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山风_8300
山风_8300
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2021-06-29
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Netflix's Next Step: Becoming Disney?
面对大举反攻的影视巨头,Netflix 虽然已经开始赚钱,但这远远不够。 Netflix 开始学习迪士尼了。 就在爱优腾还在和短视频行业较劲的当口,早已盈利的 Netflix 推出了 Netflix
Netflix's Next Step: Becoming Disney?
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山风_8300
山风_8300
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2021-06-29
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Market Overview: The top spot in the Shenzhen Stock Exchange has changed hands! Haidilao is booming against the trend.
港股 港股三大指数全日呈单边下跌行情,市场整体情绪表现平淡。截至收盘,恒指跌0.94%报28994点,国指跌0.98%报10757点,恒生科技指数跌0.91%报8201点。 盘面上,石油板块跌幅居前
Market Overview: The top spot in the Shenzhen Stock Exchange has changed hands! Haidilao is booming against the trend.
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山风_8300
山风_8300
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2021-06-29
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With 61 consecutive limit-up days, what kind of "strange trend" has swept through the most outperforming ST stocks?
如果问今年最妖的股是哪只,那一定非*ST众泰莫属。 今年以来,*ST众泰在100多个交易日狂拉61个涨停,成为A股涨停王,股价也从年初的1.34元飙升至目前的7.5元,足足涨了460%,股价翻了5倍!
With 61 consecutive limit-up days, what kind of "strange trend" has swept through the most outperforming ST stocks?
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山风_8300
山风_8300
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2021-06-29
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Blue City Brothers'"Same Sex" Business Experience
蓝城兄弟作为亚洲LGBTQ群体的隐秘聚集地,在流量到顶后能否走通流量变现的闭环? 6月中旬,号称“粉红第一股”的蓝城兄弟(Blued)公布了一季度财报,这家专注于LGBTQ垂直社交的企业交上了一份看
Blue City Brothers'"Same Sex" Business Experience
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山风_8300
山风_8300
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2021-06-29
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山风_8300
山风_8300
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2021-06-29
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山风_8300
山风_8300
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2021-06-29
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山风_8300
山风_8300
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2021-06-29
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Dingdong Maicai set its IPO price at the bottom of its guidance range at $23.5 per ADS.
叮咚买菜据悉将美股IPO价格定在指导区间的底部23.5美元/ADS。 相关阅读 即将上市的叮咚买菜再次更新招股书,其筹资规模大幅缩减至此前额度的四分之一。最新的招股书显示,叮咚买菜首次公开发行370万
Dingdong Maicai set its IPO price at the bottom of its guidance range at $23.5 per ADS.
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山风_8300
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2021-06-29
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Tesla propelled CATL to the "center stage".
宁德时代最近成为新能源界的C位担当,一是因为董事长曾毓群暴涨的身价,二是因为和特斯拉的一纸电池合约。 6月28日,宁德时代发布公告称,公司已与特斯拉签订协议,将在2022年1月至2025年12月期间,
Tesla propelled CATL to the "center stage".
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山风_8300
山风_8300
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2021-06-29
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Warren Buffett summarized 8 valuable experiences and lessons from the pandemic.
许多人成功的方法之一是把每一次危机都当作一个机会来对待。尽管巴菲特向慈善机构捐赠了数十亿美元,但他的净资产在今年3月突破了1000亿美元大关。巴菲特不仅变得更富有,还为其他投资者带来了一些宝贵的经验教
Warren Buffett summarized 8 valuable experiences and lessons from the pandemic.
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15:54","market":"us","language":"zh","title":"Netflix's Next Step: Becoming Disney?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138372330","media":"极客公园","summary":"面对大举反攻的影视巨头,Netflix 虽然已经开始赚钱,但这远远不够。\nNetflix 开始学习迪士尼了。\n就在爱优腾还在和短视频行业较劲的当口,早已盈利的 Netflix 推出了 Netflix ","content":"<p>Faced with a major counterattack by film and television giants, Netflix has already started to make money, but this is far from enough.</p><p>Netflix Start Learning<a href=\"https://laohu8.com/S/DIS\">Disney</a>That's it.</p><p>Just as iYoo and Tencent were still competing with the short video industry, the already profitable Netflix launched Netflix Shop, entering the e-commerce field for the first time.</p><p>The Netflix Shop currently has a limited number of items available, only 18. Among them are as high as $135.<a href=\"https://laohu8.com/S/300024\">Robot</a>Alarm clocks, $30 T-shirts, but mostly clothing priced between $30 and $80. In the future, Netflix will also launch series of products such as \"Stranger Things\" and \"Witcher\".</p><p><b>What these products have in common is that they are all peripheral products of Netflix's IP.</b></p><p>This inevitably brings to mind Disney, a top player in the IP licensing market. According to data from the International Licensing Industry Association (LIMA), global sales of licensed merchandise reached $292.8 billion in 2019. Disney, ranked first, accounted for $54.7 billion, a figure twice Netflix's total revenue in 2020.</p><p>Clearly, Netflix is targeting the IP licensing pie. Behind this lies Netflix's hidden concerns and ambitions.</p><p><b>Netflix's hidden concerns</b></p><p>2020 was almost the best year since Netflix was born. Due to the pandemic and people staying at home, many people have shifted their entertainment activities online. As a result, Netflix gained 37 million paying subscribers, breaking the company's growth record, and the total number of paying subscribers also historically exceeded 200 million. Correspondingly, full-year profits increased by 76%.</p><p>This company, which was founded in the DVD rental business, timely shifted to the streaming business at the end of the golden age of television. Since then, it has achieved double-digit growth in paying users every year.</p><p><b>As a company with a market capitalization of $230 billion, Netflix's business model is extremely simple—producing high-quality content to attract consumers to pay for subscriptions.</b>In 2019, 98.52% of Netflix's revenue came from membership fees. By analogy with domestic long-form video platforms<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Membership fees account for only about 50% of its total revenue, with the rest mainly coming from online advertising and content distribution. It can be said that Netflix's revenue growth depends entirely on the growth of its users.<b>The other side of this statement is that if paying users cannot continue to grow, Netflix's business model will face a crisis.</b></p><p>Netflix, a pioneer of streaming platforms and with the largest user base, may have hit its user ceiling sooner. Streaming platforms are essentially robbing pay-TV users. Taking the US pay TV market as an example, after reaching a peak of 101 million paid subscribers in 2011, it has been declining year by year. Netflix currently has approximately 67 million users in the United States, meaning that more than half of its potential users have already paid for Netflix. In the first quarter of 2021, Netflix added only 4 million new users, lower than the expected 6 million, and its stock price fell by 11%.</p><p>A poor quarterly performance isn't a serious problem for Netflix; what's truly damaging is that its market share may be being eroded by competitors.</p><p>In response to revenue pressure from slowing user growth, Netflix has raised membership fees five times. The most recent incident occurred in October 2020, when the basic plan remained unchanged at $8.99, while the standard and basic plans increased by $1 and $2 respectively to $13.99 and $17.99.</p><p>This price is not much different from Netflix's main competitors for over a decade, HBO NOW ($14.99 ad-free) and HULU ($11.99 ad-free), but it is comparable to Disney.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Compared to these ambitious new generation entrants, they have little advantage. Disney+ costs just $7.99 a month, and Apple TV+ costs even less at just $4.99.</p><p>The past year has been almost a period of global streaming, with giants Disney, Apple, and Paramount entering the market one after another.</p><p>During the first quarter earnings call, when asked about his views on the current competition, Netflix founder Reed Hastings responded: \"Obviously, new competition is always there. But when we look at past data, the company has been growing because we are also very confident.\"</p><p>The confidence of the founders is one aspect, but the encroachment of Netflix by the giants is also real. In 2020, Netflix's market share of original programming fell from 56% at the beginning of the year to 50%.</p><p><img src=\"https://static.tigerbbs.com/e3168aceb52ba01af09cfda9ca74654a\" tg-width=\"1080\" tg-height=\"466\" referrerpolicy=\"no-referrer\">Global market share of original programs. Data Source Parrot Analytics. Image source:<a href=\"https://laohu8.com/S/NYT\">New York times</a></p><p>Behind this lies the loss of content from Netflix. Due to the launch of Disney+, Netflix removed a series of Disney IP content from its platforms. HBO also regained the copyrights to works such as \"Friends,\" \"The Big Bang Theory,\" and Studio Ghibli. Similarly, the veteran sitcom \"The Office\" has also been reclaimed by NBC.</p><p>Netflix original dramas account for only 30% of the total viewing time of subscribers, with the rest coming from external copyrights. According to data from CBN magazine, the top three longest-running Netflix shows in 2018 were \"The Office,\" \"Friends,\" and \"Grey's Anatomy.\" New content may be key to driving user growth, but existing viewers tend to choose works they are familiar with.</p><p>Netflix, which has been focusing on original content, has withdrawn most of its production plans due to the pandemic. Currently, Netflix does not have any major return series.</p><p>Netflix's model is somewhat like a one-off deal. After watching a series, users no longer have contact with it. Netflix's Stranger Things and House of Cards have a large number of die-hard fans, but a single subscription payment model cannot fully tap into the value of these IPs. This creates a strange phenomenon: on one side are fans holding banknotes and shouting \"Shut up and take my money,\" while on the other side are official fans who remain \"indifferent.\"</p><p><img src=\"https://static.tigerbbs.com/e8ff18c69d2bd4df4d5c3788a0149e63\" tg-width=\"399\" tg-height=\"380\" referrerpolicy=\"no-referrer\">Image source: memegenetator</p><p>Last year, Netflix's original documentary \"Tiger King\" was watched by 34.3 million people within 10 days of its release, making it Netflix's most successful series. A large number of Tiger King merchandise immediately appeared on the e-commerce brand Esty. But without exception, they were all counterfeits.</p><p>A search for \"Tiger King\" on Esty still yields 8195 results. Image source: Esty</p><p>This makes it easy to understand why Netflix launched an online store. On Netflix's official blog, Josh Simon, head of the Netflix Shop and vice president of consumer products, wrote:<b>We like to see good stories go beyond the screen and become a part of people's lives.</b>」「<b>We've been thinking about how to expand our story world for our fans, from costumes and toys to immersive events and games.</b>That's why today we're launching Netflix.shop, an exciting new destination that combines curated products and rich stories into a unique Netflix shopping experience.</p><p>These words are all about one thing:<b>We want to be Disney!</b></p><p><b>Disney Magic</b></p><p>In 1929, a man went to a hotel and approached Walter Disney, offering $300 to have Mickey Mouse's image printed on his desk. This $300 became Disney's first \"franchise\" revenue. Nearly a century later, that $300 became a $54.7 billion business.</p><p>Flipping through Disney's list of IPs, you'll find it's an almost endless list. In addition to its own original IPs, such as Mickey Mouse, Winnie the Pooh, Disney princesses, and The Lion King, Disney also aggressively acquired Pixar, Marvel, Lucasfilm, and 20th Century Fox in the first 20 years of the 21st century. In other words, apart from Mickey Mouse, all the IPs you are familiar with, such as the Avengers, Star Wars, Avatar, and Toy Story, belong to Disney.</p><p>Family portraits of Disney IP characters. Image source: psu.edu</p><p>According to TitleMax's 2019 data, eight of the world's 20 most profitable IPs originated from Disney, with a cumulative economic value of $355.182 billion. Winnie the Pooh, Mickey Mouse, and Star Wars ranked 3rd, 4th, and 5th respectively. These old IPs, which are over 40 years old or even nearly a century old, still explode with amazing vitality.</p><p><img src=\"https://static.tigerbbs.com/e949ad901d47454456f46fa01087221f\" tg-width=\"1080\" tg-height=\"3408\" referrerpolicy=\"no-referrer\">The remaining Disney IPs in the TOP 20 are Disney Princesses at number 7, the Marvel Cinematic Universe at number 11, Spider-Man at number 12, Car Story at number 18, and Toy Story at number 19. Image source: TITLEMAX</p><p>In Hollywood, there is a famous locomotive theory:<b>Films themselves may not make money, but they must drive the development of related products.</b>。 Walt Disney clearly understood this well. As early as 1957, he drew a sketch that clearly described Disney's business model.</p><p><img src=\"https://static.tigerbbs.com/4c6a77415a665f0ec24a5f0dc2a0a794\" tg-width=\"596\" tg-height=\"529\" referrerpolicy=\"no-referrer\">The Disney business model drawn by Walt Disney. Image source: kottke.org</p><p>In this sketch, film studios are clearly central, with music, television, licensed merchandise, theme parks, and publications all surrounding them. Take magazines, for example. Movies provide articles for magazines, and magazines can promote movies and Disneyland. Each part is closely linked, cooperates with each other, and complements each other.</p><p>To this day, Disney has not deviated from the underlying logic of this model. Disney never views its animated characters as disposable consumer goods, but rather as a gold mine for long-term consumption. When Disney makes a movie, the company doesn't just consider the movie itself, but how to translate the story into goods, services, experiences, and other derivative products. As former Disney CFO Jay Rasulo said, \"Every aspect of the company is brand- and franchise-oriented.\"</p><p>Today, Disney's model is called<b>Round revenue</b>。</p><p>First, Disney will release movies centered on IP stories at high costs to earn its first round of revenue through box office revenue.</p><p>Disney will then sell the film rights to streaming platforms to earn a second round of revenue.</p><p>Meanwhile, with each new movie released, Disney adds corresponding new characters to the theme park, generating a third round of revenue through Disneyland.</p><p>Finally, earn the fourth round of income through franchising, publishing, retail, etc.</p><p>Through these four rounds of revenue generation, Disney has clearly \"squeezed out\" the profits from every IP. These diverse revenue streams give Disney a key advantage over Netflix, further extending the vitality of its IPs.</p><p><b>Build love for stories and turn love into money</b></p><p>Unlike Disney, Netflix has no plans to establish offline stores. Currently, Netflix has partnered with Target,<a href=\"https://laohu8.com/S/WMT\">Walmart</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Retailers such as H&M and Sephora have signed licensing agreements for hundreds of peripheral products.</p><p>Netflix has also developed an online store system with e-commerce platform Shopify. Previously, Shopify has provided technical support for Allbirds, Kith, The New York Times, and Kim Kardashian's brand Skims.</p><p>Simon, the project leader at Netflix Shop, spent six years at Disney Studios as the production and development director.</p><p>This information seems to demonstrate Netflix's determination: \"Hey! We're not just playing around, we're serious!\"</p><p>For years, Netflix has avoided whether it is an entertainment or technology company. Just recently, Netflix founder Hastings declared, \"We really are an entertainment company.\"</p><p>According to Matthew Ball, a former Amazon Studio executive,<b>Essentially, an entertainment company does only three things:</b></p><p><ol><li><b>Creating/Telling Stories</b></p><p></li><li><b>Build love for these stories</b></p><p></li><li><b>Turn love into money</b></p><p></li></ol>By this standard, Disney is undoubtedly the best company on the planet. Think about it, how many little girls want to wear Elsa's blue dress while visiting Disneyland? How many parents would pay for this?</p><p>Netflix has done a good enough job of storytelling and building love, but can it turn love into money?</p><p>Mark A. Cohen, director of retail research at Columbia Business School, expressed skepticism: \"Most of them (Netflix's hit shows) have a short shelf life, unlike Disney's IP, which is a long journey of a generation.\"</p><p>Despite a great deal of uncertainty, this is undoubtedly Netflix's best financial year yet. The company has borrowed a total of $16 billion over the past 10 years. At the end of last year, Netflix stated in its fourth-quarter earnings report that it no longer needed to seek borrowing to finance the company. In other words, Netflix has become a truly profitable company.</p><p>Meanwhile, its other streaming competitors are still losing money, including Disney.</p>","source":"jkgy","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>Netflix's Next Step: Becoming Disney?</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\">\nNetflix's Next Step: Becoming Disney?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">极客公园</strong><span class=\"h-time small\">2021-06-29 15:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Faced with a major counterattack by film and television giants, Netflix has already started to make money, but this is far from enough.</p><p>Netflix Start Learning<a href=\"https://laohu8.com/S/DIS\">Disney</a>That's it.</p><p>Just as iYoo and Tencent were still competing with the short video industry, the already profitable Netflix launched Netflix Shop, entering the e-commerce field for the first time.</p><p>The Netflix Shop currently has a limited number of items available, only 18. Among them are as high as $135.<a href=\"https://laohu8.com/S/300024\">Robot</a>Alarm clocks, $30 T-shirts, but mostly clothing priced between $30 and $80. In the future, Netflix will also launch series of products such as \"Stranger Things\" and \"Witcher\".</p><p><b>What these products have in common is that they are all peripheral products of Netflix's IP.</b></p><p>This inevitably brings to mind Disney, a top player in the IP licensing market. According to data from the International Licensing Industry Association (LIMA), global sales of licensed merchandise reached $292.8 billion in 2019. Disney, ranked first, accounted for $54.7 billion, a figure twice Netflix's total revenue in 2020.</p><p>Clearly, Netflix is targeting the IP licensing pie. Behind this lies Netflix's hidden concerns and ambitions.</p><p><b>Netflix's hidden concerns</b></p><p>2020 was almost the best year since Netflix was born. Due to the pandemic and people staying at home, many people have shifted their entertainment activities online. As a result, Netflix gained 37 million paying subscribers, breaking the company's growth record, and the total number of paying subscribers also historically exceeded 200 million. Correspondingly, full-year profits increased by 76%.</p><p>This company, which was founded in the DVD rental business, timely shifted to the streaming business at the end of the golden age of television. Since then, it has achieved double-digit growth in paying users every year.</p><p><b>As a company with a market capitalization of $230 billion, Netflix's business model is extremely simple—producing high-quality content to attract consumers to pay for subscriptions.</b>In 2019, 98.52% of Netflix's revenue came from membership fees. By analogy with domestic long-form video platforms<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Membership fees account for only about 50% of its total revenue, with the rest mainly coming from online advertising and content distribution. It can be said that Netflix's revenue growth depends entirely on the growth of its users.<b>The other side of this statement is that if paying users cannot continue to grow, Netflix's business model will face a crisis.