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KenChee

KenChee

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2021-05-10

$Unity Software Inc.(U)$死的很惨[捂脸]

2021-04-28

$AMD(AMD)$At last, got some positive results after a few months.

2021-03-12

$AMD(AMD)$是时候放手啦[流泪]

2021-06-08

$DouYu(DOYU)$Really got no hope

2021-03-05

$Unity Software Inc.(U)$不知要加仓还是要离场？ [流泪]

2021-04-23

$Tesla Motors(TSLA)$Going strong

2021-09-02

$Unity Software Inc.(U)$Good. Let it fly

2021-06-19

$AMD(AMD)$up trend. Good

2021-03-02

$DouYu(DOYU)$先在是不是时候加仓？[思考]

2021-05-25

$AMD(AMD)$although still down but luckily it is on up trend

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Let it fly","images":[{"img":"https://static.tigerbbs.com/e2f6eee53d30fb9187f05bda4f90b80e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/812528132","isVote":1,"tweetType":1,"viewCount":1977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892771579,"gmtCreate":1628691771391,"gmtModify":1631890388413,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892771579","repostId":"1187115140","repostType":4,"repost":{"id":"1187115140","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628690397,"share":"https://www.laohu8.com/m/news/1187115140?lang=zh_CN&edition=full","pubTime":"2021-08-11 21:59","market":"us","language":"en","title":"Unity Software shares gains 10% in early trading.<blockquote>Unity Software股价早盘上涨10%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187115140","media":"Tiger Newspress","summary":"Unity Software shares gains 10% in early trading.\nUnity posted a Q2 loss of $0.02 per share on sales","content":"<p>Unity&nbsp;Software&nbsp;shares&nbsp;gains&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>Unity Software股价早盘上涨10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/60f0ca932c3c5711de4b40a6b16f1d8d\" tg-width=\"897\" tg-height=\"622\" referrerpolicy=\"no-referrer\">Unity posted a Q2 loss of $0.02 per share on sales of $273.6 million to top the analyst consensus of a loss of $0.11 per share on sales of $242.3 million. Unity previously guided for Q2 sales of $242.5 million, at the midpoint of guidance.</p><p><blockquote>Unity公布第二季度每股亏损0.02美元，销售额为2.736亿美元，高于分析师普遍预期的每股亏损0.11美元，销售额为2.423亿美元。Unity此前预计第二季度销售额为2.425亿美元，处于指导中点。</blockquote></p><p> “At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators. Unity is designed to enable creators to build anything digital and to instantly deploy their work across dozens of platform types and devices, which is to make participating in building the metaverse accessible to all creators,” said John Riccitiello, President and Chief Executive Officer, Unity.</p><p><blockquote>“在Unity，我们的目标是为创作者提供作为RT3D创作者取得成功的最佳工具。Unity旨在使创作者能够构建任何数字化内容，并在数十种平台类型和设备上即时部署他们的作品，这是为了让参与构建所有创作者都可以使用的元宇宙，”Unity总裁兼首席执行官John Riccitiello说道。</blockquote></p><p> The company also delivered a beat on the outlook as it projects for Q3 revenue to come between $260 million and $265 million to beat the consensus of $253.3 million. Full-year, the company is projecting revenue between $1.05 billion and $1.06 billion for the year, higher than the company’s prior forecast of $1 billion to $1.02 billion for the year and analyst consensus of $1.01 billion.</p><p><blockquote>该公司的前景也超出了预期，预计第三季度收入将在2.6亿美元至2.65亿美元之间，超过市场普遍预期的2.533亿美元。全年来看，该公司预计全年营收在10.5亿美元至10.6亿美元之间，高于该公司此前预测的10亿美元至10.2亿美元以及分析师普遍预期的10.1亿美元。</blockquote></p><p> Furthermore, the company reported it will acquire remote desktop and streaming technology company Parsec for roughly $320 million in cash.</p><p><blockquote>此外，该公司报告称，将以约3.2亿美元现金收购远程桌面和流媒体技术公司Parsec。</blockquote></p><p> Oppenheimer analyst Martin Yang raised the price target to $125.00 per share from $103.00 on the Outperform-rated stock after the company delivered better than expected 2Q results with “impressive operating momentum.</p><p><blockquote>Oppenheimer分析师Martin Yang将该股跑赢大盘的目标价从每股103.00美元上调至每股125.00美元，此前该公司第二季度业绩好于预期，“运营势头令人印象深刻”。</blockquote></p><p></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>Unity Software shares gains 10% in early trading.<blockquote>Unity Software股价早盘上涨10%。</blockquote></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\">\nUnity Software shares gains 10% in early trading.<blockquote>Unity Software股价早盘上涨10%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-11 21:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Unity&nbsp;Software&nbsp;shares&nbsp;gains&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>Unity Software股价早盘上涨10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/60f0ca932c3c5711de4b40a6b16f1d8d\" tg-width=\"897\" tg-height=\"622\" referrerpolicy=\"no-referrer\">Unity posted a Q2 loss of $0.02 per share on sales of $273.6 million to top the analyst consensus of a loss of $0.11 per share on sales of $242.3 million. Unity previously guided for Q2 sales of $242.5 million, at the midpoint of guidance.</p><p><blockquote>Unity公布第二季度每股亏损0.02美元，销售额为2.736亿美元，高于分析师普遍预期的每股亏损0.11美元，销售额为2.423亿美元。Unity此前预计第二季度销售额为2.425亿美元，处于指导中点。</blockquote></p><p> “At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators. Unity is designed to enable creators to build anything digital and to instantly deploy their work across dozens of platform types and devices, which is to make participating in building the metaverse accessible to all creators,” said John Riccitiello, President and Chief Executive Officer, Unity.</p><p><blockquote>“在Unity，我们的目标是为创作者提供作为RT3D创作者取得成功的最佳工具。Unity旨在使创作者能够构建任何数字化内容，并在数十种平台类型和设备上即时部署他们的作品，这是为了让参与构建所有创作者都可以使用的元宇宙，”Unity总裁兼首席执行官John Riccitiello说道。</blockquote></p><p> The company also delivered a beat on the outlook as it projects for Q3 revenue to come between $260 million and $265 million to beat the consensus of $253.3 million. Full-year, the company is projecting revenue between $1.05 billion and $1.06 billion for the year, higher than the company’s prior forecast of $1 billion to $1.02 billion for the year and analyst consensus of $1.01 billion.</p><p><blockquote>该公司的前景也超出了预期，预计第三季度收入将在2.6亿美元至2.65亿美元之间，超过市场普遍预期的2.533亿美元。全年来看，该公司预计全年营收在10.5亿美元至10.6亿美元之间，高于该公司此前预测的10亿美元至10.2亿美元以及分析师普遍预期的10.1亿美元。