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乐_0966

shi yai

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- 乐_0966乐_0966
  ·2023-07-13
  $新加坡航空公司(C6L.SI)$
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- 乐_0966乐_0966
  ·2023-06-16
  $新加坡航空公司(C6L.SI)$ so far to drop ?
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- 乐_0966乐_0966
  ·2022-04-13
  Still good rivian
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- 乐_0966乐_0966
  ·2021-06-14
  Amazing guy
  How did Jobs interview me back then?
  译者按：本文是Quora上关于“How hard did Steve Jobs work?”问题的回答。文章作者非常激动到手抖，打字有大量的情绪化错别字，有时有点语无伦次，译者尽可能还原这个故事和作者
  How did Jobs interview me back then?
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- 乐_0966乐_0966
  ·2021-06-14
  Great
  Sorry, this post has been deleted
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- 乐_0966乐_0966
  ·2021-06-13
  $Provention Bio, Inc(PRVB)$ surge upp
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- 乐_0966乐_0966
  ·2021-05-16
  Good
  Sorry, this post has been deleted
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- 乐_0966乐_0966
  ·2021-05-04
  It's so unbelievable
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- 乐_0966乐_0966
  ·2021-04-08
  Great
  CITIC: The industrial chain is out of stock, price increases + production expansion are expected to drive SMIC's performance upward
  核心观点在当前行业产能紧缺背景下，中芯国际成熟制程产能持续满载，较先进制程产能利用率有望明显改善。公司调涨代工价格，ASP 料将提升根据产业调研，中芯国际一季度有上调其晶圆代工价格。在全球范围，中芯国际涨价的时间点相对靠后，晚于联电、力积电等厂商。
  CITIC: The industrial chain is out of stock, price increases + production expansion are expected to drive SMIC's performance upward
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- 乐_0966乐_0966
  ·2021-04-01
  Good job! Trust it!
  SMIC: The company plans not to distribute profits in 2020
  4月1日消息，中芯国际今日发布公告称，公司2020年度拟不进行利润分配，这也是全体独立非执行董事的意见。因此，我们一致同意公司2020年度拟不进行利润分配的预案。中芯国际披露的2020年年报显示，上市公司全年营业收入274.71亿元，同比增长24.8%；净利润43.32亿元，同比增长141.5%；扣非后净利润16.97亿元，去年同期扣非后净利润为-5.22亿元，成功扭亏为盈。
  SMIC: The company plans not to distribute profits in 2020
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href=\"https://ttm.financial/S/C6L.SI\">$新加坡航空公司(C6L.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/C6L.SI\">$新加坡航空公司(C6L.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$新加坡航空公司(C6L.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197366752157888","isVote":1,"tweetType":1,"viewCount":1805,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187894246772856,"gmtCreate":1686900467516,"gmtModify":1686900470382,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C6L.SI\">$新加坡航空公司(C6L.SI)$&nbsp;</a>so far to drop 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rivian","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017552886","isVote":1,"tweetType":1,"viewCount":1479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184332000,"gmtCreate":1623683685900,"gmtModify":1704208689950,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"Amazing guy","listText":"Amazing guy","text":"Amazing guy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184332000","repostId":"1103587070","repostType":4,"repost":{"id":"1103587070","kind":"news","pubTimestamp":1623681530,"share":"https://ttm.financial/m/news/1103587070?lang=en_US&edition=fundamental","pubTime":"2021-06-14 22:38","market":"us","language":"zh","title":"How did Jobs interview me back then?","url":"https://stock-news.laohu8.com/highlight/detail?id=1103587070","media":"周喆吾","summary":"译者按：本文是Quora上关于“How hard did Steve Jobs work?”问题的回答。文章作者非常激动到手抖，打字有大量的情绪化错别字，有时有点语无伦次，译者尽可能还原这个故事和作者","content":"<p><b>Translator's note:</b>This article is an answer to the question \"How hard did Steve Jobs work?\" On Quora. The author of the article is so excited that his hands are shaking, and there are a lot of emotional typos in typing, sometimes a bit incoherent. The translator tries his best to restore the original flavor of the story and the author, and hope readers will accept the inconsistency. I've had the pleasure of working for Apple since 2003, and being at Apple during that very special time, particularly working with Steve on all sorts of things, I felt very happy.</p><p>And, I'm fairly confident that Steve sees me as a friend, not just a colleague he works with.</p><p>Looking back, I was lucky to be specifically introduced and then recruited by Apple.</p><p>I flew to Cupertino (where Apple is headquartered in California) for an interview, just after completing my PhD at MIT; I was very maverick at the time (the unflattering kind). I went to the interview because people around me told me that I must be crazy if I didn't even go to the interview. I made up my mind to go there and talk, and then turn down any Offer from Apple.</p><p>After visiting the beautiful buildings, this further convinced me that I would refuse<b>Any Offer</b>, because it is so to me<b>Corporatization</b>And somehow feels very<b>Hypocrisy</b>。 I was taken to an interview with a vice president who asked me some very usual interview questions, and then in the middle of answering the questions I heard a door open and close, and then a voice behind me said:</p><p>\"We really still ask these stupid\" damn questions in interviews … what are the possible responses from candidates that would allow us to tell if they are completely stupid or completely smart? \"</p><p>I don't have to turn around.<b>I know it's Steve who's talking.</b></p><p>He continued to walk around his desk and waved the Senior Vice President who was interviewing me away from his office. Then he sat down and silently read a piece of paper in his hand (I guess it was the interview question list that the vice president was going to ask me just now). He never looked at me or spoke to me.</p><p>He read on, occasionally laughing at what he read, shaking his head or calling anything he read useless.</p><p>After what seemed like forever, he threw the question sheet across the room and it actually hit a framed piece of art, which dropped loudly to the floor-Steve never bothered to look at the piece of art we might have badly damaged. He just stared at me, like<b>Forever</b>Just as long. (Definitely a very awkward minute, actually really seemed like an eternity in this case.)</p><p>Then he asked:<b>\"Who are you?\"</b>I told him my resume was on the desk-and he said \"I didn't ask you that.\" (In the meantime, mind you, his eyes never took away from his harsh, burning gaze.)</p><p>I told him my name; Then he quickly replied, \"If I wanted to know your name, I'd ask what your name is … I'm asking who you are\" … \"You're not very good at interviewing, are you?\"</p><p>I said I was someone who came all the way to interview for a job I most likely wouldn't accept-but being asked over and over why I didn't interview was a pain, so I thought I'd go for an interview, turn down the Offer, and go home and get on with other things. Problem solved. Then I told Jobs that my only concern before I came was that it might be embarrassing to refuse a job if they offered me one. Then I thanked him for what he had just done and made it easy for me to say no, because he was such a<b>Arrogant bastard</b>。</p><p>He looked at me puzzled for a few seconds, then asked puzzled, \"You know<b>Who am I</b>\"Yes, right?\" I said yes. He said:<b>\"You know I'm</b><b><i>Steve Jobs</i></b><b>”</b>I nodded-he sat back in his chair (still confused) and then he smiled and told me, \"This office sucks, this vice president has no taste.\"</p><p>I actually agree that this guy really doesn't have a good taste.</p><p>He said, \"Well, I'm going for a walk every day now, and you seem smart enough not to stay through this interview for a job you're not going to take. And, today is really a pretty awesome day\" (yes, he really uses his old mantra, lol) \"Join me on the walk\". I'm a little dizzy: Jobs in front of me is simply the embodiment of all the mean comments I heard about him before I came here. What a complete jerk. But I did want to go for a walk with him; I really don't understand why. But I kept up with him anyway.