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IvyKongEF
2021-08-01
yes
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IvyKongEF
2021-07-26
Hi
Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.
IvyKongEF
2021-07-23
Hi
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IvyKongEF
2021-07-22
Hi
The number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.
IvyKongEF
2021-07-21
Hi
To complete self-redemption? The countdown to FF's listing on Nasdaq has begun.
IvyKongEF
2021-07-20
Hi
Luckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.
IvyKongEF
2021-07-19
Hi, can share how to win from here
IvyKongEF
2021-07-12
Smile
Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week
IvyKongEF
2021-07-12
good
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Go to Tiger App to see more news
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20:20","market":"us","language":"zh","title":"Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.","url":"https://stock-news.laohu8.com/highlight/detail?id=1191089457","media":"老虎资讯综合","summary":"7月26日,孩之宝公布了第二季度财务业绩。数据显示,孩之宝Q2净营收为13.222亿美元,上年同期为8.603亿美元,同比增长54%。财报发布后,孩之宝盘前股价涨超4%。\n\n其中,按部门划分,消费品业","content":"<p>On July 26,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>The company announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/5b7502ca0b817d7d67fe9e986a893a54\" tg-width=\"898\" tg-height=\"894\" width=\"100%\" height=\"auto\"></p><p>By segment, the consumer goods business segment's revenue was US$689.2 million, compared to US$519.5 million in the same period of the previous year, representing a year-on-year increase of 33%. Wizard and its video game business unit reported revenue of $406.3 million, compared to $186.7 million in the same period last year, representing a year-over-year increase of 117.6%. The entertainment business segment reported revenue of $226.7 million, compared to $154.1 million in the same period last year, representing a 47% year-over-year increase.</p><p>By brand portfolio, franchise brand revenue was $650 million, compared to $377 million in the same period last year, representing a year-on-year increase of 72%. Partner brand revenue was $212 million, compared to $138.3 million in the same period last year, representing a year-over-year increase of 53%. Hasbro's gaming brand revenue was $147.1 million, compared to $137 million in the same period last year, representing a 7% year-over-year increase. Revenue from emerging brands was $117 million, compared to $75.9 million in the same period last year, representing a year-over-year increase of 54%. Revenue from television, film, and entertainment brands was $196.2 million, compared to $132.2 million in the same period last year, representing a year-over-year increase of 48%.</p><p>The company reported a net loss of $21.9 million in Q2, compared to $32.9 million in the same period last year, a 33.43% decrease year-over-year. Basic and diluted losses per share were $0.17, compared to $0.25 per share in the same period last year.</p><p>Q2 EBITDA was $159.5 million, compared to $73.5 million in the same period last year, representing a year-on-year increase of 117%. Adjusted EBITDA was $289.6 million, compared to $110.8 million in the same period last year, representing a year-on-year increase of 161.4%.</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>Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.</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\">\nHasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.\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\">2021-07-26 20:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 26,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>The company announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/5b7502ca0b817d7d67fe9e986a893a54\" tg-width=\"898\" tg-height=\"894\" width=\"100%\" height=\"auto\"></p><p>By segment, the consumer goods business segment's revenue was US$689.2 million, compared to US$519.5 million in the same period of the previous year, representing a year-on-year increase of 33%. Wizard and its video game business unit reported revenue of $406.3 million, compared to $186.7 million in the same period last year, representing a year-over-year increase of 117.6%. The entertainment business segment reported revenue of $226.7 million, compared to $154.1 million in the same period last year, representing a 47% year-over-year increase.</p><p>By brand portfolio, franchise brand revenue was $650 million, compared to $377 million in the same period last year, representing a year-on-year increase of 72%. Partner brand revenue was $212 million, compared to $138.3 million in the same period last year, representing a year-over-year increase of 53%. Hasbro's gaming brand revenue was $147.1 million, compared to $137 million in the same period last year, representing a 7% year-over-year increase. Revenue from emerging brands was $117 million, compared to $75.9 million in the same period last year, representing a year-over-year increase of 54%. Revenue from television, film, and entertainment brands was $196.2 million, compared to $132.2 million in the same period last year, representing a year-over-year increase of 48%.</p><p>The company reported a net loss of $21.9 million in Q2, compared to $32.9 million in the same period last year, a 33.43% decrease year-over-year. Basic and diluted losses per share were $0.17, compared to $0.25 per share in the same period last year.</p><p>Q2 EBITDA was $159.5 million, compared to $73.5 million in the same period last year, representing a year-on-year increase of 117%. Adjusted EBITDA was $289.6 million, compared to $110.8 million in the same period last year, representing a year-on-year increase of 161.4%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"HAS":"孩之宝"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191089457","content_text":"7月26日,孩之宝公布了第二季度财务业绩。数据显示,孩之宝Q2净营收为13.222亿美元,上年同期为8.603亿美元,同比增长54%。财报发布后,孩之宝盘前股价涨超4%。\n\n其中,按部门划分,消费品业务部门营收为6.892亿美元,上年同期为5.195亿美元,同比增长33%。威世智与电子游戏业务部门营收为4.063亿美元,上年同期为1.867亿美元,同比增长117.6%。娱乐业务部门营收为2.267亿美元,上年同期为1.541亿美元,同比增长47%。\n其中,按品牌组合划分,特许经营品牌营收为6.5亿美元,上年同期为3.77亿美元,同比增长72%。夥伴品牌营收为2.12亿美元,上年同期为1.383亿美元,同比增长53%。孩之宝游戏品牌营收为1.471亿美元,上年同期为1.37亿美元,同比增长7%。新兴品牌营收为1.17亿美元,上年同期为7590万美元,同比增长54%。电视、电影、娱乐品牌营收为1.962亿美元,上年同期为1.322亿美元,同比增长48%。\nQ2净亏损为2190万美元,上年同期为3290万美元,同比收窄33.43%。基本和摊薄后每股亏损为0.17美元,上年同期每股亏损为0.25美元。\nQ2 EBITDA为1.595亿美元,上年同期为7350万美元,同比增长117%。调整后EBITDA为2.896亿美元,上年同期为1.108亿美元,同比增长161.4%。","news_type":1,"symbols_score_info":{"HAS":0.9}},"isVote":1,"tweetType":1,"viewCount":4488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175552437,"gmtCreate":1627043766629,"gmtModify":1703483086711,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175552437","repostId":"1159098067","repostType":4,"isVote":1,"tweetType":1,"viewCount":4377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172697140,"gmtCreate":1626957425180,"gmtModify":1703481299645,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/172697140","repostId":"1164585959","repostType":4,"repost":{"id":"1164585959","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":1626957042,"share":"https://ttm.financial/m/news/1164585959?lang=en_US&edition=fundamental","pubTime":"2021-07-22 20:30","market":"us","language":"zh","title":"The number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.","url":"https://stock-news.laohu8.com/highlight/detail?id=1164585959","media":"老虎资讯综合","summary":"美国7月17日当周首次申请失业救济人数 41.9万人,预期 35万人,前值 36万人。美国上周首申人数意外增加凸显出美国劳动力市场的动荡局面。而新冠疫情变种病毒的迅速传播可能在未来几个月会加大美国就业","content":"<p>The number of initial jobless claims in the United States for the week ending July 17 was 419,000, compared with the expected 350,000 and the previous figure of 360,000. The unexpected increase in the number of first-time applicants in the United States last week highlights the volatile situation in the U.S. labor market. The rapid spread of the COVID-19 variant may increase volatility in U.S. employment data in the coming months.<img src=\"https://static.tigerbbs.com/c17bceb8c80ee60dba08a7b09e2da048\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of people continuing to apply for unemployment benefits reached 3.236 million, compared to the forecast value of 3.1 million.</p><p><img src=\"https://static.tigerbbs.com/ee682fe518d38eb2c798658ec6a9fe81\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of initial jobless claims in the United States unexpectedly rose last week, but this may not mean a substantial shift in the job market. The increase in the number of applicants may reflect that it is difficult for seasonal fluctuations to remain stable after the turmoil caused by the pandemic. \"Seasonal adjustments are trying to offset this impact,\" said Lou Crandall, chief analyst at Wrightson ICAP. \"But it's unclear whether seasonal dynamics will follow normal patterns.\" Despite the surge in infections, economists do not expect large-scale business closures. However, the latest wave of infections poses risks to the economy. \"We can accept the current level of infection nationwide,\" said Brad McMillan, chief investment officer of Commonwealth Financial Network. \"This infection is unlikely to lead to economically destructive policy changes.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-22 20:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The number of initial jobless claims in the United States for the week ending July 17 was 419,000, compared with the expected 350,000 and the previous figure of 360,000. The unexpected increase in the number of first-time applicants in the United States last week highlights the volatile situation in the U.S. labor market. The rapid spread of the COVID-19 variant may increase volatility in U.S. employment data in the coming months.<img src=\"https://static.tigerbbs.com/c17bceb8c80ee60dba08a7b09e2da048\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of people continuing to apply for unemployment benefits reached 3.236 million, compared to the forecast value of 3.1 million.</p><p><img src=\"https://static.tigerbbs.com/ee682fe518d38eb2c798658ec6a9fe81\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of initial jobless claims in the United States unexpectedly rose last week, but this may not mean a substantial shift in the job market. The increase in the number of applicants may reflect that it is difficult for seasonal fluctuations to remain stable after the turmoil caused by the pandemic. \"Seasonal adjustments are trying to offset this impact,\" said Lou Crandall, chief analyst at Wrightson ICAP. \"But it's unclear whether seasonal dynamics will follow normal patterns.\" Despite the surge in infections, economists do not expect large-scale business closures. However, the latest wave of infections poses risks to the economy. \"We can accept the current level of infection nationwide,\" said Brad McMillan, chief investment officer of Commonwealth Financial Network. \"This infection is unlikely to lead to economically destructive policy changes.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/41f81b99b97a59da55dd70fd1af475cb","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164585959","content_text":"美国7月17日当周首次申请失业救济人数 41.9万人,预期 35万人,前值 36万人。美国上周首申人数意外增加凸显出美国劳动力市场的动荡局面。而新冠疫情变种病毒的迅速传播可能在未来几个月会加大美国就业数据的波动。续请失业救济人数323.6万人,预测值310万人。\n美国上周初请失业金人数意外上升,但这可能并不意味着就业市场出现实质性转变。此次申领人数上升可能反映出,在疫情动荡之后,季节性波动数据很难保持平缓。Wrightson ICAP首席分析师Lou Crandall称,\"季节性调整因素试图弥补这一影响。\"“但目前还不清楚季节动态是否会遵循正常的规律。”尽管感染人数激增,但经济学家预计不会出现大规模企业倒闭。不过,最新一波感染给经济带来了风险。\"我们可以接受目前全国范围内的感染水平,\" Commonwealth Financial Network首席投资官Brad McMillan表示,“这次感染不太可能导致具有经济破坏性的政策变化。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176190579,"gmtCreate":1626869238691,"gmtModify":1703479567943,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176190579","repostId":"2153643577","repostType":4,"repost":{"id":"2153643577","kind":"highlight","pubTimestamp":1626868937,"share":"https://ttm.financial/m/news/2153643577?lang=en_US&edition=fundamental","pubTime":"2021-07-21 20:02","market":"us","language":"zh","title":"To complete self-redemption? The countdown to FF's listing on Nasdaq has begun.","url":"https://stock-news.laohu8.com/highlight/detail?id=2153643577","media":"华尔街见闻","summary":"7月20日美国公司Property Solutions Acquisition Corp.在纽约宣布了其股东在2021年7月20日举行的特别会议上审议和投票的10项提案的结果。投票报告显示,之前宣布的","content":"<p>July 20, U.S. companies<a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition Corp</a>In New York, the company announced the results of 10 proposals considered and voted on by its shareholders at a special meeting held on July 20, 2021. The voting report shows that all previously announced proposals related to the proposed merger between PSAC and Faraday Future (FF) were supported by PSAC shareholders at the special meeting.</p><p>This means that Faraday Future (FF) is able to<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>Corp. (PSAC) completed its merger and listed on Nasdaq, with the trading symbol changed to FFIE. The transaction is expected to provide FF with approximately $1 billion in funding. In other words, with the completion of FF's shell company IPO, FF will become the third listed company in which Jia Yueting has participated. After five years of silence, it seems that Jia Yueting is about to \"rise from the ashes\". And it's actually tomorrow?</p><p><img src=\"https://static.tigerbbs.com/1c660c1b32b3140ac082a841807606ff\" tg-width=\"624\" tg-height=\"544\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As FF has completed 11 rounds of financing, after this merger, FF will hold 50.3% of the shares of the new company FFIE, and will still have a relative controlling stake. If there is a concerted action relationship with the supplier's equity in the debt-to-equity swap, then the shareholding ratio is 67.5%, which is absolute control. Conversely, looking at FF's own equity structure, FF currently controls the company's management and employees (more than 50% of the shares), while Evergrande holds 32% of the shares.<img src=\"https://static.tigerbbs.com/09f804de6612c2cd6a1ee4ed708de0e2\" tg-width=\"693\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to many companies' PowerPoint presentations on car manufacturing, the soon-to-be-launched FF has shown real skill, releasing a message on its official social media channels themed \"Three Major Product Transformations\": All-Round Vehicles and Supercars.<a href=\"https://laohu8.com/S/300024\">Robot</a>A promotional poster for a smart mobility ecosystem that breaks down boundaries. Meanwhile, FF's first mass-produced new car, the FF91, will be unveiled and test driven at an investor meeting on September 21 this year, and will be launched in the first half of 2022. To date, its first flagship model, the FF 91, has received more than 14,000 orders with a pre-order fee of only 50,000 RMB, which is fully refundable.