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拓拔野
02-18 11:18
小米喂养出来了不少上市公司
小米喂单,养大了一个“鹿客”
拓拔野
02-05
$叮咚买菜(DDL)$
利好出尽
拓拔野
01-26
$小米集团-W(01810)$
小米手机部的人才还是太少了
拓拔野
2025-12-09
$小米集团-W(01810)$
回40以下,再接点
拓拔野
2025-12-08
$泡泡玛特(09992)$
原来被人做空了
拓拔野
2025-12-08
$小米集团-W(01810)$
熟悉的套路,1,舆论开始针对了。2,做空开始动了。看来每次都通过这种事情赚到钱,认为这种方式行之有效,可以长期使用
拓拔野
2025-12-02
赛力斯的利润是真高
高管回应小米成毛利率提升最快车企:没有在毛利率上对谁发起冲击的打算
拓拔野
2025-12-02
你在说什么???月产5000万只???
月产5000万只!当Labubu不再稀缺,泡泡玛特拿什么接棒?
拓拔野
2025-11-25
$谷歌(GOOG)$
买入了,Gemini 3真的太猛了。不论现在是什么价格,我都建议买入
拓拔野
2025-11-21
$禾赛(HSAI)$
真要奔10块走了
拓拔野
2025-11-20
$禾赛-W(02525)$
难道因为小米和理想狂跌导致的?
拓拔野
2025-11-20
$禾赛-W(02525)$
跌的有点过分了。。。业绩表现还是不错的,产品力和市场占有率也是正面的,这么狂跌
拓拔野
2025-11-19
$小米集团-W(01810)$
凭一己之力带崩大盘。今天这种情况,其实说明资金不看财报,看情绪。
拓拔野
2025-11-18
$禾赛-W(02525)$
巅峰时期的一半了
拓拔野
2025-11-13
$哔哩哔哩(BILI)$
买入了,超跌了
拓拔野
2025-11-13
$纳指三倍做空ETF(SQQQ)$
加入做空了
拓拔野
2025-11-12
$禾赛(HSAI)$
空头有点猛
拓拔野
2025-11-10
$小米集团-W(01810)$
空头不吸筹到足够低的筹码是不会做多的。本质上,做多的资金也是希望获得更低的筹码价格,股价压制下来反而多空双方成了一个共识
拓拔野
2025-11-07
$诺和诺德(NVO)$
废了,暴利时代终结,和国内一样集采降价,都没有利润
拓拔野
2025-11-06
$小米集团ADR(XIACY)$
不理解为什么能下跌动能会这么强,但是接受现状了,等财报日吧。
去老虎APP查看更多动态
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09:50","market":"hk","language":"zh","title":"小米喂单,养大了一个“鹿客”","url":"https://stock-news.laohu8.com/highlight/detail?id=2612492510","media":"斑马消费","summary":"小米出钱、喂订单,终于养大了做智能锁的鹿客科技。通过软件技术优势,拿下了一家长租公寓头部企业的订单,在中国智能锁行业初步站稳了脚跟。2017年,公司推出“鹿客”品牌,1699元的价格,以性价比的打法,快速打开C端市场。小米旗下天津金米,虽然只持有鹿客科技1.75%股权,但小米对公司的发展至关重要。期间,公司自有品牌业务收入占比逐年降低。来自小米ODM业务的增长,推动了鹿客科技的业绩提升。","content":"<html><body><article><p><a href=\"https://laohu8.com/S/XIACY\">小米</a>出钱、喂订单,终于养大了做智能锁的鹿客科技。</p><p>日前,该公司向<a href=\"https://laohu8.com/S/00388\">港交所</a>递表,正式向资本市场发起冲击,意欲成为“AI智能锁第一股”。</p><p>虽然,鹿客科技的年营收已稳定在10亿元规模,在静脉智能锁细分市场也已做到了全球第一,但其业务结构相对单一、对<a href=\"https://laohu8.com/S/01810\">小米</a>重度依赖、自有品牌不强等诸多问题,仍值得公司管理层和投资者充分重视。</p><p><strong>十年成就智能锁老三</strong></p><p>2014年,云丁网络创立,在创始人陈彬的带领下,闯入中国方兴未艾的智能锁赛道。</p><p>当时,<a href=\"https://laohu8.com/S/00464\">中国智能</a>门锁行业尚处于技术探索与市场培育的初期阶段,产品形态主要为电子密码锁、酒店刷卡锁等初级智能化产品为主,仅有极少数高端产品搭载指纹识别功能。</p><p>受技术成本高、消费者认知不足等多种因素影响,彼时的智能锁产品主要应用于酒店、办公场所等B端商用场景,C端家用场景渗透率极低。</p><p>陈彬于2007年7月,获得清华大学电子工程硕士学位,毕业后曾在<a href=\"https://laohu8.com/S/SONY\">索尼</a>、<a href=\"https://laohu8.com/S/BIDU\">百度</a>担任技术工作。从大厂辞职创业,加入智能硬件赛道,究竟是做2B还是2C的产品,合伙人之间也曾有过争论。</p><p>基于团队的技术背景,早期的云丁,最终选择了2B。通过软件<span>技术优势</span>,拿下了一家长租公寓头部企业的订单,在中国智能锁行业初步站稳了脚跟。</p><p>如今,自有品牌商业解决方案,仍是公司的重要业务板块之一。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260218095021135d163a473vho4a9b\"/><p>2017年,公司推出“鹿客”品牌,1699元的价格,以性价比的打法,快速打开C端市场。当年,仅一款产品就卖出了30万套,成为行业出货量最大的单品。借此,鹿客仅用1年时间,就实现了C端市场的10倍增长。公司顺势从云丁网络更名为鹿客科技。</p><p>随着中国智能锁市场的不断扩容,大量业内外玩家涌入其中,“千锁大战”一触即发。