</p><p>We were walking and it was interesting to me that no one of the people who worked there greeted him or nodded to him at all-honestly most people seemed to take awkward turns as if they were trying to avoid him.</p><p>Somehow, though he might never notice, because even during our small talk, he's the kind of him that even in a crowded hallway, somehow, being a big man, makes you feel like the only thing he cares about in the world is you; He gives you his absolute<b>Get absorbed</b>。</p><p>It's quite unique and he can often easily make you look as if you're not even in the physical space. And this unique feeling of invading your existence is, in a way, a kind of complete rudeness.</p><p>Once we were outside in the open space, Steve's conversation suddenly changed-he was basically confused and asked me why I didn't want to come to work for him. He started counting almost childlike logic-he asked me \"assuming I wasn't rude and completely ruined your interview, would you still say no?<i>I am a very annoying person</i>The facts of have nothing to do with your choice? \"Yes, isn't it?\"</p><p>I said, \"Do you really know you're so rude?\" He said, \"Yes, I<b>Of course I do</b>I'm rude \"-\"<b>I'm Steve, I'm usually rude</b>\"(Like I asked a strange question)</p><p>Then he started selling me Apple-he told me all the stuff they did, but I couldn't have guessed that there were other \"great things\" (yes, he used that mantra too) and he told me all these things, crazy things. (He hasn't actually asked my name yet, by the way)</p><p>However, like the most excited kid in the world, he talked endlessly about Apple and their \"cool stuff\",<b>It's all so sincere</b>(At the same time, he said that I was a child, that I hadn't even worked before, and that if I didn't work for Apple, then I was a complete idiot.) The whole scene was crazy.</p><p>I kept wondering if this guy had been with me for so long missing some meeting or for sure he had to take care of things somewhere. Then he said he wanted to show me \"something\" and meet Johnny.</p><p>We walked into Jonny's little world, and he was very polite to me, and then gave me a clear look<b>Steve in super excited state</b>(Jonny whispers that he really likes you.-I whispers that he doesn't even know my name, seriously, Jonny says then he really likes you<b>You</b>), and he went back to work.</p><p>Finally, someone found Steve and said that there was a super important guest who had been waiting for him in his office for 90 minutes. His face changed again and he said, \"I<b>Really</b>Must go \"and then tell the person who found him to\" let him wait \".</p><p>Then he told me: \"Look, I promise it will be great … I can show you all this, but you can't digest it for a while … He said\" Give me a month at Apple and just leave if I'm wrong … I'll pay you 3 times your normal monthly salary, the company is here to provide you with an apartment and a car, and if I'm wrong, I'll pay for everything you want or anything to move things back and forth \".</p><p>I said, \"You don't even know my name, Steve.\"-<b>Then he said my full name</b>He knew all kinds of things about me, where and when I went to what school, my birthday-where I grew up.</p><p>Now I'm confused. extremely.</p><p>I asked him why he had made everything so awkward at the time, or had not told me anything before.</p><p>He said: \"<b>Wouldn't that be more fun?</b>”</p><p>I have to agree.<b>Is more interesting</b>。</p><p>Steve then said \"you're funny\" I asked him why and he told me \"you just have to be funny... things... people are mediocre\" and \"you're funny\".</p><p>Then he said, answer me, \"<b>Come or not</b>”。</p><p>I was completely confused haha and I said: \"OK, a month will be a month\".</p><p>He strode away and said, \"I'll see you tomorrow.\" I reminded him, \"It's Friday.\" He said, \"I know!\"</p><p>The door closed and Steve was gone.</p><p>I didn't know what to do because honestly, I didn't even know where I was in the building-I guess Steve hired me, but where did I go-who did I talk to? How do I explain the outrageous Offer he gave me?</p><p>I went back to the office where the interview started to find the VP who was kicked out. All the time trying to figure out what I was going to say, and then I realized I didn't even know what position he wanted me to do.</p><p>It probably took me 10 minutes to get to the vice president's office (I knew Steve was in what must be a serious meeting, so I couldn't ask him).</p><p>But when I got to that office-maybe it was only 7-9 minutes. Somehow, every crazy part of the Offer Steve gave me, specific to the tiniest detail, was somehow fully conveyed to that VP by magic.</p><p>There were about three people in that office making everything he promised me happen-someone called to say my driver's license had been photocopied, I heard someone on the phone talk about getting my apartment ready for me-and they asked if I could arrange for someone to open my apartment so that the movers could enter (I told them I didn't need so much... The girl looked at me and said, \"Look, Steve said he wanted you to stay here while you moved everything... If he didn't get what he wanted, I'd get into trouble\" (she almost explained Steve in a weird way)</p><p>I sat down to fill out the confidentiality agreement-and other paperwork-and I finally asked what exactly is my job or title? I was told that my position was \"Steve hired\" (basically, when I found the right position, they would make another title for me).</p><p>Everything promised was delivered instantly-apartment, car etc in 30 minutes, I got the keys-I received a map of the apartment and a map back to get back to Apple HQ (Infinite Loop 1). I was told not to be late-Steve hated being late.</p><p>I never returned to my apartment at MIT.</p><p>Before I returned to the east coast, 2 years passed, probably closer to 3.</p><p>Steve \"caught me\".</p><p>Sorry this is too long-doesn't really answer your question. But okay, I'm probably the only one who remembers it now after he's gone.</p><p>My obvious prejudice aside; What a great story.</p><p>When I first wrote this, I was laughing so hard that tears were running down my cheeks.</p><p>I'm still at Apple-I'm in a senior position right now. It's really the only company I've ever been with. I enjoyed it very much.</p><p>I only occasionally look back at Apple and Steve's experiences and, to some extent, what I've been involved in. It is so wild.</p><p>One of the things Steve put in my hand back then was an iPad that had been jointly debugged, so many years ago. Imagine how I feel right now, seeing them every day, wherever I go, and knowing that I play a part in it.</p><p>Does Steve work hard? Worked harder than anyone else. Does Steve always put everything, every risk, and every potential failure on himself?<b>Yeah, yeah.</b></p><p>Did he somehow build a device like the iPad-something that no one even knew was supposed to exist, and turn it into something that everyone must have?<b>Yeah, yeah.</b></p><p>Did his vision for the operating system lay most of the core of OS X so many years ago? Yeah, yeah.</p><p>Are there thousands of people who helped Steve create this vision and make it productive? Yeah, yeah.</p><p>Did Steve change the world? Yeah, yeah.</p><p>Did Steve honor every single thing he said that weird day he hired me,<i>Each</i>Commitment? Absolutely.</p><p>Has he often been so incredibly harsh, mean, harsh, rough, difficult, extreme, and sometimes cruel? Yeah, yeah.</p><p>Did he push everyone at Apple to be better, smarter, and work to nearly impossible standards to meet deadlines and innovate beyond our wildest imaginations? Yeah, yeah.