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小小小橘子

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小小小橘子

2023-03-01

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@Daily_Discussion:🔥Key events in the coming week, share your trading plans!

小小小橘子

2022-12-27

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@经济观察报:婚姻關係存續期間，一方父母爲子女購房出資的性質認定

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2022-12-21

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2022-12-14

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2022-12-12

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2022-12-11

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Li Xiang's Trillion-Yuan Automobile Empire Dream Starts with Organizational Change

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2022-12-11

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2022-12-10

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2022-12-09

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2022-12-08

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2022-12-07

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AMD, Nvidia, and 3 More Chip Stocks to Buy That Have Priced In the Downturn

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2022-12-07

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2022-12-02

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2022-12-01

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Following BYD, the number one emerging electric vehicle manufacturer has also raised its prices

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2022-12-01

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2022-11-29

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2022-11-28

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2022-11-27

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2022-11-25

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2022-11-24

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This is the place for you to share your trading ideas and win coins!<a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;470d3ab575ca43caaed8156645b7ccbe&quot;,&quot;type&quot;:3}\" target=\"_blank\">Click here to join the Topic &amp; Win coins &gt;&gt;</a>[Rewards]You will be given&nbsp;50 Tiger Coins according to the quality &amp; original of the post(NOTE: Comments posted under this article WILL NOT be counted)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.You will be given&nbsp;5 Tiger coins&nbsp;if you tag more than 3 friends in the comment areaMeanwhile, we will be listing the stocks mentioned by those selected Tig","listText":"Hi, Tigers!Welcome to&nbsp;Daily Discussion! 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Tig","images":[{"img":"https://community-static.tradeup.com/news/4b0899182972b373f96cf6d4bf40a820","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/1f448f02904920485f3f877f1fa37413","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/e961ee203328d401936b5a8ebda60e0e","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957405876","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925757963,"gmtCreate":1672116544952,"gmtModify":1676538636976,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"j","listText":"j","text":"j","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925757963","repostId":"621162084","repostType":1,"repost":{"id":621162084,"gmtCreate":1672114675000,"gmtModify":1676538636876,"author":{"id":"3577852034187700","authorId":"3577852034187700","name":"经济观察报","avatar":"https://static.tigerbbs.com/f64ac2aa784ef0f271ddeb45c7dc72bc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577852034187700","authorIdStr":"3577852034187700"},"themes":[],"title":"婚姻關係存續期間，一方父母爲子女購房出資的性質認定","htmlText":"王玉格/文 在當前高房價的背景下，因爲部分子女經濟條件有限，其父母在其購房時出資屬於常態，但是實踐中對於父母爲子女購房出資的性質屬於借貸還是贈與，各方可能存在着爭議。尤其是在子女婚姻關係破裂，面臨分割作爲夫妻共同財產的房屋時，父母、其子女及其子女配偶之間的矛盾尤爲突出、糾紛頻發。 從父母的角度講，其出資的本意是爲子女解決或改善居住條件，希望子女生活更加幸福，但在面臨子女婚姻關係破裂，要分割父母出資的房屋時，這種財產分割實際上還暗含了對父母財產的分割，可能會造成父母資產大幅度縮水甚至負債，反而違背了父母的出資本意。 從子女配偶的角度講，父母基於對子女的親情，往往自願出資爲子女購置房屋，大多數父母出資的目的是希望讓子女及其配偶能夠生活得更加幸福，而不是日後要回這筆出資。 在日常生活中，基於父母及子女配偶的親密關係，很少有通過事先協議的方式明確出資性質以及房屋產權歸屬的情況，大部分均爲沒有約定，或者約定不明。那麼當子女婚姻關係破裂，需要分割夫妻共同財產時，父母爲子女購房出資的性質到底如何認定，如何把握審判事務中的爭議焦點與判斷標準，讓我們通過以下幾個案例進行分析總結。 案例1：李某與劉某父等民間借貸糾紛一案（案號：(2019)京民申2635號） 再審申請人（一審被告、二審上訴人）：李某。 被申請人（一審原告、二審被上訴人）：劉某父。 被申請人（一審原告、二審被上訴人）：劉某母。 一審被告：劉某。 案情梳理 1.被申請人劉某父與劉某母系夫妻關係。再審申請人李某與一審被告劉某系夫妻關係。劉某系劉某父與劉某母之子，李某系劉某父與劉某母之兒媳。 2.2014年8月30日，李某與劉某登記結婚，於2016年舉辦結婚典禮後不久，雙方夫妻感情破裂，準備離婚。 3.李某與劉某婚姻關係存續期間，劉某父與劉某母爲李某與劉某購房出資137萬餘元。 4.截至本案再審審查程序中雙方尚處於婚姻關係存續狀態。","listText":"王玉格/文 在當前高房價的背景下，因爲部分子女經濟條件有限，其父母在其購房時出資屬於常態，但是實踐中對於父母爲子女購房出資的性質屬於借貸還是贈與，各方可能存在着爭議。尤其是在子女婚姻關係破裂，面臨分割作爲夫妻共同財產的房屋時，父母、其子女及其子女配偶之間的矛盾尤爲突出、糾紛頻發。 從父母的角度講，其出資的本意是爲子女解決或改善居住條件，希望子女生活更加幸福，但在面臨子女婚姻關係破裂，要分割父母出資的房屋時，這種財產分割實際上還暗含了對父母財產的分割，可能會造成父母資產大幅度縮水甚至負債，反而違背了父母的出資本意。 從子女配偶的角度講，父母基於對子女的親情，往往自願出資爲子女購置房屋，大多數父母出資的目的是希望讓子女及其配偶能夠生活得更加幸福，而不是日後要回這筆出資。 在日常生活中，基於父母及子女配偶的親密關係，很少有通過事先協議的方式明確出資性質以及房屋產權歸屬的情況，大部分均爲沒有約定，或者約定不明。那麼當子女婚姻關係破裂，需要分割夫妻共同財產時，父母爲子女購房出資的性質到底如何認定，如何把握審判事務中的爭議焦點與判斷標準，讓我們通過以下幾個案例進行分析總結。 案例1：李某與劉某父等民間借貸糾紛一案（案號：(2019)京民申2635號） 再審申請人（一審被告、二審上訴人）：李某。 被申請人（一審原告、二審被上訴人）：劉某父。 被申請人（一審原告、二審被上訴人）：劉某母。 一審被告：劉某。 案情梳理 1.被申請人劉某父與劉某母系夫妻關係。再審申請人李某與一審被告劉某系夫妻關係。劉某系劉某父與劉某母之子，李某系劉某父與劉某母之兒媳。 2.2014年8月30日，李某與劉某登記結婚，於2016年舉辦結婚典禮後不久，雙方夫妻感情破裂，準備離婚。 3.李某與劉某婚姻關係存續期間，劉某父與劉某母爲李某與劉某購房出資137萬餘元。 4.截至本案再審審查程序中雙方尚處於婚姻關係存續狀態。","text":"王玉格/文 在當前高房價的背景下，因爲部分子女經濟條件有限，其父母在其購房時出資屬於常態，但是實踐中對於父母爲子女購房出資的性質屬於借貸還是贈與，各方可能存在着爭議。尤其是在子女婚姻關係破裂，面臨分割作爲夫妻共同財產的房屋時，父母、其子女及其子女配偶之間的矛盾尤爲突出、糾紛頻發。 從父母的角度講，其出資的本意是爲子女解決或改善居住條件，希望子女生活更加幸福，但在面臨子女婚姻關係破裂，要分割父母出資的房屋時，這種財產分割實際上還暗含了對父母財產的分割，可能會造成父母資產大幅度縮水甚至負債，反而違背了父母的出資本意。 從子女配偶的角度講，父母基於對子女的親情，往往自願出資爲子女購置房屋，大多數父母出資的目的是希望讓子女及其配偶能夠生活得更加幸福，而不是日後要回這筆出資。 在日常生活中，基於父母及子女配偶的親密關係，很少有通過事先協議的方式明確出資性質以及房屋產權歸屬的情況，大部分均爲沒有約定，或者約定不明。那麼當子女婚姻關係破裂，需要分割夫妻共同財產時，父母爲子女購房出資的性質到底如何認定，如何把握審判事務中的爭議焦點與判斷標準，讓我們通過以下幾個案例進行分析總結。 案例1：李某與劉某父等民間借貸糾紛一案（案號：(2019)京民申2635號） 再審申請人（一審被告、二審上訴人）：李某。 被申請人（一審原告、二審被上訴人）：劉某父。 被申請人（一審原告、二審被上訴人）：劉某母。 一審被告：劉某。 案情梳理 1.被申請人劉某父與劉某母系夫妻關係。再審申請人李某與一審被告劉某系夫妻關係。劉某系劉某父與劉某母之子，李某系劉某父與劉某母之兒媳。 2.2014年8月30日，李某與劉某登記結婚，於2016年舉辦結婚典禮後不久，雙方夫妻感情破裂，準備離婚。 3.李某與劉某婚姻關係存續期間，劉某父與劉某母爲李某與劉某購房出資137萬餘元。 4.截至本案再審審查程序中雙方尚處於婚姻關係存續狀態。","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/621162084","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926417838,"gmtCreate":1671605458324,"gmtModify":1676538562917,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"v","listText":"v","text":"v","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926417838","repostId":"2293399174","repostType":4,"isVote":1,"tweetType":1,"viewCount":5009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921125299,"gmtCreate":1671004883012,"gmtModify":1676538474462,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921125299","repostId":"1112200348","repostType":4,"isVote":1,"tweetType":1,"viewCount":5092,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923680710,"gmtCreate":1670848540330,"gmtModify":1676538445139,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/TSM\">$台积电(TSM)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSM\">$台积电(TSM)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$台积电(TSM)$","images":[{"img":"https://community-static.tradeup.com/news/017c6e66791b6784ac11d45f2ce74635","width":"1125","height":"6256"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923680710","isVote":1,"tweetType":1,"viewCount":5179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9929766043,"gmtCreate":1670733441982,"gmtModify":1676538425562,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929766043","repostId":"1156255334","repostType":4,"repost":{"id":"1156255334","kind":"news","pubTimestamp":1670721209,"share":"https://ttm.financial/m/news/1156255334?lang=en_US&edition=fundamental","pubTime":"2022-12-11 09:13","market":"us","language":"zh","title":"Li Xiang's Trillion-Yuan Automobile Empire Dream Starts with Organizational Change","url":"https://stock-news.laohu8.com/highlight/detail?id=1156255334","media":"赛博汽车","summary":"随着第三季度财报的发布，理想汽车成立以来最深刻的一场变革，正式拉开了大幕。这场变革的核心，是理想垂直职能组织的管理模式向矩阵型组织的升级。按照计划，在接下来的三年中，理想将在原有的两个横向实体部门的基","content":"<p><html><head></head><body>With the release of its third-quarter financial report, the most profound transformation since the founding of Li Auto has officially begun.</p><p>The core of this transformation is the upgrading of the management model of the ideal vertical functional organization to a matrix organization. As planned,<b>Over the next three years, Li Auto will add five horizontal entity departments to its existing two, and will transform its management processes towards integration.</b></p><p>Li Xiang stated frankly that by next year... As Li Auto enters the stage of achieving annual revenue of hundreds of billions of yuan, the growth of its scale will require a more suitable organizational structure and processes to adapt to it.</p><p>At the same time, Ideal's management has also made a series of adjustments.<b>Shen Yanan will resign as president and step down from the board of directors. He will subsequently join the Li Auto Process Reform Committee.</b>According to the disclosed information, Shen Yanan will eventually leave Li Auto completely.</p><p><b>Replacing Shen Yanan as president is Ma Donghui, the former chief engineer of Li Auto with a background in vehicle engineering, while Xie Yan, who has experience in developing underlying software architecture, will take over the position of CTO in charge of R&D.</b></p><p>The most obvious characteristic is the change in senior management and the leadership of technicians. Judging from the backgrounds of the two individuals mentioned above, we can also get a glimpse of the key directions of Li Auto's future R&D work.</p><p><b>Ideal organizational structure change, from vertical management to matrix management</b></p><p>In an open letter to internal employees, Li Xiang announced that Li Auto had fully launched a matrix-based organizational upgrade, and also introduced the details of this organizational reform.</p><p><b>In short, it means transforming the original vertical functional management into a matrix-based organizational management model.</b></p><p>Specifically, Li Auto will build upon its existing two horizontal entities, the Strategy Department and the Product Department.<b>Five new physical departments have been added, including the Commerce Department, Supply Department, Process Department, Organization Department, and Finance Department, based on specific business operations. The ideal organizational matrix consists of these seven horizontal entity departments.</b></p><p>During the third-quarter earnings call, Li Xiang stated that the biggest characteristic of the matrix-based organizational management model is that it can ensure quality management throughout the entire enterprise process. To illustrate this with an example:</p><p>\"The horizontal team is responsible for the planning, operation and repair of the route, while the vertical team's task is to build, drive and operate the vehicles. High-quality roads combined with a high-level fleet can create a virtuous cycle in business.\"</p><p>While dividing the matrix organization, there are also charters for the management process within the matrix.<b>Over the next three years, Li Auto will gradually implement seven primary processes: DSTE (Strategy to Execution), IPD (Integrated Product Development), IPMS (Integrated Product Marketing and Sales), ISC (Integrated Supply Chain), BT&IT, LTD, and IFS, forming the minimum operational closed loop of Li Auto's matrix organization.</b></p><p>Many of the management processes adopted by Li Auto can also be found in many large companies. For example, Huawei introduced a series of management methodologies such as DSTE, IPD, IPMS, and ISC from IBM around 2000, when its business began to take off.</p><p>Looking back at Li Auto's matrix-based organizational structure, it shares some similarities with XPeng Motors' recent organizational adjustments. Both use a horizontal matrix to divide functional segments and coordinate with vertical business lines.</p><p>However, unlike the frontline reforms in XPeng,<b>This adjustment by Li Auto is a large-scale rollout based on the experience gained from small-scale pilot programs.</b></p><p>Li Xiang revealed that as early as two years ago, Li Auto began using IPD for product development. Currently, Li Auto's second-generation models, including the L9, L8, and L7, are all products that centralize the product development process.</p><p>Judging from the market feedback that the Li Auto L9 surpassed 10,000 units in its first month of delivery, Li Auto's early pilot programs have indeed achieved results.</p><p>Therefore, after two years of small-scale pilot programs, Li Auto finally launched a large-scale organizational reform as it approached 2023.</p><p>Of course, the timing of the ideal organization's adjustment was not only due to the success of the early pilot programs, but more importantly, Li Xiang's optimistic assessment of the future prospects.</p><p><b>Li Xiang believes that Li Auto will enter a stage of annual revenue reaching hundreds of billions of yuan by next year. At this stage, the ideal has moved from the 0-1 stage to the 1-10 stage.</b></p><p><b>During this phase, any poor major decision and low-quality product delivery can be devastating to the company. The characteristics of matrix-based organizational full-process quality management allow ideals to avoid pitfalls in the growth process.</b></p><p><b>Ideally, personnel changes should focus on technical assignments to managers.</b></p><p>While carrying out organizational reforms, Li Auto's management also made a series of personnel adjustments. According to official Li Auto news, these adjustments mainly involve three senior executives.</p><p><img src=\"https://static.tigerbbs.com/a920023e9c13f2c6bbe321a144fc4083\" tg-width=\"1400\" tg-height=\"926\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Shen Yanan, co-founder and current president of Li Auto</p><p><b>First, Shen Yanan, co-founder and current president of Li Auto, will step down as president and step down from the board of directors effective January 1 next year. Shen Yanan will subsequently join the Process Change Committee. After assisting in the completion of organizational change, she will completely leave Li Auto.</b></p><p>In fact, as one of the co-founders of Li Auto, the news of Shen Yanan's departure from Li Auto is not surprising. In early September this year, Shen Yanan sold Li Auto shares twice in Hong Kong in less than a week, reducing her holdings by a total of 1 million shares, reducing her shareholding ratio from 1.74% to 1.71%, and cashing out nearly 100 million yuan in total.</p><p>Although the shareholding ratio did not decrease much, it was at the height of the storm when the delivery data of the Li Auto ONE was discontinued and fractured in August was released, and the new product Li Auto L9 had just started deliveries, and its market performance was still unclear.</p><p>As the company's second-in-command, choosing to reduce his stock holdings at such a sensitive time cannot help but make people think twice. Perhaps at that time, Shen Yanan had already made plans to withdraw from the core management team and leave Ideal.</p><p><b>Shen Yanan stepped down, and the vacant president position was handed over to Ma Donghui, another co-founder of Li Auto and current chief engineer of the company, who is responsible for the overall R&D and supply group. Ma Donghui also joined Li Auto's board of directors.</b></p><p>It is reported that after Wang Kai, the former CTO of Li Auto, resigned at the beginning of this year, Ma Donghui also took on the responsibilities of CTO. After taking office as president, the position of CTO was taken over by Xie Yan, the former senior vice president, who was fully responsible for the research and development of the system and computing group.</p><p>Besides the job changes, the backgrounds of Ma Donghui and Xie Yan are also worth reviewing.</p><p><img src=\"https://static.tigerbbs.com/d87615b1b281459d10d51521fcaf538b\" tg-width=\"1399\" tg-height=\"934\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Ma Donghui, co-founder and current chief engineer of Li Auto</p><p>Public information shows that Ma Donghui graduated from Wuhan University of Technology in 1999 with a major in Power Engineering, and then obtained a master's degree in Mechanical Manufacturing and Automation from Shanghai University in 2003.</p><p>Since the inception of Li Auto, Ma Donghui has served as the company's chief engineer, mainly responsible for the work of the Li Auto product R&D group, including multiple business modules such as styling design, vehicle electric, intelligent space, intelligent driving, computing power architecture, and R&D and operation.</p><p>Prior to joining Li Auto, Ma Donghui served as the director of the research institute at Sany Heavy Industry Body Co., Ltd., possessing extensive experience in vehicle R&D.</p><p><img src=\"https://static.tigerbbs.com/0665c98a2f5503d4aad68e3bcdc3260d\" tg-width=\"1400\" tg-height=\"928\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Xie Yan, the current head of the systems R&D department at Li Auto</p><p>Xie Yan received a Bachelor of Science degree in Information and Electronic Engineering from Zhejiang University in 2001 and a Master of Science degree in Computer Engineering from the University of Delaware in 2003.