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旷世猛男

旷世猛男

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2023-01-22

Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。

Sorry, the original content has been removed

2023-01-30

So high price is necessory for industry success？

Ideal L5 model announced for the first time: not an SUV, the price remains above 200,000

2023-01-07

party go forward

Viewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%

2023-02-20

Buy stock against Goldman Sachs😄

Goldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year

2023-02-02

It is better than die immediately。

Nio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company

2022-12-27

give the last sentence to the ***

How did the 174-year-old Pfizer become the world's largest pharmaceutical company?

2023-04-11

It is sign of all in

Goldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?

2023-04-07

How next MaYuns are？

Li Bin wants to be the next Liu Qiangdong?

2023-02-21

so？

Faraday Future expands pre-market gains and plans to start production of FF 91 on March 30

2023-02-17

clear

Wang Yawei's "going to the United States to buy the bottom" exposure: digging local coal and smelting local steel

2023-02-16

It is time to cut

Betting on the Chinese market has become Wall Street's "most crowded trade"

2023-02-16

great fox

Sorry, the original content has been removed

2023-02-10

he just look down economic of some country

Accelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?

2023-02-05

Villa is still there，but owner has been otherplace of the world。

Rich people dump mansions like crazy

2023-02-02

……

Sorry, the original content has been removed

Go to Tiger App to see more news

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According to data compiled by FactSet, Wall Street expects the operating profit of U.S. companies to shrink by an average of 6.8% in the first quarter. If this materializes, it will mark the worst quarterly contraction in U.S. corporate profits since the third quarter of 2020.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14200df1bdec7b16de0cae7aa28f3bf5\" title=\"\" tg-width=\"1024\" tg-height=\"784\"/></p><p>Goldman Sachs believes that,<strong>First, corporate profit margins will be key.</strong>The worst inflation in 40 years is squeezing corporate profit margins. Last quarter, profit margins of S&P 500 companies fell 11.2%, beating expectations of 11.1%. For this reason, companies that have solid plans to protect their profit margins should be favored by investors.</p><p>Goldman says:</p><p>With margins expected to see their biggest quarterly contraction since the pandemic, investors will be watching which companies manage to maintain margins, and by what means. Improving pricing power, cutting costs, or implementing a stricter expense management strategy may pay off.<strong>The second point is whether enterprises are using artificial intelligence AI to cut costs and improve operational efficiency.</strong>As the rise of ChatGPT makes AI one of the most talked about investment trends in 2023,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Large technology companies such as AI have dominated the AI field, and their rising performance offset weakness in other market sectors, while pushing the Nasdaq 100 index back into bull market range.</p><p>In this way, companies can make up for weak profits and sales and use AI to their advantage, especially if AI can help improve profit margins by improving labor efficiency, Goldman Sachs said:</p><p>The gradual adoption of generative artificial intelligence by enterprises to automate work tasks and improve labor efficiency could be a new potential tailwind for profit margins.<strong>The third point is that businesses cut back on spending</strong>, this sign has begun to appear.</p><p>Goldman Sachs' share buybacks fell more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021 and remain weak, Goldman Sachs said. In addition, several leading economic indicators show that companies are cutting spending on capital projects and research and development. Therefore, investors are expected to pay close attention to any relevant signs that emerge during the earnings call.</p><p><strong>The fourth point is that investors need to develop strategies to protect their portfolios.</strong></p><p>Big tech stocks have supported the S&P 500's rally in the past, while value-oriented stocks have lagged the broader market after a stellar 2022 performance. Technically speaking, when corporate earnings shrink for two consecutive quarters, it can be called an \"earnings recession\". While earnings recessions typically coincide with broader economic downturns, this is not always the case.</p><p>Citing S&P data, Ed Yardeni, president of research firm Yardeni Research, said that historically, during recessions, S&P 500 companies have always seen earnings per share decline. But things could be different this time, and corporate earnings could fall in the absence of a full-blown recession.</p><p>Regardless of the overall economic situation, there are still expectations that weak corporate results could push the S&P 500 back to its lows in October last year, when it fell below 3,600.</p><p>Phil Orlando, chief stock market strategist at Federated Hermes, advocates a defensive investment strategy, focusing on lower-priced value stocks, small-cap stocks and international stocks, as well as industries with lower risk and higher Dividend yields. \"We still like cash and U.S. debt\".</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?\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\">2023-04-10 23:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Enterprises' profit margins, whether to use AI to cut costs and improve operational efficiency, cut spending, and develop strategies to protect their portfolios will be the focus of this market storm.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>There are warnings that U.S. stocks will have their worst earnings season since the epidemic, but there are still four key factors that can protect investors.</p><p>On Sunday local time, a team led by Goldman Sachs chief U.S. equity strategist David Kostin said in a research report that although U.S. stocks may usher in their worst earnings season in three years, causing U.S. stocks to plummet, formulating appropriate investment strategies may help Investors protect their portfolios.</p><p>Analysts slashed their estimates as the U.S. economic outlook worsened in the first quarter. According to data compiled by FactSet, Wall Street expects the operating profit of U.S. companies to shrink by an average of 6.8% in the first quarter. If this materializes, it will mark the worst quarterly contraction in U.S. corporate profits since the third quarter of 2020.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14200df1bdec7b16de0cae7aa28f3bf5\" title=\"\" tg-width=\"1024\" tg-height=\"784\"/></p><p>Goldman Sachs believes that,<strong>First, corporate profit margins will be key.</strong>The worst inflation in 40 years is squeezing corporate profit margins. Last quarter, profit margins of S&P 500 companies fell 11.2%, beating expectations of 11.1%. For this reason, companies that have solid plans to protect their profit margins should be favored by investors.</p><p>Goldman says:</p><p>With margins expected to see their biggest quarterly contraction since the pandemic, investors will be watching which companies manage to maintain margins, and by what means. Improving pricing power, cutting costs, or implementing a stricter expense management strategy may pay off.<strong>The second point is whether enterprises are using artificial intelligence AI to cut costs and improve operational efficiency.</strong>As the rise of ChatGPT makes AI one of the most talked about investment trends in 2023,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Large technology companies such as AI have dominated the AI field, and their rising performance offset weakness in other market sectors, while pushing the Nasdaq 100 index back into bull market range.</p><p>In this way, companies can make up for weak profits and sales and use AI to their advantage, especially if AI can help improve profit margins by improving labor efficiency, Goldman Sachs said:</p><p>The gradual adoption of generative artificial intelligence by enterprises to automate work tasks and improve labor efficiency could be a new potential tailwind for profit margins.<strong>The third point is that businesses cut back on spending</strong>, this sign has begun to appear.</p><p>Goldman Sachs' share buybacks fell more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021 and remain weak, Goldman Sachs said. In addition, several leading economic indicators show that companies are cutting spending on capital projects and research and development. Therefore, investors are expected to pay close attention to any relevant signs that emerge during the earnings call.</p><p><strong>The fourth point is that investors need to develop strategies to protect their portfolios.</strong></p><p>Big tech stocks have supported the S&P 500's rally in the past, while value-oriented stocks have lagged the broader market after a stellar 2022 performance. Technically speaking, when corporate earnings shrink for two consecutive quarters, it can be called an \"earnings recession\". While earnings recessions typically coincide with broader economic downturns, this is not always the case.</p><p>Citing S&P data, Ed Yardeni, president of research firm Yardeni Research, said that historically, during recessions, S&P 500 companies have always seen earnings per share decline. But things could be different this time, and corporate earnings could fall in the absence of a full-blown recession.</p><p>Regardless of the overall economic situation, there are still expectations that weak corporate results could push the S&P 500 back to its lows in October last year, when it fell below 3,600.</p><p>Phil Orlando, chief stock market strategist at Federated Hermes, advocates a defensive investment strategy, focusing on lower-priced value stocks, small-cap stocks and international stocks, as well as industries with lower risk and higher Dividend yields. \"We still like cash and U.S. debt\".</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3686124\">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/c071f2ab0c6974c2d1c9c1f5115fb3fc","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://wallstreetcn.com/articles/3686124","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326931613","content_text":"企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。高盛警告称，美股将出现自疫情以来最糟糕的财报季，但仍有四个关键因素可以保护投资者的利益。当地时间周日，高盛首席美国股票策略师 David Kostin 带领的团队在研报中表示，尽管美股可能迎来3年以来的最糟糕财报季，导致美股暴跌，但制定适宜的投资策略可能有助于投资者保护自己的投资组合。随着美国第一季度经济前景恶化，分析师大幅下调了他们的预期。根据 FactSet 汇编的数据，华尔街预计，美国企业一季度的营业利润将平均萎缩6.8%。如果这成为现实，将标志着美国企业利润自2020年第三季度以来最严重的季度收缩。高盛认为，首先，企业利润率将是关键。40年来最严重的通胀正在挤压企业的利润率。上个季度，标普500指数成分股公司的利润率下降了11.2%，超过了预期的11.1%。正因如此，那些有可靠计划保护其利润率的公司应该会得到投资者的青睐。高盛表示：由于利润率预计将出现疫情以来最大的季度萎缩，投资者将关注哪些公司设法保持利润率，以及通过什么方式保持利润率。 提高定价能力、削减成本或实行更严格的费用管理战略可能会获得回报。第二点是企业是否在利用人工智能AI来削减成本和提高运营效率。由于ChatGPT的兴起使AI成为2023年最受关注的投资趋势之一，微软母公司Alphabet、谷歌和英伟达等大型科技公司在AI领域占据了主导地位，其业绩上涨抵消了其他市场板块的疲软，同时推动纳斯达克100指数重回牛市区间。高盛表示，通过这种方式，企业能够弥补利润和销售的疲软，并利用AI来发挥自己的优势，尤其是如果AI能够通过提高劳动效率来帮助提高利润率：企业逐渐采用生成式人工智能来使工作任务自动化，提高劳动效率，这可能是利润率的一个新的潜在利好因素。第三点是企业削减支出，这一迹象已经开始显现。高盛表示，与2021年第四季度相比，去年第四季度高盛的股票回购下降了20%以上，仍然处于疲软状态。此外，几项领先的经济指标显示，企业正在削减资本项目和研发方面的支出。因此，预计投资者将密切关注财报电话会中出现的任何相关迹象。第四点是投资者需要制定保护自己投资组合的策略。过去，大型科技股一直支撑着标普500指数的涨势，而以价值为导向的股票在2022年表现出色后却落后于大盘。从技术上讲，当企业盈利连续两个季度萎缩时，就可以称之为“盈利衰退”。 虽然盈利衰退通常与更广泛的经济衰退同时出现，但情况并非总是如此。研究公司 Yardeni Research 总裁 Ed Yardeni 引用标准普尔的数据表示，从历史上看，在经济衰退期间，标普500指数成分股公司的每股收益总是会下降。但这一次情况可能有所不同，在没有出现经济全面衰退的情况下，企业盈利就可能会下降。无论整体经济形势如何，仍有人预计疲软的企业业绩可能推动标普500指数回落至去年10月的低点，当时该指数跌破了3600点。Federated Hermes 首席股市策略师 Phil Orlando 主张采取防御型的投资策略，重点关注价格较低的价值股、小盘股和国际股，以及具有较低风险和较高股息收益率的行业，“我们仍喜欢现金和美债”。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":653614216,"gmtCreate":1680825060837,"gmtModify":1680825060837,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"How next MaYuns are？","listText":"How next MaYuns are？","text":"How next MaYuns are？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/653614216","repostId":"1182296461","repostType":4,"repost":{"id":"1182296461","kind":"news","pubTimestamp":1680787547,"share":"https://ttm.financial/m/news/1182296461?lang=en_US&edition=fundamental","pubTime":"2023-04-06 21:25","market":"hk","language":"zh","title":"Li Bin wants to be the next Liu Qiangdong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1182296461","media":"华尔街见闻","summary":"蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。","content":"<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still like gambling so much, making great efforts and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio's third-generation battery swap station made its debut. This is a big killer that distinguishes it from its peers and an important bargaining chip for betting on the future.<br/><br/>The number of battery warehouses in the new battery swap station has increased from 13 to 21, and the single-day site service capacity is 30% higher than that of the second-generation station; The battery replacement time is shortened to less than 5 minutes; Some third-generation stations will also be equipped with lidar and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have smart driving configurations.<br/><br/>And the \"smart\" Nio also laid out supercharging piles and battery swap stations together. According to Shen Fei, senior vice president of Nio Energy, the integrated charging and swapping station is equivalent to one investment in the high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most amazing thing. Nio's ambition is reflected in the number of installations. This year, about 1,000 third-generation power swap stations will be built across the country, of which about 600 will be deployed in urban areas, and some will be built in third-and fourth-tier cities.<br/><br/>You know, after NIO deployed its first battery swap station in 2018, there are only more than 1,300 existing stations, and the construction of 1,000 new stations is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swap stations will inevitably lead to doubts from investors for a car company that is still losing money.<br/><br/>In the fourth quarter of 2022, Nio's gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio's net loss in the quarter also climbed to 5.786 billion yuan, nearly doubling year-on-year.<br/><br/>But Shen Pei bluntly said that the battery swap station will definitely not take the blame for this (loss), and the value created by battery swap is very great.<br/><br/>The value he talks about is users and sales.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one who gambles heavily on battery swapping. It is Li Bin's creed to build cars and power stations together, and to attract more users through services such as battery swapping.<br/><br/>In the early days, Nio built a moat with the ultimate user experience by replacing batteries for free. To this day, Nio still insists on the model of replacing batteries.<br/><br/>According to Shen Fei, at present, more than half of the power used by Nio car owners to replenish energy comes from battery swaps, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio's style of play is a bit like JD.com back then.<br/><br/>In the field of e-commerce, JD.com also insisted on self-operation and self-built logistics with heavy money. Because Liu Qiangdong discovered the pain point of demand, he wanted to provide high-quality and fast-delivery goods.<br/><br/>For a long time, JD.com, whose profits were dragged down by self-construction, was questioned, but in the end JD.com's model succeeded and gained a firm foothold in the industry.<br/><br/>The self-operated model has also made Liu Qiangdong another e-commerce giant that no one can surpass after Ali Taobao.<br/><br/>Nio insists on building its own battery swap stations. Once scale barriers are formed and user habits are cultivated, it is equivalent to delineating and locking some heavy users. Car owners' replacement or word-of-mouth communication will contribute to Nio's sales and further consolidate its market share.<br/><br/>From the perspective of user experience, except that there are not so many sites, battery replacement is almost the only energy replenishment method that can be compared with the refueling efficiency of fuel vehicles.<br/><br/>But the problem is that in the case of continuous losses, heavy investment in battery replacement and sales growth must strike a balance, otherwise Nio will not be able to support it for a long time.<br/><br/>According to the conservative estimate of 2 million yuan for the construction cost of a single station for 1,000 new battery swap stations in Nio this year, it will require at least 2 billion yuan, which does not include operating costs.<br/><br/>For Nio, who currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to the sales volume, it will kill the patience of investors.<br/><br/>At the performance meeting, Li Bin, chairman of Nio, set a lot of FLAGs. In addition to achieving the annual sales target of 240,000 units, Nio will also achieve breakeven in Q4 this year.<br/><br/>Nio, who gambles heavily on battery replacement, is a bold alternative among the new forces.<br/><br/>Li Bin also admitted that friends and businessmen have a lot of confusion and are faced with very difficult choices. \"Nio is a startup company, and it is not qualified to stop and think too much. While ensuring that business risks are controllable and efficiency is improved, we still believe that we must resolutely invest in long-term and final victory.\"<br/><br/>Standing at the moment, no one can know whether Li Bin's choice is right or wrong. Whether Nio wins or loses this gamble can only be tested by time.</p><p></body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Bin wants to be the next Liu Qiangdong?</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\">\nLi Bin wants to be the next Liu Qiangdong?\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\">2023-04-06 21:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still like gambling so much, making great efforts and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio's third-generation battery swap station made its debut. This is a big killer that distinguishes it from its peers and an important bargaining chip for betting on the future.<br/><br/>The number of battery warehouses in the new battery swap station has increased from 13 to 21, and the single-day site service capacity is 30% higher than that of the second-generation station; The battery replacement time is shortened to less than 5 minutes; Some third-generation stations will also be equipped with lidar and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have smart driving configurations.<br/><br/>And the \"smart\" Nio also laid out supercharging piles and battery swap stations together. According to Shen Fei, senior vice president of Nio Energy, the integrated charging and swapping station is equivalent to one investment in the high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most amazing thing. Nio's ambition is reflected in the number of installations. This year, about 1,000 third-generation power swap stations will be built across the country, of which about 600 will be deployed in urban areas, and some will be built in third-and fourth-tier cities.<br/><br/>You know, after NIO deployed its first battery swap station in 2018, there are only more than 1,300 existing stations, and the construction of 1,000 new stations is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swap stations will inevitably lead to doubts from investors for a car company that is still losing money.<br/><br/>In the fourth quarter of 2022, Nio's gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio's net loss in the quarter also climbed to 5.786 billion yuan, nearly doubling year-on-year.<br/><br/>But Shen Pei bluntly said that the battery swap station will definitely not take the blame for this (loss), and the value created by battery swap is very great.<br/><br/>The value he talks about is users and sales.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one who gambles heavily on battery swapping. It is Li Bin's creed to build cars and power stations together, and to attract more users through services such as battery swapping.<br/><br/>In the early days, Nio built a moat with the ultimate user experience by replacing batteries for free. To this day, Nio still insists on the model of replacing batteries.<br/><br/>According to Shen Fei, at present, more than half of the power used by Nio car owners to replenish energy comes from battery swaps, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio's style of play is a bit like JD.com back then.<br/><br/>In the field of e-commerce, JD.com also insisted on self-operation and self-built logistics with heavy money. Because Liu Qiangdong discovered the pain point of demand, he wanted to provide high-quality and fast-delivery goods.<br/><br/>For a long time, JD.com, whose profits were dragged down by self-construction, was questioned, but in the end JD.com's model succeeded and gained a firm foothold in the industry.<br/><br/>The self-operated model has also made Liu Qiangdong another e-commerce giant that no one can surpass after Ali Taobao.<br/><br/>Nio insists on building its own battery swap stations. Once scale barriers are formed and user habits are cultivated, it is equivalent to delineating and locking some heavy users. Car owners' replacement or word-of-mouth communication will contribute to Nio's sales and further consolidate its market share.<br/><br/>From the perspective of user experience, except that there are not so many sites, battery replacement is almost the only energy replenishment method that can be compared with the refueling efficiency of fuel vehicles.<br/><br/>But the problem is that in the case of continuous losses, heavy investment in battery replacement and sales growth must strike a balance, otherwise Nio will not be able to support it for a long time.<br/><br/>According to the conservative estimate of 2 million yuan for the construction cost of a single station for 1,000 new battery swap stations in Nio this year, it will require at least 2 billion yuan, which does not include operating costs.<br/><br/>For Nio, who currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to the sales volume, it will kill the patience of investors.<br/><br/>At the performance meeting, Li Bin, chairman of Nio, set a lot of FLAGs. In addition to achieving the annual sales target of 240,000 units, Nio will also achieve breakeven in Q4 this year.<br/><br/>Nio, who gambles heavily on battery replacement, is a bold alternative among the new forces.<br/><br/>Li Bin also admitted that friends and businessmen have a lot of confusion and are faced with very difficult choices. \"Nio is a startup company, and it is not qualified to stop and think too much. While ensuring that business risks are controllable and efficiency is improved, we still believe that we must resolutely invest in long-term and final victory.\"<br/><br/>Standing at the moment, no one can know whether Li Bin's choice is right or wrong. Whether Nio wins or loses this gamble can only be tested by time.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3685870\">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/e9ded59d3040de65d574da08b6c4ab73","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://wallstreetcn.com/articles/3685870","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1182296461","content_text":"作者 | 柴旭晨蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。3月28日，蔚来第三代换电站首次亮相，这是它区别于同行的大杀器，也是豪赌未来的重要筹码。新的换电站电池仓位数由13个增至21个，单日站点服务能力比二代站高出三成；换电时间缩短至5分钟以内；部分三代站还会装上激光雷达和英伟达的芯片，提供给没有智驾配置的阿尔卑斯等子品牌车型使用。并且“精明”的蔚来还把超充桩和换电站布局在了一起。按照蔚来能源高级副总裁沈斐的说法，充换一体站相当于高压系统投资一次，同时用在换电跟充电。配置还不是最惊人的地方，蔚来的野心体现在铺设的数量上，今年要在全国新建约1000个三代换电站，其中约600座会部署在城区，部分将建在三四线城市。要知道，蔚来自2018年布下首个换电站后，现有的站点也就1300余个，新建1000个相当于今年要翻个倍。然而大量建换电站的策略，对于一家仍在亏损的车企而言，难免招致投资者的质疑。2022年四季度，蔚来的毛利率骤降至 3.9%，全年也仅为10.4%。当季蔚来的净亏损也攀升至57.86 亿元，同比翻了近2倍。但沈裴对此直言，换电站肯定不背这个（亏损）锅，换电创造的价值非常大。他所说的价值就是用户与销量。在新能源产业各个重量级选手中，蔚来一直是豪赌换电的那个，造车与建电站共进，通过换电等服务吸引更多用户，是李斌的信条。早期的蔚来，通过免费换电池，用极致的用户体验建立起了护城河，至今蔚来仍坚持换电这一模式。据沈斐透露，目前蔚来车主补能的电量，有过半都来自换电，并且占比还在不断上升。从用户服务和基建的角度，蔚来的这种打法，有点像当年的京东。在电商领域，京东当年也是坚持自营、重金自建物流。因为刘强东发现了需求痛点，要提供高品质、快速送达的商品。在很长一段时间内，被自建拖累了利润的京东备受质疑，不过最后京东的模式成功了，在业内站稳了脚跟。自营模式也成就了刘强东，成为继阿里淘宝之后又一个没人能超越的电商巨头。蔚来坚持自建换电站，一旦形成规模壁垒，培养了用户习惯，就相当于圈定、锁住了一部分重度用户，车主们换购或者口碑传播，都将给蔚来的销量添砖加瓦，进一步巩固它的市场份额。从用户体验角度出发，除了站点没那么多之外，换电几乎是当下唯一可以与燃油车加油效率相提并论的补能方式。但问题是，在持续亏损的情况下，重金投入换电与销量增长必须取得平衡，否则蔚来无法长期支撑。按照蔚来今年 1000 座新增换电站，单站建设成本 200 万元的保守数字估计，至少需要 20 亿元，这还没算运营成本。对于目前手握 455 亿元现金的蔚来而言，生存或许不再是问题，可花出去的真金白银与销量不成正比的话，却会消磨投资人的耐心。业绩会上，蔚来董事长李斌立了不少FLAG，除了要实现24万台年销目标外，蔚来还要在今年Q4实现盈亏平衡。豪赌换电的蔚来，是新势力中胆大的另类。李斌也坦言，友商同行都有很多困惑，面临非常难的抉择。“蔚来是一家创业公司，没有资格停下来想太多。我们在确保经营风险可控、提升效率的同时，还是认为要坚决为长期的、最后的胜出去投入。”站在当下，没有人能知道李斌的选择是对是错。蔚来的这场赌局胜还是败，只能交给时间去检验。","news_type":1,"symbols_score_info":{"09866":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":624908980,"gmtCreate":1676977838441,"gmtModify":1676977838441,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"so？","listText":"so？","text":"so？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624908980","repostId":"1129103721","repostType":4,"repost":{"id":"1129103721","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":1676975735,"share":"https://ttm.financial/m/news/1129103721?lang=en_US&edition=fundamental","pubTime":"2023-02-21 18:35","market":"us","language":"zh","title":"Faraday Future expands pre-market gains and plans to start production of FF 91 on March 30","url":"https://stock-news.laohu8.com/highlight/detail?id=1129103721","media":"老虎资讯综合","summary":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","content":"<p><html><head></head><body>On Tuesday, Faraday Future's U.S. stocks continued to rise before the market opened, with an increase of more than 13% as of press time. Faraday Future announced on its official website that it plans to start production of FF 91 Futurist on March 30 after the company's investors' funds are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Faraday Future expands pre-market gains and plans to start production of FF 91 on March 30</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\">\nFaraday Future expands pre-market gains and plans to start production of FF 91 on March 30\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\">2023-02-21 18:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Tuesday, Faraday Future's U.S. stocks continued to rise before the market opened, with an increase of more than 13% as of press time. Faraday Future announced on its official website that it plans to start production of FF 91 Futurist on March 30 after the company's investors' funds are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da02b327d14fbb528d302ef2b9995bf1","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129103721","content_text":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","news_type":1,"symbols_score_info":{"FFIE":0.9}},"isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625762636,"gmtCreate":1676863290827,"gmtModify":1676863290827,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Buy stock against Goldman Sachs😄","listText":"Buy stock against Goldman Sachs😄","text":"Buy stock against Goldman Sachs😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625762636","repostId":"1170663535","repostType":4,"repost":{"id":"1170663535","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1676858023,"share":"https://ttm.financial/m/news/1170663535?lang=en_US&edition=fundamental","pubTime":"2023-02-20 09:53","market":"sh","language":"zh","title":"Goldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1170663535","media":"华尔街见闻","summary":"中国股市自1月下旬以来的下跌势头即将出现逆转。","content":"<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives a sharp increase in corporate earnings, the downward trend of China's stock market since late January is about to reverse, and there is still room for growth of 24% before the end of the year. Goldman Sachs believes that China's stock market still has room for 24% growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategist Kinger Lau and others said in the latest report that the MSCI China Index is likely to reach 85 points by the end of 2023, an increase of about 24% from the current level. The downward trend of Chinese stocks since late January is about to reverse.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the driver of potential earnings may shift from multiple expansions to earnings growth or cashout. Growth drivers should lean primarily towards the consumer economy, with services still operating significantly below pre-pandemic levels in 2019, they added.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's average economic growth rate in the four quarters of 2023 is expected to be 6.5%, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that<b>The accelerated recovery of China's economy will also boost global economic growth. By the end of 2023, driven by the accelerated recovery of China's economy and the recovery of domestic demand, the global economy will grow by 1 percentage point more.</b></p><p>Goldman Sachs pointed out in the report that China's economy will have a direct positive impact on global economic growth through three channels: domestic demand, international travel demand and commodity demand. It is estimated that China's domestic demand will increase by 5% this year, driving the GDP growth rate of some Asia-Pacific economies to increase by about 0.4 percentage points; The gradual recovery of China's foreign service demand, especially outbound tourism, will boost the economy of destination countries; In addition, the accelerated recovery of China's economy may boost international commodity demand and prices. China's oil demand may rise by 1 million barrels per day, or the price of Brent oil may rise by about $15 per barrel.</p><p>In addition to Goldman Sachs, many foreign institutions have previously been optimistic about China's growth prospects.</p><p>Earlier this month, Fitch Ratings said in a revised forecast that China's economy would grow by 5% in 2023, much higher than the 4.1% forecast in December. Fitch's Brian Coulton research team believes: \"(China's) rapid rebound from the impact of the new crown means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch noted that the upward forecast is based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" in addition to China's latest PMI data showing further growth.</p><p>The data shows that since November 7, 2022, northbound funds have net inflows into A shares for 13 consecutive weeks. January 16 to January 20, 2023 was the week with the largest net inflow of A shares, reaching 48.513 billion yuan. Judging from monthly data, since February, the net inflow of northbound funds into A shares has been 8.354 billion yuan, while the net inflow in January reached 141.29 billion yuan. This can be said to be the best proof that foreign investors are optimistic about China.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-02-20 09:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives a sharp increase in corporate earnings, the downward trend of China's stock market since late January is about to reverse, and there is still room for growth of 24% before the end of the year. Goldman Sachs believes that China's stock market still has room for 24% growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategist Kinger Lau and others said in the latest report that the MSCI China Index is likely to reach 85 points by the end of 2023, an increase of about 24% from the current level. The downward trend of Chinese stocks since late January is about to reverse.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the driver of potential earnings may shift from multiple expansions to earnings growth or cashout. Growth drivers should lean primarily towards the consumer economy, with services still operating significantly below pre-pandemic levels in 2019, they added.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's average economic growth rate in the four quarters of 2023 is expected to be 6.5%, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that<b>The accelerated recovery of China's economy will also boost global economic growth. By the end of 2023, driven by the accelerated recovery of China's economy and the recovery of domestic demand, the global economy will grow by 1 percentage point more.</b></p><p>Goldman Sachs pointed out in the report that China's economy will have a direct positive impact on global economic growth through three channels: domestic demand, international travel demand and commodity demand. It is estimated that China's domestic demand will increase by 5% this year, driving the GDP growth rate of some Asia-Pacific economies to increase by about 0.4 percentage points; The gradual recovery of China's foreign service demand, especially outbound tourism, will boost the economy of destination countries; In addition, the accelerated recovery of China's economy may boost international commodity demand and prices. China's oil demand may rise by 1 million barrels per day, or the price of Brent oil may rise by about $15 per barrel.</p><p>In addition to Goldman Sachs, many foreign institutions have previously been optimistic about China's growth prospects.</p><p>Earlier this month, Fitch Ratings said in a revised forecast that China's economy would grow by 5% in 2023, much higher than the 4.1% forecast in December. Fitch's Brian Coulton research team believes: \"(China's) rapid rebound from the impact of the new crown means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch noted that the upward forecast is based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" in addition to China's latest PMI data showing further growth.</p><p>The data shows that since November 7, 2022, northbound funds have net inflows into A shares for 13 consecutive weeks. January 16 to January 20, 2023 was the week with the largest net inflow of A shares, reaching 48.513 billion yuan. Judging from monthly data, since February, the net inflow of northbound funds into A shares has been 8.354 billion yuan, while the net inflow in January reached 141.29 billion yuan. This can be said to be the best proof that foreign investors are optimistic about China.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fb2ed00ac5de2097917e40947bc4a36a","relate_stocks":{"HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170663535","content_text":"高盛预计，随着中国经济复苏推动企业盈利大幅增长，中国股市自1月下旬以来的下跌势头即将出现逆转，在年底前还有24%的增长空间。高盛认为中国股市在年底前还有24%的增长空间。当地时间周一，高盛策略师 Kinger Lau 等在最新报告中表示，MSCI中国指数有可能在2023年底前达到85点，较当前水平再上涨约24%。中国股市自1月下旬以来的下跌势头即将出现逆转。策略师们写道：（中国）股市的主要主题将逐渐从重新开放转向复苏，潜在收益的驱动力可能从多重扩张转向盈利增长或兑现。他们补充称，增长动力应主要倾向于消费经济，服务业的运行仍明显低于2019年疫情前的水平。在2月10日，高盛经济学家 Joseph Briggs 和 Devesh Kodnani 就在最新报告中上调了中国经济增速预期，预计2023年中国四个季度经济平均增速6.5%，显著高于去年11月底预测的5.5%。高盛还认为，中国经济加快恢复还将提振全球经济增长。到2023年年底，在中国经济加快恢复与内需复苏的推动下，全球经济将多增长1个百分点。高盛在该报告中指出，中国经济将通过国内需求、国际旅行需求和大宗商品需求三个渠道为全球经济增长带来直接的积极影响。预计今年中国内需将增加5%，带动部分亚太地区经济体的GDP增速提升约0.4个百分点；中国对外服务需求逐渐复苏，尤其是出境旅游，将提振出游目的国经济；此外，中国经济加快恢复或提振国际大宗商品需求和价格。中国每天的石油需求可能会回升100万桶，或令布油价格每桶再上涨约15美元。除了高盛外，多家外资机构此前纷纷看好中国的增长前景。本月初，惠誉评级在修正后的预测中表示，2023年中国经济将增长5%，远高于去年12月预测的4.1%。惠誉 Brian Coulton 研究团队认为：“（中国）从新冠冲击中迅速反弹，意味着2023年上半年的经济活动要比我们预测的强。”惠誉指出，上调预期是基于“消费和经济活动复苏速度快于最初预期的证据”，此外，中国最新的PMI数据显示，中国经济将进一步增长。数据显示，自2022年11月7日以来，北向资金已经连续13周净流入A股。2023年1月16日至1月20日是净流入A股最多的一周，金额达到485.13亿元。从月度数据来看，2月以来，北向资金净流入A股83.54亿元，而1月净流入金额达1412.9亿元。这可以说是外资看好中国的最好证明。","news_type":1,"symbols_score_info":{"HSI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625557717,"gmtCreate":1676602825240,"gmtModify":1676602825240,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"clear","listText":"clear","text":"clear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625557717","repostId":"2312942929","repostType":4,"repost":{"id":"2312942929","kind":"highlight","pubTimestamp":1676595823,"share":"https://ttm.financial/m/news/2312942929?lang=en_US&edition=fundamental","pubTime":"2023-02-17 09:03","market":"hk","language":"zh","title":"Wang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel","url":"https://stock-news.laohu8.com/highlight/detail?id=2312942929","media":"华尔街见闻","summary":"美股投资重现江湖","content":"<p><html><head></head><body>U.S. stock investment has reappeared Wang Yawei, the former boss of the public offering industry and the \"fund brother\", who has been low-key in the A-share market for many years.</p><p>Who would have thought that he would \"blossom and bear fruit\" in US stock investment.</p><p>According to the latest US SEC announcement, Wang Yawei's hedge fund TOP ACE AM has recently made a big attack on the US stock market, taking heavy positions in overseas steel and coal stocks, and also getting involved in investing in virtual currency companies.</p><p>This kind of investment not only refreshed the \"expectation\" of Wang Yawei in the industry, but also made the outside world interested in Wang Yawei's private equity career.</p><p>Although the first brother is no longer in the \"Jianghu\" of public offering, the \"legend\" of his brother comes from the other side.</p><p><b>Already laid out</b></p><p>Wang Yawei's voice has been particularly low in recent years, which makes people mistakenly think that he and his Qianhe investment are no longer brave.</p><p>But in fact, his investment layout and intentions are quite far-reaching.</p><p>As early as 2012, Wang Yawei's \"first year of running private\", he also established a hedge fund in Hong Kong TOP ACE ASSET MANAGEMENT.</p><p>At that time, it was pointed out that Wang Yawei was \"ambitious\" in offshore investment, and the moral of TOP ACE was \"TOP ACE\".</p><p>However, Wang Yawei \"showed his cards\" very rarely. The last time this hedge fund exposed its investment was in 2016. At that time, Lao Wang's top heavyweight stocks had many new energy stocks!</p><p><b>This sense of investment is staggering now.</b></p><p><b>Overseas investment nearly one billion</b></p><p>Since 2016, Wang Yawei's overseas investment has disappeared, and it has been six years since he reappeared.</p><p>A few days ago, Wang Yawei once again appeared in the US market, aiming at a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed the details of its positions at the end of last year. The disclosure document shows:<b>The market value of TOP ACE Asset Management's latest US stock holdings reached US $136 million, close to one billion yuan.</b></p><p>This hedge fund holds 40 U.S. stocks, and the total market value of the top ten holdings accounts for 68% of the total market value of the holdings, which is highly concentrated.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attack \"old assets\"</b></p><p>Specifically, the top six heavyweights of TOP ACE asset management companies are all steel and coal stocks.</p><p>Obviously, Wang Yawei is determined to \"bargain-hunting\" ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's layout is as follows:</p><p>The number one holding is<b>ALPHA METALLURGICAL RESOURCE</b>, owns a number of large local coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock's stock price has doubled in the past year, and its latest P/E is 2.16 times. (Data source is a third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>, is also a metallurgical and coking coal producer. The company claims to provide coking coal and thermal coal to the world. The latest P/E is 2.98 times, an increase of 50% in the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">United States Steel</a>company</b>（<b>UNITED STATES STL CORP</b>), the company founded by the famous steel king Carnegie Andrew Carnegie. The latest P/E is 3.25 times, an increase of 20% in the past year.</p><p>Since then, the fourth to sixth largest holdings are:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Company (ALCOA CORP),</b></p><p><b>PEABODY ENERGY CORP, an important coal company in the United States and Australia.</b></p><p>The common characteristics of the above-mentioned companies are extremely low valuations and distinct main businesses.</p><p><b>By the way, layout \"new assets\"</b></p><p>Starting from the seventh largest holding stock, Wang Yawei's position portfolio began to \"fly\", and various investment directions appeared.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>, this is an Australian mining company whose main business is mining lithium ore.</p><p>The eighth largest holding is Chinese concept stocks<b>Fog Core Technology</b>, e-cigarette companies, and are also rare Chinese concept stocks in Wang Yawei's bottom-hunting US stocks.</p><p>The ninth largest holding is the leading car rental company in the United States<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying low-valued coal mines and steel, Wang Yawei made bets on new energy, overseas consumption, e-cigarettes and virtual currencies.</b></p><p>In addition, although Wang Yawei bought 40 domestic companies in the United States, there are few familiar \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the position, \"only\" one big-name company is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This must also be highly concerned by the market. Zishitang pieced together some information about Wang Yawei's overseas team through public information.</p><p>Public information shows: The signatory of TOP ACE in the US disclosure document is \"Siu Wah CHUNG\", that is, Zhong Zhaohua, who joined TOP ACE Asset Management Company in 2015.</p><p>In addition, the team members include Zhang Yongkang, Xu Baizhi, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, etc.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry information also shows that Zhong Zhaohua, or the chief investment officer of TOPACE, worked at Citibank in the early days.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel</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; 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}\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\">\nWang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel\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\">2023-02-17 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stock investment has reappeared Wang Yawei, the former boss of the public offering industry and the \"fund brother\", who has been low-key in the A-share market for many years.</p><p>Who would have thought that he would \"blossom and bear fruit\" in US stock investment.</p><p>According to the latest US SEC announcement, Wang Yawei's hedge fund TOP ACE AM has recently made a big attack on the US stock market, taking heavy positions in overseas steel and coal stocks, and also getting involved in investing in virtual currency companies.</p><p>This kind of investment not only refreshed the \"expectation\" of Wang Yawei in the industry, but also made the outside world interested in Wang Yawei's private equity career.</p><p>Although the first brother is no longer in the \"Jianghu\" of public offering, the \"legend\" of his brother comes from the other side.</p><p><b>Already laid out</b></p><p>Wang Yawei's voice has been particularly low in recent years, which makes people mistakenly think that he and his Qianhe investment are no longer brave.</p><p>But in fact, his investment layout and intentions are quite far-reaching.</p><p>As early as 2012, Wang Yawei's \"first year of running private\", he also established a hedge fund in Hong Kong TOP ACE ASSET MANAGEMENT.</p><p>At that time, it was pointed out that Wang Yawei was \"ambitious\" in offshore investment, and the moral of TOP ACE was \"TOP ACE\".</p><p>However, Wang Yawei \"showed his cards\" very rarely. The last time this hedge fund exposed its investment was in 2016. At that time, Lao Wang's top heavyweight stocks had many new energy stocks!</p><p><b>This sense of investment is staggering now.</b></p><p><b>Overseas investment nearly one billion</b></p><p>Since 2016, Wang Yawei's overseas investment has disappeared, and it has been six years since he reappeared.</p><p>A few days ago, Wang Yawei once again appeared in the US market, aiming at a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed the details of its positions at the end of last year. The disclosure document shows:<b>The market value of TOP ACE Asset Management's latest US stock holdings reached US $136 million, close to one billion yuan.</b></p><p>This hedge fund holds 40 U.S. stocks, and the total market value of the top ten holdings accounts for 68% of the total market value of the holdings, which is highly concentrated.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attack \"old assets\"</b></p><p>Specifically, the top six heavyweights of TOP ACE asset management companies are all steel and coal stocks.</p><p>Obviously, Wang Yawei is determined to \"bargain-hunting\" ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's layout is as follows:</p><p>The number one holding is<b>ALPHA METALLURGICAL RESOURCE</b>, owns a number of large local coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock's stock price has doubled in the past year, and its latest P/E is 2.16 times. (Data source is a third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>, is also a metallurgical and coking coal producer. The company claims to provide coking coal and thermal coal to the world. The latest P/E is 2.98 times, an increase of 50% in the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">United States Steel</a>company</b>（<b>UNITED STATES STL CORP</b>), the company founded by the famous steel king Carnegie Andrew Carnegie. The latest P/E is 3.25 times, an increase of 20% in the past year.</p><p>Since then, the fourth to sixth largest holdings are:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Company (ALCOA CORP),</b></p><p><b>PEABODY ENERGY CORP, an important coal company in the United States and Australia.</b></p><p>The common characteristics of the above-mentioned companies are extremely low valuations and distinct main businesses.