</p><p><img src=\"https://static.tigerbbs.com/20b05e77ebdae8e2169d606c38e9f372\" tg-width=\"693\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Wall Street Insights Institute believes that the launch of FF's new car is a bit late. In fact, as a company founded as early as 2014, FF, founded by Jia Yueting in California, USA, can be considered a prime example of today's emerging car manufacturers.<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng, Li Auto, and others were among the first in the industry to propose the \"four modernizations\" strategy of electrification, intelligentization, internetization, and sharing, believing that electric vehicles are the mainstream of the future. If mass production could have been achieved back then, it would very likely have become the next...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p>However, the competitive landscape and situation are vastly different today. Major automakers and even technology companies are now accelerating the development of new energy vehicles, which presents both opportunities and challenges for FF, a new entrant.</p><p>1) In terms of sales volume, electric vehicles have now been recognized by the market. Compared with the caution of consumers and the market towards electric vehicles and the sluggish sales in 2014, sales in the first half of this year alone have almost caught up with the whole of last year, and the penetration rate has exceeded 10%. The annual sales target has been rising again and again, and now it has reached 2.4 million vehicles. Whether it's emerging car manufacturers or traditional automakers, electric vehicle sales are repeatedly setting new records.</p><p>2) From the perspective of the transformation of traditional automakers, major traditional automakers are all seeking to transform towards electric vehicles.<a href=\"https://laohu8.com/S/002594\">BYD</a>Sales of gasoline-powered and electric vehicles have shown significant polarization. While gasoline-powered vehicles have fallen to less than 10,000 units, electric vehicles have surpassed 40,000 units for the first time, accounting for 80% of the brand's total sales.<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>Furthermore, its 2025 strategy clearly states that new energy vehicles are...<a href=\"https://laohu8.com/S/02333\">Great Wall Motors</a>In the future, the company aims to achieve global annual sales of 4 million vehicles by 2025, 80% of which will be new energy vehicles.</p><p>3) In terms of model, FF's first flagship model, the FF91, is equipped with a 130kWh battery pack. Under NEDC test standards, the FF 91's maximum range can reach 700km. However, with new models such as the Zhiji, Jike 001, and Jihu Alfa S being released frequently, it is still debatable whether FF, a model launched four years ago, can stand out from the crowd.</p><p>4) Finally, regarding the entry barriers, although electric vehicle manufacturing does indeed have considerable technical barriers, competitors are no longer limited to traditional automakers and some emerging players; there are also influential and powerful technology companies such as 360 and Xiaomi.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>With other companies also starting to enter the new energy vehicle market, the competitive pressure will undoubtedly increase.</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>To complete self-redemption? The countdown to FF's listing on Nasdaq has begun.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTo complete self-redemption? The countdown to FF's listing on Nasdaq has begun.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-21 20:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>July 20, U.S. companies<a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition Corp</a>In New York, the company announced the results of 10 proposals considered and voted on by its shareholders at a special meeting held on July 20, 2021. The voting report shows that all previously announced proposals related to the proposed merger between PSAC and Faraday Future (FF) were supported by PSAC shareholders at the special meeting.</p><p>This means that Faraday Future (FF) is able to<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>Corp. (PSAC) completed its merger and listed on Nasdaq, with the trading symbol changed to FFIE. The transaction is expected to provide FF with approximately $1 billion in funding. In other words, with the completion of FF's shell company IPO, FF will become the third listed company in which Jia Yueting has participated. After five years of silence, it seems that Jia Yueting is about to \"rise from the ashes\". And it's actually tomorrow?</p><p><img src=\"https://static.tigerbbs.com/1c660c1b32b3140ac082a841807606ff\" tg-width=\"624\" tg-height=\"544\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As FF has completed 11 rounds of financing, after this merger, FF will hold 50.3% of the shares of the new company FFIE, and will still have a relative controlling stake. If there is a concerted action relationship with the supplier's equity in the debt-to-equity swap, then the shareholding ratio is 67.5%, which is absolute control. Conversely, looking at FF's own equity structure, FF currently controls the company's management and employees (more than 50% of the shares), while Evergrande holds 32% of the shares.<img src=\"https://static.tigerbbs.com/09f804de6612c2cd6a1ee4ed708de0e2\" tg-width=\"693\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to many companies' PowerPoint presentations on car manufacturing, the soon-to-be-launched FF has shown real skill, releasing a message on its official social media channels themed \"Three Major Product Transformations\": All-Round Vehicles and Supercars.<a href=\"https://laohu8.com/S/300024\">Robot</a>A promotional poster for a smart mobility ecosystem that breaks down boundaries. Meanwhile, FF's first mass-produced new car, the FF91, will be unveiled and test driven at an investor meeting on September 21 this year, and will be launched in the first half of 2022. To date, its first flagship model, the FF 91, has received more than 14,000 orders with a pre-order fee of only 50,000 RMB, which is fully refundable.</p><p><img src=\"https://static.tigerbbs.com/20b05e77ebdae8e2169d606c38e9f372\" tg-width=\"693\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Wall Street Insights Institute believes that the launch of FF's new car is a bit late. In fact, as a company founded as early as 2014, FF, founded by Jia Yueting in California, USA, can be considered a prime example of today's emerging car manufacturers.<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng, Li Auto, and others were among the first in the industry to propose the \"four modernizations\" strategy of electrification, intelligentization, internetization, and sharing, believing that electric vehicles are the mainstream of the future. If mass production could have been achieved back then, it would very likely have become the next...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p>However, the competitive landscape and situation are vastly different today. Major automakers and even technology companies are now accelerating the development of new energy vehicles, which presents both opportunities and challenges for FF, a new entrant.</p><p>1) In terms of sales volume, electric vehicles have now been recognized by the market. Compared with the caution of consumers and the market towards electric vehicles and the sluggish sales in 2014, sales in the first half of this year alone have almost caught up with the whole of last year, and the penetration rate has exceeded 10%. The annual sales target has been rising again and again, and now it has reached 2.4 million vehicles. Whether it's emerging car manufacturers or traditional automakers, electric vehicle sales are repeatedly setting new records.</p><p>2) From the perspective of the transformation of traditional automakers, major traditional automakers are all seeking to transform towards electric vehicles.<a href=\"https://laohu8.com/S/002594\">BYD</a>Sales of gasoline-powered and electric vehicles have shown significant polarization. While gasoline-powered vehicles have fallen to less than 10,000 units, electric vehicles have surpassed 40,000 units for the first time, accounting for 80% of the brand's total sales.<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>Furthermore, its 2025 strategy clearly states that new energy vehicles are...<a href=\"https://laohu8.com/S/02333\">Great Wall Motors</a>In the future, the company aims to achieve global annual sales of 4 million vehicles by 2025, 80% of which will be new energy vehicles.</p><p>3) In terms of model, FF's first flagship model, the FF91, is equipped with a 130kWh battery pack. Under NEDC test standards, the FF 91's maximum range can reach 700km. However, with new models such as the Zhiji, Jike 001, and Jihu Alfa S being released frequently, it is still debatable whether FF, a model launched four years ago, can stand out from the crowd.</p><p>4) Finally, regarding the entry barriers, although electric vehicle manufacturing does indeed have considerable technical barriers, competitors are no longer limited to traditional automakers and some emerging players; there are also influential and powerful technology companies such as 360 and Xiaomi.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>With other companies also starting to enter the new energy vehicle market, the competitive pressure will undoubtedly increase.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3635994\">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/1c660c1b32b3140ac082a841807606ff","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3635994","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153643577","content_text":"7月20日美国公司Property Solutions Acquisition Corp.在纽约宣布了其股东在2021年7月20日举行的特别会议上审议和投票的10项提案的结果。投票报告显示,之前宣布的PSAC和Faraday Future(FF)之间的拟议合并交易有关的全部提案都在特别会议上得到了PSAC股东的支持。\n这意味着Faraday Future(FF)能够和Property Solutions Acquisition Corp.(PSAC)完成合并,并在纳斯达克上进行上市交易,交易代码也随之变更为FFIE,预计此次交易将为FF提供约10亿美元资金。换句话而言,随着FF造壳上市的完成,FF将成为贾跃亭参与的第三家上市公司,沉寂5年以后贾跃亭貌似要“涅槃重生”呢?而且时间居然就在明天?\n\n作为已经完成11轮融资的FF,这波合并之后,FF公司将占新公司FFIE的50.3%的股份,还是处于相对控股;如果和供应商债转股的股权形成一致行动关系,则占股比例为67.5%,那就是绝对控股。而反过来看FF本身年的股权结构,目前FF控股的是公司管理层及员工(50%+的股权占比),另外恒大占据32%的股权。\n相比不少公司的PPT造车,即将上市的FF还是拿出了真本事,在FF的官方社交渠道上已经发布了主题为“3大产品变革”:全能车、超级汽车机器人、打破边界的智能出行生态系统的宣传海报。同时FF的首款量产版新车FF91也将在今年9月21日的投资者见面会上亮相、试驾,并于2022年上半年上市。截止目前,在只需要支付5万元人民币、且全额可退的预定条件下,其首款旗舰车型FF 91已获得超过1.4万辆订单。\n\n华尔街见闻·见智研究所认为FF新车的上市在目前来看稍显晚了点,其实作为早在2014年就创立的公司,贾跃亭在美国加州创立的FF可以说比如今的造车新势力蔚来、小鹏、理想等都要早,并在业内率先提出了电动化、智能化、互联网化和共享化的“四化”战略,觉得电动车才是未来主流。如果能在当初就有量产那将极有可能成为下一个特斯拉。\n但是如今的竞争格局和局势已经大不相同,现在各大车企甚至科技公司都在加紧开发新能源汽车,对于FF这个新入局者是机遇但更多的是挑战:\n1)从销量上看如今的电动车已经受到了市场的认可,相比2014年消费者和市场对电动车的谨慎和销量的低迷,今年仅上半年销量就几乎追平去年全年,渗透率更是突破10%,全年销量目标一涨再涨如今达到240万辆;不管是造车新势力还是传统车企的电动车的销量都在屡屡创下新高。\n2)从传统车企转型来看,各大传统车企都在谋求向电动车的转型,比亚迪燃油车和电动车销量出现严重两极分化,在燃油车下跌到不足万辆时电动车却首次突破4万大关,占据品牌总销量的80%,长城汽车更是在其2025战略中明确表示新能源汽车是长城汽车的未来,2025年实现全球年销量400万辆,其中80%为新能源汽车。\n3)从车款来看,FF首款旗舰车型FF91配备了130kWh电池容量的动力电池组,在NEDC的测试标准下,FF 91的最大续航里程可达到700km。但在如今智己、极氪001、极狐阿尔法S 等新款频出的局面下,FF这个四年前推出的车型能否从中推应而出还是值得商榷。\n4)最后从入局门槛来看,虽然电动车制造的确有不低的技术门槛,但是竞争对手也不再仅仅是传统车企和部分新势力,还有颇具影响力和实力的科技公司像360、小米、苹果等也都开始入局新能源汽车,竞争压力毫无疑问将会变得更大。","news_type":1,"symbols_score_info":{"FFIE":0.9,"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":4706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171564407,"gmtCreate":1626751163809,"gmtModify":1703764498214,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171564407","repostId":"1145131753","repostType":4,"repost":{"id":"1145131753","kind":"news","pubTimestamp":1626750589,"share":"https://ttm.financial/m/news/1145131753?lang=en_US&edition=fundamental","pubTime":"2021-07-20 11:09","market":"us","language":"zh","title":"Luckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.","url":"https://stock-news.laohu8.com/highlight/detail?id=1145131753","media":"大摩财经","summary":"与陆正耀反目的昔日盟友大钲资本已实际掌控瑞幸咖啡。","content":"<p>A year ago, Luckin Coffee was delisted in a sorry state amid a financial fraud scandal, becoming a disgrace to Chinese concept stocks.</p><p>This chain coffee shop brand, founded by Fujian businessman Lu Zhengyao and his \"Shenzhou Group\" team, took only 17 months from opening its first store to going public, and only 13 months from going public to delisting. It raised nearly $1.6 billion in funding after its IPO and listing, with a peak market capitalization of $12 billion, creating the \"Luckin Coffee Myth\". However, the \"myth\" built up by fraudulent transactions was soon shattered. When Luckin Coffee was delisted, its market capitalization was only $350 million, which led to the collapse of Lu Zhengyao's \"Shenzhou Group\"—including CAR Inc., UCAR Inc., and Borgward Auto.</p><p>But just after being almost forgotten by the capital market, Luckin Coffee has rebounded dramatically in the US pink sheet market over the past year. Starting from a low of $0.95 when it was delisted and entered the pink sheet market in July 2020, Luckin Coffee rose to a high of $15.65 last week, a cumulative increase of 15 times. Since the official release of the 2019 financial report on June 30, the highest increase in half a month has been nearly 70%. As of July 16, Luckin Coffee closed at $12.88, with a market capitalization of $3.722 billion, ten times its delisted market capitalization.</p><p><img src=\"https://static.tigerbbs.com/b4e271afaef9c3d48728fe0003b1a982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley Finance noted that Lu Zhengyao and his entourage were purged from Luckin Coffee after the financial fraud scandal broke out. Centurium Capital, a former ally who had turned against Lu Zhengyao, now effectively controls Luckin Coffee and has become a key force and the biggest beneficiary of Luckin Coffee's desperate restructuring.</p><p><b>Reorganization of Luckin Coffee</b></p><p>Luckin Coffee went public on Nasdaq in May 2019. In early 2020, it was shorted by an anonymous report released by Muddy Waters. In April of that year, it was exposed for financial fraud, which triggered a series of subsequent turmoil. On June 30, 2020, Luckin Coffee was delisted and transferred to the US stock pink sheet market.