</blockquote></p><p> Furthermore, the company reported it will acquire remote desktop and streaming technology company Parsec for roughly $320 million in cash.</p><p><blockquote>此外，该公司报告称，将以约3.2亿美元现金收购远程桌面和流媒体技术公司Parsec。</blockquote></p><p> Oppenheimer analyst Martin Yang raised the price target to $125.00 per share from $103.00 on the Outperform-rated stock after the company delivered better than expected 2Q results with “impressive operating momentum.</p><p><blockquote>Oppenheimer分析师Martin Yang将该股跑赢大盘的目标价从每股103.00美元上调至每股125.00美元，此前该公司第二季度业绩好于预期，“运营势头令人印象深刻”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U":"Unity Software Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187115140","content_text":"Unity Software shares gains 10% in early trading.\nUnity posted a Q2 loss of $0.02 per share on sales of $273.6 million to top the analyst consensus of a loss of $0.11 per share on sales of $242.3 million. Unity previously guided for Q2 sales of $242.5 million, at the midpoint of guidance.\n“At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators. Unity is designed to enable creators to build anything digital and to instantly deploy their work across dozens of platform types and devices, which is to make participating in building the metaverse accessible to all creators,” said John Riccitiello, President and Chief Executive Officer, Unity.\nThe company also delivered a beat on the outlook as it projects for Q3 revenue to come between $260 million and $265 million to beat the consensus of $253.3 million. Full-year, the company is projecting revenue between $1.05 billion and $1.06 billion for the year, higher than the company’s prior forecast of $1 billion to $1.02 billion for the year and analyst consensus of $1.01 billion.\nFurthermore, the company reported it will acquire remote desktop and streaming technology company Parsec for roughly $320 million in cash.\nOppenheimer analyst Martin Yang raised the price target to $125.00 per share from $103.00 on the Outperform-rated stock after the company delivered better than expected 2Q results with “impressive operating momentum.","news_type":1,"symbols_score_info":{"U":0.9}},"isVote":1,"tweetType":1,"viewCount":2099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809825074,"gmtCreate":1627359443898,"gmtModify":1631890388415,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/809825074","repostId":"1103996297","repostType":4,"repost":{"id":"1103996297","kind":"news","pubTimestamp":1627357394,"share":"https://www.laohu8.com/m/news/1103996297?lang=zh_CN&edition=full","pubTime":"2021-07-27 11:43","market":"us","language":"en","title":"Goldman Sachs slashes US economic growth forecast over weaker spending on services<blockquote>高盛因服务业支出疲软下调美国经济增长预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103996297","media":"CNN","summary":"New York Goldman Sachs  slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant.During the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices for furniture and other household items, in response to surging demand and shortages of materials.That's why rotation is necessary in how people spend their cash, said G","content":"<p>New York (CNN Business)Goldman Sachs (GS) slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant.</p><p><blockquote>纽约（CNN商业）高盛（GS）大幅下调了对美国下半年经济活动的预测，指出消费者服务业支出低迷以及Covid-19德尔塔变异毒株带来的威胁。</blockquote></p><p> During the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices for furniture and other household items, in response to surging demand and shortages of materials.</p><p><blockquote>在疫情和复苏开始期间，美国人在商品上花了很多钱：二手车价格飙升，家具和其他家居用品的价格也是如此，以应对需求激增和材料短缺。</blockquote></p><p> But in normal times, consumers spend much more on services like concerts or dining out —and the big spending on goods that has defined the pandemic recovery so far isn't sustainable to keep the US economy growing.</p><p><blockquote>但在正常情况下，消费者在音乐会或外出就餐等服务上的支出要多得多，而迄今为止，疫情复苏的大宗商品支出无法持续保持美国经济增长。</blockquote></p><p> That's why rotation is necessary in how people spend their cash, said Goldman Sachs economist Ronnie Walker on Monday in a note to clients. But fears around the Delta variant are keeping services spending down.</p><p><blockquote>高盛经济学家罗尼·沃克周一在给客户的一份报告中表示，这就是为什么人们使用现金的方式需要轮换。但对德尔塔变异毒株的担忧正在压低服务支出。</blockquote></p><p> \"The services categories where spending remains depressed are generally either associated with high virus risk, such as live entertainment events, or connected to office-based work, such as ground transportation or dry cleaners,\" Walker wrote.</p><p><blockquote>沃克写道：“支出仍然低迷的服务类别通常要么与高病毒风险有关，例如现场娱乐活动，要么与办公室工作有关，例如地面交通或干洗店。”</blockquote></p><p> In response, Goldman slashed its gross domestic product growth forecast, the widest measure of economic activity, by one percentage point in both the third and fourth quarters.</p><p><blockquote>作为回应，高盛将第三季度和第四季度国内生产总值（GDP）增长预期下调了一个百分点，这是衡量经济活动的最广泛指标。</blockquote></p><p> Between July and September, the Wall Street bank expected 8.5% annualized growth, before dropping to 5% in the last three months of the year. For the full year, Goldman predicts 6.6% GDP growth.</p><p><blockquote>7月至9月期间，这家华尔街银行预计年化增长率为8.5%，然后在今年最后三个月降至5%。高盛预测全年GDP增长6.6%。</blockquote></p><p> From 2022 on, the pace of expansion will slow further, trending back toward the 1.5% to 2% annualized growth what the nation typically saw before the pandemic.</p><p><blockquote>从2022年开始，扩张步伐将进一步放缓，回到疫情之前该国通常看到的1.5%至2%的年化增长率。</blockquote></p><p> Even though roughly half of Americans are fully vaccinated, cases are rising. In 48 states, the rate of new Covid-19 cases in the past week jumped by at least 10% compared to the previous week, according to data from Johns Hopkins University. In 34 of those states, the rate of new cases increased by more than 50%.</p><p><blockquote>尽管大约一半的美国人完全接种了疫苗，但病例仍在上升。约翰·霍普金斯大学的数据显示，在48个州，过去一周新增Covid-19病例的比率比前一周上升了至少10%。在其中34个州，新病例率增加了50%以上。</blockquote></p><p> The rise of infections through the variant is coming at an inopportune time: The economy is still not back to normal, and the resurgence of infections could keep people from fully participating in the economy.</p><p><blockquote>通过该变种感染的上升来得不合时宜：经济仍未恢复正常，感染的死灰复燃可能会使人们无法充分参与经济。