期间,鹿客因为没有及时抓住<a href=\"https://laohu8.com/S/PDD\">拼多多</a>、直播电商等新渠道的机会,早期建立起来的C端优势,一度被传统厂商超越。后来,果断向高端转型,终于重新夺回了市场份额。</p><p>招股书披露,公司是全球首家率先实现静脉智能锁规模化量产的企业。于2024年,公司静脉智能锁出货量全球第一,市场份额约10.5%;智能锁整体出货量全球第四,市场份额约为2.6%。2024年,公司在中国内地的智能锁出货量为120万套,排名第三,市场份额为5.8%。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260218095039078d163i02bp56baxf\"/><p><strong><a href=\"https://laohu8.com/S/81810\">小米</a>撑起半边天</strong></p><p>鹿客创业早期,虽然中国的创投市场火热,但很多市场化的投资机构,对智能锁赛道的投资热情并不高。</p><p>此前,陈彬在接受媒体采访时透露,他作为CEO,除了做产品,另一个最重要的工作就是融资。2014年-2018年,他大约见了300个投资机构,几乎把当时市面上能见的投资机构都见过了。</p><p>2014年7月,公司拿下<a href=\"https://laohu8.com/S/300648\">星云</a>创盟和杭州险峰的首轮融资,分别为160万元和107万元,投后估值约1300万元。</p><p>其后,公司密集融资,<a href=\"https://laohu8.com/S/00992\">联想</a>、美的、小米、<a href=\"https://laohu8.com/S/09888\">百度</a>等相继投资。据招股书显示,鹿客创立以来,融资几乎没有停止过,期间,累计从一级市场拿到资金近10亿元。</p><p>2025年11月,<a href=\"https://laohu8.com/S/000931\">中关村</a>科学城科技成长三期基金,投入2亿元拿下鹿客科技5.71%股权,公司投后估值约35亿元。</p><p>目前,创始人陈彬直接持有鹿客科技15.33%股权,为单一第一大股东,并通过多家机构,合计控制公司约30.35%股权;百度参与了公司多轮融资,持有18.43%股权,为第二大股东;顺为持股7.25%,为第三大外部机构股东。</p><p>小米旗下天津金米,虽然只持有鹿客科技1.75%股权,但小米对公司的发展至关重要。</p><p>鹿客科技的收入,主要靠销售鹿客品牌智能锁及AI智能管家;为品牌公司提供ODM服务;提供云丁品牌商业解决方案。</p><p>2023年-2024年,公司超过一半的收入,来自ODM代工,2025年前9个月,ODM项目收入更是高达61.6%。期间,公司自有品牌业务收入占比逐年降低。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260218095040771d163yzfncyrbp1g\"/><p>2019年,小米推出自有品牌智能锁,就是由鹿客代工。</p><p>2023年-2024年及2025年前9个月,小米均为鹿客科技绝对的第一大客户,分别贡献了公司各期收入的48.6%、51.7%和60.6%。</p><p>来自小米ODM业务的增长,推动了鹿客科技的业绩提升。报告期内,公司收入分别为10.15亿元、10.86亿元和7.74亿元;<span>净利润</span>分别为1402.6万元、5311.3万元和3198.1万元。</p><p>虽然,鹿客科技的业绩看似稳步增长,但从招股书反映出的财务数据来看,这一增长并不算太健康。</p><p>报告期内,公司经营性现金流持续下降,分别为8948.5万元、124.7万元和-3830.7万元;应收账款规模持续攀升、周转效率迅速降低,周转天数分别为70天、83天及101天;公司逾期应收贸易款规模持续攀升,分别为1209.1万元、2501.2万元和4850.4万元。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260218095053847d163amlokgpl2oh\"/><p>当下,中国的“千锁大战”远没有到停战的时候,智能锁行业参与者众多、市场分散的情况突出。未来,随着行业竞争的进一步加剧,洗牌在所难免。</p><p>鹿客科技如果不能扩大自有品牌在C端市场的规模和影响力,即便能长期拿下小米的ODM订单,资本市场对其的估值逻辑,也只能是代工商。</p></article></body></html>","source":"tencent","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>小米喂单,养大了一个“鹿客”</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{ 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米喂单,养大了一个“鹿客”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-18 09:50 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260218095058a705c75e&s=b><strong>斑马消费</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>小米出钱、喂订单,终于养大了做智能锁的鹿客科技。日前,该公司向港交所递表,正式向资本市场发起冲击,意欲成为“AI智能锁第一股”。虽然,鹿客科技的年营收已稳定在10亿元规模,在静脉智能锁细分市场也已做到了全球第一,但其业务结构相对单一、对小米重度依赖、自有品牌不强等诸多问题,仍值得公司管理层和投资者充分重视。十年成就智能锁老三2014年,云丁网络创立,在创始人陈彬的带领下,闯入中国方兴未艾的智能锁...