</p><p>Prior to joining Li Auto, Xie Yan served as the chief architect and rotating general manager of Alibaba's AliOS business group, responsible for the technical architecture design and R&D management of mobile operating systems. In 2019, Xie Yandi joined Huawei after leaving Alibaba, where he was responsible for the research and development of Huawei's HarmonyOS.</p><p>A review of Xie Yan's academic background and professional experience reveals that he has extensive experience in the underlying operating systems of automotive software.</p><p><b>One is a vehicle manufacturer, and the other is a software manufacturer. Although they have different strengths, the common thread reflected in this personnel adjustment by Li Auto is that they both have technical backgrounds.</b></p><p><b>In other words, after Shen Yanan, who has a background in supply chain management, leaves, Li Auto will be led by technology.</b></p><p><b>This also means that ideal technology research and development work will be placed at an unprecedented level. Li Xiang's R&D strategy from now until a considerable period in the future was also made clearer in his speech at the financial report conference.</b></p><p>Li Xiang stated that Li Auto's current R&D work is mainly divided into three sections. The first is product development, which is the R&D and design of new models. Secondly, there is the research and development of technology platforms, including a new generation of range-extended electric platforms, high-voltage pure electric platforms, intelligent cockpit platforms, and intelligent driving platforms. Thirdly, there is the research and development of the underlying system, which mainly involves the infrastructure construction of the underlying software.</p><p><b>In terms of investment priority among the three major R&D sectors, the technology platform currently receives the most resource investment, followed by the research and development of vehicle models and underlying systems.</b></p><p>This R&D layout logic aligns with the current ideal situation.</p><p>Firstly, from a product perspective, Li Auto is currently in a state of rapid expansion of its product matrix, which also means that Li Auto needs to improve the reuse rate of platform technology on different models and enhance development efficiency through platformization.</p><p>Secondly, Li Auto is currently at a critical juncture in its entry into the pure electric vehicle field, and it is inevitable that it will put the research and development of high-voltage pure electric platforms in an advantageous position.</p><p>According to the plan, Li Auto's first pure electric vehicle will be delivered next year. This pure electric vehicle will be equipped with 800V high-voltage pure electric platform components, including power chips, power modules, electronic controls, motors, transmission systems, etc., all of which will be developed by Li Auto.</p><p>Meanwhile, Li Auto previously stated in its prospectus that, along with the launch of its pure electric vehicles, the company will also develop and build its own high-power charging network.</p><p>For Ideal, which started and grew through range extenders, the first product is crucial to whether it can achieve the same market recognition and success in the pure electric vehicle sector.</p><p>However, Li Xiang also said that in the long run, the research and development of the underlying system may exceed the research and development of the car model. In the ideal plan, this part includes the underlying OS, supercomputing platform, cloud services, IT system, computing platform support, etc., which almost encompasses everything in automotive software development.</p><p>In addition, in May of this year, Li Auto also established a chip design company to expand into the chip sector.</p><p>Following the above arrangement, it can be seen that the ideal R&D layout can actually be divided into two phases:</p><p><b>First, the current goal is to develop platform-based reuse capabilities in four areas: range-extended, pure electric, cockpit, and intelligent driving, and to maximize the scope of self-developed technologies and enhance Ideal's vertical integration capabilities.</b></p><p><b>Secondly, for a considerable period of time to come, we will need to build a full-stack capability in terms of intelligentization, from hardware to software underlying architecture and then to upper-level algorithm capabilities, so as to take control of the autonomy of software-defined cars.</b></p><p>Looking back at Li Auto's journey, it has achieved sales miracles and product reputation, but compared with Nio and XPeng, it has also been criticized for insufficient technological investment.</p><p>As Li Auto grows in scale, it now needs to make up for all the lessons it has learned in research and development, retracing the path taken by Nio and XPeng, and even going deeper and further.</p><p>Of course, the realization of the blueprint also involves substantial financial investment. In terms of R&D expenses, Li Auto has seen a visible increase in recent quarters.</p><p><img src=\"https://static.tigerbbs.com/6ce1e29942d721ce7b1a4d6216d2d8f0\" tg-width=\"1399\" tg-height=\"831\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Financial reports show that Li Auto's R&D expenditure surpassed that of XPeng in the first quarter of this year, and by the third quarter of this year, this figure had grown to 1.8 billion yuan, reaching the highest point in Li Auto's history.</b></p><p>Barring any unforeseen circumstances, this high point will continue to be refreshed in the future. According to Li Tie, CFO of Li Auto, Li Auto's R&D expenditure this year is approximately 7 billion yuan, and this figure will further increase to 10-12 billion yuan in 2023.</p><p><b>R&D investment has reached its peak, and fourth-quarter sales guidance is optimistic.</b></p><p>Finally, let's take a look at Li Auto's operating performance in the third quarter of this year.</p><p>Financial reports show that Li Auto's revenue in the third quarter was 9.34 billion yuan, a year-on-year increase of 20.2% and a 7% increase over the previous quarter. Among them, revenue from the automotive business was 9.05 billion yuan, an increase of 25% year-on-year and 6.6% month-on-month. The revenue growth was due to the higher average selling price of the Li Auto L9.</p><p>In terms of deliveries, Li Auto delivered a total of 26,524 new vehicles in the third quarter, a 5.6% increase compared to the same period last year, but an 8% decrease compared to the previous quarter. The decline in deliveries was mainly due to the large-scale production cuts of Li Auto ONE in August.</p><p><b>However, judging from the subsequent delivery trends, although Li Auto's deliveries suffered a setback in August, it still smoothly completed the switch between old and new products. In the following three months, it gradually returned to a high level. By November, Li Auto broke its monthly delivery record with 15,034 vehicles delivered.</b></p><p><img src=\"https://static.tigerbbs.com/d8fac9a6c225e1f8f05c3db87bfd25f6\" tg-width=\"1399\" tg-height=\"831\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the third quarter, Ideal's cost of sales was RMB 8.16 billion, an increase of 36.8% compared to the same period last year and an increase of 19.1% compared to the second quarter. Compared to the increase in revenue, Ideal's cost of sales has increased disproportionately significantly.<b>Li Auto stated that this was mainly due to the increase in average cost of sales caused by the delivery of the new product Li Auto L9, coupled with the loss of inventory reserves and purchase commitments for Li Auto ONE caused by the launch of the L8.</b></p><p>As a result, Li Auto's gross profit margin fell sharply to 12.7% this quarter from 21.5% in the previous quarter, the lowest point since its listing on the US stock market.</p><p><img src=\"https://static.tigerbbs.com/c6ee523cdcbc1341bff1199ad2a23250\" tg-width=\"1398\" tg-height=\"830\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In terms of expenses, Li Auto's R&D expenditure this quarter was RMB 1.8 billion, a year-on-year increase of 103% and a quarter-on-quarter increase of 17.8%. Selling, general and administrative expenses were RMB 1.51 billion, up 47.6% year-on-year and 13.8% month-on-month.</p><p>In terms of losses, Li Auto reported a net loss of 1.65 billion yuan in the third quarter, an increase of 157% quarter-on-quarter, indicating a significant widening of the losses.</p><p>As of the end of the third quarter of this year, Ideal's cash and cash equivalents were RMB 55.83 billion, an increase of RMB 2.18 billion from the end of the previous quarter.</p><p>The above are Li Auto's third-quarter results. There are highlights, but the profitability issues are also significant due to the impact of the Li Auto ONE production discontinuation controversy.</p><p>However, Li Auto is clearly very optimistic about its future business performance.</p><p>Financial reports show that Li Auto expects to deliver 45,000-48,000 vehicles in the fourth quarter of this year, and its revenue will increase to 16.51-17.61 billion yuan during the same period.</p><p>Meanwhile, with the further expansion of L9 and L8 deliveries, Li Auto has also given a positive outlook for next year. Li Auto stated that by 2023, the steady-state monthly deliveries of L9 can reach 8,000-11,000 vehicles, and the steady-state monthly sales of L8 will reach 10,000-14,000 vehicles.</p><p>Based on calculations, Li Auto's steady-state monthly deliveries could reach 18,000-25,000 vehicles next year. In addition, the L7 will also be put into delivery soon, and this figure is expected to increase further.</p><p>From this perspective, Li Xiang's small goal of earning 100 billion yuan next year is really not something to be taken lightly.</p><p></body></html></p>","source":"lsy1666839543395","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 Xiang's Trillion-Yuan Automobile Empire Dream Starts with Organizational Change</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 Xiang's Trillion-Yuan Automobile Empire Dream Starts with Organizational Change\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">赛博汽车</strong><span class=\"h-time small\">2022-12-11 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>With the release of its third-quarter financial report, the most profound transformation since the founding of Li Auto has officially begun.</p><p>The core of this transformation is the upgrading of the management model of the ideal vertical functional organization to a matrix organization. As planned,<b>Over the next three years, Li Auto will add five horizontal entity departments to its existing two, and will transform its management processes towards integration.</b></p><p>Li Xiang stated frankly that by next year... As Li Auto enters the stage of achieving annual revenue of hundreds of billions of yuan, the growth of its scale will require a more suitable organizational structure and processes to adapt to it.</p><p>At the same time, Ideal's management has also made a series of adjustments.<b>Shen Yanan will resign as president and step down from the board of directors. He will subsequently join the Li Auto Process Reform Committee.</b>According to the disclosed information, Shen Yanan will eventually leave Li Auto completely.</p><p><b>Replacing Shen Yanan as president is Ma Donghui, the former chief engineer of Li Auto with a background in vehicle engineering, while Xie Yan, who has experience in developing underlying software architecture, will take over the position of CTO in charge of R&D.</b></p><p>The most obvious characteristic is the change in senior management and the leadership of technicians. Judging from the backgrounds of the two individuals mentioned above, we can also get a glimpse of the key directions of Li Auto's future R&D work.</p><p><b>Ideal organizational structure change, from vertical management to matrix management</b></p><p>In an open letter to internal employees, Li Xiang announced that Li Auto had fully launched a matrix-based organizational upgrade, and also introduced the details of this organizational reform.</p><p><b>In short, it means transforming the original vertical functional management into a matrix-based organizational management model.</b></p><p>Specifically, Li Auto will build upon its existing two horizontal entities, the Strategy Department and the Product Department.<b>Five new physical departments have been added, including the Commerce Department, Supply Department, Process Department, Organization Department, and Finance Department, based on specific business operations. The ideal organizational matrix consists of these seven horizontal entity departments.</b></p><p>During the third-quarter earnings call, Li Xiang stated that the biggest characteristic of the matrix-based organizational management model is that it can ensure quality management throughout the entire enterprise process. To illustrate this with an example:</p><p>\"The horizontal team is responsible for the planning, operation and repair of the route, while the vertical team's task is to build, drive and operate the vehicles. High-quality roads combined with a high-level fleet can create a virtuous cycle in business.\"</p><p>While dividing the matrix organization, there are also charters for the management process within the matrix.<b>Over the next three years, Li Auto will gradually implement seven primary processes: DSTE (Strategy to Execution), IPD (Integrated Product Development), IPMS (Integrated Product Marketing and Sales), ISC (Integrated Supply Chain), BT&IT, LTD, and IFS, forming the minimum operational closed loop of Li Auto's matrix organization.</b></p><p>Many of the management processes adopted by Li Auto can also be found in many large companies. For example, Huawei introduced a series of management methodologies such as DSTE, IPD, IPMS, and ISC from IBM around 2000, when its business began to take off.</p><p>Looking back at Li Auto's matrix-based organizational structure, it shares some similarities with XPeng Motors' recent organizational adjustments. Both use a horizontal matrix to divide functional segments and coordinate with vertical business lines.</p><p>However, unlike the frontline reforms in XPeng,<b>This adjustment by Li Auto is a large-scale rollout based on the experience gained from small-scale pilot programs.</b></p><p>Li Xiang revealed that as early as two years ago, Li Auto began using IPD for product development. Currently, Li Auto's second-generation models, including the L9, L8, and L7, are all products that centralize the product development process.</p><p>Judging from the market feedback that the Li Auto L9 surpassed 10,000 units in its first month of delivery, Li Auto's early pilot programs have indeed achieved results.</p><p>Therefore, after two years of small-scale pilot programs, Li Auto finally launched a large-scale organizational reform as it approached 2023.</p><p>Of course, the timing of the ideal organization's adjustment was not only due to the success of the early pilot programs, but more importantly, Li Xiang's optimistic assessment of the future prospects.</p><p><b>Li Xiang believes that Li Auto will enter a stage of annual revenue reaching hundreds of billions of yuan by next year. At this stage, the ideal has moved from the 0-1 stage to the 1-10 stage.</b></p><p><b>During this phase, any poor major decision and low-quality product delivery can be devastating to the company. The characteristics of matrix-based organizational full-process quality management allow ideals to avoid pitfalls in the growth process.</b></p><p><b>Ideally, personnel changes should focus on technical assignments to managers.</b></p><p>While carrying out organizational reforms, Li Auto's management also made a series of personnel adjustments. According to official Li Auto news, these adjustments mainly involve three senior executives.</p><p><img src=\"https://static.tigerbbs.com/a920023e9c13f2c6bbe321a144fc4083\" tg-width=\"1400\" tg-height=\"926\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Shen Yanan, co-founder and current president of Li Auto</p><p><b>First, Shen Yanan, co-founder and current president of Li Auto, will step down as president and step down from the board of directors effective January 1 next year. Shen Yanan will subsequently join the Process Change Committee. After assisting in the completion of organizational change, she will completely leave Li Auto.</b></p><p>In fact, as one of the co-founders of Li Auto, the news of Shen Yanan's departure from Li Auto is not surprising. In early September this year, Shen Yanan sold Li Auto shares twice in Hong Kong in less than a week, reducing her holdings by a total of 1 million shares, reducing her shareholding ratio from 1.74% to 1.71%, and cashing out nearly 100 million yuan in total.</p><p>Although the shareholding ratio did not decrease much, it was at the height of the storm when the delivery data of the Li Auto ONE was discontinued and fractured in August was released, and the new product Li Auto L9 had just started deliveries, and its market performance was still unclear.