</blockquote></p><p> \"While most consumers appear to be comfortable returning to high-contact services, some are still hesitant,\" said Walker. \"They are likely to remain cautious for now as the spread of the Delta variant keeps Covid fears alive, delaying a full recovery.\"</p><p><blockquote>沃克说：“虽然大多数消费者似乎对重返高接触服务感到满意，但有些人仍然犹豫不决。”“他们目前可能会保持谨慎，因为德尔塔变异毒株的蔓延使人们对新冠病毒的担忧持续存在，从而推迟了全面复苏。”</blockquote></p><p> At the same time, Goldman's economists believe the Delta variant's impact on the economy will be somewhat limited: \"Appetite for new government-mandated restrictions appears low; early state-level evidence shows little impact on consumer spending so far; and the virus situation already appears to be improving in the United Kingdom and other countries where it spread earliest,\" Walker wrote.</p><p><blockquote>与此同时，高盛的经济学家认为，德尔塔变异毒株对经济的影响将在一定程度上有限：“对政府强制实施的新限制措施的兴趣似乎很低；早期的州级证据显示，到目前为止，对消费者支出的影响很小；而且病毒情况在英国和其他传播最早的国家似乎正在改善，”沃克写道。</blockquote></p><p></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>Goldman Sachs slashes US economic growth forecast over weaker spending on services<blockquote>高盛因服务业支出疲软下调美国经济增长预期</blockquote></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; 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}\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\">\nGoldman Sachs slashes US economic growth forecast over weaker spending on services<blockquote>高盛因服务业支出疲软下调美国经济增长预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-07-27 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)Goldman Sachs (GS) slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant.</p><p><blockquote>纽约（CNN商业）高盛（GS）大幅下调了对美国下半年经济活动的预测，指出消费者服务业支出低迷以及Covid-19德尔塔变异毒株带来的威胁。</blockquote></p><p> During the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices for furniture and other household items, in response to surging demand and shortages of materials.</p><p><blockquote>在疫情和复苏开始期间，美国人在商品上花了很多钱：二手车价格飙升，家具和其他家居用品的价格也是如此，以应对需求激增和材料短缺。</blockquote></p><p> But in normal times, consumers spend much more on services like concerts or dining out —and the big spending on goods that has defined the pandemic recovery so far isn't sustainable to keep the US economy growing.</p><p><blockquote>但在正常情况下，消费者在音乐会或外出就餐等服务上的支出要多得多，而迄今为止，疫情复苏的大宗商品支出无法持续保持美国经济增长。</blockquote></p><p> That's why rotation is necessary in how people spend their cash, said Goldman Sachs economist Ronnie Walker on Monday in a note to clients. But fears around the Delta variant are keeping services spending down.</p><p><blockquote>高盛经济学家罗尼·沃克周一在给客户的一份报告中表示，这就是为什么人们使用现金的方式需要轮换。但对德尔塔变异毒株的担忧正在压低服务支出。</blockquote></p><p> \"The services categories where spending remains depressed are generally either associated with high virus risk, such as live entertainment events, or connected to office-based work, such as ground transportation or dry cleaners,\" Walker wrote.</p><p><blockquote>沃克写道：“支出仍然低迷的服务类别通常要么与高病毒风险有关，例如现场娱乐活动，要么与办公室工作有关，例如地面交通或干洗店。”</blockquote></p><p> In response, Goldman slashed its gross domestic product growth forecast, the widest measure of economic activity, by one percentage point in both the third and fourth quarters.</p><p><blockquote>作为回应，高盛将第三季度和第四季度国内生产总值（GDP）增长预期下调了一个百分点，这是衡量经济活动的最广泛指标。</blockquote></p><p> Between July and September, the Wall Street bank expected 8.5% annualized growth, before dropping to 5% in the last three months of the year. For the full year, Goldman predicts 6.6% GDP growth.</p><p><blockquote>7月至9月期间，这家华尔街银行预计年化增长率为8.5%，然后在今年最后三个月降至5%。高盛预测全年GDP增长6.6%。</blockquote></p><p> From 2022 on, the pace of expansion will slow further, trending back toward the 1.5% to 2% annualized growth what the nation typically saw before the pandemic.</p><p><blockquote>从2022年开始，扩张步伐将进一步放缓，回到疫情之前该国通常看到的1.5%至2%的年化增长率。</blockquote></p><p> Even though roughly half of Americans are fully vaccinated, cases are rising. In 48 states, the rate of new Covid-19 cases in the past week jumped by at least 10% compared to the previous week, according to data from Johns Hopkins University. In 34 of those states, the rate of new cases increased by more than 50%.</p><p><blockquote>尽管大约一半的美国人完全接种了疫苗，但病例仍在上升。约翰·霍普金斯大学的数据显示，在48个州，过去一周新增Covid-19病例的比率比前一周上升了至少10%。在其中34个州，新病例率增加了50%以上。</blockquote></p><p> The rise of infections through the variant is coming at an inopportune time: The economy is still not back to normal, and the resurgence of infections could keep people from fully participating in the economy.</p><p><blockquote>通过该变种感染的上升来得不合时宜：经济仍未恢复正常，感染的死灰复燃可能会使人们无法充分参与经济。</blockquote></p><p> \"While most consumers appear to be comfortable returning to high-contact services, some are still hesitant,\" said Walker. \"They are likely to remain cautious for now as the spread of the Delta variant keeps Covid fears alive, delaying a full recovery.\"</p><p><blockquote>沃克说：“虽然大多数消费者似乎对重返高接触服务感到满意，但有些人仍然犹豫不决。”“他们目前可能会保持谨慎，因为德尔塔变异毒株的蔓延使人们对新冠病毒的担忧持续存在，从而推迟了全面复苏。”</blockquote></p><p> At the same time, Goldman's economists believe the Delta variant's impact on the economy will be somewhat limited: \"Appetite for new government-mandated restrictions appears low; early state-level evidence shows little impact on consumer spending so far; and the virus situation already appears to be improving in the United Kingdom and other countries where it spread earliest,\" Walker wrote.</p><p><blockquote>与此同时，高盛的经济学家认为，德尔塔变异毒株对经济的影响将在一定程度上有限：“对政府强制实施的新限制措施的兴趣似乎很低；早期的州级证据显示，到目前为止，对消费者支出的影响很小；而且病毒情况在英国和其他传播最早的国家似乎正在改善，”沃克写道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/07/26/economy/goldman-sachs-services-economy-delta/index.html\">CNN</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/07/26/economy/goldman-sachs-services-economy-delta/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103996297","content_text":"New York (CNN Business)Goldman Sachs (GS) slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant.\nDuring the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices for furniture and other household items, in response to surging demand and shortages of materials.\nBut in normal times, consumers spend much more on services like concerts or dining out —and the big spending on goods that has defined the pandemic recovery so far isn't sustainable to keep the US economy growing.