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- MoichiewMoichiew
  ·2021-06-30
  ?
  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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- MoichiewMoichiew
  ·2021-06-30
  ???
  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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- MoichiewMoichiew
  ·2021-06-30
  ??
  Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.
  北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。上市前夕发行规模缩减7成叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示
  Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.
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- MoichiewMoichiew
  ·2021-06-30
  ???
  Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.
  北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。上市前夕发行规模缩减7成叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示
  Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.
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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":7050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153973917,"gmtCreate":1625008126639,"gmtModify":1703849826080,"author":{"id":"4087877573545530","authorId":"4087877573545530","name":"Moichiew","avatar":"https://static.tigerbbs.com/8743c5627993aea2fa1607c89111bfef","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087877573545530","authorIdStr":"4087877573545530"},"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/153973917","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":4546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153979352,"gmtCreate":1625008084376,"gmtModify":1703849824451,"author":{"id":"4087877573545530","authorId":"4087877573545530","name":"Moichiew","avatar":"https://static.tigerbbs.com/8743c5627993aea2fa1607c89111bfef","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087877573545530","authorIdStr":"4087877573545530"},"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/153979352","repostId":"1106873810","repostType":4,"repost":{"id":"1106873810","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":1624989419,"share":"https://ttm.financial/m/news/1106873810?lang=en_US&edition=fundamental","pubTime":"2021-06-30 01:56","market":"us","language":"zh","title":"Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106873810","media":"老虎资讯综合","summary":"北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。\n\n上市前夕发行规模缩减7成\n叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示","content":"<p>On June 30, Beijing time, Dingdong Maicai officially listed on the New York Stock Exchange, rising 21% on its first day. The previously announced IPO price was $23.50 per ADS.</p><p><img src=\"https://static.tigerbbs.com/8019015b6d73a8f99bab4121482e7be7\" tg-width=\"827\" tg-height=\"595\" referrerpolicy=\"no-referrer\"></p><p><b>The issuance size was reduced by 70% before the IPO.</b></p><p>On the eve of its IPO, Dingdong Maicai urgently updated its IPO prospectus. According to the latest prospectus, Dingdong Maicai has lowered its IPO financing target in the United States to about a quarter of its original target, seeking to raise a maximum of $94.4 million, a 74% decrease from the original plan of $357 million. The number of depositary shares (ADSs) issued has also been cut from 14 million to 3.7 million, with a price range of $23.50 to $25.50.</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><p><b>About Dingdong Maicai</b></p><p>Dingdong Maicai is headquartered in Shanghai and operates its own grocery shopping app, where consumers can purchase on-demand fresh food through a \"pre-positioned warehouse\" network. The so-called pre-positioned warehouses are warehouses located near residential areas according to a predetermined strategy to ensure that Dingdong Maicai can deliver goods to your door within 30 minutes as promised. Their services now cover a range of major cities, including Shanghai, Beijing, Shenzhen, and Hangzhou.