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Andycgh

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2021-03-27

Comment & like pls!

Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>

2021-03-25

Like and comment pls

Some “meme” stocks rebound<blockquote>部分“模因”股反弹</blockquote>

2021-03-28

Comment and like pls

Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>

2021-03-26

Comment and like

RLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</blockquote>

2021-02-22

Red

抱歉，原内容已删除

2021-03-17

Omg

GameStop stock rose more than 10%<blockquote>游戏驿站股价涨超10%</blockquote>

2021-02-10

$Sundial Growers Inc.(SNDL)$to the moon!

2021-04-02

Comment & like pls

Li Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</blockquote>

2021-03-12

EV!

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2021-02-22

Red

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like pls","listText":"Comment &amp; like pls","text":"Comment & like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340951140","repostId":"1168930514","repostType":4,"repost":{"id":"1168930514","kind":"news","pubTimestamp":1617332876,"share":"https://www.laohu8.com/m/news/1168930514?lang=zh_CN&edition=full","pubTime":"2021-04-02 11:07","market":"us","language":"en","title":"Li Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168930514","media":"globenewswire","summary":"BEIJING, China, April 02, 2021  -- Li Auto Inc.  , an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to rob","content":"<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.</p><p><blockquote>中国北京，2021年4月2日（环球通讯社）——中国新能源汽车市场的创新者理想汽车公司（“理想汽车”或“公司”）（纳斯达克：LI）今天宣布，该公司2021年3月交付Li 4900辆，同比增长238.6%。这使得2021年第一季度的交付量达到12,579辆，同比增长334.4%。</blockquote></p><p>As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.</p><p><blockquote>截至2021年3月31日，公司在49个城市拥有65家零售店，在98个城市运营135家服务中心以及理想汽车授权的车身和喷漆店。为了应对Li One的强劲需求以及2022年及以后推出新车型的预期，理想汽车计划进一步加强其直销和服务网络。</blockquote></p><p><b>About Li Auto Inc.</b></p><p><blockquote><b>关于理想汽车公司。</b></blockquote></p><p>Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.</p><p><blockquote>理想汽车公司是中国新能源汽车市场的创新者。该公司设计、开发、制造和销售高端智能电动汽车。公司通过产品、技术、商业模式的创新，为家庭提供安全、便捷、精细化的产品和服务。理想汽车是国内成功实现增程式电动汽车商业化的先行者。其首款车型理想ONE是一款六座大型高级电动SUV，配备增程系统和前沿智能车载解决方案。该公司于2019年11月开始量产理想ONE，截至2020年12月31日已交付超过33,500辆理想ONE。该公司利用技术为用户创造价值。它将内部开发工作集中在其专有的增程系统、下一代电动汽车技术和智能汽车解决方案上。除了Li ONE之外，该公司还旨在通过开发新车（包括纯电动汽车和电动汽车）来扩大其产品线，以瞄准更广泛的消费者群体。</blockquote></p><p>For more information, please visit:<i>http://ir.lixiang.com</i>.</p><p><blockquote>欲了解更多信息，请访问：<i>http://ir.lixiang.com</i>.</blockquote></p><p></p>","source":"lsy1573717531661","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>Li Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</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\">\nLi Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">globenewswire</strong><span class=\"h-time small\">2021-04-02 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.</p><p><blockquote>中国北京，2021年4月2日（环球通讯社）——中国新能源汽车市场的创新者理想汽车公司（“理想汽车”或“公司”）（纳斯达克：LI）今天宣布，该公司2021年3月交付Li 4900辆，同比增长238.6%。这使得2021年第一季度的交付量达到12,579辆，同比增长334.4%。</blockquote></p><p>As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.</p><p><blockquote>截至2021年3月31日，公司在49个城市拥有65家零售店，在98个城市运营135家服务中心以及理想汽车授权的车身和喷漆店。为了应对Li One的强劲需求以及2022年及以后推出新车型的预期，理想汽车计划进一步加强其直销和服务网络。</blockquote></p><p><b>About Li Auto Inc.</b></p><p><blockquote><b>关于理想汽车公司。</b></blockquote></p><p>Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.</p><p><blockquote>理想汽车公司是中国新能源汽车市场的创新者。该公司设计、开发、制造和销售高端智能电动汽车。公司通过产品、技术、商业模式的创新，为家庭提供安全、便捷、精细化的产品和服务。理想汽车是国内成功实现增程式电动汽车商业化的先行者。其首款车型理想ONE是一款六座大型高级电动SUV，配备增程系统和前沿智能车载解决方案。该公司于2019年11月开始量产理想ONE，截至2020年12月31日已交付超过33,500辆理想ONE。该公司利用技术为用户创造价值。它将内部开发工作集中在其专有的增程系统、下一代电动汽车技术和智能汽车解决方案上。除了Li ONE之外，该公司还旨在通过开发新车（包括纯电动汽车和电动汽车）来扩大其产品线，以瞄准更广泛的消费者群体。</blockquote></p><p>For more information, please visit:<i>http://ir.lixiang.com</i>.</p><p><blockquote>欲了解更多信息，请访问：<i>http://ir.lixiang.com</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html\">globenewswire</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":{"LI":"理想汽车"},"source_url":"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168930514","content_text":"BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.About Li Auto Inc.Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.For more information, please visit:http://ir.lixiang.com.","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355707368,"gmtCreate":1617102108254,"gmtModify":1634522660088,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Like pls!","listText":"Like pls!","text":"Like pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355707368","repostId":"1154792664","repostType":4,"repost":{"id":"1154792664","kind":"news","pubTimestamp":1617101926,"share":"https://www.laohu8.com/m/news/1154792664?lang=zh_CN&edition=full","pubTime":"2021-03-30 18:58","market":"us","language":"en","title":"Cathie Wood Bought 3 High-Growth Tech Stocks That Could Be the Next 10-Baggers<blockquote>Cathie Wood购买了3只高增长科技股，它们可能成为下一个10大热门</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154792664","media":"Motley Fool","summary":"Multibaggers, or stocks that have soared many times past their original investment price, are someth","content":"<p>Multibaggers, or stocks that have soared many times past their original investment price, are something of a holy grail among investors. The rarest of them is the vaunted 10-bagger -- a stock that has increased tenfold from its original cost basis. Stocks with this type ofexplosive growth potentialare elusive.</p><p><blockquote>多重股，即飙升至原始投资价格以上数倍的股票，是投资者的圣杯。其中最罕见的是引以为豪的10袋股票——该股票的成本基础比原始成本基础增加了十倍。具有这种爆炸性增长潜力的股票很难找到。</blockquote></p><p>If there's one investor with a knack for finding disruptive stocks that could grow many times their original investment, it's Cathie Wood. The founder and CEO of ARK Investment Management proved her mettle when her five flagshipexchange-traded funds(ETFs) each grew by more than 100% last year, beating the broader markets by a country mile.</p><p><blockquote>如果有一位投资者有能力找到颠覆性股票，这些股票的涨幅可能是其原始投资的许多倍，那就是凯西·伍德(Cathie Wood)。ARK Investment Management的创始人兼首席执行官证明了她的勇气，她的五只旗舰交易所交易基金(ETF)去年均增长了100%以上，远远跑赢了大盘。</blockquote></p><p>In recent weeks, Wall Street has temporarilysoured on high-growth equities, pushing the tech-heavy<b>Nasdaq</b>into correction territory. That hasn't stopped Wood from picking up technology stocks that could deliver game-changing results and eventually find themselves in the exclusive 10-bagger club.</p><p><blockquote>最近几周，华尔街暂时看好高增长股票，推高了科技股<b>纳斯达克</b>进入矫正领域。这并没有阻止伍德买入可能带来改变游戏规则结果的科技股，并最终发现自己进入了独家10袋俱乐部。</blockquote></p><p><b>Schrodinger: Providing a speedier path to new drug discovery</b></p><p><blockquote><b>薛定谔：为新药发现提供更快的途径</b></blockquote></p><p>Unless you work in the biopharmaceutical industry, you've probably never heard of<b>Schrodinger</b>(NASDAQ:SDGR). The company provides a platform that helps biopharmaceutical companies discover new treatments more quickly than traditional methods. The company'ssoftware-as-a-serviceplatform, which incorporates physics, data analytics, predictive analysis, and artificial intelligence, performs state-of-the-art simulations that lead to quicker and cheaper drug development and the discovery of novel treatment options.</p><p><blockquote>除非您在生物制药行业工作，否则您可能从未听说过<b>薛定谔</b>（纳斯达克：SDGR）。该公司提供了一个平台，帮助生物制药公司比传统方法更快地发现新的治疗方法。该公司的软件即服务平台融合了物理学、数据分析、预测分析和人工智能，可执行最先进的模拟，从而更快、更便宜地开发药物并发现新的治疗方案。</blockquote></p><p>Backed by Bill Gates, Schrodinger went public early last year, and the small company has had an impressive start. In 2020, revenue grew 26% year over year, driven by software revenue that increased 39%. Gross profit grew 29%, which helps illustrate the scalability of the company's model, though it's currently still unprofitable.</p><p><blockquote>在比尔·盖茨的支持下，薛定谔去年初上市，这家小公司的开局令人印象深刻。2020年，在软件收入增长39%的推动下，收入同比增长26%。毛利润增长了29%，这有助于说明该公司模式的可扩展性，尽管目前仍未盈利。</blockquote></p><p>Its customer metrics are equally impressive. Last year, the number of customers with $1,000 in annual contract value (ACV) grew 16%, while those with ACV of $100,000 grew at 17%. More importantly, however, is that large customers with ACV of more than $1 million grew by 60%, and customer retention clocked in a 99%. If these trends continue, the company has a bright future.</p><p><blockquote>它的客户指标同样令人印象深刻。去年，年度合同价值(ACV)为1,000美元的客户数量增长了16%，而ACV为100,000美元的客户数量增长了17%。然而，更重要的是，ACV超过100万美元的大客户增长了60%，客户保留率达到99%。如果这些趋势持续下去，该公司将拥有光明的未来。</blockquote></p><p>Wood has been consistently adding to the<b>ARK Genomic Revolution</b>(NYSEMKT:ARKG)ETF's position in Schrodinger. With last week's purchases, the company has become a Top 20 position, representing nearly 2% of the $7.67 billion&nbsp;in assets under management.</p><p><blockquote>木材一直在不断增加<b>方舟基因组革命</b>(NYSEMKT：ARKG)ETF在Schrodinger的头寸。通过上周的收购，该公司已跻身前20名，占管理资产76.7亿美元的近2%。</blockquote></p><p>Schrodinger is sitting in the catbird seat, at the heart of the digital transformation of drug discovery, and with a market cap of just $5 billion, it's easy to envision a path where Schrödinger could grow tenfold.</p><p><blockquote>薛定谔坐在猫鸟的座位上，处于药物发现数字化转型的核心，市值仅为50亿美元，很容易想象薛定谔可以增长十倍的道路。</blockquote></p><p><b>Opendoor Technologies: Embracing the changing face of real estate</b></p><p><blockquote><b>Opendoor Technologies：拥抱房地产的变化</b></blockquote></p><p>The real estate industry is also in the midst of a paradigm shift, as it embraces a digital transformation. For example,<b>Opendoor Technologies</b>(NASDAQ:OPEN)developed an app-based platform that makes buying and selling a home a cinch. Homeowners can sell their property directly to Opendoor, which will then renovate and sell the home at a profit, or they can choose to sell to other buyers, all for a flat fee of 5% of the home's value. By eliminating the need for the traditional real estate agent, the company is carving out a growing and profitable niche for itself. Opendoor drew the attention of special-purpose acquisition company pioneer Chamath Palihapitiya's Social Capital Hedosophia Holdings, which brought Opendoor public late last year.</p><p><blockquote>房地产行业也正处于范式转变之中，因为它正在拥抱数字化转型。例如，<b>开门技术</b>（纳斯达克：OPEN）开发了一个基于应用程序的平台，让买卖房屋变得轻而易举。房主可以将他们的房产直接出售给Opendoor，然后Opendoor将翻新并出售房屋以获取利润，或者他们可以选择出售给其他买家，所有这些都收取房屋价值5%的固定费用。通过消除对传统房地产经纪人的需求，该公司正在为自己开辟一个不断增长且有利可图的利基市场。Opendoor引起了特殊目的收购公司先锋Chamath Palihapitiya的社会资本Hedosophia Holdings的注意，该公司于去年年底将Opendoor上市。</blockquote></p><p>Like many real estate companies, Opendoor was initially hit by the pandemic, but it's staging a comeback. While revenue slipped 46% year over year, the company's gross profit margin grew to 8.5% of sales, up from 6.4%. The pandemic-driven housing boom should help Opendoor further scale its business. The company was still unprofitable in 2020, but it cut its net loss by 15%.</p><p><blockquote>与许多房地产公司一样，Opendoor最初受到了疫情的打击，但它正在卷土重来。尽管收入同比下滑46%，但该公司的毛利率占销售额的比例从6.4%增至8.5%。大流行推动的房地产繁荣应该有助于Opendoor进一步扩大业务规模。该公司2020年仍未盈利，但净亏损减少了15%。</blockquote></p><p><b>ARK Next Generation Internet</b>(NYSEMKT:ARKW)ETF and<b>ARK Fintech Innovation</b>(NYSEMKT:ARKF)both scooped up shares of Opendoor last week. The company is a significant holding for both funds, representing 2.32% and 2.83%, respectively, of the funds' holdings. The digital revolution is still in the early stages in the real estate industry, and with a market cap of just $13 billion, Opendoor could eventually be a 10-bagger from here.</p><p><blockquote><b>方舟下一代互联网</b>(NYSEMKT：ARKW)ETF和<b>方舟金融科技创新</b>(NYSEMKT：ARKF)上周均买入了Opendoor的股票。该公司是两只基金的重要持股，分别占基金持股的2.32%和2.83%。房地产行业的数字革命仍处于早期阶段，Opendoor的市值仅为130亿美元，最终可能会成为10倍。</blockquote></p><p><b>Skillz: A mobile gaming powerhouse</b></p><p><blockquote><b>Skillz：移动游戏巨头</b></blockquote></p><p><b>Skillz</b>(NYSE:SKLZ)is a relative newcomer to the gaming industry, but it has carved out a growing niche for itself in the area of mobile gaming and esports. The company's platform can turn virtually any mobile game into a competition, where players can accumulate points or compete for cash and prizes. Mobile games have found a large and growing audience over the past year, helping fuel Skillz's popularity.</p><p><blockquote><b>斯基尔茨</b>（纽约证券交易所股票代码：SKLZ）相对来说是游戏行业的新人，但它已经在移动游戏和电子竞技领域为自己开辟了一个不断增长的利基市场。该公司的平台几乎可以将任何手机游戏变成一场比赛，玩家可以积累积分或争夺现金和奖品。在过去的一年里，手机游戏已经找到了大量且不断增长的观众，这有助于推动Skillz的受欢迎程度。</blockquote></p><p></p><p>For the year ended Dec. 31, revenue grew 92% year over year, while gross profit increased by 91%. The company's net loss worsened by 408%, as Skillz races to add new users. The company has determined that the lifetime value of new members far outstrips the cost of adding them now. This will no doubt increase the leverage of its platform, helping multiply future profits. The strategy is working as new players are flocking to the platform. The number of monthly active users grew 121%, although the average revenue per paying monthly active user slipped by about 12%.</p><p><blockquote>截至12月31日的年度，收入同比增长92%，毛利润增长91%。由于Skillz竞相增加新用户，该公司的净亏损恶化了408%。该公司已经确定，新成员的终身价值远远超过现在增加他们的成本。这无疑将增加其平台的杠杆作用，有助于增加未来的利润。随着新玩家涌向该平台，该策略正在发挥作用。尽管每个付费月活跃用户的平均收入下降了约12%，但月活跃用户数量增长了121%。</blockquote></p><p>Mobile gaming is the fastest-growing segment of the gaming industry. It's already a $68 billion business, and the market is expected to climb to $150 billion by 2025. Wood is no doubt keenly aware of the growing market opportunity, as Skillz is a Top 20 holding of the ARK Next Generation Internet ETF, at 1.75% of the $5.27 billion in funds under management. With Skillz's market cap of just $7 billion, it isn't hard to foresee a path for the stock to increase by 10 times its current value.</p><p><blockquote>移动游戏是游戏行业中增长最快的部分。这已经是一项价值680亿美元的业务，预计到2025年市场将攀升至1500亿美元。伍德无疑敏锐地意识到了不断增长的市场机会，因为Skillz是ARK下一代互联网ETF的前20大持股，占管理的52.7亿美元基金的1.75%。由于Skillz的市值仅为70亿美元，不难预见该股将上涨10倍于当前价值的路径。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a6757c78c75e17af9f7503156bd95297\" tg-width=\"729\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>The fine print</b></p><p><blockquote><b>小字</b></blockquote></p><p>For any of these stocks to become 10-baggers, a lot will have to go right, and plenty could still go wrong to trip them up. Simply put, these nascent businesses have a lot to prove if they want to make the grade over the long term. That said, and given the potential for outsize gains, it isn't surprising that Cathie Wood is increasing ARK's exposure to thesenascent companies. As the preceding chart illustrates, they've also become caught up in the broader sell-off that has plagued tech stocks since early February, making them relative bargains by comparison.</p><p><blockquote>对于这些股票中的任何一只来说，要成为10袋股，很多都必须是正确的，而很多股票仍然可能出现错误，从而使它们陷入困境。简而言之，如果这些新兴企业想要长期取得成功，它们需要证明很多东西。也就是说，考虑到巨大收益的潜力，Cathie Wood增加ARK对这些新兴公司的投资也就不足为奇了。如上图所示，它们还陷入了自二月初以来困扰科技股的更广泛抛售，相比之下，它们相对便宜。</blockquote></p><p>It's also important to note that none of these companies is yet profitable, and while they're cheaper than they were, they still carry a frothy sticker price -- at least in terms of traditional valuation metrics. Schrodinger, Skillz, and Opendoor are selling for 36, 19, and 3 times sales, respectively -- when a good price-to-sales ratio for a stock is generally between 1 and 2.</p><p><blockquote>同样值得注意的是，这些公司都尚未盈利，虽然它们比以前便宜，但它们的标价仍然存在泡沫——至少就传统估值指标而言是这样。Schrodinger、Skillz和Opendoor的售价分别是销售额的36倍、19倍和3倍，而股票的良好市销率通常在1到2之间。</blockquote></p><p>However, investors have thus far been willing to pay up for the disruptive technology and the potential to achieve the 10-bagger status that each of these companies offers.</p><p><blockquote>然而，迄今为止，投资者愿意为这些公司提供的颠覆性技术和实现10家公司地位的潜力买单。</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>Cathie Wood Bought 3 High-Growth Tech Stocks That Could Be the Next 10-Baggers<blockquote>Cathie Wood购买了3只高增长科技股，它们可能成为下一个10大热门</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\">\nCathie Wood Bought 3 High-Growth Tech Stocks That Could Be the Next 10-Baggers<blockquote>Cathie Wood购买了3只高增长科技股，它们可能成为下一个10大热门</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-30 18:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Multibaggers, or stocks that have soared many times past their original investment price, are something of a holy grail among investors. The rarest of them is the vaunted 10-bagger -- a stock that has increased tenfold from its original cost basis. Stocks with this type ofexplosive growth potentialare elusive.