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2024-01-24

$Alzamend Neuro, Inc(ALZN)$

2022-03-13

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Where will the market go under geopolitical turmoil and the epidemic?

2022-01-01

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2021-12-29

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What hydrogen energy companies are there in Hong Kong stocks?

2021-12-28

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Slots may become history, Apple's next "non-porous" goal may be it

2021-12-27

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The next generation of EUV lithography is about to break out

2021-12-25

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2021-12-24

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Tesla's German Gigafactory is expected to achieve mass production in 2022

2021-12-23

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205,000 U.S. initial jobless claims last week

2021-12-22

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2021-12-21

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Performance is better than expected! Micron Technology rose more than 7% before the market

2021-12-20

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Market Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday

2021-12-19

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The Netherlands enters a total lockdown! Become the first EU country to return to lockdown

2021-12-18

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[Change] WSB concept stocks rose, AMC theaters rose more than 17%

2021-12-17

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Tianfeng Macro: The Fed beats rate hike with rate hike expectations

2021-12-16

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Sister Wood with "inconsistent words and deeds": Selling Tesla after the fund fell

2021-09-23

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XPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units

2021-09-22

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2021-09-21

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href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/92f0b2db4b2d39c8e1dfceaafba87dbc","width":"972","height":"1631"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/406728960508208","isVote":1,"tweetType":1,"viewCount":1650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":266340718932216,"gmtCreate":1706060126332,"gmtModify":1706060128650,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ALZN\">$Alzamend Neuro, Inc(ALZN)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/ALZN\">$Alzamend Neuro, Inc(ALZN)$</a>&nbsp;","text":"$Alzamend Neuro, Inc(ALZN)$","images":[{"img":"https://community-static.tradeup.com/news/fac309e092d9017849dcaac89453333e","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266340718932216","isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9036528519,"gmtCreate":1647145666607,"gmtModify":1676534198743,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"Te's","listText":"Te's","text":"Te's","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036528519","repostId":"2219424094","repostType":4,"repost":{"id":"2219424094","kind":"highlight","pubTimestamp":1647141612,"share":"https://ttm.financial/m/news/2219424094?lang=en_US&edition=fundamental","pubTime":"2022-03-13 11:20","market":"hk","language":"zh","title":"Where will the market go under geopolitical turmoil and the epidemic?","url":"https://stock-news.laohu8.com/highlight/detail?id=2219424094","media":"智通财经网","summary":"投资要点本周话题：地缘动荡与疫情下，市场将何去何从?1)  地缘因素短期内仍将支撑大宗商品价格高位震荡，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。短期内，俄乌危机大概率难以解决。地缘政治风险","content":"<p><html><head></head><body>Investment Key Points</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and epidemic situation?</b></p><p>1) Geopolitical factors will still support high volatility in commodity prices in the short term, and the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, expectations of supply tightening will increase, and related commodity prices will remain high. Even if some countries choose to put pressure on the rise of commodities by increasing production or finding alternative energy sources in the future, the difficulty in changing the supply and demand pattern in the short term limits the decline in commodity prices. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p>2) The Fed's more hawkish than expected may put pressure on high-valuation sectors. Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment is likely to be a foregone conclusion. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Fed to be more cautious and flexible in monetary policy decisions. Before U.S. stocks, the U.S. economy, and inflation fall sharply, the Fed's hawkish statements will continue to exceed expectations. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Judging from the recent signals released by the Federal Reserve, March may tend to be 25bp instead of 50bp in rate hike, but there is a high probability that the shrinking balance sheet time will be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p>3) The domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\". Recently, the domestic epidemic has spread, and the overseas novel coronavirus pneumonia epidemic is high. With a large proportion of Omicron infections in neighboring countries and regions, the pressure of domestic prevention and control is expected to further increase. Under repeated epidemics, the recovery of consumption has weakened. Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. The weakness of consumption and exports may put more serious pressure on the economic downturn in the short term, but in the medium term, there is a high probability that it will guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p>4) Which industry segments are revising their earnings estimates upwards?: The upstream is strong, and the middle and lower reaches are under pressure. March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Key points of investment: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic and gold sectors. Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdowns are still worthy of attention: 1) Demand for domestic substitution in the entire West: This crisis has made the relationship between the EU, Japan, South Korea and the United Kingdom and the United States closer. From the perspective of supply chain security, except for the United States, the domestic substitution of key components from the entire Western major alliance may accelerate in the future. 3) For epidemic prevention items in medicine, considering the transmission ability of new viruses, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA. 4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts superimpose the global economy. In the downturn, it is recommended to pay attention to the allocation value of the gold sector.</p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p>text</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and the epidemic?</b></p><p><b>1.1 Geopolitical factors will still support commodity prices in the short term</b></p><p>Recently, geopolitical risks have continued to stir up the market. Due to the particularity of Russia and Ukraine in the pricing of some global resource products, disputes between the two countries may lead commodity prices upward. Except for crude oil, whose price is already at historically high levels, the prices of agrochemical products and non-ferrous metals have generally risen. The spillover effects of the Russia-Ukraine conflict have also spread to the international logistics market, and shipping prices have risen. The reason is that in addition to geopolitical conflicts that have further aggravated the originally tight supply situation of energy, crops and metals, it also includes transportation obstructions and market expectations caused by Western countries' sanctions and restrictions on Russia.</p><p>The current geopolitical conflict is not over yet, and market expectations mainly follow the changes in the situation between Russia and Ukraine and quickly reflect the trend of commodity prices. On March 9, the situation between Russia and Ukraine showed initial signs of easing, which had a significant impact on the capital market. On that day, oil prices and non-ferrous metal prices fell sharply. However, the collective decline in commodity prices actually reflects more changes in sentiment than improvements in fundamentals. Therefore, it is too early to assert that the \"price increase tide\" is coming to an end. Recently, although the VIX index has fallen, it is still at a high level. We can see that the market risk aversion has not completely eased.</p><p>As mentioned earlier, the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. The current prospect of the conflict between Russia and Ukraine is also unclear. Judging from the multiple rounds of negotiations between Russia and Ukraine and the information disclosed by both parties since then, Russia and Ukraine have a tough stance and have not yet reached an agreement on a ceasefire agreement. Moreover, NATO countries frequently send weapons and equipment to Ukraine. It also hinders the easing of the conflict. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, and increasing expectations of tightening supply will push up related commodity prices. Even if some countries choose to put pressure on the rise of commodities in the future by increasing production (such as some OPEC members stating that they will increase crude oil production) or looking for alternative energy sources (the EU proposes to accelerate the promotion of renewable energy), the supply and demand pattern will be difficult to change in the short term. The extent to which commodity prices fell. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p><img src=\"https://static.tigerbbs.com/b4cdd2ef4d240452ced73725f02ac3e5\" tg-width=\"1080\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9ff090db7fa96fcbb78bd9fdbdf8219b\" tg-width=\"1066\" tg-height=\"780\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.2 The Fed's more hawkish than expected may put pressure on high-valuation sectors</b></p><p>Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment may be a foregone conclusion. On March 10, data released by the U.S. Department of Labor showed that the U.S. CPI rose by 7.9% year-on-year in February, a 40-year high, and the core CPI growth rate rose to 6.4% year-on-year. Considering that commodity prices may remain high due to the disturbance of geopolitical conflicts, there is a possibility that high inflation in the U.S. economy will be difficult to alleviate in the short term. The severe inflation situation has strengthened the need for the Fed to tighten monetary policy. The unexpected recovery in employment in March also provided more room for the Fed to shift its monetary policy. On the whole, the Fed's policy adjustment may be a foregone conclusion.</p><p>Since December last year, the Federal Reserve has frequently released rate hike signals, mainly due to the continued recovery of the U.S. economy and the most urgent pressure on inflation. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Federal Reserve to be more cautious and flexible in monetary policy decisions.</p><p>Before U.S. stocks, the U.S. economy, and inflation fall sharply, there is a high probability that the Fed's hawkish statement will continue to exceed expectations. Although geopolitical conflicts may inhibit the future economic growth of the United States to a certain extent, the basic principles of economic normalization have not changed, and inflation is currently high. The Fed's top priority is still to strengthen the guidance of inflation expectations by maintaining a hawkish policy stance. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Earlier, Powell released a clearer signal about the pace and intensity of tightening in his testimony on the semi-annual monetary policy report at a congressional hearing. In terms of the magnitude of rate hike, the Federal Reserve may prefer the March rate hike of 25bp instead of 50bp, but the shrinking balance sheet time will most likely be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p><img src=\"https://static.tigerbbs.com/a1b7eacdc1fe87b4aa08a15685d974a3\" tg-width=\"1078\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.3 Domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\"</b></p><p>Recently, the domestic epidemic situation has spread in many places. The number of reported COVID-19 infections nationwide continues to remain high, and the number of provinces involved in the epidemic continues to increase. The main infection strains are Omicron variants. As of March 9, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps reported 402 new local confirmed cases and 435 local asymptomatic infections. There is a new feature in this round of epidemic, that is, since the 6th, the number of new local asymptomatic infections in a single day has been higher than the number of new local cases for four consecutive days.</p><p>The Omicron variant spreads faster and has milder infection symptoms than other variants, so punctate sporadic or even local outbreaks are more likely to occur. With the high incidence of overseas novel coronavirus pneumonia epidemics, with a large proportion of Omicron infections in neighboring countries and regions, domestic prevention and control pressure is expected to further increase. Under the direction of epidemic recovery, the demand for epidemic prevention, epidemic control and other related products will remain high, and funds will mostly flow to ventilators, special vaccines, special drugs and other tracks.</p><p>Under repeated epidemics, the recovery of consumption has weakened. In addition to the lack of scenarios caused by prevention and control restrictions, which dragged down consumption, the epidemic also inhibited residents' spending power and willingness, which was reflected in the fact that residents' income and expenditure grew at the same rate before the epidemic, and the gap after the epidemic widened significantly. At present, consumption recovery is the general trend under the policy of stabilizing growth, but when the epidemic has not been fully controlled, consumption recovery is weakening.</p><p>Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. In the past two years, the high export boom has been one of the most important driving forces supporting my country's economic resilience. However, as economies around the world gradually adapt to the \"normalization of the epidemic\", after June 2021, my country's global export share has returned to 14%, the pre-epidemic level. As overseas supply chains may enter a trend recovery, coupled with the rise in my country's labor costs, export growth may be weak and under increasing pressure.</p><p>The weakness of consumption and exports will put more serious pressure on the economic downturn in the short term, but in the medium term, it may guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p><img src=\"https://static.tigerbbs.com/a59f2a3c0a40eadb62b670af68dcdbb2\" tg-width=\"1063\" tg-height=\"402\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/528312a622c08c7c81d9aaf8023457a9\" tg-width=\"1071\" tg-height=\"418\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.4 Which industry segments are revising their earnings estimates upwards?: Strong upstream, pressure on midstream and downstream</b></p><p>March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Overall, the upstream is strong, while the middle and lower reaches are under pressure. The industries with raised profit forecasts in 22 years are mainly in the infrastructure industry chain, new energy vehicle industry chain and pharmaceutical sector. Primary industries that have increased in the past two months: non-ferrous metals (2.87%), basic chemicals (1.04%), electricity and public utilities (0.84%), steel (0.71%), etc.</p><p>Upstream: The areas where raw material profits in the upstream sector have increased focus on infrastructure-related industries, among which rare metals, environmentally friendly public utilities, and chemical raw materials have increased. On the other hand, domestic economic and financial data from January to February will also be released, which will become an important basis for the market to judge the effect of \"steady growth\" in the early stage and predict the rhythm and intensity of subsequent policies. With the layout of \"steady growth\" and long-term high-quality development, the prosperity related to infrastructure is expected to continue.</p><p>In the midstream industry, the upward revision of profit forecasts focuses on subdivided tracks with high demand and prosperity, such as new energy batteries, automotive electronics, lithium batteries/photovoltaics/semiconductor equipment, and the prosperity continues to remain high. Profit forecasts for semiconductors, electronic components, and computer equipment in the TMT sector have been raised. At the same time, profit expectations in the field of special machinery in machinery and equipment have also continued to rise. In mid-to-late March, on the one hand, the prosperity indicators of popular tracks, such as the sales of new energy vehicles, are released one after another. The prosperity expectations of popular tracks in the current market are quite different, and relevant data will become an important signal to confirm the prosperity. On the other hand, the prosperity of conceptual fields in subdivided fields such as semiconductor equipment, cloud computing, and optical communications may have a reversal trend.</p><p>Among downstream consumption, the profit forecasts of commerce, agriculture and medical services, and medical circulation sectors have been significantly raised. Affected by the dual impact of cost pressure and the setback on the demand side caused by the recurrence of the epidemic, the growth rate of the food and beverage industry has slowed down, and the internal performance of the consumer sector has also shown significant differentiation. Compared with the profit downward adjustment in 21 years, the expected reversal of trade and retail has obviously been reversed, and the profit forecast in 22 years has been raised by about 20%. There is still no obvious upward revision in the performance of must-select consumption. In the overall consumption, the profit expectation of optional is still better than that of must-select. However, in the short term, some varieties of grain, including agricultural chemicals, are affected by the war between Russia and Ukraine, and price increases are expected to be relatively strong. Affected by this geopolitical conflict, global related<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>The price is at a high level, which may boost the prosperity of agricultural products, and at the same time affect the expectation of live pig prices. This aspect deserves continuous observation.</p><p><b>1.5 Investment points: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic, and gold sectors</b></p><p>Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdown is still worthy of attention:</p><p>1) Demand for domestic substitution in the entire West: This crisis has caused the EU, Japan and South Korea to completely fall towards and bind the United Kingdom and the United States. From the perspective of supply chain security, except for the United States, the rest come from key components in the entire Western alliance. Domestic substitution may accelerate in the future. It is recommended to pay attention to: semiconductor upstream materials, Huawei chip-related software ecology, etc.</p><p>2) With the display of Western modern equipment during the war, the increasing nuclear deterrence and military industry of both sides, especially the OEMs that benefited from the final year of the three-year pilot reform of state-owned enterprises this year, deserve special attention.</p><p>3) For epidemic prevention items in medicine, considering the transmission ability of the virus, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA.</p><p>4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts are superimposed on the global economic downturn. It is recommended to pay attention to the allocation value of the gold sector.</p><p><b>Market Review and Outlook</b></p><p>Style index: Market conditions generally fell this week. The CSI 500 and small and medium-sized board index led the decline. In terms of activity, the turnover rate of various industries generally rebounded, and the turnover rate of Shenzhen Component Index increased significantly.</p><p>Major industries: Healthcare and daily consumption performed relatively well this week, while optional consumption and real estate performed relatively sluggish. In terms of activity, the energy turnover rate dropped significantly, and the healthcare turnover rate rebounded significantly.</p><p>Primary industries: Primary industries generally fell this week, led by home appliances and non-ferrous metals. In terms of activity, the turnover rate of medicine and media has rebounded relatively significantly, while the turnover rate of national defense and military industries has declined.</p><p><img src=\"https://static.tigerbbs.com/8b77bbe4f011209d0f61398519d4b870\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/2d58f4dc49d2ba695c284f3f2b140070\" tg-width=\"988\" tg-height=\"739\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Three sentiment indicator tracking</b></p><p>Market-wide activity: Since 2010, the average daily turnover rate of all A has been roughly 0.4%-1.4%. After smoothing on the 20th, the turnover rate of all A dropped slightly this week. As of March 11, the single-day turnover rate reached 1.36%, which is 82.43% of the historical quantile. The turnover rate range of GEM is roughly 2%-8%. After smoothing on the 20th, the turnover rate of GEM fluctuates and rises. As of March 11, 2022, the single-day turnover rate of the GEM is 13.50%, which is 90.6% of the historical quantile.</p><p><img src=\"https://static.tigerbbs.com/f91bd77cd124660b4b931da83a84f0e2\" tg-width=\"1065\" tg-height=\"410\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>On-site financing: The financing balance rebounded slightly this week. As of March 10, the financing balance was 1,619.4 billion yuan, a decrease of 8.63 billion yuan from last week. On the 5th, after smoothing, the proportion of financing purchases in the total market turnover decreased by-0.2% compared with last week.</p><p>Index of sub-new shares: After smoothing on the 5th day, the turnover rate of sub-new shares rebounded slightly compared with last week. As of March 11th, the average turnover rate of sub-new shares on the 5th day reached 9.12%, which was at the historical quantile of 87.14%.</p><p><img src=\"https://static.tigerbbs.com/54b3f83e23e7b8c86169632226e8093d\" tg-width=\"1067\" tg-height=\"415\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Four valuation indicator tracking</b></p><p>Valuation of major industries: The valuation levels of basic non-ferrous metals, basic chemicals, power equipment and new energy, national defense and military industry, automobiles, consumer services, food and beverage and electronics industries in PB valuation are higher than the historical average;</p><p>Valuation of major industries: In PE valuation, the valuation level of agriculture, forestry, animal husbandry and fishery, food and beverage, public utilities, leisure services, electrical equipment, automobiles and comprehensive industries is higher than the historical average;</p><p>Industries with PE valuation and PB valuation at historically high levels: the valuation levels of food and beverage and automobile industries are higher than the historical average;</p><p>Main indexes: PB valuation SSE 50, GEM index valuation level is higher than historical average;</p><p>Main index: PE valuation SSE 50, the valuation level of small and medium-sized board index is higher than the historical average;</p><p>PE valuation and PB valuation are both at historically high indexes: the valuation level of SSE 50 is higher than the historical average;</p><p><img src=\"https://static.tigerbbs.com/26c307f1db2feea63e70afad6a756a4d\" tg-width=\"1069\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhere will the market go under geopolitical turmoil and the epidemic?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2022-03-13 11:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Investment Key Points</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and epidemic situation?</b></p><p>1) Geopolitical factors will still support high volatility in commodity prices in the short term, and the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, expectations of supply tightening will increase, and related commodity prices will remain high. Even if some countries choose to put pressure on the rise of commodities by increasing production or finding alternative energy sources in the future, the difficulty in changing the supply and demand pattern in the short term limits the decline in commodity prices. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p>2) The Fed's more hawkish than expected may put pressure on high-valuation sectors. Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment is likely to be a foregone conclusion. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Fed to be more cautious and flexible in monetary policy decisions. Before U.S. stocks, the U.S. economy, and inflation fall sharply, the Fed's hawkish statements will continue to exceed expectations. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Judging from the recent signals released by the Federal Reserve, March may tend to be 25bp instead of 50bp in rate hike, but there is a high probability that the shrinking balance sheet time will be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p>3) The domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\". Recently, the domestic epidemic has spread, and the overseas novel coronavirus pneumonia epidemic is high. With a large proportion of Omicron infections in neighboring countries and regions, the pressure of domestic prevention and control is expected to further increase. Under repeated epidemics, the recovery of consumption has weakened. Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. The weakness of consumption and exports may put more serious pressure on the economic downturn in the short term, but in the medium term, there is a high probability that it will guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p>4) Which industry segments are revising their earnings estimates upwards?: The upstream is strong, and the middle and lower reaches are under pressure. March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Key points of investment: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic and gold sectors. Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdowns are still worthy of attention: 1) Demand for domestic substitution in the entire West: This crisis has made the relationship between the EU, Japan, South Korea and the United Kingdom and the United States closer. From the perspective of supply chain security, except for the United States, the domestic substitution of key components from the entire Western major alliance may accelerate in the future. 3) For epidemic prevention items in medicine, considering the transmission ability of new viruses, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA. 4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts superimpose the global economy. In the downturn, it is recommended to pay attention to the allocation value of the gold sector.</p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p>text</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and the epidemic?</b></p><p><b>1.1 Geopolitical factors will still support commodity prices in the short term</b></p><p>Recently, geopolitical risks have continued to stir up the market. Due to the particularity of Russia and Ukraine in the pricing of some global resource products, disputes between the two countries may lead commodity prices upward. Except for crude oil, whose price is already at historically high levels, the prices of agrochemical products and non-ferrous metals have generally risen. The spillover effects of the Russia-Ukraine conflict have also spread to the international logistics market, and shipping prices have risen. The reason is that in addition to geopolitical conflicts that have further aggravated the originally tight supply situation of energy, crops and metals, it also includes transportation obstructions and market expectations caused by Western countries' sanctions and restrictions on Russia.</p><p>The current geopolitical conflict is not over yet, and market expectations mainly follow the changes in the situation between Russia and Ukraine and quickly reflect the trend of commodity prices. On March 9, the situation between Russia and Ukraine showed initial signs of easing, which had a significant impact on the capital market. On that day, oil prices and non-ferrous metal prices fell sharply. However, the collective decline in commodity prices actually reflects more changes in sentiment than improvements in fundamentals. Therefore, it is too early to assert that the \"price increase tide\" is coming to an end. Recently, although the VIX index has fallen, it is still at a high level. We can see that the market risk aversion has not completely eased.</p><p>As mentioned earlier, the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. The current prospect of the conflict between Russia and Ukraine is also unclear. Judging from the multiple rounds of negotiations between Russia and Ukraine and the information disclosed by both parties since then, Russia and Ukraine have a tough stance and have not yet reached an agreement on a ceasefire agreement. Moreover, NATO countries frequently send weapons and equipment to Ukraine. It also hinders the easing of the conflict. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, and increasing expectations of tightening supply will push up related commodity prices. Even if some countries choose to put pressure on the rise of commodities in the future by increasing production (such as some OPEC members stating that they will increase crude oil production) or looking for alternative energy sources (the EU proposes to accelerate the promotion of renewable energy), the supply and demand pattern will be difficult to change in the short term. The extent to which commodity prices fell. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p><img src=\"https://static.tigerbbs.com/b4cdd2ef4d240452ced73725f02ac3e5\" tg-width=\"1080\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9ff090db7fa96fcbb78bd9fdbdf8219b\" tg-width=\"1066\" tg-height=\"780\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.2 The Fed's more hawkish than expected may put pressure on high-valuation sectors</b></p><p>Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment may be a foregone conclusion. On March 10, data released by the U.S. Department of Labor showed that the U.S. CPI rose by 7.9% year-on-year in February, a 40-year high, and the core CPI growth rate rose to 6.4% year-on-year. Considering that commodity prices may remain high due to the disturbance of geopolitical conflicts, there is a possibility that high inflation in the U.S. economy will be difficult to alleviate in the short term. The severe inflation situation has strengthened the need for the Fed to tighten monetary policy. The unexpected recovery in employment in March also provided more room for the Fed to shift its monetary policy. On the whole, the Fed's policy adjustment may be a foregone conclusion.</p><p>Since December last year, the Federal Reserve has frequently released rate hike signals, mainly due to the continued recovery of the U.S. economy and the most urgent pressure on inflation. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Federal Reserve to be more cautious and flexible in monetary policy decisions.</p><p>Before U.S. stocks, the U.S. economy, and inflation fall sharply, there is a high probability that the Fed's hawkish statement will continue to exceed expectations. Although geopolitical conflicts may inhibit the future economic growth of the United States to a certain extent, the basic principles of economic normalization have not changed, and inflation is currently high. The Fed's top priority is still to strengthen the guidance of inflation expectations by maintaining a hawkish policy stance. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Earlier, Powell released a clearer signal about the pace and intensity of tightening in his testimony on the semi-annual monetary policy report at a congressional hearing. In terms of the magnitude of rate hike, the Federal Reserve may prefer the March rate hike of 25bp instead of 50bp, but the shrinking balance sheet time will most likely be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p><img src=\"https://static.tigerbbs.com/a1b7eacdc1fe87b4aa08a15685d974a3\" tg-width=\"1078\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.3 Domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\"</b></p><p>Recently, the domestic epidemic situation has spread in many places. The number of reported COVID-19 infections nationwide continues to remain high, and the number of provinces involved in the epidemic continues to increase. The main infection strains are Omicron variants. As of March 9, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps reported 402 new local confirmed cases and 435 local asymptomatic infections. There is a new feature in this round of epidemic, that is, since the 6th, the number of new local asymptomatic infections in a single day has been higher than the number of new local cases for four consecutive days.</p><p>The Omicron variant spreads faster and has milder infection symptoms than other variants, so punctate sporadic or even local outbreaks are more likely to occur. With the high incidence of overseas novel coronavirus pneumonia epidemics, with a large proportion of Omicron infections in neighboring countries and regions, domestic prevention and control pressure is expected to further increase. Under the direction of epidemic recovery, the demand for epidemic prevention, epidemic control and other related products will remain high, and funds will mostly flow to ventilators, special vaccines, special drugs and other tracks.</p><p>Under repeated epidemics, the recovery of consumption has weakened. In addition to the lack of scenarios caused by prevention and control restrictions, which dragged down consumption, the epidemic also inhibited residents' spending power and willingness, which was reflected in the fact that residents' income and expenditure grew at the same rate before the epidemic, and the gap after the epidemic widened significantly. At present, consumption recovery is the general trend under the policy of stabilizing growth, but when the epidemic has not been fully controlled, consumption recovery is weakening.</p><p>Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. In the past two years, the high export boom has been one of the most important driving forces supporting my country's economic resilience. However, as economies around the world gradually adapt to the \"normalization of the epidemic\", after June 2021, my country's global export share has returned to 14%, the pre-epidemic level. As overseas supply chains may enter a trend recovery, coupled with the rise in my country's labor costs, export growth may be weak and under increasing pressure.</p><p>The weakness of consumption and exports will put more serious pressure on the economic downturn in the short term, but in the medium term, it may guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p><img src=\"https://static.tigerbbs.com/a59f2a3c0a40eadb62b670af68dcdbb2\" tg-width=\"1063\" tg-height=\"402\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/528312a622c08c7c81d9aaf8023457a9\" tg-width=\"1071\" tg-height=\"418\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.4 Which industry segments are revising their earnings estimates upwards?: Strong upstream, pressure on midstream and downstream</b></p><p>March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Overall, the upstream is strong, while the middle and lower reaches are under pressure. The industries with raised profit forecasts in 22 years are mainly in the infrastructure industry chain, new energy vehicle industry chain and pharmaceutical sector. Primary industries that have increased in the past two months: non-ferrous metals (2.87%), basic chemicals (1.04%), electricity and public utilities (0.84%), steel (0.71%), etc.</p><p>Upstream: The areas where raw material profits in the upstream sector have increased focus on infrastructure-related industries, among which rare metals, environmentally friendly public utilities, and chemical raw materials have increased. On the other hand, domestic economic and financial data from January to February will also be released, which will become an important basis for the market to judge the effect of \"steady growth\" in the early stage and predict the rhythm and intensity of subsequent policies. With the layout of \"steady growth\" and long-term high-quality development, the prosperity related to infrastructure is expected to continue.</p><p>In the midstream industry, the upward revision of profit forecasts focuses on subdivided tracks with high demand and prosperity, such as new energy batteries, automotive electronics, lithium batteries/photovoltaics/semiconductor equipment, and the prosperity continues to remain high. Profit forecasts for semiconductors, electronic components, and computer equipment in the TMT sector have been raised. At the same time, profit expectations in the field of special machinery in machinery and equipment have also continued to rise. In mid-to-late March, on the one hand, the prosperity indicators of popular tracks, such as the sales of new energy vehicles, are released one after another. The prosperity expectations of popular tracks in the current market are quite different, and relevant data will become an important signal to confirm the prosperity. On the other hand, the prosperity of conceptual fields in subdivided fields such as semiconductor equipment, cloud computing, and optical communications may have a reversal trend.</p><p>Among downstream consumption, the profit forecasts of commerce, agriculture and medical services, and medical circulation sectors have been significantly raised. Affected by the dual impact of cost pressure and the setback on the demand side caused by the recurrence of the epidemic, the growth rate of the food and beverage industry has slowed down, and the internal performance of the consumer sector has also shown significant differentiation. Compared with the profit downward adjustment in 21 years, the expected reversal of trade and retail has obviously been reversed, and the profit forecast in 22 years has been raised by about 20%. There is still no obvious upward revision in the performance of must-select consumption. In the overall consumption, the profit expectation of optional is still better than that of must-select. However, in the short term, some varieties of grain, including agricultural chemicals, are affected by the war between Russia and Ukraine, and price increases are expected to be relatively strong. Affected by this geopolitical conflict, global related<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>The price is at a high level, which may boost the prosperity of agricultural products, and at the same time affect the expectation of live pig prices. This aspect deserves continuous observation.</p><p><b>1.5 Investment points: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic, and gold sectors</b></p><p>Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdown is still worthy of attention:</p><p>1) Demand for domestic substitution in the entire West: This crisis has caused the EU, Japan and South Korea to completely fall towards and bind the United Kingdom and the United States. From the perspective of supply chain security, except for the United States, the rest come from key components in the entire Western alliance. Domestic substitution may accelerate in the future. It is recommended to pay attention to: semiconductor upstream materials, Huawei chip-related software ecology, etc.</p><p>2) With the display of Western modern equipment during the war, the increasing nuclear deterrence and military industry of both sides, especially the OEMs that benefited from the final year of the three-year pilot reform of state-owned enterprises this year, deserve special attention.</p><p>3) For epidemic prevention items in medicine, considering the transmission ability of the virus, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA.</p><p>4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts are superimposed on the global economic downturn. It is recommended to pay attention to the allocation value of the gold sector.</p><p><b>Market Review and Outlook</b></p><p>Style index: Market conditions generally fell this week. The CSI 500 and small and medium-sized board index led the decline. In terms of activity, the turnover rate of various industries generally rebounded, and the turnover rate of Shenzhen Component Index increased significantly.</p><p>Major industries: Healthcare and daily consumption performed relatively well this week, while optional consumption and real estate performed relatively sluggish. In terms of activity, the energy turnover rate dropped significantly, and the healthcare turnover rate rebounded significantly.</p><p>Primary industries: Primary industries generally fell this week, led by home appliances and non-ferrous metals. In terms of activity, the turnover rate of medicine and media has rebounded relatively significantly, while the turnover rate of national defense and military industries has declined.</p><p><img src=\"https://static.tigerbbs.com/8b77bbe4f011209d0f61398519d4b870\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/2d58f4dc49d2ba695c284f3f2b140070\" tg-width=\"988\" tg-height=\"739\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Three sentiment indicator tracking</b></p><p>Market-wide activity: Since 2010, the average daily turnover rate of all A has been roughly 0.4%-1.4%. After smoothing on the 20th, the turnover rate of all A dropped slightly this week. As of March 11, the single-day turnover rate reached 1.36%, which is 82.43% of the historical quantile. The turnover rate range of GEM is roughly 2%-8%. After smoothing on the 20th, the turnover rate of GEM fluctuates and rises. As of March 11, 2022, the single-day turnover rate of the GEM is 13.50%, which is 90.6% of the historical quantile.</p><p><img src=\"https://static.tigerbbs.com/f91bd77cd124660b4b931da83a84f0e2\" tg-width=\"1065\" tg-height=\"410\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>On-site financing: The financing balance rebounded slightly this week. As of March 10, the financing balance was 1,619.4 billion yuan, a decrease of 8.63 billion yuan from last week. On the 5th, after smoothing, the proportion of financing purchases in the total market turnover decreased by-0.2% compared with last week.</p><p>Index of sub-new shares: After smoothing on the 5th day, the turnover rate of sub-new shares rebounded slightly compared with last week. As of March 11th, the average turnover rate of sub-new shares on the 5th day reached 9.12%, which was at the historical quantile of 87.14%.</p><p><img src=\"https://static.tigerbbs.com/54b3f83e23e7b8c86169632226e8093d\" tg-width=\"1067\" tg-height=\"415\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Four valuation indicator tracking</b></p><p>Valuation of major industries: The valuation levels of basic non-ferrous metals, basic chemicals, power equipment and new energy, national defense and military industry, automobiles, consumer services, food and beverage and electronics industries in PB valuation are higher than the historical average;</p><p>Valuation of major industries: In PE valuation, the valuation level of agriculture, forestry, animal husbandry and fishery, food and beverage, public utilities, leisure services, electrical equipment, automobiles and comprehensive industries is higher than the historical average;</p><p>Industries with PE valuation and PB valuation at historically high levels: the valuation levels of food and beverage and automobile industries are higher than the historical average;</p><p>Main indexes: PB valuation SSE 50, GEM index valuation level is higher than historical average;</p><p>Main index: PE valuation SSE 50, the valuation level of small and medium-sized board index is higher than the historical average;</p><p>PE valuation and PB valuation are both at historically high indexes: the valuation level of SSE 50 is higher than the historical average;</p><p><img src=\"https://static.tigerbbs.com/26c307f1db2feea63e70afad6a756a4d\" tg-width=\"1069\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/676392.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"159934":"黄金ETF","161125":"标普500","399001":"深证成指","510030":"价值ETF","SPY":"标普500ETF","000300.SH":"沪深300","IVV":"标普500ETF-iShares","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","QID":"两倍做空纳斯达克指数ETF-ProShares","OEX":"标普100",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","XPP":"二倍做多富时中国50ETF(ProShares)","BK4534":"瑞士信贷持仓","GDX":"黄金矿业ETF-VanEck","BK1574":"生物医药B类股","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","YXI":"ProShares做空FTSE中国50ETF","IAU":"黄金信托ETF-iShares","DDM":"2倍做多道指ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","FXP":"二倍做空富时中国50ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","BK4559":"巴菲特持仓","09939":"开拓药业-B","000016.SH":"上证50","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","BK4550":"红杉资本持仓","GLD":"黄金ETF-SPDR",".SPX":"S&P 500 Index","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares"},"source_url":"http://www.zhitongcaijing.com/content/detail/676392.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2219424094","content_text":"投资要点本周话题：地缘动荡与疫情下，市场将何去何从?1)  地缘因素短期内仍将支撑大宗商品价格高位震荡，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。短期内，俄乌危机大概率难以解决。地缘政治风险将持续影响市场情绪，供给收紧预期增强，相关大宗商品价格持续高位。即使部分国家在未来选择以增产或者寻找替代能源的方式对大宗商品涨势施压，但短期内供需格局难变限制了大宗商品价格回落幅度。综合来看，在地缘动荡长期化的前提下，大宗商品价格大概率维持在高位运行。2)  美联储超预期鹰派或使高估值板块承压。在美国通胀高企叠加地缘冲突加剧通胀困境的背景下，美联储政策调整大概率已成定局，但近期地缘政治风险持续发酵或影响未来美国经济增长前景也将导致美联储在货币政策决策上更加谨慎和灵活。在美股、美国经济、通胀出现大幅下滑前，美联储鹰派表述将持续超预期。即便短期内加息节奏放缓，但整体收紧力度大概率超预期。就近期美联储释放的信号来看，3月或倾向于加息25bp而非50bp，但缩表时间大概率会提前，不排除在二季度开启“缩表”的可能性。3)  国内疫情扰动强化“攻守兼备”配置逻辑。近日，国内疫情蔓延，境外新冠肺炎疫情高发，伴随周边国家地区大比例的奥密克戎感染，国内防控压力预计会进一步增加。疫情反复下，消费复苏趋弱。假设未来采取更强的疫情防控措施，今年出口对经济拉动作用也或弱化。消费及出口的疲软短期或对经济下行构成更加严重压力，但是从中期来看，大概率将引导政策面加大稳增长支持力度。市场修复仍待时日，但调整尾声或已渐行渐近。4)  哪些行业细分正在向上修正盈利预测?：上游强劲，中下游承压。3-4月是很好的观察全年高景气行业的时间窗口。当前3月的市场已经开始逐步反应一季报的业绩预期，4  月中下旬市场将进入年报及一季报业绩的密集披露期，市场往往有“春季躁动，四月决断”的季节性特征，在年报及一季报业绩披露后，市场会普遍调整对上市公司的盈利预测。而市场目前对“稳增长发力是否有效”的分歧一直存在，所以我们通过寻找盈利预测边际变化，试图寻找哪些公司的稳增长复苏具备持续性，以及基本面的预期变化情况如何。投资要点：仍以低估值蓝筹为主线，建议关注国产替代、军工、抗疫、黄金板块。地缘冲突引发全球资本市场震荡，市场避险情绪急剧升温以及国内疫情多地散发势头尚未遏制住的背景下，低估值蓝筹的投资机会仍为市场最稳健的主线。成长股方面虽然整体估值受制于通胀上升，就具体配置而言，如下细分仍值得关注：1)  对于整个西方的国产替代需求：本次危机，使得欧盟、日韩与英美关系更加密切，就供应链安全角度而言，除美国外，其余来自于整个西方大联盟的关键零部件的国产替代或将在未来加速，建议关注：半导体上游材料，华为芯片相关的软件生态等，2)伴随战争过程中西方现代化装备的展现，不断增加的双方核威慑，军工，特别是今年受益于国企改革三年试点收官年的主机厂值得重点关注。3)医药当中防疫物品，考虑到新病毒的传播能力，除核酸检测、呼吸机等外，重点关注mRNA等新疫苗，4)避险情绪影响市场，海外通胀居高不下，地缘冲突叠加全球经济下行，建议关注黄金板块的配置价值。风险提示：地缘动荡事件加剧，国内Omicron疫情超预期爆发，美联储货币政策及国内货币政策流动性超预期收紧，研究报告使用的公开资料可能存在信息滞后或更新不及时的情况。正文一 本周话题：地缘动荡与疫情下，市场将何去何从?1.1 地缘因素短期内仍将支撑大宗商品价格近期，地缘政治风险持续搅动市场。由于俄乌在全球部分资源品定价中的特殊性，两国纷争或将引导大宗商品价格上行。除价格已经处于历史高位的原油外，农化产品、有色金属价格普涨。俄乌冲突带来的外溢效应也波及到了国际物流市场，航运价格攀升。究其原因，除了地缘冲突进一步加剧了原本紧张的能源、农作物及金属供应形势以外，还包括西方国家对俄制裁限制带来的运输受阻及市场预期恐慌。现下地缘冲突仍未结束，市场预期主要跟随俄乌局势变化波动并快速反映大宗商品价格走势上。3月9日，俄乌局势初现缓和迹象已经对资本市场产生明显影响，该日油价、有色金属价格大幅重挫。但此次大宗商品价格集体回落实际上更多的是反映了情绪面的变化而非基本面的改善，因此此时断言“涨价潮”趋于结束还为时尚早。近日，VIX指数虽有所下跌但仍处高位水平，我们可以看出，市场避险情绪尚未完全缓和。如前所述，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。当前俄乌冲突前景亦未明朗，从俄乌多轮谈判以及此后双方所披露的情况看，俄乌双方立场强硬，目前仍未就停火协议达成一致意见，且北约国家频频输送武器装备至乌克兰，也为冲突缓和造成阻碍。短期内，俄乌危机大概率难以解决。地缘政治风险将持续影响市场情绪，  供给收紧预期增强推高相关大宗商品价格。即使部分国家在未来选择以增产(如OPEC部分成员国表态增产原油)或者寻找替代能源(欧盟提议加速推广可再生能源)的方式对大宗商品涨势施压，但短期内供需格局难变限制了大宗商品价格回落幅度。综合来看，在地缘动荡长期化的前提下，大宗商品价格大概率维持在高位运行。1.2 美联储超预期鹰派或致高估值板块承压在美国通胀高企叠加地缘冲突加剧通胀困境的背景下，美联储政策调整或已成定局。3月10日，美国劳工部发布的数据显示,美国2月CPI同比上涨7.9%,涨幅创40年来新高，核心CPI同比增速升至6.4%。考虑到地缘冲突扰动下大宗商品价格或维持高位，短期内美国经济存在高通胀难以缓解的可能性。通胀形势严峻强化了美联储收紧货币政策的必要性，3月就业超预期复苏也为美联储货币政策转向提供更大的操作空间，综合来看，美联储政策调整或已成定局。自去年12月开始，美联储频频释放加息信号，主要是基于美国经济持续修复以及通胀面临的压力最为紧迫。但近期地缘政治风险持续发酵或影响未来美国经济增长前景也将导致美联储在货币政策决策上更加谨慎和灵活。在美股、美国经济、通胀出现大幅下滑前，美联储鹰派表述大概率将持续超预期。尽管地缘冲突可能会在一定程度上抑制美国未来经济增长，但经济正常化的基本原理尚未改变，且目前通胀居高难下，美联储的当务之急仍是通过维持鹰派政策立场强化对通胀预期的引导。即便短期内加息节奏放缓，但整体收紧力度大概率超预期。此前鲍威尔在国会听证会就半年度货币政策报告作证词中释放了关于紧缩节奏与力度更清晰的信号。从加息幅度上来说，美联储或倾向于3月加息25bp而非50bp，但缩表时间大概率会提前，不排除在二季度开启“缩表”的可能性。1.3 国内疫情扰动强化“攻守兼备”配置逻辑近日，国内疫情多点散发。全国报告新冠感染者继续维持高位，疫情涉及省份持续增多，感染毒株以Omicron变异株为主。截至3月9日，31个省(自治区、直辖市)和新疆生产建设兵团报告新增本土确诊病例402例，本土无症状感染者435例。此轮疫情中有一个新特点，即从6日以来，连续四天本土无症状感染者单日新增数都高于新增本土病例数。奥密克戎变异株传播速度更快且感染症状较其他变异株更轻微，因此点状散发甚至局部爆发更容易出现。境外新冠肺炎疫情高发，伴随周边国家地区大比例的奥密克戎感染，国内防控压力预计会进一步增加。疫情修复方向下，防疫、治疫等相关产品需求将维持高位，资金多流向呼吸机、特效疫苗、特效药等赛道。疫情反复下，消费复苏趋弱。除了防控限制引发的场景缺失拖累消费外，疫情同样对居民的消费能力和意愿产生抑制，体现为疫情前居民收入和支出增速相当、疫后差距明显拉大。目前，消费修复是稳增长政策发力下的大势所趋，但在疫情尚未完全控制住的情况下，消费复苏趋弱。假设未来采取更强的疫情防控措施，今年出口对经济拉动作用也或弱化。过去两年，出口高景气是支撑我国经济韧性最重要的动能之一，但在全球各经济体逐渐适应“疫情常态化”的背景下，2021年6月后，我国出口占全球份额已回到14%，这一疫情之前的水平。随着海外供应链或进入趋势性恢复，叠加我国人力成本的走高，出口增长或乏力且承压渐增。消费及出口的疲软短期内会对经济下行构成更加严重压力，但是从中期来看，或将引导政策面加大稳增长支持力度。市场修复仍待时日，但调整尾声或已渐行渐近。1.4 哪些行业细分正在向上修正盈利预测?：上游强劲，中下游承压3-4月是很好的观察全年高景气行业的时间窗口。当前3月的市场已经开始逐步反应一季报的业绩预期，4  月中下旬市场将进入年报及一季报业绩的密集披露期，市场往往有“春季躁动，四月决断”的季节性特征，在年报及一季报业绩披露后，市场会普遍调整对上市公司的盈利预测。而市场目前对“稳增长发力是否有效”的分歧一直存在，所以我们通过寻找盈利预测边际变化，试图寻找哪些公司的稳增长复苏具备持续性，以及基本面的预期变化情况如何。整体来看，上游强劲，中下游承压。22年盈利预测上调的行业主要在基建产业链、新能源车产业链及医药板块。近2个月调涨的一级行业：有色金属(2.87%)，基础化工(1.04%)，电力及公用(0.84%)，钢铁(0.71%)等。上游：上游领域的原材料盈利上调的领域聚焦在基建相关产业，其中，稀有金属、环保公用、化学原料调涨。另一方面，国内1-2  月经济、金融数据也将公布，并成为市场判断前期“稳增长”效果以及预判后续政策节奏和力度的重要依据，稳增长主线再次强调下，短期“稳增长”及长期高质量发展的布局，基建相关景气度有望延续。中游行业中，盈利预测上修集中在需求高景气的细分赛道，如新能源电池、汽车电子、锂电/光伏/半导体设备，景气度持续维持高位。TMT板块中半导体、电子零组件、计算机设备的盈利预测调涨。同时，机械设备中专用机械领域盈利预期也持续上调。3  月中下旬，一方面，热门赛道景气度指标，如新能源车销量陆续发布，当前市场的热门赛道景气度预期分歧较大，相关数据将成为景气确认的重要信号。另一方面，半导体设备、云计算、光通信这些细分领域的概念领域景气度或有反转的趋势。下游消费中，商贸、农业及医疗服务、医疗流通板块的盈利预测明显上调。受成本压力及疫情复发导致需求端受挫的双重影响，食品饮料行业增速放缓，消费板块内部业绩表现也出现明显的分化。商贸零售相对于21年的盈利下调出现明显的预期反转，22年盈利预测上调20%左右。必选消费业绩仍没有看到明显的上修，整体消费中，可选的盈利预期仍好于必选。但是  短期，粮食部分品种、包括农用化工受俄乌战火的影响，涨价预期比较强烈，受这种地缘冲突的影响，全球相关农产品价格在高位，这可能对农产品景气度有所助推，同时影响生猪价格的预期，这方面值得持续的观察。1.5 投资要点：仍以低估值蓝筹为主线，建议关注国产替代、军工、抗疫、黄金板块地缘冲突引发全球资本市场震荡，市场避险情绪急剧升温以及国内疫情多地散发势头尚未遏制住的背景下，低估值蓝筹的投资机会仍为市场最稳健的主线。成长股方面虽然整体估值受制于通胀上升，就具体配置而言，但如下细分仍值得关注：1)  对于整个西方的国产替代需求：本次危机，使得欧盟、日韩彻底倒向并绑定英美，就供应链安全角度而言，除美国外，其余来自于整个西方大联盟的关键零部件的国产替代或将在未来加速，建议关注：半导体上游材料，华为芯片相关的软件生态等。2) 伴随战争过程中西方现代化装备的展现，不断增加的双方核威慑，军工，特别是今年受益于国企改革三年试点收官年的主机厂值得重点关注。3)医药当中防疫物品，考虑到病毒的传播能力，除核酸检测、呼吸机等外，重点关注mRNA等新疫苗。4)避险情绪影响市场，海外通胀居高不下，地缘冲突叠加全球经济下行，建议关注黄金板块的配置价值。二 市场回顾及展望风格指数：本周市场行情普跌。中证500、中小板指领跌。活跃度方面，各行业换手率普遍回升，深证成指换手率上升明显。大类行业：本周医疗保健、日常消费相对表现亮眼，可选消费、房地产相对表现低迷。活跃度方面，能源换手率明显回落，医疗保健换手率明显回升。一级行业：本周一级行业普跌，家电、有色金属领跌。活跃度方面，医药、传媒换手率回升相对明显，国防军工换手率有所下滑。三 情绪指标跟踪全市场活跃度：2010年以来，全A日均换手率区间大致为0.4%-1.4%。20日平滑后本周全A换手率小幅下降。截止3月11日，单日换手率达到1.36%，处于历史分位的82.43%。创业板指换手率区间大致为2%-8%，20日平滑后创业板指换手率震荡上升。截止2022年3月11日，创业板单日换手率为13.50%，处于历史分位的90.6%。场内融资：本周融资余额小幅回升，截止3月10日，融资余额为16194亿元，较上周减少86.30亿。5日平滑后融资买入额占全市场成交额的比重较上周下降-0.2%。次新股指标：5日平滑后次新股换手率较上周小幅回升，截止3月11日，5日次新股换手率均值达到9.12%，处于历史分位87.14%。四 估值指标跟踪主要行业估值： PB估值中基有色金属、基础化工、电力设备及新能源、国防军工、汽车、消费者服务、食品饮料和电子行业估值水平高于历史均值;主要行业估值：PE估值中农林牧渔、食品饮料、公用事业、休闲服务、电器设备、汽车和综合行业估值水平高于历史均值;PE估值、PB估值均处在历史高位的行业：食品饮料、汽车行业估值水平高于历史均值;主要指数：PB估值上证50、创业板指估值水平高于历史均值;主要指数：PE估值上证50、中小板指估值水平高于历史均值;PE估值、PB估值均处在历史高位的指数：上证50估值水平高于历史均值;风险提示：地缘动荡事件加剧，国内Omicron疫情超预期爆发，美联储货币政策及国内货币政策流动性超预期收紧，研究报告使用的公开资料可能存在信息滞后或更新不及时的情况。","news_type":1,"symbols_score_info":{"159934":0.6,"161125":0.6,"399001":0.9,"510030":0.6,"QID":0.6,"SGCmain":0.6,"UDOW":0.6,"SPY":0.9,"000300.SH":0.6,"GLD":0.6,"DOG":0.6,"PSQ":0.6,"IAU":0.6,"IVV":0.6,"QLD":0.6,"GDX":0.6,"SPXU":0.6,"GCmain":0.9,"NUGT":0.6,"DXD":0.6,"YXI":0.6,".DJI":0.9,"OEX":0.6,"SSO":0.6,"MNQmain":0.6,"OEF":0.6,"ESmain":0.6,".SPX":0.6,"DDM":0.6,"MGCmain":0.6,"CNmain":0.9,"DJX":0.6,"SQQQ":0.6,".IXIC":0.9,"09939":0.9,"UPRO":0.6,"FXP":0.6,"TQQQ":0.6,"000016.SH":0.6,"QQQ":0.6,"XPP":0.6,"SGUmain":0.6,"NQmain":0.6,"SH":0.6,"SDOW":0.6,"DUST":0.6}},"isVote":1,"tweetType":1,"viewCount":2450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003649107,"gmtCreate":1640972513219,"gmtModify":1676533560054,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003649107","repostId":"2195412025","repostType":4,"isVote":1,"tweetType":1,"viewCount":2135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009436851,"gmtCreate":1640751398534,"gmtModify":1676533539119,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009436851","repostId":"2194634480","repostType":4,"repost":{"id":"2194634480","kind":"highlight","pubTimestamp":1640751129,"share":"https://ttm.financial/m/news/2194634480?lang=en_US&edition=fundamental","pubTime":"2021-12-29 12:12","market":"hk","language":"zh","title":"What hydrogen energy companies are there in Hong Kong stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2194634480","media":"格隆汇","summary":"随着绿电的占比越来越大，储能行业及氢能是明年重点关注的细分版块。","content":"<p>What is the outlook for 2022? Different articles will be published one after another in the near future, please pay attention. Under China's two-carbon environment, new energy will still be the mainstream in 2022, and each segment in this field has different stages of development. Hydrogen fuel cell vehicles will be used during the Winter Olympics to help the development of hydrogen energy, and hydrogen energy may reach a new stage next year. What hydrogen energy industry stocks should I pay attention to in Hong Kong stocks?</p><p><h3><b>Choose between new energy sources?</b></h3>Among many sectors, in a carbon-neutral environment, new energy is still the most promising core asset. In high-prosperity tracks such as new energy vehicles and photovoltaics, the prices of upstream raw materials for photovoltaics are gradually easing, and the downstream demand for photovoltaics will be further released. At present, wind and photovoltaic power stations with energy storage projects are already standard, and next year will open a new chapter in the energy storage segment industry.</p><p>Another promising thing is the hydrogen energy industry. Since the beginning of this year, the development of domestic hydrogen energy has been booming. At present, more than 20 provinces and more than 40 prefecture-level cities have released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and hydrogen energy and fuel subsidy support policies related to the cell industry have been introduced. Many central enterprises and listed companies are also competing to develop hydrogen energy.</p><p><img src=\"https://static.tigerbbs.com/b1524405382daa3e7f4bef15fc32ee51\" tg-width=\"504\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>At the beginning of this year, hydrogen energy was included in the national 14th Five-Year Plan and the outline of long-term goals for 2035, and a series of policies were accelerated. Recently, the five departments jointly issued the \"Notice on Starting the Demonstration Application of Fuel Cell Vehicles\". The urban agglomerations submitted by Beijing, Shanghai, and Guangdong Province became the first batch of demonstration cities. During the four-year demonstration period, each urban agglomeration can receive up to 1.7 billion yuan in central fiscal funds.</p><p><h3><b>Hydrogen energy enters practical stage</b></h3>In the upcoming 2022 Beijing Winter Olympics, hydrogen energy will continue to exert its strength. Many Chinese hydrogen energy brands will support green + technology for the Beijing Winter Olympics and will also lead the future human lifestyle. Large-scale use of hydrogen energy logistics vehicles and large transport vehicles. This proves that hydrogen energy has entered the first step in practice. As it is used more and more widely in various places and basic equipment begins to be improved, this industry is in the initial stages of explosion.</p><p><img src=\"https://static.tigerbbs.com/342a8fe2c4689fd7b8a3357519384270\" tg-width=\"896\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">During the Beijing Winter Olympics, 600 hydrogen fuel cell buses provided hydrogenation through 5 hydrogenation stations and served in the competition area. There will be 212 100% domestically produced hydrogen fuel cell buses. Taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics have overcome many technical problems and also driven the development of domestic hydrogen energy-related technologies.</p><p>As an emerging industry, hydrogen energy also faces problems such as immature standard system, imperfect industrial chain and supporting facilities. The biggest problem with hydrogen fuel cells is not in the hydrogen production link, but in the storage, transportation and processing links. At present, the cost of hydrogen production can be controlled at about 10 yuan per kilogram, but the storage, transportation and hydrogenation links cost 30 yuan, so the cost in the middle part must be reduced.</p><p><h3><b>Breakdown of Hong Kong-stock hydrogen energy companies</b></h3>I have also written about the development of hydrogen energy several times this year, and I will count many concept Hong Kong stocks one by one. What other companies will develop hydrogen energy next year? What new forces have entered the game?</p><p>As of the end of 2020, the number of fuel cell vehicles in my country was 7,352. The construction progress of hydrogen refueling stations is gradually accelerating. By the end of 2020, 128 hydrogen refueling stations have been built. With the help of the Winter Olympics to promote the development of domestic hydrogen energy companies, and many cities have proposed hydrogen energy development plans for 2025, next year will be the year when hydrogen energy applications will be accelerated.</p><p><b>In terms of hydrogen production:</b></p><p><b>Sinopec</b></p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>Sinopec is one of the largest integrated energy and chemical companies in China. Sinopec has one base, two wings and three new industrial structures, helping to reach carbon peak and achieve carbon neutrality. The former annual hydrogen production capacity exceeded 3.9 million tons, accounting for about 11% of the national hydrogen production.</p><p><img src=\"https://static.tigerbbs.com/3090a2c3ce83255dbd688a9c03d107c6\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Sinopec plans to deploy 1,000 hydrogen refueling stations</b></p><p>At the same time, Sinopec plans to deploy 1,000 hydrogenation stations or joint oil-hydrogen stations to help hydrogen energy become Sinopec's most competitive strategic emerging business. Comprehensively promote the construction of the entire hydrogen energy industry chain, and have made breakthroughs in many fields such as hydrogen refueling stations, hydrogen production technology, hydrogen fuel cells, and hydrogen storage materials.</p><p>On September 9, Sinopec fully launched hydrogen energy services for the Winter Olympics. In the two major competition areas of Chongli and Yanqing for the Beijing Winter Olympics, Beijing Qingyuan Street Hydrogen Refueling Station, Beijing Wangquanying Hydrogen Refueling Station, Beijing Yanhua Xinglong Oil and Hydrogen Joint Construction Station, Hebei Chongli Xiwanzi Hydrogen Refueling Station, a total of 4 hydrogen refueling stations serving the Winter Olympics were officially put into operation.