</p><p>Dingdong Maicai was founded in 2017. Its founder and CEO, Liang Changlin, had several successful entrepreneurial experiences before, so it quickly attracted the support of a series of venture capital firms, including Sequoia China and Qiming Ventures. In addition, companies such as Tiger Global, Gaorong Capital, and Dachen Capital are also among the company's shareholders. With substantial capital support, Dingdong Maicai tripled its number of pre-positioned warehouses to 345 in just seven months.</p><p>According to reports, in February 2020, amid the COVID-19 pandemic, Dingdong Maicai processed approximately 300,000 orders daily in Shanghai, and the company's total revenue that year reached approximately US$1.7 billion. As of January 2021, Dingdong Maicai's business covered nearly 30 cities across the country, with approximately 1,000 pre-positioned warehouses and a monthly user base of approximately 6.9 million.</p><p>In this field, Dingdong Maicai's main competitors include Alibaba's Hema, Meituan Maicai, Missfresh, and JD.com.</p><p><b>Financial Performance</b></p><p>Dingdong Maicai's recent financial performance can be roughly summarized as follows: revenue is growing rapidly, but it seems to have peaked; Operating losses and net losses continued to widen, and the net loss rate fluctuated. The cash burn is considerable, but free cash flow remains negative.</p><p>Specifically, Dingdong Maicai's revenue reached RMB 11.336 billion in 2020, a surge of 192.16% compared to RMB 3.88 billion in 2019. In the first quarter of 2021, the company's revenue was RMB 3.802 billion, a year-on-year increase of 46.01%.</p><p>In 2020, Dingdong Maicai suffered an operating loss of RMB 3.162 billion, an increase of 78.42% compared to RMB 1.741 billion in 2019. In the first quarter of 2021, the company suffered an operating loss of RMB 1.334 billion, an increase of 352.20% year-on-year.</p><p>In 2020, Dingdong Maicai suffered a net loss of RMB 3.175 billion, an increase of 69.51% compared to RMB 1.873 billion in 2019. In the first quarter of 2021, the company suffered a net loss of RMB 1.385 billion, an increase of 465.31% year-on-year.</p><p>In 2020, Dingdong Maicai's net loss ratio was 28.0%, a significant decrease from 48.3% in 2019. However, in the first quarter of 2021, the net loss ratio surged from 9.4% in the same period of the previous year to 36.4%.</p><p>As of March 31, 2021, Dingdong Maicai had total liabilities of US$898 million and held cash and equivalents of US$973 million. For the twelve months ended March 31, 2021, the company's free cash flow was -$155 million.</p><p><b>Analysis and Commentary</b></p><p>According to its established strategy, Dingdong Maicai's profits mainly come from the sale of fresh food and other goods through the app. However, they are far from achieving profitability and do not have a clear roadmap. As a result, the pre-warehouse model adopted by Dingdong Maicai and other competitors has been questioned by market observers from time to time.</p><p>To date, Dingdong Maicai has failed to achieve profitability, and judging from its financial data, its losses are even widening, with no clear profit prospects in sight.</p><p>While the market in which Dingdong Maicai operates theoretically has a bright future, the fierce competition and low profit margins are well-known. For example, according to reports, Dingdong Maicai's order execution costs, including delivery fees, packaging fees, and logistics costs, were twice the net revenue of the orders themselves in 2020.