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260218095058a705c75e&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","01810":"小米集团-W","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0143863198.USD":"CT (LUX) I 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260218095058a705c75e&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2612492510","content_text":"小米出钱、喂订单,终于养大了做智能锁的鹿客科技。日前,该公司向港交所递表,正式向资本市场发起冲击,意欲成为“AI智能锁第一股”。虽然,鹿客科技的年营收已稳定在10亿元规模,在静脉智能锁细分市场也已做到了全球第一,但其业务结构相对单一、对小米重度依赖、自有品牌不强等诸多问题,仍值得公司管理层和投资者充分重视。十年成就智能锁老三2014年,云丁网络创立,在创始人陈彬的带领下,闯入中国方兴未艾的智能锁赛道。当时,中国智能门锁行业尚处于技术探索与市场培育的初期阶段,产品形态主要为电子密码锁、酒店刷卡锁等初级智能化产品为主,仅有极少数高端产品搭载指纹识别功能。受技术成本高、消费者认知不足等多种因素影响,彼时的智能锁产品主要应用于酒店、办公场所等B端商用场景,C端家用场景渗透率极低。陈彬于2007年7月,获得清华大学电子工程硕士学位,毕业后曾在索尼、百度担任技术工作。从大厂辞职创业,加入智能硬件赛道,究竟是做2B还是2C的产品,合伙人之间也曾有过争论。基于团队的技术背景,早期的云丁,最终选择了2B。通过软件技术优势,拿下了一家长租公寓头部企业的订单,在中国智能锁行业初步站稳了脚跟。如今,自有品牌商业解决方案,仍是公司的重要业务板块之一。2017年,公司推出“鹿客”品牌,1699元的价格,以性价比的打法,快速打开C端市场。当年,仅一款产品就卖出了30万套,成为行业出货量最大的单品。借此,鹿客仅用1年时间,就实现了C端市场的10倍增长。公司顺势从云丁网络更名为鹿客科技。随着中国智能锁市场的不断扩容,大量业内外玩家涌入其中,“千锁大战”一触即发。期间,鹿客因为没有及时抓住拼多多、直播电商等新渠道的机会,早期建立起来的C端优势,一度被传统厂商超越。后来,果断向高端转型,终于重新夺回了市场份额。招股书披露,公司是全球首家率先实现静脉智能锁规模化量产的企业。于2024年,公司静脉智能锁出货量全球第一,市场份额约10.5%;智能锁整体出货量全球第四,市场份额约为2.6%。2024年,公司在中国内地的智能锁出货量为120万套,排名第三,市场份额为5.8%。小米撑起半边天鹿客创业早期,虽然中国的创投市场火热,但很多市场化的投资机构,对智能锁赛道的投资热情并不高。此前,陈彬在接受媒体采访时透露,他作为CEO,除了做产品,另一个最重要的工作就是融资。2014年-2018年,他大约见了300个投资机构,几乎把当时市面上能见的投资机构都见过了。2014年7月,公司拿下星云创盟和杭州险峰的首轮融资,分别为160万元和107万元,投后估值约1300万元。其后,公司密集融资,联想、美的、小米、百度等相继投资。据招股书显示,鹿客创立以来,融资几乎没有停止过,期间,累计从一级市场拿到资金近10亿元。2025年11月,中关村科学城科技成长三期基金,投入2亿元拿下鹿客科技5.71%股权,公司投后估值约35亿元。目前,创始人陈彬直接持有鹿客科技15.33%股权,为单一第一大股东,并通过多家机构,合计控制公司约30.35%股权;百度参与了公司多轮融资,持有18.43%股权,为第二大股东;顺为持股7.25%,为第三大外部机构股东。小米旗下天津金米,虽然只持有鹿客科技1.75%股权,但小米对公司的发展至关重要。鹿客科技的收入,主要靠销售鹿客品牌智能锁及AI智能管家;为品牌公司提供ODM服务;提供云丁品牌商业解决方案。2023年-2024年,公司超过一半的收入,来自ODM代工,2025年前9个月,ODM项目收入更是高达61.6%。期间,公司自有品牌业务收入占比逐年降低。2019年,小米推出自有品牌智能锁,就是由鹿客代工。2023年-2024年及2025年前9个月,小米均为鹿客科技绝对的第一大客户,分别贡献了公司各期收入的48.6%、51.7%和60.6%。来自小米ODM业务的增长,推动了鹿客科技的业绩提升。报告期内,公司收入分别为10.15亿元、10.86亿元和7.74亿元;净利润分别为1402.6万元、5311.3万元和3198.1万元。虽然,鹿客科技的业绩看似稳步增长,但从招股书反映出的财务数据来看,这一增长并不算太健康。报告期内,公司经营性现金流持续下降,分别为8948.5万元、124.7万元和-3830.7万元;应收账款规模持续攀升、周转效率迅速降低,周转天数分别为70天、83天及101天;公司逾期应收贸易款规模持续攀升,分别为1209.1万元、2501.2万元和4850.4万元。当下,中国的“千锁大战”远没有到停战的时候,智能锁行业参与者众多、市场分散的情况突出。未来,随着行业竞争的进一步加剧,洗牌在所难免。鹿客科技如果不能扩大自有品牌在C端市场的规模和影响力,即便能长期拿下小米的ODM订单,资本市场对其的估值逻辑,也只能是代工商。","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.86,"01810":1.86,"MIUmain":0.6,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":529513838469168,"gmtCreate":1770296808461,"gmtModify":1770296810539,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 熟悉的套路,1,舆论开始针对了。2,做空开始动了。