</p><p><blockquote>多重股，即飙升至原始投资价格以上数倍的股票，是投资者的圣杯。其中最罕见的是引以为豪的10袋股票——该股票的成本基础比原始成本基础增加了十倍。具有这种爆炸性增长潜力的股票很难找到。</blockquote></p><p>If there's one investor with a knack for finding disruptive stocks that could grow many times their original investment, it's Cathie Wood. The founder and CEO of ARK Investment Management proved her mettle when her five flagshipexchange-traded funds(ETFs) each grew by more than 100% last year, beating the broader markets by a country mile.</p><p><blockquote>如果有一位投资者有能力找到颠覆性股票，这些股票的涨幅可能是其原始投资的许多倍，那就是凯西·伍德(Cathie Wood)。ARK Investment Management的创始人兼首席执行官证明了她的勇气，她的五只旗舰交易所交易基金(ETF)去年均增长了100%以上，远远跑赢了大盘。</blockquote></p><p>In recent weeks, Wall Street has temporarilysoured on high-growth equities, pushing the tech-heavy<b>Nasdaq</b>into correction territory. That hasn't stopped Wood from picking up technology stocks that could deliver game-changing results and eventually find themselves in the exclusive 10-bagger club.</p><p><blockquote>最近几周，华尔街暂时看好高增长股票，推高了科技股<b>纳斯达克</b>进入矫正领域。这并没有阻止伍德买入可能带来改变游戏规则结果的科技股，并最终发现自己进入了独家10袋俱乐部。</blockquote></p><p><b>Schrodinger: Providing a speedier path to new drug discovery</b></p><p><blockquote><b>薛定谔：为新药发现提供更快的途径</b></blockquote></p><p>Unless you work in the biopharmaceutical industry, you've probably never heard of<b>Schrodinger</b>(NASDAQ:SDGR). The company provides a platform that helps biopharmaceutical companies discover new treatments more quickly than traditional methods. The company'ssoftware-as-a-serviceplatform, which incorporates physics, data analytics, predictive analysis, and artificial intelligence, performs state-of-the-art simulations that lead to quicker and cheaper drug development and the discovery of novel treatment options.</p><p><blockquote>除非您在生物制药行业工作，否则您可能从未听说过<b>薛定谔</b>（纳斯达克：SDGR）。该公司提供了一个平台，帮助生物制药公司比传统方法更快地发现新的治疗方法。该公司的软件即服务平台融合了物理学、数据分析、预测分析和人工智能，可执行最先进的模拟，从而更快、更便宜地开发药物并发现新的治疗方案。</blockquote></p><p>Backed by Bill Gates, Schrodinger went public early last year, and the small company has had an impressive start. In 2020, revenue grew 26% year over year, driven by software revenue that increased 39%. Gross profit grew 29%, which helps illustrate the scalability of the company's model, though it's currently still unprofitable.</p><p><blockquote>在比尔·盖茨的支持下，薛定谔去年初上市，这家小公司的开局令人印象深刻。2020年，在软件收入增长39%的推动下，收入同比增长26%。毛利润增长了29%，这有助于说明该公司模式的可扩展性，尽管目前仍未盈利。</blockquote></p><p>Its customer metrics are equally impressive. Last year, the number of customers with $1,000 in annual contract value (ACV) grew 16%, while those with ACV of $100,000 grew at 17%. More importantly, however, is that large customers with ACV of more than $1 million grew by 60%, and customer retention clocked in a 99%. If these trends continue, the company has a bright future.</p><p><blockquote>它的客户指标同样令人印象深刻。去年，年度合同价值(ACV)为1,000美元的客户数量增长了16%，而ACV为100,000美元的客户数量增长了17%。然而，更重要的是，ACV超过100万美元的大客户增长了60%，客户保留率达到99%。如果这些趋势持续下去，该公司将拥有光明的未来。</blockquote></p><p>Wood has been consistently adding to the<b>ARK Genomic Revolution</b>(NYSEMKT:ARKG)ETF's position in Schrodinger. With last week's purchases, the company has become a Top 20 position, representing nearly 2% of the $7.67 billion&nbsp;in assets under management.</p><p><blockquote>木材一直在不断增加<b>方舟基因组革命</b>(NYSEMKT：ARKG)ETF在Schrodinger的头寸。通过上周的收购，该公司已跻身前20名，占管理资产76.7亿美元的近2%。</blockquote></p><p>Schrodinger is sitting in the catbird seat, at the heart of the digital transformation of drug discovery, and with a market cap of just $5 billion, it's easy to envision a path where Schrödinger could grow tenfold.</p><p><blockquote>薛定谔坐在猫鸟的座位上，处于药物发现数字化转型的核心，市值仅为50亿美元，很容易想象薛定谔可以增长十倍的道路。</blockquote></p><p><b>Opendoor Technologies: Embracing the changing face of real estate</b></p><p><blockquote><b>Opendoor Technologies：拥抱房地产的变化</b></blockquote></p><p>The real estate industry is also in the midst of a paradigm shift, as it embraces a digital transformation. For example,<b>Opendoor Technologies</b>(NASDAQ:OPEN)developed an app-based platform that makes buying and selling a home a cinch. Homeowners can sell their property directly to Opendoor, which will then renovate and sell the home at a profit, or they can choose to sell to other buyers, all for a flat fee of 5% of the home's value. By eliminating the need for the traditional real estate agent, the company is carving out a growing and profitable niche for itself. Opendoor drew the attention of special-purpose acquisition company pioneer Chamath Palihapitiya's Social Capital Hedosophia Holdings, which brought Opendoor public late last year.</p><p><blockquote>房地产行业也正处于范式转变之中，因为它正在拥抱数字化转型。例如，<b>开门技术</b>（纳斯达克：OPEN）开发了一个基于应用程序的平台，让买卖房屋变得轻而易举。房主可以将他们的房产直接出售给Opendoor，然后Opendoor将翻新并出售房屋以获取利润，或者他们可以选择出售给其他买家，所有这些都收取房屋价值5%的固定费用。通过消除对传统房地产经纪人的需求，该公司正在为自己开辟一个不断增长且有利可图的利基市场。Opendoor引起了特殊目的收购公司先锋Chamath Palihapitiya的社会资本Hedosophia Holdings的注意，该公司于去年年底将Opendoor上市。</blockquote></p><p>Like many real estate companies, Opendoor was initially hit by the pandemic, but it's staging a comeback. While revenue slipped 46% year over year, the company's gross profit margin grew to 8.5% of sales, up from 6.4%. The pandemic-driven housing boom should help Opendoor further scale its business. The company was still unprofitable in 2020, but it cut its net loss by 15%.</p><p><blockquote>与许多房地产公司一样，Opendoor最初受到了疫情的打击，但它正在卷土重来。尽管收入同比下滑46%，但该公司的毛利率占销售额的比例从6.4%增至8.5%。大流行推动的房地产繁荣应该有助于Opendoor进一步扩大业务规模。该公司2020年仍未盈利，但净亏损减少了15%。</blockquote></p><p><b>ARK Next Generation Internet</b>(NYSEMKT:ARKW)ETF and<b>ARK Fintech Innovation</b>(NYSEMKT:ARKF)both scooped up shares of Opendoor last week. The company is a significant holding for both funds, representing 2.32% and 2.83%, respectively, of the funds' holdings. The digital revolution is still in the early stages in the real estate industry, and with a market cap of just $13 billion, Opendoor could eventually be a 10-bagger from here.</p><p><blockquote><b>方舟下一代互联网</b>(NYSEMKT：ARKW)ETF和<b>方舟金融科技创新</b>(NYSEMKT：ARKF)上周均买入了Opendoor的股票。该公司是两只基金的重要持股，分别占基金持股的2.32%和2.83%。房地产行业的数字革命仍处于早期阶段，Opendoor的市值仅为130亿美元，最终可能会成为10倍。</blockquote></p><p><b>Skillz: A mobile gaming powerhouse</b></p><p><blockquote><b>Skillz：移动游戏巨头</b></blockquote></p><p><b>Skillz</b>(NYSE:SKLZ)is a relative newcomer to the gaming industry, but it has carved out a growing niche for itself in the area of mobile gaming and esports. The company's platform can turn virtually any mobile game into a competition, where players can accumulate points or compete for cash and prizes. Mobile games have found a large and growing audience over the past year, helping fuel Skillz's popularity.</p><p><blockquote><b>斯基尔茨</b>（纽约证券交易所股票代码：SKLZ）相对来说是游戏行业的新人，但它已经在移动游戏和电子竞技领域为自己开辟了一个不断增长的利基市场。该公司的平台几乎可以将任何手机游戏变成一场比赛，玩家可以积累积分或争夺现金和奖品。在过去的一年里，手机游戏已经找到了大量且不断增长的观众，这有助于推动Skillz的受欢迎程度。</blockquote></p><p></p><p>For the year ended Dec. 31, revenue grew 92% year over year, while gross profit increased by 91%. The company's net loss worsened by 408%, as Skillz races to add new users. The company has determined that the lifetime value of new members far outstrips the cost of adding them now. This will no doubt increase the leverage of its platform, helping multiply future profits. The strategy is working as new players are flocking to the platform. The number of monthly active users grew 121%, although the average revenue per paying monthly active user slipped by about 12%.</p><p><blockquote>截至12月31日的年度，收入同比增长92%，毛利润增长91%。由于Skillz竞相增加新用户，该公司的净亏损恶化了408%。该公司已经确定，新成员的终身价值远远超过现在增加他们的成本。这无疑将增加其平台的杠杆作用，有助于增加未来的利润。随着新玩家涌向该平台，该策略正在发挥作用。尽管每个付费月活跃用户的平均收入下降了约12%，但月活跃用户数量增长了121%。</blockquote></p><p>Mobile gaming is the fastest-growing segment of the gaming industry. It's already a $68 billion business, and the market is expected to climb to $150 billion by 2025. Wood is no doubt keenly aware of the growing market opportunity, as Skillz is a Top 20 holding of the ARK Next Generation Internet ETF, at 1.75% of the $5.27 billion in funds under management. With Skillz's market cap of just $7 billion, it isn't hard to foresee a path for the stock to increase by 10 times its current value.</p><p><blockquote>移动游戏是游戏行业中增长最快的部分。这已经是一项价值680亿美元的业务，预计到2025年市场将攀升至1500亿美元。伍德无疑敏锐地意识到了不断增长的市场机会，因为Skillz是ARK下一代互联网ETF的前20大持股，占管理的52.7亿美元基金的1.75%。由于Skillz的市值仅为70亿美元，不难预见该股将上涨10倍于当前价值的路径。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a6757c78c75e17af9f7503156bd95297\" tg-width=\"729\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>The fine print</b></p><p><blockquote><b>小字</b></blockquote></p><p>For any of these stocks to become 10-baggers, a lot will have to go right, and plenty could still go wrong to trip them up. Simply put, these nascent businesses have a lot to prove if they want to make the grade over the long term. That said, and given the potential for outsize gains, it isn't surprising that Cathie Wood is increasing ARK's exposure to thesenascent companies. As the preceding chart illustrates, they've also become caught up in the broader sell-off that has plagued tech stocks since early February, making them relative bargains by comparison.</p><p><blockquote>对于这些股票中的任何一只来说，要成为10袋股，很多都必须是正确的，而很多股票仍然可能出现错误，从而使它们陷入困境。简而言之，如果这些新兴企业想要长期取得成功，它们需要证明很多东西。也就是说，考虑到巨大收益的潜力，Cathie Wood增加ARK对这些新兴公司的投资也就不足为奇了。如上图所示，它们还陷入了自二月初以来困扰科技股的更广泛抛售，相比之下，它们相对便宜。</blockquote></p><p>It's also important to note that none of these companies is yet profitable, and while they're cheaper than they were, they still carry a frothy sticker price -- at least in terms of traditional valuation metrics. Schrodinger, Skillz, and Opendoor are selling for 36, 19, and 3 times sales, respectively -- when a good price-to-sales ratio for a stock is generally between 1 and 2.</p><p><blockquote>同样值得注意的是，这些公司都尚未盈利，虽然它们比以前便宜，但它们的标价仍然存在泡沫——至少就传统估值指标而言是这样。Schrodinger、Skillz和Opendoor的售价分别是销售额的36倍、19倍和3倍，而股票的良好市销率通常在1到2之间。</blockquote></p><p>However, investors have thus far been willing to pay up for the disruptive technology and the potential to achieve the 10-bagger status that each of these companies offers.</p><p><blockquote>然而，迄今为止，投资者愿意为这些公司提供的颠覆性技术和实现10家公司地位的潜力买单。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/30/cathie-wood-bought-3-high-growth-tech-stocks-that/\">Motley Fool</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":"https://static.tigerbbs.com/e9b7efcf2941c835778d2759c1d7a1b3","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/30/cathie-wood-bought-3-high-growth-tech-stocks-that/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154792664","content_text":"Multibaggers, or stocks that have soared many times past their original investment price, are something of a holy grail among investors. The rarest of them is the vaunted 10-bagger -- a stock that has increased tenfold from its original cost basis. Stocks with this type ofexplosive growth potentialare elusive.If there's one investor with a knack for finding disruptive stocks that could grow many times their original investment, it's Cathie Wood. The founder and CEO of ARK Investment Management proved her mettle when her five flagshipexchange-traded funds(ETFs) each grew by more than 100% last year, beating the broader markets by a country mile.In recent weeks, Wall Street has temporarilysoured on high-growth equities, pushing the tech-heavyNasdaqinto correction territory. That hasn't stopped Wood from picking up technology stocks that could deliver game-changing results and eventually find themselves in the exclusive 10-bagger club.Schrodinger: Providing a speedier path to new drug discoveryUnless you work in the biopharmaceutical industry, you've probably never heard ofSchrodinger(NASDAQ:SDGR). The company provides a platform that helps biopharmaceutical companies discover new treatments more quickly than traditional methods. The company'ssoftware-as-a-serviceplatform, which incorporates physics, data analytics, predictive analysis, and artificial intelligence, performs state-of-the-art simulations that lead to quicker and cheaper drug development and the discovery of novel treatment options.Backed by Bill Gates, Schrodinger went public early last year, and the small company has had an impressive start. In 2020, revenue grew 26% year over year, driven by software revenue that increased 39%. Gross profit grew 29%, which helps illustrate the scalability of the company's model, though it's currently still unprofitable.Its customer metrics are equally impressive. Last year, the number of customers with $1,000 in annual contract value (ACV) grew 16%, while those with ACV of $100,000 grew at 17%. More importantly, however, is that large customers with ACV of more than $1 million grew by 60%, and customer retention clocked in a 99%. If these trends continue, the company has a bright future.Wood has been consistently adding to theARK Genomic Revolution(NYSEMKT:ARKG)ETF's position in Schrodinger. With last week's purchases, the company has become a Top 20 position, representing nearly 2% of the $7.67 billion in assets under management.Schrodinger is sitting in the catbird seat, at the heart of the digital transformation of drug discovery, and with a market cap of just $5 billion, it's easy to envision a path where Schrödinger could grow tenfold.Opendoor Technologies: Embracing the changing face of real estateThe real estate industry is also in the midst of a paradigm shift, as it embraces a digital transformation. For example,Opendoor Technologies(NASDAQ:OPEN)developed an app-based platform that makes buying and selling a home a cinch. Homeowners can sell their property directly to Opendoor, which will then renovate and sell the home at a profit, or they can choose to sell to other buyers, all for a flat fee of 5% of the home's value. By eliminating the need for the traditional real estate agent, the company is carving out a growing and profitable niche for itself. Opendoor drew the attention of special-purpose acquisition company pioneer Chamath Palihapitiya's Social Capital Hedosophia Holdings, which brought Opendoor public late last year.Like many real estate companies, Opendoor was initially hit by the pandemic, but it's staging a comeback. While revenue slipped 46% year over year, the company's gross profit margin grew to 8.5% of sales, up from 6.4%. The pandemic-driven housing boom should help Opendoor further scale its business. The company was still unprofitable in 2020, but it cut its net loss by 15%.ARK Next Generation Internet(NYSEMKT:ARKW)ETF andARK Fintech Innovation(NYSEMKT:ARKF)both scooped up shares of Opendoor last week. The company is a significant holding for both funds, representing 2.32% and 2.83%, respectively, of the funds' holdings. The digital revolution is still in the early stages in the real estate industry, and with a market cap of just $13 billion, Opendoor could eventually be a 10-bagger from here.Skillz: A mobile gaming powerhouseSkillz(NYSE:SKLZ)is a relative newcomer to the gaming industry, but it has carved out a growing niche for itself in the area of mobile gaming and esports. The company's platform can turn virtually any mobile game into a competition, where players can accumulate points or compete for cash and prizes. Mobile games have found a large and growing audience over the past year, helping fuel Skillz's popularity.For the year ended Dec. 31, revenue grew 92% year over year, while gross profit increased by 91%. The company's net loss worsened by 408%, as Skillz races to add new users. The company has determined that the lifetime value of new members far outstrips the cost of adding them now. This will no doubt increase the leverage of its platform, helping multiply future profits. The strategy is working as new players are flocking to the platform. The number of monthly active users grew 121%, although the average revenue per paying monthly active user slipped by about 12%.Mobile gaming is the fastest-growing segment of the gaming industry. It's already a $68 billion business, and the market is expected to climb to $150 billion by 2025. Wood is no doubt keenly aware of the growing market opportunity, as Skillz is a Top 20 holding of the ARK Next Generation Internet ETF, at 1.75% of the $5.27 billion in funds under management. With Skillz's market cap of just $7 billion, it isn't hard to foresee a path for the stock to increase by 10 times its current value.The fine printFor any of these stocks to become 10-baggers, a lot will have to go right, and plenty could still go wrong to trip them up. Simply put, these nascent businesses have a lot to prove if they want to make the grade over the long term. That said, and given the potential for outsize gains, it isn't surprising that Cathie Wood is increasing ARK's exposure to thesenascent companies. As the preceding chart illustrates, they've also become caught up in the broader sell-off that has plagued tech stocks since early February, making them relative bargains by comparison.It's also important to note that none of these companies is yet profitable, and while they're cheaper than they were, they still carry a frothy sticker price -- at least in terms of traditional valuation metrics. Schrodinger, Skillz, and Opendoor are selling for 36, 19, and 3 times sales, respectively -- when a good price-to-sales ratio for a stock is generally between 1 and 2.However, investors have thus far been willing to pay up for the disruptive technology and the potential to achieve the 10-bagger status that each of these companies offers.