\nThat's why rotation is necessary in how people spend their cash, said Goldman Sachs economist Ronnie Walker on Monday in a note to clients. But fears around the Delta variant are keeping services spending down.\n\"The services categories where spending remains depressed are generally either associated with high virus risk, such as live entertainment events, or connected to office-based work, such as ground transportation or dry cleaners,\" Walker wrote.\nIn response, Goldman slashed its gross domestic product growth forecast, the widest measure of economic activity, by one percentage point in both the third and fourth quarters.\nBetween July and September, the Wall Street bank expected 8.5% annualized growth, before dropping to 5% in the last three months of the year. For the full year, Goldman predicts 6.6% GDP growth.\nFrom 2022 on, the pace of expansion will slow further, trending back toward the 1.5% to 2% annualized growth what the nation typically saw before the pandemic.\nEven though roughly half of Americans are fully vaccinated, cases are rising. In 48 states, the rate of new Covid-19 cases in the past week jumped by at least 10% compared to the previous week, according to data from Johns Hopkins University. In 34 of those states, the rate of new cases increased by more than 50%.\nThe rise of infections through the variant is coming at an inopportune time: The economy is still not back to normal, and the resurgence of infections could keep people from fully participating in the economy.\n\"While most consumers appear to be comfortable returning to high-contact services, some are still hesitant,\" said Walker. \"They are likely to remain cautious for now as the spread of the Delta variant keeps Covid fears alive, delaying a full recovery.\"\nAt the same time, Goldman's economists believe the Delta variant's impact on the economy will be somewhat limited: \"Appetite for new government-mandated restrictions appears low; early state-level evidence shows little impact on consumer spending so far; and the virus situation already appears to be improving in the United Kingdom and other countries where it spread earliest,\" Walker wrote.","news_type":1,"symbols_score_info":{".DJI":0.9,"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178917500,"gmtCreate":1626781089400,"gmtModify":1631885409721,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UBER\">$Uber(UBER)$</a>sad","listText":"<a href=\"https://laohu8.com/S/UBER\">$Uber(UBER)$</a>sad","text":"$Uber(UBER)$sad","images":[{"img":"https://static.tigerbbs.com/793525b54c62ee9f3eda7fd211503c0e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178917500","isVote":1,"tweetType":1,"viewCount":1694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144741926,"gmtCreate":1626316382265,"gmtModify":1631883715267,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>tough time","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>tough time","text":"$Unity Software Inc.(U)$tough time","images":[{"img":"https://static.tigerbbs.com/bb5d083d750e4321d476bdeb3b05a128","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/144741926","isVote":1,"tweetType":1,"viewCount":2676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145327836,"gmtCreate":1626191092425,"gmtModify":1631890388420,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Keep it up[开心]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Keep it up[开心]&nbsp;","text":"$AMD(AMD)$Keep it up[开心]","images":[{"img":"https://static.tigerbbs.com/d7bb9e095a24a9ee705cfb8e7028ba21","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/145327836","isVote":1,"tweetType":1,"viewCount":2338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":141215782,"gmtCreate":1625875063746,"gmtModify":1631890388423,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"Buy in again then...[财迷]&nbsp;","listText":"Buy in again then...[财迷]&nbsp;","text":"Buy in again then...[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/141215782","repostId":"1148576248","repostType":4,"repost":{"id":"1148576248","kind":"news","pubTimestamp":1623979883,"share":"https://www.laohu8.com/m/news/1148576248?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:31","market":"us","language":"en","title":"NIO Is Winning<blockquote>蔚来正在获胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576248","media":"seekingalpha","summary":"NIO is #1 in China's electric SUV market for good reason.The company's success is driven by its brilliant innovations and marketing strategy.NIO is growing faster than Tesla, and yet, it is trading at a discount.NIO Inc.  stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla .In ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</blockquote></p><p></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>NIO Is Winning<blockquote>蔚来正在获胜</blockquote></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\">\nNIO Is Winning<blockquote>蔚来正在获胜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is #1 in China's electric SUV market for good reason.</li>  <li>The company's success is driven by its brilliant innovations and marketing strategy.</li>  <li>NIO is growing faster than Tesla, and yet, it is trading at a discount.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/790fae23b830463fec748d2deb2ce336\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>PonyWang/E+ via Getty Images</span></p><p><blockquote><ul><li>蔚来在中国电动SUV市场排名第一是有充分理由的。</li><li>该公司的成功是由其出色的创新和营销策略推动的。</li><li>蔚来的增长速度快于特斯拉，但它的交易价格却有折扣。</li></ul><p class=\"t-img-caption\"><span>PonyWang/E+来自Getty Images</span></p></blockquote></p><p> NIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).</p><p><blockquote>蔚来（纽约证券交易所代码：蔚来）因其强大的市场地位——在中国电动SUV市场份额第一——以及在快速增长和竞争激烈的电动汽车行业的创新而脱颖而出。本文将讨论为什么蔚来在一些激烈的竞争中获胜，包括特斯拉(TSLA)。</blockquote></p><p> In addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.</p><p><blockquote>此外，我们将讨论蔚来的业务、财务、交易、估值和风险，以便读者能够做出自己明智的决定。</blockquote></p><p> <b>Business: Why NIO Wins</b></p><p><blockquote><b>商业：蔚来为何获胜</b></blockquote></p><p> NIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.</p><p><blockquote>蔚来将自己定位于高端SUV领域，专注于智能电动汽车，采用差异化的电池策略。