</p><p>This means that no matter how much the company's order volume increases, it will not be enough for Dingdong Maicai to turn a profit in the short term, because the fact is that the more orders there are, the greater the loss. In fact, the pre-positioned warehouse model itself is a \"money-swallowing beast,\" and controlling the speed at which this model burns cash is already a serious challenge facing the company.</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 officially listed on the New York Stock Exchange, opening up 21% on its first day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 01:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 30, Beijing time, Dingdong Maicai officially listed on the New York Stock Exchange, rising 21% on its first day. The previously announced IPO price was $23.50 per ADS.</p><p><img src=\"https://static.tigerbbs.com/8019015b6d73a8f99bab4121482e7be7\" tg-width=\"827\" tg-height=\"595\" referrerpolicy=\"no-referrer\"></p><p><b>The issuance size was reduced by 70% before the IPO.</b></p><p>On the eve of its IPO, Dingdong Maicai urgently updated its IPO prospectus. According to the latest prospectus, Dingdong Maicai has lowered its IPO financing target in the United States to about a quarter of its original target, seeking to raise a maximum of $94.4 million, a 74% decrease from the original plan of $357 million. The number of depositary shares (ADSs) issued has also been cut from 14 million to 3.7 million, with a price range of $23.50 to $25.50.</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><p><b>About Dingdong Maicai</b></p><p>Dingdong Maicai is headquartered in Shanghai and operates its own grocery shopping app, where consumers can purchase on-demand fresh food through a \"pre-positioned warehouse\" network. The so-called pre-positioned warehouses are warehouses located near residential areas according to a predetermined strategy to ensure that Dingdong Maicai can deliver goods to your door within 30 minutes as promised. Their services now cover a range of major cities, including Shanghai, Beijing, Shenzhen, and Hangzhou.</p><p>Dingdong Maicai was founded in 2017. Its founder and CEO, Liang Changlin, had several successful entrepreneurial experiences before, so it quickly attracted the support of a series of venture capital firms, including Sequoia China and Qiming Ventures. In addition, companies such as Tiger Global, Gaorong Capital, and Dachen Capital are also among the company's shareholders. With substantial capital support, Dingdong Maicai tripled its number of pre-positioned warehouses to 345 in just seven months.</p><p>According to reports, in February 2020, amid the COVID-19 pandemic, Dingdong Maicai processed approximately 300,000 orders daily in Shanghai, and the company's total revenue that year reached approximately US$1.7 billion. As of January 2021, Dingdong Maicai's business covered nearly 30 cities across the country, with approximately 1,000 pre-positioned warehouses and a monthly user base of approximately 6.9 million.</p><p>In this field, Dingdong Maicai's main competitors include Alibaba's Hema, Meituan Maicai, Missfresh, and JD.com.</p><p><b>Financial Performance</b></p><p>Dingdong Maicai's recent financial performance can be roughly summarized as follows: revenue is growing rapidly, but it seems to have peaked; Operating losses and net losses continued to widen, and the net loss rate fluctuated. The cash burn is considerable, but free cash flow remains negative.