</b></p><p>Netflix, a pioneer of streaming platforms and with the largest user base, may have hit its user ceiling sooner. Streaming platforms are essentially robbing pay-TV users. Taking the US pay TV market as an example, after reaching a peak of 101 million paid subscribers in 2011, it has been declining year by year. Netflix currently has approximately 67 million users in the United States, meaning that more than half of its potential users have already paid for Netflix. In the first quarter of 2021, Netflix added only 4 million new users, lower than the expected 6 million, and its stock price fell by 11%.</p><p>A poor quarterly performance isn't a serious problem for Netflix; what's truly damaging is that its market share may be being eroded by competitors.</p><p>In response to revenue pressure from slowing user growth, Netflix has raised membership fees five times. The most recent incident occurred in October 2020, when the basic plan remained unchanged at $8.99, while the standard and basic plans increased by $1 and $2 respectively to $13.99 and $17.99.</p><p>This price is not much different from Netflix's main competitors for over a decade, HBO NOW ($14.99 ad-free) and HULU ($11.99 ad-free), but it is comparable to Disney.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Compared to these ambitious new generation entrants, they have little advantage. Disney+ costs just $7.99 a month, and Apple TV+ costs even less at just $4.99.</p><p>The past year has been almost a period of global streaming, with giants Disney, Apple, and Paramount entering the market one after another.</p><p>During the first quarter earnings call, when asked about his views on the current competition, Netflix founder Reed Hastings responded: \"Obviously, new competition is always there. But when we look at past data, the company has been growing because we are also very confident.\"</p><p>The confidence of the founders is one aspect, but the encroachment of Netflix by the giants is also real. In 2020, Netflix's market share of original programming fell from 56% at the beginning of the year to 50%.</p><p><img src=\"https://static.tigerbbs.com/e3168aceb52ba01af09cfda9ca74654a\" tg-width=\"1080\" tg-height=\"466\" referrerpolicy=\"no-referrer\">Global market share of original programs. Data Source Parrot Analytics. Image source:<a href=\"https://laohu8.com/S/NYT\">New York times</a></p><p>Behind this lies the loss of content from Netflix. Due to the launch of Disney+, Netflix removed a series of Disney IP content from its platforms. HBO also regained the copyrights to works such as \"Friends,\" \"The Big Bang Theory,\" and Studio Ghibli. Similarly, the veteran sitcom \"The Office\" has also been reclaimed by NBC.</p><p>Netflix original dramas account for only 30% of the total viewing time of subscribers, with the rest coming from external copyrights. According to data from CBN magazine, the top three longest-running Netflix shows in 2018 were \"The Office,\" \"Friends,\" and \"Grey's Anatomy.\" New content may be key to driving user growth, but existing viewers tend to choose works they are familiar with.</p><p>Netflix, which has been focusing on original content, has withdrawn most of its production plans due to the pandemic. Currently, Netflix does not have any major return series.</p><p>Netflix's model is somewhat like a one-off deal. After watching a series, users no longer have contact with it. Netflix's Stranger Things and House of Cards have a large number of die-hard fans, but a single subscription payment model cannot fully tap into the value of these IPs. This creates a strange phenomenon: on one side are fans holding banknotes and shouting \"Shut up and take my money,\" while on the other side are official fans who remain \"indifferent.\"</p><p><img src=\"https://static.tigerbbs.com/e8ff18c69d2bd4df4d5c3788a0149e63\" tg-width=\"399\" tg-height=\"380\" referrerpolicy=\"no-referrer\">Image source: memegenetator</p><p>Last year, Netflix's original documentary \"Tiger King\" was watched by 34.3 million people within 10 days of its release, making it Netflix's most successful series. A large number of Tiger King merchandise immediately appeared on the e-commerce brand Esty. But without exception, they were all counterfeits.</p><p>A search for \"Tiger King\" on Esty still yields 8195 results. Image source: Esty</p><p>This makes it easy to understand why Netflix launched an online store. On Netflix's official blog, Josh Simon, head of the Netflix Shop and vice president of consumer products, wrote:<b>We like to see good stories go beyond the screen and become a part of people's lives.</b>」「<b>We've been thinking about how to expand our story world for our fans, from costumes and toys to immersive events and games.</b>That's why today we're launching Netflix.shop, an exciting new destination that combines curated products and rich stories into a unique Netflix shopping experience.</p><p>These words are all about one thing:<b>We want to be Disney!</b></p><p><b>Disney Magic</b></p><p>In 1929, a man went to a hotel and approached Walter Disney, offering $300 to have Mickey Mouse's image printed on his desk. This $300 became Disney's first \"franchise\" revenue. Nearly a century later, that $300 became a $54.7 billion business.</p><p>Flipping through Disney's list of IPs, you'll find it's an almost endless list. In addition to its own original IPs, such as Mickey Mouse, Winnie the Pooh, Disney princesses, and The Lion King, Disney also aggressively acquired Pixar, Marvel, Lucasfilm, and 20th Century Fox in the first 20 years of the 21st century. In other words, apart from Mickey Mouse, all the IPs you are familiar with, such as the Avengers, Star Wars, Avatar, and Toy Story, belong to Disney.</p><p>Family portraits of Disney IP characters. Image source: psu.edu</p><p>According to TitleMax's 2019 data, eight of the world's 20 most profitable IPs originated from Disney, with a cumulative economic value of $355.182 billion. Winnie the Pooh, Mickey Mouse, and Star Wars ranked 3rd, 4th, and 5th respectively. These old IPs, which are over 40 years old or even nearly a century old, still explode with amazing vitality.</p><p><img src=\"https://static.tigerbbs.com/e949ad901d47454456f46fa01087221f\" tg-width=\"1080\" tg-height=\"3408\" referrerpolicy=\"no-referrer\">The remaining Disney IPs in the TOP 20 are Disney Princesses at number 7, the Marvel Cinematic Universe at number 11, Spider-Man at number 12, Car Story at number 18, and Toy Story at number 19. Image source: TITLEMAX</p><p>In Hollywood, there is a famous locomotive theory:<b>Films themselves may not make money, but they must drive the development of related products.</b>。 Walt Disney clearly understood this well. As early as 1957, he drew a sketch that clearly described Disney's business model.</p><p><img src=\"https://static.tigerbbs.com/4c6a77415a665f0ec24a5f0dc2a0a794\" tg-width=\"596\" tg-height=\"529\" referrerpolicy=\"no-referrer\">The Disney business model drawn by Walt Disney. Image source: kottke.org</p><p>In this sketch, film studios are clearly central, with music, television, licensed merchandise, theme parks, and publications all surrounding them. Take magazines, for example. Movies provide articles for magazines, and magazines can promote movies and Disneyland. Each part is closely linked, cooperates with each other, and complements each other.</p><p>To this day, Disney has not deviated from the underlying logic of this model. Disney never views its animated characters as disposable consumer goods, but rather as a gold mine for long-term consumption. When Disney makes a movie, the company doesn't just consider the movie itself, but how to translate the story into goods, services, experiences, and other derivative products. As former Disney CFO Jay Rasulo said, \"Every aspect of the company is brand- and franchise-oriented.\"</p><p>Today, Disney's model is called<b>Round revenue</b>。</p><p>First, Disney will release movies centered on IP stories at high costs to earn its first round of revenue through box office revenue.</p><p>Disney will then sell the film rights to streaming platforms to earn a second round of revenue.</p><p>Meanwhile, with each new movie released, Disney adds corresponding new characters to the theme park, generating a third round of revenue through Disneyland.</p><p>Finally, earn the fourth round of income through franchising, publishing, retail, etc.</p><p>Through these four rounds of revenue generation, Disney has clearly \"squeezed out\" the profits from every IP. These diverse revenue streams give Disney a key advantage over Netflix, further extending the vitality of its IPs.</p><p><b>Build love for stories and turn love into money</b></p><p>Unlike Disney, Netflix has no plans to establish offline stores. Currently, Netflix has partnered with Target,<a href=\"https://laohu8.com/S/WMT\">Walmart</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Retailers such as H&M and Sephora have signed licensing agreements for hundreds of peripheral products.</p><p>Netflix has also developed an online store system with e-commerce platform Shopify. Previously, Shopify has provided technical support for Allbirds, Kith, The New York Times, and Kim Kardashian's brand Skims.</p><p>Simon, the project leader at Netflix Shop, spent six years at Disney Studios as the production and development director.</p><p>This information seems to demonstrate Netflix's determination: \"Hey! We're not just playing around, we're serious!\"</p><p>For years, Netflix has avoided whether it is an entertainment or technology company. Just recently, Netflix founder Hastings declared, \"We really are an entertainment company.\"</p><p>According to Matthew Ball, a former Amazon Studio executive,<b>Essentially, an entertainment company does only three things:</b></p><p><ol><li><b>Creating/Telling Stories</b></p><p></li><li><b>Build love for these stories</b></p><p></li><li><b>Turn love into money</b></p><p></li></ol>By this standard, Disney is undoubtedly the best company on the planet. Think about it, how many little girls want to wear Elsa's blue dress while visiting Disneyland? How many parents would pay for this?</p><p>Netflix has done a good enough job of storytelling and building love, but can it turn love into money?</p><p>Mark A. Cohen, director of retail research at Columbia Business School, expressed skepticism: \"Most of them (Netflix's hit shows) have a short shelf life, unlike Disney's IP, which is a long journey of a generation.\"</p><p>Despite a great deal of uncertainty, this is undoubtedly Netflix's best financial year yet. The company has borrowed a total of $16 billion over the past 10 years. At the end of last year, Netflix stated in its fourth-quarter earnings report that it no longer needed to seek borrowing to finance the company. In other words, Netflix has become a truly profitable company.</p><p>Meanwhile, its other streaming competitors are still losing money, including Disney.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/m--XabEJEHyLq5PY_bXcWw\">极客公园</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e2224e6b43e75f835dbd8bb6d8c4972c","relate_stocks":{"DIS":"迪士尼","NFLX":"奈飞","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://mp.weixin.qq.com/s/m--XabEJEHyLq5PY_bXcWw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138372330","content_text":"面对大举反攻的影视巨头,Netflix 虽然已经开始赚钱,但这远远不够。\nNetflix 开始学习迪士尼了。\n就在爱优腾还在和短视频行业较劲的当口,早已盈利的 Netflix 推出了 Netflix Shop,首次进入了电商领域。\nNetflix Shop 目前在售的商品数量还很有限,不过 18 种。其中有高达 135 美元的机器人闹钟,也有 30 美元的 T 恤,但主要还是价位在 30 至 80 美元的服饰。未来,Netflix 还会推出《怪奇物语》《猎魔人》等系列商品。\n这些商品的共同点在于——它们都是 Netflix 旗下 IP 的周边产品。\n这很难让人不联想到 IP 授权市场里的那个顶级玩家——迪士尼。根据国际授权业协会(LIMA)数据显示,2019 年全球授权商品的销售额为了 2928 亿美元。第一名迪士尼就占了 547 亿美元,这个数字,是 Netflix 2020 全年收入的两倍。\n显然,Netflix 瞄准了 IP 授权的蛋糕。这背后,是 Netflix 的隐忧,和野心。\nNetflix 的隐忧\n2020 年几乎是 Netflix 诞生以来最好的一年。因为疫情宅家的原因,许多人的娱乐活动都转向了线上。Netflix 也因此增长了 3700 万付费用户,打破了该公司的增长纪录,总付费用户数也历史性地突破 2 亿。相应的,全年利润增长了 76%。\n这家创立时做 DVD 租赁生意的公司,在电视黄金时代的末尾,及时转向了流媒体业务。此后年年实现了付费用户两位数以上的增长。\n作为一家市值 2300 亿美元的公司,Netflix 的商业模式却极其简单——生产优质内容,吸引消费者付费订阅。2019 年,Netflix 98.52% 的收入都来自会员费。类比国内的长视频平台爱奇艺,会员费仅占其总营收的约 50%,其它的收入主要来自在线广告和内容分发。可以说,Netflix 营收的增长完全取决于用户的增长。这句话的另一面是,一旦付费用户无法持续增长,Netflix 的商业模式就会迎来危机。\n作为流媒体平台的先驱和用户数量最庞大的 Netflix,可能更早撞上用户天花板。流媒体平台本质上是抢夺了付费电视的用户。以美国付费电视市场为例,在 2011 年付费用户达到 1.01 亿的顶峰后就逐年下滑。目前 Netflix 的美国用户约为 6700 万,也就是说,超过半数的潜在用户已经为 Netflix 买了单。就在 2021 年第一季度,Netflix 新增用户仅为 400 万,低于预期的 600 万,Netflix 的股价应声下跌了 11%。\n一个季度的糟糕表现对 Netflix 来说并不是什么严重的问题,真正伤筋动骨的是——Netflix 的市场份额可能正在被竞争对手蚕食。\n为了应对用户增长放缓带来的营收压力,Netflix 的会员费先后上涨过 5 次。最近的一次发生在 2020 年 10 月份, 基础套餐维持在 8.99 美元不变,标准和基础套餐别上涨了 1 美元和 2 美元,至 13.99 美元和 17.99 美元。\n这个价格与 Netflix 过于十几年来的主要竞争对手 HBO NOW(无广告版 14.99 美元)、HULU(无广告版 11.99 美元)差别不大,但是和迪士尼、苹果这些野心勃勃的新一代入场者相比,就没有什么优势了。迪士尼+的月费仅为 7.99 美元,苹果 TV+的费用甚至更低,仅为 4.99 美元。\n过去一年几乎是全球流媒体的战国时代,巨头迪士尼、苹果、派拉蒙相继入场。\n在今年一季度的财报分析会议上,当被问及如何看待当下的竞争时,Netflix 的创始人里德·黑斯廷斯(Reed Hastings)是这么回应的:「很明显,新的竞争一直存在。但是当我们翻看过往的数据,公司一直在保持增长,因为我们也很有信心。」\n创始人的信心是一方面,但巨头们对 Netflix 的蚕食也是实实在在。2020 年,Netflix 原创节目的市场份额从年初的 56% 跌至了 50%。\n全球原创节目市场份额。数据来源:Parrot Analytics。图片来源:纽约时报\n这背后,是 Netflix 的内容流失。因为迪士尼+的上线,Netflix 下架了一系列迪士尼 IP 内容。而 HBO,也拿回了《老友记》《生活大爆炸》、吉卜力工作室等作品的版权。同样的,老牌情景喜剧《办公室》也被 NBC 收回旗下。\n在订阅用户的观看时长中,Netflix 自制剧仅占总数的 30%,其它都来自外部版权。根据《第一财经》杂志的数据,2018 年 Netflix 播放时长前三的作品正是《办公室》《老友记》和《实习医生格蕾》。新内容可能是拉动用户增长的关键,但是对于老观众来说,他们更倾向于选择自己熟悉的作品。\n一直在原创内容发力的 Netflix,因为疫情的缘故,撤回了大部分制作计划。目前,Netflix 还没有任何大型的回归系列。\nNetflix 的模式多少像是一锤子买卖。用户观看完剧集后,就和这部剧不再发生联系。Netflix 旗下的《怪奇物语》《纸牌屋》有大批的死忠粉丝,但单一的订阅付费模式并不能完全挖掘这些 IP 的价值。这就出现了一种奇怪的现象:一边是手握钞票嗷嗷叫着「Shut up and take my money」的粉丝,一边是「无动于衷」的官方。\n图片来源:memegenetator\n去年 Netflix 自制纪录片《虎王》上线 10 天就有 3430 万人观看,是 Netflix 最成功的剧集。在电商品牌 Esty 上立刻出现了大量《虎王》周边。但无一列外,它们都是山寨的。\n在 Esty 上搜索「虎王」,仍有 8195 条结果。图片来源:Esty\n这就不难理解为什么 Netflix 要推出线上商城。在 Netflix 官方博客中,Netflix Shop 的负责人、消费品部门副总裁约什·西蒙(Josh Simon)如此写道:「我们喜欢看到好故事超越屏幕,成为人们生活的一部分。」「我们一直在考虑如何为粉丝们拓展我们的故事世界,从服装和玩具到身临其境的事件和游戏。这也是为什么今天我们推出 Netflix.shop,将其作为一个令人兴奋的新目的地,将精心策划的产品和丰富的故事结合在一个独特的 Netflix 购物体验中。」\n这字里行间都在说一件事:我们想要成为迪士尼!\n迪士尼魔法\n1929 年,有一个人到旅馆找到沃尔特·迪士尼(Walter Disney),拿出 300 美元,要求把米老鼠的形象印在写字桌上。这 300 美元成了迪士尼的第一笔「特许经营」收入。近百年后,这 300 美元成了 547 亿美元的大生意。\n翻开迪士尼的 IP 清单,你会发现这几乎是一本长不见底的名录。除了自有的原创 IP,如米老鼠、小熊维尼、迪士尼公主、狮子王等,迪士尼在 21 世纪的头 20 年还疯狂收购了皮克斯、漫威、卢卡斯影业、二十世纪福克斯。也就是说,除了米老鼠,你所熟悉的复仇者联盟、星球大战、阿凡达、玩具总动员这些 IP 全部都属于迪士尼。\n迪士尼旗下 IP 人物全家福。图片来源:psu.edu\n根据 TitleMax 2019 年的数据,全球最赚钱的 20 个 IP 中有 8 个来自迪士尼,累计经济价值达 3551.82 亿美元。其中小熊维尼、米老鼠、星球大战分别位列第 3、4、5 位。这些超过了 40 年甚至近百年的老 IP,依旧爆发出了惊人的生命力。\n其余 TOP 20 的迪士尼 IP 分别是第 7 位的迪士尼公主、11 位的漫威宇宙、12 位的蜘蛛侠、18 位的赛车总动员和 19 位的玩具总动员。图片来源:TITLEMAX\n在好莱坞,有一个著名的火车头理论:电影本身可以不赚钱,但它必须带动相关产品的发展。沃尔特·迪士尼显然深谙此道。早在 1957 年,他就画下了一张草图,清晰描述了迪士尼的商业模式。\n沃尔特·迪士尼画下的迪士尼商业模式。图片来源:kottke.org\n在这张草图中,电影制片厂处在了明确的中心位置,音乐、电视、授权商品、主题乐园和出版物都环绕在四周。拿杂志来说,电影为杂志提供了文章内容,杂志则可以宣传电影和迪士尼乐园。每一部分都紧密联系在一起,相互配合,相互补充。\n时至今日,迪士尼公司依旧没有脱离这套模式的底层逻辑。迪士尼从不把创作出的动画形象看成一次性消费品,而是作为一个可长久消费的金矿去深度挖掘。当迪士尼制作一部电影时,公司不仅仅是考虑电影本身,而如何将故事转化为商品、服务、体验和其它衍生产品。正如迪士尼前首席财务官杰·拉苏洛(Jay Rasulo)所说:「公司的每个方面都是面向品牌和特许经营的。」\n在今天,迪士尼的这种模式被叫做轮次收入。\n首先,迪士尼会以高成本推出以 IP 故事为核心的电影,通过票房赚取第一轮收入。\n然后,迪士尼会把影片版权卖给流媒体平台,赚取第二轮收入\n同时,迪士尼每推出一部新电影就会在主题乐园中增加相应的新人物,通过迪士尼乐园赚取第三轮收入。\n最后,通过特许经营、出版、零售等方式赚取第四轮收入。\n通过这四轮收入,迪士尼明明白白地「榨干」了每一个 IP 的利润。这些多种多样的盈利渠道使迪士尼比 Netflix 拥有了关键的优势,更加延续了旗下 IP 的生命力。\n为故事建立爱,把爱变成钱\n与迪士尼不同,Netflix 并没有建立线下门店的计划。目前,Netflix 已经和 Target、沃尔玛、亚马逊、H&M、丝芙兰等零售商签订了数百种周边产品的许可协议。\nNetflix 还和电商平台 Shopify 一起开发了线上商城系统。此前,Shopify 已经为 Allbirds、Kith、《纽约时报》和金·卡戴珊(Kim Kardashian)的品牌 Skims 提供过技术支持。\n而 Netflix Shop 的项目负责人西蒙,就曾经在迪士尼工作室呆过六年,担任制作和开发总监。\n这些信息似乎都在表明 Netflix 的决心:「嘿!我们可不是在玩票,我们是认真的!」\n多年来,Netflix 一直回避自己是一家娱乐公司还是科技公司。就在最近,Netflix 创始人黑斯廷斯宣称:「我们真的是一家娱乐公司。」\n按照亚马逊工作室(Amazon Studio)前高管马修·鲍尔(Matthew Ball)的说法,从本质上讲,一家娱乐公司只做三件事:\n\n创造/讲述故事\n为这些故事建立爱\n把爱变成钱\n\n按照这个标准来说,迪士尼无疑是这个星球上做得最好的公司。想想看,有多少小女孩想在逛迪士尼乐园的时候穿上爱莎的蓝色长裙?又有多少家长会为此买单?\n在讲故事和建立爱上,Netflix 已经做得足够好了,但它能把爱变成钱吗?\n哥伦比亚商学院的零售研究主任马克·A·科恩(Mark A Cohen)就表示了怀疑:「它们(Netflix 的热播剧)大多数的保质期都很短,不像迪士尼的 IP,那是一代人的漫长旅程。」\n尽管有非常多的不确定性,但当下无疑是 Netflix 财务状况最好的一年。这家公司在过去 10 年总共借款达 160 亿美元。去年年底,Netflix 在第四季度财报上表示,它不再需要寻求借款来为公司提供资金。换句话说,Netflix 成为了一家真正盈利的公司。\n而它的其它流媒体竞争对手,都还在亏着钱,包括迪士尼。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"NFLX":0.9,"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":4501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159274464,"gmtCreate":1624972925358,"gmtModify":1703849126697,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159274464","repostId":"1118894802","repostType":4,"repost":{"id":"1118894802","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":1624955420,"share":"https://ttm.financial/m/news/1118894802?lang=en_US&edition=fundamental","pubTime":"2021-06-29 16:30","market":"fut","language":"zh","title":"Market Overview: The top spot in the Shenzhen Stock Exchange has changed hands! Haidilao is booming against the trend.","url":"https://stock-news.laohu8.com/highlight/detail?id=1118894802","media":"老虎资讯综合","summary":"港股\n港股三大指数全日呈单边下跌行情,市场整体情绪表现平淡。截至收盘,恒指跌0.94%报28994点,国指跌0.98%报10757点,恒生科技指数跌0.91%报8201点。\n\n盘面上,石油板块跌幅居前","content":"<p><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indices experienced a one-sided decline throughout the day, and overall market sentiment was muted. At the close, the Hang Seng Index fell 0.94% to 28,994 points, the Hang Seng Composite Index fell 0.98% to 10,757 points, and the Hang Seng Tech Index fell 0.91% to 8,201 points.</p><p><img src=\"https://static.tigerbbs.com/c7f0b8ac73315eee841216419d34c674\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the market, the oil sector saw the largest decline, with the three major oil companies all suffering heavy losses, dragging down the overall market. Recently strong biopharmaceutical and port and shipping stocks have all corrected, while financial stocks (insurance, securities, and banks) have performed poorly. Energy stocks such as home appliances, aviation, medical aesthetics, gas, defense stocks, gambling, and coal have generally declined. Major tech stocks showed mixed performance.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>It bucked the trend and surged 3.6%.<a href=\"https://laohu8.com/S/09618\">JD.com - SW</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group - SW</a>Closed higher,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/03690\">Meituan-W</a>All declined; Restaurant stocks rebounded sharply.<a href=\"https://laohu8.com/S/06862\">Haidilao</a>It surged nearly 9%.<a href=\"https://laohu8.com/S/00520\">Xiabuxiabu</a>Up 4.5%; Photovoltaic stocks performed strongly, while property management stocks continued to rise.<a href=\"https://laohu8.com/S/00873\">Shimao Services</a>Several other stocks continued to hit new highs. The market turnover was HK$146.1 billion, with southbound capital bucking the trend and seeing a net inflow of HK$963 million.</p><p><b>A-shares</b></p><p>The three major indices retreated, with the Shanghai Composite Index consolidating weakly above the 30-day moving average, closing down 0.92% at 3573 points, the Shenzhen Component Index down 0.99% at 14999 points, and the ChiNext Index down 0.19% at 3406 points. More than 3,100 stocks fell in the two markets, with market sentiment and profit-making effects declining significantly. Trading volume fell below one trillion yuan again after seven trading days, reaching 997.4 billion yuan. Northbound capital saw a net outflow of 3.14 billion yuan throughout the day.</p><p><img src=\"https://static.tigerbbs.com/55bf301fcd48fb59b0f70e721046a291\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Thematic concepts performed poorly, with stocks related to military industry, finance, liquor, chips, and 5G generally declining. Most of the funds flowed into the photovoltaic concept.<a href=\"https://laohu8.com/S/300118\">Oriental Sunrise</a>Ten stocks hit their daily limit.<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>It rose by more than 3%; Organosilicon concepts were strong throughout the day.<a href=\"https://laohu8.com/S/603260\">Hoshine Silicon</a>The stock hit the daily limit, setting a new record Concepts such as HIT batteries, lithium extraction from salt lakes, infants and children, and online travel were active, with most textile and apparel stocks rising.</p><p><a href=\"https://laohu8.com/S/300750\">CATL</a>The stock price hit a new all-time high, closing up nearly 3%, with a latest market capitalization of 1.1843 trillion yuan, surpassing...