看来每次都通过这种事情赚到钱,认为这种方式行之有效,可以长期使用","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 熟悉的套路,1,舆论开始针对了。2,做空开始动了。看来每次都通过这种事情赚到钱,认为这种方式行之有效,可以长期使用","text":"$小米集团-W(01810)$ 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17:50","market":"hk","language":"zh","title":"高管回应小米成毛利率提升最快车企:没有在毛利率上对谁发起冲击的打算","url":"https://stock-news.laohu8.com/highlight/detail?id=2588001039","media":"快科技","summary":"快科技12月2日消息,2025年第三季度已上市新势力车企毛利率表现上,小米增速最快,而公司高管也是正面回应。小米集团董事长特别助理、战略市场部副总经理徐洁云回应:“小米没有在毛利率上对谁发起冲击的打算。另,我们在Q3财报发布时说过,预期明年汽车业务毛利率会有下降。”按照之前小米公布的财报,旗下汽车毛利率增长显著,从2024年一季度的15.6%上升至2025年三季度的25.5%,成为主流品牌中毛利率提升最快的车企。","content":"<html><body><article><p>快科技12月2日消息,2025年第三季度已上市新势力车企毛利率表现上,<a href=\"https://laohu8.com/S/XIACY\">小米</a>增速最快,而公司高管也是正面回应。</p><p><strong><a href=\"https://laohu8.com/S/01810\">小米</a>集团董事长特别助理、战略市场部副总经理徐洁云回应:“<a href=\"https://laohu8.com/S/81810\">小米</a>没有在毛利率上对谁发起冲击的打算。另,我们在Q3财报发布时说过,预期明年汽车业务毛利率会有下降。”</strong></p><p>按照之前小米公布的财报,旗下汽车毛利率增长显著,从2024年一季度的15.6%上升至2025年三季度的25.5%,成为主流品牌中毛利率提升最快的车企。</p><p>当然了,在已上市的新势力品牌中,<a href=\"https://laohu8.com/S/601127\">赛力斯</a>以30%的毛利率领跑行业,成为本季度唯一突破30%大关的品牌。</p><p><a href=\"https://laohu8.com/S/LI\">理想</a>、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>和小鹏的毛利率分别是19.8%、14.7%和13.1%,而<a href=\"https://laohu8.com/S/ZK\">极氪</a>、<a href=\"https://laohu8.com/S/09863\">零跑</a>毛利率亦逐步增长,2025年三季度分别达到15.6%和14.5%。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251202175615781d1529bjjen9y0fg\"/></article></body></html>","source":"tencent","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>高管回应小米成毛利率提升最快车企:没有在毛利率上对谁发起冲击的打算</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n高管回应小米成毛利率提升最快车企:没有在毛利率上对谁发起冲击的打算\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-02 17:50 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251202175619a4c7cf2b&s=b><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技12月2日消息,2025年第三季度已上市新势力车企毛利率表现上,小米增速最快,而公司高管也是正面回应。小米集团董事长特别助理、战略市场部副总经理徐洁云回应:“小米没有在毛利率上对谁发起冲击的打算。另,我们在Q3财报发布时说过,预期明年汽车业务毛利率会有下降。”按照之前小米公布的财报,旗下汽车毛利率增长显著,从2024年一季度的15.6%上升至2025年三季度的25.5%,成为主流品牌中毛利率...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251202175619a4c7cf2b&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","09868":"小鹏汽车-W","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251202175619a4c7cf2b&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2588001039","content_text":"快科技12月2日消息,2025年第三季度已上市新势力车企毛利率表现上,小米增速最快,而公司高管也是正面回应。小米集团董事长特别助理、战略市场部副总经理徐洁云回应:“小米没有在毛利率上对谁发起冲击的打算。另,我们在Q3财报发布时说过,预期明年汽车业务毛利率会有下降。”按照之前小米公布的财报,旗下汽车毛利率增长显著,从2024年一季度的15.6%上升至2025年三季度的25.5%,成为主流品牌中毛利率提升最快的车企。当然了,在已上市的新势力品牌中,赛力斯以30%的毛利率领跑行业,成为本季度唯一突破30%大关的品牌。