</p><p>Specifically, Dingdong Maicai's revenue reached RMB 11.336 billion in 2020, a surge of 192.16% compared to RMB 3.88 billion in 2019. In the first quarter of 2021, the company's revenue was RMB 3.802 billion, a year-on-year increase of 46.01%.</p><p>In 2020, Dingdong Maicai suffered an operating loss of RMB 3.162 billion, an increase of 78.42% compared to RMB 1.741 billion in 2019. In the first quarter of 2021, the company suffered an operating loss of RMB 1.334 billion, an increase of 352.20% year-on-year.</p><p>In 2020, Dingdong Maicai suffered a net loss of RMB 3.175 billion, an increase of 69.51% compared to RMB 1.873 billion in 2019. In the first quarter of 2021, the company suffered a net loss of RMB 1.385 billion, an increase of 465.31% year-on-year.</p><p>In 2020, Dingdong Maicai's net loss ratio was 28.0%, a significant decrease from 48.3% in 2019. However, in the first quarter of 2021, the net loss ratio surged from 9.4% in the same period of the previous year to 36.4%.</p><p>As of March 31, 2021, Dingdong Maicai had total liabilities of US$898 million and held cash and equivalents of US$973 million. For the twelve months ended March 31, 2021, the company's free cash flow was -$155 million.</p><p><b>Analysis and Commentary</b></p><p>According to its established strategy, Dingdong Maicai's profits mainly come from the sale of fresh food and other goods through the app. However, they are far from achieving profitability and do not have a clear roadmap. As a result, the pre-warehouse model adopted by Dingdong Maicai and other competitors has been questioned by market observers from time to time.</p><p>To date, Dingdong Maicai has failed to achieve profitability, and judging from its financial data, its losses are even widening, with no clear profit prospects in sight.</p><p>While the market in which Dingdong Maicai operates theoretically has a bright future, the fierce competition and low profit margins are well-known. For example, according to reports, Dingdong Maicai's order execution costs, including delivery fees, packaging fees, and logistics costs, were twice the net revenue of the orders themselves in 2020.</p><p>This means that no matter how much the company's order volume increases, it will not be enough for Dingdong Maicai to turn a profit in the short term, because the fact is that the more orders there are, the greater the loss. In fact, the pre-positioned warehouse model itself is a \"money-swallowing beast,\" and controlling the speed at which this model burns cash is already a serious challenge facing the company.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8bdbf77f2a44d0a051afa32e60a46fbf","relate_stocks":{"DDL":"叮咚买菜"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106873810","content_text":"北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。\n\n上市前夕发行规模缩减7成\n叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示，叮咚买菜将在美国上市融资的目标降低到了原来的四分之一左右，即寻求至多融资9440万美元，比原计划融资的3.57亿美元下降了74%，存托股票(ADS) 发行数量也从1400万股砍到了370万股，价格区间为23.50美元至25.50美元。\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%。\n关于叮咚买菜\n叮咚买菜总部位于上海，运营着自己的买菜app，消费者可以通过“前置仓”网络购买按需生鲜食品。所谓前置仓，是按照既定策略配置在接近居民区的仓库，确保叮咚买菜能够按照承诺，在三十分钟内送货上门。他们的服务目前已经覆盖了上海、北京、深圳和杭州等一系列主要城市。\n叮咚买菜诞生于2017年，创始人兼首席执行官梁昌霖之前就有多次成功创业的经历，因此很快就吸引了一系列风投资本的支持，包括红杉中国、启明创投等，此外诸如老虎环球、高榕资本、达晨财智等也都在公司股东之列。在雄厚的资本支持下，叮咚买菜只用了七个月时间，就让其前置仓数量增长了三倍，达到了345处。\n据报道，2020年2月，在新冠病毒疫情大爆发的背景下，叮咚买菜在上海每天都要执行大约30万笔订单，公司当年的总营收也达到了大约17亿美元。截至2021年1月，叮咚买菜的业务已经覆盖全国近三十个城市，拥有大约一千家前置仓，每月用户群达到大约690万。\n在这个领域当中，叮咚买菜主要的竞争对手包括阿里巴巴旗下盒马、美团买菜、每日优鲜和京东到家等。\n财务表现\n叮咚买菜近期的财务表现可以大致概括如下：营收高速增长，但疑似已经见顶；运营亏损和净亏损持续扩大，净亏损率起伏不定；烧钱可观，自由现金流依然为负数。\n具体而言，2020年当中，叮咚买菜营收达到113.36亿元人民币，较之2019年的38.80亿元猛增192.16%，2021年第一季度，公司营收38.02亿元，同比增长46.01%。\n2020年当中，叮咚买菜运营亏损31.62亿元人民币，较之2019年的17.41亿元扩大78.42%，2021年第一季度，公司运营亏损13.34亿元，同比扩大352.20%。