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xiaochen10
xiaochen10
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2021-09-18
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xiaochen10
xiaochen10
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2021-09-17
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Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd
2021年中秋节假期即将来临!各主要市场休市安排如下:港股: 9月22日(周三)休市。9月23日(周四)起照常开市。 A股: 9月20日(周一)至9月21日(周二)休市。9月22日(周三)起照常开市。 美股、英股、澳股、新加坡股市照常交易。 沪股通和深股通: 9月17日(周五)至9月22日(周三)关闭。9月23日(周四)起照常开通。 港股通: 9月16日(周四)至9月22日(周三)关闭。9月23日(周四)起照常开通。
Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd
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xiaochen10
xiaochen10
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2021-09-12
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xiaochen10
xiaochen10
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2021-09-09
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xiaochen10
xiaochen10
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2021-09-08
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xiaochen10
xiaochen10
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2021-09-06
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@Fei2:
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xiaochen10
xiaochen10
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2021-09-05
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Is Xiaomi "Foxconnization"?
小米自诞生以来便一直强调其极致的性价比,雷军曾表示小米硬件综合利润率不超过5%,但小米生态链公司的毛利却不低。 主要是受益于代工模式,公司本身不承担制造生产成本,通过挤压代工厂利润来实现增值,与此同时
Is Xiaomi "Foxconnization"?
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xiaochen10
xiaochen10
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2021-09-03
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xiaochen10
xiaochen10
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2021-09-02
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Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%
周三,热门中概股盘中集体拉升。截至发稿,拼多多涨近9%,爱奇艺涨超8%,哔哩哔哩、新东方、滴滴涨超7%,阿里巴巴、贝壳涨4%。
Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%
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xiaochen10
xiaochen10
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2021-08-31
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Apple's stock price hits record high, with a market value of over $2.5 trillion
8月31日,苹果收涨3.04%,创下今年3月以来最大单日涨幅,报153.12美元刷新历史新高,最新总市值超25000亿美元,达25352亿美元。 据悉,新的iPhone 13将在9月份发布,其相较于去
Apple's stock price hits record high, with a market value of over $2.5 trillion
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It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" 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>Reminder: The Mid-Autumn Festival market closure arrangement is here! 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Hong Kong stocks closed on the 22nd\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\">2021-09-14 10:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100031374","content_text":"2021年中秋节假期即将来临!各主要市场休市安排如下:港股:\n9月22日(周三)休市。9月23日(周四)起照常开市。\nA股:\n9月20日(周一)至9月21日(周二)休市。9月22日(周三)起照常开市。\n美股、英股、澳股、新加坡股市照常交易。\n沪股通和深股通:\n9月17日(周五)至9月22日(周三)关闭。9月23日(周四)起照常开通。\n港股通:\n9月16日(周四)至9月22日(周三)关闭。9月23日(周四)起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888032493,"gmtCreate":1631412450512,"gmtModify":1676530542950,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Good 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10:47","market":"hk","language":"zh","title":"Is Xiaomi \"Foxconnization\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2164680809","media":"华尔街见闻","summary":"小米自诞生以来便一直强调其极致的性价比,雷军曾表示小米硬件综合利润率不超过5%,但小米生态链公司的毛利却不低。