</p><p><b>PetroChina</b></p><p>PetroChina, like Sinopec, is a major energy and chemical company in China. On October 20, PetroChina released the \"Winter Olympics Guarantee Plan\". According to the plan, PetroChina will provide three-dimensional guarantee for the Winter Olympics from five aspects: oil, gas, hydrogen, meals and accommodation.</p><p>In terms of hydrogen energy, PetroChina is expected to provide services for 816 hydrogen fuel cell vehicles, and is expected to supply 155 tons of hydrogen energy, with a cumulative mileage of 2.32 million kilometers available for these vehicles.</p><p><b>Xuyang</b></p><p>Risun uses coke oven gas to produce hydrogen. Last year, it made every effort to develop the hydrogen energy industry. As the first batch of enterprises selected into the \"Hebei Province Hydrogen Energy Industry Key Project List in 2020\", Risun Group has the ability to produce high-purity hydrogen with a purity of 99.999%. Join hands with the Dingzhou Municipal People's Government to build a hydrogen energy application demonstration city.</p><p>Risun's multiple hydrogen energy projects are under implementation. It plans to build an oil, gas and hydrogen trinity hydrogenation station in Dingzhou, which is expected to be completed in January 2022. It is planned to build 10 hydrogen refueling stations around Hohhot in the next five years. At the same time, we will actively explore the planning and construction of the hydrogen pipeline from Qingshuihe County to Beijing. After it is laid and put into use, it will serve as an important hydrogen supply guarantee pipeline for cities along the route such as Hohhot, Zhangjiakou, and Beijing.</p><p><b>Jinma Energy</b></p><p>Jinma Energy is mainly engaged in the production of coke and coking by-products such as benzene, coal tar and raw gas. The business has covered the production, transportation, storage and other links of high-purity hydrogen, with an annual production capacity of more than 300 million cubic meters (approximately 27,000 tons).</p><p>Earlier, a joint venture agreement was entered into with Shanghai Hydrogen Maple, and the parties have agreed to establish a joint venture company in Henan Province, China. Shanghai Hydrogen Maple participates in the construction and operation of 12 hydrogen refueling stations.</p><p><b>Xintian Green Energy</b></p><p>Xintian Green Energy's annual report last year disclosed that the company, together with Hebei University of Science and Technology and other units, jointly applied for a large-scale renewable energy coupled hydrogen production key technology and application demonstration project, that is, a project that converts wind power into hydrogen energy.</p><p>It uses wind power to produce hydrogen, and now has a 10MW water electrolysis hydrogen production system.</p><p><b>GCL New Energy</b></p><p>GCL New Energy officially released the hydrogen energy strategy of listed companies at the end of July. The strategy consists of two parts: blue hydrogen and green hydrogen. Among them, the first phase of blue hydrogen aims to build an annual production of 2.3 million tons of synthetic ammonia, gradually expand capacity to a production scale of 4 million tons per year, and can supply 700,000 tons of domestic blue hydrogen. The green hydrogen goal is to build 100 comprehensive energy stations by 2025, reaching an annual production capacity of 400,000 tons.</p><p>On December 19, GCL New Energy and GCL-Poly (03800. HK) jointly announced that they had signed a long-term natural gas procurement framework agreement, which indicates that GCL New Energy will obtain a stable gas source of 5 trillion cubic meters in the future. Provide a solid guarantee for the development of the company's hydrogen energy industry.</p><p><b>Hydrogen storage and transportation</b></p><p><b>CIMC Enric</b></p><p>CIMC Enric backed by<a href=\"https://laohu8.com/S/000039\">CIMC Group</a>, has its own industrial chain advantages. CIMC Enric has made great efforts in the hydrogen energy industry in recent years. In May last year, it signed a strategic cooperation with Norwegian listed company Hexagon to jointly expand China's hydrogen storage and transportation equipment market.</p><p><img src=\"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The strategic cooperation involves the production and storage and transportation solutions of Type III and Type IV hydrogen storage bottles, as well as the production of hydrogen supply systems. The company and Angang Energy Technology Co., Ltd. started a hydrogen co-production project from coke oven gas to liquefied natural gas (LNG), and entered the hydrogen production link, which has the characteristics of great resource potential and low cost.</p><p><b>Jingcheng Electromechanical</b></p><p>In March last year, 52 million yuan was raised to build a Type IV hydrogen storage bottle production line, and on May 17 this year, a Type IV bottle with completely independent intellectual property rights was launched. At present, Type IV bottles have not been mass-produced, while Type III fully wound bottles have been put into operation, and the overall technology is relatively mature.</p><p>The main business of Jingcheng Electromechanical is the gas storage and transportation equipment manufacturing industry, which does not involve the hydrogen energy battery industry, and the sales revenue of the company's hydrogen storage bottles and other related products accounts for a relatively small proportion compared with the company's other main products. Jingcheng Electromechanical has skyrocketed for a period of time, and it is currently in the midst of a correction, so be careful when intervening.</p><p><b>Fuel Cell Technical Field</b></p><p><b>Weichai Power</b></p><p><a href=\"https://laohu8.com/S/02338\">Weichai Power</a>Acquired a 20% stake in Ceres Power in the UK for 48 million pounds, and launched a comprehensive cooperation with it in the field of solid oxide fuel cells (SOFC technology). The first phase of cooperation will jointly develop fuel cells for use in the range-extending system of electric buses.</p><p><img src=\"https://static.tigerbbs.com/5ba243084bad547384425ed0e41745e1\" tg-width=\"810\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Many heavy trucks and buses use its hydrogen fuel cell system</b></p><p>Thanks to its advantages in the field of heavy trucks, the marketization of the hydrogen energy industry is earlier than that of industry companies. Weichai Power's hydrogen fuel cell and reactor-related products are mainly supported in<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>、<a href=\"https://laohu8.com/S/600213\">Yaxing Bus</a>(b)<a href=\"https://laohu8.com/S/600066\">Yutong Bus</a>、<a href=\"https://laohu8.com/S/000951\">Sinotruk</a>Waiting for customers. Among them, Shaanxi Heavy Duty Truck is a holding subsidiary of the company, and hydrogen gas vehicles are also one of its strategic businesses.</p><p><b>Yingheng Technology</b></p><p>Yingheng Technology has strong R&D capabilities and is also a pioneer in the development of hydrogen fuel cell vehicles. The company's solutions include fuel cell controls and high-speed air compressor controllers.</p><p>Yingheng has designed a high-speed air compressor controller that can achieve speed control above 100,000 rpm. This product is also accepted by China's largest hydrogen fuel cell vehicle manufacturer. The air compressor provides the oxygen required for the electrochemical reaction inside the fuel cell. It is one of the components of the collar, and its cost accounts for 1/4 of the fuel cell engine. According to the brokerage estimate, the unit price of this product is 10,000 yuan.</p><p>Recently, a subsidiary, Shanghai Hydrogen Automotive Electronics Co., Ltd., was established. The new company originates from the Group's Fuel Cell Controller Division and will focus on the development and commercialization of hydrogen fuel cell core electronic control system.</p><p><b>Dongyue</b></p><p>Dongyue Hydrogen Energy has fully mastered the key intermediates, monomer production technology, resin raw material production technology, film formation process technology, equipment technology and quality control technology for fuel cell membrane production, and has obtained dozens of domestic and foreign patents. The first phase of its 1.5 million square meters fuel cell proton exchange membrane production line has been put into production.</p><p>Through cooperation with Mercedes-Benz, Ford, etc., Dongyue Hydrogen Energy has become one of the few companies in the world that provide mass-produced proton exchange membranes for fuel cell vehicles. Judging from the current domestic situation, the production and sales of its proton exchange membrane fuel cells are far ahead of other automotive hydrogen fuel cells.</p><p><b>Dongfang Electric</b></p><p><a href=\"https://laohu8.com/S/01072\">Dongfang Electric</a>Its subsidiary Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co., Ltd. completed capital increase and share expansion in 2020. Participating in the mixed reform of Dongfang Hydrogen Energy include Three Gorges Capital, Zhongtian Bishui, Dongfang Hydrogen Energy Fund, and Dongfang Hydrogen Energy Holding Platform. This move aims to effectively leverage the advantages of each company, integrate multiple resources, focus on solving \"stuck neck\" problems such as core components in the hydrogen energy and fuel cell industries, and realize the coordinated development, transformation and upgrading of the hydrogen energy industry chain and value chain.</p><p>Dongfang Hydrogen Energy is one of the few fuel cell companies in China that can support 100-unit hydrogen buses.</p><p><b>Shanghai Electric</b></p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>Power Station Group is the core industrial sector of Shanghai Electric, specializing in power generation equipment manufacturing, power station engineering construction and power station engineering services. Shanghai Electric has been researching proton exchange membrane fuel cell technology since 2016. After three years of independent research and development accumulation, it has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products.</p><p>In 2019, Shanghai Electric has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products with completely independent intellectual property rights. Based on this, Shanghai Electric has formed a relatively complete technical reserve and industrial competitiveness in the fuel cell system-stack-membrane electrode industry chain.</p><p><b>Hydrogen fuel cell vehicle</b></p><p>The application of hydrogen energy in the transportation field in my country follows the path of commercial vehicles developing first and passenger cars developing later. According to data from the National Testing and Management Platform for New Energy Vehicles, the number of fuel cell buses, trucks, and logistics vehicles in my country in 2020 will be 2,500, 4,070, and 780 respectively.</p><p>Among them, Zhongtong Bus, SAIC Maxus, Yutong Bus, Yaxing Bus, Foton Bus, Shanghai Sunlong and Foshan Feichi are the main companies that produce hydrogen energy vehicles.</p><p><b>GAC Group</b></p><p>Now<a href=\"https://laohu8.com/S/02238\">GAC Group</a>The pace is relatively fast. The company has released the GAC Aion LX Fuel Cell hydrogen fuel model, which was included in the recommended catalog of the Ministry of Industry and Information Technology this year. It has a top speed of 160KM/h, a cruising range of up to 650km, and hydrogen filling can be completed in 3-5 minutes. The experience of using traditional fuel vehicles is almost the same.</p><p><img src=\"https://static.tigerbbs.com/0651dd9d2fc444ca08e62c76981ecc29\" tg-width=\"640\" tg-height=\"406\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>This model was put into trial operation on the Guangzhou network car platform in October this year. The first batch of 10 vehicles will be put into operation, and 10,000 vehicles will be put into operation in four years.</p><p><b>Great Wall</b></p><p>Great Wall has released products such as a 95kW passenger car fuel cell system engine, a platform fuel cell stack that can be expanded to a maximum of 150kW, and a 70MPa high-pressure hydrogen storage bottle valve and pressure reducing valve. The 95kW passenger car fuel cell system engine has been successfully installed<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The first fuel cell SUV to be launched.</p><p><b>Qingling Motors</b></p><p>Qingling has made good progress in developing hydrogen fuel cell vehicles. On August 13, Qingling held a signing and delivery ceremony for the first batch of customers of hydrogen fuel cell vehicles in Chongqing.</p><p>Qingling Automobile and Bosch of Germany established their first hydrogen fuel cell engine joint venture company outside Chongqing, focusing on the future development direction of automobiles and taking the lead in developing hydrogen fuel cell engines and hydrogen-powered trucks. In addition, the key components required for Qingling's hydrogen-powered vehicles have been produced locally, driving the localization of upstream and downstream industrial chains.</p><p><b>Sinotruk</b></p><p>With the downward cycle of the heavy-duty truck market likely to continue into next year, the management of Sinotruk believes that it can further strengthen its industry leadership position with the launch of new models, overseas expansion and cost saving measures. Coupled with the advanced deployment of infrastructure by the state, the recovery of the heavy-duty truck market is favorable.</p><p>Sinotruk has achieved a complete product layout in the field of new energy heavy trucks. Its products cover pure electric, hybrid, hydrogen fuel cell and other power forms, and the types involve trucks, dump trucks, tractors, special vehicles, mixer trucks and other product segments.</p><p><img src=\"https://static.tigerbbs.com/afd729eb7a31014654764fe5e0c3fb89\" tg-width=\"640\" tg-height=\"456\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">China National Heavy Duty Truck said that the company delivered a self-developed snow truck equipped with fuel cells for the Winter Olympics, and its power is currently the largest in China. The Yellow River heavy-duty tractor independently developed by China National Heavy Duty Truck is equipped with WEF160 hydrogen fuel cell. It is the first 162kw fuel cell heavy-duty truck in China and achieves environmental protection and zero emissions.<b>The fuel cell system of this Huanghe brand fuel cell tractor comes from Weichai Power.</b></p><p><h3><b>epilogue</b></h3>In 2021, Hong Kong stocks will enter a bear market. Hong Kong stocks have fallen for more than 10 months, with a decline of 27%. Entering 2022, the new energy field is still one of the cores of everyone's attention. With the development of green power this year, many power stocks have risen several times, becoming a safe haven in a falling market. With the increasing proportion of green electricity, the energy storage industry and hydrogen energy are the subdivisions to be focused on next year. In addition, taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics will promote the development of hydrogen energy. Next year, hydrogen fuel cell buses, trucks, and logistics vehicles will gradually see results. More than 20 provinces and more than 40 prefecture-level cities have previously released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and many central enterprises and listed companies are also competing. The layout of hydrogen energy development is also worthy of everyone's attention.</p>","source":"gelonghui_highlight","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>What hydrogen energy companies are there in Hong Kong stocks?</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\">\nWhat hydrogen energy companies are there in Hong Kong stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-12-29 12:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What is the outlook for 2022? Different articles will be published one after another in the near future, please pay attention. Under China's two-carbon environment, new energy will still be the mainstream in 2022, and each segment in this field has different stages of development. Hydrogen fuel cell vehicles will be used during the Winter Olympics to help the development of hydrogen energy, and hydrogen energy may reach a new stage next year. What hydrogen energy industry stocks should I pay attention to in Hong Kong stocks?</p><p><h3><b>Choose between new energy sources?</b></h3>Among many sectors, in a carbon-neutral environment, new energy is still the most promising core asset. In high-prosperity tracks such as new energy vehicles and photovoltaics, the prices of upstream raw materials for photovoltaics are gradually easing, and the downstream demand for photovoltaics will be further released. At present, wind and photovoltaic power stations with energy storage projects are already standard, and next year will open a new chapter in the energy storage segment industry.</p><p>Another promising thing is the hydrogen energy industry. Since the beginning of this year, the development of domestic hydrogen energy has been booming. At present, more than 20 provinces and more than 40 prefecture-level cities have released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and hydrogen energy and fuel subsidy support policies related to the cell industry have been introduced. Many central enterprises and listed companies are also competing to develop hydrogen energy.</p><p><img src=\"https://static.tigerbbs.com/b1524405382daa3e7f4bef15fc32ee51\" tg-width=\"504\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>At the beginning of this year, hydrogen energy was included in the national 14th Five-Year Plan and the outline of long-term goals for 2035, and a series of policies were accelerated. Recently, the five departments jointly issued the \"Notice on Starting the Demonstration Application of Fuel Cell Vehicles\". The urban agglomerations submitted by Beijing, Shanghai, and Guangdong Province became the first batch of demonstration cities. During the four-year demonstration period, each urban agglomeration can receive up to 1.7 billion yuan in central fiscal funds.</p><p><h3><b>Hydrogen energy enters practical stage</b></h3>In the upcoming 2022 Beijing Winter Olympics, hydrogen energy will continue to exert its strength. Many Chinese hydrogen energy brands will support green + technology for the Beijing Winter Olympics and will also lead the future human lifestyle. Large-scale use of hydrogen energy logistics vehicles and large transport vehicles. This proves that hydrogen energy has entered the first step in practice. As it is used more and more widely in various places and basic equipment begins to be improved, this industry is in the initial stages of explosion.</p><p><img src=\"https://static.tigerbbs.com/342a8fe2c4689fd7b8a3357519384270\" tg-width=\"896\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">During the Beijing Winter Olympics, 600 hydrogen fuel cell buses provided hydrogenation through 5 hydrogenation stations and served in the competition area. There will be 212 100% domestically produced hydrogen fuel cell buses. Taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics have overcome many technical problems and also driven the development of domestic hydrogen energy-related technologies.</p><p>As an emerging industry, hydrogen energy also faces problems such as immature standard system, imperfect industrial chain and supporting facilities. The biggest problem with hydrogen fuel cells is not in the hydrogen production link, but in the storage, transportation and processing links. At present, the cost of hydrogen production can be controlled at about 10 yuan per kilogram, but the storage, transportation and hydrogenation links cost 30 yuan, so the cost in the middle part must be reduced.</p><p><h3><b>Breakdown of Hong Kong-stock hydrogen energy companies</b></h3>I have also written about the development of hydrogen energy several times this year, and I will count many concept Hong Kong stocks one by one. What other companies will develop hydrogen energy next year? What new forces have entered the game?</p><p>As of the end of 2020, the number of fuel cell vehicles in my country was 7,352. The construction progress of hydrogen refueling stations is gradually accelerating. By the end of 2020, 128 hydrogen refueling stations have been built. With the help of the Winter Olympics to promote the development of domestic hydrogen energy companies, and many cities have proposed hydrogen energy development plans for 2025, next year will be the year when hydrogen energy applications will be accelerated.</p><p><b>In terms of hydrogen production:</b></p><p><b>Sinopec</b></p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>Sinopec is one of the largest integrated energy and chemical companies in China. Sinopec has one base, two wings and three new industrial structures, helping to reach carbon peak and achieve carbon neutrality. The former annual hydrogen production capacity exceeded 3.9 million tons, accounting for about 11% of the national hydrogen production.</p><p><img src=\"https://static.tigerbbs.com/3090a2c3ce83255dbd688a9c03d107c6\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Sinopec plans to deploy 1,000 hydrogen refueling stations</b></p><p>At the same time, Sinopec plans to deploy 1,000 hydrogenation stations or joint oil-hydrogen stations to help hydrogen energy become Sinopec's most competitive strategic emerging business. Comprehensively promote the construction of the entire hydrogen energy industry chain, and have made breakthroughs in many fields such as hydrogen refueling stations, hydrogen production technology, hydrogen fuel cells, and hydrogen storage materials.</p><p>On September 9, Sinopec fully launched hydrogen energy services for the Winter Olympics. In the two major competition areas of Chongli and Yanqing for the Beijing Winter Olympics, Beijing Qingyuan Street Hydrogen Refueling Station, Beijing Wangquanying Hydrogen Refueling Station, Beijing Yanhua Xinglong Oil and Hydrogen Joint Construction Station, Hebei Chongli Xiwanzi Hydrogen Refueling Station, a total of 4 hydrogen refueling stations serving the Winter Olympics were officially put into operation.</p><p><b>PetroChina</b></p><p>PetroChina, like Sinopec, is a major energy and chemical company in China. On October 20, PetroChina released the \"Winter Olympics Guarantee Plan\". According to the plan, PetroChina will provide three-dimensional guarantee for the Winter Olympics from five aspects: oil, gas, hydrogen, meals and accommodation.</p><p>In terms of hydrogen energy, PetroChina is expected to provide services for 816 hydrogen fuel cell vehicles, and is expected to supply 155 tons of hydrogen energy, with a cumulative mileage of 2.32 million kilometers available for these vehicles.</p><p><b>Xuyang</b></p><p>Risun uses coke oven gas to produce hydrogen. Last year, it made every effort to develop the hydrogen energy industry. As the first batch of enterprises selected into the \"Hebei Province Hydrogen Energy Industry Key Project List in 2020\", Risun Group has the ability to produce high-purity hydrogen with a purity of 99.999%. Join hands with the Dingzhou Municipal People's Government to build a hydrogen energy application demonstration city.</p><p>Risun's multiple hydrogen energy projects are under implementation. It plans to build an oil, gas and hydrogen trinity hydrogenation station in Dingzhou, which is expected to be completed in January 2022. It is planned to build 10 hydrogen refueling stations around Hohhot in the next five years. At the same time, we will actively explore the planning and construction of the hydrogen pipeline from Qingshuihe County to Beijing. After it is laid and put into use, it will serve as an important hydrogen supply guarantee pipeline for cities along the route such as Hohhot, Zhangjiakou, and Beijing.</p><p><b>Jinma Energy</b></p><p>Jinma Energy is mainly engaged in the production of coke and coking by-products such as benzene, coal tar and raw gas. The business has covered the production, transportation, storage and other links of high-purity hydrogen, with an annual production capacity of more than 300 million cubic meters (approximately 27,000 tons).</p><p>Earlier, a joint venture agreement was entered into with Shanghai Hydrogen Maple, and the parties have agreed to establish a joint venture company in Henan Province, China. Shanghai Hydrogen Maple participates in the construction and operation of 12 hydrogen refueling stations.</p><p><b>Xintian Green Energy</b></p><p>Xintian Green Energy's annual report last year disclosed that the company, together with Hebei University of Science and Technology and other units, jointly applied for a large-scale renewable energy coupled hydrogen production key technology and application demonstration project, that is, a project that converts wind power into hydrogen energy.</p><p>It uses wind power to produce hydrogen, and now has a 10MW water electrolysis hydrogen production system.</p><p><b>GCL New Energy</b></p><p>GCL New Energy officially released the hydrogen energy strategy of listed companies at the end of July. The strategy consists of two parts: blue hydrogen and green hydrogen. Among them, the first phase of blue hydrogen aims to build an annual production of 2.3 million tons of synthetic ammonia, gradually expand capacity to a production scale of 4 million tons per year, and can supply 700,000 tons of domestic blue hydrogen. The green hydrogen goal is to build 100 comprehensive energy stations by 2025, reaching an annual production capacity of 400,000 tons.</p><p>On December 19, GCL New Energy and GCL-Poly (03800. HK) jointly announced that they had signed a long-term natural gas procurement framework agreement, which indicates that GCL New Energy will obtain a stable gas source of 5 trillion cubic meters in the future. Provide a solid guarantee for the development of the company's hydrogen energy industry.</p><p><b>Hydrogen storage and transportation</b></p><p><b>CIMC Enric</b></p><p>CIMC Enric backed by<a href=\"https://laohu8.com/S/000039\">CIMC Group</a>, has its own industrial chain advantages. CIMC Enric has made great efforts in the hydrogen energy industry in recent years. In May last year, it signed a strategic cooperation with Norwegian listed company Hexagon to jointly expand China's hydrogen storage and transportation equipment market.</p><p><img src=\"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The strategic cooperation involves the production and storage and transportation solutions of Type III and Type IV hydrogen storage bottles, as well as the production of hydrogen supply systems. The company and Angang Energy Technology Co., Ltd. started a hydrogen co-production project from coke oven gas to liquefied natural gas (LNG), and entered the hydrogen production link, which has the characteristics of great resource potential and low cost.</p><p><b>Jingcheng Electromechanical</b></p><p>In March last year, 52 million yuan was raised to build a Type IV hydrogen storage bottle production line, and on May 17 this year, a Type IV bottle with completely independent intellectual property rights was launched. At present, Type IV bottles have not been mass-produced, while Type III fully wound bottles have been put into operation, and the overall technology is relatively mature.</p><p>The main business of Jingcheng Electromechanical is the gas storage and transportation equipment manufacturing industry, which does not involve the hydrogen energy battery industry, and the sales revenue of the company's hydrogen storage bottles and other related products accounts for a relatively small proportion compared with the company's other main products. Jingcheng Electromechanical has skyrocketed for a period of time, and it is currently in the midst of a correction, so be careful when intervening.</p><p><b>Fuel Cell Technical Field</b></p><p><b>Weichai Power</b></p><p><a href=\"https://laohu8.com/S/02338\">Weichai Power</a>Acquired a 20% stake in Ceres Power in the UK for 48 million pounds, and launched a comprehensive cooperation with it in the field of solid oxide fuel cells (SOFC technology). The first phase of cooperation will jointly develop fuel cells for use in the range-extending system of electric buses.</p><p><img src=\"https://static.tigerbbs.com/5ba243084bad547384425ed0e41745e1\" tg-width=\"810\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Many heavy trucks and buses use its hydrogen fuel cell system</b></p><p>Thanks to its advantages in the field of heavy trucks, the marketization of the hydrogen energy industry is earlier than that of industry companies. Weichai Power's hydrogen fuel cell and reactor-related products are mainly supported in<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>、<a href=\"https://laohu8.com/S/600213\">Yaxing Bus</a>(b)<a href=\"https://laohu8.com/S/600066\">Yutong Bus</a>、<a href=\"https://laohu8.com/S/000951\">Sinotruk</a>Waiting for customers. Among them, Shaanxi Heavy Duty Truck is a holding subsidiary of the company, and hydrogen gas vehicles are also one of its strategic businesses.</p><p><b>Yingheng Technology</b></p><p>Yingheng Technology has strong R&D capabilities and is also a pioneer in the development of hydrogen fuel cell vehicles. The company's solutions include fuel cell controls and high-speed air compressor controllers.</p><p>Yingheng has designed a high-speed air compressor controller that can achieve speed control above 100,000 rpm. This product is also accepted by China's largest hydrogen fuel cell vehicle manufacturer. The air compressor provides the oxygen required for the electrochemical reaction inside the fuel cell. It is one of the components of the collar, and its cost accounts for 1/4 of the fuel cell engine. According to the brokerage estimate, the unit price of this product is 10,000 yuan.</p><p>Recently, a subsidiary, Shanghai Hydrogen Automotive Electronics Co., Ltd., was established. The new company originates from the Group's Fuel Cell Controller Division and will focus on the development and commercialization of hydrogen fuel cell core electronic control system.</p><p><b>Dongyue</b></p><p>Dongyue Hydrogen Energy has fully mastered the key intermediates, monomer production technology, resin raw material production technology, film formation process technology, equipment technology and quality control technology for fuel cell membrane production, and has obtained dozens of domestic and foreign patents. The first phase of its 1.5 million square meters fuel cell proton exchange membrane production line has been put into production.</p><p>Through cooperation with Mercedes-Benz, Ford, etc., Dongyue Hydrogen Energy has become one of the few companies in the world that provide mass-produced proton exchange membranes for fuel cell vehicles. Judging from the current domestic situation, the production and sales of its proton exchange membrane fuel cells are far ahead of other automotive hydrogen fuel cells.</p><p><b>Dongfang Electric</b></p><p><a href=\"https://laohu8.com/S/01072\">Dongfang Electric</a>Its subsidiary Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co., Ltd. completed capital increase and share expansion in 2020. Participating in the mixed reform of Dongfang Hydrogen Energy include Three Gorges Capital, Zhongtian Bishui, Dongfang Hydrogen Energy Fund, and Dongfang Hydrogen Energy Holding Platform. This move aims to effectively leverage the advantages of each company, integrate multiple resources, focus on solving \"stuck neck\" problems such as core components in the hydrogen energy and fuel cell industries, and realize the coordinated development, transformation and upgrading of the hydrogen energy industry chain and value chain.</p><p>Dongfang Hydrogen Energy is one of the few fuel cell companies in China that can support 100-unit hydrogen buses.</p><p><b>Shanghai Electric</b></p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>Power Station Group is the core industrial sector of Shanghai Electric, specializing in power generation equipment manufacturing, power station engineering construction and power station engineering services. Shanghai Electric has been researching proton exchange membrane fuel cell technology since 2016. After three years of independent research and development accumulation, it has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products.</p><p>In 2019, Shanghai Electric has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products with completely independent intellectual property rights. Based on this, Shanghai Electric has formed a relatively complete technical reserve and industrial competitiveness in the fuel cell system-stack-membrane electrode industry chain.</p><p><b>Hydrogen fuel cell vehicle</b></p><p>The application of hydrogen energy in the transportation field in my country follows the path of commercial vehicles developing first and passenger cars developing later. According to data from the National Testing and Management Platform for New Energy Vehicles, the number of fuel cell buses, trucks, and logistics vehicles in my country in 2020 will be 2,500, 4,070, and 780 respectively.</p><p>Among them, Zhongtong Bus, SAIC Maxus, Yutong Bus, Yaxing Bus, Foton Bus, Shanghai Sunlong and Foshan Feichi are the main companies that produce hydrogen energy vehicles.</p><p><b>GAC Group</b></p><p>Now<a href=\"https://laohu8.com/S/02238\">GAC Group</a>The pace is relatively fast. The company has released the GAC Aion LX Fuel Cell hydrogen fuel model, which was included in the recommended catalog of the Ministry of Industry and Information Technology this year. It has a top speed of 160KM/h, a cruising range of up to 650km, and hydrogen filling can be completed in 3-5 minutes. The experience of using traditional fuel vehicles is almost the same.</p><p><img src=\"https://static.tigerbbs.com/0651dd9d2fc444ca08e62c76981ecc29\" tg-width=\"640\" tg-height=\"406\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>This model was put into trial operation on the Guangzhou network car platform in October this year. The first batch of 10 vehicles will be put into operation, and 10,000 vehicles will be put into operation in four years.</p><p><b>Great Wall</b></p><p>Great Wall has released products such as a 95kW passenger car fuel cell system engine, a platform fuel cell stack that can be expanded to a maximum of 150kW, and a 70MPa high-pressure hydrogen storage bottle valve and pressure reducing valve. The 95kW passenger car fuel cell system engine has been successfully installed<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The first fuel cell SUV to be launched.</p><p><b>Qingling Motors</b></p><p>Qingling has made good progress in developing hydrogen fuel cell vehicles. On August 13, Qingling held a signing and delivery ceremony for the first batch of customers of hydrogen fuel cell vehicles in Chongqing.</p><p>Qingling Automobile and Bosch of Germany established their first hydrogen fuel cell engine joint venture company outside Chongqing, focusing on the future development direction of automobiles and taking the lead in developing hydrogen fuel cell engines and hydrogen-powered trucks. In addition, the key components required for Qingling's hydrogen-powered vehicles have been produced locally, driving the localization of upstream and downstream industrial chains.</p><p><b>Sinotruk</b></p><p>With the downward cycle of the heavy-duty truck market likely to continue into next year, the management of Sinotruk believes that it can further strengthen its industry leadership position with the launch of new models, overseas expansion and cost saving measures. Coupled with the advanced deployment of infrastructure by the state, the recovery of the heavy-duty truck market is favorable.</p><p>Sinotruk has achieved a complete product layout in the field of new energy heavy trucks. Its products cover pure electric, hybrid, hydrogen fuel cell and other power forms, and the types involve trucks, dump trucks, tractors, special vehicles, mixer trucks and other product segments.</p><p><img src=\"https://static.tigerbbs.com/afd729eb7a31014654764fe5e0c3fb89\" tg-width=\"640\" tg-height=\"456\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">China National Heavy Duty Truck said that the company delivered a self-developed snow truck equipped with fuel cells for the Winter Olympics, and its power is currently the largest in China. The Yellow River heavy-duty tractor independently developed by China National Heavy Duty Truck is equipped with WEF160 hydrogen fuel cell. It is the first 162kw fuel cell heavy-duty truck in China and achieves environmental protection and zero emissions.<b>The fuel cell system of this Huanghe brand fuel cell tractor comes from Weichai Power.</b></p><p><h3><b>epilogue</b></h3>In 2021, Hong Kong stocks will enter a bear market. Hong Kong stocks have fallen for more than 10 months, with a decline of 27%. Entering 2022, the new energy field is still one of the cores of everyone's attention. With the development of green power this year, many power stocks have risen several times, becoming a safe haven in a falling market. With the increasing proportion of green electricity, the energy storage industry and hydrogen energy are the subdivisions to be focused on next year. In addition, taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics will promote the development of hydrogen energy. Next year, hydrogen fuel cell buses, trucks, and logistics vehicles will gradually see results. More than 20 provinces and more than 40 prefecture-level cities have previously released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and many central enterprises and listed companies are also competing. The layout of hydrogen energy development is also worthy of everyone's attention.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/503161\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951","relate_stocks":{"BK1594":"碳中和概念股","03800":"协鑫科技","BK1554":"光伏太阳能股","BK4144":"石油与天然气的储存和运输","BK1169":"半导体设备","LNG":"Cheniere Energy Inc"},"source_url":"http://www.gelonghui.com/p/503161","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2194634480","content_text":"2022年有什么展望，最近会陆续推出不同文章请大家留意。中国两碳环境下，2022年新能源仍是主流，在这个领域各细分版块都有不同的发展阶段。冬奥期间使用氢燃料电池汽车，助力氢能发展，明年氢能或再上新阶段。港股中有什么氢能产业股可留意呢？\n新能源中选择？\n在众多版块中，在碳中和的环境下，新能源依然是最看好的核心资产。新能源汽车、光伏等高景气度赛道，光伏的上游原材料价格逐步缓解，光伏下游需求将进一步释放。现时，风光电发电站配储能项目已经是标配，明年打开储能细分行业的新篇章。\n另一个看好的是氢能行业，今年以来国内氢能发展热度高涨，目前已有20多个省份、40多个地级市发布氢能规划，规划产业规模超过万亿元，并出台氢能及燃料电池产业相关补贴扶持政策。众多央企和上市公司也竞相布局氢能发展。\n\n今年年初，氢能被纳入国家「十四五」规划和2035年远景目标纲要，一系列政策加速落地。近期，五部门联合发布《关于启动燃料电池汽车示范应用工作的通知》，北京市、上海市、广东省所报送的城市群成为首批示范城市，4年示范期内，每个城市群最高可获得17亿元中央财政资金奖补。\n氢能进入实用阶段\n即将到来的2022北京冬奥会，氢能将继续发力。众多中国的氢能品牌，将为北京冬奥助力绿色+科技，也将引领未来人类的生活方式。大规模使用氢能物流车及大型运输车试验。这证明了氢能进入实际应该中的第一步，随着各地使用越来越广，基本设备开始完善，这个行业正处于爆发的初阶段。\n北京冬奥会期间，有氫燃料电池客车600輛客車通过5座加氢站提供加氢，在赛区服务。其中将有212辆「100%国产」氢燃料电池客车。借着冬奥的机遇，参与服务冬奥的本土氢能企业，在技术上攻克了多项难题，也带动了国产氢能相关技术的发展。\n作为新兴产业，氢能还面临标准体系不成熟、产业链和配套设施不完善等问题。氢燃料电池最大的问题不在制氢环节，而在储、运、加环节。现时制氢成本可以控制在每公斤10元左右，但储、运和加氢环节要30元，必须把中间这部分成本降下来。\n细数港股氢能企业\n今年也写过数次氢能发展，多只概念港股逐只数给大家。明年还有那些企业在氢能布局氢能发展呢？有那些新势力入局？\n截止 2020年底，我国燃料电池汽车保有量7352辆。加氢站建设进度逐步加快，截止 2020 年底，加氢站建成 128 座。借助冬奥带动国产氢能企业发展，加上多个城市提出2025年氢能发展计划，明年是氢能应用提速的年份。\n制氢方面：\n中国石化\n中石化是中国最大的一体化能源化工公司之一，中石化「一基两翼三新」产业格局，助力碳达峰、碳中和。前氢气年产能力超390万吨，占全国氢气产量的11%左右。\n中石化规划布局1000座加氢站\n同时，中石化规划布局1000座加氢站或油氢合建站，助力氢能成为中国石化最具竞争力的战略新兴业务。全面推进氢能全产业链建设，已在加氢站、制氢技术、氢燃料电池、储氢材料等多个领域取得突破。\n9月9日，中国石化为冬奥氢能服务全面启动，在北京冬奥崇礼和延庆两大赛区，北京庆园街加氢站、北京王泉营加氢站、北京燕化兴隆油氢合建站、河北崇礼西湾子加氢站，共4座服务冬奥的加氢站正式投营。\n中国石油\n中国石油跟中石化一样，都是中国主要能源化工公司。10月20日，中国石油发布《冬奥保障计划》。按照计划，中国石油将从油、气、氢、餐、宿等五个方面为冬奥提供立体保障。\n在氢能方面，中国石油预计将为816辆氢燃料电池车提供服务，预计供应氢能155吨，可供这些车辆行驶里程累计达232万公里。\n旭阳\n旭阳以焦炉煤气制氢，去年全力发展氢能产业，旭阳集团作为入选第一批《河北省2020年氢能产业重点项目清单》的企业，具备了生产纯度99.999%高纯氢的能力，与定州市人民政府携手共建氢能应用示范城市。\n旭阳的多个氢能项目在正推行中，拟在定州建设一座油气氢三位一体加氢站，预计2022年1月建成。计划在未来5年内，在呼和浩特周边建设10座加氢站。同时还将积极探索清水河县到北京氢气管道规划建设，铺设投用后作为呼和浩特、张家口、北京等沿线城市一个重要的氢气供应保障管道。\n金马能源\n金马能源是主要从事于，生产焦炭及生产苯、煤焦油及荒煤气等焦化副产品。业务已覆盖高纯度氢气之生产、输送、储存等环节，年产能逾3亿立方米(约2.7万吨)。\n早前，与上海氢枫订立合资协议，订约方已同意于中国河南省成立一家合资公司。上海氢枫参与12所加氢站的建设与运营。\n新天绿能\n新天绿能去年年报披露，该公司联合河北科技大学等单位共同申报的「大规模可再生能源耦合制氢关键技术及应用示范」项目，即以风电转化为氢能的项目。\n以风电制氢，现正拥有10MW的电解水制氢系统。\n协鑫新能源\n协鑫新能源在7月底正式对外发布了上市公司氢能战略。该战略由蓝氢和绿氢两部分构成。其中，蓝氢首期目标是建成年産230万吨合成氨，逐步扩能至每年400万吨生産规模，可供应国内70万吨蓝氢。绿氢目标是计划到2025年建设100座综合能源站，达到40万吨年産能。\n12月19日，协鑫新能源与保利协鑫(03800.HK)联合发布公告称，签署天然气长期采购框架协议，这标志着协鑫新能源未来将获得5万亿立方米的稳定气源，为公司氢能产业发展提供坚实的保障。\n储运氢方面\n中集安瑞科\n中集安瑞科背靠中集集团，有着自身的产业链优势。中集安瑞科近年于氢能行业大力布局，去年5月与挪威上市公司Hexagon签署了战略合作，共同拓展中国氢气储运装备市场。\n\n战略合作涉及三型和四型储氢瓶的生产和储运解决方案，以及供氢系统的生产。公司与鞍钢能源科技公司启动焦炉气制液化天然气(LNG)联产氢气项目，进入制氢环节，具有资源潜力大、成本低等特点。\n京城机电\n去年3月募集5200万进行Ⅳ型储氢瓶生产线的建设，并于今年5月17日推出了完全自主知识产权的Ⅳ型瓶。目前Ⅳ型瓶还没有量产，Ⅲ型全缠绕型瓶已运营，技术整体相对成熟。\n京城机电主营业务为气体储运装备制造业，不涉及氢能源电池行业，且公司储氢瓶等相关产品的销售收入相比公司其他主营产品占比较小。京城机电暴涨一段，现时正在回调中，介入要小心。\n燃料电池技术领域\n潍柴动力\n潍柴动力以4,800万英镑收购英国锡里斯（Ceres Power）20%的股份，与其在固态氧化物燃料电池（SOFC技术）领域展开全面合作，首期合作将联合开发款燃料电池用于电动客车增程系统。\n多间重卡及公交车使用其氢燃料电池系统\n得益于自身在重卡领域的优势，在氢能产业的市场化相对行业企业较早。潍柴动力的氢燃料电池、反应堆相关产品主要配套于中通客车、亚星客车及宇通客车、中国重汽等客户。其中陕重汽为公司的控股子公司，是氢燃气整车也是其战略业务之一。\n英恒科技\n英恒科技具有强大的研发能力，也是氢燃料电池汽车开发的先行者。该公司的解决方案包括燃料电池控制和高速空气压缩机控制器。\n英恒设计了一种高速空压机控制器，该控制器可实现 100,000 rpm 以上的转速控制，该产品亦被中国最大的氢燃料电池汽车制造商所接受。空压机是为燃料电池内部进行的电化学反应提供所需的氧气，是关铤部件之一，成本占燃料电池发动机的1/4，据券商估计这产品单价1万元。\n近期还成立了子公司上海氢恒汽车电子有限公司。新公司源自集团燃料电池控制器事业部,将专注于氢燃料电池核心电控系统的开发以及商业化。\n东岳\n东岳氢能已完全掌握燃料电池膜生产用关键中间体、单体生产技术、树脂原料生产技术、成膜过程技术、装备技术以及质量控制技术，且已取得数十项国内外专利。其150万平方米燃料电池质子交换膜生产线一期已经投产。\n东岳氢能通过与奔驰、福特等合作，成为全球极少数为燃料电池汽车提供量产质子交换膜的企业之一。从目前国内情况看，其质子交换膜燃料电池的产销量遥遥领先于其他车用氢燃料电池。\n东方电气\n东方电气旗下子公司东方电气（成都）氢燃料电池科技有限公司在2020年完成增资扩股，参与东方氢能混改的有三峡资本、中天碧水、东方氢能基金、东方氢能持股平台。此举旨在有效发挥各家优势，整合多方资源，着力解决氢能及燃料电池产业环节核心零部件等“卡脖子”问题，实现氢能产业链、价值链协同发展和转型升级。\n东方氢能是国内少数能够配套100台级氢能客车的燃料电池企业之一。\n上海电气\n上海电气电站集团是上海电气核心产业板块，专业从事发电设备制造、电站工程建设和电站工程服务等。上海电气自2016年开始研究质子交换膜燃料电池技术，经过三年的自主研发积累，成功开发出燃料电池发动机系统、电堆及膜电极技术和产品。\n2019年，上海电气已成功开发出具有完全自主知识产权的燃料电池发动机系统、电堆及膜电极技术和产品。基于此，上海电气在燃料电池系统-电堆-膜电极产业链上，已形成较完整的技术储备和产业化竞争力。\n氢燃料电池汽车\n我国氢能源在交通领域的应用遵循商用车先发展，乘用车后发展的路径。根据新能源汽车国家检测与管理平台的数据显示，2020年我国燃料电池客车、货车、物流车保有量分别为 2500辆、4070辆、780辆。\n其中中通客车、上汽大通、宇通客车、亚星客车、福田客车、上海申龙以及佛山飞驰为主力生产氢能整车的企业。\n广汽集团\n现以广汽集团步伐比较快，公司已经发布了广汽埃安Aion LX Fuel Cell氢燃料车型，并于今年纳入工信部推荐目录，最高时速160KM/h，续航里程高达650km，且3-5分钟就可完成氢气加注工作，与传统的燃油车使用体验几乎无异。\n\n该款车型于今年十月在广州网约车平台试运行，首批投放为10辆，四年将会投放10000辆。\n长城\n长城发布了95kW乘用车燃料电池系统发动机、最大可拓展至150kW的平台化燃料电池堆及70MPa高压储氢瓶阀及减压阀等产品。95kW乘用车燃料电池系统发动机目前已成功搭载长城汽车即将推出的首款燃料电池SUV。\n庆铃汽车\n庆铃发展氢燃料电池车有良好进展，在8月13日，庆铃在重庆举行氢燃料电池车首批客户签约及交车仪式。\n庆铃汽车与德国博世在重庆成立其本土以外的首个氢燃料电池发动机合资公司，聚焦汽车未来发展方向，率先布局发展氢燃料电池发动机和氢动力卡车。此外，庆铃氢动力车辆所需关键零部件已经实现现地化生产，带动上下游产业链本土化。\n中国重汽\n重型卡车市场的下行周期可能持续到明年，中国重汽管理层相信在推出新型号、海外扩张及节省成本措施下，可进一步巩固其行业领导地位。加上国家提出超前布署基建，有利重卡市场复甦。\n中国重汽在新能源重卡领域已实现完善的产品布局，产品覆盖纯电、混合动力、氢燃料电池等动力形式，类型涉及载货车、自卸车、牵引车、专用车、搅拌车等多个产品细分领域。\n中国重汽称，公司为冬奥会交付了自主研发的搭载燃料电池的雪拉车，它的功率也是目前国内最大的。中国重汽自主研发的黄河重型牵引车，搭载WEF160氢燃料电池，是国内首台162kw燃料电池重卡，实现了环保零排放。这款黄河牌燃料电池牵引车的燃料电池系统来自潍柴动力。\n结语\n2021年港股进入熊市，港股下跌了10个多月，下跌幅度也达27%。进入2022年，新能源领域仍是大家关注的核心之一。今年的绿电发力，多只电力股上涨数倍，成为跌市中的避风港。随着绿电的占比越来越大，储能行业及氢能是明年重点关注的细分版块。另外，借着冬奥的机遇，参与服务冬奥的本土氢能企业，促进氢能发展。明年氢能燃料电池客车、货车、物流车上渐见成果，前已有20多个省份、40多个地级市发布氢能规划，规划产业规模超过万亿元，众多央企和上市公司也竞相布局氢能发展也值得大家留意。","news_type":1,"symbols_score_info":{"03800":0.9,"LNG":0.9}},"isVote":1,"tweetType":1,"viewCount":2957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009210455,"gmtCreate":1640685339136,"gmtModify":1676533534040,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009210455","repostId":"1118962717","repostType":4,"repost":{"id":"1118962717","kind":"news","pubTimestamp":1640684731,"share":"https://ttm.financial/m/news/1118962717?lang=en_US&edition=fundamental","pubTime":"2021-12-28 17:45","market":"us","language":"zh","title":"Slots may become history, Apple's next \"non-porous\" goal may be it","url":"https://stock-news.laohu8.com/highlight/detail?id=1118962717","media":"华尔街见闻","summary":"据报道，近期有分析师预测苹果可能会在部分国家和地区尝试推出没有实体SIM卡的iPhone，使用eSIM技术，具体将从iPhone 15 Pro开始。\n而最新消息显示，该转变可能会提前。目前，苹果已经建","content":"<p>According to reports, some analysts recently predicted that Apple may try to launch iPhones without physical SIM cards in some countries and regions, using eSIM technology, specifically starting with the iPhone 15 Pro.</p><p>The latest news shows that the shift may be advanced. Currently, Apple has advised several major U.S. carriers to prepare for eSIM-only smartphones to be released in September 2022.</p><p>According to the report, at present, the whole mobile phone industry recognizes non-porosity to improve the overall integrity of mobile phones. Apple has not surprisingly played a vanguard role in this direction. First, it replaced the physical buttons on the front with linear motors to simulate touch, and also led the wave of removing the 3.5 mm headphone jack. By the way, it also used AirPods to create a potential scale of 100 billion. The true wireless headphone market.</p><p>Removing the physical card slot is expected to further improve the dustproof and waterproof performance of the whole machine.</p><p><b>What is an eSIM card and what are the advantages?</b></p><p>An eSIM card, also known as an embedded SIM card, embeds a traditional SIM card directly into the device chip instead of being added to the device as an independent removable component. Take the mobile phone calling card as an example. Now, if our mobile phone wants to make a call, we need to go to the business hall to buy a calling card and insert it. However, if it is an eSIM card, it is not necessary, because it itself is in the chip.</p><p>Compared with traditional SIM, eSIM has the advantages of small size, low cost, convenience, flexibility, security, cross-regional deployment, and remote management.</p><p>Specifically, the highly integrated eSIM solution can first solve the problem that the SIM card slot takes up a lot of mobile phone space. Although the SIM card is already very small now, the card slot will still restrict the appearance design and battery capacity of mobile phones or wearables as mobile phones become thinner and lighter.</p><p>In addition, the SIM card slot also affects the waterproof performance of the phone, while eSIM is integrated inside the phone and does not need to be slotted on the body, which can improve the waterproof level of the phone.</p><p>With the eSIM solution, each mobile terminal can independently use the mobile network to surf the Internet and even make phone calls. Your various devices will never become \"bricks\" without WiFi.</p><p>For operators, users can save a huge expense without SIM cards. After all, the number of their users is calculated in hundreds of millions.</p><p>The advantages of eSIM are not limited to the ease of use of mobile phones and wearable devices. Its advantages are also reflected in harsh environment applications. For example, when running in a high-temperature, low-temperature, and high-vibration environment, the plug-in and unplug card of the device is very easily damaged, and eSIM can perfectly solve these problems.</p><p><b>Demand for eSIM explodes exponentially in the Internet of Things era</b></p><p>As the penetration rate of mobile communication terminal market in the global market exceeds 100% and tends to be saturated, the further expansion of traditional SIM card business has encountered bottlenecks, and the rapid rise of the Internet of Things has brought a new dawn to eSIM cards.</p><p>According to a research report from Huachuang Securities, eSIM is built into the device, allowing users to choose operator packages more flexibly, or change operators at any time without unlocking the device or purchasing a new device. This development is in line with the change of SIM cards from large to small. The trend of changing from real to virtual will meet the connection needs of tens of billions of devices in the Internet of Things.</p><p>According to calculations by China Merchants Securities, assuming that the number of IoT connections reaches 24 billion in 2020 and 100 billion in 2025, the demand for SIM based on cellular IoT management will reach more than 30 billion, and eSIM will occupy the majority of IoT SIM. market.</p><p><b>Even if we consider charging a fee of 1 yuan per eSIM in the future, it will correspond to a new market of more than 30 billion yuan</b>，<b>It is 6 times the current traditional SIM market of 5 billion</b>, if you consider the SIM service management market, the market size is even larger.</p><p>Because of this, the three major operators have been maintaining an active layout of eSIM.</p><p><b>The ultimate form that analysts are optimistic about-super eSIM card</b></p><p>In fact, in addition to the eSIM card, Pacific Securities recently mentioned a super SIM card in a research report, which contains an encryption chip and NFC function, and can be used as a meal card, access control card, transportation card, and car key offline; Financial security authentication, 5G electronic signature and large-amount transfers can be carried out online.</p><p>In June this year, China Mobile centrally purchased 111.4 million super SIM cards, and eight companies including Wuhan Tianyu, Hengbao, Chutianlong, Eastcom and other companies won the bid.</p><p>Super SIM card is a new generation SIM card product with large capacity storage function and high security data processing function. This product supports mobile phones in the form of \"single Nano + storage\", providing users with ultra-large capacity, secure storage, one-button changeover, and call, SMS and data traffic functions supported by SIM cards</p><p>Pacific Securities pointed out that the super SIM card can solve the three major pain points of insufficient human terminal storage, difficulty in one-click replacement, and operators' desire for traffic entrance, and will explode with the 5G replacement tide.</p><p>In addition, the central bank promotes dual offline digital currencies,<b>Super SIM cards are also hard carriers for hard wallets</b>。</p><p>Pacific Securities stated that the 5G super SIM card can be integrated with digital currency payment applications to form a 5G super SIM card digital currency wallet, breaking through the \"wallet\" that currently only exists in the form of application software, encrypting storage from the chip layer, and realizing \"digital assets\" at the same time. Secure storage \"and\" identity security authentication \", one card has multiple functions.</p><p>It believes that with the advancement of 5G and digital currency in the future, the form and function of SIM cards will undergo revolutionary changes. Operators will use SIM cards as the entrance to the Internet of Everything, digital authentication and application expansion, and the state will use SIM cards as the hardware carrier of national credit.<b>eSIM and super SIM will be the categories that will explode in the future of the Internet of Things, mobile terminals, and hard wallets.</b></p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Slots may become history, Apple's next \"non-porous\" goal may be it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSlots may become history, Apple's next \"non-porous\" goal may be it\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-28 17:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to reports, some analysts recently predicted that Apple may try to launch iPhones without physical SIM cards in some countries and regions, using eSIM technology, specifically starting with the iPhone 15 Pro.</p><p>The latest news shows that the shift may be advanced. Currently, Apple has advised several major U.S. carriers to prepare for eSIM-only smartphones to be released in September 2022.</p><p>According to the report, at present, the whole mobile phone industry recognizes non-porosity to improve the overall integrity of mobile phones. Apple has not surprisingly played a vanguard role in this direction. First, it replaced the physical buttons on the front with linear motors to simulate touch, and also led the wave of removing the 3.5 mm headphone jack. By the way, it also used AirPods to create a potential scale of 100 billion. The true wireless headphone market.</p><p>Removing the physical card slot is expected to further improve the dustproof and waterproof performance of the whole machine.</p><p><b>What is an eSIM card and what are the advantages?</b></p><p>An eSIM card, also known as an embedded SIM card, embeds a traditional SIM card directly into the device chip instead of being added to the device as an independent removable component. Take the mobile phone calling card as an example. Now, if our mobile phone wants to make a call, we need to go to the business hall to buy a calling card and insert it. However, if it is an eSIM card, it is not necessary, because it itself is in the chip.</p><p>Compared with traditional SIM, eSIM has the advantages of small size, low cost, convenience, flexibility, security, cross-regional deployment, and remote management.</p><p>Specifically, the highly integrated eSIM solution can first solve the problem that the SIM card slot takes up a lot of mobile phone space. Although the SIM card is already very small now, the card slot will still restrict the appearance design and battery capacity of mobile phones or wearables as mobile phones become thinner and lighter.</p><p>In addition, the SIM card slot also affects the waterproof performance of the phone, while eSIM is integrated inside the phone and does not need to be slotted on the body, which can improve the waterproof level of the phone.</p><p>With the eSIM solution, each mobile terminal can independently use the mobile network to surf the Internet and even make phone calls. Your various devices will never become \"bricks\" without WiFi.</p><p>For operators, users can save a huge expense without SIM cards. After all, the number of their users is calculated in hundreds of millions.</p><p>The advantages of eSIM are not limited to the ease of use of mobile phones and wearable devices. Its advantages are also reflected in harsh environment applications. For example, when running in a high-temperature, low-temperature, and high-vibration environment, the plug-in and unplug card of the device is very easily damaged, and eSIM can perfectly solve these problems.</p><p><b>Demand for eSIM explodes exponentially in the Internet of Things era</b></p><p>As the penetration rate of mobile communication terminal market in the global market exceeds 100% and tends to be saturated, the further expansion of traditional SIM card business has encountered bottlenecks, and the rapid rise of the Internet of Things has brought a new dawn to eSIM cards.</p><p>According to a research report from Huachuang Securities, eSIM is built into the device, allowing users to choose operator packages more flexibly, or change operators at any time without unlocking the device or purchasing a new device. This development is in line with the change of SIM cards from large to small. The trend of changing from real to virtual will meet the connection needs of tens of billions of devices in the Internet of Things.</p><p>According to calculations by China Merchants Securities, assuming that the number of IoT connections reaches 24 billion in 2020 and 100 billion in 2025, the demand for SIM based on cellular IoT management will reach more than 30 billion, and eSIM will occupy the majority of IoT SIM. market.</p><p><b>Even if we consider charging a fee of 1 yuan per eSIM in the future, it will correspond to a new market of more than 30 billion yuan</b>，<b>It is 6 times the current traditional SIM market of 5 billion</b>, if you consider the SIM service management market, the market size is even larger.</p><p>Because of this, the three major operators have been maintaining an active layout of eSIM.</p><p><b>The ultimate form that analysts are optimistic about-super eSIM card</b></p><p>In fact, in addition to the eSIM card, Pacific Securities recently mentioned a super SIM card in a research report, which contains an encryption chip and NFC function, and can be used as a meal card, access control card, transportation card, and car key offline; Financial security authentication, 5G electronic signature and large-amount transfers can be carried out online.</p><p>In June this year, China Mobile centrally purchased 111.4 million super SIM cards, and eight companies including Wuhan Tianyu, Hengbao, Chutianlong, Eastcom and other companies won the bid.</p><p>Super SIM card is a new generation SIM card product with large capacity storage function and high security data processing function. This product supports mobile phones in the form of \"single Nano + storage\", providing users with ultra-large capacity, secure storage, one-button changeover, and call, SMS and data traffic functions supported by SIM cards</p><p>Pacific Securities pointed out that the super SIM card can solve the three major pain points of insufficient human terminal storage, difficulty in one-click replacement, and operators' desire for traffic entrance, and will explode with the 5G replacement tide.</p><p>In addition, the central bank promotes dual offline digital currencies,<b>Super SIM cards are also hard carriers for hard wallets</b>。</p><p>Pacific Securities stated that the 5G super SIM card can be integrated with digital currency payment applications to form a 5G super SIM card digital currency wallet, breaking through the \"wallet\" that currently only exists in the form of application software, encrypting storage from the chip layer, and realizing \"digital assets\" at the same time. Secure storage \"and\" identity security authentication \", one card has multiple functions.</p><p>It believes that with the advancement of 5G and digital currency in the future, the form and function of SIM cards will undergo revolutionary changes. Operators will use SIM cards as the entrance to the Internet of Everything, digital authentication and application expansion, and the state will use SIM cards as the hardware carrier of national credit.<b>eSIM and super SIM will be the categories that will explode in the future of the Internet of Things, mobile terminals, and hard wallets.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3648356\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/74282bcfe2e1d6d1ec4546eb18e35028","relate_stocks":{"AAPL":"苹果"},"source_url":"https://wallstreetcn.com/articles/3648356","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1118962717","content_text":"据报道，近期有分析师预测苹果可能会在部分国家和地区尝试推出没有实体SIM卡的iPhone，使用eSIM技术，具体将从iPhone 15 Pro开始。\n而最新消息显示，该转变可能会提前。目前，苹果已经建议美国几家主要运营商为2022年9月发布的只支持eSIM的智能手机做好准备。\n报道称，目前整个手机行业都认可无孔化，以提升手机整体的完整性。苹果在这一方向上毫不意外地扮演了急先锋身份，先是用线性马达模拟触感替代了正面实体按键，还引领去掉3.5mm耳机接口的浪潮，顺带还用AirPods造出了个潜在规模达千亿的真无线耳机市场。\n而去掉物理卡槽有望进一步提升整机防尘防水性能。\n什么是eSIM卡，有哪些优势？\neSIM卡又叫嵌入式SIM卡，将传统SIM卡直接嵌入到设备芯片上，而非作为独立的可移除零部件加入设备中。以手机电话卡为例，现在我们的手机想要打电话，都需要到营业厅买张电话卡插进去，但如果是eSIM卡，就没这个必要，因为它本身是在芯片里面。\n相比传统的SIM，eSIM具有体积小低成本、便利性、灵活性、安全、跨区域部署以及远程管理等功能优势等优势。\n具体来看，高度集成的eSIM方案，首先能解决SIM卡槽占用大量手机空间的难题，虽然现在SIM卡已经很小，但在手机越来越轻薄趋势下，卡槽还是会制约手机或可穿戴设备的外形设计和电池容量。\n此外，SIM卡槽还影响手机的防水性能，而eSIM集成在手机内部，不需要在机身上开槽，可以提高手机的防水等级。\n使用eSIM方案，每一个移动终端都可独立使用移动网络上网，甚至打电话，你的各种设备再也不会在没有WiFi的情况下变成“砖头”。\n对于运营商来说，用户不用SIM卡，也能省下一笔巨大的开支，毕竟他们的用户数都是以亿为单位计算的。\neSIM的优势不仅限于手机、可穿戴设备使用方便，它在优越性还体现在恶劣环境应用上。例如运行在高温、低温、高振动的环境中，设备插拔卡非常容易损坏，eSIM就能完美地解决这些问题。\n物联网时代eSIM需求呈指数级爆发\n随着全球市场移动通信终端市场渗透率超过100%趋于饱和，传统的SIM卡业务的进一步扩张遇到了瓶颈，而物联网的快速兴起为eSIM卡带来了新的曙光。\n据华创证券研报，eSIM内置于设备中，允许用户更加灵活的选择运营商套餐，或者在无需解锁设备、购买新设备的前提下随时更换运营商，这一发展符合SIM卡由大变小、由实变虚的趋势，将满足物联网百亿设备的连接需求。\n据招商证券测算，假设2020年物联网连接数达到240亿，2025年达到1000亿，则基于对蜂窝物联网管理带来的SIM需求将达到300亿以上，并且eSIM将占据物联网SIM的绝大部分市场。\n即使考虑每个eSIM未来收取1元费用，也将对应一个300亿以上的新增市场，是与目前50亿的传统SIM市场的6倍，如果再考虑到SIM服务管理市场，则市场规模更大。\n也正因为如此，三大运营商一直保持着对eSIM的积极布局。\n分析师看好的终极形态——超级eSIM卡\n事实上，除了eSIM卡，太平洋证券近日在研报中还提到一种超级SIM卡，它内含加密芯片以及NFC功能，线下可充当饭卡、门禁卡、交通卡、车钥匙；线上可以进行金融安全认证、5G电子签名以及大额转账等。\n今年6月，中国移动集中采购1.114亿张超级SIM卡，武汉天喻、恒宝、楚天龙、东信和平等8家企业中标。\n超级SIM卡，是一款具有大容量存储功能、高安全数据处理功能的新一代SIM卡产品。