</p><p>As the company's second-in-command, choosing to reduce his stock holdings at such a sensitive time cannot help but make people think twice. Perhaps at that time, Shen Yanan had already made plans to withdraw from the core management team and leave Ideal.</p><p><b>Shen Yanan stepped down, and the vacant president position was handed over to Ma Donghui, another co-founder of Li Auto and current chief engineer of the company, who is responsible for the overall R&D and supply group. Ma Donghui also joined Li Auto's board of directors.</b></p><p>It is reported that after Wang Kai, the former CTO of Li Auto, resigned at the beginning of this year, Ma Donghui also took on the responsibilities of CTO. After taking office as president, the position of CTO was taken over by Xie Yan, the former senior vice president, who was fully responsible for the research and development of the system and computing group.</p><p>Besides the job changes, the backgrounds of Ma Donghui and Xie Yan are also worth reviewing.</p><p><img src=\"https://static.tigerbbs.com/d87615b1b281459d10d51521fcaf538b\" tg-width=\"1399\" tg-height=\"934\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Ma Donghui, co-founder and current chief engineer of Li Auto</p><p>Public information shows that Ma Donghui graduated from Wuhan University of Technology in 1999 with a major in Power Engineering, and then obtained a master's degree in Mechanical Manufacturing and Automation from Shanghai University in 2003.</p><p>Since the inception of Li Auto, Ma Donghui has served as the company's chief engineer, mainly responsible for the work of the Li Auto product R&D group, including multiple business modules such as styling design, vehicle electric, intelligent space, intelligent driving, computing power architecture, and R&D and operation.</p><p>Prior to joining Li Auto, Ma Donghui served as the director of the research institute at Sany Heavy Industry Body Co., Ltd., possessing extensive experience in vehicle R&D.</p><p><img src=\"https://static.tigerbbs.com/0665c98a2f5503d4aad68e3bcdc3260d\" tg-width=\"1400\" tg-height=\"928\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Xie Yan, the current head of the systems R&D department at Li Auto</p><p>Xie Yan received a Bachelor of Science degree in Information and Electronic Engineering from Zhejiang University in 2001 and a Master of Science degree in Computer Engineering from the University of Delaware in 2003.</p><p>Prior to joining Li Auto, Xie Yan served as the chief architect and rotating general manager of Alibaba's AliOS business group, responsible for the technical architecture design and R&D management of mobile operating systems. In 2019, Xie Yandi joined Huawei after leaving Alibaba, where he was responsible for the research and development of Huawei's HarmonyOS.</p><p>A review of Xie Yan's academic background and professional experience reveals that he has extensive experience in the underlying operating systems of automotive software.</p><p><b>One is a vehicle manufacturer, and the other is a software manufacturer. Although they have different strengths, the common thread reflected in this personnel adjustment by Li Auto is that they both have technical backgrounds.</b></p><p><b>In other words, after Shen Yanan, who has a background in supply chain management, leaves, Li Auto will be led by technology.</b></p><p><b>This also means that ideal technology research and development work will be placed at an unprecedented level. Li Xiang's R&D strategy from now until a considerable period in the future was also made clearer in his speech at the financial report conference.</b></p><p>Li Xiang stated that Li Auto's current R&D work is mainly divided into three sections. The first is product development, which is the R&D and design of new models. Secondly, there is the research and development of technology platforms, including a new generation of range-extended electric platforms, high-voltage pure electric platforms, intelligent cockpit platforms, and intelligent driving platforms. Thirdly, there is the research and development of the underlying system, which mainly involves the infrastructure construction of the underlying software.</p><p><b>In terms of investment priority among the three major R&D sectors, the technology platform currently receives the most resource investment, followed by the research and development of vehicle models and underlying systems.</b></p><p>This R&D layout logic aligns with the current ideal situation.</p><p>Firstly, from a product perspective, Li Auto is currently in a state of rapid expansion of its product matrix, which also means that Li Auto needs to improve the reuse rate of platform technology on different models and enhance development efficiency through platformization.</p><p>Secondly, Li Auto is currently at a critical juncture in its entry into the pure electric vehicle field, and it is inevitable that it will put the research and development of high-voltage pure electric platforms in an advantageous position.</p><p>According to the plan, Li Auto's first pure electric vehicle will be delivered next year. This pure electric vehicle will be equipped with 800V high-voltage pure electric platform components, including power chips, power modules, electronic controls, motors, transmission systems, etc., all of which will be developed by Li Auto.</p><p>Meanwhile, Li Auto previously stated in its prospectus that, along with the launch of its pure electric vehicles, the company will also develop and build its own high-power charging network.</p><p>For Ideal, which started and grew through range extenders, the first product is crucial to whether it can achieve the same market recognition and success in the pure electric vehicle sector.</p><p>However, Li Xiang also said that in the long run, the research and development of the underlying system may exceed the research and development of the car model. In the ideal plan, this part includes the underlying OS, supercomputing platform, cloud services, IT system, computing platform support, etc., which almost encompasses everything in automotive software development.</p><p>In addition, in May of this year, Li Auto also established a chip design company to expand into the chip sector.</p><p>Following the above arrangement, it can be seen that the ideal R&D layout can actually be divided into two phases:</p><p><b>First, the current goal is to develop platform-based reuse capabilities in four areas: range-extended, pure electric, cockpit, and intelligent driving, and to maximize the scope of self-developed technologies and enhance Ideal's vertical integration capabilities.</b></p><p><b>Secondly, for a considerable period of time to come, we will need to build a full-stack capability in terms of intelligentization, from hardware to software underlying architecture and then to upper-level algorithm capabilities, so as to take control of the autonomy of software-defined cars.</b></p><p>Looking back at Li Auto's journey, it has achieved sales miracles and product reputation, but compared with Nio and XPeng, it has also been criticized for insufficient technological investment.</p><p>As Li Auto grows in scale, it now needs to make up for all the lessons it has learned in research and development, retracing the path taken by Nio and XPeng, and even going deeper and further.</p><p>Of course, the realization of the blueprint also involves substantial financial investment. In terms of R&D expenses, Li Auto has seen a visible increase in recent quarters.</p><p><img src=\"https://static.tigerbbs.com/6ce1e29942d721ce7b1a4d6216d2d8f0\" tg-width=\"1399\" tg-height=\"831\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Financial reports show that Li Auto's R&D expenditure surpassed that of XPeng in the first quarter of this year, and by the third quarter of this year, this figure had grown to 1.8 billion yuan, reaching the highest point in Li Auto's history.</b></p><p>Barring any unforeseen circumstances, this high point will continue to be refreshed in the future. According to Li Tie, CFO of Li Auto, Li Auto's R&D expenditure this year is approximately 7 billion yuan, and this figure will further increase to 10-12 billion yuan in 2023.</p><p><b>R&D investment has reached its peak, and fourth-quarter sales guidance is optimistic.</b></p><p>Finally, let's take a look at Li Auto's operating performance in the third quarter of this year.</p><p>Financial reports show that Li Auto's revenue in the third quarter was 9.34 billion yuan, a year-on-year increase of 20.2% and a 7% increase over the previous quarter. Among them, revenue from the automotive business was 9.05 billion yuan, an increase of 25% year-on-year and 6.6% month-on-month. The revenue growth was due to the higher average selling price of the Li Auto L9.</p><p>In terms of deliveries, Li Auto delivered a total of 26,524 new vehicles in the third quarter, a 5.6% increase compared to the same period last year, but an 8% decrease compared to the previous quarter. The decline in deliveries was mainly due to the large-scale production cuts of Li Auto ONE in August.</p><p><b>However, judging from the subsequent delivery trends, although Li Auto's deliveries suffered a setback in August, it still smoothly completed the switch between old and new products. In the following three months, it gradually returned to a high level. By November, Li Auto broke its monthly delivery record with 15,034 vehicles delivered.</b></p><p><img src=\"https://static.tigerbbs.com/d8fac9a6c225e1f8f05c3db87bfd25f6\" tg-width=\"1399\" tg-height=\"831\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the third quarter, Ideal's cost of sales was RMB 8.16 billion, an increase of 36.8% compared to the same period last year and an increase of 19.1% compared to the second quarter. Compared to the increase in revenue, Ideal's cost of sales has increased disproportionately significantly.<b>Li Auto stated that this was mainly due to the increase in average cost of sales caused by the delivery of the new product Li Auto L9, coupled with the loss of inventory reserves and purchase commitments for Li Auto ONE caused by the launch of the L8.</b></p><p>As a result, Li Auto's gross profit margin fell sharply to 12.7% this quarter from 21.5% in the previous quarter, the lowest point since its listing on the US stock market.</p><p><img src=\"https://static.tigerbbs.com/c6ee523cdcbc1341bff1199ad2a23250\" tg-width=\"1398\" tg-height=\"830\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In terms of expenses, Li Auto's R&D expenditure this quarter was RMB 1.8 billion, a year-on-year increase of 103% and a quarter-on-quarter increase of 17.8%. Selling, general and administrative expenses were RMB 1.51 billion, up 47.6% year-on-year and 13.8% month-on-month.</p><p>In terms of losses, Li Auto reported a net loss of 1.65 billion yuan in the third quarter, an increase of 157% quarter-on-quarter, indicating a significant widening of the losses.</p><p>As of the end of the third quarter of this year, Ideal's cash and cash equivalents were RMB 55.83 billion, an increase of RMB 2.18 billion from the end of the previous quarter.</p><p>The above are Li Auto's third-quarter results. There are highlights, but the profitability issues are also significant due to the impact of the Li Auto ONE production discontinuation controversy.</p><p>However, Li Auto is clearly very optimistic about its future business performance.</p><p>Financial reports show that Li Auto expects to deliver 45,000-48,000 vehicles in the fourth quarter of this year, and its revenue will increase to 16.51-17.61 billion yuan during the same period.</p><p>Meanwhile, with the further expansion of L9 and L8 deliveries, Li Auto has also given a positive outlook for next year. Li Auto stated that by 2023, the steady-state monthly deliveries of L9 can reach 8,000-11,000 vehicles, and the steady-state monthly sales of L8 will reach 10,000-14,000 vehicles.</p><p>Based on calculations, Li Auto's steady-state monthly deliveries could reach 18,000-25,000 vehicles next year. In addition, the L7 will also be put into delivery soon, and this figure is expected to increase further.</p><p>From this perspective, Li Xiang's small goal of earning 100 billion yuan next year is really not something to be taken lightly.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.tmtpost.com/6342537.html\">赛博汽车</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2c0ab7d3f5d89bb403311ca0a8e68f8e","relate_stocks":{"LI":"理想汽车"},"source_url":"https://www.tmtpost.com/6342537.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156255334","content_text":"随着第三季度财报的发布，理想汽车成立以来最深刻的一场变革，正式拉开了大幕。这场变革的核心，是理想垂直职能组织的管理模式向矩阵型组织的升级。按照计划，在接下来的三年中，理想将在原有的两个横向实体部门的基础上新增五个横向实体部门，并在管理流程上向集成化转变。李想直言，到了明年。理想将迈入年收入千亿级别的阶段，体量的增长就需要更合适的组织结构和流程进行适配。同时，理想的管理层也进行了一系列调整，沈亚楠将辞任总裁并退出董事会，他后续将加入到理想汽车流程变革委员会。从披露的消息看，最终沈亚楠将彻底离开理想。代替沈亚楠出任总裁的，是拥有整车工程背景的理想原总工程师马东辉，执掌研发工作的CTO职位，则由具备底层软件架构开发经验的谢炎出任。高层管理者变动，技术派掌舵是最明显的特征，从上述两人的背景看，理想未来研发工作的重点方向，也能窥之一二。理想组织结构变革，由垂直管理到矩阵化李想在给内部员工的公开信中，宣告理想全面启动矩阵型组织升级，同时将这次组织改革的详细情况进行了介绍。用一句话总结起来，就是将原来的垂直职能管理转变为矩阵型组织管理模式。具体来看，理想将在原有的战略部和产品部两个横向实体部门的基础上，根据具体业务新增商业部、供应部、流程部、组织部、财经部等五个实体部门。由这七个横向实体部门组成理想的组织矩阵。李想在第三季度财报会上表示，矩阵型组织管理模式的最大特点，就是可以保证企业全流程的质量管理，用一个例子来理解：“横向团队负责路径的规划、运营和修补，纵向团队的任务是造车、开车、运营车，高质量的道路配合高水平的车队，就可以在商业上产生良性循环”。在划分矩阵组织的同时，矩阵内部的管理流程也有章程，在未来3年，理想将逐步落地DSTE（从战略到执行）、IPD（集成产品开发）、IPMS（集成产品营销和销售）、ISC（集成供应链）、BT&IT、LTD、IFS这七个一级流程，形成理想矩阵组织的最小运营闭环。理想所采用的诸多管理流程，也在许多大公司身上可以找到影子。比如华为，就曾在业务开始腾飞的2000年前后，从IBM引进了DSTE、IPD、IPMS、ISC等一系列管理方法论。再回头看理想的这种矩阵化的组织形式，与前不久小鹏汽车的组织调整有一定的相似之处，都是通过横向矩阵组织划分职能板块，与纵向的业务线进行配合。不过，不同于小鹏的火线改革，理想这次的调整，是在小范围试点的经验上，再大规模铺开的。李想披露，早在两年前，理想内部就先用IPD进行产品开发，目前理想的第二代车型，包括L9、L8、L7等，都是这种集中产品开发流程的产品。从理想L9交付首月即破万的市场反馈来看，理想前期的试点确实取得了成效。所以在经过两年的小范围试点之后，理想终于在即将跨入2023年的时候，将组织改革大规模铺开。当然，理想组织调整的时机选择，并不仅仅是因为前期的试点取得成效，更重要的是，李想对于未来前景的乐观判断。李想认为，理想汽车到明年就会迈入年收入千亿级别的阶段。在这个阶段，理想已经走过了从0-1的阶段，进入到从1-10的阶段。在这个阶段中，任何糟糕的重大决策和低质量交付的产品，都会对公司造成毁灭性的打击。矩阵型组织全流程质量管理的特点，可以让理想避开成长过程中的坑。理想人事变动重点，技术派管理者掌舵在进行组织改革的同时，理想管理层也进行了一系列人事调整，据理想官方消息，此次调整主要涉及3位高管。理想汽车联合创始人、现任总裁沈亚楠首先是理想联合创始人兼现任总裁沈亚楠，将从明年1月1日起，卸任总裁职位，同时退出董事会。后续将加入流程变革委员会，在协助完成组织变革后，沈亚楠将彻底离开理想。事实上，作为理想的联创之一，沈亚楠离开理想的消息并不令人意外。今年9月初，沈亚楠在不到一周的时间里在港股两次抛售理想股票，合计减持股票100万股，持股比例从1.74%降至1.71%，合计套现近1亿元。虽然持股比例并没有减多少，但当时正处在理想ONE停产，8月份打骨折的交付数据披露的时间，且新产品理想L9才刚刚开启交付，市场表现还并不明朗的风口浪尖上。作为公司的二号人物，选择在这种敏感时机减持股票，不能不叫人多想。或许在那个时候，沈亚楠就已经做好了退出核心管理层，离开理想的打算。沈亚楠卸任，空缺出来的总裁职位，则是交给了理想另一位联合创始人，现任公司总工程师的马东辉，整体负责研发与供应群组，同时马东辉也进入了理想的董事会。据悉，在今年初理想原CTO王凯离职之后，马东辉同时还担起了CTO的职责，此次上任总裁后，CTO的职位就由原高级副总裁谢炎担任，并全权负责系统和计算群组的研发。除了职位上的调整，马东辉和谢炎两个人的背景，也值得梳理一下。理想汽车联合创始人、现任总工程师马东辉公开信息显示，马东辉，1999年毕业于武汉工业大学动力工程学专业，此后又在2003年取得上海大学机械制造与自动化专业硕士学位。自理想成立之初，马东辉就担任公司总工程师一职，主要负责理想汽车产品研发群组的工作，包括造型设计、整车电动、智能空间、智能驾驶、算力架构、研发运营等多个业务模块。在进入理想之前，马东辉曾担任三一重工车身有限公司研究所所长，拥有丰富的整车研发经验。理想汽车现任系统研发部负责人谢炎谢炎，于2001年获得浙江大学信息电子工程学士学位，2003年获得特拉华大学计算机工程硕士学位。在入职理想之前，谢炎曾担任阿里巴巴AliOS事业群担任首席架构师和轮值总经理，负责移动操作系统的技术架构设计，和研发管理工作。2019年，谢炎帝离开阿里后加入华为，负责华为鸿蒙操作系统的研发工作。纵观谢炎的学术背景和职业经历就能明白，此人在汽车软件底层操作系统方面经验丰富。一个是整车，一个是软件，虽然长处各不相同，但这次理想的人事调整反映出的一个共同点是，都是技术出身。也就是说，拥有供应链管理背景的沈亚楠离开之后，理想将由技术派来掌舵。这也意味着，理想的技术研发工作，将被放在一个前所未有的高度上。理想现在到未来相当长的一段时间内的研发布局，也在李想财报会上的发言中更加清晰。李想表示，目前理想的研发工作主要分为三个板块，其一是产品研发，也就是新车型的研发设计；其二是技术平台的研发，包含新一代增程电动平台、高压纯电平台、智能座舱平台、智能驾驶平台等；其三是底层系统的研发，这部分主要是底层软件的基础设施建设。在三大研发板块投入的优先度上，目前技术平台的资源投入最多，其次是车型和底层系统的研发。这样的研发布局逻辑符合当下理想的现状。其一，从产品角度看，现在的理想正处于产品矩阵急速扩张的状态，这也意味着，理想需要通过平台化来提高平台技术在不同车型上的复用率，提升开发效率。其二，理想目前正处于突入纯电动车领域的关键节点，将高压纯电平台研发提上优势位是必然的结果。根据计划，理想首款纯电动车将会在明年交付。这款纯电动车将会搭载800V高压纯电平台组件，包括功率芯片、功率模块、电控、电机、传动系统等等，都将由理想自研。同时理想此前还在招股书中表示，伴随着理想纯电动车的上市，公司也将自研自建高功率充电网络。对于靠增程起家壮大起来的理想，能否在纯电赛道上取得同样的市场认可和成就，第一款产品至关重要。不过李想也说，如果往长远看，底层系统的研发可能会超过车型的研发，在理想的规划中，这部分内容包括底层OS、超算平台、云服务、IT系统、计算平台支持等等，几乎囊括了汽车软件开发的所有。另外，就在今年5月，理想还成立了一家芯片设计公司，布局芯片板块。按照以上的安排，可以看出，理想的整个研发布局，其实可以分成两个阶段：首先，当下的目标是，在增程、纯电、座舱和智驾等4个领域，形成平台化复用的能力，并且最大程度上扩大自研的范围，提升理想垂直整合的能力。其次，在往后相当长的一段时间内，要在智能化上，构建起从硬件到软件底层架构，再到上层算法能力的全栈能力，将软件定义汽车的自主权掌握在手中。回顾理想一路走来，有销量奇迹，有产品口碑，但相比于蔚来和小鹏来说，也留下了技术投入不足的诟病。而随着理想体量的增长，研发上面落下的课，理想现在要全部补上，把蔚来和小鹏走的路再走一遍，甚至还想要走得更深更远。当然，蓝图的实现也伴随着真金白银的付出。在研发费用上，理想在近几个季度是肉眼可见的在增长。财报显示，理想的研发支出，在今年第一季度就超过了小鹏，到今年第三季度这个数据已经增长到18亿元，达到理想有史以来的最高点。如果不出意外，这个高点在之后也将会被不停刷新。据理想CFO李铁透露，理想在今年的研发支出约为70亿元，2023年，这个数字会进一步增长至100-120亿元。研发投入达最高点，四季度销量指引乐观最后，我们来看看理想今年第三季度的经营表现。财报显示，理想第三季度的营收规模为93.4亿元，同比增长20.2%，较上个季度增长7%。其中，汽车业务营收为90.5亿元，同比增加25%，环比增加6.6%。营收增长的原因是理想L9更高的平均售价所致。交付方面，第三季度，理想累计交付26524辆新车，较去年同期增长5.6%，环比上个季度减少8%。交付的下降主要是理想ONE在8月份大规模减产所致。不过从后续的交付趋势来看，理想的交付虽然在8月份打骨折，但也很平稳的完成了新旧产品的切换，后续的三个月中逐渐回归高位，到11月，理想以15034辆的交付成绩打破自己的月度交付记录。第三季度，理想销售成本为81.6亿元，较去年同期增加36.8%，环比第二季度增加19.1%。相比营收的增加幅度，理想销售成本出现了不成比例的大幅增长。理想表示，这主要是因为新产品理想L9的交付导致平均销售成本上升，再加上L8的推出导致了理想ONE的库存准备和采购承诺损失。由此，这也导致理想本季度的毛利率从上个季度的21.5%大幅下跌至12.7%，创下美股上市以来的最低点。费用支出方面，理想在这个季度的研发支出为18亿元，同比增长103%，环比上个季度增加17.8%。销售、一般和管理支出为15.1亿元，同比增长47.6%，环比增加13.8%。亏损方面，理想第三季度的净亏损为16.5亿元，环比增加157%，亏损的大幅度扩大。截至到今年第三季度末，理想的现金及现金等价物为558.3亿元，较上个季度末增加21.8亿元。以上，就是理想交出来的第三季度成绩单，有亮点，但受到理想ONE停产风波的影响，盈利能力的问题同样不小。不过，对于未来经营状况的指引，理想显然非常乐观。财报显示，理想今年第四季度的交付预期为4.5-4.8万辆，同期的营收规模将增加至165.1-176.1亿元。同时，随着L9和L8交付规模的进一步扩大，理想也给明年一个积极的预期，理想表示，到2023年，L9的稳态月交付量可以达到8000-11000辆，L8的稳态月销量为10000-14000辆。计算下来，理想在明年稳态月交付量就可以达到1.8-2.5万辆，再加上L7也将在不久之后投入交付，这个数据也有望进一步提升。