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355960642,"gmtCreate":1617024705886,"gmtModify":1634523080818,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355960642","repostId":"1155390932","repostType":4,"isVote":1,"tweetType":1,"viewCount":2877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352108919,"gmtCreate":1616901679331,"gmtModify":1634523603591,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment and like pls","listText":"Comment and like pls","text":"Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352108919","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352024478,"gmtCreate":1616835738094,"gmtModify":1634523763626,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment &amp; like pls!","listText":"Comment &amp; like pls!","text":"Comment & like pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/352024478","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356351539,"gmtCreate":1616758832121,"gmtModify":1634524156035,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356351539","repostId":"2122473630","repostType":4,"repost":{"id":"2122473630","kind":"highlight","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":1616751900,"share":"https://www.laohu8.com/m/news/2122473630?lang=zh_CN&edition=full","pubTime":"2021-03-26 17:45","market":"us","language":"en","title":"RLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2122473630","media":"Tiger Newspress","summary":"BEIJING, March 26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYS","content":"<p>BEIJING, March&nbsp;26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.</p><p><blockquote>北京2021年3月26日电/美通社/--中国领先的品牌电子烟公司RLX科技公司（“RLX科技”或“公司”）（纽约证券交易所代码：RLX）今天公布了第四季度未经审计的财务业绩截至2020年12月31日的季度和财年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd48712f2965372dd71b1af347f0ab9c\" tg-width=\"828\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b><u>Fourth Quarter 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020年第四季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.</li><li><b>Gross margin</b>was 42.9%, compared to 39.1% in the third quarter of 2020.</li><li><b>Net loss</b>wasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>wasRMB419.3 million(US$64.3 million).</li></ul><table><tbody><tr><td>[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><ul><li><b>净收入</b>为16.185亿元人民币（2.480亿美元），较2020年第三季度的11.202亿元人民币增长44.5%。</li><li><b>毛利率</b>为42.9%，而2020年第三季度为39.1%。</li><li><b>净亏损</b>为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</li><li><b>非公认会计准则净利润[1]</b>为人民币4.193亿元（6430万美元）。</li></ul><table><tbody><tr><td>[1]非公认会计准则净（损失）/收入是一项非公认会计准则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020财年财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.</li><li><b>Gross margin</b>was 40.0% in fiscal year 2020, compared to 37.5% in the prior year.</li><li><b>Net loss</b>wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</li><li><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million).</li></ul>\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneering<i>Guardian Program,</i>introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of our<i>Sunflower System</i>, our&nbsp;technology-driven underage-access-prevention system. In addition, we continued to advance our<i>Golden Shield Program</i>in cooperation with the public, media and local authorities to combat sales of counterfeit products.\"</p><p><blockquote><ul><li><b>净收入</b>2020财年为人民币38.197亿元（5.854亿美元），较上年的人民币15.494亿元增长146.5%。</li><li><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</li><li><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</li><li><b>非公认会计准则净利润</b>为人民币8.01亿元（1.228亿美元）。</li></ul>“我们很高兴报告2020年第四季度的财务和运营业绩。在整个2020年，尽管面临COVID-19带来的挑战，我们的业务仍然保持弹性，我们的管理团队仍然专注于建立和加强悦刻作为值得信赖的品牌对于成年吸烟者来说，”RLX科技联合创始人、董事会主席兼首席执行官王英女士表示。“我们将继续坚持和实践我们的道德原则，包括通过我们的行业先锋促进防止未成年人使用我们的产品。”<i>守护者计划，</i>向行业介绍有效的年龄验证实践。第四季度亦见证了我们推出一周年<i>向日葵系统</i>，我们的技术驱动的未成年人访问预防系统。此外，我们持续推进<i>金盾计划</i>与公众、媒体和地方当局合作，打击假冒产品的销售。”</blockquote></p><p>\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment&nbsp;in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.</p><p><blockquote>“展望未来，我们计划进一步巩固我们的领导地位，努力继续投资于科学研究，增强我们的技术和产品开发，加强我们的分销和零售网络，增强我们的供应链和生产能力，并扩展我们的全球能力。这些战略举措旨在支持我们的长期增长，”王女士总结道。</blockquote></p><p><b><u>Closing of Initial Public Offering (\"IPO\")</u></b></p><p><blockquote><b><u>首次公开发售（“首次公开发售”）结束</u></b></blockquote></p><p>OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.</p><p><blockquote>2021年1月26日，公司完成了133,975,000股美国存托股份（“ADS”）的首次公开发行，每股代表一股A类普通股。于交割时已发行的美国存讬股数目包括根据包销商悉数行使超额配股权而发行的17,475,000股美国存讬股。以每股美国存托凭证12.00美元的公开发行价格计算，总发行规模为16.077亿美元。</blockquote></p><p><b><u>Fourth Quarter 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020年第四季度未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>从2020年第三季度的人民币11.202亿元增长44.5%至2020年第四季度的人民币16.185亿元（2.480亿美元）。该增加主要是由于向线下分销商销售的净收入增加，这主要归因于公司分销和零售网络的扩张。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 58.6% to&nbsp;RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第三季度的人民币4.375亿元增长58.6%至2020年第四季度的人民币6.941亿元（1.064亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.</p><p><blockquote><b>毛利率</b>2020年第四季度增至42.9%，而2020年第三季度为39.1%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0&nbsp;million in the third quarter of 2020.</p><p><blockquote><b>营业费用</b>2020年第四季度为8.526亿元人民币（1.307亿美元），较2020年第三季度的3.80亿元人民币增长124.4%。</blockquote></p><p><i>Selling expenses</i>increased by 127.0% to&nbsp;RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.</p><p><blockquote><i>销售费用</i>2020年第四季度的人民币1.967亿元，较2020年第三季度的人民币8,670万元增长127.0%至人民币1.967亿元（3,010万美元）。该增加主要由于(i)以股份为基础的薪酬开支增加及(ii)品牌材料开支增加所致。</blockquote></p><p></p><p><i>General and administrative expenses</i>&nbsp;increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.</p><p><blockquote><i>一般及行政开支</i>从2020年第三季度的人民币2.548亿元增长75.4%至2020年第四季度的人民币4.470亿元（6850万美元）。增加的主要原因是（i）以股份为基础的薪酬开支增加，及（ii）专业服务费增加。</blockquote></p><p><i>Research and development expenses</i>increased by 441.9% to&nbsp;RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.</p><p><blockquote><i>研发费用</i>从2020年第三季度的人民币3850万元增长441.9%至2020年第四季度的人民币2.089亿元（3200万美元）。这一增长主要是由于(i)以股份为基础的薪酬费用增加，以及(ii)软件和技术服务费用增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1&nbsp;million (US$100.6&nbsp;million) in the fourth quarter of 2020 andRMB238.2&nbsp;million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020年第四季度，在销售费用、一般和管理费用以及研发费用中确认的股权激励费用总计为人民币6.561亿元（1.006亿美元），2020年第三季度为人民币2.382亿元。该增加主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p><b>Loss from operations</b>&nbsp;wasRMB158.5&nbsp;million (US$24.3&nbsp;million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.</p><p><blockquote><b>经营亏损</b>2020年第四季度营业收入为人民币1.585亿元（2430万美元），而2020年第三季度营业收入为人民币5750万元。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB110.6&nbsp;million (US$17.0&nbsp;million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020年第四季度所得税费用为人民币1.106亿元（1700万美元），而2020年第三季度所得税费用为人民币7730万元，主要是由于应税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB236.7&nbsp;million (US$36.3&nbsp;million) in the fourth&nbsp;quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.</p><p><blockquote><b>净亏损</b>2020年第四季度净利润为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</blockquote></p><p><b>Non-GAAP&nbsp;net income</b>wasRMB419.3 million(US$64.3&nbsp;million) in the fourth&nbsp;quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020年第四季度为4.193亿元人民币（6430万美元）。</blockquote></p><p><b>Basic and diluted net loss per American depositary share (\"ADS\")</b>&nbsp;were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.</p><p><blockquote><b>每股美国存托股份（“美国存托股份”）基本及摊薄净亏损</b>2020年第四季度每股美国存托凭证的基本和摊薄净利润均为人民币0.165元（0.025美元），而2020年第三季度每股美国存托凭证的基本和摊薄净利润为人民币0.005元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS[2]</b>were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入[2]</b>2020年第四季度均为人民币0.292元（0.045美元），而2020年第三季度为人民币0.171元。</blockquote></p><p><table><tbody><tr><td>[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><table><tbody><tr><td>[2]非公认会计原则每股美国存托凭证基本和摊薄净（亏损）/收入是一项非公认会计原则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020财年未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 146.5% to&nbsp;RMB3,819.7&nbsp;million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4&nbsp;million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.</p><p><blockquote><b>净收入</b>2020财年的人民币38.197亿元（5.854亿美元）由上年的人民币15.494亿元增长146.5%至人民币38.197亿元（5.854亿美元）。该增长主要是由于向线下分销商销售的净收入增加所致。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 162.9% to&nbsp;RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.</p><p><blockquote><b>毛利</b>2020财年的人民币15.276亿元（2.341亿美元）由上年的人民币5.809亿元增长162.9%至人民币15.276亿元（2.341亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.</p><p><blockquote><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6&nbsp;million in the prior year.</p><p><blockquote><b>营业费用</b>2020财年为15.144亿元人民币（2.321亿美元），较上年的5.246亿元人民币增长188.7%。</blockquote></p><p><i>Selling expenses</i>increased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was&nbsp;primarilydue to (i)&nbsp;an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.</p><p><blockquote><i>销售费用</i>2020财年的收入从上年的3.594亿元人民币增长23.3%至4.432亿元人民币（6790万美元）。这一增长主要是由于（i）以股份为基础的薪酬费用增加，以及（ii）公司销售人员的工资和福利增加，但部分被公司关闭电商平台服务费用减少所抵消。2019年10月的公告，并停止与电商平台分销商的合作。</blockquote></p><p><i>General and administrative expenses</i>&nbsp;increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was&nbsp;primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.</p><p><blockquote><i>一般及行政开支</i>2020财年的收入从上年的人民币1.332亿元增长479.5%至人民币7.72亿元（1.183亿美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司一般和行政人员的工资和福利增加。</blockquote></p><p><i>Research and development expenses</i>increased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was&nbsp;primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.</p><p><blockquote><i>研发费用</i>2020财年的收入从上一年的人民币3,190万元增长837.2%至人民币2.993亿元（4,590万美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司研发人员的工资和福利增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020财年，销售费用、一般及管理费用以及研发费用中确认的股份补偿费用总额为人民币9.291亿元（1.424亿美元），上一年为人民币5270万元，主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p></p><p><b>Income from operations</b>decreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.</p><p><blockquote><b>营业收入</b>2020财年的收入由上年的人民币5640万元下降76.7%至人民币1310万元（200万美元）。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB230.5&nbsp;million (US$35.3&nbsp;million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9&nbsp;million in the prior year. The increase was&nbsp;primarilydue to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020财年为人民币2.305亿元（3530万美元），较上年的人民币2590万元增长789.3%。增加的主要原因是应纳税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</p><p><blockquote><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</blockquote></p><p><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million) in fiscal year 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020财年为人民币8.01亿元（1.228亿美元）。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>&nbsp;were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.</p><p><blockquote><b>每股美国存托股基本和摊薄净亏损</b>2020财年每股美国存托凭证基本和摊薄净利润均为人民币0.089元（0.014美元），而上一年每股美国存托凭证基本净利润和摊薄净利润为人民币0.033元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS</b>were bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入</b>2020财年每股美国存托凭证为0.557元人民币（0.085美元），而上一年为每股美国存托凭证0.070元人民币。</blockquote></p><p><b><u>Balance&nbsp;Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4&nbsp;million (US$524.4&nbsp;million), compared toRMB811.7 millionas ofDecember 31, 2019.</p><p><blockquote>截至2020年12月31日，公司的现金及现金等价物、限制性现金、短期银行存款和短期投资为人民币34.214亿元（5.244亿美元），而截至2019年12月31日为人民币8.117亿元。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin&nbsp;toremain steady.</p><p><blockquote>对于2021年第一季度，公司目前预计净收入将超过人民币23亿元，预计非公认会计准则净利润将超过人民币5.9亿元。公司的预期净利润还将包括基于股份的薪酬费用，这些费用取决于公司的股价，如果不付出不合理的努力就无法获得。该公司还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前市场状况，包括与COVID-19大流行相关的市场状况，反映了公司对市场和运营状况以及用户需求的初步估计，这些都可能发生变化。有关与前瞻性陈述相关的风险，请参阅本新闻稿中的“安全港声明”。</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>RLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</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\">\nRLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</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\">2021-03-26 17:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>BEIJING, March&nbsp;26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.</p><p><blockquote>北京2021年3月26日电/美通社/--中国领先的品牌电子烟公司RLX科技公司（“RLX科技”或“公司”）（纽约证券交易所代码：RLX）今天公布了第四季度未经审计的财务业绩截至2020年12月31日的季度和财年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd48712f2965372dd71b1af347f0ab9c\" tg-width=\"828\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b><u>Fourth Quarter 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020年第四季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.</li><li><b>Gross margin</b>was 42.9%, compared to 39.1% in the third quarter of 2020.</li><li><b>Net loss</b>wasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>wasRMB419.3 million(US$64.3 million).</li></ul><table><tbody><tr><td>[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><ul><li><b>净收入</b>为16.185亿元人民币（2.480亿美元），较2020年第三季度的11.202亿元人民币增长44.5%。</li><li><b>毛利率</b>为42.9%，而2020年第三季度为39.1%。</li><li><b>净亏损</b>为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</li><li><b>非公认会计准则净利润[1]</b>为人民币4.193亿元（6430万美元）。</li></ul><table><tbody><tr><td>[1]非公认会计准则净（损失）/收入是一项非公认会计准则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020财年财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.</li><li><b>Gross margin</b>was 40.0% in fiscal year 2020, compared to 37.5% in the prior year.</li><li><b>Net loss</b>wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</li><li><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million).</li></ul>\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneering<i>Guardian Program,</i>introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of our<i>Sunflower System</i>, our&nbsp;technology-driven underage-access-prevention system. In addition, we continued to advance our<i>Golden Shield Program</i>in cooperation with the public, media and local authorities to combat sales of counterfeit products.\"</p><p><blockquote><ul><li><b>净收入</b>2020财年为人民币38.197亿元（5.854亿美元），较上年的人民币15.494亿元增长146.5%。</li><li><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</li><li><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</li><li><b>非公认会计准则净利润</b>为人民币8.01亿元（1.228亿美元）。</li></ul>“我们很高兴报告2020年第四季度的财务和运营业绩。在整个2020年，尽管面临COVID-19带来的挑战，我们的业务仍然保持弹性，我们的管理团队仍然专注于建立和加强悦刻作为值得信赖的品牌对于成年吸烟者来说，”RLX科技联合创始人、董事会主席兼首席执行官王英女士表示。“我们将继续坚持和实践我们的道德原则，包括通过我们的行业先锋促进防止未成年人使用我们的产品。”<i>守护者计划，</i>向行业介绍有效的年龄验证实践。第四季度亦见证了我们推出一周年<i>向日葵系统</i>，我们的技术驱动的未成年人访问预防系统。此外，我们持续推进<i>金盾计划</i>与公众、媒体和地方当局合作，打击假冒产品的销售。”</blockquote></p><p>\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment&nbsp;in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.