理想、蔚来和小鹏的毛利率分别是19.8%、14.7%和13.1%,而极氪、零跑毛利率亦逐步增长,2025年三季度分别达到15.6%和14.5%。","news_type":1,"symbols_score_info":{"81810":0.6,"09927":0.9,"09868":0.9,"XIACY":0.6,"01810":1.5,"09866":0.9,"09863":0.9,"MIUmain":0.6,"02015":0.9,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":1027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":506526814814376,"gmtCreate":1764639800445,"gmtModify":1764639802707,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"你在说什么???月产5000万只???","listText":"你在说什么???月产5000万只???","text":"你在说什么???月产5000万只???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/506526814814376","repostId":"2588749538","repostType":2,"repost":{"id":"2588749538","kind":"highlight","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":1764571787,"share":"https://www.laohu8.com/m/news/2588749538?lang=zh_CN&edition=full","pubTime":"2025-12-01 14:49","market":"other","language":"zh","title":"月产5000万只!当Labubu不再稀缺,泡泡玛特拿什么接棒?","url":"https://stock-news.laohu8.com/highlight/detail?id=2588749538","media":"华尔街见闻","summary":"德银警告,泡泡玛特正在遭遇“可获得性悖论”(Availability Paradox)。随着产能极其激进地扩张至年底的月产5000万个,Labubu正从稀缺的潮流IP迅速沦为大众消费品,对于依赖“酷”和“稀缺”属性的潮流玩具而言,这种普及往往是热度衰退的前兆。如果Labubu热度在2026年见顶且无新爆款接力(熊市情景),届时泡泡玛特估值压力将陡增。","content":"<html><head></head><body><p>德银警告,<a href=\"https://laohu8.com/S/09992\">泡泡玛特</a>正在遭遇“可获得性悖论”(Availability Paradox)。随着产能极其激进地扩张至年底的月产5000万个,Labubu正从稀缺的潮流IP迅速沦为大众消费品,稀缺性溢价的消失将直接打击其时尚属性和二级市场价格。</p><p>据追风交易台消息,德银在12月1日的报告中表示,市场习惯于根据2025年的爆发式增长线性推导未来,但当前由Labubu推动的强劲增长掩盖了泡泡玛特供需反转的巨大风险。</p><p>如果Labubu热度在2026年见顶且无新爆款接力(熊市情景),届时泡泡玛特估值压力将陡增。基于2025年预期的市盈率(18x/20x),德银分析师给予泡泡玛特持有评级,港股目标价228港元,</p><h2 id=\"id_907308799\">产能狂飙与稀缺性的终结:从1000万到5000万</h2><p>德银认为,泡泡玛特正在进行一场危险的赌博:用稀缺性换取短期收入规模。为了满足激增的需求,泡泡玛特的产能已从上半年的月均约1000万个,疯狂拉升至年底的月均5000万个。</p><p>这一举措虽然将在2025年带来约为145亿人民币的调整后净利润,但也不仅解决了供应瓶颈,更制造了“可获得性悖论”。曾经的一货难求变成了随处可见,Labubu正从供应受限的“时尚单品”转变为“大众商品”。</p><p>德银警告,<strong>对于依赖“酷”和“稀缺”属性的潮流玩具而言,这种普及往往是热度衰退的前兆。</strong></p><p>作为衡量IP热度最敏感的晴雨表,二级市场价格已发出预警。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c60a5e0a67e697efea2540eb2836afb2\" tg-width=\"1024\" tg-height=\"381\"/></p><p>自2025年8月以来,随着供应洪峰的到来,Labubu及其他热门IP的溢价全线溃退:</p><blockquote><p>溢价腰斩: 热门的Labubu“隐藏款”溢价缩水超过50%。</p><p>现货破发: Labubu 3.0和4.0的常规款在“千岛”或“闲鱼”上的挂牌价已跌破官方零售价。</p><p>具体案例: Labubu 1.0 “Exciting Macaron” 隐藏款价格自峰值下跌50%;Labubu 3.0 “Love” 款自峰值下跌81%;Crypto Wild but Cutie 系列隐藏款甚至下跌了100%。</p></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a3bcd330a0741e1a01216ee825211b8e\" tg-width=\"1024\" tg-height=\"588\"/></p><p>当黄牛无利可图,收藏者发现甚至可以原价在电商平台买到时,恐慌性的囤货需求将瞬间消失,进而反噬一级市场销量。</p><h2 id=\"id_1754946526\">海外市场:从“排队抢购”到“货架积压”</h2><p><strong>海外市场的热度同样面临考验。在2025年中期,消费者需要排队数小时或预订数月才能买到Labubu,这种稀缺性曾将海外单店坪效推至奢侈品级别。