</p><p>Did he somehow know that he was going through all of the above while stopping everything he was doing and asking me to go for a walk made me feel like nothing else in the world was more important than me and my problems at that moment-and that he did everything he could to make things better, and almost always did? Yeah, yeah.</p><p>Did he ever stop trying when he couldn't find a solution or help immediately? By no means.</p><p>Did he ask for more than he gave? By no means.</p><p>Is he trying harder, but having more to lose? Always.</p><p>Did he get into the job of Apple so weak and emaciated that he can barely walk because of cancer, but fighting as hard as every one of our employees? Yeah, yeah.</p><p>Did he ever agonize about it-and, even though his problems and concerns were more urgent, did he ever fail to notice the problems and concerns of each of us? No, no.</p><p>Do I really know or close to knowing Steve? It's impossible.</p><p>Does anyone understand? Nobody. (Maybe Lauren and his beautiful children know a little.)</p><p>Do I miss him very, very, very much? You have no idea.</p><p>Could there be someone to replace him, or could there be anyone close to his height? It's absolutely impossible.</p><p>I hope the few readers here at least walk away with a really \"interesting\" Steve story. Maybe they'll get another glimpse of what he looks like through my experience with him. I hope so.</p><p>He changed a lot of things. But most importantly he changed me. I became a better person because I knew him. He gave me such a wonderful life.</p><p>Thanks Steve-I love you and still miss you.</p><p>Your friend, forever</p><p><img src=\"https://static.tigerbbs.com/365da2e4bdaa071a5fe2210c8b7a8fb3\" tg-width=\"474\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1623681541174","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>How did Jobs interview me back then?</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\">\nHow did Jobs interview me back then?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">周喆吾</strong><span class=\"h-time small\">2021-06-14 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Translator's note:</b>This article is an answer to the question \"How hard did Steve Jobs work?\" On Quora. The author of the article is so excited that his hands are shaking, and there are a lot of emotional typos in typing, sometimes a bit incoherent. The translator tries his best to restore the original flavor of the story and the author, and hope readers will accept the inconsistency. I've had the pleasure of working for Apple since 2003, and being at Apple during that very special time, particularly working with Steve on all sorts of things, I felt very happy.</p><p>And, I'm fairly confident that Steve sees me as a friend, not just a colleague he works with.</p><p>Looking back, I was lucky to be specifically introduced and then recruited by Apple.</p><p>I flew to Cupertino (where Apple is headquartered in California) for an interview, just after completing my PhD at MIT; I was very maverick at the time (the unflattering kind). I went to the interview because people around me told me that I must be crazy if I didn't even go to the interview. I made up my mind to go there and talk, and then turn down any Offer from Apple.</p><p>After visiting the beautiful buildings, this further convinced me that I would refuse<b>Any Offer</b>, because it is so to me<b>Corporatization</b>And somehow feels very<b>Hypocrisy</b>。 I was taken to an interview with a vice president who asked me some very usual interview questions, and then in the middle of answering the questions I heard a door open and close, and then a voice behind me said:</p><p>\"We really still ask these stupid\" damn questions in interviews … what are the possible responses from candidates that would allow us to tell if they are completely stupid or completely smart? \"</p><p>I don't have to turn around.<b>I know it's Steve who's talking.</b></p><p>He continued to walk around his desk and waved the Senior Vice President who was interviewing me away from his office. Then he sat down and silently read a piece of paper in his hand (I guess it was the interview question list that the vice president was going to ask me just now). He never looked at me or spoke to me.</p><p>He read on, occasionally laughing at what he read, shaking his head or calling anything he read useless.</p><p>After what seemed like forever, he threw the question sheet across the room and it actually hit a framed piece of art, which dropped loudly to the floor-Steve never bothered to look at the piece of art we might have badly damaged. He just stared at me, like<b>Forever</b>Just as long. (Definitely a very awkward minute, actually really seemed like an eternity in this case.)</p><p>Then he asked:<b>\"Who are you?\"</b>I told him my resume was on the desk-and he said \"I didn't ask you that.\" (In the meantime, mind you, his eyes never took away from his harsh, burning gaze.)</p><p>I told him my name; Then he quickly replied, \"If I wanted to know your name, I'd ask what your name is … I'm asking who you are\" … \"You're not very good at interviewing, are you?\"</p><p>I said I was someone who came all the way to interview for a job I most likely wouldn't accept-but being asked over and over why I didn't interview was a pain, so I thought I'd go for an interview, turn down the Offer, and go home and get on with other things. Problem solved. Then I told Jobs that my only concern before I came was that it might be embarrassing to refuse a job if they offered me one. Then I thanked him for what he had just done and made it easy for me to say no, because he was such a<b>Arrogant bastard</b>。</p><p>He looked at me puzzled for a few seconds, then asked puzzled, \"You know<b>Who am I</b>\"Yes, right?\" I said yes. He said:<b>\"You know I'm</b><b><i>Steve Jobs</i></b><b>”</b>I nodded-he sat back in his chair (still confused) and then he smiled and told me, \"This office sucks, this vice president has no taste.\"</p><p>I actually agree that this guy really doesn't have a good taste.</p><p>He said, \"Well, I'm going for a walk every day now, and you seem smart enough not to stay through this interview for a job you're not going to take. And, today is really a pretty awesome day\" (yes, he really uses his old mantra, lol) \"Join me on the walk\". I'm a little dizzy: Jobs in front of me is simply the embodiment of all the mean comments I heard about him before I came here. What a complete jerk. But I did want to go for a walk with him; I really don't understand why. But I kept up with him anyway.</p><p>We were walking and it was interesting to me that no one of the people who worked there greeted him or nodded to him at all-honestly most people seemed to take awkward turns as if they were trying to avoid him.</p><p>Somehow, though he might never notice, because even during our small talk, he's the kind of him that even in a crowded hallway, somehow, being a big man, makes you feel like the only thing he cares about in the world is you; He gives you his absolute<b>Get absorbed</b>。</p><p>It's quite unique and he can often easily make you look as if you're not even in the physical space. And this unique feeling of invading your existence is, in a way, a kind of complete rudeness.</p><p>Once we were outside in the open space, Steve's conversation suddenly changed-he was basically confused and asked me why I didn't want to come to work for him. He started counting almost childlike logic-he asked me \"assuming I wasn't rude and completely ruined your interview, would you still say no?<i>I am a very annoying person</i>The facts of have nothing to do with your choice? \"Yes, isn't it?\"</p><p>I said, \"Do you really know you're so rude?