</p><p><blockquote>“展望未来，我们计划进一步巩固我们的领导地位，努力继续投资于科学研究，增强我们的技术和产品开发，加强我们的分销和零售网络，增强我们的供应链和生产能力，并扩展我们的全球能力。这些战略举措旨在支持我们的长期增长，”王女士总结道。</blockquote></p><p><b><u>Closing of Initial Public Offering (\"IPO\")</u></b></p><p><blockquote><b><u>首次公开发售（“首次公开发售”）结束</u></b></blockquote></p><p>OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.</p><p><blockquote>2021年1月26日，公司完成了133,975,000股美国存托股份（“ADS”）的首次公开发行，每股代表一股A类普通股。于交割时已发行的美国存讬股数目包括根据包销商悉数行使超额配股权而发行的17,475,000股美国存讬股。以每股美国存托凭证12.00美元的公开发行价格计算，总发行规模为16.077亿美元。</blockquote></p><p><b><u>Fourth Quarter 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020年第四季度未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>从2020年第三季度的人民币11.202亿元增长44.5%至2020年第四季度的人民币16.185亿元（2.480亿美元）。该增加主要是由于向线下分销商销售的净收入增加，这主要归因于公司分销和零售网络的扩张。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 58.6% to&nbsp;RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第三季度的人民币4.375亿元增长58.6%至2020年第四季度的人民币6.941亿元（1.064亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.</p><p><blockquote><b>毛利率</b>2020年第四季度增至42.9%，而2020年第三季度为39.1%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0&nbsp;million in the third quarter of 2020.</p><p><blockquote><b>营业费用</b>2020年第四季度为8.526亿元人民币（1.307亿美元），较2020年第三季度的3.80亿元人民币增长124.4%。</blockquote></p><p><i>Selling expenses</i>increased by 127.0% to&nbsp;RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.</p><p><blockquote><i>销售费用</i>2020年第四季度的人民币1.967亿元，较2020年第三季度的人民币8,670万元增长127.0%至人民币1.967亿元（3,010万美元）。该增加主要由于(i)以股份为基础的薪酬开支增加及(ii)品牌材料开支增加所致。</blockquote></p><p></p><p><i>General and administrative expenses</i>&nbsp;increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.</p><p><blockquote><i>一般及行政开支</i>从2020年第三季度的人民币2.548亿元增长75.4%至2020年第四季度的人民币4.470亿元（6850万美元）。增加的主要原因是（i）以股份为基础的薪酬开支增加，及（ii）专业服务费增加。</blockquote></p><p><i>Research and development expenses</i>increased by 441.9% to&nbsp;RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.</p><p><blockquote><i>研发费用</i>从2020年第三季度的人民币3850万元增长441.9%至2020年第四季度的人民币2.089亿元（3200万美元）。这一增长主要是由于(i)以股份为基础的薪酬费用增加，以及(ii)软件和技术服务费用增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1&nbsp;million (US$100.6&nbsp;million) in the fourth quarter of 2020 andRMB238.2&nbsp;million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020年第四季度，在销售费用、一般和管理费用以及研发费用中确认的股权激励费用总计为人民币6.561亿元（1.006亿美元），2020年第三季度为人民币2.382亿元。该增加主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p><b>Loss from operations</b>&nbsp;wasRMB158.5&nbsp;million (US$24.3&nbsp;million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.</p><p><blockquote><b>经营亏损</b>2020年第四季度营业收入为人民币1.585亿元（2430万美元），而2020年第三季度营业收入为人民币5750万元。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB110.6&nbsp;million (US$17.0&nbsp;million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020年第四季度所得税费用为人民币1.106亿元（1700万美元），而2020年第三季度所得税费用为人民币7730万元，主要是由于应税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB236.7&nbsp;million (US$36.3&nbsp;million) in the fourth&nbsp;quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.</p><p><blockquote><b>净亏损</b>2020年第四季度净利润为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</blockquote></p><p><b>Non-GAAP&nbsp;net income</b>wasRMB419.3 million(US$64.3&nbsp;million) in the fourth&nbsp;quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020年第四季度为4.193亿元人民币（6430万美元）。</blockquote></p><p><b>Basic and diluted net loss per American depositary share (\"ADS\")</b>&nbsp;were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.</p><p><blockquote><b>每股美国存托股份（“美国存托股份”）基本及摊薄净亏损</b>2020年第四季度每股美国存托凭证的基本和摊薄净利润均为人民币0.165元（0.025美元），而2020年第三季度每股美国存托凭证的基本和摊薄净利润为人民币0.005元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS[2]</b>were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入[2]</b>2020年第四季度均为人民币0.292元（0.045美元），而2020年第三季度为人民币0.171元。</blockquote></p><p><table><tbody><tr><td>[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><table><tbody><tr><td>[2]非公认会计原则每股美国存托凭证基本和摊薄净（亏损）/收入是一项非公认会计原则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020财年未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 146.5% to&nbsp;RMB3,819.7&nbsp;million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4&nbsp;million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.</p><p><blockquote><b>净收入</b>2020财年的人民币38.197亿元（5.854亿美元）由上年的人民币15.494亿元增长146.5%至人民币38.197亿元（5.854亿美元）。该增长主要是由于向线下分销商销售的净收入增加所致。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 162.9% to&nbsp;RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.</p><p><blockquote><b>毛利</b>2020财年的人民币15.276亿元（2.341亿美元）由上年的人民币5.809亿元增长162.9%至人民币15.276亿元（2.341亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.</p><p><blockquote><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6&nbsp;million in the prior year.</p><p><blockquote><b>营业费用</b>2020财年为15.144亿元人民币（2.321亿美元），较上年的5.246亿元人民币增长188.7%。</blockquote></p><p><i>Selling expenses</i>increased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was&nbsp;primarilydue to (i)&nbsp;an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.</p><p><blockquote><i>销售费用</i>2020财年的收入从上年的3.594亿元人民币增长23.3%至4.432亿元人民币（6790万美元）。这一增长主要是由于（i）以股份为基础的薪酬费用增加，以及（ii）公司销售人员的工资和福利增加，但部分被公司关闭电商平台服务费用减少所抵消。2019年10月的公告，并停止与电商平台分销商的合作。</blockquote></p><p><i>General and administrative expenses</i>&nbsp;increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was&nbsp;primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.</p><p><blockquote><i>一般及行政开支</i>2020财年的收入从上年的人民币1.332亿元增长479.5%至人民币7.72亿元（1.183亿美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司一般和行政人员的工资和福利增加。</blockquote></p><p><i>Research and development expenses</i>increased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was&nbsp;primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.</p><p><blockquote><i>研发费用</i>2020财年的收入从上一年的人民币3,190万元增长837.2%至人民币2.993亿元（4,590万美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司研发人员的工资和福利增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020财年，销售费用、一般及管理费用以及研发费用中确认的股份补偿费用总额为人民币9.291亿元（1.424亿美元），上一年为人民币5270万元，主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p></p><p><b>Income from operations</b>decreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.</p><p><blockquote><b>营业收入</b>2020财年的收入由上年的人民币5640万元下降76.7%至人民币1310万元（200万美元）。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB230.5&nbsp;million (US$35.3&nbsp;million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9&nbsp;million in the prior year. The increase was&nbsp;primarilydue to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020财年为人民币2.305亿元（3530万美元），较上年的人民币2590万元增长789.3%。增加的主要原因是应纳税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</p><p><blockquote><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</blockquote></p><p><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million) in fiscal year 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020财年为人民币8.01亿元（1.228亿美元）。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>&nbsp;were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.</p><p><blockquote><b>每股美国存托股基本和摊薄净亏损</b>2020财年每股美国存托凭证基本和摊薄净利润均为人民币0.089元（0.014美元），而上一年每股美国存托凭证基本净利润和摊薄净利润为人民币0.033元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS</b>were bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入</b>2020财年每股美国存托凭证为0.557元人民币（0.085美元），而上一年为每股美国存托凭证0.070元人民币。</blockquote></p><p><b><u>Balance&nbsp;Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4&nbsp;million (US$524.4&nbsp;million), compared toRMB811.7 millionas ofDecember 31, 2019.</p><p><blockquote>截至2020年12月31日，公司的现金及现金等价物、限制性现金、短期银行存款和短期投资为人民币34.214亿元（5.244亿美元），而截至2019年12月31日为人民币8.117亿元。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin&nbsp;toremain steady.</p><p><blockquote>对于2021年第一季度，公司目前预计净收入将超过人民币23亿元，预计非公认会计准则净利润将超过人民币5.9亿元。公司的预期净利润还将包括基于股份的薪酬费用，这些费用取决于公司的股价，如果不付出不合理的努力就无法获得。该公司还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前市场状况，包括与COVID-19大流行相关的市场状况，反映了公司对市场和运营状况以及用户需求的初步估计，这些都可能发生变化。有关与前瞻性陈述相关的风险，请参阅本新闻稿中的“安全港声明”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RLX":"雾芯科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122473630","content_text":"BEIJING, March 26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.Fourth Quarter 2020 Financial HighlightsNet revenueswereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.Gross marginwas 42.9%, compared to 39.1% in the third quarter of 2020.Net losswasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.Non-GAAP net income[1]wasRMB419.3 million(US$64.3 million).[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.Fiscal Year 2020 Financial HighlightsNet revenueswereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.Gross marginwas 40.0% in fiscal year 2020, compared to 37.5% in the prior year.Net losswasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.Non-GAAP net incomewasRMB801.0 million(US$122.8 million).\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneeringGuardian Program,introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of ourSunflower System, our technology-driven underage-access-prevention system. In addition, we continued to advance ourGolden Shield Programin cooperation with the public, media and local authorities to combat sales of counterfeit products.\"\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.Closing of Initial Public Offering (\"IPO\")OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.Fourth Quarter 2020 Unaudited Financial ResultsNet revenues increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.Gross profit increased by 58.6% to RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.Gross margin increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.Operating expenses wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0 million in the third quarter of 2020.Selling expensesincreased by 127.0% to RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.General and administrative expenses increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.Research and development expensesincreased by 441.9% to RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1 million (US$100.6 million) in the fourth quarter of 2020 andRMB238.2 million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.Loss from operations wasRMB158.5 million (US$24.3 million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.Income tax expense wasRMB110.6 million (US$17.0 million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.Net loss wasRMB236.7 million (US$36.3 million) in the fourth quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.Non-GAAP net incomewasRMB419.3 million(US$64.3 million) in the fourth quarter of 2020.Basic and diluted net loss per American depositary share (\"ADS\") were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.Non-GAAP basic and diluted netincome per ADS[2]were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.Fiscal Year 2020 Unaudited Financial ResultsNet revenues increased by 146.5% to RMB3,819.7 million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4 million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.Gross profit increased by 162.9% to RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.Gross margin was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.Operating expenses wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6 million in the prior year.Selling expensesincreased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.General and administrative expenses increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.Research and development expensesincreased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.Income from operationsdecreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.Income tax expense wasRMB230.5 million (US$35.3 million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9 million in the prior year. The increase was primarilydue to an increase in taxable income.Net loss wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.Non-GAAP net incomewasRMB801.0 million(US$122.8 million) in fiscal year 2020.Basic and diluted net loss per ADS were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.Non-GAAP basic and diluted netincome per ADSwere bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.Balance SheetAs ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4 million (US$524.4 million), compared toRMB811.7 millionas ofDecember 31, 2019.Business OutlookFor the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin toremain steady.The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.","news_type":1,"symbols_score_info":{"RLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358845483,"gmtCreate":1616681869642,"gmtModify":1634524576227,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358845483","repostId":"1126422288","repostType":4,"repost":{"id":"1126422288","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":1616680822,"share":"https://www.laohu8.com/m/news/1126422288?lang=zh_CN&edition=full","pubTime":"2021-03-25 22:00","market":"us","language":"en","title":"Some “meme” stocks rebound<blockquote>部分“模因”股反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126422288","media":"Tiger Newspress","summary":"Some “meme” stocks rebound in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9","content":"<p>Some “meme” stocks rebound&nbsp;in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.</p><p><blockquote>一些“模因”股票在周四早盘交易中反弹。游戏驿站股价上涨11%，科斯股价上涨9%，AMC院线股价上涨6%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e175596fd8712309d527beb74accde6\" tg-width=\"374\" tg-height=\"662\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Some “meme” stocks rebound<blockquote>部分“模因”股反弹</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\">\nSome “meme” stocks rebound<blockquote>部分“模因”股反弹</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\">2021-03-25 22:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some “meme” stocks rebound&nbsp;in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.</p><p><blockquote>一些“模因”股票在周四早盘交易中反弹。游戏驿站股价上涨11%，科斯股价上涨9%，AMC院线股价上涨6%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e175596fd8712309d527beb74accde6\" tg-width=\"374\" tg-height=\"662\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","KOSS":"高斯电子"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126422288","content_text":"Some “meme” stocks rebound in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.","news_type":1,"symbols_score_info":{"GME":0.9,"KOSS":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324656713,"gmtCreate":1615990874132,"gmtModify":1703496076778,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324656713","repostId":"1128306547","repostType":4,"repost":{"id":"1128306547","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":1615988989,"share":"https://www.laohu8.com/m/news/1128306547?lang=zh_CN&edition=full","pubTime":"2021-03-17 21:49","market":"us","language":"en","title":"GameStop stock rose more than 10%<blockquote>游戏驿站股价涨超10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128306547","media":"Tiger Newspress","summary":"(March 17) GameStop stock rose more than 10%.Ahead of next week's earnings report, Telsey reiterates","content":"<p>(March 17)&nbsp;GameStop stock rose more than 10%.</p><p><blockquote>（3月17日）游戏驿站股票涨超10%。</blockquote></p><p>Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.</p><p><blockquote>在下周发布收益报告之前，特尔西重申了对游戏驿站的表现不佳评级，认为该公司尚未表现出财务成功。</blockquote></p><p>\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"</p><p><blockquote>“展望未来，游戏驿站应该受益于：1）新的游戏周期，当前新一代微软和索尼游戏机的需求超过了供应；2）与RC Ventures的协议和董事会更新；以及3）其健康的资产负债表，截至2020年第三季度末，净现金头寸为1.01亿美元。然而，该公司尚未在一个迅速转向数字化的行业中取得财务成功。”</blockquote></p><p>Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.</p><p><blockquote>说到游戏驿站的财报日，3月23日下午5:00的电话会议。是GME多头和空头的必听节目。</blockquote></p><p>Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.</p><p><blockquote>好奇的人想知道游戏驿站是否正在考虑发行新股以利用零售层面的火热需求，或者像美国银行建议的那样回购股票。</blockquote></p><p>Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.</p><p><blockquote>尽管海报-WSB/Reddit股票游戏驿站周二连续第二天下跌，使其有望创下一个多月来最糟糕的两天。</blockquote></p><p>This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.</p><p><blockquote>这一切都发生在关于散户投资和卖空的最新国会听证会之前。众议院金融服务委员会将继续调查1月底发生的模因股票轧空事件，召集七名专家证人就改革美国市场结构的提案发表意见。这可能有助于该系统避免类似事件重演，当时Robinhood(RBNHD)和其他零售经纪商限制购买热门股票，以应对清算所抵押品需求的激增。