<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>It has become the number one stock on the Shenzhen Stock</p><p><img src=\"https://static.tigerbbs.com/93d3ce21ca8d59215a3c2e1be2a9f337\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>US stocks</b></p><p>Futures for the three major U.S. stock indexes were mixed, with Dow Jones futures up 0.17% as of press time. Nasdaq 100 futures fell 0.24%; S&P 500 futures fell 0.02%.</p><p><img src=\"https://static.tigerbbs.com/83895d64ec668d72dcb5edf73dbeff5d\" tg-width=\"478\" tg-height=\"182\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley shares rose more than 2% in pre-market trading after doubling its quarterly Dividend to 70 cents and repurchasing up to $12 billion worth of shares.</p><p><img src=\"https://static.tigerbbs.com/72c436e1b865ee4e1d224f056bfd31ee\" tg-width=\"1302\" tg-height=\"833\"></p><p><b>European stocks</b></p><p>Major European indices rose across the board; as of press time, the German DAX index was up 0.57%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.33%, the French CAC40 index rose 0.35%, and the Euro Stoxx 50 index rose 0.37%.</p><p><img src=\"https://static.tigerbbs.com/2b257919c3a4379a1b3848f144a0a925\" tg-width=\"820\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>International oil prices fell slightly; as of press time, WTI crude oil was trading at $72.79 per barrel, down 0.16%. Brent crude is currently trading at $74.55 a barrel, down 0.17%.</p><p>International oil prices were dragged down by concerns about slowing fuel demand growth as a new outbreak of the highly contagious Delta variant of the novel coronavirus triggered new movement restrictions globally. However, U.S. shale oil producers are sticking to their commitment to suspend expansion, a move that differs from previous boom cycles and is beneficial to the oil market.</p><p><img src=\"https://static.tigerbbs.com/2317c0df6a343fd5277e3356ad5ee5b4\" tg-width=\"822\" tg-height=\"833\"><img src=\"https://static.tigerbbs.com/e4c741ddb202c84a0df34706caf5f957\" tg-width=\"822\" tg-height=\"833\"></p><p><b>gold</b></p><p>International gold prices fell slightly, down 0.72% on the day to $1,767.8 per ounce.</p><p>International gold prices continued their sideways and narrow-range fluctuations for more than a week, as investor concerns that the Federal Reserve would tighten monetary policy sooner than expected weakened the attractiveness of gold. Technically, gold prices remain bearish, with support targeting $1,748. However, the US Dollar Index has hovered below the 92 mark over the past week, limiting the downside potential for gold.</p><p><img src=\"https://static.tigerbbs.com/7e5ed09a2cb81ab881444e6e45deed9d\" tg-width=\"822\" tg-height=\"833\"></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>Market Overview: The top spot in the Shenzhen Stock Exchange has changed hands! Haidilao is booming against the trend.</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\">\nMarket Overview: The top spot in the Shenzhen Stock Exchange has changed hands! Haidilao is booming against the trend.\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\">2021-06-29 16:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indices experienced a one-sided decline throughout the day, and overall market sentiment was muted. At the close, the Hang Seng Index fell 0.94% to 28,994 points, the Hang Seng Composite Index fell 0.98% to 10,757 points, and the Hang Seng Tech Index fell 0.91% to 8,201 points.</p><p><img src=\"https://static.tigerbbs.com/c7f0b8ac73315eee841216419d34c674\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the market, the oil sector saw the largest decline, with the three major oil companies all suffering heavy losses, dragging down the overall market. Recently strong biopharmaceutical and port and shipping stocks have all corrected, while financial stocks (insurance, securities, and banks) have performed poorly. Energy stocks such as home appliances, aviation, medical aesthetics, gas, defense stocks, gambling, and coal have generally declined. Major tech stocks showed mixed performance.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>It bucked the trend and surged 3.6%.<a href=\"https://laohu8.com/S/09618\">JD.com - SW</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group - SW</a>Closed higher,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/03690\">Meituan-W</a>All declined; Restaurant stocks rebounded sharply.<a href=\"https://laohu8.com/S/06862\">Haidilao</a>It surged nearly 9%.<a href=\"https://laohu8.com/S/00520\">Xiabuxiabu</a>Up 4.5%; Photovoltaic stocks performed strongly, while property management stocks continued to rise.<a href=\"https://laohu8.com/S/00873\">Shimao Services</a>Several other stocks continued to hit new highs. The market turnover was HK$146.1 billion, with southbound capital bucking the trend and seeing a net inflow of HK$963 million.</p><p><b>A-shares</b></p><p>The three major indices retreated, with the Shanghai Composite Index consolidating weakly above the 30-day moving average, closing down 0.92% at 3573 points, the Shenzhen Component Index down 0.99% at 14999 points, and the ChiNext Index down 0.19% at 3406 points. More than 3,100 stocks fell in the two markets, with market sentiment and profit-making effects declining significantly. Trading volume fell below one trillion yuan again after seven trading days, reaching 997.4 billion yuan. Northbound capital saw a net outflow of 3.14 billion yuan throughout the day.</p><p><img src=\"https://static.tigerbbs.com/55bf301fcd48fb59b0f70e721046a291\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Thematic concepts performed poorly, with stocks related to military industry, finance, liquor, chips, and 5G generally declining. Most of the funds flowed into the photovoltaic concept.<a href=\"https://laohu8.com/S/300118\">Oriental Sunrise</a>Ten stocks hit their daily limit.<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>It rose by more than 3%; Organosilicon concepts were strong throughout the day.<a href=\"https://laohu8.com/S/603260\">Hoshine Silicon</a>The stock hit the daily limit, setting a new record Concepts such as HIT batteries, lithium extraction from salt lakes, infants and children, and online travel were active, with most textile and apparel stocks rising.</p><p><a href=\"https://laohu8.com/S/300750\">CATL</a>The stock price hit a new all-time high, closing up nearly 3%, with a latest market capitalization of 1.1843 trillion yuan, surpassing...<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>It has become the number one stock on the Shenzhen Stock</p><p><img src=\"https://static.tigerbbs.com/93d3ce21ca8d59215a3c2e1be2a9f337\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>US stocks</b></p><p>Futures for the three major U.S. stock indexes were mixed, with Dow Jones futures up 0.17% as of press time. Nasdaq 100 futures fell 0.24%; S&P 500 futures fell 0.02%.</p><p><img src=\"https://static.tigerbbs.com/83895d64ec668d72dcb5edf73dbeff5d\" tg-width=\"478\" tg-height=\"182\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley shares rose more than 2% in pre-market trading after doubling its quarterly Dividend to 70 cents and repurchasing up to $12 billion worth of shares.</p><p><img src=\"https://static.tigerbbs.com/72c436e1b865ee4e1d224f056bfd31ee\" tg-width=\"1302\" tg-height=\"833\"></p><p><b>European stocks</b></p><p>Major European indices rose across the board; as of press time, the German DAX index was up 0.57%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.33%, the French CAC40 index rose 0.35%, and the Euro Stoxx 50 index rose 0.37%.</p><p><img src=\"https://static.tigerbbs.com/2b257919c3a4379a1b3848f144a0a925\" tg-width=\"820\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>International oil prices fell slightly; as of press time, WTI crude oil was trading at $72.79 per barrel, down 0.16%. Brent crude is currently trading at $74.55 a barrel, down 0.17%.</p><p>International oil prices were dragged down by concerns about slowing fuel demand growth as a new outbreak of the highly contagious Delta variant of the novel coronavirus triggered new movement restrictions globally. However, U.S. shale oil producers are sticking to their commitment to suspend expansion, a move that differs from previous boom cycles and is beneficial to the oil market.</p><p><img src=\"https://static.tigerbbs.com/2317c0df6a343fd5277e3356ad5ee5b4\" tg-width=\"822\" tg-height=\"833\"><img src=\"https://static.tigerbbs.com/e4c741ddb202c84a0df34706caf5f957\" tg-width=\"822\" tg-height=\"833\"></p><p><b>gold</b></p><p>International gold prices fell slightly, down 0.72% on the day to $1,767.8 per ounce.</p><p>International gold prices continued their sideways and narrow-range fluctuations for more than a week, as investor concerns that the Federal Reserve would tighten monetary policy sooner than expected weakened the attractiveness of gold. Technically, gold prices remain bearish, with support targeting $1,748. However, the US Dollar Index has hovered below the 92 mark over the past week, limiting the downside potential for gold.</p><p><img src=\"https://static.tigerbbs.com/7e5ed09a2cb81ab881444e6e45deed9d\" tg-width=\"822\" tg-height=\"833\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"300750":"宁德时代","399001":"深证成指","399006":"创业板指",".IXIC":"NASDAQ Composite","HSI":"恒生指数","000001.SH":"上证指数","HSCCI":"红筹指数","06862":"海底捞","HSTECH":"恒生科技指数",".SPX":"S&P 500 Index",".DJI":"道琼斯","HSCEI":"国企指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118894802","content_text":"港股\n港股三大指数全日呈单边下跌行情,市场整体情绪表现平淡。截至收盘,恒指跌0.94%报28994点,国指跌0.98%报10757点,恒生科技指数跌0.91%报8201点。\n\n盘面上,石油板块跌幅居前,三桶油皆重挫拖累大市走低;近期强势的生物医药股、港口航运股全线回调,金融股(保险、券商、银行)表现低迷,家电股、航空股、医美股、燃气股、军工股、濠赌股、煤炭等能源股普遍下跌;大型科技股涨跌不一,网易-S逆势大涨3.6%,京东集团-SW、百度集团-SW收涨,腾讯、阿里巴巴-SW、美团-W均下跌;餐饮股大幅反弹,海底捞大涨近9%,呷哺呷哺涨4.5%;光伏股强势,物管股继续上扬,世茂服务等多股续创新高价。大市成交额为1461亿港元,南下资金逆势净流入9.63亿港元。\nA股\n三大指数回调,沪指在30日线上方弱势整理,全天收跌0.92%报3573点,深成指跌0.99%报14999点,创业板指跌0.19%报3406点。两市3100余股下跌,市场情绪及赚钱效应明显回落,成交额时隔七个交易日再次回至万亿下方,为9974亿,北上资金全天净卖出31.4亿。\n\n题材概念表现低迷,军工、金融、白酒、芯片、5G等概念股普遍下跌;资金多数流向光伏概念,东方日升等十股涨停,隆基股份涨逾3%;有机硅概念全天强势,合盛硅业涨停创新高;HIT电池、盐湖提锂、婴童、在线旅游等概念活跃,纺织服饰股多数上涨。\n宁德时代股价再创历史新高,截至收盘,涨近3%,最新市值11843亿元,超越五粮液成为深市“一哥”。\n\n美股\n美国三大股指期货涨跌不一,截至发稿,道指期货涨0.17%;纳斯达克100指数期货跌0.24%;标普500指数期货跌0.02%。\n\n摩根士丹利盘前涨超2%,摩根士丹利将季度股息翻倍至70美分,将回购最高120亿美元股票。\n\n欧股\n欧洲主要指数全线上涨,截止发稿,德国DAX指数涨0.57%,英国富时100指数涨0.33%,法国CAC40指数涨0.35%,欧洲斯托克50指数涨0.37%。\n\n原油\n国际油价小幅下跌,截止发稿,WTI原油报72.79美元/桶,跌0.16%;布油现报74.55美元/桶,跌0.17%。\n国际油价受到对燃料需求增长放缓的担忧拖累,因为高传染性新冠变种病毒Delta的新疫情在全球引发了新的行动限制。不过美国页岩油生产商仍坚守暂停扩大指出的承诺,有异于先前几波景气循环荣景时的做法,对油市构成利好。\n\n黄金\n国际黄金小幅走低,日内跌0.72%,报1767.8美元/盎司。\n国际金价延续逾一周的横盘窄幅震荡态势,投资者对美联储将比预期更早收紧货币政策的担忧削弱了黄金的吸引力。技术上看金价仍看跌,下方支撑看向1748美元。但美元指数过去一周徘徊在92整数关口下方,限制了黄金下行空间。","news_type":1,"symbols_score_info":{"300750":0.9,"399001":0.9,"399006":0.9,".SPX":0.9,"HSTECH":0.9,"000001.SH":0.9,".DJI":0.9,"HSCCI":0.9,"06862":0.9,".IXIC":0.9,"HSI":0.9,"HSCEI":0.9}},"isVote":1,"tweetType":1,"viewCount":4358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159274834,"gmtCreate":1624972910628,"gmtModify":1703849125887,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":" ?","listText":" ?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159274834","repostId":"1188452851","repostType":4,"repost":{"id":"1188452851","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1624960188,"share":"https://ttm.financial/m/news/1188452851?lang=en_US&edition=fundamental","pubTime":"2021-06-29 17:49","market":"sh","language":"zh","title":"With 61 consecutive limit-up days, what kind of \"strange trend\" has swept through the most outperforming ST stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=1188452851","media":"华尔街见闻","summary":"如果问今年最妖的股是哪只,那一定非*ST众泰莫属。\n今年以来,*ST众泰在100多个交易日狂拉61个涨停,成为A股涨停王,股价也从年初的1.34元飙升至目前的7.5元,足足涨了460%,股价翻了5倍!","content":"<p>If you were to ask which stock is the most volatile this year, it would definitely be...<a href=\"https://laohu8.com/S/000980\">*ST Zotye</a>Unquestionably.</p><p>Since the beginning of this year, *ST Zotye has surged 61 times to the daily limit in over 100 trading days, becoming...<b>A-share limit-up king</b>The stock price has also soared from 1.34 yuan at the beginning of the year to 7.5 yuan at present, an increase of 460%, and the stock price has increased fivefold!</p><p>If calculated based on the highest increase, *ST Zotye's performance this year...<b>The cumulative increase reached a staggering 628%, more than six times!</b></p><p><img src=\"https://static.tigerbbs.com/83019cb4d2e69da5e15ccb2c837e3f24\" tg-width=\"840\" tg-height=\"470\"></p><p>During this period, the company issued multiple announcements regarding abnormal stock price fluctuations and warnings that its stock might be subject to delisting risk warnings. Despite three suspensions for investigation, the company failed to stop its stock price from soaring.</p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that from January 11 to June 24, *ST Zotye appeared on the stock exchange's daily trading list as many as 23 times, attracting many speculative funds to participate in the speculation.</p><p>According to Choice's stock exchange's trading data, as of June 24, the top five brokerage firms with the largest purchase amounts for *ST Zotye over three consecutive trading days were all from firms known as the \"retail investor stronghold.\"<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>Securities Lhasa branch.</p><p><img src=\"https://static.tigerbbs.com/46071fe71f43e7f8af7638a92f29ea34\" tg-width=\"1080\" tg-height=\"477\" referrerpolicy=\"no-referrer\"></p><p>It is worth noting that,<b>Due to continuous losses, *ST Zotye faces the risk of being delisted. Following the shocking 10 billion yuan loss in the automotive industry in 2019</b>*ST Zotye 2020<b>Another loss of 10.801 billion yuan</b>As of the end of 2020, the company's net assets were -4.423 billion yuan. According to regulations, the company's audited net assets in 2020 were negative, and the company's stock continued to be subject to \"delisting risk warning\" treatment.</p><p><b>01. Restructuring expectations led to a surge in *ST Zotye.</b></p><p>Looking at the history of *ST Zotye's speculation, it has always been inextricably linked to \"restructuring expectations\".</p><p>On the evening of January 11 this year, *ST Zotye issued an \"Announcement on the Progress of Public Recruitment of Investors\", stating that on December 25 and December 28, 2020, the pre-restructuring administrator signed a \"Confidentiality Agreement\" with one potential investor and a \"Letter of Intent\" with another potential investor, respectively.</p><p><b>From then on</b>,<b>*ST Zotye's stock price then began to rise continuously.</b></p><p>The two potential investors have paid the corresponding confidentiality deposits and letter of intent deposits, and have begun to conduct specific due diligence work after paying the deposits. As the saying goes, \"stock trading is about expectations,\" and the expectation that \"someone will take over the restructuring\" became the core driving force behind *ST Zotye's continuous rise.<img src=\"https://static.tigerbbs.com/d01c30a1357f4ca66327ea763408b69c\" tg-width=\"613\" tg-height=\"837\" referrerpolicy=\"no-referrer\"></p><p>In this regard,<b>There were rumors in the market that the investor might be<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Xiaomi<a href=\"https://laohu8.com/S/NIO\">Nio</a>One of the cases involving Baoneng is that Baoneng was once \"confirmed\" by official sources.</b></p><p>However, *ST Zotye later emphasized that Tesla, Xiaomi, Nio, and Baoneng were not investors in the company's pre-restructuring.</p><p>According to media reports, the official website of the Linyi Municipal Bureau of Commerce in Shandong Province once announced that the cooperation project between Baoneng Automobile Group Co., Ltd., a subsidiary of Baoneng Group, and Linyi Zotye has entered the substantive negotiation stage.</p><p>However, Baoneng Auto denied the above claims to several media outlets, and subsequently, the Linyi Municipal Bureau of Commerce retracted the release.</p><p><b>02. Zhibo Investment terminates its investment company; its first and second largest circulating shareholders both abscond.</b></p><p>After surging 61 times to the daily limit,<b>A major negative event, like a bolt from the blue, could become the straw that broke *ST Zotye's consecutive limit-up days.</b></p><p>On the evening of June 25, Zotye Automobile issued an announcement stating that, in accordance with the relevant provisions of the \"Confidentiality Agreement\" signed between potential investor Zhibo Investment and the company in December 2020, Zhibo Investment has decided to terminate its investment in the company.</p><p><img src=\"https://static.tigerbbs.com/5d029f53c2c47afc85afae9ea489f8f0\" tg-width=\"682\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>The announcement also warned that the company's stock may face the risk of delisting. If the company successfully implements the restructuring and completes the restructuring plan, it will help optimize the company's asset and liability structure and enhance the company's sustainable operation and profitability. If the restructuring fails, the company risks being declared bankrupt.</p><p>On Monday, June 28, *ST Zotye opened at the daily limit down, with more than 480,000 lots of buy orders, amounting to more than 350 million yuan.</p><p><b>Some analysts have traced the dynamic timeline of potential investors in *ST Zotye, and the matter can actually be traced back to December of last year.</b></p><p>On December 25, 2020, *ST Zotye disclosed for the first time that Shanghai Zhiyang had signed a \"Confidentiality Agreement\" and a \"Letter of Intent\" with the pre-restructuring administrator, and paid the corresponding confidentiality deposit and letter of intent deposit. On December 28, 2020, Hunan Zhibo signed a \"Confidentiality Agreement\" with the pre-reorganization administrator and paid the corresponding confidentiality deposit.</p><p><img src=\"https://static.tigerbbs.com/f3948a0dfa5378ccb2f70cea501d90ce\" tg-width=\"656\" tg-height=\"276\" referrerpolicy=\"no-referrer\"></p><p><b>According to *ST Zotye's announcement on April 7, the company currently has two potential investors.</b>One is Shanghai Zhiyang Investment Co., Ltd. (hereinafter referred to as \"Shanghai Zhiyang\"), and the other is Hunan Zhibo Equity Investment Fund Management Co., Ltd. (hereinafter referred to as \"Hunan Zhibo\"). According to Qichacha, both companies are private equity fund managers with registered capital of 50 million yuan and 10 million yuan respectively, and neither has any background in the automotive industry chain.</p><p><b>However, in May, things took another turn.</b>。 On the evening of May 12, *ST Zotye, which has entered the pre-restructuring stage, issued an announcement stating that on May 12, 2021, the company received a letter from Shanghai Zhiyang Investment Co., Ltd., which was forwarded by the company's pre-restructuring administrator: \"Based on the company's assessment of the due diligence results of Zotye Automobile Co., Ltd. (hereinafter referred to as Zotye Automobile), as well as the recent abnormal fluctuations in Zotye Automobile's stock price and its serious deviation from its fundamentals, and out of consideration of investment prudence, the company has decided to temporarily postpone the investment in Zotye Automobile.\"</p><p><b>Currently, Zhibo Investment has chosen to terminate its investment in Zotye Automobile, and another potential investor, Shanghai Zhiyang, has also announced a suspension of its investment. There is considerable uncertainty regarding whether it will ultimately decide to restructure Zotye Automobile.</b>。</p><p>To make matters worse, in addition to some institutions terminating their investments,<b>Even *ST Zotye's \"family members\" have engaged in large-scale share reductions.</b>。</p><p>On May 24 and May 27, *ST Zotye issued two pre-disclosure announcements regarding the reduction of shares held by shareholders holding more than 5% of the company's shares. First, Great Wall (Deyang) Changfu Investment Fund Partnership, a shareholder holding 7.03% of the company's shares, plans to reduce its holdings by no more than 2.03% of the company's total share capital through centralized bidding or block trading. Secondly, Wuhan Tianfeng Zhixin Investment Center (Limited Partnership), a shareholder holding 5.84% of the shares, plans to use centralized bidding or block trading.<b>\"Clearance-style\" share reduction</b>。