</p><p>In July of that year, China's Ministry of Finance investigated and disclosed that from April 2019 to the end of 2019, Luckin Coffee inflated its transaction volume by 2.246 billion yuan, its revenue by 2.119 billion yuan, and its profit by 908 million yuan by fabricating commodity vouchers. This also means that Luckin Coffee's performance myth is largely fictional.</p><p>Bearing the notoriety of delisting due to financial fraud, Luckin Coffee was universally hated and plunged into trouble. It was not only embroiled in class-action lawsuits by investors and SEC investigations in the United States, but also experienced internal governance disputes between Lu Zhengyao's faction and other shareholders such as Centurium Capital. At the same time, Luckin Coffee's delisting also triggered a default clause, leading to a lawsuit filed by creditors in the Cayman Islands court demanding bankruptcy liquidation of Luckin Coffee. The court appointed a provisional liquidator for \"low-level intervention\".</p><p>The turning point was Lu Zhengyao's exit from Luckin Coffee.</p><p>In July of last year, the Luckin Coffee stake controlled by the Lu Zhengyao family through entities such as Haode was ordered by the British Virgin Islands court to be placed under trusteeship and liquidation by KPMG due to a sharp drop in stock price and default on pledged loans. The family lost all their shares and subsequently lost the board battle. In September 2020, the reorganized board of directors of Luckin Coffee, driven by shareholders such as Centurium Capital, completely bid farewell to the Lu Zhengyao era, and professional managers such as Guo Jinyi took over. Although Lu Zhengyao and his faction caused a stir in early 2021 by reporting Guo Jinyi, it did not have any impact.</p><p>However, Luckin Coffee's mess still needs to be cleaned up. Fortunately, at the end of 2020, Luckin Coffee reached a settlement agreement with the SEC for a $180 million fine, eliminating U.S. regulatory risks. Meanwhile, the provisional liquidator appointed by Luckin Coffee filed its first notice with the Grand Court of the Cayman Islands in December 2020, stating that Luckin Coffee still had more than $700 million in cash on hand, sufficient to repay its debts, and that Luckin Coffee's business was still operating normally. In fact, it achieved overall store profitability for the first time in August of that year, indicating that Luckin Coffee's situation was not bad.</p><p>Next, Luckin Coffee accelerated its debt and capital restructuring this year. In February 2021, Luckin Coffee declared bankruptcy in New York as a procedural step in debt restructuring. In March 2021, Luckin Coffee announced that it had reached a restructuring agreement (RSA) with its major bondholders, which included raising US$250 million and reducing the registered capital of its domestic entity to fulfill the restructuring debt.</p><p>It is worth mentioning that in April 2020, after the financial fraud scandal broke out, Luckin Coffee surged its registered capital from US$1.55 billion to US$2.05 billion. In May of this year, Luckin Coffee completed a $250 million capital reduction for debt restructuring.</p><p>But there is another key question: who will continue to invest in Luckin Coffee after the financial scandal? As it turned out, it was Centurium Capital and Joy Capital, long-time friends and major investors in Luckin Coffee, who ultimately made the move.</p><p><b>Winner Li Hui</b></p><p>Li Hui and Liu Erhai were once staunch supporters of Lu Zhengyao. When they worked at Warburg Pincus and Lenovo Holdings respectively, they jointly invested in Shenzhou-affiliated companies such as Car Rental and UCAR. After founding Centurium Capital and Joy Capital respectively, they jointly invested in Luckin Coffee.</p><p>Li Hui's Centurium Capital is Luckin Coffee's largest institutional investor. Shortly after its founding, Centurium Capital raised its first US dollar fund in 2018 (with a total size of US$2 billion). Its first investment project was Luckin Coffee, with a total investment of nearly US$180 million. When Luckin Coffee went public, Centurium Capital held more than 14% of the shares, making it the third largest shareholder after Lu Zhengyao and Qian Zhiya.</p><p>In January 2020, at the peak of its stock price, Luckin Coffee raised another $900 million through the issuance of new shares and convertible bonds. At the same time, Centurium Capital reduced its holdings at a high price of $42 per ADS, cashing out $230 million, achieving a significant profit. Compared to Joyful Capital, which insisted on \"not selling a single share,\" Li Hui's Centurium Capital perfectly cashed out its investment in Luckin Coffee, demonstrating the high level of a shrewd investor.</p><p>After the Luckin Coffee financial scandal broke out, Li Hui quickly and publicly broke with Lu Zhengyao, engaging in a contest with the latter over board seats and corporate governance rights. After Lu Zhengyao's shares were liquidated, he became the biggest influential figure in Luckin Coffee.</p><p>According to the equity structure disclosed by Luckin Coffee, as of May 31, 2021, Luckin Coffee's total share capital was 1.88 billion Class A shares and 144 million Class B shares. Centurium Capital held all 144 million Class B shares, or 7.15% of Luckin Coffee's equity. Since Class B shares have super voting rights, Centurium Capital holds 43.50% of Luckin Coffee's voting rights. Joy Capital holds 5.30% of the shares and 3.22% of the voting rights.</p><p>However, Centurium Capital further increased its stake in Luckin Coffee through a new round of financing.</p><p>In April 2021, Luckin Coffee announced that it had reached a new round of financing agreement totaling US$250 million with its shareholders, Centurium Capital and Joy Capital. According to the investment agreement, Centurium Capital subscribed for $240 million in senior convertible preferred shares, and Joy Capital subscribed for $10 million at a subscription price of $6.50 per ADS (equivalent to 8 shares). If Luckin Coffee's debt restructuring plan is completed, the two parties can invest an additional US$150 million year-on-year.</p><p>The latest data shows that Luckin Coffee has a total share capital of 289 million shares. Based on this, it is estimated that Centurium Capital's $240 million in convertible preferred shares have recently been fully converted. This also means that Centurium Capital's stake in Luckin Coffee has increased to 17.2%, and its voting rights have increased to 45.2%.</p><p>It is worth mentioning that when Centurium Capital invested $6.50 per ADS to subscribe for convertible preferred shares in April, the share price of Luckin Coffee powder was about $9-10 per ADS. Centurium Capital was essentially buying at a significant discount, and it has doubled in size in just three months, making another huge profit.</p><p>Li Hui's reduction and increase in holdings in Luckin Coffee were meticulously timed.</p><p><b>Does Luckin Coffee still have a</b></p><p>It is worth noting that since the beginning of this year, the coffee chain business has once again attracted the attention of capital. Manner Coffee announced the completion of a new round of financing in June, with a valuation of nearly $3 billion. However, Manner currently only has more than 130 stores, compared to Luckin Coffee, which started as early as 2018, which had 4,500 stores by the end of 2019.</p><p>Luckin Coffee just reissued its 2019 financial report on June 30 this year and stated that it will release its 2020 financial report as soon as possible. According to Luckin Coffee's audited 2019 financial report, revenue in 2018 and 2019 was RMB 840 million and RMB 3.025 billion, respectively, while net losses in the same period were RMB 1.619 billion and RMB 3.16 billion, respectively.</p><p>A report by Luckin Coffee's temporary liquidators at the end of last year revealed that Luckin Coffee achieved overall store profitability for the first time in August 2020, with more than 60% of its stores achieving store profitability in November 2020. In the first three quarters of 2020, Luckin Coffee achieved revenue of 2.69 billion yuan, a year-on-year increase of 34.5%. Some organizations predict that Luckin Coffee's revenue in 2020 will be between 3.8 billion and 4.2 billion yuan, potentially reaching a minimum annual growth rate of 26%.</p><p>According to the latest data disclosed by Luckin Coffee, as of the end of June this year, it had more than 5,200 stores in China, including about 4,000 directly operated stores and more than 1,000 partner stores. Luckin Coffee previously disclosed that its strategic focus has shifted from rapid expansion to targeted expansion, with plans to open 4,800 to 6,900 directly operated stores by 2023.</p><p>After completing its debt and capital restructuring, Luckin Coffee is attempting to re-establish its connections with the capital market. However, whether this chain coffee shop, which has experienced financial scandals, can completely turn things around remains to be seen by the market.</p>","source":"lsy1568072423709","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>Luckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.</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\">\nLuckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">大摩财经</strong><span class=\"h-time small\">2021-07-20 11:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A year ago, Luckin Coffee was delisted in a sorry state amid a financial fraud scandal, becoming a disgrace to Chinese concept stocks.</p><p>This chain coffee shop brand, founded by Fujian businessman Lu Zhengyao and his \"Shenzhou Group\" team, took only 17 months from opening its first store to going public, and only 13 months from going public to delisting. It raised nearly $1.6 billion in funding after its IPO and listing, with a peak market capitalization of $12 billion, creating the \"Luckin Coffee Myth\". However, the \"myth\" built up by fraudulent transactions was soon shattered. When Luckin Coffee was delisted, its market capitalization was only $350 million, which led to the collapse of Lu Zhengyao's \"Shenzhou Group\"—including CAR Inc., UCAR Inc., and Borgward Auto.</p><p>But just after being almost forgotten by the capital market, Luckin Coffee has rebounded dramatically in the US pink sheet market over the past year. Starting from a low of $0.95 when it was delisted and entered the pink sheet market in July 2020, Luckin Coffee rose to a high of $15.65 last week, a cumulative increase of 15 times. Since the official release of the 2019 financial report on June 30, the highest increase in half a month has been nearly 70%. As of July 16, Luckin Coffee closed at $12.88, with a market capitalization of $3.722 billion, ten times its delisted market capitalization.</p><p><img src=\"https://static.tigerbbs.com/b4e271afaef9c3d48728fe0003b1a982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley Finance noted that Lu Zhengyao and his entourage were purged from Luckin Coffee after the financial fraud scandal broke out. Centurium Capital, a former ally who had turned against Lu Zhengyao, now effectively controls Luckin Coffee and has become a key force and the biggest beneficiary of Luckin Coffee's desperate restructuring.</p><p><b>Reorganization of Luckin Coffee</b></p><p>Luckin Coffee went public on Nasdaq in May 2019. In early 2020, it was shorted by an anonymous report released by Muddy Waters. In April of that year, it was exposed for financial fraud, which triggered a series of subsequent turmoil. On June 30, 2020, Luckin Coffee was delisted and transferred to the US stock pink sheet market.</p><p>In July of that year, China's Ministry of Finance investigated and disclosed that from April 2019 to the end of 2019, Luckin Coffee inflated its transaction volume by 2.246 billion yuan, its revenue by 2.119 billion yuan, and its profit by 908 million yuan by fabricating commodity vouchers. This also means that Luckin Coffee's performance myth is largely fictional.</p><p>Bearing the notoriety of delisting due to financial fraud, Luckin Coffee was universally hated and plunged into trouble. It was not only embroiled in class-action lawsuits by investors and SEC investigations in the United States, but also experienced internal governance disputes between Lu Zhengyao's faction and other shareholders such as Centurium Capital. At the same time, Luckin Coffee's delisting also triggered a default clause, leading to a lawsuit filed by creditors in the Cayman Islands court demanding bankruptcy liquidation of Luckin Coffee. The court appointed a provisional liquidator for \"low-level intervention\".</p><p>The turning point was Lu Zhengyao's exit from Luckin Coffee.</p><p>In July of last year, the Luckin Coffee stake controlled by the Lu Zhengyao family through entities such as Haode was ordered by the British Virgin Islands court to be placed under trusteeship and liquidation by KPMG due to a sharp drop in stock price and default on pledged loans. The family lost all their shares and subsequently lost the board battle. In September 2020, the reorganized board of directors of Luckin Coffee, driven by shareholders such as Centurium Capital, completely bid farewell to the Lu Zhengyao era, and professional managers such as Guo Jinyi took over. Although Lu Zhengyao and his faction caused a stir in early 2021 by reporting Guo Jinyi, it did not have any impact.</p><p>However, Luckin Coffee's mess still needs to be cleaned up. Fortunately, at the end of 2020, Luckin Coffee reached a settlement agreement with the SEC for a $180 million fine, eliminating U.S. regulatory risks. Meanwhile, the provisional liquidator appointed by Luckin Coffee filed its first notice with the Grand Court of the Cayman Islands in December 2020, stating that Luckin Coffee still had more than $700 million in cash on hand, sufficient to repay its debts, and that Luckin Coffee's business was still operating normally. In fact, it achieved overall store profitability for the first time in August of that year, indicating that Luckin Coffee's situation was not bad.</p><p>Next, Luckin Coffee accelerated its debt and capital restructuring this year. In February 2021, Luckin Coffee declared bankruptcy in New York as a procedural step in debt restructuring. In March 2021, Luckin Coffee announced that it had reached a restructuring agreement (RSA) with its major bondholders, which included raising US$250 million and reducing the registered capital of its domestic entity to fulfill the restructuring debt.</p><p>It is worth mentioning that in April 2020, after the financial fraud scandal broke out, Luckin Coffee surged its registered capital from US$1.55 billion to US$2.05 billion. In May of this year, Luckin Coffee completed a $250 million capital reduction for debt restructuring.