\" He said, \"Yes, I<b>Of course I do</b>I'm rude \"-\"<b>I'm Steve, I'm usually rude</b>\"(Like I asked a strange question)</p><p>Then he started selling me Apple-he told me all the stuff they did, but I couldn't have guessed that there were other \"great things\" (yes, he used that mantra too) and he told me all these things, crazy things. (He hasn't actually asked my name yet, by the way)</p><p>However, like the most excited kid in the world, he talked endlessly about Apple and their \"cool stuff\",<b>It's all so sincere</b>(At the same time, he said that I was a child, that I hadn't even worked before, and that if I didn't work for Apple, then I was a complete idiot.) The whole scene was crazy.</p><p>I kept wondering if this guy had been with me for so long missing some meeting or for sure he had to take care of things somewhere. Then he said he wanted to show me \"something\" and meet Johnny.</p><p>We walked into Jonny's little world, and he was very polite to me, and then gave me a clear look<b>Steve in super excited state</b>(Jonny whispers that he really likes you.-I whispers that he doesn't even know my name, seriously, Jonny says then he really likes you<b>You</b>), and he went back to work.</p><p>Finally, someone found Steve and said that there was a super important guest who had been waiting for him in his office for 90 minutes. His face changed again and he said, \"I<b>Really</b>Must go \"and then tell the person who found him to\" let him wait \".</p><p>Then he told me: \"Look, I promise it will be great … I can show you all this, but you can't digest it for a while … He said\" Give me a month at Apple and just leave if I'm wrong … I'll pay you 3 times your normal monthly salary, the company is here to provide you with an apartment and a car, and if I'm wrong, I'll pay for everything you want or anything to move things back and forth \".</p><p>I said, \"You don't even know my name, Steve.\"-<b>Then he said my full name</b>He knew all kinds of things about me, where and when I went to what school, my birthday-where I grew up.</p><p>Now I'm confused. extremely.</p><p>I asked him why he had made everything so awkward at the time, or had not told me anything before.</p><p>He said: \"<b>Wouldn't that be more fun?</b>”</p><p>I have to agree.<b>Is more interesting</b>。</p><p>Steve then said \"you're funny\" I asked him why and he told me \"you just have to be funny... things... people are mediocre\" and \"you're funny\".</p><p>Then he said, answer me, \"<b>Come or not</b>”。</p><p>I was completely confused haha and I said: \"OK, a month will be a month\".</p><p>He strode away and said, \"I'll see you tomorrow.\" I reminded him, \"It's Friday.\" He said, \"I know!\"</p><p>The door closed and Steve was gone.</p><p>I didn't know what to do because honestly, I didn't even know where I was in the building-I guess Steve hired me, but where did I go-who did I talk to? How do I explain the outrageous Offer he gave me?</p><p>I went back to the office where the interview started to find the VP who was kicked out. All the time trying to figure out what I was going to say, and then I realized I didn't even know what position he wanted me to do.</p><p>It probably took me 10 minutes to get to the vice president's office (I knew Steve was in what must be a serious meeting, so I couldn't ask him).</p><p>But when I got to that office-maybe it was only 7-9 minutes. Somehow, every crazy part of the Offer Steve gave me, specific to the tiniest detail, was somehow fully conveyed to that VP by magic.</p><p>There were about three people in that office making everything he promised me happen-someone called to say my driver's license had been photocopied, I heard someone on the phone talk about getting my apartment ready for me-and they asked if I could arrange for someone to open my apartment so that the movers could enter (I told them I didn't need so much... The girl looked at me and said, \"Look, Steve said he wanted you to stay here while you moved everything... If he didn't get what he wanted, I'd get into trouble\" (she almost explained Steve in a weird way)</p><p>I sat down to fill out the confidentiality agreement-and other paperwork-and I finally asked what exactly is my job or title? I was told that my position was \"Steve hired\" (basically, when I found the right position, they would make another title for me).</p><p>Everything promised was delivered instantly-apartment, car etc in 30 minutes, I got the keys-I received a map of the apartment and a map back to get back to Apple HQ (Infinite Loop 1). I was told not to be late-Steve hated being late.</p><p>I never returned to my apartment at MIT.</p><p>Before I returned to the east coast, 2 years passed, probably closer to 3.</p><p>Steve \"caught me\".</p><p>Sorry this is too long-doesn't really answer your question. But okay, I'm probably the only one who remembers it now after he's gone.</p><p>My obvious prejudice aside; What a great story.</p><p>When I first wrote this, I was laughing so hard that tears were running down my cheeks.</p><p>I'm still at Apple-I'm in a senior position right now. It's really the only company I've ever been with. I enjoyed it very much.</p><p>I only occasionally look back at Apple and Steve's experiences and, to some extent, what I've been involved in. It is so wild.</p><p>One of the things Steve put in my hand back then was an iPad that had been jointly debugged, so many years ago. Imagine how I feel right now, seeing them every day, wherever I go, and knowing that I play a part in it.</p><p>Does Steve work hard? Worked harder than anyone else. Does Steve always put everything, every risk, and every potential failure on himself?<b>Yeah, yeah.</b></p><p>Did he somehow build a device like the iPad-something that no one even knew was supposed to exist, and turn it into something that everyone must have?<b>Yeah, yeah.</b></p><p>Did his vision for the operating system lay most of the core of OS X so many years ago? Yeah, yeah.</p><p>Are there thousands of people who helped Steve create this vision and make it productive? Yeah, yeah.</p><p>Did Steve change the world? Yeah, yeah.</p><p>Did Steve honor every single thing he said that weird day he hired me,<i>Each</i>Commitment? Absolutely.</p><p>Has he often been so incredibly harsh, mean, harsh, rough, difficult, extreme, and sometimes cruel? Yeah, yeah.</p><p>Did he push everyone at Apple to be better, smarter, and work to nearly impossible standards to meet deadlines and innovate beyond our wildest imaginations? Yeah, yeah.</p><p>Did he somehow know that he was going through all of the above while stopping everything he was doing and asking me to go for a walk made me feel like nothing else in the world was more important than me and my problems at that moment-and that he did everything he could to make things better, and almost always did? Yeah, yeah.</p><p>Did he ever stop trying when he couldn't find a solution or help immediately? By no means.</p><p>Did he ask for more than he gave? By no means.</p><p>Is he trying harder, but having more to lose? Always.</p><p>Did he get into the job of Apple so weak and emaciated that he can barely walk because of cancer, but fighting as hard as every one of our employees? Yeah, yeah.</p><p>Did he ever agonize about it-and, even though his problems and concerns were more urgent, did he ever fail to notice the problems and concerns of each of us? No, no.</p><p>Do I really know or close to knowing Steve? It's impossible.</p><p>Does anyone understand? Nobody. (Maybe Lauren and his beautiful children know a little.)</p><p>Do I miss him very, very, very much? You have no idea.</p><p>Could there be someone to replace him, or could there be anyone close to his height? It's absolutely impossible.</p><p>I hope the few readers here at least walk away with a really \"interesting\" Steve story. Maybe they'll get another glimpse of what he looks like through my experience with him. I hope so.</p><p>He changed a lot of things. But most importantly he changed me. I became a better person because I knew him. He gave me such a wonderful life.</p><p>Thanks Steve-I love you and still miss you.