</p><p><b>By the way, layout \"new assets\"</b></p><p>Starting from the seventh largest holding stock, Wang Yawei's position portfolio began to \"fly\", and various investment directions appeared.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>, this is an Australian mining company whose main business is mining lithium ore.</p><p>The eighth largest holding is Chinese concept stocks<b>Fog Core Technology</b>, e-cigarette companies, and are also rare Chinese concept stocks in Wang Yawei's bottom-hunting US stocks.</p><p>The ninth largest holding is the leading car rental company in the United States<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying low-valued coal mines and steel, Wang Yawei made bets on new energy, overseas consumption, e-cigarettes and virtual currencies.</b></p><p>In addition, although Wang Yawei bought 40 domestic companies in the United States, there are few familiar \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the position, \"only\" one big-name company is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This must also be highly concerned by the market. Zishitang pieced together some information about Wang Yawei's overseas team through public information.</p><p>Public information shows: The signatory of TOP ACE in the US disclosure document is \"Siu Wah CHUNG\", that is, Zhong Zhaohua, who joined TOP ACE Asset Management Company in 2015.</p><p>In addition, the team members include Zhang Yongkang, Xu Baizhi, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, etc.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry information also shows that Zhong Zhaohua, or the chief investment officer of TOPACE, worked at Citibank in the early days.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682131\">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/fc971725263c2b592c0a61596e6e30ad","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3682131","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312942929","content_text":"美股投资重现江湖公募业曾经的大佬、“基金一哥”王亚伟，在A股市场上已经低调多年。谁又能想到，他在美股投资上却“开花结果”。根据最新的美国SEC公告，王亚伟旗下的对冲基金金TOP ACE AM,最新在美股大举出击，重仓出击海外的钢铁和煤炭股，此外亦涉足虚拟币类公司投资。这样的投资手笔，不仅刷新了业内对王亚伟的“预期”，亦让外界对“雾里看花”的王亚伟私募生涯兴趣顿生。一哥虽已不在公募的“江湖”，但隔岸却传来的哥的“传说”。早有布局王亚伟近年的声量格外低沉，让人误以为他和他的千合投资已不复当年盛勇。但其实，他在投资上的布局和用心相当深远。早在2012年，王亚伟的“奔私元年”，他就同时在香港了成立对冲基金TOP ACE ASSET MANAGEMENT。当时就有人指出，王亚伟对离岸投资“雄心勃勃”，TOP ACE的寓意是“顶级王牌”。然而，王亚伟“亮牌”的次数极少，上一次这家对冲基金曝光投资是2016年，其时，老王的前几大重仓股有多只新能源股！这份投资嗅觉，如今回看令人咋舌。海外投资近十亿自2016年后，王亚伟的海外投资就不见“踪迹”，再次现身已是六年后。日前，王亚伟再次现身美国市场，瞄准的却是一批“旧资产”。根据相关公告，TOP ACE日前披露了去年末的持仓明细。披露文件显示：TOP ACE资管最新美股持仓市值达到1.36亿美元，接近十亿人民币。这家对冲基金持有40只美国股票，位列前十大持仓的股票总市值占总持仓市值的68%，集中度较高。出击“旧资产”具体来看，TOP ACE资管公司的前六大权重股，均为钢铁和煤炭股。显然，王亚伟铁了心要在海外“抄底”黑色金属和矿石资源。具体来看，王亚伟的布局如下：头号重仓股是ALPHA METALLURGICAL RESOURCE，拥有多个美国当地的大型煤矿，主要生产钢铁企业用的焦煤，和发电用的动力煤。该股过去一年股价翻倍，最新市盈率2.16倍。（数据来源第三方，未校对，下同）第二大重仓股ARCH RESOURCES，也是一家冶金和炼焦煤生产商，公司号称向全球提供焦煤和动力煤。最新市盈率2.98倍，过去一年涨幅50%。第三大重仓股是美国钢铁公司（UNITED STATES STL CORP），就是那个著名钢铁大王卡内基安德鲁·卡内基创办的公司。最新市盈率3.25倍，过去一年涨幅20%。此后的第四~第六大重仓股分别是：全球钢铁巨头安塞乐米塔尔（ARCELORMITTAL）、全球第三大铝材生产商美国铝业公司（ALCOA CORP）、美澳的重要煤炭公司皮博迪能源公司（PEABODY ENERGY CORP）。上述公司的共同特点是估值极低，主业鲜明。顺带布局“新资产”从第七大重仓股开始，王亚伟的持仓组合开始“放飞”，出现各种投资的方向。比如第七大重仓股皮埃蒙特锂矿公司（Piedmont Lithium），这是一家澳大利亚矿业公司，主业是开采锂矿。第八大重仓股是中概股雾芯科技，电子烟企业，也是王亚伟抄底美股中少见的中概股。第九大重仓股美国汽车租赁的龙头公司安飞士百捷（Avis Budget）。第十大重仓股是一家加密货币交易所。在坚定抄底低估值煤矿和钢铁后，王亚伟顺带着在新能源、海外消费、电子烟和虚拟货币里下了注。此外，尽管王亚伟买入40家美国本土公司，但少见耳熟能详的“大牌公司”，苹果、脸书、亚马逊、微软并不在持仓中，“仅”有的一家大牌公司是特斯拉。海外团队阵容这批公司是如何投资管理的？这想必也是市场高度关心的，资事堂通过公开信息拼凑出王亚伟海外团队的些许情况。公开信息显示：TOP ACE在美国披露文件中的签字人为“Siu Wah CHUNG”，即钟兆华，2015年加入TOP ACE资管公司。此外团队人员还包括张永康、许柏芝、罗怡雯、邓正行、王亚伟、王家辉、杨俊贤等。其中有管理职能的是王亚伟、张永康、钟兆华和杨俊贤。业内的信息还显示，钟兆华或是TOPACE的首席投资官，早期在花旗银行任职过。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625580944,"gmtCreate":1676558604789,"gmtModify":1676558604789,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"It is time to cut","listText":"It is time to cut","text":"It is time to cut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625580944","repostId":"1166103895","repostType":4,"repost":{"id":"1166103895","kind":"news","pubTimestamp":1676526612,"share":"https://ttm.financial/m/news/1166103895?lang=en_US&edition=fundamental","pubTime":"2023-02-16 13:50","market":"us","language":"zh","title":"Betting on the Chinese market has become Wall Street's \"most crowded trade\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1166103895","media":"华尔街见闻","summary":"中国股市仍有进一步的上涨空间。","content":"<p><html><head></head><body><b>Investors' optimism about China's economic prospects is growing. Strategists believe that there is still room for further upside in China's stock market.</b>As investors turn to the Chinese market and emerging market stocks, betting on the Chinese market has become the \"most crowded trade\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed,<b>In February, global fund managers increased their equity allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long China\" has become the \"most crowded trade\" in the market, the first time since the survey began in 1985.</b></p><p>Since the beginning of November last year, the adjustment and optimization of China's epidemic-related measures have greatly boosted market sentiment, and blue-chip stocks on the Shanghai Stock Exchange have risen by 14%. Foreign capital is also actively participating in the Chinese market, with a net purchase of US $27.7 billion in domestic stocks in January, a record high in a single month.</p><p>The survey also found that in February this year, 46% of fund managers adjusted the proportion of emerging market stock allocation to \"overweight\". This is helped by investors' increased optimism about China's economic outlook and confidence that the dollar's rally has peaked.</p><p>Strategists believe that,<b>There is still room for further upside in China's stocks. Societe Generale estimates that the average P/E of companies listed on the Shanghai Stock Exchange this year is 11.6 times, and the expected earnings increase is 18.8%; The average P/E of emerging markets is 12.4 times, and the expected earnings growth is 6.7%.</b></p><p>Pramol Dhawan, managing director of US fund manager Pimco, said emerging markets are undervalued compared to history and are \"undervalued\" as an asset class after investor withdrawals in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle East sovereign wealth funds may also drive Chinese stocks higher:</p><p>Given the huge rise in purchasing power of energy producers in the financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to cement long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading is hot to be \"worrying\"-the increasing popularity of Chinese stocks is hard to believe that the market enthusiasm will continue unwanted.</b></p><p>More than two-thirds of respondents noted that they believe the reopening of China's economy could push up global inflation, and the biggest tail risk for fund managers is that inflation will stubbornly remain elevated for longer.</p><p>Michael Hartnett, chief investment strategist at Bank of America Global Research, said:</p><p>The reopening of China's economy is clearly good for global growth, but if it does translate into higher inflationary pressures, as we've seen in other parts of the world during the post-pandemic recovery, then it could cause problems for central banks (outside China). At the same time, on Wednesday, the People's Bank of China exceeded the MLF for three consecutive months, launching 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and both Hong Kong and mainland China markets are likely to rebound in March as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market.</body></html></p>","source":"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>Betting on the Chinese market has become Wall Street's \"most crowded trade\"</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\">\nBetting on the Chinese market has become Wall Street's \"most crowded trade\"\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\">2023-02-16 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Investors' optimism about China's economic prospects is growing. Strategists believe that there is still room for further upside in China's stock market.</b>As investors turn to the Chinese market and emerging market stocks, betting on the Chinese market has become the \"most crowded trade\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed,<b>In February, global fund managers increased their equity allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long China\" has become the \"most crowded trade\" in the market, the first time since the survey began in 1985.</b></p><p>Since the beginning of November last year, the adjustment and optimization of China's epidemic-related measures have greatly boosted market sentiment, and blue-chip stocks on the Shanghai Stock Exchange have risen by 14%. Foreign capital is also actively participating in the Chinese market, with a net purchase of US $27.7 billion in domestic stocks in January, a record high in a single month.</p><p>The survey also found that in February this year, 46% of fund managers adjusted the proportion of emerging market stock allocation to \"overweight\". This is helped by investors' increased optimism about China's economic outlook and confidence that the dollar's rally has peaked.</p><p>Strategists believe that,<b>There is still room for further upside in China's stocks. Societe Generale estimates that the average P/E of companies listed on the Shanghai Stock Exchange this year is 11.6 times, and the expected earnings increase is 18.8%; The average P/E of emerging markets is 12.4 times, and the expected earnings growth is 6.7%.</b></p><p>Pramol Dhawan, managing director of US fund manager Pimco, said emerging markets are undervalued compared to history and are \"undervalued\" as an asset class after investor withdrawals in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle East sovereign wealth funds may also drive Chinese stocks higher:</p><p>Given the huge rise in purchasing power of energy producers in the financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to cement long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading is hot to be \"worrying\"-the increasing popularity of Chinese stocks is hard to believe that the market enthusiasm will continue unwanted.</b></p><p>More than two-thirds of respondents noted that they believe the reopening of China's economy could push up global inflation, and the biggest tail risk for fund managers is that inflation will stubbornly remain elevated for longer.</p><p>Michael Hartnett, chief investment strategist at Bank of America Global Research, said:</p><p>The reopening of China's economy is clearly good for global growth, but if it does translate into higher inflationary pressures, as we've seen in other parts of the world during the post-pandemic recovery, then it could cause problems for central banks (outside China). At the same time, on Wednesday, the People's Bank of China exceeded the MLF for three consecutive months, launching 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and both Hong Kong and mainland China markets are likely to rebound in March as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682066\">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/55eb327f580527889cf30bafa92692ae","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3682066","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166103895","content_text":"投资者对中国经济前景的乐观情绪不断增强。策略师认为，中国股市仍有进一步的上涨空间。随着投资者纷纷转向中国市场和新兴市场股票，对中国市场的押注已经成为了华尔街“最拥挤的交易”。周三，美国银行对262名基金经理的月度调查显示，今年2月，全球基金经理连续第三个月增加了对包括中国在内的新兴市场的股票配置。超过20%的基金经理认为，“做多中国”已经成为市场上“最拥挤的交易”，这是自该调查始于1985年以来的首次。自去年11月初以来，中国对疫情相关措施的调整优化极大地提振了市场情绪，上海交易所的蓝筹股已经上涨了14%。外资也积极参与中国市场，1月份净买入中国境内股票277亿美元，创单月历史新高。调查还发现，今年2月，有46%的基金经理将新兴市场股票配置的比例调整为“增持”。这得益于投资者对中国经济前景的乐观情绪增强，以及对美元涨势已经见顶的信心。策略师认为，中国股市仍有进一步的上涨空间。法国兴业银行估计，在上海交易所上市的公司今年的平均市盈率为11.6倍，预期盈利增长18.8%；而新兴市场的平均市盈率为12.4倍，预期盈利增长6.7%。美国基金管理公司太平洋投资管理公司（Pimco）董事总经理 Pramol Dhawan 表示，与历史相比，新兴市场的估值较低，而在2022年投资者大举撤资之后，新兴市场作为一个资产类别“被低估了”。花旗集团首席全球股票策略师 Robert Buckland 认为，现金充足的中东主权财富基金也可能推动中国股市上涨：鉴于能源生产商在金融市场上的购买力大幅上升，现在正是他们投资这些财富的好时机。石油美元投资者将利用他们的财富来巩固长期的经济和商业关系，尤其是与其他新兴市场的关系。但基金经理们也认为，交易已经火热到“令人担忧”——中国股票越来越受欢迎，令人难以相信市场热情会毫不减弱地持续下去。超过三分之二的受访者指出，他们认为中国经济重新开放可能推高全球通胀，基金经理面临的最大尾部风险是，通胀将在更长时间内顽固地保持在较高水平。美国银行全球研究部首席投资策略师 Michael Hartnett 表示：中国经济重新开放显然对全球经济增长有利，但如果这真的转化为更高的通胀压力，就像疫情后复苏期间我们在世界其他地区看到的那样，那么这可能给（中国以外的）央行带来问题。与此同时，周三，中国人民银行连续三个月超额续作MLF，开展了4990亿元MLF操作，以及2030亿元公开市场逆回购操作。交易公告称，两项操作充分满足了金融机构需求。Ceb International Inv Corp Ltd. 研究主管 Banny Lam 向媒体表示：这是一次短期调整，随着中国政府对中国经济的不同领域提供更多政策支持，引导市场，香港和中国内地市场都可能在3月份出现反弹。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625220100,"gmtCreate":1676516766802,"gmtModify":1676516766802,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"great fox","listText":"great fox","text":"great fox","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625220100","repostId":"1128128276","repostType":4,"isVote":1,"tweetType":1,"viewCount":2224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625901817,"gmtCreate":1675996989340,"gmtModify":1675996989340,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"he just look down economic of some country","listText":"he just look down economic of some country","text":"he just look down economic of some country","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625901817","repostId":"2310641661","repostType":4,"repost":{"id":"2310641661","kind":"highlight","pubTimestamp":1675993941,"share":"https://ttm.financial/m/news/2310641661?lang=en_US&edition=fundamental","pubTime":"2023-02-10 09:52","market":"sh","language":"zh","title":"Accelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?","url":"https://stock-news.laohu8.com/highlight/detail?id=2310641661","media":"券商中国","summary":"减持还在继续！2月9日，港交所文件显示，巴菲特旗下伯克希尔哈撒韦公司于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次","content":"<p><html><head></head><body><img src=\"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/><b>The reduction of holdings continues!</b></p><p>On February 9, Hong Kong Stock Exchange documents showed that Buffett's<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway sold 4.235 million shares on Feb. 3<a href=\"https://laohu8.com/S/002594\">BYD</a>The average price of H shares is HK $257.9 per share, and the shareholding ratio dropped to 11.87%. This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth disclosure since the company's first reduction in August 2022.</p><p><img src=\"https://static.tigerbbs.com/334a8f6caf57c60562aef8d4c625d606\" tg-width=\"660\" tg-height=\"118\" referrerpolicy=\"no-referrer\"/>Although the speed and intensity of Buffett's reduction of holdings are accelerating, overall BYD's stock price is not greatly affected by Buffett's reduction of holdings. And the average price of shareholding reduction disclosed this time is the highest price in the last seven disclosures. As of February 9, BYD's H shares closed at HK $249.4 per share, and A shares closed at 288.3 yuan per share. The company's total market value was 759.7 billion yuan.</p><p><b>Buffett reduced his holdings in BYD again, and his shareholding ratio dropped to 11.87%</b></p><p>On February 9, according to the disclosure documents of the Hong Kong Stock Exchange, Berkshire Hathaway sold 4.235 million BYD H shares on February 3, with an average price of HK $257.9 per share, and the shareholding ratio dropped to 11.87%.</p><p>This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth time since the company first reduced its holdings in August 2022. Previous disclosure information shows:</p><p>On August 24, 2022, it reduced its holdings of 1.331 million BYD H shares, with an average price of HK $277.1016 per share;</p><p>On September 1, 2022, it will reduce its holdings of 1.716 million BYD H shares at an average price of HK $262.7243 per share;</p><p>On November 1, 2022, it will reduce its holdings of 3.297 million BYD H shares, with an average price of HK $169.8657 per share;</p><p>On November 8, 2022, it reduced its holdings of 5.7825 million BYD H shares, with an average price of HK $196.9945 per share;</p><p>On November 17, 2022, it reduced its holdings of 3.2255 million BYD H shares, with an average price of HK $195.4212 per share;</p><p>On December 8, 2022, it will reduce its holdings of 1.3295 million BYD H shares, with an average price of HK $201.3432 per share;</p><p>On January 3, 2023, it reduced its holdings of 1.058 million BYD H shares, with an average price of HK $191.44 per share;</p><p>On January 27, 2023, it reduced its holdings of 1.55 million BYD H shares, with an average price of HK $226.32 per share.</p><p>It is reported that Berkshire Hathaway bought 225 million BYD H shares at a price of HK $8 per share in 2008, and held them for 14 years, until August 2022, when it began to reduce its holdings for the first time. At present, Berkshire Hathaway has reduced its holdings by about 95 million shares, and its position has been reduced by more than 40%.</p><p>It should be noted that, according to the disclosure regulations of the Hong Kong Stock Exchange, major shareholders only need to make disclosures if they increase or decrease their holdings across a certain integer percentage. From the perspective of the number of shares held, in addition to the disclosed information, Berkshire Hathaway has reduced its holdings many times.</p><p><b>BYD may hit sales target of 4 million</b></p><p>In the past 2022, China<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The penetration rate of vehicles has further increased. According to data from the Passenger Car Association, the penetration rate of new energy vehicles in China has reached 25%. As the leader of new energy vehicles in China, BYD has also continued to develop rapidly in the past year. Its production and sales reached 1.877 million vehicles and 1.863 million vehicles respectively, a year-on-year increase of 209.2% and 208.6% respectively, becoming the global new energy vehicle sales champion in 2022.</p><p>A few days ago, it was reported that BYD has internally set a sales target of 4 million vehicles in 2023. In this regard, BYD did not respond clearly. According to the company, due to the impact of the epidemic, there are many uncertainties in the market, consumer demand and supply chain system, so BYD has a difficult judgment on the sales target in 2023. According to market conditions and changes, BYD will give full play to its own advantages and flexibly formulate various plans to meet the needs of consumers.</p><p>In addition to BYD, recently, a number of new energy car companies have successively disclosed new car sales targets for 2023, generally giving high growth expectations.</p><p>Recently,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Chairman and CEO He XPeng issued an internal letter to all employees of XPeng Motors, announcing XPeng Motors' new car planning, delivery targets and internal expectations for 2023. The goal for 2023 is to deliver 450,000 vehicles cumulatively, that is, nearly 200,000 vehicles will be delivered in 2023, with a target growth rate of 65.6%.</p><p><a href=\"https://laohu8.com/S/NIO\">Nio</a>The goal for 2023 is clearer, which is to exceed the sales of Lexus fuel vehicles. The data shows,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>A total of 122,500 new cars will be delivered in 2022, a year-on-year increase of 34%, while Lexus's cumulative sales in China in 2022 will be 183,900. Based on this calculation, Nio's sales target for 2023 is about 200,000 vehicles, and the sales target growth rate is about 63.2%.</p><p>According to Zhang Yong, co-founder and CEO of Nezha Automobile, the target sales volume of Nezha Automobile in 2023 is 250,000 vehicles, and the company's target growth rate in 2023 is about 67%.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>In terms of this, although the specific sales target for 2023 has not been officially announced. However, according to people close to the company, the total sales target set by Li Auto in 2023 is in the range of 250,000 to 300,000 vehicles. Even based on 250,000 vehicles, Li Auto's target growth rate is as high as 88%.</p><p><b>What is the main line of investment in new energy vehicles?</b></p><p>Years later, the stock prices of new energy vehicle companies generally ushered in a wave of rises, and recently they began to fluctuate and adjust. Looking forward to the whole year of 2023, what are the investment ideas for new energy vehicles?</p><p>Xu Chengcheng, fund manager of Cathay CSI New Energy Vehicle ETF, said that from an investment perspective, automobiles have now been divided into two lines: traditional fuel vehicles and new energy vehicles. Continue to subdivide, and the main lines have become two, one is new energy, and the other is intelligence.</p><p>In terms of new energy, although the current penetration rate has reached about 30%, it is still a long way to go compared with the future goal (70%-80% of new energy on the transportation side). More importantly, the product strength of new energy vehicles is rapidly improving. With policy support, the prosperity may be maintained in the future. However, there is a high probability that the state of explosive growth and making money in all segments like in the past will not exist.</p><p>Automobile intelligence depends entirely on technological breakthroughs and research and development of parts companies. Intelligence is also an important direction to increase the value of automobiles, including but not limited to lightweight, thermal management, glass, smart cockpit, and autonomous driving-related parts and other fields are expected to show rapid growth.</p><p>In the short term, some OEMs may be affected<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The suppression of price cuts is relatively passive in strategy. However, with the decline of the overall price center of new energy vehicles or traditional vehicles, domestic companies have further improved their product capabilities and increased their market share through automobile autonomous driving and high-value automobile parts. This is also the reason why we are relatively optimistic about the auto parts industry this year.</p><p>Li Bo, manager of Xinao New Energy Select Hybrid Fund, said that he continues to be optimistic about domestic leading new energy vehicle companies and the recovery in the valuation of lithium mines brought about by the annual sales of new energy vehicles exceeding expectations. He said that the auto industry has been paying much attention to the price issue this year. After the prices of some Tesla models have dropped again and again, some of XPeng's main models have also seen price cuts. On the other hand, traditional car companies have seen some of their fuel models There has been a certain price increase. The market is worried that cars such as Tesla XPeng may affect the overall performance revenue and gross profit margin due to price cuts, but we must also see the demand stimulating effect brought about by price cuts. New energy vehicles have become the focus of consumers when buying cars. As the scale effect becomes prominent, the depreciation and amortization cost of car companies may decrease significantly, and the expense ratio will improve. In the end, the profit margin of car companies is expected to be relatively stable.</p><p>At the same time, under the overall economic recovery, the promotion of domestic consumption is clear. As a mass consumer product, the industry prosperity of new energy vehicles is expected to become clearer. Looking at the entire automobile industry, domestic automobile companies not only quickly occupy the share of joint venture fuel vehicles, but also impact the stock orders and price systems of foreign brands, reflecting the advantages and price advantages of domestic brands.</p><p></body></html></p>","source":"cszg","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>Accelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?</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\">\nAccelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">券商中国</strong><span class=\"h-time small\">2023-02-10 09:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><img src=\"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/><b>The reduction of holdings continues!</b></p><p>On February 9, Hong Kong Stock Exchange documents showed that Buffett's<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway sold 4.235 million shares on Feb. 3<a href=\"https://laohu8.com/S/002594\">BYD</a>The average price of H shares is HK $257.9 per share, and the shareholding ratio dropped to 11.87%. This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth disclosure since the company's first reduction in August 2022.</p><p><img src=\"https://static.tigerbbs.com/334a8f6caf57c60562aef8d4c625d606\" tg-width=\"660\" tg-height=\"118\" referrerpolicy=\"no-referrer\"/>Although the speed and intensity of Buffett's reduction of holdings are accelerating, overall BYD's stock price is not greatly affected by Buffett's reduction of holdings. And the average price of shareholding reduction disclosed this time is the highest price in the last seven disclosures. As of February 9, BYD's H shares closed at HK $249.4 per share, and A shares closed at 288.3 yuan per share. The company's total market value was 759.7 billion yuan.</p><p><b>Buffett reduced his holdings in BYD again, and his shareholding ratio dropped to 11.87%</b></p><p>On February 9, according to the disclosure documents of the Hong Kong Stock Exchange, Berkshire Hathaway sold 4.235 million BYD H shares on February 3, with an average price of HK $257.9 per share, and the shareholding ratio dropped to 11.87%.</p><p>This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth time since the company first reduced its holdings in August 2022. Previous disclosure information shows:</p><p>On August 24, 2022, it reduced its holdings of 1.331 million BYD H shares, with an average price of HK $277.1016 per share;</p><p>On September 1, 2022, it will reduce its holdings of 1.716 million BYD H shares at an average price of HK $262.7243 per share;</p><p>On November 1, 2022, it will reduce its holdings of 3.297 million BYD H shares, with an average price of HK $169.8657 per share;</p><p>On November 8, 2022, it reduced its holdings of 5.7825 million BYD H shares, with an average price of HK $196.9945 per share;</p><p>On November 17, 2022, it reduced its holdings of 3.2255 million BYD H shares, with an average price of HK $195.4212 per share;</p><p>On December 8, 2022, it will reduce its holdings of 1.3295 million BYD H shares, with an average price of HK $201.3432 per share;</p><p>On January 3, 2023, it reduced its holdings of 1.058 million BYD H shares, with an average price of HK $191.44 per share;</p><p>On January 27, 2023, it reduced its holdings of 1.55 million BYD H shares, with an average price of HK $226.32 per share.</p><p>It is reported that Berkshire Hathaway bought 225 million BYD H shares at a price of HK $8 per share in 2008, and held them for 14 years, until August 2022, when it began to reduce its holdings for the first time. At present, Berkshire Hathaway has reduced its holdings by about 95 million shares, and its position has been reduced by more than 40%.</p><p>It should be noted that, according to the disclosure regulations of the Hong Kong Stock Exchange, major shareholders only need to make disclosures if they increase or decrease their holdings across a certain integer percentage. From the perspective of the number of shares held, in addition to the disclosed information, Berkshire Hathaway has reduced its holdings many times.</p><p><b>BYD may hit sales target of 4 million</b></p><p>In the past 2022, China<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The penetration rate of vehicles has further increased. According to data from the Passenger Car Association, the penetration rate of new energy vehicles in China has reached 25%. As the leader of new energy vehicles in China, BYD has also continued to develop rapidly in the past year. Its production and sales reached 1.877 million vehicles and 1.863 million vehicles respectively, a year-on-year increase of 209.2% and 208.6% respectively, becoming the global new energy vehicle sales champion in 2022.</p><p>A few days ago, it was reported that BYD has internally set a sales target of 4 million vehicles in 2023. In this regard, BYD did not respond clearly. According to the company, due to the impact of the epidemic, there are many uncertainties in the market, consumer demand and supply chain system, so BYD has a difficult judgment on the sales target in 2023. According to market conditions and changes, BYD will give full play to its own advantages and flexibly formulate various plans to meet the needs of consumers.</p><p>In addition to BYD, recently, a number of new energy car companies have successively disclosed new car sales targets for 2023, generally giving high growth expectations.</p><p>Recently,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Chairman and CEO He XPeng issued an internal letter to all employees of XPeng Motors, announcing XPeng Motors' new car planning, delivery targets and internal expectations for 2023. The goal for 2023 is to deliver 450,000 vehicles cumulatively, that is, nearly 200,000 vehicles will be delivered in 2023, with a target growth rate of 65.6%.</p><p><a href=\"https://laohu8.com/S/NIO\">Nio</a>The goal for 2023 is clearer, which is to exceed the sales of Lexus fuel vehicles. The data shows,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>A total of 122,500 new cars will be delivered in 2022, a year-on-year increase of 34%, while Lexus's cumulative sales in China in 2022 will be 183,900. Based on this calculation, Nio's sales target for 2023 is about 200,000 vehicles, and the sales target growth rate is about 63.2%.</p><p>According to Zhang Yong, co-founder and CEO of Nezha Automobile, the target sales volume of Nezha Automobile in 2023 is 250,000 vehicles, and the company's target growth rate in 2023 is about 67%.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>In terms of this, although the specific sales target for 2023 has not been officially announced. However, according to people close to the company, the total sales target set by Li Auto in 2023 is in the range of 250,000 to 300,000 vehicles. Even based on 250,000 vehicles, Li Auto's target growth rate is as high as 88%.</p><p><b>What is the main line of investment in new energy vehicles?</b></p><p>Years later, the stock prices of new energy vehicle companies generally ushered in a wave of rises, and recently they began to fluctuate and adjust. Looking forward to the whole year of 2023, what are the investment ideas for new energy vehicles?</p><p>Xu Chengcheng, fund manager of Cathay CSI New Energy Vehicle ETF, said that from an investment perspective, automobiles have now been divided into two lines: traditional fuel vehicles and new energy vehicles. Continue to subdivide, and the main lines have become two, one is new energy, and the other is intelligence.</p><p>In terms of new energy, although the current penetration rate has reached about 30%, it is still a long way to go compared with the future goal (70%-80% of new energy on the transportation side). More importantly, the product strength of new energy vehicles is rapidly improving. With policy support, the prosperity may be maintained in the future. However, there is a high probability that the state of explosive growth and making money in all segments like in the past will not exist.</p><p>Automobile intelligence depends entirely on technological breakthroughs and research and development of parts companies. Intelligence is also an important direction to increase the value of automobiles, including but not limited to lightweight, thermal management, glass, smart cockpit, and autonomous driving-related parts and other fields are expected to show rapid growth.</p><p>In the short term, some OEMs may be affected<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The suppression of price cuts is relatively passive in strategy. However, with the decline of the overall price center of new energy vehicles or traditional vehicles, domestic companies have further improved their product capabilities and increased their market share through automobile autonomous driving and high-value automobile parts. This is also the reason why we are relatively optimistic about the auto parts industry this year.</p><p>Li Bo, manager of Xinao New Energy Select Hybrid Fund, said that he continues to be optimistic about domestic leading new energy vehicle companies and the recovery in the valuation of lithium mines brought about by the annual sales of new energy vehicles exceeding expectations. He said that the auto industry has been paying much attention to the price issue this year. After the prices of some Tesla models have dropped again and again, some of XPeng's main models have also seen price cuts. On the other hand, traditional car companies have seen some of their fuel models There has been a certain price increase. The market is worried that cars such as Tesla XPeng may affect the overall performance revenue and gross profit margin due to price cuts, but we must also see the demand stimulating effect brought about by price cuts. New energy vehicles have become the focus of consumers when buying cars. As the scale effect becomes prominent, the depreciation and amortization cost of car companies may decrease significantly, and the expense ratio will improve. In the end, the profit margin of car companies is expected to be relatively stable.</p><p>At the same time, under the overall economic recovery, the promotion of domestic consumption is clear. As a mass consumer product, the industry prosperity of new energy vehicles is expected to become clearer. Looking at the entire automobile industry, domestic automobile companies not only quickly occupy the share of joint venture fuel vehicles, but also impact the stock orders and price systems of foreign brands, reflecting the advantages and price advantages of domestic brands.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/Z57BJ-ODO7jMQ_tWFCEZKw\">券商中国</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b","relate_stocks":{"SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK1149":"通信设备","BK1607":"新IT概念","BK1515":"抗疫概念","BK1582":"深圳本地概念股","SG9999006514.SGD":"United Asia Consumer Fund SGD","BK1594":"碳中和概念股","SG9999015978.USD":"利安颠覆性创新基金A","BK1539":"汽车股","BK1522":"燃料电池","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1580":"烟草概念","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK1589":"北水核心资产","BK1504":"苹果概念","BK1119":"汽车制造商","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","01211":"比亚迪股份","BK1540":"电池","00285":"比亚迪电子","BK1509":"特斯拉概念股","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC"},"source_url":"https://mp.weixin.qq.com/s/Z57BJ-ODO7jMQ_tWFCEZKw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310641661","content_text":"减持还在继续！2月9日，港交所文件显示，巴菲特旗下伯克希尔哈撒韦公司于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次披露伯克希尔哈撒韦减持比亚迪H股，也是2022年8月该公司首次减持以来的第9次披露。尽管巴菲特减持速度和力度都有加快之势，但整体来看比亚迪股价受巴菲特减持影响并不大。且这一次披露的减持均价，是近7次披露中的最高价格。截至2月9日，比亚迪H股报收249.4港元/股，A股报收288.3元/股，公司总市值7597亿元。巴菲特再度减持比亚迪，持股比例降至11.87%2月9日，根据港交所披露文件，伯克希尔哈撒韦于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次披露伯克希尔哈撒韦减持比亚迪H股，也是2022年8月该公司首次减持以来的第9次披露。此前的披露信息显示：2022年8月24日，减持133.1万股比亚迪H股，均价277.1016港元/股；2022年9月1日，减持171.6万股比亚迪H股，均价262.7243港元/股；2022年11月1日，减持329.7万股比亚迪H股，均价169.8657港元/股；2022年11月8日，减持578.25万股比亚迪H股，均价196.9945港元/股；2022年11月17日，减持322.55万股比亚迪H股，均价195.4212港元/股；2022年12月8日，减持132.95万股比亚迪H股，均价201.3432港元/股；2023年1月3日，减持105.8万股比亚迪H股，均价191.44港元/股；2023年1月27日，减持155万股比亚迪H股，均价226.32港元/股。据悉，伯克希尔哈撒韦在2008年以8港元/股的价格买入了2.25亿股比亚迪H股，持有时间长达14年，直至2022年8月首次开始减持。目前伯克希尔哈撒韦已累计减持约9500万股，持仓已经降低超过四成。需要注意的是，根据港交所披露易规定，大股东增减持股票只有横跨某个整数百分比时，才需要作出披露。而从持股数量来看，除已披露的信息之外，伯克希尔哈撒韦还有过多次减持行为。比亚迪或将冲击400万销量目标在刚刚过去的2022年，中国新能源车渗透率进一步提升，根据乘联会数据，中国新能源车渗透率已达25%。作为中国新能源汽车龙头，比亚迪也在过去一年继续高速发展，其产销量分别达到187.7万辆和186.3万辆，同比分别增长209.2%和208.6%，成为2022年度全球新能源车销量冠军。日前有消息称，比亚迪内部将2023年销量目标定到400万辆。对此，比亚迪并未明确回应。公司称，受疫情影响，市场、消费需求及供应链体系等存在很多不确定性，因此比亚迪对2023年销售目标不好判断。比亚迪会根据市场的情况及变化，充分发挥企业自身优势，灵活制定各项计划，以满足广大消费者的需求。除比亚迪外，近期，多家新能源车企相继披露了2023年新车销量目标，普遍给予高增长预期。日前，小鹏汽车董事长、CEO何小鹏向小鹏汽车全员发布了一封内部信，公布了小鹏汽车2023年的新车规划、交付目标和内部期望。2023年的目标是累计交付45万辆车，即2023年交付近20万辆车，目标增长率达到65.6%。蔚来2023年的目标更为明确，就是超过雷克萨斯燃油车销量。数据显示，蔚来2022年累计交付新车12.25万辆，同比增长34%，而雷克萨斯2022年在华累计销量18.39万辆。由此推算，蔚来对于2023年的销量目标在20万辆左右，销量目标增幅约为63.2%。哪咤汽车联合创始人、CEO张勇提出的2023年哪咤汽车目标销量25万辆计算，2023年公司目标增长率约为67%。理想汽车方面，尽管并未正式公布2023年的具体销量目标。但据接近公司方面人士透露，2023年理想汽车设定的总销量目标在25万辆至30万辆区间。即便按照25万辆计算，理想汽车目标增长率也高达88%。新能源汽车投资主线是什么？年后，新能源车企股价普遍迎来一波上涨，近期又开始震荡调整。展望2023年全年，新能源汽车的投资思路是怎样的？国泰中证新能源汽车ETF基金经理徐成城表示，从投资的角度来看，汽车现在已经分为了传统燃油车和新能源汽车这两条线。再继续往下细分，主线也变成了两条，一个是新能源化，另一个就是智能化。新能源化方面，尽管现在渗透率已经达到30%左右，但是相比于未来的目标（在交通出行侧新能源化达到70%-80%）还有很远的距离。更重要的是新能源汽车的产品力在快速提升，在政策扶持之下，后续可能还会维持景气。但是像过去那样爆发式增长、所有细分领域都赚钱的状态大概率不会有了。汽车智能化完全依赖于技术的突破以及零部件企业的研发。智能化也是提升汽车价值量的重要方向，包括但不限于轻量化、热管理、玻璃、智慧座舱以及自动驾驶相关的零部件等领域都有望呈现出快速增长的状态。短期而言，一些整车厂可能会受到特斯拉降价的打压，策略上显得比较被动。但是随着整体新能源汽车或者传统汽车价格中枢的下降，使得国内企业进一步去提升产品力，通过汽车自动驾驶和汽车高价值零部件来提升市占率。这也是今年我们相对比较看好汽车零部件行业的原因。信澳新能源精选混合基金经理李博表示，继续看好国内头部新能源整车企业，以及全年新能源车销量超预期带来的锂矿的估值回升。他表示，今年汽车行业对于价格问题一直备受关注的问题，特斯拉部分车型的价格一降再降之后，小鹏汽车部分主力车型也出现降价，反观到传统车企，其部分燃油车型出现了一定涨价。市场上担忧特斯拉小鹏等汽车可能会因为降价影响整体业绩收入和毛利率，但我们也要看到在降价下带来的需求刺激作用，新能源车已经成为消费者在购车时着重考虑的方向，随着规模效应凸显，车企的单车折旧摊销成本下降可能会比较明显，并且费用率得到改善，最终车企利润率有望相对稳定。同时在整体经济复苏下，内需消费的推动是明确的，新能源车作为大众消费品，其行业景气度有望越发明朗。再看整个汽车行业，国内车企不但快速占据合资燃油车份额，而且还冲击外资品牌存量订单和价格体系，体现了国产品牌优势和价格优势。","news_type":1,"symbols_score_info":{"01211":1,"00285":1}},"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622209333,"gmtCreate":1675584875324,"gmtModify":1676539008547,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Villa is still there，but owner has been otherplace of the world。","listText":"Villa is still there，but owner has been otherplace of the world。","text":"Villa is still there，but owner has been otherplace of the world。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622209333","repostId":"2309716873","repostType":4,"repost":{"id":"2309716873","kind":"highlight","pubTimestamp":1675571805,"share":"https://ttm.financial/m/news/2309716873?lang=en_US&edition=fundamental","pubTime":"2023-02-05 12:36","market":"hk","language":"zh","title":"Rich people dump mansions like crazy","url":"https://stock-news.laohu8.com/highlight/detail?id=2309716873","media":"华尔街见闻","summary":"与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。","content":"<p><html><head></head><body><b>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</b>Tian Peng always remembers the scene when he first opened the bill three years ago:</p><p>A customer saw it twice, and it took four days to decide to buy a luxury house with a transaction price of 60 million yuan.</p><p>\"At that time, it felt even more enjoyable to me than buying a bicycle\".</p><p>In the past few years, the number of wealthy people all over the world has been increasing, which has contributed to the hot luxury housing market to some extent.</p><p>In 2021, ultra-high net worth individuals with global net worth of more than US $30 million increased by 9.3% in one year, with an increase of 52,000.</p><p>The same is true at home. According to Barron's Weekly, in the first half of 2022, the number of ultra-high net worth people in China increased by 2.3%, reaching a total of more than 50,000.</p><p>But recently, there was a surprising news.</p><p>On the last day of 2022, E-House CEO Ding Zuyu said at a press conference that last year, the transaction volume of top luxury homes across the country with more than 50 million fell by 40% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/842b64ff8bd0a6b2c9639f69b1f42cf3\" tg-width=\"1024\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p><p>Some people say that rich people are fleeing mansions.</p><p>Is that the truth?</p><p><b>The mansion myth is broken</b></p><p>The popularity of luxury houses is the impression left on people in the past three years. Especially in the first half of last year, the property market across the country, including first-tier cities, completely stalled, but luxury houses went out of an independent market.</p><p>For example, in Guangzhou, the luxury houses in Zhujiang New Town have single-handedly raised the second-hand housing prices in Tianhe District; In Beijing and Shenzhen, the scene of luxury houses being sold out at the opening is still going on.</p><p>It is not only the ultimate enjoyment of living, but also the scarcity of location, area and quality, luxury houses are one of the most valuable assets in the world. Buying luxury homes has always been the first choice for the rich in the world when allocating assets.</p><p>Compared with ordinary houses, the market of luxury houses is niche and more resilient.</p><p>There is a saying circulating on the Internet: when the property market recovers, luxury houses go first, the property market falls, and luxury houses fall again at the last minute.</p><p>Globally, the impact of the pandemic over the past few years has hardly affected luxury homes. Two years ago,<a href=\"https://laohu8.com/S/00142\">First Pacific</a>A report by Davis Research shows that after a brief decline in the first half of 2020, the global luxury home capital value index resumed its growth momentum in the second half of 2020, growing 0.5% for the whole year.</p><p>The report also predicts that luxury home prices in Beijing, Shanghai, Guangzhou and Shenzhen, China, will continue to grow in 2021.</p><p>Indeed, as predicted, in 2021, the domestic luxury housing market will be extremely active, with prices and transaction volumes rising all the way, and the transaction volume of luxury houses in many first-tier cities will hit a new high in five years.</p><p><img src=\"https://static.tigerbbs.com/78484a3d33a64167701b6cc2b1065d18\" tg-width=\"1024\" tg-height=\"534\" referrerpolicy=\"no-referrer\"/></p><p>Now, however, the myth of luxury growth seems to be shattered.</p><p>According to the data disclosed by Ding Zuyu, throughout 2022, the transaction volume of new houses and luxury homes with more than 10 million and more than 30 million in the core ten cities across the country will still maintain a growth trend, rising by 10% and 5% respectively. However, the first-hand volume of top-notch luxury homes has fallen sharply-only 383 of more than 50 million top-notch new homes in the country were sold, down 40% year-on-year.</p><p>From the perspective of unit price, in 2022, the transaction volume of new luxury houses with a unit price of more than 150,000/square meter nationwide will also drop by 19%, with 422 transactions.</p><p>The situation of second-hand luxury housing market is even less optimistic.</p><p>The transaction volume of second-hand luxury homes in all price ranges has declined, of which those with more than 10 million fell by 42% year-on-year, those with more than 30 million fell by 28%, and those with more than 50 million fell by 18%.</p><p>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</p><p><img src=\"https://static.tigerbbs.com/9b4d431181d2bdde9bce1e0572b8fe33\" tg-width=\"1024\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/></p><p>Tian Peng, who is currently a researcher in a luxury housing brokerage agency, told Salt Finance reporter that the transaction volume of new luxury houses is higher than that of second-hand houses because \"new houses\" are attractive, and the price of first-and second-hand luxury houses is inverted.</p><p>Take Beijing as an example. Most luxury houses are located in price-limited plots, and some luxury houses belong to shared property houses. The government occupies 10% of the property rights, and buyers only need to bear 90% of the price-limited, which is \"equivalent to another 10% discount\".</p><p>Although it is common for luxury residential agents not to open for half a year, luxury residential managers have already felt the cold air of the market.</p><p>According to media reports, due to the decline in transaction volume, the store manager of the luxury residential sector in a first-tier city encountered the \"worst year\" since entering the industry in 2016.</p><p><b>Celebrity Sell-Off Isn't That Bad</b></p><p>In the past year, the news of celebrities selling luxury homes has increased significantly.</p><p>In July 2022, Zhang Yimou was rumored to have sold a villa in Wuxi, listed for 35 million, and finally sold for 61 million.</p><p>Two months later, Wong Cho Lam sold his mansion in Hong Kong for HK $45.8 million (about 41.1 million RMB).</p><p>Football player Gao Lin also sold his Jiangjing Daping Floor in Guangzhou Qiaoxin Huiyuetai, with a listing price of 145 million. The commission of this real estate transaction is as high as millions, attracting countless intermediaries to queue up at the gate of the community.</p><p><img src=\"https://static.tigerbbs.com/5cba89bfdd0411ecebbd8ba313f320bd\" tg-width=\"1024\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>Immediately afterwards, ordinary rich people also acted more. According to media reports, in the second half of last year, Shanghai was located<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>The number of listings of Shimao Riverside Garden, a luxury residential area, has surged.</p><p>Spring River Plumbing Duck Prophet, rich people selling luxury homes, is regarded as some kind of negative signal in the real estate market.</p><p>However, are the rich in a hurry to sell their properties?</p><p>The answer is: not necessarily.</p><p>Liang Hualong, a luxury residential agency in Beijing, told Salt Finance: \"In November and December last year, the number of listings increased significantly. But at the same time, after the epidemic was released, the amount of de-sales also increased. Therefore, the current inventory backlog is not significant.\"</p><p>Judging from the whole year of last year, the number of new listings of luxury houses in Beijing did not rise but fell. A reporter from Salt Finance saw in a luxury housing market research report that in 2022, the number of new second-hand luxury houses in Beijing will drop by 13.1% year-on-year.