</blockquote></p><p> Delivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.</p><p><blockquote>该公司的首款车型ES8于2019年3月交付，是一款豪华7座SUV，至今仍是该公司的旗舰产品。ES8配备ADAS和AI系统[NOMI]，可与比亚迪宋、特斯拉Model X、奥迪Q7 45 e-Tron等媲美。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/443e2773f70c00c6faac8ca063e978a5\" tg-width=\"640\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Leveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.</p><p><blockquote>凭借ES8大获成功带来的装机量和客户好感，蔚来成功推出了ES6和EC6。近日，该公司推出了首款轿车ET7。</blockquote></p><p> Today, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.</p><p><blockquote>根据中国汽车技术研究中心的数据，如今，蔚来以23%的市场份额成为4月份中国全电动SUV市场最畅销的品牌，高于特斯拉的17%、威马汽车和小鹏汽车（纽约证券交易所代码：XPEV）的7%。</blockquote></p><p> One of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.</p><p><blockquote>最大的竞争优势之一是蔚来的电池战略，该战略几乎消除了里程焦虑，而里程焦虑是电动汽车大规模采用的最大障碍之一。蔚来汽车不仅可以在任何电动汽车充电站充电，而且该公司还在国内主要城市建设了数百个电池交换站，并计划扩展到欧洲。</blockquote></p><p> NIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.</p><p><blockquote>蔚来的电池交换战略还使该公司能够提供电池即服务[BaaS]解决方案，从而将购买蔚来汽车的前期成本降低约11,000美元。由于成本是电动汽车大规模采用的另一个主要障碍，蔚来的电池战略似乎很出色，因为它解决了续航里程和成本问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b25fbb85bffd39310cd27cbb2bde57a\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Another differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.</p><p><blockquote>另一个差异化因素是蔚来品牌，管理层在2016年推出了EP9，从而出色地创造了该品牌。六辆EP9已以250万英镑的价格出售给蔚来投资者，为该品牌营造了一种独特和品质的氛围。接下来，蔚来凭借ES8瞄准了大众市场豪华SUV细分市场，牢牢确立了该公司作为豪华汽车OEM的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad41c960ce02f1e3f3e7575ac00beee0\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p> Chinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.</p><p><blockquote>中国企业必须与人们普遍认为他们生产的产品质量低的看法作斗争。这与日本公司在二战后战败后面临的认知问题相同。随着经济的成熟，日本通过向价值链上游移动并创建索尼（纽约证券交易所代码：SONY）等高质量品牌来解决这个问题。今天，日本以其工艺而闻名。</blockquote></p><p> China is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.</p><p><blockquote>中国也在遵循同样的轨迹，蔚来是摧毁“中国制造”等同于劣质观念的新兴品牌之一。我坚信，顽固坚持这种旧观念的投资者将错过投资世界上一些最伟大品牌的机会。</blockquote></p><p> Buying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.</p><p><blockquote>购买蔚来汽车不仅仅意味着获得一辆车；这意味着进入一个服务和便利的专属俱乐部。好处包括使用数百个交换站、终身免费路边救援（包括充电车）、终身免费蜂窝连接、终身免费保修和卓越的客户服务。这是蔚来的一个强大卖点，使其有别于特斯拉，后者最近在中国的客户服务方面名声不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73482aa0431694b760ab5c2d0aa6f53\" tg-width=\"640\" tg-height=\"211\" referrerpolicy=\"no-referrer\"><span>Source: Company</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司</span></p></blockquote></p><p></p><p> The company is pushing the envelope even further with&nbsp;NIO House, a literal clubhouse for customers, and&nbsp;NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be&nbsp;working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.</p><p><blockquote>该公司正在进一步挑战极限，推出了蔚来之家（London House）（一个真正的顾客俱乐部会所）和蔚来人寿（Kenneth Life），其中包括蔚来品牌的生活方式产品。蔚来围绕汽车打造生活方式的努力似乎正在发挥作用。这对投资者来说是个好消息，因为逃离汽车代工竞争战场的唯一方法就是向客户推销服务和生活方式。这就是为什么法拉利(RACE)的营业利润率远高于20%，而福特(F)和通用汽车(GM)则为个位数。</blockquote></p><p> <b>Financials &amp; Valuation</b></p><p><blockquote><b>财务与估值</b></blockquote></p><p> NIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.</p><p><blockquote>蔚来正处于高速增长模式。2020年，该公司实现收入25亿美元，同比增长126%。2021年，该公司预计将同比增长117%，达到54亿美元。</blockquote></p><p> The company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.</p><p><blockquote>该公司尚未盈利，但预计到2022年将实现盈利。毛利率仅在2020年转正，预计2021年为19.3%。预计2021年EBITDA为负2.58亿美元，2022年为正2.06亿美元。预计2021年自由现金流将为负4200万美元，然后在2022年转为正3.54亿美元。</blockquote></p><p> However, despite the cash burn expected in 2021, investors should feel at ease since the company exited&nbsp;2020&nbsp;with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.</p><p><blockquote>然而，尽管预计2021年将出现现金消耗，但投资者应该感到放心，因为该公司在2020年退出时拥有59亿美元的现金和现金等价物。包括6亿美元的短期投资，减去约21亿美元的债务和经营租赁以及2021年预期的负自由现金流，蔚来在2021年退出时应拥有超过40亿美元的净现金和投资。这是足够的缓冲，因为蔚来预计将在2022年产生正的自由现金流。</blockquote></p><p> Since NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).</p><p><blockquote>由于蔚来尚未盈利，我们将关注预期EV/销售额倍数，这对于尚未盈利的高速增长公司来说是典型的。该公司于2018年9月上市，交易价格约为EV/销售额的7至8倍，随后于2019年5月触底，约为销售额的0.7倍。然而，市场在2020年4月掀起了电动汽车热潮，到2021年1月，蔚来的估值飙升至14.6倍的峰值。在我们最近经历的增长抛售之后，蔚来目前的预期销售额为8倍，这要合理得多。尽管TSLA的增长速度是其两倍，但这与TSLA 10.2倍的预期EV/销售额相比仍有很大折扣（预计TSLA 2021年收入将增长57%，而蔚来为117%）。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> There are many risks associated with owning NIO.</p><p><blockquote>拥有蔚来有很多风险。</blockquote></p><p> Although its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.</p><p><blockquote>尽管其换电战略高度差异化，且似乎增长迅速，但换电或快充基础设施的最终市场份额仍未定论。如果快速充电技术继续大幅进步，很可能会侵蚀电池交换的一个关键优势：速度。</blockquote></p><p> NIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.</p><p><blockquote>蔚来的商业模式是创新和新的。不幸的是，另一方面是它未经测试，蔚来仍然没有盈利。对于许多投资者来说，在其商业模式的盈利能力改善之前，蔚来仍将是一个“向我展示”的故事。</blockquote></p><p> NIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.</p><p><blockquote>蔚来在全球扩张的能力可能会受到中美之间地缘政治紧张局势加剧的限制，在较小程度上也会受到与日欧之间地缘政治紧张局势的限制。地缘政治局势仍然高度不透明和不确定，是所有汽车原始设备制造商的风险因素。</blockquote></p><p> Auto OEMs are currently facing a severe chip&nbsp;shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.</p><p><blockquote>汽车主机厂目前正面临严重的芯片短缺。此外，汽车中的芯片密度正在增加，使得原始设备制造商越来越依赖半导体供应商和代工厂。</blockquote></p><p> NIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.</p><p><blockquote>蔚来的竞争优势可能无法克服内燃机原始设备制造商以及特斯拉和比亚迪等更大的电动汽车制造商的巨大规模优势。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> NIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.</p><p><blockquote>蔚来的技术和商业模式创新使其在令人兴奋且快速增长的电动汽车市场中成为一家高度差异化的公司。该公司正在获胜，随着其车辆和服务生态系统的发展，其竞争护城河也越来越大。相对于行业领导者特斯拉，鉴于其更快的增长率和更低的市盈率，蔚来的股价似乎很便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435341-nio-is-winning\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4435341-nio-is-winning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576248","content_text":"Summary\n\nNIO is #1 in China's electric SUV market for good reason.\nThe company's success is driven by its brilliant innovations and marketing strategy.\nNIO is growing faster than Tesla, and yet, it is trading at a discount.\n\nPonyWang/E+ via Getty Images\nNIO Inc. (NYSE:NIO) stands out for its strong market position- #1 market share in electric SUV in China- and innovation in the rapidly growing and highly competitive electric vehicle industry. This article will discuss why NIO is winning against some stiff competition, including against Tesla (TSLA).