</p><p>Your friend, forever</p><p><img src=\"https://static.tigerbbs.com/365da2e4bdaa071a5fe2210c8b7a8fb3\" tg-width=\"474\" tg-height=\"321\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/p_XATpLaxwUhQ3wQIoWc6Q\">周喆吾</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a17a5802de46cd38969328d45ff741ec","relate_stocks":{"AAPL":"苹果"},"source_url":"https://mp.weixin.qq.com/s/p_XATpLaxwUhQ3wQIoWc6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103587070","content_text":"译者按：本文是Quora上关于“How hard did Steve Jobs work?”问题的回答。文章作者非常激动到手抖，打字有大量的情绪化错别字，有时有点语无伦次，译者尽可能还原这个故事和作者的原汁原味，其中不通顺的地方望读者海涵。\n\n自 2003 年以来，我一直很高兴为 Apple 工作，并且在那个非常特殊的时期在 Apple 工作，特别是与史蒂夫一起处理各种事情，我感到非常高兴。\n而且，我相当有信心史蒂夫将我视为朋友，而不仅仅是与他一起工作的同事。\n回头看，我很幸运被特别内推，然后被 Apple 招募。\n我飞到库比蒂诺（加州 Apple 总部所在地）面试，当时我刚刚在麻省理工学院（MIT）完成博士学位；我当时非常特立独行（不讨人喜欢那种）。我去面试是因为周围人告诉我如果我连去面试都不去，那我一定是疯了。我打定主意，去了就是聊聊，然后拒掉 Apple 公司开的任何Offer。\n在参观了美丽的建筑之后，这让我进一步确信我会拒绝任何Offer，因为它对我来说是如此的公司化并且不知何故感觉很假惺惺。我被带到了与一个副总裁的面试中，他问了我一些很平常的面试问题，然后在回答问题的中间我听到一扇门打开和关闭的声音，然后在我身后响起一个声音说：\n“我们真的还在面试时问这种愚蠢的“该死的问题……候选人有什么可能的回答可以让我们区分他们是完全愚蠢还是完全聪明？”\n我没必要转身。我知道说话的是史蒂夫。\n他继续在办公桌周围走来走去，并挥挥手把正在面试我的高级副总裁从他的办公室赶走了。然后他坐下来，默读着手里的一张纸（我猜是刚刚那个副总裁准备问我的面试问题表）。他从不看我，也不跟我说话。\n他继续读下去，偶尔会嘲笑他读到的东西，摇头或称他读到的任何东西都没用。\n在看似永远那么久的时间过后，他将问题表扔到房间的另一头，它实际上击中了一件带框的艺术品，艺术品大声掉落在地板上 —— 史蒂夫从不费心看那件我们可能已经严重损坏的艺术品。他只是盯着我看，就像永远一样久。（绝对是非常尴尬的一分钟，实际上在这种情况下真的像是永恒。）\n然后他问：“你是谁？”我告诉他我的简历在桌子上——他说“我没有问你那个。”（与此同时，请注意，他的目光从未从他刺眼的灼灼凝视中移开。）\n我告诉他我的名字；然后他很快回答道：“如果我想知道你的名字，我会问你叫什么名字……我问的是你是谁”……“你不是很擅长面试，是吧？”\n我说我是个为了一份我很可能不会接受的工作而大老远跑来面试的人 —— 但是被一遍又一遍地问为什么我不去面试是一种痛苦，所以我想我会去面一下，把Offer拒绝掉，然后回家继续做其他事情。问题搞定。然后我告诉乔布斯，我来之前唯一担心的是，如果他们给我一份工作，拒绝工作可能会很尴尬。然后我感谢他刚才的所作所为让说出拒绝对我来说变的很容易，因为他真是一个傲慢的混蛋。\n他很不解地看了我几秒钟，然后疑惑地问：“你知道我是谁，对吧？”我说是的。他说：“你知道我是史蒂夫，史蒂夫·乔布斯”我点点头——他坐回椅子上（仍然很困惑）然后他微笑着告诉我：“这个办公室糟透了，这个副总裁没有一点品味。”\n我实际上同意这哥们品味确实不咋地。\n他说：“好吧，我现在每天都去散步，你看起来足够聪明，不会为了一份你不打算接受的工作而熬着完成这次面试。并且，今天真的是非常棒的一天”（是的，他真的用了他那句老套的口头禅，哈哈）“加入我一起走吧”。我有点晕头转向：眼前的乔布斯简直是来之前听到的关于他的所有刻薄评论的化身。真是个彻头彻尾的混蛋。但我确实想去跟他散步；我真的不明白为什么。但我还是跟上了他的脚步。\n我们正在走路，对我来说很有趣的是，在那里工作的人完全没有人跟他打招呼或向他点头 - 老实说，大多数人似乎采取尴尬的转弯，好像都想避开他。\n不知何故，尽管他可能永远不会注意到，因为即使在我们闲聊时，他也是那种即使在拥挤的走廊里，不知为何，作为个大人物的他，会让你觉得他在世界上唯一关心的就是你；他全程给你他绝对的全神贯注。\n这是非常独特的，他经常可以很容易地让你看起来好像你甚至不在物理空间中。而这种独特的侵犯你的存在的感觉，某个角度看是种彻底的粗鲁。\n一旦我们在外面的空地上，史蒂夫话锋突变 - 他基本上很困惑的问我为什么不想来他那里工作？他开始历数几乎像孩子一样的逻辑——他问我“假设我没有粗鲁并且完全破坏了你的面试，你仍然会拒绝吗？我这个人很惹人讨厌的事实与你的选择无关？是不是？”\n我说：“你真的知道你这么粗鲁吗？”他说“是的，我当然知道我很粗鲁”-“我是史蒂夫，我通常很粗鲁”（就像我问了一个奇怪的问题）\n然后他开始向我推销 Apple - 他告诉我他们所做的所有事情，但我不可能猜到还有其他“伟大的东西”（是的，他也用了这句口头禅）他告诉我所有这些东西，疯狂的东西。（顺便说一句，他实际上还没有问过我的名字）\n但是，他就像世界上最兴奋的孩子一样滔滔不绝的讲起 Apple 和他们的“酷东西”，这一切都是那么真诚（同时他说我就是个孩子，我以前甚至没有上过班，如果我不去 Apple 工作那么我是一个彻头彻尾的白痴。）整个桥段太疯狂了。\n我一直在想，这家伙陪我这么久，是不是缺席了某个会议，或者肯定他必须在某个地方处理事情。然后他说他想给我“看个东西”，并见见 Johnny。\n我们走进了 Jonny 的小世界，他对我非常有礼貌，然后用了然的眼光瞅了一眼超级兴奋状态的史蒂夫（Jonny 小声说他真的很喜欢你 - 我小声说他甚至不知道我的名字，认真的， Jonny 说那么他真的很喜欢你），然后他回去工作了。\n终于有人找到史蒂夫说有一个超级重要的客人在他的办公室里已经等了他整整 90 分钟，他的脸色又变了，他说“我真的必须走了”，然后告诉找到他的人“让他等一下”。\n然后他告诉我：“听着，我保证这会很棒……我可以向你展示这一切，但你一时半会儿消化不了……他说“给我在 Apple 呆一个月，如果我错了就直接离开……我会付钱给你正常月薪的 3 倍，公司在这里为你提供公寓和汽车，如果我错了，我会支付你想要的一切或任何搬东西来回的费用”。\n我说“你甚至不知道我的名字啊史蒂夫” -然后他说了我的全名，他知道关于我的各种事情，我在哪里、什么时候上的什么学校，我的生日——我长大的地方。\n现在我很困惑。非常。\n我问他为什么当时他把一切都弄得这么尴尬，或者之前什么都没告诉我。\n他说：“这不是更有趣吗？”\n我不得不同意。是更有趣。\n史蒂夫然后说“你很有趣”我问他为什么，他告诉我“你只需要做个有趣的人...事情...人们都很平庸”和“你很有趣”。\n然后他说，回答我，“来不来”。\n我完全糊涂了哈哈，我说：“好吧，一个月就一个月”。\n他边大步流星走开边说“我们明天见”，我提醒他：“今天是星期五”，他说“我知道！”\n门关上了，史蒂夫走了。\n我不知道该怎么办，因为老实说，我甚至不知道我在大楼的什么地方——我猜是史蒂夫雇了我，但我去了哪里——我和谁说话了？我如何解释他给我的离谱的 Offer？\n我回到面试开始的办公室去找那个被赶出去的副总裁。一直试图弄清楚我要说什么，然后我意识到我甚至不知道他想让我做什么岗位。\n我可能花了 10 分钟才到达那个副总裁的办公室（我知道史蒂夫在一场肯定是很严肃的会议中所以没法去问他）。\n但是当我到达那个办公室时——可能只有 7-9 分钟。不知何故，史蒂夫给我的 Offer的每一个疯狂的部分，具体到最微小的每一个细节，都以某种方式被魔法完全传达给了那个副总裁。\n那个办公室里大约有 3 个人正在让他向我保证的一切都发生——有人打电话说我的驾照已经复印好了，我在电话里听到有个人说要为我准备好公寓——他们问我是否可以安排某人打开我的公寓好让搬家工人入场（我告诉他们我用不着这么多……那个女孩看着我说：“你瞧，史蒂夫说他想要的是你就留在这里，同时你的所有东西都搬好……如果他想要的事情没有完完整整一字不差的完成，我就惹麻烦了”（她几乎既用一种奇怪的方式解释着史蒂夫，又担心她会因为没有完成任务而遇到麻烦）\n我坐下来填写保密协议——以及其他文书工作——我终于问我的工作或头衔到底是什么？有人告诉我，我的职位是“史蒂夫雇来的”（“Steve hire”）（基本上是说，等我找到合适的职位，他们再为我制作一个头衔）。\n一切承诺都立即得到了兑现——公寓、汽车等在 30 分钟内完成，我拿到了钥匙——我收到了一张公寓的地图和一张回来的地图，以便返回 Apple总部（无限循环路 1 Infinite Loop）。我被告知不要迟到 —— 史蒂夫痛恨迟到。\n我再也没有回到我在麻省理工的公寓。\n在我回到东海岸之前，2 年过去了，可能更接近 3 年。\n史蒂夫“抓住了我”。\n对不起，这太长了 - 并没有真正回答你的问题。但是好吧，我可能是现在他去世后唯一记得这件事的人。\n撇开我明显的偏见不谈；多么棒的故事啊。\n当我第一次写这篇文章时，我笑得很开心，泪水从我的脸颊上流下来。\n我还在 Apple - 我现在担任高级职务。这真的是我待过的唯一一家公司。我非常喜欢它。\n我只是偶尔回顾一下 Apple 和史蒂夫的经历，并在某种程度上回顾了我曾经参与过的事情。它是如此狂野。\n史蒂夫当年放在我手里的东西之一是一个已经联调启动的 iPad，那么多年之前。想象一下我现在的感觉，每天看到他们，无论我走到哪里，并且知道我在其中发挥了一定的作用。\n史蒂夫努力吗？比谁都努力。史蒂夫是不是总是把一切、每一个风险和每一个潜在的失败都放在自己身上？是的。\n他是否以某种方式制造了像 iPad 这样的设备——甚至没有人知道这东西应该存，并将其变成每个人都必须拥有的东西？是的。\n他对操作系统的愿景是不是从那么多年前就奠定了 OS X 其中大部分核心？是的。\n有成千上万的人帮助史蒂夫创造了这个愿景并使其成为生产力吗？是的。\n史蒂夫改变了世界吗？是的。\n史蒂夫有没有兑现他雇我的那奇怪的一天他说的每一个东西，每一个承诺？绝对的。\n他是否经常如此令人难以置信地严厉、刻薄、严厉、粗暴、困难、极端，有时甚至残忍？是的。\n他是否促使 Apple 的每个人变得更好、更聪明，并以几乎不可能的标准工作，以满足最后期限并超越我们最疯狂的想象力进行创新？是的。\n他是否以某种方式知道他在经历上述一切的同时，停下他手头在做的一切并请我去散步，让我觉得那一刻世上没有任何别的比我和我的问题更重要 - 并且他尽一切努力让事情变得更好，而且几乎总是如此？是的。\n当他无法立即找到解决方案或帮助时，他是否停止过尝试？绝不。\n他有没有索取得比他给予的更多？绝不。\n他是不是更努力了，却要失去更多？总是。\n他是不是因为癌症而进入苹果公司如此虚弱和瘦弱，以至于几乎无法走路，却像我们每个员工一样拼了命的工作？是的。\n他是否曾经为此苦恼过——尽管他的问题和担忧更为紧迫，但他是否曾未能注意到我们每个人的问题和担忧？不。\n我真的了解或接近了解史蒂夫吗？不可能的。\n有人了解吗？没人。（也许劳伦和他漂亮的孩子们了解一点吧）\n我是不是非常非常非常想念他？You have no idea.\n会不会有取代他的人，或者会不会有任何接近他的高度的人？绝对不可能。\n我希望这里的少数读者至少能带走一个真正“有趣”的史蒂夫故事。也许他们会通过我和他的经历再次瞥见他的样子。希望如此。\n他改变了很多东西。但最重要的是他改变了我。因为认识他，我成了一个更好的人。他给了我如此美好的生活。\n谢谢史蒂夫 - 我爱你，仍然想念你。\n你的朋友，永远","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3056,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184393084,"gmtCreate":1623683169548,"gmtModify":1704208669788,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184393084","repostId":"1196493761","repostType":4,"isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182857539,"gmtCreate":1623564657421,"gmtModify":1704206315830,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PRVB\">$Provention Bio, Inc(PRVB)$</a>&nbsp;surge upp","listText":"<a href=\"https://laohu8.com/S/PRVB\">$Provention Bio, Inc(PRVB)$</a>&nbsp;surge upp","text":"$Provention Bio, Inc(PRVB)$ surge upp","images":[{"img":"https://static.tigerbbs.com/f24708613f6aeadb2e48d2d578cf95b1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182857539","isVote":1,"tweetType":1,"viewCount":2090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192143699,"gmtCreate":1621168685811,"gmtModify":1704353560507,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192143699","repostId":"2135989900","repostType":4,"isVote":1,"tweetType":1,"viewCount":1589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106911736,"gmtCreate":1620083819625,"gmtModify":1704338263365,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"It's so unbelievable&nbsp;","listText":"It's so unbelievable&nbsp;","text":"It's so unbelievable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/106911736","repostId":"1107648227","repostType":4,"isVote":1,"tweetType":1,"viewCount":1845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341425422,"gmtCreate":1617848559966,"gmtModify":1704703899143,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341425422","repostId":"2125123787","repostType":2,"repost":{"id":"2125123787","kind":"news","pubTimestamp":1617764460,"share":"https://ttm.financial/m/news/2125123787?lang=en_US&edition=fundamental","pubTime":"2021-04-07 11:01","market":"us","language":"zh","title":"CITIC: The industrial chain is out of stock, price increases + production expansion are expected to drive SMIC's performance upward","url":"https://stock-news.laohu8.com/highlight/detail?id=2125123787","media":"中信证券研究","summary":"核心观点在当前行业产能紧缺背景下，中芯国际成熟制程产能持续满载，较先进制程产能利用率有望明显改善。公司调涨代工价格，ASP 料将提升根据产业调研，中芯国际一季度有上调其晶圆代工价格。在全球范围，中芯国际涨价的时间点相对靠后，晚于联电、力积电等厂商。","content":"<p><html><body><article><strong>CORE POINT</strong></p><p>Under the current background of industry production capacity shortage,<a href=\"https://laohu8.com/S/SMI\">SMIC</a>The capacity of mature processes continues to be fully loaded, and the capacity utilization rate of more advanced processes is expected to improve significantly. The company has recently raised OEM prices, and the increase in ASP is expected to drive profit improvements.