</p><p>The decline in new houses is precisely related to the correction of the second-hand luxury housing market. Due to the decrease of passenger flow and attention of second-hand luxury homes, owners who have no need for cash in the short term will postpone the sale of their homes</p><p>\"Now, the national market is divided. Whether the house works or not depends on whether the city works or not. When looking at the city, a big city like Beijing still needs to look carefully at whether each plate works or not,\" Tian Peng said. \"Simply saying that all houses can't work is purely eye-catching.\"</p><p>Despite the decline in transaction volume, most luxury residential brokers will say that the luxury residential market in first-tier cities is not that bad.</p><p>The reason is that the prices of second-hand luxury homes in these cities are still firm.</p><p>For example, in 2022, Beijing will sell 3,469 luxury homes with a total price of more than 15 million, a year-on-year decrease of 26.65%, but the average transaction price of 95,900 per square meter will still increase by 3.51%; A total of 1,391 second-hand luxury houses were sold in Shanghai, a year-on-year decrease of 41.33%, but the average transaction price increased by 7.08% year-on-year to 115,000 per square meter.</p><p>There are many specific reasons for the decline in luxury housing transactions last year.</p><p>Many people believe that the current luxury housing market is a rational return after the wild growth in 2020 and 2021. For example, the transaction volume of second-hand luxury homes in Beijing last year was actually slightly higher than that in 2018 and 2019, but compared with the peak in 2021, the year-on-year decline was particularly prominent.</p><p>Another factor is that the supply of new luxury homes in some cities will increase significantly in 2022. For example, Beijing increased by 31.87%, Shanghai increased by 10.25%, and the choice of new luxury houses increased, resulting in a decline in the transaction volume of second-hand luxury houses.</p><p>And real luxury houses may never lack popularity.</p><p>On January 17, 2023, a villa located on Huamu Road, Pudong New District, Shanghai, goes up for judicial auction online. The starting price was about 53.7 million, and a total of 210,000 people signed up. After two and a half hours of fierce bidding, it was finally sold for 118 million.</p><p>Liu Yi, who has been engaged in luxury house transactions in Shanghai for 10 years, told Salt Finance and Economics that it is indeed not much for the transaction price to reach twice the starting price. 1.5 times and 1.8 times are common situations. \"Basically, the auction price is a little higher than the market price, especially in the past two years\".</p><p><b>Who is \"spending a lot of money\"</b></p><p>Mansions can witness many stories, such as where money will go in this era.</p><p>In 2016, Gao Lin bought the flat floor of Guangzhou Qiaoxin Huiyuetai for 40 million yuan. Six years later, when the home was sold, the listing price was 145 million. It is said that Hong Kong singers Lin Zixiang and Ye Qianwen took over for 129 million yuan, and Gao Lin made a net profit of nearly 90 million yuan.</p><p>Tian Peng has had an obvious feeling since he joined the industry, that is, there are more and more young customers born in the 1990s. He told Salt Finance and Economics that one of them started their own businesses and became high-net-worth individuals, and the other was that their parents helped to buy them.</p><p>However, in an article by Ding Zuyu, he pointed out that a major change in the luxury housing market in 2022 is the increase in \"older customers\".</p><p>Last year, more than 90% of luxury home buyers were over 45 years old, and 30 + upstarts began to hide in the luxury home market.</p><p>Li Yujia, a well-known real estate researcher, told Salt Finance that the reason why the domestic luxury housing market has been fierce in the past few years is that the listing of \"specialized, special and new\" companies in the real estate, finance, Internet, and new energy industries on the small and medium-sized board and the GEM has contributed a group of luxury home buyers.</p><p>Now these industries are beginning to fall from their highs, causing the demand for luxury homes to collapse rapidly.</p><p>Coincidentally, the luxury housing market in New York also entered a dull period in the second half of last year. In 2022, 64% of luxury housing transactions in New York occurred in the first half of the year. Faced with the deteriorating stock market and declining income, most bankers, traders and financial services professionals decided to wait and see for the time being.</p><p>In some cities with limited purchasing power, in the face of a steady supply of new houses and luxury houses, there is a situation that \"rich people don't have enough\".</p><p>In June last year, Haiyue, the top luxury house in Nanjing, was pushed, and 116 suites were sold out on the same day; By the end of December, when all things in Haiyue were pushed again, there was no \"sunlight\" scene, and it took more than half a month for 46 suites to be sold.</p><p>Liang Hualong said that most of his clients are more concerned about their feelings when buying a house, especially a house worth more than 50 million yuan. When buying, the rich mainly look at one point: whether they like it or not.</p><p>However, luxury homes are still a money game for the super-rich. In addition to pure living, buying and selling luxury homes also plays an important role in optimizing asset allocation.</p><p>The ease of \"spending a lot of money\" may just be an appearance. Tian Peng said that after the first transaction, he discovered that the customer had been looking at the house for more than a year, and basically all the products at the same price had been seen.</p><p>Usually, mansions are so far away from ordinary people that accidentally peeking into a corner of them can cause shocks.</p><p>At the beginning of this year, a short video of a middle school student driving a basket at home stirred up an Internet storm, just because it was located in \"Wanliu Academy\", a famous luxury residential area in Beijing.</p><p><img src=\"https://static.tigerbbs.com/7b0c21f638c1fe68b0640c2198037e58\" tg-width=\"1024\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>The mansion shows differences everywhere to proclaim an order of rich and poor:</p><p>Every brick on the five-meter outer wall of Wanliu Academy came all the way from Holland; The water quality, sound and air inside the wall have reached the level of Swiss convalescence; The trash cans in the community are all made of pure copper. Most of the time, this mansion world is tightly closed.</p><p>According to several luxury agents, most of the wealthy people they come into contact with are humble but private. People outside the gate of the mansion can only find some clues through their actions of buying and selling real estate.</p><p>However, when a reporter from Salt Finance and Economics asked a luxury residential agent online to talk about the luxury residential market she saw, she was busy and sent a voice message saying that she was only selling houses and did not understand the market.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rich people dump mansions like crazy</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\">\nRich people dump mansions like crazy\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\">2023-02-05 12:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</b>Tian Peng always remembers the scene when he first opened the bill three years ago:</p><p>A customer saw it twice, and it took four days to decide to buy a luxury house with a transaction price of 60 million yuan.</p><p>\"At that time, it felt even more enjoyable to me than buying a bicycle\".</p><p>In the past few years, the number of wealthy people all over the world has been increasing, which has contributed to the hot luxury housing market to some extent.</p><p>In 2021, ultra-high net worth individuals with global net worth of more than US $30 million increased by 9.3% in one year, with an increase of 52,000.</p><p>The same is true at home. According to Barron's Weekly, in the first half of 2022, the number of ultra-high net worth people in China increased by 2.3%, reaching a total of more than 50,000.</p><p>But recently, there was a surprising news.</p><p>On the last day of 2022, E-House CEO Ding Zuyu said at a press conference that last year, the transaction volume of top luxury homes across the country with more than 50 million fell by 40% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/842b64ff8bd0a6b2c9639f69b1f42cf3\" tg-width=\"1024\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p><p>Some people say that rich people are fleeing mansions.</p><p>Is that the truth?</p><p><b>The mansion myth is broken</b></p><p>The popularity of luxury houses is the impression left on people in the past three years. Especially in the first half of last year, the property market across the country, including first-tier cities, completely stalled, but luxury houses went out of an independent market.</p><p>For example, in Guangzhou, the luxury houses in Zhujiang New Town have single-handedly raised the second-hand housing prices in Tianhe District; In Beijing and Shenzhen, the scene of luxury houses being sold out at the opening is still going on.</p><p>It is not only the ultimate enjoyment of living, but also the scarcity of location, area and quality, luxury houses are one of the most valuable assets in the world. Buying luxury homes has always been the first choice for the rich in the world when allocating assets.</p><p>Compared with ordinary houses, the market of luxury houses is niche and more resilient.</p><p>There is a saying circulating on the Internet: when the property market recovers, luxury houses go first, the property market falls, and luxury houses fall again at the last minute.</p><p>Globally, the impact of the pandemic over the past few years has hardly affected luxury homes. Two years ago,<a href=\"https://laohu8.com/S/00142\">First Pacific</a>A report by Davis Research shows that after a brief decline in the first half of 2020, the global luxury home capital value index resumed its growth momentum in the second half of 2020, growing 0.5% for the whole year.</p><p>The report also predicts that luxury home prices in Beijing, Shanghai, Guangzhou and Shenzhen, China, will continue to grow in 2021.</p><p>Indeed, as predicted, in 2021, the domestic luxury housing market will be extremely active, with prices and transaction volumes rising all the way, and the transaction volume of luxury houses in many first-tier cities will hit a new high in five years.</p><p><img src=\"https://static.tigerbbs.com/78484a3d33a64167701b6cc2b1065d18\" tg-width=\"1024\" tg-height=\"534\" referrerpolicy=\"no-referrer\"/></p><p>Now, however, the myth of luxury growth seems to be shattered.</p><p>According to the data disclosed by Ding Zuyu, throughout 2022, the transaction volume of new houses and luxury homes with more than 10 million and more than 30 million in the core ten cities across the country will still maintain a growth trend, rising by 10% and 5% respectively. However, the first-hand volume of top-notch luxury homes has fallen sharply-only 383 of more than 50 million top-notch new homes in the country were sold, down 40% year-on-year.</p><p>From the perspective of unit price, in 2022, the transaction volume of new luxury houses with a unit price of more than 150,000/square meter nationwide will also drop by 19%, with 422 transactions.</p><p>The situation of second-hand luxury housing market is even less optimistic.</p><p>The transaction volume of second-hand luxury homes in all price ranges has declined, of which those with more than 10 million fell by 42% year-on-year, those with more than 30 million fell by 28%, and those with more than 50 million fell by 18%.</p><p>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</p><p><img src=\"https://static.tigerbbs.com/9b4d431181d2bdde9bce1e0572b8fe33\" tg-width=\"1024\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/></p><p>Tian Peng, who is currently a researcher in a luxury housing brokerage agency, told Salt Finance reporter that the transaction volume of new luxury houses is higher than that of second-hand houses because \"new houses\" are attractive, and the price of first-and second-hand luxury houses is inverted.</p><p>Take Beijing as an example. Most luxury houses are located in price-limited plots, and some luxury houses belong to shared property houses. The government occupies 10% of the property rights, and buyers only need to bear 90% of the price-limited, which is \"equivalent to another 10% discount\".</p><p>Although it is common for luxury residential agents not to open for half a year, luxury residential managers have already felt the cold air of the market.</p><p>According to media reports, due to the decline in transaction volume, the store manager of the luxury residential sector in a first-tier city encountered the \"worst year\" since entering the industry in 2016.</p><p><b>Celebrity Sell-Off Isn't That Bad</b></p><p>In the past year, the news of celebrities selling luxury homes has increased significantly.</p><p>In July 2022, Zhang Yimou was rumored to have sold a villa in Wuxi, listed for 35 million, and finally sold for 61 million.</p><p>Two months later, Wong Cho Lam sold his mansion in Hong Kong for HK $45.8 million (about 41.1 million RMB).</p><p>Football player Gao Lin also sold his Jiangjing Daping Floor in Guangzhou Qiaoxin Huiyuetai, with a listing price of 145 million. The commission of this real estate transaction is as high as millions, attracting countless intermediaries to queue up at the gate of the community.</p><p><img src=\"https://static.tigerbbs.com/5cba89bfdd0411ecebbd8ba313f320bd\" tg-width=\"1024\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>Immediately afterwards, ordinary rich people also acted more. According to media reports, in the second half of last year, Shanghai was located<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>The number of listings of Shimao Riverside Garden, a luxury residential area, has surged.</p><p>Spring River Plumbing Duck Prophet, rich people selling luxury homes, is regarded as some kind of negative signal in the real estate market.</p><p>However, are the rich in a hurry to sell their properties?</p><p>The answer is: not necessarily.</p><p>Liang Hualong, a luxury residential agency in Beijing, told Salt Finance: \"In November and December last year, the number of listings increased significantly. But at the same time, after the epidemic was released, the amount of de-sales also increased. Therefore, the current inventory backlog is not significant.\"</p><p>Judging from the whole year of last year, the number of new listings of luxury houses in Beijing did not rise but fell. A reporter from Salt Finance saw in a luxury housing market research report that in 2022, the number of new second-hand luxury houses in Beijing will drop by 13.1% year-on-year.</p><p>The decline in new houses is precisely related to the correction of the second-hand luxury housing market. Due to the decrease of passenger flow and attention of second-hand luxury homes, owners who have no need for cash in the short term will postpone the sale of their homes</p><p>\"Now, the national market is divided. Whether the house works or not depends on whether the city works or not. When looking at the city, a big city like Beijing still needs to look carefully at whether each plate works or not,\" Tian Peng said. \"Simply saying that all houses can't work is purely eye-catching.\"</p><p>Despite the decline in transaction volume, most luxury residential brokers will say that the luxury residential market in first-tier cities is not that bad.</p><p>The reason is that the prices of second-hand luxury homes in these cities are still firm.</p><p>For example, in 2022, Beijing will sell 3,469 luxury homes with a total price of more than 15 million, a year-on-year decrease of 26.65%, but the average transaction price of 95,900 per square meter will still increase by 3.51%; A total of 1,391 second-hand luxury houses were sold in Shanghai, a year-on-year decrease of 41.33%, but the average transaction price increased by 7.08% year-on-year to 115,000 per square meter.</p><p>There are many specific reasons for the decline in luxury housing transactions last year.</p><p>Many people believe that the current luxury housing market is a rational return after the wild growth in 2020 and 2021. For example, the transaction volume of second-hand luxury homes in Beijing last year was actually slightly higher than that in 2018 and 2019, but compared with the peak in 2021, the year-on-year decline was particularly prominent.</p><p>Another factor is that the supply of new luxury homes in some cities will increase significantly in 2022. For example, Beijing increased by 31.87%, Shanghai increased by 10.25%, and the choice of new luxury houses increased, resulting in a decline in the transaction volume of second-hand luxury houses.</p><p>And real luxury houses may never lack popularity.</p><p>On January 17, 2023, a villa located on Huamu Road, Pudong New District, Shanghai, goes up for judicial auction online. The starting price was about 53.7 million, and a total of 210,000 people signed up. After two and a half hours of fierce bidding, it was finally sold for 118 million.</p><p>Liu Yi, who has been engaged in luxury house transactions in Shanghai for 10 years, told Salt Finance and Economics that it is indeed not much for the transaction price to reach twice the starting price. 1.5 times and 1.8 times are common situations. \"Basically, the auction price is a little higher than the market price, especially in the past two years\".</p><p><b>Who is \"spending a lot of money\"</b></p><p>Mansions can witness many stories, such as where money will go in this era.</p><p>In 2016, Gao Lin bought the flat floor of Guangzhou Qiaoxin Huiyuetai for 40 million yuan. Six years later, when the home was sold, the listing price was 145 million. It is said that Hong Kong singers Lin Zixiang and Ye Qianwen took over for 129 million yuan, and Gao Lin made a net profit of nearly 90 million yuan.</p><p>Tian Peng has had an obvious feeling since he joined the industry, that is, there are more and more young customers born in the 1990s. He told Salt Finance and Economics that one of them started their own businesses and became high-net-worth individuals, and the other was that their parents helped to buy them.</p><p>However, in an article by Ding Zuyu, he pointed out that a major change in the luxury housing market in 2022 is the increase in \"older customers\".</p><p>Last year, more than 90% of luxury home buyers were over 45 years old, and 30 + upstarts began to hide in the luxury home market.</p><p>Li Yujia, a well-known real estate researcher, told Salt Finance that the reason why the domestic luxury housing market has been fierce in the past few years is that the listing of \"specialized, special and new\" companies in the real estate, finance, Internet, and new energy industries on the small and medium-sized board and the GEM has contributed a group of luxury home buyers.</p><p>Now these industries are beginning to fall from their highs, causing the demand for luxury homes to collapse rapidly.</p><p>Coincidentally, the luxury housing market in New York also entered a dull period in the second half of last year. In 2022, 64% of luxury housing transactions in New York occurred in the first half of the year. Faced with the deteriorating stock market and declining income, most bankers, traders and financial services professionals decided to wait and see for the time being.</p><p>In some cities with limited purchasing power, in the face of a steady supply of new houses and luxury houses, there is a situation that \"rich people don't have enough\".</p><p>In June last year, Haiyue, the top luxury house in Nanjing, was pushed, and 116 suites were sold out on the same day; By the end of December, when all things in Haiyue were pushed again, there was no \"sunlight\" scene, and it took more than half a month for 46 suites to be sold.</p><p>Liang Hualong said that most of his clients are more concerned about their feelings when buying a house, especially a house worth more than 50 million yuan. When buying, the rich mainly look at one point: whether they like it or not.</p><p>However, luxury homes are still a money game for the super-rich. In addition to pure living, buying and selling luxury homes also plays an important role in optimizing asset allocation.</p><p>The ease of \"spending a lot of money\" may just be an appearance. Tian Peng said that after the first transaction, he discovered that the customer had been looking at the house for more than a year, and basically all the products at the same price had been seen.</p><p>Usually, mansions are so far away from ordinary people that accidentally peeking into a corner of them can cause shocks.</p><p>At the beginning of this year, a short video of a middle school student driving a basket at home stirred up an Internet storm, just because it was located in \"Wanliu Academy\", a famous luxury residential area in Beijing.</p><p><img src=\"https://static.tigerbbs.com/7b0c21f638c1fe68b0640c2198037e58\" tg-width=\"1024\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>The mansion shows differences everywhere to proclaim an order of rich and poor:</p><p>Every brick on the five-meter outer wall of Wanliu Academy came all the way from Holland; The water quality, sound and air inside the wall have reached the level of Swiss convalescence; The trash cans in the community are all made of pure copper. Most of the time, this mansion world is tightly closed.</p><p>According to several luxury agents, most of the wealthy people they come into contact with are humble but private. People outside the gate of the mansion can only find some clues through their actions of buying and selling real estate.</p><p>However, when a reporter from Salt Finance and Economics asked a luxury residential agent online to talk about the luxury residential market she saw, she was busy and sent a voice message saying that she was only selling houses and did not understand the market.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3681186\">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/f7fc6b52d206489dfbdcdb44ab212ea5","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3681186","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309716873","content_text":"与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。田鹏始终记得，三年前自己第一次开单时的场景：一位客户看了两次，用了四天时间，就决定买下一套豪宅，成交价6000万元。“当时给我感觉，比我买辆自行车，都还要痛快”。过去几年，全世界的有钱人正在不断增多，一定程度上助长了豪宅市场的火热。2021年，全球净资产在3000万美元以上的超高净值人群在一年内增长了9.3%，增长人数为5.2万人。国内的情况同样如此。根据《巴伦周刊》，2022年上半年，中国超高净值人数增长了2.3%，达到共5万多人。但最近却有一则消息令人意外。2022年的最后一天，易居CEO丁祖昱在一次发布会上表示，去年，全国5000万以上的顶级豪宅成交量同比下跌了40%。对此有人说，有钱人正在逃离豪宅。事实是这样吗？豪宅神话已破豪宅火爆，是过去三年给人们留下的印象。尤其在去年上半年，全国包括一线城市在内的楼市全面熄火，豪宅却走出了一条独立行情。比如，在广州，珠江新城的豪宅以一己之力带高了天河区二手房房价；在北京、深圳，豪宅盘开盘即售罄的场景仍在上演。不光是居住的极致享受，凭借地段、面积、品质的稀缺性，豪宅是世上最保值的资产之一。购买豪宅，也始终是全球富人资产配置时的首选。相比普通住宅，豪宅的市场小众、也更具备韧性。网上就流传着这样一句话：楼市复苏，豪宅先行，楼市下跌，豪宅最后一刻再跌。从全球范围来看，过去几年疫情的冲击几乎没有对豪宅产生影响。两年前，第一太平戴维斯研究部的一份报告显示，全球豪宅资本价值指数在2020年上半年短暂下滑之后，又在下半年恢复了增势，全年增长0.5%。报告还预测了中国北京、上海、广州、深圳的豪宅价格将在2021年继续增长。的确如预测般那样，2021年，国内豪宅市场极其活跃，价格与成交量一路高涨，多个一线城市的豪宅成交量创下五年内的新高。不过如今，豪宅增长的神话似乎破灭了。根据丁祖昱披露的数据，2022年全年，全国核心十城1000万以上与3000万以上的新房豪宅成交量仍然维持了增长趋势，分别上涨10%与5%。然而，顶级豪宅的一手成交量却出现了大幅下跌——全国5000万以上的顶级新房豪宅只成交了383套，同比下跌40%。从单价上来看，2022年，全国单价15万/平方米以上的新房豪宅成交量也下降了19%，成交数为422套。二手豪宅市场的情况更加不容乐观。各个价格区间的二手豪宅成交量均出现了下跌，其中1000万以上的同比下跌42%，3000万以上下跌28%，5000万以上下跌18%。与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。目前在豪宅经纪机构从事研究员的田鹏告诉盐财经记者，豪宅新房成交量高于二手房，是因为“打新”具有吸引力，一二手豪宅存在价格倒挂。以北京为例，大部分豪宅盘位于限价地块，还有一部分豪宅属于共有产权房，政府占据10%的产权，买房者只需负担限价的90%，“相当于又打了9折”。尽管对于豪宅中介来说，半年不开张是常事，但豪宅经理人们已经感受到了市场的寒气。有媒体报道，由于成交量下降，在某一线城市的豪宅板块的门店经理，遇到了2016年入行以来“最差的一年”。名人抛售并没有那么坏过去一年，名人抛售豪宅的消息明显增多。2022年7月，张艺谋被传出售位于无锡的一套别墅，挂牌3500万，最终以6100万成交。两个月后，王祖蓝以4580万港元（约4110万人民币）卖掉了他在香港的豪宅。足球运动员郜林也出售了他在广州侨鑫汇悦台的江景大平层，挂牌价1.45亿。这笔房产交易佣金便高达上百万，引来无数中介在小区门口排起长龙。紧接着，普通富豪的动作也多了起来。有媒体报道，去年下半年，上海位于陆家嘴的豪宅小区世茂滨江花园挂牌量激增。春江水暖鸭先知，富人卖豪宅，被视作房地产市场的某种消极信号。不过，富人都在急着抛售房产吗？答案是：未必。位于北京的豪宅中介梁华龙对盐财经表示：“去年11月和12月，挂牌量明显增多。但与此同时，在疫情放开后，去化量也增多了。因此，目前库存积压情况并不显著。”从去年全年看来，北京豪宅的新增挂牌量不升反降。盐财经记者在一份豪宅市场研究报告中看到，2022年，北京二手豪宅新增房源同比下降了13.1%。而新增房源下降，恰恰与二手豪宅市场的回调有关。由于二手豪宅的客流与关注度减少，短期没有资金变现需求的业主便会推迟出售房“现在，全国市场是分化的。房子行不行，要看城市行不行。而看城市时，像北京这样的大城市，则还需细看各个板块行不行”，田鹏说，“单纯说所有房子都不行了纯是博眼球的。”尽管成交量出现下跌，但大多数豪宅经纪都会表示：一线城市的豪宅市场并没有那么坏。理由是这些城市的二手豪宅价格依旧坚挺。比如北京在2022年卖出3469套总价在1500万以上的豪宅，同比下降26.65%，但9.59万每平方米的成交均价还是上涨了3.51%；上海共成交1391套二手豪宅，同比下降41.33%，但成交均价同比上涨7.08%，为11.5万每平方米。去年的豪宅成交量下滑，有许多具体原因。许多人认为，现在的豪宅市场是经历了2020年、2021年疯长后的理性回归。比如去年北京二手豪宅成交量实际上略高于2018年与2019年，不过相比于2021年的高峰值，显得同比下滑尤为突出。另一个因素在于，2022年一些城市的新房豪宅供应明显增长。如北京增长了31.87%，上海增长了10.25%，新房豪宅的选择增多，导致二手豪宅成交量下滑。而真正的豪宅或许从来不缺人气。2023年1月17日，位于上海浦东新区花木路的一栋别墅在网上进行司法拍卖。起拍价约为5370万，共有21万人报名，经过两个半小时的激烈竞价，最终以1.18亿成交。在上海从事豪宅交易10年之久的刘亿告诉盐财经，成交价达到起拍价的两倍的确不多，1.5倍与1.8倍是常见情况，“基本上拍卖的都比市场价高一点，尤其是这两年”。谁在“一掷千金”豪宅能够见证许多故事，譬如这个时代的钱会流向何处。2016年，郜林用4000万元买下广州侨鑫汇悦台的大平层。六年后，当这套房子被出售时，挂牌价是1.45亿。据说，香港歌手林子祥、叶倩文夫妇以1.29亿元接手，一买一卖，郜林净赚近9000万。田鹏入行以来有一个明显的感受，即“90后”年轻客户越来越多。他告诉盐财经，他们中一类是自身创业成为高净值人群，另一类是父母帮助购买。不过在丁祖昱的一篇文章中，他指出2022年豪宅市场的一大改变在于，“年长客户”的增加。去年，有超过九成的豪宅购房者为45岁以上人群，30+的新贵们开始在豪宅市场中隐身。知名地产研究员李宇嘉对盐财经表示，前几年国内豪宅市场之所以势头凶猛，是因为地产、金融、互联网、新能源行业内“专精特新”企业在中小板、创业板的上市，贡献了一批豪宅购买者。如今这些行业开始出现高位回落，导致对豪宅的需求迅速坍塌。无独有偶，纽约的豪宅市场也在去年下半年进入平淡期，2022年纽约有64%的豪宅交易发生在上半年。面对恶化的股市与减少的收入，大多数的银行家、交易员与金融服务行业人员决定暂时观望。而在一些购买力本身有限的城市中，源源不断的新房豪宅供应面前，出现了“有钱人不太够用”的局面。去年6月，南京顶级豪宅海玥万物加推，116套房源当天售罄；到了12月底，海玥万物再度加推时，已不复“日光”景象，46套房源的去化用了大半个月时间。梁华龙表示，他的大部分客户在买房时更在意自己的感受，尤其是5000万以上的房子，富人们在购买时主要看一点：是否喜欢。不过，豪宅仍是超级富豪的资金游戏。除了纯粹的居住之外，买卖豪宅还有重要的优化资产配置的作用。“一掷千金”的轻松或许只是表象。田鹏说，在第一单成交后他才发现，那位客户已经看了一年多的房子，同价位产品基本上都已经看过。通常，豪宅距离普通人十分遥远，以至于不小心窥见其中的一个角落，就能引起震荡。今年年初，一位中学生在家中胯下运篮的短视频搅动了一场互联网风暴，只因它定位在“万柳书院”，北京著名的豪宅小区。豪宅处处彰显着不同，以宣告一种贫富的秩序：万柳书院五米外墙上的每一块砖头都是从荷兰远道而来；墙内的水质、声音、空气达到了瑞士疗养级水平；小区里的垃圾桶均由纯铜打造。大部分时候，这个豪宅世界是紧紧关闭的。根据几位豪宅中介的说法，他们接触的富豪大部分谦逊但注重隐私。在豪宅大门之外的人只能通过他们买卖房产的动作中，寻得一些蛛丝马迹。不过，当盐财经记者在网上请一位豪宅中介谈谈所看见的豪宅市场时，忙碌的她发过来一条语音说，她只是卖房的，并不懂市场。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622179530,"gmtCreate":1675328816422,"gmtModify":1676538993398,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"……","listText":"……","text":"……","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622179530","repostId":"2308066214","repostType":4,"isVote":1,"tweetType":1,"viewCount":1938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622125742,"gmtCreate":1675313131188,"gmtModify":1676538992134,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"It is better than die immediately。","listText":"It is better than die immediately。","text":"It is better than die immediately。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622125742","repostId":"1197702624","repostType":4,"repost":{"id":"1197702624","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":1675311924,"share":"https://ttm.financial/m/news/1197702624?lang=en_US&edition=fundamental","pubTime":"2023-02-02 12:25","market":"hk","language":"zh","title":"Nio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company","url":"https://stock-news.laohu8.com/highlight/detail?id=1197702624","media":"老虎资讯综合","summary":"2月2日，有消息称，蔚来开启降价促销，2022款ES6和ES8降幅最高超过10万元。蔚来相关负责人回应称：“蔚来2022款ES8、ES6和EC6车型即将迎来全新换代，目前还有少量展车和库存车可供销售，","content":"<p><html><head></head><body>On February 2, it was reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The price reduction promotion has been launched, and the 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The relevant person in charge responded: \"Nio's 2022 ES8, ES6 and EC6 models are about to usher in a new generation. There are currently a small number of show cars and stock cars available for sale. These vehicles can enjoy the show car policy. Nio has daily replacement policies, financial policies, technology configuration packages, etc. are available for users to choose from. At present, they are still valid for the above-mentioned ES8, ES6 and EC6 models, among which the financial policy is more preferential to car buyers.\"</p><p><b>Previously reported:</b></p><p>There were media reports at noon on February 2nd,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The car has begun to offer price reduction promotions for the 2022 ES6 and ES8, and the ES7 also has a certain discount margin. It was confirmed from the two salespeople that this promotion plan was announced and implemented at the regular meeting on the morning of February 1st. However, in<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Official website, Nio App and other official information channels did not announce this news.</p><p>Nio's sales staff described this price reduction promotion plan as \"I have never seen such a large discount margin, an unprecedented discount\". According to the promotion plan, the prices of Nio's 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan. And Nio does not impose restrictions on the purchase method of vehicle purchase and battery leasing scheme (BaaS). Nio can also give discounts ranging from 3,000 to 5,000 yuan to users who buy cars in full, including Nio ES7.</p><p><img src=\"https://static.tigerbbs.com/e51d2b0ec42ddc372ec4461aa41989dc\" tg-width=\"1234\" tg-height=\"409\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company\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\">2023-02-02 12:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On February 2, it was reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The price reduction promotion has been launched, and the 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The relevant person in charge responded: \"Nio's 2022 ES8, ES6 and EC6 models are about to usher in a new generation. There are currently a small number of show cars and stock cars available for sale. These vehicles can enjoy the show car policy. Nio has daily replacement policies, financial policies, technology configuration packages, etc. are available for users to choose from. At present, they are still valid for the above-mentioned ES8, ES6 and EC6 models, among which the financial policy is more preferential to car buyers.\"</p><p><b>Previously reported:</b></p><p>There were media reports at noon on February 2nd,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The car has begun to offer price reduction promotions for the 2022 ES6 and ES8, and the ES7 also has a certain discount margin. It was confirmed from the two salespeople that this promotion plan was announced and implemented at the regular meeting on the morning of February 1st. However, in<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Official website, Nio App and other official information channels did not announce this news.</p><p>Nio's sales staff described this price reduction promotion plan as \"I have never seen such a large discount margin, an unprecedented discount\". According to the promotion plan, the prices of Nio's 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan. And Nio does not impose restrictions on the purchase method of vehicle purchase and battery leasing scheme (BaaS). Nio can also give discounts ranging from 3,000 to 5,000 yuan to users who buy cars in full, including Nio ES7.</p><p><img src=\"https://static.tigerbbs.com/e51d2b0ec42ddc372ec4461aa41989dc\" tg-width=\"1234\" tg-height=\"409\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a3b92523152bd36c422721756606e549","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197702624","content_text":"2月2日，有消息称，蔚来开启降价促销，2022款ES6和ES8降幅最高超过10万元。蔚来相关负责人回应称：“蔚来2022款ES8、ES6和EC6车型即将迎来全新换代，目前还有少量展车和库存车可供销售，这部分车辆可以享受展车政策。蔚来日常有置换政策、金融政策、科技配置包等可供用户选择，目前针对上述ES8、ES6和EC6车型仍然有效，其中金融政策对购车用户优惠较大。”此前报道：2月2日午间有媒体报道，蔚来汽车开始针对2022款ES6和ES8进行降价促销，ES7也有一定的优惠幅度。从两位销售人员处确认，这一促销方案是2月1日上午例会上通知并开始执行。但是，在蔚来官网、蔚来App和其他官方信息渠道并没有公布这一消息。蔚来的销售人员用“从没有见过如此大的优惠幅度，史无前例的优惠”来形容这一降价促销方案。按照促销方案，蔚来2022款ES6和ES8的价格降幅最高超过了10万元。且蔚来对采用整车购买和电池租赁方案（BaaS）的购买方式不作限制。对全款购车的用户，包括蔚来ES7在内，蔚来还可以给予3000-5000元不等的折扣优惠。","news_type":1,"symbols_score_info":{"09866":0.9,"NIO.SI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622990288,"gmtCreate":1675085590246,"gmtModify":1676538975180,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"So high price is necessory for&nbsp;industry success？","listText":"So high price is necessory for&nbsp;industry success？","text":"So high price is necessory for industry success？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622990288","repostId":"1192801319","repostType":4,"repost":{"id":"1192801319","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":1675084895,"share":"https://ttm.financial/m/news/1192801319?lang=en_US&edition=fundamental","pubTime":"2023-01-30 21:21","market":"us","language":"zh","title":"Ideal L5 model announced for the first time: not an SUV, the price remains above 200,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1192801319","media":"老虎资讯综合","summary":"1月30日讯，理想汽车CEO李想在社交媒体发文表示，全尺寸的理想L9会坚守40-50万的价格区间，中大型的理想L8和理想L7会坚守30-40万的价格区间，中型的理想L6和理想L5（非SUV形态）会坚守","content":"<p><html><head></head><body>On January 30, Li Auto CEO Li Xiang posted on social media that the full-size Ideal L9 will stick to the price range of 400,000-500,000, the medium and large Ideal L8 and Ideal L7 will stick to the price range of 300,000-400,000, and the medium-sized Ideal L6 and Ideal L5 (non-SUV form) will stick to the price range of 200,000-300,000. There will be no models within 200,000 yuan, and the price ranges of the three (full-size, medium-large, medium-sized) size models will be strictly observed.</p><p><img src=\"https://static.tigerbbs.com/2ca153ce34096aaf27bd6ea4bd52b9e3\" tg-width=\"509\" tg-height=\"167\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ideal L5 model announced for the first time: not an SUV, the price remains above 200,000</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\">\nIdeal L5 model announced for the first time: not an SUV, the price remains above 200,000\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\">2023-01-30 21:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 30, Li Auto CEO Li Xiang posted on social media that the full-size Ideal L9 will stick to the price range of 400,000-500,000, the medium and large Ideal L8 and Ideal L7 will stick to the price range of 300,000-400,000, and the medium-sized Ideal L6 and Ideal L5 (non-SUV form) will stick to the price range of 200,000-300,000. There will be no models within 200,000 yuan, and the price ranges of the three (full-size, medium-large, medium-sized) size models will be strictly observed.</p><p><img src=\"https://static.tigerbbs.com/2ca153ce34096aaf27bd6ea4bd52b9e3\" tg-width=\"509\" tg-height=\"167\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2cd608dea059f96a8bee52aea078452e","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192801319","content_text":"1月30日讯，理想汽车CEO李想在社交媒体发文表示，全尺寸的理想L9会坚守40-50万的价格区间，中大型的理想L8和理想L7会坚守30-40万的价格区间，中型的理想L6和理想L5（非SUV形态）会坚守20-30万的价格区间。不会有20万以内的车型，三种（全尺寸、中大型、中型）尺寸级别车型的价格区间也都会严格遵守。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":626508719,"gmtCreate":1674364538235,"gmtModify":1676538938388,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","listText":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","text":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626508719","repostId":"2305992479","repostType":4,"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":628874801,"gmtCreate":1673073983904,"gmtModify":1676538784440,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"party go&nbsp;forward","listText":"party go&nbsp;forward","text":"party go forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/628874801","repostId":"2301039786","repostType":4,"repost":{"id":"2301039786","kind":"highlight","pubTimestamp":1673066332,"share":"https://ttm.financial/m/news/2301039786?lang=en_US&edition=fundamental","pubTime":"2023-01-07 12:38","market":"hk","language":"zh","title":"Viewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2301039786","media":"贝壳财经","summary":"相关阅读：解读 | 蚂蚁集团再现大动作，马云退出实控人位置！1月7日，《蚂蚁集团关于持续完善公司治理的公告》对外发布。这一《公告》的核心内容在于，蚂蚁集团主要股东及相关受益人拟对蚂蚁集团股东上层结构进","content":"<p><div>Related reading: Interpretation | Ant Group makes a big move again, and Jack Ma withdraws from the position of actual controller! On January 7, the \"Ant Group's Announcement on Continuous Improvement of Corporate Governance\" was released. The core content of this \"Announcement\" is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of this adjustment is the change in the voting rights of the major shareholders of Ant Group, from Jack Ma and his concerted actions People jointly exercise share voting rights, and 10 natural persons including Ant Group management, employee representatives and founder Jack Ma independently exercise share voting rights. After this adjustment is completed,...</p><p><a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">Web link</a></div></p>","source":"lsy1596160878356","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>Viewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%</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\">\nViewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">贝壳财经</strong><span class=\"h-time small\">2023-01-07 12:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Related reading: Interpretation | Ant Group makes a big move again, and Jack Ma withdraws from the position of actual controller! On January 7, the \"Ant Group's Announcement on Continuous Improvement of Corporate Governance\" was released. The core content of this \"Announcement\" is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of this adjustment is the change in the voting rights of the major shareholders of Ant Group, from Jack Ma and his concerted actions People jointly exercise share voting rights, and 10 natural persons including Ant Group management, employee representatives and founder Jack Ma independently exercise share voting rights. After this adjustment is completed,...</p><p><a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">贝壳财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/71ccb69503492bd4c5be415f2c88879c","relate_stocks":{"LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0173614495.USD":"富达中国焦点A","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0228659784.USD":"施罗德金砖四国基金","BK4575":"芯片概念","BK4558":"双十一","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","BABA":"阿里巴巴","BK1586":"云计算","LU1688375341.USD":"贝莱德中国灵活股票基金","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0456827905.SGD":"JPMorgan Funds - 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Pfizer, nicknamed \"the largest pharmaceutical company in the universe\", has always been among the best in the global pharmaceutical field. Anthelmintic sugar, penicillin, oxytetracycline, Viagra... these important items in human life are all made by it.</p><p>It created the world's first super single product with an annual revenue of over 10 billion US dollars-the antihypertensive drug Lipitor, but in terms of its ability to attract money, COVID-19 vaccine, which has become popular in the past two years, is the new favorite.</p><p>Its COVID-19 vaccine Comirnaty will have sales of US $36.9 billion in 2021, making it the fastest-selling drug in the history of human pharmaceuticals.</p><p>With the blessing of COVID-19 vaccine and the new crown specific drugs, Pfizer will return to the number one position of global pharmaceutical companies in 2021, attracting money like crazy. As a \"new crown winner\", Pfizer is popular enough, but it is also very controversial.</p><p><b>1. Leave the family</b></p><p>In 1848, a pair of German cousins, with $2,500 and a yearning for free adventure, came to the United States and started their \"gold rush dream\".</p><p>Cousin Charles Erhardt learned the craft of making candy from his uncle. Cousin Charles Pfizer asked his father for start-up capital, his apprenticeship as a pharmacist, and some knowledge of chemistry. After researching the market, they thought it was a good opportunity to manufacture specialty chemicals that were not produced in the United States at that time.</p><p>At that time, the western United States was rich in resources, but the sanitary conditions and eating habits were poor, and many people suffered from ascariasis. However, the unswallowable taste of the anthelmintic medicine santonin makes patients very painful. The two began to solve this pain point, and they covered the bitter taste of Shandao Nian with sweetness, and Pagoda Candy came out.</p><p><img src=\"https://static.tigerbbs.com/b41fe3f1eea01d54823e9d7cf631e016\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>This medicine sold very well as soon as it came out, and the two brothers dug up the first pot of gold in their lives.<b>After winning the first battle, they embarked on the journey of chemical production.</b></p><p>In 1861, the American Civil War began, and the demand for painkillers, antidotes and preservatives increased day by day. Pfizer's company has achieved unprecedented development by supplying items to the northern army. In 1868, the company moved to Manhattan's Wall Street district to accommodate its growing size.</p><p>In 1876, at the first Philadelphia World's Fair in the United States, Pfizer was awarded the highest honor award of the fair. He shone as brightly as Bell and Edison, who invented the telephone.</p><p>In 1900, at the age of 76, Pfizer was somewhat overwhelmed. His three sons showed no interest in running the company, but he handed it over to his eldest son anyway. Unexpectedly, the eldest son, who loves hunting and horse racing, lost $2 million because of the failed real estate investment in just two years in charge of the company.</p><p><b>Pfizer recognizes the reality: relying solely on family management, the company has only one dead end.</b></p><p>After careful search, a middle-aged man named John Anderson came into his sight. In 1871, at the age of 16, Anderson was responsible for sweeping the floor and fetching water in the company. Two years later, he was diligent and studious and became a salesman at Pfizer. In 1882, with outstanding business ability, he became the head of Pfizer's only office outside new york-Chicago office.</p><p>In 1905, Pfizer replaced its eldest son as chairman with its youngest son, Emil Pfizer, and then appointed Anderson as CEO of the company, giving him 1% of the company's shares (33% for each of the three sons) and 25% of the company's profits as reward. After making this decision, Pfizer died.</p><p><b>In 1910, at Anderson's proposal, he shared the shares equally with Pfizer's three sons and got 25% of the shares. His role in turning the tide for the company was highlighted with the outbreak of World War I.</b></p><p>At that time, Pfizer made profits by supplying citric acid to the food and beverage, pharmaceutical and textile industries. At that time, the lemons used to produce citric acid mainly came from Italy, but after the outbreak of World War I, the naval blockade and the cartel agreement (monopoly alliance) of Italian lemon growers greatly restricted Pfizer's raw material supply.</p><p>Fortunately, Anderson has long realized the disadvantages of relying too much on imported raw materials.</p><p>Before World War I, the laboratory he established developed a method of producing citric acid by a new fermentation process of brown bread mold. When the raw materials were in an emergency in World War I, he decisively replaced all the equipment in the factory and switched to a new process for production.</p><p>In 1923, Pfizer completely got rid of the restrictions of European citrus growers and became the largest citric acid manufacturer in the United States. In 1929, it monopolized almost all citric acid production on the market, with a scale of tens of millions of pounds.</p><p>January 1929, the new<a href=\"https://laohu8.com/S/41O.SI\">Virtuous</a>William Erhardt succeeded Anderson as chairman, Emil Pfizer as general manager, and Anderson's son, Anderson Jr., became deputy general manager. But soon Pfizer ushered in the post-war Great Depression like a volcanic eruption.</p><p>In 1931, the company's sales fell by 27% and net income by 58%, and soon payroll payment became a problem. In order to tide over the difficulties, Emil Pfizer donated a huge sum of $250,000 out of his own pocket to keep all the production teams.</p><p>Since then, Pfizer has saved millions of dollars by replacing sucrose with molasses to produce citric acid, and has successfully survived the Great Depression by mass-producing gluconic acid. In 1936, Pfizer became the world's leading fermentation chemical company, and began mass production of vitamin C on a large scale based on its technical experience in the production of gluconic acid and citric acid.</p><p>In July 1940, Erhardt died as chairman. The following year, Anderson Jr. became president and chairman, and he ushered in a new era for Pfizer.</p><p>After taking over, he convinced the board of directors to allow Pfizer employees to buy company stock. On June 22, 1942, with the successful listing of Pfizer,<b>Anderson Jr. completed the transformation of Pfizer from a family business to a public company.</b></p><p>In the autumn of 1942, Pfizer, at the call of the U.S. government, cooperated with Merck,<a href=\"https://laohu8.com/S/BMY\">Bristol-Myers Squibb</a>Waiting for the company to study mass production of penicillin together, Pfizer has invested for more than a year, but there is still no progress. The company's researchers who have developed citric acid put forward the idea of \"deep tank fermentation\" to produce citric acid.</p><p>However, the investment in fermentation equipment was huge, and the company was temporarily worried. In order to achieve mass production quickly, all employees actually put their millions of dollars worth of Pfizer shares, bought an idle ice factory near the company, and produced penicillin at six times the estimated output.