</strong></p><p>然而,最新的渠道检查显示情况已发生根本逆转。在美国、英国、澳大利亚等主要市场,无论是泡泡玛特官网还是<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>,曾经紧俏的Labubu、Crybaby等产品现在均显示“有货”(Yes)。</p><p>与此同时,Labubu在<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>上的搜索热度自2025年中期以来持续下降。这意味着新用户的关注度正在降低,而货源却源源不断,这一剪刀差将不可避免地导致单店生产力下降。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1adc352d27dd5dc2cf88578883fd6fe8\" tg-width=\"824\" tg-height=\"578\"/></p><p>更令投资者担忧的是新品发布的市场反馈。近期推出的“Labubu Mini”和“The Monsters 1 a.m.”系列遭遇了滑铁卢:</p><blockquote><p>销售放缓: 11月7日发布的“The Monsters 1 a.m.”系列(原价79元人民币)未能像以前那样瞬间售罄。</p><p>即刻打折: 新品发布后几乎立即在二级市场出现折扣,价格跌破发行价。</p><p>口碑分化: 社交媒体上关于设计和质量的负面评价增多。</p></blockquote><p><strong>这表明消费者对LabubuIP可能已产生“时尚疲劳”,单纯依靠增加供应量已无法掩盖产品吸引力的下降。</strong></p><h2 id=\"id_2777540085\">估值情景推演:13倍还是23倍?</h2><p>德银维持泡泡玛特“持有”评级,目标价228港元。鉴于Labubu热度走势的不确定性,德银给出了截然不同的两种估值情景:</p><blockquote><p>熊市情景(Bear Case):</p><p>假设Labubu热度在2026年见顶下滑,且无新IP接棒。预计2026年中国收入同比下降20%,海外收入下降10%。这将导致2026年净利润降至106亿人民币(RMB 10.6 billion),隐含市盈率将升至23倍,估值压力巨大。</p><p>牛市情景(Bull Case):</p><p>假设增长势头持续且新IP爆发。中国收入增长30%,海外增长50%。2026年净利润将超过231亿人民币(RMB 23.1 billion),隐含市盈率降至13倍,股票将迎来重新评级。</p></blockquote></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>月产5000万只!当Labubu不再稀缺,泡泡玛特拿什么接棒?</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n月产5000万只!当Labubu不再稀缺,泡泡玛特拿什么接棒?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-01 14:49 北京时间 <a href=https://wallstreetcn.com/articles/3760437><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>德银警告,泡泡玛特正在遭遇“可获得性悖论”(Availability Paradox)。随着产能极其激进地扩张至年底的月产5000万个,Labubu正从稀缺的潮流IP迅速沦为大众消费品,稀缺性溢价的消失将直接打击其时尚属性和二级市场价格。据追风交易台消息,德银在12月1日的报告中表示,市场习惯于根据2025年的爆发式增长线性推导未来,但当前由Labubu推动的强劲增长掩盖了泡泡玛特供需反转的巨大...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3760437\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/bc5fa21dc722683081d628ec61f0fd6f","relate_stocks":{"09992":"泡泡玛特","BK1224":"专卖店"},"source_url":"https://wallstreetcn.com/articles/3760437","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588749538","content_text":"德银警告,泡泡玛特正在遭遇“可获得性悖论”(Availability Paradox)。随着产能极其激进地扩张至年底的月产5000万个,Labubu正从稀缺的潮流IP迅速沦为大众消费品,稀缺性溢价的消失将直接打击其时尚属性和二级市场价格。据追风交易台消息,德银在12月1日的报告中表示,市场习惯于根据2025年的爆发式增长线性推导未来,但当前由Labubu推动的强劲增长掩盖了泡泡玛特供需反转的巨大风险。如果Labubu热度在2026年见顶且无新爆款接力(熊市情景),届时泡泡玛特估值压力将陡增。基于2025年预期的市盈率(18x/20x),德银分析师给予泡泡玛特持有评级,港股目标价228港元,产能狂飙与稀缺性的终结:从1000万到5000万德银认为,泡泡玛特正在进行一场危险的赌博:用稀缺性换取短期收入规模。为了满足激增的需求,泡泡玛特的产能已从上半年的月均约1000万个,疯狂拉升至年底的月均5000万个。这一举措虽然将在2025年带来约为145亿人民币的调整后净利润,但也不仅解决了供应瓶颈,更制造了“可获得性悖论”。曾经的一货难求变成了随处可见,Labubu正从供应受限的“时尚单品”转变为“大众商品”。德银警告,对于依赖“酷”和“稀缺”属性的潮流玩具而言,这种普及往往是热度衰退的前兆。作为衡量IP热度最敏感的晴雨表,二级市场价格已发出预警。自2025年8月以来,随着供应洪峰的到来,Labubu及其他热门IP的溢价全线溃退:溢价腰斩: 热门的Labubu“隐藏款”溢价缩水超过50%。