\nIn addition, we will discuss NIO's business, financials, trading, valuation, and risks so readers could reach their own informed decision.\nBusiness: Why NIO Wins\nNIO positions itself in the premium SUV segment, focusing on smart EVs with a differentiated battery strategy.\nDelivered in March 2019, the company's first model, the ES8, is a luxury 7-seater SUV that is still the company's flagship product today. The ES8 is equipped with ADAS and AI system [NOMI] and is comparable to the BYD Song, Tesla Model X, the Audi Q7 45 e-Tron, etc.\nSource: Company\nLeveraging the installed base and customer goodwill due to the highly successful ES8, NIO successfully launched the ES6 and EC6.Recently, the company launched the ET7, its first sedan.\nToday, NIO is the top-selling brand in China's all-electric SUV market in April with a 23% market share, higher than Tesla's 17%, WM Motor and XPeng Motors'(NYSE:XPEV)7%, according to China Automotive Technology and Research Center data.\nOne of the biggest competitive differentiators is NIO'sbattery strategy, which all but eliminates range anxiety, one of the biggest barriers to mass EV adoption. Not only could NIO cars be charged at any charging station for EVs, but the company also built hundreds of battery swapping stations in key cities in China, with plans to expanding to Europe.\nNIO's battery swapping strategy also gives the company the ability to offer a battery-as-a-service [BaaS] solution, which reduces the upfrontcostof purchasing an NIO vehicle by ~$11,000. Since cost is another major barrier to mass EV adoption, NIO's battery strategy appears brilliant as it solves both the range and cost problems.\nSource: Company\nAnother differentiator is the NIO brand, which management created brilliantly by introducing the EP9 in 2016. Six EP9s have been sold to NIO investors for 2.5 million pounds, creating an aura of exclusivity and quality around the brand. Next, NIO targeted the mass-market luxury SUV segment with the ES8, firmly establishing the company as a luxury car OEM.\nSource: Company\nChinese companies must struggle against the common perception that they make low-quality products. This is the same perception issue that Japanese companies faced following their defeat after WW2. Japan solved this problem by moving up the value chain as their economy matured and creating high-quality brands such as Sony(NYSE:SONY). Today, Japan is known for its craftsmanship.\nChina is following the same trajectory, and NIO is one of the emerging brands destroying the perception that \"made in China\" equates to poor quality. I strongly believe that investors who stubbornly hold on to that old perception will miss out on investing in some of the greatest brands the world will ever see.\nBuying an NIO car means much more than just getting a vehicle; it means getting into an exclusive club of services and convenience. Benefits include access to hundreds of swapping stations, lifetime free roadside rescue (including charge vans), lifetime free cellular connectivity, lifetime free warranty, and excellent customer service. This is a powerful selling point for NIO, differentiating it from Tesla, which hasrecentlydeveloped a poor reputation on the customer service front in China.\nSource: Company\nThe company is pushing the envelope even further with NIO House, a literal clubhouse for customers, and NIO Life, which includes NIO branded lifestyle products. NIO's effort to build a lifestyle around its cars seems to be working. This is good news for investors because the only way to escape the competitive battlefield of automobile OEM is to sell services and lifestyles to customers. This is why Ferrari's (RACE) operating margin is well over 20%, while Ford (F) and General Motors (GM) are in the single digits.\nFinancials & Valuation\nNIO is in hyper-growth mode. In 2020, the company generated $2.5 billion in revenue, up 126% y/y. In 2021, the company is expected to grow 117% y/y to $5.4 billion.\nThe company is not yet profitable but is expected to be by 2022. Gross margin only turned positive in 2020 and is expected to be 19.3% in 2021. EBITDA is expected to be negative $258 million in 2021 and a positive $206 million in 2022. Free cash flow is expected to be negative $42 million in 2021 before turning to a positive $354 million in 2022.\nHowever, despite the cash burn expected in 2021, investors should feel at ease since the company exited 2020 with $5.9 billion of cash and cash equivalents. Including $600 million in short-term investments and subtracting ~$2.1 billion in debt and operating leases and the expected negative free cash flow in 2021, NIO should exit 2021 with over $4 billion in net cash and investments. That is plenty of buffers since NIO is expected to generate positive free cash flow in 2022.\nSince NIO is not yet profitable, we will look at the forward EV/Sales multiple as is typical for hyper-growth companies not yet generating a profit. The company went public in September 2018, trading at around 7 to 8 times EV/Sales, before bottoming out at around 0.7 times sales in May 2019. The market, however, caught the EV fever in April 2020 and sent NIO's valuation soaring to a peak of 14.6x by January 2021. After the growth sell-off we recently experienced, NIO is currently sitting at a much more reasonable 8 times forward sales. This is a significant discount to TSLA's 10.2 times forward EV/Sales despite growing twice as fast (TSLA is expected to grow revenues by 57% in 2021 compared to NIO's 117%).\nRisks\nThere are many risks associated with owning NIO.\nAlthough its battery swapping strategy is highly differentiated and seems to be growing rapidly, the jury is still out on the ultimate market share of battery swapping or fast-charging infrastructure. If fast charging technology continues to advance significantly, it will likely erode a key advantage of battery swapping: speed.\nNIO's business model is innovative and new. Unfortunately, the flip side of that is that it is untested, and NIO remains unprofitable. For many investors, NIO will remain a \"show me\" story until the profitability of its business model improves.