</p><p>But there is another key question: who will continue to invest in Luckin Coffee after the financial scandal? As it turned out, it was Centurium Capital and Joy Capital, long-time friends and major investors in Luckin Coffee, who ultimately made the move.</p><p><b>Winner Li Hui</b></p><p>Li Hui and Liu Erhai were once staunch supporters of Lu Zhengyao. When they worked at Warburg Pincus and Lenovo Holdings respectively, they jointly invested in Shenzhou-affiliated companies such as Car Rental and UCAR. After founding Centurium Capital and Joy Capital respectively, they jointly invested in Luckin Coffee.</p><p>Li Hui's Centurium Capital is Luckin Coffee's largest institutional investor. Shortly after its founding, Centurium Capital raised its first US dollar fund in 2018 (with a total size of US$2 billion). Its first investment project was Luckin Coffee, with a total investment of nearly US$180 million. When Luckin Coffee went public, Centurium Capital held more than 14% of the shares, making it the third largest shareholder after Lu Zhengyao and Qian Zhiya.</p><p>In January 2020, at the peak of its stock price, Luckin Coffee raised another $900 million through the issuance of new shares and convertible bonds. At the same time, Centurium Capital reduced its holdings at a high price of $42 per ADS, cashing out $230 million, achieving a significant profit. Compared to Joyful Capital, which insisted on \"not selling a single share,\" Li Hui's Centurium Capital perfectly cashed out its investment in Luckin Coffee, demonstrating the high level of a shrewd investor.</p><p>After the Luckin Coffee financial scandal broke out, Li Hui quickly and publicly broke with Lu Zhengyao, engaging in a contest with the latter over board seats and corporate governance rights. After Lu Zhengyao's shares were liquidated, he became the biggest influential figure in Luckin Coffee.</p><p>According to the equity structure disclosed by Luckin Coffee, as of May 31, 2021, Luckin Coffee's total share capital was 1.88 billion Class A shares and 144 million Class B shares. Centurium Capital held all 144 million Class B shares, or 7.15% of Luckin Coffee's equity. Since Class B shares have super voting rights, Centurium Capital holds 43.50% of Luckin Coffee's voting rights. Joy Capital holds 5.30% of the shares and 3.22% of the voting rights.</p><p>However, Centurium Capital further increased its stake in Luckin Coffee through a new round of financing.</p><p>In April 2021, Luckin Coffee announced that it had reached a new round of financing agreement totaling US$250 million with its shareholders, Centurium Capital and Joy Capital. According to the investment agreement, Centurium Capital subscribed for $240 million in senior convertible preferred shares, and Joy Capital subscribed for $10 million at a subscription price of $6.50 per ADS (equivalent to 8 shares). If Luckin Coffee's debt restructuring plan is completed, the two parties can invest an additional US$150 million year-on-year.</p><p>The latest data shows that Luckin Coffee has a total share capital of 289 million shares. Based on this, it is estimated that Centurium Capital's $240 million in convertible preferred shares have recently been fully converted. This also means that Centurium Capital's stake in Luckin Coffee has increased to 17.2%, and its voting rights have increased to 45.2%.</p><p>It is worth mentioning that when Centurium Capital invested $6.50 per ADS to subscribe for convertible preferred shares in April, the share price of Luckin Coffee powder was about $9-10 per ADS. Centurium Capital was essentially buying at a significant discount, and it has doubled in size in just three months, making another huge profit.</p><p>Li Hui's reduction and increase in holdings in Luckin Coffee were meticulously timed.</p><p><b>Does Luckin Coffee still have a</b></p><p>It is worth noting that since the beginning of this year, the coffee chain business has once again attracted the attention of capital. Manner Coffee announced the completion of a new round of financing in June, with a valuation of nearly $3 billion. However, Manner currently only has more than 130 stores, compared to Luckin Coffee, which started as early as 2018, which had 4,500 stores by the end of 2019.</p><p>Luckin Coffee just reissued its 2019 financial report on June 30 this year and stated that it will release its 2020 financial report as soon as possible. According to Luckin Coffee's audited 2019 financial report, revenue in 2018 and 2019 was RMB 840 million and RMB 3.025 billion, respectively, while net losses in the same period were RMB 1.619 billion and RMB 3.16 billion, respectively.</p><p>A report by Luckin Coffee's temporary liquidators at the end of last year revealed that Luckin Coffee achieved overall store profitability for the first time in August 2020, with more than 60% of its stores achieving store profitability in November 2020. In the first three quarters of 2020, Luckin Coffee achieved revenue of 2.69 billion yuan, a year-on-year increase of 34.5%. Some organizations predict that Luckin Coffee's revenue in 2020 will be between 3.8 billion and 4.2 billion yuan, potentially reaching a minimum annual growth rate of 26%.</p><p>According to the latest data disclosed by Luckin Coffee, as of the end of June this year, it had more than 5,200 stores in China, including about 4,000 directly operated stores and more than 1,000 partner stores. Luckin Coffee previously disclosed that its strategic focus has shifted from rapid expansion to targeted expansion, with plans to open 4,800 to 6,900 directly operated stores by 2023.</p><p>After completing its debt and capital restructuring, Luckin Coffee is attempting to re-establish its connections with the capital market. However, whether this chain coffee shop, which has experienced financial scandals, can completely turn things around remains to be seen by the market.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://finance.sina.com.cn/tech/csj/2021-07-20/doc-ikqcfnca7893423.shtml\">大摩财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{"LKNCY":"瑞幸咖啡"},"source_url":"http://finance.sina.com.cn/tech/csj/2021-07-20/doc-ikqcfnca7893423.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145131753","content_text":"一年前,瑞幸咖啡在财务造假丑闻中狼狈退市,成为中概股之耻。\n这个由福建商人陆正耀与其“神州系”团队创办的连锁咖啡店品牌,从开出第一家门店到上市仅用了17个月,从上市到退市只用了13个月,IPO及上市后融资近16亿美元,最高市值120亿美元,创造了“瑞幸神话”。但很快,虚假交易堆砌的“神话”破碎,瑞幸咖啡退市时只剩下3.5亿美元市值,并连带导致陆正耀的“神州系”——包括神州租车、神州优车、宝沃汽车等——陆续崩盘。\n但就在几乎被资本市场遗忘之后,瑞幸咖啡过去一年在美股粉单市场绝地反弹。从2020年7月退市进入粉单市场交易时的最低0.95美元开始,瑞幸咖啡上周最高涨至15.65美元,累计涨幅高达15倍;在6月30日正式发布了2019年财报起,半个月的最高涨幅近70%。截止7月16日,瑞幸咖啡收盘价12.88美元,市值37.22亿美元,是退市市值的十倍。\n\n大摩财经注意到,陆正耀及其势力在财务造假丑闻爆发后,已被清洗出瑞幸咖啡,与陆正耀反目的昔日盟友大钲资本已实际掌控瑞幸咖啡,并成为瑞幸咖啡绝地重组的关键力量和最大获益者。\n重组瑞幸\n瑞幸咖啡在2019年5月赴纳斯达克上市,2020年初被浑水发布的匿名报告做空,当年4月被曝存在财务造假行为,引发一系列后续动荡。2020年6月30日瑞幸退市转至美股粉单市场。\n当年7月,中国财政部调查后披露,自2019年4月至2019年末,瑞幸咖啡通过虚构商品券增加交易额22.46亿元,虚增收入21.19亿元,虚增利润9.08亿元。这也意味着,瑞幸咖啡编织的业绩神话很大部分纯属虚构。\n背负财务造假退市恶名,彼时的瑞幸咖啡可谓人人喊打、跌入谷底,不仅在美国陷入投资者集体诉讼及SEC调查的麻烦,内部还出现陆正耀派系与大钲资本等其他股东的治理纷争。与此同时,瑞幸咖啡退市还触发了违约条款,遭到债权人在开曼法院起诉要求对瑞幸咖啡破产清算。法院指定了临时清算人进行“低度干预”。\n事情的转折点是陆正耀从瑞幸咖啡出局。\n去年7月,陆正耀家族通过Haode等实体控制的瑞幸咖啡股权由于股价暴跌、质押贷款违约,被英属维尔京群岛法院判决由KPMG托管清算,失去了所有股权,进而在董事会之争中失利。2020年9月,在大钲资本等股东推动下改组后的瑞幸咖啡董事会,与陆正耀时代彻底告别,郭谨一等职业经理人上位。虽然陆正耀及其派系在2021年初闹出了举报郭谨一事件,但并没有造成影响。\n不过,瑞幸咖啡的烂摊子仍待收拾。所幸的是,2020年底,瑞幸咖啡与SEC达成了1.8亿美元罚款的和解协议,消除了美国监管风险。与此同时,瑞幸咖啡任命的临时清盘人在2020年12月向开曼群岛大法院递交首份公告,表示瑞幸账上仍有超过7亿美元现金足够偿债,瑞幸咖啡的业务仍经营正常甚至在当年8月首次实现了总体店面盈利,说明瑞幸咖啡的局面还不算糟糕。\n接下来,瑞幸咖啡在今年加速了债务和资本重组。2021年2月,瑞幸咖啡在纽约宣布破产,作为债务重组的程序性一步。2021年3月,瑞幸咖啡表示已和主要债券持有人达成了重组协议(RSA),其中包括进行融资2.5亿美元以及减少国内实体注册资本履行重组债务。\n值得一提的是,财务造假丑闻已经爆发后的2020年4月,瑞幸咖啡曾将注册资本从15.5亿美元猛增至20.5亿美元。今年5月,瑞幸咖啡完成了2.5亿美元的减资用于债务重组。\n但还有一个关键问题是,谁还会在财务丑闻之后继续投资瑞幸咖啡呢?事实证明,最终出手的还是老朋友、瑞幸咖啡的主要投资者大钲资本和愉悦资本。\n赢家黎辉\n黎辉、刘二海曾是陆正耀的坚定支持者,两人分别在华平资本、联想控股任职时就联合投资了神州租车、神州优车等神州系企业,又在分别创办大钲资本、愉悦资本后联合投资了瑞幸咖啡。\n黎辉的大钲资本是瑞幸咖啡的最大机构投资方。大钲资本创办后不久在2018年募集了首只美元基金(总规模20亿美元),出手投资的第一个项目就是瑞幸咖啡,总投资额接近1.8亿美元,瑞幸咖啡上市时大钲资本持股超过14%股权,是仅次于陆正耀和钱治亚的第三大股东。\n2020年1月,瑞幸咖啡在股价高点时通过发行新股和可转换债券再融资9亿美元,大钲资本同时以42美元/ADS的高价减持套现了2.3亿美元,“落袋为安”实现了大幅盈利。和坚持“一股没卖”的愉悦资本相比,黎辉的大钲资本在瑞幸咖啡身上做到了完美套现,体现了一个精明投资者的高段位。\n瑞幸咖啡财务丑闻爆发后,黎辉迅速公开与陆正耀决裂,围绕董事会席位和公司治理权与后者进行了一番较量,在陆正耀股权被清算后成为瑞幸咖啡最大的话事人。\n瑞幸咖啡披露的股权结构显示,截止2021年5月31日,瑞幸咖啡总股本为18.8亿A类股、1.44亿B类股,大钲资本持有全部1.44亿B类股即瑞幸咖啡7.15%的股权,由于B类股拥有超级投票权,大钲资本持有瑞幸咖啡43.50%的投票权。愉悦资本则持股5.30%、投票权为3.22%。\n不过,大钲资本通过新一轮融资进一步提升了在瑞幸咖啡的持股。\n2021年4月,瑞幸咖啡表示和公司股东大钲资本、愉悦资本达成了总额为2.5亿美元的新一轮融资协议。根据投资协议,大钲资本认购2.4亿美元的高级可转换优先股,愉悦资本认购1000万美元,认购价为每ADS(相当于8股)6.5美元。如果瑞幸咖啡债务重组计划完成,双方还可同比追加投资1.5亿美元。\n最新数据显示,瑞幸咖啡总股本为2.89亿股,以此推算,大钲资本的2.4亿美元可转换优先股在最近已全部完成了转换。这也意味着,大钲资本在瑞幸咖啡的持股上升为 17.2%、投票权增至 45.2%。\n值得一提的是,大钲资本在4月以6.5美元/ADS出资认购可转换优先股时,瑞幸咖啡粉单的股价约在9-10美元/ADS,大钲资本相当于以大幅折价抄底,至目前仅三个月就已翻倍,再次大赚一笔。\n黎辉在瑞幸咖啡的一次减持、一次增持,可谓步步算准了节拍。\n瑞幸还有机会吗\n值得注意的是,今年以来,咖啡连锁生意正重新受到资本的关注,Manner咖啡在今年6月宣布完成新一轮融资,估值达到近30亿美元。但Manner目前只有130多家门店,相比之下早在2018年就起跑的瑞幸咖啡门店数在2019年末就达到4500家。\n瑞幸咖啡在今年6月30日刚补发了2019年财报,并表示将尽快发布2020年财报。据瑞幸咖啡经审计的2019年财报,2018、2019年营收分别为8.4亿元、30.25亿元,同期净亏损分别为16.19亿元、31.6亿元。\n瑞幸咖啡临时清算人在去年底的报告披露,瑞幸咖啡已在2020年8月首次实现总体店面盈利,60%以上的门店都在2020年11月实现了店面盈利。2020年前三季度,瑞幸咖啡实现营收26.9亿元,同比增长34.5%。有机构预测称,瑞幸咖啡2020年的营收在38亿-42亿元之间,或达到最低26%的年增长率。\n瑞幸咖啡最新披露的数据显示,截止今年6月底国内门店数量超过5200家,其中包括约4000家直营店及超过1000家合作门店。瑞幸咖啡此前披露,其战略重点已从快速扩张转为针对性扩张,计划至2023年开设4800家-6900家直营店。\n在完成债务和资本重组后,瑞幸咖啡正在试图重新建立与资本市场的连接。不过,这家经历过财务丑闻的连锁咖啡店是否能彻底反转,仍需要市场的继续观察。","news_type":1,"symbols_score_info":{"LKNCY":0.9,"LK":0.9}},"isVote":1,"tweetType":1,"viewCount":4551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171044555,"gmtCreate":1626699530577,"gmtModify":1703763550057,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi, can share how to win from here ","listText":"Hi, can share how to win from here ","text":"Hi, can share how to win from here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171044555","isVote":1,"tweetType":1,"viewCount":3545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146529430,"gmtCreate":1626092363820,"gmtModify":1703753148788,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Smile","listText":"Smile","text":"Smile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146529430","repostId":"1114863871","repostType":4,"repost":{"id":"1114863871","kind":"news","pubTimestamp":1626039626,"share":"https://ttm.financial/m/news/1114863871?lang=en_US&edition=fundamental","pubTime":"2021-07-12 05:40","market":"us","language":"en","title":"Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1114863871","media":"Barron's","summary":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a","content":"<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.</p>\n<p>Other major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.</p>\n<p>The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.</p>\n<p>Investors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.</p>\n<p><img src=\"https://static.tigerbbs.com/1508a89eaa3fb959feaaa832797a2c48\" tg-width=\"1176\" tg-height=\"360\"></p>\n<p><b>Monday 7/12</b></p>\n<p>FedExhosts a conference call to update the investment community on its business outlook.</p>\n<p><b>Tuesday 7/13</b></p>\n<p>JPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.</p>\n<p>Conagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.</p>\n<p>Dell Technologieshosts a conference call to discuss its ESG strategy.</p>\n<p><b>The Bureau of Labor</b> Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.</p>\n<p><b>The National Federation</b> of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.</p>\n<p><b>Wednesday 7/14</b></p>\n<p>Bank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.</p>\n<p><b>The Federal Reserve</b> releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.</p>\n<p><b>The BLS releases</b> the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.</p>\n<p><b>Thursday 7/15</b></p>\n<p>Bank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.</p>\n<p><b>Friday 7/16</b></p>\n<p>Charles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.</p>\n<p><b>The Bank of Japan</b> announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.</p>\n<p><b>The University of Michigan</b> releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.</p>\n<p><b>The Census Bureau</b> reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.</p>","source":"lsy1610680873436","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>Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nChase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 05:40 GMT+8 <a href=https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","WFC":"富国银行","C":"花旗","GS":"高盛","BAC":"美国银行","MS":"摩根士丹利","TSM":"台积电"},"source_url":"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114863871","content_text":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.\nOther major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.\nThe week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.\nInvestors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.\n\nMonday 7/12\nFedExhosts a conference call to update the investment community on its business outlook.\nTuesday 7/13\nJPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.\nConagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.\nDell Technologieshosts a conference call to discuss its ESG strategy.\nThe Bureau of Labor Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.\nThe National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.\nWednesday 7/14\nBank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.\nThe Federal Reserve releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.\nThe BLS releases the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.\nThursday 7/15\nBank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.\nFriday 7/16\nCharles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.\nThe University of Michigan releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.