</p><p>According to Wind data, the company's first-quarter report shows that Great Wall Changfu and Tianfeng Zhixin are the company's first and second largest circulating shareholders, respectively.</p><p>The Daily Economic News believes that<b>The sudden move by the two major shareholders when the stock price was at a high level, besides generating profits, clearly demonstrates a loss of confidence in *ST Zotye's future.</b>。</p><p>Next, will *ST Zotye, which is experiencing a complete failure and a state of panic, continue to hit the daily limit down for several consecutive days, or will it continue to be speculated on and reach new highs?</p><p><b>03. The core value lies in the license plate, but \"counterfeit Porsches\" cannot be tolerated.</b></p><p>Regarding *ST Zotye's consecutive daily limit-up moves,<b>The entry of emerging car manufacturers may be one of the catalysts.</b>。</p><p>Recently, giants such as Xiaomi, Huawei, and Didi have successively launched car manufacturing plans, and the qualification for emerging electric vehicle manufacturers to participate in the competition is essentially a car manufacturing license.<b>However, as of now, the National Development and Reform Commission has stopped issuing new energy vehicle</b>。</p><p><b>Zotye possesses the production qualifications for new energy passenger vehicles and commercial vehicles.</b>。 According to public information, Zotye is one of the earliest automakers in China to enter the new energy vehicle industry. It is also the first company in China to hold an invention patent in the field of pure electric vehicles and the first company to obtain a production and sales license for pure electric passenger vehicles.</p><p>Nevertheless,<b>However, Zotye's rapid expansion by imitating luxury cars was quite surprising.</b>。 In 2016, the company launched the Zotye SR9, which resembles the Porsche Macan in appearance and is known as \"Baoshitai\". Furthermore, due to frequent quality problems, Zotye Auto's sales have declined rapidly in recent years.</p><p><img src=\"https://static.tigerbbs.com/aeb2f12b758335d213c513448b74d590\" tg-width=\"503\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p>With such a knock-off art style, coupled with worrying quality issues, so what if it has a license? Ultimately, it was difficult to convince investors and partners.</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>With 61 consecutive limit-up days, what kind of \"strange trend\" has swept through the most outperforming ST stocks?</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\">\nWith 61 consecutive limit-up days, what kind of \"strange trend\" has swept through the most outperforming ST stocks?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-06-29 17:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>If you were to ask which stock is the most volatile this year, it would definitely be...<a href=\"https://laohu8.com/S/000980\">*ST Zotye</a>Unquestionably.</p><p>Since the beginning of this year, *ST Zotye has surged 61 times to the daily limit in over 100 trading days, becoming...<b>A-share limit-up king</b>The stock price has also soared from 1.34 yuan at the beginning of the year to 7.5 yuan at present, an increase of 460%, and the stock price has increased fivefold!</p><p>If calculated based on the highest increase, *ST Zotye's performance this year...<b>The cumulative increase reached a staggering 628%, more than six times!</b></p><p><img src=\"https://static.tigerbbs.com/83019cb4d2e69da5e15ccb2c837e3f24\" tg-width=\"840\" tg-height=\"470\"></p><p>During this period, the company issued multiple announcements regarding abnormal stock price fluctuations and warnings that its stock might be subject to delisting risk warnings. Despite three suspensions for investigation, the company failed to stop its stock price from soaring.</p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that from January 11 to June 24, *ST Zotye appeared on the stock exchange's daily trading list as many as 23 times, attracting many speculative funds to participate in the speculation.</p><p>According to Choice's stock exchange's trading data, as of June 24, the top five brokerage firms with the largest purchase amounts for *ST Zotye over three consecutive trading days were all from firms known as the \"retail investor stronghold.\"<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>Securities Lhasa branch.</p><p><img src=\"https://static.tigerbbs.com/46071fe71f43e7f8af7638a92f29ea34\" tg-width=\"1080\" tg-height=\"477\" referrerpolicy=\"no-referrer\"></p><p>It is worth noting that,<b>Due to continuous losses, *ST Zotye faces the risk of being delisted. Following the shocking 10 billion yuan loss in the automotive industry in 2019</b>*ST Zotye 2020<b>Another loss of 10.801 billion yuan</b>As of the end of 2020, the company's net assets were -4.423 billion yuan. According to regulations, the company's audited net assets in 2020 were negative, and the company's stock continued to be subject to \"delisting risk warning\" treatment.</p><p><b>01. Restructuring expectations led to a surge in *ST Zotye.</b></p><p>Looking at the history of *ST Zotye's speculation, it has always been inextricably linked to \"restructuring expectations\".</p><p>On the evening of January 11 this year, *ST Zotye issued an \"Announcement on the Progress of Public Recruitment of Investors\", stating that on December 25 and December 28, 2020, the pre-restructuring administrator signed a \"Confidentiality Agreement\" with one potential investor and a \"Letter of Intent\" with another potential investor, respectively.</p><p><b>From then on</b>,<b>*ST Zotye's stock price then began to rise continuously.</b></p><p>The two potential investors have paid the corresponding confidentiality deposits and letter of intent deposits, and have begun to conduct specific due diligence work after paying the deposits. As the saying goes, \"stock trading is about expectations,\" and the expectation that \"someone will take over the restructuring\" became the core driving force behind *ST Zotye's continuous rise.<img src=\"https://static.tigerbbs.com/d01c30a1357f4ca66327ea763408b69c\" tg-width=\"613\" tg-height=\"837\" referrerpolicy=\"no-referrer\"></p><p>In this regard,<b>There were rumors in the market that the investor might be<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Xiaomi<a href=\"https://laohu8.com/S/NIO\">Nio</a>One of the cases involving Baoneng is that Baoneng was once \"confirmed\" by official sources.</b></p><p>However, *ST Zotye later emphasized that Tesla, Xiaomi, Nio, and Baoneng were not investors in the company's pre-restructuring.</p><p>According to media reports, the official website of the Linyi Municipal Bureau of Commerce in Shandong Province once announced that the cooperation project between Baoneng Automobile Group Co., Ltd., a subsidiary of Baoneng Group, and Linyi Zotye has entered the substantive negotiation stage.</p><p>However, Baoneng Auto denied the above claims to several media outlets, and subsequently, the Linyi Municipal Bureau of Commerce retracted the release.</p><p><b>02. Zhibo Investment terminates its investment company; its first and second largest circulating shareholders both abscond.</b></p><p>After surging 61 times to the daily limit,<b>A major negative event, like a bolt from the blue, could become the straw that broke *ST Zotye's consecutive limit-up days.</b></p><p>On the evening of June 25, Zotye Automobile issued an announcement stating that, in accordance with the relevant provisions of the \"Confidentiality Agreement\" signed between potential investor Zhibo Investment and the company in December 2020, Zhibo Investment has decided to terminate its investment in the company.</p><p><img src=\"https://static.tigerbbs.com/5d029f53c2c47afc85afae9ea489f8f0\" tg-width=\"682\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>The announcement also warned that the company's stock may face the risk of delisting. If the company successfully implements the restructuring and completes the restructuring plan, it will help optimize the company's asset and liability structure and enhance the company's sustainable operation and profitability. If the restructuring fails, the company risks being declared bankrupt.</p><p>On Monday, June 28, *ST Zotye opened at the daily limit down, with more than 480,000 lots of buy orders, amounting to more than 350 million yuan.</p><p><b>Some analysts have traced the dynamic timeline of potential investors in *ST Zotye, and the matter can actually be traced back to December of last year.</b></p><p>On December 25, 2020, *ST Zotye disclosed for the first time that Shanghai Zhiyang had signed a \"Confidentiality Agreement\" and a \"Letter of Intent\" with the pre-restructuring administrator, and paid the corresponding confidentiality deposit and letter of intent deposit. On December 28, 2020, Hunan Zhibo signed a \"Confidentiality Agreement\" with the pre-reorganization administrator and paid the corresponding confidentiality deposit.</p><p><img src=\"https://static.tigerbbs.com/f3948a0dfa5378ccb2f70cea501d90ce\" tg-width=\"656\" tg-height=\"276\" referrerpolicy=\"no-referrer\"></p><p><b>According to *ST Zotye's announcement on April 7, the company currently has two potential investors.</b>One is Shanghai Zhiyang Investment Co., Ltd. (hereinafter referred to as \"Shanghai Zhiyang\"), and the other is Hunan Zhibo Equity Investment Fund Management Co., Ltd. (hereinafter referred to as \"Hunan Zhibo\"). According to Qichacha, both companies are private equity fund managers with registered capital of 50 million yuan and 10 million yuan respectively, and neither has any background in the automotive industry chain.</p><p><b>However, in May, things took another turn.</b>。 On the evening of May 12, *ST Zotye, which has entered the pre-restructuring stage, issued an announcement stating that on May 12, 2021, the company received a letter from Shanghai Zhiyang Investment Co., Ltd., which was forwarded by the company's pre-restructuring administrator: \"Based on the company's assessment of the due diligence results of Zotye Automobile Co., Ltd. (hereinafter referred to as Zotye Automobile), as well as the recent abnormal fluctuations in Zotye Automobile's stock price and its serious deviation from its fundamentals, and out of consideration of investment prudence, the company has decided to temporarily postpone the investment in Zotye Automobile.\"</p><p><b>Currently, Zhibo Investment has chosen to terminate its investment in Zotye Automobile, and another potential investor, Shanghai Zhiyang, has also announced a suspension of its investment. There is considerable uncertainty regarding whether it will ultimately decide to restructure Zotye Automobile.</b>。</p><p>To make matters worse, in addition to some institutions terminating their investments,<b>Even *ST Zotye's \"family members\" have engaged in large-scale share reductions.</b>。</p><p>On May 24 and May 27, *ST Zotye issued two pre-disclosure announcements regarding the reduction of shares held by shareholders holding more than 5% of the company's shares. First, Great Wall (Deyang) Changfu Investment Fund Partnership, a shareholder holding 7.03% of the company's shares, plans to reduce its holdings by no more than 2.03% of the company's total share capital through centralized bidding or block trading. Secondly, Wuhan Tianfeng Zhixin Investment Center (Limited Partnership), a shareholder holding 5.84% of the shares, plans to use centralized bidding or block trading.<b>\"Clearance-style\" share reduction</b>。</p><p>According to Wind data, the company's first-quarter report shows that Great Wall Changfu and Tianfeng Zhixin are the company's first and second largest circulating shareholders, respectively.</p><p>The Daily Economic News believes that<b>The sudden move by the two major shareholders when the stock price was at a high level, besides generating profits, clearly demonstrates a loss of confidence in *ST Zotye's future.</b>。</p><p>Next, will *ST Zotye, which is experiencing a complete failure and a state of panic, continue to hit the daily limit down for several consecutive days, or will it continue to be speculated on and reach new highs?</p><p><b>03. The core value lies in the license plate, but \"counterfeit Porsches\" cannot be tolerated.</b></p><p>Regarding *ST Zotye's consecutive daily limit-up moves,<b>The entry of emerging car manufacturers may be one of the catalysts.</b>。</p><p>Recently, giants such as Xiaomi, Huawei, and Didi have successively launched car manufacturing plans, and the qualification for emerging electric vehicle manufacturers to participate in the competition is essentially a car manufacturing license.<b>However, as of now, the National Development and Reform Commission has stopped issuing new energy vehicle</b>。</p><p><b>Zotye possesses the production qualifications for new energy passenger vehicles and commercial vehicles.</b>。 According to public information, Zotye is one of the earliest automakers in China to enter the new energy vehicle industry. It is also the first company in China to hold an invention patent in the field of pure electric vehicles and the first company to obtain a production and sales license for pure electric passenger vehicles.</p><p>Nevertheless,<b>However, Zotye's rapid expansion by imitating luxury cars was quite surprising.</b>。 In 2016, the company launched the Zotye SR9, which resembles the Porsche Macan in appearance and is known as \"Baoshitai\". Furthermore, due to frequent quality problems, Zotye Auto's sales have declined rapidly in recent years.</p><p><img src=\"https://static.tigerbbs.com/aeb2f12b758335d213c513448b74d590\" tg-width=\"503\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p>With such a knock-off art style, coupled with worrying quality issues, so what if it has a license? Ultimately, it was difficult to convince investors and partners.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b8ea9e4b472cd3f7c83196f81fbd8882","relate_stocks":{"000980":"众泰汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188452851","content_text":"如果问今年最妖的股是哪只,那一定非*ST众泰莫属。\n今年以来,*ST众泰在100多个交易日狂拉61个涨停,成为A股涨停王,股价也从年初的1.34元飙升至目前的7.5元,足足涨了460%,股价翻了5倍!\n如果按照最高涨幅计算,*ST众泰年内的累计涨幅更是高达628%,超过6倍!\n\n期间公司多次发布股价异动公告及股票可能被实施退市风险警示的提示性公告,并历经3次停牌核查,也未能阻止股价“一骑绝尘”。\n据同花顺统计,自1月11日以来截至6月24日,*ST众泰登上交易所龙虎榜的次数高达23次,吸引了诸多游资参与炒作。\nChoice龙虎榜数据显示,截至6月24日,*ST众泰连续三个交易日内,买入金额最大的前5名营业部均为被称为“散户大本营”的东方财富证券拉萨营业部。\n\n值得注意的是,由于连续亏损,*ST众泰存在被终止上市的风险。在继2019年出现震惊汽车行业的百亿亏损后,*ST众泰2020年再度亏损108.01亿元,截至2020年末,公司净资产为-44.23亿元。根据规定,公司2020年度经审计后的净资产为负值,公司股票继续被实施“退市风险警示”处理。\n01、重组预期致*ST众泰暴涨\n纵观*ST众泰的炒作历史,则一向与“重组预期”脱不开干系。\n今年1月11日晚间,*ST众泰发布《关于公开招募投资人的进展公告》称,2020年12月25日、12月28日,预重整管理人分别与一家意向投资人签署了《保密协议》,与另一家意向投资人签署了《保密协议》和《意向协议书》。\n自此以后,*ST众泰的股价便开始“涨涨不休”。\n两家意向投资人已缴纳相应的保密保证金和意向保证金,并着手在缴纳保证金后开展具体的尽职调查工作。正所谓“炒股炒的是预期”,“有人接盘重整”的预期成为之后*ST众泰不断上涨的核心驱动力。\n对此,市场一度传言投资方可能为特斯拉、小米、蔚来和宝能的其中之一,其中宝能还一度被官方消息“实锤”。\n但后来,*ST众泰又强调称,特斯拉、小米、蔚来和宝能均不是公司预重整投资人。\n据媒体了解,山东临沂市商务局官网曾发布消息称,宝能集团旗下宝能汽车集团有限公司与临沂众泰合作项目已进入实质性洽谈阶段。\n不过,宝能汽车对多家媒体否认了上述说法,随后,临沂市商务局也撤销了该发布内容。\n02、致博投资终止投资公司,第一、二大流通股东双双“跑路”\n在狂拉61个涨停后,一则重大利空晴天霹雳一般,或许成为压垮*ST众泰连板的稻草。\n6月25日晚间,众泰汽车发布公告称,根据意向投资人致博投资与公司2020年12月签署的《保密协议书》的相关约定,致博投资决定终止投资本公司。\n\n同时,公告还提示,公司股票可能面临终止上市的风险。如果公司顺利实施重整并执行完毕重整计划,将有利于优化公司资产负债结构,提升公司的持续经营及盈利能力。若重整失败,公司将存在被宣告破产的风险。\n6月28日周一,*ST众泰开盘一字跌停,封单超过48万手,封单金额超过3.5亿元。\n有分析人士梳理了*ST众泰意向投资者的动态时间线,其实事情可以追溯到去年12月。\n在2020年12月25日,*ST众泰首次披露,上海智阳与预重整管理人签署了《保密协议》和《意向协议书》,并缴纳了相应的保密保证金和意向保证金。2020年12月28日,湖南致博与预重整管理人签署了《保密协议》,并缴纳了相应的保密保证金。\n\n根据4月7日*ST众泰的公告,目前公司意向投资人有两家,一家是上海智阳投资有限公司(下称“上海智阳”),另一家是湖南致博股权投资基金管理有限公司(下称“湖南致博”)。企查查显示,这两家公司均为私募基金管理人,注册资本分别为5000万元和1000万元,且均无汽车产业链相关背景。\n然而时间到了5月,事情又发生了转折。5月12日晚间,已进入预重整阶段的*ST众泰发布公告称,公司于2021年5月12日收到公司预重整管理人转交的上海智阳投资有限公司向其发出的函:“基于本公司对众泰汽车股份有限公司(下称众泰汽车)尽职调查结果的评估,以及近期众泰汽车股价异动、严重偏离其基本面,出于投资谨慎性考虑,本公司决定暂缓推进对众泰汽车的投资事宜。”\n如今,致博投资选择终止推进对众泰汽车的投资事宜,而目前另一家意向投资人上海智阳亦宣布暂缓投资,是否最终决定重组众泰汽车存在很大不确定性。\n祸不单行的是,除了有机构终止投资,就连*ST众泰的“自家人”也玩起了大减持。\n5月24日和5月27日,*ST众泰分别发布了两则关于持股5%以上股东减持公司股份的预披露公告。首先,持股7.03%的股东长城(德阳)长富投资基金合伙企业计划以集中竞价方式或大宗交易方式减持公司股份合计不超过公司总股本比例 2.03%;其次,持股5.84%的股东武汉天风智信投资中心(有限合伙)计划以集中竞价方式或大宗交易方式“清仓式”减持。\nWind数据显示,公司一季报显示,长城长富和天风智信分别为公司第一、第二大流通股东。\n每日经济新闻认为,两位大股东在股价处于高位时突然来这么一招,除了获取收益之外,对*ST众泰的未来失去信心也是可以明确感觉到的。\n接下来,“四大皆空”“风声鹤唳”的*ST众泰将会连续数跌停板,还是继续被资金炒作再创新高呢?\n03、核心价值在牌照,但“山寨保时捷”不能忍\n对于*ST众泰的连板,造车新势力的入局或许是催化之一。\n近日,小米、华为、滴滴等巨头先后启动造车计划,而新势力造车的参赛资格就是一张造车资质,但截至目前发改委已停发新能源车生产资质。\n而众泰拥有新能源乘用车和商用车的生产资质。资料显示,众泰是国内最早进入新能源汽车行业的车企之一,也上国内第一个纯电动整车领域的发明专利、第一个获得了纯电动乘用车生产销售许可证的企业。\n尽管如此,但众泰采用模仿豪车的方式迅速扩张,让人大跌眼镜。2016年,公司推出了外形酷似保时捷Macan的众泰SR9,被称为“保时泰”。此外由于质量问题频发,近年来众泰汽车销量迅速下滑。\n\n这样的山寨画风,加之以令人担忧的质量问题,即使有一张牌照又如何?最终还是难以让投资方和合作方信服。","news_type":1,"symbols_score_info":{"000980":0.9}},"isVote":1,"tweetType":1,"viewCount":4089,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159274965,"gmtCreate":1624972892257,"gmtModify":1703849125725,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159274965","repostId":"1139578847","repostType":4,"repost":{"id":"1139578847","kind":"news","pubTimestamp":1624961586,"share":"https://ttm.financial/m/news/1139578847?lang=en_US&edition=fundamental","pubTime":"2021-06-29 18:13","market":"us","language":"zh","title":"Blue City Brothers'\"Same Sex\" Business Experience","url":"https://stock-news.laohu8.com/highlight/detail?id=1139578847","media":"BT财经","summary":"蓝城兄弟作为亚洲LGBTQ群体的隐秘聚集地,在流量到顶后能否走通流量变现的闭环?\n\n6月中旬,号称“粉红第一股”的蓝城兄弟(Blued)公布了一季度财报,这家专注于LGBTQ垂直社交的企业交上了一份看","content":"<p><a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>As a secret gathering place for Asian LGBTQ communities, can we pass the closed loop of traffic realization after the traffic reaches the top? In mid-June, Blued, known as \"the first stock in *\", announced its first-quarter financial report. This company focusing on LGBTQ vertical social networking handed in a good-looking performance answer sheet.</p><p>According to the financial report, in terms of the number of users, the overall MAU (monthly active users) of Blue City Brothers reached 8.3 million, a year-on-year increase of 37.5%, and the number of paid members also reached a record high of 640,000, a year-on-year increase of 47.8%.</p><p>According to Blue City Brothers, its software has the first market share in the LGBTQ social field in China and other parts of Asia (including India, South Korea, Thailand and Vietnam). In 2021, it will also make efforts in Latin America to continue to explore the international market, and the number of users will continue to increase in the future.</p><p>However, from the perspective of business data, in the first quarter of 2021, Blue City Brothers achieved an operating income of 271.1 million yuan, a year-on-year increase of 31%, with a loss of 52.1 million yuan, compared with a loss of 7.6 million yuan in the same period of 2020, with a year-on-year increase of 585%.</p><p><b>The year-on-year growth rate of operating income looks good, but the loss has expanded instead. What happened to the Blue City brothers who increased their income without increasing their profits?</b></p><p><b>Users reach the top, increment depends on buying</b></p><p>The first Blue City Brothers in * economy can only rely on the live broadcast business to support the sky, and the vigorously cultivated health business is still in its infancy.</p><p>Previously, affected by the celebrity surrogacy incident, the \"gay\" family surrogacy business, an important part of Blue City Brothers' business closed loop, was also forced to close, and the business was publicly announced in the first quarter report of 2021.</p><p>Blue City's business development does not seem to be affected by this black swan event, and the year-on-year growth rate of business income is still considerable. In 2020, it successively acquired LESDO and FINKA, two same-sex social platforms.</p><p>In the first quarter after the completion of the acquisition, BT Finance re-examined the data of Blue City Brothers and found that: Fortunately, Blue City business finally got out of the weak state in 2020.</p><p>The user increment data of Blue Brothers in the first quarter looks very gratifying, but stretching the timeline, it is not difficult to find that the increase of data is not as optimistic as imagined.</p><p>Since the second half of 2019, the user growth of Blue City Brothers has stagnated.<b>In the three quarters from the third quarter of 2019 to the first quarter of 2020, the number of monthly active users of Blue City Brothers continued to grow at a low speed, with a quarter-on-quarter growth rate of no more than 5%.