\nNIO's ability to expand globally may be limited by the rising geopolitical tension between China and the US, and to a lesser extent, with Japan and Europe. The geopolitical situation remains highly opaque and uncertain, and is a risk factor for all auto OEMs.\nAuto OEMs are currently facing a severe chip shortage. In addition, the chip density in automobiles is increasing, making the OEMs increasingly reliant on semiconductor suppliers and foundries.\nNIO's competitive advantages may not overcome the massive scale advantage of ICE OEMs and much bigger EV players like Tesla and China's BYD.\nTakeaway\nNIO's technical and business model innovations make it a highly differentiated company in the exciting and rapidly growing EV market. The company is winning, and its competitive moat is getting bigger as its ecosystem of vehicles and services grows. Relative to the industry leader, Tesla, NIO's stock price seems like a bargain given its faster growth rate and lower multiples.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":140541295,"gmtCreate":1625667140717,"gmtModify":1631883715380,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>still need to work harder","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>still need to work harder","text":"$Unity Software Inc.(U)$still need to work harder","images":[{"img":"https://static.tigerbbs.com/e37c5439ef8422a1eb0328aa5cb581fd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/140541295","isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156727052,"gmtCreate":1625237860476,"gmtModify":1631890388424,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>nice","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>nice","text":"$AMD(AMD)$nice","images":[{"img":"https://static.tigerbbs.com/5026728b2f2180bcf21f86e7df94018d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/156727052","isVote":1,"tweetType":1,"viewCount":693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":158144039,"gmtCreate":1625140590721,"gmtModify":1631890388425,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/158144039","repostId":"2148840332","repostType":2,"repost":{"id":"2148840332","kind":"news","pubTimestamp":1625081026,"share":"https://www.laohu8.com/m/news/2148840332?lang=zh_CN&edition=full","pubTime":"2021-07-01 03:23","market":"us","language":"zh","title":"Original BARK Company盘中异动 下午盘股价大涨5.16%报11.18美元","url":"https://stock-news.laohu8.com/highlight/detail?id=2148840332","media":"自选股智能写手","summary":"北京时间2021年07月01日03时23分，Original BARK Company股票出现异动，股价大幅拉升5.16%。截至发稿，该股报11.18美元/股，成交量268.263万股，换手率1.61%，振幅8.47%。Original BARK Company股票所在的零售行业中，整体涨幅为0.14%。Original BARK Company公司简介：The Original BARK Co 是一家以狗为中心的公司，致力于让狗满意的最好的产品，服务和内容。","content":"<html><body><article><p>北京时间2021年07月01日03时23分，Original BARK Company（BARK.us）股票出现异动，股价大幅<span>拉升</span>5.16%。截至发稿，该股报11.18美元/股，成交量268.263万股，<span>换手率</span>1.61%，振幅8.47%。</p><p>最近的财报数据显示，该股实现<span>营业收入</span>0.00美元，<span>净利润</span>-29.64百万美元，<span>每股收益</span>-0.93美元，<span>毛利</span>0.00美元，市盈率倍。</p><p>机构评级方面，在所有3家参与评级的机构中，100%的券商给予买入建议，无券商给予持有、卖出建议。</p><p>Original BARK Company股票所在的零售行业中，整体涨幅为0.14%。其相关个股中，<a href=\"https://laohu8.com/S/LEDMV\">Lands End Inc</a>、<a href=\"https://laohu8.com/S/BBBY\">3B家居</a>、<a href=\"https://laohu8.com/S/BWMX\">Betterware</a> De Mexico S A B De涨幅较大，3B家居、CTI工业、Barnes &amp; Noble Education Inc较为活跃，换手率分别为45.50%、19.14%、4.55%，振幅较大的相关个股有3B家居、Barnes &amp; Noble Education Inc、<a href=\"https://laohu8.com/S/LE\">Lands End Inc</a>，振幅分别为29.09%、21.11%、19.17%。</p><p>Original BARK Company公司简介：The Original BARK Co 是一家以狗为中心的公司，致力于让狗满意的最好的产品，服务和内容。它为全国的狗提供每月订阅服务，巴克和超级咀嚼器；有BarkShop.com电子商务经验；通过其零售合作伙伴网络（包括Target和<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>）定制收藏；健康产品，满足您的狗的需求与树皮明亮；为狗狗提供个性化的送餐服务。</p><p>（以上内容为自选股<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>机器写手Money Call完成，仅作为用户看盘参考，不作为交易依据。）</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>Original BARK Company盘中异动 下午盘股价大涨5.16%报11.18美元</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{ 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}\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\">\nOriginal BARK Company盘中异动 下午盘股价大涨5.16%报11.18美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 03:23 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107010323467b609c57&s=b><strong>自选股智能写手</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>北京时间2021年07月01日03时23分，Original BARK Company（BARK.us）股票出现异动，股价大幅拉升5.16%。截至发稿，该股报11.18美元/股，成交量268.263万股，换手率1.61%，振幅8.47%。最近的财报数据显示，该股实现营业收入0.00美元，净利润-29.64百万美元，每股收益-0.93美元，毛利0.00美元，市盈率倍。机构评级方面，在所有3家参与评级...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107010323467b609c57&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6696a7804fc125e32c38f848d97c02f7","relate_stocks":{"ARKK":"ARK Innovation ETF","BARK":"The Original Bark Corp."},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107010323467b609c57&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2148840332","content_text":"北京时间2021年07月01日03时23分，Original BARK Company（BARK.us）股票出现异动，股价大幅拉升5.16%。截至发稿，该股报11.18美元/股，成交量268.263万股，换手率1.61%，振幅8.47%。最近的财报数据显示，该股实现营业收入0.00美元，净利润-29.64百万美元，每股收益-0.93美元，毛利0.00美元，市盈率倍。机构评级方面，在所有3家参与评级的机构中，100%的券商给予买入建议，无券商给予持有、卖出建议。Original BARK Company股票所在的零售行业中，整体涨幅为0.14%。其相关个股中，Lands End Inc、3B家居、Betterware De Mexico S A B De涨幅较大，3B家居、CTI工业、Barnes & Noble Education Inc较为活跃，换手率分别为45.50%、19.14%、4.55%，振幅较大的相关个股有3B家居、Barnes & Noble Education Inc、Lands End Inc，振幅分别为29.09%、21.11%、19.17%。Original BARK Company公司简介：The Original BARK Co 是一家以狗为中心的公司，致力于让狗满意的最好的产品，服务和内容。它为全国的狗提供每月订阅服务，巴克和超级咀嚼器；有BarkShop.com电子商务经验；通过其零售合作伙伴网络（包括Target和亚马逊）定制收藏；健康产品，满足您的狗的需求与树皮明亮；为狗狗提供个性化的送餐服务。