\nThe Census Bureau reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.","news_type":1,"symbols_score_info":{"JPM":0.9,"TSM":0.9,"BAC":0.9,"MS":0.9,"GS":0.9,"WFC":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":4103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146567592,"gmtCreate":1626092234016,"gmtModify":1703753145496,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088856138378430","authorIdStr":"4088856138378430"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146567592","repostId":"1167324972","repostType":4,"isVote":1,"tweetType":1,"viewCount":4560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":802703693,"gmtCreate":1627801481712,"gmtModify":1703496099691,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802703693","repostId":"1198503623","repostType":4,"isVote":1,"tweetType":1,"viewCount":6075,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581926273115941","authorId":"3581926273115941","name":"kikiki啊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581926273115941","idStr":"3581926273115941"},"content":"[Happy] [Happy]","text":"[Happy] [Happy]","html":"[Happy] [Happy]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172697140,"gmtCreate":1626957425180,"gmtModify":1703481299645,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/172697140","repostId":"1164585959","repostType":4,"repost":{"id":"1164585959","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":1626957042,"share":"https://ttm.financial/m/news/1164585959?lang=en_US&edition=fundamental","pubTime":"2021-07-22 20:30","market":"us","language":"zh","title":"The number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.","url":"https://stock-news.laohu8.com/highlight/detail?id=1164585959","media":"老虎资讯综合","summary":"美国7月17日当周首次申请失业救济人数 41.9万人,预期 35万人,前值 36万人。美国上周首申人数意外增加凸显出美国劳动力市场的动荡局面。而新冠疫情变种病毒的迅速传播可能在未来几个月会加大美国就业","content":"<p>The number of initial jobless claims in the United States for the week ending July 17 was 419,000, compared with the expected 350,000 and the previous figure of 360,000. The unexpected increase in the number of first-time applicants in the United States last week highlights the volatile situation in the U.S. labor market. The rapid spread of the COVID-19 variant may increase volatility in U.S. employment data in the coming months.<img src=\"https://static.tigerbbs.com/c17bceb8c80ee60dba08a7b09e2da048\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of people continuing to apply for unemployment benefits reached 3.236 million, compared to the forecast value of 3.1 million.</p><p><img src=\"https://static.tigerbbs.com/ee682fe518d38eb2c798658ec6a9fe81\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of initial jobless claims in the United States unexpectedly rose last week, but this may not mean a substantial shift in the job market. The increase in the number of applicants may reflect that it is difficult for seasonal fluctuations to remain stable after the turmoil caused by the pandemic. \"Seasonal adjustments are trying to offset this impact,\" said Lou Crandall, chief analyst at Wrightson ICAP. \"But it's unclear whether seasonal dynamics will follow normal patterns.\" Despite the surge in infections, economists do not expect large-scale business closures. However, the latest wave of infections poses risks to the economy. \"We can accept the current level of infection nationwide,\" said Brad McMillan, chief investment officer of Commonwealth Financial Network. \"This infection is unlikely to lead to economically destructive policy changes.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe number of initial applications in the United States last week far exceeded expectations, reaching a new high in nearly two months.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-22 20:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The number of initial jobless claims in the United States for the week ending July 17 was 419,000, compared with the expected 350,000 and the previous figure of 360,000. The unexpected increase in the number of first-time applicants in the United States last week highlights the volatile situation in the U.S. labor market. The rapid spread of the COVID-19 variant may increase volatility in U.S. employment data in the coming months.<img src=\"https://static.tigerbbs.com/c17bceb8c80ee60dba08a7b09e2da048\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of people continuing to apply for unemployment benefits reached 3.236 million, compared to the forecast value of 3.1 million.</p><p><img src=\"https://static.tigerbbs.com/ee682fe518d38eb2c798658ec6a9fe81\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\">The number of initial jobless claims in the United States unexpectedly rose last week, but this may not mean a substantial shift in the job market. The increase in the number of applicants may reflect that it is difficult for seasonal fluctuations to remain stable after the turmoil caused by the pandemic. \"Seasonal adjustments are trying to offset this impact,\" said Lou Crandall, chief analyst at Wrightson ICAP. \"But it's unclear whether seasonal dynamics will follow normal patterns.\" Despite the surge in infections, economists do not expect large-scale business closures. However, the latest wave of infections poses risks to the economy. \"We can accept the current level of infection nationwide,\" said Brad McMillan, chief investment officer of Commonwealth Financial Network. \"This infection is unlikely to lead to economically destructive policy changes.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/41f81b99b97a59da55dd70fd1af475cb","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164585959","content_text":"美国7月17日当周首次申请失业救济人数 41.9万人,预期 35万人,前值 36万人。美国上周首申人数意外增加凸显出美国劳动力市场的动荡局面。而新冠疫情变种病毒的迅速传播可能在未来几个月会加大美国就业数据的波动。续请失业救济人数323.6万人,预测值310万人。\n美国上周初请失业金人数意外上升,但这可能并不意味着就业市场出现实质性转变。此次申领人数上升可能反映出,在疫情动荡之后,季节性波动数据很难保持平缓。Wrightson ICAP首席分析师Lou Crandall称,\"季节性调整因素试图弥补这一影响。\"“但目前还不清楚季节动态是否会遵循正常的规律。”尽管感染人数激增,但经济学家预计不会出现大规模企业倒闭。不过,最新一波感染给经济带来了风险。\"我们可以接受目前全国范围内的感染水平,\" Commonwealth Financial Network首席投资官Brad McMillan表示,“这次感染不太可能导致具有经济破坏性的政策变化。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146567592,"gmtCreate":1626092234016,"gmtModify":1703753145496,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146567592","repostId":"1167324972","repostType":4,"isVote":1,"tweetType":1,"viewCount":4560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800203781,"gmtCreate":1627302576143,"gmtModify":1703487117834,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800203781","repostId":"1191089457","repostType":4,"repost":{"id":"1191089457","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":1627302034,"share":"https://ttm.financial/m/news/1191089457?lang=en_US&edition=fundamental","pubTime":"2021-07-26 20:20","market":"us","language":"zh","title":"Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.","url":"https://stock-news.laohu8.com/highlight/detail?id=1191089457","media":"老虎资讯综合","summary":"7月26日,孩之宝公布了第二季度财务业绩。数据显示,孩之宝Q2净营收为13.222亿美元,上年同期为8.603亿美元,同比增长54%。财报发布后,孩之宝盘前股价涨超4%。\n\n其中,按部门划分,消费品业","content":"<p>On July 26,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>The company announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/5b7502ca0b817d7d67fe9e986a893a54\" tg-width=\"898\" tg-height=\"894\" width=\"100%\" height=\"auto\"></p><p>By segment, the consumer goods business segment's revenue was US$689.2 million, compared to US$519.5 million in the same period of the previous year, representing a year-on-year increase of 33%. Wizard and its video game business unit reported revenue of $406.3 million, compared to $186.7 million in the same period last year, representing a year-over-year increase of 117.6%. The entertainment business segment reported revenue of $226.7 million, compared to $154.1 million in the same period last year, representing a 47% year-over-year increase.</p><p>By brand portfolio, franchise brand revenue was $650 million, compared to $377 million in the same period last year, representing a year-on-year increase of 72%. Partner brand revenue was $212 million, compared to $138.3 million in the same period last year, representing a year-over-year increase of 53%. Hasbro's gaming brand revenue was $147.1 million, compared to $137 million in the same period last year, representing a 7% year-over-year increase. Revenue from emerging brands was $117 million, compared to $75.9 million in the same period last year, representing a year-over-year increase of 54%. Revenue from television, film, and entertainment brands was $196.2 million, compared to $132.2 million in the same period last year, representing a year-over-year increase of 48%.</p><p>The company reported a net loss of $21.9 million in Q2, compared to $32.9 million in the same period last year, a 33.43% decrease year-over-year. Basic and diluted losses per share were $0.17, compared to $0.25 per share in the same period last year.</p><p>Q2 EBITDA was $159.5 million, compared to $73.5 million in the same period last year, representing a year-on-year increase of 117%. Adjusted EBITDA was $289.6 million, compared to $110.8 million in the same period last year, representing a year-on-year increase of 161.4%.</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>Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.</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\">\nHasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.\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\">2021-07-26 20:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 26,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>The company announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><img src=\"https://static.tigerbbs.com/5b7502ca0b817d7d67fe9e986a893a54\" tg-width=\"898\" tg-height=\"894\" width=\"100%\" height=\"auto\"></p><p>By segment, the consumer goods business segment's revenue was US$689.2 million, compared to US$519.5 million in the same period of the previous year, representing a year-on-year increase of 33%. Wizard and its video game business unit reported revenue of $406.3 million, compared to $186.7 million in the same period last year, representing a year-over-year increase of 117.6%. The entertainment business segment reported revenue of $226.7 million, compared to $154.1 million in the same period last year, representing a 47% year-over-year increase.</p><p>By brand portfolio, franchise brand revenue was $650 million, compared to $377 million in the same period last year, representing a year-on-year increase of 72%. Partner brand revenue was $212 million, compared to $138.3 million in the same period last year, representing a year-over-year increase of 53%. Hasbro's gaming brand revenue was $147.1 million, compared to $137 million in the same period last year, representing a 7% year-over-year increase. Revenue from emerging brands was $117 million, compared to $75.9 million in the same period last year, representing a year-over-year increase of 54%. Revenue from television, film, and entertainment brands was $196.2 million, compared to $132.2 million in the same period last year, representing a year-over-year increase of 48%.</p><p>The company reported a net loss of $21.9 million in Q2, compared to $32.9 million in the same period last year, a 33.43% decrease year-over-year. Basic and diluted losses per share were $0.17, compared to $0.25 per share in the same period last year.</p><p>Q2 EBITDA was $159.5 million, compared to $73.5 million in the same period last year, representing a year-on-year increase of 117%. Adjusted EBITDA was $289.6 million, compared to $110.8 million in the same period last year, representing a year-on-year increase of 161.4%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"HAS":"孩之宝"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191089457","content_text":"7月26日,孩之宝公布了第二季度财务业绩。数据显示,孩之宝Q2净营收为13.222亿美元,上年同期为8.603亿美元,同比增长54%。财报发布后,孩之宝盘前股价涨超4%。\n\n其中,按部门划分,消费品业务部门营收为6.892亿美元,上年同期为5.195亿美元,同比增长33%。威世智与电子游戏业务部门营收为4.063亿美元,上年同期为1.867亿美元,同比增长117.6%。娱乐业务部门营收为2.267亿美元,上年同期为1.541亿美元,同比增长47%。\n其中,按品牌组合划分,特许经营品牌营收为6.5亿美元,上年同期为3.77亿美元,同比增长72%。夥伴品牌营收为2.12亿美元,上年同期为1.383亿美元,同比增长53%。孩之宝游戏品牌营收为1.471亿美元,上年同期为1.37亿美元,同比增长7%。新兴品牌营收为1.17亿美元,上年同期为7590万美元,同比增长54%。电视、电影、娱乐品牌营收为1.962亿美元,上年同期为1.322亿美元,同比增长48%。\nQ2净亏损为2190万美元,上年同期为3290万美元,同比收窄33.43%。基本和摊薄后每股亏损为0.17美元,上年同期每股亏损为0.25美元。\nQ2 EBITDA为1.595亿美元,上年同期为7350万美元,同比增长117%。调整后EBITDA为2.896亿美元,上年同期为1.108亿美元,同比增长161.4%。","news_type":1,"symbols_score_info":{"HAS":0.9}},"isVote":1,"tweetType":1,"viewCount":4488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175552437,"gmtCreate":1627043766629,"gmtModify":1703483086711,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175552437","repostId":"1159098067","repostType":4,"isVote":1,"tweetType":1,"viewCount":4377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176190579,"gmtCreate":1626869238691,"gmtModify":1703479567943,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176190579","repostId":"2153643577","repostType":4,"repost":{"id":"2153643577","kind":"highlight","pubTimestamp":1626868937,"share":"https://ttm.financial/m/news/2153643577?lang=en_US&edition=fundamental","pubTime":"2021-07-21 20:02","market":"us","language":"zh","title":"To complete self-redemption? The countdown to FF's listing on Nasdaq has begun.","url":"https://stock-news.laohu8.com/highlight/detail?id=2153643577","media":"华尔街见闻","summary":"7月20日美国公司Property Solutions Acquisition Corp.在纽约宣布了其股东在2021年7月20日举行的特别会议上审议和投票的10项提案的结果。投票报告显示,之前宣布的","content":"<p>July 20, U.S. companies<a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition Corp</a>In New York, the company announced the results of 10 proposals considered and voted on by its shareholders at a special meeting held on July 20, 2021. The voting report shows that all previously announced proposals related to the proposed merger between PSAC and Faraday Future (FF) were supported by PSAC shareholders at the special meeting.</p><p>This means that Faraday Future (FF) is able to<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>Corp. (PSAC) completed its merger and listed on Nasdaq, with the trading symbol changed to FFIE. The transaction is expected to provide FF with approximately $1 billion in funding. In other words, with the completion of FF's shell company IPO, FF will become the third listed company in which Jia Yueting has participated. After five years of silence, it seems that Jia Yueting is about to \"rise from the ashes\". And it's actually tomorrow?</p><p><img src=\"https://static.tigerbbs.com/1c660c1b32b3140ac082a841807606ff\" tg-width=\"624\" tg-height=\"544\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As FF has completed 11 rounds of financing, after this merger, FF will hold 50.3% of the shares of the new company FFIE, and will still have a relative controlling stake. If there is a concerted action relationship with the supplier's equity in the debt-to-equity swap, then the shareholding ratio is 67.5%, which is absolute control. Conversely, looking at FF's own equity structure, FF currently controls the company's management and employees (more than 50% of the shares), while Evergrande holds 32% of the shares.<img src=\"https://static.tigerbbs.com/09f804de6612c2cd6a1ee4ed708de0e2\" tg-width=\"693\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to many companies' PowerPoint presentations on car manufacturing, the soon-to-be-launched FF has shown real skill, releasing a message on its official social media channels themed \"Three Major Product Transformations\": All-Round Vehicles and Supercars.