这样来看，李想明年收入千亿的小目标，还真不是随便说说。","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":5389,"au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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1670384981,"share":"https://ttm.financial/m/news/2289017857?lang=en_US&edition=fundamental","pubTime":"2022-12-07 11:49","market":"us","language":"en","title":"AMD, Nvidia, and 3 More Chip Stocks to Buy That Have Priced In the Downturn","url":"https://stock-news.laohu8.com/highlight/detail?id=2289017857","media":"Dow Jones","summary":"Five chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconduc","content":"<html><head></head><body><p>Five chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector&#39;s big drop in share prices this year.</p><p>The iShares Semiconductor <a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a> exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. In midday trading Monday, the ETF was down 0.9%; the S&amp;P 500 and the Dow Jones Industrial Average were down 1.4% and 1.1%, respectively.</p><p>There are &#34;clear signs that we&#39;re entering an inventory correction cycle, &#34; analyst John Vinh wrote on Sunday. &#34;We see favorable risk/reward as we expect a &#39;soft landing&#39; and believe the correction is largely priced in.&#34;</p><p>Vinh recommends <a href=\"https://laohu8.com/S/ADI\">Analog Devices</a>, <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a>, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a>, and <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>. He has an Overweight rating for all five companies.</p><p>The analyst has a $220 stock price target for Analog Devices and an $85 target for AMD. For Nvidia, On, and Qualcomm, his targets are $230, $80, and $150, respectively.</p><p>Vinh noted the forward price-to-earnings multiple for the chip sector has dropped 55% from the highs last December to October, which is more than the average 42% decline during past downturns.</p><p>The analyst is also optimistic the chip sector will be more resilient this time. He noted how the industry is more consolidated, which should lower the risk of excess capacity driving down chip prices.</p><p>In addition, there are several secular growth trends -- including 5G, the move toward electric vehicles, cloud computing and artificial intelligence -- that should help soften the magnitude of the downturn.</p></body></html>","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>AMD, Nvidia, and 3 More Chip Stocks to Buy That Have Priced In the Downturn</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAMD, Nvidia, and 3 More Chip Stocks to Buy That Have Priced In the Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-12-07 11:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Five chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector&#39;s big drop in share prices this year.</p><p>The iShares Semiconductor <a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a> exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. In midday trading Monday, the ETF was down 0.9%; the S&amp;P 500 and the Dow Jones Industrial Average were down 1.4% and 1.1%, respectively.</p><p>There are &#34;clear signs that we&#39;re entering an inventory correction cycle, &#34; analyst John Vinh wrote on Sunday. &#34;We see favorable risk/reward as we expect a &#39;soft landing&#39; and believe the correction is largely priced in.&#34;</p><p>Vinh recommends <a href=\"https://laohu8.com/S/ADI\">Analog Devices</a>, <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a>, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, <a href=\"https://laohu8.com/S/ON\">ON Semiconductor</a>, and <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>. He has an Overweight rating for all five companies.</p><p>The analyst has a $220 stock price target for Analog Devices and an $85 target for AMD. For Nvidia, On, and Qualcomm, his targets are $230, $80, and $150, respectively.</p><p>Vinh noted the forward price-to-earnings multiple for the chip sector has dropped 55% from the highs last December to October, which is more than the average 42% decline during past downturns.</p><p>The analyst is also optimistic the chip sector will be more resilient this time. He noted how the industry is more consolidated, which should lower the risk of excess capacity driving down chip prices.</p><p>In addition, there are several secular growth trends -- including 5G, the move toward electric vehicles, cloud computing and artificial intelligence -- that should help soften the magnitude of the downturn.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通","ON":"安森美半导体","AMD":"美国超微公司","ADI":"亚德诺","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2289017857","content_text":"Five chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector's big drop in share prices this year.The iShares Semiconductor $(SOXX)$ exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. In midday trading Monday, the ETF was down 0.9%; the S&P 500 and the Dow Jones Industrial Average were down 1.4% and 1.1%, respectively.There are \"clear signs that we're entering an inventory correction cycle, \" analyst John Vinh wrote on Sunday. \"We see favorable risk/reward as we expect a 'soft landing' and believe the correction is largely priced in.\"Vinh recommends Analog Devices, Advanced Micro Devices, Nvidia, ON Semiconductor, and Qualcomm. He has an Overweight rating for all five companies.The analyst has a $220 stock price target for Analog Devices and an $85 target for AMD. For Nvidia, On, and Qualcomm, his targets are $230, $80, and $150, respectively.Vinh noted the forward price-to-earnings multiple for the chip sector has dropped 55% from the highs last December to October, which is more than the average 42% decline during past downturns.The analyst is also optimistic the chip sector will be more resilient this time. He noted how the industry is more consolidated, which should lower the risk of excess capacity driving down chip prices.In addition, there are several secular growth trends -- including 5G, the move toward electric vehicles, cloud computing and artificial intelligence -- that should help soften the magnitude of the downturn.","news_type":1,"symbols_score_info":{"ADI":0.9,"QCOM":0.9,"AMD":0.9,"ON":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920011738,"gmtCreate":1670392231824,"gmtModify":1676538359177,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/DIS\">$迪士尼(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$迪士尼(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$迪士尼(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/268a8ad59342da1070b1d2714caf5941","width":"1125","height":"6162"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920011738","isVote":1,"tweetType":1,"viewCount":1626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965218749,"gmtCreate":1669957551681,"gmtModify":1676538278414,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/DIS\">$迪士尼(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$迪士尼(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$迪士尼(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/548435cd6dd5ebbc5c61ce292af0df21","width":"750","height":"1486"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965218749","isVote":1,"tweetType":1,"viewCount":2019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965346926,"gmtCreate":1669902213765,"gmtModify":1676538266538,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"&nbsp;K","listText":"&nbsp;K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965346926","repostId":"1111063060","repostType":4,"repost":{"id":"1111063060","kind":"news","pubTimestamp":1669899127,"share":"https://ttm.financial/m/news/1111063060?lang=en_US&edition=fundamental","pubTime":"2022-12-01 20:52","market":"hk","language":"zh","title":"Following BYD, the number one emerging electric vehicle manufacturer has also raised its prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1111063060","media":"华尔街见闻 ","summary":"年底新能源汽车竞争激烈，特斯拉带头降价，奔驰也快步跟随；风头正盛的比亚迪和埃安，却在逆势涨价了。作为造车“新势力一哥”的埃安，在PK掉蔚小理等等之后，无限风光，在确认提前完成年销量目标的前一晚，宣布调","content":"<p><html><head></head><body>At the end of the year, competition in new energy vehicles was fierce, with Tesla taking the lead in lowering prices and Mercedes-Benz quickly following suit. BYD and Aion, which were booming, are raising prices against the trend.</p><p>Aion, the leading emerging electric vehicle manufacturer, enjoyed immense success after competing with Wei Xiaoli and others. The night before confirming that it would achieve its annual sales target ahead of schedule, it announced a price adjustment.</p><p>On the evening of November 30, Aion announced that it had decided to raise the official guide price of its models by 3,000-8,000 yuan. The specific price adjustment notice for the models will be released separately. Customers who paid a production scheduling deposit before January 1, 2023, will not be affected by this price adjustment.</p><p>Aion explained that the price increase was due to the expiration of the new energy vehicle purchase tax subsidy policy and the continued sharp rise in battery raw material prices in the second half of the year.</p><p>Currently, Aion has four models on sale, with official guide prices ranging from 139,800 to 469,600 yuan, mainly priced between 200,000 and 300,000 yuan.</p><p>This is the third time Aion has adjusted its prices this year. Previously, Aion announced price increases in March and April, each time ranging from 4,000 to 10,000 yuan.</p><p>Similar to BYD, Aion's willingness to raise prices frequently is related to its strong car sales and surge in sales.</p><p>In November this year, Aion recorded sales of 28,765 new energy vehicles, a year-on-year increase of 91%. In the first eleven months, Aion's cumulative sales reached 241,149 units, a year-on-year increase of 128%, securing its position as the number one new energy vehicle manufacturer of the year.</p><p>Aion achieved its 2022 sales target of 240,000 vehicles a month ahead of schedule.</p><p>In the past two months, automakers have made frequent price adjustments. Some have lowered prices to boost sales, such as Tesla, XPeng, and Wenjie, while others have bucked the trend and raised prices, raising the prices of their models starting next year, such as BYD, Geometry Auto, Ruilan Auto, and Leapmotor.</p><p>Cui Dongshu, Secretary-General of the China Passenger Car Association, believes that due to the official withdrawal of subsidies for new energy vehicles at the end of the year, \"the domestic new energy vehicle market will see another wave of price increases at the beginning of next year, but the scale will not be too large.\"</p><p>Most of the automakers that are raising prices against the trend have had good sales this year. Apart from Aion, BYD is only one step away from its annual sales target of 1.5 million vehicles. Industry insiders believe that these automakers raising prices against the trend are more to alleviate cost pressures and improve profit levels.</p><p>Currently, most Aion enthusiasts have accepted the news of the price increase, saying, \"I understand, I'm ready to buy one.\"</p><p>Looking ahead, Aion, which has been in high demand this year, has even greater ambitions.</p><p>A source close to Aion said that Aion is no longer competing with emerging players and is striving to compete with large manufacturers with large-scale industrial production capacity.</p><p>This inevitably brings to mind BYD.</p><p>Aion does indeed have many similarities with BYD. Both started with electric taxis and have a full industry chain layout, initially focusing on the mid-to-low-end market.</p><p>For all new energy vehicles, the core of future competition has shifted to controlling the industrial and supply chains. Since the beginning of this year, GAC Group and Aion have been intensively developing their entire industry chain. Upstream GAC has entered the market to \"grab minerals,\" while midstream Aion has established a battery and electric drive company to achieve self-development and self-production of batteries and electric drives, exclusively for Aion's use.</p><p>This integration across the entire industry chain bears the resemblance of \"the next BYD\".</p><p>Aion is also a darling of capital with a trillion-dollar dream. In October, after GAC Aion completed its Series A investment, Aion's valuation was 103.239 billion yuan, setting a new record for the highest valuation of an unlisted new energy vehicle company in China. If Aion successfully lists on the Science and Technology Innovation Board next year, its market capitalization will further increase.</p><p>Aion is racing towards its dream of becoming one of the world's top three.</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>Following BYD, the number one emerging electric vehicle manufacturer has also raised its prices</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\">\nFollowing BYD, the number one emerging electric vehicle manufacturer has also raised its prices\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\">2022-12-01 20:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>At the end of the year, competition in new energy vehicles was fierce, with Tesla taking the lead in lowering prices and Mercedes-Benz quickly following suit. BYD and Aion, which were booming, are raising prices against the trend.</p><p>Aion, the leading emerging electric vehicle manufacturer, enjoyed immense success after competing with Wei Xiaoli and others. The night before confirming that it would achieve its annual sales target ahead of schedule, it announced a price adjustment.</p><p>On the evening of November 30, Aion announced that it had decided to raise the official guide price of its models by 3,000-8,000 yuan. The specific price adjustment notice for the models will be released separately. Customers who paid a production scheduling deposit before January 1, 2023, will not be affected by this price adjustment.</p><p>Aion explained that the price increase was due to the expiration of the new energy vehicle purchase tax subsidy policy and the continued sharp rise in battery raw material prices in the second half of the year.</p><p>Currently, Aion has four models on sale, with official guide prices ranging from 139,800 to 469,600 yuan, mainly priced between 200,000 and 300,000 yuan.</p><p>This is the third time Aion has adjusted its prices this year. Previously, Aion announced price increases in March and April, each time ranging from 4,000 to 10,000 yuan.</p><p>Similar to BYD, Aion's willingness to raise prices frequently is related to its strong car sales and surge in sales.</p><p>In November this year, Aion recorded sales of 28,765 new energy vehicles, a year-on-year increase of 91%. In the first eleven months, Aion's cumulative sales reached 241,149 units, a year-on-year increase of 128%, securing its position as the number one new energy vehicle manufacturer of the year.</p><p>Aion achieved its 2022 sales target of 240,000 vehicles a month ahead of schedule.</p><p>In the past two months, automakers have made frequent price adjustments. Some have lowered prices to boost sales, such as Tesla, XPeng, and Wenjie, while others have bucked the trend and raised prices, raising the prices of their models starting next year, such as BYD, Geometry Auto, Ruilan Auto, and Leapmotor.</p><p>Cui Dongshu, Secretary-General of the China Passenger Car Association, believes that due to the official withdrawal of subsidies for new energy vehicles at the end of the year, \"the domestic new energy vehicle market will see another wave of price increases at the beginning of next year, but the scale will not be too large.\"</p><p>Most of the automakers that are raising prices against the trend have had good sales this year. Apart from Aion, BYD is only one step away from its annual sales target of 1.5 million vehicles. Industry insiders believe that these automakers raising prices against the trend are more to alleviate cost pressures and improve profit levels.</p><p>Currently, most Aion enthusiasts have accepted the news of the price increase, saying, \"I understand, I'm ready to buy one.\"</p><p>Looking ahead, Aion, which has been in high demand this year, has even greater ambitions.</p><p>A source close to Aion said that Aion is no longer competing with emerging players and is striving to compete with large manufacturers with large-scale industrial production capacity.</p><p>This inevitably brings to mind BYD.</p><p>Aion does indeed have many similarities with BYD. Both started with electric taxis and have a full industry chain layout, initially focusing on the mid-to-low-end market.</p><p>For all new energy vehicles, the core of future competition has shifted to controlling the industrial and supply chains. Since the beginning of this year, GAC Group and Aion have been intensively developing their entire industry chain. Upstream GAC has entered the market to \"grab minerals,\" while midstream Aion has established a battery and electric drive company to achieve self-development and self-production of batteries and electric drives, exclusively for Aion's use.</p><p>This integration across the entire industry chain bears the resemblance of \"the next BYD\".