</p><p>At present, the company's capacity utilization rate, ASP and industry prosperity sustainability are more optimistic than those at the February performance meeting. We believe that the company's performance this year is expected to be better than the previous guidance.</p><p>We are optimistic for a long time that the company will continue to expand production on a large scale with higher capital expenditures. In the process of developing mature manufacturing processes, ROE is expected to increase in the future. The company will continue to carry out advanced technology research and development to replace the core target for domestic chip manufacturing. Buy rating.<strong>The current tight supply and demand situation in the industry is severe, and the company, as a wafer foundry with increased production capacity, is expected to benefit</strong></p><p><a href=\"https://laohu8.com/S/688981\">SMIC</a>Dr. Zhou Zixue, Chairman of the Board, said in the opening speech of SEMICON China on March 17, 2021 that the current global supply of semiconductors is still in a very tight situation. The downstream complete machine industry is affected by the tight supply of semiconductors. Such a serious situation has never occurred in history. According to the memories of practitioners, a similar situation only occurred in 1999.</p><p>The reasons for this round of chip shortages need to be viewed from both supply and demand aspects: on the one hand, market demand growth far exceeds expectations. The average number of mobile phones has increased from 4-5 to 7-8 for 5G mobile phones. At the same time, the demand for IoT/smart homes and automotive electronics is rising. The growth of servers and PCs under the epidemic economy has also led to a sharp increase in chip demand.</p><p>On the other hand, the speed of production expansion is difficult to catch up with the growth in demand. Under the influence of the epidemic, some overseas fabs have slowed down their production expansion plans, and major global suppliers have suspended<span>shipment</span>, even if the equipment enters the factory, there is no team to install it, which directly leads to the delay of the expansion of production capacity.</p><p><a href=\"https://laohu8.com/S/00981\">SMIC</a>In 2020, the monthly production capacity of 8-inch wafers will be expanded by 30,000 pieces and 12-inch wafers by 20,000 pieces. The supply is still in short supply and full-load operations will be maintained. In 2021, the company plans to continue to expand 8-inch wafers by no less than 45,000 pieces and 12-inch wafers by 10,000 pieces.<strong>The company raises OEM prices, ASP is expected to increase</strong></p><p>According to industry research, SMIC raised its wafer foundry prices in the first quarter. Globally, SMIC's price increase is relatively late, later than<a href=\"https://laohu8.com/S/UMC\">UMC</a>, PSMC and other manufacturers. We expect that the price increase will mainly have a positive contribution to the company's profit margin. At the same time, under the tight production capacity, the company's product portfolio may further improve, and it can produce more high<span>GROSS PROFIT</span>PRODUCT.<strong>The capacity of mature processes is fully loaded, and the capacity utilization rate of some more advanced processes is further improved</strong></p><p>The company's mature processes of 55nm and above have continued to be at full capacity since 2020H2. In 2020Q4, the company's revenue of 40nm and below nodes has experienced a month-on-month decline. It is speculated that it may be the impact of the suspension of supply by major customers after September 15. Among them, 14/28 nm revenue fell by 68% month-on-month, and 40/45 nm node revenue fell by 19% month-on-month, reflecting that the capacity utilization rate below 40nm was still low at that time.</p><p>We expect that the company's 14nm capacity utilization rate will improve significantly in 2021Q1. Under the current background of tight production capacity of Taiwanese manufacturers, some domestic main control chip and mining machine chip manufacturers have added orders for 14nm in SMIC.</p><p>At the same time, at 40nm, 28nm and other nodes, we also see some customers such as<a href=\"https://laohu8.com/S/300458\">Allwinner Technology</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>The 2021Q1 performance showed unexpected growth. We expect to see a significant improvement in the capacity utilization rate of some of the company's more advanced processes of 40nm and below in the first quarter.<strong>In terms of production expansion, SMIC Shenzhen and SMIC Beijing projects may form a follow-up production capacity echelon</strong></p><p>SMIC announced on March 17 that it had signed a framework agreement to introduce Shenzhen state-owned assets and expand the production capacity of 40,000 pieces/month of 12-inch wafers in vacant factories in Shenzhen. The expanded production capacity is expected to be put into production in 2022 (for details, see the \"Comments on Major Matters in SMIC-Introducing Shenzhen State-owned Assets to Expand 12-inch Production Lines, Benefiting Industry Out-of-Stock and Domestic Substitution\").</p><p>SMIC is currently building four factories of the SMIC Beijing project in the Majuqiao area of Yizhuang, Beijing, each with a production capacity of 50,000 pieces/month and a total production capacity of 200,000 pieces/month. The first phase of the project invests approximately US $7.6 billion to build two factories with a monthly production capacity of 100,000 pieces. It is currently in the civil construction stage. The first P1 factory is expected to be completed in 2022 ~ 2023, and the P2 factory is expected to be completed in 2025 (see \"SMIC Tracking Report-Smooth Expansion of Mature Process Production, Expected ROE Improvement in the Future\" released on March 1).</p><p>The company's follow-up production capacity echelon layout is clear, and we are optimistic that the company's mature manufacturing processes will continue to expand production on a large scale for a long time.</p><p>Many domestic design companies are growing rapidly with mature manufacturing processes, such as in the field of image sensors (the main manufacturing process is 55 ~ 65nm)<a href=\"https://laohu8.com/S/603501\">Weir Shares</a>, memory field (55 ~ 65nm)<a href=\"https://laohu8.com/S/603986\">GigaDevice Innovation</a>, Unisoc in the field of IoT chips (28 ~ 40nm), Rockchip, Allwinner Technology, etc. in the field of logic chips (14 ~ 40nm).</p><p>We believe that the company is expected to grow together with domestic high-quality design companies and share the domestic substitution dividend.</p><p><strong>Risk Factors:</strong>Market demand is declining; Uncertainty in international environment and license acquisition; New technology research and development and mass production are lower than expected, etc.</p><p><strong>Earnings forecasts, valuations and ratings:</strong>We expect that the company will continue to benefit from domestic substitution and maintain prosperity in the downstream. The trend will improve in 2021. It is expected that the company's gross profit margin will decline year-on-year in 2021 due to the depreciation pressure of advanced manufacturing processes in the early stage, and then it is expected to gradually pick up.</p><p>Editor/charlie</p><p></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CITIC: The industrial chain is out of stock, price increases + production expansion are expected to drive SMIC's performance upward</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\">\nCITIC: The industrial chain is out of stock, price increases + production expansion are expected to drive SMIC's performance upward\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中信证券研究</strong><span class=\"h-time small\">2021-04-07 11:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article><strong>CORE POINT</strong></p><p>Under the current background of industry production capacity shortage,<a href=\"https://laohu8.com/S/SMI\">SMIC</a>The capacity of mature processes continues to be fully loaded, and the capacity utilization rate of more advanced processes is expected to improve significantly. The company has recently raised OEM prices, and the increase in ASP is expected to drive profit improvements.