现货破发: Labubu 3.0和4.0的常规款在“千岛”或“闲鱼”上的挂牌价已跌破官方零售价。具体案例: Labubu 1.0 “Exciting Macaron” 隐藏款价格自峰值下跌50%;Labubu 3.0 “Love” 款自峰值下跌81%;Crypto Wild but Cutie 系列隐藏款甚至下跌了100%。当黄牛无利可图,收藏者发现甚至可以原价在电商平台买到时,恐慌性的囤货需求将瞬间消失,进而反噬一级市场销量。海外市场:从“排队抢购”到“货架积压”海外市场的热度同样面临考验。在2025年中期,消费者需要排队数小时或预订数月才能买到Labubu,这种稀缺性曾将海外单店坪效推至奢侈品级别。然而,最新的渠道检查显示情况已发生根本逆转。在美国、英国、澳大利亚等主要市场,无论是泡泡玛特官网还是亚马逊,曾经紧俏的Labubu、Crybaby等产品现在均显示“有货”(Yes)。与此同时,Labubu在谷歌上的搜索热度自2025年中期以来持续下降。这意味着新用户的关注度正在降低,而货源却源源不断,这一剪刀差将不可避免地导致单店生产力下降。更令投资者担忧的是新品发布的市场反馈。近期推出的“Labubu Mini”和“The Monsters 1 a.m.”系列遭遇了滑铁卢:销售放缓: 11月7日发布的“The Monsters 1 a.m.”系列(原价79元人民币)未能像以前那样瞬间售罄。即刻打折: 新品发布后几乎立即在二级市场出现折扣,价格跌破发行价。口碑分化: 社交媒体上关于设计和质量的负面评价增多。这表明消费者对LabubuIP可能已产生“时尚疲劳”,单纯依靠增加供应量已无法掩盖产品吸引力的下降。估值情景推演:13倍还是23倍?德银维持泡泡玛特“持有”评级,目标价228港元。鉴于Labubu热度走势的不确定性,德银给出了截然不同的两种估值情景:熊市情景(Bear Case):假设Labubu热度在2026年见顶下滑,且无新IP接棒。预计2026年中国收入同比下降20%,海外收入下降10%。这将导致2026年净利润降至106亿人民币(RMB 10.6 billion),隐含市盈率将升至23倍,估值压力巨大。牛市情景(Bull Case):假设增长势头持续且新IP爆发。中国收入增长30%,海外增长50%。2026年净利润将超过231亿人民币(RMB 23.1 billion),隐含市盈率降至13倍,股票将迎来重新评级。","news_type":1,"symbols_score_info":{"09992":1.5}},"isVote":1,"tweetType":1,"viewCount":1152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":503982241968144,"gmtCreate":1764076375550,"gmtModify":1764076377561,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$ </a> 买入了,Gemini 3真的太猛了。不论现在是什么价格,我都建议买入","listText":"<a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$ </a> 买入了,Gemini 3真的太猛了。不论现在是什么价格,我都建议买入","text":"$谷歌(GOOG)$ 买入了,Gemini 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空头有点猛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499444509757888","isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":498623777440512,"gmtCreate":1762757270297,"gmtModify":1762757272037,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 空头不吸筹到足够低的筹码是不会做多的。本质上,做多的资金也是希望获得更低的筹码价格,股价压制下来反而多空双方成了一个共识","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 空头不吸筹到足够低的筹码是不会做多的。本质上,做多的资金也是希望获得更低的筹码价格,股价压制下来反而多空双方成了一个共识","text":"$小米集团-W(01810)$ 空头不吸筹到足够低的筹码是不会做多的。本质上,做多的资金也是希望获得更低的筹码价格,股价压制下来反而多空双方成了一个共识","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/498623777440512","isVote":1,"tweetType":1,"viewCount":2447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":497554525077664,"gmtCreate":1762496637714,"gmtModify":1762496639593,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVO\">$诺和诺德(NVO)$ </a> 废了,暴利时代终结,和国内一样集采降价,都没有利润","listText":"<a href=\"https://laohu8.com/S/NVO\">$诺和诺德(NVO)$ </a> 废了,暴利时代终结,和国内一样集采降价,都没有利润","text":"$诺和诺德(NVO)$ 废了,暴利时代终结,和国内一样集采降价,都没有利润","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/497554525077664","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":497342575604424,"gmtCreate":1762444613550,"gmtModify":1762444615397,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/XIACY\">$小米集团ADR(XIACY)$ </a> 不理解为什么能下跌动能会这么强,但是接受现状了,等财报日吧。","listText":"<a href=\"https://laohu8.com/S/XIACY\">$小米集团ADR(XIACY)$ </a> 不理解为什么能下跌动能会这么强,但是接受现状了,等财报日吧。","text":"$小米集团ADR(XIACY)$ 不理解为什么能下跌动能会这么强,但是接受现状了,等财报日吧。