</p><p>Aion is also a darling of capital with a trillion-dollar dream. In October, after GAC Aion completed its Series A investment, Aion's valuation was 103.239 billion yuan, setting a new record for the highest valuation of an unlisted new energy vehicle company in China. If Aion successfully lists on the Science and Technology Innovation Board next year, its market capitalization will further increase.</p><p>Aion is racing towards its dream of becoming one of the world's top three.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3676426\">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/47b6fbfe38edb1202883a645549da7f6","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3676426","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111063060","content_text":"年底新能源汽车竞争激烈，特斯拉带头降价，奔驰也快步跟随；风头正盛的比亚迪和埃安，却在逆势涨价了。作为造车“新势力一哥”的埃安，在PK掉蔚小理等等之后，无限风光，在确认提前完成年销量目标的前一晚，宣布调价。11月30日晚，埃安公告，决定对旗下车型的官方指导价上调3000-8000元不等，具体车型的调价通知将另行发布。2023年1月1日前已支付排产定金的客户，不受此次调价影响。埃安解释道，涨价是受新能源汽车购置税补贴政策到期，和下半年电池原材料价格持续大幅上涨的影响。目前，埃安共有四款车型在售，官方指导价在13.98-46.96万元之间，并以二三十万为主。这已经是埃安今年第三次调整价格，此前3月、4月，埃安都宣布过涨价，每次涨价都在4000元-10000元不等。与比亚迪类似，埃安敢于密集涨价，与车好卖、销量大涨有关。今年11月份，埃安新能源汽车销量录得28765辆，同比增长91%，前十一月，埃安累计销量241149台，同比增长128%，提前锁定了年度新势力第一的宝座。而2022年24万辆的销售目标，埃安已经提前一个月完成。最近两个月，车企们调价动作频繁，一部分降价冲销量，如特斯拉、小鹏、问界，另一部分则逆势涨价，明年起上调旗下车型售价，如比亚迪、几何汽车、睿蓝汽车、零跑等。全国乘用车市场信息联席会秘书长崔东树认为，受新能源汽车补贴年底正式退出影响，“明年年初，国内新能源车市将再掀起一轮涨价潮，但规模不会太大。”当下这部分逆势涨价的车企今年大多销量不错，除了埃安，比亚迪距全年150万辆的销量目标仅一步之遥。业内人士认为，这部分逆势涨价的车企，更多是为了缓解成本压力，提升利润水平。目前，埃安车迷们大多接受了涨价的消息，表示：“可以理解，准备入手了。”展望未来，今年炙手可热的埃安已经有了更大的野心。一位接近埃安的人士表示，埃安现在已经不和新势力比了，正在争取跟有大规模工业生产能力的大厂比。这难免不让人想到比亚迪。埃安确实和比亚迪有诸多相似之处。都以电动出租车起家，都有全产业链布局，一开始都集中于中低端市场等。对所有的新能源汽车来说，未来竞争核心已经转向对产业链和供应链的把控。今年以来，广汽集团和埃安密集进行全产业链布局，上游广汽下场“抢矿”，中游埃安成立电池、电驱公司，实现电池、电驱自研自产，专供埃安使用。这样全产业链整合动作，颇有“下一个比亚迪”的影子。埃安也是一家有着万亿之梦的资本宠儿。10月，广汽埃安的A轮引战完成后，埃安估值为1032.39亿元，创当前国内未上市新能源车企最高估值；如果明年顺利登陆科创板，埃安的市值将进一步提升。埃安，正在朝它的“世界前三”梦想极速奔跑。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965348239,"gmtCreate":1669902182521,"gmtModify":1676538266521,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"<a 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Inc.(TLRY)$</a>j","listText":"<a href=\"https://laohu8.com/S/TLRY\">$Tilray Inc.(TLRY)$</a>j","text":"$Tilray Inc.(TLRY)$j","images":[{"img":"https://static.tigerbbs.com/66500ed9a9be80af66d7397c7aae6a5c","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/130469994","isVote":1,"tweetType":1,"viewCount":2071,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3540965151568136","authorId":"3540965151568136","name":"Boxer向前跑","avatar":"https://static.tigerbbs.com/db186ef0281ccdc1ea5f8fc37b928bdb","crmLevel":2,"crmLevelSwitch":0,"idStr":"3540965151568136","authorIdStr":"3540965151568136"},"content":"I am confident that TLRY will return to $60","text":"I am confident that TLRY will return to $60","html":"I am confident that TLRY will return to $60"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9007611268,"gmtCreate":1642865689688,"gmtModify":1676533753608,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"B","listText":"B","text":"B","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007611268","repostId":"1181967997","repostType":4,"isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814255704,"gmtCreate":1630831382808,"gmtModify":1676530402889,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"&nbsp;U","listText":"&nbsp;U","text":"U","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814255704","repostId":"1152020609","repostType":4,"repost":{"id":"1152020609","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":1630572749,"share":"https://ttm.financial/m/news/1152020609?lang=en_US&edition=fundamental","pubTime":"2021-09-02 16:52","market":"us","language":"zh","title":"Reminder: US stocks will be closed on September 6th due to Labor Day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1152020609","media":"老虎资讯综合","summary":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在189","content":"<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US stocks will be closed on September 6th due to Labor Day.</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\">\nReminder: US stocks will be closed on September 6th due to Labor Day.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-02 16:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152020609","content_text":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在1894年被确立为美国的国家节日，即美国的劳动节。\n这一天，全美各地民众一般都会举行游行、集会等各种庆祝活动，以示对劳工的尊重。在一些州，人们在游行之后还要举办野餐会，热闹地吃喝、唱歌、跳舞。入夜，有的地方还会放焰火。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199451547,"gmtCreate":1620729155389,"gmtModify":1704347427800,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"E","listText":"E","text":"E","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/199451547","repostId":"1184963058","repostType":4,"isVote":1,"tweetType":1,"viewCount":1543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9020808484,"gmtCreate":1652595716848,"gmtModify":1676535127065,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"m","listText":"m","text":"m","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020808484","repostId":"2235348767","repostType":4,"isVote":1,"tweetType":1,"viewCount":1411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010344126,"gmtCreate":1648266179338,"gmtModify":1676534324050,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010344126","repostId":"1157034832","repostType":4,"repost":{"id":"1157034832","kind":"news","pubTimestamp":1648261174,"share":"https://ttm.financial/m/news/1157034832?lang=en_US&edition=fundamental","pubTime":"2022-03-26 10:19","market":"us","language":"zh","title":"If we don't unleash our ultimate move soon, Nio will be caught up.","url":"https://stock-news.laohu8.com/highlight/detail?id=1157034832","media":"深途","summary":"“蔚小理”的财报陆续出炉了，这次交上的是2021年的全年成绩单，这一期我们看看蔚来。蔚来财报今天早上发布，整体上并无太大亮点。2021年收入361亿，净亏损40亿，账上现金183亿，基本都在预料之内。","content":"<p><html><head></head><body>The financial reports of \"Weixiaoli\" have been released one after another. This time, they submitted their full-year results for 2021. Let's take a look in this issue.<a href=\"https://laohu8.com/S/NIO\">Nio</a>。</p><p>Nio released its financial report this morning, but overall it didn't have many highlights. In 2021, the company reported revenue of 36.1 billion yuan, a net loss of 4 billion yuan, and cash on hand of 18.3 billion yuan, which were largely within expectations. The data for the fourth quarter of last year has also been released, with revenue of 9.9 billion yuan and a net loss of 2.1 billion yuan, which is indeed very \"Nio\".</p><p>The gross profit margin is worth noting. The gross profit margin for vehicle sales was 20.9%, reaching a high level in the past two years, while the company's gross profit margin was 17.2%, which was consistent. In the third quarter of last year, Nio made a lot of money by selling new energy credits, resulting in the company's gross profit margin exceeding 20%. However, this was a one-off transaction, and since there were no points to sell, the gross profit margin quickly dropped.</p><p>Nio has not delivered any new models in the past year or so. Throughout 2021, Nio delivered 91,429 vehicles, maintaining its second-largest position among emerging electric vehicle manufacturers by a narrow margin. This is the first time Nio has been overtaken by XPeng.</p><p>During the earnings call, Nio founder Li Bin also revealed some information, such as that Nio has not yet raised prices and has no intention of raising prices. He will look at whether the pricing policy will be adjusted based on market conditions. Nio is progressing steadily with its new brand targeting the mass market. The core team has been assembled, the strategic direction has been clarified, and the first batch of products has entered the critical research and development stage.</p><p>Nio is preparing a major move, which will be gradually released this year, and Nio might be able to use it to turn the tide.</p><p><b>Nio can't just have the \"old three things\"</b></p><p>Nio has already delivered three models – the ES8, ES6, and EC6, with deliveries starting in June 2018, June 2019, and September 2020, respectively. This is equivalent to delivering one new model every year.</p><p>However, Nio has not delivered any new models for a year and a half since September 2020. These three cars shaped the Nio brand and supported its market value of more than $30 billion.</p><p>In 2021, the ES8, the most expensive model in Nio, delivered a total of 20,050 units, while the ES6 delivered 41,474 units and the EC6 delivered 29,905 units. The total number of units sold across the three models is 91,429, more than double that of 2020, which is a good growth rate.</p><p><img src=\"https://static.tigerbbs.com/56687ed96956de98823e30ce823c49ee\" tg-width=\"1080\" tg-height=\"677\" referrerpolicy=\"no-referrer\"/></p><p>However, compared with its peers, this achievement is not outstanding – the total delivery volume was surpassed by XPeng, and the growth rate was not as good as that of XPeng and Li Auto.</p><p>Fortunately, cars in Nio are more expensive, giving them an advantage in terms of income.</p><p>In 2021, Nio' total revenue reached 36.1 billion yuan, far exceeding that of XPeng and Li Auto. Based on this calculation, the revenue per vehicle in Nio is close to 400,000 yuan. Of course, a small portion of this revenue comes from selling parts and value-added services.</p><p>Li Auto is catching up the fastest in terms of income. The Li Auto ONE is priced at over 300,000 yuan. In 2021, Li Auto's total revenue was 27 billion yuan, nearly doubling, narrowing the gap with Nio.</p><p>Nio remains the biggest loser. In the four quarters of 2021, Nio suffered net losses of 450 million yuan, 590 million yuan, 840 million yuan, and 2.14 billion yuan respectively, with a net loss of 4 billion yuan for the whole year. When it comes to losing money, Li Auto and XPeng have never been a match for Nio.</p><p><img src=\"https://static.tigerbbs.com/c0b461fa0eeedce0414e3e9dece10659\" tg-width=\"1080\" tg-height=\"737\" referrerpolicy=\"no-referrer\"/></p><p>From an operational perspective, there are still some positive signals, such as Nio' gross profit margin continuing to improve. The gross profit margin of vehicle sales remained above 20% in the four quarters of 2021, while the average in 2020 was less than 10%. In addition, the company's gross profit margin remained above 17% last year, which is the foundation for Nio to make money in the future.</p><p><img src=\"https://static.tigerbbs.com/558cd217755a9f5a13032691fd808710\" tg-width=\"1080\" tg-height=\"688\" referrerpolicy=\"no-referrer\"/></p><p>But differences are made only through comparison. In terms of gross profit margin,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Li Auto is running faster than NIO. Tesla's gross profit margin has increased to 30%, and Li Auto's exceeds 22%, both of which are better than Nio.</p><p>Overall, prior to 2021, Nio was the leading emerging Chinese car manufacturer. Nio ranks first in terms of new car sales, revenue, and brand awareness. However, since the beginning of 2021, Nio' various advantages have become less obvious.</p><p>In terms of total sales, Nio is not inferior to XPeng, and has ranked last among \"Wei Xiaoli\" for five consecutive months; In terms of sales per vehicle, the sales of each model in Nio are not high. Since the end of last year, Nio has only given a total figure and no longer provided details when announcing its monthly delivery figures. In terms of hype, XPeng has LiDAR,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Robot horses and even flying cars have been labeled as \"blockbuster models\" by Li Auto, while Nio is relatively uneventful.</p><p>Ultimately, it's because the new products haven't been connected.</p><p>Last year, XPeng began delivering the world's first mass-produced model equipped with LiDAR, the P5, and the facelifted G3i also began deliveries, which drove continuous sales growth in XPeng. The Li Auto ONE underwent a mid-cycle facelift last May, which also boosted sales. However, Nio has always remained the \"old three,\" all developed based on the first-generation technology platform of Nio, and currently has no advantages in either hardware or software.</p><p>If we don't unleash our ultimate move soon, Nio will be caught up. This major move is the new model launched this year.</p><p><b>The big move is here! Is it time to buy Nio at the bottom?</b></p><p>This year, Nio will launch three new models at once – the ET7, ET5, and ES7. The ET7, which took the lead, opened for test drives in March and will begin official deliveries on March 28. Therefore, in three days, the number of mass-produced models already delivered by Nio will increase to four.</p><p>The ET7 was actually released as early as January 2021. This car is very different from the \"old three\". It is the first model developed based on Nio' second-generation technology platform NT2, and it has taken a step up in terms of configuration parameters and other aspects.</p><p>For example, finally switching to<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>The platform uses the latest Orin chips and is equipped with four chips, with a computing power of up to 1016 TOPS. It is currently the most powerful mass-produced mobile computing platform and also uses a solid-state battery with a range of up to 1,000 kilometers. The new car will be fully comparable to the BMW 7 Series after its launch.</p><p>Some car owners waited more than a year for this car. The latest news is that the first batch of mass-produced Nio ET7 vehicles has officially rolled off the production line and will officially begin deliveries on March 28, with a price of 436,600-513,400 yuan after subsidies.</p><p>In addition to the ET7, Nio also launched another new car, the ET5, at the end of last year. This is a mid-size sedan slightly lower than the ET7, with a starting price of 328,000 yuan after subsidies. Deliveries are expected to begin in September this year. In addition, Nio stated that it will soon release a new model, the ES7, a five-seater SUV, with deliveries scheduled to begin in the third quarter of this year.</p><p>These three new cars are all developed based on Nio' second-generation technology platform NT2, which we can simply refer to as the \"New Three\".</p><p>After Nio launched the \"new three items\" in one go, it will greatly enrich its product matrix. Judging from the effectiveness of XPeng launching new products last year, it should drive a wave of order growth.</p><p><img src=\"https://static.tigerbbs.com/9b1f8e356f3ceac5090bc5e1ebbd391b\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p>Source /<a href=\"https://laohu8.com/S/000681\">Visual China</a></p><p>Nio actually knew very well that the product had to be upgraded. To break through, we must replace the \"old three items\" with the \"new three items,\" although this process will be somewhat lengthy.</p><p>In order to prepare for this big move, Nio continued to spend money on research and development. In 2021, Nio spent 4.6 billion yuan on R&D, nearly doubling compared to 2020. In 2018 and 2019, Nio' annual R&D expenditure exceeded 4 billion yuan.</p><p>Among Weixiaoli, Nio was the earliest and only one to develop its own chips. Li Bin proposed an aggressive approach to self-developed chips. The joining of Bai Jian, general manager of Xiaomi's chip and forward-looking research department, was a landmark event, and Nio assembled his own hardware team. According to current plans, after Nvidia's Orin, Nio may use its own core chips in its next-generation models.</p><p>In addition, Nio has another move – to enter the mass market.</p><p>During this earnings call, Li Bin stated that the new brand targeting the mass market is progressing steadily, the core team has been formed, the strategic direction has been clarified, and the first batch of products has entered the critical research and development stage. Li Bin previously said that the relationship between the Nio brand and new brands in the mass market is similar to the relationship between Audi and Volkswagen, and Lexus and Toyota.</p><p>Previously, Nio had always positioned itself in the high-end market, competing with BBA (BMW, Mercedes-Benz, and Audi). The new brand will further lower the price range of Nio and expand the target audience.</p><p>Judging from the current layout of Nio, the concentrated delivery of the \"new three items\" will take place this year, and the development of the Volkswagen brand has also been put on the agenda. With the launch of these new products, Nio' product line will become more complex and there will be more stories to tell. Nio is about to start catching up.</p><p></body></html></p>","source":"lsy1634812245056","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>If we don't unleash our ultimate move soon, Nio will be caught up.</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\">\nIf we don't unleash our ultimate move soon, Nio will be caught up.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">深途</strong><span class=\"h-time small\">2022-03-26 10:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The financial reports of \"Weixiaoli\" have been released one after another. This time, they submitted their full-year results for 2021. Let's take a look in this issue.<a href=\"https://laohu8.com/S/NIO\">Nio</a>。