\n主要是受益于代工模式,公司本身不承担制造生产成本,通过挤压代工厂利润来实现增值,与此同时","content":"<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware really does not make money.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key product components and assembly suppliers.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</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>Is Xiaomi \"Foxconnization\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Xiaomi \"Foxconnization\"?\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\">2021-09-05 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware really does not make money.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key product components and assembly suppliers.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b\">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/ae37174cdd7bc25d06393d5c9ab63a5e","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"2164680809","content_text":"小米自诞生以来便一直强调其极致的性价比,雷军曾表示小米硬件综合利润率不超过5%,但小米生态链公司的毛利却不低。\n主要是受益于代工模式,公司本身不承担制造生产成本,通过挤压代工厂利润来实现增值,与此同时小米也赚取了分成。\n长期以来,代工龙头富士康便是通过控股方式,向产业链上游延伸,构建盈利长城。\n01\n小米低毛利是个噱头?\n小米自诞生以来便一贯强调其极致的性价比,雷军曾喊话,小米硬件综合利润率不超过5%,如有超出部分,将超出部分全部返还给用户。\n根据小米2020年财报显示,其智能手机的毛利率为8.7%,再扣除各项费用,硬件确实不赚钱。\n不仅仅是小米自己,小米生态链公司销售的米家产品的毛利率同样也不高,这主要是由合作模式决定的。\n小米生态链公司与小米的合作以成本价采购/利润分成模式为主,在该模式下,公司按照成本价格将小米定制产品销售给小米,产品在小米的各种渠道最终实现对外销售,小米再将其产生的利润按照双方约定的比例分成。\n石头科技在其招股说明书中罗列了小米生态链模式公司的毛利率,石头科技旗下米家产品的毛利率为13.58%,另一家九号智能生产的电动滑板车的毛利率为15.39%。\n\n不过近年来随着小米生态链公司相继上市,公司也在逐步寻求“去小米化”,以提升自身盈利能力。\n石头科技最新公布的半年报显示,上半年公司实现营收23.48亿元,较上年同期增长32.19%;净利润6.51亿元,较上年同期增长41.57%,销售毛利率为50.74%。\n针对业绩增长,公司给出的原因系公司逐步拓展自有品牌销售渠道,毛利较高的自有品牌产品销售额占比由86.25%提升至98.23%,同时海外业务持续扩张也使得盈利能力得到提升。\n图:石头科技销售毛利率和销售净利率\n\n数据来源:wind\n02\n毛利背后的秘密\n一方面毛利更高的自有品牌开始搭台唱戏,另一方面也得益于石头科技给自己找了两家代工厂。\n根据石头科技上市招股说明书,石头科技的产品全部采用委托加工方式进行生产,自己并无自建生产基地,2018年之前石头科技的主要代工厂为欣旺达,2018年石头科技引入东莞长城担任第二家代工厂商,但欣旺达的占比仍接近90%。\n值得一提的是,欣旺达也同样是小米手机的供应商。\n\n数据来源:石头科技招股说明书\n在石头科技的成本构成中原材料和委外加工费是大头,其本身并不承担制造生产成本,石头科技只需要做好设计和研发工作,大部分的辛苦活都交给了代工厂。\n依据微笑曲线理论,生产环节是毛利率洼地,事实也确实如此。成功将制造生产环节外包出去的石头科技的毛利率能达到50%,而欣旺达的毛利率就只有16.64%了。\n\n数据来源:石头科技招股说明书\n另根据公司股权结构,天津金米和Shunwei两家公司均是雷军的“小米系”,也就是说石头科技通过分包赚得钱小米也都是有份的。\n\n无独有偶,在另一家小米生态链公司九号智能的供应商列表中也有欣旺达的身影。\n九号智能在其招股说明书中披露,公司的产品生产主要采用自主生产和代工生产并行的模式,其中代工生产主要由欣旺达等代工厂进行,2019年代工厂生产的产品数量占比为49.75%,其中欣旺达的占比为81.13%。\n\n或许由于九号智能仍承担着一半的生产任务,其毛利率水平并没有石头科技那么瞩目,近五年的毛利率基本稳定在25%上下,不过还是要高出其代工厂约10个百分点。\n图:九号公司销售毛利率和销售净利率\n\n数据来源:wind\n上述两家小米生态链公司的经营情况揭示了小米极致性价比背后的玄机,虽然自己的硬件不挣钱,但可以通过挤压代工厂的利润来实现增值,在这一点上小米的互联网模式践行得很到位,找到供应商和代工厂合作,自己充当渠道角色从中赚取分成。\n也正因为要守住产业链的利润回流,小米对于生态链公司的供应商保留了一定的决定权。前述两家公司的招股说明书中均提到,在现有合作模式下,按约定公司在更换产品关键零部件及组装供应商时,需提前告知小米。\n03\n富士康模式?\n事实上,层层代工模式并非小米独有,代工厂鼻祖富士康早就开始在供应链环节下功夫了。\n作为全球电子产业的代工龙头,富士康的营收可以说是巨无霸级别的,2020年鸿海实现营收1.2万亿元,但其毛利率常年维持在6%左右。\n图:鸿海毛利率和净利率\n\n数据来源:wind\n想要在日益激烈的竞争中守住这微薄的利润也不容易,而富士康仰仗的便是强大的成本管控和供应链管理能力。受益于自身的规模优势,富士康向产业链上游延伸,构筑盈利长城。\n以工业富联为例,据其招股说明书显示,公司向关联方采购的PCB、连接器等零组件,以及模具等产品的占比为7.29%。\n其中原材料采购金额最大的PCB(成本占比高达40%)的供应商之一,鹏鼎便是由鸿海子公司间接控股。\n\n富士康既充当着采购者的角色,同时又是控股方,从材料到元器件等多个环节,都可以排摸到其子公司的身影。\n有了这样一层关系,即便是在毛利较高的环节,富士康也有降低报价的资本,控制了采购成本的同时还能从产业链上“淘金”。\n长期的积累之下,富士康构建起自己的供应链。