该产品支持“单Nano+存储”形态的手机，为用户同时提供超大容量、安全存储、一键换机以及SIM卡所支持的通话、短信和数据流量功能\n太平洋证券指出，超级SIM卡可解决人终端存储不足、一键换机难、运营商对流量入口的渴望三大痛点，将伴随5G换机潮呈现爆发。\n此外，央行推动双离线数字货币，超级SIM卡也是硬钱包的硬载体。\n太平洋证券表示，5G超级SIM卡可与数字货币支付应用相融合，形成5G超级SIM卡数字货币钱包，突破目前仅以应用软件形式存在的“钱包”，从芯片层加密存储，同时实现“数字资产安全存储”和“身份安全认证”，一卡多能。\n其认为，未来5G和数字货币的推进，SIM卡形态和功能将发生革命性变化，运营商将SIM卡作为万物互联、数字认证和应用拓展的入口，国家将SIM卡作为国家级信用的硬件载体。eSIM与超级SIM将是未来物联网、手机终端、硬钱包即将爆发式增长的品类。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009156798,"gmtCreate":1640577998118,"gmtModify":1676533527098,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009156798","repostId":"2194797491","repostType":4,"repost":{"id":"2194797491","kind":"highlight","pubTimestamp":1640576240,"share":"https://ttm.financial/m/news/2194797491?lang=en_US&edition=fundamental","pubTime":"2021-12-27 11:37","market":"us","language":"zh","title":"The next generation of EUV lithography is about to break out","url":"https://stock-news.laohu8.com/highlight/detail?id=2194797491","media":"半导体行业观察","summary":"随着先进制程芯片上量（包括逻辑芯片和存储器），芯片制造端的高技术含量规模也在不断扩大，其中，最具代表性的就是EUV光刻机，市场对其需求在未来几年将大幅增加。\nASML预期今年EUV设备出货量有望达到5","content":"<p>With the quantity of advanced process chips (including logic chips and memories), the scale of high-tech content on the chip manufacturing side is also expanding. Among them, the most representative one is the EUV lithography, and the market demand for it will increase significantly in the next few years..</p><p>ASML expects EUV equipment shipments to reach 50 units this year, which is already a very impressive number. Even so, supply still exceeds demand. With the evolution of logic chips and DRAM manufacturing processes, the number of EUV exposure mask layers on a single wafer is rapidly increasing. Among them, the average number of EUV exposure layers on advanced logic process wafers has exceeded 10 layers in 2021 and will exceed 20 layers in 2023.</p><p>According to ASML estimates, a 7nm ~ 3nm process 12-inch wafer fab with a monthly production capacity of 45,000 pieces has a single wafer EUV mask layers ranging from 10 to 20 layers, and the number of EUV lithography installed reaches 9 to 18 units; The monthly production capacity reaches 100,000 DRAM factories, the number of EUV mask layers on a single wafer ranges from 1 to 6 layers, and the number of EUV lithography installed reaches 2 to 9 units. These will generate a large demand for EUV exposure equipment, and the demand for EUV lithography before 2025 will set new records year by year.</p><p><h3><b>The demand side continues to improve</b></h3>Currently, the chip manufacturers with the largest demand for EUV equipment include<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/TSM\">TSMC</a>、<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And SK Hynix, the demand for EUVs from these four giants will continue to increase in the next few years.</p><p><img src=\"https://static.tigerbbs.com/5b20aa1f230eded2222be5eae10df7ba\" tg-width=\"800\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Obviously, TSMC, the leader in advanced process chips, has the largest demand for EUV lithography, which can be compared with Intel. By 2023, TSMC is expected to have a total of 133 EUV lithography units, while Intel has 20 units.</p><p>Currently, TSMC accounts for half of the industry's EUV equipment installation base and wafer production, and plans to expand production capacity through state-of-the-art 3nm and 2nm fabs.</p><p>In recent years, TSMC has been increasing the number of EUV equipment purchases. Since the second half of this year, its 5nm production capacity has been fully opened, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A15 application processors and M1X/M2 computer processors, MediaTek and<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>New 5G mobile phone chip,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Zen 4 architecture computers and server processors will be introduced into mass production one after another. In order to maintain technological leadership, TSMC's 4nm optimized from 5nm will enter mass production next year, and the new 3nm will also be introduced into mass production in the second half of next year, which shows the demand for EUV.</p><p>Since 2018, ASML has increased production of EUV lithography, producing about 75 units, of which TSMC is said to have bought 60%.</p><p>For Samsung, its wafer foundry and advanced process DRAM both require EUV lithography, and the number is increasing year by year, second only to TSMC. According to statistics, Samsung currently has 25 EUV devices, which is about half that of TSMC.</p><p>In order to obtain more EUV equipment, in October 2020, Samsung leader and vice chairman Lee Jae-yong flew to the ASML headquarters to discuss the stable purchase of EUV equipment. It is said that about 20 units were ordered. The price of one is more than 20 billion won ($177 million).</p><p>According to Samsung's Vision 2030 announced in April 2019, the company plans to invest a total of 133 trillion won and hopes to become the world's top wafer foundry company. The company spends 10 trillion won a year to develop chip foundry technology and buy necessary equipment, especially EUV lithography, to catch up with TSMC.</p><p>Let's take a look at Intel again. In the past few years, the company believed that the EUV process was not mature enough. Now that the EUV lithography process has been mass-produced for several years, Intel has begun to follow up. Its newly launched Intel 4 process will be fully introduced into the EUV lithography. Subsequent Intel 3, Intel 20A processes will continue to introduce EUV.</p><p>After 2025, the company's manufacturing process is planned to Intel 18A, which will use second-generation RibbonFET transistors. The EUV lithography will also undergo a major upgrade. To this end, Intel stated that it will deploy the next generation of High-NA EUV, which is expected to be the first in the industry. High-NA EUV lithography. Currently, the company is working closely with ASML to ensure the success of this industry-breaking technology, surpassing the current generation of EUVs.</p><p>NA represents the numerical aperture, which will be increased to 0.5 in the future from the current highest value of 0.33. It is reported that ASML's NXE: 5000 series will achieve such performance. It was previously expected to be released in 2023, but now it has been postponed to 2025. The price of a single unit is expected to exceed $300 million.</p><p>The above is about the production of logic chips. In terms of memory, especially DRAM, Samsung and SK Hynix now use EUV devices in their DRAM production, and Micron said it plans to apply EUV to its DRAM production starting in 2024.</p><p><h3><b>Supply side follow-up</b></h3>As EUV lithography technology becomes more and more important, the advantages of ASML become more and more obvious. However, in addition to ASML, lithography suppliers also include Japanese manufacturers Nikon and<a href=\"https://laohu8.com/S/CAJ\">Canon</a>(Canon), these two companies can compete with ASML in deep ultraviolet (DUV, the wavelength of the light source is longer than EUV) lithography technology, but ASML, as the leader of the enterprise, also has a 62% market share in the field of DUV lithography.</p><p>At present, although only ASML can produce EUV lithography, because its technology is too complex, it also needs to cooperate with semiconductor equipment manufacturers and scientific research institutions in the industry to produce more advanced EUV equipment needed in the future.</p><p>For example, not long ago, Tokyo Electronics (TEL) announced the launch of its leading coater to the imec-ASML joint high NA EUV research laboratory, which will be integrated with ASML's next-generation high NA EUV lithography system NXE: 5000.</p><p>Compared with traditional EUV lithography, high NA EUV lithography is expected to provide more advanced pattern scaling solutions. The coater/developer introduced into the Joint High NA Laboratory will have advanced features compatible not only with widely used chemically amplified resists and underlayers, but also with spin-coated metal-containing resists. Spin-coated metal-containing resists have exhibited high resolution and high etch resistance, promising finer patterning. However, metal-containing resists also require precise pattern size control and metal contamination control on the back and bevel of the chip. To address these challenges, the coater/developer installed at the Joint High NA laboratory is equipped with cutting-edge process modules capable of handling metal-containing resists.</p><p>Combined with the new process module, a single unit of TEL Coater/Developer can process multiple materials online, including chemically amplified resists, metal-containing resists, and underlayers. This will enable flexible fab operations.</p><p>In the second half of this year, ASML launched the latest 0.33 numerical aperture EUV lithography NXE: 3600D. The hourly exposure output (throughput) is estimated to be increased to 160 pieces. In 2023, the NXE: 3800E will be launched to increase the hourly exposure output to 195 ~ 220 pieces.</p><p>As for the next generation EUV technology with a high numerical aperture of 0.55, it is expected to enter mass production after 2025, supporting 1.5 nm and 1nm logic processes, as well as the most advanced DRAM process.</p><p>During a conference call in the second quarter of this year, ASML CEO Peter Wennink said the company plans to produce about 40 EUV lithography units this year and will expand to 55 units in 2022 and increase production to 60 units in 2023.</p><p>To produce EUV equipment, ASML needs to source the lenses needed for the system from Germany's Zeiss AG, however, it has a limited number of lenses it can source per year, which leads to long lead times for the system. In this regard, Peter Wennink said that the company's EUV equipment lead time will also be shortened from the previous 18 to 24 months to 12 to 18 months.</p><p>Wennink said its three major DRAM customers all plan to use EUV for mass production. By 2021, the companies are expected to spend a total of € 1. 2 billion to purchase EUV systems. He added that EUV shipments to these companies will increase in the future.</p><p>ASML has begun production of its NXE 3600D new EUV device, which provides a 15% to 20% increase in productivity and a 30% increase in coverage compared to the previous 3400C.</p><p>In the second quarter of this year, ASML's sales were 4 billion euros and net profit was 1 billion euros, an increase of 20% and 38% respectively from the second quarter of 2020. The company's orders rose 75% compared to the previous quarter to EUR 8.3 billion, of which EUR 4.9 billion was for EUV equipment.</p><p>South Korea accounted for 39% of ASML's sales, followed by Taiwan, China with 35%. The company expects sales in 2021 to grow 35% compared to 2020.</p><p><h3><b>epilogue</b></h3>With the improvement of chip manufacturing technology, TSMC and Samsung have purchased a large amount of EUV lithography, and memory chip manufacturer SK Hynix has also begun to adopt EUV lithography, and will also significantly increase purchases in the next five years.<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It is also planned to start using EUV equipment in 2024.</p><p>The four major chip factories purchase EUV equipment in large quantities, which means that the proportion of applications of this type of lithography will increase significantly in the next few years and gradually occupy a dominant position. An ASML executive told an EUV lithography ecosystem conference that EUV devices are expected to account for more than 60% of the lithography operated by global fabs by 2025.</p>","source":"36kr_stock","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 next generation of EUV lithography is about to break out</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 next generation of EUV lithography is about to break out\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">半导体行业观察</strong><span class=\"h-time small\">2021-12-27 11:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the quantity of advanced process chips (including logic chips and memories), the scale of high-tech content on the chip manufacturing side is also expanding. Among them, the most representative one is the EUV lithography, and the market demand for it will increase significantly in the next few years..</p><p>ASML expects EUV equipment shipments to reach 50 units this year, which is already a very impressive number. Even so, supply still exceeds demand. With the evolution of logic chips and DRAM manufacturing processes, the number of EUV exposure mask layers on a single wafer is rapidly increasing. Among them, the average number of EUV exposure layers on advanced logic process wafers has exceeded 10 layers in 2021 and will exceed 20 layers in 2023.</p><p>According to ASML estimates, a 7nm ~ 3nm process 12-inch wafer fab with a monthly production capacity of 45,000 pieces has a single wafer EUV mask layers ranging from 10 to 20 layers, and the number of EUV lithography installed reaches 9 to 18 units; The monthly production capacity reaches 100,000 DRAM factories, the number of EUV mask layers on a single wafer ranges from 1 to 6 layers, and the number of EUV lithography installed reaches 2 to 9 units. These will generate a large demand for EUV exposure equipment, and the demand for EUV lithography before 2025 will set new records year by year.</p><p><h3><b>The demand side continues to improve</b></h3>Currently, the chip manufacturers with the largest demand for EUV equipment include<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/TSM\">TSMC</a>、<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And SK Hynix, the demand for EUVs from these four giants will continue to increase in the next few years.</p><p><img src=\"https://static.tigerbbs.com/5b20aa1f230eded2222be5eae10df7ba\" tg-width=\"800\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Obviously, TSMC, the leader in advanced process chips, has the largest demand for EUV lithography, which can be compared with Intel. By 2023, TSMC is expected to have a total of 133 EUV lithography units, while Intel has 20 units.</p><p>Currently, TSMC accounts for half of the industry's EUV equipment installation base and wafer production, and plans to expand production capacity through state-of-the-art 3nm and 2nm fabs.</p><p>In recent years, TSMC has been increasing the number of EUV equipment purchases. Since the second half of this year, its 5nm production capacity has been fully opened, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A15 application processors and M1X/M2 computer processors, MediaTek and<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>New 5G mobile phone chip,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Zen 4 architecture computers and server processors will be introduced into mass production one after another. In order to maintain technological leadership, TSMC's 4nm optimized from 5nm will enter mass production next year, and the new 3nm will also be introduced into mass production in the second half of next year, which shows the demand for EUV.</p><p>Since 2018, ASML has increased production of EUV lithography, producing about 75 units, of which TSMC is said to have bought 60%.</p><p>For Samsung, its wafer foundry and advanced process DRAM both require EUV lithography, and the number is increasing year by year, second only to TSMC. According to statistics, Samsung currently has 25 EUV devices, which is about half that of TSMC.</p><p>In order to obtain more EUV equipment, in October 2020, Samsung leader and vice chairman Lee Jae-yong flew to the ASML headquarters to discuss the stable purchase of EUV equipment. It is said that about 20 units were ordered. The price of one is more than 20 billion won ($177 million).</p><p>According to Samsung's Vision 2030 announced in April 2019, the company plans to invest a total of 133 trillion won and hopes to become the world's top wafer foundry company. The company spends 10 trillion won a year to develop chip foundry technology and buy necessary equipment, especially EUV lithography, to catch up with TSMC.</p><p>Let's take a look at Intel again. In the past few years, the company believed that the EUV process was not mature enough. Now that the EUV lithography process has been mass-produced for several years, Intel has begun to follow up. Its newly launched Intel 4 process will be fully introduced into the EUV lithography. Subsequent Intel 3, Intel 20A processes will continue to introduce EUV.</p><p>After 2025, the company's manufacturing process is planned to Intel 18A, which will use second-generation RibbonFET transistors. The EUV lithography will also undergo a major upgrade. To this end, Intel stated that it will deploy the next generation of High-NA EUV, which is expected to be the first in the industry. High-NA EUV lithography. Currently, the company is working closely with ASML to ensure the success of this industry-breaking technology, surpassing the current generation of EUVs.</p><p>NA represents the numerical aperture, which will be increased to 0.5 in the future from the current highest value of 0.33. It is reported that ASML's NXE: 5000 series will achieve such performance. It was previously expected to be released in 2023, but now it has been postponed to 2025. The price of a single unit is expected to exceed $300 million.</p><p>The above is about the production of logic chips. In terms of memory, especially DRAM, Samsung and SK Hynix now use EUV devices in their DRAM production, and Micron said it plans to apply EUV to its DRAM production starting in 2024.</p><p><h3><b>Supply side follow-up</b></h3>As EUV lithography technology becomes more and more important, the advantages of ASML become more and more obvious. However, in addition to ASML, lithography suppliers also include Japanese manufacturers Nikon and<a href=\"https://laohu8.com/S/CAJ\">Canon</a>(Canon), these two companies can compete with ASML in deep ultraviolet (DUV, the wavelength of the light source is longer than EUV) lithography technology, but ASML, as the leader of the enterprise, also has a 62% market share in the field of DUV lithography.</p><p>At present, although only ASML can produce EUV lithography, because its technology is too complex, it also needs to cooperate with semiconductor equipment manufacturers and scientific research institutions in the industry to produce more advanced EUV equipment needed in the future.</p><p>For example, not long ago, Tokyo Electronics (TEL) announced the launch of its leading coater to the imec-ASML joint high NA EUV research laboratory, which will be integrated with ASML's next-generation high NA EUV lithography system NXE: 5000.</p><p>Compared with traditional EUV lithography, high NA EUV lithography is expected to provide more advanced pattern scaling solutions. The coater/developer introduced into the Joint High NA Laboratory will have advanced features compatible not only with widely used chemically amplified resists and underlayers, but also with spin-coated metal-containing resists. Spin-coated metal-containing resists have exhibited high resolution and high etch resistance, promising finer patterning. However, metal-containing resists also require precise pattern size control and metal contamination control on the back and bevel of the chip. To address these challenges, the coater/developer installed at the Joint High NA laboratory is equipped with cutting-edge process modules capable of handling metal-containing resists.</p><p>Combined with the new process module, a single unit of TEL Coater/Developer can process multiple materials online, including chemically amplified resists, metal-containing resists, and underlayers. This will enable flexible fab operations.</p><p>In the second half of this year, ASML launched the latest 0.33 numerical aperture EUV lithography NXE: 3600D. The hourly exposure output (throughput) is estimated to be increased to 160 pieces. In 2023, the NXE: 3800E will be launched to increase the hourly exposure output to 195 ~ 220 pieces.</p><p>As for the next generation EUV technology with a high numerical aperture of 0.55, it is expected to enter mass production after 2025, supporting 1.5 nm and 1nm logic processes, as well as the most advanced DRAM process.</p><p>During a conference call in the second quarter of this year, ASML CEO Peter Wennink said the company plans to produce about 40 EUV lithography units this year and will expand to 55 units in 2022 and increase production to 60 units in 2023.</p><p>To produce EUV equipment, ASML needs to source the lenses needed for the system from Germany's Zeiss AG, however, it has a limited number of lenses it can source per year, which leads to long lead times for the system. In this regard, Peter Wennink said that the company's EUV equipment lead time will also be shortened from the previous 18 to 24 months to 12 to 18 months.</p><p>Wennink said its three major DRAM customers all plan to use EUV for mass production. By 2021, the companies are expected to spend a total of € 1. 2 billion to purchase EUV systems. He added that EUV shipments to these companies will increase in the future.</p><p>ASML has begun production of its NXE 3600D new EUV device, which provides a 15% to 20% increase in productivity and a 30% increase in coverage compared to the previous 3400C.</p><p>In the second quarter of this year, ASML's sales were 4 billion euros and net profit was 1 billion euros, an increase of 20% and 38% respectively from the second quarter of 2020. The company's orders rose 75% compared to the previous quarter to EUR 8.3 billion, of which EUR 4.9 billion was for EUV equipment.</p><p>South Korea accounted for 39% of ASML's sales, followed by Taiwan, China with 35%. The company expects sales in 2021 to grow 35% compared to 2020.</p><p><h3><b>epilogue</b></h3>With the improvement of chip manufacturing technology, TSMC and Samsung have purchased a large amount of EUV lithography, and memory chip manufacturer SK Hynix has also begun to adopt EUV lithography, and will also significantly increase purchases in the next five years.<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It is also planned to start using EUV equipment in 2024.</p><p>The four major chip factories purchase EUV equipment in large quantities, which means that the proportion of applications of this type of lithography will increase significantly in the next few years and gradually occupy a dominant position. An ASML executive told an EUV lithography ecosystem conference that EUV devices are expected to account for more than 60% of the lithography operated by global fabs by 2025.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1542175181891588\">半导体行业观察</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/38b14d4c1528b585f44d427c7a09d860","relate_stocks":{"BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","BK4145":"电子制造服务","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","TEL":"泰科电子","BK4527":"明星科技股","INTC":"英特尔","BK4512":"苹果概念","BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK4141":"半导体产品","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4529":"IDC概念","BK4505":"高瓴资本持仓","03145":"华夏亚洲高息股","BK4535":"淡马锡持仓","TSM":"台积电","BK4515":"5G概念","EWT":"台湾ETF-iShares MSCI"},"source_url":"https://36kr.com/p/1542175181891588","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194797491","content_text":"随着先进制程芯片上量（包括逻辑芯片和存储器），芯片制造端的高技术含量规模也在不断扩大，其中，最具代表性的就是EUV光刻机，市场对其需求在未来几年将大幅增加。\nASML预期今年EUV设备出货量有望达到50台，这已经是一个非常可观的数字了，即使如此，仍然供不应求。随着逻辑芯片及DRAM制程的演进，单片晶圆EUV曝光光罩层数正在快速提升，其中先进逻辑制程晶圆2021年EUV曝光层数平均已超过10层，2023年将超过20层。\n据ASML预估，月产能达4.5万片的7nm~3nm制程12吋晶圆厂，单片晶圆EUV光罩层数介于10～20层，EUV光刻机安装数量达9～18台；月产能达10万片DRAM厂，单片晶圆EUV光罩层数介于1～6层，EUV光刻机安装数量达2～9台。这些将大量催生对EUV曝光设备的需求量，2025年之前的EUV光刻机需求将逐年创下新纪录。\n需求侧不断提升\n目前，对EUV设备需求量最大的芯片厂商包括英特尔、台积电、三星和SK海力士，未来几年，这四巨头对EUV的需求将持续增加。\n\n显然，先进制程芯片龙头台积电对EUV光刻机的需求量最大，可以与英特尔做一下比较，到2023年，预计台积电共拥有133台EUV光刻机，而英特尔为20台。\n目前，台积电占行业EUV设备安装基础和晶圆产量的一半，并计划通过最先进的3nm和2nm晶圆厂扩大产能。\n近几年，台积电一直在提升EUV设备采购数量，今年下半年以来，其5nm产能全开，包括苹果A15应用处理器及M1X／M2电脑处理器、联发科及高通新款5G手机芯片、AMD的Zen 4架构电脑及服务器处理器等将陆续导入量产。为了维持技术领先，台积电由5nm优化后的4nm将在明年进入量产，全新3nm也将在明年下半年导入量产，EUV需求量可见一斑。\n自2018年以来，ASML增加了EUV光刻机的产量，生产了约75台，据说台积电购买了其中的60%。\n三星方面，其晶圆代工和先进制程DRAM都需要EUV光刻机，而且数量逐年递增，仅次于台积电。据统计，三星目前拥有25台EUV设备，数量约为台积电的一半。\n为了获得更多的EUV设备，2020年10月，三星领导人、副董事长李在镕飞到ASML总部，商讨稳定采购EUV设备，据说订购了大约20台。一台的价格超过200亿韩元（1.77 亿美元）。\n根据三星2019年4月宣布的 Vision 2030，该公司计划总投资133万亿韩元，希望成为全球顶级晶圆代工企业。该公司每年花费10万亿韩元来开发芯片代工技术并购买必要的设备，特别是EUV光刻机，以追赶手台积电。\n再来看一下英特尔，前些年，该公司认为EUV工艺不够成熟，现在EUV光刻工艺已经量产几年了，英特尔开始跟进，其新推出的Intel 4制程将全面导入EUV光刻机，之后的Intel 3、Intel 20A工艺会持续导入EUV。\n2025年之后，该公司的制程工艺规划到了Intel 18A，将使用第二代RibbonFET晶体管，EUV光刻机也会有一次重大升级，为此，英特尔表示将部署下一代High-NA EUV，有望率先获得业界第一台High-NA EUV光刻机。目前，该公司正与ASML密切合作，确保这一行业突破性技术取得成功，超越当前一代EUV。\nNA表示数值孔径，从目前的最高值为0.33，今后将提升到0.5，据悉，ASML的NXE：5000系列将实现这样的性能，之前预计是在2023年问世，现在推迟到了2025年，单台售价预计将超过3亿美元。\n以上谈的是逻辑芯片的生产，在存储器方面，特别是DRAM，三星和 SK 海力士现在都在其DRAM生产中使用EUV设备，美光则表示计划从2024年开始将EUV应用于其DRAM生产。\n供给侧跟进\n随着EUV光刻技术变得越来越重要，ASML的优势也越发明显。不过，光刻机供货商除ASML之外，还有日本厂商尼康（Nikon）和佳能（Canon），这两家在深紫外线（DUV，光源波长比EUV长）的光刻技术上能与ASML竞争，但ASML作为企业龙头，在DUV光刻领域，也拥有62％的市场份额。\n目前，虽然只有ASML一家能生产EUV光刻机，但由于其技术过于复杂，也需要与业内的半导体设备厂商和科研机构合作，才能生产出未来需要的更先进EUV设备。\n例如，不久前，东京电子（TEL）宣布，向imec-ASML联合高 NA EUV 研究实验室推出其领先的涂布机，该设备将与 ASML 的下一代高NA EUV光刻系统NXE:5000 集成。\n与传统的 EUV 光刻相比，高 NA EUV 光刻有望提供更先进的图案缩放解决方案。被引入联合高 NA 实验室的涂布机/显影剂将具有先进的功能，不仅与广泛使用的化学放大抗蚀剂和底层兼容，而且还与旋涂含金属抗蚀剂兼容。旋涂含金属抗蚀剂已表现出高分辨率和高抗蚀刻性，有望实现更精细的图案化。然而，含金属的抗蚀剂还需要精密的图案尺寸控制以及芯片背面和斜面的金属污染控制。为了应对这些挑战，安装在联合高 NA 实验室的涂布机/显影剂配备了能够处理含金属抗蚀剂的前沿工艺模块。\n结合新的工艺模块，TEL Coater/Developer 的单个单元可以在线处理多种材料，包括化学放大抗蚀剂、含金属抗蚀剂和底层。这将实现灵活的晶圆厂运营。\n今年下半年，ASML推出了最新0.33数值孔径EUV光刻机NXE：3600D，每小时曝光产量（throughput）预估可提升至160片，2023年再推出NXE：3800E可将每小时曝光产量提升到195～220片。\n至于0.55高数值孔径的下一代EUV技术预计2025年后进入量产，支援1.5nm及1nm逻辑制程，以及最先进的DRAM制程。\n在今年第二季度的电话会议上，ASML 首席执行官 Peter Wennink 表示，该公司计划今年生产约40台EUV光刻机，并将在2022 年扩大到55台，2023 年将产量增加到60台。\n要生产EUV设备，ASML需要从德国蔡司公司采购系统所需的镜头，然而，它每年可以采购的镜头数量有限，这导致系统的交货时间很长。对此，Peter Wennink表示，该公司的EUV设备交付周期也将从之前的18至24个月缩短至12至 18个月。\nWennink 表示，其三大 DRAM 客户都计划使用 EUV 进行量产。到 2021 年，这些公司预计将总共花费 12 亿欧元来购买 EUV 系统。他补充说，未来向这些公司的 EUV 出货量将增加。\nASML已经开始生产其NXE 3600D新型EUV设备，与之前的3400C相比，该系统的生产率提高了15%到20%，覆盖率提高了30%。\n今年第二季度，ASML的销售额为40亿欧元，净利润为10亿欧元，比2020年第二季度分别增长20%和38%。该公司的订单与上一季度相比增长了 75%，达到 83 亿欧元，其中 49 亿欧元用于EUV设备。\n韩国占ASML销售额的39%，其次是中国台湾的35%。该公司预计2021年的销售额将比 2020年增长35%。\n结语\n随着芯片制程工艺的提升，台积电和三星已采购大量EUV光刻机，存储芯片制造商SK海力士也已开始采用EUV光刻机，未来5年也将大幅增加采购量，美光科技也计划在2024年开始使用EUV设备。\n四大芯片厂大量采购EUV设备，意味这该类光刻机的应用比例在未来几年将大幅提升，并逐渐占据主导地位。ASML的一名高管在一次EUV光刻机生态系统会议上表示，预计到2025年，全球晶圆厂运行的光刻机中，EUV设备所占比例将超过60%。","news_type":1,"symbols_score_info":{"EWT":0.9,"TSM":0.9,"INTC":0.9,"TWmain":0.9,"TEL":0.9,"03145":0.9}},"isVote":1,"tweetType":1,"viewCount":2389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009999523,"gmtCreate":1640407528573,"gmtModify":1676533519994,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009999523","repostId":"2194017966","repostType":4,"isVote":1,"tweetType":1,"viewCount":2639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009001981,"gmtCreate":1640336955872,"gmtModify":1676533517178,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009001981","repostId":"1125940737","repostType":4,"repost":{"id":"1125940737","kind":"news","pubTimestamp":1640334304,"share":"https://ttm.financial/m/news/1125940737?lang=en_US&edition=fundamental","pubTime":"2021-12-24 16:25","market":"us","language":"zh","title":"Tesla's German Gigafactory is expected to achieve mass production in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1125940737","media":"智通财经网","summary":"眼下，特斯拉只需扫清最后的障碍。","content":"<p>Right now,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>As long as the final hurdle is cleared, its Berlin Gigafactory in Germany is expected to achieve mass production in 2022.</p><p>The final hurdle facing Tesla's German Gigafactory comes from local environmental groups. It is reported that the person in charge of the local environmental protection organization said that the Eggersdorf waterworks water plant where the Tesla Gigafactory is located pumps nearly 4 million cubic meters of water from the ground every year. However, the Tesla factory will occupy most of the consumption, which will inevitably affect the surrounding areas. The use of domestic water for residents and other industrial water.</p><p>Local environmental groups accused the state government of approving the plan of Eggersdorf waterworks water plant to increase the pumping rate without relevant tests, forcing the local government to hold relevant hearings to deal with the issue. The hearing originally planned to be held earlier this month was postponed to the end of December for no reason, causing the hope of Tesla's Gigafactory to achieve mass production in 2021 to be dashed again.</p><p>For Tesla, the ability of the German Gigafactory to achieve full operation is a key component of the company's future. \"The German Gigafactory is key to Tesla's plans to expand production capacity in 2022 and beyond,\" said Dan Ives, managing director of Wedbush. \"For the factory, the key is to start producing cars in early January next year.\" There's so much red tape that they didn't expect to spend three months talking about how to cut down trees. \"</p><p><b>Struggling</b></p><p>Although construction is progressing rapidly, Tesla's German Gigafactory project has had a bumpy road since its launch. In addition to facing challenges from local environmental organizations, the lengthy government administrative licensing process has made Tesla complain. In addition, Tesla's recent decision to expand the factory scope and build a battery-grade lithium factory nearby has also attracted some criticism.</p><p>In terms of environmental protection, Tesla faces many problems from initial drinking water pollution to felling trees and noise, to affecting ants moving in the soil and hibernating bats and snakes in the forest. At present, the problem of groundwater has become an urgent need. At the same time, local environmental organizations are still making unremitting efforts to protest against the impact of the factory on the living environment of surrounding residents, so as to require automakers to comply with strict local environmental requirements. They reprimand Tesla for being contrary to Germany's business culture.</p><p>German media said that environmental issues will once again force Tesla's German factory to postpone mass production until early 2022. At present, Tesla needs to prepare more written materials for the hearing to deal with related complaints.</p><p>However, as a benefit to the local economy and employment, the Tesla Gigafactory still received a lot of support. The project is expected to create up to 40,000 jobs in the coming years, and the mayor of the town of Gruenheide, where the plant is located, described it as a \"once-in-a-lifetime opportunity\" to stimulate the local economy.</p><p>As an investor in Tesla, Ross Gerber, CEO of asset management firm Gerber Kawasaki, said he was not too worried about the obstacles facing Tesla. \"From the perspective that we know that the plant will start soon, this is not a big problem.\" \"We are very bullish on the European market, where there is a lot of demand for Tesla.\"</p><p><b>European Market</b></p><p>Gartner automotive industry analyst Pedro Pacheco said that although the impact of Tesla's German Gigafactory will be asymptotic, it will be significant. \"I think the most immediate difference is capacity. From a manufacturing perspective, Tesla will have more available capacity and shorter delivery times to its European customers.\"</p><p>He also added that if Tesla develops new models designed for the European market, the German Gigafactory will have a \"crucial\" role. \"Germany is one of the leading automotive powerhouses in the world, and it is also a major automotive powerhouse in Europe. So if you want to take advantage of European talent, you have to come to Germany.\"</p><p>Another looming problem that Tesla may need to face is the ongoing disruption of global supply chains and chip shortages, which have hit the entire auto industry hard. Ross Gerber said he believes Tesla has weathered the chip shortage crisis relatively well, but the auto industry will still be affected at least in the first quarter of 2022.</p><p>\"I still think that in the first quarter of next year, the chip shortage will be a challenge. But I also think that this problem will be alleviated in the next 12 months. By some time next year, it will all be solved.\"</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>Tesla's German Gigafactory is expected to achieve mass production in 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's German Gigafactory is expected to achieve mass production in 2022\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-12-24 16:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Right now,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>As long as the final hurdle is cleared, its Berlin Gigafactory in Germany is expected to achieve mass production in 2022.</p><p>The final hurdle facing Tesla's German Gigafactory comes from local environmental groups. It is reported that the person in charge of the local environmental protection organization said that the Eggersdorf waterworks water plant where the Tesla Gigafactory is located pumps nearly 4 million cubic meters of water from the ground every year. However, the Tesla factory will occupy most of the consumption, which will inevitably affect the surrounding areas. The use of domestic water for residents and other industrial water.</p><p>Local environmental groups accused the state government of approving the plan of Eggersdorf waterworks water plant to increase the pumping rate without relevant tests, forcing the local government to hold relevant hearings to deal with the issue. The hearing originally planned to be held earlier this month was postponed to the end of December for no reason, causing the hope of Tesla's Gigafactory to achieve mass production in 2021 to be dashed again.</p><p>For Tesla, the ability of the German Gigafactory to achieve full operation is a key component of the company's future. \"The German Gigafactory is key to Tesla's plans to expand production capacity in 2022 and beyond,\" said Dan Ives, managing director of Wedbush. \"For the factory, the key is to start producing cars in early January next year.\" There's so much red tape that they didn't expect to spend three months talking about how to cut down trees. \"</p><p><b>Struggling</b></p><p>Although construction is progressing rapidly, Tesla's German Gigafactory project has had a bumpy road since its launch. In addition to facing challenges from local environmental organizations, the lengthy government administrative licensing process has made Tesla complain. In addition, Tesla's recent decision to expand the factory scope and build a battery-grade lithium factory nearby has also attracted some criticism.</p><p>In terms of environmental protection, Tesla faces many problems from initial drinking water pollution to felling trees and noise, to affecting ants moving in the soil and hibernating bats and snakes in the forest. At present, the problem of groundwater has become an urgent need. At the same time, local environmental organizations are still making unremitting efforts to protest against the impact of the factory on the living environment of surrounding residents, so as to require automakers to comply with strict local environmental requirements. They reprimand Tesla for being contrary to Germany's business culture.</p><p>German media said that environmental issues will once again force Tesla's German factory to postpone mass production until early 2022. At present, Tesla needs to prepare more written materials for the hearing to deal with related complaints.</p><p>However, as a benefit to the local economy and employment, the Tesla Gigafactory still received a lot of support. The project is expected to create up to 40,000 jobs in the coming years, and the mayor of the town of Gruenheide, where the plant is located, described it as a \"once-in-a-lifetime opportunity\" to stimulate the local economy.</p><p>As an investor in Tesla, Ross Gerber, CEO of asset management firm Gerber Kawasaki, said he was not too worried about the obstacles facing Tesla. \"From the perspective that we know that the plant will start soon, this is not a big problem.\" \"We are very bullish on the European market, where there is a lot of demand for Tesla.\"</p><p><b>European Market</b></p><p>Gartner automotive industry analyst Pedro Pacheco said that although the impact of Tesla's German Gigafactory will be asymptotic, it will be significant. \"I think the most immediate difference is capacity. From a manufacturing perspective, Tesla will have more available capacity and shorter delivery times to its European customers.\"</p><p>He also added that if Tesla develops new models designed for the European market, the German Gigafactory will have a \"crucial\" role. \"Germany is one of the leading automotive powerhouses in the world, and it is also a major automotive powerhouse in Europe. So if you want to take advantage of European talent, you have to come to Germany.\"</p><p>Another looming problem that Tesla may need to face is the ongoing disruption of global supply chains and chip shortages, which have hit the entire auto industry hard. Ross Gerber said he believes Tesla has weathered the chip shortage crisis relatively well, but the auto industry will still be affected at least in the first quarter of 2022.</p><p>\"I still think that in the first quarter of next year, the chip shortage will be a challenge. But I also think that this problem will be alleviated in the next 12 months. By some time next year, it will all be solved.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/628590.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f76b3cc53dd60ecb6eab407da188d689","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zhitongcaijing.com/content/detail/628590.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1125940737","content_text":"眼下，特斯拉只需扫清最后的障碍，其德国柏林超级工厂就有望在2022年实现量产。\n特斯拉德国超级工厂面临的最后一道障碍来自当地环保组织。据悉，当地环保组织负责人表示，特斯拉超级工厂所在地的Eggersdorf waterworks水厂每年从地下抽取将近400万立方的水，然而特斯拉工厂将占有大部分的用量，将势必影响到周边相关的居民的生活用水以及其余工业用水的使用。\n当地环保组织控诉州政府在未经过相关测试就批复了Eggersdorf waterworks水厂提高抽水率的计划，迫使当地政府不得不召开相关听证会处理该问题。而原本计划在本月早些时候召开的听证会被无故延期至12月底，导致特斯拉超级工厂在2021年实现量产的希望再度破灭。\n对于特斯拉而言，德国超级工厂能够实现全面运营是该公司未来的关键组成部分。Wedbush董事总经理Dan Ives表示：“德国超级工厂是特斯拉2022年及以后扩大产能计划的关键。对于该工厂来说，关键是要在明年1月初开始生产汽车。”“繁文缛节太多了，他们没有想到要花三个月的时间来讨论如何砍伐树木。”\n举步维艰\n尽管建设进展迅速，但特斯拉德国超级工厂项目自启动以来便一路坎坷。除了需要面对当地环保组织的挑战以外，冗长的政府行政许可流程已经使得特斯拉满腹牢骚。此外，特斯拉近期扩大工厂范围、并将在其附近建设一个电池级锂工厂的决定也招致了一些批评。\n在环保方面，特斯拉面对着从最初的饮用水污染到砍伐树木、噪音，再到影响土壤中的蚂蚁搬家、森林中的蝙蝠和蛇冬眠等众多问题。目前看地下水问题已经成为了燃眉之急，同时当地环保组织仍在不懈努力地抗议该工厂对于周边居民生活环境的影响以此要求汽车制造商遵循当地严苛的环保要求，他们斥责特斯拉与德国的商业文化相悖。\n德国媒体称环保问题将再度迫使特斯拉德国工厂量产延期至2022年年初，目前特斯拉需要为该听证会准备更多的书面材料以便应对相关的控诉。\n不过，作为对当地经济和就业的一个利好，特斯拉超级工厂还是得到了很多支持。该项目预计未来几年将创造多达4万个就业岗位，工厂所在地格伦海德(Gruenheide)镇长称这是刺激当地经济“千载难逢的机会”。\n作为特斯拉的投资者，资管公司Gerber Kawasaki的首席执行官Ross Gerber表示，他不太担心特斯拉所面临的障碍。“从我们知道该工厂很快就会开工的角度来看，这不是一个大问题。”“我们非常看好欧洲市场，对特斯拉的需求量很大。”\n欧洲市场\nGartner汽车行业分析师Pedro Pacheco表示，虽然特斯拉德国超级工厂的影响将是渐近的，但意义重大。“我认为最直接的区别在于产能。从制造的角度来看，特斯拉将拥有更多可用产能，对其欧洲客户的交付期将缩短。”\n他还补充称，如果特斯拉在开发针对欧洲市场设计的新车型时，德国超级工厂将有着“至关重要”的作用。“德国是世界上最主要的汽车强国之一，同时也是欧洲的主要汽车强国。因此，如果你想利用欧洲的人才，你就必须来到德国。”\n特斯拉可能需要面对的另一个迫在眉睫的问题，是全球供应链持续中断和芯片短缺，这对整个汽车行业造成了沉重打击。Ross Gerber表示，他认为特斯拉已经相对较好地度过了芯片短缺危机，但至少在2022年第一季度，汽车行业仍将受影响。\n“我仍然认为明年第一季度，芯片短缺将是一项挑战。但我也认为，这个问题将在未来12个月得到缓解。到明年的某个时候，这一切都会迎刃而解。”","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000467963,"gmtCreate":1640267694889,"gmtModify":1676533513312,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000467963","repostId":"1193043649","repostType":4,"repost":{"id":"1193043649","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":1640266303,"share":"https://ttm.financial/m/news/1193043649?lang=en_US&edition=fundamental","pubTime":"2021-12-23 21:31","market":"us","language":"zh","title":"205,000 U.S. initial jobless claims last week","url":"https://stock-news.laohu8.com/highlight/detail?id=1193043649","media":"老虎资讯综合","summary":"12月23日，美国上周首次申领失业救济人数为20.5万人，预估为20.5万人，前值为20.6万人。\n机构评美国上周初请失业金人数数据：美国上周初请失业金人数变动不大，暗示随着就业市场继续复苏，裁员人数","content":"<p>On December 23, the number of people applying for unemployment benefits for the first time in the United States last week was 205,000, compared with the estimate of 205,000, and the previous value of 206,000.</p><p>Agency comments on data on the number of initial jobless claims in the United States last week: The number of initial jobless claims in the United States changed little last week, suggesting that as the job market continues to recover, the number of layoffs is at a historically low level. The data was largely unchanged from the previous week. The report highlights low job losses in recent months as employers focus on attracting and retaining employees to keep pace with consumer demand. Claims for unemployment benefits are broadly in line with pre-pandemic levels, reflecting a tight U.S. labor market. Still, rising Covid cases pose a risk to hiring prospects as the Omicron strain spreads.</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>205,000 U.S. initial jobless claims last week</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\">\n205,000 U.S. initial jobless claims last week\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\">2021-12-23 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 23, the number of people applying for unemployment benefits for the first time in the United States last week was 205,000, compared with the estimate of 205,000, and the previous value of 206,000.</p><p>Agency comments on data on the number of initial jobless claims in the United States last week: The number of initial jobless claims in the United States changed little last week, suggesting that as the job market continues to recover, the number of layoffs is at a historically low level. The data was largely unchanged from the previous week. The report highlights low job losses in recent months as employers focus on attracting and retaining employees to keep pace with consumer demand. Claims for unemployment benefits are broadly in line with pre-pandemic levels, reflecting a tight U.S. labor market. Still, rising Covid cases pose a risk to hiring prospects as the Omicron strain spreads.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5712911a97692958e444016d45d93118","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193043649","content_text":"12月23日，美国上周首次申领失业救济人数为20.5万人，预估为20.5万人，前值为20.6万人。\n机构评美国上周初请失业金人数数据：美国上周初请失业金人数变动不大，暗示随着就业市场继续复苏，裁员人数处于历史低位。该数据与前一周基本持平。该报告凸显出近几个月失业人数较低，因雇主专注于吸引和留住员工，以跟上消费者需求的步伐。申请失业金人数与疫情前的水平大体一致，反映了美国劳动力市场的紧张。尽管如此，随着奥密克戎毒株的传播，新冠病例的增加对招聘前景构成了风险。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000630885,"gmtCreate":1640139917747,"gmtModify":1676533503221,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000630885","repostId":"2193165623","repostType":4,"isVote":1,"tweetType":1,"viewCount":1978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000830286,"gmtCreate":1640078103432,"gmtModify":1676533500246,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000830286","repostId":"1110282533","repostType":4,"repost":{"id":"1110282533","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":1640077291,"share":"https://ttm.financial/m/news/1110282533?lang=en_US&edition=fundamental","pubTime":"2021-12-21 17:01","market":"us","language":"zh","title":"Performance is better than expected! Micron Technology rose more than 7% before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1110282533","media":"老虎资讯综合","summary":"12月21日，美光科技盘前涨超7%，Q1营收同比增长33%，净利润同比增长超180%\n\n从财报来看，在截至12月2日的2022财年的第一财季，美光科技营收76.87亿美元，较上一财年同期的57.73亿","content":"<p>December 21st,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It rose more than 7% before the market, Q1 revenue increased by 33% year-on-year, and net profit increased by more than 180% year-on-year</p><p><img src=\"https://static.tigerbbs.com/d29f0fa23ddcfda31fa259fe191f240b\" tg-width=\"889\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p>Judging from the financial report, in the first fiscal quarter of fiscal year 2022 ending December 2, Micron Technology's revenue was US $7.687 billion, an increase of US $1.914 billion from US $5.773 billion in the same period of the previous fiscal year, a year-on-year increase of 33%; It decreased by US $587 million from US $8.274 billion in the previous fiscal quarter, and a quarter-on-quarter decrease of 7.1%.</p><p>In terms of gross profit, the financial report showed that it was US $3.565 billion under US GAAP, compared with US $1.736 billion in the same period of the previous fiscal year, doubling year-on-year, but not as good as the US $3.912 billion in the previous fiscal quarter; Non-GAAP was US $3.616 billion, double the US $1.784 billion in the same period of the previous fiscal year, but not as good as the US $3.964 billion in the previous fiscal quarter.</p><p>In terms of gross profit margin, the financial report showed that it was 46.4% under US GAAP, an increase of 16.3 percentage points from 30.1% in the same period of the previous fiscal year, and a decrease of 0.9 percentage points from 47.3% in the previous fiscal quarter; Under non-GAAP, it was 47%, which was also an increase year-on-year and a slight decline month-on-month.</p><p>In terms of net profit, it was US $2.306 billion under US GAAP, an increase of US $1.503 billion from US $803 million in the same period of the previous fiscal year, a year-on-year increase of 187%, but not as good as US $2.72 billion in the previous fiscal quarter, a quarter-on-quarter decrease of 15.2%; Under non-GAAP accounting standards, it was US $2.471 billion, which was also a significant year-on-year increase and a significant month-on-month decline.</p><p>For the next fiscal quarter, Micron Technology expects revenue to be US $7.5 billion in its financial report, up and down by US $200 million, that is, it is expected to be US $7.3-7.7 billion. The gross profit margin under US GAAP is expected to be 45%, up and down. 1 percentage point.</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>Performance is better than expected! Micron Technology rose more than 7% before the market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPerformance is better than expected! Micron Technology rose more than 7% before the market\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\">2021-12-21 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>December 21st,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It rose more than 7% before the market, Q1 revenue increased by 33% year-on-year, and net profit increased by more than 180% year-on-year</p><p><img src=\"https://static.tigerbbs.com/d29f0fa23ddcfda31fa259fe191f240b\" tg-width=\"889\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p>Judging from the financial report, in the first fiscal quarter of fiscal year 2022 ending December 2, Micron Technology's revenue was US $7.687 billion, an increase of US $1.914 billion from US $5.773 billion in the same period of the previous fiscal year, a year-on-year increase of 33%; It decreased by US $587 million from US $8.274 billion in the previous fiscal quarter, and a quarter-on-quarter decrease of 7.1%.</p><p>In terms of gross profit, the financial report showed that it was US $3.565 billion under US GAAP, compared with US $1.736 billion in the same period of the previous fiscal year, doubling year-on-year, but not as good as the US $3.912 billion in the previous fiscal quarter; Non-GAAP was US $3.616 billion, double the US $1.784 billion in the same period of the previous fiscal year, but not as good as the US $3.964 billion in the previous fiscal quarter.</p><p>In terms of gross profit margin, the financial report showed that it was 46.4% under US GAAP, an increase of 16.3 percentage points from 30.1% in the same period of the previous fiscal year, and a decrease of 0.9 percentage points from 47.3% in the previous fiscal quarter; Under non-GAAP, it was 47%, which was also an increase year-on-year and a slight decline month-on-month.</p><p>In terms of net profit, it was US $2.306 billion under US GAAP, an increase of US $1.503 billion from US $803 million in the same period of the previous fiscal year, a year-on-year increase of 187%, but not as good as US $2.72 billion in the previous fiscal quarter, a quarter-on-quarter decrease of 15.2%; Under non-GAAP accounting standards, it was US $2.471 billion, which was also a significant year-on-year increase and a significant month-on-month decline.</p><p>For the next fiscal quarter, Micron Technology expects revenue to be US $7.5 billion in its financial report, up and down by US $200 million, that is, it is expected to be US $7.3-7.7 billion. The gross profit margin under US GAAP is expected to be 45%, up and down. 1 percentage point.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a1a8c5698b6f32ee1637556a15bb35b","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4527":"明星科技股","BK4512":"苹果概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4553":"喜马拉雅资本持仓","BK4566":"资本集团","MU":"美光科技","BK4141":"半导体产品","BK4554":"元宇宙及AR概念"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110282533","content_text":"12月21日，美光科技盘前涨超7%，Q1营收同比增长33%，净利润同比增长超180%\n\n从财报来看，在截至12月2日的2022财年的第一财季，美光科技营收76.87亿美元，较上一财年同期的57.73亿美元增加19.14亿美元，同比增长33%；较上一财季的82.74亿美元减少5.87亿美元，环比下滑7.1%。\n毛利润方面，财报显示在美国通用会计准则下为35.65亿美元，上一财年同期为17.36亿美元，同比翻番，但不及上一财季的39.12亿美元；非美国通用会计准则下为36.16亿美元，较上一财年同期的17.84亿美元也翻番，但也不及上一财季的39.64亿美元。\n毛利润率方面，财报显示在美国通用会计准则下为46.4%，较上一财年同期的30.1%提升16.3个百分点，较上一财季的47.3%下滑0.9个百分点；非美国通用会计准则下为47%，也是同比有提升，环比略有下滑。\n净利润方面，在美国通用会计准则下为23.06亿美元，较上一财年同期的8.03亿美元增加15.03亿美元，同比大增187%，但不及上一财季的27.2亿美元，环比下滑15.2%；非美国通用会计准则下为24.71亿美元，也是同比大幅增加，环比明显下滑。\n对于下一财季，美光科技在财报中预计营收75亿美元，上下浮动2亿美元，也就是预计在73-77亿美元，美国通用会计准则下的毛利润率预计为45%，上下浮动1个百分点。","news_type":1,"symbols_score_info":{"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":1429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000108243,"gmtCreate":1639977802277,"gmtModify":1676533497153,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000108243","repostId":"1162181744","repostType":4,"repost":{"id":"1162181744","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":1639977228,"share":"https://ttm.financial/m/news/1162181744?lang=en_US&edition=fundamental","pubTime":"2021-12-20 13:13","market":"hk","language":"zh","title":"Market Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1162181744","media":"老虎资讯综合","summary":"2021年圣诞节假期即将来临，部分交易所的早市开市和收市时间有所变动，敬请各位投资者密切留意。圣诞节，基督教纪念耶稣诞生的重要节日。亦称耶稣圣诞节、主降生节，天主教亦称耶稣圣诞瞻礼。有人认为选择这天庆祝圣诞，是因为基督教徒认为耶稣就是正义、永恒的太阳。现在西方在圣诞节常互赠礼物，举行欢宴，并以圣诞老人、圣诞树等增添节日气氛，已成为普遍习俗。圣诞节也成为西方世界以及其他很多地区的公共假日。","content":"<p>The Christmas holiday in 2021 is approaching, and the morning opening and closing times of some exchanges have changed. Investors are requested to pay close attention.</p><p><b>Christmas Holiday Closing Calendar:</b><img src=\"https://static.tigerbbs.com/fd405edf546bb274fc55527b88670174\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"><b>US stocks:</b></p><p>December 24 (Friday)<b>The market is closed all day on Christmas Eve.</b></p><p><b>Singapore:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon.</b></p><p><b>Hong Kong stocks:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon;</b></p><p>December 27 (Monday)<b>The market is closed all day.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>December 24 (Friday)<b>No service offered.</b></p><p>December 27 (Monday)<b>No service offered.</b></p><p><b>Hong Kong Stock Connect:</b></p><p>December 24 (Friday)<b>Half-day trading day, the service will be closed in the afternoon;</b></p><p>December 27 (Monday)<b>No service provided</b>。</p><p><b>Australia:</b></p><p>December 24 (Friday)<b>Early market closure;</b></p><p>December 27 (Monday)<b>Closed all day</b>；</p><p>December 28 (Tuesday)<b>Closed all day on Boxing Day.</b></p><p><b>Among them, December 25th and December 26th are closed for weekends.</b></p><p><b>Background information:</b></p><p>Christmas, an important Christian holiday to commemorate the birth of Jesus. Also known as Christmas Day and Nativity Day, Catholicism is also known as Christmas Day. The date of the birth of Jesus is not recorded in the Bible. In 336 AD, the Roman church began to celebrate this feast on December 25th. December 25th was originally the birthday of the sun god stipulated by the Roman Empire. Some people think that this day is chosen to celebrate Christmas because Christians think that Jesus is the sun of justice and eternity. After the middle of the 5th century, Christmas, as an important holiday, became a church tradition and gradually spread among the eastern and western churches. Due to different calendars and other reasons, the specific dates and forms of activities held by different sects are also different. Christmas custom spread to Asia mainly in the middle of 19th century, and Japan, South Korea, etc. were influenced by Christmas culture. Nowadays, it has become a common custom in the West to give gifts to each other, hold banquets, and add festive atmosphere with Santa Claus and Christmas trees at Christmas Day. Christmas has also become a public holiday in the western world and many other regions.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday\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\">2021-12-20 13:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Christmas holiday in 2021 is approaching, and the morning opening and closing times of some exchanges have changed. Investors are requested to pay close attention.</p><p><b>Christmas Holiday Closing Calendar:</b><img src=\"https://static.tigerbbs.com/fd405edf546bb274fc55527b88670174\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"><b>US stocks:</b></p><p>December 24 (Friday)<b>The market is closed all day on Christmas Eve.</b></p><p><b>Singapore:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon.</b></p><p><b>Hong Kong stocks:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon;</b></p><p>December 27 (Monday)<b>The market is closed all day.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>December 24 (Friday)<b>No service offered.</b></p><p>December 27 (Monday)<b>No service offered.</b></p><p><b>Hong Kong Stock Connect:</b></p><p>December 24 (Friday)<b>Half-day trading day, the service will be closed in the afternoon;</b></p><p>December 27 (Monday)<b>No service provided</b>。</p><p><b>Australia:</b></p><p>December 24 (Friday)<b>Early market closure;</b></p><p>December 27 (Monday)<b>Closed all day</b>；</p><p>December 28 (Tuesday)<b>Closed all day on Boxing Day.</b></p><p><b>Among them, December 25th and December 26th are closed for weekends.</b></p><p><b>Background information:</b></p><p>Christmas, an important Christian holiday to commemorate the birth of Jesus. Also known as Christmas Day and Nativity Day, Catholicism is also known as Christmas Day. The date of the birth of Jesus is not recorded in the Bible. In 336 AD, the Roman church began to celebrate this feast on December 25th. December 25th was originally the birthday of the sun god stipulated by the Roman Empire. Some people think that this day is chosen to celebrate Christmas because Christians think that Jesus is the sun of justice and eternity. After the middle of the 5th century, Christmas, as an important holiday, became a church tradition and gradually spread among the eastern and western churches. Due to different calendars and other reasons, the specific dates and forms of activities held by different sects are also different. Christmas custom spread to Asia mainly in the middle of 19th century, and Japan, South Korea, etc. were influenced by Christmas culture. Nowadays, it has become a common custom in the West to give gifts to each other, hold banquets, and add festive atmosphere with Santa Claus and Christmas trees at Christmas Day. Christmas has also become a public holiday in the western world and many other regions.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b0bd5f24d72744aeaebc881c2776550f","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162181744","content_text":"2021年圣诞节假期即将来临，部分交易所的早市开市和收市时间有所变动，敬请各位投资者密切留意。\n圣诞节假期休市日历：美股：\n12月24日（周五）平安夜全天休市。\n新加坡：\n12月24日（周五）半天交易日，下午休市。\n港股：\n12月24日（周五）半天交易日，下午休市；\n12月27日（周一）全天休市。\n沪股通、深股通：\n12月24日（周五）不提供服务。\n12月27日（周一）不提供服务。\n港股通：\n12月24日（周五）半天交易日，下午关闭服务；\n12月27日（周一）不提供服务。\n澳大利亚：\n12月24日（周五）提前休市；\n12月27日（周一）全天休市；\n12月28日（周二）节礼日全天休市。\n其中12月25日、12月26日为周末休市。\n背景资料：\n圣诞节，基督教纪念耶稣诞生的重要节日。亦称耶稣圣诞节、主降生节，天主教亦称耶稣圣诞瞻礼。耶稣诞生的日期，《圣经》并无记载。公元336年罗马教会开始在12月25日过此节。12月25日原是罗马帝国规定的太阳神诞辰。有人认为选择这天庆祝圣诞，是因为基督教徒认为耶稣就是正义、永恒的太阳。5世纪中叶以后，圣诞节作为重要节日，成了教会的传统，并在东西派教会中逐渐传开。因所用历法不同等原因，各教派会举行庆祝的具体日期和活动形式也有差别。圣诞节习俗传播到亚洲主要是在十九世纪中叶，日本、韩国等都受到了圣诞文化的影响。现在西方在圣诞节常互赠礼物，举行欢宴，并以圣诞老人、圣诞树等增添节日气氛，已成为普遍习俗。圣诞节也成为西方世界以及其他很多地区的公共假日。","news_type":1,"symbols_score_info":{".IXIC":0.9,"HSTECH":0.9,".SPX":0.9,"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000387046,"gmtCreate":1639887609659,"gmtModify":1676533495733,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000387046","repostId":"1157242929","repostType":4,"repost":{"id":"1157242929","kind":"news","pubTimestamp":1639882937,"share":"https://ttm.financial/m/news/1157242929?lang=en_US&edition=fundamental","pubTime":"2021-12-19 11:02","market":"other","language":"zh","title":"The Netherlands enters a total lockdown! Become the first EU country to return to lockdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1157242929","media":"华尔街见闻","summary":"这是荷兰政府自2020年以来实施的最严厉的封锁。","content":"<p>Author: Ying Yiru</p><p>With the rapid increase of cases infected with the Omicron variant strain, Holland became the first EU country to re-enter a strict national blockade in response to the spread of the Omicron variant, which caused a widespread stagnation of economic activity in the country. The blockade lasted at least until mid-January next year.</p><p>On Saturday night local time, Dutch caretaker Prime Minister Mark Rutte announced that from Sunday to January 14th, all shops, bars and restaurants selling non-essential goods in the Netherlands will be closed, while universities and primary and secondary schools will also be closed until January 9th.</p><p>Similarly, the lockdown measures also apply to private parties and celebrations. Rutte pointed out that Dutch residents are only allowed to receive two visitors except for Christmas and New Year, while the number of visitors can be relaxed to four for Christmas and New Year.</p><p>\"From tomorrow, Holland will go into lockdown again,\" he added, adding that the move was \"inevitable as the fifth wave [of the pandemic] caused by the Omicron variant is approaching us\".</p><p>He also said, \"I can hear the whole Dutch people sigh.... This all happened a week before Christmas, which is another completely different Christmas than we wanted. This is another bad news for those businesses and cultural institutions that rely on holidays.\"</p><p>It is the toughest lockdown imposed by the Dutch government since 2020, and was announced after an emergency cabinet meeting on Saturday and follows advice from Dutch health authorities that a \"hard\" lockdown is urgently needed.</p><p>In 2020, during the first phase of the virus, the Dutch government initially opted for a lighter, so-called \"smart lockdown\". But this year, in the face of soaring case rates and hospitalisations, Britain has been forced to take the toughest measures any country in the European Union has ever seen. The Rutte government in the Netherlands has come under fire after lifting almost all restrictions in September, leading to a surge in infections in the autumn.</p><p>In the last 24 hours, the Netherlands added 14,742 new positive cases of Novel Coronavirus. New cases in the past month surpassed the peak of 24,000 in November last year, and the Dutch health authority has suggested that stricter measures are needed to control the highly contagious Omicron virus.