</p><p><img src=\"https://static.tigerbbs.com/28a7fdbab449a240c890ca8ae46a36c5\" tg-width=\"980\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/></p><p>In the Normandy D-Day World War I in 1944, the US military suffered huge casualties, and 90% of the penicillin used to rescue the wounded came from Pfizer. During World War II, Pfizer supplied more than half of the penicillin produced by the allied forces, and the yield and quality were unmatched.</p><p><b>2. R&D and sales</b></p><p>Although penicillin has made Pfizer famous all over the world and tasted the sweetness of pharmaceuticals, because there is no patent, many manufacturers have poured in, and their profits are getting lower and lower. In 1951, Pfizer successfully developed its own patented broad-spectrum antibiotic-oxytetracycline, which is effective against more than 50 diseases including pneumonia, opening a new era for Pfizer.</p><p><img src=\"https://static.tigerbbs.com/fabde17dbfacfad06f9f7f0cd8b246c2\" tg-width=\"426\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/></p><p>Arthur Sackler, a doctor who once pioneered the medical representative model, based on nearly ten years of physician public relations experience, told Pfizer's sales director: \"As long as you give me enough budget, I can make Pfizer's name known to all doctors.\" The company came up with an unprecedented budget, and an overwhelming advertising campaign began.</p><p>Arthur wants the doctor to be \"surrounded\" by oxytetracycline. He placed large color advertisements in medical journals, and stuffed an eight-page pamphlet of Pfizer Drug Spectrum in the Journal of the American Medical Association, which American doctors subscribe to.</p><p>He even hired copywriters, pretended to be patients all over the world, wrote thousands of postcards, and sent them to family doctors, pediatricians and surgeons all over the United States, claiming that \"oxytetracycline cured milk fever in Malta\" and \"oxytetracycline cured Australian fever\"...</p><p>Once the postcard was sent, Arthur had the salespeople start face-to-face marketing non-stop. Medical representatives visit almost all doctors who can prescribe drugs to ensure that they all receive promotional materials. This operation, coupled with the efficacy of the drug itself, allowed the sales of oxytetracycline to reach 45 million dollars in 1952, and its business expanded to 13 countries.</p><p>This battle is crucial to Pfizer. After the success of oxytetracycline, the name of the company Pfizer was completely determined. The company began to take root in the pharmaceutical field and firmly established the importance of research and development.</p><p>In 1960, they established the world's largest Groton Laboratory in Connecticut, USA, and gathered up to 4,000 R&D personnel. It became the key to Pfizer's growth in the second half of the twentieth century. Piroxicam, an anti-inflammatory drug in 1982, and nifedipine, a coronary heart disease and angina pectoris drug in 1989, were all developed by this laboratory.</p><p><b>Pfizer, which pioneered modern pharmaceutical advertising, has brought its pharmaceutical marketing and channel power to the extreme. It firmly believes that \"research and development is as important as promoting patients' access to drugs.\"</b></p><p>The company's unprecedentedly powerful global medical representatives have gradually grown to more than 10,000 people. They go deep into hospitals and communities, face customers directly, sell drugs and obtain patient information. These channels not only continuously send out Pfizer's drugs, but also form channel barriers that other brands are difficult to overcome.</p><p>Almost all tertiary and secondary hospitals have Pfizer sales staff, who promote products through various academic conferences, forums, presentations, community meetings, lectures by famous doctors, media promotions and other \"multi-channel medical communication\".</p><p><b>\"Appropriate R&D + first-class marketing = the right to speak in the international pharmaceutical field\" has become Pfizer's killer in the battlefield.</b></p><p>In the 1960s, although Pfizer established a laboratory in pharmaceutical research and development, there was a long bottleneck period in new drug research and development. The company's sales gradually decreased, coupled with government regulation, Pfizer began unrelated diversification in 1961-1964.</p><p>Pfizer has acquired 14 over-the-counter drugs and fast-moving consumer products companies, involving businesses including eye drops, soaps, skin care products, perfumes, and razors. But in the daily chemical channel, it has not accumulated<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>With the same channel capabilities, it becomes big but not strong after losing its main business.</p><p>To make matters worse, diversification has made it miss the opportunity to build R&D barriers for the next biotechnology era. Merck's hepatitis B vaccine,<a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The insulin project won a great victory precisely because it seized the forefront of the biotechnology revolution, but Pfizer missed it.</p><p>In the 1980s, Pfizer began to rationalize its assets, divest unrelated businesses, return to the pharmaceutical standard, and expand its business to almost all countries in the world through mergers and acquisitions. But the medical peak it once climbed has become more and more steep. The fruit that can be picked on the tree of research and development has almost disappeared.</p><p><b>Mergers and acquisitions</b></p><p>Since the 1980s, the internal and external environment of pharmaceuticals has changed dramatically, and the risks and difficulties of research and development have soared.</p><p>The complexity of human diseases has increased the cost and cycle of new drug development, but it is difficult for products to be put on the market. The research and development cycle of new drugs is generally 10-15 years, and the cost has risen from 138 million US dollars in 1975 to 802 million US dollars in 2000, and continues to soar. However, new drugs that can be approved by the FDA continue to set record lows.</p><p>Even if it is successfully launched, on average, only 3 of the 10 new drugs on the market can recover the research and development cost. The patent policy of the United States has shortened the valid patent time of new prescription drugs, and drug pricing has become stricter under the pressure of medical costs, further reducing profit margins.</p><p>Pfizer can't escape bad luck. Since the 1990s, although it has invested billions of dollars in research and development, except for the antihypertensive drug Luohuoxi and the antidepressant Yulefu, there have been no super blockbuster drugs. In 1994, Pfizer ranked sixth in pharmaceuticals in the United States, behind Herchester and Bayer in Germany, Glaxo in the United Kingdom and Roche in Switzerland.</p><p><img src=\"https://static.tigerbbs.com/a6427e8e241348a8b7712b48103a76b7\" tg-width=\"1080\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>But it still hasn't stopped research and development. In 1998, Viagra (Viagra) went on the market, and this little blue pill achieved unprecedented success. According to statistics, all over the world, 4 Viagra pills are taken by patients every second. The success of Viagra has accumulated huge wealth for it, which has become its confidence in fighting on the battlefield since then.</p><p><b>At the same time, Pfizer chose to use its sales advantages to make up for R&D risks.</b>In the early 1990s, the antibiotic Zithromax it launched was developed by the Croatian company Sour Pliva in 1988. Sour Pliva transferred the global production and market development rights of the drug to Pfizer. Because Pfizer's almost unrivaled sales ability can even make products catch up from behind.</p><p>Pfizer has developed strategic collaborations with more than 150 companies. In 1997, it established more than 20 alliances with research institutions and other pharmaceutical companies to jointly develop and sell joint venture drug research. Based on Pfizer's sales capabilities, it helped other pharmaceutical companies gain greater benefits.</p><p><b>Pfizer's strong marketing network has created its keen sense of market smell. Without its own fist products, mergers and acquisitions have become the first choice for shortcuts.</b></p><p>In the late 1990s, Pfizer set its sights on the lipid-lowering drug Lipitor, firmly convinced that it could make it better. The company spent $1.838 billion to terminate the merger of its research and development company Warner Lambert and American Household Products Company. In 2000, it spent $90 billion to acquire Warner Lambert.</p><p>Although the price is high, Lipitor turned out to be the catalyst for Pfizer to reach the top of the pharmaceutical industry world.</p><p>Relying on strong channel control, Pfizer persuaded the FDA to agree to list the results of the comparative experiment between Lipitor and Mejiangzhi (a lipid-lowering drug produced by Merck in 1987) in Lipitor's instructions. The obvious comparison of drug efficacy is very convincing.</p><p>In order to carry out a \"saturation attack\" on doctors, Pfizer appointed two teams to promote Lipitor. On the one hand, it used internal horse racing to improve combat effectiveness, and on the other hand, it increased the frequency of contact between doctors and drugs.</p><p>In 1999, Lipitor's revenue reached US $3.795 billion, and in 2001 it was increased to US $6.449 billion, making it the world's best-selling prescription drug. In 2004, its sales reached 10.862 billion US dollars, becoming the first product in the world with a single sales exceeding 10 billion.</p><p>Lipitor, a drug, contributed 20% of Pfizer's revenue, helping the company become the first pharmaceutical company in the United States and the second largest pharmaceutical company in the world.</p><p><b>Entering the 21st century, Pfizer, which seems to be sailing smoothly, is facing many severe challenges, with a lack of research and development, and the company's revenue is going from bad to worse.</b>From 2004 to 2008, its revenue was US $52.516 billion, US $51.298 billion, US $48.37 billion, US $48.42 billion, and US $48.296 billion, respectively.</p><p>To make matters worse, the patent of Lipitor, the \"cash cow\", will expire in March 2010, when the drug's revenue may drop sharply by 40%. The new drug Torchep, which tried to succeed it, died before it came out because of the higher-than-expected mortality rate. Without internal growth capabilities, we can only continue to rely on external mergers and acquisitions.</p><p>Former rival Wyeth entered its field of vision. In 2008, Wyeth's antidepressant drug Enos and gastrointestinal drug pantoprazole had sales of US $3.9 billion and US $2.7 billion respectively. The world's highest-selling vaccine \"Peier\" and prescription drug \"Enli\" were also its products. It has 64 drugs under development, 18 drugs in clinical phase III and registration stages, 6 vaccines under development and 27 biological products.</p><p>In 2009, Pfizer spent US $68 billion to acquire Wyeth, becoming the world's number one pharmaceutical company. At that time, the sales of Pfizer and Wyeth were US $48.3 billion and US $23 billion respectively. After the merger, Pfizer transformed from a chemical drug giant to a giant in the biopharmaceutical field, finally making up for the homework that had fallen behind for nearly 20 years, and also laid the foundation for Pfizer's success in COVID-19 vaccine.</p><p><img src=\"https://static.tigerbbs.com/6e1f8533c352f84b945296d27927765b\" tg-width=\"891\" tg-height=\"605\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/16b199eea87211d4f5ca4b9c4e98c91e\" tg-width=\"836\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In 2019, COVID-19 pandemic broke out. On November 9, 2020, Pfizer released the first results of COVID-19 vaccine, showing that its effectiveness exceeded 90%. In 2021, its Comirnaty vaccine will produce more than 3 billion doses, with sales of 36.9 billion US dollars, making it the fastest-selling drug in pharmaceutical history.</p><p>In 2021, Pfizer's total sales reached US $81.3 billion, an increase of 95% from the previous year, topping the sales throne. Its research and development expenses are as high as US $13.8 billion (accounting for 17.01% of revenue).</p><p>In the first half of 2022, Pfizer will continue to make rapid progress, with total revenue of US $53.4 billion, a year-on-year increase of 60%; The net profit was US $17.769 billion, a year-on-year increase of 70%, of which the vaccine Comirnaty and the new crown oral drug Paxlovid contributed a lot.</p><p>In 2022, COVID-19 vaccine's sales will begin to decline. Its third-quarter revenue will be US $22.638 billion (net profit of US $8.608 billion), a year-on-year decrease of 6%, but its performance still exceeds Wall Street expectations. Foreign analysts predict that Pfizer's revenue in 2022 may reach US $101.3 billion.</p><p><b>As the world's largest pharmaceutical company, Pfizer's glory is unmatched, but it has also been criticized by many netizens.</b></p><p>In 2009, Pfizer was fined $2.3 billion for marketing excessively exaggerated the scope of application of drugs. The U.S. Department of Justice called it a recidivist in this respect.</p><p>Some foreign netizens pointed out that their interest groups control the American medical industry, monopolize supply, raise the industry threshold, control the research direction through research funds, and control doctors by economic means, thus monopolizing channels to make profits. Some dark transactions between it and doctors and officials are also hated by netizens.</p><p>In view of the allegations made by netizens at home and abroad, Paxlovid, a \"new crown specific drug\" with a course of treatment of up to US $529 (about 3,378 yuan), caused criticism from many netizens when it entered Shanghai Medical Insurance. Although Chinese netizens' accusations of smearing traditional Chinese medicine and corruption are true and false, the market's reaction deserves Pfizer's careful consideration. If an enterprise has a very negative image in the eyes of the public, it is difficult to maintain its giant throne for a long time.</p><p></body></html></p>","source":"lsy1571105524917","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 the 174-year-old Pfizer become the world's largest pharmaceutical company?</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 the 174-year-old Pfizer become the world's largest pharmaceutical company?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">砺石商业评论</strong><span class=\"h-time small\">2022-12-27 09:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>From a chemical factory to \"the largest pharmaceutical company in the universe\" and \"the biggest winner of the new crown\", for more than 100 years<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>It has always been a trendsetter in the industry. Pfizer, nicknamed \"the largest pharmaceutical company in the universe\", has always been among the best in the global pharmaceutical field. Anthelmintic sugar, penicillin, oxytetracycline, Viagra... these important items in human life are all made by it.</p><p>It created the world's first super single product with an annual revenue of over 10 billion US dollars-the antihypertensive drug Lipitor, but in terms of its ability to attract money, COVID-19 vaccine, which has become popular in the past two years, is the new favorite.</p><p>Its COVID-19 vaccine Comirnaty will have sales of US $36.9 billion in 2021, making it the fastest-selling drug in the history of human pharmaceuticals.</p><p>With the blessing of COVID-19 vaccine and the new crown specific drugs, Pfizer will return to the number one position of global pharmaceutical companies in 2021, attracting money like crazy. As a \"new crown winner\", Pfizer is popular enough, but it is also very controversial.</p><p><b>1. Leave the family</b></p><p>In 1848, a pair of German cousins, with $2,500 and a yearning for free adventure, came to the United States and started their \"gold rush dream\".</p><p>Cousin Charles Erhardt learned the craft of making candy from his uncle. Cousin Charles Pfizer asked his father for start-up capital, his apprenticeship as a pharmacist, and some knowledge of chemistry. After researching the market, they thought it was a good opportunity to manufacture specialty chemicals that were not produced in the United States at that time.</p><p>At that time, the western United States was rich in resources, but the sanitary conditions and eating habits were poor, and many people suffered from ascariasis. However, the unswallowable taste of the anthelmintic medicine santonin makes patients very painful. The two began to solve this pain point, and they covered the bitter taste of Shandao Nian with sweetness, and Pagoda Candy came out.</p><p><img src=\"https://static.tigerbbs.com/b41fe3f1eea01d54823e9d7cf631e016\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>This medicine sold very well as soon as it came out, and the two brothers dug up the first pot of gold in their lives.<b>After winning the first battle, they embarked on the journey of chemical production.</b></p><p>In 1861, the American Civil War began, and the demand for painkillers, antidotes and preservatives increased day by day. Pfizer's company has achieved unprecedented development by supplying items to the northern army. In 1868, the company moved to Manhattan's Wall Street district to accommodate its growing size.</p><p>In 1876, at the first Philadelphia World's Fair in the United States, Pfizer was awarded the highest honor award of the fair. He shone as brightly as Bell and Edison, who invented the telephone.</p><p>In 1900, at the age of 76, Pfizer was somewhat overwhelmed. His three sons showed no interest in running the company, but he handed it over to his eldest son anyway. Unexpectedly, the eldest son, who loves hunting and horse racing, lost $2 million because of the failed real estate investment in just two years in charge of the company.</p><p><b>Pfizer recognizes the reality: relying solely on family management, the company has only one dead end.</b></p><p>After careful search, a middle-aged man named John Anderson came into his sight. In 1871, at the age of 16, Anderson was responsible for sweeping the floor and fetching water in the company. Two years later, he was diligent and studious and became a salesman at Pfizer. In 1882, with outstanding business ability, he became the head of Pfizer's only office outside new york-Chicago office.</p><p>In 1905, Pfizer replaced its eldest son as chairman with its youngest son, Emil Pfizer, and then appointed Anderson as CEO of the company, giving him 1% of the company's shares (33% for each of the three sons) and 25% of the company's profits as reward. After making this decision, Pfizer died.</p><p><b>In 1910, at Anderson's proposal, he shared the shares equally with Pfizer's three sons and got 25% of the shares. His role in turning the tide for the company was highlighted with the outbreak of World War I.</b></p><p>At that time, Pfizer made profits by supplying citric acid to the food and beverage, pharmaceutical and textile industries. At that time, the lemons used to produce citric acid mainly came from Italy, but after the outbreak of World War I, the naval blockade and the cartel agreement (monopoly alliance) of Italian lemon growers greatly restricted Pfizer's raw material supply.</p><p>Fortunately, Anderson has long realized the disadvantages of relying too much on imported raw materials.</p><p>Before World War I, the laboratory he established developed a method of producing citric acid by a new fermentation process of brown bread mold. When the raw materials were in an emergency in World War I, he decisively replaced all the equipment in the factory and switched to a new process for production.</p><p>In 1923, Pfizer completely got rid of the restrictions of European citrus growers and became the largest citric acid manufacturer in the United States. In 1929, it monopolized almost all citric acid production on the market, with a scale of tens of millions of pounds.</p><p>January 1929, the new<a href=\"https://laohu8.com/S/41O.SI\">Virtuous</a>William Erhardt succeeded Anderson as chairman, Emil Pfizer as general manager, and Anderson's son, Anderson Jr., became deputy general manager. But soon Pfizer ushered in the post-war Great Depression like a volcanic eruption.</p><p>In 1931, the company's sales fell by 27% and net income by 58%, and soon payroll payment became a problem. In order to tide over the difficulties, Emil Pfizer donated a huge sum of $250,000 out of his own pocket to keep all the production teams.</p><p>Since then, Pfizer has saved millions of dollars by replacing sucrose with molasses to produce citric acid, and has successfully survived the Great Depression by mass-producing gluconic acid. In 1936, Pfizer became the world's leading fermentation chemical company, and began mass production of vitamin C on a large scale based on its technical experience in the production of gluconic acid and citric acid.</p><p>In July 1940, Erhardt died as chairman. The following year, Anderson Jr. became president and chairman, and he ushered in a new era for Pfizer.</p><p>After taking over, he convinced the board of directors to allow Pfizer employees to buy company stock. On June 22, 1942, with the successful listing of Pfizer,<b>Anderson Jr. completed the transformation of Pfizer from a family business to a public company.</b></p><p>In the autumn of 1942, Pfizer, at the call of the U.S. government, cooperated with Merck,<a href=\"https://laohu8.com/S/BMY\">Bristol-Myers Squibb</a>Waiting for the company to study mass production of penicillin together, Pfizer has invested for more than a year, but there is still no progress. The company's researchers who have developed citric acid put forward the idea of \"deep tank fermentation\" to produce citric acid.</p><p>However, the investment in fermentation equipment was huge, and the company was temporarily worried. In order to achieve mass production quickly, all employees actually put their millions of dollars worth of Pfizer shares, bought an idle ice factory near the company, and produced penicillin at six times the estimated output.</p><p><img src=\"https://static.tigerbbs.com/28a7fdbab449a240c890ca8ae46a36c5\" tg-width=\"980\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/></p><p>In the Normandy D-Day World War I in 1944, the US military suffered huge casualties, and 90% of the penicillin used to rescue the wounded came from Pfizer. During World War II, Pfizer supplied more than half of the penicillin produced by the allied forces, and the yield and quality were unmatched.</p><p><b>2. R&D and sales</b></p><p>Although penicillin has made Pfizer famous all over the world and tasted the sweetness of pharmaceuticals, because there is no patent, many manufacturers have poured in, and their profits are getting lower and lower. In 1951, Pfizer successfully developed its own patented broad-spectrum antibiotic-oxytetracycline, which is effective against more than 50 diseases including pneumonia, opening a new era for Pfizer.</p><p><img src=\"https://static.tigerbbs.com/fabde17dbfacfad06f9f7f0cd8b246c2\" tg-width=\"426\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/></p><p>Arthur Sackler, a doctor who once pioneered the medical representative model, based on nearly ten years of physician public relations experience, told Pfizer's sales director: \"As long as you give me enough budget, I can make Pfizer's name known to all doctors.\" The company came up with an unprecedented budget, and an overwhelming advertising campaign began.</p><p>Arthur wants the doctor to be \"surrounded\" by oxytetracycline. He placed large color advertisements in medical journals, and stuffed an eight-page pamphlet of Pfizer Drug Spectrum in the Journal of the American Medical Association, which American doctors subscribe to.</p><p>He even hired copywriters, pretended to be patients all over the world, wrote thousands of postcards, and sent them to family doctors, pediatricians and surgeons all over the United States, claiming that \"oxytetracycline cured milk fever in Malta\" and \"oxytetracycline cured Australian fever\"...</p><p>Once the postcard was sent, Arthur had the salespeople start face-to-face marketing non-stop. Medical representatives visit almost all doctors who can prescribe drugs to ensure that they all receive promotional materials. This operation, coupled with the efficacy of the drug itself, allowed the sales of oxytetracycline to reach 45 million dollars in 1952, and its business expanded to 13 countries.</p><p>This battle is crucial to Pfizer. After the success of oxytetracycline, the name of the company Pfizer was completely determined. The company began to take root in the pharmaceutical field and firmly established the importance of research and development.</p><p>In 1960, they established the world's largest Groton Laboratory in Connecticut, USA, and gathered up to 4,000 R&D personnel. It became the key to Pfizer's growth in the second half of the twentieth century. Piroxicam, an anti-inflammatory drug in 1982, and nifedipine, a coronary heart disease and angina pectoris drug in 1989, were all developed by this laboratory.</p><p><b>Pfizer, which pioneered modern pharmaceutical advertising, has brought its pharmaceutical marketing and channel power to the extreme. It firmly believes that \"research and development is as important as promoting patients' access to drugs.\"</b></p><p>The company's unprecedentedly powerful global medical representatives have gradually grown to more than 10,000 people. They go deep into hospitals and communities, face customers directly, sell drugs and obtain patient information. These channels not only continuously send out Pfizer's drugs, but also form channel barriers that other brands are difficult to overcome.</p><p>Almost all tertiary and secondary hospitals have Pfizer sales staff, who promote products through various academic conferences, forums, presentations, community meetings, lectures by famous doctors, media promotions and other \"multi-channel medical communication\".</p><p><b>\"Appropriate R&D + first-class marketing = the right to speak in the international pharmaceutical field\" has become Pfizer's killer in the battlefield.</b></p><p>In the 1960s, although Pfizer established a laboratory in pharmaceutical research and development, there was a long bottleneck period in new drug research and development. The company's sales gradually decreased, coupled with government regulation, Pfizer began unrelated diversification in 1961-1964.</p><p>Pfizer has acquired 14 over-the-counter drugs and fast-moving consumer products companies, involving businesses including eye drops, soaps, skin care products, perfumes, and razors. But in the daily chemical channel, it has not accumulated<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>With the same channel capabilities, it becomes big but not strong after losing its main business.</p><p>To make matters worse, diversification has made it miss the opportunity to build R&D barriers for the next biotechnology era. Merck's hepatitis B vaccine,<a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The insulin project won a great victory precisely because it seized the forefront of the biotechnology revolution, but Pfizer missed it.</p><p>In the 1980s, Pfizer began to rationalize its assets, divest unrelated businesses, return to the pharmaceutical standard, and expand its business to almost all countries in the world through mergers and acquisitions. But the medical peak it once climbed has become more and more steep. The fruit that can be picked on the tree of research and development has almost disappeared.</p><p><b>Mergers and acquisitions</b></p><p>Since the 1980s, the internal and external environment of pharmaceuticals has changed dramatically, and the risks and difficulties of research and development have soared.</p><p>The complexity of human diseases has increased the cost and cycle of new drug development, but it is difficult for products to be put on the market. The research and development cycle of new drugs is generally 10-15 years, and the cost has risen from 138 million US dollars in 1975 to 802 million US dollars in 2000, and continues to soar. However, new drugs that can be approved by the FDA continue to set record lows.</p><p>Even if it is successfully launched, on average, only 3 of the 10 new drugs on the market can recover the research and development cost. The patent policy of the United States has shortened the valid patent time of new prescription drugs, and drug pricing has become stricter under the pressure of medical costs, further reducing profit margins.</p><p>Pfizer can't escape bad luck. Since the 1990s, although it has invested billions of dollars in research and development, except for the antihypertensive drug Luohuoxi and the antidepressant Yulefu, there have been no super blockbuster drugs. In 1994, Pfizer ranked sixth in pharmaceuticals in the United States, behind Herchester and Bayer in Germany, Glaxo in the United Kingdom and Roche in Switzerland.</p><p><img src=\"https://static.tigerbbs.com/a6427e8e241348a8b7712b48103a76b7\" tg-width=\"1080\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>But it still hasn't stopped research and development. In 1998, Viagra (Viagra) went on the market, and this little blue pill achieved unprecedented success. According to statistics, all over the world, 4 Viagra pills are taken by patients every second. The success of Viagra has accumulated huge wealth for it, which has become its confidence in fighting on the battlefield since then.</p><p><b>At the same time, Pfizer chose to use its sales advantages to make up for R&D risks.</b>In the early 1990s, the antibiotic Zithromax it launched was developed by the Croatian company Sour Pliva in 1988. Sour Pliva transferred the global production and market development rights of the drug to Pfizer. Because Pfizer's almost unrivaled sales ability can even make products catch up from behind.</p><p>Pfizer has developed strategic collaborations with more than 150 companies. In 1997, it established more than 20 alliances with research institutions and other pharmaceutical companies to jointly develop and sell joint venture drug research. Based on Pfizer's sales capabilities, it helped other pharmaceutical companies gain greater benefits.</p><p><b>Pfizer's strong marketing network has created its keen sense of market smell. Without its own fist products, mergers and acquisitions have become the first choice for shortcuts.</b></p><p>In the late 1990s, Pfizer set its sights on the lipid-lowering drug Lipitor, firmly convinced that it could make it better. The company spent $1.838 billion to terminate the merger of its research and development company Warner Lambert and American Household Products Company. In 2000, it spent $90 billion to acquire Warner Lambert.</p><p>Although the price is high, Lipitor turned out to be the catalyst for Pfizer to reach the top of the pharmaceutical industry world.</p><p>Relying on strong channel control, Pfizer persuaded the FDA to agree to list the results of the comparative experiment between Lipitor and Mejiangzhi (a lipid-lowering drug produced by Merck in 1987) in Lipitor's instructions. The obvious comparison of drug efficacy is very convincing.</p><p>In order to carry out a \"saturation attack\" on doctors, Pfizer appointed two teams to promote Lipitor. On the one hand, it used internal horse racing to improve combat effectiveness, and on the other hand, it increased the frequency of contact between doctors and drugs.</p><p>In 1999, Lipitor's revenue reached US $3.795 billion, and in 2001 it was increased to US $6.449 billion, making it the world's best-selling prescription drug. In 2004, its sales reached 10.862 billion US dollars, becoming the first product in the world with a single sales exceeding 10 billion.</p><p>Lipitor, a drug, contributed 20% of Pfizer's revenue, helping the company become the first pharmaceutical company in the United States and the second largest pharmaceutical company in the world.</p><p><b>Entering the 21st century, Pfizer, which seems to be sailing smoothly, is facing many severe challenges, with a lack of research and development, and the company's revenue is going from bad to worse.</b>From 2004 to 2008, its revenue was US $52.516 billion, US $51.298 billion, US $48.37 billion, US $48.42 billion, and US $48.296 billion, respectively.</p><p>To make matters worse, the patent of Lipitor, the \"cash cow\", will expire in March 2010, when the drug's revenue may drop sharply by 40%. The new drug Torchep, which tried to succeed it, died before it came out because of the higher-than-expected mortality rate. Without internal growth capabilities, we can only continue to rely on external mergers and acquisitions.</p><p>Former rival Wyeth entered its field of vision. In 2008, Wyeth's antidepressant drug Enos and gastrointestinal drug pantoprazole had sales of US $3.9 billion and US $2.7 billion respectively. The world's highest-selling vaccine \"Peier\" and prescription drug \"Enli\" were also its products. It has 64 drugs under development, 18 drugs in clinical phase III and registration stages, 6 vaccines under development and 27 biological products.</p><p>In 2009, Pfizer spent US $68 billion to acquire Wyeth, becoming the world's number one pharmaceutical company. At that time, the sales of Pfizer and Wyeth were US $48.3 billion and US $23 billion respectively. After the merger, Pfizer transformed from a chemical drug giant to a giant in the biopharmaceutical field, finally making up for the homework that had fallen behind for nearly 20 years, and also laid the foundation for Pfizer's success in COVID-19 vaccine.</p><p><img src=\"https://static.tigerbbs.com/6e1f8533c352f84b945296d27927765b\" tg-width=\"891\" tg-height=\"605\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/16b199eea87211d4f5ca4b9c4e98c91e\" tg-width=\"836\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In 2019, COVID-19 pandemic broke out. On November 9, 2020, Pfizer released the first results of COVID-19 vaccine, showing that its effectiveness exceeded 90%. In 2021, its Comirnaty vaccine will produce more than 3 billion doses, with sales of 36.9 billion US dollars, making it the fastest-selling drug in pharmaceutical history.</p><p>In 2021, Pfizer's total sales reached US $81.3 billion, an increase of 95% from the previous year, topping the sales throne. Its research and development expenses are as high as US $13.8 billion (accounting for 17.01% of revenue).</p><p>In the first half of 2022, Pfizer will continue to make rapid progress, with total revenue of US $53.4 billion, a year-on-year increase of 60%; The net profit was US $17.769 billion, a year-on-year increase of 70%, of which the vaccine Comirnaty and the new crown oral drug Paxlovid contributed a lot.</p><p>In 2022, COVID-19 vaccine's sales will begin to decline. Its third-quarter revenue will be US $22.638 billion (net profit of US $8.608 billion), a year-on-year decrease of 6%, but its performance still exceeds Wall Street expectations. Foreign analysts predict that Pfizer's revenue in 2022 may reach US $101.3 billion.</p><p><b>As the world's largest pharmaceutical company, Pfizer's glory is unmatched, but it has also been criticized by many netizens.</b></p><p>In 2009, Pfizer was fined $2.3 billion for marketing excessively exaggerated the scope of application of drugs. The U.S. Department of Justice called it a recidivist in this respect.</p><p>Some foreign netizens pointed out that their interest groups control the American medical industry, monopolize supply, raise the industry threshold, control the research direction through research funds, and control doctors by economic means, thus monopolizing channels to make profits. Some dark transactions between it and doctors and officials are also hated by netizens.</p><p>In view of the allegations made by netizens at home and abroad, Paxlovid, a \"new crown specific drug\" with a course of treatment of up to US $529 (about 3,378 yuan), caused criticism from many netizens when it entered Shanghai Medical Insurance. Although Chinese netizens' accusations of smearing traditional Chinese medicine and corruption are true and false, the market's reaction deserves Pfizer's careful consideration. If an enterprise has a very negative image in the eyes of the public, it is difficult to maintain its giant throne for a long time.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/OOeIQ-88_9uZNuLLmIJmtg\">砺石商业评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/53178e46980dbf8c136bb9ebbf7f539c","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://mp.weixin.qq.com/s/OOeIQ-88_9uZNuLLmIJmtg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142348871","content_text":"从化学工厂，到“宇宙第一大药厂”、“新冠最大赢家”，100多年来辉瑞一直是行业的弄潮儿。被戏称为“宇宙第一大药厂”的辉瑞，在全球医药领域一直名列前茅。驱虫塔糖、青霉素、土霉素、伟哥……这些在人类生活中，举足轻重的大单品都出自它之手。它缔造了世界上第一个年营收超百亿美金的超级单品——降压药立普妥，但论吸金能力，这两年走红的新冠疫苗才是新宠。其新冠疫苗Comirnaty，2021年销售额高达369亿美元，成为人类制药史上销售最快的药物。新冠疫苗、新冠特效药的加持，让辉瑞在2021年重回全球药企第一的位置，疯狂吸金。作为“新冠赢家”辉瑞足够红，但也红得很有争议。1、脱离家族1848年，一对德国表兄弟，揣着2500美金和对自由冒险的向往，来到了美国，开启了他们的“淘金梦”。表哥查尔斯·厄哈特跟叔叔学了做糖果的手艺。表弟查尔斯·辉瑞跟父亲要了启动资金，药剂师学徒的经历，还让他掌握了些化学知识。他们经过对市场的调查，认为制造当时美国不生产的特种化学品是个好机会。彼时美国西部资源充沛，但卫生条件和饮食习惯差，许多人饱受蛔虫病折磨。但驱虫药山道年（santonin）难以下咽的味道，让患者很痛苦。两人开始着手解决这个痛点，他们用甜味盖住了山道年的苦味，宝塔糖问世了。此药一出就非常畅销，两兄弟挖到了人生的第一桶金。首战告捷，他们踏上了化学品制作的征途。1861年，美国南北战争打响，止痛药、解毒剂、防腐剂的需求与日俱增。辉瑞的公司通过为北方军队提供物品，获得了空前的发展。1868年，公司迁到了曼哈顿华尔街区，以适应日益扩大的规模。1876年，在美国首届费城世界博览会上，辉瑞被授予博览会最高荣誉奖，他跟发明电话的贝尔及爱迪生一样熠熠生辉。1900年，76岁的辉瑞有些力不从心，他的三个儿子对经营公司毫无兴趣，但他还是把公司交给了大儿子。谁料爱好打猎、赛马的大儿子，执掌公司短短2年，就因为失败的房地产投资亏了200万美元。辉瑞认清了现实：单靠家族管理，公司只有死路一条。经过慎重的寻找，一个叫约翰·安德森的中年人进入了他的视线。1871年，16岁的安德森在公司负责扫地、打水。两年后，勤奋好学的他，成为了辉瑞公司的一名业务员。1882年，业务能力突出的他，成为了辉瑞公司在纽约之外唯一的办事处——芝加哥办事处的负责人。1905年，辉瑞用幼子埃米尔·辉瑞替换了长子做董事长，然后让安德森担任公司CEO，给予他1%的公司股权（3个儿子每人33%）和25%的公司利润分成作为酬劳。做完这个决定后，辉瑞便撒手人寰。1910年，在安德森的提议下，他与辉瑞的3个儿子平分股权，拿到了25%的股份。他对公司力挽狂澜的作用，随着一战的爆发凸显出来。彼时的辉瑞公司，通过供给食品饮料、制药和纺织业柠檬酸获利。当时生产柠檬酸的柠檬主要来自意大利，但一战爆发后，海上封锁和意大利柠檬种植商的卡特尔协议（垄断联盟），让辉瑞的原料供应受到了极大的限制。好在安德森早就意识到，过于依赖原料进口的弊端。一战前，他建立的实验室，研究出了以黑面包霉菌新型发酵工艺生产柠檬酸的方法。一战原料告急时，他果断更换了工厂所有设备，改用新工艺生产。1923年，辉瑞彻底摆脱了欧洲柑橘种植商的限制，成为美国最大的柠檬酸生产厂商。1929年，它几乎垄断了市面上所有的柠檬酸生产，规模高达千万磅。1929年1月，新任贤能威廉·厄哈特接任安德森成为董事长，埃米尔·辉瑞担任总经理，安德森的儿子小安德森成为副总经理。但很快辉瑞就迎来如火山爆发般的战后经济大萧条。1931年，公司的销售额下降了27%，净收入下降了58%，很快工资发放就成为问题。为了渡过难关，埃米尔·辉瑞自掏腰包，捐出了25万美元巨款，保住了所有生产队伍。此后辉瑞公司通过用磨柱石（molasses）替代蔗糖生产柠檬酸省下了数百万美元，还通过大规模量产葡萄糖酸，成功熬过了大萧条。1936年，辉瑞成为世界领先的发酵化学公司，在葡萄糖酸和柠檬酸生产的技术经验上，开始大规模量产维生素C。1940年7月，厄哈特逝于董事长任上。次年小安德森成为总裁兼董事长，他开启了辉瑞一个崭新的时代。继任后，他说服董事会允许辉瑞的员工购买公司股票。1942年6月22日，随着辉瑞成功上市，小安德森完成了辉瑞公司从家族企业向公众公司的转化。1942年秋，辉瑞应美国政府号召，与默克、施贵宝等公司一起研究量产青霉素，但辉瑞投入了一年多，依然没有进展。公司曾研发出柠檬酸的科研人员，提出了采用生产柠檬酸的“深罐发酵”思路。但发酵设备投入巨大，公司一时犯了愁。为了快速实现量产，全体员工竟押上自己持有的价值数百万美元的辉瑞股票，买下公司附近一座闲置的制冰厂，并以预计产量的6倍生产出了青霉素。1944年诺曼底登陆一战，美军伤亡巨大，抢救伤员的青霉素90%都来自辉瑞。二战期间，辉瑞提供了盟军一半以上的青霉素，且产量和质量无人能敌。2、研发与销售青霉素虽然让辉瑞名扬四海，尝到了制药的甜头，但由于没有专利，所以众多厂商涌进来后，利润越来越低。1951年，辉瑞成功研发了自有专利的广谱抗生素——土霉素，它对包括肺炎在内的50多种疾病都有效，为辉瑞开启了全新的时代。曾经开创了医药代表模式的医生亚瑟·萨克勒，本着近十年的医生公关经验，对辉瑞的销售总监说：“只要给我足够多的预算，我能让辉瑞的名字无医不知。”公司拿出了前所未有的预算，一场铺天盖地的广告攻势开始了。亚瑟要让医生被土霉素“包围”。他在医学杂志投放了大幅彩色广告，还在美国医生都会订阅的《美国医学会杂志》里，塞进了8页的《辉瑞药谱》小册子。他甚至雇佣文案写手，假装世界各地的患者，写了几千封明信片，寄给全美国的家庭医生、儿科医生、外科医生，声称“土霉素治好了马耳他的产乳热”、“土霉素治好了澳州寇热”……明信片寄出后，亚瑟就让销售人员马不停蹄地开始面对面营销。医药代表几乎遍访所有能开处方药的医生，确保他们都收到宣传材料。此番操作，再加上药物本身的疗效，让土霉素在1952年的销售额达到了4500万美元，业务扩展到了13个国家。这场战役，对辉瑞而言至关重要。土霉素成功后，辉瑞（Pfizer）这个公司名字，彻底确定下来。公司开始扎根于制药领域，并坚定了研发的重要性。1960年，他们在美国康涅狄格州建立了全球最大的格罗顿实验室，召集了高达4000名研发人员。它成为二十世纪下半叶，辉瑞做大的关键。1982年的抗炎药吡罗昔康，1989年的冠心病心绞痛药物硝苯地平，都是这个实验室研制的。开现代医药广告先河的辉瑞，将医药营销、渠道力发挥到了极致，它坚信“研发与促进患者获得药物一样重要”。公司空前强大的全球医药代表，逐渐增长到万人以上，他们深入医院、社区，直接面对客户，销售药品同时获得患者信息。这些渠道不但将辉瑞的药品，源源不断地送出去，还形成了其它品牌难以攻克的渠道壁垒。几乎所有的三级医院和二级医院都有辉瑞的销售人员，他们通过各种学术会议、论坛、宣讲会、社区会议、名医讲座、媒体宣传等等“多渠道医学沟通”推广产品。“适当研发+一流营销=国际制药领域话语权”，成了辉瑞征战沙场的杀手锏。60年代，在医药研发上辉瑞虽然建立了实验室，但新药研发存在较长时间的瓶颈期。公司的销售额逐渐降低，加上政府管制，辉瑞在1961-1964年，开始了非相关多元化。辉瑞收购了14家非处方药和日用快消产品企业，涉及业务包括滴眼液、肥皂、护肤品、香水、剃须刀。但在日化渠道，它并没有积累出强生一样的渠道能力，迷失主业的它变得大而不强。更糟糕的是，多元化让它错失了为下一个生物技术时代，构建研发壁垒的先机。默克的乙肝疫苗，礼来的胰岛素项目大获全胜，正是因为抓住了生物技术革命的风口，但辉瑞却与之失之交臂了。80年代，辉瑞开始资产合理化、剥离无关业务，回归制药本位，并通过并购把业务拓展到了全球几乎所有的国家。但它曾经攀爬的医药高峰，却变得越来越险峻。研发之树上伸手可摘的果子，几乎消失殆尽。3、并购80年代以来，制药的内外部环境急剧变化，研发的风险和难度飙升。人类疾病的复杂性，提高了新药研制的成本跟周期，但产品要上市却困难重重。新药研发周期一般在10-15年，费用从1975年的1.38亿美元上升至2000年8.02亿美元，且在继续飙升。但能获得FDA批准的新药不断刷新历史新低。即便成功上市，10个上市的新药，平均只有3个能收回研发成本。美国的专利政策让新处方药的有效专利时间变短，医疗成本压力下药品定价趋于严格，进一步压缩了利润空间。辉瑞也难逃厄运，90年代以来，虽然投资数十亿美元搞研发，但除了抗高血压药物络活喜、抗抑郁剂郁乐复外，并没有超级重磅药出现。1994年，辉瑞在全美制药排名第六，落后于德国的赫切斯特、拜耳、英国的葛兰素和瑞士的罗氏。但它依然没有停止研发。1998年，万艾可（伟哥）上市，这个蓝色小药丸获得空前成功。据统计，在全世界，每秒钟就有4粒伟哥被患者服用。伟哥的成功，为它积累了巨大财富，成为此后其征战沙场的底气。同时，辉瑞选择利用销售优势，弥补研发风险。90年代初，它推出的抗生素希舒美，是1988年由克罗地亚的Sour Pliva公司研发的。Sour Pliva将该药品的全球生产和市场开发权，转让给了辉瑞。因为辉瑞几乎无人能敌的销售能力，甚至能让产品后来居上。辉瑞与150多家公司发展了战略合作。1997年，它又与研究机构和其它制药公司建立20多个联盟，共同开发销售合资药物研究，以辉瑞的销售能力为基点，帮助其它药企获得更大利益。辉瑞雄厚的营销网络，缔造了它敏锐的市场嗅觉，自己没有拳头产品，并购就成了走捷径的首选。90年代后期，辉瑞盯上了降脂药立普妥，它坚信自己能让它更好。公司豪掷18.38亿美元，终止了其研发公司华纳·兰伯特和美国家用产品公司的合并。2000年，它斥资900亿美元，将华纳·兰伯特收入麾下。虽然价格高昂，但立普妥竟然成为辉瑞走到制药业世界之巅的催化剂。依靠强大的渠道控制力，辉瑞说服FDA同意其将立普妥与美降之（默克公司1987年生产的降脂药）的对比实验结果，列在立普妥的说明书里。显而易见的药效对比，极具说服力。为了对医生进行“饱和式攻击”，辉瑞任命了两支队伍推广立普妥，一方面用内部赛马提升战斗力，另一方面增加医生与药的接触频率。1999年，立普妥营收达到37.95亿美元，2001年又被提升到64.49亿美元，成为全球最畅销的处方药。2004年其销售额达到108.62亿美元，成为全球首个单只销售破百亿的产品。立普妥一个药品，贡献了辉瑞两成营收，帮助公司成为美国第一，世界第二的制药企业。进入21世纪，看似顺风顺水的辉瑞，却面临诸多严峻挑战，研发上青黄不接，公司营收每况愈下。2004-2008年，其营收分别为525.16亿美元、512.98亿美元、483.7亿美元、484.2亿美元、482.96亿美元。更糟糕的是，“摇钱树”立普妥的专利，2010年3月将到期，彼时该药营收可能会锐减四成。企图接替它的新药托彻普，由于死亡率高于预期，没问世就夭折了。没有内部生长能力，就只能继续靠外部并购。曾经的竞争对手惠氏进入了它的视野。2008年，惠氏公司的抗抑郁药物宜诺斯、肠胃病药物泮托拉唑，销售额分别为39亿美元和27亿美元，全球销量最高的疫苗“沛儿”、处方药“恩利”也是其产品。它有在研药品64个，临床三期和注册阶段的药品18个，在研疫苗6个和27个生物制品。2009年，辉瑞斥资680亿美元并购惠氏，成为全球第一的药企。彼时辉瑞和惠氏的销售额分别是483亿美元和230亿美元。并购后，辉瑞从化学药巨头转型为生物制药领域巨头，终于补上了落后了近20年的功课，也为此后辉瑞在新冠疫苗上的成功奠定了基础。2019年，新冠疫情暴发，2020年11月9日，辉瑞发布了新冠疫苗的首批结果，显示其有效性超过90%。2021年，其Comirnaty疫苗生产量超30亿剂，销售额高达369亿美元，成为制药史上销售最快的药物。2021年辉瑞总销售额达813亿美元，较前一年增长95%，登顶销售王座。其研发费用高达138亿美元（营收占比17.01%）。2022年上半年，辉瑞继续高歌猛进，总营收534亿美元，同比增长60%；净利润177.69亿美元，同比增长70%，其中疫苗Comirnaty、新冠口服药物Paxlovid功不可没。2022年，新冠疫苗销售额开始下降，其第三季度营收为226.38亿美元（净利润86.08亿美元），同比降低6%，但表现依然超出了华尔街的预期。国外分析师预测，辉瑞2022年的营收可能达到1013亿美元。作为全球最大的药企，辉瑞的荣耀无人能及，但它同样遭到了很多网友的口诛笔伐。2009年，辉瑞因为营销过度夸大药品适用范围判罚23亿美元，美国司法部称它在这方面是惯犯。还有国外网友指出，其利益集团控制美国医疗行业，通过垄断供应、抬高行业门槛，通过研究基金控制研究方向，并用经济手段控制医生，从而垄断渠道攫取利润。它与医生、官员之间的一些黑暗交易，也被网友们深恶痛绝。鉴于国内外网友的指控，其一个疗程高达529美元（约3378元人民币）的“新冠特效药”Paxlovid进入上海医保的时候，引起很多网友的批评。中国网友对其抹黑中药、腐败等指责虽然真假莫辨，但市场的反应值得辉瑞细细掂量。如果一个企业在大众心目中形象非常负面时，它的巨头宝座很难长久维持。","news_type":1,"symbols_score_info":{"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":626508719,"gmtCreate":1674364538235,"gmtModify":1676538938388,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","listText":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","text":"Wood said that stocks she has been bought would raise higher and higher for a long time。but according to the laws of physics，the wood only can be burned for a short times。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626508719","repostId":"2305992479","repostType":4,"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622990288,"gmtCreate":1675085590246,"gmtModify":1676538975180,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"So high price is necessory for&nbsp;industry success？","listText":"So high price is necessory for&nbsp;industry success？","text":"So high price is necessory for industry success？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622990288","repostId":"1192801319","repostType":4,"repost":{"id":"1192801319","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":1675084895,"share":"https://ttm.financial/m/news/1192801319?lang=en_US&edition=fundamental","pubTime":"2023-01-30 21:21","market":"us","language":"zh","title":"Ideal L5 model announced for the first time: not an SUV, the price remains above 200,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1192801319","media":"老虎资讯综合","summary":"1月30日讯，理想汽车CEO李想在社交媒体发文表示，全尺寸的理想L9会坚守40-50万的价格区间，中大型的理想L8和理想L7会坚守30-40万的价格区间，中型的理想L6和理想L5（非SUV形态）会坚守","content":"<p><html><head></head><body>On January 30, Li Auto CEO Li Xiang posted on social media that the full-size Ideal L9 will stick to the price range of 400,000-500,000, the medium and large Ideal L8 and Ideal L7 will stick to the price range of 300,000-400,000, and the medium-sized Ideal L6 and Ideal L5 (non-SUV form) will stick to the price range of 200,000-300,000. There will be no models within 200,000 yuan, and the price ranges of the three (full-size, medium-large, medium-sized) size models will be strictly observed.</p><p><img src=\"https://static.tigerbbs.com/2ca153ce34096aaf27bd6ea4bd52b9e3\" tg-width=\"509\" tg-height=\"167\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ideal L5 model announced for the first time: not an SUV, the price remains above 200,000</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\">\nIdeal L5 model announced for the first time: not an SUV, the price remains above 200,000\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\">2023-01-30 21:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 30, Li Auto CEO Li Xiang posted on social media that the full-size Ideal L9 will stick to the price range of 400,000-500,000, the medium and large Ideal L8 and Ideal L7 will stick to the price range of 300,000-400,000, and the medium-sized Ideal L6 and Ideal L5 (non-SUV form) will stick to the price range of 200,000-300,000. There will be no models within 200,000 yuan, and the price ranges of the three (full-size, medium-large, medium-sized) size models will be strictly observed.</p><p><img src=\"https://static.tigerbbs.com/2ca153ce34096aaf27bd6ea4bd52b9e3\" tg-width=\"509\" tg-height=\"167\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2cd608dea059f96a8bee52aea078452e","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192801319","content_text":"1月30日讯，理想汽车CEO李想在社交媒体发文表示，全尺寸的理想L9会坚守40-50万的价格区间，中大型的理想L8和理想L7会坚守30-40万的价格区间，中型的理想L6和理想L5（非SUV形态）会坚守20-30万的价格区间。不会有20万以内的车型，三种（全尺寸、中大型、中型）尺寸级别车型的价格区间也都会严格遵守。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":628874801,"gmtCreate":1673073983904,"gmtModify":1676538784440,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"party go&nbsp;forward","listText":"party go&nbsp;forward","text":"party go forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/628874801","repostId":"2301039786","repostType":4,"repost":{"id":"2301039786","kind":"highlight","pubTimestamp":1673066332,"share":"https://ttm.financial/m/news/2301039786?lang=en_US&edition=fundamental","pubTime":"2023-01-07 12:38","market":"hk","language":"zh","title":"Viewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2301039786","media":"贝壳财经","summary":"相关阅读：解读 | 蚂蚁集团再现大动作，马云退出实控人位置！