根据美国资管公司普信集团(T.Rowe Price)的估算,富士康自有零件在其出厂金额中所占的比例超过30%,而另一家电子代工大厂新加坡伟创力的该比例约为10-15%。","news_type":1,"symbols_score_info":{"48657":0.9,"48708":0.9,"48717":0.9,"48730":0.9,"48754":0.9,"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812474033,"gmtCreate":1630621410222,"gmtModify":1676530356187,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812474033","repostId":"1138015825","repostType":4,"isVote":1,"tweetType":1,"viewCount":3823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816738019,"gmtCreate":1630534675131,"gmtModify":1676530329739,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816738019","repostId":"1170877267","repostType":4,"repost":{"id":"1170877267","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":1630506252,"share":"https://ttm.financial/m/news/1170877267?lang=en_US&edition=fundamental","pubTime":"2021-09-01 22:24","market":"us","language":"zh","title":"Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1170877267","media":"老虎资讯综合","summary":"周三,热门中概股盘中集体拉升。截至发稿,拼多多涨近9%,爱奇艺涨超8%,哔哩哔哩、新东方、滴滴涨超7%,阿里巴巴、贝壳涨4%。","content":"<p>On Wednesday, popular Chinese concept stocks collectively rose intraday. As of press time,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Rose more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up 4%.</p><p><img src=\"https://static.tigerbbs.com/f78e550ae6b6f37193fc364d410cd2b7\" 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>Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPopular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-01 22:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Wednesday, popular Chinese concept stocks collectively rose intraday. As of press time,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Rose more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up 4%.</p><p><img src=\"https://static.tigerbbs.com/f78e550ae6b6f37193fc364d410cd2b7\" 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/e42c16a083ab273c19aaae21cdb697a0","relate_stocks":{"PDD":"拼多多","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170877267","content_text":"周三,热门中概股盘中集体拉升。截至发稿,拼多多涨近9%,爱奇艺涨超8%,哔哩哔哩、新东方、滴滴涨超7%,阿里巴巴、贝壳涨4%。","news_type":1,"symbols_score_info":{"PDD":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":3755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818016566,"gmtCreate":1630365893355,"gmtModify":1676530279710,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818016566","repostId":"1128135952","repostType":4,"repost":{"id":"1128135952","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":1630364751,"share":"https://ttm.financial/m/news/1128135952?lang=en_US&edition=fundamental","pubTime":"2021-08-31 07:05","market":"us","language":"zh","title":"Apple's stock price hits record high, with a market value of over $2.5 trillion","url":"https://stock-news.laohu8.com/highlight/detail?id=1128135952","media":"老虎资讯综合","summary":"8月31日,苹果收涨3.04%,创下今年3月以来最大单日涨幅,报153.12美元刷新历史新高,最新总市值超25000亿美元,达25352亿美元。\n据悉,新的iPhone 13将在9月份发布,其相较于去","content":"<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" 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>Apple's stock price hits record high, with a market value of over $2.5 trillion</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\">\nApple's stock price hits record high, with a market value of over $2.5 trillion\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\">2021-08-31 07:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" 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/40ec3def981bd8ed848cbde61f044f04","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128135952","content_text":"8月31日,苹果收涨3.04%,创下今年3月以来最大单日涨幅,报153.12美元刷新历史新高,最新总市值超25000亿美元,达25352亿美元。\n据悉,新的iPhone 13将在9月份发布,其相较于去年iPhone 12系列的7500万部产能,iPhone 13今年增加了1500万部(今年年底之前新机产量提高到9000万部),需求增长了20%。天风证券分析师郭明錤最新研报预测,iPhone 13硬件规格可支援低轨道卫星通讯,若苹果开启相关软件功能,则当使用者不在4G/5G覆盖范围内时,也能透过卫星通讯通话与传讯。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}