\n2020年当中，叮咚买菜净亏损31.75亿元人民币，较之2019年的18.73亿元扩大69.51%，2021年第一季度，公司净亏损13.85亿元，同比扩大465.31%。\n2020年当中，叮咚买菜净亏损率28.0%，较之2019年的48.3%大幅降低，但是2021年第一季度，净亏损率又从前一年同期的9.4%猛增到了36.4%。\n截至2021年3月31日，叮咚买菜总负债8.98亿美元，持有现金及等价物9.73亿美元。截至2021年3月31日的十二个月当中，公司自由现金流-1.55亿美元。\n分析评论\n按照既定策略，叮咚买菜的利润主要是来自于通过app完成的生鲜食品和其他各种商品的销售，只是目前，他们还远没有到实现盈利的地步，也看不到清晰的路线图，以至于叮咚买菜和其他竞争对手所采用的前置仓模式本身，都不时受到市场观察家们的质疑。\n迄今为止，叮咚买菜都未能实现盈利，而且从财务数据看，他们的亏损甚至还有扩大的势头，根本看不到明确的盈利前景。\n叮咚买菜所在的市场虽然理论上说来前途远大，但是这里的竞争之激烈和利润率之低也是人尽皆知。比如据报道，叮咚买菜的订单执行成本包括配送费、包装费、物流成本等在内，在2020年内要两倍于订单本身的净营收。\n这也就意味着，不管公司的订单数量如何增长，都不足以让叮咚买菜在短期之内扭亏为盈，因为事实就是，订单越多，亏损越大。事实上，前置仓模式本身就是一头“吞金兽”，要控制这种模式的烧钱速度，已经是摆在公司面前的严峻挑战。","news_type":1,"symbols_score_info":{"DDL":0.9}},"isVote":1,"tweetType":1,"viewCount":6105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153970980,"gmtCreate":1625008038340,"gmtModify":1703849825590,"author":{"id":"4087877573545530","authorId":"4087877573545530","name":"Moichiew","avatar":"https://static.tigerbbs.com/8743c5627993aea2fa1607c89111bfef","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087877573545530","authorIdStr":"4087877573545530"},"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/153970980","repostId":"1106873810","repostType":4,"repost":{"id":"1106873810","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":1624989419,"share":"https://ttm.financial/m/news/1106873810?lang=en_US&edition=fundamental","pubTime":"2021-06-30 01:56","market":"us","language":"zh","title":"Dingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106873810","media":"老虎资讯综合","summary":"北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。\n\n上市前夕发行规模缩减7成\n叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示","content":"<p>On June 30, Beijing time, Dingdong Maicai officially listed on the New York Stock Exchange, rising 21% on its first day. The previously announced IPO price was $23.50 per ADS.</p><p><img src=\"https://static.tigerbbs.com/8019015b6d73a8f99bab4121482e7be7\" tg-width=\"827\" tg-height=\"595\" referrerpolicy=\"no-referrer\"></p><p><b>The issuance size was reduced by 70% before the IPO.</b></p><p>On the eve of its IPO, Dingdong Maicai urgently updated its IPO prospectus. According to the latest prospectus, Dingdong Maicai has lowered its IPO financing target in the United States to about a quarter of its original target, seeking to raise a maximum of $94.4 million, a 74% decrease from the original plan of $357 million. The number of depositary shares (ADSs) issued has also been cut from 14 million to 3.7 million, with a price range of $23.50 to $25.50.</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><p><b>About Dingdong Maicai</b></p><p>Dingdong Maicai is headquartered in Shanghai and operates its own grocery shopping app, where consumers can purchase on-demand fresh food through a \"pre-positioned warehouse\" network. The so-called pre-positioned warehouses are warehouses located near residential areas according to a predetermined strategy to ensure that Dingdong Maicai can deliver goods to your door within 30 minutes as promised. Their services now cover a range of major cities, including Shanghai, Beijing, Shenzhen, and Hangzhou.</p><p>Dingdong Maicai was founded in 2017. Its founder and CEO, Liang Changlin, had several successful entrepreneurial experiences before, so it quickly attracted the support of a series of venture capital firms, including Sequoia China and Qiming Ventures. In addition, companies such as Tiger Global, Gaorong Capital, and Dachen Capital are also among the company's shareholders. With substantial capital support, Dingdong Maicai tripled its number of pre-positioned warehouses to 345 in just seven months.