</b></p><p>Among them, the number of monthly active users in the fourth quarter of 2019 almost did not increase, and the number of users in the first quarter of 2020 only increased by 2%, about 130,000, and the momentum is very obvious.</p><p><img src=\"https://static.tigerbbs.com/75346e503d44c0ff1d2cf41ea5b04990\" tg-width=\"938\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p>Blue City Brothers may also realize that users have to use other methods when they are starting to enter the stock crisis.</p><p>Following its successful listing in July 2020, Blue City Brothers completed the acquisition of LESDO, a vertical social community for women, and Finka, a social software for men, in August and December 2020, respectively.</p><p>As a result, the growth rate of monthly active users in the fourth quarter of 2020 and the first quarter of 2021 changed from the previous fatigue and increased significantly. In the fourth quarter of 2020, the number of monthly active users reached 7.6 million, an increase of 20.6% from the previous month, and in the first quarter of 2021, the number of monthly active users reached 8.3 million, an increase of 9.21% from the previous month.</p><p>Blue City Brothers did not disclose the proportion of monthly active data among Blued, Finka and Lesdo in the annual report, so we can't know how much of the user increase comes from the superposition of base and how much from the endogenous operation growth.</p><p>According to reports, Finka, as a male vertical social app, has more than 3 million registered users; LESDO, on the other hand, is a representative of the female vertical social field, reaching 8 million registrations as early as 2018. Calculated according to the ratio of about 1/8 of Blued's monthly active users, these two apps will contribute about 1.5 million new monthly active users.</p><p><b>Therefore, in the past two quarters, most of the net increase of 2 million monthly active users of Blue City Brothers came from the data merger of the acquisition of LESDO and Finka, and less than 500,000 increments came from endogenous growth, with the average quarter-on-quarter growth rate still less than 5%.</b></p><p>According to statistics from Frost & Sullivan, a well-known global growth consultancy, LGBTQ people account for about 6% of the total population. If this is calculated, the number of potential LGBTQ people in China is as high as 84 million, but after excluding non-appropriate age people, non-mobile network users and some \"deep cabinet\" people, the number of LGBTQ people willing to use social software is not so large.</p><p>According to the data disclosed by Blued, the number of registered users of Blued alone has reached 59 million in the third quarter of 2020. According to half of the foreign population (half of the monthly active users are overseas people), the number of registered users in China is nearly 30 million. It can be said that the population coverage has been basically achieved and tends to be saturated.</p><p>That is to say, in the LGBTQ social field, user traffic has reached a ceiling,<b>If Blue City Brothers wants to maintain the rapid growth of user scale, they can only choose horizontal expansion: either merge with peer competitors or expand into overseas markets.</b></p><p><b>More and more like<a href=\"https://laohu8.com/S/MOMO\">Momo</a>?</b></p><p>After the successful integration with LESD and Finka, the overall MAU data of Blue City Brothers has indeed increased substantially, supporting the future imagination, but the business income has changed the opposite: although the revenue in the fourth quarter of 2020 and the first quarter of 2021 still increased compared with the same period of last year, there were two consecutive declines from the quarter-on-quarter perspective. Compared with the total revenue of 297 million yuan in the third quarter of 2020, the revenue of the fourth quarter of 2020 decreased by about 6.3% quarter-on-quarter to 279 million yuan, and the revenue of the first quarter of 2021 continued to decline to 271 million yuan.</p><p>Even from the perspective of year-on-year growth rate, the business growth rate in the fourth quarter of 2020 was only 24%, and the revenue growth rate in the first quarter of 2021 was only 30.7%, which was not only lower than the overall average growth rate of 35.8% in 2020, but also lower than the growth rate of 42.7% in the first quarter of 2020.</p><p><b>Even though factors such as the Spring Festival will lead to seasonal fluctuations in income in the first quarter, considering the small base under the influence of the epidemic in the first quarter of 2020 and the newly acquired integration of two enterprises by Blue City Brothers, such revenue performance is really lower than market expectations.</b></p><p><img src=\"https://static.tigerbbs.com/6363c81e8155b159ce04b825b11f8807\" tg-width=\"943\" tg-height=\"569\" referrerpolicy=\"no-referrer\"></p><p>Similarly, socializing with strangers, one is socializing with the opposite sex of mainstream groups, and the other is socializing with vertical LGBTQ people. Momo and Blue City Brothers have a lot in common, and some people even say that Blue City Brothers are like Momo two years ago.</p><p>In 2018, Momo acquired Tantan; In 2020, Blued acquired Finka, and Tantan and Finka are both screening and matching social software with left-swipe and right-swipe mode, which have become important business supplements to Momo and Blued.</p><p>From the perspective of revenue business composition, Momo is also very similar to Blued-the main source of income is live broadcast business.</p><p>Although Momo's live broadcast business revenue only accounted for about 64% of the total revenue in 2020, in 2018, Momo's live broadcast revenue accounted for 79.8%. In 2020, Blued's live streaming business accounted for 84% of the total revenue.</p><p>If we look at the input-output ratio, the benefits of Blue City Brothers are far less than those of Momo.</p><p>In 2015, Momo's annual revenue was also about 1 billion yuan. The difference is that Momo had already begun to make a profit at that time. Blued is still in a state of loss, and there is a trend of expanding losses.</p><p><img src=\"https://static.tigerbbs.com/3cb0d61d309e04fd4220418281f041d7\" tg-width=\"895\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of input and output of expenses, the current sales investment ratio of Blue City Brothers is lower than that of Momo in 2015, and the R&D investment ratio is equivalent to that of Momo in 2015, but it has not achieved profitability like Momo in 2015, let alone compared with the low investment and high return of Momo now.</p><p><img src=\"https://static.tigerbbs.com/307be7e9d23e2eea272836073efe91f3\" tg-width=\"895\" tg-height=\"539\" referrerpolicy=\"no-referrer\"></p><p>In short, the high amount of money invested by Blue City Brothers not only did not help themselves achieve a rapid increase in revenue, but also did not help themselves achieve a negative profit.</p><p>Invalid burning of money is the most terrible.</p><p>Due to the ceiling problem of the stock market, Blue City Brothers has to continue to enter the international market. Every country and every region needs a matching software version, and they need to promote and operate to cultivate carefully.</p><p>As a result, the R&D expenses and sales expenses of Blue City Brothers have always remained at a high level, but the business income return and traffic realization effect are not good.</p><p><b>Hidden New Business-\"Comrade\" Health</b></p><p>In the income structure of Blue City Brothers, live broadcast revenue is the absolute majority, accounting for more than 80% of the share.</p><p><b>According to the changes of live broadcast business income in the past year, the live broadcast business income, like the original number of Blued users, has encountered a ceiling bottleneck.</b></p><p>In the fourth quarter of 2020 and the first quarter of 2021, the revenue of live broadcast business showed a downward trend, with the revenue of the fourth quarter business decreasing by 12% quarter-on-quarter.</p><p>The increase of users brought by mergers and acquisitions has not brought a beneficial direct impact on the live broadcast business.</p><p><img src=\"https://static.tigerbbs.com/fee5deefcc0dedb711c8362b17f048c3\" tg-width=\"820\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p>Due to the particularity of same-sex social interaction, its live broadcast business has been repeatedly exposed to the incident of \"playing the edge ball\".</p><p>According to media reports, many live broadcast rooms of Blued have broadcast live in violation of the rules. \"Some anchors broadcast live during the day with the theme of 'men's group catwalk', and the 'models' on the 'runway' wore uniform white underwear.\"</p><p>\"In the process of interaction between anchors, there are many suggestive chat contents\".</p><p>Such a live broadcast scale is an absolute rule red line on other live broadcast platforms, and it basically can't pass the examination. Once faced with regulatory intervention in the future, it is unknown whether Blue City Brothers' live broadcast business income will encounter the risk of business shrinkage.</p><p>On the contrary, the membership payment business and health business are booming.</p><p><img src=\"https://static.tigerbbs.com/ee09bddab4899653070924311ac37533\" tg-width=\"817\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p><p>In the first quarter of 2021, the number of paying users increased significantly, with a quarter-on-quarter increase of 23.55% and a year-on-year increase of 47.8%, which directly affected the revenue from membership service business, which increased by 75.9% year-on-year to 26.4 million yuan.</p><p>This shows that with the regional monopoly position and the deep cultivation of LGBTQ vertical field, the user stickiness of Blue City Brothers is continuously improving.</p><p>On the one hand, user stickiness is the moat to resist risks in the future development of Blue City Brothers. On the other hand, these paying users also provide a consumer base for the health product consumption business.</p><p>To realize the change of the core of the business, we can't ignore the fast-growing and high-hoped Hole health commodity sales business of Blue City Brothers.</p><p>In the first quarter of 2021, the sales revenue of goods from Hor Health was 11.4 million yuan, a year-on-year increase of 297.7%.</p><p>Previously, Blued's e-commerce business content was mainly limited to men's health products and sexual devices, and the exploration of user needs was not in depth.</p><p>However, after 2019, Blue City Brothers launched an independent health service brand \"Hor Health\", which took HIV detection, blockade, prevention and treatment as the starting point, and was deeply close to the unspeakable \"health needs\" of gay men.</p><p><img src=\"https://static.tigerbbs.com/9dacdcffc26e47e705848fcf3e4a0b48\" tg-width=\"1055\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p>The earliest spread of HIV began among gay men in the United States in the 1980s. Due to their special sexual behavior, gay men have been the hardest hit area for people living with HIV. In the United States and Europe, male homosexual and bisexual men are the dominant HIV-infected group.</p><p>According to the China Health Commission, of the 96,000 new cases identified in the first three quarters of 2016, 28% were MSM (male gay sexual contacts), compared with just 2.5% in 2006.</p><p>The threat of AIDS to gay men is far higher than that of ordinary people, so this group has a higher demand for AIDS protection, detection and blockade.</p><p>Blue City Brothers has captured this \"unspeakable\" health segment. After taking AIDS health services as the entry point, Hor Health has also expanded other \"unspeakable\" health services such as sexual dysfunction and hair loss. With the accurate docking and in-depth binding of its user groups, it has opened up a unique, niche but irreplaceable health business road.</p><p><b>Compared with selling health products and sexual devices through e-commerce, Hor's health business has higher consumption frequency, greater consumption potential and deeper consumption binding.</b></p><p>In less than two years since the establishment of Hole Health Business, the business has developed rapidly, and it is expected to become the Blue City Brothers after the live broadcast.<a href=\"https://laohu8.com/S/ABCD\">newly born</a>The core business has truly opened up the closed loop of business from traffic to consumption, and the story of * economy has finally become complete.</p><p>Although compared with traditional heterosexual social platforms such as Momo, the traffic pool of Blue City Brothers business is naturally at a disadvantage. Therefore, Momo only needs to deeply manage the domestic area, which can gain much more than Blue City brothers' hard work to explore overseas markets.</p><p><b>However, with a relatively niche field + absolute market share, Blue City Brothers has gained more sticky users, stronger market barriers and clear business growth.</b></p><p>From obtaining user traffic to binding user consumption, from live broadcast to health service realization, the business story of Blue City Brothers may be \"hard to talk about\", but it also exudes its unique brilliance of \"small but beautiful\".</p>","source":"lsy1588993976395","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>Blue City Brothers'\"Same Sex\" Business Experience</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\">\nBlue City Brothers'\"Same Sex\" Business Experience\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">BT财经</strong><span class=\"h-time small\">2021-06-29 18:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>As a secret gathering place for Asian LGBTQ communities, can we pass the closed loop of traffic realization after the traffic reaches the top? In mid-June, Blued, known as \"the first stock in *\", announced its first-quarter financial report. This company focusing on LGBTQ vertical social networking handed in a good-looking performance answer sheet.</p><p>According to the financial report, in terms of the number of users, the overall MAU (monthly active users) of Blue City Brothers reached 8.3 million, a year-on-year increase of 37.5%, and the number of paid members also reached a record high of 640,000, a year-on-year increase of 47.8%.</p><p>According to Blue City Brothers, its software has the first market share in the LGBTQ social field in China and other parts of Asia (including India, South Korea, Thailand and Vietnam). In 2021, it will also make efforts in Latin America to continue to explore the international market, and the number of users will continue to increase in the future.</p><p>However, from the perspective of business data, in the first quarter of 2021, Blue City Brothers achieved an operating income of 271.1 million yuan, a year-on-year increase of 31%, with a loss of 52.1 million yuan, compared with a loss of 7.6 million yuan in the same period of 2020, with a year-on-year increase of 585%.</p><p><b>The year-on-year growth rate of operating income looks good, but the loss has expanded instead. What happened to the Blue City brothers who increased their income without increasing their profits?</b></p><p><b>Users reach the top, increment depends on buying</b></p><p>The first Blue City Brothers in * economy can only rely on the live broadcast business to support the sky, and the vigorously cultivated health business is still in its infancy.</p><p>Previously, affected by the celebrity surrogacy incident, the \"gay\" family surrogacy business, an important part of Blue City Brothers' business closed loop, was also forced to close, and the business was publicly announced in the first quarter report of 2021.</p><p>Blue City's business development does not seem to be affected by this black swan event, and the year-on-year growth rate of business income is still considerable. In 2020, it successively acquired LESDO and FINKA, two same-sex social platforms.</p><p>In the first quarter after the completion of the acquisition, BT Finance re-examined the data of Blue City Brothers and found that: Fortunately, Blue City business finally got out of the weak state in 2020.</p><p>The user increment data of Blue Brothers in the first quarter looks very gratifying, but stretching the timeline, it is not difficult to find that the increase of data is not as optimistic as imagined.</p><p>Since the second half of 2019, the user growth of Blue City Brothers has stagnated.<b>In the three quarters from the third quarter of 2019 to the first quarter of 2020, the number of monthly active users of Blue City Brothers continued to grow at a low speed, with a quarter-on-quarter growth rate of no more than 5%.</b></p><p>Among them, the number of monthly active users in the fourth quarter of 2019 almost did not increase, and the number of users in the first quarter of 2020 only increased by 2%, about 130,000, and the momentum is very obvious.</p><p><img src=\"https://static.tigerbbs.com/75346e503d44c0ff1d2cf41ea5b04990\" tg-width=\"938\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p>Blue City Brothers may also realize that users have to use other methods when they are starting to enter the stock crisis.</p><p>Following its successful listing in July 2020, Blue City Brothers completed the acquisition of LESDO, a vertical social community for women, and Finka, a social software for men, in August and December 2020, respectively.</p><p>As a result, the growth rate of monthly active users in the fourth quarter of 2020 and the first quarter of 2021 changed from the previous fatigue and increased significantly. In the fourth quarter of 2020, the number of monthly active users reached 7.6 million, an increase of 20.6% from the previous month, and in the first quarter of 2021, the number of monthly active users reached 8.3 million, an increase of 9.21% from the previous month.</p><p>Blue City Brothers did not disclose the proportion of monthly active data among Blued, Finka and Lesdo in the annual report, so we can't know how much of the user increase comes from the superposition of base and how much from the endogenous operation growth.</p><p>According to reports, Finka, as a male vertical social app, has more than 3 million registered users; LESDO, on the other hand, is a representative of the female vertical social field, reaching 8 million registrations as early as 2018. Calculated according to the ratio of about 1/8 of Blued's monthly active users, these two apps will contribute about 1.5 million new monthly active users.</p><p><b>Therefore, in the past two quarters, most of the net increase of 2 million monthly active users of Blue City Brothers came from the data merger of the acquisition of LESDO and Finka, and less than 500,000 increments came from endogenous growth, with the average quarter-on-quarter growth rate still less than 5%.</b></p><p>According to statistics from Frost & Sullivan, a well-known global growth consultancy, LGBTQ people account for about 6% of the total population. If this is calculated, the number of potential LGBTQ people in China is as high as 84 million, but after excluding non-appropriate age people, non-mobile network users and some \"deep cabinet\" people, the number of LGBTQ people willing to use social software is not so large.</p><p>According to the data disclosed by Blued, the number of registered users of Blued alone has reached 59 million in the third quarter of 2020. According to half of the foreign population (half of the monthly active users are overseas people), the number of registered users in China is nearly 30 million. It can be said that the population coverage has been basically achieved and tends to be saturated.</p><p>That is to say, in the LGBTQ social field, user traffic has reached a ceiling,<b>If Blue City Brothers wants to maintain the rapid growth of user scale, they can only choose horizontal expansion: either merge with peer competitors or expand into overseas markets.</b></p><p><b>More and more like<a href=\"https://laohu8.com/S/MOMO\">Momo</a>?