<a href=\"https://laohu8.com/S/300024\">Robot</a>A promotional poster for a smart mobility ecosystem that breaks down boundaries. Meanwhile, FF's first mass-produced new car, the FF91, will be unveiled and test driven at an investor meeting on September 21 this year, and will be launched in the first half of 2022. To date, its first flagship model, the FF 91, has received more than 14,000 orders with a pre-order fee of only 50,000 RMB, which is fully refundable.</p><p><img src=\"https://static.tigerbbs.com/20b05e77ebdae8e2169d606c38e9f372\" tg-width=\"693\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Wall Street Insights Institute believes that the launch of FF's new car is a bit late. In fact, as a company founded as early as 2014, FF, founded by Jia Yueting in California, USA, can be considered a prime example of today's emerging car manufacturers.<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng, Li Auto, and others were among the first in the industry to propose the \"four modernizations\" strategy of electrification, intelligentization, internetization, and sharing, believing that electric vehicles are the mainstream of the future. If mass production could have been achieved back then, it would very likely have become the next...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p>However, the competitive landscape and situation are vastly different today. Major automakers and even technology companies are now accelerating the development of new energy vehicles, which presents both opportunities and challenges for FF, a new entrant.</p><p>1) In terms of sales volume, electric vehicles have now been recognized by the market. Compared with the caution of consumers and the market towards electric vehicles and the sluggish sales in 2014, sales in the first half of this year alone have almost caught up with the whole of last year, and the penetration rate has exceeded 10%. The annual sales target has been rising again and again, and now it has reached 2.4 million vehicles. Whether it's emerging car manufacturers or traditional automakers, electric vehicle sales are repeatedly setting new records.</p><p>2) From the perspective of the transformation of traditional automakers, major traditional automakers are all seeking to transform towards electric vehicles.<a href=\"https://laohu8.com/S/002594\">BYD</a>Sales of gasoline-powered and electric vehicles have shown significant polarization. While gasoline-powered vehicles have fallen to less than 10,000 units, electric vehicles have surpassed 40,000 units for the first time, accounting for 80% of the brand's total sales.<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>Furthermore, its 2025 strategy clearly states that new energy vehicles are...<a href=\"https://laohu8.com/S/02333\">Great Wall Motors</a>In the future, the company aims to achieve global annual sales of 4 million vehicles by 2025, 80% of which will be new energy vehicles.</p><p>3) In terms of model, FF's first flagship model, the FF91, is equipped with a 130kWh battery pack. Under NEDC test standards, the FF 91's maximum range can reach 700km. However, with new models such as the Zhiji, Jike 001, and Jihu Alfa S being released frequently, it is still debatable whether FF, a model launched four years ago, can stand out from the crowd.</p><p>4) Finally, regarding the entry barriers, although electric vehicle manufacturing does indeed have considerable technical barriers, competitors are no longer limited to traditional automakers and some emerging players; there are also influential and powerful technology companies such as 360 and Xiaomi.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>With other companies also starting to enter the new energy vehicle market, the competitive pressure will undoubtedly increase.</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>To complete self-redemption? The countdown to FF's listing on Nasdaq has begun.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTo complete self-redemption? The countdown to FF's listing on Nasdaq has begun.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-21 20:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>July 20, U.S. companies<a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition Corp</a>In New York, the company announced the results of 10 proposals considered and voted on by its shareholders at a special meeting held on July 20, 2021. The voting report shows that all previously announced proposals related to the proposed merger between PSAC and Faraday Future (FF) were supported by PSAC shareholders at the special meeting.</p><p>This means that Faraday Future (FF) is able to<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>Corp. (PSAC) completed its merger and listed on Nasdaq, with the trading symbol changed to FFIE. The transaction is expected to provide FF with approximately $1 billion in funding. In other words, with the completion of FF's shell company IPO, FF will become the third listed company in which Jia Yueting has participated. After five years of silence, it seems that Jia Yueting is about to \"rise from the ashes\". And it's actually tomorrow?</p><p><img src=\"https://static.tigerbbs.com/1c660c1b32b3140ac082a841807606ff\" tg-width=\"624\" tg-height=\"544\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As FF has completed 11 rounds of financing, after this merger, FF will hold 50.3% of the shares of the new company FFIE, and will still have a relative controlling stake. If there is a concerted action relationship with the supplier's equity in the debt-to-equity swap, then the shareholding ratio is 67.5%, which is absolute control. Conversely, looking at FF's own equity structure, FF currently controls the company's management and employees (more than 50% of the shares), while Evergrande holds 32% of the shares.<img src=\"https://static.tigerbbs.com/09f804de6612c2cd6a1ee4ed708de0e2\" tg-width=\"693\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to many companies' PowerPoint presentations on car manufacturing, the soon-to-be-launched FF has shown real skill, releasing a message on its official social media channels themed \"Three Major Product Transformations\": All-Round Vehicles and Supercars.<a href=\"https://laohu8.com/S/300024\">Robot</a>A promotional poster for a smart mobility ecosystem that breaks down boundaries. Meanwhile, FF's first mass-produced new car, the FF91, will be unveiled and test driven at an investor meeting on September 21 this year, and will be launched in the first half of 2022. To date, its first flagship model, the FF 91, has received more than 14,000 orders with a pre-order fee of only 50,000 RMB, which is fully refundable.</p><p><img src=\"https://static.tigerbbs.com/20b05e77ebdae8e2169d606c38e9f372\" tg-width=\"693\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The Wall Street Insights Institute believes that the launch of FF's new car is a bit late. In fact, as a company founded as early as 2014, FF, founded by Jia Yueting in California, USA, can be considered a prime example of today's emerging car manufacturers.<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng, Li Auto, and others were among the first in the industry to propose the \"four modernizations\" strategy of electrification, intelligentization, internetization, and sharing, believing that electric vehicles are the mainstream of the future. If mass production could have been achieved back then, it would very likely have become the next...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。</p><p>However, the competitive landscape and situation are vastly different today. Major automakers and even technology companies are now accelerating the development of new energy vehicles, which presents both opportunities and challenges for FF, a new entrant.</p><p>1) In terms of sales volume, electric vehicles have now been recognized by the market. Compared with the caution of consumers and the market towards electric vehicles and the sluggish sales in 2014, sales in the first half of this year alone have almost caught up with the whole of last year, and the penetration rate has exceeded 10%. The annual sales target has been rising again and again, and now it has reached 2.4 million vehicles. Whether it's emerging car manufacturers or traditional automakers, electric vehicle sales are repeatedly setting new records.</p><p>2) From the perspective of the transformation of traditional automakers, major traditional automakers are all seeking to transform towards electric vehicles.<a href=\"https://laohu8.com/S/002594\">BYD</a>Sales of gasoline-powered and electric vehicles have shown significant polarization. While gasoline-powered vehicles have fallen to less than 10,000 units, electric vehicles have surpassed 40,000 units for the first time, accounting for 80% of the brand's total sales.<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>Furthermore, its 2025 strategy clearly states that new energy vehicles are...<a href=\"https://laohu8.com/S/02333\">Great Wall Motors</a>In the future, the company aims to achieve global annual sales of 4 million vehicles by 2025, 80% of which will be new energy vehicles.</p><p>3) In terms of model, FF's first flagship model, the FF91, is equipped with a 130kWh battery pack. Under NEDC test standards, the FF 91's maximum range can reach 700km. However, with new models such as the Zhiji, Jike 001, and Jihu Alfa S being released frequently, it is still debatable whether FF, a model launched four years ago, can stand out from the crowd.</p><p>4) Finally, regarding the entry barriers, although electric vehicle manufacturing does indeed have considerable technical barriers, competitors are no longer limited to traditional automakers and some emerging players; there are also influential and powerful technology companies such as 360 and Xiaomi.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>With other companies also starting to enter the new energy vehicle market, the competitive pressure will undoubtedly increase.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3635994\">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/1c660c1b32b3140ac082a841807606ff","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3635994","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153643577","content_text":"7月20日美国公司Property Solutions Acquisition Corp.在纽约宣布了其股东在2021年7月20日举行的特别会议上审议和投票的10项提案的结果。投票报告显示,之前宣布的PSAC和Faraday Future(FF)之间的拟议合并交易有关的全部提案都在特别会议上得到了PSAC股东的支持。\n这意味着Faraday Future(FF)能够和Property Solutions Acquisition Corp.(PSAC)完成合并,并在纳斯达克上进行上市交易,交易代码也随之变更为FFIE,预计此次交易将为FF提供约10亿美元资金。换句话而言,随着FF造壳上市的完成,FF将成为贾跃亭参与的第三家上市公司,沉寂5年以后贾跃亭貌似要“涅槃重生”呢?而且时间居然就在明天?\n\n作为已经完成11轮融资的FF,这波合并之后,FF公司将占新公司FFIE的50.3%的股份,还是处于相对控股;如果和供应商债转股的股权形成一致行动关系,则占股比例为67.5%,那就是绝对控股。而反过来看FF本身年的股权结构,目前FF控股的是公司管理层及员工(50%+的股权占比),另外恒大占据32%的股权。\n相比不少公司的PPT造车,即将上市的FF还是拿出了真本事,在FF的官方社交渠道上已经发布了主题为“3大产品变革”:全能车、超级汽车机器人、打破边界的智能出行生态系统的宣传海报。同时FF的首款量产版新车FF91也将在今年9月21日的投资者见面会上亮相、试驾,并于2022年上半年上市。截止目前,在只需要支付5万元人民币、且全额可退的预定条件下,其首款旗舰车型FF 91已获得超过1.4万辆订单。\n\n华尔街见闻·见智研究所认为FF新车的上市在目前来看稍显晚了点,其实作为早在2014年就创立的公司,贾跃亭在美国加州创立的FF可以说比如今的造车新势力蔚来、小鹏、理想等都要早,并在业内率先提出了电动化、智能化、互联网化和共享化的“四化”战略,觉得电动车才是未来主流。如果能在当初就有量产那将极有可能成为下一个特斯拉。\n但是如今的竞争格局和局势已经大不相同,现在各大车企甚至科技公司都在加紧开发新能源汽车,对于FF这个新入局者是机遇但更多的是挑战:\n1)从销量上看如今的电动车已经受到了市场的认可,相比2014年消费者和市场对电动车的谨慎和销量的低迷,今年仅上半年销量就几乎追平去年全年,渗透率更是突破10%,全年销量目标一涨再涨如今达到240万辆;不管是造车新势力还是传统车企的电动车的销量都在屡屡创下新高。\n2)从传统车企转型来看,各大传统车企都在谋求向电动车的转型,比亚迪燃油车和电动车销量出现严重两极分化,在燃油车下跌到不足万辆时电动车却首次突破4万大关,占据品牌总销量的80%,长城汽车更是在其2025战略中明确表示新能源汽车是长城汽车的未来,2025年实现全球年销量400万辆,其中80%为新能源汽车。\n3)从车款来看,FF首款旗舰车型FF91配备了130kWh电池容量的动力电池组,在NEDC的测试标准下,FF 91的最大续航里程可达到700km。但在如今智己、极氪001、极狐阿尔法S 等新款频出的局面下,FF这个四年前推出的车型能否从中推应而出还是值得商榷。\n4)最后从入局门槛来看,虽然电动车制造的确有不低的技术门槛,但是竞争对手也不再仅仅是传统车企和部分新势力,还有颇具影响力和实力的科技公司像360、小米、苹果等也都开始入局新能源汽车,竞争压力毫无疑问将会变得更大。","news_type":1,"symbols_score_info":{"FFIE":0.9,"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":4706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171564407,"gmtCreate":1626751163809,"gmtModify":1703764498214,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171564407","repostId":"1145131753","repostType":4,"repost":{"id":"1145131753","kind":"news","pubTimestamp":1626750589,"share":"https://ttm.financial/m/news/1145131753?lang=en_US&edition=fundamental","pubTime":"2021-07-20 11:09","market":"us","language":"zh","title":"Luckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.","url":"https://stock-news.laohu8.com/highlight/detail?id=1145131753","media":"大摩财经","summary":"与陆正耀反目的昔日盟友大钲资本已实际掌控瑞幸咖啡。","content":"<p>A year ago, Luckin Coffee was delisted in a sorry state amid a financial fraud scandal, becoming a disgrace to Chinese concept stocks.</p><p>This chain coffee shop brand, founded by Fujian businessman Lu Zhengyao and his \"Shenzhou Group\" team, took only 17 months from opening its first store to going public, and only 13 months from going public to delisting. It raised nearly $1.6 billion in funding after its IPO and listing, with a peak market capitalization of $12 billion, creating the \"Luckin Coffee Myth\". However, the \"myth\" built up by fraudulent transactions was soon shattered. When Luckin Coffee was delisted, its market capitalization was only $350 million, which led to the collapse of Lu Zhengyao's \"Shenzhou Group\"—including CAR Inc., UCAR Inc., and Borgward Auto.</p><p>But just after being almost forgotten by the capital market, Luckin Coffee has rebounded dramatically in the US pink sheet market over the past year. Starting from a low of $0.95 when it was delisted and entered the pink sheet market in July 2020, Luckin Coffee rose to a high of $15.65 last week, a cumulative increase of 15 times. Since the official release of the 2019 financial report on June 30, the highest increase in half a month has been nearly 70%. As of July 16, Luckin Coffee closed at $12.88, with a market capitalization of $3.722 billion, ten times its delisted market capitalization.</p><p><img src=\"https://static.tigerbbs.com/b4e271afaef9c3d48728fe0003b1a982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley Finance noted that Lu Zhengyao and his entourage were purged from Luckin Coffee after the financial fraud scandal broke out. Centurium Capital, a former ally who had turned against Lu Zhengyao, now effectively controls Luckin Coffee and has become a key force and the biggest beneficiary of Luckin Coffee's desperate restructuring.</p><p><b>Reorganization of Luckin Coffee</b></p><p>Luckin Coffee went public on Nasdaq in May 2019. In early 2020, it was shorted by an anonymous report released by Muddy Waters. In April of that year, it was exposed for financial fraud, which triggered a series of subsequent turmoil. On June 30, 2020, Luckin Coffee was delisted and transferred to the US stock pink sheet market.