</p><p>Countries take action to deal with Omicron</p><p>However, the Netherlands is not the only country that has taken action. France, Denmark and Ireland have also taken various prevention and control measures. For example, Paris, France canceled the fireworks show on New Year's Eve; Denmark closed theaters, concert halls, amusement parks and museums; Ireland has imposed a curfew after 8pm on pubs and limited the number of people attending indoor and outdoor events.</p><p>In a speech to the nation on Friday night local time, Irish Prime Minister Micheal Martin expressed his views on the epidemic situation on the European continent. He said that new restrictions are needed to protect people's lives and daily lives from the resurgence of the virus.</p><p>Martin said: \"None of this is easy. We are all exhausted by Novel Coronavirus and all kinds of prevention and control measures it brings. Frustration, disappointment and frustration have hit everyone hard. But this is the reality we are facing now.\"</p><p>Spanish Prime Minister Jean Castex also said on Friday that the government recommended requiring individuals to provide proof of vaccination when entering restaurants, cafes and other public places as the Omicron variant is spreading like a \"lightning bolt\". However, this action needs parliamentary approval.</p><p>In the UK, the number of confirmed daily COVID-19 cases soared to record levels this week, with the government re-requiring people to wear masks indoors and requiring people to show proof of vaccination or a recent nucleic acid test when going to nightclubs and large events.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Netherlands enters a total lockdown! Become the first EU country to return to lockdown</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 Netherlands enters a total lockdown! Become the first EU country to return to lockdown\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-19 11:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Ying Yiru</p><p>With the rapid increase of cases infected with the Omicron variant strain, Holland became the first EU country to re-enter a strict national blockade in response to the spread of the Omicron variant, which caused a widespread stagnation of economic activity in the country. The blockade lasted at least until mid-January next year.</p><p>On Saturday night local time, Dutch caretaker Prime Minister Mark Rutte announced that from Sunday to January 14th, all shops, bars and restaurants selling non-essential goods in the Netherlands will be closed, while universities and primary and secondary schools will also be closed until January 9th.</p><p>Similarly, the lockdown measures also apply to private parties and celebrations. Rutte pointed out that Dutch residents are only allowed to receive two visitors except for Christmas and New Year, while the number of visitors can be relaxed to four for Christmas and New Year.</p><p>\"From tomorrow, Holland will go into lockdown again,\" he added, adding that the move was \"inevitable as the fifth wave [of the pandemic] caused by the Omicron variant is approaching us\".</p><p>He also said, \"I can hear the whole Dutch people sigh.... This all happened a week before Christmas, which is another completely different Christmas than we wanted. This is another bad news for those businesses and cultural institutions that rely on holidays.\"</p><p>It is the toughest lockdown imposed by the Dutch government since 2020, and was announced after an emergency cabinet meeting on Saturday and follows advice from Dutch health authorities that a \"hard\" lockdown is urgently needed.</p><p>In 2020, during the first phase of the virus, the Dutch government initially opted for a lighter, so-called \"smart lockdown\". But this year, in the face of soaring case rates and hospitalisations, Britain has been forced to take the toughest measures any country in the European Union has ever seen. The Rutte government in the Netherlands has come under fire after lifting almost all restrictions in September, leading to a surge in infections in the autumn.</p><p>In the last 24 hours, the Netherlands added 14,742 new positive cases of Novel Coronavirus. New cases in the past month surpassed the peak of 24,000 in November last year, and the Dutch health authority has suggested that stricter measures are needed to control the highly contagious Omicron virus.</p><p>Countries take action to deal with Omicron</p><p>However, the Netherlands is not the only country that has taken action. France, Denmark and Ireland have also taken various prevention and control measures. For example, Paris, France canceled the fireworks show on New Year's Eve; Denmark closed theaters, concert halls, amusement parks and museums; Ireland has imposed a curfew after 8pm on pubs and limited the number of people attending indoor and outdoor events.</p><p>In a speech to the nation on Friday night local time, Irish Prime Minister Micheal Martin expressed his views on the epidemic situation on the European continent. He said that new restrictions are needed to protect people's lives and daily lives from the resurgence of the virus.</p><p>Martin said: \"None of this is easy. We are all exhausted by Novel Coronavirus and all kinds of prevention and control measures it brings. Frustration, disappointment and frustration have hit everyone hard. But this is the reality we are facing now.\"</p><p>Spanish Prime Minister Jean Castex also said on Friday that the government recommended requiring individuals to provide proof of vaccination when entering restaurants, cafes and other public places as the Omicron variant is spreading like a \"lightning bolt\". However, this action needs parliamentary approval.</p><p>In the UK, the number of confirmed daily COVID-19 cases soared to record levels this week, with the government re-requiring people to wear masks indoors and requiring people to show proof of vaccination or a recent nucleic acid test when going to nightclubs and large events.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3647635\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e3d2a20a42b754efec204a63b7fa6c24","relate_stocks":{"BK1515":"抗疫概念","BK4568":"美国抗疫概念"},"source_url":"https://wallstreetcn.com/articles/3647635","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1157242929","content_text":"作者：应依汝\n随着感染奥密克戎变异毒株的病例迅速增加，荷兰成为第一个重新进入严格全国封锁的欧盟国家，以应对奥密克戎变异毒株的传播，该变种病毒导致该国经济活动大面积停滞，封锁情况至少持续到明年1月中旬。\n当地时间周六晚，荷兰看守政府首相马克·吕特宣布，从周日开始至1月14日，荷兰所有销售非必需品的商店、酒吧和餐馆都将关闭，同时，大学和中小学校也将关闭，直至1月9日。\n同样，该项封锁措施也适用于私人聚会和庆祝活动。吕特指出，除了圣诞节和新年，荷兰居民只允许接待两名访客，而圣诞节和新年，访客数量可以放宽至四名。\n“从明天起，荷兰将再次进入封锁状态，”他补充说，此举“是不可避免的，因为奥密克戎变异病毒引发的第五波（疫情）正在向我们逼近”。\n他还表示，“我能听到整个荷兰人都在叹息....这一切都发生在圣诞节的前一周，这又是一个与我们想要的完全不同的圣诞节。对那些依赖假期的企业和文化机构来说，这又是一个坏消息。”\n这是荷兰政府自2020年以来实施的最严厉的封锁，是在周六召开紧急内阁会议后宣布的，并遵循了荷兰卫生当局的建议，即迫切需要“硬”封锁。\n2020年，在病毒的第一阶段，荷兰政府最初选择了一种较轻的、所谓的“智能封锁”。但今年，面对不断飙升的病例率和住院率，英国被迫采取了欧盟所有国家所见过的最严厉的措施。荷兰吕特政府在9月份取消了几乎所有的限制，导致秋季感染激增，因此备受抨击。\n在过去24小时内，荷兰新增了14742例新冠病毒阳性病例。过去一个月的新增病例超过了去年11月的2.4万的峰值，荷兰卫生局建议需要采取更严格的措施来控制高传染性的奥密克戎病毒。\n各国采取行动应对奥密克戎\n不过荷兰并非采取行动的唯一国家，法国、丹麦和爱尔兰等国也采取了各种防控措施。例如法国巴黎取消了新年前夜的烟花表演；丹麦关闭了剧院、音乐厅、游乐园和博物馆；爱尔兰对酒吧实施了晚上8点后的宵禁，并限制参加室内和室外活动的人数。\n爱尔兰总理米歇尔·马丁在当地时间周五晚上对全国的讲话中表达了对欧洲大陆疫情形势的看法，他表示，需要采取新的限制措施，以保护人民生命和日常生活免受病毒卷土重来的影响。\n马丁表示：“这一切都不容易。我们都被新冠病毒及其所带来的各种防控措施弄得筋疲力尽。挫折、失望和挫折对每个人都有沉重的打击。但这正是我们现在面对的现实。”\n西班牙总理让·卡斯特克斯也在周五表示，由于奥密克戎变异病毒正在像“闪电”一样传播，政府建议要求个人进入餐馆、咖啡馆和其他公共场所提供疫苗接种证明。不过，这一行动需要议会的批准。\n在英国，每日新冠确诊病例数量本周飙升至创纪录水平，政府重新要求人们在室内戴口罩，并要求人们在去夜店和大型活动时出示疫苗接种证明或最近的核酸检测证明。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1031,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000942995,"gmtCreate":1639775518780,"gmtModify":1676533494246,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"🔥","listText":"🔥","text":"🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000942995","repostId":"1174524006","repostType":4,"repost":{"id":"1174524006","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":1639755925,"share":"https://ttm.financial/m/news/1174524006?lang=en_US&edition=fundamental","pubTime":"2021-12-17 23:45","market":"us","language":"zh","title":"[Change] WSB concept stocks rose, AMC theaters rose more than 17%","url":"https://stock-news.laohu8.com/highlight/detail?id=1174524006","media":"老虎资讯综合","summary":"12月17日，WSB概念股逆势上涨，AMC院线涨超17%，BioCryst制药涨超8%，游戏驿站涨超7%，高斯电子、黑莓涨超3%。","content":"<p>On December 17, WSB concept stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/AMC.US\">AMC Cinemas</a>Rose more than 17%,<a href=\"https://laohu8.com/S/BCRX.US\">BioCryst Pharmaceutical</a>Rose more than 8%,<a href=\"https://laohu8.com/S/GME.US\">GameStop</a>Rose more than 7%,<a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>, BlackBerry rose more than 3%.<img src=\"https://static.tigerbbs.com/e6b6a0ac792932c2b86db45be630200c\" 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>[Change] WSB concept stocks rose, AMC theaters rose more than 17%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] WSB concept stocks rose, AMC theaters rose more than 17%\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\">2021-12-17 23:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 17, WSB concept stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/AMC.US\">AMC Cinemas</a>Rose more than 17%,<a href=\"https://laohu8.com/S/BCRX.US\">BioCryst Pharmaceutical</a>Rose more than 8%,<a href=\"https://laohu8.com/S/GME.US\">GameStop</a>Rose more than 7%,<a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>, BlackBerry rose more than 3%.<img src=\"https://static.tigerbbs.com/e6b6a0ac792932c2b86db45be630200c\" 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/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"BK4108":"电影和娱乐","BK4547":"WSB热门概念","AMC":"AMC院线"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174524006","content_text":"12月17日，WSB概念股逆势上涨，AMC院线涨超17%，BioCryst制药涨超8%，游戏驿站涨超7%，高斯电子、黑莓涨超3%。","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000916779,"gmtCreate":1639718605656,"gmtModify":1676533493073,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000916779","repostId":"2192928723","repostType":4,"repost":{"id":"2192928723","kind":"news","pubTimestamp":1639718473,"share":"https://ttm.financial/m/news/2192928723?lang=en_US&edition=fundamental","pubTime":"2021-12-17 13:21","market":"sh","language":"zh","title":"Tianfeng Macro: The Fed beats rate hike with rate hike expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2192928723","media":"雪涛宏观笔记 ","summary":"12月FOMC会议上鲍威尔没有对加息时间给任何明确指引，也明确表态不会在Taper时加息，承认通胀超出了联储预测框架的同时，也降低了通胀在联储决策框架中的影响。点阵图“明年三次加息”的预测并不牢靠。当前美国的经济状态类似2018年下半年，经济刚有向下的苗头，联储还在滞后性收缩，未来货币政策态度发生180度转向是可能的，类似2018年底-2019年初。目的是打压通胀预期，避免通胀预期自我强化为通胀螺旋，最终被迫加息。","content":"<p>At the December FOMC meeting, Powell did not give any clear guidance on rate hike time, and made it clear that he would not rate hike at Taper. He admitted that while inflation exceeded the Fed's forecast framework, it also reduced the impact of inflation in the Fed's decision-making framework. The dot plot's prediction of \"three rate hike next year\" is not reliable. The current economic state of the United States is similar to that of the second half of 2018. The economy has just shown signs of downward trend, and the Federal Reserve is still contracting with a lag. It is possible that the attitude of monetary policy will change 180 degrees in the future, similar to the end of 2018 to the beginning of 2019.<b>Text: Tianfeng Macro Song Xuetao/Contact person Xiang Jingshu</b></p><p>At the FOMC interest rate meeting in December, the Federal Reserve announced the acceleration of Taper as scheduled. According to the current pace, net asset purchases will end in the first quarter of next year.<b>Regarding the rate hike decision-making that the market is most concerned about, Powell did not give any clear guidance on rate hike time, and also made it clear that he would not rate hike during Taper.</b>。</p><p><b>After the announcement of the resolution, risk assets turned from falling to rising.</b>The market reaction this time was similar to that before and after the November interest rate meeting. Before the meeting, the market's hawkish expectations were very full. The wording of the meeting was hawkish but the decision was in line with expectations, and then the index rebounded. (See Figure 1)</p><p>The Fed deleted the wording \"temporary inflation\" in its statement and decided to double the scale of QE reductions from the current $15 billion per month to $30 billion-<b>Powell announced these two changes at a congressional hearing earlier this month</b>。 The purpose is to suppress inflation expectations and prevent inflation expectations from self-reinforcing into an inflation spiral, which will eventually be forced to rate hike. (see details<b>The Deep Meaning of Powell's Congressional Statement</b>）</p><p>In the subsequent reporter question and answer, Powell emphasized the importance of \"full employment\" in rate hike decision-making, and made it clear that \"the Fed's view of the job market is more important than a dot plot\", acknowledging that inflation exceeds the Fed's forecast framework. It also reduces the impact of inflation in the Fed's decision-making framework.</p><p><b>There are two scenarios for triggering a rate hike in the future.</b>The trigger point of the first scenario is high. The continued rise in wages pushes up inflation expectations. Inflation expectations reinforce themselves into an inflation spiral, and the Federal Reserve is forced to advance rate hike. The trigger point of the second scenario is lower, provided that inflation is not out of control, the Fed judges that the economy has reached the threshold of \"full employment\", the economy continues to overheat higher than the potential growth rate, and the Fed takes the initiative to rate hike.</p><p>The first scenario is the worst outcome for the market, with corporate profits squeezed by salary costs and financing costs, and valuations squeezed by higher interest rates. So<b>When the Fed used accelerated taper and changed wording on inflation to suppress inflation expectations, the market performed more positively</b>。 The second scenario is still the most ideal situation, but the current low labor force participation rate is a major obstacle before \"full employment\".</p><p><b>In fact, the second-order inflection point of U.S. inflation has appeared.</b>In November, the CPI was 0.8% month-on-month, and the salary growth rate was 0.3% month-on-month, both down from the previous month. In addition, ocean freight rates have fallen for eight consecutive weeks, and the number of containers stranded at ports has also decreased by one third. The chip shortage is easing,<a href=\"https://laohu8.com/S/GM\">General Motors</a>And<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Mobile phones all indicate that the delivery time is shortened and the production tends to be normal. (see Figures 2, 3, 4, 5)</p><p>In the future, when the bottleneck of the supply chain is significantly alleviated and transportation returns to normal, wholesalers who have been excessively accumulated due to supply chain disorders will significantly reduce orders, reduce prices to clear inventory, and plague the shortages of the supply chain<a href=\"https://laohu8.com/S/BLS.SI\">Hetong</a>Inflation problems may turn into destocking and deflation. We expect that the U.S. CPI will fall rapidly in the second quarter of next year, when the necessity of rate hike will be greatly reduced. (See Figure 6. For details of excessive inventory accumulation in the supply chain, see<b>\"Hoarding three or five more buckets\"</b>）</p><p><b>However, the dot plot's prediction of \"three rate hike next year\" is actually not reliable.</b>Historically, the dot plot is based on the linear extrapolation of the Fed's voting committee's economic and inflation situation at that time, which is often quite different from the actual monetary policy later. In 2015, 2016, 2019, and 2020, the number of economic and rate hike was significantly overestimated. (see Table 1)</p><p><b>The current state of the U.S. economy is similar to that of the second half of 2018</b>, the economy has just shown signs of decline (the quarter-on-quarter GDP growth rate dropped to 2.0% in the third quarter), but the Federal Reserve is still contracting with a lag. Therefore, it is possible that the attitude of monetary policy will change 180 degrees in the future, similar to the end of 2018 to the beginning of 2019.</p><p><table><tbody><tr><td>Figure 1: Trends of SPX and NASDAQ since November this year</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/8900d11fe3cc01b2730f71e382afd939\" tg-width=\"550\" tg-height=\"313\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Fred,<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 2: Month-on-month growth rate of CPI and month-on-month salary growth rate this year (bar chart)</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/1d5c028abed46aa42dec6cb0f7f9ecae\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Fred, TF Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 3: Decrease in average ocean freight rates for 40-foot containers</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/5c1ae11f2ff5a568aed3763d6340df28\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Drewry, TF Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 4: Sea freight rates on various routes began to decline in November</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/d8913b06db1b29513473ef804ca0fb98\" tg-width=\"550\" tg-height=\"297\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Clarksons Research, TF Securities Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 5: Semiconductor inventories expected to pick up</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/a4233ae6136f0bb9c1cb9dac7af41ee8\" tg-width=\"550\" tg-height=\"376\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Gartner, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 6: CPI forecast to accelerate decline after the second quarter of next year</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/95dbf78c0097af5e6efa444daf75ace9\" tg-width=\"550\" tg-height=\"315\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Bloomberg, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Table 1: Differences between dot plot and actual monetary policy</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/80c41c414b6009e82500218263486edd\" tg-width=\"445\" tg-height=\"429\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Bloomberg, Fred, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table></p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nTianfeng Macro: The Fed beats rate hike with rate hike expectations\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">雪涛宏观笔记 </strong><span class=\"h-time small\">2021-12-17 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At the December FOMC meeting, Powell did not give any clear guidance on rate hike time, and made it clear that he would not rate hike at Taper. He admitted that while inflation exceeded the Fed's forecast framework, it also reduced the impact of inflation in the Fed's decision-making framework. The dot plot's prediction of \"three rate hike next year\" is not reliable. The current economic state of the United States is similar to that of the second half of 2018. The economy has just shown signs of downward trend, and the Federal Reserve is still contracting with a lag. It is possible that the attitude of monetary policy will change 180 degrees in the future, similar to the end of 2018 to the beginning of 2019.<b>Text: Tianfeng Macro Song Xuetao/Contact person Xiang Jingshu</b></p><p>At the FOMC interest rate meeting in December, the Federal Reserve announced the acceleration of Taper as scheduled. According to the current pace, net asset purchases will end in the first quarter of next year.<b>Regarding the rate hike decision-making that the market is most concerned about, Powell did not give any clear guidance on rate hike time, and also made it clear that he would not rate hike during Taper.</b>。</p><p><b>After the announcement of the resolution, risk assets turned from falling to rising.</b>The market reaction this time was similar to that before and after the November interest rate meeting. Before the meeting, the market's hawkish expectations were very full. The wording of the meeting was hawkish but the decision was in line with expectations, and then the index rebounded. (See Figure 1)</p><p>The Fed deleted the wording \"temporary inflation\" in its statement and decided to double the scale of QE reductions from the current $15 billion per month to $30 billion-<b>Powell announced these two changes at a congressional hearing earlier this month</b>。 The purpose is to suppress inflation expectations and prevent inflation expectations from self-reinforcing into an inflation spiral, which will eventually be forced to rate hike. (see details<b>The Deep Meaning of Powell's Congressional Statement</b>）</p><p>In the subsequent reporter question and answer, Powell emphasized the importance of \"full employment\" in rate hike decision-making, and made it clear that \"the Fed's view of the job market is more important than a dot plot\", acknowledging that inflation exceeds the Fed's forecast framework. It also reduces the impact of inflation in the Fed's decision-making framework.</p><p><b>There are two scenarios for triggering a rate hike in the future.</b>The trigger point of the first scenario is high. The continued rise in wages pushes up inflation expectations. Inflation expectations reinforce themselves into an inflation spiral, and the Federal Reserve is forced to advance rate hike. The trigger point of the second scenario is lower, provided that inflation is not out of control, the Fed judges that the economy has reached the threshold of \"full employment\", the economy continues to overheat higher than the potential growth rate, and the Fed takes the initiative to rate hike.</p><p>The first scenario is the worst outcome for the market, with corporate profits squeezed by salary costs and financing costs, and valuations squeezed by higher interest rates. So<b>When the Fed used accelerated taper and changed wording on inflation to suppress inflation expectations, the market performed more positively</b>。 The second scenario is still the most ideal situation, but the current low labor force participation rate is a major obstacle before \"full employment\".</p><p><b>In fact, the second-order inflection point of U.S. inflation has appeared.</b>In November, the CPI was 0.8% month-on-month, and the salary growth rate was 0.3% month-on-month, both down from the previous month. In addition, ocean freight rates have fallen for eight consecutive weeks, and the number of containers stranded at ports has also decreased by one third. The chip shortage is easing,<a href=\"https://laohu8.com/S/GM\">General Motors</a>And<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Mobile phones all indicate that the delivery time is shortened and the production tends to be normal. (see Figures 2, 3, 4, 5)</p><p>In the future, when the bottleneck of the supply chain is significantly alleviated and transportation returns to normal, wholesalers who have been excessively accumulated due to supply chain disorders will significantly reduce orders, reduce prices to clear inventory, and plague the shortages of the supply chain<a href=\"https://laohu8.com/S/BLS.SI\">Hetong</a>Inflation problems may turn into destocking and deflation. We expect that the U.S. CPI will fall rapidly in the second quarter of next year, when the necessity of rate hike will be greatly reduced. (See Figure 6. For details of excessive inventory accumulation in the supply chain, see<b>\"Hoarding three or five more buckets\"</b>）</p><p><b>However, the dot plot's prediction of \"three rate hike next year\" is actually not reliable.</b>Historically, the dot plot is based on the linear extrapolation of the Fed's voting committee's economic and inflation situation at that time, which is often quite different from the actual monetary policy later. In 2015, 2016, 2019, and 2020, the number of economic and rate hike was significantly overestimated. (see Table 1)</p><p><b>The current state of the U.S. economy is similar to that of the second half of 2018</b>, the economy has just shown signs of decline (the quarter-on-quarter GDP growth rate dropped to 2.0% in the third quarter), but the Federal Reserve is still contracting with a lag. Therefore, it is possible that the attitude of monetary policy will change 180 degrees in the future, similar to the end of 2018 to the beginning of 2019.</p><p><table><tbody><tr><td>Figure 1: Trends of SPX and NASDAQ since November this year</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/8900d11fe3cc01b2730f71e382afd939\" tg-width=\"550\" tg-height=\"313\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Fred,<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 2: Month-on-month growth rate of CPI and month-on-month salary growth rate this year (bar chart)</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/1d5c028abed46aa42dec6cb0f7f9ecae\" tg-width=\"550\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Fred, TF Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 3: Decrease in average ocean freight rates for 40-foot containers</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/5c1ae11f2ff5a568aed3763d6340df28\" tg-width=\"550\" tg-height=\"302\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Drewry, TF Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 4: Sea freight rates on various routes began to decline in November</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/d8913b06db1b29513473ef804ca0fb98\" tg-width=\"550\" tg-height=\"297\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Clarksons Research, TF Securities Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 5: Semiconductor inventories expected to pick up</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/a4233ae6136f0bb9c1cb9dac7af41ee8\" tg-width=\"550\" tg-height=\"376\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Gartner, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Figure 6: CPI forecast to accelerate decline after the second quarter of next year</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/95dbf78c0097af5e6efa444daf75ace9\" tg-width=\"550\" tg-height=\"315\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Bloomberg, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table><table><tbody><tr><td>Table 1: Differences between dot plot and actual monetary policy</p><p></td></tr><tr><td><img src=\"https://static.tigerbbs.com/80c41c414b6009e82500218263486edd\" tg-width=\"445\" tg-height=\"429\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></td></tr><tr><td>Source: Bloomberg, Fred, Tianfeng Securities Research Institute</p><p></td></tr></tbody></table></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/money/forex/forexinfo/2021-12-17/doc-ikyakumx4678218.shtml\">雪涛宏观笔记 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a1de7aced7748879f251930783a3cb1","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DJX":"1/100道琼斯","UPRO":"三倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","IVV":"标普500ETF-iShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","OEX":"标普100","QID":"两倍做空纳斯达克指数ETF-ProShares","BK4534":"瑞士信贷持仓","DXD":"两倍做空道琼30指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF","BK4559":"巴菲特持仓","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite","UDOW":"三倍做多道指30ETF-ProShares","BK4550":"红杉资本持仓"},"source_url":"https://finance.sina.com.cn/money/forex/forexinfo/2021-12-17/doc-ikyakumx4678218.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2192928723","content_text":"12月FOMC会议上鲍威尔没有对加息时间给任何明确指引，也明确表态不会在Taper时加息，承认通胀超出了联储预测框架的同时，也降低了通胀在联储决策框架中的影响。点阵图“明年三次加息”的预测并不牢靠。当前美国的经济状态类似2018年下半年，经济刚有向下的苗头，联储还在滞后性收缩，未来货币政策态度发生180度转向是可能的，类似2018年底-2019年初。\n\n文：天风宏观宋雪涛/联系人向静姝\n12月FOMC议息会议上，美联储如期宣布加速Taper，按照当前的节奏，资产净购买将于明年一季度终结。对于市场最关心的加息决策，鲍威尔没有对加息时间给任何明确指引，也明确表态不会在Taper时加息。\n决议公布后，风险资产由跌转涨。这次的市场反应和11月议息会议前后相似，会议前市场的鹰派预期打的很满，会议的措辞偏鹰但决定符合预期，之后指数反弹。（见图1）\n联储在声明中删除了“暂时通胀”的措辞，并决定将QE减量规模从当前的每月150亿美元翻倍至300亿美元——这两处变化鲍威尔已在月初的国会听证会上作出预告。目的是打压通胀预期，避免通胀预期自我强化为通胀螺旋，最终被迫加息。（详见《鲍威尔国会表态的深意》）\n在随后的记者问答中，鲍威尔强调“充分就业”在加息决策中的重要性，并明确表示“联储对就业市场的看法比点阵图更重要”，承认通胀超出了联储预测框架的同时，也降低了通胀在联储决策框架中的影响。\n未来触发加息有两种情景。第一种情景的触发点靠前，薪资持续上涨推高通胀预期，通胀预期自我强化为通胀螺旋，联储被迫提前加息。第二种情景的触发点靠后，前提是通胀没有失控，联储判断经济已达“充分就业”的门槛，经济持续高于潜在增速出现过热，联储主动加息。\n第一种情景对市场而言是最差的结果，企业利润被薪资成本和融资成本压缩，估值被利率走高挤压。所以当联储用加速taper和改变对通胀的措辞来打压通胀预期时，市场的表现反而更加积极。第二种情景依然是最理想的情况，但当前较低的劳动参与率是横亘在“充分就业”前的一大障碍。\n实际上美国通胀的二阶导拐点已经出现。11月CPI环比0.8%，薪资增速环比0.3%，均较上月有所下行。另外海运运费已经连续八周下降，集装箱滞留港口的数量也减少了三分之一。芯片短缺正在缓解，通用汽车和苹果手机均表示交货时间缩短，生产趋于正常。（见图2、3、4、5）\n未来当供应链瓶颈明显缓解、运输恢复正常后，此前因为供应链紊乱而过度累库的批发商会大幅减少订单、降价清理库存，困扰供应链的缺货和通胀问题，可能会转为去库和通缩。我们预计明年2季度美国CPI将快速回落，届时加息的必要性将大大下降。（见图6，供应链过度累库详见《多囤了三五斗》）\n而点阵图“明年三次加息”的预测其实并不牢靠。从历史看，点阵图基于的是联储票委对当时经济和通胀情况的线性外推，与后来实际的货币政策往往大相径庭。2015、2016、2019、2020年都是明显高估了经济和加息次数。（见表1）\n当前美国的经济状态类似2018年下半年，经济刚有向下的苗头（3季度环比折年GDP增速降至2.0%），但联储还在滞后性收缩。因此未来货币政策态度发生180度转向是有可能的，类似2018年底-2019年初。\n\n\n\n图1：SPX和NASDAQ今年11月以来走势\n\n\n\n\n\n资料来源：Fred，天风证券研究所\n\n\n\n\n\n\n图2：今年以来CPI环比增速和薪资增速环比（柱状图）\n\n\n\n\n\n资料来源：Fred，天风证券研究所\n\n\n\n\n\n\n图3：40英尺集装箱的平均海运运费下降\n\n\n\n\n\n资料来源：Drewry，天风证券研究所\n\n\n\n\n\n\n图4：各航线海运运费在11月开始下降\n\n\n\n\n\n资料来源：Clarksons Research，天风证券研究所\n\n\n\n\n\n\n图5：半导体库存预计将回升\n\n\n\n\n\n资料来源：Gartner，天风证券研究所\n\n\n\n\n\n\n图6：CPI预测明年二季度后加速下滑\n\n\n\n\n\n资料来源：Bloomberg，天风证券研究所\n\n\n\n\n\n\n表1：点阵图与实际货币政策有差异\n\n\n\n\n\n资料来源：Bloomberg，Fred，天风证券研究所","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"QQQ":0.9,"PSQ":0.9,"OEF":0.9,"ESmain":0.9,"MNQmain":0.9,"UDOW":0.9,".IXIC":0.9,"SQQQ":0.9,"OEX":0.9,"IVV":0.9,"SPY":0.9,"SDS":0.9,"SSO":0.9,"QID":0.9,".DJI":0.9,"QLD":0.9,"SDOW":0.9,"TQQQ":0.9,"UPRO":0.9,"DDM":0.9,"DOG":0.9,"NQmain":0.9,"SH":0.9,".SPX":0.9,"SPXU":0.9,"DJX":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000055019,"gmtCreate":1639636248856,"gmtModify":1676533491643,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000055019","repostId":"2191999065","repostType":4,"repost":{"id":"2191999065","kind":"news","pubTimestamp":1639635076,"share":"https://ttm.financial/m/news/2191999065?lang=en_US&edition=fundamental","pubTime":"2021-12-16 14:11","market":"us","language":"zh","title":"Sister Wood with \"inconsistent words and deeds\": Selling Tesla after the fund fell","url":"https://stock-news.laohu8.com/highlight/detail?id=2191999065","media":"智通财经","summary":"智通财经APP获悉，ARK Invest 创始人、“木头姐”凯西伍德最近接受采访时表示，当公司的基金出现亏损时，ARK. 通常会将其头寸转向高信念的股票，如特斯拉、Roku、Teladoc. 从12月9日至14日，ARK多只基金下跌。下跌了9.1%，ARK Genomic Revolution Multi-Sector ETF 下跌了3.3%， ARK. 可以在不违反任何法规的情况下出售伍德暗示她正在购买的股票。时发表上述言论的，该ETF主要关注运营透明度较高的公司。","content":"<p>Cathie Wood, founder of ARK Invest, said in a recent interview that when a company's fund is losing money, ARK usually shifts its positions to high-conviction stocks, such as<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA.US), Roku (ROKU.US), Teladoc Health (TDOC.US), Block (SQ.US), Shopify (SHOP.US), etc.</p><p>However, analysis shows that in recent days, she has actually been selling some high-conviction stocks rather than buying them.</p><p>According to ARK's published transaction records, Wood didn't actually buy any high-conviction stocks other than Roku, but instead dumped shares of Tesla and Shopify:</p><p><img src=\"https://static.tigerbbs.com/552c805da9c9a80549df785faa7ce366\" tg-width=\"1074\" tg-height=\"203\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>ARK funds have been falling</b></p><p>A spokesperson for Ark didn't comment on the firm's move, but the deals appeared to run counter to what Wood described as a strategy during the Ark fund's downturn.</p><p>From December 9 to 14, many ARK funds fell.<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK.US) fell 7% and the ARK Autonomous Technology & Robotics ETF (ARKQ.US) fell 4.7%,<a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>(ARKW.US) fell 9.1%,<a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a>(ARKG.US) fell 3.3%, the ARK Fintech Innovation ETF (ARKF.US) fell 8%, and the ARK Space Exploration & Innovation ETF (ARKX.US) fell 2.6%.</p><p>Wood appeared to suggest in an interview that Ark would buy more of the company's high-conviction shares during this downturn rather than sell them.</p><p>\"When traditional asset managers manage their portfolios risk-averse, they diversify to get closer to their index,\" the Ark CEO said.</p><p>\"When they buy index stocks and then sell our (high conviction) stocks, we buy.\"</p><p><b>Is such a move illegal?</b></p><p>Rachel Spooner, a professor of securities law at Boston College's Carroll School of Management and a former federal prosecutor, said Ark could sell shares Wood suggested she was buying without violating any regulations.</p><p>Spooner said that as long as Wood showed good faith, prosecutors would not have prosecuted ARK for seemingly contradictory deals in such a short period of time.</p><p>\"If she was forced to change her mind in the best interests of investors, it doesn't matter if her behavior is inconsistent with what she said before.\"</p><p>But ironically, Wood was introducing ARK's newly formed company<a href=\"https://laohu8.com/S/CTRU\">ARK Transparency ETF</a>(CTRU.US) made the above comments, the ETF focuses on companies with higher operational transparency.</p><p>Wood said ARK believes transparency is important to its operations, which she said is \"very transparent.\"</p><p>Meanwhile, Wood continues to stick to his view of long-term deflation even as the U.S. CPI recently recorded its largest increase in 39 years.</p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sister Wood with \"inconsistent words and deeds\": Selling Tesla after the fund fell</title>\n<style 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}\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\">\nSister Wood with \"inconsistent words and deeds\": Selling Tesla after the fund fell\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\">2021-12-16 14:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cathie Wood, founder of ARK Invest, said in a recent interview that when a company's fund is losing money, ARK usually shifts its positions to high-conviction stocks, such as<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA.US), Roku (ROKU.US), Teladoc Health (TDOC.US), Block (SQ.US), Shopify (SHOP.US), etc.</p><p>However, analysis shows that in recent days, she has actually been selling some high-conviction stocks rather than buying them.</p><p>According to ARK's published transaction records, Wood didn't actually buy any high-conviction stocks other than Roku, but instead dumped shares of Tesla and Shopify:</p><p><img src=\"https://static.tigerbbs.com/552c805da9c9a80549df785faa7ce366\" tg-width=\"1074\" tg-height=\"203\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>ARK funds have been falling</b></p><p>A spokesperson for Ark didn't comment on the firm's move, but the deals appeared to run counter to what Wood described as a strategy during the Ark fund's downturn.</p><p>From December 9 to 14, many ARK funds fell.<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK.US) fell 7% and the ARK Autonomous Technology & Robotics ETF (ARKQ.US) fell 4.7%,<a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a>(ARKW.US) fell 9.1%,<a href=\"https://laohu8.com/S/ARKG\">ARK Genomic Revolution Multi-Sector ETF</a>(ARKG.US) fell 3.3%, the ARK Fintech Innovation ETF (ARKF.US) fell 8%, and the ARK Space Exploration & Innovation ETF (ARKX.US) fell 2.6%.</p><p>Wood appeared to suggest in an interview that Ark would buy more of the company's high-conviction shares during this downturn rather than sell them.</p><p>\"When traditional asset managers manage their portfolios risk-averse, they diversify to get closer to their index,\" the Ark CEO said.</p><p>\"When they buy index stocks and then sell our (high conviction) stocks, we buy.\"</p><p><b>Is such a move illegal?</b></p><p>Rachel Spooner, a professor of securities law at Boston College's Carroll School of Management and a former federal prosecutor, said Ark could sell shares Wood suggested she was buying without violating any regulations.</p><p>Spooner said that as long as Wood showed good faith, prosecutors would not have prosecuted ARK for seemingly contradictory deals in such a short period of time.</p><p>\"If she was forced to change her mind in the best interests of investors, it doesn't matter if her behavior is inconsistent with what she said before.\"</p><p>But ironically, Wood was introducing ARK's newly formed company<a href=\"https://laohu8.com/S/CTRU\">ARK Transparency ETF</a>(CTRU.US) made the above comments, the ETF focuses on companies with higher operational transparency.</p><p>Wood said ARK believes transparency is important to its operations, which she said is \"very transparent.\"</p><p>Meanwhile, Wood continues to stick to his view of long-term deflation even as the U.S. CPI recently recorded its largest increase in 39 years.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/623036.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/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"BK4548":"巴美列捷福持仓","TSLA":"特斯拉","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4551":"寇图资本持仓","BK4550":"红杉资本持仓","SHOP":"Shopify Inc"},"source_url":"http://www.zhitongcaijing.com/content/detail/623036.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2191999065","content_text":"ARK Invest 创始人、“木头姐”凯西•伍德(Cathie Wood)最近接受采访时表示，当公司的基金出现亏损时，ARK 通常会将其头寸转向高信念(high conviction)的股票，如特斯拉(TSLA.US)、Roku(ROKU.US)、Teladoc Health(TDOC.US)、Block(SQ.US)、Shopify(SHOP.US)等。 \n然而，分析显示，最近几天，她实际上是在抛售一些高信念股票，而不是买入。\n根据ARK公布的交易记录，伍德实际上并没有购买Roku以外的任何高信念股票，而是抛售了特斯拉和Shopify的股票:\nARK基金一直在下跌\nARK的发言人没有对该公司的举动发表任何评论，但这些交易似乎与伍德所说的Ark基金下滑时期的策略背道而驰。\n从12月9日至14日，ARK多只基金下跌。ARK Innovation ETF (ARKK.US)下跌了7%，ARK Autonomous Technology & Robotics ETF (ARKQ.US)下跌了4.7%，ARK Next Generation Internet ETF (ARKW.US)下跌了9.1%，ARK Genomic Revolution Multi-Sector ETF (ARKG.US)下跌了3.3%， ARK Fintech Innovation ETF (ARKF.US)下跌8%，ARK Space Exploration & Innovation ETF(ARKX.US)下跌2.6%。\n伍德接受采访时似乎暗示，在这种低迷时期，Ark将买入更多公司的高信念股票，而不是出售它们。\n“当传统资产管理公司在规避风险的情况下管理其投资组合时，他们会分散投资以更接近他们的指数，”这位Ark首席执行官表示。 \n“在他们买进指数股，然后卖出我们的(高信念)股票时，我们会买进。”\n这样的举动违法吗?\n波士顿学院卡罗尔管理学院证券法教授、前联邦检察官Rachel Spooner表示, Ark 可以在不违反任何法规的情况下出售伍德暗示她正在购买的股票。\nSpooner表示，只要伍德表现出诚意，检察官就不会因为这么短时间内看似矛盾的交易而起诉ARK。\n“如果她是为了投资者的最大利益而被迫改变主意，那么她的行为和之前说的不一致也没关系。”\n但具有讽刺意味的是，伍德是在介绍ARK公司新成立的ARK Transparency ETF (CTRU.US)时发表上述言论的，该ETF主要关注运营透明度较高的公司。\n伍德表示，ARK认为透明度对其运营非常重要，她表示ARK的运营“非常透明”。\n与此同时，尽管美国CPI最近录得39年来最大涨幅，但伍德仍继续坚持其长期通缩的看法。","news_type":1,"symbols_score_info":{"TSLA":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863693163,"gmtCreate":1632382082952,"gmtModify":1676530768536,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863693163","repostId":"1141141061","repostType":4,"repost":{"id":"1141141061","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":1632381324,"share":"https://ttm.financial/m/news/1141141061?lang=en_US&edition=fundamental","pubTime":"2021-09-23 15:15","market":"us","language":"zh","title":"XPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units","url":"https://stock-news.laohu8.com/highlight/detail?id=1141141061","media":"老虎资讯综合","summary":"小鹏汽车：小鹏P7累计交付达到5万台。2020年7月—2021年9月，仅历时15个月，小鹏P7完成了从0到50000台的交付里程碑，感谢五万鹏友的选择和信任，与我们一起共同创造了最快的交付记录！","content":"<p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>: The cumulative delivery of XPeng P7 reached 50,000 units. From July 2020 to September 2021, in just 15 months, XPeng P7 completed the delivery milestone from 0 to 50,000 units. Thanks to 50,000 Pengyou for their choice and trust, they created the fastest delivery record with us!</p><p><img src=\"https://static.tigerbbs.com/0ae8702193724e6fc8fa8de43b74ee2d\" 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>XPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units</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\">\nXPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units\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\">2021-09-23 15:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>: The cumulative delivery of XPeng P7 reached 50,000 units. From July 2020 to September 2021, in just 15 months, XPeng P7 completed the delivery milestone from 0 to 50,000 units. Thanks to 50,000 Pengyou for their choice and trust, they created the fastest delivery record with us!</p><p><img src=\"https://static.tigerbbs.com/0ae8702193724e6fc8fa8de43b74ee2d\" 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/401f7adefb705cb1d679bb39b97c03e1","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141141061","content_text":"小鹏汽车：小鹏P7累计交付达到5万台。2020年7月—2021年9月，仅历时15个月，小鹏P7完成了从0到50000台的交付里程碑，感谢五万鹏友的选择和信任，与我们一起共同创造了最快的交付记录！","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869249457,"gmtCreate":1632297416079,"gmtModify":1676530745803,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869249457","repostId":"1127590133","repostType":4,"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860440092,"gmtCreate":1632203250016,"gmtModify":1676530724634,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582212677594923","authorIdStr":"3582212677594923"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860440092","repostId":"2169687246","repostType":4,"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":889485020,"gmtCreate":1631169740560,"gmtModify":1676530486022,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/889485020","repostId":"1185386950","repostType":4,"repost":{"id":"1185386950","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":1631151022,"share":"https://ttm.financial/m/news/1185386950?lang=en_US&edition=fundamental","pubTime":"2021-09-09 09:30","market":"hk","language":"zh","title":"The winning rate of one lot of Helen Division is 60%, and the subscription of 3 lots is stable","url":"https://stock-news.laohu8.com/highlight/detail?id=1185386950","media":"老虎资讯综合","summary":"每股定价19.77港元，每手500股，预期9月10日上市。","content":"<p>News on September 9,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>An announcement was issued that the company issued approximately 135 million shares.<b>Priced at HK $19.77 per share, 500 shares per lot, it is expected to be listed on September 10.</b>During the public offering stage, Helen Division was subscribed 30.8 times, and the final number of offer shares allocated to the public offering was 40.395 million shares, accounting for approximately 30% of the total number of offer shares (before any over-allotment option is exercised). A total of 27,968 valid applications were received, with a winning rate of 60% for one lot, and 3 subscriptions were secure for one lot.</p><p>The international offering has been significantly oversubscribed, with the final number of offer shares being 94.255 million shares, equivalent to 70% of the total number of offer shares (before any over-allotment option is exercised). The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/96659e5ee07810763c2260a23ef13882\" tg-width=\"700\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution results</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 60%. If you subscribe for 3 lots, you will secure one lot.</p><p>The head of Group B is 600 lots (300,000 shares), and 56 lots (28,000 shares) are allocated.</p><p><img src=\"https://static.tigerbbs.com/00a2024fdacb075f1cf829b06a27fb2c\" tg-width=\"700\" tg-height=\"742\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/da7c2428d23d54c3f3a109c369a414d1\" tg-width=\"600\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><b>COMPANY PROFILE</b></p><p>Helens Group is the largest chain tavern network in China. In 2020, in terms of revenue, the group ranked first in China's tavern industry, accounting for 1.1% of the market share. According to Frost & Sullivan, the Group maintained its market leadership position in China's tavern industry in terms of the number of taverns in 2018, 2019 and 2020 and the three months ended March 31, 2021.</p><p>With a highly standardized operating model, the scale of the Group's tavern network expanded rapidly during the Track Record Period. As of December 31, 2018, 2019, 2020 and March 31, 2021, the total number of pubs in the Group's tavern network was 162, 252, 351 and 374, respectively, and further increased to 528 as of the Latest Practicable Date. The Group has been operating pubs under the brand of \"Helen's\". As of the Latest Practicable Date, the number of Helen's pubs in first-tier, second-tier and third-tier cities and below in China was 66, 296 and 165 respectively, accounting for 12.5%, 56.1% and 31.3% of the total number of pubs on the same day.</p><p>From 2018 to 2020, Helen's revenue will be 115 million yuan, 565 million yuan and 818 million yuan respectively; In the first quarter of 2021, Helen's revenue was 369 million yuan, an increase of 494.5% from 62 million yuan in the same period in 2020. From 2018 to 2020, the company recorded net profits of 9.734 million yuan, 79.136 million yuan and 70.072 million yuan. As of 2020 and the first three months of 2021, it recorded losses of 16.569 million yuan and 76.332 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/8d561af53292e62de39a58cc098c1bf1\" tg-width=\"805\" tg-height=\"873\" 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 winning rate of one lot of Helen Division is 60%, and the subscription of 3 lots is stable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe winning rate of one lot of Helen Division is 60%, and the subscription of 3 lots is stable\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-09 09:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on September 9,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>An announcement was issued that the company issued approximately 135 million shares.<b>Priced at HK $19.77 per share, 500 shares per lot, it is expected to be listed on September 10.</b>During the public offering stage, Helen Division was subscribed 30.8 times, and the final number of offer shares allocated to the public offering was 40.395 million shares, accounting for approximately 30% of the total number of offer shares (before any over-allotment option is exercised). A total of 27,968 valid applications were received, with a winning rate of 60% for one lot, and 3 subscriptions were secure for one lot.</p><p>The international offering has been significantly oversubscribed, with the final number of offer shares being 94.255 million shares, equivalent to 70% of the total number of offer shares (before any over-allotment option is exercised). The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/96659e5ee07810763c2260a23ef13882\" tg-width=\"700\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution results</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 60%. If you subscribe for 3 lots, you will secure one lot.</p><p>The head of Group B is 600 lots (300,000 shares), and 56 lots (28,000 shares) are allocated.</p><p><img src=\"https://static.tigerbbs.com/00a2024fdacb075f1cf829b06a27fb2c\" tg-width=\"700\" tg-height=\"742\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/da7c2428d23d54c3f3a109c369a414d1\" tg-width=\"600\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><b>COMPANY PROFILE</b></p><p>Helens Group is the largest chain tavern network in China. In 2020, in terms of revenue, the group ranked first in China's tavern industry, accounting for 1.1% of the market share. According to Frost & Sullivan, the Group maintained its market leadership position in China's tavern industry in terms of the number of taverns in 2018, 2019 and 2020 and the three months ended March 31, 2021.</p><p>With a highly standardized operating model, the scale of the Group's tavern network expanded rapidly during the Track Record Period. As of December 31, 2018, 2019, 2020 and March 31, 2021, the total number of pubs in the Group's tavern network was 162, 252, 351 and 374, respectively, and further increased to 528 as of the Latest Practicable Date. The Group has been operating pubs under the brand of \"Helen's\". As of the Latest Practicable Date, the number of Helen's pubs in first-tier, second-tier and third-tier cities and below in China was 66, 296 and 165 respectively, accounting for 12.5%, 56.1% and 31.3% of the total number of pubs on the same day.</p><p>From 2018 to 2020, Helen's revenue will be 115 million yuan, 565 million yuan and 818 million yuan respectively; In the first quarter of 2021, Helen's revenue was 369 million yuan, an increase of 494.5% from 62 million yuan in the same period in 2020. From 2018 to 2020, the company recorded net profits of 9.734 million yuan, 79.136 million yuan and 70.072 million yuan. As of 2020 and the first three months of 2021, it recorded losses of 16.569 million yuan and 76.332 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/8d561af53292e62de39a58cc098c1bf1\" tg-width=\"805\" tg-height=\"873\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ec4556a58ee16f762bcdbeb6b126782c","relate_stocks":{"09869":"海伦司"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185386950","content_text":"9月9日消息，海伦司发布公告，公司发行约1.35亿股股份，每股定价19.77港元，每手500股，预期9月10日上市。公开发售阶段海伦司获30.8倍认购，分配至公开发售的发售股份最终数目为4039.5万股，占发售股份总数的约30%（任何超额配股权获行使前）。合共接获27968份有效申请，一手中签率60%，认购3手稳中一手。\n国际发售已获非常大幅超额认购，发售股份最终数目为9425.5万股，相当于发售股份总数的70%（任何超额配股权获行使前）。老虎资讯整理相关数据如下：\n\n分配结果\n甲组每手500股，一手中签率60%，申购3手稳中一手。\n乙组头为600手（300000股），获配56手（28000股）。\n\n公司简介\n海伦司集团是中国最大的连锁酒馆网络。2020年，按收入计，集团在中国酒馆行业中排名第一，占据1.1%的市场份额。根据弗若斯特沙利文的资料，以酒馆数量计，集团于2018年、2019年及2020年以及截至2021年3月31日止三个月在中国酒馆行业中保持市场领导地位。\n借助高度标准化的运营模式，集团酒馆网络的规模于往绩记录期间快速扩张。截至2018年、2019年、2020年12月31日及2021年3月31日，集团酒馆网络中的酒馆总数分别为162家、252家、351家及374家，并进一步增加至截至最后实际可行日期的528家。集团一直以“Helen’s(海伦司)”品牌经营酒馆，截至最后实际可行日期，在中国一线、二线及三线及以下城市的Helen’s酒馆数分别为66家、296家及165家，分别占截至同日酒馆总数量的12.5%、56.1%及31.3%。\n2018年至2020年，海伦司的营收分别为1.15亿元、5.65亿元和8.18亿元人民币；2021年第一季度，海伦司的营收为3.69亿元，较2020年同期的0.62亿元增加494.5%。2018~2020年，公司录得的净利润为973.4万元、7913.6万元及7007.2万元，截至2020年及2021年前3个月分别录得亏损1656.9万元及7633.2万元。","news_type":1,"symbols_score_info":{"09869":0.9}},"isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036528519,"gmtCreate":1647145666607,"gmtModify":1676534198743,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"Te's","listText":"Te's","text":"Te's","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036528519","repostId":"2219424094","repostType":4,"repost":{"id":"2219424094","kind":"highlight","pubTimestamp":1647141612,"share":"https://ttm.financial/m/news/2219424094?lang=en_US&edition=fundamental","pubTime":"2022-03-13 11:20","market":"hk","language":"zh","title":"Where will the market go under geopolitical turmoil and the epidemic?","url":"https://stock-news.laohu8.com/highlight/detail?id=2219424094","media":"智通财经网","summary":"投资要点本周话题：地缘动荡与疫情下，市场将何去何从?1)  地缘因素短期内仍将支撑大宗商品价格高位震荡，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。短期内，俄乌危机大概率难以解决。地缘政治风险","content":"<p><html><head></head><body>Investment Key Points</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and epidemic situation?</b></p><p>1) Geopolitical factors will still support high volatility in commodity prices in the short term, and the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, expectations of supply tightening will increase, and related commodity prices will remain high. Even if some countries choose to put pressure on the rise of commodities by increasing production or finding alternative energy sources in the future, the difficulty in changing the supply and demand pattern in the short term limits the decline in commodity prices. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p>2) The Fed's more hawkish than expected may put pressure on high-valuation sectors. Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment is likely to be a foregone conclusion. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Fed to be more cautious and flexible in monetary policy decisions. Before U.S. stocks, the U.S. economy, and inflation fall sharply, the Fed's hawkish statements will continue to exceed expectations. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Judging from the recent signals released by the Federal Reserve, March may tend to be 25bp instead of 50bp in rate hike, but there is a high probability that the shrinking balance sheet time will be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p>3) The domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\". Recently, the domestic epidemic has spread, and the overseas novel coronavirus pneumonia epidemic is high. With a large proportion of Omicron infections in neighboring countries and regions, the pressure of domestic prevention and control is expected to further increase. Under repeated epidemics, the recovery of consumption has weakened. Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. The weakness of consumption and exports may put more serious pressure on the economic downturn in the short term, but in the medium term, there is a high probability that it will guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p>4) Which industry segments are revising their earnings estimates upwards?: The upstream is strong, and the middle and lower reaches are under pressure. March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Key points of investment: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic and gold sectors. Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdowns are still worthy of attention: 1) Demand for domestic substitution in the entire West: This crisis has made the relationship between the EU, Japan, South Korea and the United Kingdom and the United States closer. From the perspective of supply chain security, except for the United States, the domestic substitution of key components from the entire Western major alliance may accelerate in the future. 3) For epidemic prevention items in medicine, considering the transmission ability of new viruses, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA. 4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts superimpose the global economy. In the downturn, it is recommended to pay attention to the allocation value of the gold sector.</p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p>text</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and the epidemic?</b></p><p><b>1.1 Geopolitical factors will still support commodity prices in the short term</b></p><p>Recently, geopolitical risks have continued to stir up the market. Due to the particularity of Russia and Ukraine in the pricing of some global resource products, disputes between the two countries may lead commodity prices upward. Except for crude oil, whose price is already at historically high levels, the prices of agrochemical products and non-ferrous metals have generally risen. The spillover effects of the Russia-Ukraine conflict have also spread to the international logistics market, and shipping prices have risen. The reason is that in addition to geopolitical conflicts that have further aggravated the originally tight supply situation of energy, crops and metals, it also includes transportation obstructions and market expectations caused by Western countries' sanctions and restrictions on Russia.</p><p>The current geopolitical conflict is not over yet, and market expectations mainly follow the changes in the situation between Russia and Ukraine and quickly reflect the trend of commodity prices. On March 9, the situation between Russia and Ukraine showed initial signs of easing, which had a significant impact on the capital market. On that day, oil prices and non-ferrous metal prices fell sharply. However, the collective decline in commodity prices actually reflects more changes in sentiment than improvements in fundamentals. Therefore, it is too early to assert that the \"price increase tide\" is coming to an end. Recently, although the VIX index has fallen, it is still at a high level. We can see that the market risk aversion has not completely eased.</p><p>As mentioned earlier, the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. The current prospect of the conflict between Russia and Ukraine is also unclear. Judging from the multiple rounds of negotiations between Russia and Ukraine and the information disclosed by both parties since then, Russia and Ukraine have a tough stance and have not yet reached an agreement on a ceasefire agreement. Moreover, NATO countries frequently send weapons and equipment to Ukraine. It also hinders the easing of the conflict. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, and increasing expectations of tightening supply will push up related commodity prices. Even if some countries choose to put pressure on the rise of commodities in the future by increasing production (such as some OPEC members stating that they will increase crude oil production) or looking for alternative energy sources (the EU proposes to accelerate the promotion of renewable energy), the supply and demand pattern will be difficult to change in the short term. The extent to which commodity prices fell. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p><img src=\"https://static.tigerbbs.com/b4cdd2ef4d240452ced73725f02ac3e5\" tg-width=\"1080\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9ff090db7fa96fcbb78bd9fdbdf8219b\" tg-width=\"1066\" tg-height=\"780\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.2 The Fed's more hawkish than expected may put pressure on high-valuation sectors</b></p><p>Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment may be a foregone conclusion. On March 10, data released by the U.S. Department of Labor showed that the U.S. CPI rose by 7.9% year-on-year in February, a 40-year high, and the core CPI growth rate rose to 6.4% year-on-year. Considering that commodity prices may remain high due to the disturbance of geopolitical conflicts, there is a possibility that high inflation in the U.S. economy will be difficult to alleviate in the short term. The severe inflation situation has strengthened the need for the Fed to tighten monetary policy. The unexpected recovery in employment in March also provided more room for the Fed to shift its monetary policy. On the whole, the Fed's policy adjustment may be a foregone conclusion.</p><p>Since December last year, the Federal Reserve has frequently released rate hike signals, mainly due to the continued recovery of the U.S. economy and the most urgent pressure on inflation. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Federal Reserve to be more cautious and flexible in monetary policy decisions.</p><p>Before U.S. stocks, the U.S. economy, and inflation fall sharply, there is a high probability that the Fed's hawkish statement will continue to exceed expectations. Although geopolitical conflicts may inhibit the future economic growth of the United States to a certain extent, the basic principles of economic normalization have not changed, and inflation is currently high. The Fed's top priority is still to strengthen the guidance of inflation expectations by maintaining a hawkish policy stance. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Earlier, Powell released a clearer signal about the pace and intensity of tightening in his testimony on the semi-annual monetary policy report at a congressional hearing. In terms of the magnitude of rate hike, the Federal Reserve may prefer the March rate hike of 25bp instead of 50bp, but the shrinking balance sheet time will most likely be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p><img src=\"https://static.tigerbbs.com/a1b7eacdc1fe87b4aa08a15685d974a3\" tg-width=\"1078\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.3 Domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\"</b></p><p>Recently, the domestic epidemic situation has spread in many places. The number of reported COVID-19 infections nationwide continues to remain high, and the number of provinces involved in the epidemic continues to increase. The main infection strains are Omicron variants. As of March 9, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps reported 402 new local confirmed cases and 435 local asymptomatic infections. There is a new feature in this round of epidemic, that is, since the 6th, the number of new local asymptomatic infections in a single day has been higher than the number of new local cases for four consecutive days.