</b></p><p>After the successful integration with LESD and Finka, the overall MAU data of Blue City Brothers has indeed increased substantially, supporting the future imagination, but the business income has changed the opposite: although the revenue in the fourth quarter of 2020 and the first quarter of 2021 still increased compared with the same period of last year, there were two consecutive declines from the quarter-on-quarter perspective. Compared with the total revenue of 297 million yuan in the third quarter of 2020, the revenue of the fourth quarter of 2020 decreased by about 6.3% quarter-on-quarter to 279 million yuan, and the revenue of the first quarter of 2021 continued to decline to 271 million yuan.</p><p>Even from the perspective of year-on-year growth rate, the business growth rate in the fourth quarter of 2020 was only 24%, and the revenue growth rate in the first quarter of 2021 was only 30.7%, which was not only lower than the overall average growth rate of 35.8% in 2020, but also lower than the growth rate of 42.7% in the first quarter of 2020.</p><p><b>Even though factors such as the Spring Festival will lead to seasonal fluctuations in income in the first quarter, considering the small base under the influence of the epidemic in the first quarter of 2020 and the newly acquired integration of two enterprises by Blue City Brothers, such revenue performance is really lower than market expectations.</b></p><p><img src=\"https://static.tigerbbs.com/6363c81e8155b159ce04b825b11f8807\" tg-width=\"943\" tg-height=\"569\" referrerpolicy=\"no-referrer\"></p><p>Similarly, socializing with strangers, one is socializing with the opposite sex of mainstream groups, and the other is socializing with vertical LGBTQ people. Momo and Blue City Brothers have a lot in common, and some people even say that Blue City Brothers are like Momo two years ago.</p><p>In 2018, Momo acquired Tantan; In 2020, Blued acquired Finka, and Tantan and Finka are both screening and matching social software with left-swipe and right-swipe mode, which have become important business supplements to Momo and Blued.</p><p>From the perspective of revenue business composition, Momo is also very similar to Blued-the main source of income is live broadcast business.</p><p>Although Momo's live broadcast business revenue only accounted for about 64% of the total revenue in 2020, in 2018, Momo's live broadcast revenue accounted for 79.8%. In 2020, Blued's live streaming business accounted for 84% of the total revenue.</p><p>If we look at the input-output ratio, the benefits of Blue City Brothers are far less than those of Momo.</p><p>In 2015, Momo's annual revenue was also about 1 billion yuan. The difference is that Momo had already begun to make a profit at that time. Blued is still in a state of loss, and there is a trend of expanding losses.</p><p><img src=\"https://static.tigerbbs.com/3cb0d61d309e04fd4220418281f041d7\" tg-width=\"895\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of input and output of expenses, the current sales investment ratio of Blue City Brothers is lower than that of Momo in 2015, and the R&D investment ratio is equivalent to that of Momo in 2015, but it has not achieved profitability like Momo in 2015, let alone compared with the low investment and high return of Momo now.</p><p><img src=\"https://static.tigerbbs.com/307be7e9d23e2eea272836073efe91f3\" tg-width=\"895\" tg-height=\"539\" referrerpolicy=\"no-referrer\"></p><p>In short, the high amount of money invested by Blue City Brothers not only did not help themselves achieve a rapid increase in revenue, but also did not help themselves achieve a negative profit.</p><p>Invalid burning of money is the most terrible.</p><p>Due to the ceiling problem of the stock market, Blue City Brothers has to continue to enter the international market. Every country and every region needs a matching software version, and they need to promote and operate to cultivate carefully.</p><p>As a result, the R&D expenses and sales expenses of Blue City Brothers have always remained at a high level, but the business income return and traffic realization effect are not good.</p><p><b>Hidden New Business-\"Comrade\" Health</b></p><p>In the income structure of Blue City Brothers, live broadcast revenue is the absolute majority, accounting for more than 80% of the share.</p><p><b>According to the changes of live broadcast business income in the past year, the live broadcast business income, like the original number of Blued users, has encountered a ceiling bottleneck.</b></p><p>In the fourth quarter of 2020 and the first quarter of 2021, the revenue of live broadcast business showed a downward trend, with the revenue of the fourth quarter business decreasing by 12% quarter-on-quarter.</p><p>The increase of users brought by mergers and acquisitions has not brought a beneficial direct impact on the live broadcast business.</p><p><img src=\"https://static.tigerbbs.com/fee5deefcc0dedb711c8362b17f048c3\" tg-width=\"820\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p>Due to the particularity of same-sex social interaction, its live broadcast business has been repeatedly exposed to the incident of \"playing the edge ball\".</p><p>According to media reports, many live broadcast rooms of Blued have broadcast live in violation of the rules. \"Some anchors broadcast live during the day with the theme of 'men's group catwalk', and the 'models' on the 'runway' wore uniform white underwear.\"</p><p>\"In the process of interaction between anchors, there are many suggestive chat contents\".</p><p>Such a live broadcast scale is an absolute rule red line on other live broadcast platforms, and it basically can't pass the examination. Once faced with regulatory intervention in the future, it is unknown whether Blue City Brothers' live broadcast business income will encounter the risk of business shrinkage.</p><p>On the contrary, the membership payment business and health business are booming.</p><p><img src=\"https://static.tigerbbs.com/ee09bddab4899653070924311ac37533\" tg-width=\"817\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p><p>In the first quarter of 2021, the number of paying users increased significantly, with a quarter-on-quarter increase of 23.55% and a year-on-year increase of 47.8%, which directly affected the revenue from membership service business, which increased by 75.9% year-on-year to 26.4 million yuan.</p><p>This shows that with the regional monopoly position and the deep cultivation of LGBTQ vertical field, the user stickiness of Blue City Brothers is continuously improving.</p><p>On the one hand, user stickiness is the moat to resist risks in the future development of Blue City Brothers. On the other hand, these paying users also provide a consumer base for the health product consumption business.</p><p>To realize the change of the core of the business, we can't ignore the fast-growing and high-hoped Hole health commodity sales business of Blue City Brothers.</p><p>In the first quarter of 2021, the sales revenue of goods from Hor Health was 11.4 million yuan, a year-on-year increase of 297.7%.</p><p>Previously, Blued's e-commerce business content was mainly limited to men's health products and sexual devices, and the exploration of user needs was not in depth.</p><p>However, after 2019, Blue City Brothers launched an independent health service brand \"Hor Health\", which took HIV detection, blockade, prevention and treatment as the starting point, and was deeply close to the unspeakable \"health needs\" of gay men.</p><p><img src=\"https://static.tigerbbs.com/9dacdcffc26e47e705848fcf3e4a0b48\" tg-width=\"1055\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p>The earliest spread of HIV began among gay men in the United States in the 1980s. Due to their special sexual behavior, gay men have been the hardest hit area for people living with HIV. In the United States and Europe, male homosexual and bisexual men are the dominant HIV-infected group.</p><p>According to the China Health Commission, of the 96,000 new cases identified in the first three quarters of 2016, 28% were MSM (male gay sexual contacts), compared with just 2.5% in 2006.</p><p>The threat of AIDS to gay men is far higher than that of ordinary people, so this group has a higher demand for AIDS protection, detection and blockade.</p><p>Blue City Brothers has captured this \"unspeakable\" health segment. After taking AIDS health services as the entry point, Hor Health has also expanded other \"unspeakable\" health services such as sexual dysfunction and hair loss. With the accurate docking and in-depth binding of its user groups, it has opened up a unique, niche but irreplaceable health business road.</p><p><b>Compared with selling health products and sexual devices through e-commerce, Hor's health business has higher consumption frequency, greater consumption potential and deeper consumption binding.</b></p><p>In less than two years since the establishment of Hole Health Business, the business has developed rapidly, and it is expected to become the Blue City Brothers after the live broadcast.<a href=\"https://laohu8.com/S/ABCD\">newly born</a>The core business has truly opened up the closed loop of business from traffic to consumption, and the story of * economy has finally become complete.</p><p>Although compared with traditional heterosexual social platforms such as Momo, the traffic pool of Blue City Brothers business is naturally at a disadvantage. Therefore, Momo only needs to deeply manage the domestic area, which can gain much more than Blue City brothers' hard work to explore overseas markets.</p><p><b>However, with a relatively niche field + absolute market share, Blue City Brothers has gained more sticky users, stronger market barriers and clear business growth.</b></p><p>From obtaining user traffic to binding user consumption, from live broadcast to health service realization, the business story of Blue City Brothers may be \"hard to talk about\", but it also exudes its unique brilliance of \"small but beautiful\".</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/-hDx2-K4AmZSsgjKwzmprg\">BT财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9b04c4a552ab5210706bb7ed078cf967","relate_stocks":{"BLCT":"蓝城兄弟"},"source_url":"https://mp.weixin.qq.com/s/-hDx2-K4AmZSsgjKwzmprg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139578847","content_text":"蓝城兄弟作为亚洲LGBTQ群体的隐秘聚集地,在流量到顶后能否走通流量变现的闭环?\n\n6月中旬,号称“粉红第一股”的蓝城兄弟(Blued)公布了一季度财报,这家专注于LGBTQ垂直社交的企业交上了一份看起来还不错的业绩答卷。\n财报显示,从用户人数来看,蓝城兄弟的整体MAU(月活用户)数量达到了830万人,同比增长37.5%,付费会员数也达到了历史新高64万人,同比增长47.8%。\n据蓝城兄弟表述,其软件在中国、亚洲其他地区(包括印度、韩国、泰国和越南)的LGBTQ社交领域均市场占有率第一,2021年还将在拉丁美洲发力,继续开拓国际市场,未来用户数量持续增加可期。\n不过从业务数据看,2021年一季度,蓝城兄弟实现营业收入2.711亿元,同比增长31%,亏损5210万元,2020年同期为亏损760万元,亏损幅度同比扩大了585%。\n营业收入同比增速看起来还不错,但亏损反而扩大了,增收不增利的蓝城兄弟遭遇了什么?\n用户到顶,增量靠买\n粉红经济第一股蓝城兄弟如今依然只能依赖直播业务撑起一片天,大力培育的健康业务还处于萌芽之中。\n此前受明星代孕事件影响,蓝城兄弟商业闭环中的重要组成部分——“同志”家庭代孕业务也被迫关闭,并且在2021年一季度报告里公开宣布业务终止。\n蓝城的业务开展似乎并没有受到这一黑天鹅事件的影响,业务收入同比增速依然可观,2020年接连收购LESDO、FINKA两大同性社交平台。\n完成收购后的第一个季度,BT财经重新审视蓝城兄弟的数据发现:还好,蓝城业务终于走出了2020年的乏力状态。\n蓝城兄弟一季度的用户增量数据看起来很喜人,但把时间轴拉长,不难发现,数据的增加并没有想象中那么乐观。\n从2019年下半年开始,蓝城兄弟的用户增长就出现停滞,从2019年三季度到2020年一季度的三个季度里,蓝城兄弟的月活用户数持续维持低速增长,环比增速均不超过5%。\n其中,2019年四季度的月活用户几乎未有增加,2020年一季度的用户数量也仅增加2%约13万人,势头萎靡十分明显。\n\n蓝城兄弟可能也意识到:用户开始步入存量危机,必须要动用其他办法了。\n2020年7月成功上市后,蓝城兄弟分别在2020年8月和12月,完成了对女性垂直社交社区LESDO和男性社交软件Finka的收购。\n于是2020年四季度和2021年一季度的月活用户增速一改此前的疲态,大幅增加,2020年四季度月活用户达到760万人,环比增加20.6%,2021年一季度月活用户达830万人,环比增加9.21%。\n蓝城兄弟并没有在年报中披露月活数据在Blued、Finka、Lesdo三个软件之间的比例是什么,因此我们无法得知用户增加有多少来自于基数的叠加、多少来自于内生运营增长。\n据报道,Finka作为男性垂直社交app,注册用户数量超过300万;而LESDO则是女性垂直社交领域的代表,早在2018年就达到了800万的注册量。按照Blued本身大约1/8的月活用户比例来计算,这两个app将贡献约150万的新增月活用户。\n因此近两个季度以来,蓝城兄弟月活用户净增加的200万中,大部分都是来自于收购LESDO、Finka的数据合并,只有不到50万的增量来自于内生增长,平均单季度环比增速依然不足5%。\n著名全球增长咨询公司Frost&Sullivan统计数据显示,LGBTQ人群在整体当中的比例约为6%。如果以此计算,中国的潜在LGBTQ人群数量高达8400万,但排除非适龄人群、非移动网络使用人群和一些“深柜”人群后,愿意使用社交软件的LGBTQ人群数量并没有这么多。\n根据Blued披露的数据,仅Blued注册用户在2020年三季度时就已经达到了5900万,按照其中一半的外国人群计算(月活用户一半为海外人群),中国的注册用户数将近3000万,可以说已经基本实现了人群的覆盖,趋于饱和。\n也就是说在LGBTQ社交领域,用户流量已经出现了天花板,蓝城兄弟想要维持用户规模的快速增长就只能选择横向的扩张:要么与同业竞争者合并、要么向海外市场扩张。\n越来越像陌陌?\n在与LESD、Finka成功整合之后,蓝城兄弟整体的MAU数据确实出现了大幅增长,支撑了未来的想象空间,但是业务收入却出现了与之相反的变化:2020年四季度和2021年一季度的营收虽然与去年同期相比仍有增长,但从环比上看却出现了两连降。相比于2020年三季度2.97亿元的总营收,2020年四季度的营收环比下滑了约6.3%、为2.79亿元,2021年一季度的营收继续下降为2.71亿元。\n即便是从同比增速来看,2020年四季度业务增速仅为24%,2021年一季度营收增速仅为30.7%,不仅低于2020年整体平均增速35.8%、更低于2020年一季度的增速42.7%。\n即便春节等因素会导致一季度收入出现季节性波动,但考虑到2020年一季度疫情影响下基数不大以及蓝城兄弟新并购整合了两家企业情况下,如此的营收表现,着实是低于市场预期的。\n\n同样做陌生人社交,一个是做主流群体的异性社交,一个是做垂直的LGBTQ社交,陌陌和蓝城兄弟有着非常多的共通之处,更有人说,蓝城兄弟就像是两年前的陌陌一样。\n2018年,陌陌收购了探探;2020年,Blued收购了Finka,而探探、Finka都是左滑右滑模式的筛选配对社交软件,成为了陌陌和Blued的重要业务补充。\n从营收业务构成来看,陌陌与Blued也十分相似——主要收入来源都是直播业务。\n尽管2020年陌陌的直播业务收入仅占据总收入的64%左右,但在2018年时,陌陌直播收入的占比也曾高达79.8%。而2020年Blued直播业务占总营收的比例为84%。\n如果从投入产出比上看,蓝城兄弟的效益远不及陌陌。\n陌陌在2015年时年营收也是10亿元左右的规模,不同的是彼时的陌陌就已经开始盈利了,Blued至今仍然处于亏损状态,而且有亏损扩大的趋势。\n\n从费用的投入产出来看,当前蓝城兄弟的销售投入比例低于2015年的陌陌,研发投入比例与2015年的陌陌相当,却并没有像陌陌在2015年时一样,实现盈利,更不用和现在的陌陌的低投入高回报相比了。\n\n简而言之,蓝城兄弟投入的高额资金不仅没有帮助自身实现营收快速增加,也没有帮助自己实现利润由负转正。\n无效烧钱最为可怕。\n由于存量市场天花板问题,蓝城兄弟不得不持续向国际市场进军,每一个国家、每一个区域都需要与之相匹配的软件版本、都需要推广运营来细心耕耘。\n这导致蓝城兄弟的研发开支和销售开支始终维持在较高的水平,但业务收入回报和流量变现效果却并不佳。\n隐秘新业务——“同志”健康\n在蓝城兄弟的收入结构中,直播收入是其中绝对的大头,占据80%以上的份额。\n根据过去一年以来的直播业务收入变化情况来看,直播业务收入与原本Blued用户数量一样,遭遇了天花板瓶颈。\n2020年四季度和2021年一季度直播业务收入都呈现下滑态势,其中四季度业务收入环比下降12%。\n并购带来的用户增量并没有给直播业务带来有益的直接影响。\n\n由于同性社交带有一定的特殊性,其直播业务屡屡被曝出“打擦边球”的事件。\n据媒体报道,Blued的不少直播间都存在违反规则进行直播的现象。“有些主播以‘男团走秀’为主题在日间开通直播,‘T台’上的‘模特们’身上穿着统一的白色内裤。”\n“主播之间的互动过程中,不乏充满暗示意味的聊天内容”。\n这样的直播尺度,在其他直播平台上是绝对的规则红线,基本无法过审。一旦未来面临监管介入后,蓝城兄弟的直播业务收入是否将遭遇业务萎缩的风险不得而知。\n与之相对的是会员付费业务和健康业务发展欣欣向荣。\n\n2021年一季度,付费用户数量大幅提升,环比增加23.55%、同比增长47.8%,直接影响会员服务业务收入同比增长 75.9%,达到2640万元。\n这说明凭借区域的垄断地位和对LGBTQ垂直领域的深耕细作,蓝城兄弟的用户粘性在持续提升。\n一方面,用户粘性是蓝城兄弟未来发展过程中抵御风险的护城河。另一方面,这些付费用户也为健康产品消费业务提供了消费人群基础。\n要实现业务核心的变更,我们不可忽视的是蓝城兄弟快速增长并被寄予厚望的荷尔健康商品销售业务。\n2021年一季度来自荷尔健康的商品销售收入为1140万元,同比增长297.7%。\n此前Blued的电商业务内容也主要局限于男性保健品与性器具,对用户需求的发掘并不深入。\n但2019年后,蓝城兄弟推出了独立健康服务品牌“荷尔健康”,以HIV的检测、阻断、预防和治疗为切入点,深入贴近了男同群体们不可言说的“健康需求”。\n\nHIV最早的传播就是从20世纪80年代的美国男同群体之间开始的。由于特殊的性行为方式,男同一直是HIV感染者的重灾区。在美国和欧洲,男性同性恋和双性恋男性是主要HIV感染群体。\n据中国卫健委透露,在2016年前三个季度识别出的96000例新发病例中,28%为MSM(男性同性恋性接触者),而这一数据在2006年仅为2.5%。\n艾滋对于男同群体的威胁远比普通人更高,因此这一群体对艾滋的防护、检测、阻断需求也更高。\n蓝城兄弟正是抓住了这一个“不可言说”的健康细分领域。把艾滋健康服务作为切入口之后,荷尔健康还拓展了性功能障碍、脱发等其他“难以启齿”的健康服务,凭借其用户群体的准确对接和深入绑定,开拓出了一条独特、小众却无可替代的健康业务之路。\n相比于通过电商售卖保健品与性器具,荷尔健康业务的消费频次更高、消费潜力更大、消费绑定也更加深入。\n荷尔健康业务成立两年不到的时间里,业务发展迅速,有望成为蓝城兄弟继直播之后的新生核心业务,真正打通了从流量到消费的商业闭环,粉红经济的故事脉络终于趋于完整。\n虽然相比于陌陌等传统异性社交平台,蓝城兄弟业务的流量池天然处于劣势。所以陌陌仅需深度经营国内区域,就能比蓝城兄弟辛苦开拓海外市场的收获多得多。\n但凭借相对小众的领域+绝对的市场占有率,蓝城兄弟得到的是更加有粘性的用户、更加坚固的市场壁垒以及路径清晰的业务增长。\n从得到用户流量到绑定用户消费,从直播变现到健康服务变现,蓝城兄弟的商业故事或许“难以启齿”,但也散发着其“小而美”的独特光辉。","news_type":1,"symbols_score_info":{"BLCT":0.9}},"isVote":1,"tweetType":1,"viewCount":5129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159275438,"gmtCreate":1624972881224,"gmtModify":1703849125234,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159275438","repostId":"1179060783","repostType":4,"isVote":1,"tweetType":1,"viewCount":3899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159272715,"gmtCreate":1624972845137,"gmtModify":1703849124095,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159272715","repostId":"1131894752","repostType":4,"isVote":1,"tweetType":1,"viewCount":4372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159272865,"gmtCreate":1624972815757,"gmtModify":1703849123444,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159272865","repostId":"1179060783","repostType":4,"isVote":1,"tweetType":1,"viewCount":4661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159276594,"gmtCreate":1624972798618,"gmtModify":1703849122468,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159276594","repostId":"1164662782","repostType":4,"repost":{"id":"1164662782","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":1624967212,"share":"https://ttm.financial/m/news/1164662782?lang=en_US&edition=fundamental","pubTime":"2021-06-29 19:46","market":"us","language":"zh","title":"Dingdong Maicai set its IPO price at the bottom of its guidance range at $23.5 per ADS.","url":"https://stock-news.laohu8.com/highlight/detail?id=1164662782","media":"老虎资讯综合","summary":"叮咚买菜据悉将美股IPO价格定在指导区间的底部23.5美元/ADS。\n相关阅读\n即将上市的叮咚买菜再次更新招股书,其筹资规模大幅缩减至此前额度的四分之一。最新的招股书显示,叮咚买菜首次公开发行370万","content":"<p>Dingdong Maicai has reportedly set its US IPO price at the bottom of its guidance range of $23.5 per ADS.</p><p><b>Related Reading</b></p><p>Dingdong Maicai, which is about to go public, has updated its prospectus again, significantly reducing its fundraising scale to a quarter of its previous amount. The latest prospectus shows that Dingdong Maicai has issued 3.7 million American Depositary Shares (ADSs) in its initial public offering, with the issue price range remaining the same as before, between $23.50 and $25.50. Based on the upper limit of the issue price range, Dingdong Maicai will raise approximately US$94 million.</p><p>A week ago, Dingdong Maicai's first updated prospectus showed that it would publicly offer 14 million American Depositary Shares, which could raise nearly $360 million based on the upper limit of the offering price range. In contrast, the most recently announced fundraising scale has been reduced to a quarter of the previous amount, which is an overall reduction of more than 70%.</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>Dingdong Maicai set its IPO price at the bottom of its guidance range at $23.5 per ADS.</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\">\nDingdong Maicai set its IPO price at the bottom of its guidance range at $23.5 per ADS.\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\">2021-06-29 19:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Dingdong Maicai has reportedly set its US IPO price at the bottom of its guidance range of $23.5 per ADS.</p><p><b>Related Reading</b></p><p>Dingdong Maicai, which is about to go public, has updated its prospectus again, significantly reducing its fundraising scale to a quarter of its previous amount. The latest prospectus shows that Dingdong Maicai has issued 3.7 million American Depositary Shares (ADSs) in its initial public offering, with the issue price range remaining the same as before, between $23.50 and $25.50. Based on the upper limit of the issue price range, Dingdong Maicai will raise approximately US$94 million.</p><p>A week ago, Dingdong Maicai's first updated prospectus showed that it would publicly offer 14 million American Depositary Shares, which could raise nearly $360 million based on the upper limit of the offering price range. In contrast, the most recently announced fundraising scale has been reduced to a quarter of the previous amount, which is an overall reduction of more than 70%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b69e234a63c2c0a69ccede7b0faaa18","relate_stocks":{"DDL":"叮咚买菜"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164662782","content_text":"叮咚买菜据悉将美股IPO价格定在指导区间的底部23.5美元/ADS。\n相关阅读\n即将上市的叮咚买菜再次更新招股书,其筹资规模大幅缩减至此前额度的四分之一。最新的招股书显示,叮咚买菜首次公开发行370万股美国存托股票(ADS),发行价格区间与此前相同,维持在23.5美元至25.5美元之间。按照发行价区间上限计算,叮咚买菜筹资金额大约在9400万美元左右。\n一周前,叮咚买菜首次更新的招股书显示其将公开发行1400万股美国存托股票,彼时按照发行价区间上限计算可筹资达到近3.6亿美元。对比之下,最近一次宣布的募资规模缩减至此前额度的四分之一,即总体缩减幅度超70%。","news_type":1,"symbols_score_info":{"DDL":0.9}},"isVote":1,"tweetType":1,"viewCount":4538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159276331,"gmtCreate":1624972786223,"gmtModify":1703849121653,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159276331","repostId":"2147863759","repostType":4,"repost":{"id":"2147863759","kind":"highlight","pubTimestamp":1624971302,"share":"https://ttm.financial/m/news/2147863759?lang=en_US&edition=fundamental","pubTime":"2021-06-29 20:55","market":"sh","language":"zh","title":"Tesla propelled CATL to the \"center stage\".","url":"https://stock-news.laohu8.com/highlight/detail?id=2147863759","media":"华尔街见闻","summary":"宁德时代最近成为新能源界的C位担当,一是因为董事长曾毓群暴涨的身价,二是因为和特斯拉的一纸电池合约。\n6月28日,宁德时代发布公告称,公司已与特斯拉签订协议,将在2022年1月至2025年12月期间,","content":"<p><a href=\"https://laohu8.com/S/300750\">CATL</a>He has recently become a central figure in the new energy industry, firstly because of the skyrocketing net worth of Chairman Zeng Yuqun, and secondly because of his...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL issued an announcement stating that it has signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, which is the next four years. Tesla determines the specific procurement details through orders, and the final sales amount is subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y, and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, CATL's stock price hit a new high on June 29, reaching 519.60 yuan per share during trading, with its total market capitalization exceeding 1.2 trillion yuan. At the close of trading, CATL's stock price closed at 508.51 yuan per share, up 2.96%. It became the first technology stock in the A-share market to enter the trillion-yuan club.