</p><p>In July of that year, China's Ministry of Finance investigated and disclosed that from April 2019 to the end of 2019, Luckin Coffee inflated its transaction volume by 2.246 billion yuan, its revenue by 2.119 billion yuan, and its profit by 908 million yuan by fabricating commodity vouchers. This also means that Luckin Coffee's performance myth is largely fictional.</p><p>Bearing the notoriety of delisting due to financial fraud, Luckin Coffee was universally hated and plunged into trouble. It was not only embroiled in class-action lawsuits by investors and SEC investigations in the United States, but also experienced internal governance disputes between Lu Zhengyao's faction and other shareholders such as Centurium Capital. At the same time, Luckin Coffee's delisting also triggered a default clause, leading to a lawsuit filed by creditors in the Cayman Islands court demanding bankruptcy liquidation of Luckin Coffee. The court appointed a provisional liquidator for \"low-level intervention\".</p><p>The turning point was Lu Zhengyao's exit from Luckin Coffee.</p><p>In July of last year, the Luckin Coffee stake controlled by the Lu Zhengyao family through entities such as Haode was ordered by the British Virgin Islands court to be placed under trusteeship and liquidation by KPMG due to a sharp drop in stock price and default on pledged loans. The family lost all their shares and subsequently lost the board battle. In September 2020, the reorganized board of directors of Luckin Coffee, driven by shareholders such as Centurium Capital, completely bid farewell to the Lu Zhengyao era, and professional managers such as Guo Jinyi took over. Although Lu Zhengyao and his faction caused a stir in early 2021 by reporting Guo Jinyi, it did not have any impact.</p><p>However, Luckin Coffee's mess still needs to be cleaned up. Fortunately, at the end of 2020, Luckin Coffee reached a settlement agreement with the SEC for a $180 million fine, eliminating U.S. regulatory risks. Meanwhile, the provisional liquidator appointed by Luckin Coffee filed its first notice with the Grand Court of the Cayman Islands in December 2020, stating that Luckin Coffee still had more than $700 million in cash on hand, sufficient to repay its debts, and that Luckin Coffee's business was still operating normally. In fact, it achieved overall store profitability for the first time in August of that year, indicating that Luckin Coffee's situation was not bad.</p><p>Next, Luckin Coffee accelerated its debt and capital restructuring this year. In February 2021, Luckin Coffee declared bankruptcy in New York as a procedural step in debt restructuring. In March 2021, Luckin Coffee announced that it had reached a restructuring agreement (RSA) with its major bondholders, which included raising US$250 million and reducing the registered capital of its domestic entity to fulfill the restructuring debt.</p><p>It is worth mentioning that in April 2020, after the financial fraud scandal broke out, Luckin Coffee surged its registered capital from US$1.55 billion to US$2.05 billion. In May of this year, Luckin Coffee completed a $250 million capital reduction for debt restructuring.</p><p>But there is another key question: who will continue to invest in Luckin Coffee after the financial scandal? As it turned out, it was Centurium Capital and Joy Capital, long-time friends and major investors in Luckin Coffee, who ultimately made the move.</p><p><b>Winner Li Hui</b></p><p>Li Hui and Liu Erhai were once staunch supporters of Lu Zhengyao. When they worked at Warburg Pincus and Lenovo Holdings respectively, they jointly invested in Shenzhou-affiliated companies such as Car Rental and UCAR. After founding Centurium Capital and Joy Capital respectively, they jointly invested in Luckin Coffee.</p><p>Li Hui's Centurium Capital is Luckin Coffee's largest institutional investor. Shortly after its founding, Centurium Capital raised its first US dollar fund in 2018 (with a total size of US$2 billion). Its first investment project was Luckin Coffee, with a total investment of nearly US$180 million. When Luckin Coffee went public, Centurium Capital held more than 14% of the shares, making it the third largest shareholder after Lu Zhengyao and Qian Zhiya.</p><p>In January 2020, at the peak of its stock price, Luckin Coffee raised another $900 million through the issuance of new shares and convertible bonds. At the same time, Centurium Capital reduced its holdings at a high price of $42 per ADS, cashing out $230 million, achieving a significant profit. Compared to Joyful Capital, which insisted on \"not selling a single share,\" Li Hui's Centurium Capital perfectly cashed out its investment in Luckin Coffee, demonstrating the high level of a shrewd investor.</p><p>After the Luckin Coffee financial scandal broke out, Li Hui quickly and publicly broke with Lu Zhengyao, engaging in a contest with the latter over board seats and corporate governance rights. After Lu Zhengyao's shares were liquidated, he became the biggest influential figure in Luckin Coffee.</p><p>According to the equity structure disclosed by Luckin Coffee, as of May 31, 2021, Luckin Coffee's total share capital was 1.88 billion Class A shares and 144 million Class B shares. Centurium Capital held all 144 million Class B shares, or 7.15% of Luckin Coffee's equity. Since Class B shares have super voting rights, Centurium Capital holds 43.50% of Luckin Coffee's voting rights. Joy Capital holds 5.30% of the shares and 3.22% of the voting rights.</p><p>However, Centurium Capital further increased its stake in Luckin Coffee through a new round of financing.</p><p>In April 2021, Luckin Coffee announced that it had reached a new round of financing agreement totaling US$250 million with its shareholders, Centurium Capital and Joy Capital. According to the investment agreement, Centurium Capital subscribed for $240 million in senior convertible preferred shares, and Joy Capital subscribed for $10 million at a subscription price of $6.50 per ADS (equivalent to 8 shares). If Luckin Coffee's debt restructuring plan is completed, the two parties can invest an additional US$150 million year-on-year.</p><p>The latest data shows that Luckin Coffee has a total share capital of 289 million shares. Based on this, it is estimated that Centurium Capital's $240 million in convertible preferred shares have recently been fully converted. This also means that Centurium Capital's stake in Luckin Coffee has increased to 17.2%, and its voting rights have increased to 45.2%.</p><p>It is worth mentioning that when Centurium Capital invested $6.50 per ADS to subscribe for convertible preferred shares in April, the share price of Luckin Coffee powder was about $9-10 per ADS. Centurium Capital was essentially buying at a significant discount, and it has doubled in size in just three months, making another huge profit.</p><p>Li Hui's reduction and increase in holdings in Luckin Coffee were meticulously timed.</p><p><b>Does Luckin Coffee still have a</b></p><p>It is worth noting that since the beginning of this year, the coffee chain business has once again attracted the attention of capital. Manner Coffee announced the completion of a new round of financing in June, with a valuation of nearly $3 billion. However, Manner currently only has more than 130 stores, compared to Luckin Coffee, which started as early as 2018, which had 4,500 stores by the end of 2019.</p><p>Luckin Coffee just reissued its 2019 financial report on June 30 this year and stated that it will release its 2020 financial report as soon as possible. According to Luckin Coffee's audited 2019 financial report, revenue in 2018 and 2019 was RMB 840 million and RMB 3.025 billion, respectively, while net losses in the same period were RMB 1.619 billion and RMB 3.16 billion, respectively.</p><p>A report by Luckin Coffee's temporary liquidators at the end of last year revealed that Luckin Coffee achieved overall store profitability for the first time in August 2020, with more than 60% of its stores achieving store profitability in November 2020. In the first three quarters of 2020, Luckin Coffee achieved revenue of 2.69 billion yuan, a year-on-year increase of 34.5%. Some organizations predict that Luckin Coffee's revenue in 2020 will be between 3.8 billion and 4.2 billion yuan, potentially reaching a minimum annual growth rate of 26%.</p><p>According to the latest data disclosed by Luckin Coffee, as of the end of June this year, it had more than 5,200 stores in China, including about 4,000 directly operated stores and more than 1,000 partner stores. Luckin Coffee previously disclosed that its strategic focus has shifted from rapid expansion to targeted expansion, with plans to open 4,800 to 6,900 directly operated stores by 2023.</p><p>After completing its debt and capital restructuring, Luckin Coffee is attempting to re-establish its connections with the capital market. However, whether this chain coffee shop, which has experienced financial scandals, can completely turn things around remains to be seen by the market.</p>","source":"lsy1568072423709","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>Luckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.</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\">\nLuckin Coffee's dramatic reversal, Centurium Capital emerges as the winner.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">大摩财经</strong><span class=\"h-time small\">2021-07-20 11:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A year ago, Luckin Coffee was delisted in a sorry state amid a financial fraud scandal, becoming a disgrace to Chinese concept stocks.</p><p>This chain coffee shop brand, founded by Fujian businessman Lu Zhengyao and his \"Shenzhou Group\" team, took only 17 months from opening its first store to going public, and only 13 months from going public to delisting. It raised nearly $1.6 billion in funding after its IPO and listing, with a peak market capitalization of $12 billion, creating the \"Luckin Coffee Myth\". However, the \"myth\" built up by fraudulent transactions was soon shattered. When Luckin Coffee was delisted, its market capitalization was only $350 million, which led to the collapse of Lu Zhengyao's \"Shenzhou Group\"—including CAR Inc., UCAR Inc., and Borgward Auto.</p><p>But just after being almost forgotten by the capital market, Luckin Coffee has rebounded dramatically in the US pink sheet market over the past year. Starting from a low of $0.95 when it was delisted and entered the pink sheet market in July 2020, Luckin Coffee rose to a high of $15.65 last week, a cumulative increase of 15 times. Since the official release of the 2019 financial report on June 30, the highest increase in half a month has been nearly 70%. As of July 16, Luckin Coffee closed at $12.88, with a market capitalization of $3.722 billion, ten times its delisted market capitalization.</p><p><img src=\"https://static.tigerbbs.com/b4e271afaef9c3d48728fe0003b1a982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley Finance noted that Lu Zhengyao and his entourage were purged from Luckin Coffee after the financial fraud scandal broke out. Centurium Capital, a former ally who had turned against Lu Zhengyao, now effectively controls Luckin Coffee and has become a key force and the biggest beneficiary of Luckin Coffee's desperate restructuring.</p><p><b>Reorganization of Luckin Coffee</b></p><p>Luckin Coffee went public on Nasdaq in May 2019. In early 2020, it was shorted by an anonymous report released by Muddy Waters. In April of that year, it was exposed for financial fraud, which triggered a series of subsequent turmoil. On June 30, 2020, Luckin Coffee was delisted and transferred to the US stock pink sheet market.</p><p>In July of that year, China's Ministry of Finance investigated and disclosed that from April 2019 to the end of 2019, Luckin Coffee inflated its transaction volume by 2.246 billion yuan, its revenue by 2.119 billion yuan, and its profit by 908 million yuan by fabricating commodity vouchers. This also means that Luckin Coffee's performance myth is largely fictional.</p><p>Bearing the notoriety of delisting due to financial fraud, Luckin Coffee was universally hated and plunged into trouble. It was not only embroiled in class-action lawsuits by investors and SEC investigations in the United States, but also experienced internal governance disputes between Lu Zhengyao's faction and other shareholders such as Centurium Capital. At the same time, Luckin Coffee's delisting also triggered a default clause, leading to a lawsuit filed by creditors in the Cayman Islands court demanding bankruptcy liquidation of Luckin Coffee. The court appointed a provisional liquidator for \"low-level intervention\".</p><p>The turning point was Lu Zhengyao's exit from Luckin Coffee.</p><p>In July of last year, the Luckin Coffee stake controlled by the Lu Zhengyao family through entities such as Haode was ordered by the British Virgin Islands court to be placed under trusteeship and liquidation by KPMG due to a sharp drop in stock price and default on pledged loans. The family lost all their shares and subsequently lost the board battle. In September 2020, the reorganized board of directors of Luckin Coffee, driven by shareholders such as Centurium Capital, completely bid farewell to the Lu Zhengyao era, and professional managers such as Guo Jinyi took over. Although Lu Zhengyao and his faction caused a stir in early 2021 by reporting Guo Jinyi, it did not have any impact.</p><p>However, Luckin Coffee's mess still needs to be cleaned up. Fortunately, at the end of 2020, Luckin Coffee reached a settlement agreement with the SEC for a $180 million fine, eliminating U.S. regulatory risks. Meanwhile, the provisional liquidator appointed by Luckin Coffee filed its first notice with the Grand Court of the Cayman Islands in December 2020, stating that Luckin Coffee still had more than $700 million in cash on hand, sufficient to repay its debts, and that Luckin Coffee's business was still operating normally. In fact, it achieved overall store profitability for the first time in August of that year, indicating that Luckin Coffee's situation was not bad.</p><p>Next, Luckin Coffee accelerated its debt and capital restructuring this year. In February 2021, Luckin Coffee declared bankruptcy in New York as a procedural step in debt restructuring. In March 2021, Luckin Coffee announced that it had reached a restructuring agreement (RSA) with its major bondholders, which included raising US$250 million and reducing the registered capital of its domestic entity to fulfill the restructuring debt.