</p><p>According to reports, in February 2020, amid the COVID-19 pandemic, Dingdong Maicai processed approximately 300,000 orders daily in Shanghai, and the company's total revenue that year reached approximately US$1.7 billion. As of January 2021, Dingdong Maicai's business covered nearly 30 cities across the country, with approximately 1,000 pre-positioned warehouses and a monthly user base of approximately 6.9 million.</p><p>In this field, Dingdong Maicai's main competitors include Alibaba's Hema, Meituan Maicai, Missfresh, and JD.com.</p><p><b>Financial Performance</b></p><p>Dingdong Maicai's recent financial performance can be roughly summarized as follows: revenue is growing rapidly, but it seems to have peaked; Operating losses and net losses continued to widen, and the net loss rate fluctuated. The cash burn is considerable, but free cash flow remains negative.</p><p>Specifically, Dingdong Maicai's revenue reached RMB 11.336 billion in 2020, a surge of 192.16% compared to RMB 3.88 billion in 2019. In the first quarter of 2021, the company's revenue was RMB 3.802 billion, a year-on-year increase of 46.01%.</p><p>In 2020, Dingdong Maicai suffered an operating loss of RMB 3.162 billion, an increase of 78.42% compared to RMB 1.741 billion in 2019. In the first quarter of 2021, the company suffered an operating loss of RMB 1.334 billion, an increase of 352.20% year-on-year.</p><p>In 2020, Dingdong Maicai suffered a net loss of RMB 3.175 billion, an increase of 69.51% compared to RMB 1.873 billion in 2019. In the first quarter of 2021, the company suffered a net loss of RMB 1.385 billion, an increase of 465.31% year-on-year.</p><p>In 2020, Dingdong Maicai's net loss ratio was 28.0%, a significant decrease from 48.3% in 2019. However, in the first quarter of 2021, the net loss ratio surged from 9.4% in the same period of the previous year to 36.4%.</p><p>As of March 31, 2021, Dingdong Maicai had total liabilities of US$898 million and held cash and equivalents of US$973 million. For the twelve months ended March 31, 2021, the company's free cash flow was -$155 million.</p><p><b>Analysis and Commentary</b></p><p>According to its established strategy, Dingdong Maicai's profits mainly come from the sale of fresh food and other goods through the app. However, they are far from achieving profitability and do not have a clear roadmap. As a result, the pre-warehouse model adopted by Dingdong Maicai and other competitors has been questioned by market observers from time to time.</p><p>To date, Dingdong Maicai has failed to achieve profitability, and judging from its financial data, its losses are even widening, with no clear profit prospects in sight.</p><p>While the market in which Dingdong Maicai operates theoretically has a bright future, the fierce competition and low profit margins are well-known. For example, according to reports, Dingdong Maicai's order execution costs, including delivery fees, packaging fees, and logistics costs, were twice the net revenue of the orders themselves in 2020.</p><p>This means that no matter how much the company's order volume increases, it will not be enough for Dingdong Maicai to turn a profit in the short term, because the fact is that the more orders there are, the greater the loss. In fact, the pre-positioned warehouse model itself is a \"money-swallowing beast,\" and controlling the speed at which this model burns cash is already a serious challenge facing the company.</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 officially listed on the New York Stock Exchange, opening up 21% on its first day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDingdong Maicai officially listed on the New York Stock Exchange, opening up 21% on its first day.