1月7日，《蚂蚁集团关于持续完善公司治理的公告》对外发布。这一《公告》的核心内容在于，蚂蚁集团主要股东及相关受益人拟对蚂蚁集团股东上层结构进","content":"<p><div>Related reading: Interpretation | Ant Group makes a big move again, and Jack Ma withdraws from the position of actual controller! On January 7, the \"Ant Group's Announcement on Continuous Improvement of Corporate Governance\" was released. The core content of this \"Announcement\" is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of this adjustment is the change in the voting rights of the major shareholders of Ant Group, from Jack Ma and his concerted actions People jointly exercise share voting rights, and 10 natural persons including Ant Group management, employee representatives and founder Jack Ma independently exercise share voting rights. After this adjustment is completed,...</p><p><a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">Web link</a></div></p>","source":"lsy1596160878356","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>Viewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%</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\">\nViewpoint | Jack Ma is no longer the actual controller of Ant Group, and his voting rights have been reduced from 53.46% to 6.2%\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">贝壳财经</strong><span class=\"h-time small\">2023-01-07 12:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Related reading: Interpretation | Ant Group makes a big move again, and Jack Ma withdraws from the position of actual controller! On January 7, the \"Ant Group's Announcement on Continuous Improvement of Corporate Governance\" was released. The core content of this \"Announcement\" is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of this adjustment is the change in the voting rights of the major shareholders of Ant Group, from Jack Ma and his concerted actions People jointly exercise share voting rights, and 10 natural persons including Ant Group management, employee representatives and founder Jack Ma independently exercise share voting rights. After this adjustment is completed,...</p><p><a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ\">贝壳财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/71ccb69503492bd4c5be415f2c88879c","relate_stocks":{"LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0173614495.USD":"富达中国焦点A","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0228659784.USD":"施罗德金砖四国基金","BK4575":"芯片概念","BK4558":"双十一","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","BABA":"阿里巴巴","BK1586":"云计算","LU1688375341.USD":"贝莱德中国灵活股票基金","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","09988":"阿里巴巴-W","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4548":"巴美列捷福持仓","BK1142":"互联网与直销零售","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","BK1588":"回港中概股","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","BK4524":"宅经济概念","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4581":"高盛持仓","BK1584":"蚂蚁金服概念","BK4531":"中概回港概念","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0048580855.USD":"富达大中华区A","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓"},"source_url":"https://mp.weixin.qq.com/s/0VEjmFi-sCBljtgeygTsNQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301039786","content_text":"相关阅读：解读 | 蚂蚁集团再现大动作，马云退出实控人位置！1月7日，《蚂蚁集团关于持续完善公司治理的公告》对外发布。这一《公告》的核心内容在于，蚂蚁集团主要股东及相关受益人拟对蚂蚁集团股东上层结构进行调整，本次调整的核心是蚂蚁集团主要股东投票权的变化，从马云及其一致行动人共同行使股份表决权，到包括蚂蚁集团管理层、员工代表和创始人马云在内的10名自然人分别独立行使股份表决权。本次调整完成后，蚂蚁集团包括杭州君瀚和杭州君澳在内的各主要股东彼此独立行使所持有的蚂蚁集团股份表决权且无一致行动关系，各股东未单独或共同在蚂蚁集团股东大会层面形成控制，也不存在任何股东所提名的董事人数超过全体董事半数的情形。因此，不再存在任何直接或间接股东单一或共同控制蚂蚁集团的情形。推动股东投票权与经济利益更相匹配。01、蚂蚁集团股东上层结构调整，股东投票权与经济利益更匹配具体如何调整？本次调整前蚂蚁集团的股权结构如上所示，马云、井贤栋等4人在杭州云铂投资咨询有限公司（以下简称：云铂投资）层面构成一致行动人，并通过云铂投资旗下的两家有限合伙公司总计持有蚂蚁集团53.46%的股权。此次调整主要包括四方面：第一，马云、井贤栋、胡晓明及蒋芳终止在云铂投资层面的一致行动关系；第二，井贤栋、邵晓锋、倪行军、赵颖、吴敏芝将通过股权转让分别持有云铂投资20%的股权；第三，云铂投资从杭州君瀚退伙，杭州星滔企业管理咨询有限公司（以下简称“杭州星滔”）入伙杭州君瀚，并担任杭州君瀚的普通合伙人暨执行事务合伙人，杭州星滔由马云、韩歆毅、张彧、黄辰立、周芸分别持有20%的股权；第四，本次调整完成后的云铂投资及杭州星滔的全体股东承诺独立行使其在云铂投资或杭州星滔中包括表决权在内的各项股东权利，不与任何其他方达成任何形式的一致行动安排，且不单独或与任何其他方共同谋求对于蚂蚁集团的控制权。简而言之，调整后蚂蚁集团各主要股东彼此独立行使股份表决权且无一致行动关系，不再存在任何直接或间接股东单一或共同控制蚂蚁集团的情形，马云在蚂蚁集团的经济利益没有变化，对蚂蚁集团的投票权将与他作为杭州君瀚的自然人股东、在蚂蚁集团享有的经济利益相匹配。此外，调整后的蚂蚁集团股东及持股比例并未变化，股东及受益人的经济利益不受影响，股份表决权也更透明、分散。蚂蚁集团公告表示，这是对公司治理结构的进一步优化，将对公司的持续稳健发展起到促进作用。02、蚂蚁集团计划引入第五名独董，推动公司治理完善实际上，自2021年以来，蚂蚁集团在公司治理层面有一系列动作。如2022年中，蚂蚁集团新聘了杨小蕾、史美伦担任独立董事，并将股东代表董事从3位减少到2位。经过调整，蚂蚁集团董事会呈现“2+2+4”结构：2名执行董事，分别为井贤栋（董事长）、倪行军；2名非执行董事/股东代表董事，分别为蔡崇信、程立；4名独立董事，分别为郝荃、黄益平、杨小蕾、史美伦。也就是说，目前董事会八名董事中已有四名独立董事，达到半数，上述《公告》称，在此基础上，蚂蚁集团还计划继续引入第五名独立董事，实现董事会中独立董事过半数。蚂蚁集团方面表示，近期在董事会、股东层面的一系列提升举措，进一步完善了公司治理体系，公司将继续坚守“以数助实”定位，坚定落实可持续发展战略，不断提升公司治理水平。随着治理水平不断提升，蚂蚁集团的业务也在稳步发展，官网信息显示，近两年来，蚂蚁集团将可持续发展和服务实体经济作为工作重心，在数字普惠、绿色低碳、科技创新和开放生态上持续投入：支付宝已为小微商家降低经营成本超百亿元；蚂蚁数科携手合作伙伴推出80多个行业数字化解决方案，在金融、新能源、版权科技、跨境贸易等领域服务近万家企业；蚂蚁发起成立的网商银行，累计服务的小微经营者数量超过4900万。","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625762636,"gmtCreate":1676863290827,"gmtModify":1676863290827,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Buy stock against Goldman Sachs😄","listText":"Buy stock against Goldman Sachs😄","text":"Buy stock against Goldman Sachs😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625762636","repostId":"1170663535","repostType":4,"repost":{"id":"1170663535","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1676858023,"share":"https://ttm.financial/m/news/1170663535?lang=en_US&edition=fundamental","pubTime":"2023-02-20 09:53","market":"sh","language":"zh","title":"Goldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1170663535","media":"华尔街见闻","summary":"中国股市自1月下旬以来的下跌势头即将出现逆转。","content":"<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives a sharp increase in corporate earnings, the downward trend of China's stock market since late January is about to reverse, and there is still room for growth of 24% before the end of the year. Goldman Sachs believes that China's stock market still has room for 24% growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategist Kinger Lau and others said in the latest report that the MSCI China Index is likely to reach 85 points by the end of 2023, an increase of about 24% from the current level. The downward trend of Chinese stocks since late January is about to reverse.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the driver of potential earnings may shift from multiple expansions to earnings growth or cashout. Growth drivers should lean primarily towards the consumer economy, with services still operating significantly below pre-pandemic levels in 2019, they added.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's average economic growth rate in the four quarters of 2023 is expected to be 6.5%, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that<b>The accelerated recovery of China's economy will also boost global economic growth. By the end of 2023, driven by the accelerated recovery of China's economy and the recovery of domestic demand, the global economy will grow by 1 percentage point more.</b></p><p>Goldman Sachs pointed out in the report that China's economy will have a direct positive impact on global economic growth through three channels: domestic demand, international travel demand and commodity demand. It is estimated that China's domestic demand will increase by 5% this year, driving the GDP growth rate of some Asia-Pacific economies to increase by about 0.4 percentage points; The gradual recovery of China's foreign service demand, especially outbound tourism, will boost the economy of destination countries; In addition, the accelerated recovery of China's economy may boost international commodity demand and prices. China's oil demand may rise by 1 million barrels per day, or the price of Brent oil may rise by about $15 per barrel.</p><p>In addition to Goldman Sachs, many foreign institutions have previously been optimistic about China's growth prospects.</p><p>Earlier this month, Fitch Ratings said in a revised forecast that China's economy would grow by 5% in 2023, much higher than the 4.1% forecast in December. Fitch's Brian Coulton research team believes: \"(China's) rapid rebound from the impact of the new crown means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch noted that the upward forecast is based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" in addition to China's latest PMI data showing further growth.</p><p>The data shows that since November 7, 2022, northbound funds have net inflows into A shares for 13 consecutive weeks. January 16 to January 20, 2023 was the week with the largest net inflow of A shares, reaching 48.513 billion yuan. Judging from monthly data, since February, the net inflow of northbound funds into A shares has been 8.354 billion yuan, while the net inflow in January reached 141.29 billion yuan. This can be said to be the best proof that foreign investors are optimistic about China.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is not afraid of China's stock index is predicted to rise by 24% this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-02-20 09:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Goldman Sachs predicts that as China's economic recovery drives a sharp increase in corporate earnings, the downward trend of China's stock market since late January is about to reverse, and there is still room for growth of 24% before the end of the year. Goldman Sachs believes that China's stock market still has room for 24% growth before the end of the year.</p><p>On Monday local time, Goldman Sachs strategist Kinger Lau and others said in the latest report that the MSCI China Index is likely to reach 85 points by the end of 2023, an increase of about 24% from the current level. The downward trend of Chinese stocks since late January is about to reverse.</p><p>The strategists wrote:</p><p>The main theme of the (Chinese) stock market will gradually shift from reopening to recovery, and the driver of potential earnings may shift from multiple expansions to earnings growth or cashout. Growth drivers should lean primarily towards the consumer economy, with services still operating significantly below pre-pandemic levels in 2019, they added.</p><p>On February 10, Goldman Sachs economists Joseph Briggs and Devesh Kodnani raised their forecasts for China's economic growth in their latest report.<b>China's average economic growth rate in the four quarters of 2023 is expected to be 6.5%, significantly higher than the 5.5% forecast at the end of November last year.</b></p><p>Goldman Sachs also believes that<b>The accelerated recovery of China's economy will also boost global economic growth. By the end of 2023, driven by the accelerated recovery of China's economy and the recovery of domestic demand, the global economy will grow by 1 percentage point more.</b></p><p>Goldman Sachs pointed out in the report that China's economy will have a direct positive impact on global economic growth through three channels: domestic demand, international travel demand and commodity demand. It is estimated that China's domestic demand will increase by 5% this year, driving the GDP growth rate of some Asia-Pacific economies to increase by about 0.4 percentage points; The gradual recovery of China's foreign service demand, especially outbound tourism, will boost the economy of destination countries; In addition, the accelerated recovery of China's economy may boost international commodity demand and prices. China's oil demand may rise by 1 million barrels per day, or the price of Brent oil may rise by about $15 per barrel.</p><p>In addition to Goldman Sachs, many foreign institutions have previously been optimistic about China's growth prospects.</p><p>Earlier this month, Fitch Ratings said in a revised forecast that China's economy would grow by 5% in 2023, much higher than the 4.1% forecast in December. Fitch's Brian Coulton research team believes: \"(China's) rapid rebound from the impact of the new crown means that economic activity in the first half of 2023 will be stronger than we predicted.\"</p><p>Fitch noted that the upward forecast is based on \"evidence that consumption and economic activity are recovering faster than initially expected,\" in addition to China's latest PMI data showing further growth.</p><p>The data shows that since November 7, 2022, northbound funds have net inflows into A shares for 13 consecutive weeks. January 16 to January 20, 2023 was the week with the largest net inflow of A shares, reaching 48.513 billion yuan. Judging from monthly data, since February, the net inflow of northbound funds into A shares has been 8.354 billion yuan, while the net inflow in January reached 141.29 billion yuan. This can be said to be the best proof that foreign investors are optimistic about China.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fb2ed00ac5de2097917e40947bc4a36a","relate_stocks":{"HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170663535","content_text":"高盛预计，随着中国经济复苏推动企业盈利大幅增长，中国股市自1月下旬以来的下跌势头即将出现逆转，在年底前还有24%的增长空间。高盛认为中国股市在年底前还有24%的增长空间。当地时间周一，高盛策略师 Kinger Lau 等在最新报告中表示，MSCI中国指数有可能在2023年底前达到85点，较当前水平再上涨约24%。中国股市自1月下旬以来的下跌势头即将出现逆转。策略师们写道：（中国）股市的主要主题将逐渐从重新开放转向复苏，潜在收益的驱动力可能从多重扩张转向盈利增长或兑现。他们补充称，增长动力应主要倾向于消费经济，服务业的运行仍明显低于2019年疫情前的水平。在2月10日，高盛经济学家 Joseph Briggs 和 Devesh Kodnani 就在最新报告中上调了中国经济增速预期，预计2023年中国四个季度经济平均增速6.5%，显著高于去年11月底预测的5.5%。高盛还认为，中国经济加快恢复还将提振全球经济增长。到2023年年底，在中国经济加快恢复与内需复苏的推动下，全球经济将多增长1个百分点。高盛在该报告中指出，中国经济将通过国内需求、国际旅行需求和大宗商品需求三个渠道为全球经济增长带来直接的积极影响。预计今年中国内需将增加5%，带动部分亚太地区经济体的GDP增速提升约0.4个百分点；中国对外服务需求逐渐复苏，尤其是出境旅游，将提振出游目的国经济；此外，中国经济加快恢复或提振国际大宗商品需求和价格。中国每天的石油需求可能会回升100万桶，或令布油价格每桶再上涨约15美元。除了高盛外，多家外资机构此前纷纷看好中国的增长前景。本月初，惠誉评级在修正后的预测中表示，2023年中国经济将增长5%，远高于去年12月预测的4.1%。惠誉 Brian Coulton 研究团队认为：“（中国）从新冠冲击中迅速反弹，意味着2023年上半年的经济活动要比我们预测的强。”惠誉指出，上调预期是基于“消费和经济活动复苏速度快于最初预期的证据”，此外，中国最新的PMI数据显示，中国经济将进一步增长。数据显示，自2022年11月7日以来，北向资金已经连续13周净流入A股。2023年1月16日至1月20日是净流入A股最多的一周，金额达到485.13亿元。从月度数据来看，2月以来，北向资金净流入A股83.54亿元，而1月净流入金额达1412.9亿元。这可以说是外资看好中国的最好证明。","news_type":1,"symbols_score_info":{"HSI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622125742,"gmtCreate":1675313131188,"gmtModify":1676538992134,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"It is better than die immediately。","listText":"It is better than die immediately。","text":"It is better than die immediately。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622125742","repostId":"1197702624","repostType":4,"repost":{"id":"1197702624","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":1675311924,"share":"https://ttm.financial/m/news/1197702624?lang=en_US&edition=fundamental","pubTime":"2023-02-02 12:25","market":"hk","language":"zh","title":"Nio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company","url":"https://stock-news.laohu8.com/highlight/detail?id=1197702624","media":"老虎资讯综合","summary":"2月2日，有消息称，蔚来开启降价促销，2022款ES6和ES8降幅最高超过10万元。蔚来相关负责人回应称：“蔚来2022款ES8、ES6和EC6车型即将迎来全新换代，目前还有少量展车和库存车可供销售，","content":"<p><html><head></head><body>On February 2, it was reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The price reduction promotion has been launched, and the 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The relevant person in charge responded: \"Nio's 2022 ES8, ES6 and EC6 models are about to usher in a new generation. There are currently a small number of show cars and stock cars available for sale. These vehicles can enjoy the show car policy. Nio has daily replacement policies, financial policies, technology configuration packages, etc. are available for users to choose from. At present, they are still valid for the above-mentioned ES8, ES6 and EC6 models, among which the financial policy is more preferential to car buyers.\"</p><p><b>Previously reported:</b></p><p>There were media reports at noon on February 2nd,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The car has begun to offer price reduction promotions for the 2022 ES6 and ES8, and the ES7 also has a certain discount margin. It was confirmed from the two salespeople that this promotion plan was announced and implemented at the regular meeting on the morning of February 1st. However, in<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Official website, Nio App and other official information channels did not announce this news.</p><p>Nio's sales staff described this price reduction promotion plan as \"I have never seen such a large discount margin, an unprecedented discount\". According to the promotion plan, the prices of Nio's 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan. And Nio does not impose restrictions on the purchase method of vehicle purchase and battery leasing scheme (BaaS). Nio can also give discounts ranging from 3,000 to 5,000 yuan to users who buy cars in full, including Nio ES7.</p><p><img src=\"https://static.tigerbbs.com/e51d2b0ec42ddc372ec4461aa41989dc\" tg-width=\"1234\" tg-height=\"409\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio launched a price reduction promotion, with a maximum reduction of more than 100,000? The latest response from the company\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\">2023-02-02 12:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On February 2, it was reported that,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The price reduction promotion has been launched, and the 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The relevant person in charge responded: \"Nio's 2022 ES8, ES6 and EC6 models are about to usher in a new generation. There are currently a small number of show cars and stock cars available for sale. These vehicles can enjoy the show car policy. Nio has daily replacement policies, financial policies, technology configuration packages, etc. are available for users to choose from. At present, they are still valid for the above-mentioned ES8, ES6 and EC6 models, among which the financial policy is more preferential to car buyers.\"</p><p><b>Previously reported:</b></p><p>There were media reports at noon on February 2nd,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The car has begun to offer price reduction promotions for the 2022 ES6 and ES8, and the ES7 also has a certain discount margin. It was confirmed from the two salespeople that this promotion plan was announced and implemented at the regular meeting on the morning of February 1st. However, in<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Official website, Nio App and other official information channels did not announce this news.</p><p>Nio's sales staff described this price reduction promotion plan as \"I have never seen such a large discount margin, an unprecedented discount\". According to the promotion plan, the prices of Nio's 2022 ES6 and ES8 have dropped by up to more than 100,000 yuan. And Nio does not impose restrictions on the purchase method of vehicle purchase and battery leasing scheme (BaaS). Nio can also give discounts ranging from 3,000 to 5,000 yuan to users who buy cars in full, including Nio ES7.</p><p><img src=\"https://static.tigerbbs.com/e51d2b0ec42ddc372ec4461aa41989dc\" tg-width=\"1234\" tg-height=\"409\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a3b92523152bd36c422721756606e549","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197702624","content_text":"2月2日，有消息称，蔚来开启降价促销，2022款ES6和ES8降幅最高超过10万元。蔚来相关负责人回应称：“蔚来2022款ES8、ES6和EC6车型即将迎来全新换代，目前还有少量展车和库存车可供销售，这部分车辆可以享受展车政策。蔚来日常有置换政策、金融政策、科技配置包等可供用户选择，目前针对上述ES8、ES6和EC6车型仍然有效，其中金融政策对购车用户优惠较大。”此前报道：2月2日午间有媒体报道，蔚来汽车开始针对2022款ES6和ES8进行降价促销，ES7也有一定的优惠幅度。从两位销售人员处确认，这一促销方案是2月1日上午例会上通知并开始执行。但是，在蔚来官网、蔚来App和其他官方信息渠道并没有公布这一消息。蔚来的销售人员用“从没有见过如此大的优惠幅度，史无前例的优惠”来形容这一降价促销方案。按照促销方案，蔚来2022款ES6和ES8的价格降幅最高超过了10万元。且蔚来对采用整车购买和电池租赁方案（BaaS）的购买方式不作限制。对全款购车的用户，包括蔚来ES7在内，蔚来还可以给予3000-5000元不等的折扣优惠。","news_type":1,"symbols_score_info":{"09866":0.9,"NIO.SI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":621123531,"gmtCreate":1672120809525,"gmtModify":1676538637534,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"give the last sentence to the ***","listText":"give the last sentence to the ***","text":"give the last sentence to the ***","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/621123531","repostId":"1142348871","repostType":4,"repost":{"id":"1142348871","kind":"news","pubTimestamp":1672106134,"share":"https://ttm.financial/m/news/1142348871?lang=en_US&edition=fundamental","pubTime":"2022-12-27 09:55","market":"us","language":"zh","title":"How did the 174-year-old Pfizer become the world's largest pharmaceutical company?","url":"https://stock-news.laohu8.com/highlight/detail?id=1142348871","media":"砺石商业评论","summary":"从化学工厂，到“宇宙第一大药厂”、“新冠最大赢家”，100多年来辉瑞一直是行业的弄潮儿。被戏称为“宇宙第一大药厂”的辉瑞，在全球医药领域一直名列前茅。驱虫塔糖、青霉素、土霉素、伟哥……这些在人类生活中","content":"<p><html><head></head><body>From a chemical factory to \"the largest pharmaceutical company in the universe\" and \"the biggest winner of the new crown\", for more than 100 years<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>It has always been a trendsetter in the industry. Pfizer, nicknamed \"the largest pharmaceutical company in the universe\", has always been among the best in the global pharmaceutical field. Anthelmintic sugar, penicillin, oxytetracycline, Viagra... these important items in human life are all made by it.</p><p>It created the world's first super single product with an annual revenue of over 10 billion US dollars-the antihypertensive drug Lipitor, but in terms of its ability to attract money, COVID-19 vaccine, which has become popular in the past two years, is the new favorite.</p><p>Its COVID-19 vaccine Comirnaty will have sales of US $36.9 billion in 2021, making it the fastest-selling drug in the history of human pharmaceuticals.</p><p>With the blessing of COVID-19 vaccine and the new crown specific drugs, Pfizer will return to the number one position of global pharmaceutical companies in 2021, attracting money like crazy. As a \"new crown winner\", Pfizer is popular enough, but it is also very controversial.</p><p><b>1. Leave the family</b></p><p>In 1848, a pair of German cousins, with $2,500 and a yearning for free adventure, came to the United States and started their \"gold rush dream\".</p><p>Cousin Charles Erhardt learned the craft of making candy from his uncle. Cousin Charles Pfizer asked his father for start-up capital, his apprenticeship as a pharmacist, and some knowledge of chemistry. After researching the market, they thought it was a good opportunity to manufacture specialty chemicals that were not produced in the United States at that time.</p><p>At that time, the western United States was rich in resources, but the sanitary conditions and eating habits were poor, and many people suffered from ascariasis. However, the unswallowable taste of the anthelmintic medicine santonin makes patients very painful. The two began to solve this pain point, and they covered the bitter taste of Shandao Nian with sweetness, and Pagoda Candy came out.</p><p><img src=\"https://static.tigerbbs.com/b41fe3f1eea01d54823e9d7cf631e016\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>This medicine sold very well as soon as it came out, and the two brothers dug up the first pot of gold in their lives.<b>After winning the first battle, they embarked on the journey of chemical production.</b></p><p>In 1861, the American Civil War began, and the demand for painkillers, antidotes and preservatives increased day by day. Pfizer's company has achieved unprecedented development by supplying items to the northern army. In 1868, the company moved to Manhattan's Wall Street district to accommodate its growing size.</p><p>In 1876, at the first Philadelphia World's Fair in the United States, Pfizer was awarded the highest honor award of the fair. He shone as brightly as Bell and Edison, who invented the telephone.</p><p>In 1900, at the age of 76, Pfizer was somewhat overwhelmed. His three sons showed no interest in running the company, but he handed it over to his eldest son anyway. Unexpectedly, the eldest son, who loves hunting and horse racing, lost $2 million because of the failed real estate investment in just two years in charge of the company.</p><p><b>Pfizer recognizes the reality: relying solely on family management, the company has only one dead end.</b></p><p>After careful search, a middle-aged man named John Anderson came into his sight. In 1871, at the age of 16, Anderson was responsible for sweeping the floor and fetching water in the company. Two years later, he was diligent and studious and became a salesman at Pfizer. In 1882, with outstanding business ability, he became the head of Pfizer's only office outside new york-Chicago office.</p><p>In 1905, Pfizer replaced its eldest son as chairman with its youngest son, Emil Pfizer, and then appointed Anderson as CEO of the company, giving him 1% of the company's shares (33% for each of the three sons) and 25% of the company's profits as reward. After making this decision, Pfizer died.</p><p><b>In 1910, at Anderson's proposal, he shared the shares equally with Pfizer's three sons and got 25% of the shares. His role in turning the tide for the company was highlighted with the outbreak of World War I.</b></p><p>At that time, Pfizer made profits by supplying citric acid to the food and beverage, pharmaceutical and textile industries. At that time, the lemons used to produce citric acid mainly came from Italy, but after the outbreak of World War I, the naval blockade and the cartel agreement (monopoly alliance) of Italian lemon growers greatly restricted Pfizer's raw material supply.</p><p>Fortunately, Anderson has long realized the disadvantages of relying too much on imported raw materials.</p><p>Before World War I, the laboratory he established developed a method of producing citric acid by a new fermentation process of brown bread mold. When the raw materials were in an emergency in World War I, he decisively replaced all the equipment in the factory and switched to a new process for production.</p><p>In 1923, Pfizer completely got rid of the restrictions of European citrus growers and became the largest citric acid manufacturer in the United States. In 1929, it monopolized almost all citric acid production on the market, with a scale of tens of millions of pounds.</p><p>January 1929, the new<a href=\"https://laohu8.com/S/41O.SI\">Virtuous</a>William Erhardt succeeded Anderson as chairman, Emil Pfizer as general manager, and Anderson's son, Anderson Jr., became deputy general manager. But soon Pfizer ushered in the post-war Great Depression like a volcanic eruption.</p><p>In 1931, the company's sales fell by 27% and net income by 58%, and soon payroll payment became a problem. In order to tide over the difficulties, Emil Pfizer donated a huge sum of $250,000 out of his own pocket to keep all the production teams.</p><p>Since then, Pfizer has saved millions of dollars by replacing sucrose with molasses to produce citric acid, and has successfully survived the Great Depression by mass-producing gluconic acid. In 1936, Pfizer became the world's leading fermentation chemical company, and began mass production of vitamin C on a large scale based on its technical experience in the production of gluconic acid and citric acid.</p><p>In July 1940, Erhardt died as chairman. The following year, Anderson Jr. became president and chairman, and he ushered in a new era for Pfizer.</p><p>After taking over, he convinced the board of directors to allow Pfizer employees to buy company stock. On June 22, 1942, with the successful listing of Pfizer,<b>Anderson Jr. completed the transformation of Pfizer from a family business to a public company.</b></p><p>In the autumn of 1942, Pfizer, at the call of the U.S. government, cooperated with Merck,<a href=\"https://laohu8.com/S/BMY\">Bristol-Myers Squibb</a>Waiting for the company to study mass production of penicillin together, Pfizer has invested for more than a year, but there is still no progress. The company's researchers who have developed citric acid put forward the idea of \"deep tank fermentation\" to produce citric acid.</p><p>However, the investment in fermentation equipment was huge, and the company was temporarily worried. In order to achieve mass production quickly, all employees actually put their millions of dollars worth of Pfizer shares, bought an idle ice factory near the company, and produced penicillin at six times the estimated output.</p><p><img src=\"https://static.tigerbbs.com/28a7fdbab449a240c890ca8ae46a36c5\" tg-width=\"980\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/></p><p>In the Normandy D-Day World War I in 1944, the US military suffered huge casualties, and 90% of the penicillin used to rescue the wounded came from Pfizer. During World War II, Pfizer supplied more than half of the penicillin produced by the allied forces, and the yield and quality were unmatched.</p><p><b>2. R&D and sales</b></p><p>Although penicillin has made Pfizer famous all over the world and tasted the sweetness of pharmaceuticals, because there is no patent, many manufacturers have poured in, and their profits are getting lower and lower. In 1951, Pfizer successfully developed its own patented broad-spectrum antibiotic-oxytetracycline, which is effective against more than 50 diseases including pneumonia, opening a new era for Pfizer.</p><p><img src=\"https://static.tigerbbs.com/fabde17dbfacfad06f9f7f0cd8b246c2\" tg-width=\"426\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/></p><p>Arthur Sackler, a doctor who once pioneered the medical representative model, based on nearly ten years of physician public relations experience, told Pfizer's sales director: \"As long as you give me enough budget, I can make Pfizer's name known to all doctors.\" The company came up with an unprecedented budget, and an overwhelming advertising campaign began.</p><p>Arthur wants the doctor to be \"surrounded\" by oxytetracycline. He placed large color advertisements in medical journals, and stuffed an eight-page pamphlet of Pfizer Drug Spectrum in the Journal of the American Medical Association, which American doctors subscribe to.</p><p>He even hired copywriters, pretended to be patients all over the world, wrote thousands of postcards, and sent them to family doctors, pediatricians and surgeons all over the United States, claiming that \"oxytetracycline cured milk fever in Malta\" and \"oxytetracycline cured Australian fever\"...</p><p>Once the postcard was sent, Arthur had the salespeople start face-to-face marketing non-stop. Medical representatives visit almost all doctors who can prescribe drugs to ensure that they all receive promotional materials. This operation, coupled with the efficacy of the drug itself, allowed the sales of oxytetracycline to reach 45 million dollars in 1952, and its business expanded to 13 countries.</p><p>This battle is crucial to Pfizer. After the success of oxytetracycline, the name of the company Pfizer was completely determined. The company began to take root in the pharmaceutical field and firmly established the importance of research and development.</p><p>In 1960, they established the world's largest Groton Laboratory in Connecticut, USA, and gathered up to 4,000 R&D personnel. It became the key to Pfizer's growth in the second half of the twentieth century. Piroxicam, an anti-inflammatory drug in 1982, and nifedipine, a coronary heart disease and angina pectoris drug in 1989, were all developed by this laboratory.</p><p><b>Pfizer, which pioneered modern pharmaceutical advertising, has brought its pharmaceutical marketing and channel power to the extreme. It firmly believes that \"research and development is as important as promoting patients' access to drugs.\"</b></p><p>The company's unprecedentedly powerful global medical representatives have gradually grown to more than 10,000 people. They go deep into hospitals and communities, face customers directly, sell drugs and obtain patient information. These channels not only continuously send out Pfizer's drugs, but also form channel barriers that other brands are difficult to overcome.</p><p>Almost all tertiary and secondary hospitals have Pfizer sales staff, who promote products through various academic conferences, forums, presentations, community meetings, lectures by famous doctors, media promotions and other \"multi-channel medical communication\".</p><p><b>\"Appropriate R&D + first-class marketing = the right to speak in the international pharmaceutical field\" has become Pfizer's killer in the battlefield.</b></p><p>In the 1960s, although Pfizer established a laboratory in pharmaceutical research and development, there was a long bottleneck period in new drug research and development. The company's sales gradually decreased, coupled with government regulation, Pfizer began unrelated diversification in 1961-1964.</p><p>Pfizer has acquired 14 over-the-counter drugs and fast-moving consumer products companies, involving businesses including eye drops, soaps, skin care products, perfumes, and razors. But in the daily chemical channel, it has not accumulated<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>With the same channel capabilities, it becomes big but not strong after losing its main business.</p><p>To make matters worse, diversification has made it miss the opportunity to build R&D barriers for the next biotechnology era. Merck's hepatitis B vaccine,<a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The insulin project won a great victory precisely because it seized the forefront of the biotechnology revolution, but Pfizer missed it.</p><p>In the 1980s, Pfizer began to rationalize its assets, divest unrelated businesses, return to the pharmaceutical standard, and expand its business to almost all countries in the world through mergers and acquisitions. But the medical peak it once climbed has become more and more steep. The fruit that can be picked on the tree of research and development has almost disappeared.</p><p><b>Mergers and acquisitions</b></p><p>Since the 1980s, the internal and external environment of pharmaceuticals has changed dramatically, and the risks and difficulties of research and development have soared.</p><p>The complexity of human diseases has increased the cost and cycle of new drug development, but it is difficult for products to be put on the market. The research and development cycle of new drugs is generally 10-15 years, and the cost has risen from 138 million US dollars in 1975 to 802 million US dollars in 2000, and continues to soar. However, new drugs that can be approved by the FDA continue to set record lows.</p><p>Even if it is successfully launched, on average, only 3 of the 10 new drugs on the market can recover the research and development cost. The patent policy of the United States has shortened the valid patent time of new prescription drugs, and drug pricing has become stricter under the pressure of medical costs, further reducing profit margins.</p><p>Pfizer can't escape bad luck. Since the 1990s, although it has invested billions of dollars in research and development, except for the antihypertensive drug Luohuoxi and the antidepressant Yulefu, there have been no super blockbuster drugs. In 1994, Pfizer ranked sixth in pharmaceuticals in the United States, behind Herchester and Bayer in Germany, Glaxo in the United Kingdom and Roche in Switzerland.</p><p><img src=\"https://static.tigerbbs.com/a6427e8e241348a8b7712b48103a76b7\" tg-width=\"1080\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>But it still hasn't stopped research and development. In 1998, Viagra (Viagra) went on the market, and this little blue pill achieved unprecedented success. According to statistics, all over the world, 4 Viagra pills are taken by patients every second. The success of Viagra has accumulated huge wealth for it, which has become its confidence in fighting on the battlefield since then.</p><p><b>At the same time, Pfizer chose to use its sales advantages to make up for R&D risks.</b>In the early 1990s, the antibiotic Zithromax it launched was developed by the Croatian company Sour Pliva in 1988. Sour Pliva transferred the global production and market development rights of the drug to Pfizer. Because Pfizer's almost unrivaled sales ability can even make products catch up from behind.</p><p>Pfizer has developed strategic collaborations with more than 150 companies. In 1997, it established more than 20 alliances with research institutions and other pharmaceutical companies to jointly develop and sell joint venture drug research. Based on Pfizer's sales capabilities, it helped other pharmaceutical companies gain greater benefits.</p><p><b>Pfizer's strong marketing network has created its keen sense of market smell. Without its own fist products, mergers and acquisitions have become the first choice for shortcuts.</b></p><p>In the late 1990s, Pfizer set its sights on the lipid-lowering drug Lipitor, firmly convinced that it could make it better. The company spent $1.838 billion to terminate the merger of its research and development company Warner Lambert and American Household Products Company. In 2000, it spent $90 billion to acquire Warner Lambert.</p><p>Although the price is high, Lipitor turned out to be the catalyst for Pfizer to reach the top of the pharmaceutical industry world.</p><p>Relying on strong channel control, Pfizer persuaded the FDA to agree to list the results of the comparative experiment between Lipitor and Mejiangzhi (a lipid-lowering drug produced by Merck in 1987) in Lipitor's instructions. The obvious comparison of drug efficacy is very convincing.</p><p>In order to carry out a \"saturation attack\" on doctors, Pfizer appointed two teams to promote Lipitor. On the one hand, it used internal horse racing to improve combat effectiveness, and on the other hand, it increased the frequency of contact between doctors and drugs.</p><p>In 1999, Lipitor's revenue reached US $3.795 billion, and in 2001 it was increased to US $6.449 billion, making it the world's best-selling prescription drug. In 2004, its sales reached 10.862 billion US dollars, becoming the first product in the world with a single sales exceeding 10 billion.</p><p>Lipitor, a drug, contributed 20% of Pfizer's revenue, helping the company become the first pharmaceutical company in the United States and the second largest pharmaceutical company in the world.</p><p><b>Entering the 21st century, Pfizer, which seems to be sailing smoothly, is facing many severe challenges, with a lack of research and development, and the company's revenue is going from bad to worse.</b>From 2004 to 2008, its revenue was US $52.516 billion, US $51.298 billion, US $48.37 billion, US $48.42 billion, and US $48.296 billion, respectively.</p><p>To make matters worse, the patent of Lipitor, the \"cash cow\", will expire in March 2010, when the drug's revenue may drop sharply by 40%. The new drug Torchep, which tried to succeed it, died before it came out because of the higher-than-expected mortality rate. Without internal growth capabilities, we can only continue to rely on external mergers and acquisitions.</p><p>Former rival Wyeth entered its field of vision. In 2008, Wyeth's antidepressant drug Enos and gastrointestinal drug pantoprazole had sales of US $3.9 billion and US $2.7 billion respectively. The world's highest-selling vaccine \"Peier\" and prescription drug \"Enli\" were also its products. It has 64 drugs under development, 18 drugs in clinical phase III and registration stages, 6 vaccines under development and 27 biological products.</p><p>In 2009, Pfizer spent US $68 billion to acquire Wyeth, becoming the world's number one pharmaceutical company. At that time, the sales of Pfizer and Wyeth were US $48.3 billion and US $23 billion respectively. After the merger, Pfizer transformed from a chemical drug giant to a giant in the biopharmaceutical field, finally making up for the homework that had fallen behind for nearly 20 years, and also laid the foundation for Pfizer's success in COVID-19 vaccine.</p><p><img src=\"https://static.tigerbbs.com/6e1f8533c352f84b945296d27927765b\" tg-width=\"891\" tg-height=\"605\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/16b199eea87211d4f5ca4b9c4e98c91e\" tg-width=\"836\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In 2019, COVID-19 pandemic broke out. On November 9, 2020, Pfizer released the first results of COVID-19 vaccine, showing that its effectiveness exceeded 90%. In 2021, its Comirnaty vaccine will produce more than 3 billion doses, with sales of 36.9 billion US dollars, making it the fastest-selling drug in pharmaceutical history.</p><p>In 2021, Pfizer's total sales reached US $81.3 billion, an increase of 95% from the previous year, topping the sales throne. Its research and development expenses are as high as US $13.8 billion (accounting for 17.01% of revenue).</p><p>In the first half of 2022, Pfizer will continue to make rapid progress, with total revenue of US $53.4 billion, a year-on-year increase of 60%; The net profit was US $17.769 billion, a year-on-year increase of 70%, of which the vaccine Comirnaty and the new crown oral drug Paxlovid contributed a lot.</p><p>In 2022, COVID-19 vaccine's sales will begin to decline. Its third-quarter revenue will be US $22.638 billion (net profit of US $8.608 billion), a year-on-year decrease of 6%, but its performance still exceeds Wall Street expectations. Foreign analysts predict that Pfizer's revenue in 2022 may reach US $101.3 billion.</p><p><b>As the world's largest pharmaceutical company, Pfizer's glory is unmatched, but it has also been criticized by many netizens.</b></p><p>In 2009, Pfizer was fined $2.3 billion for marketing excessively exaggerated the scope of application of drugs. The U.S. Department of Justice called it a recidivist in this respect.</p><p>Some foreign netizens pointed out that their interest groups control the American medical industry, monopolize supply, raise the industry threshold, control the research direction through research funds, and control doctors by economic means, thus monopolizing channels to make profits. Some dark transactions between it and doctors and officials are also hated by netizens.</p><p>In view of the allegations made by netizens at home and abroad, Paxlovid, a \"new crown specific drug\" with a course of treatment of up to US $529 (about 3,378 yuan), caused criticism from many netizens when it entered Shanghai Medical Insurance. Although Chinese netizens' accusations of smearing traditional Chinese medicine and corruption are true and false, the market's reaction deserves Pfizer's careful consideration. If an enterprise has a very negative image in the eyes of the public, it is difficult to maintain its giant throne for a long time.</p><p></body></html></p>","source":"lsy1571105524917","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 the 174-year-old Pfizer become the world's largest pharmaceutical company?</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 the 174-year-old Pfizer become the world's largest pharmaceutical company?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">砺石商业评论</strong><span class=\"h-time small\">2022-12-27 09:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>From a chemical factory to \"the largest pharmaceutical company in the universe\" and \"the biggest winner of the new crown\", for more than 100 years<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>It has always been a trendsetter in the industry. Pfizer, nicknamed \"the largest pharmaceutical company in the universe\", has always been among the best in the global pharmaceutical field. Anthelmintic sugar, penicillin, oxytetracycline, Viagra... these important items in human life are all made by it.</p><p>It created the world's first super single product with an annual revenue of over 10 billion US dollars-the antihypertensive drug Lipitor, but in terms of its ability to attract money, COVID-19 vaccine, which has become popular in the past two years, is the new favorite.</p><p>Its COVID-19 vaccine Comirnaty will have sales of US $36.9 billion in 2021, making it the fastest-selling drug in the history of human pharmaceuticals.</p><p>With the blessing of COVID-19 vaccine and the new crown specific drugs, Pfizer will return to the number one position of global pharmaceutical companies in 2021, attracting money like crazy. As a \"new crown winner\", Pfizer is popular enough, but it is also very controversial.</p><p><b>1. Leave the family</b></p><p>In 1848, a pair of German cousins, with $2,500 and a yearning for free adventure, came to the United States and started their \"gold rush dream\".</p><p>Cousin Charles Erhardt learned the craft of making candy from his uncle. Cousin Charles Pfizer asked his father for start-up capital, his apprenticeship as a pharmacist, and some knowledge of chemistry. After researching the market, they thought it was a good opportunity to manufacture specialty chemicals that were not produced in the United States at that time.</p><p>At that time, the western United States was rich in resources, but the sanitary conditions and eating habits were poor, and many people suffered from ascariasis. However, the unswallowable taste of the anthelmintic medicine santonin makes patients very painful. The two began to solve this pain point, and they covered the bitter taste of Shandao Nian with sweetness, and Pagoda Candy came out.</p><p><img src=\"https://static.tigerbbs.com/b41fe3f1eea01d54823e9d7cf631e016\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>This medicine sold very well as soon as it came out, and the two brothers dug up the first pot of gold in their lives.<b>After winning the first battle, they embarked on the journey of chemical production.</b></p><p>In 1861, the American Civil War began, and the demand for painkillers, antidotes and preservatives increased day by day. Pfizer's company has achieved unprecedented development by supplying items to the northern army. In 1868, the company moved to Manhattan's Wall Street district to accommodate its growing size.