</p><p>The Omicron variant spreads faster and has milder infection symptoms than other variants, so punctate sporadic or even local outbreaks are more likely to occur. With the high incidence of overseas novel coronavirus pneumonia epidemics, with a large proportion of Omicron infections in neighboring countries and regions, domestic prevention and control pressure is expected to further increase. Under the direction of epidemic recovery, the demand for epidemic prevention, epidemic control and other related products will remain high, and funds will mostly flow to ventilators, special vaccines, special drugs and other tracks.</p><p>Under repeated epidemics, the recovery of consumption has weakened. In addition to the lack of scenarios caused by prevention and control restrictions, which dragged down consumption, the epidemic also inhibited residents' spending power and willingness, which was reflected in the fact that residents' income and expenditure grew at the same rate before the epidemic, and the gap after the epidemic widened significantly. At present, consumption recovery is the general trend under the policy of stabilizing growth, but when the epidemic has not been fully controlled, consumption recovery is weakening.</p><p>Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. In the past two years, the high export boom has been one of the most important driving forces supporting my country's economic resilience. However, as economies around the world gradually adapt to the \"normalization of the epidemic\", after June 2021, my country's global export share has returned to 14%, the pre-epidemic level. As overseas supply chains may enter a trend recovery, coupled with the rise in my country's labor costs, export growth may be weak and under increasing pressure.</p><p>The weakness of consumption and exports will put more serious pressure on the economic downturn in the short term, but in the medium term, it may guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p><img src=\"https://static.tigerbbs.com/a59f2a3c0a40eadb62b670af68dcdbb2\" tg-width=\"1063\" tg-height=\"402\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/528312a622c08c7c81d9aaf8023457a9\" tg-width=\"1071\" tg-height=\"418\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.4 Which industry segments are revising their earnings estimates upwards?: Strong upstream, pressure on midstream and downstream</b></p><p>March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Overall, the upstream is strong, while the middle and lower reaches are under pressure. The industries with raised profit forecasts in 22 years are mainly in the infrastructure industry chain, new energy vehicle industry chain and pharmaceutical sector. Primary industries that have increased in the past two months: non-ferrous metals (2.87%), basic chemicals (1.04%), electricity and public utilities (0.84%), steel (0.71%), etc.</p><p>Upstream: The areas where raw material profits in the upstream sector have increased focus on infrastructure-related industries, among which rare metals, environmentally friendly public utilities, and chemical raw materials have increased. On the other hand, domestic economic and financial data from January to February will also be released, which will become an important basis for the market to judge the effect of \"steady growth\" in the early stage and predict the rhythm and intensity of subsequent policies. With the layout of \"steady growth\" and long-term high-quality development, the prosperity related to infrastructure is expected to continue.</p><p>In the midstream industry, the upward revision of profit forecasts focuses on subdivided tracks with high demand and prosperity, such as new energy batteries, automotive electronics, lithium batteries/photovoltaics/semiconductor equipment, and the prosperity continues to remain high. Profit forecasts for semiconductors, electronic components, and computer equipment in the TMT sector have been raised. At the same time, profit expectations in the field of special machinery in machinery and equipment have also continued to rise. In mid-to-late March, on the one hand, the prosperity indicators of popular tracks, such as the sales of new energy vehicles, are released one after another. The prosperity expectations of popular tracks in the current market are quite different, and relevant data will become an important signal to confirm the prosperity. On the other hand, the prosperity of conceptual fields in subdivided fields such as semiconductor equipment, cloud computing, and optical communications may have a reversal trend.</p><p>Among downstream consumption, the profit forecasts of commerce, agriculture and medical services, and medical circulation sectors have been significantly raised. Affected by the dual impact of cost pressure and the setback on the demand side caused by the recurrence of the epidemic, the growth rate of the food and beverage industry has slowed down, and the internal performance of the consumer sector has also shown significant differentiation. Compared with the profit downward adjustment in 21 years, the expected reversal of trade and retail has obviously been reversed, and the profit forecast in 22 years has been raised by about 20%. There is still no obvious upward revision in the performance of must-select consumption. In the overall consumption, the profit expectation of optional is still better than that of must-select. However, in the short term, some varieties of grain, including agricultural chemicals, are affected by the war between Russia and Ukraine, and price increases are expected to be relatively strong. Affected by this geopolitical conflict, global related<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>The price is at a high level, which may boost the prosperity of agricultural products, and at the same time affect the expectation of live pig prices. This aspect deserves continuous observation.</p><p><b>1.5 Investment points: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic, and gold sectors</b></p><p>Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdown is still worthy of attention:</p><p>1) Demand for domestic substitution in the entire West: This crisis has caused the EU, Japan and South Korea to completely fall towards and bind the United Kingdom and the United States. From the perspective of supply chain security, except for the United States, the rest come from key components in the entire Western alliance. Domestic substitution may accelerate in the future. It is recommended to pay attention to: semiconductor upstream materials, Huawei chip-related software ecology, etc.</p><p>2) With the display of Western modern equipment during the war, the increasing nuclear deterrence and military industry of both sides, especially the OEMs that benefited from the final year of the three-year pilot reform of state-owned enterprises this year, deserve special attention.</p><p>3) For epidemic prevention items in medicine, considering the transmission ability of the virus, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA.</p><p>4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts are superimposed on the global economic downturn. It is recommended to pay attention to the allocation value of the gold sector.</p><p><b>Market Review and Outlook</b></p><p>Style index: Market conditions generally fell this week. The CSI 500 and small and medium-sized board index led the decline. In terms of activity, the turnover rate of various industries generally rebounded, and the turnover rate of Shenzhen Component Index increased significantly.</p><p>Major industries: Healthcare and daily consumption performed relatively well this week, while optional consumption and real estate performed relatively sluggish. In terms of activity, the energy turnover rate dropped significantly, and the healthcare turnover rate rebounded significantly.</p><p>Primary industries: Primary industries generally fell this week, led by home appliances and non-ferrous metals. In terms of activity, the turnover rate of medicine and media has rebounded relatively significantly, while the turnover rate of national defense and military industries has declined.</p><p><img src=\"https://static.tigerbbs.com/8b77bbe4f011209d0f61398519d4b870\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/2d58f4dc49d2ba695c284f3f2b140070\" tg-width=\"988\" tg-height=\"739\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Three sentiment indicator tracking</b></p><p>Market-wide activity: Since 2010, the average daily turnover rate of all A has been roughly 0.4%-1.4%. After smoothing on the 20th, the turnover rate of all A dropped slightly this week. As of March 11, the single-day turnover rate reached 1.36%, which is 82.43% of the historical quantile. The turnover rate range of GEM is roughly 2%-8%. After smoothing on the 20th, the turnover rate of GEM fluctuates and rises. As of March 11, 2022, the single-day turnover rate of the GEM is 13.50%, which is 90.6% of the historical quantile.</p><p><img src=\"https://static.tigerbbs.com/f91bd77cd124660b4b931da83a84f0e2\" tg-width=\"1065\" tg-height=\"410\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>On-site financing: The financing balance rebounded slightly this week. As of March 10, the financing balance was 1,619.4 billion yuan, a decrease of 8.63 billion yuan from last week. On the 5th, after smoothing, the proportion of financing purchases in the total market turnover decreased by-0.2% compared with last week.</p><p>Index of sub-new shares: After smoothing on the 5th day, the turnover rate of sub-new shares rebounded slightly compared with last week. As of March 11th, the average turnover rate of sub-new shares on the 5th day reached 9.12%, which was at the historical quantile of 87.14%.</p><p><img src=\"https://static.tigerbbs.com/54b3f83e23e7b8c86169632226e8093d\" tg-width=\"1067\" tg-height=\"415\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Four valuation indicator tracking</b></p><p>Valuation of major industries: The valuation levels of basic non-ferrous metals, basic chemicals, power equipment and new energy, national defense and military industry, automobiles, consumer services, food and beverage and electronics industries in PB valuation are higher than the historical average;</p><p>Valuation of major industries: In PE valuation, the valuation level of agriculture, forestry, animal husbandry and fishery, food and beverage, public utilities, leisure services, electrical equipment, automobiles and comprehensive industries is higher than the historical average;</p><p>Industries with PE valuation and PB valuation at historically high levels: the valuation levels of food and beverage and automobile industries are higher than the historical average;</p><p>Main indexes: PB valuation SSE 50, GEM index valuation level is higher than historical average;</p><p>Main index: PE valuation SSE 50, the valuation level of small and medium-sized board index is higher than the historical average;</p><p>PE valuation and PB valuation are both at historically high indexes: the valuation level of SSE 50 is higher than the historical average;</p><p><img src=\"https://static.tigerbbs.com/26c307f1db2feea63e70afad6a756a4d\" tg-width=\"1069\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhere will the market go under geopolitical turmoil and the epidemic?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2022-03-13 11:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Investment Key Points</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and epidemic situation?</b></p><p>1) Geopolitical factors will still support high volatility in commodity prices in the short term, and the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, expectations of supply tightening will increase, and related commodity prices will remain high. Even if some countries choose to put pressure on the rise of commodities by increasing production or finding alternative energy sources in the future, the difficulty in changing the supply and demand pattern in the short term limits the decline in commodity prices. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p>2) The Fed's more hawkish than expected may put pressure on high-valuation sectors. Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment is likely to be a foregone conclusion. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Fed to be more cautious and flexible in monetary policy decisions. Before U.S. stocks, the U.S. economy, and inflation fall sharply, the Fed's hawkish statements will continue to exceed expectations. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Judging from the recent signals released by the Federal Reserve, March may tend to be 25bp instead of 50bp in rate hike, but there is a high probability that the shrinking balance sheet time will be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p>3) The domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\". Recently, the domestic epidemic has spread, and the overseas novel coronavirus pneumonia epidemic is high. With a large proportion of Omicron infections in neighboring countries and regions, the pressure of domestic prevention and control is expected to further increase. Under repeated epidemics, the recovery of consumption has weakened. Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. The weakness of consumption and exports may put more serious pressure on the economic downturn in the short term, but in the medium term, there is a high probability that it will guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p>4) Which industry segments are revising their earnings estimates upwards?: The upstream is strong, and the middle and lower reaches are under pressure. March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Key points of investment: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic and gold sectors. Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdowns are still worthy of attention: 1) Demand for domestic substitution in the entire West: This crisis has made the relationship between the EU, Japan, South Korea and the United Kingdom and the United States closer. From the perspective of supply chain security, except for the United States, the domestic substitution of key components from the entire Western major alliance may accelerate in the future. 3) For epidemic prevention items in medicine, considering the transmission ability of new viruses, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA. 4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts superimpose the global economy. In the downturn, it is recommended to pay attention to the allocation value of the gold sector.</p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p>text</p><p><b>This week's topic: Where will the market go under geopolitical turmoil and the epidemic?</b></p><p><b>1.1 Geopolitical factors will still support commodity prices in the short term</b></p><p>Recently, geopolitical risks have continued to stir up the market. Due to the particularity of Russia and Ukraine in the pricing of some global resource products, disputes between the two countries may lead commodity prices upward. Except for crude oil, whose price is already at historically high levels, the prices of agrochemical products and non-ferrous metals have generally risen. The spillover effects of the Russia-Ukraine conflict have also spread to the international logistics market, and shipping prices have risen. The reason is that in addition to geopolitical conflicts that have further aggravated the originally tight supply situation of energy, crops and metals, it also includes transportation obstructions and market expectations caused by Western countries' sanctions and restrictions on Russia.</p><p>The current geopolitical conflict is not over yet, and market expectations mainly follow the changes in the situation between Russia and Ukraine and quickly reflect the trend of commodity prices. On March 9, the situation between Russia and Ukraine showed initial signs of easing, which had a significant impact on the capital market. On that day, oil prices and non-ferrous metal prices fell sharply. However, the collective decline in commodity prices actually reflects more changes in sentiment than improvements in fundamentals. Therefore, it is too early to assert that the \"price increase tide\" is coming to an end. Recently, although the VIX index has fallen, it is still at a high level. We can see that the market risk aversion has not completely eased.</p><p>As mentioned earlier, the evolution of the Russia-Ukraine conflict will determine the sustainability of rising commodity prices. The current prospect of the conflict between Russia and Ukraine is also unclear. Judging from the multiple rounds of negotiations between Russia and Ukraine and the information disclosed by both parties since then, Russia and Ukraine have a tough stance and have not yet reached an agreement on a ceasefire agreement. Moreover, NATO countries frequently send weapons and equipment to Ukraine. It also hinders the easing of the conflict. In the short term, the Russia-Ukraine crisis is likely to be difficult to resolve. Geopolitical risks will continue to affect market sentiment, and increasing expectations of tightening supply will push up related commodity prices. Even if some countries choose to put pressure on the rise of commodities in the future by increasing production (such as some OPEC members stating that they will increase crude oil production) or looking for alternative energy sources (the EU proposes to accelerate the promotion of renewable energy), the supply and demand pattern will be difficult to change in the short term. The extent to which commodity prices fell. Taken together, under the premise of long-term geopolitical turmoil, commodity prices are likely to remain at a high level.</p><p><img src=\"https://static.tigerbbs.com/b4cdd2ef4d240452ced73725f02ac3e5\" tg-width=\"1080\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/9ff090db7fa96fcbb78bd9fdbdf8219b\" tg-width=\"1066\" tg-height=\"780\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.2 The Fed's more hawkish than expected may put pressure on high-valuation sectors</b></p><p>Against the background of high inflation in the United States and geopolitical conflicts exacerbating the inflation dilemma, the Fed's policy adjustment may be a foregone conclusion. On March 10, data released by the U.S. Department of Labor showed that the U.S. CPI rose by 7.9% year-on-year in February, a 40-year high, and the core CPI growth rate rose to 6.4% year-on-year. Considering that commodity prices may remain high due to the disturbance of geopolitical conflicts, there is a possibility that high inflation in the U.S. economy will be difficult to alleviate in the short term. The severe inflation situation has strengthened the need for the Fed to tighten monetary policy. The unexpected recovery in employment in March also provided more room for the Fed to shift its monetary policy. On the whole, the Fed's policy adjustment may be a foregone conclusion.</p><p>Since December last year, the Federal Reserve has frequently released rate hike signals, mainly due to the continued recovery of the U.S. economy and the most urgent pressure on inflation. However, the recent continued fermentation of geopolitical risks may affect the future U.S. economic growth prospects, which will also lead the Federal Reserve to be more cautious and flexible in monetary policy decisions.</p><p>Before U.S. stocks, the U.S. economy, and inflation fall sharply, there is a high probability that the Fed's hawkish statement will continue to exceed expectations. Although geopolitical conflicts may inhibit the future economic growth of the United States to a certain extent, the basic principles of economic normalization have not changed, and inflation is currently high. The Fed's top priority is still to strengthen the guidance of inflation expectations by maintaining a hawkish policy stance. Even if the pace of rate hike slows down in the short term, the overall tightening is likely to exceed expectations. Earlier, Powell released a clearer signal about the pace and intensity of tightening in his testimony on the semi-annual monetary policy report at a congressional hearing. In terms of the magnitude of rate hike, the Federal Reserve may prefer the March rate hike of 25bp instead of 50bp, but the shrinking balance sheet time will most likely be advanced, and the possibility of starting a \"shrinking balance sheet\" in the second quarter cannot be ruled out.</p><p><img src=\"https://static.tigerbbs.com/a1b7eacdc1fe87b4aa08a15685d974a3\" tg-width=\"1078\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.3 Domestic epidemic disturbance strengthens the configuration logic of \"both offensive and defensive\"</b></p><p>Recently, the domestic epidemic situation has spread in many places. The number of reported COVID-19 infections nationwide continues to remain high, and the number of provinces involved in the epidemic continues to increase. The main infection strains are Omicron variants. As of March 9, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps reported 402 new local confirmed cases and 435 local asymptomatic infections. There is a new feature in this round of epidemic, that is, since the 6th, the number of new local asymptomatic infections in a single day has been higher than the number of new local cases for four consecutive days.</p><p>The Omicron variant spreads faster and has milder infection symptoms than other variants, so punctate sporadic or even local outbreaks are more likely to occur. With the high incidence of overseas novel coronavirus pneumonia epidemics, with a large proportion of Omicron infections in neighboring countries and regions, domestic prevention and control pressure is expected to further increase. Under the direction of epidemic recovery, the demand for epidemic prevention, epidemic control and other related products will remain high, and funds will mostly flow to ventilators, special vaccines, special drugs and other tracks.</p><p>Under repeated epidemics, the recovery of consumption has weakened. In addition to the lack of scenarios caused by prevention and control restrictions, which dragged down consumption, the epidemic also inhibited residents' spending power and willingness, which was reflected in the fact that residents' income and expenditure grew at the same rate before the epidemic, and the gap after the epidemic widened significantly. At present, consumption recovery is the general trend under the policy of stabilizing growth, but when the epidemic has not been fully controlled, consumption recovery is weakening.</p><p>Assuming that stronger epidemic prevention and control measures are taken in the future, the role of exports in stimulating the economy may also be weakened this year. In the past two years, the high export boom has been one of the most important driving forces supporting my country's economic resilience. However, as economies around the world gradually adapt to the \"normalization of the epidemic\", after June 2021, my country's global export share has returned to 14%, the pre-epidemic level. As overseas supply chains may enter a trend recovery, coupled with the rise in my country's labor costs, export growth may be weak and under increasing pressure.</p><p>The weakness of consumption and exports will put more serious pressure on the economic downturn in the short term, but in the medium term, it may guide policies to increase support for stabilizing growth. It will take time for the market to recover, but the end of the adjustment may be approaching.</p><p><img src=\"https://static.tigerbbs.com/a59f2a3c0a40eadb62b670af68dcdbb2\" tg-width=\"1063\" tg-height=\"402\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/528312a622c08c7c81d9aaf8023457a9\" tg-width=\"1071\" tg-height=\"418\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>1.4 Which industry segments are revising their earnings estimates upwards?: Strong upstream, pressure on midstream and downstream</b></p><p>March-April is a good time window to observe industries with high prosperity throughout the year. At present, the market in March has begun to gradually reflect the performance expectations of the first quarterly report. In the middle and late April, the market will enter a period of intensive disclosure of the annual report and the first quarterly report results. The market often has the seasonal characteristics of \"spring restlessness and April decision-making\". After the annual report and the first quarterly report results are disclosed, the market will generally adjust the profit forecast of listed companies. At present, the market has always been divided on \"whether the efforts to stabilize growth are effective\", so we try to find out which companies' steady growth recovery is sustainable by looking for marginal changes in profit forecasts, and how the fundamentals are expected to change.</p><p>Overall, the upstream is strong, while the middle and lower reaches are under pressure. The industries with raised profit forecasts in 22 years are mainly in the infrastructure industry chain, new energy vehicle industry chain and pharmaceutical sector. Primary industries that have increased in the past two months: non-ferrous metals (2.87%), basic chemicals (1.04%), electricity and public utilities (0.84%), steel (0.71%), etc.</p><p>Upstream: The areas where raw material profits in the upstream sector have increased focus on infrastructure-related industries, among which rare metals, environmentally friendly public utilities, and chemical raw materials have increased. On the other hand, domestic economic and financial data from January to February will also be released, which will become an important basis for the market to judge the effect of \"steady growth\" in the early stage and predict the rhythm and intensity of subsequent policies. With the layout of \"steady growth\" and long-term high-quality development, the prosperity related to infrastructure is expected to continue.</p><p>In the midstream industry, the upward revision of profit forecasts focuses on subdivided tracks with high demand and prosperity, such as new energy batteries, automotive electronics, lithium batteries/photovoltaics/semiconductor equipment, and the prosperity continues to remain high. Profit forecasts for semiconductors, electronic components, and computer equipment in the TMT sector have been raised. At the same time, profit expectations in the field of special machinery in machinery and equipment have also continued to rise. In mid-to-late March, on the one hand, the prosperity indicators of popular tracks, such as the sales of new energy vehicles, are released one after another. The prosperity expectations of popular tracks in the current market are quite different, and relevant data will become an important signal to confirm the prosperity. On the other hand, the prosperity of conceptual fields in subdivided fields such as semiconductor equipment, cloud computing, and optical communications may have a reversal trend.</p><p>Among downstream consumption, the profit forecasts of commerce, agriculture and medical services, and medical circulation sectors have been significantly raised. Affected by the dual impact of cost pressure and the setback on the demand side caused by the recurrence of the epidemic, the growth rate of the food and beverage industry has slowed down, and the internal performance of the consumer sector has also shown significant differentiation. Compared with the profit downward adjustment in 21 years, the expected reversal of trade and retail has obviously been reversed, and the profit forecast in 22 years has been raised by about 20%. There is still no obvious upward revision in the performance of must-select consumption. In the overall consumption, the profit expectation of optional is still better than that of must-select. However, in the short term, some varieties of grain, including agricultural chemicals, are affected by the war between Russia and Ukraine, and price increases are expected to be relatively strong. Affected by this geopolitical conflict, global related<a href=\"https://laohu8.com/S/000061\">Agricultural products</a>The price is at a high level, which may boost the prosperity of agricultural products, and at the same time affect the expectation of live pig prices. This aspect deserves continuous observation.</p><p><b>1.5 Investment points: Still focusing on low-valuation blue chips, it is recommended to pay attention to domestic substitution, military industry, anti-epidemic, and gold sectors</b></p><p>Under the background that geopolitical conflicts have triggered shocks in the global capital market, market risk aversion has risen sharply, and the spread of domestic epidemics in many places has not been contained. Investment opportunities in low-valued blue chips are still the most stable main line of the market. Although the overall valuation of growth stocks is subject to rising inflation, in terms of specific allocation, the following breakdown is still worthy of attention:</p><p>1) Demand for domestic substitution in the entire West: This crisis has caused the EU, Japan and South Korea to completely fall towards and bind the United Kingdom and the United States. From the perspective of supply chain security, except for the United States, the rest come from key components in the entire Western alliance. Domestic substitution may accelerate in the future. It is recommended to pay attention to: semiconductor upstream materials, Huawei chip-related software ecology, etc.</p><p>2) With the display of Western modern equipment during the war, the increasing nuclear deterrence and military industry of both sides, especially the OEMs that benefited from the final year of the three-year pilot reform of state-owned enterprises this year, deserve special attention.</p><p>3) For epidemic prevention items in medicine, considering the transmission ability of the virus, in addition to nucleic acid testing, ventilators, etc., focus on new vaccines such as mRNA.</p><p>4) Risk aversion affects the market, overseas inflation remains high, and geopolitical conflicts are superimposed on the global economic downturn. It is recommended to pay attention to the allocation value of the gold sector.</p><p><b>Market Review and Outlook</b></p><p>Style index: Market conditions generally fell this week. The CSI 500 and small and medium-sized board index led the decline. In terms of activity, the turnover rate of various industries generally rebounded, and the turnover rate of Shenzhen Component Index increased significantly.</p><p>Major industries: Healthcare and daily consumption performed relatively well this week, while optional consumption and real estate performed relatively sluggish. In terms of activity, the energy turnover rate dropped significantly, and the healthcare turnover rate rebounded significantly.</p><p>Primary industries: Primary industries generally fell this week, led by home appliances and non-ferrous metals. In terms of activity, the turnover rate of medicine and media has rebounded relatively significantly, while the turnover rate of national defense and military industries has declined.</p><p><img src=\"https://static.tigerbbs.com/8b77bbe4f011209d0f61398519d4b870\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/2d58f4dc49d2ba695c284f3f2b140070\" tg-width=\"988\" tg-height=\"739\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Three sentiment indicator tracking</b></p><p>Market-wide activity: Since 2010, the average daily turnover rate of all A has been roughly 0.4%-1.4%. After smoothing on the 20th, the turnover rate of all A dropped slightly this week. As of March 11, the single-day turnover rate reached 1.36%, which is 82.43% of the historical quantile. The turnover rate range of GEM is roughly 2%-8%. After smoothing on the 20th, the turnover rate of GEM fluctuates and rises. As of March 11, 2022, the single-day turnover rate of the GEM is 13.50%, which is 90.6% of the historical quantile.</p><p><img src=\"https://static.tigerbbs.com/f91bd77cd124660b4b931da83a84f0e2\" tg-width=\"1065\" tg-height=\"410\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>On-site financing: The financing balance rebounded slightly this week. As of March 10, the financing balance was 1,619.4 billion yuan, a decrease of 8.63 billion yuan from last week. On the 5th, after smoothing, the proportion of financing purchases in the total market turnover decreased by-0.2% compared with last week.</p><p>Index of sub-new shares: After smoothing on the 5th day, the turnover rate of sub-new shares rebounded slightly compared with last week. As of March 11th, the average turnover rate of sub-new shares on the 5th day reached 9.12%, which was at the historical quantile of 87.14%.</p><p><img src=\"https://static.tigerbbs.com/54b3f83e23e7b8c86169632226e8093d\" tg-width=\"1067\" tg-height=\"415\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Four valuation indicator tracking</b></p><p>Valuation of major industries: The valuation levels of basic non-ferrous metals, basic chemicals, power equipment and new energy, national defense and military industry, automobiles, consumer services, food and beverage and electronics industries in PB valuation are higher than the historical average;</p><p>Valuation of major industries: In PE valuation, the valuation level of agriculture, forestry, animal husbandry and fishery, food and beverage, public utilities, leisure services, electrical equipment, automobiles and comprehensive industries is higher than the historical average;</p><p>Industries with PE valuation and PB valuation at historically high levels: the valuation levels of food and beverage and automobile industries are higher than the historical average;</p><p>Main indexes: PB valuation SSE 50, GEM index valuation level is higher than historical average;</p><p>Main index: PE valuation SSE 50, the valuation level of small and medium-sized board index is higher than the historical average;</p><p>PE valuation and PB valuation are both at historically high indexes: the valuation level of SSE 50 is higher than the historical average;</p><p><img src=\"https://static.tigerbbs.com/26c307f1db2feea63e70afad6a756a4d\" tg-width=\"1069\" tg-height=\"411\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Risk warning: Geopolitical turmoil has intensified, the domestic Omicron epidemic has broken out more than expected, the Federal Reserve's monetary policy and domestic monetary policy liquidity have tightened more than expected, and the public information used in the research report may have lagging information or untimely updates.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/676392.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"159934":"黄金ETF","161125":"标普500","399001":"深证成指","510030":"价值ETF","SPY":"标普500ETF","000300.SH":"沪深300","IVV":"标普500ETF-iShares","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","QID":"两倍做空纳斯达克指数ETF-ProShares","OEX":"标普100",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","XPP":"二倍做多富时中国50ETF(ProShares)","BK4534":"瑞士信贷持仓","GDX":"黄金矿业ETF-VanEck","BK1574":"生物医药B类股","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","YXI":"ProShares做空FTSE中国50ETF","IAU":"黄金信托ETF-iShares","DDM":"2倍做多道指ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","FXP":"二倍做空富时中国50ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","BK4559":"巴菲特持仓","09939":"开拓药业-B","000016.SH":"上证50","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","BK4550":"红杉资本持仓","GLD":"黄金ETF-SPDR",".SPX":"S&P 500 Index","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares"},"source_url":"http://www.zhitongcaijing.com/content/detail/676392.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2219424094","content_text":"投资要点本周话题：地缘动荡与疫情下，市场将何去何从?1)  地缘因素短期内仍将支撑大宗商品价格高位震荡，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。短期内，俄乌危机大概率难以解决。地缘政治风险将持续影响市场情绪，供给收紧预期增强，相关大宗商品价格持续高位。即使部分国家在未来选择以增产或者寻找替代能源的方式对大宗商品涨势施压，但短期内供需格局难变限制了大宗商品价格回落幅度。综合来看，在地缘动荡长期化的前提下，大宗商品价格大概率维持在高位运行。2)  美联储超预期鹰派或使高估值板块承压。在美国通胀高企叠加地缘冲突加剧通胀困境的背景下，美联储政策调整大概率已成定局，但近期地缘政治风险持续发酵或影响未来美国经济增长前景也将导致美联储在货币政策决策上更加谨慎和灵活。在美股、美国经济、通胀出现大幅下滑前，美联储鹰派表述将持续超预期。即便短期内加息节奏放缓，但整体收紧力度大概率超预期。就近期美联储释放的信号来看，3月或倾向于加息25bp而非50bp，但缩表时间大概率会提前，不排除在二季度开启“缩表”的可能性。3)  国内疫情扰动强化“攻守兼备”配置逻辑。近日，国内疫情蔓延，境外新冠肺炎疫情高发，伴随周边国家地区大比例的奥密克戎感染，国内防控压力预计会进一步增加。疫情反复下，消费复苏趋弱。假设未来采取更强的疫情防控措施，今年出口对经济拉动作用也或弱化。消费及出口的疲软短期或对经济下行构成更加严重压力，但是从中期来看，大概率将引导政策面加大稳增长支持力度。市场修复仍待时日，但调整尾声或已渐行渐近。4)  哪些行业细分正在向上修正盈利预测?：上游强劲，中下游承压。3-4月是很好的观察全年高景气行业的时间窗口。当前3月的市场已经开始逐步反应一季报的业绩预期，4  月中下旬市场将进入年报及一季报业绩的密集披露期，市场往往有“春季躁动，四月决断”的季节性特征，在年报及一季报业绩披露后，市场会普遍调整对上市公司的盈利预测。而市场目前对“稳增长发力是否有效”的分歧一直存在，所以我们通过寻找盈利预测边际变化，试图寻找哪些公司的稳增长复苏具备持续性，以及基本面的预期变化情况如何。投资要点：仍以低估值蓝筹为主线，建议关注国产替代、军工、抗疫、黄金板块。地缘冲突引发全球资本市场震荡，市场避险情绪急剧升温以及国内疫情多地散发势头尚未遏制住的背景下，低估值蓝筹的投资机会仍为市场最稳健的主线。成长股方面虽然整体估值受制于通胀上升，就具体配置而言，如下细分仍值得关注：1)  对于整个西方的国产替代需求：本次危机，使得欧盟、日韩与英美关系更加密切，就供应链安全角度而言，除美国外，其余来自于整个西方大联盟的关键零部件的国产替代或将在未来加速，建议关注：半导体上游材料，华为芯片相关的软件生态等，2)伴随战争过程中西方现代化装备的展现，不断增加的双方核威慑，军工，特别是今年受益于国企改革三年试点收官年的主机厂值得重点关注。3)医药当中防疫物品，考虑到新病毒的传播能力，除核酸检测、呼吸机等外，重点关注mRNA等新疫苗，4)避险情绪影响市场，海外通胀居高不下，地缘冲突叠加全球经济下行，建议关注黄金板块的配置价值。风险提示：地缘动荡事件加剧，国内Omicron疫情超预期爆发，美联储货币政策及国内货币政策流动性超预期收紧，研究报告使用的公开资料可能存在信息滞后或更新不及时的情况。正文一 本周话题：地缘动荡与疫情下，市场将何去何从?1.1 地缘因素短期内仍将支撑大宗商品价格近期，地缘政治风险持续搅动市场。由于俄乌在全球部分资源品定价中的特殊性，两国纷争或将引导大宗商品价格上行。除价格已经处于历史高位的原油外，农化产品、有色金属价格普涨。俄乌冲突带来的外溢效应也波及到了国际物流市场，航运价格攀升。究其原因，除了地缘冲突进一步加剧了原本紧张的能源、农作物及金属供应形势以外，还包括西方国家对俄制裁限制带来的运输受阻及市场预期恐慌。现下地缘冲突仍未结束，市场预期主要跟随俄乌局势变化波动并快速反映大宗商品价格走势上。3月9日，俄乌局势初现缓和迹象已经对资本市场产生明显影响，该日油价、有色金属价格大幅重挫。但此次大宗商品价格集体回落实际上更多的是反映了情绪面的变化而非基本面的改善，因此此时断言“涨价潮”趋于结束还为时尚早。近日，VIX指数虽有所下跌但仍处高位水平，我们可以看出，市场避险情绪尚未完全缓和。如前所述，俄乌冲突的演进态势将决定大宗商品价格上涨的可持续性。当前俄乌冲突前景亦未明朗，从俄乌多轮谈判以及此后双方所披露的情况看，俄乌双方立场强硬，目前仍未就停火协议达成一致意见，且北约国家频频输送武器装备至乌克兰，也为冲突缓和造成阻碍。短期内，俄乌危机大概率难以解决。地缘政治风险将持续影响市场情绪，  供给收紧预期增强推高相关大宗商品价格。即使部分国家在未来选择以增产(如OPEC部分成员国表态增产原油)或者寻找替代能源(欧盟提议加速推广可再生能源)的方式对大宗商品涨势施压，但短期内供需格局难变限制了大宗商品价格回落幅度。综合来看，在地缘动荡长期化的前提下，大宗商品价格大概率维持在高位运行。1.2 美联储超预期鹰派或致高估值板块承压在美国通胀高企叠加地缘冲突加剧通胀困境的背景下，美联储政策调整或已成定局。3月10日，美国劳工部发布的数据显示,美国2月CPI同比上涨7.9%,涨幅创40年来新高，核心CPI同比增速升至6.4%。考虑到地缘冲突扰动下大宗商品价格或维持高位，短期内美国经济存在高通胀难以缓解的可能性。通胀形势严峻强化了美联储收紧货币政策的必要性，3月就业超预期复苏也为美联储货币政策转向提供更大的操作空间，综合来看，美联储政策调整或已成定局。自去年12月开始，美联储频频释放加息信号，主要是基于美国经济持续修复以及通胀面临的压力最为紧迫。但近期地缘政治风险持续发酵或影响未来美国经济增长前景也将导致美联储在货币政策决策上更加谨慎和灵活。在美股、美国经济、通胀出现大幅下滑前，美联储鹰派表述大概率将持续超预期。尽管地缘冲突可能会在一定程度上抑制美国未来经济增长，但经济正常化的基本原理尚未改变，且目前通胀居高难下，美联储的当务之急仍是通过维持鹰派政策立场强化对通胀预期的引导。即便短期内加息节奏放缓，但整体收紧力度大概率超预期。此前鲍威尔在国会听证会就半年度货币政策报告作证词中释放了关于紧缩节奏与力度更清晰的信号。从加息幅度上来说，美联储或倾向于3月加息25bp而非50bp，但缩表时间大概率会提前，不排除在二季度开启“缩表”的可能性。1.3 国内疫情扰动强化“攻守兼备”配置逻辑近日，国内疫情多点散发。全国报告新冠感染者继续维持高位，疫情涉及省份持续增多，感染毒株以Omicron变异株为主。截至3月9日，31个省(自治区、直辖市)和新疆生产建设兵团报告新增本土确诊病例402例，本土无症状感染者435例。此轮疫情中有一个新特点，即从6日以来，连续四天本土无症状感染者单日新增数都高于新增本土病例数。奥密克戎变异株传播速度更快且感染症状较其他变异株更轻微，因此点状散发甚至局部爆发更容易出现。境外新冠肺炎疫情高发，伴随周边国家地区大比例的奥密克戎感染，国内防控压力预计会进一步增加。疫情修复方向下，防疫、治疫等相关产品需求将维持高位，资金多流向呼吸机、特效疫苗、特效药等赛道。疫情反复下，消费复苏趋弱。除了防控限制引发的场景缺失拖累消费外，疫情同样对居民的消费能力和意愿产生抑制，体现为疫情前居民收入和支出增速相当、疫后差距明显拉大。目前，消费修复是稳增长政策发力下的大势所趋，但在疫情尚未完全控制住的情况下，消费复苏趋弱。假设未来采取更强的疫情防控措施，今年出口对经济拉动作用也或弱化。过去两年，出口高景气是支撑我国经济韧性最重要的动能之一，但在全球各经济体逐渐适应“疫情常态化”的背景下，2021年6月后，我国出口占全球份额已回到14%，这一疫情之前的水平。随着海外供应链或进入趋势性恢复，叠加我国人力成本的走高，出口增长或乏力且承压渐增。消费及出口的疲软短期内会对经济下行构成更加严重压力，但是从中期来看，或将引导政策面加大稳增长支持力度。市场修复仍待时日，但调整尾声或已渐行渐近。1.4 哪些行业细分正在向上修正盈利预测?：上游强劲，中下游承压3-4月是很好的观察全年高景气行业的时间窗口。当前3月的市场已经开始逐步反应一季报的业绩预期，4  月中下旬市场将进入年报及一季报业绩的密集披露期，市场往往有“春季躁动，四月决断”的季节性特征，在年报及一季报业绩披露后，市场会普遍调整对上市公司的盈利预测。而市场目前对“稳增长发力是否有效”的分歧一直存在，所以我们通过寻找盈利预测边际变化，试图寻找哪些公司的稳增长复苏具备持续性，以及基本面的预期变化情况如何。整体来看，上游强劲，中下游承压。22年盈利预测上调的行业主要在基建产业链、新能源车产业链及医药板块。近2个月调涨的一级行业：有色金属(2.87%)，基础化工(1.04%)，电力及公用(0.84%)，钢铁(0.71%)等。上游：上游领域的原材料盈利上调的领域聚焦在基建相关产业，其中，稀有金属、环保公用、化学原料调涨。另一方面，国内1-2  月经济、金融数据也将公布，并成为市场判断前期“稳增长”效果以及预判后续政策节奏和力度的重要依据，稳增长主线再次强调下，短期“稳增长”及长期高质量发展的布局，基建相关景气度有望延续。中游行业中，盈利预测上修集中在需求高景气的细分赛道，如新能源电池、汽车电子、锂电/光伏/半导体设备，景气度持续维持高位。TMT板块中半导体、电子零组件、计算机设备的盈利预测调涨。同时，机械设备中专用机械领域盈利预期也持续上调。3  月中下旬，一方面，热门赛道景气度指标，如新能源车销量陆续发布，当前市场的热门赛道景气度预期分歧较大，相关数据将成为景气确认的重要信号。另一方面，半导体设备、云计算、光通信这些细分领域的概念领域景气度或有反转的趋势。下游消费中，商贸、农业及医疗服务、医疗流通板块的盈利预测明显上调。受成本压力及疫情复发导致需求端受挫的双重影响，食品饮料行业增速放缓，消费板块内部业绩表现也出现明显的分化。商贸零售相对于21年的盈利下调出现明显的预期反转，22年盈利预测上调20%左右。必选消费业绩仍没有看到明显的上修，整体消费中，可选的盈利预期仍好于必选。但是  短期，粮食部分品种、包括农用化工受俄乌战火的影响，涨价预期比较强烈，受这种地缘冲突的影响，全球相关农产品价格在高位，这可能对农产品景气度有所助推，同时影响生猪价格的预期，这方面值得持续的观察。1.5 投资要点：仍以低估值蓝筹为主线，建议关注国产替代、军工、抗疫、黄金板块地缘冲突引发全球资本市场震荡，市场避险情绪急剧升温以及国内疫情多地散发势头尚未遏制住的背景下，低估值蓝筹的投资机会仍为市场最稳健的主线。成长股方面虽然整体估值受制于通胀上升，就具体配置而言，但如下细分仍值得关注：1)  对于整个西方的国产替代需求：本次危机，使得欧盟、日韩彻底倒向并绑定英美，就供应链安全角度而言，除美国外，其余来自于整个西方大联盟的关键零部件的国产替代或将在未来加速，建议关注：半导体上游材料，华为芯片相关的软件生态等。2) 伴随战争过程中西方现代化装备的展现，不断增加的双方核威慑，军工，特别是今年受益于国企改革三年试点收官年的主机厂值得重点关注。3)医药当中防疫物品，考虑到病毒的传播能力，除核酸检测、呼吸机等外，重点关注mRNA等新疫苗。4)避险情绪影响市场，海外通胀居高不下，地缘冲突叠加全球经济下行，建议关注黄金板块的配置价值。二 市场回顾及展望风格指数：本周市场行情普跌。中证500、中小板指领跌。活跃度方面，各行业换手率普遍回升，深证成指换手率上升明显。大类行业：本周医疗保健、日常消费相对表现亮眼，可选消费、房地产相对表现低迷。活跃度方面，能源换手率明显回落，医疗保健换手率明显回升。一级行业：本周一级行业普跌，家电、有色金属领跌。活跃度方面，医药、传媒换手率回升相对明显，国防军工换手率有所下滑。三 情绪指标跟踪全市场活跃度：2010年以来，全A日均换手率区间大致为0.4%-1.4%。20日平滑后本周全A换手率小幅下降。截止3月11日，单日换手率达到1.36%，处于历史分位的82.43%。创业板指换手率区间大致为2%-8%，20日平滑后创业板指换手率震荡上升。截止2022年3月11日，创业板单日换手率为13.50%，处于历史分位的90.6%。场内融资：本周融资余额小幅回升，截止3月10日，融资余额为16194亿元，较上周减少86.30亿。5日平滑后融资买入额占全市场成交额的比重较上周下降-0.2%。次新股指标：5日平滑后次新股换手率较上周小幅回升，截止3月11日，5日次新股换手率均值达到9.12%，处于历史分位87.14%。四 估值指标跟踪主要行业估值： PB估值中基有色金属、基础化工、电力设备及新能源、国防军工、汽车、消费者服务、食品饮料和电子行业估值水平高于历史均值;主要行业估值：PE估值中农林牧渔、食品饮料、公用事业、休闲服务、电器设备、汽车和综合行业估值水平高于历史均值;PE估值、PB估值均处在历史高位的行业：食品饮料、汽车行业估值水平高于历史均值;主要指数：PB估值上证50、创业板指估值水平高于历史均值;主要指数：PE估值上证50、中小板指估值水平高于历史均值;PE估值、PB估值均处在历史高位的指数：上证50估值水平高于历史均值;风险提示：地缘动荡事件加剧，国内Omicron疫情超预期爆发，美联储货币政策及国内货币政策流动性超预期收紧，研究报告使用的公开资料可能存在信息滞后或更新不及时的情况。","news_type":1,"symbols_score_info":{"159934":0.6,"161125":0.6,"399001":0.9,"510030":0.6,"QID":0.6,"SGCmain":0.6,"UDOW":0.6,"SPY":0.9,"000300.SH":0.6,"GLD":0.6,"DOG":0.6,"PSQ":0.6,"IAU":0.6,"IVV":0.6,"QLD":0.6,"GDX":0.6,"SPXU":0.6,"GCmain":0.9,"NUGT":0.6,"DXD":0.6,"YXI":0.6,".DJI":0.9,"OEX":0.6,"SSO":0.6,"MNQmain":0.6,"OEF":0.6,"ESmain":0.6,".SPX":0.6,"DDM":0.6,"MGCmain":0.6,"CNmain":0.9,"DJX":0.6,"SQQQ":0.6,".IXIC":0.9,"09939":0.9,"UPRO":0.6,"FXP":0.6,"TQQQ":0.6,"000016.SH":0.6,"QQQ":0.6,"XPP":0.6,"SGUmain":0.6,"NQmain":0.6,"SH":0.6,"SDOW":0.6,"DUST":0.6}},"isVote":1,"tweetType":1,"viewCount":2450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003649107,"gmtCreate":1640972513219,"gmtModify":1676533560054,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003649107","repostId":"2195412025","repostType":4,"isVote":1,"tweetType":1,"viewCount":2135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816859533,"gmtCreate":1630489103822,"gmtModify":1676530317875,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816859533","repostId":"1191600729","repostType":4,"repost":{"id":"1191600729","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":1630488653,"share":"https://ttm.financial/m/news/1191600729?lang=en_US&edition=fundamental","pubTime":"2021-09-01 17:30","market":"us","language":"zh","title":"XPeng Motors delivered 7,214 vehicles in August, with deliveries exceeding 7,000 for two consecutive months","url":"https://stock-news.laohu8.com/highlight/detail?id=1191600729","media":"老虎资讯综合","summary":"小鹏汽车：8月总交付7,214台，连续2个月交付量超7千。小鹏P78月交付6,165台，连续4个月创历史新高。今年1-8月累计交付45,992台，同比大增334%。\n小鹏汽车：8月我们完成了G3到G3","content":"<p>XPeng vehicles: A total of 7,214 units were delivered in August, and the delivery volume exceeded 7,000 units for two consecutive months. XPeng P78 delivered 6,165 units in month, hitting a record high for four consecutive months. From January to August this year, a total of 45,992 units were delivered, a year-on-year increase of 334%.</p><p>XPeng Automobile: In August, we completed the production switch from G3 to G3i. From next month, the much-anticipated facelifted model G3i will soon enter the stage of large-scale delivery!</p><p>Our Zhaoqing factory has started arranging two production shifts per day in August. The second phase expansion project of Zhaoqing factory has been started. In the first half of next year, the designed production capacity of Zhaoqing factory will be increased to more than 200,000 vehicles per year; The construction of the Guangzhou factory is progressing smoothly, and mass production is expected to officially begin in the third quarter of next year.<img src=\"https://static.tigerbbs.com/52a78e2db714c13758956d07dee8de71\" tg-width=\"1080\" tg-height=\"2339\" referrerpolicy=\"no-referrer\">After releasing August delivery data, XPeng Motor fell nearly 3% before the market.</p><p><img src=\"https://static.tigerbbs.com/6acb9f74aa00a84febfcaeeca2b67100\" tg-width=\"832\" tg-height=\"711\" 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>XPeng Motors delivered 7,214 vehicles in August, with deliveries exceeding 7,000 for two consecutive months</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\">\nXPeng Motors delivered 7,214 vehicles in August, with deliveries exceeding 7,000 for two consecutive months\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\">2021-09-01 17:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>XPeng vehicles: A total of 7,214 units were delivered in August, and the delivery volume exceeded 7,000 units for two consecutive months. XPeng P78 delivered 6,165 units in month, hitting a record high for four consecutive months. From January to August this year, a total of 45,992 units were delivered, a year-on-year increase of 334%.</p><p>XPeng Automobile: In August, we completed the production switch from G3 to G3i. From next month, the much-anticipated facelifted model G3i will soon enter the stage of large-scale delivery!</p><p>Our Zhaoqing factory has started arranging two production shifts per day in August. The second phase expansion project of Zhaoqing factory has been started. In the first half of next year, the designed production capacity of Zhaoqing factory will be increased to more than 200,000 vehicles per year; The construction of the Guangzhou factory is progressing smoothly, and mass production is expected to officially begin in the third quarter of next year.<img src=\"https://static.tigerbbs.com/52a78e2db714c13758956d07dee8de71\" tg-width=\"1080\" tg-height=\"2339\" referrerpolicy=\"no-referrer\">After releasing August delivery data, XPeng Motor fell nearly 3% before the market.</p><p><img src=\"https://static.tigerbbs.com/6acb9f74aa00a84febfcaeeca2b67100\" tg-width=\"832\" tg-height=\"711\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ccf08a65163213fb22b4f94f7fb404e8","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191600729","content_text":"小鹏汽车：8月总交付7,214台，连续2个月交付量超7千。小鹏P78月交付6,165台，连续4个月创历史新高。今年1-8月累计交付45,992台，同比大增334%。\n小鹏汽车：8月我们完成了G3到G3i的生产切换，从下月起，备受鹏友期待的改款车型G3i即将进入规模交付阶段！\n我们的肇庆工厂已经于8月开始每天安排两个生产班次。肇庆工厂二期扩建项目已经启动，在明年上半年内，肇庆工厂设计产能将提高到每年超过20万辆；广州工厂建设进展顺利，预计明年三季度可以正式开始量产。公布8月交付数据后，小鹏汽车盘前跌近3%。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898652739,"gmtCreate":1628495966121,"gmtModify":1703507048235,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898652739","repostId":"2158417398","repostType":4,"repost":{"id":"2158417398","kind":"news","pubTimestamp":1628495887,"share":"https://ttm.financial/m/news/2158417398?lang=en_US&edition=fundamental","pubTime":"2021-08-09 15:58","market":"us","language":"zh","title":"Earnings Preview: Will retail investors fall in love with AMC cinemas again?","url":"https://stock-news.laohu8.com/highlight/detail?id=2158417398","media":"智通财经","summary":"AMC院线将于美东时间8月9日美股盘后公布2021财年第二财季业绩。市场预期每股亏损为0.93美元，营收为3.75亿美元。相比之下，上年同期每股亏损为5.36美元，营收为1890万美元。\n在年初的多空","content":"<p><a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>The results for the second quarter of fiscal year 2021 will be announced after the U.S. stock market closes on August 9, Eastern Time. The market expected a loss of $0.93 per share on revenue of $375 million. This compares to a loss of $5.36 per share and revenue of $18.9 million in the same period last year.</p><p>In the long-short war at the beginning of the year, AMC Cinemas was also one of the targets for American retail investors to do more. AMC Cinemas' stock is still up 1500% year-to-date, meaning the retail frenzy for the stock hasn't completely disappeared, but with the stock down more than 35% in the past month, including a 12% drop in one week, the market has also begun to reassess AMC Cinemas' position as the number one MEME stock.</p><p>Under the double pressure of simultaneous streaming of blockbusters and the spread of the Delta mutant strain, the market needs to consider whether it is enough for the company to continue to reduce debt and interest costs if the audience of AMC theaters returns to 80%-90% of the pre-epidemic level?</p><p>It is reported that the company has successfully issued more shares to raise funds, and this necessary additional issuance may help companies survive the environment where the Delta mutant strain is spreading. In addition, the market will pay more attention to the impact of simultaneous release of streaming media and cinemas on the staying power of AMC cinema performance.</p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Earnings Preview: Will retail investors fall in love with AMC cinemas again?</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\">\nEarnings Preview: Will retail investors fall in love with AMC cinemas again?\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\">2021-08-09 15:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>The results for the second quarter of fiscal year 2021 will be announced after the U.S. stock market closes on August 9, Eastern Time. The market expected a loss of $0.93 per share on revenue of $375 million. This compares to a loss of $5.36 per share and revenue of $18.9 million in the same period last year.</p><p>In the long-short war at the beginning of the year, AMC Cinemas was also one of the targets for American retail investors to do more. AMC Cinemas' stock is still up 1500% year-to-date, meaning the retail frenzy for the stock hasn't completely disappeared, but with the stock down more than 35% in the past month, including a 12% drop in one week, the market has also begun to reassess AMC Cinemas' position as the number one MEME stock.</p><p>Under the double pressure of simultaneous streaming of blockbusters and the spread of the Delta mutant strain, the market needs to consider whether it is enough for the company to continue to reduce debt and interest costs if the audience of AMC theaters returns to 80%-90% of the pre-epidemic level?</p><p>It is reported that the company has successfully issued more shares to raise funds, and this necessary additional issuance may help companies survive the environment where the Delta mutant strain is spreading. In addition, the market will pay more attention to the impact of simultaneous release of streaming media and cinemas on the staying power of AMC cinema performance.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/529645.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/765eea7b8efcd21c54c30bb5f35bff0d","relate_stocks":{"AMC":"AMC院线"},"source_url":"http://www.zhitongcaijing.com/content/detail/529645.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158417398","content_text":"AMC院线将于美东时间8月9日美股盘后公布2021财年第二财季业绩。市场预期每股亏损为0.93美元，营收为3.75亿美元。相比之下，上年同期每股亏损为5.36美元，营收为1890万美元。\n在年初的多空大战中，AMC院线也是美国散户抱团做多的对象之一。AMC院线的股价今年迄今仍上涨了1500%，意味着散户们对该股的狂热并没有完全消失，但随着该股在过去一个月里下跌了35%以上，其中包括一周内下跌了12%，市场也开始重新评估AMC院线作为头号MEME股的地位。\n在同步流媒体发行大片加上Delta变异毒株传播的双重打压下，市场需要考虑，若AMC院线的观众人数恢复到疫情前的80%-90%的水平，这是否足以让公司继续削减债务和利息成本?\n据悉，该公司已成功发行更多股份以筹集资金，而这种必要的增发可能会帮助企业在Delta变异毒株传播的环境在中生存下来。此外，市场将更关注流媒体与院线同步上映电影对AMC院线业绩的持久力的影响。","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121559310,"gmtCreate":1624483443130,"gmtModify":1703837877313,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"Hahahahahaha","listText":"Hahahahahaha","text":"Hahahahahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121559310","repostId":"1161959795","repostType":4,"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009436851,"gmtCreate":1640751398534,"gmtModify":1676533539119,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009436851","repostId":"2194634480","repostType":4,"repost":{"id":"2194634480","kind":"highlight","pubTimestamp":1640751129,"share":"https://ttm.financial/m/news/2194634480?lang=en_US&edition=fundamental","pubTime":"2021-12-29 12:12","market":"hk","language":"zh","title":"What hydrogen energy companies are there in Hong Kong stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2194634480","media":"格隆汇","summary":"随着绿电的占比越来越大，储能行业及氢能是明年重点关注的细分版块。","content":"<p>What is the outlook for 2022? Different articles will be published one after another in the near future, please pay attention. Under China's two-carbon environment, new energy will still be the mainstream in 2022, and each segment in this field has different stages of development. Hydrogen fuel cell vehicles will be used during the Winter Olympics to help the development of hydrogen energy, and hydrogen energy may reach a new stage next year. What hydrogen energy industry stocks should I pay attention to in Hong Kong stocks?</p><p><h3><b>Choose between new energy sources?</b></h3>Among many sectors, in a carbon-neutral environment, new energy is still the most promising core asset. In high-prosperity tracks such as new energy vehicles and photovoltaics, the prices of upstream raw materials for photovoltaics are gradually easing, and the downstream demand for photovoltaics will be further released. At present, wind and photovoltaic power stations with energy storage projects are already standard, and next year will open a new chapter in the energy storage segment industry.</p><p>Another promising thing is the hydrogen energy industry. Since the beginning of this year, the development of domestic hydrogen energy has been booming. At present, more than 20 provinces and more than 40 prefecture-level cities have released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and hydrogen energy and fuel subsidy support policies related to the cell industry have been introduced. Many central enterprises and listed companies are also competing to develop hydrogen energy.</p><p><img src=\"https://static.tigerbbs.com/b1524405382daa3e7f4bef15fc32ee51\" tg-width=\"504\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>At the beginning of this year, hydrogen energy was included in the national 14th Five-Year Plan and the outline of long-term goals for 2035, and a series of policies were accelerated. Recently, the five departments jointly issued the \"Notice on Starting the Demonstration Application of Fuel Cell Vehicles\". The urban agglomerations submitted by Beijing, Shanghai, and Guangdong Province became the first batch of demonstration cities. During the four-year demonstration period, each urban agglomeration can receive up to 1.7 billion yuan in central fiscal funds.</p><p><h3><b>Hydrogen energy enters practical stage</b></h3>In the upcoming 2022 Beijing Winter Olympics, hydrogen energy will continue to exert its strength. Many Chinese hydrogen energy brands will support green + technology for the Beijing Winter Olympics and will also lead the future human lifestyle. Large-scale use of hydrogen energy logistics vehicles and large transport vehicles. This proves that hydrogen energy has entered the first step in practice. As it is used more and more widely in various places and basic equipment begins to be improved, this industry is in the initial stages of explosion.</p><p><img src=\"https://static.tigerbbs.com/342a8fe2c4689fd7b8a3357519384270\" tg-width=\"896\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">During the Beijing Winter Olympics, 600 hydrogen fuel cell buses provided hydrogenation through 5 hydrogenation stations and served in the competition area. There will be 212 100% domestically produced hydrogen fuel cell buses. Taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics have overcome many technical problems and also driven the development of domestic hydrogen energy-related technologies.</p><p>As an emerging industry, hydrogen energy also faces problems such as immature standard system, imperfect industrial chain and supporting facilities. The biggest problem with hydrogen fuel cells is not in the hydrogen production link, but in the storage, transportation and processing links. At present, the cost of hydrogen production can be controlled at about 10 yuan per kilogram, but the storage, transportation and hydrogenation links cost 30 yuan, so the cost in the middle part must be reduced.</p><p><h3><b>Breakdown of Hong Kong-stock hydrogen energy companies</b></h3>I have also written about the development of hydrogen energy several times this year, and I will count many concept Hong Kong stocks one by one. What other companies will develop hydrogen energy next year? What new forces have entered the game?</p><p>As of the end of 2020, the number of fuel cell vehicles in my country was 7,352. The construction progress of hydrogen refueling stations is gradually accelerating. By the end of 2020, 128 hydrogen refueling stations have been built. With the help of the Winter Olympics to promote the development of domestic hydrogen energy companies, and many cities have proposed hydrogen energy development plans for 2025, next year will be the year when hydrogen energy applications will be accelerated.</p><p><b>In terms of hydrogen production:</b></p><p><b>Sinopec</b></p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>Sinopec is one of the largest integrated energy and chemical companies in China. Sinopec has one base, two wings and three new industrial structures, helping to reach carbon peak and achieve carbon neutrality. The former annual hydrogen production capacity exceeded 3.9 million tons, accounting for about 11% of the national hydrogen production.</p><p><img src=\"https://static.tigerbbs.com/3090a2c3ce83255dbd688a9c03d107c6\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Sinopec plans to deploy 1,000 hydrogen refueling stations</b></p><p>At the same time, Sinopec plans to deploy 1,000 hydrogenation stations or joint oil-hydrogen stations to help hydrogen energy become Sinopec's most competitive strategic emerging business. Comprehensively promote the construction of the entire hydrogen energy industry chain, and have made breakthroughs in many fields such as hydrogen refueling stations, hydrogen production technology, hydrogen fuel cells, and hydrogen storage materials.</p><p>On September 9, Sinopec fully launched hydrogen energy services for the Winter Olympics. In the two major competition areas of Chongli and Yanqing for the Beijing Winter Olympics, Beijing Qingyuan Street Hydrogen Refueling Station, Beijing Wangquanying Hydrogen Refueling Station, Beijing Yanhua Xinglong Oil and Hydrogen Joint Construction Station, Hebei Chongli Xiwanzi Hydrogen Refueling Station, a total of 4 hydrogen refueling stations serving the Winter Olympics were officially put into operation.</p><p><b>PetroChina</b></p><p>PetroChina, like Sinopec, is a major energy and chemical company in China. On October 20, PetroChina released the \"Winter Olympics Guarantee Plan\". According to the plan, PetroChina will provide three-dimensional guarantee for the Winter Olympics from five aspects: oil, gas, hydrogen, meals and accommodation.</p><p>In terms of hydrogen energy, PetroChina is expected to provide services for 816 hydrogen fuel cell vehicles, and is expected to supply 155 tons of hydrogen energy, with a cumulative mileage of 2.32 million kilometers available for these vehicles.