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 01:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 30, Beijing time, Dingdong Maicai officially listed on the New York Stock Exchange, rising 21% on its first day. The previously announced IPO price was $23.50 per ADS.</p><p><img src=\"https://static.tigerbbs.com/8019015b6d73a8f99bab4121482e7be7\" tg-width=\"827\" tg-height=\"595\" referrerpolicy=\"no-referrer\"></p><p><b>The issuance size was reduced by 70% before the IPO.</b></p><p>On the eve of its IPO, Dingdong Maicai urgently updated its IPO prospectus. According to the latest prospectus, Dingdong Maicai has lowered its IPO financing target in the United States to about a quarter of its original target, seeking to raise a maximum of $94.4 million, a 74% decrease from the original plan of $357 million. The number of depositary shares (ADSs) issued has also been cut from 14 million to 3.7 million, with a price range of $23.50 to $25.50.</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><p><b>About Dingdong Maicai</b></p><p>Dingdong Maicai is headquartered in Shanghai and operates its own grocery shopping app, where consumers can purchase on-demand fresh food through a \"pre-positioned warehouse\" network. The so-called pre-positioned warehouses are warehouses located near residential areas according to a predetermined strategy to ensure that Dingdong Maicai can deliver goods to your door within 30 minutes as promised. Their services now cover a range of major cities, including Shanghai, Beijing, Shenzhen, and Hangzhou.</p><p>Dingdong Maicai was founded in 2017. Its founder and CEO, Liang Changlin, had several successful entrepreneurial experiences before, so it quickly attracted the support of a series of venture capital firms, including Sequoia China and Qiming Ventures. In addition, companies such as Tiger Global, Gaorong Capital, and Dachen Capital are also among the company's shareholders. With substantial capital support, Dingdong Maicai tripled its number of pre-positioned warehouses to 345 in just seven months.</p><p>According to reports, in February 2020, amid the COVID-19 pandemic, Dingdong Maicai processed approximately 300,000 orders daily in Shanghai, and the company's total revenue that year reached approximately US$1.7 billion. As of January 2021, Dingdong Maicai's business covered nearly 30 cities across the country, with approximately 1,000 pre-positioned warehouses and a monthly user base of approximately 6.9 million.</p><p>In this field, Dingdong Maicai's main competitors include Alibaba's Hema, Meituan Maicai, Missfresh, and JD.com.</p><p><b>Financial Performance</b></p><p>Dingdong Maicai's recent financial performance can be roughly summarized as follows: revenue is growing rapidly, but it seems to have peaked; Operating losses and net losses continued to widen, and the net loss rate fluctuated. The cash burn is considerable, but free cash flow remains negative.</p><p>Specifically, Dingdong Maicai's revenue reached RMB 11.336 billion in 2020, a surge of 192.16% compared to RMB 3.88 billion in 2019. In the first quarter of 2021, the company's revenue was RMB 3.802 billion, a year-on-year increase of 46.01%.</p><p>In 2020, Dingdong Maicai suffered an operating loss of RMB 3.162 billion, an increase of 78.42% compared to RMB 1.741 billion in 2019. In the first quarter of 2021, the company suffered an operating loss of RMB 1.334 billion, an increase of 352.20% year-on-year.</p><p>In 2020, Dingdong Maicai suffered a net loss of RMB 3.175 billion, an increase of 69.51% compared to RMB 1.873 billion in 2019. In the first quarter of 2021, the company suffered a net loss of RMB 1.385 billion, an increase of 465.31% year-on-year.