</p><p>At present, the company's capacity utilization rate, ASP and industry prosperity sustainability are more optimistic than those at the February performance meeting. We believe that the company's performance this year is expected to be better than the previous guidance.</p><p>We are optimistic for a long time that the company will continue to expand production on a large scale with higher capital expenditures. In the process of developing mature manufacturing processes, ROE is expected to increase in the future. The company will continue to carry out advanced technology research and development to replace the core target for domestic chip manufacturing. Buy rating.<strong>The current tight supply and demand situation in the industry is severe, and the company, as a wafer foundry with increased production capacity, is expected to benefit</strong></p><p><a href=\"https://laohu8.com/S/688981\">SMIC</a>Dr. Zhou Zixue, Chairman of the Board, said in the opening speech of SEMICON China on March 17, 2021 that the current global supply of semiconductors is still in a very tight situation. The downstream complete machine industry is affected by the tight supply of semiconductors. Such a serious situation has never occurred in history. According to the memories of practitioners, a similar situation only occurred in 1999.</p><p>The reasons for this round of chip shortages need to be viewed from both supply and demand aspects: on the one hand, market demand growth far exceeds expectations. The average number of mobile phones has increased from 4-5 to 7-8 for 5G mobile phones. At the same time, the demand for IoT/smart homes and automotive electronics is rising. The growth of servers and PCs under the epidemic economy has also led to a sharp increase in chip demand.</p><p>On the other hand, the speed of production expansion is difficult to catch up with the growth in demand. Under the influence of the epidemic, some overseas fabs have slowed down their production expansion plans, and major global suppliers have suspended<span>shipment</span>, even if the equipment enters the factory, there is no team to install it, which directly leads to the delay of the expansion of production capacity.</p><p><a href=\"https://laohu8.com/S/00981\">SMIC</a>In 2020, the monthly production capacity of 8-inch wafers will be expanded by 30,000 pieces and 12-inch wafers by 20,000 pieces. The supply is still in short supply and full-load operations will be maintained. In 2021, the company plans to continue to expand 8-inch wafers by no less than 45,000 pieces and 12-inch wafers by 10,000 pieces.<strong>The company raises OEM prices, ASP is expected to increase</strong></p><p>According to industry research, SMIC raised its wafer foundry prices in the first quarter. Globally, SMIC's price increase is relatively late, later than<a href=\"https://laohu8.com/S/UMC\">UMC</a>, PSMC and other manufacturers. We expect that the price increase will mainly have a positive contribution to the company's profit margin. At the same time, under the tight production capacity, the company's product portfolio may further improve, and it can produce more high<span>GROSS PROFIT</span>PRODUCT.<strong>The capacity of mature processes is fully loaded, and the capacity utilization rate of some more advanced processes is further improved</strong></p><p>The company's mature processes of 55nm and above have continued to be at full capacity since 2020H2. In 2020Q4, the company's revenue of 40nm and below nodes has experienced a month-on-month decline. It is speculated that it may be the impact of the suspension of supply by major customers after September 15. Among them, 14/28 nm revenue fell by 68% month-on-month, and 40/45 nm node revenue fell by 19% month-on-month, reflecting that the capacity utilization rate below 40nm was still low at that time.</p><p>We expect that the company's 14nm capacity utilization rate will improve significantly in 2021Q1. Under the current background of tight production capacity of Taiwanese manufacturers, some domestic main control chip and mining machine chip manufacturers have added orders for 14nm in SMIC.</p><p>At the same time, at 40nm, 28nm and other nodes, we also see some customers such as<a href=\"https://laohu8.com/S/300458\">Allwinner Technology</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>The 2021Q1 performance showed unexpected growth. We expect to see a significant improvement in the capacity utilization rate of some of the company's more advanced processes of 40nm and below in the first quarter.<strong>In terms of production expansion, SMIC Shenzhen and SMIC Beijing projects may form a follow-up production capacity echelon</strong></p><p>SMIC announced on March 17 that it had signed a framework agreement to introduce Shenzhen state-owned assets and expand the production capacity of 40,000 pieces/month of 12-inch wafers in vacant factories in Shenzhen. The expanded production capacity is expected to be put into production in 2022 (for details, see the \"Comments on Major Matters in SMIC-Introducing Shenzhen State-owned Assets to Expand 12-inch Production Lines, Benefiting Industry Out-of-Stock and Domestic Substitution\").</p><p>SMIC is currently building four factories of the SMIC Beijing project in the Majuqiao area of Yizhuang, Beijing, each with a production capacity of 50,000 pieces/month and a total production capacity of 200,000 pieces/month. The first phase of the project invests approximately US $7.6 billion to build two factories with a monthly production capacity of 100,000 pieces. It is currently in the civil construction stage. The first P1 factory is expected to be completed in 2022 ~ 2023, and the P2 factory is expected to be completed in 2025 (see \"SMIC Tracking Report-Smooth Expansion of Mature Process Production, Expected ROE Improvement in the Future\" released on March 1).</p><p>The company's follow-up production capacity echelon layout is clear, and we are optimistic that the company's mature manufacturing processes will continue to expand production on a large scale for a long time.</p><p>Many domestic design companies are growing rapidly with mature manufacturing processes, such as in the field of image sensors (the main manufacturing process is 55 ~ 65nm)<a href=\"https://laohu8.com/S/603501\">Weir Shares</a>, memory field (55 ~ 65nm)<a href=\"https://laohu8.com/S/603986\">GigaDevice Innovation</a>, Unisoc in the field of IoT chips (28 ~ 40nm), Rockchip, Allwinner Technology, etc. in the field of logic chips (14 ~ 40nm).</p><p>We believe that the company is expected to grow together with domestic high-quality design companies and share the domestic substitution dividend.</p><p><strong>Risk Factors:</strong>Market demand is declining; Uncertainty in international environment and license acquisition; New technology research and development and mass production are lower than expected, etc.</p><p><strong>Earnings forecasts, valuations and ratings:</strong>We expect that the company will continue to benefit from domestic substitution and maintain prosperity in the downstream. The trend will improve in 2021. It is expected that the company's gross profit margin will decline year-on-year in 2021 due to the depreciation pressure of advanced manufacturing processes in the early stage, and then it is expected to gradually pick up.