</p><p>In 1876, at the first Philadelphia World's Fair in the United States, Pfizer was awarded the highest honor award of the fair. He shone as brightly as Bell and Edison, who invented the telephone.</p><p>In 1900, at the age of 76, Pfizer was somewhat overwhelmed. His three sons showed no interest in running the company, but he handed it over to his eldest son anyway. Unexpectedly, the eldest son, who loves hunting and horse racing, lost $2 million because of the failed real estate investment in just two years in charge of the company.</p><p><b>Pfizer recognizes the reality: relying solely on family management, the company has only one dead end.</b></p><p>After careful search, a middle-aged man named John Anderson came into his sight. In 1871, at the age of 16, Anderson was responsible for sweeping the floor and fetching water in the company. Two years later, he was diligent and studious and became a salesman at Pfizer. In 1882, with outstanding business ability, he became the head of Pfizer's only office outside new york-Chicago office.</p><p>In 1905, Pfizer replaced its eldest son as chairman with its youngest son, Emil Pfizer, and then appointed Anderson as CEO of the company, giving him 1% of the company's shares (33% for each of the three sons) and 25% of the company's profits as reward. After making this decision, Pfizer died.</p><p><b>In 1910, at Anderson's proposal, he shared the shares equally with Pfizer's three sons and got 25% of the shares. His role in turning the tide for the company was highlighted with the outbreak of World War I.</b></p><p>At that time, Pfizer made profits by supplying citric acid to the food and beverage, pharmaceutical and textile industries. At that time, the lemons used to produce citric acid mainly came from Italy, but after the outbreak of World War I, the naval blockade and the cartel agreement (monopoly alliance) of Italian lemon growers greatly restricted Pfizer's raw material supply.</p><p>Fortunately, Anderson has long realized the disadvantages of relying too much on imported raw materials.</p><p>Before World War I, the laboratory he established developed a method of producing citric acid by a new fermentation process of brown bread mold. When the raw materials were in an emergency in World War I, he decisively replaced all the equipment in the factory and switched to a new process for production.</p><p>In 1923, Pfizer completely got rid of the restrictions of European citrus growers and became the largest citric acid manufacturer in the United States. In 1929, it monopolized almost all citric acid production on the market, with a scale of tens of millions of pounds.</p><p>January 1929, the new<a href=\"https://laohu8.com/S/41O.SI\">Virtuous</a>William Erhardt succeeded Anderson as chairman, Emil Pfizer as general manager, and Anderson's son, Anderson Jr., became deputy general manager. But soon Pfizer ushered in the post-war Great Depression like a volcanic eruption.</p><p>In 1931, the company's sales fell by 27% and net income by 58%, and soon payroll payment became a problem. In order to tide over the difficulties, Emil Pfizer donated a huge sum of $250,000 out of his own pocket to keep all the production teams.</p><p>Since then, Pfizer has saved millions of dollars by replacing sucrose with molasses to produce citric acid, and has successfully survived the Great Depression by mass-producing gluconic acid. In 1936, Pfizer became the world's leading fermentation chemical company, and began mass production of vitamin C on a large scale based on its technical experience in the production of gluconic acid and citric acid.</p><p>In July 1940, Erhardt died as chairman. The following year, Anderson Jr. became president and chairman, and he ushered in a new era for Pfizer.</p><p>After taking over, he convinced the board of directors to allow Pfizer employees to buy company stock. On June 22, 1942, with the successful listing of Pfizer,<b>Anderson Jr. completed the transformation of Pfizer from a family business to a public company.</b></p><p>In the autumn of 1942, Pfizer, at the call of the U.S. government, cooperated with Merck,<a href=\"https://laohu8.com/S/BMY\">Bristol-Myers Squibb</a>Waiting for the company to study mass production of penicillin together, Pfizer has invested for more than a year, but there is still no progress. The company's researchers who have developed citric acid put forward the idea of \"deep tank fermentation\" to produce citric acid.</p><p>However, the investment in fermentation equipment was huge, and the company was temporarily worried. In order to achieve mass production quickly, all employees actually put their millions of dollars worth of Pfizer shares, bought an idle ice factory near the company, and produced penicillin at six times the estimated output.</p><p><img src=\"https://static.tigerbbs.com/28a7fdbab449a240c890ca8ae46a36c5\" tg-width=\"980\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/></p><p>In the Normandy D-Day World War I in 1944, the US military suffered huge casualties, and 90% of the penicillin used to rescue the wounded came from Pfizer. During World War II, Pfizer supplied more than half of the penicillin produced by the allied forces, and the yield and quality were unmatched.</p><p><b>2. R&D and sales</b></p><p>Although penicillin has made Pfizer famous all over the world and tasted the sweetness of pharmaceuticals, because there is no patent, many manufacturers have poured in, and their profits are getting lower and lower. In 1951, Pfizer successfully developed its own patented broad-spectrum antibiotic-oxytetracycline, which is effective against more than 50 diseases including pneumonia, opening a new era for Pfizer.</p><p><img src=\"https://static.tigerbbs.com/fabde17dbfacfad06f9f7f0cd8b246c2\" tg-width=\"426\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/></p><p>Arthur Sackler, a doctor who once pioneered the medical representative model, based on nearly ten years of physician public relations experience, told Pfizer's sales director: \"As long as you give me enough budget, I can make Pfizer's name known to all doctors.\" The company came up with an unprecedented budget, and an overwhelming advertising campaign began.</p><p>Arthur wants the doctor to be \"surrounded\" by oxytetracycline. He placed large color advertisements in medical journals, and stuffed an eight-page pamphlet of Pfizer Drug Spectrum in the Journal of the American Medical Association, which American doctors subscribe to.</p><p>He even hired copywriters, pretended to be patients all over the world, wrote thousands of postcards, and sent them to family doctors, pediatricians and surgeons all over the United States, claiming that \"oxytetracycline cured milk fever in Malta\" and \"oxytetracycline cured Australian fever\"...</p><p>Once the postcard was sent, Arthur had the salespeople start face-to-face marketing non-stop. Medical representatives visit almost all doctors who can prescribe drugs to ensure that they all receive promotional materials. This operation, coupled with the efficacy of the drug itself, allowed the sales of oxytetracycline to reach 45 million dollars in 1952, and its business expanded to 13 countries.</p><p>This battle is crucial to Pfizer. After the success of oxytetracycline, the name of the company Pfizer was completely determined. The company began to take root in the pharmaceutical field and firmly established the importance of research and development.</p><p>In 1960, they established the world's largest Groton Laboratory in Connecticut, USA, and gathered up to 4,000 R&D personnel. It became the key to Pfizer's growth in the second half of the twentieth century. Piroxicam, an anti-inflammatory drug in 1982, and nifedipine, a coronary heart disease and angina pectoris drug in 1989, were all developed by this laboratory.</p><p><b>Pfizer, which pioneered modern pharmaceutical advertising, has brought its pharmaceutical marketing and channel power to the extreme. It firmly believes that \"research and development is as important as promoting patients' access to drugs.\"</b></p><p>The company's unprecedentedly powerful global medical representatives have gradually grown to more than 10,000 people. They go deep into hospitals and communities, face customers directly, sell drugs and obtain patient information. These channels not only continuously send out Pfizer's drugs, but also form channel barriers that other brands are difficult to overcome.</p><p>Almost all tertiary and secondary hospitals have Pfizer sales staff, who promote products through various academic conferences, forums, presentations, community meetings, lectures by famous doctors, media promotions and other \"multi-channel medical communication\".</p><p><b>\"Appropriate R&D + first-class marketing = the right to speak in the international pharmaceutical field\" has become Pfizer's killer in the battlefield.</b></p><p>In the 1960s, although Pfizer established a laboratory in pharmaceutical research and development, there was a long bottleneck period in new drug research and development. The company's sales gradually decreased, coupled with government regulation, Pfizer began unrelated diversification in 1961-1964.</p><p>Pfizer has acquired 14 over-the-counter drugs and fast-moving consumer products companies, involving businesses including eye drops, soaps, skin care products, perfumes, and razors. But in the daily chemical channel, it has not accumulated<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>With the same channel capabilities, it becomes big but not strong after losing its main business.</p><p>To make matters worse, diversification has made it miss the opportunity to build R&D barriers for the next biotechnology era. Merck's hepatitis B vaccine,<a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The insulin project won a great victory precisely because it seized the forefront of the biotechnology revolution, but Pfizer missed it.</p><p>In the 1980s, Pfizer began to rationalize its assets, divest unrelated businesses, return to the pharmaceutical standard, and expand its business to almost all countries in the world through mergers and acquisitions. But the medical peak it once climbed has become more and more steep. The fruit that can be picked on the tree of research and development has almost disappeared.</p><p><b>Mergers and acquisitions</b></p><p>Since the 1980s, the internal and external environment of pharmaceuticals has changed dramatically, and the risks and difficulties of research and development have soared.</p><p>The complexity of human diseases has increased the cost and cycle of new drug development, but it is difficult for products to be put on the market. The research and development cycle of new drugs is generally 10-15 years, and the cost has risen from 138 million US dollars in 1975 to 802 million US dollars in 2000, and continues to soar. However, new drugs that can be approved by the FDA continue to set record lows.</p><p>Even if it is successfully launched, on average, only 3 of the 10 new drugs on the market can recover the research and development cost. The patent policy of the United States has shortened the valid patent time of new prescription drugs, and drug pricing has become stricter under the pressure of medical costs, further reducing profit margins.</p><p>Pfizer can't escape bad luck. Since the 1990s, although it has invested billions of dollars in research and development, except for the antihypertensive drug Luohuoxi and the antidepressant Yulefu, there have been no super blockbuster drugs. In 1994, Pfizer ranked sixth in pharmaceuticals in the United States, behind Herchester and Bayer in Germany, Glaxo in the United Kingdom and Roche in Switzerland.</p><p><img src=\"https://static.tigerbbs.com/a6427e8e241348a8b7712b48103a76b7\" tg-width=\"1080\" tg-height=\"543\" referrerpolicy=\"no-referrer\"/></p><p>But it still hasn't stopped research and development. In 1998, Viagra (Viagra) went on the market, and this little blue pill achieved unprecedented success. According to statistics, all over the world, 4 Viagra pills are taken by patients every second. The success of Viagra has accumulated huge wealth for it, which has become its confidence in fighting on the battlefield since then.</p><p><b>At the same time, Pfizer chose to use its sales advantages to make up for R&D risks.</b>In the early 1990s, the antibiotic Zithromax it launched was developed by the Croatian company Sour Pliva in 1988. Sour Pliva transferred the global production and market development rights of the drug to Pfizer. Because Pfizer's almost unrivaled sales ability can even make products catch up from behind.</p><p>Pfizer has developed strategic collaborations with more than 150 companies. In 1997, it established more than 20 alliances with research institutions and other pharmaceutical companies to jointly develop and sell joint venture drug research. Based on Pfizer's sales capabilities, it helped other pharmaceutical companies gain greater benefits.</p><p><b>Pfizer's strong marketing network has created its keen sense of market smell. Without its own fist products, mergers and acquisitions have become the first choice for shortcuts.</b></p><p>In the late 1990s, Pfizer set its sights on the lipid-lowering drug Lipitor, firmly convinced that it could make it better. The company spent $1.838 billion to terminate the merger of its research and development company Warner Lambert and American Household Products Company. In 2000, it spent $90 billion to acquire Warner Lambert.</p><p>Although the price is high, Lipitor turned out to be the catalyst for Pfizer to reach the top of the pharmaceutical industry world.</p><p>Relying on strong channel control, Pfizer persuaded the FDA to agree to list the results of the comparative experiment between Lipitor and Mejiangzhi (a lipid-lowering drug produced by Merck in 1987) in Lipitor's instructions. The obvious comparison of drug efficacy is very convincing.</p><p>In order to carry out a \"saturation attack\" on doctors, Pfizer appointed two teams to promote Lipitor. On the one hand, it used internal horse racing to improve combat effectiveness, and on the other hand, it increased the frequency of contact between doctors and drugs.</p><p>In 1999, Lipitor's revenue reached US $3.795 billion, and in 2001 it was increased to US $6.449 billion, making it the world's best-selling prescription drug. In 2004, its sales reached 10.862 billion US dollars, becoming the first product in the world with a single sales exceeding 10 billion.</p><p>Lipitor, a drug, contributed 20% of Pfizer's revenue, helping the company become the first pharmaceutical company in the United States and the second largest pharmaceutical company in the world.</p><p><b>Entering the 21st century, Pfizer, which seems to be sailing smoothly, is facing many severe challenges, with a lack of research and development, and the company's revenue is going from bad to worse.</b>From 2004 to 2008, its revenue was US $52.516 billion, US $51.298 billion, US $48.37 billion, US $48.42 billion, and US $48.296 billion, respectively.</p><p>To make matters worse, the patent of Lipitor, the \"cash cow\", will expire in March 2010, when the drug's revenue may drop sharply by 40%. The new drug Torchep, which tried to succeed it, died before it came out because of the higher-than-expected mortality rate. Without internal growth capabilities, we can only continue to rely on external mergers and acquisitions.</p><p>Former rival Wyeth entered its field of vision. In 2008, Wyeth's antidepressant drug Enos and gastrointestinal drug pantoprazole had sales of US $3.9 billion and US $2.7 billion respectively. The world's highest-selling vaccine \"Peier\" and prescription drug \"Enli\" were also its products. It has 64 drugs under development, 18 drugs in clinical phase III and registration stages, 6 vaccines under development and 27 biological products.</p><p>In 2009, Pfizer spent US $68 billion to acquire Wyeth, becoming the world's number one pharmaceutical company. At that time, the sales of Pfizer and Wyeth were US $48.3 billion and US $23 billion respectively. After the merger, Pfizer transformed from a chemical drug giant to a giant in the biopharmaceutical field, finally making up for the homework that had fallen behind for nearly 20 years, and also laid the foundation for Pfizer's success in COVID-19 vaccine.</p><p><img src=\"https://static.tigerbbs.com/6e1f8533c352f84b945296d27927765b\" tg-width=\"891\" tg-height=\"605\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/16b199eea87211d4f5ca4b9c4e98c91e\" tg-width=\"836\" tg-height=\"554\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In 2019, COVID-19 pandemic broke out. On November 9, 2020, Pfizer released the first results of COVID-19 vaccine, showing that its effectiveness exceeded 90%. In 2021, its Comirnaty vaccine will produce more than 3 billion doses, with sales of 36.9 billion US dollars, making it the fastest-selling drug in pharmaceutical history.</p><p>In 2021, Pfizer's total sales reached US $81.3 billion, an increase of 95% from the previous year, topping the sales throne. Its research and development expenses are as high as US $13.8 billion (accounting for 17.01% of revenue).</p><p>In the first half of 2022, Pfizer will continue to make rapid progress, with total revenue of US $53.4 billion, a year-on-year increase of 60%; The net profit was US $17.769 billion, a year-on-year increase of 70%, of which the vaccine Comirnaty and the new crown oral drug Paxlovid contributed a lot.</p><p>In 2022, COVID-19 vaccine's sales will begin to decline. Its third-quarter revenue will be US $22.638 billion (net profit of US $8.608 billion), a year-on-year decrease of 6%, but its performance still exceeds Wall Street expectations. Foreign analysts predict that Pfizer's revenue in 2022 may reach US $101.3 billion.</p><p><b>As the world's largest pharmaceutical company, Pfizer's glory is unmatched, but it has also been criticized by many netizens.</b></p><p>In 2009, Pfizer was fined $2.3 billion for marketing excessively exaggerated the scope of application of drugs. The U.S. Department of Justice called it a recidivist in this respect.</p><p>Some foreign netizens pointed out that their interest groups control the American medical industry, monopolize supply, raise the industry threshold, control the research direction through research funds, and control doctors by economic means, thus monopolizing channels to make profits. Some dark transactions between it and doctors and officials are also hated by netizens.</p><p>In view of the allegations made by netizens at home and abroad, Paxlovid, a \"new crown specific drug\" with a course of treatment of up to US $529 (about 3,378 yuan), caused criticism from many netizens when it entered Shanghai Medical Insurance. Although Chinese netizens' accusations of smearing traditional Chinese medicine and corruption are true and false, the market's reaction deserves Pfizer's careful consideration. If an enterprise has a very negative image in the eyes of the public, it is difficult to maintain its giant throne for a long time.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/OOeIQ-88_9uZNuLLmIJmtg\">砺石商业评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/53178e46980dbf8c136bb9ebbf7f539c","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://mp.weixin.qq.com/s/OOeIQ-88_9uZNuLLmIJmtg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142348871","content_text":"从化学工厂，到“宇宙第一大药厂”、“新冠最大赢家”，100多年来辉瑞一直是行业的弄潮儿。被戏称为“宇宙第一大药厂”的辉瑞，在全球医药领域一直名列前茅。驱虫塔糖、青霉素、土霉素、伟哥……这些在人类生活中，举足轻重的大单品都出自它之手。它缔造了世界上第一个年营收超百亿美金的超级单品——降压药立普妥，但论吸金能力，这两年走红的新冠疫苗才是新宠。其新冠疫苗Comirnaty，2021年销售额高达369亿美元，成为人类制药史上销售最快的药物。新冠疫苗、新冠特效药的加持，让辉瑞在2021年重回全球药企第一的位置，疯狂吸金。作为“新冠赢家”辉瑞足够红，但也红得很有争议。1、脱离家族1848年，一对德国表兄弟，揣着2500美金和对自由冒险的向往，来到了美国，开启了他们的“淘金梦”。表哥查尔斯·厄哈特跟叔叔学了做糖果的手艺。表弟查尔斯·辉瑞跟父亲要了启动资金，药剂师学徒的经历，还让他掌握了些化学知识。他们经过对市场的调查，认为制造当时美国不生产的特种化学品是个好机会。彼时美国西部资源充沛，但卫生条件和饮食习惯差，许多人饱受蛔虫病折磨。但驱虫药山道年（santonin）难以下咽的味道，让患者很痛苦。两人开始着手解决这个痛点，他们用甜味盖住了山道年的苦味，宝塔糖问世了。此药一出就非常畅销，两兄弟挖到了人生的第一桶金。首战告捷，他们踏上了化学品制作的征途。1861年，美国南北战争打响，止痛药、解毒剂、防腐剂的需求与日俱增。辉瑞的公司通过为北方军队提供物品，获得了空前的发展。1868年，公司迁到了曼哈顿华尔街区，以适应日益扩大的规模。1876年，在美国首届费城世界博览会上，辉瑞被授予博览会最高荣誉奖，他跟发明电话的贝尔及爱迪生一样熠熠生辉。1900年，76岁的辉瑞有些力不从心，他的三个儿子对经营公司毫无兴趣，但他还是把公司交给了大儿子。谁料爱好打猎、赛马的大儿子，执掌公司短短2年，就因为失败的房地产投资亏了200万美元。辉瑞认清了现实：单靠家族管理，公司只有死路一条。经过慎重的寻找，一个叫约翰·安德森的中年人进入了他的视线。1871年，16岁的安德森在公司负责扫地、打水。两年后，勤奋好学的他，成为了辉瑞公司的一名业务员。1882年，业务能力突出的他，成为了辉瑞公司在纽约之外唯一的办事处——芝加哥办事处的负责人。1905年，辉瑞用幼子埃米尔·辉瑞替换了长子做董事长，然后让安德森担任公司CEO，给予他1%的公司股权（3个儿子每人33%）和25%的公司利润分成作为酬劳。做完这个决定后，辉瑞便撒手人寰。1910年，在安德森的提议下，他与辉瑞的3个儿子平分股权，拿到了25%的股份。他对公司力挽狂澜的作用，随着一战的爆发凸显出来。彼时的辉瑞公司，通过供给食品饮料、制药和纺织业柠檬酸获利。当时生产柠檬酸的柠檬主要来自意大利，但一战爆发后，海上封锁和意大利柠檬种植商的卡特尔协议（垄断联盟），让辉瑞的原料供应受到了极大的限制。好在安德森早就意识到，过于依赖原料进口的弊端。一战前，他建立的实验室，研究出了以黑面包霉菌新型发酵工艺生产柠檬酸的方法。一战原料告急时，他果断更换了工厂所有设备，改用新工艺生产。1923年，辉瑞彻底摆脱了欧洲柑橘种植商的限制，成为美国最大的柠檬酸生产厂商。1929年，它几乎垄断了市面上所有的柠檬酸生产，规模高达千万磅。1929年1月，新任贤能威廉·厄哈特接任安德森成为董事长，埃米尔·辉瑞担任总经理，安德森的儿子小安德森成为副总经理。但很快辉瑞就迎来如火山爆发般的战后经济大萧条。1931年，公司的销售额下降了27%，净收入下降了58%，很快工资发放就成为问题。为了渡过难关，埃米尔·辉瑞自掏腰包，捐出了25万美元巨款，保住了所有生产队伍。此后辉瑞公司通过用磨柱石（molasses）替代蔗糖生产柠檬酸省下了数百万美元，还通过大规模量产葡萄糖酸，成功熬过了大萧条。1936年，辉瑞成为世界领先的发酵化学公司，在葡萄糖酸和柠檬酸生产的技术经验上，开始大规模量产维生素C。1940年7月，厄哈特逝于董事长任上。次年小安德森成为总裁兼董事长，他开启了辉瑞一个崭新的时代。继任后，他说服董事会允许辉瑞的员工购买公司股票。1942年6月22日，随着辉瑞成功上市，小安德森完成了辉瑞公司从家族企业向公众公司的转化。1942年秋，辉瑞应美国政府号召，与默克、施贵宝等公司一起研究量产青霉素，但辉瑞投入了一年多，依然没有进展。公司曾研发出柠檬酸的科研人员，提出了采用生产柠檬酸的“深罐发酵”思路。但发酵设备投入巨大，公司一时犯了愁。为了快速实现量产，全体员工竟押上自己持有的价值数百万美元的辉瑞股票，买下公司附近一座闲置的制冰厂，并以预计产量的6倍生产出了青霉素。1944年诺曼底登陆一战，美军伤亡巨大，抢救伤员的青霉素90%都来自辉瑞。二战期间，辉瑞提供了盟军一半以上的青霉素，且产量和质量无人能敌。2、研发与销售青霉素虽然让辉瑞名扬四海，尝到了制药的甜头，但由于没有专利，所以众多厂商涌进来后，利润越来越低。1951年，辉瑞成功研发了自有专利的广谱抗生素——土霉素，它对包括肺炎在内的50多种疾病都有效，为辉瑞开启了全新的时代。曾经开创了医药代表模式的医生亚瑟·萨克勒，本着近十年的医生公关经验，对辉瑞的销售总监说：“只要给我足够多的预算，我能让辉瑞的名字无医不知。”公司拿出了前所未有的预算，一场铺天盖地的广告攻势开始了。亚瑟要让医生被土霉素“包围”。他在医学杂志投放了大幅彩色广告，还在美国医生都会订阅的《美国医学会杂志》里，塞进了8页的《辉瑞药谱》小册子。他甚至雇佣文案写手，假装世界各地的患者，写了几千封明信片，寄给全美国的家庭医生、儿科医生、外科医生，声称“土霉素治好了马耳他的产乳热”、“土霉素治好了澳州寇热”……明信片寄出后，亚瑟就让销售人员马不停蹄地开始面对面营销。医药代表几乎遍访所有能开处方药的医生，确保他们都收到宣传材料。此番操作，再加上药物本身的疗效，让土霉素在1952年的销售额达到了4500万美元，业务扩展到了13个国家。这场战役，对辉瑞而言至关重要。土霉素成功后，辉瑞（Pfizer）这个公司名字，彻底确定下来。公司开始扎根于制药领域，并坚定了研发的重要性。1960年，他们在美国康涅狄格州建立了全球最大的格罗顿实验室，召集了高达4000名研发人员。它成为二十世纪下半叶，辉瑞做大的关键。1982年的抗炎药吡罗昔康，1989年的冠心病心绞痛药物硝苯地平，都是这个实验室研制的。开现代医药广告先河的辉瑞，将医药营销、渠道力发挥到了极致，它坚信“研发与促进患者获得药物一样重要”。公司空前强大的全球医药代表，逐渐增长到万人以上，他们深入医院、社区，直接面对客户，销售药品同时获得患者信息。这些渠道不但将辉瑞的药品，源源不断地送出去，还形成了其它品牌难以攻克的渠道壁垒。几乎所有的三级医院和二级医院都有辉瑞的销售人员，他们通过各种学术会议、论坛、宣讲会、社区会议、名医讲座、媒体宣传等等“多渠道医学沟通”推广产品。“适当研发+一流营销=国际制药领域话语权”，成了辉瑞征战沙场的杀手锏。60年代，在医药研发上辉瑞虽然建立了实验室，但新药研发存在较长时间的瓶颈期。公司的销售额逐渐降低，加上政府管制，辉瑞在1961-1964年，开始了非相关多元化。辉瑞收购了14家非处方药和日用快消产品企业，涉及业务包括滴眼液、肥皂、护肤品、香水、剃须刀。但在日化渠道，它并没有积累出强生一样的渠道能力，迷失主业的它变得大而不强。更糟糕的是，多元化让它错失了为下一个生物技术时代，构建研发壁垒的先机。默克的乙肝疫苗，礼来的胰岛素项目大获全胜，正是因为抓住了生物技术革命的风口，但辉瑞却与之失之交臂了。80年代，辉瑞开始资产合理化、剥离无关业务，回归制药本位，并通过并购把业务拓展到了全球几乎所有的国家。但它曾经攀爬的医药高峰，却变得越来越险峻。研发之树上伸手可摘的果子，几乎消失殆尽。3、并购80年代以来，制药的内外部环境急剧变化，研发的风险和难度飙升。人类疾病的复杂性，提高了新药研制的成本跟周期，但产品要上市却困难重重。新药研发周期一般在10-15年，费用从1975年的1.38亿美元上升至2000年8.02亿美元，且在继续飙升。但能获得FDA批准的新药不断刷新历史新低。即便成功上市，10个上市的新药，平均只有3个能收回研发成本。美国的专利政策让新处方药的有效专利时间变短，医疗成本压力下药品定价趋于严格，进一步压缩了利润空间。辉瑞也难逃厄运，90年代以来，虽然投资数十亿美元搞研发，但除了抗高血压药物络活喜、抗抑郁剂郁乐复外，并没有超级重磅药出现。1994年，辉瑞在全美制药排名第六，落后于德国的赫切斯特、拜耳、英国的葛兰素和瑞士的罗氏。但它依然没有停止研发。1998年，万艾可（伟哥）上市，这个蓝色小药丸获得空前成功。据统计，在全世界，每秒钟就有4粒伟哥被患者服用。伟哥的成功，为它积累了巨大财富，成为此后其征战沙场的底气。同时，辉瑞选择利用销售优势，弥补研发风险。90年代初，它推出的抗生素希舒美，是1988年由克罗地亚的Sour Pliva公司研发的。Sour Pliva将该药品的全球生产和市场开发权，转让给了辉瑞。因为辉瑞几乎无人能敌的销售能力，甚至能让产品后来居上。辉瑞与150多家公司发展了战略合作。1997年，它又与研究机构和其它制药公司建立20多个联盟，共同开发销售合资药物研究，以辉瑞的销售能力为基点，帮助其它药企获得更大利益。辉瑞雄厚的营销网络，缔造了它敏锐的市场嗅觉，自己没有拳头产品，并购就成了走捷径的首选。90年代后期，辉瑞盯上了降脂药立普妥，它坚信自己能让它更好。公司豪掷18.38亿美元，终止了其研发公司华纳·兰伯特和美国家用产品公司的合并。2000年，它斥资900亿美元，将华纳·兰伯特收入麾下。虽然价格高昂，但立普妥竟然成为辉瑞走到制药业世界之巅的催化剂。依靠强大的渠道控制力，辉瑞说服FDA同意其将立普妥与美降之（默克公司1987年生产的降脂药）的对比实验结果，列在立普妥的说明书里。显而易见的药效对比，极具说服力。为了对医生进行“饱和式攻击”，辉瑞任命了两支队伍推广立普妥，一方面用内部赛马提升战斗力，另一方面增加医生与药的接触频率。1999年，立普妥营收达到37.95亿美元，2001年又被提升到64.49亿美元，成为全球最畅销的处方药。2004年其销售额达到108.62亿美元，成为全球首个单只销售破百亿的产品。立普妥一个药品，贡献了辉瑞两成营收，帮助公司成为美国第一，世界第二的制药企业。进入21世纪，看似顺风顺水的辉瑞，却面临诸多严峻挑战，研发上青黄不接，公司营收每况愈下。2004-2008年，其营收分别为525.16亿美元、512.98亿美元、483.7亿美元、484.2亿美元、482.96亿美元。更糟糕的是，“摇钱树”立普妥的专利，2010年3月将到期，彼时该药营收可能会锐减四成。企图接替它的新药托彻普，由于死亡率高于预期，没问世就夭折了。没有内部生长能力，就只能继续靠外部并购。曾经的竞争对手惠氏进入了它的视野。2008年，惠氏公司的抗抑郁药物宜诺斯、肠胃病药物泮托拉唑，销售额分别为39亿美元和27亿美元，全球销量最高的疫苗“沛儿”、处方药“恩利”也是其产品。它有在研药品64个，临床三期和注册阶段的药品18个，在研疫苗6个和27个生物制品。2009年，辉瑞斥资680亿美元并购惠氏，成为全球第一的药企。彼时辉瑞和惠氏的销售额分别是483亿美元和230亿美元。并购后，辉瑞从化学药巨头转型为生物制药领域巨头，终于补上了落后了近20年的功课，也为此后辉瑞在新冠疫苗上的成功奠定了基础。2019年，新冠疫情暴发，2020年11月9日，辉瑞发布了新冠疫苗的首批结果，显示其有效性超过90%。2021年，其Comirnaty疫苗生产量超30亿剂，销售额高达369亿美元，成为制药史上销售最快的药物。2021年辉瑞总销售额达813亿美元，较前一年增长95%，登顶销售王座。其研发费用高达138亿美元（营收占比17.01%）。2022年上半年，辉瑞继续高歌猛进，总营收534亿美元，同比增长60%；净利润177.69亿美元，同比增长70%，其中疫苗Comirnaty、新冠口服药物Paxlovid功不可没。2022年，新冠疫苗销售额开始下降，其第三季度营收为226.38亿美元（净利润86.08亿美元），同比降低6%，但表现依然超出了华尔街的预期。国外分析师预测，辉瑞2022年的营收可能达到1013亿美元。作为全球最大的药企，辉瑞的荣耀无人能及，但它同样遭到了很多网友的口诛笔伐。2009年，辉瑞因为营销过度夸大药品适用范围判罚23亿美元，美国司法部称它在这方面是惯犯。还有国外网友指出，其利益集团控制美国医疗行业，通过垄断供应、抬高行业门槛，通过研究基金控制研究方向，并用经济手段控制医生，从而垄断渠道攫取利润。它与医生、官员之间的一些黑暗交易，也被网友们深恶痛绝。鉴于国内外网友的指控，其一个疗程高达529美元（约3378元人民币）的“新冠特效药”Paxlovid进入上海医保的时候，引起很多网友的批评。中国网友对其抹黑中药、腐败等指责虽然真假莫辨，但市场的反应值得辉瑞细细掂量。如果一个企业在大众心目中形象非常负面时，它的巨头宝座很难长久维持。","news_type":1,"symbols_score_info":{"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":653546461,"gmtCreate":1681166140454,"gmtModify":1681166140454,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"It is sign of all in","listText":"It is sign of all in","text":"It is sign of all in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/653546461","repostId":"2326931613","repostType":4,"repost":{"id":"2326931613","kind":"highlight","pubTimestamp":1681139118,"share":"https://ttm.financial/m/news/2326931613?lang=en_US&edition=fundamental","pubTime":"2023-04-10 23:05","market":"us","language":"zh","title":"Goldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?","url":"https://stock-news.laohu8.com/highlight/detail?id=2326931613","media":"华尔街见闻","summary":"企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。","content":"<p><html><head></head><body>Enterprises' profit margins, whether to use AI to cut costs and improve operational efficiency, cut spending, and develop strategies to protect their portfolios will be the focus of this market storm.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>There are warnings that U.S. stocks will have their worst earnings season since the epidemic, but there are still four key factors that can protect investors.</p><p>On Sunday local time, a team led by Goldman Sachs chief U.S. equity strategist David Kostin said in a research report that although U.S. stocks may usher in their worst earnings season in three years, causing U.S. stocks to plummet, formulating appropriate investment strategies may help Investors protect their portfolios.</p><p>Analysts slashed their estimates as the U.S. economic outlook worsened in the first quarter. According to data compiled by FactSet, Wall Street expects the operating profit of U.S. companies to shrink by an average of 6.8% in the first quarter. If this materializes, it will mark the worst quarterly contraction in U.S. corporate profits since the third quarter of 2020.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14200df1bdec7b16de0cae7aa28f3bf5\" title=\"\" tg-width=\"1024\" tg-height=\"784\"/></p><p>Goldman Sachs believes that,<strong>First, corporate profit margins will be key.</strong>The worst inflation in 40 years is squeezing corporate profit margins. Last quarter, profit margins of S&P 500 companies fell 11.2%, beating expectations of 11.1%. For this reason, companies that have solid plans to protect their profit margins should be favored by investors.</p><p>Goldman says:</p><p>With margins expected to see their biggest quarterly contraction since the pandemic, investors will be watching which companies manage to maintain margins, and by what means. Improving pricing power, cutting costs, or implementing a stricter expense management strategy may pay off.<strong>The second point is whether enterprises are using artificial intelligence AI to cut costs and improve operational efficiency.</strong>As the rise of ChatGPT makes AI one of the most talked about investment trends in 2023,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Large technology companies such as AI have dominated the AI field, and their rising performance offset weakness in other market sectors, while pushing the Nasdaq 100 index back into bull market range.</p><p>In this way, companies can make up for weak profits and sales and use AI to their advantage, especially if AI can help improve profit margins by improving labor efficiency, Goldman Sachs said:</p><p>The gradual adoption of generative artificial intelligence by enterprises to automate work tasks and improve labor efficiency could be a new potential tailwind for profit margins.<strong>The third point is that businesses cut back on spending</strong>, this sign has begun to appear.</p><p>Goldman Sachs' share buybacks fell more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021 and remain weak, Goldman Sachs said. In addition, several leading economic indicators show that companies are cutting spending on capital projects and research and development. Therefore, investors are expected to pay close attention to any relevant signs that emerge during the earnings call.</p><p><strong>The fourth point is that investors need to develop strategies to protect their portfolios.</strong></p><p>Big tech stocks have supported the S&P 500's rally in the past, while value-oriented stocks have lagged the broader market after a stellar 2022 performance. Technically speaking, when corporate earnings shrink for two consecutive quarters, it can be called an \"earnings recession\". While earnings recessions typically coincide with broader economic downturns, this is not always the case.</p><p>Citing S&P data, Ed Yardeni, president of research firm Yardeni Research, said that historically, during recessions, S&P 500 companies have always seen earnings per share decline. But things could be different this time, and corporate earnings could fall in the absence of a full-blown recession.</p><p>Regardless of the overall economic situation, there are still expectations that weak corporate results could push the S&P 500 back to its lows in October last year, when it fell below 3,600.</p><p>Phil Orlando, chief stock market strategist at Federated Hermes, advocates a defensive investment strategy, focusing on lower-priced value stocks, small-cap stocks and international stocks, as well as industries with lower risk and higher Dividend yields. \"We still like cash and U.S. debt\".</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs: The bad earnings season for U.S. stocks is coming, what should investors pay attention to?\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\">2023-04-10 23:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Enterprises' profit margins, whether to use AI to cut costs and improve operational efficiency, cut spending, and develop strategies to protect their portfolios will be the focus of this market storm.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>There are warnings that U.S. stocks will have their worst earnings season since the epidemic, but there are still four key factors that can protect investors.</p><p>On Sunday local time, a team led by Goldman Sachs chief U.S. equity strategist David Kostin said in a research report that although U.S. stocks may usher in their worst earnings season in three years, causing U.S. stocks to plummet, formulating appropriate investment strategies may help Investors protect their portfolios.</p><p>Analysts slashed their estimates as the U.S. economic outlook worsened in the first quarter. According to data compiled by FactSet, Wall Street expects the operating profit of U.S. companies to shrink by an average of 6.8% in the first quarter. If this materializes, it will mark the worst quarterly contraction in U.S. corporate profits since the third quarter of 2020.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14200df1bdec7b16de0cae7aa28f3bf5\" title=\"\" tg-width=\"1024\" tg-height=\"784\"/></p><p>Goldman Sachs believes that,<strong>First, corporate profit margins will be key.</strong>The worst inflation in 40 years is squeezing corporate profit margins. Last quarter, profit margins of S&P 500 companies fell 11.2%, beating expectations of 11.1%. For this reason, companies that have solid plans to protect their profit margins should be favored by investors.</p><p>Goldman says:</p><p>With margins expected to see their biggest quarterly contraction since the pandemic, investors will be watching which companies manage to maintain margins, and by what means. Improving pricing power, cutting costs, or implementing a stricter expense management strategy may pay off.<strong>The second point is whether enterprises are using artificial intelligence AI to cut costs and improve operational efficiency.</strong>As the rise of ChatGPT makes AI one of the most talked about investment trends in 2023,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Parent company Alphabet,<a href=\"https://laohu8.com/S/GOOG\">Google</a>And<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Large technology companies such as AI have dominated the AI field, and their rising performance offset weakness in other market sectors, while pushing the Nasdaq 100 index back into bull market range.</p><p>In this way, companies can make up for weak profits and sales and use AI to their advantage, especially if AI can help improve profit margins by improving labor efficiency, Goldman Sachs said:</p><p>The gradual adoption of generative artificial intelligence by enterprises to automate work tasks and improve labor efficiency could be a new potential tailwind for profit margins.<strong>The third point is that businesses cut back on spending</strong>, this sign has begun to appear.</p><p>Goldman Sachs' share buybacks fell more than 20% in the fourth quarter of last year compared to the fourth quarter of 2021 and remain weak, Goldman Sachs said. In addition, several leading economic indicators show that companies are cutting spending on capital projects and research and development. Therefore, investors are expected to pay close attention to any relevant signs that emerge during the earnings call.</p><p><strong>The fourth point is that investors need to develop strategies to protect their portfolios.</strong></p><p>Big tech stocks have supported the S&P 500's rally in the past, while value-oriented stocks have lagged the broader market after a stellar 2022 performance. Technically speaking, when corporate earnings shrink for two consecutive quarters, it can be called an \"earnings recession\". While earnings recessions typically coincide with broader economic downturns, this is not always the case.</p><p>Citing S&P data, Ed Yardeni, president of research firm Yardeni Research, said that historically, during recessions, S&P 500 companies have always seen earnings per share decline. But things could be different this time, and corporate earnings could fall in the absence of a full-blown recession.</p><p>Regardless of the overall economic situation, there are still expectations that weak corporate results could push the S&P 500 back to its lows in October last year, when it fell below 3,600.</p><p>Phil Orlando, chief stock market strategist at Federated Hermes, advocates a defensive investment strategy, focusing on lower-priced value stocks, small-cap stocks and international stocks, as well as industries with lower risk and higher Dividend yields. \"We still like cash and U.S. debt\".</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3686124\">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/c071f2ab0c6974c2d1c9c1f5115fb3fc","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://wallstreetcn.com/articles/3686124","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326931613","content_text":"企业的利润率、是否利用AI来削减成本和提高运营效率、削减支出，以及制定保护自己投资组合的策略将是这场市场风暴中的焦点。高盛警告称，美股将出现自疫情以来最糟糕的财报季，但仍有四个关键因素可以保护投资者的利益。当地时间周日，高盛首席美国股票策略师 David Kostin 带领的团队在研报中表示，尽管美股可能迎来3年以来的最糟糕财报季，导致美股暴跌，但制定适宜的投资策略可能有助于投资者保护自己的投资组合。随着美国第一季度经济前景恶化，分析师大幅下调了他们的预期。根据 FactSet 汇编的数据，华尔街预计，美国企业一季度的营业利润将平均萎缩6.8%。如果这成为现实，将标志着美国企业利润自2020年第三季度以来最严重的季度收缩。高盛认为，首先，企业利润率将是关键。40年来最严重的通胀正在挤压企业的利润率。上个季度，标普500指数成分股公司的利润率下降了11.2%，超过了预期的11.1%。正因如此，那些有可靠计划保护其利润率的公司应该会得到投资者的青睐。高盛表示：由于利润率预计将出现疫情以来最大的季度萎缩，投资者将关注哪些公司设法保持利润率，以及通过什么方式保持利润率。 提高定价能力、削减成本或实行更严格的费用管理战略可能会获得回报。第二点是企业是否在利用人工智能AI来削减成本和提高运营效率。由于ChatGPT的兴起使AI成为2023年最受关注的投资趋势之一，微软母公司Alphabet、谷歌和英伟达等大型科技公司在AI领域占据了主导地位，其业绩上涨抵消了其他市场板块的疲软，同时推动纳斯达克100指数重回牛市区间。高盛表示，通过这种方式，企业能够弥补利润和销售的疲软，并利用AI来发挥自己的优势，尤其是如果AI能够通过提高劳动效率来帮助提高利润率：企业逐渐采用生成式人工智能来使工作任务自动化，提高劳动效率，这可能是利润率的一个新的潜在利好因素。第三点是企业削减支出，这一迹象已经开始显现。高盛表示，与2021年第四季度相比，去年第四季度高盛的股票回购下降了20%以上，仍然处于疲软状态。此外，几项领先的经济指标显示，企业正在削减资本项目和研发方面的支出。因此，预计投资者将密切关注财报电话会中出现的任何相关迹象。第四点是投资者需要制定保护自己投资组合的策略。过去，大型科技股一直支撑着标普500指数的涨势，而以价值为导向的股票在2022年表现出色后却落后于大盘。从技术上讲，当企业盈利连续两个季度萎缩时，就可以称之为“盈利衰退”。 虽然盈利衰退通常与更广泛的经济衰退同时出现，但情况并非总是如此。研究公司 Yardeni Research 总裁 Ed Yardeni 引用标准普尔的数据表示，从历史上看，在经济衰退期间，标普500指数成分股公司的每股收益总是会下降。但这一次情况可能有所不同，在没有出现经济全面衰退的情况下，企业盈利就可能会下降。无论整体经济形势如何，仍有人预计疲软的企业业绩可能推动标普500指数回落至去年10月的低点，当时该指数跌破了3600点。Federated Hermes 首席股市策略师 Phil Orlando 主张采取防御型的投资策略，重点关注价格较低的价值股、小盘股和国际股，以及具有较低风险和较高股息收益率的行业，“我们仍喜欢现金和美债”。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":653614216,"gmtCreate":1680825060837,"gmtModify":1680825060837,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"How next MaYuns are？","listText":"How next MaYuns are？","text":"How next MaYuns are？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/653614216","repostId":"1182296461","repostType":4,"repost":{"id":"1182296461","kind":"news","pubTimestamp":1680787547,"share":"https://ttm.financial/m/news/1182296461?lang=en_US&edition=fundamental","pubTime":"2023-04-06 21:25","market":"hk","language":"zh","title":"Li Bin wants to be the next Liu Qiangdong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1182296461","media":"华尔街见闻","summary":"蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。","content":"<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still like gambling so much, making great efforts and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio's third-generation battery swap station made its debut. This is a big killer that distinguishes it from its peers and an important bargaining chip for betting on the future.<br/><br/>The number of battery warehouses in the new battery swap station has increased from 13 to 21, and the single-day site service capacity is 30% higher than that of the second-generation station; The battery replacement time is shortened to less than 5 minutes; Some third-generation stations will also be equipped with lidar and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have smart driving configurations.<br/><br/>And the \"smart\" Nio also laid out supercharging piles and battery swap stations together. According to Shen Fei, senior vice president of Nio Energy, the integrated charging and swapping station is equivalent to one investment in the high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most amazing thing. Nio's ambition is reflected in the number of installations. This year, about 1,000 third-generation power swap stations will be built across the country, of which about 600 will be deployed in urban areas, and some will be built in third-and fourth-tier cities.<br/><br/>You know, after NIO deployed its first battery swap station in 2018, there are only more than 1,300 existing stations, and the construction of 1,000 new stations is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swap stations will inevitably lead to doubts from investors for a car company that is still losing money.<br/><br/>In the fourth quarter of 2022, Nio's gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio's net loss in the quarter also climbed to 5.786 billion yuan, nearly doubling year-on-year.<br/><br/>But Shen Pei bluntly said that the battery swap station will definitely not take the blame for this (loss), and the value created by battery swap is very great.<br/><br/>The value he talks about is users and sales.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one who gambles heavily on battery swapping. It is Li Bin's creed to build cars and power stations together, and to attract more users through services such as battery swapping.<br/><br/>In the early days, Nio built a moat with the ultimate user experience by replacing batteries for free. To this day, Nio still insists on the model of replacing batteries.<br/><br/>According to Shen Fei, at present, more than half of the power used by Nio car owners to replenish energy comes from battery swaps, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio's style of play is a bit like JD.com back then.<br/><br/>In the field of e-commerce, JD.com also insisted on self-operation and self-built logistics with heavy money. Because Liu Qiangdong discovered the pain point of demand, he wanted to provide high-quality and fast-delivery goods.<br/><br/>For a long time, JD.com, whose profits were dragged down by self-construction, was questioned, but in the end JD.com's model succeeded and gained a firm foothold in the industry.<br/><br/>The self-operated model has also made Liu Qiangdong another e-commerce giant that no one can surpass after Ali Taobao.<br/><br/>Nio insists on building its own battery swap stations. Once scale barriers are formed and user habits are cultivated, it is equivalent to delineating and locking some heavy users. Car owners' replacement or word-of-mouth communication will contribute to Nio's sales and further consolidate its market share.<br/><br/>From the perspective of user experience, except that there are not so many sites, battery replacement is almost the only energy replenishment method that can be compared with the refueling efficiency of fuel vehicles.<br/><br/>But the problem is that in the case of continuous losses, heavy investment in battery replacement and sales growth must strike a balance, otherwise Nio will not be able to support it for a long time.<br/><br/>According to the conservative estimate of 2 million yuan for the construction cost of a single station for 1,000 new battery swap stations in Nio this year, it will require at least 2 billion yuan, which does not include operating costs.<br/><br/>For Nio, who currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to the sales volume, it will kill the patience of investors.<br/><br/>At the performance meeting, Li Bin, chairman of Nio, set a lot of FLAGs. In addition to achieving the annual sales target of 240,000 units, Nio will also achieve breakeven in Q4 this year.<br/><br/>Nio, who gambles heavily on battery replacement, is a bold alternative among the new forces.<br/><br/>Li Bin also admitted that friends and businessmen have a lot of confusion and are faced with very difficult choices. \"Nio is a startup company, and it is not qualified to stop and think too much. While ensuring that business risks are controllable and efficiency is improved, we still believe that we must resolutely invest in long-term and final victory.\"<br/><br/>Standing at the moment, no one can know whether Li Bin's choice is right or wrong. Whether Nio wins or loses this gamble can only be tested by time.</p><p></body></html></p>","source":"live_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Bin wants to be the next Liu Qiangdong?</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\">\nLi Bin wants to be the next Liu Qiangdong?\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\">2023-04-06 21:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author | Chai Xuchen</p><p>Nio and Li Bin still like gambling so much, making great efforts and spending a lot of money to fight for their own future.<br/><br/>On March 28, Nio's third-generation battery swap station made its debut. This is a big killer that distinguishes it from its peers and an important bargaining chip for betting on the future.<br/><br/>The number of battery warehouses in the new battery swap station has increased from 13 to 21, and the single-day site service capacity is 30% higher than that of the second-generation station; The battery replacement time is shortened to less than 5 minutes; Some third-generation stations will also be equipped with lidar and Nvidia chips, which will be provided to sub-brand models such as Alps that do not have smart driving configurations.<br/><br/>And the \"smart\" Nio also laid out supercharging piles and battery swap stations together. According to Shen Fei, senior vice president of Nio Energy, the integrated charging and swapping station is equivalent to one investment in the high-voltage system, which is used for both battery swapping and charging.<br/><br/>The configuration is not the most amazing thing. Nio's ambition is reflected in the number of installations. This year, about 1,000 third-generation power swap stations will be built across the country, of which about 600 will be deployed in urban areas, and some will be built in third-and fourth-tier cities.<br/><br/>You know, after NIO deployed its first battery swap station in 2018, there are only more than 1,300 existing stations, and the construction of 1,000 new stations is equivalent to doubling the number this year.<br/><br/>However, the strategy of building a large number of battery swap stations will inevitably lead to doubts from investors for a car company that is still losing money.<br/><br/>In the fourth quarter of 2022, Nio's gross profit margin plummeted to 3.9%, and it was only 10.4% for the whole year. Nio's net loss in the quarter also climbed to 5.786 billion yuan, nearly doubling year-on-year.<br/><br/>But Shen Pei bluntly said that the battery swap station will definitely not take the blame for this (loss), and the value created by battery swap is very great.<br/><br/>The value he talks about is users and sales.<br/><br/>Among the heavyweight players in the new energy industry, Nio has always been the one who gambles heavily on battery swapping. It is Li Bin's creed to build cars and power stations together, and to attract more users through services such as battery swapping.<br/><br/>In the early days, Nio built a moat with the ultimate user experience by replacing batteries for free. To this day, Nio still insists on the model of replacing batteries.<br/><br/>According to Shen Fei, at present, more than half of the power used by Nio car owners to replenish energy comes from battery swaps, and the proportion is still rising.