</p><p>Nio released its financial report this morning, but overall it didn't have many highlights. In 2021, the company reported revenue of 36.1 billion yuan, a net loss of 4 billion yuan, and cash on hand of 18.3 billion yuan, which were largely within expectations. The data for the fourth quarter of last year has also been released, with revenue of 9.9 billion yuan and a net loss of 2.1 billion yuan, which is indeed very \"Nio\".</p><p>The gross profit margin is worth noting. The gross profit margin for vehicle sales was 20.9%, reaching a high level in the past two years, while the company's gross profit margin was 17.2%, which was consistent. In the third quarter of last year, Nio made a lot of money by selling new energy credits, resulting in the company's gross profit margin exceeding 20%. However, this was a one-off transaction, and since there were no points to sell, the gross profit margin quickly dropped.</p><p>Nio has not delivered any new models in the past year or so. Throughout 2021, Nio delivered 91,429 vehicles, maintaining its second-largest position among emerging electric vehicle manufacturers by a narrow margin. This is the first time Nio has been overtaken by XPeng.</p><p>During the earnings call, Nio founder Li Bin also revealed some information, such as that Nio has not yet raised prices and has no intention of raising prices. He will look at whether the pricing policy will be adjusted based on market conditions. Nio is progressing steadily with its new brand targeting the mass market. The core team has been assembled, the strategic direction has been clarified, and the first batch of products has entered the critical research and development stage.</p><p>Nio is preparing a major move, which will be gradually released this year, and Nio might be able to use it to turn the tide.</p><p><b>Nio can't just have the \"old three things\"</b></p><p>Nio has already delivered three models – the ES8, ES6, and EC6, with deliveries starting in June 2018, June 2019, and September 2020, respectively. This is equivalent to delivering one new model every year.</p><p>However, Nio has not delivered any new models for a year and a half since September 2020. These three cars shaped the Nio brand and supported its market value of more than $30 billion.</p><p>In 2021, the ES8, the most expensive model in Nio, delivered a total of 20,050 units, while the ES6 delivered 41,474 units and the EC6 delivered 29,905 units. The total number of units sold across the three models is 91,429, more than double that of 2020, which is a good growth rate.</p><p><img src=\"https://static.tigerbbs.com/56687ed96956de98823e30ce823c49ee\" tg-width=\"1080\" tg-height=\"677\" referrerpolicy=\"no-referrer\"/></p><p>However, compared with its peers, this achievement is not outstanding – the total delivery volume was surpassed by XPeng, and the growth rate was not as good as that of XPeng and Li Auto.</p><p>Fortunately, cars in Nio are more expensive, giving them an advantage in terms of income.</p><p>In 2021, Nio' total revenue reached 36.1 billion yuan, far exceeding that of XPeng and Li Auto. Based on this calculation, the revenue per vehicle in Nio is close to 400,000 yuan. Of course, a small portion of this revenue comes from selling parts and value-added services.</p><p>Li Auto is catching up the fastest in terms of income. The Li Auto ONE is priced at over 300,000 yuan. In 2021, Li Auto's total revenue was 27 billion yuan, nearly doubling, narrowing the gap with Nio.</p><p>Nio remains the biggest loser. In the four quarters of 2021, Nio suffered net losses of 450 million yuan, 590 million yuan, 840 million yuan, and 2.14 billion yuan respectively, with a net loss of 4 billion yuan for the whole year. When it comes to losing money, Li Auto and XPeng have never been a match for Nio.</p><p><img src=\"https://static.tigerbbs.com/c0b461fa0eeedce0414e3e9dece10659\" tg-width=\"1080\" tg-height=\"737\" referrerpolicy=\"no-referrer\"/></p><p>From an operational perspective, there are still some positive signals, such as Nio' gross profit margin continuing to improve. The gross profit margin of vehicle sales remained above 20% in the four quarters of 2021, while the average in 2020 was less than 10%. In addition, the company's gross profit margin remained above 17% last year, which is the foundation for Nio to make money in the future.</p><p><img src=\"https://static.tigerbbs.com/558cd217755a9f5a13032691fd808710\" tg-width=\"1080\" tg-height=\"688\" referrerpolicy=\"no-referrer\"/></p><p>But differences are made only through comparison. In terms of gross profit margin,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Li Auto is running faster than NIO. Tesla's gross profit margin has increased to 30%, and Li Auto's exceeds 22%, both of which are better than Nio.</p><p>Overall, prior to 2021, Nio was the leading emerging Chinese car manufacturer. Nio ranks first in terms of new car sales, revenue, and brand awareness. However, since the beginning of 2021, Nio' various advantages have become less obvious.</p><p>In terms of total sales, Nio is not inferior to XPeng, and has ranked last among \"Wei Xiaoli\" for five consecutive months; In terms of sales per vehicle, the sales of each model in Nio are not high. Since the end of last year, Nio has only given a total figure and no longer provided details when announcing its monthly delivery figures. In terms of hype, XPeng has LiDAR,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Robot horses and even flying cars have been labeled as \"blockbuster models\" by Li Auto, while Nio is relatively uneventful.</p><p>Ultimately, it's because the new products haven't been connected.</p><p>Last year, XPeng began delivering the world's first mass-produced model equipped with LiDAR, the P5, and the facelifted G3i also began deliveries, which drove continuous sales growth in XPeng. The Li Auto ONE underwent a mid-cycle facelift last May, which also boosted sales. However, Nio has always remained the \"old three,\" all developed based on the first-generation technology platform of Nio, and currently has no advantages in either hardware or software.</p><p>If we don't unleash our ultimate move soon, Nio will be caught up. This major move is the new model launched this year.</p><p><b>The big move is here! Is it time to buy Nio at the bottom?</b></p><p>This year, Nio will launch three new models at once – the ET7, ET5, and ES7. The ET7, which took the lead, opened for test drives in March and will begin official deliveries on March 28. Therefore, in three days, the number of mass-produced models already delivered by Nio will increase to four.</p><p>The ET7 was actually released as early as January 2021. This car is very different from the \"old three\". It is the first model developed based on Nio' second-generation technology platform NT2, and it has taken a step up in terms of configuration parameters and other aspects.</p><p>For example, finally switching to<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>The platform uses the latest Orin chips and is equipped with four chips, with a computing power of up to 1016 TOPS. It is currently the most powerful mass-produced mobile computing platform and also uses a solid-state battery with a range of up to 1,000 kilometers. The new car will be fully comparable to the BMW 7 Series after its launch.</p><p>Some car owners waited more than a year for this car. The latest news is that the first batch of mass-produced Nio ET7 vehicles has officially rolled off the production line and will officially begin deliveries on March 28, with a price of 436,600-513,400 yuan after subsidies.</p><p>In addition to the ET7, Nio also launched another new car, the ET5, at the end of last year. This is a mid-size sedan slightly lower than the ET7, with a starting price of 328,000 yuan after subsidies. Deliveries are expected to begin in September this year. In addition, Nio stated that it will soon release a new model, the ES7, a five-seater SUV, with deliveries scheduled to begin in the third quarter of this year.</p><p>These three new cars are all developed based on Nio' second-generation technology platform NT2, which we can simply refer to as the \"New Three\".</p><p>After Nio launched the \"new three items\" in one go, it will greatly enrich its product matrix. Judging from the effectiveness of XPeng launching new products last year, it should drive a wave of order growth.</p><p><img src=\"https://static.tigerbbs.com/9b1f8e356f3ceac5090bc5e1ebbd391b\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/></p><p>Source /<a href=\"https://laohu8.com/S/000681\">Visual China</a></p><p>Nio actually knew very well that the product had to be upgraded. To break through, we must replace the \"old three items\" with the \"new three items,\" although this process will be somewhat lengthy.</p><p>In order to prepare for this big move, Nio continued to spend money on research and development. In 2021, Nio spent 4.6 billion yuan on R&D, nearly doubling compared to 2020. In 2018 and 2019, Nio' annual R&D expenditure exceeded 4 billion yuan.</p><p>Among Weixiaoli, Nio was the earliest and only one to develop its own chips. Li Bin proposed an aggressive approach to self-developed chips. The joining of Bai Jian, general manager of Xiaomi's chip and forward-looking research department, was a landmark event, and Nio assembled his own hardware team. According to current plans, after Nvidia's Orin, Nio may use its own core chips in its next-generation models.</p><p>In addition, Nio has another move – to enter the mass market.</p><p>During this earnings call, Li Bin stated that the new brand targeting the mass market is progressing steadily, the core team has been formed, the strategic direction has been clarified, and the first batch of products has entered the critical research and development stage. Li Bin previously said that the relationship between the Nio brand and new brands in the mass market is similar to the relationship between Audi and Volkswagen, and Lexus and Toyota.</p><p>Previously, Nio had always positioned itself in the high-end market, competing with BBA (BMW, Mercedes-Benz, and Audi). The new brand will further lower the price range of Nio and expand the target audience.</p><p>Judging from the current layout of Nio, the concentrated delivery of the \"new three items\" will take place this year, and the development of the Volkswagen brand has also been put on the agenda. With the launch of these new products, Nio' product line will become more complex and there will be more stories to tell. Nio is about to start catching up.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/oCdo2iWyj0rmj0gNove4Ug\">深途</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"BK4555":"新能源车","NIO":"蔚来","BK4531":"中概回港概念","BK4509":"腾讯概念","BK4099":"汽车制造商","BK4526":"热门中概股","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4534":"瑞士信贷持仓","BK4505":"高瓴资本持仓","BK4548":"巴美列捷福持仓","BK4504":"桥水持仓","BK4532":"文艺复兴科技持仓"},"source_url":"https://mp.weixin.qq.com/s/oCdo2iWyj0rmj0gNove4Ug","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157034832","content_text":"“蔚小理”的财报陆续出炉了，这次交上的是2021年的全年成绩单，这一期我们看看蔚来。蔚来财报今天早上发布，整体上并无太大亮点。2021年收入361亿，净亏损40亿，账上现金183亿，基本都在预料之内。去年四季度的数据也出来了，收入99亿，净亏损21亿，的确很“蔚来”。值得关注的是毛利率。车辆销售毛利率20.9%，达到了过去两年的高位，公司毛利率17.2%，中规中矩。去年三季度，蔚来靠卖新能源积分，赚了一大笔钱，导致公司毛利率超过了20%。不过这是一锤子买卖，没得积分卖，毛利率很快就下来了。在过去一年多时间，蔚来都没有交付新车型。整个2021年，蔚来交付了91429辆车，以微弱优势保住了造车新势力第二的位置。这是蔚来头一回被小鹏反超。财报电话会议上，蔚来创始人李斌还透露了一些信息，比如目前蔚来还没有提价，当前没有提价的想法，接下来会根据市场情况来看定价政策是否调整；蔚来面向大众市场的新品牌稳步推进，目前核心团队已经组建完成，战略方向已经明确，首批产品已经进入关键研发阶段。蔚来在憋一个大招，这个大招将在今年慢慢放出来，蔚来或许能借此扳回一城。蔚来不能只有“老三样”蔚来已经交付的车型，现在一共有三款——ES8、ES6、EC6，分别于2018年6月、2019年6月、2020年9月开始交付。相当于每年交付一款新车型。但是从2020年9月至今，一年半的时间里，蔚来一直没有交付新车型。就是这三款车，塑造了蔚来汽车的品牌，撑起了300多亿美元的市值。2021年，蔚来售价最贵的ES8，一共交付20050辆，销量担当ES6交付41474辆，EC6交付29905辆。三款车加起来一共91429辆，比2020年翻了一倍多，增速还是不错的。但是跟同行相比，这个成绩不算突出——总交付量被小鹏超过了，增速也不敌小鹏和理想。好在蔚来的车卖的贵，在收入上有优势。2021年蔚来总收入361亿元，远超小鹏和理想。以此算下来，蔚来的单车收入接近40万元。当然，这其中还有少部分收入是卖配件、增值服务产生的。在收入上追赶最快的是理想。理想ONE的售价超过30万元。2021年理想的总收入为270亿元，增长近两倍，与蔚来的差距在缩小。蔚来依然是亏损最多的。2021年的四个季度，蔚来分别净亏损4.5亿元、5.9亿元、8.4亿元、21.4亿元，全年净亏损40亿元。论亏钱，理想和小鹏从来都不是蔚来的对手。从经营层面，还是能看到一些积极信号，比如蔚来的毛利率一直在改善。车辆销售毛利率在2021年的四个季度基本能维持在20%以上，而2020年这个数据的平均值不到10%。另外，公司毛利率去年一直维持在17%以上，这是蔚来在未来赚钱的基础。但有对比才有差别。在毛利率这一点上，特斯拉和理想要比蔚来跑得更快。特斯拉的车辆毛利率已经提升至30%，理想超过22%，都要优于蔚来。总体而言，2021年以前，蔚来一直是中国造车新势力的老大。不论是新车销量，还是收入规模，亦或品牌声量，蔚来都是第一。但进入2021年以后，蔚来的各项优势不再那么明显。论总销量，蔚来不低小鹏，而且已经连续五个月在“蔚小理”中垫底；论单车销量，蔚来的每一款车销量都不高，从去年底开始，蔚来在公布每个月交付量时，开始只给一个总数字，不再给明细；论造势，小鹏有激光雷达、智能机器马，甚至飞行汽车，理想也有“爆款”的标签，蔚来相对平淡很多。归根到底还是新产品没有衔接上。去年小鹏开始交付全球首款搭载激光雷达的量产车型P5，改款的G3i也开始交付，这带动小鹏的销量持续增长。理想ONE在去年5月进行中期改款，也拉了一波销量。但蔚来至始至终都还是“老三样”，都是基于蔚来第一代技术平台开发，不论是硬件还是软件，现在都不具备优势。再不放大招，蔚来要被追上了。而这个大招，就是今年上市的新车型。大招来了，可以抄底蔚来了吗？今年，蔚来要一口气上市三款新车型——ET7、ET5、ES7。打头阵的ET7，3月已经开放试驾，并将在3月28日开始正式交付。所以3天后，蔚来已经交付的量产车型，将变成四款。ET7其实早在2021年1月就发布了，这款车跟“老三样”有很大不同，它是基于蔚来第二代技术平台NT2开发的首款车型，在配置参数等各方面都上了一个台阶。比如终于切换到英伟达平台，用的是最新的Orin芯片，而且直接配备了四颗，算力高达1016TOPS，是目前最强大的量产移动计算平台，还采用了固态电池，续航里程最高可达到1000公里。新车上市后将全面对标宝马7系。有车主为了这款车，等了整整一年多。最新的消息是，蔚来ET7首批量产车已经正式下线，并将在3月28日正式开启交付，补贴后售价43.66-51.34万元。除了ET7，蔚来还在去年底推出了另一款新车ET5，这是一款比ET7略低一档的中型轿车，补贴后起售价为32.8万元，预计将在今年9月开始交付。另外，蔚来表示还将在近期发布新车型ES7，这是一款五座SUV，计划于今年三季度开启交付。这三款新车，都是基于蔚来第二代技术平台NT2开发，我们不妨将之简称为“新三样”。蔚来一口气推出“新三样”之后，将大大丰富产品矩阵。按照去年小鹏推新品的效果来看，应该会拉动一波订单增长。来源 / 视觉中国蔚来其实很清楚，产品必须得升级了。要打开局面，必须得用“新三样”替换“老三样”，只不过这个过程略显漫长。为了憋这个大招，蔚来继续在研发上砸钱。2021年蔚来研发开支46亿元，相比2020年近乎翻倍。2018年和2019年，蔚来每年的研发开支都在40亿元以上。在蔚小理中，蔚来是最早也是唯一一个自研芯片的。李斌提出了激进的芯片自研路线，小米芯片和前瞻研究部门总经理白剑的加盟是一个标志性事件，蔚来组建了自己的硬件团队。按照目前的规划，在英伟达Orin之后，蔚来有可能会在下一代车型上使用自行设计的核心芯片。另外，蔚来还有一步棋——进军大众市场。在这次的财报电话会上，李斌表示，面向大众市场的新品牌稳步推进，目前核心团队已经组建完成，战略方向已经明确，首批产品已经进入关键研发阶段。此前李斌曾说，蔚来品牌与大众市场新品牌的关系类似于奥迪与大众、雷克萨斯与丰田的关系。此前蔚来一直定位高端市场，对标BBA，新品牌将把蔚来的价格区间进一步拉低，面向的目标人群也会扩大。从当前蔚来的布局来看，“新三样”的集中交付都会在今年，大众品牌的开发也已经提上日程。随着这些新产品面世，蔚来的产品线会更加复杂，能讲的故事也会更多。蔚来要开始加速追赶了。","news_type":1,"symbols_score_info":{"EVS.SI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899452980,"gmtCreate":1628212272240,"gmtModify":1703503201326,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/899452980","repostId":"1109582203","repostType":4,"isVote":1,"tweetType":1,"viewCount":1095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130090914,"gmtCreate":1621491962038,"gmtModify":1704358504373,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"I f","listText":"I f","text":"I f","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/130090914","repostId":"1115338078","repostType":4,"repost":{"id":"1115338078","kind":"news","pubTimestamp":1621490918,"share":"https://ttm.financial/m/news/1115338078?lang=en_US&edition=fundamental","pubTime":"2021-05-20 14:08","market":"hk","language":"zh","title":"Shenzhen's SEG Plaza is suspected of shaking again; the management office has notified high-rise shops to come downstairs.","url":"https://stock-news.laohu8.com/highlight/detail?id=1115338078","media":"封面新闻","summary":"5月20日中午，多位深圳赛格大厦商户向封面新闻记者表示20日12时30分左右在35楼、55楼、60楼等多个楼层感受到晃动，商户向记者提供的视频显示，有鱼缸内的水、落地电风扇有明显摇晃，有保安在通知高层","content":"<p>On the afternoon of May 20, several merchants in Shenzhen's SEG Plaza told Cover News that they felt shaking on several floors, including the 35th, 55th, and 60th floors, at around 12:30 p.m. on the 20th. Videos provided to the reporters by the merchants showed that water in fish tanks and floor fans were noticeably shaking, and security guards were notifying merchants on high floors to evacuate downstairs.</p><p><img src=\"https://static.tigerbbs.com/c9e7765bdddd97b039f87072d8b6813f\" tg-width=\"640\" tg-height=\"767\" referrerpolicy=\"no-referrer\"></p><p>Video screenshots provided by merchants on May 20</p><p>Around 1 p.m. on the 20th, a reporter from Cover News called the SEG Plaza duty hotline and learned that staff had been arranged to notify high-rise shops to come downstairs.</p><p>At 12:31 p.m. on May 18, the SEG Plaza duty staff received reports from tenants that they felt the building shaking. The building management office quickly notified the occupants of the building through a floor loudspeaker to evacuate in an emergency manner and arranged for staff to guide them to evacuate in an orderly manner.</p><p><img src=\"https://static.tigerbbs.com/da9d6ebb8c37ff181e46e4f757ecf0af\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p>Aerial photograph taken in SEG Plaza on May 19.</p><p>According to a Shenzhen official announcement on the evening of May 19, commissioned by the Shenzhen Municipal Department of Housing and Urban-Rural Development, from 9 p.m. on May 18 to 3 p.m. on May 19, multiple professional institutions conducted real-time monitoring of the vibration, tilt, and settlement of the SEG Plaza. All three indicators were far below the permitted values of the specifications, and the monitoring data did not show any abnormalities. Currently, no safety abnormalities have been found in the building's main structure or surrounding environment, and the building's main structure is safe. The specific cause of the tremor is under further investigation.</p>","source":"fmxw","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>Shenzhen's SEG Plaza is suspected of shaking again; the management office has notified high-rise shops to come downstairs.</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\">\nShenzhen's SEG Plaza is suspected of shaking again; the management office has notified high-rise shops to come downstairs.