</blockquote></p><p><img src=\"https://static.tigerbbs.com/73faab6d55b37015a43acecf2920df83\" tg-width=\"685\" tg-height=\"479\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>GameStop stock rose more than 10%<blockquote>游戏驿站股价涨超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\">\nGameStop stock rose more than 10%<blockquote>游戏驿站股价涨超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\">2021-03-17 21:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 17)&nbsp;GameStop stock rose more than 10%.</p><p><blockquote>（3月17日）游戏驿站股票涨超10%。</blockquote></p><p>Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.</p><p><blockquote>在下周发布收益报告之前，特尔西重申了对游戏驿站的表现不佳评级，认为该公司尚未表现出财务成功。</blockquote></p><p>\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"</p><p><blockquote>“展望未来，游戏驿站应该受益于：1）新的游戏周期，当前新一代微软和索尼游戏机的需求超过了供应；2）与RC Ventures的协议和董事会更新；以及3）其健康的资产负债表，截至2020年第三季度末，净现金头寸为1.01亿美元。然而，该公司尚未在一个迅速转向数字化的行业中取得财务成功。”</blockquote></p><p>Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.</p><p><blockquote>说到游戏驿站的财报日，3月23日下午5:00的电话会议。是GME多头和空头的必听节目。</blockquote></p><p>Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.</p><p><blockquote>好奇的人想知道游戏驿站是否正在考虑发行新股以利用零售层面的火热需求，或者像美国银行建议的那样回购股票。</blockquote></p><p>Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.</p><p><blockquote>尽管海报-WSB/Reddit股票游戏驿站周二连续第二天下跌，使其有望创下一个多月来最糟糕的两天。</blockquote></p><p>This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.</p><p><blockquote>这一切都发生在关于散户投资和卖空的最新国会听证会之前。众议院金融服务委员会将继续调查1月底发生的模因股票轧空事件，召集七名专家证人就改革美国市场结构的提案发表意见。这可能有助于该系统避免类似事件重演，当时Robinhood(RBNHD)和其他零售经纪商限制购买热门股票，以应对清算所抵押品需求的激增。</blockquote></p><p><img src=\"https://static.tigerbbs.com/73faab6d55b37015a43acecf2920df83\" tg-width=\"685\" tg-height=\"479\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128306547","content_text":"(March 17) GameStop stock rose more than 10%.Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324656125,"gmtCreate":1615990860267,"gmtModify":1703496075390,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324656125","repostId":"1140170853","repostType":4,"repost":{"id":"1140170853","kind":"news","pubTimestamp":1615989472,"share":"https://www.laohu8.com/m/news/1140170853?lang=zh_CN&edition=full","pubTime":"2021-03-17 21:57","market":"us","language":"en","title":"Plug Power to Restate Financials, Stock Plummets<blockquote>普拉格能源重申财务状况，股价暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140170853","media":"The Street","summary":"Shares of Plug Power (PLUG) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell co","content":"<p>Shares of Plug Power&nbsp;(<b>PLUG</b>) -Get Report&nbsp;plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.</p><p><blockquote>普拉格能源股份(<b>插头</b>)-Get Report周三暴跌超过13%，此前这家燃料电池公司表示将重述2018年的财务业绩。</blockquote></p><p><img src=\"https://static.tigerbbs.com/28a6c7b5b383dfb719c7d2920d6846d5\" tg-width=\"685\" tg-height=\"479\"></p><p><blockquote></blockquote></p><p>Plug Power said in anews releasewill restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in the Form 10-K for the year ended Dec. 31, 2020.</p><p><blockquote>普拉格能源在新闻稿中表示，将重述2018和2019财年的财务报表以及2019和2020财年的季度文件，这些文件将在截至2020年12月31日的10-K表格中披露。</blockquote></p><p>KPMG, the company's accounting firm, management and the audit committee of Plug Power’s board of directors \"determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items, including:</p><p><blockquote>公司会计师事务所毕马威会计师事务所、管理层和普拉格能源董事会审计委员会“确定公司前期财务报表需要重述，原因是主要与几个非现金项目相关的会计错误，包括：</blockquote></p><p><ul><li>The reported book value of right of use assets and related finance obligations;</li><li>Loss accruals for certain service contracts;</li><li>The impairment of certain long-lived assets; and</li><li>The classification of certain costs, resulting in a decrease in research and development expense and a corresponding increase in cost of revenue.</li></ul>“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said.</p><p><blockquote><ul><li>使用权资产及相关融资责任的呈报账面值；</li><li>若干服务合约的应计亏损；</li><li>若干长期资产的减值；和</li><li>部分成本的分类，导致研发费用减少，收入成本相应增加。</li></ul>普拉格能源表示：“鉴于公司业务的创新性质及其在快速发展的新兴行业中的领先地位，与重述相关的会计工作复杂且技术性强，涉及如何应用美国公认会计原则的重大判断。”</blockquote></p><p>As a result of the corrections, Plug Power will not file its form 10K by Tuesday as planned, it said, but will do so “as soon as possible.”</p><p><blockquote>该公司表示，由于这些更正，普拉格能源不会按计划在周二之前提交10K表格，但会“尽快”提交。</blockquote></p><p>After it reported fourth-quarter&nbsp;results&nbsp;in February, the company and&nbsp;KPMG identified the issues, which it said did not “result from any override of controls or misconduct.”</p><p><blockquote>在二月份报告第四季度业绩后，该公司和毕马威会计师事务所发现了这些问题，并表示这些问题并非“任何控制措施被推翻或不当行为造成的”。</blockquote></p><p>Shares of Plug Power were up 1,446% over the past year, compared with gains of more than 60% for the S&amp;P 500 index. At the start of March,JP Morgan upgraded the hydrogen fuel cell companyto overweight from neutral.</p><p><blockquote>普拉格能源股价在过去一年上涨了1,446%，而标普500指数的涨幅超过60%。3月初，摩根大通将这家氢燃料电池公司的评级从中性上调至跑赢大盘。</blockquote></p><p>Shares fell 8.14% in regular trade Tuesday to close at $42.68. In late trade, the stock was down 11.4% to $37.82.</p><p><blockquote>周二常规交易中股价下跌8.14%，收于42.68美元。尾盘交易中，该股下跌11.4%，至37.82美元。</blockquote></p><p>On Wall Street Tuesday,stocks finished mixedas the Dow Jones Industrial Average and S&amp;P 500 fell from records and investors turned their attention to the Federal Reserve for the central bank's projections on the economy.</p><p><blockquote>周二，华尔街股市收盘涨跌互现，道琼斯工业平均指数和标普500均跌至创纪录水平，投资者将注意力转向美联储，以了解央行对经济的预测。</blockquote></p><p>The Dow Jones Industrial Average finished down 127 points, or 0.39%, to 32,825. The blue-chip index closed higher Monday for a seventh straight session.</p><p><blockquote>道琼斯工业平均指数收盘下跌127点，或0.39%，至32,825点。蓝筹股指数周一连续第七个交易日收高。</blockquote></p><p><img src=\"https://static.tigerbbs.com/afceffb177ea9e9ae7b19db3068a0ae1\" tg-width=\"685\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1610613172068","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>Plug Power to Restate Financials, Stock Plummets<blockquote>普拉格能源重申财务状况，股价暴跌</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\">\nPlug Power to Restate Financials, Stock Plummets<blockquote>普拉格能源重申财务状况，股价暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-03-17 21:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of Plug Power&nbsp;(<b>PLUG</b>) -Get Report&nbsp;plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.</p><p><blockquote>普拉格能源股份(<b>插头</b>)-Get Report周三暴跌超过13%，此前这家燃料电池公司表示将重述2018年的财务业绩。</blockquote></p><p><img src=\"https://static.tigerbbs.com/28a6c7b5b383dfb719c7d2920d6846d5\" tg-width=\"685\" tg-height=\"479\"></p><p><blockquote></blockquote></p><p>Plug Power said in anews releasewill restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in the Form 10-K for the year ended Dec. 31, 2020.</p><p><blockquote>普拉格能源在新闻稿中表示，将重述2018和2019财年的财务报表以及2019和2020财年的季度文件，这些文件将在截至2020年12月31日的10-K表格中披露。</blockquote></p><p>KPMG, the company's accounting firm, management and the audit committee of Plug Power’s board of directors \"determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items, including:</p><p><blockquote>公司会计师事务所毕马威会计师事务所、管理层和普拉格能源董事会审计委员会“确定公司前期财务报表需要重述，原因是主要与几个非现金项目相关的会计错误，包括：</blockquote></p><p><ul><li>The reported book value of right of use assets and related finance obligations;</li><li>Loss accruals for certain service contracts;</li><li>The impairment of certain long-lived assets; and</li><li>The classification of certain costs, resulting in a decrease in research and development expense and a corresponding increase in cost of revenue.</li></ul>“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said.</p><p><blockquote><ul><li>使用权资产及相关融资责任的呈报账面值；</li><li>若干服务合约的应计亏损；</li><li>若干长期资产的减值；和</li><li>部分成本的分类，导致研发费用减少，收入成本相应增加。</li></ul>普拉格能源表示：“鉴于公司业务的创新性质及其在快速发展的新兴行业中的领先地位，与重述相关的会计工作复杂且技术性强，涉及如何应用美国公认会计原则的重大判断。”</blockquote></p><p>As a result of the corrections, Plug Power will not file its form 10K by Tuesday as planned, it said, but will do so “as soon as possible.”</p><p><blockquote>该公司表示，由于这些更正，普拉格能源不会按计划在周二之前提交10K表格，但会“尽快”提交。</blockquote></p><p>After it reported fourth-quarter&nbsp;results&nbsp;in February, the company and&nbsp;KPMG identified the issues, which it said did not “result from any override of controls or misconduct.”</p><p><blockquote>在二月份报告第四季度业绩后，该公司和毕马威会计师事务所发现了这些问题，并表示这些问题并非“任何控制措施被推翻或不当行为造成的”。</blockquote></p><p>Shares of Plug Power were up 1,446% over the past year, compared with gains of more than 60% for the S&amp;P 500 index. At the start of March,JP Morgan upgraded the hydrogen fuel cell companyto overweight from neutral.</p><p><blockquote>普拉格能源股价在过去一年上涨了1,446%，而标普500指数的涨幅超过60%。3月初，摩根大通将这家氢燃料电池公司的评级从中性上调至跑赢大盘。</blockquote></p><p>Shares fell 8.14% in regular trade Tuesday to close at $42.68. In late trade, the stock was down 11.4% to $37.82.</p><p><blockquote>周二常规交易中股价下跌8.14%，收于42.68美元。尾盘交易中，该股下跌11.4%，至37.82美元。</blockquote></p><p>On Wall Street Tuesday,stocks finished mixedas the Dow Jones Industrial Average and S&amp;P 500 fell from records and investors turned their attention to the Federal Reserve for the central bank's projections on the economy.</p><p><blockquote>周二，华尔街股市收盘涨跌互现，道琼斯工业平均指数和标普500均跌至创纪录水平，投资者将注意力转向美联储，以了解央行对经济的预测。</blockquote></p><p>The Dow Jones Industrial Average finished down 127 points, or 0.39%, to 32,825. The blue-chip index closed higher Monday for a seventh straight session.</p><p><blockquote>道琼斯工业平均指数收盘下跌127点，或0.39%，至32,825点。蓝筹股指数周一连续第七个交易日收高。</blockquote></p><p><img src=\"https://static.tigerbbs.com/afceffb177ea9e9ae7b19db3068a0ae1\" tg-width=\"685\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/plug-power-to-restate-financials-stock-plummets\">The Street</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":{"PLUG":"普拉格能源"},"source_url":"https://www.thestreet.com/investing/plug-power-to-restate-financials-stock-plummets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140170853","content_text":"Shares of Plug Power (PLUG) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.Plug Power said in anews releasewill restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in the Form 10-K for the year ended Dec. 31, 2020.KPMG, the company's accounting firm, management and the audit committee of Plug Power’s board of directors \"determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items, including:The reported book value of right of use assets and related finance obligations;Loss accruals for certain service contracts;The impairment of certain long-lived assets; andThe classification of certain costs, resulting in a decrease in research and development expense and a corresponding increase in cost of revenue.“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said.As a result of the corrections, Plug Power will not file its form 10K by Tuesday as planned, it said, but will do so “as soon as possible.”After it reported fourth-quarter results in February, the company and KPMG identified the issues, which it said did not “result from any override of controls or misconduct.”Shares of Plug Power were up 1,446% over the past year, compared with gains of more than 60% for the S&P 500 index. At the start of March,JP Morgan upgraded the hydrogen fuel cell companyto overweight from neutral.Shares fell 8.14% in regular trade Tuesday to close at $42.68. In late trade, the stock was down 11.4% to $37.82.On Wall Street Tuesday,stocks finished mixedas the Dow Jones Industrial Average and S&P 500 fell from records and investors turned their attention to the Federal Reserve for the central bank's projections on the economy.The Dow Jones Industrial Average finished down 127 points, or 0.39%, to 32,825. The blue-chip index closed higher Monday for a seventh straight session.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":2922,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325253951,"gmtCreate":1615903323073,"gmtModify":1703494786602,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Crypto!","listText":"Crypto!","text":"Crypto!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325253951","repostId":"1152144890","repostType":4,"isVote":1,"tweetType":1,"viewCount":1579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325250275,"gmtCreate":1615903288797,"gmtModify":1703494784189,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Oh no!","listText":"Oh no!","text":"Oh no!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325250275","repostId":"1122286945","repostType":4,"repost":{"id":"1122286945","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":1615902195,"share":"https://www.laohu8.com/m/news/1122286945?lang=zh_CN&edition=full","pubTime":"2021-03-16 21:43","market":"us","language":"en","title":"GameStop stock drops nearly 15%, after tumbling 16.8% on Monday<blockquote>游戏驿站股价周一暴跌16.8%后下跌近15%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122286945","media":"Tiger Newspress","summary":"(March 16) GameStop stock drops nearly 15%, after tumbling 16.8% on Monday. The Reddit favorite vide","content":"<p>(March 16)&nbsp;GameStop stock drops nearly 15%, after tumbling 16.8% on Monday.&nbsp;The Reddit favorite videogame retailer’s stock is still trading more than 10 times higher than it was at the start of the year.</p><p><blockquote>（3月16日）继周一暴跌16.8%后，游戏驿站股价下跌近15%。这家Reddit最受欢迎的视频游戏零售商的股价仍比年初高出10倍以上。</blockquote></p><p><img src=\"https://static.tigerbbs.com/da1c0801a7e42bda21ddd62a9cd23005\" tg-width=\"724\" tg-height=\"516\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>GameStop stock drops nearly 15%, after tumbling 16.8% on Monday<blockquote>游戏驿站股价周一暴跌16.8%后下跌近15%</blockquote></title>\n<style 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21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 16)&nbsp;GameStop stock drops nearly 15%, after tumbling 16.8% on Monday.&nbsp;The Reddit favorite videogame retailer’s stock is still trading more than 10 times higher than it was at the start of the year.</p><p><blockquote>（3月16日）继周一暴跌16.8%后，游戏驿站股价下跌近15%。这家Reddit最受欢迎的视频游戏零售商的股价仍比年初高出10倍以上。</blockquote></p><p><img src=\"https://static.tigerbbs.com/da1c0801a7e42bda21ddd62a9cd23005\" tg-width=\"724\" tg-height=\"516\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122286945","content_text":"(March 16) GameStop stock drops nearly 15%, after tumbling 16.8% on Monday. The Reddit favorite videogame retailer’s stock is still trading more than 10 times higher than it was at the start of the year.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325250323,"gmtCreate":1615903264362,"gmtModify":1703494783671,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"D day tmr","listText":"D day tmr","text":"D day 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11:52","market":"fut","language":"en","title":"Bitcoin May Be Weighing on Tech Stocks Again<blockquote>比特币可能再次打压科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125238969","media":"Barrons","summary":"“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.Semiconductor makerN","content":"<p>“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.</p><p><blockquote>如果科技行业继续下滑，“归咎于比特币”可能会成为一个新的口号。</blockquote></p><p>Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-heavyNasdaq Compositeindex. The chip stock stands out because the company issueda strong earnings reportWednesday, including a lift from products related to Bitcoin and other cryptocurrencies.</p><p><blockquote>半导体制造商英伟达（股票代码：NVDA）在最近的交易中下跌8.2%，至532.3美元，以科技股为主的纳斯达克综合指数普遍暴跌。该芯片股之所以脱颖而出，是因为该公司周三发布了强劲的收益报告，其中包括比特币和其他加密货币相关产品的提振。</blockquote></p><p>Payments app&nbsp;Square(SQ), meanwhile, also continued its slide, down 4.3%, at $227.11. The company’srelatively strong&nbsp;earnings report on Tuesday included investments and operational gains from Bitcoin, and the firm said it plans to “double down” on the digital coin. That may be weighing on the stock, which is down nearly 20% in the last few sessions as&nbsp;Bitcoin prices have slumped.</p><p><blockquote>与此同时，支付应用Square(SQ)也继续下滑，下跌4.3%，至227.11美元。该公司周二发布的相对强劲的收益报告包括来自比特币的投资和运营收益，该公司表示计划“加倍投资”数字硬币。这可能会给该股带来压力，随着比特币股价暴跌，该股在过去几个交易日下跌了近20%。