<br/><br/>From the perspective of user service and infrastructure, Nio's style of play is a bit like JD.com back then.<br/><br/>In the field of e-commerce, JD.com also insisted on self-operation and self-built logistics with heavy money. Because Liu Qiangdong discovered the pain point of demand, he wanted to provide high-quality and fast-delivery goods.<br/><br/>For a long time, JD.com, whose profits were dragged down by self-construction, was questioned, but in the end JD.com's model succeeded and gained a firm foothold in the industry.<br/><br/>The self-operated model has also made Liu Qiangdong another e-commerce giant that no one can surpass after Ali Taobao.<br/><br/>Nio insists on building its own battery swap stations. Once scale barriers are formed and user habits are cultivated, it is equivalent to delineating and locking some heavy users. Car owners' replacement or word-of-mouth communication will contribute to Nio's sales and further consolidate its market share.<br/><br/>From the perspective of user experience, except that there are not so many sites, battery replacement is almost the only energy replenishment method that can be compared with the refueling efficiency of fuel vehicles.<br/><br/>But the problem is that in the case of continuous losses, heavy investment in battery replacement and sales growth must strike a balance, otherwise Nio will not be able to support it for a long time.<br/><br/>According to the conservative estimate of 2 million yuan for the construction cost of a single station for 1,000 new battery swap stations in Nio this year, it will require at least 2 billion yuan, which does not include operating costs.<br/><br/>For Nio, who currently holds 45.5 billion yuan in cash, survival may no longer be a problem, but if the real money spent is not proportional to the sales volume, it will kill the patience of investors.<br/><br/>At the performance meeting, Li Bin, chairman of Nio, set a lot of FLAGs. In addition to achieving the annual sales target of 240,000 units, Nio will also achieve breakeven in Q4 this year.<br/><br/>Nio, who gambles heavily on battery replacement, is a bold alternative among the new forces.<br/><br/>Li Bin also admitted that friends and businessmen have a lot of confusion and are faced with very difficult choices. \"Nio is a startup company, and it is not qualified to stop and think too much. While ensuring that business risks are controllable and efficiency is improved, we still believe that we must resolutely invest in long-term and final victory.\"<br/><br/>Standing at the moment, no one can know whether Li Bin's choice is right or wrong. Whether Nio wins or loses this gamble can only be tested by time.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3685870\">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/e9ded59d3040de65d574da08b6c4ab73","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://wallstreetcn.com/articles/3685870","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1182296461","content_text":"作者 | 柴旭晨蔚来和李斌还是那么喜欢赌，下大力气、花大价钱去搏一个自己的未来。3月28日，蔚来第三代换电站首次亮相，这是它区别于同行的大杀器，也是豪赌未来的重要筹码。新的换电站电池仓位数由13个增至21个，单日站点服务能力比二代站高出三成；换电时间缩短至5分钟以内；部分三代站还会装上激光雷达和英伟达的芯片，提供给没有智驾配置的阿尔卑斯等子品牌车型使用。并且“精明”的蔚来还把超充桩和换电站布局在了一起。按照蔚来能源高级副总裁沈斐的说法，充换一体站相当于高压系统投资一次，同时用在换电跟充电。配置还不是最惊人的地方，蔚来的野心体现在铺设的数量上，今年要在全国新建约1000个三代换电站，其中约600座会部署在城区，部分将建在三四线城市。要知道，蔚来自2018年布下首个换电站后，现有的站点也就1300余个，新建1000个相当于今年要翻个倍。然而大量建换电站的策略，对于一家仍在亏损的车企而言，难免招致投资者的质疑。2022年四季度，蔚来的毛利率骤降至 3.9%，全年也仅为10.4%。当季蔚来的净亏损也攀升至57.86 亿元，同比翻了近2倍。但沈裴对此直言，换电站肯定不背这个（亏损）锅，换电创造的价值非常大。他所说的价值就是用户与销量。在新能源产业各个重量级选手中，蔚来一直是豪赌换电的那个，造车与建电站共进，通过换电等服务吸引更多用户，是李斌的信条。早期的蔚来，通过免费换电池，用极致的用户体验建立起了护城河，至今蔚来仍坚持换电这一模式。据沈斐透露，目前蔚来车主补能的电量，有过半都来自换电，并且占比还在不断上升。从用户服务和基建的角度，蔚来的这种打法，有点像当年的京东。在电商领域，京东当年也是坚持自营、重金自建物流。因为刘强东发现了需求痛点，要提供高品质、快速送达的商品。在很长一段时间内，被自建拖累了利润的京东备受质疑，不过最后京东的模式成功了，在业内站稳了脚跟。自营模式也成就了刘强东，成为继阿里淘宝之后又一个没人能超越的电商巨头。蔚来坚持自建换电站，一旦形成规模壁垒，培养了用户习惯，就相当于圈定、锁住了一部分重度用户，车主们换购或者口碑传播，都将给蔚来的销量添砖加瓦，进一步巩固它的市场份额。从用户体验角度出发，除了站点没那么多之外，换电几乎是当下唯一可以与燃油车加油效率相提并论的补能方式。但问题是，在持续亏损的情况下，重金投入换电与销量增长必须取得平衡，否则蔚来无法长期支撑。按照蔚来今年 1000 座新增换电站，单站建设成本 200 万元的保守数字估计，至少需要 20 亿元，这还没算运营成本。对于目前手握 455 亿元现金的蔚来而言，生存或许不再是问题，可花出去的真金白银与销量不成正比的话，却会消磨投资人的耐心。业绩会上，蔚来董事长李斌立了不少FLAG，除了要实现24万台年销目标外，蔚来还要在今年Q4实现盈亏平衡。豪赌换电的蔚来，是新势力中胆大的另类。李斌也坦言，友商同行都有很多困惑，面临非常难的抉择。“蔚来是一家创业公司，没有资格停下来想太多。我们在确保经营风险可控、提升效率的同时，还是认为要坚决为长期的、最后的胜出去投入。”站在当下，没有人能知道李斌的选择是对是错。蔚来的这场赌局胜还是败，只能交给时间去检验。","news_type":1,"symbols_score_info":{"09866":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":624908980,"gmtCreate":1676977838441,"gmtModify":1676977838441,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"so？","listText":"so？","text":"so？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624908980","repostId":"1129103721","repostType":4,"repost":{"id":"1129103721","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":1676975735,"share":"https://ttm.financial/m/news/1129103721?lang=en_US&edition=fundamental","pubTime":"2023-02-21 18:35","market":"us","language":"zh","title":"Faraday Future expands pre-market gains and plans to start production of FF 91 on March 30","url":"https://stock-news.laohu8.com/highlight/detail?id=1129103721","media":"老虎资讯综合","summary":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","content":"<p><html><head></head><body>On Tuesday, Faraday Future's U.S. stocks continued to rise before the market opened, with an increase of more than 13% as of press time. Faraday Future announced on its official website that it plans to start production of FF 91 Futurist on March 30 after the company's investors' funds are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Faraday Future expands pre-market gains and plans to start production of FF 91 on March 30</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\">\nFaraday Future expands pre-market gains and plans to start production of FF 91 on March 30\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\">2023-02-21 18:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On Tuesday, Faraday Future's U.S. stocks continued to rise before the market opened, with an increase of more than 13% as of press time. Faraday Future announced on its official website that it plans to start production of FF 91 Futurist on March 30 after the company's investors' funds are in place as scheduled.</p><p><img src=\"https://static.tigerbbs.com/7354650e5c37764b6f65a5da05173dfb\" tg-width=\"449\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da02b327d14fbb528d302ef2b9995bf1","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129103721","content_text":"周二，法拉第未来美股盘前持续走高，截至发稿涨幅超13%。法拉第未来于官网发布公告称，在公司投资人的资金如期到位后，计划于3月30日开始生产FF 91 Futurist。","news_type":1,"symbols_score_info":{"FFIE":0.9}},"isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625557717,"gmtCreate":1676602825240,"gmtModify":1676602825240,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"clear","listText":"clear","text":"clear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625557717","repostId":"2312942929","repostType":4,"repost":{"id":"2312942929","kind":"highlight","pubTimestamp":1676595823,"share":"https://ttm.financial/m/news/2312942929?lang=en_US&edition=fundamental","pubTime":"2023-02-17 09:03","market":"hk","language":"zh","title":"Wang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel","url":"https://stock-news.laohu8.com/highlight/detail?id=2312942929","media":"华尔街见闻","summary":"美股投资重现江湖","content":"<p><html><head></head><body>U.S. stock investment has reappeared Wang Yawei, the former boss of the public offering industry and the \"fund brother\", who has been low-key in the A-share market for many years.</p><p>Who would have thought that he would \"blossom and bear fruit\" in US stock investment.</p><p>According to the latest US SEC announcement, Wang Yawei's hedge fund TOP ACE AM has recently made a big attack on the US stock market, taking heavy positions in overseas steel and coal stocks, and also getting involved in investing in virtual currency companies.</p><p>This kind of investment not only refreshed the \"expectation\" of Wang Yawei in the industry, but also made the outside world interested in Wang Yawei's private equity career.</p><p>Although the first brother is no longer in the \"Jianghu\" of public offering, the \"legend\" of his brother comes from the other side.</p><p><b>Already laid out</b></p><p>Wang Yawei's voice has been particularly low in recent years, which makes people mistakenly think that he and his Qianhe investment are no longer brave.</p><p>But in fact, his investment layout and intentions are quite far-reaching.</p><p>As early as 2012, Wang Yawei's \"first year of running private\", he also established a hedge fund in Hong Kong TOP ACE ASSET MANAGEMENT.</p><p>At that time, it was pointed out that Wang Yawei was \"ambitious\" in offshore investment, and the moral of TOP ACE was \"TOP ACE\".</p><p>However, Wang Yawei \"showed his cards\" very rarely. The last time this hedge fund exposed its investment was in 2016. At that time, Lao Wang's top heavyweight stocks had many new energy stocks!</p><p><b>This sense of investment is staggering now.</b></p><p><b>Overseas investment nearly one billion</b></p><p>Since 2016, Wang Yawei's overseas investment has disappeared, and it has been six years since he reappeared.</p><p>A few days ago, Wang Yawei once again appeared in the US market, aiming at a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed the details of its positions at the end of last year. The disclosure document shows:<b>The market value of TOP ACE Asset Management's latest US stock holdings reached US $136 million, close to one billion yuan.</b></p><p>This hedge fund holds 40 U.S. stocks, and the total market value of the top ten holdings accounts for 68% of the total market value of the holdings, which is highly concentrated.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attack \"old assets\"</b></p><p>Specifically, the top six heavyweights of TOP ACE asset management companies are all steel and coal stocks.</p><p>Obviously, Wang Yawei is determined to \"bargain-hunting\" ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's layout is as follows:</p><p>The number one holding is<b>ALPHA METALLURGICAL RESOURCE</b>, owns a number of large local coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock's stock price has doubled in the past year, and its latest P/E is 2.16 times. (Data source is a third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>, is also a metallurgical and coking coal producer. The company claims to provide coking coal and thermal coal to the world. The latest P/E is 2.98 times, an increase of 50% in the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">United States Steel</a>company</b>（<b>UNITED STATES STL CORP</b>), the company founded by the famous steel king Carnegie Andrew Carnegie. The latest P/E is 3.25 times, an increase of 20% in the past year.</p><p>Since then, the fourth to sixth largest holdings are:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Company (ALCOA CORP),</b></p><p><b>PEABODY ENERGY CORP, an important coal company in the United States and Australia.</b></p><p>The common characteristics of the above-mentioned companies are extremely low valuations and distinct main businesses.</p><p><b>By the way, layout \"new assets\"</b></p><p>Starting from the seventh largest holding stock, Wang Yawei's position portfolio began to \"fly\", and various investment directions appeared.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>, this is an Australian mining company whose main business is mining lithium ore.</p><p>The eighth largest holding is Chinese concept stocks<b>Fog Core Technology</b>, e-cigarette companies, and are also rare Chinese concept stocks in Wang Yawei's bottom-hunting US stocks.</p><p>The ninth largest holding is the leading car rental company in the United States<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying low-valued coal mines and steel, Wang Yawei made bets on new energy, overseas consumption, e-cigarettes and virtual currencies.</b></p><p>In addition, although Wang Yawei bought 40 domestic companies in the United States, there are few familiar \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the position, \"only\" one big-name company is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This must also be highly concerned by the market. Zishitang pieced together some information about Wang Yawei's overseas team through public information.</p><p>Public information shows: The signatory of TOP ACE in the US disclosure document is \"Siu Wah CHUNG\", that is, Zhong Zhaohua, who joined TOP ACE Asset Management Company in 2015.</p><p>In addition, the team members include Zhang Yongkang, Xu Baizhi, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, etc.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry information also shows that Zhong Zhaohua, or the chief investment officer of TOPACE, worked at Citibank in the early days.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel</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\">\nWang Yawei's \"going to the United States to buy the bottom\" exposure: digging local coal and smelting local steel\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\">2023-02-17 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stock investment has reappeared Wang Yawei, the former boss of the public offering industry and the \"fund brother\", who has been low-key in the A-share market for many years.</p><p>Who would have thought that he would \"blossom and bear fruit\" in US stock investment.</p><p>According to the latest US SEC announcement, Wang Yawei's hedge fund TOP ACE AM has recently made a big attack on the US stock market, taking heavy positions in overseas steel and coal stocks, and also getting involved in investing in virtual currency companies.</p><p>This kind of investment not only refreshed the \"expectation\" of Wang Yawei in the industry, but also made the outside world interested in Wang Yawei's private equity career.</p><p>Although the first brother is no longer in the \"Jianghu\" of public offering, the \"legend\" of his brother comes from the other side.</p><p><b>Already laid out</b></p><p>Wang Yawei's voice has been particularly low in recent years, which makes people mistakenly think that he and his Qianhe investment are no longer brave.</p><p>But in fact, his investment layout and intentions are quite far-reaching.</p><p>As early as 2012, Wang Yawei's \"first year of running private\", he also established a hedge fund in Hong Kong TOP ACE ASSET MANAGEMENT.</p><p>At that time, it was pointed out that Wang Yawei was \"ambitious\" in offshore investment, and the moral of TOP ACE was \"TOP ACE\".</p><p>However, Wang Yawei \"showed his cards\" very rarely. The last time this hedge fund exposed its investment was in 2016. At that time, Lao Wang's top heavyweight stocks had many new energy stocks!</p><p><b>This sense of investment is staggering now.</b></p><p><b>Overseas investment nearly one billion</b></p><p>Since 2016, Wang Yawei's overseas investment has disappeared, and it has been six years since he reappeared.</p><p>A few days ago, Wang Yawei once again appeared in the US market, aiming at a number of \"old assets\".</p><p>According to relevant announcements, TOP ACE recently disclosed the details of its positions at the end of last year. The disclosure document shows:<b>The market value of TOP ACE Asset Management's latest US stock holdings reached US $136 million, close to one billion yuan.</b></p><p>This hedge fund holds 40 U.S. stocks, and the total market value of the top ten holdings accounts for 68% of the total market value of the holdings, which is highly concentrated.<img src=\"https://static.tigerbbs.com/b0f6a89e705f7bf410cec681ea2cadda\" tg-width=\"865\" tg-height=\"398\" referrerpolicy=\"no-referrer\"/></p><p><b>Attack \"old assets\"</b></p><p>Specifically, the top six heavyweights of TOP ACE asset management companies are all steel and coal stocks.</p><p>Obviously, Wang Yawei is determined to \"bargain-hunting\" ferrous metal and ore resources overseas.</p><p>Specifically, Wang Yawei's layout is as follows:</p><p>The number one holding is<b>ALPHA METALLURGICAL RESOURCE</b>, owns a number of large local coal mines in the United States, mainly producing coking coal for steel companies and thermal coal for power generation. The stock's stock price has doubled in the past year, and its latest P/E is 2.16 times. (Data source is a third party, not proofread, the same below)<img src=\"https://static.tigerbbs.com/ba93268cab29a5619a78e147c572dc0c\" tg-width=\"865\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Second largest holding<b>ARCH RESOURCES</b>, is also a metallurgical and coking coal producer. The company claims to provide coking coal and thermal coal to the world. The latest P/E is 2.98 times, an increase of 50% in the past year.</p><p>The third largest holding is<b><a href=\"https://laohu8.com/S/X\">United States Steel</a>company</b>（<b>UNITED STATES STL CORP</b>), the company founded by the famous steel king Carnegie Andrew Carnegie. The latest P/E is 3.25 times, an increase of 20% in the past year.</p><p>Since then, the fourth to sixth largest holdings are:</p><p><b>Global steel giant ARCELORMITTAL,</b></p><p><b>The world's third largest aluminum producer<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Company (ALCOA CORP),</b></p><p><b>PEABODY ENERGY CORP, an important coal company in the United States and Australia.</b></p><p>The common characteristics of the above-mentioned companies are extremely low valuations and distinct main businesses.</p><p><b>By the way, layout \"new assets\"</b></p><p>Starting from the seventh largest holding stock, Wang Yawei's position portfolio began to \"fly\", and various investment directions appeared.</p><p>For example, the seventh largest holding<b>Piedmont Lithium Mining Company (<a href=\"https://laohu8.com/S/PLL.AU\">Piedmont Lithium</a>）</b>, this is an Australian mining company whose main business is mining lithium ore.</p><p>The eighth largest holding is Chinese concept stocks<b>Fog Core Technology</b>, e-cigarette companies, and are also rare Chinese concept stocks in Wang Yawei's bottom-hunting US stocks.</p><p>The ninth largest holding is the leading car rental company in the United States<b><a href=\"https://laohu8.com/S/CAR\">Avis</a>Avis Budget</b>。</p><p>The tenth largest holding is a<b>Cryptocurrency exchanges</b>。</p><p><b>After firmly buying low-valued coal mines and steel, Wang Yawei made bets on new energy, overseas consumption, e-cigarettes and virtual currencies.</b></p><p>In addition, although Wang Yawei bought 40 domestic companies in the United States, there are few familiar \"big-name companies\".<a href=\"https://laohu8.com/S/AAPL\">Apple</a>, Facebook,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Not in the position, \"only\" one big-name company is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p><b>Overseas team lineup</b></p><p>How are these companies invested and managed?</p><p>This must also be highly concerned by the market. Zishitang pieced together some information about Wang Yawei's overseas team through public information.</p><p>Public information shows: The signatory of TOP ACE in the US disclosure document is \"Siu Wah CHUNG\", that is, Zhong Zhaohua, who joined TOP ACE Asset Management Company in 2015.</p><p>In addition, the team members include Zhang Yongkang, Xu Baizhi, Luo Yiwen, Deng Zhengxing, Wang Yawei, Wang Jiahui, Yang Junxian, etc.</p><p>Among them, those with management functions are Wang Yawei, Zhang Yongkang, Zhong Zhaohua and Yang Junxian.<img src=\"https://static.tigerbbs.com/650c3789e971bf63d6b2efa3c4cd6895\" tg-width=\"865\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>Industry information also shows that Zhong Zhaohua, or the chief investment officer of TOPACE, worked at Citibank in the early days.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682131\">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/fc971725263c2b592c0a61596e6e30ad","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3682131","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312942929","content_text":"美股投资重现江湖公募业曾经的大佬、“基金一哥”王亚伟，在A股市场上已经低调多年。谁又能想到，他在美股投资上却“开花结果”。根据最新的美国SEC公告，王亚伟旗下的对冲基金金TOP ACE AM,最新在美股大举出击，重仓出击海外的钢铁和煤炭股，此外亦涉足虚拟币类公司投资。这样的投资手笔，不仅刷新了业内对王亚伟的“预期”，亦让外界对“雾里看花”的王亚伟私募生涯兴趣顿生。一哥虽已不在公募的“江湖”，但隔岸却传来的哥的“传说”。早有布局王亚伟近年的声量格外低沉，让人误以为他和他的千合投资已不复当年盛勇。但其实，他在投资上的布局和用心相当深远。早在2012年，王亚伟的“奔私元年”，他就同时在香港了成立对冲基金TOP ACE ASSET MANAGEMENT。当时就有人指出，王亚伟对离岸投资“雄心勃勃”，TOP ACE的寓意是“顶级王牌”。然而，王亚伟“亮牌”的次数极少，上一次这家对冲基金曝光投资是2016年，其时，老王的前几大重仓股有多只新能源股！这份投资嗅觉，如今回看令人咋舌。海外投资近十亿自2016年后，王亚伟的海外投资就不见“踪迹”，再次现身已是六年后。日前，王亚伟再次现身美国市场，瞄准的却是一批“旧资产”。根据相关公告，TOP ACE日前披露了去年末的持仓明细。披露文件显示：TOP ACE资管最新美股持仓市值达到1.36亿美元，接近十亿人民币。这家对冲基金持有40只美国股票，位列前十大持仓的股票总市值占总持仓市值的68%，集中度较高。出击“旧资产”具体来看，TOP ACE资管公司的前六大权重股，均为钢铁和煤炭股。显然，王亚伟铁了心要在海外“抄底”黑色金属和矿石资源。具体来看，王亚伟的布局如下：头号重仓股是ALPHA METALLURGICAL RESOURCE，拥有多个美国当地的大型煤矿，主要生产钢铁企业用的焦煤，和发电用的动力煤。该股过去一年股价翻倍，最新市盈率2.16倍。（数据来源第三方，未校对，下同）第二大重仓股ARCH RESOURCES，也是一家冶金和炼焦煤生产商，公司号称向全球提供焦煤和动力煤。最新市盈率2.98倍，过去一年涨幅50%。第三大重仓股是美国钢铁公司（UNITED STATES STL CORP），就是那个著名钢铁大王卡内基安德鲁·卡内基创办的公司。最新市盈率3.25倍，过去一年涨幅20%。此后的第四~第六大重仓股分别是：全球钢铁巨头安塞乐米塔尔（ARCELORMITTAL）、全球第三大铝材生产商美国铝业公司（ALCOA CORP）、美澳的重要煤炭公司皮博迪能源公司（PEABODY ENERGY CORP）。上述公司的共同特点是估值极低，主业鲜明。顺带布局“新资产”从第七大重仓股开始，王亚伟的持仓组合开始“放飞”，出现各种投资的方向。比如第七大重仓股皮埃蒙特锂矿公司（Piedmont Lithium），这是一家澳大利亚矿业公司，主业是开采锂矿。第八大重仓股是中概股雾芯科技，电子烟企业，也是王亚伟抄底美股中少见的中概股。第九大重仓股美国汽车租赁的龙头公司安飞士百捷（Avis Budget）。第十大重仓股是一家加密货币交易所。在坚定抄底低估值煤矿和钢铁后，王亚伟顺带着在新能源、海外消费、电子烟和虚拟货币里下了注。此外，尽管王亚伟买入40家美国本土公司，但少见耳熟能详的“大牌公司”，苹果、脸书、亚马逊、微软并不在持仓中，“仅”有的一家大牌公司是特斯拉。海外团队阵容这批公司是如何投资管理的？这想必也是市场高度关心的，资事堂通过公开信息拼凑出王亚伟海外团队的些许情况。公开信息显示：TOP ACE在美国披露文件中的签字人为“Siu Wah CHUNG”，即钟兆华，2015年加入TOP ACE资管公司。此外团队人员还包括张永康、许柏芝、罗怡雯、邓正行、王亚伟、王家辉、杨俊贤等。其中有管理职能的是王亚伟、张永康、钟兆华和杨俊贤。业内的信息还显示，钟兆华或是TOPACE的首席投资官，早期在花旗银行任职过。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625580944,"gmtCreate":1676558604789,"gmtModify":1676558604789,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"It is time to cut","listText":"It is time to cut","text":"It is time to cut","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625580944","repostId":"1166103895","repostType":4,"repost":{"id":"1166103895","kind":"news","pubTimestamp":1676526612,"share":"https://ttm.financial/m/news/1166103895?lang=en_US&edition=fundamental","pubTime":"2023-02-16 13:50","market":"us","language":"zh","title":"Betting on the Chinese market has become Wall Street's \"most crowded trade\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1166103895","media":"华尔街见闻","summary":"中国股市仍有进一步的上涨空间。","content":"<p><html><head></head><body><b>Investors' optimism about China's economic prospects is growing. Strategists believe that there is still room for further upside in China's stock market.</b>As investors turn to the Chinese market and emerging market stocks, betting on the Chinese market has become the \"most crowded trade\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed,<b>In February, global fund managers increased their equity allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long China\" has become the \"most crowded trade\" in the market, the first time since the survey began in 1985.</b></p><p>Since the beginning of November last year, the adjustment and optimization of China's epidemic-related measures have greatly boosted market sentiment, and blue-chip stocks on the Shanghai Stock Exchange have risen by 14%. Foreign capital is also actively participating in the Chinese market, with a net purchase of US $27.7 billion in domestic stocks in January, a record high in a single month.</p><p>The survey also found that in February this year, 46% of fund managers adjusted the proportion of emerging market stock allocation to \"overweight\". This is helped by investors' increased optimism about China's economic outlook and confidence that the dollar's rally has peaked.</p><p>Strategists believe that,<b>There is still room for further upside in China's stocks. Societe Generale estimates that the average P/E of companies listed on the Shanghai Stock Exchange this year is 11.6 times, and the expected earnings increase is 18.8%; The average P/E of emerging markets is 12.4 times, and the expected earnings growth is 6.7%.</b></p><p>Pramol Dhawan, managing director of US fund manager Pimco, said emerging markets are undervalued compared to history and are \"undervalued\" as an asset class after investor withdrawals in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle East sovereign wealth funds may also drive Chinese stocks higher:</p><p>Given the huge rise in purchasing power of energy producers in the financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to cement long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading is hot to be \"worrying\"-the increasing popularity of Chinese stocks is hard to believe that the market enthusiasm will continue unwanted.</b></p><p>More than two-thirds of respondents noted that they believe the reopening of China's economy could push up global inflation, and the biggest tail risk for fund managers is that inflation will stubbornly remain elevated for longer.</p><p>Michael Hartnett, chief investment strategist at Bank of America Global Research, said:</p><p>The reopening of China's economy is clearly good for global growth, but if it does translate into higher inflationary pressures, as we've seen in other parts of the world during the post-pandemic recovery, then it could cause problems for central banks (outside China). At the same time, on Wednesday, the People's Bank of China exceeded the MLF for three consecutive months, launching 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and both Hong Kong and mainland China markets are likely to rebound in March as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market.</body></html></p>","source":"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>Betting on the Chinese market has become Wall Street's \"most crowded trade\"</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\">\nBetting on the Chinese market has become Wall Street's \"most crowded trade\"\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\">2023-02-16 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Investors' optimism about China's economic prospects is growing. Strategists believe that there is still room for further upside in China's stock market.</b>As investors turn to the Chinese market and emerging market stocks, betting on the Chinese market has become the \"most crowded trade\" on Wall Street.</p><p>On Wednesday, Bank of America's monthly survey of 262 fund managers showed,<b>In February, global fund managers increased their equity allocation to emerging markets, including China, for the third consecutive month</b>。<b>More than 20% of fund managers believe that \"going long China\" has become the \"most crowded trade\" in the market, the first time since the survey began in 1985.</b></p><p>Since the beginning of November last year, the adjustment and optimization of China's epidemic-related measures have greatly boosted market sentiment, and blue-chip stocks on the Shanghai Stock Exchange have risen by 14%. Foreign capital is also actively participating in the Chinese market, with a net purchase of US $27.7 billion in domestic stocks in January, a record high in a single month.</p><p>The survey also found that in February this year, 46% of fund managers adjusted the proportion of emerging market stock allocation to \"overweight\". This is helped by investors' increased optimism about China's economic outlook and confidence that the dollar's rally has peaked.</p><p>Strategists believe that,<b>There is still room for further upside in China's stocks. Societe Generale estimates that the average P/E of companies listed on the Shanghai Stock Exchange this year is 11.6 times, and the expected earnings increase is 18.8%; The average P/E of emerging markets is 12.4 times, and the expected earnings growth is 6.7%.</b></p><p>Pramol Dhawan, managing director of US fund manager Pimco, said emerging markets are undervalued compared to history and are \"undervalued\" as an asset class after investor withdrawals in 2022.</p><p>Robert Buckland, chief global equity strategist at Citigroup, believes that cash-rich Middle East sovereign wealth funds may also drive Chinese stocks higher:</p><p>Given the huge rise in purchasing power of energy producers in the financial markets, now is a good time for them to invest this wealth. Petrodollar investors will use their wealth to cement long-term economic and commercial relationships, especially with other emerging markets.<b>But fund managers also believe that trading is hot to be \"worrying\"-the increasing popularity of Chinese stocks is hard to believe that the market enthusiasm will continue unwanted.</b></p><p>More than two-thirds of respondents noted that they believe the reopening of China's economy could push up global inflation, and the biggest tail risk for fund managers is that inflation will stubbornly remain elevated for longer.</p><p>Michael Hartnett, chief investment strategist at Bank of America Global Research, said:</p><p>The reopening of China's economy is clearly good for global growth, but if it does translate into higher inflationary pressures, as we've seen in other parts of the world during the post-pandemic recovery, then it could cause problems for central banks (outside China). At the same time, on Wednesday, the People's Bank of China exceeded the MLF for three consecutive months, launching 499 billion yuan of MLF operations and 203 billion yuan of open market reverse repurchase operations. The transaction announcement stated that the two operations fully met the needs of financial institutions.</p><p>Banny Lam, head of research at Ceb International Inv Corp Ltd., told the media:</p><p>This is a short-term correction, and both Hong Kong and mainland China markets are likely to rebound in March as the Chinese government provides more policy support to different sectors of the Chinese economy to guide the market.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3682066\">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/55eb327f580527889cf30bafa92692ae","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3682066","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166103895","content_text":"投资者对中国经济前景的乐观情绪不断增强。策略师认为，中国股市仍有进一步的上涨空间。随着投资者纷纷转向中国市场和新兴市场股票，对中国市场的押注已经成为了华尔街“最拥挤的交易”。周三，美国银行对262名基金经理的月度调查显示，今年2月，全球基金经理连续第三个月增加了对包括中国在内的新兴市场的股票配置。超过20%的基金经理认为，“做多中国”已经成为市场上“最拥挤的交易”，这是自该调查始于1985年以来的首次。自去年11月初以来，中国对疫情相关措施的调整优化极大地提振了市场情绪，上海交易所的蓝筹股已经上涨了14%。外资也积极参与中国市场，1月份净买入中国境内股票277亿美元，创单月历史新高。调查还发现，今年2月，有46%的基金经理将新兴市场股票配置的比例调整为“增持”。这得益于投资者对中国经济前景的乐观情绪增强，以及对美元涨势已经见顶的信心。策略师认为，中国股市仍有进一步的上涨空间。法国兴业银行估计，在上海交易所上市的公司今年的平均市盈率为11.6倍，预期盈利增长18.8%；而新兴市场的平均市盈率为12.4倍，预期盈利增长6.7%。美国基金管理公司太平洋投资管理公司（Pimco）董事总经理 Pramol Dhawan 表示，与历史相比，新兴市场的估值较低，而在2022年投资者大举撤资之后，新兴市场作为一个资产类别“被低估了”。花旗集团首席全球股票策略师 Robert Buckland 认为，现金充足的中东主权财富基金也可能推动中国股市上涨：鉴于能源生产商在金融市场上的购买力大幅上升，现在正是他们投资这些财富的好时机。石油美元投资者将利用他们的财富来巩固长期的经济和商业关系，尤其是与其他新兴市场的关系。但基金经理们也认为，交易已经火热到“令人担忧”——中国股票越来越受欢迎，令人难以相信市场热情会毫不减弱地持续下去。超过三分之二的受访者指出，他们认为中国经济重新开放可能推高全球通胀，基金经理面临的最大尾部风险是，通胀将在更长时间内顽固地保持在较高水平。美国银行全球研究部首席投资策略师 Michael Hartnett 表示：中国经济重新开放显然对全球经济增长有利，但如果这真的转化为更高的通胀压力，就像疫情后复苏期间我们在世界其他地区看到的那样，那么这可能给（中国以外的）央行带来问题。与此同时，周三，中国人民银行连续三个月超额续作MLF，开展了4990亿元MLF操作，以及2030亿元公开市场逆回购操作。交易公告称，两项操作充分满足了金融机构需求。Ceb International Inv Corp Ltd. 研究主管 Banny Lam 向媒体表示：这是一次短期调整，随着中国政府对中国经济的不同领域提供更多政策支持，引导市场，香港和中国内地市场都可能在3月份出现反弹。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625220100,"gmtCreate":1676516766802,"gmtModify":1676516766802,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"great fox","listText":"great fox","text":"great fox","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625220100","repostId":"1128128276","repostType":4,"isVote":1,"tweetType":1,"viewCount":2224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625901817,"gmtCreate":1675996989340,"gmtModify":1675996989340,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"he just look down economic of some country","listText":"he just look down economic of some country","text":"he just look down economic of some country","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625901817","repostId":"2310641661","repostType":4,"repost":{"id":"2310641661","kind":"highlight","pubTimestamp":1675993941,"share":"https://ttm.financial/m/news/2310641661?lang=en_US&edition=fundamental","pubTime":"2023-02-10 09:52","market":"sh","language":"zh","title":"Accelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?","url":"https://stock-news.laohu8.com/highlight/detail?id=2310641661","media":"券商中国","summary":"减持还在继续！2月9日，港交所文件显示，巴菲特旗下伯克希尔哈撒韦公司于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次","content":"<p><html><head></head><body><img src=\"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/><b>The reduction of holdings continues!</b></p><p>On February 9, Hong Kong Stock Exchange documents showed that Buffett's<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway sold 4.235 million shares on Feb. 3<a href=\"https://laohu8.com/S/002594\">BYD</a>The average price of H shares is HK $257.9 per share, and the shareholding ratio dropped to 11.87%. This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth disclosure since the company's first reduction in August 2022.</p><p><img src=\"https://static.tigerbbs.com/334a8f6caf57c60562aef8d4c625d606\" tg-width=\"660\" tg-height=\"118\" referrerpolicy=\"no-referrer\"/>Although the speed and intensity of Buffett's reduction of holdings are accelerating, overall BYD's stock price is not greatly affected by Buffett's reduction of holdings. And the average price of shareholding reduction disclosed this time is the highest price in the last seven disclosures. As of February 9, BYD's H shares closed at HK $249.4 per share, and A shares closed at 288.3 yuan per share. The company's total market value was 759.7 billion yuan.</p><p><b>Buffett reduced his holdings in BYD again, and his shareholding ratio dropped to 11.87%</b></p><p>On February 9, according to the disclosure documents of the Hong Kong Stock Exchange, Berkshire Hathaway sold 4.235 million BYD H shares on February 3, with an average price of HK $257.9 per share, and the shareholding ratio dropped to 11.87%.</p><p>This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth time since the company first reduced its holdings in August 2022. Previous disclosure information shows:</p><p>On August 24, 2022, it reduced its holdings of 1.331 million BYD H shares, with an average price of HK $277.1016 per share;</p><p>On September 1, 2022, it will reduce its holdings of 1.716 million BYD H shares at an average price of HK $262.7243 per share;</p><p>On November 1, 2022, it will reduce its holdings of 3.297 million BYD H shares, with an average price of HK $169.8657 per share;</p><p>On November 8, 2022, it reduced its holdings of 5.7825 million BYD H shares, with an average price of HK $196.9945 per share;</p><p>On November 17, 2022, it reduced its holdings of 3.2255 million BYD H shares, with an average price of HK $195.4212 per share;</p><p>On December 8, 2022, it will reduce its holdings of 1.3295 million BYD H shares, with an average price of HK $201.3432 per share;</p><p>On January 3, 2023, it reduced its holdings of 1.058 million BYD H shares, with an average price of HK $191.44 per share;</p><p>On January 27, 2023, it reduced its holdings of 1.55 million BYD H shares, with an average price of HK $226.32 per share.</p><p>It is reported that Berkshire Hathaway bought 225 million BYD H shares at a price of HK $8 per share in 2008, and held them for 14 years, until August 2022, when it began to reduce its holdings for the first time. At present, Berkshire Hathaway has reduced its holdings by about 95 million shares, and its position has been reduced by more than 40%.</p><p>It should be noted that, according to the disclosure regulations of the Hong Kong Stock Exchange, major shareholders only need to make disclosures if they increase or decrease their holdings across a certain integer percentage. From the perspective of the number of shares held, in addition to the disclosed information, Berkshire Hathaway has reduced its holdings many times.</p><p><b>BYD may hit sales target of 4 million</b></p><p>In the past 2022, China<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The penetration rate of vehicles has further increased. According to data from the Passenger Car Association, the penetration rate of new energy vehicles in China has reached 25%. As the leader of new energy vehicles in China, BYD has also continued to develop rapidly in the past year. Its production and sales reached 1.877 million vehicles and 1.863 million vehicles respectively, a year-on-year increase of 209.2% and 208.6% respectively, becoming the global new energy vehicle sales champion in 2022.</p><p>A few days ago, it was reported that BYD has internally set a sales target of 4 million vehicles in 2023. In this regard, BYD did not respond clearly. According to the company, due to the impact of the epidemic, there are many uncertainties in the market, consumer demand and supply chain system, so BYD has a difficult judgment on the sales target in 2023. According to market conditions and changes, BYD will give full play to its own advantages and flexibly formulate various plans to meet the needs of consumers.</p><p>In addition to BYD, recently, a number of new energy car companies have successively disclosed new car sales targets for 2023, generally giving high growth expectations.</p><p>Recently,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Chairman and CEO He XPeng issued an internal letter to all employees of XPeng Motors, announcing XPeng Motors' new car planning, delivery targets and internal expectations for 2023. The goal for 2023 is to deliver 450,000 vehicles cumulatively, that is, nearly 200,000 vehicles will be delivered in 2023, with a target growth rate of 65.6%.</p><p><a href=\"https://laohu8.com/S/NIO\">Nio</a>The goal for 2023 is clearer, which is to exceed the sales of Lexus fuel vehicles. The data shows,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>A total of 122,500 new cars will be delivered in 2022, a year-on-year increase of 34%, while Lexus's cumulative sales in China in 2022 will be 183,900. Based on this calculation, Nio's sales target for 2023 is about 200,000 vehicles, and the sales target growth rate is about 63.2%.</p><p>According to Zhang Yong, co-founder and CEO of Nezha Automobile, the target sales volume of Nezha Automobile in 2023 is 250,000 vehicles, and the company's target growth rate in 2023 is about 67%.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>In terms of this, although the specific sales target for 2023 has not been officially announced. However, according to people close to the company, the total sales target set by Li Auto in 2023 is in the range of 250,000 to 300,000 vehicles. Even based on 250,000 vehicles, Li Auto's target growth rate is as high as 88%.</p><p><b>What is the main line of investment in new energy vehicles?</b></p><p>Years later, the stock prices of new energy vehicle companies generally ushered in a wave of rises, and recently they began to fluctuate and adjust. Looking forward to the whole year of 2023, what are the investment ideas for new energy vehicles?</p><p>Xu Chengcheng, fund manager of Cathay CSI New Energy Vehicle ETF, said that from an investment perspective, automobiles have now been divided into two lines: traditional fuel vehicles and new energy vehicles. Continue to subdivide, and the main lines have become two, one is new energy, and the other is intelligence.</p><p>In terms of new energy, although the current penetration rate has reached about 30%, it is still a long way to go compared with the future goal (70%-80% of new energy on the transportation side). More importantly, the product strength of new energy vehicles is rapidly improving. With policy support, the prosperity may be maintained in the future. However, there is a high probability that the state of explosive growth and making money in all segments like in the past will not exist.</p><p>Automobile intelligence depends entirely on technological breakthroughs and research and development of parts companies. Intelligence is also an important direction to increase the value of automobiles, including but not limited to lightweight, thermal management, glass, smart cockpit, and autonomous driving-related parts and other fields are expected to show rapid growth.</p><p>In the short term, some OEMs may be affected<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The suppression of price cuts is relatively passive in strategy. However, with the decline of the overall price center of new energy vehicles or traditional vehicles, domestic companies have further improved their product capabilities and increased their market share through automobile autonomous driving and high-value automobile parts. This is also the reason why we are relatively optimistic about the auto parts industry this year.</p><p>Li Bo, manager of Xinao New Energy Select Hybrid Fund, said that he continues to be optimistic about domestic leading new energy vehicle companies and the recovery in the valuation of lithium mines brought about by the annual sales of new energy vehicles exceeding expectations. He said that the auto industry has been paying much attention to the price issue this year. After the prices of some Tesla models have dropped again and again, some of XPeng's main models have also seen price cuts. On the other hand, traditional car companies have seen some of their fuel models There has been a certain price increase. The market is worried that cars such as Tesla XPeng may affect the overall performance revenue and gross profit margin due to price cuts, but we must also see the demand stimulating effect brought about by price cuts. New energy vehicles have become the focus of consumers when buying cars. As the scale effect becomes prominent, the depreciation and amortization cost of car companies may decrease significantly, and the expense ratio will improve. In the end, the profit margin of car companies is expected to be relatively stable.</p><p>At the same time, under the overall economic recovery, the promotion of domestic consumption is clear. As a mass consumer product, the industry prosperity of new energy vehicles is expected to become clearer. Looking at the entire automobile industry, domestic automobile companies not only quickly occupy the share of joint venture fuel vehicles, but also impact the stock orders and price systems of foreign brands, reflecting the advantages and price advantages of domestic brands.</p><p></body></html></p>","source":"cszg","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>Accelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?</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\">\nAccelerate the reduction of BYD holdings! Buffett sells another 4.23 million shares, what is the impact? The new energy vehicle leader has set a new goal?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">券商中国</strong><span class=\"h-time small\">2023-02-10 09:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><img src=\"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b\" tg-width=\"550\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/><b>The reduction of holdings continues!</b></p><p>On February 9, Hong Kong Stock Exchange documents showed that Buffett's<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway sold 4.235 million shares on Feb. 3<a href=\"https://laohu8.com/S/002594\">BYD</a>The average price of H shares is HK $257.9 per share, and the shareholding ratio dropped to 11.87%. This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth disclosure since the company's first reduction in August 2022.</p><p><img src=\"https://static.tigerbbs.com/334a8f6caf57c60562aef8d4c625d606\" tg-width=\"660\" tg-height=\"118\" referrerpolicy=\"no-referrer\"/>Although the speed and intensity of Buffett's reduction of holdings are accelerating, overall BYD's stock price is not greatly affected by Buffett's reduction of holdings. And the average price of shareholding reduction disclosed this time is the highest price in the last seven disclosures. As of February 9, BYD's H shares closed at HK $249.4 per share, and A shares closed at 288.3 yuan per share. The company's total market value was 759.7 billion yuan.</p><p><b>Buffett reduced his holdings in BYD again, and his shareholding ratio dropped to 11.87%</b></p><p>On February 9, according to the disclosure documents of the Hong Kong Stock Exchange, Berkshire Hathaway sold 4.235 million BYD H shares on February 3, with an average price of HK $257.9 per share, and the shareholding ratio dropped to 11.87%.</p><p>This is the third time since 2023 that the Hong Kong Stock Exchange has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares, and it is also the ninth time since the company first reduced its holdings in August 2022. Previous disclosure information shows:</p><p>On August 24, 2022, it reduced its holdings of 1.331 million BYD H shares, with an average price of HK $277.1016 per share;</p><p>On September 1, 2022, it will reduce its holdings of 1.716 million BYD H shares at an average price of HK $262.7243 per share;</p><p>On November 1, 2022, it will reduce its holdings of 3.297 million BYD H shares, with an average price of HK $169.8657 per share;</p><p>On November 8, 2022, it reduced its holdings of 5.7825 million BYD H shares, with an average price of HK $196.9945 per share;</p><p>On November 17, 2022, it reduced its holdings of 3.2255 million BYD H shares, with an average price of HK $195.4212 per share;</p><p>On December 8, 2022, it will reduce its holdings of 1.3295 million BYD H shares, with an average price of HK $201.3432 per share;</p><p>On January 3, 2023, it reduced its holdings of 1.058 million BYD H shares, with an average price of HK $191.44 per share;</p><p>On January 27, 2023, it reduced its holdings of 1.55 million BYD H shares, with an average price of HK $226.32 per share.</p><p>It is reported that Berkshire Hathaway bought 225 million BYD H shares at a price of HK $8 per share in 2008, and held them for 14 years, until August 2022, when it began to reduce its holdings for the first time. At present, Berkshire Hathaway has reduced its holdings by about 95 million shares, and its position has been reduced by more than 40%.