</p><p><b>Xuyang</b></p><p>Risun uses coke oven gas to produce hydrogen. Last year, it made every effort to develop the hydrogen energy industry. As the first batch of enterprises selected into the \"Hebei Province Hydrogen Energy Industry Key Project List in 2020\", Risun Group has the ability to produce high-purity hydrogen with a purity of 99.999%. Join hands with the Dingzhou Municipal People's Government to build a hydrogen energy application demonstration city.</p><p>Risun's multiple hydrogen energy projects are under implementation. It plans to build an oil, gas and hydrogen trinity hydrogenation station in Dingzhou, which is expected to be completed in January 2022. It is planned to build 10 hydrogen refueling stations around Hohhot in the next five years. At the same time, we will actively explore the planning and construction of the hydrogen pipeline from Qingshuihe County to Beijing. After it is laid and put into use, it will serve as an important hydrogen supply guarantee pipeline for cities along the route such as Hohhot, Zhangjiakou, and Beijing.</p><p><b>Jinma Energy</b></p><p>Jinma Energy is mainly engaged in the production of coke and coking by-products such as benzene, coal tar and raw gas. The business has covered the production, transportation, storage and other links of high-purity hydrogen, with an annual production capacity of more than 300 million cubic meters (approximately 27,000 tons).</p><p>Earlier, a joint venture agreement was entered into with Shanghai Hydrogen Maple, and the parties have agreed to establish a joint venture company in Henan Province, China. Shanghai Hydrogen Maple participates in the construction and operation of 12 hydrogen refueling stations.</p><p><b>Xintian Green Energy</b></p><p>Xintian Green Energy's annual report last year disclosed that the company, together with Hebei University of Science and Technology and other units, jointly applied for a large-scale renewable energy coupled hydrogen production key technology and application demonstration project, that is, a project that converts wind power into hydrogen energy.</p><p>It uses wind power to produce hydrogen, and now has a 10MW water electrolysis hydrogen production system.</p><p><b>GCL New Energy</b></p><p>GCL New Energy officially released the hydrogen energy strategy of listed companies at the end of July. The strategy consists of two parts: blue hydrogen and green hydrogen. Among them, the first phase of blue hydrogen aims to build an annual production of 2.3 million tons of synthetic ammonia, gradually expand capacity to a production scale of 4 million tons per year, and can supply 700,000 tons of domestic blue hydrogen. The green hydrogen goal is to build 100 comprehensive energy stations by 2025, reaching an annual production capacity of 400,000 tons.</p><p>On December 19, GCL New Energy and GCL-Poly (03800. HK) jointly announced that they had signed a long-term natural gas procurement framework agreement, which indicates that GCL New Energy will obtain a stable gas source of 5 trillion cubic meters in the future. Provide a solid guarantee for the development of the company's hydrogen energy industry.</p><p><b>Hydrogen storage and transportation</b></p><p><b>CIMC Enric</b></p><p>CIMC Enric backed by<a href=\"https://laohu8.com/S/000039\">CIMC Group</a>, has its own industrial chain advantages. CIMC Enric has made great efforts in the hydrogen energy industry in recent years. In May last year, it signed a strategic cooperation with Norwegian listed company Hexagon to jointly expand China's hydrogen storage and transportation equipment market.</p><p><img src=\"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The strategic cooperation involves the production and storage and transportation solutions of Type III and Type IV hydrogen storage bottles, as well as the production of hydrogen supply systems. The company and Angang Energy Technology Co., Ltd. started a hydrogen co-production project from coke oven gas to liquefied natural gas (LNG), and entered the hydrogen production link, which has the characteristics of great resource potential and low cost.</p><p><b>Jingcheng Electromechanical</b></p><p>In March last year, 52 million yuan was raised to build a Type IV hydrogen storage bottle production line, and on May 17 this year, a Type IV bottle with completely independent intellectual property rights was launched. At present, Type IV bottles have not been mass-produced, while Type III fully wound bottles have been put into operation, and the overall technology is relatively mature.</p><p>The main business of Jingcheng Electromechanical is the gas storage and transportation equipment manufacturing industry, which does not involve the hydrogen energy battery industry, and the sales revenue of the company's hydrogen storage bottles and other related products accounts for a relatively small proportion compared with the company's other main products. Jingcheng Electromechanical has skyrocketed for a period of time, and it is currently in the midst of a correction, so be careful when intervening.</p><p><b>Fuel Cell Technical Field</b></p><p><b>Weichai Power</b></p><p><a href=\"https://laohu8.com/S/02338\">Weichai Power</a>Acquired a 20% stake in Ceres Power in the UK for 48 million pounds, and launched a comprehensive cooperation with it in the field of solid oxide fuel cells (SOFC technology). The first phase of cooperation will jointly develop fuel cells for use in the range-extending system of electric buses.</p><p><img src=\"https://static.tigerbbs.com/5ba243084bad547384425ed0e41745e1\" tg-width=\"810\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Many heavy trucks and buses use its hydrogen fuel cell system</b></p><p>Thanks to its advantages in the field of heavy trucks, the marketization of the hydrogen energy industry is earlier than that of industry companies. Weichai Power's hydrogen fuel cell and reactor-related products are mainly supported in<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>、<a href=\"https://laohu8.com/S/600213\">Yaxing Bus</a>(b)<a href=\"https://laohu8.com/S/600066\">Yutong Bus</a>、<a href=\"https://laohu8.com/S/000951\">Sinotruk</a>Waiting for customers. Among them, Shaanxi Heavy Duty Truck is a holding subsidiary of the company, and hydrogen gas vehicles are also one of its strategic businesses.</p><p><b>Yingheng Technology</b></p><p>Yingheng Technology has strong R&D capabilities and is also a pioneer in the development of hydrogen fuel cell vehicles. The company's solutions include fuel cell controls and high-speed air compressor controllers.</p><p>Yingheng has designed a high-speed air compressor controller that can achieve speed control above 100,000 rpm. This product is also accepted by China's largest hydrogen fuel cell vehicle manufacturer. The air compressor provides the oxygen required for the electrochemical reaction inside the fuel cell. It is one of the components of the collar, and its cost accounts for 1/4 of the fuel cell engine. According to the brokerage estimate, the unit price of this product is 10,000 yuan.</p><p>Recently, a subsidiary, Shanghai Hydrogen Automotive Electronics Co., Ltd., was established. The new company originates from the Group's Fuel Cell Controller Division and will focus on the development and commercialization of hydrogen fuel cell core electronic control system.</p><p><b>Dongyue</b></p><p>Dongyue Hydrogen Energy has fully mastered the key intermediates, monomer production technology, resin raw material production technology, film formation process technology, equipment technology and quality control technology for fuel cell membrane production, and has obtained dozens of domestic and foreign patents. The first phase of its 1.5 million square meters fuel cell proton exchange membrane production line has been put into production.</p><p>Through cooperation with Mercedes-Benz, Ford, etc., Dongyue Hydrogen Energy has become one of the few companies in the world that provide mass-produced proton exchange membranes for fuel cell vehicles. Judging from the current domestic situation, the production and sales of its proton exchange membrane fuel cells are far ahead of other automotive hydrogen fuel cells.</p><p><b>Dongfang Electric</b></p><p><a href=\"https://laohu8.com/S/01072\">Dongfang Electric</a>Its subsidiary Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co., Ltd. completed capital increase and share expansion in 2020. Participating in the mixed reform of Dongfang Hydrogen Energy include Three Gorges Capital, Zhongtian Bishui, Dongfang Hydrogen Energy Fund, and Dongfang Hydrogen Energy Holding Platform. This move aims to effectively leverage the advantages of each company, integrate multiple resources, focus on solving \"stuck neck\" problems such as core components in the hydrogen energy and fuel cell industries, and realize the coordinated development, transformation and upgrading of the hydrogen energy industry chain and value chain.</p><p>Dongfang Hydrogen Energy is one of the few fuel cell companies in China that can support 100-unit hydrogen buses.</p><p><b>Shanghai Electric</b></p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>Power Station Group is the core industrial sector of Shanghai Electric, specializing in power generation equipment manufacturing, power station engineering construction and power station engineering services. Shanghai Electric has been researching proton exchange membrane fuel cell technology since 2016. After three years of independent research and development accumulation, it has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products.</p><p>In 2019, Shanghai Electric has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products with completely independent intellectual property rights. Based on this, Shanghai Electric has formed a relatively complete technical reserve and industrial competitiveness in the fuel cell system-stack-membrane electrode industry chain.</p><p><b>Hydrogen fuel cell vehicle</b></p><p>The application of hydrogen energy in the transportation field in my country follows the path of commercial vehicles developing first and passenger cars developing later. According to data from the National Testing and Management Platform for New Energy Vehicles, the number of fuel cell buses, trucks, and logistics vehicles in my country in 2020 will be 2,500, 4,070, and 780 respectively.</p><p>Among them, Zhongtong Bus, SAIC Maxus, Yutong Bus, Yaxing Bus, Foton Bus, Shanghai Sunlong and Foshan Feichi are the main companies that produce hydrogen energy vehicles.</p><p><b>GAC Group</b></p><p>Now<a href=\"https://laohu8.com/S/02238\">GAC Group</a>The pace is relatively fast. The company has released the GAC Aion LX Fuel Cell hydrogen fuel model, which was included in the recommended catalog of the Ministry of Industry and Information Technology this year. It has a top speed of 160KM/h, a cruising range of up to 650km, and hydrogen filling can be completed in 3-5 minutes. The experience of using traditional fuel vehicles is almost the same.</p><p><img src=\"https://static.tigerbbs.com/0651dd9d2fc444ca08e62c76981ecc29\" tg-width=\"640\" tg-height=\"406\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>This model was put into trial operation on the Guangzhou network car platform in October this year. The first batch of 10 vehicles will be put into operation, and 10,000 vehicles will be put into operation in four years.</p><p><b>Great Wall</b></p><p>Great Wall has released products such as a 95kW passenger car fuel cell system engine, a platform fuel cell stack that can be expanded to a maximum of 150kW, and a 70MPa high-pressure hydrogen storage bottle valve and pressure reducing valve. The 95kW passenger car fuel cell system engine has been successfully installed<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The first fuel cell SUV to be launched.</p><p><b>Qingling Motors</b></p><p>Qingling has made good progress in developing hydrogen fuel cell vehicles. On August 13, Qingling held a signing and delivery ceremony for the first batch of customers of hydrogen fuel cell vehicles in Chongqing.</p><p>Qingling Automobile and Bosch of Germany established their first hydrogen fuel cell engine joint venture company outside Chongqing, focusing on the future development direction of automobiles and taking the lead in developing hydrogen fuel cell engines and hydrogen-powered trucks. In addition, the key components required for Qingling's hydrogen-powered vehicles have been produced locally, driving the localization of upstream and downstream industrial chains.</p><p><b>Sinotruk</b></p><p>With the downward cycle of the heavy-duty truck market likely to continue into next year, the management of Sinotruk believes that it can further strengthen its industry leadership position with the launch of new models, overseas expansion and cost saving measures. Coupled with the advanced deployment of infrastructure by the state, the recovery of the heavy-duty truck market is favorable.</p><p>Sinotruk has achieved a complete product layout in the field of new energy heavy trucks. Its products cover pure electric, hybrid, hydrogen fuel cell and other power forms, and the types involve trucks, dump trucks, tractors, special vehicles, mixer trucks and other product segments.</p><p><img src=\"https://static.tigerbbs.com/afd729eb7a31014654764fe5e0c3fb89\" tg-width=\"640\" tg-height=\"456\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">China National Heavy Duty Truck said that the company delivered a self-developed snow truck equipped with fuel cells for the Winter Olympics, and its power is currently the largest in China. The Yellow River heavy-duty tractor independently developed by China National Heavy Duty Truck is equipped with WEF160 hydrogen fuel cell. It is the first 162kw fuel cell heavy-duty truck in China and achieves environmental protection and zero emissions.<b>The fuel cell system of this Huanghe brand fuel cell tractor comes from Weichai Power.</b></p><p><h3><b>epilogue</b></h3>In 2021, Hong Kong stocks will enter a bear market. Hong Kong stocks have fallen for more than 10 months, with a decline of 27%. Entering 2022, the new energy field is still one of the cores of everyone's attention. With the development of green power this year, many power stocks have risen several times, becoming a safe haven in a falling market. With the increasing proportion of green electricity, the energy storage industry and hydrogen energy are the subdivisions to be focused on next year. In addition, taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics will promote the development of hydrogen energy. Next year, hydrogen fuel cell buses, trucks, and logistics vehicles will gradually see results. More than 20 provinces and more than 40 prefecture-level cities have previously released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and many central enterprises and listed companies are also competing. The layout of hydrogen energy development is also worthy of everyone's attention.</p>","source":"gelonghui_highlight","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>What hydrogen energy companies are there in Hong Kong stocks?</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\">\nWhat hydrogen energy companies are there in Hong Kong stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-12-29 12:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What is the outlook for 2022? Different articles will be published one after another in the near future, please pay attention. Under China's two-carbon environment, new energy will still be the mainstream in 2022, and each segment in this field has different stages of development. Hydrogen fuel cell vehicles will be used during the Winter Olympics to help the development of hydrogen energy, and hydrogen energy may reach a new stage next year. What hydrogen energy industry stocks should I pay attention to in Hong Kong stocks?</p><p><h3><b>Choose between new energy sources?</b></h3>Among many sectors, in a carbon-neutral environment, new energy is still the most promising core asset. In high-prosperity tracks such as new energy vehicles and photovoltaics, the prices of upstream raw materials for photovoltaics are gradually easing, and the downstream demand for photovoltaics will be further released. At present, wind and photovoltaic power stations with energy storage projects are already standard, and next year will open a new chapter in the energy storage segment industry.</p><p>Another promising thing is the hydrogen energy industry. Since the beginning of this year, the development of domestic hydrogen energy has been booming. At present, more than 20 provinces and more than 40 prefecture-level cities have released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and hydrogen energy and fuel subsidy support policies related to the cell industry have been introduced. Many central enterprises and listed companies are also competing to develop hydrogen energy.</p><p><img src=\"https://static.tigerbbs.com/b1524405382daa3e7f4bef15fc32ee51\" tg-width=\"504\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>At the beginning of this year, hydrogen energy was included in the national 14th Five-Year Plan and the outline of long-term goals for 2035, and a series of policies were accelerated. Recently, the five departments jointly issued the \"Notice on Starting the Demonstration Application of Fuel Cell Vehicles\". The urban agglomerations submitted by Beijing, Shanghai, and Guangdong Province became the first batch of demonstration cities. During the four-year demonstration period, each urban agglomeration can receive up to 1.7 billion yuan in central fiscal funds.</p><p><h3><b>Hydrogen energy enters practical stage</b></h3>In the upcoming 2022 Beijing Winter Olympics, hydrogen energy will continue to exert its strength. Many Chinese hydrogen energy brands will support green + technology for the Beijing Winter Olympics and will also lead the future human lifestyle. Large-scale use of hydrogen energy logistics vehicles and large transport vehicles. This proves that hydrogen energy has entered the first step in practice. As it is used more and more widely in various places and basic equipment begins to be improved, this industry is in the initial stages of explosion.</p><p><img src=\"https://static.tigerbbs.com/342a8fe2c4689fd7b8a3357519384270\" tg-width=\"896\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">During the Beijing Winter Olympics, 600 hydrogen fuel cell buses provided hydrogenation through 5 hydrogenation stations and served in the competition area. There will be 212 100% domestically produced hydrogen fuel cell buses. Taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics have overcome many technical problems and also driven the development of domestic hydrogen energy-related technologies.</p><p>As an emerging industry, hydrogen energy also faces problems such as immature standard system, imperfect industrial chain and supporting facilities. The biggest problem with hydrogen fuel cells is not in the hydrogen production link, but in the storage, transportation and processing links. At present, the cost of hydrogen production can be controlled at about 10 yuan per kilogram, but the storage, transportation and hydrogenation links cost 30 yuan, so the cost in the middle part must be reduced.</p><p><h3><b>Breakdown of Hong Kong-stock hydrogen energy companies</b></h3>I have also written about the development of hydrogen energy several times this year, and I will count many concept Hong Kong stocks one by one. What other companies will develop hydrogen energy next year? What new forces have entered the game?</p><p>As of the end of 2020, the number of fuel cell vehicles in my country was 7,352. The construction progress of hydrogen refueling stations is gradually accelerating. By the end of 2020, 128 hydrogen refueling stations have been built. With the help of the Winter Olympics to promote the development of domestic hydrogen energy companies, and many cities have proposed hydrogen energy development plans for 2025, next year will be the year when hydrogen energy applications will be accelerated.</p><p><b>In terms of hydrogen production:</b></p><p><b>Sinopec</b></p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>Sinopec is one of the largest integrated energy and chemical companies in China. Sinopec has one base, two wings and three new industrial structures, helping to reach carbon peak and achieve carbon neutrality. The former annual hydrogen production capacity exceeded 3.9 million tons, accounting for about 11% of the national hydrogen production.</p><p><img src=\"https://static.tigerbbs.com/3090a2c3ce83255dbd688a9c03d107c6\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Sinopec plans to deploy 1,000 hydrogen refueling stations</b></p><p>At the same time, Sinopec plans to deploy 1,000 hydrogenation stations or joint oil-hydrogen stations to help hydrogen energy become Sinopec's most competitive strategic emerging business. Comprehensively promote the construction of the entire hydrogen energy industry chain, and have made breakthroughs in many fields such as hydrogen refueling stations, hydrogen production technology, hydrogen fuel cells, and hydrogen storage materials.</p><p>On September 9, Sinopec fully launched hydrogen energy services for the Winter Olympics. In the two major competition areas of Chongli and Yanqing for the Beijing Winter Olympics, Beijing Qingyuan Street Hydrogen Refueling Station, Beijing Wangquanying Hydrogen Refueling Station, Beijing Yanhua Xinglong Oil and Hydrogen Joint Construction Station, Hebei Chongli Xiwanzi Hydrogen Refueling Station, a total of 4 hydrogen refueling stations serving the Winter Olympics were officially put into operation.</p><p><b>PetroChina</b></p><p>PetroChina, like Sinopec, is a major energy and chemical company in China. On October 20, PetroChina released the \"Winter Olympics Guarantee Plan\". According to the plan, PetroChina will provide three-dimensional guarantee for the Winter Olympics from five aspects: oil, gas, hydrogen, meals and accommodation.</p><p>In terms of hydrogen energy, PetroChina is expected to provide services for 816 hydrogen fuel cell vehicles, and is expected to supply 155 tons of hydrogen energy, with a cumulative mileage of 2.32 million kilometers available for these vehicles.</p><p><b>Xuyang</b></p><p>Risun uses coke oven gas to produce hydrogen. Last year, it made every effort to develop the hydrogen energy industry. As the first batch of enterprises selected into the \"Hebei Province Hydrogen Energy Industry Key Project List in 2020\", Risun Group has the ability to produce high-purity hydrogen with a purity of 99.999%. Join hands with the Dingzhou Municipal People's Government to build a hydrogen energy application demonstration city.</p><p>Risun's multiple hydrogen energy projects are under implementation. It plans to build an oil, gas and hydrogen trinity hydrogenation station in Dingzhou, which is expected to be completed in January 2022. It is planned to build 10 hydrogen refueling stations around Hohhot in the next five years. At the same time, we will actively explore the planning and construction of the hydrogen pipeline from Qingshuihe County to Beijing. After it is laid and put into use, it will serve as an important hydrogen supply guarantee pipeline for cities along the route such as Hohhot, Zhangjiakou, and Beijing.</p><p><b>Jinma Energy</b></p><p>Jinma Energy is mainly engaged in the production of coke and coking by-products such as benzene, coal tar and raw gas. The business has covered the production, transportation, storage and other links of high-purity hydrogen, with an annual production capacity of more than 300 million cubic meters (approximately 27,000 tons).</p><p>Earlier, a joint venture agreement was entered into with Shanghai Hydrogen Maple, and the parties have agreed to establish a joint venture company in Henan Province, China. Shanghai Hydrogen Maple participates in the construction and operation of 12 hydrogen refueling stations.</p><p><b>Xintian Green Energy</b></p><p>Xintian Green Energy's annual report last year disclosed that the company, together with Hebei University of Science and Technology and other units, jointly applied for a large-scale renewable energy coupled hydrogen production key technology and application demonstration project, that is, a project that converts wind power into hydrogen energy.</p><p>It uses wind power to produce hydrogen, and now has a 10MW water electrolysis hydrogen production system.</p><p><b>GCL New Energy</b></p><p>GCL New Energy officially released the hydrogen energy strategy of listed companies at the end of July. The strategy consists of two parts: blue hydrogen and green hydrogen. Among them, the first phase of blue hydrogen aims to build an annual production of 2.3 million tons of synthetic ammonia, gradually expand capacity to a production scale of 4 million tons per year, and can supply 700,000 tons of domestic blue hydrogen. The green hydrogen goal is to build 100 comprehensive energy stations by 2025, reaching an annual production capacity of 400,000 tons.</p><p>On December 19, GCL New Energy and GCL-Poly (03800. HK) jointly announced that they had signed a long-term natural gas procurement framework agreement, which indicates that GCL New Energy will obtain a stable gas source of 5 trillion cubic meters in the future. Provide a solid guarantee for the development of the company's hydrogen energy industry.</p><p><b>Hydrogen storage and transportation</b></p><p><b>CIMC Enric</b></p><p>CIMC Enric backed by<a href=\"https://laohu8.com/S/000039\">CIMC Group</a>, has its own industrial chain advantages. CIMC Enric has made great efforts in the hydrogen energy industry in recent years. In May last year, it signed a strategic cooperation with Norwegian listed company Hexagon to jointly expand China's hydrogen storage and transportation equipment market.</p><p><img src=\"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The strategic cooperation involves the production and storage and transportation solutions of Type III and Type IV hydrogen storage bottles, as well as the production of hydrogen supply systems. The company and Angang Energy Technology Co., Ltd. started a hydrogen co-production project from coke oven gas to liquefied natural gas (LNG), and entered the hydrogen production link, which has the characteristics of great resource potential and low cost.</p><p><b>Jingcheng Electromechanical</b></p><p>In March last year, 52 million yuan was raised to build a Type IV hydrogen storage bottle production line, and on May 17 this year, a Type IV bottle with completely independent intellectual property rights was launched. At present, Type IV bottles have not been mass-produced, while Type III fully wound bottles have been put into operation, and the overall technology is relatively mature.</p><p>The main business of Jingcheng Electromechanical is the gas storage and transportation equipment manufacturing industry, which does not involve the hydrogen energy battery industry, and the sales revenue of the company's hydrogen storage bottles and other related products accounts for a relatively small proportion compared with the company's other main products. Jingcheng Electromechanical has skyrocketed for a period of time, and it is currently in the midst of a correction, so be careful when intervening.</p><p><b>Fuel Cell Technical Field</b></p><p><b>Weichai Power</b></p><p><a href=\"https://laohu8.com/S/02338\">Weichai Power</a>Acquired a 20% stake in Ceres Power in the UK for 48 million pounds, and launched a comprehensive cooperation with it in the field of solid oxide fuel cells (SOFC technology). The first phase of cooperation will jointly develop fuel cells for use in the range-extending system of electric buses.</p><p><img src=\"https://static.tigerbbs.com/5ba243084bad547384425ed0e41745e1\" tg-width=\"810\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>Many heavy trucks and buses use its hydrogen fuel cell system</b></p><p>Thanks to its advantages in the field of heavy trucks, the marketization of the hydrogen energy industry is earlier than that of industry companies. Weichai Power's hydrogen fuel cell and reactor-related products are mainly supported in<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>、<a href=\"https://laohu8.com/S/600213\">Yaxing Bus</a>(b)<a href=\"https://laohu8.com/S/600066\">Yutong Bus</a>、<a href=\"https://laohu8.com/S/000951\">Sinotruk</a>Waiting for customers. Among them, Shaanxi Heavy Duty Truck is a holding subsidiary of the company, and hydrogen gas vehicles are also one of its strategic businesses.</p><p><b>Yingheng Technology</b></p><p>Yingheng Technology has strong R&D capabilities and is also a pioneer in the development of hydrogen fuel cell vehicles. The company's solutions include fuel cell controls and high-speed air compressor controllers.</p><p>Yingheng has designed a high-speed air compressor controller that can achieve speed control above 100,000 rpm. This product is also accepted by China's largest hydrogen fuel cell vehicle manufacturer. The air compressor provides the oxygen required for the electrochemical reaction inside the fuel cell. It is one of the components of the collar, and its cost accounts for 1/4 of the fuel cell engine. According to the brokerage estimate, the unit price of this product is 10,000 yuan.</p><p>Recently, a subsidiary, Shanghai Hydrogen Automotive Electronics Co., Ltd., was established. The new company originates from the Group's Fuel Cell Controller Division and will focus on the development and commercialization of hydrogen fuel cell core electronic control system.</p><p><b>Dongyue</b></p><p>Dongyue Hydrogen Energy has fully mastered the key intermediates, monomer production technology, resin raw material production technology, film formation process technology, equipment technology and quality control technology for fuel cell membrane production, and has obtained dozens of domestic and foreign patents. The first phase of its 1.5 million square meters fuel cell proton exchange membrane production line has been put into production.</p><p>Through cooperation with Mercedes-Benz, Ford, etc., Dongyue Hydrogen Energy has become one of the few companies in the world that provide mass-produced proton exchange membranes for fuel cell vehicles. Judging from the current domestic situation, the production and sales of its proton exchange membrane fuel cells are far ahead of other automotive hydrogen fuel cells.</p><p><b>Dongfang Electric</b></p><p><a href=\"https://laohu8.com/S/01072\">Dongfang Electric</a>Its subsidiary Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co., Ltd. completed capital increase and share expansion in 2020. Participating in the mixed reform of Dongfang Hydrogen Energy include Three Gorges Capital, Zhongtian Bishui, Dongfang Hydrogen Energy Fund, and Dongfang Hydrogen Energy Holding Platform. This move aims to effectively leverage the advantages of each company, integrate multiple resources, focus on solving \"stuck neck\" problems such as core components in the hydrogen energy and fuel cell industries, and realize the coordinated development, transformation and upgrading of the hydrogen energy industry chain and value chain.</p><p>Dongfang Hydrogen Energy is one of the few fuel cell companies in China that can support 100-unit hydrogen buses.</p><p><b>Shanghai Electric</b></p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>Power Station Group is the core industrial sector of Shanghai Electric, specializing in power generation equipment manufacturing, power station engineering construction and power station engineering services. Shanghai Electric has been researching proton exchange membrane fuel cell technology since 2016. After three years of independent research and development accumulation, it has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products.</p><p>In 2019, Shanghai Electric has successfully developed fuel cell engine systems, stacks and membrane electrode technologies and products with completely independent intellectual property rights. Based on this, Shanghai Electric has formed a relatively complete technical reserve and industrial competitiveness in the fuel cell system-stack-membrane electrode industry chain.</p><p><b>Hydrogen fuel cell vehicle</b></p><p>The application of hydrogen energy in the transportation field in my country follows the path of commercial vehicles developing first and passenger cars developing later. According to data from the National Testing and Management Platform for New Energy Vehicles, the number of fuel cell buses, trucks, and logistics vehicles in my country in 2020 will be 2,500, 4,070, and 780 respectively.</p><p>Among them, Zhongtong Bus, SAIC Maxus, Yutong Bus, Yaxing Bus, Foton Bus, Shanghai Sunlong and Foshan Feichi are the main companies that produce hydrogen energy vehicles.</p><p><b>GAC Group</b></p><p>Now<a href=\"https://laohu8.com/S/02238\">GAC Group</a>The pace is relatively fast. The company has released the GAC Aion LX Fuel Cell hydrogen fuel model, which was included in the recommended catalog of the Ministry of Industry and Information Technology this year. It has a top speed of 160KM/h, a cruising range of up to 650km, and hydrogen filling can be completed in 3-5 minutes. The experience of using traditional fuel vehicles is almost the same.</p><p><img src=\"https://static.tigerbbs.com/0651dd9d2fc444ca08e62c76981ecc29\" tg-width=\"640\" tg-height=\"406\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>This model was put into trial operation on the Guangzhou network car platform in October this year. The first batch of 10 vehicles will be put into operation, and 10,000 vehicles will be put into operation in four years.</p><p><b>Great Wall</b></p><p>Great Wall has released products such as a 95kW passenger car fuel cell system engine, a platform fuel cell stack that can be expanded to a maximum of 150kW, and a 70MPa high-pressure hydrogen storage bottle valve and pressure reducing valve. The 95kW passenger car fuel cell system engine has been successfully installed<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The first fuel cell SUV to be launched.</p><p><b>Qingling Motors</b></p><p>Qingling has made good progress in developing hydrogen fuel cell vehicles. On August 13, Qingling held a signing and delivery ceremony for the first batch of customers of hydrogen fuel cell vehicles in Chongqing.</p><p>Qingling Automobile and Bosch of Germany established their first hydrogen fuel cell engine joint venture company outside Chongqing, focusing on the future development direction of automobiles and taking the lead in developing hydrogen fuel cell engines and hydrogen-powered trucks. In addition, the key components required for Qingling's hydrogen-powered vehicles have been produced locally, driving the localization of upstream and downstream industrial chains.</p><p><b>Sinotruk</b></p><p>With the downward cycle of the heavy-duty truck market likely to continue into next year, the management of Sinotruk believes that it can further strengthen its industry leadership position with the launch of new models, overseas expansion and cost saving measures. Coupled with the advanced deployment of infrastructure by the state, the recovery of the heavy-duty truck market is favorable.</p><p>Sinotruk has achieved a complete product layout in the field of new energy heavy trucks. Its products cover pure electric, hybrid, hydrogen fuel cell and other power forms, and the types involve trucks, dump trucks, tractors, special vehicles, mixer trucks and other product segments.</p><p><img src=\"https://static.tigerbbs.com/afd729eb7a31014654764fe5e0c3fb89\" tg-width=\"640\" tg-height=\"456\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">China National Heavy Duty Truck said that the company delivered a self-developed snow truck equipped with fuel cells for the Winter Olympics, and its power is currently the largest in China. The Yellow River heavy-duty tractor independently developed by China National Heavy Duty Truck is equipped with WEF160 hydrogen fuel cell. It is the first 162kw fuel cell heavy-duty truck in China and achieves environmental protection and zero emissions.<b>The fuel cell system of this Huanghe brand fuel cell tractor comes from Weichai Power.</b></p><p><h3><b>epilogue</b></h3>In 2021, Hong Kong stocks will enter a bear market. Hong Kong stocks have fallen for more than 10 months, with a decline of 27%. Entering 2022, the new energy field is still one of the cores of everyone's attention. With the development of green power this year, many power stocks have risen several times, becoming a safe haven in a falling market. With the increasing proportion of green electricity, the energy storage industry and hydrogen energy are the subdivisions to be focused on next year. In addition, taking advantage of the opportunity of the Winter Olympics, local hydrogen energy companies participating in serving the Winter Olympics will promote the development of hydrogen energy. Next year, hydrogen fuel cell buses, trucks, and logistics vehicles will gradually see results. More than 20 provinces and more than 40 prefecture-level cities have previously released hydrogen energy plans. The planned industry scale exceeds one trillion yuan, and many central enterprises and listed companies are also competing. The layout of hydrogen energy development is also worthy of everyone's attention.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/503161\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1d836102367d77a5f1c151524e1b8951","relate_stocks":{"BK1594":"碳中和概念股","03800":"协鑫科技","BK1554":"光伏太阳能股","BK4144":"石油与天然气的储存和运输","BK1169":"半导体设备","LNG":"Cheniere Energy Inc"},"source_url":"http://www.gelonghui.com/p/503161","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2194634480","content_text":"2022年有什么展望，最近会陆续推出不同文章请大家留意。中国两碳环境下，2022年新能源仍是主流，在这个领域各细分版块都有不同的发展阶段。冬奥期间使用氢燃料电池汽车，助力氢能发展，明年氢能或再上新阶段。港股中有什么氢能产业股可留意呢？\n新能源中选择？\n在众多版块中，在碳中和的环境下，新能源依然是最看好的核心资产。新能源汽车、光伏等高景气度赛道，光伏的上游原材料价格逐步缓解，光伏下游需求将进一步释放。现时，风光电发电站配储能项目已经是标配，明年打开储能细分行业的新篇章。\n另一个看好的是氢能行业，今年以来国内氢能发展热度高涨，目前已有20多个省份、40多个地级市发布氢能规划，规划产业规模超过万亿元，并出台氢能及燃料电池产业相关补贴扶持政策。众多央企和上市公司也竞相布局氢能发展。\n\n今年年初，氢能被纳入国家「十四五」规划和2035年远景目标纲要，一系列政策加速落地。近期，五部门联合发布《关于启动燃料电池汽车示范应用工作的通知》，北京市、上海市、广东省所报送的城市群成为首批示范城市，4年示范期内，每个城市群最高可获得17亿元中央财政资金奖补。\n氢能进入实用阶段\n即将到来的2022北京冬奥会，氢能将继续发力。众多中国的氢能品牌，将为北京冬奥助力绿色+科技，也将引领未来人类的生活方式。大规模使用氢能物流车及大型运输车试验。这证明了氢能进入实际应该中的第一步，随着各地使用越来越广，基本设备开始完善，这个行业正处于爆发的初阶段。\n北京冬奥会期间，有氫燃料电池客车600輛客車通过5座加氢站提供加氢，在赛区服务。其中将有212辆「100%国产」氢燃料电池客车。借着冬奥的机遇，参与服务冬奥的本土氢能企业，在技术上攻克了多项难题，也带动了国产氢能相关技术的发展。\n作为新兴产业，氢能还面临标准体系不成熟、产业链和配套设施不完善等问题。氢燃料电池最大的问题不在制氢环节，而在储、运、加环节。现时制氢成本可以控制在每公斤10元左右，但储、运和加氢环节要30元，必须把中间这部分成本降下来。\n细数港股氢能企业\n今年也写过数次氢能发展，多只概念港股逐只数给大家。明年还有那些企业在氢能布局氢能发展呢？有那些新势力入局？\n截止 2020年底，我国燃料电池汽车保有量7352辆。加氢站建设进度逐步加快，截止 2020 年底，加氢站建成 128 座。借助冬奥带动国产氢能企业发展，加上多个城市提出2025年氢能发展计划，明年是氢能应用提速的年份。\n制氢方面：\n中国石化\n中石化是中国最大的一体化能源化工公司之一，中石化「一基两翼三新」产业格局，助力碳达峰、碳中和。前氢气年产能力超390万吨，占全国氢气产量的11%左右。\n中石化规划布局1000座加氢站\n同时，中石化规划布局1000座加氢站或油氢合建站，助力氢能成为中国石化最具竞争力的战略新兴业务。全面推进氢能全产业链建设，已在加氢站、制氢技术、氢燃料电池、储氢材料等多个领域取得突破。\n9月9日，中国石化为冬奥氢能服务全面启动，在北京冬奥崇礼和延庆两大赛区，北京庆园街加氢站、北京王泉营加氢站、北京燕化兴隆油氢合建站、河北崇礼西湾子加氢站，共4座服务冬奥的加氢站正式投营。\n中国石油\n中国石油跟中石化一样，都是中国主要能源化工公司。10月20日，中国石油发布《冬奥保障计划》。按照计划，中国石油将从油、气、氢、餐、宿等五个方面为冬奥提供立体保障。\n在氢能方面，中国石油预计将为816辆氢燃料电池车提供服务，预计供应氢能155吨，可供这些车辆行驶里程累计达232万公里。\n旭阳\n旭阳以焦炉煤气制氢，去年全力发展氢能产业，旭阳集团作为入选第一批《河北省2020年氢能产业重点项目清单》的企业，具备了生产纯度99.999%高纯氢的能力，与定州市人民政府携手共建氢能应用示范城市。\n旭阳的多个氢能项目在正推行中，拟在定州建设一座油气氢三位一体加氢站，预计2022年1月建成。计划在未来5年内，在呼和浩特周边建设10座加氢站。同时还将积极探索清水河县到北京氢气管道规划建设，铺设投用后作为呼和浩特、张家口、北京等沿线城市一个重要的氢气供应保障管道。\n金马能源\n金马能源是主要从事于，生产焦炭及生产苯、煤焦油及荒煤气等焦化副产品。业务已覆盖高纯度氢气之生产、输送、储存等环节，年产能逾3亿立方米(约2.7万吨)。\n早前，与上海氢枫订立合资协议，订约方已同意于中国河南省成立一家合资公司。上海氢枫参与12所加氢站的建设与运营。\n新天绿能\n新天绿能去年年报披露，该公司联合河北科技大学等单位共同申报的「大规模可再生能源耦合制氢关键技术及应用示范」项目，即以风电转化为氢能的项目。\n以风电制氢，现正拥有10MW的电解水制氢系统。\n协鑫新能源\n协鑫新能源在7月底正式对外发布了上市公司氢能战略。该战略由蓝氢和绿氢两部分构成。其中，蓝氢首期目标是建成年産230万吨合成氨，逐步扩能至每年400万吨生産规模，可供应国内70万吨蓝氢。绿氢目标是计划到2025年建设100座综合能源站，达到40万吨年産能。\n12月19日，协鑫新能源与保利协鑫(03800.HK)联合发布公告称，签署天然气长期采购框架协议，这标志着协鑫新能源未来将获得5万亿立方米的稳定气源，为公司氢能产业发展提供坚实的保障。\n储运氢方面\n中集安瑞科\n中集安瑞科背靠中集集团，有着自身的产业链优势。中集安瑞科近年于氢能行业大力布局，去年5月与挪威上市公司Hexagon签署了战略合作，共同拓展中国氢气储运装备市场。\n\n战略合作涉及三型和四型储氢瓶的生产和储运解决方案，以及供氢系统的生产。公司与鞍钢能源科技公司启动焦炉气制液化天然气(LNG)联产氢气项目，进入制氢环节，具有资源潜力大、成本低等特点。\n京城机电\n去年3月募集5200万进行Ⅳ型储氢瓶生产线的建设，并于今年5月17日推出了完全自主知识产权的Ⅳ型瓶。目前Ⅳ型瓶还没有量产，Ⅲ型全缠绕型瓶已运营，技术整体相对成熟。\n京城机电主营业务为气体储运装备制造业，不涉及氢能源电池行业，且公司储氢瓶等相关产品的销售收入相比公司其他主营产品占比较小。京城机电暴涨一段，现时正在回调中，介入要小心。\n燃料电池技术领域\n潍柴动力\n潍柴动力以4,800万英镑收购英国锡里斯（Ceres Power）20%的股份，与其在固态氧化物燃料电池（SOFC技术）领域展开全面合作，首期合作将联合开发款燃料电池用于电动客车增程系统。\n多间重卡及公交车使用其氢燃料电池系统\n得益于自身在重卡领域的优势，在氢能产业的市场化相对行业企业较早。潍柴动力的氢燃料电池、反应堆相关产品主要配套于中通客车、亚星客车及宇通客车、中国重汽等客户。其中陕重汽为公司的控股子公司，是氢燃气整车也是其战略业务之一。\n英恒科技\n英恒科技具有强大的研发能力，也是氢燃料电池汽车开发的先行者。该公司的解决方案包括燃料电池控制和高速空气压缩机控制器。\n英恒设计了一种高速空压机控制器，该控制器可实现 100,000 rpm 以上的转速控制，该产品亦被中国最大的氢燃料电池汽车制造商所接受。空压机是为燃料电池内部进行的电化学反应提供所需的氧气，是关铤部件之一，成本占燃料电池发动机的1/4，据券商估计这产品单价1万元。\n近期还成立了子公司上海氢恒汽车电子有限公司。新公司源自集团燃料电池控制器事业部,将专注于氢燃料电池核心电控系统的开发以及商业化。\n东岳\n东岳氢能已完全掌握燃料电池膜生产用关键中间体、单体生产技术、树脂原料生产技术、成膜过程技术、装备技术以及质量控制技术，且已取得数十项国内外专利。其150万平方米燃料电池质子交换膜生产线一期已经投产。\n东岳氢能通过与奔驰、福特等合作，成为全球极少数为燃料电池汽车提供量产质子交换膜的企业之一。从目前国内情况看，其质子交换膜燃料电池的产销量遥遥领先于其他车用氢燃料电池。\n东方电气\n东方电气旗下子公司东方电气（成都）氢燃料电池科技有限公司在2020年完成增资扩股，参与东方氢能混改的有三峡资本、中天碧水、东方氢能基金、东方氢能持股平台。此举旨在有效发挥各家优势，整合多方资源，着力解决氢能及燃料电池产业环节核心零部件等“卡脖子”问题，实现氢能产业链、价值链协同发展和转型升级。\n东方氢能是国内少数能够配套100台级氢能客车的燃料电池企业之一。\n上海电气\n上海电气电站集团是上海电气核心产业板块，专业从事发电设备制造、电站工程建设和电站工程服务等。上海电气自2016年开始研究质子交换膜燃料电池技术，经过三年的自主研发积累，成功开发出燃料电池发动机系统、电堆及膜电极技术和产品。\n2019年，上海电气已成功开发出具有完全自主知识产权的燃料电池发动机系统、电堆及膜电极技术和产品。基于此，上海电气在燃料电池系统-电堆-膜电极产业链上，已形成较完整的技术储备和产业化竞争力。\n氢燃料电池汽车\n我国氢能源在交通领域的应用遵循商用车先发展，乘用车后发展的路径。根据新能源汽车国家检测与管理平台的数据显示，2020年我国燃料电池客车、货车、物流车保有量分别为 2500辆、4070辆、780辆。\n其中中通客车、上汽大通、宇通客车、亚星客车、福田客车、上海申龙以及佛山飞驰为主力生产氢能整车的企业。\n广汽集团\n现以广汽集团步伐比较快，公司已经发布了广汽埃安Aion LX Fuel Cell氢燃料车型，并于今年纳入工信部推荐目录，最高时速160KM/h，续航里程高达650km，且3-5分钟就可完成氢气加注工作，与传统的燃油车使用体验几乎无异。\n\n该款车型于今年十月在广州网约车平台试运行，首批投放为10辆，四年将会投放10000辆。\n长城\n长城发布了95kW乘用车燃料电池系统发动机、最大可拓展至150kW的平台化燃料电池堆及70MPa高压储氢瓶阀及减压阀等产品。95kW乘用车燃料电池系统发动机目前已成功搭载长城汽车即将推出的首款燃料电池SUV。\n庆铃汽车\n庆铃发展氢燃料电池车有良好进展，在8月13日，庆铃在重庆举行氢燃料电池车首批客户签约及交车仪式。\n庆铃汽车与德国博世在重庆成立其本土以外的首个氢燃料电池发动机合资公司，聚焦汽车未来发展方向，率先布局发展氢燃料电池发动机和氢动力卡车。此外，庆铃氢动力车辆所需关键零部件已经实现现地化生产，带动上下游产业链本土化。\n中国重汽\n重型卡车市场的下行周期可能持续到明年，中国重汽管理层相信在推出新型号、海外扩张及节省成本措施下，可进一步巩固其行业领导地位。加上国家提出超前布署基建，有利重卡市场复甦。\n中国重汽在新能源重卡领域已实现完善的产品布局，产品覆盖纯电、混合动力、氢燃料电池等动力形式，类型涉及载货车、自卸车、牵引车、专用车、搅拌车等多个产品细分领域。\n中国重汽称，公司为冬奥会交付了自主研发的搭载燃料电池的雪拉车，它的功率也是目前国内最大的。中国重汽自主研发的黄河重型牵引车，搭载WEF160氢燃料电池，是国内首台162kw燃料电池重卡，实现了环保零排放。这款黄河牌燃料电池牵引车的燃料电池系统来自潍柴动力。\n结语\n2021年港股进入熊市，港股下跌了10个多月，下跌幅度也达27%。进入2022年，新能源领域仍是大家关注的核心之一。今年的绿电发力，多只电力股上涨数倍，成为跌市中的避风港。随着绿电的占比越来越大，储能行业及氢能是明年重点关注的细分版块。另外，借着冬奥的机遇，参与服务冬奥的本土氢能企业，促进氢能发展。明年氢能燃料电池客车、货车、物流车上渐见成果，前已有20多个省份、40多个地级市发布氢能规划，规划产业规模超过万亿元，众多央企和上市公司也竞相布局氢能发展也值得大家留意。","news_type":1,"symbols_score_info":{"03800":0.9,"LNG":0.9}},"isVote":1,"tweetType":1,"viewCount":2957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009001981,"gmtCreate":1640336955872,"gmtModify":1676533517178,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009001981","repostId":"1125940737","repostType":4,"repost":{"id":"1125940737","kind":"news","pubTimestamp":1640334304,"share":"https://ttm.financial/m/news/1125940737?lang=en_US&edition=fundamental","pubTime":"2021-12-24 16:25","market":"us","language":"zh","title":"Tesla's German Gigafactory is expected to achieve mass production in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1125940737","media":"智通财经网","summary":"眼下，特斯拉只需扫清最后的障碍。","content":"<p>Right now,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>As long as the final hurdle is cleared, its Berlin Gigafactory in Germany is expected to achieve mass production in 2022.</p><p>The final hurdle facing Tesla's German Gigafactory comes from local environmental groups. It is reported that the person in charge of the local environmental protection organization said that the Eggersdorf waterworks water plant where the Tesla Gigafactory is located pumps nearly 4 million cubic meters of water from the ground every year. However, the Tesla factory will occupy most of the consumption, which will inevitably affect the surrounding areas. The use of domestic water for residents and other industrial water.</p><p>Local environmental groups accused the state government of approving the plan of Eggersdorf waterworks water plant to increase the pumping rate without relevant tests, forcing the local government to hold relevant hearings to deal with the issue. The hearing originally planned to be held earlier this month was postponed to the end of December for no reason, causing the hope of Tesla's Gigafactory to achieve mass production in 2021 to be dashed again.</p><p>For Tesla, the ability of the German Gigafactory to achieve full operation is a key component of the company's future. \"The German Gigafactory is key to Tesla's plans to expand production capacity in 2022 and beyond,\" said Dan Ives, managing director of Wedbush. \"For the factory, the key is to start producing cars in early January next year.\" There's so much red tape that they didn't expect to spend three months talking about how to cut down trees. \"</p><p><b>Struggling</b></p><p>Although construction is progressing rapidly, Tesla's German Gigafactory project has had a bumpy road since its launch. In addition to facing challenges from local environmental organizations, the lengthy government administrative licensing process has made Tesla complain. In addition, Tesla's recent decision to expand the factory scope and build a battery-grade lithium factory nearby has also attracted some criticism.</p><p>In terms of environmental protection, Tesla faces many problems from initial drinking water pollution to felling trees and noise, to affecting ants moving in the soil and hibernating bats and snakes in the forest. At present, the problem of groundwater has become an urgent need. At the same time, local environmental organizations are still making unremitting efforts to protest against the impact of the factory on the living environment of surrounding residents, so as to require automakers to comply with strict local environmental requirements. They reprimand Tesla for being contrary to Germany's business culture.</p><p>German media said that environmental issues will once again force Tesla's German factory to postpone mass production until early 2022. At present, Tesla needs to prepare more written materials for the hearing to deal with related complaints.</p><p>However, as a benefit to the local economy and employment, the Tesla Gigafactory still received a lot of support. The project is expected to create up to 40,000 jobs in the coming years, and the mayor of the town of Gruenheide, where the plant is located, described it as a \"once-in-a-lifetime opportunity\" to stimulate the local economy.</p><p>As an investor in Tesla, Ross Gerber, CEO of asset management firm Gerber Kawasaki, said he was not too worried about the obstacles facing Tesla. \"From the perspective that we know that the plant will start soon, this is not a big problem.\" \"We are very bullish on the European market, where there is a lot of demand for Tesla.\"</p><p><b>European Market</b></p><p>Gartner automotive industry analyst Pedro Pacheco said that although the impact of Tesla's German Gigafactory will be asymptotic, it will be significant. \"I think the most immediate difference is capacity. From a manufacturing perspective, Tesla will have more available capacity and shorter delivery times to its European customers.\"</p><p>He also added that if Tesla develops new models designed for the European market, the German Gigafactory will have a \"crucial\" role. \"Germany is one of the leading automotive powerhouses in the world, and it is also a major automotive powerhouse in Europe. So if you want to take advantage of European talent, you have to come to Germany.\"</p><p>Another looming problem that Tesla may need to face is the ongoing disruption of global supply chains and chip shortages, which have hit the entire auto industry hard. Ross Gerber said he believes Tesla has weathered the chip shortage crisis relatively well, but the auto industry will still be affected at least in the first quarter of 2022.</p><p>\"I still think that in the first quarter of next year, the chip shortage will be a challenge. But I also think that this problem will be alleviated in the next 12 months. By some time next year, it will all be solved.\"</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>Tesla's German Gigafactory is expected to achieve mass production in 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's German Gigafactory is expected to achieve mass production in 2022\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-12-24 16:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Right now,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>As long as the final hurdle is cleared, its Berlin Gigafactory in Germany is expected to achieve mass production in 2022.</p><p>The final hurdle facing Tesla's German Gigafactory comes from local environmental groups. It is reported that the person in charge of the local environmental protection organization said that the Eggersdorf waterworks water plant where the Tesla Gigafactory is located pumps nearly 4 million cubic meters of water from the ground every year. However, the Tesla factory will occupy most of the consumption, which will inevitably affect the surrounding areas. The use of domestic water for residents and other industrial water.</p><p>Local environmental groups accused the state government of approving the plan of Eggersdorf waterworks water plant to increase the pumping rate without relevant tests, forcing the local government to hold relevant hearings to deal with the issue. The hearing originally planned to be held earlier this month was postponed to the end of December for no reason, causing the hope of Tesla's Gigafactory to achieve mass production in 2021 to be dashed again.</p><p>For Tesla, the ability of the German Gigafactory to achieve full operation is a key component of the company's future. \"The German Gigafactory is key to Tesla's plans to expand production capacity in 2022 and beyond,\" said Dan Ives, managing director of Wedbush. \"For the factory, the key is to start producing cars in early January next year.\" There's so much red tape that they didn't expect to spend three months talking about how to cut down trees. \"</p><p><b>Struggling</b></p><p>Although construction is progressing rapidly, Tesla's German Gigafactory project has had a bumpy road since its launch. In addition to facing challenges from local environmental organizations, the lengthy government administrative licensing process has made Tesla complain. In addition, Tesla's recent decision to expand the factory scope and build a battery-grade lithium factory nearby has also attracted some criticism.</p><p>In terms of environmental protection, Tesla faces many problems from initial drinking water pollution to felling trees and noise, to affecting ants moving in the soil and hibernating bats and snakes in the forest. At present, the problem of groundwater has become an urgent need. At the same time, local environmental organizations are still making unremitting efforts to protest against the impact of the factory on the living environment of surrounding residents, so as to require automakers to comply with strict local environmental requirements. They reprimand Tesla for being contrary to Germany's business culture.</p><p>German media said that environmental issues will once again force Tesla's German factory to postpone mass production until early 2022. At present, Tesla needs to prepare more written materials for the hearing to deal with related complaints.</p><p>However, as a benefit to the local economy and employment, the Tesla Gigafactory still received a lot of support. The project is expected to create up to 40,000 jobs in the coming years, and the mayor of the town of Gruenheide, where the plant is located, described it as a \"once-in-a-lifetime opportunity\" to stimulate the local economy.</p><p>As an investor in Tesla, Ross Gerber, CEO of asset management firm Gerber Kawasaki, said he was not too worried about the obstacles facing Tesla. \"From the perspective that we know that the plant will start soon, this is not a big problem.\" \"We are very bullish on the European market, where there is a lot of demand for Tesla.\"</p><p><b>European Market</b></p><p>Gartner automotive industry analyst Pedro Pacheco said that although the impact of Tesla's German Gigafactory will be asymptotic, it will be significant. \"I think the most immediate difference is capacity. From a manufacturing perspective, Tesla will have more available capacity and shorter delivery times to its European customers.\"</p><p>He also added that if Tesla develops new models designed for the European market, the German Gigafactory will have a \"crucial\" role. \"Germany is one of the leading automotive powerhouses in the world, and it is also a major automotive powerhouse in Europe. So if you want to take advantage of European talent, you have to come to Germany.\"</p><p>Another looming problem that Tesla may need to face is the ongoing disruption of global supply chains and chip shortages, which have hit the entire auto industry hard. Ross Gerber said he believes Tesla has weathered the chip shortage crisis relatively well, but the auto industry will still be affected at least in the first quarter of 2022.</p><p>\"I still think that in the first quarter of next year, the chip shortage will be a challenge. But I also think that this problem will be alleviated in the next 12 months. By some time next year, it will all be solved.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/628590.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f76b3cc53dd60ecb6eab407da188d689","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zhitongcaijing.com/content/detail/628590.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1125940737","content_text":"眼下，特斯拉只需扫清最后的障碍，其德国柏林超级工厂就有望在2022年实现量产。\n特斯拉德国超级工厂面临的最后一道障碍来自当地环保组织。据悉，当地环保组织负责人表示，特斯拉超级工厂所在地的Eggersdorf waterworks水厂每年从地下抽取将近400万立方的水，然而特斯拉工厂将占有大部分的用量，将势必影响到周边相关的居民的生活用水以及其余工业用水的使用。\n当地环保组织控诉州政府在未经过相关测试就批复了Eggersdorf waterworks水厂提高抽水率的计划，迫使当地政府不得不召开相关听证会处理该问题。而原本计划在本月早些时候召开的听证会被无故延期至12月底，导致特斯拉超级工厂在2021年实现量产的希望再度破灭。\n对于特斯拉而言，德国超级工厂能够实现全面运营是该公司未来的关键组成部分。Wedbush董事总经理Dan Ives表示：“德国超级工厂是特斯拉2022年及以后扩大产能计划的关键。对于该工厂来说，关键是要在明年1月初开始生产汽车。”“繁文缛节太多了，他们没有想到要花三个月的时间来讨论如何砍伐树木。”\n举步维艰\n尽管建设进展迅速，但特斯拉德国超级工厂项目自启动以来便一路坎坷。除了需要面对当地环保组织的挑战以外，冗长的政府行政许可流程已经使得特斯拉满腹牢骚。此外，特斯拉近期扩大工厂范围、并将在其附近建设一个电池级锂工厂的决定也招致了一些批评。\n在环保方面，特斯拉面对着从最初的饮用水污染到砍伐树木、噪音，再到影响土壤中的蚂蚁搬家、森林中的蝙蝠和蛇冬眠等众多问题。目前看地下水问题已经成为了燃眉之急，同时当地环保组织仍在不懈努力地抗议该工厂对于周边居民生活环境的影响以此要求汽车制造商遵循当地严苛的环保要求，他们斥责特斯拉与德国的商业文化相悖。\n德国媒体称环保问题将再度迫使特斯拉德国工厂量产延期至2022年年初，目前特斯拉需要为该听证会准备更多的书面材料以便应对相关的控诉。\n不过，作为对当地经济和就业的一个利好，特斯拉超级工厂还是得到了很多支持。该项目预计未来几年将创造多达4万个就业岗位，工厂所在地格伦海德(Gruenheide)镇长称这是刺激当地经济“千载难逢的机会”。\n作为特斯拉的投资者，资管公司Gerber Kawasaki的首席执行官Ross Gerber表示，他不太担心特斯拉所面临的障碍。“从我们知道该工厂很快就会开工的角度来看，这不是一个大问题。”“我们非常看好欧洲市场，对特斯拉的需求量很大。”\n欧洲市场\nGartner汽车行业分析师Pedro Pacheco表示，虽然特斯拉德国超级工厂的影响将是渐近的，但意义重大。“我认为最直接的区别在于产能。从制造的角度来看，特斯拉将拥有更多可用产能，对其欧洲客户的交付期将缩短。”\n他还补充称，如果特斯拉在开发针对欧洲市场设计的新车型时，德国超级工厂将有着“至关重要”的作用。“德国是世界上最主要的汽车强国之一，同时也是欧洲的主要汽车强国。因此，如果你想利用欧洲的人才，你就必须来到德国。”\n特斯拉可能需要面对的另一个迫在眉睫的问题，是全球供应链持续中断和芯片短缺，这对整个汽车行业造成了沉重打击。Ross Gerber表示，他认为特斯拉已经相对较好地度过了芯片短缺危机，但至少在2022年第一季度，汽车行业仍将受影响。\n“我仍然认为明年第一季度，芯片短缺将是一项挑战。但我也认为，这个问题将在未来12个月得到缓解。到明年的某个时候，这一切都会迎刃而解。”","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000942995,"gmtCreate":1639775518780,"gmtModify":1676533494246,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"🔥","listText":"🔥","text":"🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000942995","repostId":"1174524006","repostType":4,"repost":{"id":"1174524006","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":1639755925,"share":"https://ttm.financial/m/news/1174524006?lang=en_US&edition=fundamental","pubTime":"2021-12-17 23:45","market":"us","language":"zh","title":"[Change] WSB concept stocks rose, AMC theaters rose more than 17%","url":"https://stock-news.laohu8.com/highlight/detail?id=1174524006","media":"老虎资讯综合","summary":"12月17日，WSB概念股逆势上涨，AMC院线涨超17%，BioCryst制药涨超8%，游戏驿站涨超7%，高斯电子、黑莓涨超3%。","content":"<p>On December 17, WSB concept stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/AMC.US\">AMC Cinemas</a>Rose more than 17%,<a href=\"https://laohu8.com/S/BCRX.US\">BioCryst Pharmaceutical</a>Rose more than 8%,<a href=\"https://laohu8.com/S/GME.US\">GameStop</a>Rose more than 7%,<a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>, BlackBerry rose more than 3%.<img src=\"https://static.tigerbbs.com/e6b6a0ac792932c2b86db45be630200c\" 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>[Change] WSB concept stocks rose, AMC theaters rose more than 17%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] WSB concept stocks rose, AMC theaters rose more than 17%\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\">2021-12-17 23:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 17, WSB concept stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/AMC.US\">AMC Cinemas</a>Rose more than 17%,<a href=\"https://laohu8.com/S/BCRX.US\">BioCryst Pharmaceutical</a>Rose more than 8%,<a href=\"https://laohu8.com/S/GME.US\">GameStop</a>Rose more than 7%,<a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>, BlackBerry rose more than 3%.<img src=\"https://static.tigerbbs.com/e6b6a0ac792932c2b86db45be630200c\" 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/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"BK4108":"电影和娱乐","BK4547":"WSB热门概念","AMC":"AMC院线"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174524006","content_text":"12月17日，WSB概念股逆势上涨，AMC院线涨超17%，BioCryst制药涨超8%，游戏驿站涨超7%，高斯电子、黑莓涨超3%。","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863693163,"gmtCreate":1632382082952,"gmtModify":1676530768536,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863693163","repostId":"1141141061","repostType":4,"repost":{"id":"1141141061","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":1632381324,"share":"https://ttm.financial/m/news/1141141061?lang=en_US&edition=fundamental","pubTime":"2021-09-23 15:15","market":"us","language":"zh","title":"XPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units","url":"https://stock-news.laohu8.com/highlight/detail?id=1141141061","media":"老虎资讯综合","summary":"小鹏汽车：小鹏P7累计交付达到5万台。2020年7月—2021年9月，仅历时15个月，小鹏P7完成了从0到50000台的交付里程碑，感谢五万鹏友的选择和信任，与我们一起共同创造了最快的交付记录！","content":"<p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>: The cumulative delivery of XPeng P7 reached 50,000 units. From July 2020 to September 2021, in just 15 months, XPeng P7 completed the delivery milestone from 0 to 50,000 units. Thanks to 50,000 Pengyou for their choice and trust, they created the fastest delivery record with us!</p><p><img src=\"https://static.tigerbbs.com/0ae8702193724e6fc8fa8de43b74ee2d\" 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>XPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units</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\">\nXPeng vehicles: XPeng P7 cumulative delivery volume reaches 50,000 units\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\">2021-09-23 15:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>: The cumulative delivery of XPeng P7 reached 50,000 units. From July 2020 to September 2021, in just 15 months, XPeng P7 completed the delivery milestone from 0 to 50,000 units. Thanks to 50,000 Pengyou for their choice and trust, they created the fastest delivery record with us!</p><p><img src=\"https://static.tigerbbs.com/0ae8702193724e6fc8fa8de43b74ee2d\" 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/401f7adefb705cb1d679bb39b97c03e1","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141141061","content_text":"小鹏汽车：小鹏P7累计交付达到5万台。