</blockquote></p><p>Tech is under pressure for other reasons: Steep valuations have made the sector vulnerable to weakness in company forecasts. Rising bond yields pose a threat by pressuring the present value of future cash flows. Big Tech is also a crowded trade that could be losing favor as investors look for more-cyclical exposure or sectors with lower valuations.</p><p><blockquote>科技股面临压力还有其他原因：估值过高使得该行业容易受到公司预测疲软的影响。债券收益率上升会给未来现金流的现值带来压力，从而构成威胁。大型科技公司也是一个拥挤的行业，随着投资者寻找更具周期性的投资或估值较低的行业，它可能会失去青睐。</blockquote></p><p>But the trading patterns in Nvidia, Square,Tesla(TSLA), and other stocks may also be a sign of Bitcoin’s growing influence. Companies are plowing capital into Bitcoin directly and related products and services, expanding exposure at a time when prices have skyrocketed more than 350% in the past year. Despite its recent slide, Bitcoin is still up 67% this year.</p><p><blockquote>但英伟达、Square、特斯拉(TSLA)和其他股票的交易模式也可能是比特币影响力日益增强的标志。公司正在将资本直接投入比特币以及相关产品和服务，在过去一年价格飙升超过350%之际扩大风险敞口。尽管最近有所下滑，但比特币今年仍上涨了67%。</blockquote></p><p>Crypto is&nbsp;certainly gathering momentum.Mastercard&nbsp;(MA) said this month that it would start supporting cryptocurrencies directly on its network, noting that many consumers are already using cards to buy crypto assets. But it would still be a stretch to turn Bitcoin into a viable currency for everyday purchases, a&nbsp;Mastercard&nbsp;executive noted at a conference on Thursday.</p><p><blockquote>加密货币无疑正在积聚动力。万事达卡（MA）本月表示，将开始直接在其网络上支持加密货币，并指出许多消费者已经在使用信用卡购买加密资产。但万事达卡高管在周四的一次会议上指出，将比特币变成一种可行的日常购物货币仍然是一个挑战。</blockquote></p><p>“Bitcoin doesn’t behave like a payment instrument,” said Mastercard Executive Vice Chair Ann Cairns, according to a&nbsp;report&nbsp;on MarketWatch. “It’s too volatile and it takes too long to transact.”</p><p><blockquote>据MarketWatch报道，万事达卡执行副主席安·凯恩斯(Ann Cairns)表示：“比特币的行为不像一种支付工具。”“波动性太大，交易时间太长。”</blockquote></p><p>Whether it becomes an asset class or payment instrument, the rise (and potential fall) of Bitcoin is ripping through corners of tech, banking, and other sectors.</p><p><blockquote>无论是成为一种资产类别还是支付工具，比特币的崛起（以及潜在的衰落）正在席卷科技、银行和其他行业。</blockquote></p><p>Nvidia, for instance, issued animpressiveearnings report, as<i>Barron’s</i>noted. But it’s also becoming more of a crypto play.</p><p><blockquote>例如，英伟达发布了一份令人印象深刻的收益报告，<i>巴伦周刊</i>注意到。但它也变得更像是一种加密游戏。</blockquote></p><p>The company said crypto may have had a $100 million to $300 million positive impact in the quarter. The firm is launching a new line of cryptocurrency mining processors, or CMPs, for professional crypto-mining.</p><p><blockquote>该公司表示，加密货币在本季度可能产生了1亿至3亿美元的积极影响。该公司正在推出一系列新的加密货币挖掘处理器（CMP），用于专业的加密挖掘。</blockquote></p><p>“Cryptocurrencies have recently started to be accepted by companies and financial institutions and show increased signs of staying power,” Nvidia told investors. Its new line of CMPs will give the firm more visibility into the contribution of crypto to revenue, the company added.</p><p><blockquote>英伟达告诉投资者：“加密货币最近开始被公司和金融机构接受，并显示出持久力的迹象。”该公司补充说，其新的CMP系列将使公司更好地了解加密货币对收入的贡献。</blockquote></p><p>Some analysts are questioning the sustainability of the trend.Piper Sandler’s Harsh Kumarreiterated an Overweight rating on the shares, for instance, but cautioned about Nvidia’s growing exposure to crypto.</p><p><blockquote>一些分析师质疑这一趋势的可持续性。例如，Piper Sandler的Harsh Kumar重申了跑赢大盘对该股的评级，但对英伟达对加密货币的敞口不断增加提出警告。</blockquote></p><p>“With cryptocurrency entering the picture again, the delineation between crypto and core gaming upside is blurred,” he writes. “We feel investors may question the sustainability of these trends, particularly given the cryptocurrency issues in the past.”</p><p><blockquote>“随着加密货币再次出现，加密货币和核心游戏优势之间的界限变得模糊，”他写道。“我们认为投资者可能会质疑这些趋势的可持续性，特别是考虑到过去的加密货币问题。”</blockquote></p><p>Payments app Square, as noted above, is also now squarely in the Bitcoin debate. While core business trends are looking healthy, investors may be concerned that Square is expanding into crypto as prices peak. The company purchased $170 million of Bitcoin in the quarter, on top of $50 million previously purchased, and is marketing its Cash App as a mechanism to buy, store, and eventually transact with the cryptocurrency.</p><p><blockquote>如上所述，支付应用Square现在也直接卷入了比特币的争论。虽然核心业务趋势看起来很健康，但投资者可能担心随着价格见顶，Square正在向加密领域扩张。该公司在之前购买了5000万美元的基础上，在本季度购买了1.7亿美元的比特币，并正在将其Cash应用程序作为购买、存储并最终交易加密货币的机制进行营销。</blockquote></p><p>Wall Street has mixed views on that idea. Competitors like&nbsp;PayPal Holdings(PYPL) are also plowing into Bitcoin, along with other “neobbank” competitors, notes&nbsp;JMP analyst David Scharf. That raises questions about the long-term “stickiness” of Cash App and whether its growth can be sustained.</p><p><blockquote>华尔街对这一想法看法不一。JMP分析师David Scharf指出，PayPal控股公司(PYPL)等竞争对手以及其他“新银行”竞争对手也在进军比特币。这引发了人们对Cash App长期“粘性”以及其增长能否持续的质疑。</blockquote></p><p>Indeed, Cash App now accounts for about half of Square’s gross profits, and the company is counting on Bitcoin to fuel demand. That is making Square stock a kind of derivative on Bitcoin; shares have been increasingly correlated to the price of Bitcoin over the past year, and the relationship may only be getting tighter.</p><p><blockquote>事实上，Cash App现在约占Square毛利润的一半，该公司指望比特币来刺激需求。这使得Square股票成为比特币的一种衍生品；过去一年，股价与比特币股价的相关性越来越大，而且这种关系可能只会变得越来越紧密。</blockquote></p><p>Square stock also may not be fully accounting for the volatility of Bitcoin, which has had several boom-bust cycles. At around 100 estimated 2022 Ebitda (earnings before interest, taxes, depreciation, and amortization), the stock looks fully valued, according to Scharf, who maintained a Market Perform rating.</p><p><blockquote>Square的股票也可能没有完全考虑到比特币的波动性，该公司已经经历了几个繁荣-萧条周期。Scharf表示，该股预计2022年Ebitda（息税折旧摊销前利润）约为100，看起来估值已充分，他维持了市场表现评级。</blockquote></p><p></p><p>Guggenheim’s Jeff Cantwell&nbsp;took the opposite side of that debate. He upgraded Square stock to a Buy on Thursday, partly on an upbeat outlook for Bitcoin. “We think Bitcoin is on a long-term trajectory higher,” he writes, adding that it should drive an increase in Cash App usage and other metrics.</p><p><blockquote>古根海姆博物馆的杰夫·坎特威尔站在了这场辩论的对立面。周四，他将Square股票评级上调至买入，部分原因是比特币前景乐观。他写道：“我们认为比特币正处于长期走高的轨道上。”他补充说，这应该会推动现金应用程序使用量和其他指标的增加。</blockquote></p><p>He doesn’t see Bitcoin becoming a currency used for mainstream purchases anytime soon. But that’s beside the point, he notes, since Bitcoin is turning into “digital gold”—a store of value and an asset class. There are 50 million digital Bitcoin wallets globally, a large and growing user base, he notes. Square is doing its part to take Bitcoin mainstream.</p><p><blockquote>他认为比特币不会很快成为用于主流购买的货币。但他指出，这无关紧要，因为比特币正在变成“数字黄金”——一种价值储存手段和一种资产类别。他指出，全球有5000万个数字比特币钱包，用户群庞大且不断增长。Square正在尽自己的一份力量将比特币纳入主流。</blockquote></p><p>Cantwell sees Square stock hitting $288. Bitcoin may have to do its part for the stock to get there, too.</p><p><blockquote>Cantwell预计Square股价将达到288美元。比特币可能也必须尽自己的一份力量让股票达到这一目标。</blockquote></p><p></p>","source":"lsy1601382232898","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>Bitcoin May Be Weighing on Tech Stocks Again<blockquote>比特币可能再次打压科技股</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\">\nBitcoin May Be Weighing on Tech Stocks Again<blockquote>比特币可能再次打压科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-26 11:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.</p><p><blockquote>如果科技行业继续下滑，“归咎于比特币”可能会成为一个新的口号。</blockquote></p><p>Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-heavyNasdaq Compositeindex. The chip stock stands out because the company issueda strong earnings reportWednesday, including a lift from products related to Bitcoin and other cryptocurrencies.</p><p><blockquote>半导体制造商英伟达（股票代码：NVDA）在最近的交易中下跌8.2%，至532.3美元，以科技股为主的纳斯达克综合指数普遍暴跌。该芯片股之所以脱颖而出，是因为该公司周三发布了强劲的收益报告，其中包括比特币和其他加密货币相关产品的提振。</blockquote></p><p>Payments app&nbsp;Square(SQ), meanwhile, also continued its slide, down 4.3%, at $227.11. The company’srelatively strong&nbsp;earnings report on Tuesday included investments and operational gains from Bitcoin, and the firm said it plans to “double down” on the digital coin. That may be weighing on the stock, which is down nearly 20% in the last few sessions as&nbsp;Bitcoin prices have slumped.</p><p><blockquote>与此同时，支付应用Square(SQ)也继续下滑，下跌4.3%，至227.11美元。该公司周二发布的相对强劲的收益报告包括来自比特币的投资和运营收益，该公司表示计划“加倍投资”数字硬币。这可能会给该股带来压力，随着比特币股价暴跌，该股在过去几个交易日下跌了近20%。</blockquote></p><p>Tech is under pressure for other reasons: Steep valuations have made the sector vulnerable to weakness in company forecasts. Rising bond yields pose a threat by pressuring the present value of future cash flows. Big Tech is also a crowded trade that could be losing favor as investors look for more-cyclical exposure or sectors with lower valuations.</p><p><blockquote>科技股面临压力还有其他原因：估值过高使得该行业容易受到公司预测疲软的影响。债券收益率上升会给未来现金流的现值带来压力，从而构成威胁。大型科技公司也是一个拥挤的行业，随着投资者寻找更具周期性的投资或估值较低的行业，它可能会失去青睐。</blockquote></p><p>But the trading patterns in Nvidia, Square,Tesla(TSLA), and other stocks may also be a sign of Bitcoin’s growing influence. Companies are plowing capital into Bitcoin directly and related products and services, expanding exposure at a time when prices have skyrocketed more than 350% in the past year. Despite its recent slide, Bitcoin is still up 67% this year.</p><p><blockquote>但英伟达、Square、特斯拉(TSLA)和其他股票的交易模式也可能是比特币影响力日益增强的标志。公司正在将资本直接投入比特币以及相关产品和服务，在过去一年价格飙升超过350%之际扩大风险敞口。尽管最近有所下滑，但比特币今年仍上涨了67%。</blockquote></p><p>Crypto is&nbsp;certainly gathering momentum.Mastercard&nbsp;(MA) said this month that it would start supporting cryptocurrencies directly on its network, noting that many consumers are already using cards to buy crypto assets. But it would still be a stretch to turn Bitcoin into a viable currency for everyday purchases, a&nbsp;Mastercard&nbsp;executive noted at a conference on Thursday.</p><p><blockquote>加密货币无疑正在积聚动力。万事达卡（MA）本月表示，将开始直接在其网络上支持加密货币，并指出许多消费者已经在使用信用卡购买加密资产。但万事达卡高管在周四的一次会议上指出，将比特币变成一种可行的日常购物货币仍然是一个挑战。</blockquote></p><p>“Bitcoin doesn’t behave like a payment instrument,” said Mastercard Executive Vice Chair Ann Cairns, according to a&nbsp;report&nbsp;on MarketWatch. “It’s too volatile and it takes too long to transact.”</p><p><blockquote>据MarketWatch报道，万事达卡执行副主席安·凯恩斯(Ann Cairns)表示：“比特币的行为不像一种支付工具。”“波动性太大，交易时间太长。”</blockquote></p><p>Whether it becomes an asset class or payment instrument, the rise (and potential fall) of Bitcoin is ripping through corners of tech, banking, and other sectors.</p><p><blockquote>无论是成为一种资产类别还是支付工具，比特币的崛起（以及潜在的衰落）正在席卷科技、银行和其他行业。</blockquote></p><p>Nvidia, for instance, issued animpressiveearnings report, as<i>Barron’s</i>noted. But it’s also becoming more of a crypto play.</p><p><blockquote>例如，英伟达发布了一份令人印象深刻的收益报告，<i>巴伦周刊</i>注意到。但它也变得更像是一种加密游戏。</blockquote></p><p>The company said crypto may have had a $100 million to $300 million positive impact in the quarter. The firm is launching a new line of cryptocurrency mining processors, or CMPs, for professional crypto-mining.</p><p><blockquote>该公司表示，加密货币在本季度可能产生了1亿至3亿美元的积极影响。该公司正在推出一系列新的加密货币挖掘处理器（CMP），用于专业的加密挖掘。</blockquote></p><p>“Cryptocurrencies have recently started to be accepted by companies and financial institutions and show increased signs of staying power,” Nvidia told investors. Its new line of CMPs will give the firm more visibility into the contribution of crypto to revenue, the company added.</p><p><blockquote>英伟达告诉投资者：“加密货币最近开始被公司和金融机构接受，并显示出持久力的迹象。”该公司补充说，其新的CMP系列将使公司更好地了解加密货币对收入的贡献。</blockquote></p><p>Some analysts are questioning the sustainability of the trend.Piper Sandler’s Harsh Kumarreiterated an Overweight rating on the shares, for instance, but cautioned about Nvidia’s growing exposure to crypto.</p><p><blockquote>一些分析师质疑这一趋势的可持续性。例如，Piper Sandler的Harsh Kumar重申了跑赢大盘对该股的评级，但对英伟达对加密货币的敞口不断增加提出警告。</blockquote></p><p>“With cryptocurrency entering the picture again, the delineation between crypto and core gaming upside is blurred,” he writes. “We feel investors may question the sustainability of these trends, particularly given the cryptocurrency issues in the past.”</p><p><blockquote>“随着加密货币再次出现，加密货币和核心游戏优势之间的界限变得模糊，”他写道。“我们认为投资者可能会质疑这些趋势的可持续性，特别是考虑到过去的加密货币问题。”</blockquote></p><p>Payments app Square, as noted above, is also now squarely in the Bitcoin debate. While core business trends are looking healthy, investors may be concerned that Square is expanding into crypto as prices peak. The company purchased $170 million of Bitcoin in the quarter, on top of $50 million previously purchased, and is marketing its Cash App as a mechanism to buy, store, and eventually transact with the cryptocurrency.</p><p><blockquote>如上所述，支付应用Square现在也直接卷入了比特币的争论。虽然核心业务趋势看起来很健康，但投资者可能担心随着价格见顶，Square正在向加密领域扩张。该公司在之前购买了5000万美元的基础上，在本季度购买了1.7亿美元的比特币，并正在将其Cash应用程序作为购买、存储并最终交易加密货币的机制进行营销。</blockquote></p><p>Wall Street has mixed views on that idea. Competitors like&nbsp;PayPal Holdings(PYPL) are also plowing into Bitcoin, along with other “neobbank” competitors, notes&nbsp;JMP analyst David Scharf. That raises questions about the long-term “stickiness” of Cash App and whether its growth can be sustained.</p><p><blockquote>华尔街对这一想法看法不一。JMP分析师David Scharf指出，PayPal控股公司(PYPL)等竞争对手以及其他“新银行”竞争对手也在进军比特币。这引发了人们对Cash App长期“粘性”以及其增长能否持续的质疑。</blockquote></p><p>Indeed, Cash App now accounts for about half of Square’s gross profits, and the company is counting on Bitcoin to fuel demand. That is making Square stock a kind of derivative on Bitcoin; shares have been increasingly correlated to the price of Bitcoin over the past year, and the relationship may only be getting tighter.</p><p><blockquote>事实上，Cash App现在约占Square毛利润的一半，该公司指望比特币来刺激需求。这使得Square股票成为比特币的一种衍生品；过去一年，股价与比特币股价的相关性越来越大，而且这种关系可能只会变得越来越紧密。</blockquote></p><p>Square stock also may not be fully accounting for the volatility of Bitcoin, which has had several boom-bust cycles. At around 100 estimated 2022 Ebitda (earnings before interest, taxes, depreciation, and amortization), the stock looks fully valued, according to Scharf, who maintained a Market Perform rating.</p><p><blockquote>Square的股票也可能没有完全考虑到比特币的波动性，该公司已经经历了几个繁荣-萧条周期。Scharf表示，该股预计2022年Ebitda（息税折旧摊销前利润）约为100，看起来估值已充分，他维持了市场表现评级。</blockquote></p><p></p><p>Guggenheim’s Jeff Cantwell&nbsp;took the opposite side of that debate. He upgraded Square stock to a Buy on Thursday, partly on an upbeat outlook for Bitcoin. “We think Bitcoin is on a long-term trajectory higher,” he writes, adding that it should drive an increase in Cash App usage and other metrics.</p><p><blockquote>古根海姆博物馆的杰夫·坎特威尔站在了这场辩论的对立面。周四，他将Square股票评级上调至买入，部分原因是比特币前景乐观。他写道：“我们认为比特币正处于长期走高的轨道上。”他补充说，这应该会推动现金应用程序使用量和其他指标的增加。</blockquote></p><p>He doesn’t see Bitcoin becoming a currency used for mainstream purchases anytime soon. But that’s beside the point, he notes, since Bitcoin is turning into “digital gold”—a store of value and an asset class. There are 50 million digital Bitcoin wallets globally, a large and growing user base, he notes. Square is doing its part to take Bitcoin mainstream.</p><p><blockquote>他认为比特币不会很快成为用于主流购买的货币。但他指出，这无关紧要，因为比特币正在变成“数字黄金”——一种价值储存手段和一种资产类别。他指出，全球有5000万个数字比特币钱包，用户群庞大且不断增长。Square正在尽自己的一份力量将比特币纳入主流。</blockquote></p><p>Cantwell sees Square stock hitting $288. Bitcoin may have to do its part for the stock to get there, too.</p><p><blockquote>Cantwell预计Square股价将达到288美元。比特币可能也必须尽自己的一份力量让股票达到这一目标。