</p><p>It is worth mentioning that since last year, CATL's stock price has skyrocketed, with its total market capitalization rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than four times.</p><p>On June 29,<a href=\"https://laohu8.com/S/601995\">CICC</a>The evaluation of this cooperation stated that CATL's agreement with Tesla this time is stronger than the previous one. Considering that downstream demand exceeded expectations, CATL has raised its profit forecast and increased its target price by 9% to RMB 600. CICC also raised its profit forecasts for CATL for 2021-2023 by 10%, 25% and 8%, to RMB 11 billion, RMB 20 billion and RMB 26.7 billion respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Dongwu Securities</a>A recent research report maintains a buy rating on CATL with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with automakers is tied to battery production capacity, which can solve battery supply bottlenecks and ensure that production capacity is not limited.</p><p>In addition, CICC analysts Zeng Tao and others pointed out in their report that the agreement did not specify the Chinese market, which means that CATL will take the opportunity of cooperating with Tesla's global market supply to accelerate the global expansion of its products. Boosted by global demand, CATL's global market share is expected to reach more than 30% in the long term.</p><p>This is another handshake between two leading companies. For CATL, which has already reached a trillion-yuan market capitalization, its deep ties with its largest customer, Tesla, are not only related to the battery installation capacity brought by that customer, but also an important ticket to breaking into the overseas power battery market.</p><p><h2><b>secondary</b><b>\"Holding hands\"</b></h2>It is reported that in 2018, when Musk signed the agreement to establish Tesla's Shanghai factory, he secretly met with Zeng Yuqun, chairman of CATL, but the two sides did not reach a substantive agreement.</p><p>At the “2019 World Artificial Intelligence Conference”, the two met again and finalized their cooperation intentions in just over 40 minutes.</p><p>In February 2020, a contract brought two leading companies in the new car and power battery industries together. At that time, CATL signed a \"Production Pricing Agreement (China)\" with Tesla, intending to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>Under this contract, CATL will supply batteries for Tesla's Model 3 produced in Shanghai. Following Tesla's launch of the Model Y in early 2021, the scope of cooperation between the two parties is expected to further expand.</p><p>On June 25 this year, based on this Agreement, the two parties signed the aforementioned cooperation framework Agreement, the \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply Tesla with lithium-ion power battery products over the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China,\" indicating that this supply agreement will cover the world.</p><p>The further deepening of cooperation between the two sides was actually foreshadowed long ago.</p><p>On June 3, Reuters, citing sources familiar with the matter, reported that CATL plans to build a large-scale power battery plant in Shanghai to supply half of Tesla's batteries for electric vehicles and rooftop energy storage worldwide.</p><p>Rumors suggest that the Shanghai factory will have an annual production capacity of 80GWh, while CATL's current capacity is 69.1GWh, with 77.5GWh under construction.</p><p>In addition, the recent \"blunder\" incident at CATL is also related to Tesla. Recently, someone claiming to be a CATL employee revealed that CATL is forcing manager-level employees to purchase Tesla Model 3s. Some employees claimed that the company's promotional activity for purchasing Teslas is to clear out Tesla inventory with \"problematic batteries\".</p><p>CATL stated that there were no quality issues and that there was no forced purchase. \"Regarding employee purchases of Teslas, the company is encouraging employees to buy electric vehicles at preferential prices in order to promote full electrification. There is no mandatory requirement, nor is it limited to Tesla, including most of the brands it supplies. It is stated that this program has been going on for three years, and last year it was during the National Day holiday.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the error, the relationship between Tesla and CATL is becoming even stronger.</p><p>CATL's Q1 2021 financial report shows that sales to the company's top five customers accounted for 41.08% of the current accounts receivable, and the company's main customers are large domestic and foreign automakers. The 2020 annual report shows that the difference in sales to the company's third and fourth largest customers is not significant.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated based on the installed capacity,</b><b>In 2020, Tesla was CATL's third largest customer, and by the first quarter of 2021, Tesla had jumped to become its largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The deepening bond between the two parties is not only due to Tesla's rise to become the largest customer. More importantly, Tesla is one of the key tickets for CATL to break into the overseas power battery market.</p><p>Previously, Jiang Li, Vice General Manager and Board Secretary of CATL, stated that<b>The cooperation between CATL and Tesla is not limited to the domestic market. The new contract may mark the beginning of the two parties' power battery cooperation going global.</b></p><p>Public data shows that CATL has already ranked first in terms of installed power battery capacity. In 2020, the Ministry of Industry and Information Technology published a valid catalog of more than 6,800 new energy vehicle models, of which more than 3,400 were equipped with power batteries by CATL, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantage in the global power battery competition is also further expanding.</p><p>According to the latest data from South Korean industry Research firm SNE Research, global electric vehicle battery energy consumption reached 47.8 GWh in the first quarter of 2021, a year-on-year increase of 127%, with CATL's significant growth in the first quarter being the main driving force.</p><p>Data shows that in the first quarter, CATL's battery installations increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% for the whole of 2020 to 31.5%, while its biggest competitors, LG Chem and...<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share fell to 20.5% and 16.7% respectively, while Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>However, the higher you climb, the colder it gets, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing the market covetously; Domestically,<a href=\"https://laohu8.com/S/002594\">BYD</a>This has already posed a threat to CATL. In March of last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it up to third-party automakers from its own use.</p><p>Therefore, deepening its ties with Tesla at this time may have some benefits for CATL, both in terms of installed power battery capacity and further enhancing its competitiveness in domestic and international markets.</p><p><h2><b>\"C position\"</b><b>Challenge</b></h2>Although Tesla's battery contract propelled CATL to the forefront, this trillion-dollar company already has a very solid position in the new energy field.</p><p>As a leading global power battery supplier, CATL not only supplies new car manufacturers such as Tesla, but also cooperates with traditional automakers such as Mercedes-Benz and Honda. Three new domestic car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>According to statistics from analyst firm SNE, CATL has ranked first in the global ranking of power battery installations for four consecutive years. In 2020, CATL's global installed capacity of power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the booming new energy sector, this behind-the-scenes giant has been coming to the forefront since last year, attracting capital attention. For example, clearance sale in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Subsequently, Hillhouse Capital turned its heavy investment in CATL, subscribing to a 10 billion yuan private placement.</p><p>CATL's soaring stock price has also attracted more attention from investors. On May 21, CATL also hosted a research visit of 54 people from 33 institutional investors, including large public funds, foreign institutions, and securities asset management firms. These institutional investors are mainly concerned about the development of solid-state batteries, the company's three strategic directions, and its layout in the photovoltaic field.</p><p>CATL is not the only company recognized by the outside world; its chairman, Zeng Yuqun, has also repeatedly ranked among the top on the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the Forbes Rich List showed that Zeng Yuqun, chairman of CATL, had a net worth of US$44.7 billion (approximately RMB 288.8 billion), ranking 30th globally. This is his first time entering the top 30 of the list.</p><p>In early May, Zeng Yuqun successfully became the richest man in Hong Kong. With a net worth of US$34.5 billion, he shook the list of Hong Kong's richest people, which had been dominated by the \"Li family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau-kee (US$32.1 billion) and Li Ka-shing (US$34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd, and now he has broken into the top 30.</p><p>Within a year, CATL has repeatedly gained popularity and attracted much attention in both the primary and secondary markets. As the first A-share listed technology company with a market capitalization of one trillion yuan, how long can CATL stand in the center position?</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>Tesla propelled CATL to the \"center stage\".</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\">\nTesla propelled CATL to the \"center stage\".\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\">2021-06-29 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/300750\">CATL</a>He has recently become a central figure in the new energy industry, firstly because of the skyrocketing net worth of Chairman Zeng Yuqun, and secondly because of his...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL issued an announcement stating that it has signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, which is the next four years. Tesla determines the specific procurement details through orders, and the final sales amount is subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y, and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, CATL's stock price hit a new high on June 29, reaching 519.60 yuan per share during trading, with its total market capitalization exceeding 1.2 trillion yuan. At the close of trading, CATL's stock price closed at 508.51 yuan per share, up 2.96%. It became the first technology stock in the A-share market to enter the trillion-yuan club.</p><p>It is worth mentioning that since last year, CATL's stock price has skyrocketed, with its total market capitalization rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than four times.</p><p>On June 29,<a href=\"https://laohu8.com/S/601995\">CICC</a>The evaluation of this cooperation stated that CATL's agreement with Tesla this time is stronger than the previous one. Considering that downstream demand exceeded expectations, CATL has raised its profit forecast and increased its target price by 9% to RMB 600. CICC also raised its profit forecasts for CATL for 2021-2023 by 10%, 25% and 8%, to RMB 11 billion, RMB 20 billion and RMB 26.7 billion respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Dongwu Securities</a>A recent research report maintains a buy rating on CATL with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with automakers is tied to battery production capacity, which can solve battery supply bottlenecks and ensure that production capacity is not limited.</p><p>In addition, CICC analysts Zeng Tao and others pointed out in their report that the agreement did not specify the Chinese market, which means that CATL will take the opportunity of cooperating with Tesla's global market supply to accelerate the global expansion of its products. Boosted by global demand, CATL's global market share is expected to reach more than 30% in the long term.</p><p>This is another handshake between two leading companies. For CATL, which has already reached a trillion-yuan market capitalization, its deep ties with its largest customer, Tesla, are not only related to the battery installation capacity brought by that customer, but also an important ticket to breaking into the overseas power battery market.</p><p><h2><b>secondary</b><b>\"Holding hands\"</b></h2>It is reported that in 2018, when Musk signed the agreement to establish Tesla's Shanghai factory, he secretly met with Zeng Yuqun, chairman of CATL, but the two sides did not reach a substantive agreement.</p><p>At the “2019 World Artificial Intelligence Conference”, the two met again and finalized their cooperation intentions in just over 40 minutes.</p><p>In February 2020, a contract brought two leading companies in the new car and power battery industries together. At that time, CATL signed a \"Production Pricing Agreement (China)\" with Tesla, intending to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>Under this contract, CATL will supply batteries for Tesla's Model 3 produced in Shanghai. Following Tesla's launch of the Model Y in early 2021, the scope of cooperation between the two parties is expected to further expand.</p><p>On June 25 this year, based on this Agreement, the two parties signed the aforementioned cooperation framework Agreement, the \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply Tesla with lithium-ion power battery products over the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China,\" indicating that this supply agreement will cover the world.</p><p>The further deepening of cooperation between the two sides was actually foreshadowed long ago.</p><p>On June 3, Reuters, citing sources familiar with the matter, reported that CATL plans to build a large-scale power battery plant in Shanghai to supply half of Tesla's batteries for electric vehicles and rooftop energy storage worldwide.</p><p>Rumors suggest that the Shanghai factory will have an annual production capacity of 80GWh, while CATL's current capacity is 69.1GWh, with 77.5GWh under construction.</p><p>In addition, the recent \"blunder\" incident at CATL is also related to Tesla. Recently, someone claiming to be a CATL employee revealed that CATL is forcing manager-level employees to purchase Tesla Model 3s. Some employees claimed that the company's promotional activity for purchasing Teslas is to clear out Tesla inventory with \"problematic batteries\".</p><p>CATL stated that there were no quality issues and that there was no forced purchase. \"Regarding employee purchases of Teslas, the company is encouraging employees to buy electric vehicles at preferential prices in order to promote full electrification. There is no mandatory requirement, nor is it limited to Tesla, including most of the brands it supplies. It is stated that this program has been going on for three years, and last year it was during the National Day holiday.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the error, the relationship between Tesla and CATL is becoming even stronger.</p><p>CATL's Q1 2021 financial report shows that sales to the company's top five customers accounted for 41.08% of the current accounts receivable, and the company's main customers are large domestic and foreign automakers. The 2020 annual report shows that the difference in sales to the company's third and fourth largest customers is not significant.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated based on the installed capacity,</b><b>In 2020, Tesla was CATL's third largest customer, and by the first quarter of 2021, Tesla had jumped to become its largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The deepening bond between the two parties is not only due to Tesla's rise to become the largest customer. More importantly, Tesla is one of the key tickets for CATL to break into the overseas power battery market.</p><p>Previously, Jiang Li, Vice General Manager and Board Secretary of CATL, stated that<b>The cooperation between CATL and Tesla is not limited to the domestic market. The new contract may mark the beginning of the two parties' power battery cooperation going global.</b></p><p>Public data shows that CATL has already ranked first in terms of installed power battery capacity. In 2020, the Ministry of Industry and Information Technology published a valid catalog of more than 6,800 new energy vehicle models, of which more than 3,400 were equipped with power batteries by CATL, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantage in the global power battery competition is also further expanding.</p><p>According to the latest data from South Korean industry Research firm SNE Research, global electric vehicle battery energy consumption reached 47.8 GWh in the first quarter of 2021, a year-on-year increase of 127%, with CATL's significant growth in the first quarter being the main driving force.</p><p>Data shows that in the first quarter, CATL's battery installations increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% for the whole of 2020 to 31.5%, while its biggest competitors, LG Chem and...<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share fell to 20.5% and 16.7% respectively, while Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>However, the higher you climb, the colder it gets, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing the market covetously; Domestically,<a href=\"https://laohu8.com/S/002594\">BYD</a>This has already posed a threat to CATL. In March of last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it up to third-party automakers from its own use.</p><p>Therefore, deepening its ties with Tesla at this time may have some benefits for CATL, both in terms of installed power battery capacity and further enhancing its competitiveness in domestic and international markets.</p><p><h2><b>\"C position\"</b><b>Challenge</b></h2>Although Tesla's battery contract propelled CATL to the forefront, this trillion-dollar company already has a very solid position in the new energy field.</p><p>As a leading global power battery supplier, CATL not only supplies new car manufacturers such as Tesla, but also cooperates with traditional automakers such as Mercedes-Benz and Honda. Three new domestic car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>According to statistics from analyst firm SNE, CATL has ranked first in the global ranking of power battery installations for four consecutive years. In 2020, CATL's global installed capacity of power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the booming new energy sector, this behind-the-scenes giant has been coming to the forefront since last year, attracting capital attention. For example, clearance sale in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Subsequently, Hillhouse Capital turned its heavy investment in CATL, subscribing to a 10 billion yuan private placement.</p><p>CATL's soaring stock price has also attracted more attention from investors. On May 21, CATL also hosted a research visit of 54 people from 33 institutional investors, including large public funds, foreign institutions, and securities asset management firms. These institutional investors are mainly concerned about the development of solid-state batteries, the company's three strategic directions, and its layout in the photovoltaic field.</p><p>CATL is not the only company recognized by the outside world; its chairman, Zeng Yuqun, has also repeatedly ranked among the top on the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the Forbes Rich List showed that Zeng Yuqun, chairman of CATL, had a net worth of US$44.7 billion (approximately RMB 288.8 billion), ranking 30th globally. This is his first time entering the top 30 of the list.