2020年7月—2021年9月，仅历时15个月，小鹏P7完成了从0到50000台的交付里程碑，感谢五万鹏友的选择和信任，与我们一起共同创造了最快的交付记录！","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884504141,"gmtCreate":1631912957983,"gmtModify":1676530666667,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884504141","repostId":"1175503908","repostType":4,"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179823393,"gmtCreate":1626505474312,"gmtModify":1703761271132,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"?????","listText":"?????","text":"?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179823393","repostId":"1185087957","repostType":4,"repost":{"id":"1185087957","kind":"news","weMediaInfo":{"introduction":"数据宝——中国股市大数据新媒体领先品牌，让您用手机也能从海量数据中获得有用的决策信息支持，数据是个宝，炒股不烦恼！","home_visible":1,"media_name":"数据宝","id":"41","head_image":"https://static.tigerbbs.com/462b2cc98f70412d82b85c0c4f356ccc"},"pubTimestamp":1626496845,"share":"https://ttm.financial/m/news/1185087957?lang=en_US&edition=fundamental","pubTime":"2021-07-17 12:40","market":"us","language":"zh","title":"One of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185087957","media":"数据宝","summary":"美国三大股指再创新高的新闻再次刷屏。\n\n纵观历史，美国股市自2009年以来基本处于连续上涨的态势，纳斯达克指数累计涨幅超8倍，位列全球第一，三大股指领跑全球，是谁在推动股市上涨，美国股市持续走牛的内在","content":"<p>The news that the three major U.S. stock indexes hit new highs has once again swept the screen. Throughout history, the U.S. stock market has basically been in a continuous upward trend since 2009. The Nasdaq index has increased by more than 8 times, ranking first in the world. The three major stock indexes lead the world. Who is driving the stock market up?<b>What are the internal factors behind the continued bullish trend of the U.S. stock market?</b></p><p><b>The three major U.S. stock indexes in the past 13 years</b></p><p><b>The cumulative increase ranks among the top three in the world</b></p><p>After the financial crisis in 2008, the global stock market started a 13-year volatile rise. From the beginning of 2009 to July 9, 2021, the cumulative increase of 17 important indexes around the world has all exceeded 60% (Note: Due to different inflation rates in various countries, the article compares the stock indexes of various countries after conversion in US dollars), among which<b>The three major U.S. stock indexes all rose by more than 2.9 times, ranking among the top three in the world, and the Nasdaq index dominated the world with an increase of 8.32 times.</b></p><p>China's CSI 300 Index has increased by nearly 1.8 times since 2009, and the CSI 300 Index converted according to the central parity rate of the US dollar against the RMB has increased by more than 1.9 times during the same period. Sharp-eyed investors may have noticed that the cumulative increase of India's SENSEX30 index has reached 443%, far exceeding the A-share index. However, India's inflation is extremely serious (the cumulative inflation rate has reached 60% since 2012). After conversion in US dollars, the cumulative increase and decrease in the range has dropped to 1.1 times. The performance of the A-share index is not inferior to that of India as the market says.</p><p>From the perspective of annualized rate of return,<b>The annualized return of the Nasdaq exceeds 20%, and the annualized return of the Dow and S&P 500 exceeds 13%.</b>, the return on investment is quite high. According to a research report, stocks have been one of the best performing assets in the past 100 years, and the other asset is real estate.</p><p><img src=\"https://static.tigerbbs.com/1d5ead3651dca9e64e6e49461789f700\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p><p><b>18 stocks have been in the Dow for more than 13 years</b></p><p><b>The cumulative increase averages more than 550%</b></p><p>As one of the market indexes with a history of more than 120 years, the Dow Jones Industrial Average (Note: hereinafter referred to as \"Dow\", due to the limitation of data extraction, the Dow is mainly analyzed in this paper) is not only a barometer of the American economy, but also a weather vane of the world stock market. Its rise and fall and the changes of 30 constituent stocks affect the global capital market, and these 30 constituent stocks are basically the leaders of the American economy and industry.</p><p>Since 2009, the Dow has adjusted positions 8 times; After the outbreak of the COVID-19 pandemic, the new economy shined brilliantly. In 2020 and 2021, the Dow adjusted three constituent stocks, with large changes. Judging from the latest list,<b>The total market value of the 30 stocks is US $10.9 trillion, accounting for nearly 17% of the total market value of the US stock market.</b>Among them, 18 stocks have been in the Dow for more than 13 years, and 3 stocks have been in the Dow for more than 30 years, namely<b><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>、<a href=\"https://laohu8.com/S/DIS\">Disney</a></b>(b)<b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b>。</p><p>The constituent stocks that can be favored by the Dow Jones Industrial Average have performed well in the market. Databao statistics show that among the latest constituent stocks, the above 18 constituent stocks have an average increase of 577.32% since 2009, and the average annualized rate of return exceeds 18%.<b><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, Microsoft Corporation</b>(b)<b><a href=\"https://laohu8.com/S/AXP\">American Express</a></b>The cumulative increase in the range exceeds 10 times. During the same period, other U.S. stocks (listed before 2009) rose by only 275%, less than half of the increase of Dow constituent stocks.</p><p>June 8, 2009,<b><a href=\"https://laohu8.com/S/CSCO\">Cisco</a></b>(b)<b>Traveller</b>The newly included Dow Jones Industrial Average has increased by an average of 3.2 times since its inclusion, and the average annualized rate of return is close to 16%. The rest of the U.S. stocks have only increased by 2.4 times during the same period; Newly included on June 26, 2018<b><a href=\"https://laohu8.com/S/GE\">General Electric</a></b>, the company's stock price fell after inclusion, which is rare among Dow constituent stocks.</p><p><img src=\"https://static.tigerbbs.com/0fb7afaaec3f68357c406050caee37f8\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>The constituent stocks that were eliminated were forced out due to changes in economic form, and the market performance was unsatisfactory. Statistics show that before and after the elimination, the rise and fall of this type of stock mostly underperformed the Dow in the same period. In the first 10 days, the Dow rose by an average of 2.26%, and the excluded stocks fell by an average of 1.87% in the same period; On the 10 days after the exclusion, the excluded stocks fell by an average of 3%, and the Dow fell by an average of 1.84% over the same period.</p><p><img src=\"https://static.tigerbbs.com/e2b4e261cab6b7365a550226d250d4fd\" tg-width=\"1080\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p><b>Dow significantly raises weight of new economy companies</b></p><p>What is the Dow industry allocation? According to the compilation method of the Dow Jones Industrial Average, weighted by stock prices, after calculating the weights of each industry, it is found that,<b>The weight of new economic types of enterprises has been raised, and the weight of traditional types of enterprises has been greatly lowered</b>。 From the beginning of 2009 to the latest position adjustment in 2021, the weight increase includes<b>Healthcare, Information Technology, Finance, Optional Consumption</b>(b)<b>Material</b>In other five industries, the total latest weights of the five industries raised reached 73.16%, an increase of nearly 32 percentage points from the beginning of 2009.</p><p>among<b>Information Technology</b>The industry weight has been raised from 14.07% in early 2009 to the current 21.86%.<b>Healthcare</b>The industry weight has been raised from 9.82% in early 2009 to the current 17.09%;<b>Daily consumption</b>The industry weight has been lowered from 17.29% in early 2009 to the current 7.16%. The energy industry's<b><a href=\"https://laohu8.com/S/CVX\">Chevron</a></b>(b)<b><a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a></b>The total weight of the Group has dropped from 14% in early 2009 to 1.96% currently.</p><p><img src=\"https://static.tigerbbs.com/682ce19c2229475ddf03c493dd8befd3\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p><b>Four major factors driving U.S. stock indexes up revealed</b></p><p>There is not much mystery in the compilation of the Dow Jones Industrial Average, just because its selection of constituent stocks is very strict, which makes the U.S. stock index a \"reference\" for global stock markets. Looking around the world, the U.S. stock index is one of the few indexes that can maintain a continuous rise, and it still outperforms other indexes in the falling market. After the COVID-19 pandemic broke out, the trend of the three major U.S. stock indexes remained strong, hitting record highs in a row.<b>What exactly is driving the stock market up?</b></p><p><b>1. Changes in Dow divisors trigger butterfly effect</b></p><p>From the perspective of the Dow compilation itself, the Dow point is equal to the sum of constituent stock prices divided by the Dow divisor. The Dow divisor is used to determine the influence of any of the 30 constituent stocks of the Dow. When the Dow adjusts positions or the constituent stocks are split or merged, the Dow divisor will change. From the calculation formula itself, the Dow divisor has a significant butterfly effect. When the Dow divisor decreases, the Dow point rises accordingly.</p><p>According to data released by the Wall Street Journal, the number of decreases in the divisor of the Dow has not been many. On August 13, 2012, the divisor of the Dow fell to 0.129147, the lowest level since 2009; The Dow divisor was 0.147 in April 2019 and rose to 0.152 in August 2020. After the latest position adjustment, the divisor of the Dow Jones Industrial Average dropped to 0.138197, that is, for every $1 increase in the price of constituent stocks, the index will increase by 7.24 points.</p><p><b>2. New economies such as financial technology boosted the Dow's rise</b></p><p>In order to ensure the stability of the index, the Dow pays great attention to the consideration of industry allocation. According to the compilation method of Dow Jones Industrial Average, the weight of each industry is calculated according to the stock price;<b>The weights of new economic enterprises such as finance and technology with better market performance have been raised, while the weights of traditional enterprises have been significantly reduced.</b></p><p>In fact, the Shanghai and Shenzhen 300 Index also raised the weights of the technology and financial sectors during the same period, which was quite effective in promoting the index to rise. Comparing the trends of the Dow Jones Industrial Average and the CSI 300 Index, it is found that the gap between the two has widened since February 2016. According to the time point of the Dow's position adjustment, it is divided into February 1, 2016 to June 25, 2018 (interval 1), June 26, 2018 to April 1, 2019 (interval 2), April 2, 2019 to August 30, 2020 (interval 3), August 31, 2020 to July 7, 2021 (interval 4), a total of 4 intervals.</p><p>The CSI 300 only underperformed the Dow in Range 1 and Range 4. In interval 1, the electricity of the Dow<b>Credit services, industry, finance</b>(b)<b>Information Technology</b>Significantly outperformed the CSI 300 Index and the same industry index, the CSI 300 Index's<b>Daily consumption</b>And medical<b>Healthcare</b>Industry outperformed significantly; Range 4, CSI 300 Index<b>Telecommunications services, finance</b>(b)<b>Information Technology</b>Significantly underperformed the Dow industry.</p><p><img src=\"https://static.tigerbbs.com/37b546f254ce874032220177b12e1c09\" tg-width=\"1020\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><b>3. Low valuation, low volatility, and high return support the steady rise of the index</b></p><p>If the above two points are indirect factors affecting the rise and fall of the Dow,<b>The price changes of the constituent stocks of the Dow Jones Industrial Average can be considered as the direct cause of the index</b>, the 18 stocks that have been in the Dow Jones Industrial Average for more than 13 years have risen far more than the Dow Jones Industrial Average, with a total weight of over 60%.</p><p>Among them, the latest weight of 7 shares has increased compared with the beginning of 2009, from 20.5% to the current 32.32%. The largest stock price increase<b>Home Depot</b>The weight increased to 6.7%, an increase of more than 4 percentage points from the beginning of 2009, the second largest increase<b>Microsoft Corporation</b>The latest weight is close to 6%. From 2009 to now, the annualized rate of return of these seven companies has all exceeded 20%, which has become the core driving force for the Dow's rise.</p><p><img src=\"https://static.tigerbbs.com/5ef00051c7b8c3aa15696359e36cd800\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>CSI 300,<b>Telecommunications services</b>Constituent stocks have been dragging down the index trend. Judging from the performance of telecommunications service stocks in the range 4 and CSI 300,<b><a href=\"https://laohu8.com/S/600050\">China Unicom</a>、<a href=\"https://laohu8.com/S/601698\">China Satcom</a></b>From August 31, 2020 to July 7, 2021, they fell by 18.44% and 34.43% respectively. The decline in performance may be the main reason for the decline in stock prices.</p><p>In contrast, the performance growth of Dow constituent stocks is relatively stable. Comparing the latest fundamentals of the two index constituent stocks, the median valuation and median annualized volatility of the Dow constituent stocks (since 2009) are lower than those of the CSI 300 constituent stocks, and the return on investment (return on net assets) is twice that of the CSI 300 constituent stocks. The constituent stocks with low valuation, low volatility and high return support the steady rise of the index, so the annualized rate of return of the Dow far exceeds that of the CSI 300.</p><p><img src=\"https://static.tigerbbs.com/e17f21acfd2c5a7514d4a4dc0eee8563\" tg-width=\"1080\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><b>4. Under the large release of water, huge amounts of funds flow into the stock market</b></p><p>External macro factors cannot be ignored.<b>Relevant data show that the Federal Reserve's previous large releases of water have stimulated the stock market to rise</b>。 After the outbreak of COVID-19 pandemic, it became the norm for the United States to release water. According to data from Vanda Research, an independent research firm, in June 2021, U.S. retail investors bought a net of approximately US $28 billion in stocks and equity funds, setting a new high in monthly inflows since 2014. Did the currency released by the United States also flow into the stock market?</p><p>Comparing the monthly data of Dow Jones Industrial Average and U.S. broad money (M2), it is found that the correlation between the two is as high as 0.96. This indicates that the more M2 is released, the higher the Dow point; Under the large-scale release of water in the United States, a large amount of funds flowed into the stock market, and the large-scale release of water became an important factor driving the continuous rise of the U.S. stock market.</p><p>Specifically, in 2020, the United States released US $212.17 trillion in currency (M2), a year-on-year increase of 19.14%, and the growth rate reached a record high. In the same year, US investors net bought US $368.312 billion in US stocks, a year-on-year increase. At the end of 2020, the Dow Jones Industrial Average closed 30606.48 points; In the first four months of 2021, the United States released US $64 trillion in M2, a year-on-year increase of 23.77%. During the same period, US investors bought a net 44.792 billion yuan in US stocks. At the end of April 2021, the Dow Jones Industrial Average rose to 33,874.85 points.</p><p>Not only the United States, but also global assets are frantically flowing into the securities market, and A shares are no exception. It is reported that in the first half of 2021, the scale of funds flowing into global stock funds reached US $580 billion, a record high. After the COVID-19 pandemic, A-shares became a safe haven for global assets; Up to now, the net purchase of A shares through northbound capital channels during the year has reached 216.8 billion yuan, exceeding the level of the whole year of 2020;<b>The market value of A shares held through QFII channels (at the end of 2020) exceeded 270 billion yuan, a record high.</b></p><p><img src=\"https://static.tigerbbs.com/1eb9fc8dc982890f305777c22a2bfc11\" tg-width=\"1080\" tg-height=\"681\" 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>One of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?</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\">\nOne of the best performing assets in 100 years! Who is driving the U.S. stock market to continue to be bullish?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/41\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/462b2cc98f70412d82b85c0c4f356ccc);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">数据宝 </p>\n<p class=\"h-time smaller\">2021-07-17 12:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The news that the three major U.S. stock indexes hit new highs has once again swept the screen. Throughout history, the U.S. stock market has basically been in a continuous upward trend since 2009. The Nasdaq index has increased by more than 8 times, ranking first in the world. The three major stock indexes lead the world. Who is driving the stock market up?<b>What are the internal factors behind the continued bullish trend of the U.S. stock market?</b></p><p><b>The three major U.S. stock indexes in the past 13 years</b></p><p><b>The cumulative increase ranks among the top three in the world</b></p><p>After the financial crisis in 2008, the global stock market started a 13-year volatile rise. From the beginning of 2009 to July 9, 2021, the cumulative increase of 17 important indexes around the world has all exceeded 60% (Note: Due to different inflation rates in various countries, the article compares the stock indexes of various countries after conversion in US dollars), among which<b>The three major U.S. stock indexes all rose by more than 2.9 times, ranking among the top three in the world, and the Nasdaq index dominated the world with an increase of 8.32 times.</b></p><p>China's CSI 300 Index has increased by nearly 1.8 times since 2009, and the CSI 300 Index converted according to the central parity rate of the US dollar against the RMB has increased by more than 1.9 times during the same period. Sharp-eyed investors may have noticed that the cumulative increase of India's SENSEX30 index has reached 443%, far exceeding the A-share index. However, India's inflation is extremely serious (the cumulative inflation rate has reached 60% since 2012). After conversion in US dollars, the cumulative increase and decrease in the range has dropped to 1.1 times. The performance of the A-share index is not inferior to that of India as the market says.</p><p>From the perspective of annualized rate of return,<b>The annualized return of the Nasdaq exceeds 20%, and the annualized return of the Dow and S&P 500 exceeds 13%.</b>, the return on investment is quite high. According to a research report, stocks have been one of the best performing assets in the past 100 years, and the other asset is real estate.</p><p><img src=\"https://static.tigerbbs.com/1d5ead3651dca9e64e6e49461789f700\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p><p><b>18 stocks have been in the Dow for more than 13 years</b></p><p><b>The cumulative increase averages more than 550%</b></p><p>As one of the market indexes with a history of more than 120 years, the Dow Jones Industrial Average (Note: hereinafter referred to as \"Dow\", due to the limitation of data extraction, the Dow is mainly analyzed in this paper) is not only a barometer of the American economy, but also a weather vane of the world stock market. Its rise and fall and the changes of 30 constituent stocks affect the global capital market, and these 30 constituent stocks are basically the leaders of the American economy and industry.</p><p>Since 2009, the Dow has adjusted positions 8 times; After the outbreak of the COVID-19 pandemic, the new economy shined brilliantly. In 2020 and 2021, the Dow adjusted three constituent stocks, with large changes. Judging from the latest list,<b>The total market value of the 30 stocks is US $10.9 trillion, accounting for nearly 17% of the total market value of the US stock market.</b>Among them, 18 stocks have been in the Dow for more than 13 years, and 3 stocks have been in the Dow for more than 30 years, namely<b><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>、<a href=\"https://laohu8.com/S/DIS\">Disney</a></b>(b)<b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b>。</p><p>The constituent stocks that can be favored by the Dow Jones Industrial Average have performed well in the market. Databao statistics show that among the latest constituent stocks, the above 18 constituent stocks have an average increase of 577.32% since 2009, and the average annualized rate of return exceeds 18%.<b><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, Microsoft Corporation</b>(b)<b><a href=\"https://laohu8.com/S/AXP\">American Express</a></b>The cumulative increase in the range exceeds 10 times. During the same period, other U.S. stocks (listed before 2009) rose by only 275%, less than half of the increase of Dow constituent stocks.</p><p>June 8, 2009,<b><a href=\"https://laohu8.com/S/CSCO\">Cisco</a></b>(b)<b>Traveller</b>The newly included Dow Jones Industrial Average has increased by an average of 3.2 times since its inclusion, and the average annualized rate of return is close to 16%. The rest of the U.S. stocks have only increased by 2.4 times during the same period; Newly included on June 26, 2018<b><a href=\"https://laohu8.com/S/GE\">General Electric</a></b>, the company's stock price fell after inclusion, which is rare among Dow constituent stocks.</p><p><img src=\"https://static.tigerbbs.com/0fb7afaaec3f68357c406050caee37f8\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>The constituent stocks that were eliminated were forced out due to changes in economic form, and the market performance was unsatisfactory. Statistics show that before and after the elimination, the rise and fall of this type of stock mostly underperformed the Dow in the same period. In the first 10 days, the Dow rose by an average of 2.26%, and the excluded stocks fell by an average of 1.87% in the same period; On the 10 days after the exclusion, the excluded stocks fell by an average of 3%, and the Dow fell by an average of 1.84% over the same period.</p><p><img src=\"https://static.tigerbbs.com/e2b4e261cab6b7365a550226d250d4fd\" tg-width=\"1080\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p><b>Dow significantly raises weight of new economy companies</b></p><p>What is the Dow industry allocation? According to the compilation method of the Dow Jones Industrial Average, weighted by stock prices, after calculating the weights of each industry, it is found that,<b>The weight of new economic types of enterprises has been raised, and the weight of traditional types of enterprises has been greatly lowered</b>。 From the beginning of 2009 to the latest position adjustment in 2021, the weight increase includes<b>Healthcare, Information Technology, Finance, Optional Consumption</b>(b)<b>Material</b>In other five industries, the total latest weights of the five industries raised reached 73.16%, an increase of nearly 32 percentage points from the beginning of 2009.</p><p>among<b>Information Technology</b>The industry weight has been raised from 14.07% in early 2009 to the current 21.86%.<b>Healthcare</b>The industry weight has been raised from 9.82% in early 2009 to the current 17.09%;<b>Daily consumption</b>The industry weight has been lowered from 17.29% in early 2009 to the current 7.16%. The energy industry's<b><a href=\"https://laohu8.com/S/CVX\">Chevron</a></b>(b)<b><a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a></b>The total weight of the Group has dropped from 14% in early 2009 to 1.96% currently.</p><p><img src=\"https://static.tigerbbs.com/682ce19c2229475ddf03c493dd8befd3\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p><b>Four major factors driving U.S. stock indexes up revealed</b></p><p>There is not much mystery in the compilation of the Dow Jones Industrial Average, just because its selection of constituent stocks is very strict, which makes the U.S. stock index a \"reference\" for global stock markets. Looking around the world, the U.S. stock index is one of the few indexes that can maintain a continuous rise, and it still outperforms other indexes in the falling market. After the COVID-19 pandemic broke out, the trend of the three major U.S. stock indexes remained strong, hitting record highs in a row.<b>What exactly is driving the stock market up?</b></p><p><b>1. Changes in Dow divisors trigger butterfly effect</b></p><p>From the perspective of the Dow compilation itself, the Dow point is equal to the sum of constituent stock prices divided by the Dow divisor. The Dow divisor is used to determine the influence of any of the 30 constituent stocks of the Dow. When the Dow adjusts positions or the constituent stocks are split or merged, the Dow divisor will change. From the calculation formula itself, the Dow divisor has a significant butterfly effect. When the Dow divisor decreases, the Dow point rises accordingly.</p><p>According to data released by the Wall Street Journal, the number of decreases in the divisor of the Dow has not been many. On August 13, 2012, the divisor of the Dow fell to 0.129147, the lowest level since 2009; The Dow divisor was 0.147 in April 2019 and rose to 0.152 in August 2020. After the latest position adjustment, the divisor of the Dow Jones Industrial Average dropped to 0.138197, that is, for every $1 increase in the price of constituent stocks, the index will increase by 7.24 points.</p><p><b>2. New economies such as financial technology boosted the Dow's rise</b></p><p>In order to ensure the stability of the index, the Dow pays great attention to the consideration of industry allocation. According to the compilation method of Dow Jones Industrial Average, the weight of each industry is calculated according to the stock price;<b>The weights of new economic enterprises such as finance and technology with better market performance have been raised, while the weights of traditional enterprises have been significantly reduced.</b></p><p>In fact, the Shanghai and Shenzhen 300 Index also raised the weights of the technology and financial sectors during the same period, which was quite effective in promoting the index to rise. Comparing the trends of the Dow Jones Industrial Average and the CSI 300 Index, it is found that the gap between the two has widened since February 2016. According to the time point of the Dow's position adjustment, it is divided into February 1, 2016 to June 25, 2018 (interval 1), June 26, 2018 to April 1, 2019 (interval 2), April 2, 2019 to August 30, 2020 (interval 3), August 31, 2020 to July 7, 2021 (interval 4), a total of 4 intervals.</p><p>The CSI 300 only underperformed the Dow in Range 1 and Range 4. In interval 1, the electricity of the Dow<b>Credit services, industry, finance</b>(b)<b>Information Technology</b>Significantly outperformed the CSI 300 Index and the same industry index, the CSI 300 Index's<b>Daily consumption</b>And medical<b>Healthcare</b>Industry outperformed significantly; Range 4, CSI 300 Index<b>Telecommunications services, finance</b>(b)<b>Information Technology</b>Significantly underperformed the Dow industry.</p><p><img src=\"https://static.tigerbbs.com/37b546f254ce874032220177b12e1c09\" tg-width=\"1020\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><b>3. Low valuation, low volatility, and high return support the steady rise of the index</b></p><p>If the above two points are indirect factors affecting the rise and fall of the Dow,<b>The price changes of the constituent stocks of the Dow Jones Industrial Average can be considered as the direct cause of the index</b>, the 18 stocks that have been in the Dow Jones Industrial Average for more than 13 years have risen far more than the Dow Jones Industrial Average, with a total weight of over 60%.</p><p>Among them, the latest weight of 7 shares has increased compared with the beginning of 2009, from 20.5% to the current 32.32%. The largest stock price increase<b>Home Depot</b>The weight increased to 6.7%, an increase of more than 4 percentage points from the beginning of 2009, the second largest increase<b>Microsoft Corporation</b>The latest weight is close to 6%. From 2009 to now, the annualized rate of return of these seven companies has all exceeded 20%, which has become the core driving force for the Dow's rise.</p><p><img src=\"https://static.tigerbbs.com/5ef00051c7b8c3aa15696359e36cd800\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>CSI 300,<b>Telecommunications services</b>Constituent stocks have been dragging down the index trend. Judging from the performance of telecommunications service stocks in the range 4 and CSI 300,<b><a href=\"https://laohu8.com/S/600050\">China Unicom</a>、<a href=\"https://laohu8.com/S/601698\">China Satcom</a></b>From August 31, 2020 to July 7, 2021, they fell by 18.44% and 34.43% respectively. The decline in performance may be the main reason for the decline in stock prices.</p><p>In contrast, the performance growth of Dow constituent stocks is relatively stable. Comparing the latest fundamentals of the two index constituent stocks, the median valuation and median annualized volatility of the Dow constituent stocks (since 2009) are lower than those of the CSI 300 constituent stocks, and the return on investment (return on net assets) is twice that of the CSI 300 constituent stocks. The constituent stocks with low valuation, low volatility and high return support the steady rise of the index, so the annualized rate of return of the Dow far exceeds that of the CSI 300.</p><p><img src=\"https://static.tigerbbs.com/e17f21acfd2c5a7514d4a4dc0eee8563\" tg-width=\"1080\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p><p><b>4. Under the large release of water, huge amounts of funds flow into the stock market</b></p><p>External macro factors cannot be ignored.<b>Relevant data show that the Federal Reserve's previous large releases of water have stimulated the stock market to rise</b>。 After the outbreak of COVID-19 pandemic, it became the norm for the United States to release water. According to data from Vanda Research, an independent research firm, in June 2021, U.S. retail investors bought a net of approximately US $28 billion in stocks and equity funds, setting a new high in monthly inflows since 2014. Did the currency released by the United States also flow into the stock market?</p><p>Comparing the monthly data of Dow Jones Industrial Average and U.S. broad money (M2), it is found that the correlation between the two is as high as 0.96. This indicates that the more M2 is released, the higher the Dow point; Under the large-scale release of water in the United States, a large amount of funds flowed into the stock market, and the large-scale release of water became an important factor driving the continuous rise of the U.S. stock market.</p><p>Specifically, in 2020, the United States released US $212.17 trillion in currency (M2), a year-on-year increase of 19.14%, and the growth rate reached a record high. In the same year, US investors net bought US $368.312 billion in US stocks, a year-on-year increase. At the end of 2020, the Dow Jones Industrial Average closed 30606.48 points; In the first four months of 2021, the United States released US $64 trillion in M2, a year-on-year increase of 23.77%. During the same period, US investors bought a net 44.792 billion yuan in US stocks. At the end of April 2021, the Dow Jones Industrial Average rose to 33,874.85 points.</p><p>Not only the United States, but also global assets are frantically flowing into the securities market, and A shares are no exception. It is reported that in the first half of 2021, the scale of funds flowing into global stock funds reached US $580 billion, a record high. After the COVID-19 pandemic, A-shares became a safe haven for global assets; Up to now, the net purchase of A shares through northbound capital channels during the year has reached 216.8 billion yuan, exceeding the level of the whole year of 2020;<b>The market value of A shares held through QFII channels (at the end of 2020) exceeded 270 billion yuan, a record high.</b></p><p><img src=\"https://static.tigerbbs.com/1eb9fc8dc982890f305777c22a2bfc11\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3219c1e34771d4a607fc67aee82f7281","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185087957","content_text":"美国三大股指再创新高的新闻再次刷屏。\n\n纵观历史，美国股市自2009年以来基本处于连续上涨的态势，纳斯达克指数累计涨幅超8倍，位列全球第一，三大股指领跑全球，是谁在推动股市上涨，美国股市持续走牛的内在因素又有哪些？\n美国三大股指近13年来\n累计涨幅名列全球前三\n2008年金融危机后，全球股市开启了长达13年的震荡上涨行情。自2009年初至2021年7月9日，全球17只重要指数的累计涨幅均超过60%（注：由于各国通货膨胀率的不同，文中将各国股指按照美元换算后作对比），其中美国三大股指涨幅均超过了2.9倍，位列全球前三，纳斯达克指数以8.32倍涨幅称霸全球。\n中国沪深300指数2009年以来累计涨幅接近1.8倍，按照美元兑人民币中间价换算后的沪深300指数同期涨幅超过1.9倍。眼尖的投资者或许注意到了印度SENSEX30指数累计涨幅达到443%，远超A股指数。但印度的通货膨胀极其严重（2012年至今累计通货膨胀率达到60%），按照美元换算后，区间累计涨跌幅降至1.1倍，A股指数表现并不像市场所说的逊色于印度。\n从年化收益率来看，纳指年化收益率超过20%，道指及标普500指数的年化收益率超过13%，投资回报相当高。一份研究报告中显示，在过去100年中，股票是表现最好的资产之一，另一资产是房产。\n\n18股入驻道指超13年\n累计涨幅平均超550%\n美国股指表现拔尖，作为有着120多年历史的市场指数之一，道琼斯工业指数（注：以下均简称“道指”，由于数据提取限制，文中主要以道指为分析对象）既是美国经济的晴雨表，又是世界股市的风向标，其涨跌以及30只成份股的变动牵动着全球资本市场，这30只成份股基本是美国经济和行业的领头羊。\n2009年以来，道指共调仓8次；新冠疫情爆发后，新经济大放异彩，2020年及2021年道指均调整了3只成份股，变动较大。从最新名单来看，30股市值合计10.9万亿美元，占全部美股市值比近17%。其中18股入驻道指超13年，3股超过30年，分别是卡特彼勒、迪士尼及摩根大通。\n能获道指青睐的成份股，市场表现均较为出色。数据宝统计显示，最新成份股中，以上18只成份股自2009年以来平均涨幅高达577.32%，平均年化收益率超过18%，家得宝、微软公司及美国运通区间累计涨幅均超过10倍。同期其它美股（2009年以前上市）涨幅仅有275%，不足道指成份股涨幅的一半。\n2009年6月8日，思科及旅行者新进纳入道指，纳入以来平均上涨3.2倍，平均年化收益率接近16%，其余美股同期涨幅仅有2.4倍；2018年6月26日新进纳入通用电气，纳入后公司股价下跌，在道指成份股中较罕见。\n\n被剔除的成份股，一是由于经济形态变迁被迫出局，二是市场表现差强人意。统计显示，在剔除前后，这一类股票的涨跌幅大多跑输同期道指，剔除前10日，道指平均上涨2.26%，剔除股同期平均下跌1.87%；剔除后10日，剔除股平均下跌3%，道指同期平均下跌1.84%。\n\n道指大幅上调新经济企业权重\n道指行业配置如何？根据道指的编制方式，按照股价加权，计算各行业权重后发现，新经济类型的企业权重被上调，传统类型企业的权重大幅下调。自2009年初至2021最新一次调仓，权重上调的有医疗保健、信息技术、金融、可选消费及材料等5个行业，上调的5行业最新权重总和达到73.16%，较2009年初增加近32个百分点。\n其中信息技术行业权重由2009年初的14.07%上调至当前的21.86%，医疗保健行业权重由2009年初的9.82%上调至当前的17.09%；日常消费行业权重由2009年初的17.29%下调至当前的7.16%，能源行业的雪佛龙及埃克森美孚的总权重由2009年初的14%下降至当前的1.96%。\n\n推动美国股指上涨四大因素揭秘\n道指的编制并无太多神秘之处，只因其对成份股的选择非常严格，使美国股指成为全球股市的“参照物”。放眼全球，美国股指是极少数能维持连续上涨的指数，在下跌行情中，仍跑赢其它指数。新冠疫情爆发后，美国三大股指走势依旧坚挺，连创历史新高，究竟是什么原因推动股市上涨？\n1、 道指除数变动引发蝴蝶效应\n从道指编制本身来看，道指点位等于成份股价格之和除以道指除数。道指除数被用于决定道指30只成分股中的任何一只股票的影响力，当道指调仓或成份股分拆、合并时，道指除数都会变动。从计算公式本身来看，道指除数有着显著的蝴蝶效应，道指除数下降，道指点位随之而上升。\n据华尔街日报公布数据显示，道指除数下降的次数并不多，2012年8月13日道指除数降至0.129147，为2009年以来最低水平；2019年4月道指除数0.147，2020年8月升至0.152。最近一次调仓后，道指除数下降至0.138197，即成份股价格每上升1美元，指数就要增加7.24个点位。\n2、金融科技等新经济助推道指上涨\n为保证指数的稳定性，道指对行业配置的考量十分讲究。根据道指的编制方式，按照股价加权，计算各行业权重；市场表现较好的金融、科技等新经济企业权重被上调，传统类型企业的权重大幅下调。\n实际上，沪深300指数同期也调高了科技、金融板块的权重，对推动指数上涨颇有成效。对比道指、沪深300指数走势发现，两者从2016年2月起拉开差距，按照道指调仓的时间点，划分2016年2月1日至2018年6月25日（区间1）、2018年6月26日至2019年4月1日（区间2）、2019年4月2日至2020年8月30日（区间3）、2020年8月31日至2021年7月7日（区间4），共4个区间。\n沪深300仅在区间1和区间4跑输道指。区间1中，道指的电信服务、工业、金融及信息技术大幅跑赢沪深300指数同行业指数，沪深300指数的日常消费及医疗保健行业大幅跑赢；区间4，沪深300指数的电信服务、金融及信息技术大幅跑输道指同行业。\n\n3、低估值、低波动、高回报支撑指数稳定上涨\n若以上两点是影响道指涨跌的间接因素，道指成份股价格变动可以认为是影响指数的直接原因，入驻道指超13年的18股涨幅远超道指，权重总和超60%。\n其中7股最新权重较2009年初增加，由20.5%上升至当前的32.32%。股价涨幅第一的家得宝权重提升至6.7%，较2009年初增加4个百分点以上，涨幅第二的微软公司最新权重接近6%。这7家公司自2009年至当前年化收益率均超过20%，成为拉动道指上涨的核心动力。\n\n沪深300中，电信服务成份股一直在拖累指数走势。以区间4、沪深300的电信服务股表现来看，中国联通、中国卫通自2020年8月31日至2021年7月7日分别下跌18.44%及34.43%，业绩下滑或是股价下跌的主因。\n相比之下，道指成份股业绩成长性较平稳。对比两指数成份股的最新基本面，道指成份股的估值中位数、年化波动率中位数（2009年以来）均低于沪深300成份股，投资回报（净资产收益率）是沪深300成份股的2倍，低估值、低波动、高回报的成份股支撑了指数稳定上涨，也因此道指年化收益率远超沪深300。\n\n4、大放水之下，巨额资金流入股市\n外在宏观因素也不能忽视。相关资料显示，美联储历次大放水均刺激股市上涨。新冠疫情爆发后，美国大放水成为常态。独立研究机构Vanda Research数据显示，2021年6月，美国散户净买入约280亿美元的股票和股票类基金，创下自2014以来的月度流入新高。美国释放的货币是否也流入了股市？\n以道指与美国广义货币（M2）的月度数据对比发现，两者相关性极高达0.96。这表明释放的M2越多，道指点位就越高；美国大放水之下，大量资金流入股市，大放水成推动美国股市不断走高的重要因素。\n具体来看，2020年美国释放货币（M2）212.17万亿美元，同比增长19.14%，增速创历史新高，同年美国投资者净买入美国股票3683.12亿美元，同比大增，2020年末道指收30606.48点；2021年前4个月美国释放M2为 64万亿美元，同比增长23.77%，同期美国投资者净买入美股447.92亿元，2021年4月末道指涨至33874.85点。\n不仅是美国，全球资产都在疯狂流入证券市场，A股也不例外。据悉，2021年上半年流入全球股票基金的资金规模达5800亿美元，创历史最高水平。新冠疫情后，A股成全球资产避风港；截至当前，年内通过北上资金渠道净买入A股达到2168亿人民币，超过2020年全年水平；通过QFII渠道持有A股（2020年末）市值超2700亿人民币，创历史新高。","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":406728960508208,"gmtCreate":1740326669671,"gmtModify":1740326673503,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>&nbsp;","text":"$Sea Ltd(SE)$","images":[{"img":"https://community-static.tradeup.com/news/92f0b2db4b2d39c8e1dfceaafba87dbc","width":"972","height":"1631"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/406728960508208","isVote":1,"tweetType":1,"viewCount":1650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9009210455,"gmtCreate":1640685339136,"gmtModify":1676533534040,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009210455","repostId":"1118962717","repostType":4,"repost":{"id":"1118962717","kind":"news","pubTimestamp":1640684731,"share":"https://ttm.financial/m/news/1118962717?lang=en_US&edition=fundamental","pubTime":"2021-12-28 17:45","market":"us","language":"zh","title":"Slots may become history, Apple's next \"non-porous\" goal may be it","url":"https://stock-news.laohu8.com/highlight/detail?id=1118962717","media":"华尔街见闻","summary":"据报道，近期有分析师预测苹果可能会在部分国家和地区尝试推出没有实体SIM卡的iPhone，使用eSIM技术，具体将从iPhone 15 Pro开始。\n而最新消息显示，该转变可能会提前。目前，苹果已经建","content":"<p>According to reports, some analysts recently predicted that Apple may try to launch iPhones without physical SIM cards in some countries and regions, using eSIM technology, specifically starting with the iPhone 15 Pro.</p><p>The latest news shows that the shift may be advanced. Currently, Apple has advised several major U.S. carriers to prepare for eSIM-only smartphones to be released in September 2022.</p><p>According to the report, at present, the whole mobile phone industry recognizes non-porosity to improve the overall integrity of mobile phones. Apple has not surprisingly played a vanguard role in this direction. First, it replaced the physical buttons on the front with linear motors to simulate touch, and also led the wave of removing the 3.5 mm headphone jack. By the way, it also used AirPods to create a potential scale of 100 billion. The true wireless headphone market.</p><p>Removing the physical card slot is expected to further improve the dustproof and waterproof performance of the whole machine.</p><p><b>What is an eSIM card and what are the advantages?</b></p><p>An eSIM card, also known as an embedded SIM card, embeds a traditional SIM card directly into the device chip instead of being added to the device as an independent removable component. Take the mobile phone calling card as an example. Now, if our mobile phone wants to make a call, we need to go to the business hall to buy a calling card and insert it. However, if it is an eSIM card, it is not necessary, because it itself is in the chip.</p><p>Compared with traditional SIM, eSIM has the advantages of small size, low cost, convenience, flexibility, security, cross-regional deployment, and remote management.</p><p>Specifically, the highly integrated eSIM solution can first solve the problem that the SIM card slot takes up a lot of mobile phone space. Although the SIM card is already very small now, the card slot will still restrict the appearance design and battery capacity of mobile phones or wearables as mobile phones become thinner and lighter.</p><p>In addition, the SIM card slot also affects the waterproof performance of the phone, while eSIM is integrated inside the phone and does not need to be slotted on the body, which can improve the waterproof level of the phone.</p><p>With the eSIM solution, each mobile terminal can independently use the mobile network to surf the Internet and even make phone calls. Your various devices will never become \"bricks\" without WiFi.</p><p>For operators, users can save a huge expense without SIM cards. After all, the number of their users is calculated in hundreds of millions.</p><p>The advantages of eSIM are not limited to the ease of use of mobile phones and wearable devices. Its advantages are also reflected in harsh environment applications. For example, when running in a high-temperature, low-temperature, and high-vibration environment, the plug-in and unplug card of the device is very easily damaged, and eSIM can perfectly solve these problems.</p><p><b>Demand for eSIM explodes exponentially in the Internet of Things era</b></p><p>As the penetration rate of mobile communication terminal market in the global market exceeds 100% and tends to be saturated, the further expansion of traditional SIM card business has encountered bottlenecks, and the rapid rise of the Internet of Things has brought a new dawn to eSIM cards.</p><p>According to a research report from Huachuang Securities, eSIM is built into the device, allowing users to choose operator packages more flexibly, or change operators at any time without unlocking the device or purchasing a new device. This development is in line with the change of SIM cards from large to small. The trend of changing from real to virtual will meet the connection needs of tens of billions of devices in the Internet of Things.</p><p>According to calculations by China Merchants Securities, assuming that the number of IoT connections reaches 24 billion in 2020 and 100 billion in 2025, the demand for SIM based on cellular IoT management will reach more than 30 billion, and eSIM will occupy the majority of IoT SIM. market.</p><p><b>Even if we consider charging a fee of 1 yuan per eSIM in the future, it will correspond to a new market of more than 30 billion yuan</b>，<b>It is 6 times the current traditional SIM market of 5 billion</b>, if you consider the SIM service management market, the market size is even larger.</p><p>Because of this, the three major operators have been maintaining an active layout of eSIM.</p><p><b>The ultimate form that analysts are optimistic about-super eSIM card</b></p><p>In fact, in addition to the eSIM card, Pacific Securities recently mentioned a super SIM card in a research report, which contains an encryption chip and NFC function, and can be used as a meal card, access control card, transportation card, and car key offline; Financial security authentication, 5G electronic signature and large-amount transfers can be carried out online.</p><p>In June this year, China Mobile centrally purchased 111.4 million super SIM cards, and eight companies including Wuhan Tianyu, Hengbao, Chutianlong, Eastcom and other companies won the bid.</p><p>Super SIM card is a new generation SIM card product with large capacity storage function and high security data processing function. This product supports mobile phones in the form of \"single Nano + storage\", providing users with ultra-large capacity, secure storage, one-button changeover, and call, SMS and data traffic functions supported by SIM cards</p><p>Pacific Securities pointed out that the super SIM card can solve the three major pain points of insufficient human terminal storage, difficulty in one-click replacement, and operators' desire for traffic entrance, and will explode with the 5G replacement tide.</p><p>In addition, the central bank promotes dual offline digital currencies,<b>Super SIM cards are also hard carriers for hard wallets</b>。</p><p>Pacific Securities stated that the 5G super SIM card can be integrated with digital currency payment applications to form a 5G super SIM card digital currency wallet, breaking through the \"wallet\" that currently only exists in the form of application software, encrypting storage from the chip layer, and realizing \"digital assets\" at the same time. Secure storage \"and\" identity security authentication \", one card has multiple functions.</p><p>It believes that with the advancement of 5G and digital currency in the future, the form and function of SIM cards will undergo revolutionary changes. Operators will use SIM cards as the entrance to the Internet of Everything, digital authentication and application expansion, and the state will use SIM cards as the hardware carrier of national credit.<b>eSIM and super SIM will be the categories that will explode in the future of the Internet of Things, mobile terminals, and hard wallets.</b></p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Slots may become history, Apple's next \"non-porous\" goal may be it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSlots may become history, Apple's next \"non-porous\" goal may be it\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-12-28 17:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to reports, some analysts recently predicted that Apple may try to launch iPhones without physical SIM cards in some countries and regions, using eSIM technology, specifically starting with the iPhone 15 Pro.</p><p>The latest news shows that the shift may be advanced. Currently, Apple has advised several major U.S. carriers to prepare for eSIM-only smartphones to be released in September 2022.</p><p>According to the report, at present, the whole mobile phone industry recognizes non-porosity to improve the overall integrity of mobile phones. Apple has not surprisingly played a vanguard role in this direction. First, it replaced the physical buttons on the front with linear motors to simulate touch, and also led the wave of removing the 3.5 mm headphone jack. By the way, it also used AirPods to create a potential scale of 100 billion. The true wireless headphone market.</p><p>Removing the physical card slot is expected to further improve the dustproof and waterproof performance of the whole machine.</p><p><b>What is an eSIM card and what are the advantages?</b></p><p>An eSIM card, also known as an embedded SIM card, embeds a traditional SIM card directly into the device chip instead of being added to the device as an independent removable component. Take the mobile phone calling card as an example. Now, if our mobile phone wants to make a call, we need to go to the business hall to buy a calling card and insert it. However, if it is an eSIM card, it is not necessary, because it itself is in the chip.</p><p>Compared with traditional SIM, eSIM has the advantages of small size, low cost, convenience, flexibility, security, cross-regional deployment, and remote management.</p><p>Specifically, the highly integrated eSIM solution can first solve the problem that the SIM card slot takes up a lot of mobile phone space. Although the SIM card is already very small now, the card slot will still restrict the appearance design and battery capacity of mobile phones or wearables as mobile phones become thinner and lighter.</p><p>In addition, the SIM card slot also affects the waterproof performance of the phone, while eSIM is integrated inside the phone and does not need to be slotted on the body, which can improve the waterproof level of the phone.</p><p>With the eSIM solution, each mobile terminal can independently use the mobile network to surf the Internet and even make phone calls. Your various devices will never become \"bricks\" without WiFi.</p><p>For operators, users can save a huge expense without SIM cards. After all, the number of their users is calculated in hundreds of millions.</p><p>The advantages of eSIM are not limited to the ease of use of mobile phones and wearable devices. Its advantages are also reflected in harsh environment applications. For example, when running in a high-temperature, low-temperature, and high-vibration environment, the plug-in and unplug card of the device is very easily damaged, and eSIM can perfectly solve these problems.</p><p><b>Demand for eSIM explodes exponentially in the Internet of Things era</b></p><p>As the penetration rate of mobile communication terminal market in the global market exceeds 100% and tends to be saturated, the further expansion of traditional SIM card business has encountered bottlenecks, and the rapid rise of the Internet of Things has brought a new dawn to eSIM cards.</p><p>According to a research report from Huachuang Securities, eSIM is built into the device, allowing users to choose operator packages more flexibly, or change operators at any time without unlocking the device or purchasing a new device. This development is in line with the change of SIM cards from large to small. The trend of changing from real to virtual will meet the connection needs of tens of billions of devices in the Internet of Things.</p><p>According to calculations by China Merchants Securities, assuming that the number of IoT connections reaches 24 billion in 2020 and 100 billion in 2025, the demand for SIM based on cellular IoT management will reach more than 30 billion, and eSIM will occupy the majority of IoT SIM. market.</p><p><b>Even if we consider charging a fee of 1 yuan per eSIM in the future, it will correspond to a new market of more than 30 billion yuan</b>，<b>It is 6 times the current traditional SIM market of 5 billion</b>, if you consider the SIM service management market, the market size is even larger.</p><p>Because of this, the three major operators have been maintaining an active layout of eSIM.</p><p><b>The ultimate form that analysts are optimistic about-super eSIM card</b></p><p>In fact, in addition to the eSIM card, Pacific Securities recently mentioned a super SIM card in a research report, which contains an encryption chip and NFC function, and can be used as a meal card, access control card, transportation card, and car key offline; Financial security authentication, 5G electronic signature and large-amount transfers can be carried out online.</p><p>In June this year, China Mobile centrally purchased 111.4 million super SIM cards, and eight companies including Wuhan Tianyu, Hengbao, Chutianlong, Eastcom and other companies won the bid.</p><p>Super SIM card is a new generation SIM card product with large capacity storage function and high security data processing function. This product supports mobile phones in the form of \"single Nano + storage\", providing users with ultra-large capacity, secure storage, one-button changeover, and call, SMS and data traffic functions supported by SIM cards</p><p>Pacific Securities pointed out that the super SIM card can solve the three major pain points of insufficient human terminal storage, difficulty in one-click replacement, and operators' desire for traffic entrance, and will explode with the 5G replacement tide.</p><p>In addition, the central bank promotes dual offline digital currencies,<b>Super SIM cards are also hard carriers for hard wallets</b>。</p><p>Pacific Securities stated that the 5G super SIM card can be integrated with digital currency payment applications to form a 5G super SIM card digital currency wallet, breaking through the \"wallet\" that currently only exists in the form of application software, encrypting storage from the chip layer, and realizing \"digital assets\" at the same time. Secure storage \"and\" identity security authentication \", one card has multiple functions.</p><p>It believes that with the advancement of 5G and digital currency in the future, the form and function of SIM cards will undergo revolutionary changes. Operators will use SIM cards as the entrance to the Internet of Everything, digital authentication and application expansion, and the state will use SIM cards as the hardware carrier of national credit.<b>eSIM and super SIM will be the categories that will explode in the future of the Internet of Things, mobile terminals, and hard wallets.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3648356\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/74282bcfe2e1d6d1ec4546eb18e35028","relate_stocks":{"AAPL":"苹果"},"source_url":"https://wallstreetcn.com/articles/3648356","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1118962717","content_text":"据报道，近期有分析师预测苹果可能会在部分国家和地区尝试推出没有实体SIM卡的iPhone，使用eSIM技术，具体将从iPhone 15 Pro开始。\n而最新消息显示，该转变可能会提前。目前，苹果已经建议美国几家主要运营商为2022年9月发布的只支持eSIM的智能手机做好准备。\n报道称，目前整个手机行业都认可无孔化，以提升手机整体的完整性。苹果在这一方向上毫不意外地扮演了急先锋身份，先是用线性马达模拟触感替代了正面实体按键，还引领去掉3.5mm耳机接口的浪潮，顺带还用AirPods造出了个潜在规模达千亿的真无线耳机市场。\n而去掉物理卡槽有望进一步提升整机防尘防水性能。\n什么是eSIM卡，有哪些优势？\neSIM卡又叫嵌入式SIM卡，将传统SIM卡直接嵌入到设备芯片上，而非作为独立的可移除零部件加入设备中。以手机电话卡为例，现在我们的手机想要打电话，都需要到营业厅买张电话卡插进去，但如果是eSIM卡，就没这个必要，因为它本身是在芯片里面。\n相比传统的SIM，eSIM具有体积小低成本、便利性、灵活性、安全、跨区域部署以及远程管理等功能优势等优势。\n具体来看，高度集成的eSIM方案，首先能解决SIM卡槽占用大量手机空间的难题，虽然现在SIM卡已经很小，但在手机越来越轻薄趋势下，卡槽还是会制约手机或可穿戴设备的外形设计和电池容量。\n此外，SIM卡槽还影响手机的防水性能，而eSIM集成在手机内部，不需要在机身上开槽，可以提高手机的防水等级。\n使用eSIM方案，每一个移动终端都可独立使用移动网络上网，甚至打电话，你的各种设备再也不会在没有WiFi的情况下变成“砖头”。\n对于运营商来说，用户不用SIM卡，也能省下一笔巨大的开支，毕竟他们的用户数都是以亿为单位计算的。\neSIM的优势不仅限于手机、可穿戴设备使用方便，它在优越性还体现在恶劣环境应用上。例如运行在高温、低温、高振动的环境中，设备插拔卡非常容易损坏，eSIM就能完美地解决这些问题。\n物联网时代eSIM需求呈指数级爆发\n随着全球市场移动通信终端市场渗透率超过100%趋于饱和，传统的SIM卡业务的进一步扩张遇到了瓶颈，而物联网的快速兴起为eSIM卡带来了新的曙光。\n据华创证券研报，eSIM内置于设备中，允许用户更加灵活的选择运营商套餐，或者在无需解锁设备、购买新设备的前提下随时更换运营商，这一发展符合SIM卡由大变小、由实变虚的趋势，将满足物联网百亿设备的连接需求。\n据招商证券测算，假设2020年物联网连接数达到240亿，2025年达到1000亿，则基于对蜂窝物联网管理带来的SIM需求将达到300亿以上，并且eSIM将占据物联网SIM的绝大部分市场。\n即使考虑每个eSIM未来收取1元费用，也将对应一个300亿以上的新增市场，是与目前50亿的传统SIM市场的6倍，如果再考虑到SIM服务管理市场，则市场规模更大。\n也正因为如此，三大运营商一直保持着对eSIM的积极布局。\n分析师看好的终极形态——超级eSIM卡\n事实上，除了eSIM卡，太平洋证券近日在研报中还提到一种超级SIM卡，它内含加密芯片以及NFC功能，线下可充当饭卡、门禁卡、交通卡、车钥匙；线上可以进行金融安全认证、5G电子签名以及大额转账等。\n今年6月，中国移动集中采购1.114亿张超级SIM卡，武汉天喻、恒宝、楚天龙、东信和平等8家企业中标。\n超级SIM卡，是一款具有大容量存储功能、高安全数据处理功能的新一代SIM卡产品。该产品支持“单Nano+存储”形态的手机，为用户同时提供超大容量、安全存储、一键换机以及SIM卡所支持的通话、短信和数据流量功能\n太平洋证券指出，超级SIM卡可解决人终端存储不足、一键换机难、运营商对流量入口的渴望三大痛点，将伴随5G换机潮呈现爆发。\n此外，央行推动双离线数字货币，超级SIM卡也是硬钱包的硬载体。\n太平洋证券表示，5G超级SIM卡可与数字货币支付应用相融合，形成5G超级SIM卡数字货币钱包，突破目前仅以应用软件形式存在的“钱包”，从芯片层加密存储，同时实现“数字资产安全存储”和“身份安全认证”，一卡多能。\n其认为，未来5G和数字货币的推进，SIM卡形态和功能将发生革命性变化，运营商将SIM卡作为万物互联、数字认证和应用拓展的入口，国家将SIM卡作为国家级信用的硬件载体。eSIM与超级SIM将是未来物联网、手机终端、硬钱包即将爆发式增长的品类。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009156798,"gmtCreate":1640577998118,"gmtModify":1676533527098,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009156798","repostId":"2194797491","repostType":4,"repost":{"id":"2194797491","kind":"highlight","pubTimestamp":1640576240,"share":"https://ttm.financial/m/news/2194797491?lang=en_US&edition=fundamental","pubTime":"2021-12-27 11:37","market":"us","language":"zh","title":"The next generation of EUV lithography is about to break out","url":"https://stock-news.laohu8.com/highlight/detail?id=2194797491","media":"半导体行业观察","summary":"随着先进制程芯片上量（包括逻辑芯片和存储器），芯片制造端的高技术含量规模也在不断扩大，其中，最具代表性的就是EUV光刻机，市场对其需求在未来几年将大幅增加。\nASML预期今年EUV设备出货量有望达到5","content":"<p>With the quantity of advanced process chips (including logic chips and memories), the scale of high-tech content on the chip manufacturing side is also expanding. Among them, the most representative one is the EUV lithography, and the market demand for it will increase significantly in the next few years..</p><p>ASML expects EUV equipment shipments to reach 50 units this year, which is already a very impressive number. Even so, supply still exceeds demand. With the evolution of logic chips and DRAM manufacturing processes, the number of EUV exposure mask layers on a single wafer is rapidly increasing. Among them, the average number of EUV exposure layers on advanced logic process wafers has exceeded 10 layers in 2021 and will exceed 20 layers in 2023.</p><p>According to ASML estimates, a 7nm ~ 3nm process 12-inch wafer fab with a monthly production capacity of 45,000 pieces has a single wafer EUV mask layers ranging from 10 to 20 layers, and the number of EUV lithography installed reaches 9 to 18 units; The monthly production capacity reaches 100,000 DRAM factories, the number of EUV mask layers on a single wafer ranges from 1 to 6 layers, and the number of EUV lithography installed reaches 2 to 9 units. These will generate a large demand for EUV exposure equipment, and the demand for EUV lithography before 2025 will set new records year by year.</p><p><h3><b>The demand side continues to improve</b></h3>Currently, the chip manufacturers with the largest demand for EUV equipment include<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/TSM\">TSMC</a>、<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And SK Hynix, the demand for EUVs from these four giants will continue to increase in the next few years.</p><p><img src=\"https://static.tigerbbs.com/5b20aa1f230eded2222be5eae10df7ba\" tg-width=\"800\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Obviously, TSMC, the leader in advanced process chips, has the largest demand for EUV lithography, which can be compared with Intel. By 2023, TSMC is expected to have a total of 133 EUV lithography units, while Intel has 20 units.</p><p>Currently, TSMC accounts for half of the industry's EUV equipment installation base and wafer production, and plans to expand production capacity through state-of-the-art 3nm and 2nm fabs.</p><p>In recent years, TSMC has been increasing the number of EUV equipment purchases. Since the second half of this year, its 5nm production capacity has been fully opened, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A15 application processors and M1X/M2 computer processors, MediaTek and<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>New 5G mobile phone chip,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Zen 4 architecture computers and server processors will be introduced into mass production one after another. In order to maintain technological leadership, TSMC's 4nm optimized from 5nm will enter mass production next year, and the new 3nm will also be introduced into mass production in the second half of next year, which shows the demand for EUV.</p><p>Since 2018, ASML has increased production of EUV lithography, producing about 75 units, of which TSMC is said to have bought 60%.</p><p>For Samsung, its wafer foundry and advanced process DRAM both require EUV lithography, and the number is increasing year by year, second only to TSMC. According to statistics, Samsung currently has 25 EUV devices, which is about half that of TSMC.</p><p>In order to obtain more EUV equipment, in October 2020, Samsung leader and vice chairman Lee Jae-yong flew to the ASML headquarters to discuss the stable purchase of EUV equipment. It is said that about 20 units were ordered. The price of one is more than 20 billion won ($177 million).</p><p>According to Samsung's Vision 2030 announced in April 2019, the company plans to invest a total of 133 trillion won and hopes to become the world's top wafer foundry company. The company spends 10 trillion won a year to develop chip foundry technology and buy necessary equipment, especially EUV lithography, to catch up with TSMC.</p><p>Let's take a look at Intel again. In the past few years, the company believed that the EUV process was not mature enough. Now that the EUV lithography process has been mass-produced for several years, Intel has begun to follow up. Its newly launched Intel 4 process will be fully introduced into the EUV lithography. Subsequent Intel 3, Intel 20A processes will continue to introduce EUV.</p><p>After 2025, the company's manufacturing process is planned to Intel 18A, which will use second-generation RibbonFET transistors. The EUV lithography will also undergo a major upgrade. To this end, Intel stated that it will deploy the next generation of High-NA EUV, which is expected to be the first in the industry. High-NA EUV lithography. Currently, the company is working closely with ASML to ensure the success of this industry-breaking technology, surpassing the current generation of EUVs.