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bitcoin-may-be-weighing-on-tech-stocks-again-investors-should-be-wary-51614284904?mod=hp_LEAD_2_B_1\">Barrons</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":{"GBTC":"比特币ETF-Grayscale",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","TSLA":"特斯拉","PYPL":"PayPal","NVDA":"英伟达",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/bitcoin-may-be-weighing-on-tech-stocks-again-investors-should-be-wary-51614284904?mod=hp_LEAD_2_B_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125238969","content_text":"“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-heavyNasdaq Compositeindex. The chip stock stands out because the company issueda strong earnings reportWednesday, including a lift from products related to Bitcoin and other cryptocurrencies.Payments app Square(SQ), meanwhile, also continued its slide, down 4.3%, at $227.11. The company’srelatively strong earnings report on Tuesday included investments and operational gains from Bitcoin, and the firm said it plans to “double down” on the digital coin. That may be weighing on the stock, which is down nearly 20% in the last few sessions as Bitcoin prices have slumped.Tech is under pressure for other reasons: Steep valuations have made the sector vulnerable to weakness in company forecasts. Rising bond yields pose a threat by pressuring the present value of future cash flows. Big Tech is also a crowded trade that could be losing favor as investors look for more-cyclical exposure or sectors with lower valuations.But the trading patterns in Nvidia, Square,Tesla(TSLA), and other stocks may also be a sign of Bitcoin’s growing influence. Companies are plowing capital into Bitcoin directly and related products and services, expanding exposure at a time when prices have skyrocketed more than 350% in the past year. Despite its recent slide, Bitcoin is still up 67% this year.Crypto is certainly gathering momentum.Mastercard (MA) said this month that it would start supporting cryptocurrencies directly on its network, noting that many consumers are already using cards to buy crypto assets. But it would still be a stretch to turn Bitcoin into a viable currency for everyday purchases, a Mastercard executive noted at a conference on Thursday.“Bitcoin doesn’t behave like a payment instrument,” said Mastercard Executive Vice Chair Ann Cairns, according to a report on MarketWatch. “It’s too volatile and it takes too long to transact.”Whether it becomes an asset class or payment instrument, the rise (and potential fall) of Bitcoin is ripping through corners of tech, banking, and other sectors.Nvidia, for instance, issued animpressiveearnings report, asBarron’snoted. But it’s also becoming more of a crypto play.The company said crypto may have had a $100 million to $300 million positive impact in the quarter. The firm is launching a new line of cryptocurrency mining processors, or CMPs, for professional crypto-mining.“Cryptocurrencies have recently started to be accepted by companies and financial institutions and show increased signs of staying power,” Nvidia told investors. Its new line of CMPs will give the firm more visibility into the contribution of crypto to revenue, the company added.Some analysts are questioning the sustainability of the trend.Piper Sandler’s Harsh Kumarreiterated an Overweight rating on the shares, for instance, but cautioned about Nvidia’s growing exposure to crypto.“With cryptocurrency entering the picture again, the delineation between crypto and core gaming upside is blurred,” he writes. “We feel investors may question the sustainability of these trends, particularly given the cryptocurrency issues in the past.”Payments app Square, as noted above, is also now squarely in the Bitcoin debate. While core business trends are looking healthy, investors may be concerned that Square is expanding into crypto as prices peak. The company purchased $170 million of Bitcoin in the quarter, on top of $50 million previously purchased, and is marketing its Cash App as a mechanism to buy, store, and eventually transact with the cryptocurrency.Wall Street has mixed views on that idea. Competitors like PayPal Holdings(PYPL) are also plowing into Bitcoin, along with other “neobbank” competitors, notes JMP analyst David Scharf. That raises questions about the long-term “stickiness” of Cash App and whether its growth can be sustained.Indeed, Cash App now accounts for about half of Square’s gross profits, and the company is counting on Bitcoin to fuel demand. That is making Square stock a kind of derivative on Bitcoin; shares have been increasingly correlated to the price of Bitcoin over the past year, and the relationship may only be getting tighter.Square stock also may not be fully accounting for the volatility of Bitcoin, which has had several boom-bust cycles. At around 100 estimated 2022 Ebitda (earnings before interest, taxes, depreciation, and amortization), the stock looks fully valued, according to Scharf, who maintained a Market Perform rating.Guggenheim’s Jeff Cantwell took the opposite side of that debate. He upgraded Square stock to a Buy on Thursday, partly on an upbeat outlook for Bitcoin. “We think Bitcoin is on a long-term trajectory higher,” he writes, adding that it should drive an increase in Cash App usage and other metrics.He doesn’t see Bitcoin becoming a currency used for mainstream purchases anytime soon. But that’s beside the point, he notes, since Bitcoin is turning into “digital gold”—a store of value and an asset class. There are 50 million digital Bitcoin wallets globally, a large and growing user base, he notes. Square is doing its part to take Bitcoin mainstream.Cantwell sees Square stock hitting $288. Bitcoin may have to do its part for the stock to get there, too.","news_type":1,"symbols_score_info":{"XBTmain":0.9,".DJI":0.9,"GBTC":0.9,".IXIC":0.9,"PYPL":0.9,".SPX":0.9,"SQ":0.9,"TSLA":0.9,"NVDA":0.9,"BTCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363368542,"gmtCreate":1614094570686,"gmtModify":1634551189042,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Another red day?","listText":"Another red day?","text":"Another red day?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363368542","repostId":"2113433151","repostType":2,"repost":{"id":"2113433151","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614090849,"share":"https://www.laohu8.com/m/news/2113433151?lang=zh_CN&edition=full","pubTime":"2021-02-23 22:34","market":"us","language":"en","title":"US STOCKS SNAPSHOT-Wall Street opens lower ahead of Powell speech<blockquote>美股快照——鲍威尔讲话前华尔街低开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2113433151","media":"Reuters","summary":"Feb 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday as investors sold off high-fly","content":"<p><html><body>Feb 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress.</p><p><blockquote><html><body>路透2月23日-华尔街主要股指周二低开，在美联储主席杰罗姆·鲍威尔在国会作证之前，投资者因估值担忧而抛售高速增长的股票。</body></html></blockquote></p><p>   The Dow Jones Industrial Average    fell 19.8 points, or 0.06%, at the open to 31501.89. The S&amp;P 500    fell 19.4 points, or 0.50%, to 3857.07, while the Nasdaq Composite</p><p><blockquote>道琼斯工业平均指数开盘下跌19.8点，跌幅0.06%，至31501.89点。标普500跌19.4点，或0.50%，报3857.07点；纳斯达克综合指数</blockquote></p><p>  dropped 270.4 points, or 2.00%, to 13262.607 at the opening bell.</p><p><blockquote>开盘跌270.4点，跌幅2.00%，报13262.607。</blockquote></p><p> (Reporting by Devik Jain in Bengaluru; Editing by Shinjini Ganguli)</p><p><blockquote>（Devik Jain班加罗尔报道；Shinjini Ganguli编辑）</blockquote></p><p>((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))</p><p><blockquote>（（Devik.Jain@thomsonreuters.com；美国境内+1 646 223 878 0；美国境外+91 80 618 2 206 2；；））</blockquote></p><p></body></html></p><p><blockquote></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>US STOCKS SNAPSHOT-Wall Street opens lower ahead of Powell speech<blockquote>美股快照——鲍威尔讲话前华尔街低开</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\">\nUS STOCKS SNAPSHOT-Wall Street opens lower ahead of Powell speech<blockquote>美股快照——鲍威尔讲话前华尔街低开</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-02-23 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Feb 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress.</p><p><blockquote><html><body>路透2月23日-华尔街主要股指周二低开，在美联储主席杰罗姆·鲍威尔在国会作证之前，投资者因估值担忧而抛售高速增长的股票。</body></html></blockquote></p><p>   The Dow Jones Industrial Average    fell 19.8 points, or 0.06%, at the open to 31501.89. The S&amp;P 500    fell 19.4 points, or 0.50%, to 3857.07, while the Nasdaq Composite</p><p><blockquote>道琼斯工业平均指数开盘下跌19.8点，跌幅0.06%，至31501.89点。标普500跌19.4点，或0.50%，报3857.07点；纳斯达克综合指数</blockquote></p><p>  dropped 270.4 points, or 2.00%, to 13262.607 at the opening bell.</p><p><blockquote>开盘跌270.4点，跌幅2.00%，报13262.607。</blockquote></p><p> (Reporting by Devik Jain in Bengaluru; Editing by Shinjini Ganguli)</p><p><blockquote>（Devik Jain班加罗尔报道；Shinjini Ganguli编辑）</blockquote></p><p>((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))</p><p><blockquote>（（Devik.Jain@thomsonreuters.com；美国境内+1 646 223 878 0；美国境外+91 80 618 2 206 2；；））</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSQ":"做空纳斯达克100指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","QQQ":"纳指100ETF","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113433151","content_text":"Feb 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress.   The Dow Jones Industrial Average    fell 19.8 points, or 0.06%, at the open to 31501.89. The S&P 500    fell 19.4 points, or 0.50%, to 3857.07, while the Nasdaq Composite  dropped 270.4 points, or 2.00%, to 13262.607 at the opening bell. (Reporting by Devik Jain in Bengaluru; Editing by Shinjini Ganguli)((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))","news_type":1,"symbols_score_info":{"DJX":0.6,"DXD":0.6,"QID":0.6,"TQQQ":0.6,".IXIC":0.9,".SPX":0.9,"PSQ":0.6,"DOG":0.6,".DJI":0.9,"QLD":0.6,"SDOW":0.6,"UDOW":0.6,"NQmain":0.6,"MNQmain":0.6,"QQQ":0.6,"SQQQ":0.6,"DDM":0.6}},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369908135,"gmtCreate":1613994447427,"gmtModify":1634551620985,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Roller coaster","listText":"Roller coaster","text":"Roller coaster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369908135","repostId":"1170294180","repostType":4,"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369901965,"gmtCreate":1613994375257,"gmtModify":1634551621588,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Red","listText":"Red","text":"Red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/369901965","repostId":"1157730634","repostType":4,"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":352024478,"gmtCreate":1616835738094,"gmtModify":1634523763626,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment &amp; like pls!","listText":"Comment &amp; like pls!","text":"Comment & like pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/352024478","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358845483,"gmtCreate":1616681869642,"gmtModify":1634524576227,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358845483","repostId":"1126422288","repostType":4,"repost":{"id":"1126422288","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":1616680822,"share":"https://www.laohu8.com/m/news/1126422288?lang=zh_CN&edition=full","pubTime":"2021-03-25 22:00","market":"us","language":"en","title":"Some “meme” stocks rebound<blockquote>部分“模因”股反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126422288","media":"Tiger Newspress","summary":"Some “meme” stocks rebound in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9","content":"<p>Some “meme” stocks rebound&nbsp;in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.</p><p><blockquote>一些“模因”股票在周四早盘交易中反弹。游戏驿站股价上涨11%，科斯股价上涨9%，AMC院线股价上涨6%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e175596fd8712309d527beb74accde6\" tg-width=\"374\" tg-height=\"662\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Some “meme” stocks rebound<blockquote>部分“模因”股反弹</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\">\nSome “meme” stocks rebound<blockquote>部分“模因”股反弹</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\">2021-03-25 22:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some “meme” stocks rebound&nbsp;in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.</p><p><blockquote>一些“模因”股票在周四早盘交易中反弹。游戏驿站股价上涨11%，科斯股价上涨9%，AMC院线股价上涨6%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2e175596fd8712309d527beb74accde6\" tg-width=\"374\" tg-height=\"662\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","KOSS":"高斯电子"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126422288","content_text":"Some “meme” stocks rebound in Thursday morning trading.The shares of GameStop is up 11%,Koss is up 9%,AMC Entertainment is up 6%.","news_type":1,"symbols_score_info":{"GME":0.9,"KOSS":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352108919,"gmtCreate":1616901679331,"gmtModify":1634523603591,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment and like pls","listText":"Comment and like pls","text":"Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352108919","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","kind":"news","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=zh_CN&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.<blockquote>特斯拉交付即将到来。它们比以往任何时候都重要。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-26 23:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p><p><blockquote>第一季度再过几天就结束了。这意味着汽车制造商的更多交付数据即将发布。对于投资者来说，这些数字将比平时更重要。原因很简单：全球汽车微芯片短缺正在扰乱整个汽车行业。</blockquote></p><p> Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p><p><blockquote>对于特斯拉（股票代码：TSLA）等估值高、高增长的公司来说，数字将更加重要。特斯拉投资者想要增长，而芯片形势正在挤压增长。通用汽车(GM)和福特汽车(F)最近都意外停工，并称芯片问题是2021年10亿美元利润的阻力。这不是投资者想听到的。</blockquote></p><p> Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p><p><blockquote>每个人都意识到了这个问题。尽管如此，当第一季度数据公布时，如果业绩弱于预期，投资者必须决定是否给特斯拉或任何其他快速增长的电动汽车制造商一个通行证。</blockquote></p><p> So far the market isn’t feeling charitable. But the sample size is only one stock.</p><p><blockquote>到目前为止，市场并不仁慈。但样本量只有一只股票。</blockquote></p><p> NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p><p><blockquote>电动汽车制造商蔚来（蔚来）将第一季度交付量指引从约20,250辆下调至约19,500辆，该公司股价在周五交易中下跌超过6%。蔚来管理层以芯片短缺为由，将从3月29日开始关闭一家制造工厂五天。</blockquote></p><p> For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p><p><blockquote>对于特斯拉，华尔街正在寻找3月份交付的约16.2万辆汽车。这低于峰值估计的约183,000辆。分析师似乎正在减少数量，可能是因为短缺。</blockquote></p><p> Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p><p><blockquote>特斯拉第四季度交付了约18.1万辆汽车。分析师预计2021年全年汽车交付量将接近80万辆，同比增长约60%。</blockquote></p><p> RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p><p><blockquote>RBC分析师Joe Spak预测第一季度交付量为17万辆，同比增长90%以上。他还预测，本季度特斯拉将在加州生产96,000辆汽车，在中国生产74,000辆汽车。斯帕克在周四的一份报告中写道：“共识[估计]看起来基本合理。”“我们确实在寻找最新消息，以了解semi短缺如何影响特斯拉——就像它对行业其他部门一样。”他认为，由于芯片的原因，预期存在一些额外的下行风险，尤其是第二季度的数据。</blockquote></p><p> Spak rates Tesla stock Hold and has a $725 price target for shares.</p><p><blockquote>Spak将特斯拉股票评级为持有，目标价为725美元。</blockquote></p><p> In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p><p><blockquote>就特斯拉股票而言，芯片短缺已经让位于利率上升。利率上升主要以两种方式影响成长型股票。首先，这使得增长的融资成本更高。蔚来尚未盈利。高增长公司的大部分现金流是在遥远的未来产生的。相对而言，当投资者今天可以用现金赚取更高的利率时，现金流的价值就会低一些。</blockquote></p><p> Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</p><p><blockquote>特斯拉股价在2020年上涨超过740%后，今年迄今已下跌约10%。周五早盘交易中，股价下跌0.9%，至634.40美元。标准普尔500指数上涨约0.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Barrons</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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356351539,"gmtCreate":1616758832121,"gmtModify":1634524156035,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/356351539","repostId":"2122473630","repostType":4,"repost":{"id":"2122473630","kind":"highlight","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":1616751900,"share":"https://www.laohu8.com/m/news/2122473630?lang=zh_CN&edition=full","pubTime":"2021-03-26 17:45","market":"us","language":"en","title":"RLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2122473630","media":"Tiger Newspress","summary":"BEIJING, March 26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYS","content":"<p>BEIJING, March&nbsp;26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.</p><p><blockquote>北京2021年3月26日电/美通社/--中国领先的品牌电子烟公司RLX科技公司（“RLX科技”或“公司”）（纽约证券交易所代码：RLX）今天公布了第四季度未经审计的财务业绩截至2020年12月31日的季度和财年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd48712f2965372dd71b1af347f0ab9c\" tg-width=\"828\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b><u>Fourth Quarter 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020年第四季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.</li><li><b>Gross margin</b>was 42.9%, compared to 39.1% in the third quarter of 2020.</li><li><b>Net loss</b>wasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>wasRMB419.3 million(US$64.3 million).</li></ul><table><tbody><tr><td>[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><ul><li><b>净收入</b>为16.185亿元人民币（2.480亿美元），较2020年第三季度的11.202亿元人民币增长44.5%。</li><li><b>毛利率</b>为42.9%，而2020年第三季度为39.1%。</li><li><b>净亏损</b>为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</li><li><b>非公认会计准则净利润[1]</b>为人民币4.193亿元（6430万美元）。</li></ul><table><tbody><tr><td>[1]非公认会计准则净（损失）/收入是一项非公认会计准则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020财年财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.