</p><p>Editor/charlie</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021040711015779b96d4b&s=b\">中信证券研究</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/80c13588f559343a96ce06d72d3cf4d5","relate_stocks":{"688981":"中芯国际","00981":"中芯国际","SMI":"VanEck HIP Sustainable Muni ETF"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021040711015779b96d4b&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2125123787","content_text":"核心观点在当前行业产能紧缺背景下，中芯国际成熟制程产能持续满载，较先进制程产能利用率有望明显改善。公司近期调涨代工价格，ASP 提升有望带动利润改善。当前公司的产能利用率、ASP 以及行业景气持续性较2 月业绩会时更加乐观，我们认为公司今年业绩表现有望好于此前指引。我们长期看好公司以较高资本开支持续扩产做大规模，在发展成熟制程过程中，未来ROE 有望提升，公司持续开展先进技术研发，为芯片制造国产替代核心标的，给予目标价38.70 港元，维持「买入」评级。当前行业供需紧张局面严峻，公司作为有产能增量的晶圆代工厂料将受益中芯国际董事长周子学博士在2021 年3 月17 日SEMICON China 开幕致辞上表示，「当前全球半导体的供应还是处于非常紧张的局面」，「下游整机行业受到半导体供应紧张影响，历史上从未出现过如此严重的情况，据从业人员回忆，只有在1999 年发生过类似局面。」本轮芯片缺货原因需从供需两方面来看：一方面，市场需求增长远超预期，5G 手机主芯片、射频前端、电源管理芯片等较4G均有升级，例如单机PMIC 芯片数量从4G 手机平均4-5 颗增加到了5G 手机7-8颗，同时IoT/智能家居、汽车电子需求上行，疫情宅经济下服务器、PC 增长也导致芯片需求剧增。另一方面，扩产的速度难以追上需求的增长，在疫情影响下，部分海外晶圆厂放慢扩产计划，全球主要供应商暂停出货，即便设备进厂也没有团队安装，这直接导致产能的扩充进度延期。中芯国际在2020 年扩产8 英寸晶圆月产能3 万片、12 英寸2 万片，依然供不应求，维持满载运营，2021 年公司计划继续扩增8 英寸晶圆不少于4.5 万片、12 英寸1 万片。公司调涨代工价格，ASP 料将提升根据产业调研，中芯国际一季度有上调其晶圆代工价格。在全球范围，中芯国际涨价的时间点相对靠后，晚于联电、力积电等厂商。我们预计涨价将主要对公司利润率有正向贡献，同时在产能紧张状态下，公司产品组合或有进一步改善，可以相应生产更多高毛利产品。成熟制程产能满载，较先进制程部分产能利用率有进一步提升公司55nm 及以上成熟制程部分自2020H2 起持续处于产能满载状态，2020Q4 公司40nm 及以下节点收入曾出现环比下降, 推测或为9 月15 日后大客户停供的影响，其中14/28nm 收入环比下降68%、40/45nm 节点收入环比下降19%，反映当时40nm以下产能利用率尚低。我们预计2021Q1 公司14nm 产能利用率会有明显改善，在当前台厂产能吃紧背景下，部分国产主控芯片、矿机芯片厂商已在中芯国际14nm 加单。同时在40nm、28nm 等节点，我们也看到部分客户例如全志科技、瑞芯微的2021Q1 业绩出现超预期增长。我们预计一季度有望看到公司40nm及以下较先进制程部分产能利用率的明显改善。扩产方面，中芯深圳和中芯京城项目或形成后续产能梯队中芯国际 3 月 17 日公告签 署框架协议拟引入深圳国资，在深圳空置厂房中扩增 4 万片/月 12 英寸晶圆产能，扩增 产能有望在 2022 年投产（详见 3 月 18 日发布的《中芯国际重大事项点评——引入深圳 国资扩产 12 英寸产线，受益行业缺货和国产替代》）。中芯国际目前还在北京亦庄马驹 桥地区建设「中芯京城」项目 4 栋厂房，每栋产能 5 万片/月，总产能为 20 万片/月。其 中一阶段项目投资约 76 亿美元，建设两栋厂房，形成 10 万片/月产能，目前处于土建阶段，首栋 P1 厂房预估 2022~2023 年完工，P2 厂房预计于 2025 年完工（详见 3 月 1 日发布的《中芯国际跟踪报告——成熟制程扩产顺利，未来 ROE 提升有望》）。公司后续产能梯队布局明确，我们长期看好公司成熟制程持续扩产做大规模。成熟制程已有众 多国内设计公司正在快速成长，例如图像传感器领域（主要制程为 55~65nm）的韦尔股份、存储器领域（55~65nm）的兆易创新、物联网芯片领域（28~40nm）的紫光展锐、 逻辑芯片领域（14~40nm）的瑞芯微、全志科技等。我们认为公司有望与国内优质设计公司一同成长，共享国产替代红利。风险因素：市场需求下行；国际环境及许可证获取的不确定性；新技术研发、量产低于预期等。盈利预测、估值及评级：我们预计公司将持续受益国产替代、下游保持景气，2021 年 趋势向好，预计因前期先进制程折旧压力 2021 年公司毛利率将同比下滑，随后有望逐步回升。编辑/charlie","news_type":1,"symbols_score_info":{"688981":1,"SMI":1,"00981":1}},"isVote":1,"tweetType":1,"viewCount":1941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357169300,"gmtCreate":1617247226000,"gmtModify":1704697772291,"author":{"id":"3576788794749777","authorId":"3576788794749777","name":"乐_0966","avatar":"https://static.tigerbbs.com/cb3170d3f962d89ccf7eaf81f69dce1b","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3576788794749777","idStr":"3576788794749777"},"themes":[],"htmlText":"Good job! Trust it!&nbsp;","listText":"Good job! Trust it!&nbsp;","text":"Good job! Trust it!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357169300","repostId":"2124205484","repostType":2,"repost":{"id":"2124205484","kind":"news","pubTimestamp":1617246431,"share":"https://ttm.financial/m/news/2124205484?lang=en_US&edition=fundamental","pubTime":"2021-04-01 11:07","market":"hk","language":"zh","title":"SMIC: The company plans not to distribute profits in 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=2124205484","media":"TechWeb.com.cn","summary":"4月1日消息，中芯国际今日发布公告称，公司2020年度拟不进行利润分配，这也是全体独立非执行董事的意见。因此，我们一致同意公司2020年度拟不进行利润分配的预案。中芯国际披露的2020年年报显示，上市公司全年营业收入274.71亿元，同比增长24.8%；净利润43.32亿元，同比增长141.5%；扣非后净利润16.97亿元，去年同期扣非后净利润为-5.22亿元，成功扭亏为盈。","content":"<p><html><body><article>News on April 1,<a href=\"https://laohu8.com/S/SMI\">SMIC</a>Today's announcement stated that the company plans not to distribute profits in 2020, which is also the opinion of all independent non-executive directors.</p><p>According to the announcement, all independent non-executive directors of the company believe that the company's plan not to distribute profits in 2020 takes into account the company's current operating conditions, capital expenditure needs, future development and other factors, and is in line with the company's long-term development needs and the long-term interests of shareholders. It also complies with the provisions of relevant laws and regulations, normative documents and the company's profit distribution policy, and there is no harm to the interests of the company and shareholders, especially small and medium shareholders. Therefore, we unanimously agree with the company's plan not to distribute profits in 2020.</p><p><a href=\"https://laohu8.com/S/688981\">SMIC</a>The disclosed 2020 annual report shows that listed companies throughout the year<span>Operating income</span>27.471 billion yuan, a year-on-year increase of 24.8%;<span>Net profit</span>4.332 billion yuan, a year-on-year increase of 141.5%; The net profit after deducting non-existing expenses was 1.697 billion yuan, and the net profit after deducting non-existing expenses in the same period last year was-522 million yuan, successfully turning losses into profits.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210401110711763v17302m3enxy4n2\"/></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SMIC: The company plans not to distribute profits in 2020</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\">\nSMIC: The company plans not to distribute profits in 2020\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TechWeb.com.cn</strong><span class=\"h-time small\">2021-04-01 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>News on April 1,<a href=\"https://laohu8.com/S/SMI\">SMIC</a>Today's announcement stated that the company plans not to distribute profits in 2020, which is also the opinion of all independent non-executive directors.</p><p>According to the announcement, all independent non-executive directors of the company believe that the company's plan not to distribute profits in 2020 takes into account the company's current operating conditions, capital expenditure needs, future development and other factors, and is in line with the company's long-term development needs and the long-term interests of shareholders. It also complies with the provisions of relevant laws and regulations, normative documents and the company's profit distribution policy, and there is no harm to the interests of the company and shareholders, especially small and medium shareholders. Therefore, we unanimously agree with the company's plan not to distribute profits in 2020.</p><p><a href=\"https://laohu8.com/S/688981\">SMIC</a>The disclosed 2020 annual report shows that listed companies throughout the year<span>Operating income</span>27.471 billion yuan, a year-on-year increase of 24.8%;<span>Net profit</span>4.332 billion yuan, a year-on-year increase of 141.5%; The net profit after deducting non-existing expenses was 1.697 billion yuan, and the net profit after deducting non-existing expenses in the same period last year was-522 million yuan, successfully turning losses into profits.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210401110711763v17302m3enxy4n2\"/></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202104011107117d3ddd4e&s=b\">TechWeb.com.cn</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e9c35ed98221796867ee3eb028c7fe9e","relate_stocks":{"688981":"中芯国际","SMI":"VanEck HIP Sustainable Muni ETF","00981":"中芯国际"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202104011107117d3ddd4e&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2124205484","content_text":"4月1日消息，中芯国际今日发布公告称，公司2020年度拟不进行利润分配，这也是全体独立非执行董事的意见。根据公告，公司全体独立非执行董事认为，公司2020年度拟不进行利润分配的预案考虑了公司现阶段的经营状况、资本支出需求、未来发展等因素，符合公司长远发展需要和股东长远利益，亦符合有关法律法规、规范性文件和公司利润分配政策的规定，不存在损害公司及股东，特别是中小股东利益的情形。因此，我们一致同意公司2020年度拟不进行利润分配的预案。中芯国际披露的2020年年报显示，上市公司全年营业收入274.71亿元，同比增长24.8%；净利润43.32亿元，同比增长141.5%；扣非后净利润16.97亿元，去年同期扣非后净利润为-5.22亿元，成功扭亏为盈。","news_type":1,"symbols_score_info":{"48653":0.6,"48654":0.6,"688981":1,"00981":1,"SMI":1}},"isVote":1,"tweetType":1,"viewCount":1904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}