（以上内容为自选股智能机器写手Money Call完成，仅作为用户看盘参考，不作为交易依据。）","news_type":1,"symbols_score_info":{"BARK":0.9,"ARKK":1}},"isVote":1,"tweetType":1,"viewCount":735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151243966,"gmtCreate":1625096353155,"gmtModify":1631890388427,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Good news for AMD","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Good news for AMD","text":"$AMD(AMD)$Good news for AMD","images":[{"img":"https://static.tigerbbs.com/eb254341102dc3c377688544d06074a3","width":"1080","height":"1284"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/151243966","isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153273953,"gmtCreate":1625030240572,"gmtModify":1631884412425,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DOYU\">$DouYu(DOYU)$</a>still need to work harder","listText":"<a href=\"https://laohu8.com/S/DOYU\">$DouYu(DOYU)$</a>still need to work harder","text":"$DouYu(DOYU)$still need to work harder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/153273953","repostId":"2147862138","repostType":2,"repost":{"id":"2147862138","kind":"news","pubTimestamp":1624988028,"share":"https://www.laohu8.com/m/news/2147862138?lang=zh_CN&edition=full","pubTime":"2021-06-30 01:33","market":"us","language":"zh","title":"斗鱼盘中异动 股价大涨5.08%","url":"https://stock-news.laohu8.com/highlight/detail?id=2147862138","media":"自选股智能写手","summary":"北京时间2021年06月30日01时33分，斗鱼股票出现异动，股价快速上涨5.08%。截至发稿，该股报7.24美元/股，成交量423.316万股，换手率1.30%，振幅8.04%。斗鱼股票所在的互联网信息服务行业中，整体跌幅为0.56%。其相关个股中，知乎、Grom Social Enterprises Inc、Liberty Tripadvisor Hldgs Inc涨幅较大，Grom Social Enterprises Inc、魔线、Creatd Inc较为活跃，换手率分别为25.24%、9.75%、7.61%，振幅较大的相关个股有Grom Social Enterprises Inc、知乎、Creatd Inc，振幅分别为22.67%、15.80%、14.79%。","content":"<html><body><article><p>北京时间2021年06月30日01时33分，<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>（DOYU.us）股票出现异动，股价快速上涨5.08%。截至发稿，该股报7.24美元/股，成交量423.316万股，<span>换手率</span>1.30%，振幅8.04%。</p><p>最近的财报数据显示，该股实现<span>营业收入</span>3.32亿美元，<span>净利润</span>-9.57百万美元，<span>每股收益</span>-0.30美元，<span>毛利</span>40.16百万美元，市盈率94.88倍。</p><p>机构评级方面，在所有7家参与评级的机构中，29%的券商给予买入建议，71%的券商给予持有建议，无券商给予卖出建议。</p><p>斗鱼股票所在的互联网<a href=\"https://laohu8.com/S/III\">信息服务</a>行业中，整体跌幅为0.56%。其相关个股中，<a href=\"https://laohu8.com/S/ZH\">知乎</a>、Grom Social Enterprises Inc、<a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a> Tripadvisor Hldgs Inc涨幅较大，Grom Social Enterprises Inc、<a href=\"https://laohu8.com/S/MOXC\">魔线</a>、<a href=\"https://laohu8.com/S/CRTD\">Creatd Inc</a>较为活跃，换手率分别为25.24%、9.75%、7.61%，振幅较大的相关个股有Grom Social Enterprises Inc、知乎、Creatd Inc，振幅分别为22.67%、15.80%、14.79%。</p><p>斗鱼公司简介：斗鱼网络科技有限公司是中国以游戏为中心的直播平台。 该公司在PC和移动应用程序上都运行其平台，用户可以通过该平台享受沉浸式和互动游戏以及娱乐直播流。 它通过直播和广告产生收入。</p><p>（以上内容为自选股<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>机器写手Money Call完成，仅作为用户看盘参考，不作为交易依据。）</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>斗鱼盘中异动 股价大涨5.08%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n斗鱼盘中异动 股价大涨5.08%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 01:33 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202106300133487b765c80&s=b><strong>自选股智能写手</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>北京时间2021年06月30日01时33分，斗鱼（DOYU.us）股票出现异动，股价快速上涨5.08%。截至发稿，该股报7.24美元/股，成交量423.316万股，换手率1.30%，振幅8.04%。最近的财报数据显示，该股实现营业收入3.32亿美元，净利润-9.57百万美元，每股收益-0.30美元，毛利40.16百万美元，市盈率94.88倍。机构评级方面，在所有7家参与评级的机构中，29%的券商...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202106300133487b765c80&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6af724efafb5788a889a167ca9c1dc5c","relate_stocks":{"DOYU":"斗鱼"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202106300133487b765c80&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2147862138","content_text":"北京时间2021年06月30日01时33分，斗鱼（DOYU.us）股票出现异动，股价快速上涨5.08%。截至发稿，该股报7.24美元/股，成交量423.316万股，换手率1.30%，振幅8.04%。最近的财报数据显示，该股实现营业收入3.32亿美元，净利润-9.57百万美元，每股收益-0.30美元，毛利40.16百万美元，市盈率94.88倍。机构评级方面，在所有7家参与评级的机构中，29%的券商给予买入建议，71%的券商给予持有建议，无券商给予卖出建议。斗鱼股票所在的互联网信息服务行业中，整体跌幅为0.56%。其相关个股中，知乎、Grom Social Enterprises Inc、Liberty Tripadvisor Hldgs Inc涨幅较大，Grom Social Enterprises Inc、魔线、Creatd Inc较为活跃，换手率分别为25.24%、9.75%、7.61%，振幅较大的相关个股有Grom Social Enterprises Inc、知乎、Creatd Inc，振幅分别为22.67%、15.80%、14.79%。斗鱼公司简介：斗鱼网络科技有限公司是中国以游戏为中心的直播平台。 该公司在PC和移动应用程序上都运行其平台，用户可以通过该平台享受沉浸式和互动游戏以及娱乐直播流。 它通过直播和广告产生收入。（以上内容为自选股智能机器写手Money Call完成，仅作为用户看盘参考，不作为交易依据。）","news_type":1,"symbols_score_info":{"DOYU":1}},"isVote":1,"tweetType":1,"viewCount":742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153240485,"gmtCreate":1625029640947,"gmtModify":1631890388431,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>keep it up,&nbsp;<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>keep it up,&nbsp;<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>","text":"$AMD(AMD)$keep it up, $AMD(AMD)$","images":[{"img":"https://static.tigerbbs.com/0bb44eec326dab6346a960d59ef6eb39","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/153240485","isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127218465,"gmtCreate":1624850600557,"gmtModify":1631890388433,"author":{"id":"3567299238758933","authorId":"3567299238758933","name":"KenChee","avatar":"https://static.tigerbbs.com/139c5e202d56fe4368b6197610a35998","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567299238758933","authorIdStr":"3567299238758933"},"themes":[],"htmlText":"HKSE","listText":"HKSE","text":"HKSE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127218465","repostId":"1174604007","repostType":4,"repost":{"id":"1174604007","kind":"news","pubTimestamp":1624843205,"share":"https://www.laohu8.com/m/news/1174604007?lang=zh_CN&edition=full","pubTime":"2021-06-28 09:20","market":"hk","language":"en","title":"Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174604007","media":"Marketwatch","summary":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm","content":"<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>","source":"market_watch","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>Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote></title>\n<style 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#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\">\nHong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-06-28 09:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1174604007","content_text":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.\nThe suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.\nIf the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.\nIf the alert remains at noon, all 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