</p><p>It should be noted that, according to the disclosure regulations of the Hong Kong Stock Exchange, major shareholders only need to make disclosures if they increase or decrease their holdings across a certain integer percentage. From the perspective of the number of shares held, in addition to the disclosed information, Berkshire Hathaway has reduced its holdings many times.</p><p><b>BYD may hit sales target of 4 million</b></p><p>In the past 2022, China<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The penetration rate of vehicles has further increased. According to data from the Passenger Car Association, the penetration rate of new energy vehicles in China has reached 25%. As the leader of new energy vehicles in China, BYD has also continued to develop rapidly in the past year. Its production and sales reached 1.877 million vehicles and 1.863 million vehicles respectively, a year-on-year increase of 209.2% and 208.6% respectively, becoming the global new energy vehicle sales champion in 2022.</p><p>A few days ago, it was reported that BYD has internally set a sales target of 4 million vehicles in 2023. In this regard, BYD did not respond clearly. According to the company, due to the impact of the epidemic, there are many uncertainties in the market, consumer demand and supply chain system, so BYD has a difficult judgment on the sales target in 2023. According to market conditions and changes, BYD will give full play to its own advantages and flexibly formulate various plans to meet the needs of consumers.</p><p>In addition to BYD, recently, a number of new energy car companies have successively disclosed new car sales targets for 2023, generally giving high growth expectations.</p><p>Recently,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Chairman and CEO He XPeng issued an internal letter to all employees of XPeng Motors, announcing XPeng Motors' new car planning, delivery targets and internal expectations for 2023. The goal for 2023 is to deliver 450,000 vehicles cumulatively, that is, nearly 200,000 vehicles will be delivered in 2023, with a target growth rate of 65.6%.</p><p><a href=\"https://laohu8.com/S/NIO\">Nio</a>The goal for 2023 is clearer, which is to exceed the sales of Lexus fuel vehicles. The data shows,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>A total of 122,500 new cars will be delivered in 2022, a year-on-year increase of 34%, while Lexus's cumulative sales in China in 2022 will be 183,900. Based on this calculation, Nio's sales target for 2023 is about 200,000 vehicles, and the sales target growth rate is about 63.2%.</p><p>According to Zhang Yong, co-founder and CEO of Nezha Automobile, the target sales volume of Nezha Automobile in 2023 is 250,000 vehicles, and the company's target growth rate in 2023 is about 67%.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>In terms of this, although the specific sales target for 2023 has not been officially announced. However, according to people close to the company, the total sales target set by Li Auto in 2023 is in the range of 250,000 to 300,000 vehicles. Even based on 250,000 vehicles, Li Auto's target growth rate is as high as 88%.</p><p><b>What is the main line of investment in new energy vehicles?</b></p><p>Years later, the stock prices of new energy vehicle companies generally ushered in a wave of rises, and recently they began to fluctuate and adjust. Looking forward to the whole year of 2023, what are the investment ideas for new energy vehicles?</p><p>Xu Chengcheng, fund manager of Cathay CSI New Energy Vehicle ETF, said that from an investment perspective, automobiles have now been divided into two lines: traditional fuel vehicles and new energy vehicles. Continue to subdivide, and the main lines have become two, one is new energy, and the other is intelligence.</p><p>In terms of new energy, although the current penetration rate has reached about 30%, it is still a long way to go compared with the future goal (70%-80% of new energy on the transportation side). More importantly, the product strength of new energy vehicles is rapidly improving. With policy support, the prosperity may be maintained in the future. However, there is a high probability that the state of explosive growth and making money in all segments like in the past will not exist.</p><p>Automobile intelligence depends entirely on technological breakthroughs and research and development of parts companies. Intelligence is also an important direction to increase the value of automobiles, including but not limited to lightweight, thermal management, glass, smart cockpit, and autonomous driving-related parts and other fields are expected to show rapid growth.</p><p>In the short term, some OEMs may be affected<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The suppression of price cuts is relatively passive in strategy. However, with the decline of the overall price center of new energy vehicles or traditional vehicles, domestic companies have further improved their product capabilities and increased their market share through automobile autonomous driving and high-value automobile parts. This is also the reason why we are relatively optimistic about the auto parts industry this year.</p><p>Li Bo, manager of Xinao New Energy Select Hybrid Fund, said that he continues to be optimistic about domestic leading new energy vehicle companies and the recovery in the valuation of lithium mines brought about by the annual sales of new energy vehicles exceeding expectations. He said that the auto industry has been paying much attention to the price issue this year. After the prices of some Tesla models have dropped again and again, some of XPeng's main models have also seen price cuts. On the other hand, traditional car companies have seen some of their fuel models There has been a certain price increase. The market is worried that cars such as Tesla XPeng may affect the overall performance revenue and gross profit margin due to price cuts, but we must also see the demand stimulating effect brought about by price cuts. New energy vehicles have become the focus of consumers when buying cars. As the scale effect becomes prominent, the depreciation and amortization cost of car companies may decrease significantly, and the expense ratio will improve. In the end, the profit margin of car companies is expected to be relatively stable.</p><p>At the same time, under the overall economic recovery, the promotion of domestic consumption is clear. As a mass consumer product, the industry prosperity of new energy vehicles is expected to become clearer. Looking at the entire automobile industry, domestic automobile companies not only quickly occupy the share of joint venture fuel vehicles, but also impact the stock orders and price systems of foreign brands, reflecting the advantages and price advantages of domestic brands.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/Z57BJ-ODO7jMQ_tWFCEZKw\">券商中国</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5eba4a5fb6af9747e1005310c5e94d5b","relate_stocks":{"SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK1149":"通信设备","BK1607":"新IT概念","BK1515":"抗疫概念","BK1582":"深圳本地概念股","SG9999006514.SGD":"United Asia Consumer Fund SGD","BK1594":"碳中和概念股","SG9999015978.USD":"利安颠覆性创新基金A","BK1539":"汽车股","BK1522":"燃料电池","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1580":"烟草概念","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK1589":"北水核心资产","BK1504":"苹果概念","BK1119":"汽车制造商","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","01211":"比亚迪股份","BK1540":"电池","00285":"比亚迪电子","BK1509":"特斯拉概念股","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC"},"source_url":"https://mp.weixin.qq.com/s/Z57BJ-ODO7jMQ_tWFCEZKw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310641661","content_text":"减持还在继续！2月9日，港交所文件显示，巴菲特旗下伯克希尔哈撒韦公司于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次披露伯克希尔哈撒韦减持比亚迪H股，也是2022年8月该公司首次减持以来的第9次披露。尽管巴菲特减持速度和力度都有加快之势，但整体来看比亚迪股价受巴菲特减持影响并不大。且这一次披露的减持均价，是近7次披露中的最高价格。截至2月9日，比亚迪H股报收249.4港元/股，A股报收288.3元/股，公司总市值7597亿元。巴菲特再度减持比亚迪，持股比例降至11.87%2月9日，根据港交所披露文件，伯克希尔哈撒韦于2月3日出售了423.5万股比亚迪H股股票，平均价格257.9港元/股，持股比例降至11.87%。这是2023年以来，港交所第3次披露伯克希尔哈撒韦减持比亚迪H股，也是2022年8月该公司首次减持以来的第9次披露。此前的披露信息显示：2022年8月24日，减持133.1万股比亚迪H股，均价277.1016港元/股；2022年9月1日，减持171.6万股比亚迪H股，均价262.7243港元/股；2022年11月1日，减持329.7万股比亚迪H股，均价169.8657港元/股；2022年11月8日，减持578.25万股比亚迪H股，均价196.9945港元/股；2022年11月17日，减持322.55万股比亚迪H股，均价195.4212港元/股；2022年12月8日，减持132.95万股比亚迪H股，均价201.3432港元/股；2023年1月3日，减持105.8万股比亚迪H股，均价191.44港元/股；2023年1月27日，减持155万股比亚迪H股，均价226.32港元/股。据悉，伯克希尔哈撒韦在2008年以8港元/股的价格买入了2.25亿股比亚迪H股，持有时间长达14年，直至2022年8月首次开始减持。目前伯克希尔哈撒韦已累计减持约9500万股，持仓已经降低超过四成。需要注意的是，根据港交所披露易规定，大股东增减持股票只有横跨某个整数百分比时，才需要作出披露。而从持股数量来看，除已披露的信息之外，伯克希尔哈撒韦还有过多次减持行为。比亚迪或将冲击400万销量目标在刚刚过去的2022年，中国新能源车渗透率进一步提升，根据乘联会数据，中国新能源车渗透率已达25%。作为中国新能源汽车龙头，比亚迪也在过去一年继续高速发展，其产销量分别达到187.7万辆和186.3万辆，同比分别增长209.2%和208.6%，成为2022年度全球新能源车销量冠军。日前有消息称，比亚迪内部将2023年销量目标定到400万辆。对此，比亚迪并未明确回应。公司称，受疫情影响，市场、消费需求及供应链体系等存在很多不确定性，因此比亚迪对2023年销售目标不好判断。比亚迪会根据市场的情况及变化，充分发挥企业自身优势，灵活制定各项计划，以满足广大消费者的需求。除比亚迪外，近期，多家新能源车企相继披露了2023年新车销量目标，普遍给予高增长预期。日前，小鹏汽车董事长、CEO何小鹏向小鹏汽车全员发布了一封内部信，公布了小鹏汽车2023年的新车规划、交付目标和内部期望。2023年的目标是累计交付45万辆车，即2023年交付近20万辆车，目标增长率达到65.6%。蔚来2023年的目标更为明确，就是超过雷克萨斯燃油车销量。数据显示，蔚来2022年累计交付新车12.25万辆，同比增长34%，而雷克萨斯2022年在华累计销量18.39万辆。由此推算，蔚来对于2023年的销量目标在20万辆左右，销量目标增幅约为63.2%。哪咤汽车联合创始人、CEO张勇提出的2023年哪咤汽车目标销量25万辆计算，2023年公司目标增长率约为67%。理想汽车方面，尽管并未正式公布2023年的具体销量目标。但据接近公司方面人士透露，2023年理想汽车设定的总销量目标在25万辆至30万辆区间。即便按照25万辆计算，理想汽车目标增长率也高达88%。新能源汽车投资主线是什么？年后，新能源车企股价普遍迎来一波上涨，近期又开始震荡调整。展望2023年全年，新能源汽车的投资思路是怎样的？国泰中证新能源汽车ETF基金经理徐成城表示，从投资的角度来看，汽车现在已经分为了传统燃油车和新能源汽车这两条线。再继续往下细分，主线也变成了两条，一个是新能源化，另一个就是智能化。新能源化方面，尽管现在渗透率已经达到30%左右，但是相比于未来的目标（在交通出行侧新能源化达到70%-80%）还有很远的距离。更重要的是新能源汽车的产品力在快速提升，在政策扶持之下，后续可能还会维持景气。但是像过去那样爆发式增长、所有细分领域都赚钱的状态大概率不会有了。汽车智能化完全依赖于技术的突破以及零部件企业的研发。智能化也是提升汽车价值量的重要方向，包括但不限于轻量化、热管理、玻璃、智慧座舱以及自动驾驶相关的零部件等领域都有望呈现出快速增长的状态。短期而言，一些整车厂可能会受到特斯拉降价的打压，策略上显得比较被动。但是随着整体新能源汽车或者传统汽车价格中枢的下降，使得国内企业进一步去提升产品力，通过汽车自动驾驶和汽车高价值零部件来提升市占率。这也是今年我们相对比较看好汽车零部件行业的原因。信澳新能源精选混合基金经理李博表示，继续看好国内头部新能源整车企业，以及全年新能源车销量超预期带来的锂矿的估值回升。他表示，今年汽车行业对于价格问题一直备受关注的问题，特斯拉部分车型的价格一降再降之后，小鹏汽车部分主力车型也出现降价，反观到传统车企，其部分燃油车型出现了一定涨价。市场上担忧特斯拉小鹏等汽车可能会因为降价影响整体业绩收入和毛利率，但我们也要看到在降价下带来的需求刺激作用，新能源车已经成为消费者在购车时着重考虑的方向，随着规模效应凸显，车企的单车折旧摊销成本下降可能会比较明显，并且费用率得到改善，最终车企利润率有望相对稳定。同时在整体经济复苏下，内需消费的推动是明确的，新能源车作为大众消费品，其行业景气度有望越发明朗。再看整个汽车行业，国内车企不但快速占据合资燃油车份额，而且还冲击外资品牌存量订单和价格体系，体现了国产品牌优势和价格优势。","news_type":1,"symbols_score_info":{"01211":1,"00285":1}},"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622209333,"gmtCreate":1675584875324,"gmtModify":1676539008547,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"Villa is still there，but owner has been otherplace of the world。","listText":"Villa is still there，but owner has been otherplace of the world。","text":"Villa is still there，but owner has been otherplace of the world。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622209333","repostId":"2309716873","repostType":4,"repost":{"id":"2309716873","kind":"highlight","pubTimestamp":1675571805,"share":"https://ttm.financial/m/news/2309716873?lang=en_US&edition=fundamental","pubTime":"2023-02-05 12:36","market":"hk","language":"zh","title":"Rich people dump mansions like crazy","url":"https://stock-news.laohu8.com/highlight/detail?id=2309716873","media":"华尔街见闻","summary":"与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。","content":"<p><html><head></head><body><b>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</b>Tian Peng always remembers the scene when he first opened the bill three years ago:</p><p>A customer saw it twice, and it took four days to decide to buy a luxury house with a transaction price of 60 million yuan.</p><p>\"At that time, it felt even more enjoyable to me than buying a bicycle\".</p><p>In the past few years, the number of wealthy people all over the world has been increasing, which has contributed to the hot luxury housing market to some extent.</p><p>In 2021, ultra-high net worth individuals with global net worth of more than US $30 million increased by 9.3% in one year, with an increase of 52,000.</p><p>The same is true at home. According to Barron's Weekly, in the first half of 2022, the number of ultra-high net worth people in China increased by 2.3%, reaching a total of more than 50,000.</p><p>But recently, there was a surprising news.</p><p>On the last day of 2022, E-House CEO Ding Zuyu said at a press conference that last year, the transaction volume of top luxury homes across the country with more than 50 million fell by 40% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/842b64ff8bd0a6b2c9639f69b1f42cf3\" tg-width=\"1024\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p><p>Some people say that rich people are fleeing mansions.</p><p>Is that the truth?</p><p><b>The mansion myth is broken</b></p><p>The popularity of luxury houses is the impression left on people in the past three years. Especially in the first half of last year, the property market across the country, including first-tier cities, completely stalled, but luxury houses went out of an independent market.</p><p>For example, in Guangzhou, the luxury houses in Zhujiang New Town have single-handedly raised the second-hand housing prices in Tianhe District; In Beijing and Shenzhen, the scene of luxury houses being sold out at the opening is still going on.</p><p>It is not only the ultimate enjoyment of living, but also the scarcity of location, area and quality, luxury houses are one of the most valuable assets in the world. Buying luxury homes has always been the first choice for the rich in the world when allocating assets.</p><p>Compared with ordinary houses, the market of luxury houses is niche and more resilient.</p><p>There is a saying circulating on the Internet: when the property market recovers, luxury houses go first, the property market falls, and luxury houses fall again at the last minute.</p><p>Globally, the impact of the pandemic over the past few years has hardly affected luxury homes. Two years ago,<a href=\"https://laohu8.com/S/00142\">First Pacific</a>A report by Davis Research shows that after a brief decline in the first half of 2020, the global luxury home capital value index resumed its growth momentum in the second half of 2020, growing 0.5% for the whole year.</p><p>The report also predicts that luxury home prices in Beijing, Shanghai, Guangzhou and Shenzhen, China, will continue to grow in 2021.</p><p>Indeed, as predicted, in 2021, the domestic luxury housing market will be extremely active, with prices and transaction volumes rising all the way, and the transaction volume of luxury houses in many first-tier cities will hit a new high in five years.</p><p><img src=\"https://static.tigerbbs.com/78484a3d33a64167701b6cc2b1065d18\" tg-width=\"1024\" tg-height=\"534\" referrerpolicy=\"no-referrer\"/></p><p>Now, however, the myth of luxury growth seems to be shattered.</p><p>According to the data disclosed by Ding Zuyu, throughout 2022, the transaction volume of new houses and luxury homes with more than 10 million and more than 30 million in the core ten cities across the country will still maintain a growth trend, rising by 10% and 5% respectively. However, the first-hand volume of top-notch luxury homes has fallen sharply-only 383 of more than 50 million top-notch new homes in the country were sold, down 40% year-on-year.</p><p>From the perspective of unit price, in 2022, the transaction volume of new luxury houses with a unit price of more than 150,000/square meter nationwide will also drop by 19%, with 422 transactions.</p><p>The situation of second-hand luxury housing market is even less optimistic.</p><p>The transaction volume of second-hand luxury homes in all price ranges has declined, of which those with more than 10 million fell by 42% year-on-year, those with more than 30 million fell by 28%, and those with more than 50 million fell by 18%.</p><p>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</p><p><img src=\"https://static.tigerbbs.com/9b4d431181d2bdde9bce1e0572b8fe33\" tg-width=\"1024\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/></p><p>Tian Peng, who is currently a researcher in a luxury housing brokerage agency, told Salt Finance reporter that the transaction volume of new luxury houses is higher than that of second-hand houses because \"new houses\" are attractive, and the price of first-and second-hand luxury houses is inverted.</p><p>Take Beijing as an example. Most luxury houses are located in price-limited plots, and some luxury houses belong to shared property houses. The government occupies 10% of the property rights, and buyers only need to bear 90% of the price-limited, which is \"equivalent to another 10% discount\".</p><p>Although it is common for luxury residential agents not to open for half a year, luxury residential managers have already felt the cold air of the market.</p><p>According to media reports, due to the decline in transaction volume, the store manager of the luxury residential sector in a first-tier city encountered the \"worst year\" since entering the industry in 2016.</p><p><b>Celebrity Sell-Off Isn't That Bad</b></p><p>In the past year, the news of celebrities selling luxury homes has increased significantly.</p><p>In July 2022, Zhang Yimou was rumored to have sold a villa in Wuxi, listed for 35 million, and finally sold for 61 million.</p><p>Two months later, Wong Cho Lam sold his mansion in Hong Kong for HK $45.8 million (about 41.1 million RMB).</p><p>Football player Gao Lin also sold his Jiangjing Daping Floor in Guangzhou Qiaoxin Huiyuetai, with a listing price of 145 million. The commission of this real estate transaction is as high as millions, attracting countless intermediaries to queue up at the gate of the community.</p><p><img src=\"https://static.tigerbbs.com/5cba89bfdd0411ecebbd8ba313f320bd\" tg-width=\"1024\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>Immediately afterwards, ordinary rich people also acted more. According to media reports, in the second half of last year, Shanghai was located<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>The number of listings of Shimao Riverside Garden, a luxury residential area, has surged.</p><p>Spring River Plumbing Duck Prophet, rich people selling luxury homes, is regarded as some kind of negative signal in the real estate market.</p><p>However, are the rich in a hurry to sell their properties?</p><p>The answer is: not necessarily.</p><p>Liang Hualong, a luxury residential agency in Beijing, told Salt Finance: \"In November and December last year, the number of listings increased significantly. But at the same time, after the epidemic was released, the amount of de-sales also increased. Therefore, the current inventory backlog is not significant.\"</p><p>Judging from the whole year of last year, the number of new listings of luxury houses in Beijing did not rise but fell. A reporter from Salt Finance saw in a luxury housing market research report that in 2022, the number of new second-hand luxury houses in Beijing will drop by 13.1% year-on-year.</p><p>The decline in new houses is precisely related to the correction of the second-hand luxury housing market. Due to the decrease of passenger flow and attention of second-hand luxury homes, owners who have no need for cash in the short term will postpone the sale of their homes</p><p>\"Now, the national market is divided. Whether the house works or not depends on whether the city works or not. When looking at the city, a big city like Beijing still needs to look carefully at whether each plate works or not,\" Tian Peng said. \"Simply saying that all houses can't work is purely eye-catching.\"</p><p>Despite the decline in transaction volume, most luxury residential brokers will say that the luxury residential market in first-tier cities is not that bad.</p><p>The reason is that the prices of second-hand luxury homes in these cities are still firm.</p><p>For example, in 2022, Beijing will sell 3,469 luxury homes with a total price of more than 15 million, a year-on-year decrease of 26.65%, but the average transaction price of 95,900 per square meter will still increase by 3.51%; A total of 1,391 second-hand luxury houses were sold in Shanghai, a year-on-year decrease of 41.33%, but the average transaction price increased by 7.08% year-on-year to 115,000 per square meter.</p><p>There are many specific reasons for the decline in luxury housing transactions last year.</p><p>Many people believe that the current luxury housing market is a rational return after the wild growth in 2020 and 2021. For example, the transaction volume of second-hand luxury homes in Beijing last year was actually slightly higher than that in 2018 and 2019, but compared with the peak in 2021, the year-on-year decline was particularly prominent.</p><p>Another factor is that the supply of new luxury homes in some cities will increase significantly in 2022. For example, Beijing increased by 31.87%, Shanghai increased by 10.25%, and the choice of new luxury houses increased, resulting in a decline in the transaction volume of second-hand luxury houses.</p><p>And real luxury houses may never lack popularity.</p><p>On January 17, 2023, a villa located on Huamu Road, Pudong New District, Shanghai, goes up for judicial auction online. The starting price was about 53.7 million, and a total of 210,000 people signed up. After two and a half hours of fierce bidding, it was finally sold for 118 million.</p><p>Liu Yi, who has been engaged in luxury house transactions in Shanghai for 10 years, told Salt Finance and Economics that it is indeed not much for the transaction price to reach twice the starting price. 1.5 times and 1.8 times are common situations. \"Basically, the auction price is a little higher than the market price, especially in the past two years\".</p><p><b>Who is \"spending a lot of money\"</b></p><p>Mansions can witness many stories, such as where money will go in this era.</p><p>In 2016, Gao Lin bought the flat floor of Guangzhou Qiaoxin Huiyuetai for 40 million yuan. Six years later, when the home was sold, the listing price was 145 million. It is said that Hong Kong singers Lin Zixiang and Ye Qianwen took over for 129 million yuan, and Gao Lin made a net profit of nearly 90 million yuan.</p><p>Tian Peng has had an obvious feeling since he joined the industry, that is, there are more and more young customers born in the 1990s. He told Salt Finance and Economics that one of them started their own businesses and became high-net-worth individuals, and the other was that their parents helped to buy them.</p><p>However, in an article by Ding Zuyu, he pointed out that a major change in the luxury housing market in 2022 is the increase in \"older customers\".</p><p>Last year, more than 90% of luxury home buyers were over 45 years old, and 30 + upstarts began to hide in the luxury home market.</p><p>Li Yujia, a well-known real estate researcher, told Salt Finance that the reason why the domestic luxury housing market has been fierce in the past few years is that the listing of \"specialized, special and new\" companies in the real estate, finance, Internet, and new energy industries on the small and medium-sized board and the GEM has contributed a group of luxury home buyers.</p><p>Now these industries are beginning to fall from their highs, causing the demand for luxury homes to collapse rapidly.</p><p>Coincidentally, the luxury housing market in New York also entered a dull period in the second half of last year. In 2022, 64% of luxury housing transactions in New York occurred in the first half of the year. Faced with the deteriorating stock market and declining income, most bankers, traders and financial services professionals decided to wait and see for the time being.</p><p>In some cities with limited purchasing power, in the face of a steady supply of new houses and luxury houses, there is a situation that \"rich people don't have enough\".</p><p>In June last year, Haiyue, the top luxury house in Nanjing, was pushed, and 116 suites were sold out on the same day; By the end of December, when all things in Haiyue were pushed again, there was no \"sunlight\" scene, and it took more than half a month for 46 suites to be sold.</p><p>Liang Hualong said that most of his clients are more concerned about their feelings when buying a house, especially a house worth more than 50 million yuan. When buying, the rich mainly look at one point: whether they like it or not.</p><p>However, luxury homes are still a money game for the super-rich. In addition to pure living, buying and selling luxury homes also plays an important role in optimizing asset allocation.</p><p>The ease of \"spending a lot of money\" may just be an appearance. Tian Peng said that after the first transaction, he discovered that the customer had been looking at the house for more than a year, and basically all the products at the same price had been seen.</p><p>Usually, mansions are so far away from ordinary people that accidentally peeking into a corner of them can cause shocks.</p><p>At the beginning of this year, a short video of a middle school student driving a basket at home stirred up an Internet storm, just because it was located in \"Wanliu Academy\", a famous luxury residential area in Beijing.</p><p><img src=\"https://static.tigerbbs.com/7b0c21f638c1fe68b0640c2198037e58\" tg-width=\"1024\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>The mansion shows differences everywhere to proclaim an order of rich and poor:</p><p>Every brick on the five-meter outer wall of Wanliu Academy came all the way from Holland; The water quality, sound and air inside the wall have reached the level of Swiss convalescence; The trash cans in the community are all made of pure copper. Most of the time, this mansion world is tightly closed.</p><p>According to several luxury agents, most of the wealthy people they come into contact with are humble but private. People outside the gate of the mansion can only find some clues through their actions of buying and selling real estate.</p><p>However, when a reporter from Salt Finance and Economics asked a luxury residential agent online to talk about the luxury residential market she saw, she was busy and sent a voice message saying that she was only selling houses and did not understand the market.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rich people dump mansions like crazy</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\">\nRich people dump mansions like crazy\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\">2023-02-05 12:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</b>Tian Peng always remembers the scene when he first opened the bill three years ago:</p><p>A customer saw it twice, and it took four days to decide to buy a luxury house with a transaction price of 60 million yuan.</p><p>\"At that time, it felt even more enjoyable to me than buying a bicycle\".</p><p>In the past few years, the number of wealthy people all over the world has been increasing, which has contributed to the hot luxury housing market to some extent.</p><p>In 2021, ultra-high net worth individuals with global net worth of more than US $30 million increased by 9.3% in one year, with an increase of 52,000.</p><p>The same is true at home. According to Barron's Weekly, in the first half of 2022, the number of ultra-high net worth people in China increased by 2.3%, reaching a total of more than 50,000.</p><p>But recently, there was a surprising news.</p><p>On the last day of 2022, E-House CEO Ding Zuyu said at a press conference that last year, the transaction volume of top luxury homes across the country with more than 50 million fell by 40% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/842b64ff8bd0a6b2c9639f69b1f42cf3\" tg-width=\"1024\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p><p>Some people say that rich people are fleeing mansions.</p><p>Is that the truth?</p><p><b>The mansion myth is broken</b></p><p>The popularity of luxury houses is the impression left on people in the past three years. Especially in the first half of last year, the property market across the country, including first-tier cities, completely stalled, but luxury houses went out of an independent market.</p><p>For example, in Guangzhou, the luxury houses in Zhujiang New Town have single-handedly raised the second-hand housing prices in Tianhe District; In Beijing and Shenzhen, the scene of luxury houses being sold out at the opening is still going on.</p><p>It is not only the ultimate enjoyment of living, but also the scarcity of location, area and quality, luxury houses are one of the most valuable assets in the world. Buying luxury homes has always been the first choice for the rich in the world when allocating assets.</p><p>Compared with ordinary houses, the market of luxury houses is niche and more resilient.</p><p>There is a saying circulating on the Internet: when the property market recovers, luxury houses go first, the property market falls, and luxury houses fall again at the last minute.</p><p>Globally, the impact of the pandemic over the past few years has hardly affected luxury homes. Two years ago,<a href=\"https://laohu8.com/S/00142\">First Pacific</a>A report by Davis Research shows that after a brief decline in the first half of 2020, the global luxury home capital value index resumed its growth momentum in the second half of 2020, growing 0.5% for the whole year.</p><p>The report also predicts that luxury home prices in Beijing, Shanghai, Guangzhou and Shenzhen, China, will continue to grow in 2021.</p><p>Indeed, as predicted, in 2021, the domestic luxury housing market will be extremely active, with prices and transaction volumes rising all the way, and the transaction volume of luxury houses in many first-tier cities will hit a new high in five years.</p><p><img src=\"https://static.tigerbbs.com/78484a3d33a64167701b6cc2b1065d18\" tg-width=\"1024\" tg-height=\"534\" referrerpolicy=\"no-referrer\"/></p><p>Now, however, the myth of luxury growth seems to be shattered.</p><p>According to the data disclosed by Ding Zuyu, throughout 2022, the transaction volume of new houses and luxury homes with more than 10 million and more than 30 million in the core ten cities across the country will still maintain a growth trend, rising by 10% and 5% respectively. However, the first-hand volume of top-notch luxury homes has fallen sharply-only 383 of more than 50 million top-notch new homes in the country were sold, down 40% year-on-year.</p><p>From the perspective of unit price, in 2022, the transaction volume of new luxury houses with a unit price of more than 150,000/square meter nationwide will also drop by 19%, with 422 transactions.</p><p>The situation of second-hand luxury housing market is even less optimistic.</p><p>The transaction volume of second-hand luxury homes in all price ranges has declined, of which those with more than 10 million fell by 42% year-on-year, those with more than 30 million fell by 28%, and those with more than 50 million fell by 18%.</p><p>Compared with 2021, the transaction volume of second-hand luxury homes with high unit prices nationwide has almost halved, the transaction volume of second-hand luxury homes above 100,000/square meter has fallen by 55%, and the transaction volume of second-hand luxury homes above 150,000/square meter has fallen by 52%.</p><p><img src=\"https://static.tigerbbs.com/9b4d431181d2bdde9bce1e0572b8fe33\" tg-width=\"1024\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/></p><p>Tian Peng, who is currently a researcher in a luxury housing brokerage agency, told Salt Finance reporter that the transaction volume of new luxury houses is higher than that of second-hand houses because \"new houses\" are attractive, and the price of first-and second-hand luxury houses is inverted.</p><p>Take Beijing as an example. Most luxury houses are located in price-limited plots, and some luxury houses belong to shared property houses. The government occupies 10% of the property rights, and buyers only need to bear 90% of the price-limited, which is \"equivalent to another 10% discount\".</p><p>Although it is common for luxury residential agents not to open for half a year, luxury residential managers have already felt the cold air of the market.</p><p>According to media reports, due to the decline in transaction volume, the store manager of the luxury residential sector in a first-tier city encountered the \"worst year\" since entering the industry in 2016.</p><p><b>Celebrity Sell-Off Isn't That Bad</b></p><p>In the past year, the news of celebrities selling luxury homes has increased significantly.</p><p>In July 2022, Zhang Yimou was rumored to have sold a villa in Wuxi, listed for 35 million, and finally sold for 61 million.</p><p>Two months later, Wong Cho Lam sold his mansion in Hong Kong for HK $45.8 million (about 41.1 million RMB).</p><p>Football player Gao Lin also sold his Jiangjing Daping Floor in Guangzhou Qiaoxin Huiyuetai, with a listing price of 145 million. The commission of this real estate transaction is as high as millions, attracting countless intermediaries to queue up at the gate of the community.</p><p><img src=\"https://static.tigerbbs.com/5cba89bfdd0411ecebbd8ba313f320bd\" tg-width=\"1024\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>Immediately afterwards, ordinary rich people also acted more. According to media reports, in the second half of last year, Shanghai was located<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>The number of listings of Shimao Riverside Garden, a luxury residential area, has surged.</p><p>Spring River Plumbing Duck Prophet, rich people selling luxury homes, is regarded as some kind of negative signal in the real estate market.</p><p>However, are the rich in a hurry to sell their properties?</p><p>The answer is: not necessarily.</p><p>Liang Hualong, a luxury residential agency in Beijing, told Salt Finance: \"In November and December last year, the number of listings increased significantly. But at the same time, after the epidemic was released, the amount of de-sales also increased. Therefore, the current inventory backlog is not significant.\"</p><p>Judging from the whole year of last year, the number of new listings of luxury houses in Beijing did not rise but fell. A reporter from Salt Finance saw in a luxury housing market research report that in 2022, the number of new second-hand luxury houses in Beijing will drop by 13.1% year-on-year.</p><p>The decline in new houses is precisely related to the correction of the second-hand luxury housing market. Due to the decrease of passenger flow and attention of second-hand luxury homes, owners who have no need for cash in the short term will postpone the sale of their homes</p><p>\"Now, the national market is divided. Whether the house works or not depends on whether the city works or not. When looking at the city, a big city like Beijing still needs to look carefully at whether each plate works or not,\" Tian Peng said. \"Simply saying that all houses can't work is purely eye-catching.\"</p><p>Despite the decline in transaction volume, most luxury residential brokers will say that the luxury residential market in first-tier cities is not that bad.</p><p>The reason is that the prices of second-hand luxury homes in these cities are still firm.</p><p>For example, in 2022, Beijing will sell 3,469 luxury homes with a total price of more than 15 million, a year-on-year decrease of 26.65%, but the average transaction price of 95,900 per square meter will still increase by 3.51%; A total of 1,391 second-hand luxury houses were sold in Shanghai, a year-on-year decrease of 41.33%, but the average transaction price increased by 7.08% year-on-year to 115,000 per square meter.</p><p>There are many specific reasons for the decline in luxury housing transactions last year.</p><p>Many people believe that the current luxury housing market is a rational return after the wild growth in 2020 and 2021. For example, the transaction volume of second-hand luxury homes in Beijing last year was actually slightly higher than that in 2018 and 2019, but compared with the peak in 2021, the year-on-year decline was particularly prominent.</p><p>Another factor is that the supply of new luxury homes in some cities will increase significantly in 2022. For example, Beijing increased by 31.87%, Shanghai increased by 10.25%, and the choice of new luxury houses increased, resulting in a decline in the transaction volume of second-hand luxury houses.</p><p>And real luxury houses may never lack popularity.</p><p>On January 17, 2023, a villa located on Huamu Road, Pudong New District, Shanghai, goes up for judicial auction online. The starting price was about 53.7 million, and a total of 210,000 people signed up. After two and a half hours of fierce bidding, it was finally sold for 118 million.</p><p>Liu Yi, who has been engaged in luxury house transactions in Shanghai for 10 years, told Salt Finance and Economics that it is indeed not much for the transaction price to reach twice the starting price. 1.5 times and 1.8 times are common situations. \"Basically, the auction price is a little higher than the market price, especially in the past two years\".</p><p><b>Who is \"spending a lot of money\"</b></p><p>Mansions can witness many stories, such as where money will go in this era.</p><p>In 2016, Gao Lin bought the flat floor of Guangzhou Qiaoxin Huiyuetai for 40 million yuan. Six years later, when the home was sold, the listing price was 145 million. It is said that Hong Kong singers Lin Zixiang and Ye Qianwen took over for 129 million yuan, and Gao Lin made a net profit of nearly 90 million yuan.</p><p>Tian Peng has had an obvious feeling since he joined the industry, that is, there are more and more young customers born in the 1990s. He told Salt Finance and Economics that one of them started their own businesses and became high-net-worth individuals, and the other was that their parents helped to buy them.</p><p>However, in an article by Ding Zuyu, he pointed out that a major change in the luxury housing market in 2022 is the increase in \"older customers\".</p><p>Last year, more than 90% of luxury home buyers were over 45 years old, and 30 + upstarts began to hide in the luxury home market.</p><p>Li Yujia, a well-known real estate researcher, told Salt Finance that the reason why the domestic luxury housing market has been fierce in the past few years is that the listing of \"specialized, special and new\" companies in the real estate, finance, Internet, and new energy industries on the small and medium-sized board and the GEM has contributed a group of luxury home buyers.</p><p>Now these industries are beginning to fall from their highs, causing the demand for luxury homes to collapse rapidly.</p><p>Coincidentally, the luxury housing market in New York also entered a dull period in the second half of last year. In 2022, 64% of luxury housing transactions in New York occurred in the first half of the year. Faced with the deteriorating stock market and declining income, most bankers, traders and financial services professionals decided to wait and see for the time being.</p><p>In some cities with limited purchasing power, in the face of a steady supply of new houses and luxury houses, there is a situation that \"rich people don't have enough\".</p><p>In June last year, Haiyue, the top luxury house in Nanjing, was pushed, and 116 suites were sold out on the same day; By the end of December, when all things in Haiyue were pushed again, there was no \"sunlight\" scene, and it took more than half a month for 46 suites to be sold.</p><p>Liang Hualong said that most of his clients are more concerned about their feelings when buying a house, especially a house worth more than 50 million yuan. When buying, the rich mainly look at one point: whether they like it or not.</p><p>However, luxury homes are still a money game for the super-rich. In addition to pure living, buying and selling luxury homes also plays an important role in optimizing asset allocation.</p><p>The ease of \"spending a lot of money\" may just be an appearance. Tian Peng said that after the first transaction, he discovered that the customer had been looking at the house for more than a year, and basically all the products at the same price had been seen.</p><p>Usually, mansions are so far away from ordinary people that accidentally peeking into a corner of them can cause shocks.</p><p>At the beginning of this year, a short video of a middle school student driving a basket at home stirred up an Internet storm, just because it was located in \"Wanliu Academy\", a famous luxury residential area in Beijing.</p><p><img src=\"https://static.tigerbbs.com/7b0c21f638c1fe68b0640c2198037e58\" tg-width=\"1024\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>The mansion shows differences everywhere to proclaim an order of rich and poor:</p><p>Every brick on the five-meter outer wall of Wanliu Academy came all the way from Holland; The water quality, sound and air inside the wall have reached the level of Swiss convalescence; The trash cans in the community are all made of pure copper. Most of the time, this mansion world is tightly closed.</p><p>According to several luxury agents, most of the wealthy people they come into contact with are humble but private. People outside the gate of the mansion can only find some clues through their actions of buying and selling real estate.</p><p>However, when a reporter from Salt Finance and Economics asked a luxury residential agent online to talk about the luxury residential market she saw, she was busy and sent a voice message saying that she was only selling houses and did not understand the market.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3681186\">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/f7fc6b52d206489dfbdcdb44ab212ea5","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3681186","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309716873","content_text":"与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。田鹏始终记得，三年前自己第一次开单时的场景：一位客户看了两次，用了四天时间，就决定买下一套豪宅，成交价6000万元。“当时给我感觉，比我买辆自行车，都还要痛快”。过去几年，全世界的有钱人正在不断增多，一定程度上助长了豪宅市场的火热。2021年，全球净资产在3000万美元以上的超高净值人群在一年内增长了9.3%，增长人数为5.2万人。国内的情况同样如此。根据《巴伦周刊》，2022年上半年，中国超高净值人数增长了2.3%，达到共5万多人。但最近却有一则消息令人意外。2022年的最后一天，易居CEO丁祖昱在一次发布会上表示，去年，全国5000万以上的顶级豪宅成交量同比下跌了40%。对此有人说，有钱人正在逃离豪宅。事实是这样吗？豪宅神话已破豪宅火爆，是过去三年给人们留下的印象。尤其在去年上半年，全国包括一线城市在内的楼市全面熄火，豪宅却走出了一条独立行情。比如，在广州，珠江新城的豪宅以一己之力带高了天河区二手房房价；在北京、深圳，豪宅盘开盘即售罄的场景仍在上演。不光是居住的极致享受，凭借地段、面积、品质的稀缺性，豪宅是世上最保值的资产之一。购买豪宅，也始终是全球富人资产配置时的首选。相比普通住宅，豪宅的市场小众、也更具备韧性。网上就流传着这样一句话：楼市复苏，豪宅先行，楼市下跌，豪宅最后一刻再跌。从全球范围来看，过去几年疫情的冲击几乎没有对豪宅产生影响。两年前，第一太平戴维斯研究部的一份报告显示，全球豪宅资本价值指数在2020年上半年短暂下滑之后，又在下半年恢复了增势，全年增长0.5%。报告还预测了中国北京、上海、广州、深圳的豪宅价格将在2021年继续增长。的确如预测般那样，2021年，国内豪宅市场极其活跃，价格与成交量一路高涨，多个一线城市的豪宅成交量创下五年内的新高。不过如今，豪宅增长的神话似乎破灭了。根据丁祖昱披露的数据，2022年全年，全国核心十城1000万以上与3000万以上的新房豪宅成交量仍然维持了增长趋势，分别上涨10%与5%。然而，顶级豪宅的一手成交量却出现了大幅下跌——全国5000万以上的顶级新房豪宅只成交了383套，同比下跌40%。从单价上来看，2022年，全国单价15万/平方米以上的新房豪宅成交量也下降了19%，成交数为422套。二手豪宅市场的情况更加不容乐观。各个价格区间的二手豪宅成交量均出现了下跌，其中1000万以上的同比下跌42%，3000万以上下跌28%，5000万以上下跌18%。与2021年相比，全国高单价的二手豪宅成交量几乎腰斩，10万/平方米以上的二手豪宅成交量下跌55%，15万/平方米以上的下跌了52%。目前在豪宅经纪机构从事研究员的田鹏告诉盐财经记者，豪宅新房成交量高于二手房，是因为“打新”具有吸引力，一二手豪宅存在价格倒挂。以北京为例，大部分豪宅盘位于限价地块，还有一部分豪宅属于共有产权房，政府占据10%的产权，买房者只需负担限价的90%，“相当于又打了9折”。尽管对于豪宅中介来说，半年不开张是常事，但豪宅经理人们已经感受到了市场的寒气。有媒体报道，由于成交量下降，在某一线城市的豪宅板块的门店经理，遇到了2016年入行以来“最差的一年”。名人抛售并没有那么坏过去一年，名人抛售豪宅的消息明显增多。2022年7月，张艺谋被传出售位于无锡的一套别墅，挂牌3500万，最终以6100万成交。两个月后，王祖蓝以4580万港元（约4110万人民币）卖掉了他在香港的豪宅。足球运动员郜林也出售了他在广州侨鑫汇悦台的江景大平层，挂牌价1.45亿。这笔房产交易佣金便高达上百万，引来无数中介在小区门口排起长龙。紧接着，普通富豪的动作也多了起来。有媒体报道，去年下半年，上海位于陆家嘴的豪宅小区世茂滨江花园挂牌量激增。春江水暖鸭先知，富人卖豪宅，被视作房地产市场的某种消极信号。不过，富人都在急着抛售房产吗？答案是：未必。位于北京的豪宅中介梁华龙对盐财经表示：“去年11月和12月，挂牌量明显增多。但与此同时，在疫情放开后，去化量也增多了。因此，目前库存积压情况并不显著。”从去年全年看来，北京豪宅的新增挂牌量不升反降。盐财经记者在一份豪宅市场研究报告中看到，2022年，北京二手豪宅新增房源同比下降了13.1%。而新增房源下降，恰恰与二手豪宅市场的回调有关。由于二手豪宅的客流与关注度减少，短期没有资金变现需求的业主便会推迟出售房“现在，全国市场是分化的。房子行不行，要看城市行不行。而看城市时，像北京这样的大城市，则还需细看各个板块行不行”，田鹏说，“单纯说所有房子都不行了纯是博眼球的。”尽管成交量出现下跌，但大多数豪宅经纪都会表示：一线城市的豪宅市场并没有那么坏。理由是这些城市的二手豪宅价格依旧坚挺。比如北京在2022年卖出3469套总价在1500万以上的豪宅，同比下降26.65%，但9.59万每平方米的成交均价还是上涨了3.51%；上海共成交1391套二手豪宅，同比下降41.33%，但成交均价同比上涨7.08%，为11.5万每平方米。去年的豪宅成交量下滑，有许多具体原因。许多人认为，现在的豪宅市场是经历了2020年、2021年疯长后的理性回归。比如去年北京二手豪宅成交量实际上略高于2018年与2019年，不过相比于2021年的高峰值，显得同比下滑尤为突出。另一个因素在于，2022年一些城市的新房豪宅供应明显增长。如北京增长了31.87%，上海增长了10.25%，新房豪宅的选择增多，导致二手豪宅成交量下滑。而真正的豪宅或许从来不缺人气。2023年1月17日，位于上海浦东新区花木路的一栋别墅在网上进行司法拍卖。起拍价约为5370万，共有21万人报名，经过两个半小时的激烈竞价，最终以1.18亿成交。在上海从事豪宅交易10年之久的刘亿告诉盐财经，成交价达到起拍价的两倍的确不多，1.5倍与1.8倍是常见情况，“基本上拍卖的都比市场价高一点，尤其是这两年”。谁在“一掷千金”豪宅能够见证许多故事，譬如这个时代的钱会流向何处。2016年，郜林用4000万元买下广州侨鑫汇悦台的大平层。六年后，当这套房子被出售时，挂牌价是1.45亿。据说，香港歌手林子祥、叶倩文夫妇以1.29亿元接手，一买一卖，郜林净赚近9000万。田鹏入行以来有一个明显的感受，即“90后”年轻客户越来越多。他告诉盐财经，他们中一类是自身创业成为高净值人群，另一类是父母帮助购买。不过在丁祖昱的一篇文章中，他指出2022年豪宅市场的一大改变在于，“年长客户”的增加。去年，有超过九成的豪宅购房者为45岁以上人群，30+的新贵们开始在豪宅市场中隐身。知名地产研究员李宇嘉对盐财经表示，前几年国内豪宅市场之所以势头凶猛，是因为地产、金融、互联网、新能源行业内“专精特新”企业在中小板、创业板的上市，贡献了一批豪宅购买者。如今这些行业开始出现高位回落，导致对豪宅的需求迅速坍塌。无独有偶，纽约的豪宅市场也在去年下半年进入平淡期，2022年纽约有64%的豪宅交易发生在上半年。面对恶化的股市与减少的收入，大多数的银行家、交易员与金融服务行业人员决定暂时观望。而在一些购买力本身有限的城市中，源源不断的新房豪宅供应面前，出现了“有钱人不太够用”的局面。去年6月，南京顶级豪宅海玥万物加推，116套房源当天售罄；到了12月底，海玥万物再度加推时，已不复“日光”景象，46套房源的去化用了大半个月时间。梁华龙表示，他的大部分客户在买房时更在意自己的感受，尤其是5000万以上的房子，富人们在购买时主要看一点：是否喜欢。不过，豪宅仍是超级富豪的资金游戏。除了纯粹的居住之外，买卖豪宅还有重要的优化资产配置的作用。“一掷千金”的轻松或许只是表象。田鹏说，在第一单成交后他才发现，那位客户已经看了一年多的房子，同价位产品基本上都已经看过。通常，豪宅距离普通人十分遥远，以至于不小心窥见其中的一个角落，就能引起震荡。今年年初，一位中学生在家中胯下运篮的短视频搅动了一场互联网风暴，只因它定位在“万柳书院”，北京著名的豪宅小区。豪宅处处彰显着不同，以宣告一种贫富的秩序：万柳书院五米外墙上的每一块砖头都是从荷兰远道而来；墙内的水质、声音、空气达到了瑞士疗养级水平；小区里的垃圾桶均由纯铜打造。大部分时候，这个豪宅世界是紧紧关闭的。根据几位豪宅中介的说法，他们接触的富豪大部分谦逊但注重隐私。在豪宅大门之外的人只能通过他们买卖房产的动作中，寻得一些蛛丝马迹。不过，当盐财经记者在网上请一位豪宅中介谈谈所看见的豪宅市场时，忙碌的她发过来一条语音说，她只是卖房的，并不懂市场。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622179530,"gmtCreate":1675328816422,"gmtModify":1676538993398,"author":{"id":"3539229655408025","authorId":"3539229655408025","name":"旷世猛男","avatar":"https://static.tigerbbs.com/50e5060505138cbcb3f792d17b7a4413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539229655408025","idStr":"3539229655408025"},"themes":[],"htmlText":"……","listText":"……","text":"……","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622179530","repostId":"2308066214","repostType":4,"isVote":1,"tweetType":1,"viewCount":1938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}