</p><p>It is worth mentioning that in April 2020, after the financial fraud scandal broke out, Luckin Coffee surged its registered capital from US$1.55 billion to US$2.05 billion. In May of this year, Luckin Coffee completed a $250 million capital reduction for debt restructuring.</p><p>But there is another key question: who will continue to invest in Luckin Coffee after the financial scandal? As it turned out, it was Centurium Capital and Joy Capital, long-time friends and major investors in Luckin Coffee, who ultimately made the move.</p><p><b>Winner Li Hui</b></p><p>Li Hui and Liu Erhai were once staunch supporters of Lu Zhengyao. When they worked at Warburg Pincus and Lenovo Holdings respectively, they jointly invested in Shenzhou-affiliated companies such as Car Rental and UCAR. After founding Centurium Capital and Joy Capital respectively, they jointly invested in Luckin Coffee.</p><p>Li Hui's Centurium Capital is Luckin Coffee's largest institutional investor. Shortly after its founding, Centurium Capital raised its first US dollar fund in 2018 (with a total size of US$2 billion). Its first investment project was Luckin Coffee, with a total investment of nearly US$180 million. When Luckin Coffee went public, Centurium Capital held more than 14% of the shares, making it the third largest shareholder after Lu Zhengyao and Qian Zhiya.</p><p>In January 2020, at the peak of its stock price, Luckin Coffee raised another $900 million through the issuance of new shares and convertible bonds. At the same time, Centurium Capital reduced its holdings at a high price of $42 per ADS, cashing out $230 million, achieving a significant profit. Compared to Joyful Capital, which insisted on \"not selling a single share,\" Li Hui's Centurium Capital perfectly cashed out its investment in Luckin Coffee, demonstrating the high level of a shrewd investor.</p><p>After the Luckin Coffee financial scandal broke out, Li Hui quickly and publicly broke with Lu Zhengyao, engaging in a contest with the latter over board seats and corporate governance rights. After Lu Zhengyao's shares were liquidated, he became the biggest influential figure in Luckin Coffee.</p><p>According to the equity structure disclosed by Luckin Coffee, as of May 31, 2021, Luckin Coffee's total share capital was 1.88 billion Class A shares and 144 million Class B shares. Centurium Capital held all 144 million Class B shares, or 7.15% of Luckin Coffee's equity. Since Class B shares have super voting rights, Centurium Capital holds 43.50% of Luckin Coffee's voting rights. Joy Capital holds 5.30% of the shares and 3.22% of the voting rights.</p><p>However, Centurium Capital further increased its stake in Luckin Coffee through a new round of financing.</p><p>In April 2021, Luckin Coffee announced that it had reached a new round of financing agreement totaling US$250 million with its shareholders, Centurium Capital and Joy Capital. According to the investment agreement, Centurium Capital subscribed for $240 million in senior convertible preferred shares, and Joy Capital subscribed for $10 million at a subscription price of $6.50 per ADS (equivalent to 8 shares). If Luckin Coffee's debt restructuring plan is completed, the two parties can invest an additional US$150 million year-on-year.</p><p>The latest data shows that Luckin Coffee has a total share capital of 289 million shares. Based on this, it is estimated that Centurium Capital's $240 million in convertible preferred shares have recently been fully converted. This also means that Centurium Capital's stake in Luckin Coffee has increased to 17.2%, and its voting rights have increased to 45.2%.</p><p>It is worth mentioning that when Centurium Capital invested $6.50 per ADS to subscribe for convertible preferred shares in April, the share price of Luckin Coffee powder was about $9-10 per ADS. Centurium Capital was essentially buying at a significant discount, and it has doubled in size in just three months, making another huge profit.</p><p>Li Hui's reduction and increase in holdings in Luckin Coffee were meticulously timed.</p><p><b>Does Luckin Coffee still have a</b></p><p>It is worth noting that since the beginning of this year, the coffee chain business has once again attracted the attention of capital. Manner Coffee announced the completion of a new round of financing in June, with a valuation of nearly $3 billion. However, Manner currently only has more than 130 stores, compared to Luckin Coffee, which started as early as 2018, which had 4,500 stores by the end of 2019.</p><p>Luckin Coffee just reissued its 2019 financial report on June 30 this year and stated that it will release its 2020 financial report as soon as possible. According to Luckin Coffee's audited 2019 financial report, revenue in 2018 and 2019 was RMB 840 million and RMB 3.025 billion, respectively, while net losses in the same period were RMB 1.619 billion and RMB 3.16 billion, respectively.</p><p>A report by Luckin Coffee's temporary liquidators at the end of last year revealed that Luckin Coffee achieved overall store profitability for the first time in August 2020, with more than 60% of its stores achieving store profitability in November 2020. In the first three quarters of 2020, Luckin Coffee achieved revenue of 2.69 billion yuan, a year-on-year increase of 34.5%. Some organizations predict that Luckin Coffee's revenue in 2020 will be between 3.8 billion and 4.2 billion yuan, potentially reaching a minimum annual growth rate of 26%.</p><p>According to the latest data disclosed by Luckin Coffee, as of the end of June this year, it had more than 5,200 stores in China, including about 4,000 directly operated stores and more than 1,000 partner stores. Luckin Coffee previously disclosed that its strategic focus has shifted from rapid expansion to targeted expansion, with plans to open 4,800 to 6,900 directly operated stores by 2023.</p><p>After completing its debt and capital restructuring, Luckin Coffee is attempting to re-establish its connections with the capital market. However, whether this chain coffee shop, which has experienced financial scandals, can completely turn things around remains to be seen by the market.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://finance.sina.com.cn/tech/csj/2021-07-20/doc-ikqcfnca7893423.shtml\">大摩财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{"LKNCY":"瑞幸咖啡"},"source_url":"http://finance.sina.com.cn/tech/csj/2021-07-20/doc-ikqcfnca7893423.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145131753","content_text":"一年前,瑞幸咖啡在财务造假丑闻中狼狈退市,成为中概股之耻。\n这个由福建商人陆正耀与其“神州系”团队创办的连锁咖啡店品牌,从开出第一家门店到上市仅用了17个月,从上市到退市只用了13个月,IPO及上市后融资近16亿美元,最高市值120亿美元,创造了“瑞幸神话”。但很快,虚假交易堆砌的“神话”破碎,瑞幸咖啡退市时只剩下3.5亿美元市值,并连带导致陆正耀的“神州系”——包括神州租车、神州优车、宝沃汽车等——陆续崩盘。\n但就在几乎被资本市场遗忘之后,瑞幸咖啡过去一年在美股粉单市场绝地反弹。从2020年7月退市进入粉单市场交易时的最低0.95美元开始,瑞幸咖啡上周最高涨至15.65美元,累计涨幅高达15倍;在6月30日正式发布了2019年财报起,半个月的最高涨幅近70%。截止7月16日,瑞幸咖啡收盘价12.88美元,市值37.22亿美元,是退市市值的十倍。\n\n大摩财经注意到,陆正耀及其势力在财务造假丑闻爆发后,已被清洗出瑞幸咖啡,与陆正耀反目的昔日盟友大钲资本已实际掌控瑞幸咖啡,并成为瑞幸咖啡绝地重组的关键力量和最大获益者。\n重组瑞幸\n瑞幸咖啡在2019年5月赴纳斯达克上市,2020年初被浑水发布的匿名报告做空,当年4月被曝存在财务造假行为,引发一系列后续动荡。2020年6月30日瑞幸退市转至美股粉单市场。\n当年7月,中国财政部调查后披露,自2019年4月至2019年末,瑞幸咖啡通过虚构商品券增加交易额22.46亿元,虚增收入21.19亿元,虚增利润9.08亿元。这也意味着,瑞幸咖啡编织的业绩神话很大部分纯属虚构。\n背负财务造假退市恶名,彼时的瑞幸咖啡可谓人人喊打、跌入谷底,不仅在美国陷入投资者集体诉讼及SEC调查的麻烦,内部还出现陆正耀派系与大钲资本等其他股东的治理纷争。与此同时,瑞幸咖啡退市还触发了违约条款,遭到债权人在开曼法院起诉要求对瑞幸咖啡破产清算。法院指定了临时清算人进行“低度干预”。\n事情的转折点是陆正耀从瑞幸咖啡出局。\n去年7月,陆正耀家族通过Haode等实体控制的瑞幸咖啡股权由于股价暴跌、质押贷款违约,被英属维尔京群岛法院判决由KPMG托管清算,失去了所有股权,进而在董事会之争中失利。2020年9月,在大钲资本等股东推动下改组后的瑞幸咖啡董事会,与陆正耀时代彻底告别,郭谨一等职业经理人上位。虽然陆正耀及其派系在2021年初闹出了举报郭谨一事件,但并没有造成影响。\n不过,瑞幸咖啡的烂摊子仍待收拾。所幸的是,2020年底,瑞幸咖啡与SEC达成了1.8亿美元罚款的和解协议,消除了美国监管风险。与此同时,瑞幸咖啡任命的临时清盘人在2020年12月向开曼群岛大法院递交首份公告,表示瑞幸账上仍有超过7亿美元现金足够偿债,瑞幸咖啡的业务仍经营正常甚至在当年8月首次实现了总体店面盈利,说明瑞幸咖啡的局面还不算糟糕。\n接下来,瑞幸咖啡在今年加速了债务和资本重组。2021年2月,瑞幸咖啡在纽约宣布破产,作为债务重组的程序性一步。2021年3月,瑞幸咖啡表示已和主要债券持有人达成了重组协议(RSA),其中包括进行融资2.5亿美元以及减少国内实体注册资本履行重组债务。\n值得一提的是,财务造假丑闻已经爆发后的2020年4月,瑞幸咖啡曾将注册资本从15.5亿美元猛增至20.5亿美元。今年5月,瑞幸咖啡完成了2.5亿美元的减资用于债务重组。\n但还有一个关键问题是,谁还会在财务丑闻之后继续投资瑞幸咖啡呢?事实证明,最终出手的还是老朋友、瑞幸咖啡的主要投资者大钲资本和愉悦资本。\n赢家黎辉\n黎辉、刘二海曾是陆正耀的坚定支持者,两人分别在华平资本、联想控股任职时就联合投资了神州租车、神州优车等神州系企业,又在分别创办大钲资本、愉悦资本后联合投资了瑞幸咖啡。\n黎辉的大钲资本是瑞幸咖啡的最大机构投资方。大钲资本创办后不久在2018年募集了首只美元基金(总规模20亿美元),出手投资的第一个项目就是瑞幸咖啡,总投资额接近1.8亿美元,瑞幸咖啡上市时大钲资本持股超过14%股权,是仅次于陆正耀和钱治亚的第三大股东。\n2020年1月,瑞幸咖啡在股价高点时通过发行新股和可转换债券再融资9亿美元,大钲资本同时以42美元/ADS的高价减持套现了2.3亿美元,“落袋为安”实现了大幅盈利。和坚持“一股没卖”的愉悦资本相比,黎辉的大钲资本在瑞幸咖啡身上做到了完美套现,体现了一个精明投资者的高段位。\n瑞幸咖啡财务丑闻爆发后,黎辉迅速公开与陆正耀决裂,围绕董事会席位和公司治理权与后者进行了一番较量,在陆正耀股权被清算后成为瑞幸咖啡最大的话事人。\n瑞幸咖啡披露的股权结构显示,截止2021年5月31日,瑞幸咖啡总股本为18.8亿A类股、1.44亿B类股,大钲资本持有全部1.44亿B类股即瑞幸咖啡7.15%的股权,由于B类股拥有超级投票权,大钲资本持有瑞幸咖啡43.50%的投票权。愉悦资本则持股5.30%、投票权为3.22%。\n不过,大钲资本通过新一轮融资进一步提升了在瑞幸咖啡的持股。\n2021年4月,瑞幸咖啡表示和公司股东大钲资本、愉悦资本达成了总额为2.5亿美元的新一轮融资协议。根据投资协议,大钲资本认购2.4亿美元的高级可转换优先股,愉悦资本认购1000万美元,认购价为每ADS(相当于8股)6.5美元。如果瑞幸咖啡债务重组计划完成,双方还可同比追加投资1.5亿美元。\n最新数据显示,瑞幸咖啡总股本为2.89亿股,以此推算,大钲资本的2.4亿美元可转换优先股在最近已全部完成了转换。这也意味着,大钲资本在瑞幸咖啡的持股上升为 17.2%、投票权增至 45.2%。\n值得一提的是,大钲资本在4月以6.5美元/ADS出资认购可转换优先股时,瑞幸咖啡粉单的股价约在9-10美元/ADS,大钲资本相当于以大幅折价抄底,至目前仅三个月就已翻倍,再次大赚一笔。\n黎辉在瑞幸咖啡的一次减持、一次增持,可谓步步算准了节拍。\n瑞幸还有机会吗\n值得注意的是,今年以来,咖啡连锁生意正重新受到资本的关注,Manner咖啡在今年6月宣布完成新一轮融资,估值达到近30亿美元。但Manner目前只有130多家门店,相比之下早在2018年就起跑的瑞幸咖啡门店数在2019年末就达到4500家。\n瑞幸咖啡在今年6月30日刚补发了2019年财报,并表示将尽快发布2020年财报。据瑞幸咖啡经审计的2019年财报,2018、2019年营收分别为8.4亿元、30.25亿元,同期净亏损分别为16.19亿元、31.6亿元。\n瑞幸咖啡临时清算人在去年底的报告披露,瑞幸咖啡已在2020年8月首次实现总体店面盈利,60%以上的门店都在2020年11月实现了店面盈利。2020年前三季度,瑞幸咖啡实现营收26.9亿元,同比增长34.5%。有机构预测称,瑞幸咖啡2020年的营收在38亿-42亿元之间,或达到最低26%的年增长率。\n瑞幸咖啡最新披露的数据显示,截止今年6月底国内门店数量超过5200家,其中包括约4000家直营店及超过1000家合作门店。瑞幸咖啡此前披露,其战略重点已从快速扩张转为针对性扩张,计划至2023年开设4800家-6900家直营店。\n在完成债务和资本重组后,瑞幸咖啡正在试图重新建立与资本市场的连接。不过,这家经历过财务丑闻的连锁咖啡店是否能彻底反转,仍需要市场的继续观察。","news_type":1,"symbols_score_info":{"LKNCY":0.9,"LK":0.9}},"isVote":1,"tweetType":1,"viewCount":4551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171044555,"gmtCreate":1626699530577,"gmtModify":1703763550057,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Hi, can share how to win from here ","listText":"Hi, can share how to win from here ","text":"Hi, can share how to win from here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171044555","isVote":1,"tweetType":1,"viewCount":3545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146529430,"gmtCreate":1626092363820,"gmtModify":1703753148788,"author":{"id":"4088856138378430","authorId":"4088856138378430","name":"IvyKongEF","avatar":"https://static.tigerbbs.com/da4ddacebbc2eb22e73cde0426d657cc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088856138378430","idStr":"4088856138378430"},"themes":[],"title":"","htmlText":"Smile","listText":"Smile","text":"Smile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146529430","repostId":"1114863871","repostType":4,"repost":{"id":"1114863871","kind":"news","pubTimestamp":1626039626,"share":"https://ttm.financial/m/news/1114863871?lang=en_US&edition=fundamental","pubTime":"2021-07-12 05:40","market":"us","language":"en","title":"Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1114863871","media":"Barron's","summary":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a","content":"<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.</p>\n<p>Other major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.</p>\n<p>The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.</p>\n<p>Investors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.</p>\n<p><img src=\"https://static.tigerbbs.com/1508a89eaa3fb959feaaa832797a2c48\" tg-width=\"1176\" tg-height=\"360\"></p>\n<p><b>Monday 7/12</b></p>\n<p>FedExhosts a conference call to update the investment community on its business outlook.</p>\n<p><b>Tuesday 7/13</b></p>\n<p>JPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.</p>\n<p>Conagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.</p>\n<p>Dell Technologieshosts a conference call to discuss its ESG strategy.</p>\n<p><b>The Bureau of Labor</b> Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.</p>\n<p><b>The National Federation</b> of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.</p>\n<p><b>Wednesday 7/14</b></p>\n<p>Bank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.</p>\n<p><b>The Federal Reserve</b> releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.</p>\n<p><b>The BLS releases</b> the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.</p>\n<p><b>Thursday 7/15</b></p>\n<p>Bank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.</p>\n<p><b>Friday 7/16</b></p>\n<p>Charles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.</p>\n<p><b>The Bank of Japan</b> announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.</p>\n<p><b>The University of Michigan</b> releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.</p>\n<p><b>The Census Bureau</b> reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.</p>","source":"lsy1610680873436","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>Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nChase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 05:40 GMT+8 <a href=https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","WFC":"富国银行","C":"花旗","GS":"高盛","BAC":"美国银行","MS":"摩根士丹利","TSM":"台积电"},"source_url":"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114863871","content_text":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.\nOther major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.\nThe week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.\nInvestors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.\n\nMonday 7/12\nFedExhosts a conference call to update the investment community on its business outlook.\nTuesday 7/13\nJPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.\nConagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.\nDell Technologieshosts a conference call to discuss its ESG strategy.\nThe Bureau of Labor Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.\nThe National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.\nWednesday 7/14\nBank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.\nThe Federal Reserve releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.\nThe BLS releases the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.\nThursday 7/15\nBank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.\nFriday 7/16\nCharles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.\nThe University of Michigan releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.\nThe Census Bureau reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.","news_type":1,"symbols_score_info":{"JPM":0.9,"TSM":0.9,"BAC":0.9,"MS":0.9,"GS":0.9,"WFC":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":4103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}