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/497342575604424","isVote":1,"tweetType":1,"viewCount":2432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":439260021391384,"gmtCreate":1748259613810,"gmtModify":1748259615983,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DUO\">$房多多(DUO)$ </a> $房多多(DUO)$ 1. 会议基本信息:会议定于2025年5月27日晚上8点(中国时间)在深圳南山举行,旨在审议三项提案,确定5月2日为登记日,有权股东可参会投票。 2. 提案详情:提案1是进行股份合并,16股合并为1股,以维持纳斯达克上市资格;提案2为增加授权股本,满足公司发展需求;提案3是采用第七版修订并重述的组织章程大纲及章程细则,融入前两项提案内容 。","listText":"<a href=\"https://laohu8.com/S/DUO\">$房多多(DUO)$ </a> 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万股不到,股票池子太小了,流动性太差的情况下,被套牢的人就会选择进一步下跌,谋求卖出去,16 合 1 之后股价就是 3.6 元以上,下跌空间会进一步打开","html":"如果 选择 16:1 的 方案 ,4905 万股的总股池,直接变成 307 万股不到,股票池子太小了,流动性太差的情况下,被套牢的人就会选择进一步下跌,谋求卖出去,16 合 1 之后股价就是 3.6 元以上,下跌空间会进一步打开"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":418154913972544,"gmtCreate":1743129892966,"gmtModify":1743129894535,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01318\">$毛戈平(01318)$ </a> 挂单95-96,这波利空对冲掉了财报的利好,如果大股东减持,就进一步看空到 80,大股东大概率是要做一波减持的,需要把这个悬在头上的利空出尽,不然股价会被一直压制着","listText":"<a href=\"https://laohu8.com/S/01318\">$毛戈平(01318)$ </a> 挂单95-96,这波利空对冲掉了财报的利好,如果大股东减持,就进一步看空到 80,大股东大概率是要做一波减持的,需要把这个悬在头上的利空出尽,不然股价会被一直压制着","text":"$毛戈平(01318)$ 挂单95-96,这波利空对冲掉了财报的利好,如果大股东减持,就进一步看空到 80,大股东大概率是要做一波减持的,需要把这个悬在头上的利空出尽,不然股价会被一直压制着","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/418154913972544","isVote":1,"tweetType":1,"viewCount":22463,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4087883810201120","authorId":"4087883810201120","name":"囤票","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"4087883810201120","idStr":"4087883810201120"},"content":"股价的走势我搞不清,但雅诗兰黛的23年营收是毛戈平的42倍,股价只不过是毛的3.几倍","text":"股价的走势我搞不清,但雅诗兰黛的23年营收是毛戈平的42倍,股价只不过是毛的3.几倍","html":"股价的走势我搞不清,但雅诗兰黛的23年营收是毛戈平的42倍,股价只不过是毛的3.几倍"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359008965411104,"gmtCreate":1728656730301,"gmtModify":1728656733230,"author":{"id":"3481148797461826","authorId":"3481148797461826","name":"拓拔野","avatar":"https://static.tigerbbs.com/67a9593b78528172ba5efe083bc70fd7","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3481148797461826","idStr":"3481148797461826"},"themes":[],"htmlText":"<a 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