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">封面新闻</strong><span class=\"h-time small\">2021-05-20 14:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On the afternoon of May 20, several merchants in Shenzhen's SEG Plaza told Cover News that they felt shaking on several floors, including the 35th, 55th, and 60th floors, at around 12:30 p.m. on the 20th. Videos provided to the reporters by the merchants showed that water in fish tanks and floor fans were noticeably shaking, and security guards were notifying merchants on high floors to evacuate downstairs.</p><p><img src=\"https://static.tigerbbs.com/c9e7765bdddd97b039f87072d8b6813f\" tg-width=\"640\" tg-height=\"767\" referrerpolicy=\"no-referrer\"></p><p>Video screenshots provided by merchants on May 20</p><p>Around 1 p.m. on the 20th, a reporter from Cover News called the SEG Plaza duty hotline and learned that staff had been arranged to notify high-rise shops to come downstairs.</p><p>At 12:31 p.m. on May 18, the SEG Plaza duty staff received reports from tenants that they felt the building shaking. The building management office quickly notified the occupants of the building through a floor loudspeaker to evacuate in an emergency manner and arranged for staff to guide them to evacuate in an orderly manner.</p><p><img src=\"https://static.tigerbbs.com/da9d6ebb8c37ff181e46e4f757ecf0af\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p>Aerial photograph taken in SEG Plaza on May 19.</p><p>According to a Shenzhen official announcement on the evening of May 19, commissioned by the Shenzhen Municipal Department of Housing and Urban-Rural Development, from 9 p.m. on May 18 to 3 p.m. on May 19, multiple professional institutions conducted real-time monitoring of the vibration, tilt, and settlement of the SEG Plaza. All three indicators were far below the permitted values of the specifications, and the monitoring data did not show any abnormalities. Currently, no safety abnormalities have been found in the building's main structure or surrounding environment, and the building's main structure is safe. The specific cause of the tremor is under further investigation.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mbd.baidu.com/newspage/data/landingsuper?context=%7B%22nid%22%3A%22news_8694115307009371925%22%7D&n_type=-1&p_from=-1\">封面新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da9d6ebb8c37ff181e46e4f757ecf0af","relate_stocks":{},"source_url":"https://mbd.baidu.com/newspage/data/landingsuper?context=%7B%22nid%22%3A%22news_8694115307009371925%22%7D&n_type=-1&p_from=-1","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115338078","content_text":"5月20日中午，多位深圳赛格大厦商户向封面新闻记者表示20日12时30分左右在35楼、55楼、60楼等多个楼层感受到晃动，商户向记者提供的视频显示，有鱼缸内的水、落地电风扇有明显摇晃，有保安在通知高层商户向下撤离。5月20日商户提供的视频截图20日13时左右，封面新闻记者致电赛格广场值班电话了解到，已安排工作人员通知高层商户下楼。5月18日12点31分，赛格广场值班人员接到租户反映感觉大楼晃动，大楼管理处迅速通过楼层广播通知楼内人员应急疏散，并安排工作人员引导人员有序撤离。5月19日赛格大厦航拍。据深圳官方5月19日晚通报称，受深圳市住建部门委托，5月18日晚上21时至19日下午15时，多家专业机构对赛格大厦的振动、倾斜、沉降等情况进行实时监测，该三项指标均远远小于规范允许值，监测数据未显示异常情况。目前，大厦主体结构及周边环境未发现涉及安全异常情况，大厦主体结构安全。产生震动的具体原因正进一步核查中。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191819910,"gmtCreate":1620868711430,"gmtModify":1704349533508,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"D","listText":"D","text":"D","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/191819910","repostId":"1123721888","repostType":4,"repost":{"id":"1123721888","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":1620812439,"share":"https://ttm.financial/m/news/1123721888?lang=en_US&edition=fundamental","pubTime":"2021-05-12 17:40","market":"us","language":"zh","title":"Tiger Brokers has been included in the MSCI China All Equity Index!","url":"https://stock-news.laohu8.com/highlight/detail?id=1123721888","media":"老虎资讯综合","summary":"此次被纳入MSCI意味着国际资本市场对老虎证券的认可和信心！","content":"<p>On May 11, MSCI, an international index provider, released its quarterly index adjustment results for May.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>It will be included in the MSCI China All Shares Index, effective after the market closes on May 27.</p><p>Tiger Brokers founder and CEO Wu Tianhua stated, \"Tiger Brokers' inclusion in the MSCI China All Equity Index represents international market recognition and confidence in our long-term investment value and development prospects. Tiger Brokers' mission is to make investing better through technology. Through continuous technological iteration, we are committed to providing investors with a more efficient, convenient, and smooth one-stop global investment experience.\" As Tiger enters countries and regions such as Singapore and the United States, we look forward to serving even more global users.<img src=\"https://static.tigerbbs.com/6cac618ec6413c15fd5aad09ee702621\" tg-width=\"405\" tg-height=\"720\" referrerpolicy=\"no-referrer\">MSCI is currently the world's most important index company, compiling hundreds of indices for various markets around the world, which are used as investment benchmarks and tracked by numerous international institutions and investors. Since launching its first index in 1969, MSCI has primarily provided products and services such as indices, risk portfolio and performance analysis tools, and corporate governance tools, tailored to different countries and regions, market sizes, industries, and investment methods. With approximately $10 trillion in global assets benchmarked against the MSCI index, 97 of the world's top 100 largest asset managers are MSCI clients. Pensions in the United States that hold 95% of their investment interests are benchmarked by MSCI.</p><p>The MSCI China All Shares Index, compiled by Morgan Stanley Capital International (MSCI), is the most important component of the MSCI Emerging Markets Index. According to MSCI's index adjustment methodology, companies that can be included in its index system generally have to meet a series of requirements, including total market capitalization, free-float market capitalization, liquidity, and trading hours.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8f2f148520e460cb20ee263c4b5fd2f\" tg-width=\"830\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><span>MSCI official website</span></p><p>Historical performance of the MSCI China All Shares Index:</p><p><img src=\"https://static.tigerbbs.com/6c5df675372dbd49e16da8a583e0f650\" tg-width=\"830\" tg-height=\"426\" referrerpolicy=\"no-referrer\">According to MSCI's quarterly adjustment results, the MSCI China All Stock Index added 60 stocks and removed 26 stocks. So what does being on the list mean for Tiger?</p><p>This signifies that the international capital market's recognition and confidence in Tiger Brokers will help further expand the company's influence in the international capital market and enhance the internationalization level of its shareholders.</p><p>According to MSCI estimates, trillions of dollars worldwide track emerging market indices, including both active and passive funds, with passive funds investing in the MSCI China All Equity Index. Once stocks are included in the index, passive investors will allocate these newly added constituent stocks proportionally.</p><p>View details:</p><p><a href=\"https://www.msci.com/eqb/gimi/stdindex/MSCI_May21_ChinaAllShares_PublicList.pdf\" target=\"_blank\">Explanation of Adjustments to MSCI China Index Constituents</a></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>Tiger Brokers has been included in the MSCI China All Equity Index!</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\">\nTiger Brokers has been included in the MSCI China All Equity Index!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-12 17:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 11, MSCI, an international index provider, released its quarterly index adjustment results for May.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>It will be included in the MSCI China All Shares Index, effective after the market closes on May 27.</p><p>Tiger Brokers founder and CEO Wu Tianhua stated, \"Tiger Brokers' inclusion in the MSCI China All Equity Index represents international market recognition and confidence in our long-term investment value and development prospects. Tiger Brokers' mission is to make investing better through technology. Through continuous technological iteration, we are committed to providing investors with a more efficient, convenient, and smooth one-stop global investment experience.\" As Tiger enters countries and regions such as Singapore and the United States, we look forward to serving even more global users.<img src=\"https://static.tigerbbs.com/6cac618ec6413c15fd5aad09ee702621\" tg-width=\"405\" tg-height=\"720\" referrerpolicy=\"no-referrer\">MSCI is currently the world's most important index company, compiling hundreds of indices for various markets around the world, which are used as investment benchmarks and tracked by numerous international institutions and investors. Since launching its first index in 1969, MSCI has primarily provided products and services such as indices, risk portfolio and performance analysis tools, and corporate governance tools, tailored to different countries and regions, market sizes, industries, and investment methods. With approximately $10 trillion in global assets benchmarked against the MSCI index, 97 of the world's top 100 largest asset managers are MSCI clients. Pensions in the United States that hold 95% of their investment interests are benchmarked by MSCI.</p><p>The MSCI China All Shares Index, compiled by Morgan Stanley Capital International (MSCI), is the most important component of the MSCI Emerging Markets Index. According to MSCI's index adjustment methodology, companies that can be included in its index system generally have to meet a series of requirements, including total market capitalization, free-float market capitalization, liquidity, and trading hours.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8f2f148520e460cb20ee263c4b5fd2f\" tg-width=\"830\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><span>MSCI official website</span></p><p>Historical performance of the MSCI China All Shares Index:</p><p><img src=\"https://static.tigerbbs.com/6c5df675372dbd49e16da8a583e0f650\" tg-width=\"830\" tg-height=\"426\" referrerpolicy=\"no-referrer\">According to MSCI's quarterly adjustment results, the MSCI China All Stock Index added 60 stocks and removed 26 stocks. So what does being on the list mean for Tiger?</p><p>This signifies that the international capital market's recognition and confidence in Tiger Brokers will help further expand the company's influence in the international capital market and enhance the internationalization level of its shareholders.</p><p>According to MSCI estimates, trillions of dollars worldwide track emerging market indices, including both active and passive funds, with passive funds investing in the MSCI China All Equity Index. Once stocks are included in the index, passive investors will allocate these newly added constituent stocks proportionally.</p><p>View details:</p><p><a href=\"https://www.msci.com/eqb/gimi/stdindex/MSCI_May21_ChinaAllShares_PublicList.pdf\" target=\"_blank\">Explanation of Adjustments to MSCI China Index Constituents</a></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e4b807dafecc161ebbd0d3c42055f20","relate_stocks":{"TIGR":"老虎证券"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123721888","content_text":"5月11日消息，国际指数编制公司MSCI公布5月指数季度调整结果，其中，老虎证券获纳入MSCI中国全股票指数（MSCI China All Shares Index），将于5月27日收盘后生效。老虎证券创始人及CEO巫天华表示：“老虎证券获纳入MSCI中国全股票指数代表国际市场对我们长期投资价值和发展前景的认可和信心。老虎证券的使命是科技让投资更美好。通过不断技术迭代，我们致力于为投资者提供更高效、便捷、流畅的一站式全球投资体验。随着老虎进入新加坡，美国等国家和地区，我们期待服务更多全球用户。”MSCI（明晟）是目前全球最重要的指数公司，编制数百种全球各个市场的指数，被大量国际机构，投资者作为投资基准并跟踪。从 1969年发布第一只指数至今，MSCI按照国家和区域、市场规模大小、行业及投资方式的不同，主要提供指数、风险组合和业绩分析工具以及公司治理工具等产品和服务。全球约10万亿美元的资产以MSCI指数为基准，全球前100个最大资产管理者中，97个都是MSCI的客户。美国95%的投资权益的养老金以MSCI为基准。MSCI中国全股票指数(MSCI China All Shares Index)由摩根士丹利资本国际(MSCI)编制，是 MSCI新兴市场指数中最重要的组成部分。根据 MSCI指数的调整方法，能被纳入到其指数体系的公司一般要满足总市值、自由流通市值、流动性和交易时间等一系列要求。MSCI官网明晟中国全股票指数(MSCI China All Shares Index)历史表现：根据MSCI发布的季度调整结果， MSCI中国全股票指数本次新增60只个股，剔除26只股票。那么，上榜对于老虎意味着什么呢？意味着国际资本市场对老虎证券的认可和信心，有助于进一步扩大公司国际资本市场影响力、提升公司股东国际化水平。据 MSCI估算，全球数以万亿美元的资金跟踪新兴市场指数，其中既包含了主动型资金，又包含了被动型基金，被动型资金以明晟中国全股票指数作为投资标的。当股票被纳入指数后，被动型投资者会按比例配置新增这些成份股。详情查看：MSCI中国指数成分股调整说明","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105354882,"gmtCreate":1620272954246,"gmtModify":1704341160472,"author":{"id":"3573976318383866","authorId":"3573976318383866","name":"小小小橘子","avatar":"https://community-static.tradeup.com/news/cdc454c1bd35f0fb1202ed00c9d6ff76","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573976318383866","authorIdStr":"3573976318383866"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/105354882","repostId":"1125870095","repostType":4,"repost":{"id":"1125870095","kind":"news","pubTimestamp":1620272002,"share":"https://ttm.financial/m/news/1125870095?lang=en_US&edition=fundamental","pubTime":"2021-05-06 11:33","market":"hk","language":"zh","title":"A piece of news from the United States triggered a sharp drop in Chinese vaccine stocks. What exactly happened?","url":"https://stock-news.laohu8.com/highlight/detail?id=1125870095","media":"新浪港股","summary":"当地时间周三，美国宣布支持豁免新冠疫苗知识产权保护。","content":"<p>A piece of news from across the Pacific triggered a global shock, with global vaccine stocks plummeting and the four leading vaccine companies in Hong Kong falling by nearly 20%. What happened?</p><p><b>As the global pandemic escalates, the United States supports exempting intellectual property rights for COVID-19 vaccines.</b></p><p>The global pandemic has led to a severe vaccine shortage. On Wednesday local time, the United States announced its support for exempting intellectual property protection for COVID-19 vaccines. U.S. Trade Representative Katherine Tai stated that the United States supports the WTO's proposal to waive intellectual property rights for COVID-19 vaccines, and the Biden administration will actively participate in WTO negotiations on waiver agreements and encourage other countries to participate.</p><p><img src=\"https://static.tigerbbs.com/1109609c7bf1731060ada65943d64702\" tg-width=\"550\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p>Previously, American pharmaceutical companies had engaged in heated internal debates and vigorous counterattacks on this matter. Dai Qi stated that the government's move was to quickly popularize safe and effective vaccines and end the COVID-19 pandemic. She also stated that the U.S. government will continue to strengthen cooperation with the private sector and all potential partners to expand vaccine manufacturing and distribution, and to work to increase the raw materials needed to produce these vaccines.</p><p>This move by the United States could expand the global supply of COVID-19 vaccines and narrow the vaccination gap between rich and poor countries. White House Chief of Staff Ron Klain said on the 2nd that intellectual property is part of the global shortage of COVID-19 vaccines, but the bigger problem lies in the manufacturing industry. He said the White House would reveal more information in the \"coming days\".</p><p>According to Xinhua News Agency, World Health Organization Director-General Tedros Adhanom Ghebreyesus and former British Prime Minister Gordon Brown jointly called on March 3 for a temporary exemption from intellectual property rights for COVID-19 vaccines.</p><p>At an online press conference held that day, Tedros Adhanom Ghebreyesus said that the number of new confirmed COVID-19 cases reported globally in the past two weeks was more than in the first six months of the pandemic combined. India and Brazil reported more than half of the world's new infections last week, and many other countries face very fragile situations.</p><p>Tedros Adhanom Ghebreyesus stated that if most adults were to be vaccinated to achieve herd immunity, the number of vaccines needed would far exceed the current number. In order to increase vaccine production, it is very important to temporarily exempt vaccine intellectual property rights, and this is not a \"charity issue\".</p><p><b>The global pandemic remains high, with a major outbreak in India.</b></p><p>During the May Day holiday, the global COVID-19 pandemic spread rapidly. As of May 6, statistics released by Johns Hopkins University in the United States showed that as of 11:11 p.m. Beijing time on May 5, the number of confirmed cases of COVID-19 worldwide had risen to 154,469,379, including 3,230,336 deaths.</p><p><img src=\"https://static.tigerbbs.com/1d98de1b70c1962668ab7254ee589a7f\" tg-width=\"512\" tg-height=\"170\" referrerpolicy=\"no-referrer\"></p><p>The COVID-19 situation in the United States has improved significantly compared to its peak, but tens of thousands of people are still infected every day. Currently, a total of 32,514,808 confirmed cases of COVID-19 have been reported, and 578,524 patients have died. The epidemic situation in many European countries is fluctuating, and the number of confirmed cases in some countries remains high. As of press time, France has a total of 5,742,792 confirmed cases, the UK has 4,439,494, Italy has 4,059,821, Spain has 3,544,945, and Germany has 3,462,292.