</p><p>In early May, Zeng Yuqun successfully became the richest man in Hong Kong. With a net worth of US$34.5 billion, he shook the list of Hong Kong's richest people, which had been dominated by the \"Li family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau-kee (US$32.1 billion) and Li Ka-shing (US$34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd, and now he has broken into the top 30.</p><p>Within a year, CATL has repeatedly gained popularity and attracted much attention in both the primary and secondary markets. As the first A-share listed technology company with a market capitalization of one trillion yuan, how long can CATL stand in the center position?</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3634141\">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/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代","TSLA":"特斯拉"},"source_url":"https://wallstreetcn.com/articles/3634141","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147863759","content_text":"宁德时代最近成为新能源界的C位担当,一是因为董事长曾毓群暴涨的身价,二是因为和特斯拉的一纸电池合约。\n6月28日,宁德时代发布公告称,公司已与特斯拉签订协议,将在2022年1月至2025年12月期间,也就是未来四年,向特斯拉供应锂离子动力电池产品。具体的采购情况特斯拉以订单方式确定,最终销售金额须以特斯拉发出的采购订单实际结算为准。\n未来,特斯拉旗下的Model 3、Model Y等车型将会使用来自宁德时代的电池组。\n\n受此消息影响,6月29日,宁德时代股价再创新高,盘中股价一度达到519.60元/股,总市值突破1.2万亿元。截至收盘,宁德时代股价报收508.51元/股,涨幅达2.96%。成为A股中第一家跨进万亿俱乐部的科技股。\n值得一提的是,自去年以来,宁德时代的股价如同坐上火箭,总市值由0.23万亿元上涨至1.18万亿元,涨幅超过4倍。\n6月29日,中金公司对此合作评价称,宁德时代此次与特斯拉的协议较之前合作力度更大,考虑到公司下游需求超预期,上调宁德时代的盈利预测,并将目标价调升9%至600元人民币。中金还上调了宁德时代2021-2023年的盈利预测10%、25%和8%,分别至110亿元、200亿元和267亿元。\n东吴证券近日发布研报称,维持宁德时代买入评级,目标价格为607.5元。其评级理由就包括:与车企的战略合作协议系绑定电池产能,能解决电池供应瓶颈,确保产能不受限。\n另外,中金分析师曾韬等在报告中指出,此次协议未约定中国市场,意味着宁德时代将以配合特斯拉全球市场供应为契机,推动产品加速走向全球。全球需求提振下,宁德时代远期全球市场份额有望达到30%以上。\n这是两家头部企业的再次握手。对于已经站上万亿市值高位的宁德时代而言,与第一大客户特斯拉的深度捆绑,不仅关乎该客户带来的电池装机量,更是一张突围海外动力电池市场的重要门票。\n二次“牵手”\n据悉,2018年,马斯克在签署特斯拉上海工厂落地协议时,曾秘密会见宁德时代董事长曾毓群,不过双方未达成实质性协议。\n在“2019世界人工智能大会”上,二人再度会面,用40多分钟敲定了合作意向。\n2020年2月,一份合约让新造车和动力电池的两家头部企业真正走到一起。彼时,宁德时代与特斯拉签订《Production Pricing Agreement (China)》,拟于2020年7月至2022年6月期间向特斯拉供应锂离子动力电池产品。\n据此合约,宁德时代为特斯拉在上海生产的Model 3供应电池。2021年初,特斯拉推出Model Y后,双方的合作范围也有望进一步扩大。\n今年6月25日,在该协议的基础上,双方又签订了上文提及的合作框架协议《Production Pricing Agreement》。协议约定宁德时代计划在未来四年向特斯拉供应锂离子动力电池产品。有分析认为,前后两份合作框架协议的区别在于去掉了“China”,预示着本次供货协议将覆盖全球。\n双方的合作进一步深入,其实早就有预示。\n6月3日,路透社援引知情人士消息称,宁德时代计划在上海新建一家大型动力电池厂,提供特斯拉在全球范围内一半用于电动汽车和屋顶储能的电池。\n有传言称,上海工厂年产能将达到80GWh,而宁德时代现有产能为69.1GWh,并有77.5GWh产能在建中。\n另外,宁德时代日前发生的“乌龙事件”也与特斯拉有关。近日,有自称是宁德时代员工的人员爆料,宁德时代强制经理级别员工购买特斯拉Model 3,有员工称公司推出购买特斯拉的优惠活动,是为了清掉“电池有问题”的特斯拉库存。\n宁德时代则表示,没有质量问题,也没有强制购买。“关于员工购买特斯拉是公司为推行全面电动化,以优惠价格鼓励员工购买电动车,没有强制,也不限于特斯拉,包括其大部分供货的品牌。称此活动已持续三年,去年是在国庆节期间。”\n“绑定”加深\n不论乌龙事件如何,特斯拉和宁德时代的关系都在进一步绑定。\n宁德时代2021年Q1财报显示,公司面向前五大客户的销售金额占当期应收比例为41.08%,公司主要客户为大型境内外车企。2020年年报显示,公司面对第三和第四大客户的销售额差距不大。\n\n而据世纪证券,按装机口径计算, 2020年特斯拉为宁德时代第三大客户,而到2021年第一季度,特斯拉一跃成为最大客户 。\n双方的绑定加深,不仅在于特斯拉跃升为最大客户。更关键的是特斯拉是宁德时代突围海外动力电池市场的重要门票之一。\n此前,宁德时代副总经理、董事会秘书蒋理曾表示,宁德时代与特斯拉的合作不局限于国内。新合约或许就是双方的动力电池合作走出国门的开始。\n公开数据表明,宁德时代在动力电池装机量上已经处于C位。2020年工信部公布的新能源车型有效目录共有6800多款车型,其中宁德时代配套动力电池的有3400多款,在全部动力电池厂商中占比最高。\n宁德时代在全球动力电池竞争中的优势也在进一步扩大。\n据韩国行业调研机构SNE Research最新数据,2021年第一季度,全球电动车电池能耗为47.8 GWh,同比增长127%,宁德时代一季度的大幅增长为主要推动力。\n数据显示,第一季度,宁德时代电池装机量同比增长320.8%至15.1 GWh,市占率从2020年全年的25%再度扩大至31.5%,而其最大竞争对手LG化学以及松下的市占率则分别下降至20.5%和16.7%,松下市占率一年内下降近10个百分点。\n但高处不胜寒,宁德时代仍然需要面对海内外不少竞争对手。\n在海外,有LG化学等企业虎视眈眈;在国内,比亚迪已经对宁德时代构成了威胁。去年3月,比亚迪发布了基于磷酸铁锂材料的刀片电池,并逐渐从自用开放给第三方车企。\n因而,此时与特斯拉加深绑定,对宁德时代而言,无论是对动力电池装机量,还是进一步提升海内外市场竞争力,或许都存在一些好处。\n“C位”挑战\n虽然本次是特斯拉的电池合约将宁德时代送上C位,但这家万亿市值的公司,在新能源领域的地位已经十分稳固。\n作为全球头部动力电池供应商,宁德时代不仅为特斯拉等新造车代表供货,还与奔驰、本田等传统车企合作。国内新造车三家企业也选择了宁德时代的动力电池。\n韩国新能源分析机构SNE统计称,宁德时代已连续四年在全球动力电池装车量排名中居于首位。就在2020年,宁德时代动力电池的全球装车量为34GWh,市场份额接近四分之一。\n随着新能源板块的火爆,这家幕后巨头从去年开始走向台前,获得资本关注。例如,在2020年清仓蔚来后,高瓴资本就转而重仓宁德时代,认购了100亿元的定增。\n股价飙升的宁德时代,也受到更多投资者的关注。5月21日,宁德时代还接待了33家机构投资者共54人的调研,其中包括大型公募基金、外资机构以及券商资管等。这些机构投资者们关心的话题,主要在固态电池发展、公司三大战略方向以及光伏领域的布局等方面。\n被外界认知的不止有宁德时代,其董事长曾毓群也屡次跻身福布斯富豪榜的前列。\n截至6月28日上午11点半,福布斯富豪榜的实时榜单显示,宁德时代董事长曾毓群身价达到447亿美元(约合2888亿元人民币),位列全球第30位。这是他首次进入榜单前30名。\n而就在5月初,曾毓群成功问鼎香港首富。他以345亿美元的身价,动摇了被“李氏家族”霸榜20余年的香港首富榜,个人财富一度超过李兆基(321亿美元)和李嘉诚(344亿美元)。\n彼时,曾毓群在全球富豪榜上的排名升至全球第42名,而今他已经突围进前30名。\n一年之内,宁德时代多次出圈,在一、二级市场备受关注。作为A股第一家万亿市值的科技公司,宁德时代在C位上又能矗立多久?","news_type":1,"symbols_score_info":{"300750":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159278430,"gmtCreate":1624972770820,"gmtModify":1703849121165,"author":{"id":"3572785300913507","authorId":"3572785300913507","name":"山风_8300","avatar":"https://static.tigerbbs.com/297d7c59c9be350172849ef10e98943c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572785300913507","idStr":"3572785300913507"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159278430","repostId":"1162626672","repostType":4,"repost":{"id":"1162626672","kind":"news","pubTimestamp":1624950782,"share":"https://ttm.financial/m/news/1162626672?lang=en_US&edition=fundamental","pubTime":"2021-06-29 15:13","market":"us","language":"zh","title":"Warren Buffett summarized 8 valuable experiences and lessons from the pandemic.","url":"https://stock-news.laohu8.com/highlight/detail?id=1162626672","media":"智通财经 ","summary":"许多人成功的方法之一是把每一次危机都当作一个机会来对待。尽管巴菲特向慈善机构捐赠了数十亿美元,但他的净资产在今年3月突破了1000亿美元大关。巴菲特不仅变得更富有,还为其他投资者带来了一些宝贵的经验教","content":"<p><b>One of the ways many people succeed is to treat every crisis as an opportunity.</b>Despite donating billions of dollars to charity, Buffett's net worth surpassed the $100 billion mark in March of this year. Buffett not only became richer, but also brought some valuable lessons to other investors.</p><p>01 New investment? Leveraging the S&P 500</p><p>At Berkshire Hathaway's annual meeting last month, Buffett talked about one of his favorite investments—one that emerged as a winner during the pandemic.</p><p>Buffett said, \"I recommend the S&P 500 index fund and have long recommended it to people.\" He also said that after his death, 90% of the money he left to his wife will go into the S&P 500 fund.</p><p>The S&P 500 index fund is a mutual fund or ETF that mimics the familiar stock index that tracks the 500 largest companies in the United States. Despite the pandemic, the S&P 500 surged 16% in 2020 and reached a new high in 2021.</p><p>At the shareholders meeting in Los Angeles, Buffett said, \"I like Berkshire Hathaway, but I think someone who knows nothing about stocks and has no special feelings about Berkshire Hathaway should buy the S&P 500.\"</p><p>02 Be realistic – even when the market loses its mind</p><p>Buffett advises investors to take a long-term and practical approach, rather than \"making 30 or 40 trades a day.\"</p><p>During the meeting, Buffett presented two slides showing the 20 largest companies in the world by market capitalization today and in 1989. None of the companies that made the list in 1989 are from the 2021 version. The lesson is: life is unpredictable, and picking winners is not easy.</p><p>\"If you only hold diversified stocks, like U.S. stocks, that would be my preference, but hold them for more than 30 years,\" he said.</p><p>03 Don't count on pensions</p><p>A more worrying trend that Buffett delved into at a Berkshire Hathaway conference was the increasingly unstable status of pension funds in many states, an issue he said he had been concerned about since 2013.</p><p>\"The pension situation in many states is terrible,\" Buffett said. \"The situation hasn't improved. Clearly, it hasn't improved at all.\"</p><p>The pandemic has already strangled state finances and will only exacerbate pension problems for which there is currently no long-term solution. Data from Pew Charitable Trusts shows that before the pandemic began, the national pension plan already lacked $1 trillion to meet its future obligations to retirees.</p><p>04 Investors should be wary of certain investments.</p><p>Buffett sold airline stocks because of COVID-19.</p><p>The pandemic crisis devastated the entire aviation industry, but airlines survived with the help of the government. But without this support, you will see a completely new plane crash. The industry still has several months to return to normal business (and normal profit margins).</p><p>\"I still don't want to buy airlines,\" Buffett told his Berkshire shareholders.</p><p>Delta Air Lines (DAL) was one of the airlines that Berkshire Hathaway sold from its portfolio, and its stock price fell by more than half between March 1 and May 15 last year. Since then, the stock prices of the company and other major U.S. airlines have rebounded, but Buffett has little confidence in the economic fundamentals of the aviation industry.</p><p>05 Stick to your long-term plan</p><p>Buffett says to stick to your financial goals. Buffett still believes that the U.S. economy will rebound from the COVID-19 crisis, but he told shareholders that the future is far from certain.</p><p>“You can bet on the United States, but you have to be careful how you bet,” he said. He later reiterated that the world can change in \"very, very dramatic ways\".</p><p>Buffett has never wavered in his belief that holding stocks for the long term is the right investment strategy for a stable financial future. At the Berkshire meeting, he was even reminded that he had once said that holding a stock forever was \"too short.\"</p><p>06 Make full use of low interest rates</p><p>With interest rates falling, Buffett says now is a good time to borrow money.</p><p>With the Federal Reserve committed to keeping key interest rates near zero, Buffett believes borrowers will have an excellent opportunity in 2021.</p><p>“These are fascinating times,” Buffett told investors, adding that the low-interest-rate environment is “very pleasant.”</p><p>“The economy fell off a cliff in March 2020,” Buffett said. \"Through the actions of the Federal Reserve, it was resurrected in a very effective way.\"</p><p>07 Avoid Credit Card Debt</p><p>If you have credit card debt, get rid of it, says Buffett.</p><p>The pandemic has led to business closures and layoffs, forcing millions of Americans to rely on credit cards to meet basic financial needs. This is a good survival strategy, but the resulting balance and high interest rates can create long-term financial pressure.</p><p>At Berkshire's 2020 online shareholder meeting, he recalled his advice to a friend who had received a windfall and was considering the wisest way to spend. She told Buffett that she still had credit card debt—at 18% interest.</p><p>Buffett remembers telling her, \"If I had 18% debt, the first thing I would do with the money I had was pay it off.\" \"You can't borrow money at that interest rate your whole life and then live a better life.\"</p><p>08 Always prepare for the worst</p><p>Buffett says a \"catastrophe\" is coming. It's not without reason that Buffett is called an \"oracle\". In 2019, he warned that the world would face a \"catastrophe\" that would dwarf the chaos caused by Hurricanes Katrina and Michael.</p><p>When the pandemic first hit the United States, Buffett said in an interview, \"I always felt that a pandemic was going to happen sooner or later.\"</p><p>You might think that someone who has invested so much in insurance would have such foresight—Berkshire Hathaway owns Geico and several other insurers—that preparing for the worst is a core part of the business model.</p><p>“Over the past 15 months, we’ve seen some strange things happen in the world,” he told his investors this year. \"And we are always aware that stranger things will happen in the future.\"</p>","source":"stock_zhitongcaijing","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>Warren Buffett summarized 8 valuable experiences and lessons from the pandemic.</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\">\nWarren Buffett summarized 8 valuable experiences and lessons from the pandemic.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经 </strong><span class=\"h-time small\">2021-06-29 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>One of the ways many people succeed is to treat every crisis as an opportunity.</b>Despite donating billions of dollars to charity, Buffett's net worth surpassed the $100 billion mark in March of this year. Buffett not only became richer, but also brought some valuable lessons to other investors.</p><p>01 New investment? Leveraging the S&P 500</p><p>At Berkshire Hathaway's annual meeting last month, Buffett talked about one of his favorite investments—one that emerged as a winner during the pandemic.</p><p>Buffett said, \"I recommend the S&P 500 index fund and have long recommended it to people.\" He also said that after his death, 90% of the money he left to his wife will go into the S&P 500 fund.</p><p>The S&P 500 index fund is a mutual fund or ETF that mimics the familiar stock index that tracks the 500 largest companies in the United States. Despite the pandemic, the S&P 500 surged 16% in 2020 and reached a new high in 2021.</p><p>At the shareholders meeting in Los Angeles, Buffett said, \"I like Berkshire Hathaway, but I think someone who knows nothing about stocks and has no special feelings about Berkshire Hathaway should buy the S&P 500.\"</p><p>02 Be realistic – even when the market loses its mind</p><p>Buffett advises investors to take a long-term and practical approach, rather than \"making 30 or 40 trades a day.\"</p><p>During the meeting, Buffett presented two slides showing the 20 largest companies in the world by market capitalization today and in 1989. None of the companies that made the list in 1989 are from the 2021 version. The lesson is: life is unpredictable, and picking winners is not easy.</p><p>\"If you only hold diversified stocks, like U.S. stocks, that would be my preference, but hold them for more than 30 years,\" he said.</p><p>03 Don't count on pensions</p><p>A more worrying trend that Buffett delved into at a Berkshire Hathaway conference was the increasingly unstable status of pension funds in many states, an issue he said he had been concerned about since 2013.</p><p>\"The pension situation in many states is terrible,\" Buffett said. \"The situation hasn't improved. Clearly, it hasn't improved at all.\"</p><p>The pandemic has already strangled state finances and will only exacerbate pension problems for which there is currently no long-term solution. Data from Pew Charitable Trusts shows that before the pandemic began, the national pension plan already lacked $1 trillion to meet its future obligations to retirees.</p><p>04 Investors should be wary of certain investments.</p><p>Buffett sold airline stocks because of COVID-19.</p><p>The pandemic crisis devastated the entire aviation industry, but airlines survived with the help of the government. But without this support, you will see a completely new plane crash. The industry still has several months to return to normal business (and normal profit margins).</p><p>\"I still don't want to buy airlines,\" Buffett told his Berkshire shareholders.</p><p>Delta Air Lines (DAL) was one of the airlines that Berkshire Hathaway sold from its portfolio, and its stock price fell by more than half between March 1 and May 15 last year. Since then, the stock prices of the company and other major U.S. airlines have rebounded, but Buffett has little confidence in the economic fundamentals of the aviation industry.</p><p>05 Stick to your long-term plan</p><p>Buffett says to stick to your financial goals. Buffett still believes that the U.S. economy will rebound from the COVID-19 crisis, but he told shareholders that the future is far from certain.</p><p>“You can bet on the United States, but you have to be careful how you bet,” he said. He later reiterated that the world can change in \"very, very dramatic ways\".</p><p>Buffett has never wavered in his belief that holding stocks for the long term is the right investment strategy for a stable financial future. At the Berkshire meeting, he was even reminded that he had once said that holding a stock forever was \"too short.\"</p><p>06 Make full use of low interest rates</p><p>With interest rates falling, Buffett says now is a good time to borrow money.</p><p>With the Federal Reserve committed to keeping key interest rates near zero, Buffett believes borrowers will have an excellent opportunity in 2021.</p><p>“These are fascinating times,” Buffett told investors, adding that the low-interest-rate environment is “very pleasant.”</p><p>“The economy fell off a cliff in March 2020,” Buffett said. \"Through the actions of the Federal Reserve, it was resurrected in a very effective way.\"</p><p>07 Avoid Credit Card Debt</p><p>If you have credit card debt, get rid of it, says Buffett.</p><p>The pandemic has led to business closures and layoffs, forcing millions of Americans to rely on credit cards to meet basic financial needs. This is a good survival strategy, but the resulting balance and high interest rates can create long-term financial pressure.</p><p>At Berkshire's 2020 online shareholder meeting, he recalled his advice to a friend who had received a windfall and was considering the wisest way to spend. She told Buffett that she still had credit card debt—at 18% interest.</p><p>Buffett remembers telling her, \"If I had 18% debt, the first thing I would do with the money I had was pay it off.\" \"You can't borrow money at that interest rate your whole life and then live a better life.\"</p><p>08 Always prepare for the worst</p><p>Buffett says a \"catastrophe\" is coming. It's not without reason that Buffett is called an \"oracle\". In 2019, he warned that the world would face a \"catastrophe\" that would dwarf the chaos caused by Hurricanes Katrina and Michael.</p><p>When the pandemic first hit the United States, Buffett said in an interview, \"I always felt that a pandemic was going to happen sooner or later.\"</p><p>You might think that someone who has invested so much in insurance would have such foresight—Berkshire Hathaway owns Geico and several other insurers—that preparing for the worst is a core part of the business model.</p><p>“Over the past 15 months, we’ve seen some strange things happen in the world,” he told his investors this year. \"And we are always aware that stranger things will happen in the future.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.zhitongcaijing.com/content/detail/503261.html\">智通财经 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9beffeecb928009bf6287e307899ffe3","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.zhitongcaijing.com/content/detail/503261.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162626672","content_text":"许多人成功的方法之一是把每一次危机都当作一个机会来对待。尽管巴菲特向慈善机构捐赠了数十亿美元,但他的净资产在今年3月突破了1000亿美元大关。巴菲特不仅变得更富有,还为其他投资者带来了一些宝贵的经验教训。\n01 新投资吗?利用标普500\n在上个月伯克希尔哈撒韦公司的年会上,巴菲特谈到了他最喜欢的一项投资——该投资在疫情期间成为赢家。\n巴菲特说:“我推荐标普500指数基金,并且长期以来一直向人们推荐。”他还说,在他去世后,他留给妻子的90%的钱将进入标普500基金。\n标普500指数基金是模仿人们熟悉的跟踪美国500家最大公司的股票指数的共同基金或ETF。尽管疫情爆发,标普500指数在2020年飙升16%,并在2021年创下新高。\n巴菲特在洛杉矶的股东大会上表示:“我喜欢伯克希尔,但我认为一个对股票一无所知,对伯克希尔没有任何特殊感觉的人,他们应该购买标普500指数。”\n02 要实际——即使在市场失去理智的时候\n巴菲特建议投资者长期且实际的方法,而不是“每天进行30或40笔交易。”\n在会议期间,巴菲特展示了两张幻灯片,展示了当今和1989年全球市值最大的20家公司。89年上榜的公司没有一家是2021年版的。教训是:世事无常,挑选赢家并不容易。\n\"如果你只持有多元化的股票,比如美国股票,那将是我的偏好,但要持有超过30年,\"他说。\n03 不要指望养老金\n巴菲特在伯克希尔哈撒韦公司的会议上深入研究的一个更令人担忧的趋势,许多州养老基金的地位越来越不稳定,他说他从2013年就开始关注这个问题。\n巴菲特说:“很多州的养老金状况都很糟糕。”“情况并没有好转。显然,情况一点也没有好转。”\n疫情已经扼杀了各州的财政,只会加剧目前没有长期解决方案的养老金问题。Pew Charitable Trusts的数据显示,在大流行开始之前,国家养老金计划已经缺乏1万亿美元的资金来满足未来对退休人员的义务。\n04 投资者应该对某些投资保持警惕\n巴菲特因为COVID-19的原因抛售了航空股。\n疫情危机摧毁了整个航空行业,然而航空公司在政府的帮助下幸存下来。但如果没有这种支持,你会看到一场全新的空难。要想恢复正常的业务(以及正常的利润率),该行业还有好几个月的时间。\n“我还是不想买航空公司,”巴菲特告诉他的伯克希尔股东。\n达美航空(DAL)是伯克希尔从其投资组合中抛售的航空公司之一,该公司股价在去年3月1日至5月15日期间下跌了一半以上。此后,该股和美国其他主要航空公司的股价都有所回升,但巴菲特对航空业的经济基本面没有多大信心。\n05 坚持你的长期计划\n巴菲特说,要坚持你的财务目标。巴菲特仍然相信,美国经济将从COVID - 19危机中反弹,但他告诉股东,未来远非确定。\n“你可以押注美国,但你必须小心如何押注,”他说。他后来重申,世界可以以“非常、非常戏剧性的方式”发生变化。\n巴菲特从来没有动摇过他的信念,长期持有股票是一个稳定的财务未来的正确投资策略。在伯克希尔的会议上,他甚至被提醒说,他曾经说过永远持有一只股票“太短了”。\n06 充分利用低利率\n随着利率的下降,巴菲特说现在是借钱的好时机。\n由于美联储承诺将关键利率维持在接近零的水平,巴菲特认为2021年借款人将有极好的机会。\n“这是一个迷人的时代,”巴菲特告诉投资者,并补充说低利率环境“非常令人愉快”。\n“经济在2020年3月跌落悬崖,”巴菲特说。“通过美联储的行动,它以一种非常有效的方式复活了。”\n07 避免信用卡债务\n巴菲特说,如果你有信用卡债务,那就摆脱它。\n疫情导致企业关闭和裁员,迫使数百万美国人依靠信用卡来满足基本的金融需求。这是一个很好的生存策略,但由此产生的平衡和高利率会造成长期的财务压力。\n在伯克希尔2020年的在线股东大会上,他回忆了自己给一位获得意外之财的朋友的建议,这位朋友当时正在考虑最明智的消费方式。她告诉巴菲特,她还有信用卡债务——利息为18%。\n巴菲特记得对她说:“如果我有18%的债务,我会用手头的钱做的第一件事就是还清。”“你不可能一辈子都以这样的利率借钱,然后过得更好。”\n08 总是做最坏打算\n巴菲特说,一场“大灾难”即将来临。称巴菲特为“神谕”不是没有原因的。2019年,他警告说,世界将迎来一场“特大灾难”,这将使卡特里娜飓风和迈克尔飓风造成的混乱相形见绌。\n当疫情首次袭击美国时,巴菲特在一次采访中说,“我一直觉得一场大流行迟早会发生。”\n你可能会认为,在保险业投入如此之多的人会有这样的远见——伯克希尔哈撒韦拥有Geico和其他几家保险公司——为最坏的情况做准备是商业模式的核心部分。\n“过去15个月里,我们看到世界上发生了一些奇怪的事情,”他今年告诉他的投资者。“而且我们总是意识到未来会发生更奇怪的事情。”","news_type":1,"symbols_score_info":{"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":4494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}