</p><p>In 2020, Dingdong Maicai's net loss ratio was 28.0%, a significant decrease from 48.3% in 2019. However, in the first quarter of 2021, the net loss ratio surged from 9.4% in the same period of the previous year to 36.4%.</p><p>As of March 31, 2021, Dingdong Maicai had total liabilities of US$898 million and held cash and equivalents of US$973 million. For the twelve months ended March 31, 2021, the company's free cash flow was -$155 million.</p><p><b>Analysis and Commentary</b></p><p>According to its established strategy, Dingdong Maicai's profits mainly come from the sale of fresh food and other goods through the app. However, they are far from achieving profitability and do not have a clear roadmap. As a result, the pre-warehouse model adopted by Dingdong Maicai and other competitors has been questioned by market observers from time to time.</p><p>To date, Dingdong Maicai has failed to achieve profitability, and judging from its financial data, its losses are even widening, with no clear profit prospects in sight.</p><p>While the market in which Dingdong Maicai operates theoretically has a bright future, the fierce competition and low profit margins are well-known. For example, according to reports, Dingdong Maicai's order execution costs, including delivery fees, packaging fees, and logistics costs, were twice the net revenue of the orders themselves in 2020.</p><p>This means that no matter how much the company's order volume increases, it will not be enough for Dingdong Maicai to turn a profit in the short term, because the fact is that the more orders there are, the greater the loss. In fact, the pre-positioned warehouse model itself is a \"money-swallowing beast,\" and controlling the speed at which this model burns cash is already a serious challenge facing the company.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8bdbf77f2a44d0a051afa32e60a46fbf","relate_stocks":{"DDL":"叮咚买菜"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106873810","content_text":"北京时间6月30日，叮咚买菜正式登陆纽交所，首日开涨21%，此前给出的IPO发行价为每份ADS 23.50美元。\n\n上市前夕发行规模缩减7成\n叮咚买菜在上市前夜紧急更新了IPO招股书，据最新招股书显示，叮咚买菜将在美国上市融资的目标降低到了原来的四分之一左右，即寻求至多融资9440万美元，比原计划融资的3.57亿美元下降了74%，存托股票(ADS) 发行数量也从1400万股砍到了370万股，价格区间为23.50美元至25.50美元。\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%。\n关于叮咚买菜\n叮咚买菜总部位于上海，运营着自己的买菜app，消费者可以通过“前置仓”网络购买按需生鲜食品。所谓前置仓，是按照既定策略配置在接近居民区的仓库，确保叮咚买菜能够按照承诺，在三十分钟内送货上门。他们的服务目前已经覆盖了上海、北京、深圳和杭州等一系列主要城市。\n叮咚买菜诞生于2017年，创始人兼首席执行官梁昌霖之前就有多次成功创业的经历，因此很快就吸引了一系列风投资本的支持，包括红杉中国、启明创投等，此外诸如老虎环球、高榕资本、达晨财智等也都在公司股东之列。在雄厚的资本支持下，叮咚买菜只用了七个月时间，就让其前置仓数量增长了三倍，达到了345处。\n据报道，2020年2月，在新冠病毒疫情大爆发的背景下，叮咚买菜在上海每天都要执行大约30万笔订单，公司当年的总营收也达到了大约17亿美元。截至2021年1月，叮咚买菜的业务已经覆盖全国近三十个城市，拥有大约一千家前置仓，每月用户群达到大约690万。\n在这个领域当中，叮咚买菜主要的竞争对手包括阿里巴巴旗下盒马、美团买菜、每日优鲜和京东到家等。\n财务表现\n叮咚买菜近期的财务表现可以大致概括如下：营收高速增长，但疑似已经见顶；运营亏损和净亏损持续扩大，净亏损率起伏不定；烧钱可观，自由现金流依然为负数。\n具体而言，2020年当中，叮咚买菜营收达到113.36亿元人民币，较之2019年的38.80亿元猛增192.16%，2021年第一季度，公司营收38.02亿元，同比增长46.01%。\n2020年当中，叮咚买菜运营亏损31.62亿元人民币，较之2019年的17.41亿元扩大78.42%，2021年第一季度，公司运营亏损13.34亿元，同比扩大352.20%。\n2020年当中，叮咚买菜净亏损31.75亿元人民币，较之2019年的18.73亿元扩大69.51%，2021年第一季度，公司净亏损13.85亿元，同比扩大465.31%。\n2020年当中，叮咚买菜净亏损率28.0%，较之2019年的48.3%大幅降低，但是2021年第一季度，净亏损率又从前一年同期的9.4%猛增到了36.4%。\n截至2021年3月31日，叮咚买菜总负债8.98亿美元，持有现金及等价物9.73亿美元。截至2021年3月31日的十二个月当中，公司自由现金流-1.55亿美元。\n分析评论\n按照既定策略，叮咚买菜的利润主要是来自于通过app完成的生鲜食品和其他各种商品的销售，只是目前，他们还远没有到实现盈利的地步，也看不到清晰的路线图，以至于叮咚买菜和其他竞争对手所采用的前置仓模式本身，都不时受到市场观察家们的质疑。\n迄今为止，叮咚买菜都未能实现盈利，而且从财务数据看，他们的亏损甚至还有扩大的势头，根本看不到明确的盈利前景。\n叮咚买菜所在的市场虽然理论上说来前途远大，但是这里的竞争之激烈和利润率之低也是人尽皆知。比如据报道，叮咚买菜的订单执行成本包括配送费、包装费、物流成本等在内，在2020年内要两倍于订单本身的净营收。\n这也就意味着，不管公司的订单数量如何增长，都不足以让叮咚买菜在短期之内扭亏为盈，因为事实就是，订单越多，亏损越大。事实上，前置仓模式本身就是一头“吞金兽”，要控制这种模式的烧钱速度，已经是摆在公司面前的严峻挑战。","news_type":1,"symbols_score_info":{"DDL":0.9}},"isVote":1,"tweetType":1,"viewCount":6533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}