</p><p>NA represents the numerical aperture, which will be increased to 0.5 in the future from the current highest value of 0.33. It is reported that ASML's NXE: 5000 series will achieve such performance. It was previously expected to be released in 2023, but now it has been postponed to 2025. The price of a single unit is expected to exceed $300 million.</p><p>The above is about the production of logic chips. In terms of memory, especially DRAM, Samsung and SK Hynix now use EUV devices in their DRAM production, and Micron said it plans to apply EUV to its DRAM production starting in 2024.</p><p><h3><b>Supply side follow-up</b></h3>As EUV lithography technology becomes more and more important, the advantages of ASML become more and more obvious. However, in addition to ASML, lithography suppliers also include Japanese manufacturers Nikon and<a href=\"https://laohu8.com/S/CAJ\">Canon</a>(Canon), these two companies can compete with ASML in deep ultraviolet (DUV, the wavelength of the light source is longer than EUV) lithography technology, but ASML, as the leader of the enterprise, also has a 62% market share in the field of DUV lithography.</p><p>At present, although only ASML can produce EUV lithography, because its technology is too complex, it also needs to cooperate with semiconductor equipment manufacturers and scientific research institutions in the industry to produce more advanced EUV equipment needed in the future.</p><p>For example, not long ago, Tokyo Electronics (TEL) announced the launch of its leading coater to the imec-ASML joint high NA EUV research laboratory, which will be integrated with ASML's next-generation high NA EUV lithography system NXE: 5000.</p><p>Compared with traditional EUV lithography, high NA EUV lithography is expected to provide more advanced pattern scaling solutions. The coater/developer introduced into the Joint High NA Laboratory will have advanced features compatible not only with widely used chemically amplified resists and underlayers, but also with spin-coated metal-containing resists. Spin-coated metal-containing resists have exhibited high resolution and high etch resistance, promising finer patterning. However, metal-containing resists also require precise pattern size control and metal contamination control on the back and bevel of the chip. To address these challenges, the coater/developer installed at the Joint High NA laboratory is equipped with cutting-edge process modules capable of handling metal-containing resists.</p><p>Combined with the new process module, a single unit of TEL Coater/Developer can process multiple materials online, including chemically amplified resists, metal-containing resists, and underlayers. This will enable flexible fab operations.</p><p>In the second half of this year, ASML launched the latest 0.33 numerical aperture EUV lithography NXE: 3600D. The hourly exposure output (throughput) is estimated to be increased to 160 pieces. In 2023, the NXE: 3800E will be launched to increase the hourly exposure output to 195 ~ 220 pieces.</p><p>As for the next generation EUV technology with a high numerical aperture of 0.55, it is expected to enter mass production after 2025, supporting 1.5 nm and 1nm logic processes, as well as the most advanced DRAM process.</p><p>During a conference call in the second quarter of this year, ASML CEO Peter Wennink said the company plans to produce about 40 EUV lithography units this year and will expand to 55 units in 2022 and increase production to 60 units in 2023.</p><p>To produce EUV equipment, ASML needs to source the lenses needed for the system from Germany's Zeiss AG, however, it has a limited number of lenses it can source per year, which leads to long lead times for the system. In this regard, Peter Wennink said that the company's EUV equipment lead time will also be shortened from the previous 18 to 24 months to 12 to 18 months.</p><p>Wennink said its three major DRAM customers all plan to use EUV for mass production. By 2021, the companies are expected to spend a total of € 1. 2 billion to purchase EUV systems. He added that EUV shipments to these companies will increase in the future.</p><p>ASML has begun production of its NXE 3600D new EUV device, which provides a 15% to 20% increase in productivity and a 30% increase in coverage compared to the previous 3400C.</p><p>In the second quarter of this year, ASML's sales were 4 billion euros and net profit was 1 billion euros, an increase of 20% and 38% respectively from the second quarter of 2020. The company's orders rose 75% compared to the previous quarter to EUR 8.3 billion, of which EUR 4.9 billion was for EUV equipment.</p><p>South Korea accounted for 39% of ASML's sales, followed by Taiwan, China with 35%. The company expects sales in 2021 to grow 35% compared to 2020.</p><p><h3><b>epilogue</b></h3>With the improvement of chip manufacturing technology, TSMC and Samsung have purchased a large amount of EUV lithography, and memory chip manufacturer SK Hynix has also begun to adopt EUV lithography, and will also significantly increase purchases in the next five years.<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It is also planned to start using EUV equipment in 2024.</p><p>The four major chip factories purchase EUV equipment in large quantities, which means that the proportion of applications of this type of lithography will increase significantly in the next few years and gradually occupy a dominant position. An ASML executive told an EUV lithography ecosystem conference that EUV devices are expected to account for more than 60% of the lithography operated by global fabs by 2025.</p>","source":"36kr_stock","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 next generation of EUV lithography is about to break out</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 next generation of EUV lithography is about to break out\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">半导体行业观察</strong><span class=\"h-time small\">2021-12-27 11:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the quantity of advanced process chips (including logic chips and memories), the scale of high-tech content on the chip manufacturing side is also expanding. Among them, the most representative one is the EUV lithography, and the market demand for it will increase significantly in the next few years..</p><p>ASML expects EUV equipment shipments to reach 50 units this year, which is already a very impressive number. Even so, supply still exceeds demand. With the evolution of logic chips and DRAM manufacturing processes, the number of EUV exposure mask layers on a single wafer is rapidly increasing. Among them, the average number of EUV exposure layers on advanced logic process wafers has exceeded 10 layers in 2021 and will exceed 20 layers in 2023.</p><p>According to ASML estimates, a 7nm ~ 3nm process 12-inch wafer fab with a monthly production capacity of 45,000 pieces has a single wafer EUV mask layers ranging from 10 to 20 layers, and the number of EUV lithography installed reaches 9 to 18 units; The monthly production capacity reaches 100,000 DRAM factories, the number of EUV mask layers on a single wafer ranges from 1 to 6 layers, and the number of EUV lithography installed reaches 2 to 9 units. These will generate a large demand for EUV exposure equipment, and the demand for EUV lithography before 2025 will set new records year by year.</p><p><h3><b>The demand side continues to improve</b></h3>Currently, the chip manufacturers with the largest demand for EUV equipment include<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/TSM\">TSMC</a>、<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>And SK Hynix, the demand for EUVs from these four giants will continue to increase in the next few years.</p><p><img src=\"https://static.tigerbbs.com/5b20aa1f230eded2222be5eae10df7ba\" tg-width=\"800\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Obviously, TSMC, the leader in advanced process chips, has the largest demand for EUV lithography, which can be compared with Intel. By 2023, TSMC is expected to have a total of 133 EUV lithography units, while Intel has 20 units.</p><p>Currently, TSMC accounts for half of the industry's EUV equipment installation base and wafer production, and plans to expand production capacity through state-of-the-art 3nm and 2nm fabs.</p><p>In recent years, TSMC has been increasing the number of EUV equipment purchases. Since the second half of this year, its 5nm production capacity has been fully opened, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A15 application processors and M1X/M2 computer processors, MediaTek and<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>New 5G mobile phone chip,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Zen 4 architecture computers and server processors will be introduced into mass production one after another. In order to maintain technological leadership, TSMC's 4nm optimized from 5nm will enter mass production next year, and the new 3nm will also be introduced into mass production in the second half of next year, which shows the demand for EUV.</p><p>Since 2018, ASML has increased production of EUV lithography, producing about 75 units, of which TSMC is said to have bought 60%.</p><p>For Samsung, its wafer foundry and advanced process DRAM both require EUV lithography, and the number is increasing year by year, second only to TSMC. According to statistics, Samsung currently has 25 EUV devices, which is about half that of TSMC.</p><p>In order to obtain more EUV equipment, in October 2020, Samsung leader and vice chairman Lee Jae-yong flew to the ASML headquarters to discuss the stable purchase of EUV equipment. It is said that about 20 units were ordered. The price of one is more than 20 billion won ($177 million).</p><p>According to Samsung's Vision 2030 announced in April 2019, the company plans to invest a total of 133 trillion won and hopes to become the world's top wafer foundry company. The company spends 10 trillion won a year to develop chip foundry technology and buy necessary equipment, especially EUV lithography, to catch up with TSMC.</p><p>Let's take a look at Intel again. In the past few years, the company believed that the EUV process was not mature enough. Now that the EUV lithography process has been mass-produced for several years, Intel has begun to follow up. Its newly launched Intel 4 process will be fully introduced into the EUV lithography. Subsequent Intel 3, Intel 20A processes will continue to introduce EUV.</p><p>After 2025, the company's manufacturing process is planned to Intel 18A, which will use second-generation RibbonFET transistors. The EUV lithography will also undergo a major upgrade. To this end, Intel stated that it will deploy the next generation of High-NA EUV, which is expected to be the first in the industry. High-NA EUV lithography. Currently, the company is working closely with ASML to ensure the success of this industry-breaking technology, surpassing the current generation of EUVs.</p><p>NA represents the numerical aperture, which will be increased to 0.5 in the future from the current highest value of 0.33. It is reported that ASML's NXE: 5000 series will achieve such performance. It was previously expected to be released in 2023, but now it has been postponed to 2025. The price of a single unit is expected to exceed $300 million.</p><p>The above is about the production of logic chips. In terms of memory, especially DRAM, Samsung and SK Hynix now use EUV devices in their DRAM production, and Micron said it plans to apply EUV to its DRAM production starting in 2024.</p><p><h3><b>Supply side follow-up</b></h3>As EUV lithography technology becomes more and more important, the advantages of ASML become more and more obvious. However, in addition to ASML, lithography suppliers also include Japanese manufacturers Nikon and<a href=\"https://laohu8.com/S/CAJ\">Canon</a>(Canon), these two companies can compete with ASML in deep ultraviolet (DUV, the wavelength of the light source is longer than EUV) lithography technology, but ASML, as the leader of the enterprise, also has a 62% market share in the field of DUV lithography.</p><p>At present, although only ASML can produce EUV lithography, because its technology is too complex, it also needs to cooperate with semiconductor equipment manufacturers and scientific research institutions in the industry to produce more advanced EUV equipment needed in the future.</p><p>For example, not long ago, Tokyo Electronics (TEL) announced the launch of its leading coater to the imec-ASML joint high NA EUV research laboratory, which will be integrated with ASML's next-generation high NA EUV lithography system NXE: 5000.</p><p>Compared with traditional EUV lithography, high NA EUV lithography is expected to provide more advanced pattern scaling solutions. The coater/developer introduced into the Joint High NA Laboratory will have advanced features compatible not only with widely used chemically amplified resists and underlayers, but also with spin-coated metal-containing resists. Spin-coated metal-containing resists have exhibited high resolution and high etch resistance, promising finer patterning. However, metal-containing resists also require precise pattern size control and metal contamination control on the back and bevel of the chip. To address these challenges, the coater/developer installed at the Joint High NA laboratory is equipped with cutting-edge process modules capable of handling metal-containing resists.</p><p>Combined with the new process module, a single unit of TEL Coater/Developer can process multiple materials online, including chemically amplified resists, metal-containing resists, and underlayers. This will enable flexible fab operations.</p><p>In the second half of this year, ASML launched the latest 0.33 numerical aperture EUV lithography NXE: 3600D. The hourly exposure output (throughput) is estimated to be increased to 160 pieces. In 2023, the NXE: 3800E will be launched to increase the hourly exposure output to 195 ~ 220 pieces.</p><p>As for the next generation EUV technology with a high numerical aperture of 0.55, it is expected to enter mass production after 2025, supporting 1.5 nm and 1nm logic processes, as well as the most advanced DRAM process.</p><p>During a conference call in the second quarter of this year, ASML CEO Peter Wennink said the company plans to produce about 40 EUV lithography units this year and will expand to 55 units in 2022 and increase production to 60 units in 2023.</p><p>To produce EUV equipment, ASML needs to source the lenses needed for the system from Germany's Zeiss AG, however, it has a limited number of lenses it can source per year, which leads to long lead times for the system. In this regard, Peter Wennink said that the company's EUV equipment lead time will also be shortened from the previous 18 to 24 months to 12 to 18 months.</p><p>Wennink said its three major DRAM customers all plan to use EUV for mass production. By 2021, the companies are expected to spend a total of € 1. 2 billion to purchase EUV systems. He added that EUV shipments to these companies will increase in the future.</p><p>ASML has begun production of its NXE 3600D new EUV device, which provides a 15% to 20% increase in productivity and a 30% increase in coverage compared to the previous 3400C.</p><p>In the second quarter of this year, ASML's sales were 4 billion euros and net profit was 1 billion euros, an increase of 20% and 38% respectively from the second quarter of 2020. The company's orders rose 75% compared to the previous quarter to EUR 8.3 billion, of which EUR 4.9 billion was for EUV equipment.</p><p>South Korea accounted for 39% of ASML's sales, followed by Taiwan, China with 35%. The company expects sales in 2021 to grow 35% compared to 2020.</p><p><h3><b>epilogue</b></h3>With the improvement of chip manufacturing technology, TSMC and Samsung have purchased a large amount of EUV lithography, and memory chip manufacturer SK Hynix has also begun to adopt EUV lithography, and will also significantly increase purchases in the next five years.<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It is also planned to start using EUV equipment in 2024.</p><p>The four major chip factories purchase EUV equipment in large quantities, which means that the proportion of applications of this type of lithography will increase significantly in the next few years and gradually occupy a dominant position. An ASML executive told an EUV lithography ecosystem conference that EUV devices are expected to account for more than 60% of the lithography operated by global fabs by 2025.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1542175181891588\">半导体行业观察</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/38b14d4c1528b585f44d427c7a09d860","relate_stocks":{"BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","BK4145":"电子制造服务","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","TEL":"泰科电子","BK4527":"明星科技股","INTC":"英特尔","BK4512":"苹果概念","BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK4141":"半导体产品","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4529":"IDC概念","BK4505":"高瓴资本持仓","03145":"华夏亚洲高息股","BK4535":"淡马锡持仓","TSM":"台积电","BK4515":"5G概念","EWT":"台湾ETF-iShares MSCI"},"source_url":"https://36kr.com/p/1542175181891588","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194797491","content_text":"随着先进制程芯片上量（包括逻辑芯片和存储器），芯片制造端的高技术含量规模也在不断扩大，其中，最具代表性的就是EUV光刻机，市场对其需求在未来几年将大幅增加。\nASML预期今年EUV设备出货量有望达到50台，这已经是一个非常可观的数字了，即使如此，仍然供不应求。随着逻辑芯片及DRAM制程的演进，单片晶圆EUV曝光光罩层数正在快速提升，其中先进逻辑制程晶圆2021年EUV曝光层数平均已超过10层，2023年将超过20层。\n据ASML预估，月产能达4.5万片的7nm~3nm制程12吋晶圆厂，单片晶圆EUV光罩层数介于10～20层，EUV光刻机安装数量达9～18台；月产能达10万片DRAM厂，单片晶圆EUV光罩层数介于1～6层，EUV光刻机安装数量达2～9台。这些将大量催生对EUV曝光设备的需求量，2025年之前的EUV光刻机需求将逐年创下新纪录。\n需求侧不断提升\n目前，对EUV设备需求量最大的芯片厂商包括英特尔、台积电、三星和SK海力士，未来几年，这四巨头对EUV的需求将持续增加。\n\n显然，先进制程芯片龙头台积电对EUV光刻机的需求量最大，可以与英特尔做一下比较，到2023年，预计台积电共拥有133台EUV光刻机，而英特尔为20台。\n目前，台积电占行业EUV设备安装基础和晶圆产量的一半，并计划通过最先进的3nm和2nm晶圆厂扩大产能。\n近几年，台积电一直在提升EUV设备采购数量，今年下半年以来，其5nm产能全开，包括苹果A15应用处理器及M1X／M2电脑处理器、联发科及高通新款5G手机芯片、AMD的Zen 4架构电脑及服务器处理器等将陆续导入量产。为了维持技术领先，台积电由5nm优化后的4nm将在明年进入量产，全新3nm也将在明年下半年导入量产，EUV需求量可见一斑。\n自2018年以来，ASML增加了EUV光刻机的产量，生产了约75台，据说台积电购买了其中的60%。\n三星方面，其晶圆代工和先进制程DRAM都需要EUV光刻机，而且数量逐年递增，仅次于台积电。据统计，三星目前拥有25台EUV设备，数量约为台积电的一半。\n为了获得更多的EUV设备，2020年10月，三星领导人、副董事长李在镕飞到ASML总部，商讨稳定采购EUV设备，据说订购了大约20台。一台的价格超过200亿韩元（1.77 亿美元）。\n根据三星2019年4月宣布的 Vision 2030，该公司计划总投资133万亿韩元，希望成为全球顶级晶圆代工企业。该公司每年花费10万亿韩元来开发芯片代工技术并购买必要的设备，特别是EUV光刻机，以追赶手台积电。\n再来看一下英特尔，前些年，该公司认为EUV工艺不够成熟，现在EUV光刻工艺已经量产几年了，英特尔开始跟进，其新推出的Intel 4制程将全面导入EUV光刻机，之后的Intel 3、Intel 20A工艺会持续导入EUV。\n2025年之后，该公司的制程工艺规划到了Intel 18A，将使用第二代RibbonFET晶体管，EUV光刻机也会有一次重大升级，为此，英特尔表示将部署下一代High-NA EUV，有望率先获得业界第一台High-NA EUV光刻机。目前，该公司正与ASML密切合作，确保这一行业突破性技术取得成功，超越当前一代EUV。\nNA表示数值孔径，从目前的最高值为0.33，今后将提升到0.5，据悉，ASML的NXE：5000系列将实现这样的性能，之前预计是在2023年问世，现在推迟到了2025年，单台售价预计将超过3亿美元。\n以上谈的是逻辑芯片的生产，在存储器方面，特别是DRAM，三星和 SK 海力士现在都在其DRAM生产中使用EUV设备，美光则表示计划从2024年开始将EUV应用于其DRAM生产。\n供给侧跟进\n随着EUV光刻技术变得越来越重要，ASML的优势也越发明显。不过，光刻机供货商除ASML之外，还有日本厂商尼康（Nikon）和佳能（Canon），这两家在深紫外线（DUV，光源波长比EUV长）的光刻技术上能与ASML竞争，但ASML作为企业龙头，在DUV光刻领域，也拥有62％的市场份额。\n目前，虽然只有ASML一家能生产EUV光刻机，但由于其技术过于复杂，也需要与业内的半导体设备厂商和科研机构合作，才能生产出未来需要的更先进EUV设备。\n例如，不久前，东京电子（TEL）宣布，向imec-ASML联合高 NA EUV 研究实验室推出其领先的涂布机，该设备将与 ASML 的下一代高NA EUV光刻系统NXE:5000 集成。\n与传统的 EUV 光刻相比，高 NA EUV 光刻有望提供更先进的图案缩放解决方案。被引入联合高 NA 实验室的涂布机/显影剂将具有先进的功能，不仅与广泛使用的化学放大抗蚀剂和底层兼容，而且还与旋涂含金属抗蚀剂兼容。旋涂含金属抗蚀剂已表现出高分辨率和高抗蚀刻性，有望实现更精细的图案化。然而，含金属的抗蚀剂还需要精密的图案尺寸控制以及芯片背面和斜面的金属污染控制。为了应对这些挑战，安装在联合高 NA 实验室的涂布机/显影剂配备了能够处理含金属抗蚀剂的前沿工艺模块。\n结合新的工艺模块，TEL Coater/Developer 的单个单元可以在线处理多种材料，包括化学放大抗蚀剂、含金属抗蚀剂和底层。这将实现灵活的晶圆厂运营。\n今年下半年，ASML推出了最新0.33数值孔径EUV光刻机NXE：3600D，每小时曝光产量（throughput）预估可提升至160片，2023年再推出NXE：3800E可将每小时曝光产量提升到195～220片。\n至于0.55高数值孔径的下一代EUV技术预计2025年后进入量产，支援1.5nm及1nm逻辑制程，以及最先进的DRAM制程。\n在今年第二季度的电话会议上，ASML 首席执行官 Peter Wennink 表示，该公司计划今年生产约40台EUV光刻机，并将在2022 年扩大到55台，2023 年将产量增加到60台。\n要生产EUV设备，ASML需要从德国蔡司公司采购系统所需的镜头，然而，它每年可以采购的镜头数量有限，这导致系统的交货时间很长。对此，Peter Wennink表示，该公司的EUV设备交付周期也将从之前的18至24个月缩短至12至 18个月。\nWennink 表示，其三大 DRAM 客户都计划使用 EUV 进行量产。到 2021 年，这些公司预计将总共花费 12 亿欧元来购买 EUV 系统。他补充说，未来向这些公司的 EUV 出货量将增加。\nASML已经开始生产其NXE 3600D新型EUV设备，与之前的3400C相比，该系统的生产率提高了15%到20%，覆盖率提高了30%。\n今年第二季度，ASML的销售额为40亿欧元，净利润为10亿欧元，比2020年第二季度分别增长20%和38%。该公司的订单与上一季度相比增长了 75%，达到 83 亿欧元，其中 49 亿欧元用于EUV设备。\n韩国占ASML销售额的39%，其次是中国台湾的35%。该公司预计2021年的销售额将比 2020年增长35%。\n结语\n随着芯片制程工艺的提升，台积电和三星已采购大量EUV光刻机，存储芯片制造商SK海力士也已开始采用EUV光刻机，未来5年也将大幅增加采购量，美光科技也计划在2024年开始使用EUV设备。\n四大芯片厂大量采购EUV设备，意味这该类光刻机的应用比例在未来几年将大幅提升，并逐渐占据主导地位。ASML的一名高管在一次EUV光刻机生态系统会议上表示，预计到2025年，全球晶圆厂运行的光刻机中，EUV设备所占比例将超过60%。","news_type":1,"symbols_score_info":{"EWT":0.9,"TSM":0.9,"INTC":0.9,"TWmain":0.9,"TEL":0.9,"03145":0.9}},"isVote":1,"tweetType":1,"viewCount":2389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009999523,"gmtCreate":1640407528573,"gmtModify":1676533519994,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009999523","repostId":"2194017966","repostType":4,"isVote":1,"tweetType":1,"viewCount":2639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000467963,"gmtCreate":1640267694889,"gmtModify":1676533513312,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000467963","repostId":"1193043649","repostType":4,"repost":{"id":"1193043649","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":1640266303,"share":"https://ttm.financial/m/news/1193043649?lang=en_US&edition=fundamental","pubTime":"2021-12-23 21:31","market":"us","language":"zh","title":"205,000 U.S. initial jobless claims last week","url":"https://stock-news.laohu8.com/highlight/detail?id=1193043649","media":"老虎资讯综合","summary":"12月23日，美国上周首次申领失业救济人数为20.5万人，预估为20.5万人，前值为20.6万人。\n机构评美国上周初请失业金人数数据：美国上周初请失业金人数变动不大，暗示随着就业市场继续复苏，裁员人数","content":"<p>On December 23, the number of people applying for unemployment benefits for the first time in the United States last week was 205,000, compared with the estimate of 205,000, and the previous value of 206,000.</p><p>Agency comments on data on the number of initial jobless claims in the United States last week: The number of initial jobless claims in the United States changed little last week, suggesting that as the job market continues to recover, the number of layoffs is at a historically low level. The data was largely unchanged from the previous week. The report highlights low job losses in recent months as employers focus on attracting and retaining employees to keep pace with consumer demand. Claims for unemployment benefits are broadly in line with pre-pandemic levels, reflecting a tight U.S. labor market. Still, rising Covid cases pose a risk to hiring prospects as the Omicron strain spreads.</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>205,000 U.S. initial jobless claims last week</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\">\n205,000 U.S. initial jobless claims last week\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\">2021-12-23 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 23, the number of people applying for unemployment benefits for the first time in the United States last week was 205,000, compared with the estimate of 205,000, and the previous value of 206,000.</p><p>Agency comments on data on the number of initial jobless claims in the United States last week: The number of initial jobless claims in the United States changed little last week, suggesting that as the job market continues to recover, the number of layoffs is at a historically low level. The data was largely unchanged from the previous week. The report highlights low job losses in recent months as employers focus on attracting and retaining employees to keep pace with consumer demand. Claims for unemployment benefits are broadly in line with pre-pandemic levels, reflecting a tight U.S. labor market. Still, rising Covid cases pose a risk to hiring prospects as the Omicron strain spreads.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5712911a97692958e444016d45d93118","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193043649","content_text":"12月23日，美国上周首次申领失业救济人数为20.5万人，预估为20.5万人，前值为20.6万人。\n机构评美国上周初请失业金人数数据：美国上周初请失业金人数变动不大，暗示随着就业市场继续复苏，裁员人数处于历史低位。该数据与前一周基本持平。该报告凸显出近几个月失业人数较低，因雇主专注于吸引和留住员工，以跟上消费者需求的步伐。申请失业金人数与疫情前的水平大体一致，反映了美国劳动力市场的紧张。尽管如此，随着奥密克戎毒株的传播，新冠病例的增加对招聘前景构成了风险。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000630885,"gmtCreate":1640139917747,"gmtModify":1676533503221,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000630885","repostId":"2193165623","repostType":4,"repost":{"id":"2193165623","kind":"news","pubTimestamp":1640139189,"share":"https://ttm.financial/m/news/2193165623?lang=en_US&edition=fundamental","pubTime":"2021-12-22 10:13","market":"sh","language":"zh","title":"Mogujie laid off 80% of its employees! The big changes in live broadcast e-commerce have just begun!","url":"https://stock-news.laohu8.com/highlight/detail?id=2193165623","media":"电商报","summary":"继爱奇艺、快手年底大裁员之后，蘑菇街也传出裁员消息。蘑菇街裁员的同时，直播一姐薇娅则因为偷税被罚13亿，遭到全网封杀。去年4月，蘑菇街也曾经历一轮14%的裁员，人数高达140人。彼时，蘑菇街员工为1000人左右，其中还包含300名客服。根据蘑菇街当时的说法，裁员主要有两个目的：一是聚焦直播电商业务，二是应对新冠冲击，聚拢资源，开源节流。2016年，蘑菇街上线直播模式。至此，直播电商将迎来重要转折点。","content":"<p>1. 80% of the employees will be laid off, and Mogujie will spend the winter!</p><p>Following the major layoffs at iQiyi and Kuaishou at the end of the year,<a href=\"https://laohu8.com/S/MOGU\">Mushroom Street</a>There are also news of layoffs. Compared with iQiyi's 20% to 40% and Kuaishou's 30%, Mushroom has directly made a big move-80% layoffs in technical positions, and other positions also have layoffs of different scales.</p><p><img src=\"https://static.tigerbbs.com/0ec317ab6daa3ffa89c499e230ed6298\" tg-width=\"514\" tg-height=\"880\" referrerpolicy=\"no-referrer\">At the same time as Mogujie laid off employees, Wei Ya, the first sister of the live broadcast, was fined 1.3 billion for tax evasion and was banned by the entire network. Overnight, the whole live broadcast industry has changed rapidly.</p><p>On the surface, the above two things are not substantially related. However, from the fall of Wei Ya and directly letting employees go home to rest, to the large-scale layoffs in Mogujie, it seems to indicate that the entire e-commerce industry has entered a period of pain.</p><p>However, compared with the sudden collapse of the first sister Wei Ya, Mogujie has been breathing for many years.</p><p>In April last year, Mogujie also experienced a round of 14% layoffs, with the number as high as 140 people. At that time, Mogujie had about 1,000 employees, including 300 customer service staff.</p><p>Regarding this round of layoffs, Mogujie said: \"It's one-time, and there will be no large-scale layoffs in the future.\" According to Mogujie's statement at the time, layoffs have two main purposes: one is to focus on the live e-commerce business, and the other is to deal with the impact of the new crown, gather resources, increase revenue and reduce expenditure.</p><p>But man's calculation is not as good as heaven's calculation. In just over a year, the number of employees has shrunk again. Behind the crazy layoffs is actually the shrinking e-commerce business and the hopelessness of strategic transformation.</p><p>In the capital market, the performance of Mogujie is even more difficult to describe. Since its listing in 2018, Mushroom has been repeatedly evaluated as \"the worst Chinese concept stock\" and \"penny stock\". This year alone, its stock price has also fallen from US $2.24 at the beginning of the year to US $0.41 today, with a total market value of only 41.01 million, a 98% reduction from the peak valuation of US $3 billion.</p><p>At the beginning of July last year, relying on the temporary life-saving straw of live broadcast e-commerce, Mushroom Home once ushered in a 104.8% rise against the trend, but it was only a flash in the pan after all.</p><p>After a year of adjustment, from one trough to another, there are fewer and fewer opportunities left for Mogujie!</p><p>2. Mogujie is originally the \"predecessor\" of Wei Ya and Li Jiaqi!</p><p>Seeing him build a tall building, seeing his building collapse. Coincidentally, Mogujie, Wei Ya and Li Jiaqi do the same thing and earn the same kind of money, but their fates are very different.</p><p>In 2011, Wei Ya was still engaged in offline clothing store business, but Mogujie has started as a fashion information sharing community, attracting countless young women who are interested in fashion.</p><p>In the following two years, with the help of the shopping guide mode, Mogujie linked consumers and goods on Taobao through exquisite copywriting and pictures, breaking the barrier between people and goods, and successfully building a set of emerging e-commerce shopping guide mode.</p><p>From 2013 to 2014, it was the most brilliant two years of Mogujie, with over 100 million daily page views and a lot of commission from Taobao. The data shows that in 2012, 10% of Taobao's traffic came from Mushroom Street and Meilishuo, while the shopping guide website took 600 million from Taobao.</p><p>However, the good times didn't last long. By 2014, Taobao issued a paper ban, and the shopping guide business in Mogujie came to an abrupt end. The reason why Taobao blocked Mogujie is very simple, and it doesn't want to be subject to the entrance of third-party platforms.</p><p>From this perspective, the relationship between current e-commerce anchors and brands is similar to that of early Mogujie and Taobao. The difference is that there are only a few e-commerce platforms, and Taobao has the confidence to cut off the traffic of Mogujie. However, brand competition has always been fierce, and big anchors with tens of millions of fans occupy the dominant voice, which also contributes to the arrogance of top anchors.</p><p>What is embarrassing is that Mogujie was also the first batch of pioneers and pioneers of the popular live broadcast mode.</p><p>After being blocked for 14 years, Mogujie started a self-help mode, first transforming into a vertical women's clothing e-commerce.</p><p>In 2016, Mushroom Street was broadcast live online. The earliest live broadcast only showed clothing and answered questions, and did not involve transactions. It was not until later that Mogujie slowly joined the e-commerce section. We are familiar with coupons, gifts, lottery, chat and other functions also appeared in this period.</p><p>The earliest batch of online celebrity anchors, Sydney and Zhang Dayi's online celebrity live broadcast myth also began to rise, and Li Jiaqi and Wei Ya also entered the live broadcast ranks on this occasion. Everyone knows the later story. Zhang Dayi Ruhan went public and then delisted. Both Sydney and Wei Ya were banned from the entire network for tax evasion, leaving only Li Jiaqi.</p><p>In terms of business model alone, what Mogujie does is basically the same as that of Wei Ya and Li Jiaqi, and the Mogujie app is equivalent to taking out Taobao live broadcast.</p><p>However, it's easy to enjoy the cool under the big tree, but Mushroom Street has never grown into a big tree. On the contrary, it relied on the big tree of Taobao from the beginning, and then grew independently in the later stage of transformation. After all, it was shrinking day by day due to malnutrition.</p><p>It is rather embarrassing that in 2016, Mogujie ranked fourth in the field of e-commerce, ranking behind Taobao, JD.COM and Vipshop. But now, Taobao is still the same Taobao, but Mogujie seems to have become a forgotten past.</p><p>If it weren't for layoffs, who would still remember the \"first fashion e-commerce stock\"?</p><p>3. Live broadcast e-commerce has changed dramatically. Is there still a chance for Mogujie?</p><p>Recently, the big shock in the e-commerce industry has been jaw-dropping.</p><p>First, Sydney Lin Shanshan Taobao was blocked by the whole network; Then Wei Ya was exposed to tax evasion and fined 1.3 billion, which refreshed the public's three views, and Wei Ya was also banned by the entire network. The successive falls of Wei Ya and Sydney have also caused the entire live broadcast industry to be jittery.</p><p>At this point, live e-commerce will usher in an important turning point.</p><p>There are two of the top three anchors in Taobao, which will cause heavy losses to Taobao live broadcast. Next, there may be a new round of live streaming diversion. When a whale falls, all things are born, and there are more opportunities for mid-waist anchors, and the big anchors that have withstood the test continue to occupy most of the attention of consumers.</p><p>At the same time, live broadcast e-commerce will no longer have the grand occasion of the past.</p><p>First of all, consumers' trust in anchors collapsed on a large scale. In the past, consumers chose live shopping, first because it was cheap, and second because they trusted the anchor. However, the Wei Ya and Sydney incidents made the public see the true face of the anchor. On the surface, the overnight live broadcast helped consumers save money, but in fact, the annual income of billions was not satisfied. When the top anchors are caught in tax evasion scandals one after another, the public will only question the entire industry.</p><p>Furthermore, brand self-broadcasting has finally ushered in spring. After the rise of big anchors, the most injured thing is the brand. In order to get to the head live broadcast room, countless brands are losing money and making money, constantly being lowered in price, and they have to share it with the anchor. However, with the collapse of the anchor trust chain, e-commerce live broadcast has gradually returned to its essence, and displaying products and communicating with consumers have become the main tasks.</p><p>As for Mogujie, which focuses on live broadcast e-commerce, there are neither big anchors nor high-quality big brand resources, and the industry is turbulent. I'm afraid this and the last life-saving straw can't be grasped!</p>","source":"lsy1593485554099","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>Mogujie laid off 80% of its employees! The big changes in live broadcast e-commerce have just begun!</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\">\nMogujie laid off 80% of its employees! The big changes in live broadcast e-commerce have just begun!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">电商报</strong><span class=\"h-time small\">2021-12-22 10:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>1. 80% of the employees will be laid off, and Mogujie will spend the winter!</p><p>Following the major layoffs at iQiyi and Kuaishou at the end of the year,<a href=\"https://laohu8.com/S/MOGU\">Mushroom Street</a>There are also news of layoffs. Compared with iQiyi's 20% to 40% and Kuaishou's 30%, Mushroom has directly made a big move-80% layoffs in technical positions, and other positions also have layoffs of different scales.</p><p><img src=\"https://static.tigerbbs.com/0ec317ab6daa3ffa89c499e230ed6298\" tg-width=\"514\" tg-height=\"880\" referrerpolicy=\"no-referrer\">At the same time as Mogujie laid off employees, Wei Ya, the first sister of the live broadcast, was fined 1.3 billion for tax evasion and was banned by the entire network. Overnight, the whole live broadcast industry has changed rapidly.</p><p>On the surface, the above two things are not substantially related. However, from the fall of Wei Ya and directly letting employees go home to rest, to the large-scale layoffs in Mogujie, it seems to indicate that the entire e-commerce industry has entered a period of pain.</p><p>However, compared with the sudden collapse of the first sister Wei Ya, Mogujie has been breathing for many years.</p><p>In April last year, Mogujie also experienced a round of 14% layoffs, with the number as high as 140 people. At that time, Mogujie had about 1,000 employees, including 300 customer service staff.</p><p>Regarding this round of layoffs, Mogujie said: \"It's one-time, and there will be no large-scale layoffs in the future.\" According to Mogujie's statement at the time, layoffs have two main purposes: one is to focus on the live e-commerce business, and the other is to deal with the impact of the new crown, gather resources, increase revenue and reduce expenditure.</p><p>But man's calculation is not as good as heaven's calculation. In just over a year, the number of employees has shrunk again. Behind the crazy layoffs is actually the shrinking e-commerce business and the hopelessness of strategic transformation.</p><p>In the capital market, the performance of Mogujie is even more difficult to describe. Since its listing in 2018, Mushroom has been repeatedly evaluated as \"the worst Chinese concept stock\" and \"penny stock\". This year alone, its stock price has also fallen from US $2.24 at the beginning of the year to US $0.41 today, with a total market value of only 41.01 million, a 98% reduction from the peak valuation of US $3 billion.</p><p>At the beginning of July last year, relying on the temporary life-saving straw of live broadcast e-commerce, Mushroom Home once ushered in a 104.8% rise against the trend, but it was only a flash in the pan after all.</p><p>After a year of adjustment, from one trough to another, there are fewer and fewer opportunities left for Mogujie!</p><p>2. Mogujie is originally the \"predecessor\" of Wei Ya and Li Jiaqi!</p><p>Seeing him build a tall building, seeing his building collapse. Coincidentally, Mogujie, Wei Ya and Li Jiaqi do the same thing and earn the same kind of money, but their fates are very different.</p><p>In 2011, Wei Ya was still engaged in offline clothing store business, but Mogujie has started as a fashion information sharing community, attracting countless young women who are interested in fashion.</p><p>In the following two years, with the help of the shopping guide mode, Mogujie linked consumers and goods on Taobao through exquisite copywriting and pictures, breaking the barrier between people and goods, and successfully building a set of emerging e-commerce shopping guide mode.</p><p>From 2013 to 2014, it was the most brilliant two years of Mogujie, with over 100 million daily page views and a lot of commission from Taobao. The data shows that in 2012, 10% of Taobao's traffic came from Mushroom Street and Meilishuo, while the shopping guide website took 600 million from Taobao.</p><p>However, the good times didn't last long. By 2014, Taobao issued a paper ban, and the shopping guide business in Mogujie came to an abrupt end. The reason why Taobao blocked Mogujie is very simple, and it doesn't want to be subject to the entrance of third-party platforms.</p><p>From this perspective, the relationship between current e-commerce anchors and brands is similar to that of early Mogujie and Taobao. The difference is that there are only a few e-commerce platforms, and Taobao has the confidence to cut off the traffic of Mogujie. However, brand competition has always been fierce, and big anchors with tens of millions of fans occupy the dominant voice, which also contributes to the arrogance of top anchors.</p><p>What is embarrassing is that Mogujie was also the first batch of pioneers and pioneers of the popular live broadcast mode.</p><p>After being blocked for 14 years, Mogujie started a self-help mode, first transforming into a vertical women's clothing e-commerce.</p><p>In 2016, Mushroom Street was broadcast live online. The earliest live broadcast only showed clothing and answered questions, and did not involve transactions. It was not until later that Mogujie slowly joined the e-commerce section. We are familiar with coupons, gifts, lottery, chat and other functions also appeared in this period.</p><p>The earliest batch of online celebrity anchors, Sydney and Zhang Dayi's online celebrity live broadcast myth also began to rise, and Li Jiaqi and Wei Ya also entered the live broadcast ranks on this occasion. Everyone knows the later story. Zhang Dayi Ruhan went public and then delisted. Both Sydney and Wei Ya were banned from the entire network for tax evasion, leaving only Li Jiaqi.</p><p>In terms of business model alone, what Mogujie does is basically the same as that of Wei Ya and Li Jiaqi, and the Mogujie app is equivalent to taking out Taobao live broadcast.</p><p>However, it's easy to enjoy the cool under the big tree, but Mushroom Street has never grown into a big tree. On the contrary, it relied on the big tree of Taobao from the beginning, and then grew independently in the later stage of transformation. After all, it was shrinking day by day due to malnutrition.</p><p>It is rather embarrassing that in 2016, Mogujie ranked fourth in the field of e-commerce, ranking behind Taobao, JD.COM and Vipshop. But now, Taobao is still the same Taobao, but Mogujie seems to have become a forgotten past.</p><p>If it weren't for layoffs, who would still remember the \"first fashion e-commerce stock\"?</p><p>3. Live broadcast e-commerce has changed dramatically. Is there still a chance for Mogujie?</p><p>Recently, the big shock in the e-commerce industry has been jaw-dropping.</p><p>First, Sydney Lin Shanshan Taobao was blocked by the whole network; Then Wei Ya was exposed to tax evasion and fined 1.3 billion, which refreshed the public's three views, and Wei Ya was also banned by the entire network. The successive falls of Wei Ya and Sydney have also caused the entire live broadcast industry to be jittery.</p><p>At this point, live e-commerce will usher in an important turning point.</p><p>There are two of the top three anchors in Taobao, which will cause heavy losses to Taobao live broadcast. Next, there may be a new round of live streaming diversion. When a whale falls, all things are born, and there are more opportunities for mid-waist anchors, and the big anchors that have withstood the test continue to occupy most of the attention of consumers.</p><p>At the same time, live broadcast e-commerce will no longer have the grand occasion of the past.</p><p>First of all, consumers' trust in anchors collapsed on a large scale. In the past, consumers chose live shopping, first because it was cheap, and second because they trusted the anchor. However, the Wei Ya and Sydney incidents made the public see the true face of the anchor. On the surface, the overnight live broadcast helped consumers save money, but in fact, the annual income of billions was not satisfied. When the top anchors are caught in tax evasion scandals one after another, the public will only question the entire industry.</p><p>Furthermore, brand self-broadcasting has finally ushered in spring. After the rise of big anchors, the most injured thing is the brand. In order to get to the head live broadcast room, countless brands are losing money and making money, constantly being lowered in price, and they have to share it with the anchor. However, with the collapse of the anchor trust chain, e-commerce live broadcast has gradually returned to its essence, and displaying products and communicating with consumers have become the main tasks.</p><p>As for Mogujie, which focuses on live broadcast e-commerce, there are neither big anchors nor high-quality big brand resources, and the industry is turbulent. I'm afraid this and the last life-saving straw can't be grasped!</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.dsb.cn/170690.html\">电商报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad7c36ea6368383acebe49bdefacf9b5","relate_stocks":{"MOGU":"蘑菇街"},"source_url":"https://www.dsb.cn/170690.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193165623","content_text":"一、裁员80%，蘑菇街过冬！\n继爱奇艺、快手年底大裁员之后，蘑菇街也传出裁员消息。相较于爱奇艺的20%到40%、快手的30%，蘑菇家直接放了个大招——技术岗位裁员80%，其他岗位也有不同规模的裁员。\n蘑菇街裁员的同时，直播一姐薇娅则因为偷税被罚13亿，遭到全网封杀。一夕之间，整个直播行业风云变幻。\n表面看，以上两件事并无实质关联。然而，从薇娅倒台直接让员工回家休息，再到蘑菇街出现大规模裁员，似乎都预示着整个电商行业进入阵痛期。\n只不过，相较于一姐薇娅的轰然倒塌，蘑菇街则残喘多年。\n去年4月，蘑菇街也曾经历一轮14%的裁员，人数高达140人。彼时，蘑菇街员工为1000人左右，其中还包含300名客服。\n对于这一轮裁员，蘑菇街方面表示：“一次性的，后续不会出现规模性裁员。”根据蘑菇街当时的说法，裁员主要有两个目的：一是聚焦直播电商业务，二是应对新冠冲击，聚拢资源，开源节流。\n可人算不如天算，短短一年多时间，员工数量再次大缩水。疯狂裁员背后，实则是电商业务的日益萎缩以及战略转型的无望。\n资本市场，蘑菇街的表现更是一言难尽。从2018年上市，蘑菇家多次被评价为“最惨中概股”、“仙股”。单说今年，其股价也从年初的2.24美元跌至如今的0.41美元，总市值仅剩4101万，较巅峰时期的30亿美元估值缩水98%。\n去年7月初，靠着直播电商这根临时救命稻草，蘑菇家也一度迎来104.8%的逆势上涨，可终究只是昙花一现。\n经历了一年的调整，从一个低谷到另一重险境，留给蘑菇街的机会越来越少了！\n二、蘑菇街，本是薇娅、李佳琦的“前辈”！\n眼见他起高楼，眼见他楼塌了。巧合得是，蘑菇街和薇娅、李佳琦做的是同一件事、赚的是同一类钱，但命运却大有不同。\n2011年，薇娅还在做线下服装店生意，但蘑菇街已经靠时尚信息分享社区起家，网罗了无数对时尚感兴趣的年轻女性。\n在之后的两年里，蘑菇街借助导购模式，通过精美的文案和图片，链接起消费者和淘宝上的商品，打破了人和货之间的隔阂，成功构建起一套新兴的电商导购模式。\n2013年到2014年，是蘑菇街最辉煌的两年，日浏览量过亿，从淘宝赚走了大把佣金。数据显示，2012年淘宝有10%的流量来自蘑菇街和美丽说，而导购网站从淘宝分走了6亿。\n然而，好景不长。到了2014年，淘宝一纸封杀令，蘑菇街的导购生意戛然而止。淘宝封杀蘑菇街的原因很简单，不想受制于第三方平台入口。\n从这个角度看，现在的电商主播和品牌之间的关系，类似于早期的蘑菇街和淘宝。不同的是，电商平台只有那么几个，淘宝有斩断蘑菇街流量的底气。但品牌竞争向来惨烈，坐拥千万粉丝的大主播占据主导话语权，所以也助长了头部主播的气焰。\n令人唏嘘的是，后来盛行的直播带货模式，蘑菇街也是最早一批的开创者和先行者。\n14年被封之后，蘑菇街开启自救模式，先是转型垂直类女装电商。\n2016年，蘑菇街上线直播模式。最早的直播，也仅仅是展示服装、问题解答，并没有涉及交易环节。直到后来，蘑菇街才慢慢加入电商版块。我们熟知的优惠券、礼物、抽奖、聊天等功能，也是出现于该时期。\n最早的一批网红主播，雪梨、张大奕的网红直播神话也开始兴起，李佳琦、薇娅也值此之际迈入直播行列。后来的故事大家都知道了，张大奕如涵上市又退市，雪梨和薇娅都因为逃税遭到全网封杀，唯独剩下李佳琦一根独苗。\n单从业务模式上而言，蘑菇街做的事跟薇娅、李佳琦基本一致，而蘑菇街app就相当于把淘宝直播单拎出来。\n只不过，大树底下好乘凉，但蘑菇街始终没长成一棵大树。相反，它从一开始靠着淘宝这颗大树，再到后期转型自主生长，终究是因为营养不良而日益萎缩。\n颇为唏嘘的是，2016年蘑菇街还是电商领域的第四名，位列淘宝、京东、唯品会之后。可如今，淘宝还是那个淘宝，但蘑菇街似乎已经成为被人遗忘的过去。\n如果不是因为裁员，谁还记得曾经的“时尚电商第一股”呢？\n三、直播电商巨变，蘑菇街还有机会吗？\n近段时间，电商行业的大震动令人瞠目结舌。\n先是雪梨林珊珊淘宝，遭到全网封杀；紧接着薇娅被爆逃税被罚13亿，刷新大众三观，薇娅也遭到全网封杀。薇娅和雪梨的接连倒台，也让整个直播行业风声鹤唳。\n至此，直播电商将迎来重要转折点。\n淘宝排名前三的主播没了两个，这将给淘宝直播造成重创。接下来，可能会出现新一轮直播分流。一鲸落万物生，中腰部主播机会多了，经受过考验的大主播继续占据大部分消费者注意力。\n同时，直播电商也不会再有往日的盛况了。\n首先，消费者对主播的信任大面积崩盘。过去，消费者选择直播购物，一是因为便宜，二是出于对主播的信任。但薇娅和雪梨事件，让大众看到了主播的真实嘴脸，表面通宵直播帮消费者省钱，实则年入几十亿还不知足。当头部大主播都相继陷入偷税丑闻，大众质疑的只会是整个行业。\n再者，品牌自播终于迎来春天。大主播崛起之后，最受伤的要属品牌。为了上头部直播间，无数品牌赔本赚吆喝，不断被压价，还要给主播分成。但随着主播信任链的崩盘，电商直播逐渐回归本质，展示商品、与消费者沟通成为主要任务。\n至于主打直播电商的蘑菇街，既没有大主播、也没有优质的大品牌资源、加之行业动荡，这跟最后的救命稻草恐怕也抓不住了！","news_type":1,"symbols_score_info":{"MOGU":0.9}},"isVote":1,"tweetType":1,"viewCount":1978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000830286,"gmtCreate":1640078103432,"gmtModify":1676533500246,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000830286","repostId":"1110282533","repostType":4,"repost":{"id":"1110282533","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":1640077291,"share":"https://ttm.financial/m/news/1110282533?lang=en_US&edition=fundamental","pubTime":"2021-12-21 17:01","market":"us","language":"zh","title":"Performance is better than expected! Micron Technology rose more than 7% before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1110282533","media":"老虎资讯综合","summary":"12月21日，美光科技盘前涨超7%，Q1营收同比增长33%，净利润同比增长超180%\n\n从财报来看，在截至12月2日的2022财年的第一财季，美光科技营收76.87亿美元，较上一财年同期的57.73亿","content":"<p>December 21st,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It rose more than 7% before the market, Q1 revenue increased by 33% year-on-year, and net profit increased by more than 180% year-on-year</p><p><img src=\"https://static.tigerbbs.com/d29f0fa23ddcfda31fa259fe191f240b\" tg-width=\"889\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p>Judging from the financial report, in the first fiscal quarter of fiscal year 2022 ending December 2, Micron Technology's revenue was US $7.687 billion, an increase of US $1.914 billion from US $5.773 billion in the same period of the previous fiscal year, a year-on-year increase of 33%; It decreased by US $587 million from US $8.274 billion in the previous fiscal quarter, and a quarter-on-quarter decrease of 7.1%.</p><p>In terms of gross profit, the financial report showed that it was US $3.565 billion under US GAAP, compared with US $1.736 billion in the same period of the previous fiscal year, doubling year-on-year, but not as good as the US $3.912 billion in the previous fiscal quarter; Non-GAAP was US $3.616 billion, double the US $1.784 billion in the same period of the previous fiscal year, but not as good as the US $3.964 billion in the previous fiscal quarter.</p><p>In terms of gross profit margin, the financial report showed that it was 46.4% under US GAAP, an increase of 16.3 percentage points from 30.1% in the same period of the previous fiscal year, and a decrease of 0.9 percentage points from 47.3% in the previous fiscal quarter; Under non-GAAP, it was 47%, which was also an increase year-on-year and a slight decline month-on-month.</p><p>In terms of net profit, it was US $2.306 billion under US GAAP, an increase of US $1.503 billion from US $803 million in the same period of the previous fiscal year, a year-on-year increase of 187%, but not as good as US $2.72 billion in the previous fiscal quarter, a quarter-on-quarter decrease of 15.2%; Under non-GAAP accounting standards, it was US $2.471 billion, which was also a significant year-on-year increase and a significant month-on-month decline.</p><p>For the next fiscal quarter, Micron Technology expects revenue to be US $7.5 billion in its financial report, up and down by US $200 million, that is, it is expected to be US $7.3-7.7 billion. The gross profit margin under US GAAP is expected to be 45%, up and down. 1 percentage point.</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>Performance is better than expected! Micron Technology rose more than 7% before the market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPerformance is better than expected! Micron Technology rose more than 7% before the market\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\">2021-12-21 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>December 21st,<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>It rose more than 7% before the market, Q1 revenue increased by 33% year-on-year, and net profit increased by more than 180% year-on-year</p><p><img src=\"https://static.tigerbbs.com/d29f0fa23ddcfda31fa259fe191f240b\" tg-width=\"889\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p>Judging from the financial report, in the first fiscal quarter of fiscal year 2022 ending December 2, Micron Technology's revenue was US $7.687 billion, an increase of US $1.914 billion from US $5.773 billion in the same period of the previous fiscal year, a year-on-year increase of 33%; It decreased by US $587 million from US $8.274 billion in the previous fiscal quarter, and a quarter-on-quarter decrease of 7.1%.</p><p>In terms of gross profit, the financial report showed that it was US $3.565 billion under US GAAP, compared with US $1.736 billion in the same period of the previous fiscal year, doubling year-on-year, but not as good as the US $3.912 billion in the previous fiscal quarter; Non-GAAP was US $3.616 billion, double the US $1.784 billion in the same period of the previous fiscal year, but not as good as the US $3.964 billion in the previous fiscal quarter.</p><p>In terms of gross profit margin, the financial report showed that it was 46.4% under US GAAP, an increase of 16.3 percentage points from 30.1% in the same period of the previous fiscal year, and a decrease of 0.9 percentage points from 47.3% in the previous fiscal quarter; Under non-GAAP, it was 47%, which was also an increase year-on-year and a slight decline month-on-month.</p><p>In terms of net profit, it was US $2.306 billion under US GAAP, an increase of US $1.503 billion from US $803 million in the same period of the previous fiscal year, a year-on-year increase of 187%, but not as good as US $2.72 billion in the previous fiscal quarter, a quarter-on-quarter decrease of 15.2%; Under non-GAAP accounting standards, it was US $2.471 billion, which was also a significant year-on-year increase and a significant month-on-month decline.</p><p>For the next fiscal quarter, Micron Technology expects revenue to be US $7.5 billion in its financial report, up and down by US $200 million, that is, it is expected to be US $7.3-7.7 billion. The gross profit margin under US GAAP is expected to be 45%, up and down. 1 percentage point.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a1a8c5698b6f32ee1637556a15bb35b","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4527":"明星科技股","BK4512":"苹果概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4553":"喜马拉雅资本持仓","BK4566":"资本集团","MU":"美光科技","BK4141":"半导体产品","BK4554":"元宇宙及AR概念"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110282533","content_text":"12月21日，美光科技盘前涨超7%，Q1营收同比增长33%，净利润同比增长超180%\n\n从财报来看，在截至12月2日的2022财年的第一财季，美光科技营收76.87亿美元，较上一财年同期的57.73亿美元增加19.14亿美元，同比增长33%；较上一财季的82.74亿美元减少5.87亿美元，环比下滑7.1%。\n毛利润方面，财报显示在美国通用会计准则下为35.65亿美元，上一财年同期为17.36亿美元，同比翻番，但不及上一财季的39.12亿美元；非美国通用会计准则下为36.16亿美元，较上一财年同期的17.84亿美元也翻番，但也不及上一财季的39.64亿美元。\n毛利润率方面，财报显示在美国通用会计准则下为46.4%，较上一财年同期的30.1%提升16.3个百分点，较上一财季的47.3%下滑0.9个百分点；非美国通用会计准则下为47%，也是同比有提升，环比略有下滑。\n净利润方面，在美国通用会计准则下为23.06亿美元，较上一财年同期的8.03亿美元增加15.03亿美元，同比大增187%，但不及上一财季的27.2亿美元，环比下滑15.2%；非美国通用会计准则下为24.71亿美元，也是同比大幅增加，环比明显下滑。\n对于下一财季，美光科技在财报中预计营收75亿美元，上下浮动2亿美元，也就是预计在73-77亿美元，美国通用会计准则下的毛利润率预计为45%，上下浮动1个百分点。","news_type":1,"symbols_score_info":{"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":1429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000108243,"gmtCreate":1639977802277,"gmtModify":1676533497153,"author":{"id":"3582212677594923","authorId":"3582212677594923","name":"Diaschy86","avatar":"https://static.tigerbbs.com/023e36d76d8f4434c4ca55ea9d316933","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582212677594923","idStr":"3582212677594923"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000108243","repostId":"1162181744","repostType":4,"repost":{"id":"1162181744","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":1639977228,"share":"https://ttm.financial/m/news/1162181744?lang=en_US&edition=fundamental","pubTime":"2021-12-20 13:13","market":"hk","language":"zh","title":"Market Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1162181744","media":"老虎资讯综合","summary":"2021年圣诞节假期即将来临，部分交易所的早市开市和收市时间有所变动，敬请各位投资者密切留意。圣诞节，基督教纪念耶稣诞生的重要节日。亦称耶稣圣诞节、主降生节，天主教亦称耶稣圣诞瞻礼。有人认为选择这天庆祝圣诞，是因为基督教徒认为耶稣就是正义、永恒的太阳。现在西方在圣诞节常互赠礼物，举行欢宴，并以圣诞老人、圣诞树等增添节日气氛，已成为普遍习俗。圣诞节也成为西方世界以及其他很多地区的公共假日。","content":"<p>The Christmas holiday in 2021 is approaching, and the morning opening and closing times of some exchanges have changed. Investors are requested to pay close attention.</p><p><b>Christmas Holiday Closing Calendar:</b><img src=\"https://static.tigerbbs.com/fd405edf546bb274fc55527b88670174\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"><b>US stocks:</b></p><p>December 24 (Friday)<b>The market is closed all day on Christmas Eve.</b></p><p><b>Singapore:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon.</b></p><p><b>Hong Kong stocks:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon;</b></p><p>December 27 (Monday)<b>The market is closed all day.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>December 24 (Friday)<b>No service offered.</b></p><p>December 27 (Monday)<b>No service offered.</b></p><p><b>Hong Kong Stock Connect:</b></p><p>December 24 (Friday)<b>Half-day trading day, the service will be closed in the afternoon;</b></p><p>December 27 (Monday)<b>No service provided</b>。</p><p><b>Australia:</b></p><p>December 24 (Friday)<b>Early market closure;</b></p><p>December 27 (Monday)<b>Closed all day</b>；</p><p>December 28 (Tuesday)<b>Closed all day on Boxing Day.</b></p><p><b>Among them, December 25th and December 26th are closed for weekends.</b></p><p><b>Background information:</b></p><p>Christmas, an important Christian holiday to commemorate the birth of Jesus. Also known as Christmas Day and Nativity Day, Catholicism is also known as Christmas Day. The date of the birth of Jesus is not recorded in the Bible. In 336 AD, the Roman church began to celebrate this feast on December 25th. December 25th was originally the birthday of the sun god stipulated by the Roman Empire. Some people think that this day is chosen to celebrate Christmas because Christians think that Jesus is the sun of justice and eternity. After the middle of the 5th century, Christmas, as an important holiday, became a church tradition and gradually spread among the eastern and western churches. Due to different calendars and other reasons, the specific dates and forms of activities held by different sects are also different. Christmas custom spread to Asia mainly in the middle of 19th century, and Japan, South Korea, etc. were influenced by Christmas culture. Nowadays, it has become a common custom in the West to give gifts to each other, hold banquets, and add festive atmosphere with Santa Claus and Christmas trees at Christmas Day. Christmas has also become a public holiday in the western world and many other regions.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Closure Reminder: A List of Major Market Closure Arrangements for Christmas Holiday\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\">2021-12-20 13:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Christmas holiday in 2021 is approaching, and the morning opening and closing times of some exchanges have changed. Investors are requested to pay close attention.</p><p><b>Christmas Holiday Closing Calendar:</b><img src=\"https://static.tigerbbs.com/fd405edf546bb274fc55527b88670174\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"><b>US stocks:</b></p><p>December 24 (Friday)<b>The market is closed all day on Christmas Eve.</b></p><p><b>Singapore:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon.</b></p><p><b>Hong Kong stocks:</b></p><p>December 24 (Friday)<b>Half-day trading day, closed in the afternoon;</b></p><p>December 27 (Monday)<b>The market is closed all day.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>December 24 (Friday)<b>No service offered.</b></p><p>December 27 (Monday)<b>No service offered.</b></p><p><b>Hong Kong Stock Connect:</b></p><p>December 24 (Friday)<b>Half-day trading day, the service will be closed in the afternoon;</b></p><p>December 27 (Monday)<b>No service provided</b>。</p><p><b>Australia:</b></p><p>December 24 (Friday)<b>Early market closure;</b></p><p>December 27 (Monday)<b>Closed all day</b>；</p><p>December 28 (Tuesday)<b>Closed all day on Boxing Day.</b></p><p><b>Among them, December 25th and December 26th are closed for weekends.</b></p><p><b>Background information:</b></p><p>Christmas, an important Christian holiday to commemorate the birth of Jesus. Also known as Christmas Day and Nativity Day, Catholicism is also known as Christmas Day. The date of the birth of Jesus is not recorded in the Bible. In 336 AD, the Roman church began to celebrate this feast on December 25th. December 25th was originally the birthday of the sun god stipulated by the Roman Empire. Some people think that this day is chosen to celebrate Christmas because Christians think that Jesus is the sun of justice and eternity. After the middle of the 5th century, Christmas, as an important holiday, became a church tradition and gradually spread among the eastern and western churches. Due to different calendars and other reasons, the specific dates and forms of activities held by different sects are also different. Christmas custom spread to Asia mainly in the middle of 19th century, and Japan, South Korea, etc. were influenced by Christmas culture. Nowadays, it has become a common custom in the West to give gifts to each other, hold banquets, and add festive atmosphere with Santa Claus and Christmas trees at Christmas Day. Christmas has also become a public holiday in the western world and many other regions.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b0bd5f24d72744aeaebc881c2776550f","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162181744","content_text":"2021年圣诞节假期即将来临，部分交易所的早市开市和收市时间有所变动，敬请各位投资者密切留意。\n圣诞节假期休市日历：美股：\n12月24日（周五）平安夜全天休市。\n新加坡：\n12月24日（周五）半天交易日，下午休市。\n港股：\n12月24日（周五）半天交易日，下午休市；\n12月27日（周一）全天休市。\n沪股通、深股通：\n12月24日（周五）不提供服务。\n12月27日（周一）不提供服务。\n港股通：\n12月24日（周五）半天交易日，下午关闭服务；\n12月27日（周一）不提供服务。\n澳大利亚：\n12月24日（周五）提前休市；\n12月27日（周一）全天休市；\n12月28日（周二）节礼日全天休市。\n其中12月25日、12月26日为周末休市。\n背景资料：\n圣诞节，基督教纪念耶稣诞生的重要节日。亦称耶稣圣诞节、主降生节，天主教亦称耶稣圣诞瞻礼。耶稣诞生的日期，《圣经》并无记载。公元336年罗马教会开始在12月25日过此节。12月25日原是罗马帝国规定的太阳神诞辰。有人认为选择这天庆祝圣诞，是因为基督教徒认为耶稣就是正义、永恒的太阳。5世纪中叶以后，圣诞节作为重要节日，成了教会的传统，并在东西派教会中逐渐传开。因所用历法不同等原因，各教派会举行庆祝的具体日期和活动形式也有差别。圣诞节习俗传播到亚洲主要是在十九世纪中叶，日本、韩国等都受到了圣诞文化的影响。现在西方在圣诞节常互赠礼物，举行欢宴，并以圣诞老人、圣诞树等增添节日气氛，已成为普遍习俗。圣诞节也成为西方世界以及其他很多地区的公共假日。","news_type":1,"symbols_score_info":{".IXIC":0.9,"HSTECH":0.9,".SPX":0.9,"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}