</p><p>Among major emerging market countries, India, whose COVID-19 situation has worsened recently, has shown no signs of improvement, with daily new confirmed cases remaining above 300,000, bringing the total number of cases to 20,665,148. Brazil (14,122,795 cases) and Russia (4,682,573 cases) have the most severe epidemics. In the Americas, Colombia (2,701,313 cases), Argentina (2,769,552 cases), and Mexico (2,315,811 cases) had the highest number of confirmed cases.</p><p>Currently, India has become a global hotspot for the pandemic. Data released by the Indian Ministry of Health shows that at 9:00 a.m. on May 4, India became the second country, after the United States, to surpass 20 million cumulative confirmed cases. The latest figures show that as of 6 p.m. on the 5th, the cumulative number of confirmed cases of COVID-19 in India has reached 20.66 million.</p><p>Xinhua News Agency reported that just as people were focusing on the epidemic in India, the epidemic in neighboring Nepal was also deteriorating rapidly. As of 6 p.m. on the 5th, Nepal had accumulated more than 350,000 confirmed cases.</p><p>According to foreign media reports, the healthcare system in this country with a population of less than 30 million is already overwhelmed. Like India, Nepal is experiencing shortages of medical supplies such as hospital beds and oxygen.</p><p>In fact, it's not just India and Nepal; countries in Southeast Asia, from Laos, Cambodia, and Thailand to Bhutan, which borders India, are also facing a new wave of the pandemic.</p><p>Bloomberg's month-on-month COVID-19 statistics show that Laos saw the largest increase, followed by Nepal and Thailand – new cases in April surged about 10 times compared to March.</p><p><b>Hong Kong's four leading vaccine companies plummeted, wiping out over 40 billion yuan.</b></p><p>Affected by the news that the United States will abandon the patent of the COVID-19 vaccine, many US vaccine concept stocks fell.</p><p><img src=\"https://static.tigerbbs.com/1a902ba42db2671f804bfbff23f5c894\" tg-width=\"550\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p><p>In the large-cap vaccine valley of the US stock market, Moderna fell by more than 6%, its market value evaporated by $4.3 billion, equivalent to about 28 billion yuan, and Biotech fell by more than 3%.<a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>It fell slightly by 0.42%.</p><p>News from across the Pacific triggered a major shock in Chinese vaccine stocks. In the A-share market,<a href=\"https://laohu8.com/S/300142\">Watson Bio</a>It plummeted 13%.<a href=\"https://laohu8.com/S/300122\">Zhifei Biological</a>Minova and Fosun Pharma fell by more than 11%, hitting the daily limit down.</p><p><img src=\"https://static.tigerbbs.com/1f21a4c7d6aa9c56d008e3783d1f2c76\" tg-width=\"550\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p>In the Hong Kong stock market, those with a market capitalization of hundreds of billions<a href=\"https://laohu8.com/S/06185\">CanSino Biologics</a>A panic sell-off occurred, with the market capitalization plummeting by more than 20% at one point, affecting hundreds of billions of yuan.<a href=\"https://laohu8.com/S/600196\">Fosun Pharma</a>It fell nearly 19%, with a market capitalization of hundreds of billions.<a href=\"https://laohu8.com/S/01177\">China Biopharmaceutical</a>It fell nearly 4%. As of press time, CanSino Biologics' A-share market capitalization has evaporated by 8.2 billion yuan, and its H-share market capitalization has evaporated by 8.1 billion Hong Kong dollars, for a total loss of 15 billion yuan.<a href=\"https://laohu8.com/S/02196\">Fosun Pharma</a>A-shares lost 12 billion yuan, and Fosun Pharma's H-shares lost 5.8 billion Hong Kong dollars, for a total loss of 16.8 billion yuan. China Biopharmaceuticals evaporated HK$7.2 billion, equivalent to 6 billion yuan. The three leading companies combined lost nearly 40 billion yuan in market value.</p><p><img src=\"https://static.tigerbbs.com/c35962533f9acc546f82749f63898df0\" tg-width=\"550\" tg-height=\"186\" referrerpolicy=\"no-referrer\"></p><p>Some market analysts say that mRNA is not very effective against the mutated novel coronavirus, and now even Biden himself is worried that the virus from India will enter the United States. Some analysts believe that they are now skeptical about the United States' statement of giving up vaccine patents, and will wait until it is realized, and whether any conditions will be attached until it is also realized.</p><p>Yan Zhaojun, a strategist at Zhongtai International, said that the United States' support for exempting COVID-19 vaccine intellectual property rights is based on humanitarian and long-term economic considerations. Currently, there is a shortage of vaccines in emerging markets and underdeveloped countries. The United States' abandonment of vaccine intellectual property rights can allow overseas regions to accelerate vaccine production and accelerate the normalization of global economic activities, but it cannot be ruled out that it will have a negative impact on concept stocks in the short term.</p>","source":"highlight_sina","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>A piece of news from the United States triggered a sharp drop in Chinese vaccine stocks. What exactly happened?</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\">\nA piece of news from the United States triggered a sharp drop in Chinese vaccine stocks. What exactly happened?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪港股</strong><span class=\"h-time small\">2021-05-06 11:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A piece of news from across the Pacific triggered a global shock, with global vaccine stocks plummeting and the four leading vaccine companies in Hong Kong falling by nearly 20%. What happened?</p><p><b>As the global pandemic escalates, the United States supports exempting intellectual property rights for COVID-19 vaccines.</b></p><p>The global pandemic has led to a severe vaccine shortage. On Wednesday local time, the United States announced its support for exempting intellectual property protection for COVID-19 vaccines. U.S. Trade Representative Katherine Tai stated that the United States supports the WTO's proposal to waive intellectual property rights for COVID-19 vaccines, and the Biden administration will actively participate in WTO negotiations on waiver agreements and encourage other countries to participate.</p><p><img src=\"https://static.tigerbbs.com/1109609c7bf1731060ada65943d64702\" tg-width=\"550\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p>Previously, American pharmaceutical companies had engaged in heated internal debates and vigorous counterattacks on this matter. Dai Qi stated that the government's move was to quickly popularize safe and effective vaccines and end the COVID-19 pandemic. She also stated that the U.S. government will continue to strengthen cooperation with the private sector and all potential partners to expand vaccine manufacturing and distribution, and to work to increase the raw materials needed to produce these vaccines.</p><p>This move by the United States could expand the global supply of COVID-19 vaccines and narrow the vaccination gap between rich and poor countries. White House Chief of Staff Ron Klain said on the 2nd that intellectual property is part of the global shortage of COVID-19 vaccines, but the bigger problem lies in the manufacturing industry. He said the White House would reveal more information in the \"coming days\".</p><p>According to Xinhua News Agency, World Health Organization Director-General Tedros Adhanom Ghebreyesus and former British Prime Minister Gordon Brown jointly called on March 3 for a temporary exemption from intellectual property rights for COVID-19 vaccines.</p><p>At an online press conference held that day, Tedros Adhanom Ghebreyesus said that the number of new confirmed COVID-19 cases reported globally in the past two weeks was more than in the first six months of the pandemic combined. India and Brazil reported more than half of the world's new infections last week, and many other countries face very fragile situations.</p><p>Tedros Adhanom Ghebreyesus stated that if most adults were to be vaccinated to achieve herd immunity, the number of vaccines needed would far exceed the current number. In order to increase vaccine production, it is very important to temporarily exempt vaccine intellectual property rights, and this is not a \"charity issue\".</p><p><b>The global pandemic remains high, with a major outbreak in India.</b></p><p>During the May Day holiday, the global COVID-19 pandemic spread rapidly. As of May 6, statistics released by Johns Hopkins University in the United States showed that as of 11:11 p.m. Beijing time on May 5, the number of confirmed cases of COVID-19 worldwide had risen to 154,469,379, including 3,230,336 deaths.</p><p><img src=\"https://static.tigerbbs.com/1d98de1b70c1962668ab7254ee589a7f\" tg-width=\"512\" tg-height=\"170\" referrerpolicy=\"no-referrer\"></p><p>The COVID-19 situation in the United States has improved significantly compared to its peak, but tens of thousands of people are still infected every day. Currently, a total of 32,514,808 confirmed cases of COVID-19 have been reported, and 578,524 patients have died. The epidemic situation in many European countries is fluctuating, and the number of confirmed cases in some countries remains high. As of press time, France has a total of 5,742,792 confirmed cases, the UK has 4,439,494, Italy has 4,059,821, Spain has 3,544,945, and Germany has 3,462,292.</p><p>Among major emerging market countries, India, whose COVID-19 situation has worsened recently, has shown no signs of improvement, with daily new confirmed cases remaining above 300,000, bringing the total number of cases to 20,665,148. Brazil (14,122,795 cases) and Russia (4,682,573 cases) have the most severe epidemics. In the Americas, Colombia (2,701,313 cases), Argentina (2,769,552 cases), and Mexico (2,315,811 cases) had the highest number of confirmed cases.</p><p>Currently, India has become a global hotspot for the pandemic. Data released by the Indian Ministry of Health shows that at 9:00 a.m. on May 4, India became the second country, after the United States, to surpass 20 million cumulative confirmed cases. The latest figures show that as of 6 p.m. on the 5th, the cumulative number of confirmed cases of COVID-19 in India has reached 20.66 million.</p><p>Xinhua News Agency reported that just as people were focusing on the epidemic in India, the epidemic in neighboring Nepal was also deteriorating rapidly. As of 6 p.m. on the 5th, Nepal had accumulated more than 350,000 confirmed cases.</p><p>According to foreign media reports, the healthcare system in this country with a population of less than 30 million is already overwhelmed. Like India, Nepal is experiencing shortages of medical supplies such as hospital beds and oxygen.</p><p>In fact, it's not just India and Nepal; countries in Southeast Asia, from Laos, Cambodia, and Thailand to Bhutan, which borders India, are also facing a new wave of the pandemic.</p><p>Bloomberg's month-on-month COVID-19 statistics show that Laos saw the largest increase, followed by Nepal and Thailand – new cases in April surged about 10 times compared to March.</p><p><b>Hong Kong's four leading vaccine companies plummeted, wiping out over 40 billion yuan.</b></p><p>Affected by the news that the United States will abandon the patent of the COVID-19 vaccine, many US vaccine concept stocks fell.</p><p><img src=\"https://static.tigerbbs.com/1a902ba42db2671f804bfbff23f5c894\" tg-width=\"550\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p><p>In the large-cap vaccine valley of the US stock market, Moderna fell by more than 6%, its market value evaporated by $4.3 billion, equivalent to about 28 billion yuan, and Biotech fell by more than 3%.<a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>It fell slightly by 0.42%.</p><p>News from across the Pacific triggered a major shock in Chinese vaccine stocks. In the A-share market,<a href=\"https://laohu8.com/S/300142\">Watson Bio</a>It plummeted 13%.<a href=\"https://laohu8.com/S/300122\">Zhifei Biological</a>Minova and Fosun Pharma fell by more than 11%, hitting the daily limit down.</p><p><img src=\"https://static.tigerbbs.com/1f21a4c7d6aa9c56d008e3783d1f2c76\" tg-width=\"550\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p>In the Hong Kong stock market, those with a market capitalization of hundreds of billions<a href=\"https://laohu8.com/S/06185\">CanSino Biologics</a>A panic sell-off occurred, with the market capitalization plummeting by more than 20% at one point, affecting hundreds of billions of yuan.<a href=\"https://laohu8.com/S/600196\">Fosun Pharma</a>It fell nearly 19%, with a market capitalization of hundreds of billions.<a href=\"https://laohu8.com/S/01177\">China Biopharmaceutical</a>It fell nearly 4%. As of press time, CanSino Biologics' A-share market capitalization has evaporated by 8.2 billion yuan, and its H-share market capitalization has evaporated by 8.1 billion Hong Kong dollars, for a total loss of 15 billion yuan.<a href=\"https://laohu8.com/S/02196\">Fosun Pharma</a>A-shares lost 12 billion yuan, and Fosun Pharma's H-shares lost 5.8 billion Hong Kong dollars, for a total loss of 16.8 billion yuan. China Biopharmaceuticals evaporated HK$7.2 billion, equivalent to 6 billion yuan. The three leading companies combined lost nearly 40 billion yuan in market value.</p><p><img src=\"https://static.tigerbbs.com/c35962533f9acc546f82749f63898df0\" tg-width=\"550\" tg-height=\"186\" referrerpolicy=\"no-referrer\"></p><p>Some market analysts say that mRNA is not very effective against the mutated novel coronavirus, and now even Biden himself is worried that the virus from India will enter the United States. Some analysts believe that they are now skeptical about the United States' statement of giving up vaccine patents, and will wait until it is realized, and whether any conditions will be attached until it is also realized.</p><p>Yan Zhaojun, a strategist at Zhongtai International, said that the United States' support for exempting COVID-19 vaccine intellectual property rights is based on humanitarian and long-term economic considerations. Currently, there is a shortage of vaccines in emerging markets and underdeveloped countries. The United States' abandonment of vaccine intellectual property rights can allow overseas regions to accelerate vaccine production and accelerate the normalization of global economic activities, but it cannot be ruled out that it will have a negative impact on concept stocks in the short term.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-05-06/doc-ikmxzfmm0792792.shtml\">新浪港股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6e474d690ea02c536f0fd4c03fc3ddef","relate_stocks":{"300122":"智飞生物","300142":"沃森生物","06185":"康希诺生物","01177":"中国生物制药","02196":"复星医药"},"source_url":"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-05-06/doc-ikmxzfmm0792792.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"1125870095","content_text":"太平洋彼岸一则消息引发全球巨震，全球疫苗股狂跌，港股四大疫苗龙头直接狂跌近20%，发生了什么？全球疫情发酵，美国支持豁免新冠疫苗知识产权全球疫情大爆发，疫苗缺口非常紧张，当地时间周三，美国宣布支持豁免新冠疫苗知识产权保护。美国贸易代表戴琪（Katherine Tai）表示，美国支持WTO对新冠疫苗知识产权的豁免建议，拜登政府将积极参加WTO有关豁免协议的谈判，并鼓励其他国家参与进来。此前，美国制药商曾就此事进行了激烈的内部辩论和大力反击。戴琪表示，政府此举是为了尽快普及安全有效的疫苗，结束新冠肺炎疫情。她同时表示，美国政府将继续加强与私营部门和所有可能伙伴的合作，扩大疫苗的制造和分销，以及努力增加生产这些疫苗所需的原材料。美国此举有可能扩大新冠肺炎疫苗的全球供应，缩小富国和穷国之间的疫苗接种差距。美国白宫办公厅主任罗恩·克莱因（Ron Klain）2日曾表示，知识产权是全球新冠肺炎疫苗短缺问题的一部分，但更大的问题在于制造业。他说，白宫将在“未来几天”透露更多消息。据新华社，此前，世界卫生组织总干事谭德塞和英国前首相戈登·布朗于本月3日共同呼吁暂时豁免新冠疫苗知识产权。谭德塞在当天举行的线上记者会上说，过去两周全球报告的新增新冠确诊病例数比疫情开始后的头6个月加起来还要多；上周印度和巴西报告的新增感染病例数占全球半数以上，还有许多国家面临非常脆弱的局势。谭德塞表示，如果要为大多数成年人接种疫苗以实现群体免疫，需要的疫苗将大大超过现有数量；为提高疫苗产量，暂时豁免疫苗知识产权非常重要，而这并不是一个“慈善问题”。全球疫情居高不下，印度疫情大爆发五一小长假期间，全球新冠疫情大幅扩散，截至5月6日，美国约翰斯·霍普金斯大学发布的统计数据显示，截至北京时间5月5日23时11分，全球新冠肺炎确诊病例上升至154,469,379例，其中死亡病例达到3,230,336例。美国疫情形势较高峰期明显好转，但每日仍有数万人感染。目前累计报告32,514,808例新冠肺炎确诊病例，578,524名患者死亡。欧洲多国疫情形势处于波动状态，部分国家确诊人数仍维持高位。截至发稿，法国累计确诊5,742,792例、英国4,439,494例、意大利4,059,821例、西班牙3,544,945例、德国3,462,292例。主要新兴市场国家中，近日疫情恶化的印度未见好转迹象，单日新增确诊病例持续维持在30万例以上，累计病例达20,665,148例。巴西（14,122,795例）、俄罗斯（4,682,573例）疫情较严重。美洲哥伦比亚（2,701,313例）、阿根廷（2,769,552例）、墨西哥（2,315,811例）确诊人数居前。目前，印度成为全球疫情风口。印度卫生部公布的数据显示，5月4日上午9时，印度成为继美国之后，第2个累计确诊病例突破2000万的国家。最新的数字是，截至5日下午6时，印度累计新冠肺炎确诊人数达2066万。新华社发文，就在人们聚焦印度疫情之时，毗邻的尼泊尔疫情也急剧恶化。截至5日下午6时，尼泊尔累计确诊病例超过35万。据外媒报道，这个人口不到3000万的国家，医疗体系已经不堪重负。与印度一样，尼泊尔出现病床、氧气等医疗物资短缺状况。实际上，不单是印度与尼泊尔，从东南亚的老挝、柬埔寨和泰国，到与印度接壤的不丹等国，也都面临新一波疫情。彭博社的疫情环比统计数据显示，老挝增幅位居第一，其次是尼泊尔和泰国——4月新增病例比3月飙升约10倍。港股四大疫苗龙头狂跌，蒸发逾400亿元受美国表态将放弃新冠肺炎疫苗专利这一消息的影响，多支美国疫苗概念股下跌。在美股大市值疫苗谷中，Moderna跌超6%，市值蒸发43亿美元，约合280亿人民币，Biotech跌超3%，强生微跌0.42%。太平洋彼岸消息引发中国疫苗股巨震。在A股市场，沃森生物暴跌13%，智飞生物跌超11%，美诺华、复星医药跌停。在港股市场中，千亿市值的康希诺生物出现恐慌性杀跌，一度暴跌逾20%，千亿市值复星医药跌近19%，千亿市值的中国生物制药跌近4%。截至发稿，康希诺生物A股市值蒸发82亿元，H股蒸发81亿港元，两者合计蒸发150亿元；复星医药A股蒸发120亿元，复星医药H股蒸发58亿港元，两者合计蒸发168亿元；中国生物制药蒸发72亿港元，折合60亿元。三大龙头公司合计蒸发市值近400亿元。有市场分析表示，mRNA对产生变异的新冠病毒的效果不明显，现在连拜登自己都担心印度的病毒传入美国。还有分析人士认为，对于美国放弃疫苗专利的表态，现在表示怀疑，到实现时再看，以及会否再附加条件也得到实现时再看。中泰国际策略分析师颜招骏表示，美国支持豁免新冠疫苗知识产权是基于人道上及长远经济的考虑，目前新兴市场及欠发达国家疫苗短缺，美国放弃疫苗的知识产权可让海外地区加快疫苗生产进度，加快全球经济活动正常化，但不排除短期对概念股构成利空。","news_type":1,"symbols_score_info":{"300122":0.9,"300142":0.9,"06185":0.9,"02196":0.9,"01177":0.9}},"isVote":1,"tweetType":1,"viewCount":1452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}