</li><li><b>Gross margin</b>was 40.0% in fiscal year 2020, compared to 37.5% in the prior year.</li><li><b>Net loss</b>wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</li><li><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million).</li></ul>\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneering<i>Guardian Program,</i>introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of our<i>Sunflower System</i>, our&nbsp;technology-driven underage-access-prevention system. In addition, we continued to advance our<i>Golden Shield Program</i>in cooperation with the public, media and local authorities to combat sales of counterfeit products.\"</p><p><blockquote><ul><li><b>净收入</b>2020财年为人民币38.197亿元（5.854亿美元），较上年的人民币15.494亿元增长146.5%。</li><li><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</li><li><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</li><li><b>非公认会计准则净利润</b>为人民币8.01亿元（1.228亿美元）。</li></ul>“我们很高兴报告2020年第四季度的财务和运营业绩。在整个2020年，尽管面临COVID-19带来的挑战，我们的业务仍然保持弹性，我们的管理团队仍然专注于建立和加强悦刻作为值得信赖的品牌对于成年吸烟者来说，”RLX科技联合创始人、董事会主席兼首席执行官王英女士表示。“我们将继续坚持和实践我们的道德原则，包括通过我们的行业先锋促进防止未成年人使用我们的产品。”<i>守护者计划，</i>向行业介绍有效的年龄验证实践。第四季度亦见证了我们推出一周年<i>向日葵系统</i>，我们的技术驱动的未成年人访问预防系统。此外，我们持续推进<i>金盾计划</i>与公众、媒体和地方当局合作，打击假冒产品的销售。”</blockquote></p><p>\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment&nbsp;in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.</p><p><blockquote>“展望未来，我们计划进一步巩固我们的领导地位，努力继续投资于科学研究，增强我们的技术和产品开发，加强我们的分销和零售网络，增强我们的供应链和生产能力，并扩展我们的全球能力。这些战略举措旨在支持我们的长期增长，”王女士总结道。</blockquote></p><p><b><u>Closing of Initial Public Offering (\"IPO\")</u></b></p><p><blockquote><b><u>首次公开发售（“首次公开发售”）结束</u></b></blockquote></p><p>OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.</p><p><blockquote>2021年1月26日，公司完成了133,975,000股美国存托股份（“ADS”）的首次公开发行，每股代表一股A类普通股。于交割时已发行的美国存讬股数目包括根据包销商悉数行使超额配股权而发行的17,475,000股美国存讬股。以每股美国存托凭证12.00美元的公开发行价格计算，总发行规模为16.077亿美元。</blockquote></p><p><b><u>Fourth Quarter 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020年第四季度未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>从2020年第三季度的人民币11.202亿元增长44.5%至2020年第四季度的人民币16.185亿元（2.480亿美元）。该增加主要是由于向线下分销商销售的净收入增加，这主要归因于公司分销和零售网络的扩张。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 58.6% to&nbsp;RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第三季度的人民币4.375亿元增长58.6%至2020年第四季度的人民币6.941亿元（1.064亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.</p><p><blockquote><b>毛利率</b>2020年第四季度增至42.9%，而2020年第三季度为39.1%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0&nbsp;million in the third quarter of 2020.</p><p><blockquote><b>营业费用</b>2020年第四季度为8.526亿元人民币（1.307亿美元），较2020年第三季度的3.80亿元人民币增长124.4%。</blockquote></p><p><i>Selling expenses</i>increased by 127.0% to&nbsp;RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.</p><p><blockquote><i>销售费用</i>2020年第四季度的人民币1.967亿元，较2020年第三季度的人民币8,670万元增长127.0%至人民币1.967亿元（3,010万美元）。该增加主要由于(i)以股份为基础的薪酬开支增加及(ii)品牌材料开支增加所致。</blockquote></p><p></p><p><i>General and administrative expenses</i>&nbsp;increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.</p><p><blockquote><i>一般及行政开支</i>从2020年第三季度的人民币2.548亿元增长75.4%至2020年第四季度的人民币4.470亿元（6850万美元）。增加的主要原因是（i）以股份为基础的薪酬开支增加，及（ii）专业服务费增加。</blockquote></p><p><i>Research and development expenses</i>increased by 441.9% to&nbsp;RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.</p><p><blockquote><i>研发费用</i>从2020年第三季度的人民币3850万元增长441.9%至2020年第四季度的人民币2.089亿元（3200万美元）。这一增长主要是由于(i)以股份为基础的薪酬费用增加，以及(ii)软件和技术服务费用增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1&nbsp;million (US$100.6&nbsp;million) in the fourth quarter of 2020 andRMB238.2&nbsp;million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020年第四季度，在销售费用、一般和管理费用以及研发费用中确认的股权激励费用总计为人民币6.561亿元（1.006亿美元），2020年第三季度为人民币2.382亿元。该增加主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p><b>Loss from operations</b>&nbsp;wasRMB158.5&nbsp;million (US$24.3&nbsp;million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.</p><p><blockquote><b>经营亏损</b>2020年第四季度营业收入为人民币1.585亿元（2430万美元），而2020年第三季度营业收入为人民币5750万元。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB110.6&nbsp;million (US$17.0&nbsp;million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020年第四季度所得税费用为人民币1.106亿元（1700万美元），而2020年第三季度所得税费用为人民币7730万元，主要是由于应税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB236.7&nbsp;million (US$36.3&nbsp;million) in the fourth&nbsp;quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.</p><p><blockquote><b>净亏损</b>2020年第四季度净利润为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</blockquote></p><p><b>Non-GAAP&nbsp;net income</b>wasRMB419.3 million(US$64.3&nbsp;million) in the fourth&nbsp;quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020年第四季度为4.193亿元人民币（6430万美元）。</blockquote></p><p><b>Basic and diluted net loss per American depositary share (\"ADS\")</b>&nbsp;were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.</p><p><blockquote><b>每股美国存托股份（“美国存托股份”）基本及摊薄净亏损</b>2020年第四季度每股美国存托凭证的基本和摊薄净利润均为人民币0.165元（0.025美元），而2020年第三季度每股美国存托凭证的基本和摊薄净利润为人民币0.005元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS[2]</b>were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入[2]</b>2020年第四季度均为人民币0.292元（0.045美元），而2020年第三季度为人民币0.171元。</blockquote></p><p><table><tbody><tr><td>[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><table><tbody><tr><td>[2]非公认会计原则每股美国存托凭证基本和摊薄净（亏损）/收入是一项非公认会计原则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020财年未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 146.5% to&nbsp;RMB3,819.7&nbsp;million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4&nbsp;million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.</p><p><blockquote><b>净收入</b>2020财年的人民币38.197亿元（5.854亿美元）由上年的人民币15.494亿元增长146.5%至人民币38.197亿元（5.854亿美元）。该增长主要是由于向线下分销商销售的净收入增加所致。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 162.9% to&nbsp;RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.</p><p><blockquote><b>毛利</b>2020财年的人民币15.276亿元（2.341亿美元）由上年的人民币5.809亿元增长162.9%至人民币15.276亿元（2.341亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.</p><p><blockquote><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6&nbsp;million in the prior year.</p><p><blockquote><b>营业费用</b>2020财年为15.144亿元人民币（2.321亿美元），较上年的5.246亿元人民币增长188.7%。</blockquote></p><p><i>Selling expenses</i>increased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was&nbsp;primarilydue to (i)&nbsp;an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.</p><p><blockquote><i>销售费用</i>2020财年的收入从上年的3.594亿元人民币增长23.3%至4.432亿元人民币（6790万美元）。这一增长主要是由于（i）以股份为基础的薪酬费用增加，以及（ii）公司销售人员的工资和福利增加，但部分被公司关闭电商平台服务费用减少所抵消。2019年10月的公告，并停止与电商平台分销商的合作。</blockquote></p><p><i>General and administrative expenses</i>&nbsp;increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was&nbsp;primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.</p><p><blockquote><i>一般及行政开支</i>2020财年的收入从上年的人民币1.332亿元增长479.5%至人民币7.72亿元（1.183亿美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司一般和行政人员的工资和福利增加。</blockquote></p><p><i>Research and development expenses</i>increased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was&nbsp;primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.</p><p><blockquote><i>研发费用</i>2020财年的收入从上一年的人民币3,190万元增长837.2%至人民币2.993亿元（4,590万美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司研发人员的工资和福利增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020财年，销售费用、一般及管理费用以及研发费用中确认的股份补偿费用总额为人民币9.291亿元（1.424亿美元），上一年为人民币5270万元，主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p></p><p><b>Income from operations</b>decreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.</p><p><blockquote><b>营业收入</b>2020财年的收入由上年的人民币5640万元下降76.7%至人民币1310万元（200万美元）。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB230.5&nbsp;million (US$35.3&nbsp;million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9&nbsp;million in the prior year. The increase was&nbsp;primarilydue to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020财年为人民币2.305亿元（3530万美元），较上年的人民币2590万元增长789.3%。增加的主要原因是应纳税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</p><p><blockquote><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</blockquote></p><p><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million) in fiscal year 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020财年为人民币8.01亿元（1.228亿美元）。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>&nbsp;were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.</p><p><blockquote><b>每股美国存托股基本和摊薄净亏损</b>2020财年每股美国存托凭证基本和摊薄净利润均为人民币0.089元（0.014美元），而上一年每股美国存托凭证基本净利润和摊薄净利润为人民币0.033元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS</b>were bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入</b>2020财年每股美国存托凭证为0.557元人民币（0.085美元），而上一年为每股美国存托凭证0.070元人民币。</blockquote></p><p><b><u>Balance&nbsp;Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4&nbsp;million (US$524.4&nbsp;million), compared toRMB811.7 millionas ofDecember 31, 2019.</p><p><blockquote>截至2020年12月31日，公司的现金及现金等价物、限制性现金、短期银行存款和短期投资为人民币34.214亿元（5.244亿美元），而截至2019年12月31日为人民币8.117亿元。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin&nbsp;toremain steady.</p><p><blockquote>对于2021年第一季度，公司目前预计净收入将超过人民币23亿元，预计非公认会计准则净利润将超过人民币5.9亿元。公司的预期净利润还将包括基于股份的薪酬费用，这些费用取决于公司的股价，如果不付出不合理的努力就无法获得。该公司还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前市场状况，包括与COVID-19大流行相关的市场状况，反映了公司对市场和运营状况以及用户需求的初步估计，这些都可能发生变化。有关与前瞻性陈述相关的风险，请参阅本新闻稿中的“安全港声明”。</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>RLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</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\">\nRLX Technology's quarterly revenue jumps 44.5% QoQ<blockquote>RLX科技季度收入环比增长44.5%</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\">2021-03-26 17:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>BEIJING, March&nbsp;26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.</p><p><blockquote>北京2021年3月26日电/美通社/--中国领先的品牌电子烟公司RLX科技公司（“RLX科技”或“公司”）（纽约证券交易所代码：RLX）今天公布了第四季度未经审计的财务业绩截至2020年12月31日的季度和财年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd48712f2965372dd71b1af347f0ab9c\" tg-width=\"828\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b><u>Fourth Quarter 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020年第四季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.</li><li><b>Gross margin</b>was 42.9%, compared to 39.1% in the third quarter of 2020.</li><li><b>Net loss</b>wasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>wasRMB419.3 million(US$64.3 million).</li></ul><table><tbody><tr><td>[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><ul><li><b>净收入</b>为16.185亿元人民币（2.480亿美元），较2020年第三季度的11.202亿元人民币增长44.5%。</li><li><b>毛利率</b>为42.9%，而2020年第三季度为39.1%。</li><li><b>净亏损</b>为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</li><li><b>非公认会计准则净利润[1]</b>为人民币4.193亿元（6430万美元）。</li></ul><table><tbody><tr><td>[1]非公认会计准则净（损失）/收入是一项非公认会计准则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Financial Highlights</u></b></p><p><blockquote><b><u>2020财年财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b>wereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.</li><li><b>Gross margin</b>was 40.0% in fiscal year 2020, compared to 37.5% in the prior year.</li><li><b>Net loss</b>wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</li><li><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million).</li></ul>\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneering<i>Guardian Program,</i>introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of our<i>Sunflower System</i>, our&nbsp;technology-driven underage-access-prevention system. In addition, we continued to advance our<i>Golden Shield Program</i>in cooperation with the public, media and local authorities to combat sales of counterfeit products.\"</p><p><blockquote><ul><li><b>净收入</b>2020财年为人民币38.197亿元（5.854亿美元），较上年的人民币15.494亿元增长146.5%。</li><li><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</li><li><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</li><li><b>非公认会计准则净利润</b>为人民币8.01亿元（1.228亿美元）。</li></ul>“我们很高兴报告2020年第四季度的财务和运营业绩。在整个2020年，尽管面临COVID-19带来的挑战，我们的业务仍然保持弹性，我们的管理团队仍然专注于建立和加强悦刻作为值得信赖的品牌对于成年吸烟者来说，”RLX科技联合创始人、董事会主席兼首席执行官王英女士表示。“我们将继续坚持和实践我们的道德原则，包括通过我们的行业先锋促进防止未成年人使用我们的产品。”<i>守护者计划，</i>向行业介绍有效的年龄验证实践。第四季度亦见证了我们推出一周年<i>向日葵系统</i>，我们的技术驱动的未成年人访问预防系统。此外，我们持续推进<i>金盾计划</i>与公众、媒体和地方当局合作，打击假冒产品的销售。”</blockquote></p><p>\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment&nbsp;in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.</p><p><blockquote>“展望未来，我们计划进一步巩固我们的领导地位，努力继续投资于科学研究，增强我们的技术和产品开发，加强我们的分销和零售网络，增强我们的供应链和生产能力，并扩展我们的全球能力。这些战略举措旨在支持我们的长期增长，”王女士总结道。</blockquote></p><p><b><u>Closing of Initial Public Offering (\"IPO\")</u></b></p><p><blockquote><b><u>首次公开发售（“首次公开发售”）结束</u></b></blockquote></p><p>OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.</p><p><blockquote>2021年1月26日，公司完成了133,975,000股美国存托股份（“ADS”）的首次公开发行，每股代表一股A类普通股。于交割时已发行的美国存讬股数目包括根据包销商悉数行使超额配股权而发行的17,475,000股美国存讬股。以每股美国存托凭证12.00美元的公开发行价格计算，总发行规模为16.077亿美元。</blockquote></p><p><b><u>Fourth Quarter 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020年第四季度未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>从2020年第三季度的人民币11.202亿元增长44.5%至2020年第四季度的人民币16.185亿元（2.480亿美元）。该增加主要是由于向线下分销商销售的净收入增加，这主要归因于公司分销和零售网络的扩张。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 58.6% to&nbsp;RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第三季度的人民币4.375亿元增长58.6%至2020年第四季度的人民币6.941亿元（1.064亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.</p><p><blockquote><b>毛利率</b>2020年第四季度增至42.9%，而2020年第三季度为39.1%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0&nbsp;million in the third quarter of 2020.</p><p><blockquote><b>营业费用</b>2020年第四季度为8.526亿元人民币（1.307亿美元），较2020年第三季度的3.80亿元人民币增长124.4%。</blockquote></p><p><i>Selling expenses</i>increased by 127.0% to&nbsp;RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.</p><p><blockquote><i>销售费用</i>2020年第四季度的人民币1.967亿元，较2020年第三季度的人民币8,670万元增长127.0%至人民币1.967亿元（3,010万美元）。该增加主要由于(i)以股份为基础的薪酬开支增加及(ii)品牌材料开支增加所致。</blockquote></p><p></p><p><i>General and administrative expenses</i>&nbsp;increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.</p><p><blockquote><i>一般及行政开支</i>从2020年第三季度的人民币2.548亿元增长75.4%至2020年第四季度的人民币4.470亿元（6850万美元）。增加的主要原因是（i）以股份为基础的薪酬开支增加，及（ii）专业服务费增加。</blockquote></p><p><i>Research and development expenses</i>increased by 441.9% to&nbsp;RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.</p><p><blockquote><i>研发费用</i>从2020年第三季度的人民币3850万元增长441.9%至2020年第四季度的人民币2.089亿元（3200万美元）。这一增长主要是由于(i)以股份为基础的薪酬费用增加，以及(ii)软件和技术服务费用增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1&nbsp;million (US$100.6&nbsp;million) in the fourth quarter of 2020 andRMB238.2&nbsp;million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020年第四季度，在销售费用、一般和管理费用以及研发费用中确认的股权激励费用总计为人民币6.561亿元（1.006亿美元），2020年第三季度为人民币2.382亿元。该增加主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p><b>Loss from operations</b>&nbsp;wasRMB158.5&nbsp;million (US$24.3&nbsp;million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.</p><p><blockquote><b>经营亏损</b>2020年第四季度营业收入为人民币1.585亿元（2430万美元），而2020年第三季度营业收入为人民币5750万元。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB110.6&nbsp;million (US$17.0&nbsp;million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020年第四季度所得税费用为人民币1.106亿元（1700万美元），而2020年第三季度所得税费用为人民币7730万元，主要是由于应税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB236.7&nbsp;million (US$36.3&nbsp;million) in the fourth&nbsp;quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.</p><p><blockquote><b>净亏损</b>2020年第四季度净利润为人民币2.367亿元（3630万美元），而2020年第三季度净利润为人民币780万元。</blockquote></p><p><b>Non-GAAP&nbsp;net income</b>wasRMB419.3 million(US$64.3&nbsp;million) in the fourth&nbsp;quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020年第四季度为4.193亿元人民币（6430万美元）。</blockquote></p><p><b>Basic and diluted net loss per American depositary share (\"ADS\")</b>&nbsp;were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.</p><p><blockquote><b>每股美国存托股份（“美国存托股份”）基本及摊薄净亏损</b>2020年第四季度每股美国存托凭证的基本和摊薄净利润均为人民币0.165元（0.025美元），而2020年第三季度每股美国存托凭证的基本和摊薄净利润为人民币0.005元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS[2]</b>were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入[2]</b>2020年第四季度均为人民币0.292元（0.045美元），而2020年第三季度为人民币0.171元。</blockquote></p><p><table><tbody><tr><td>[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.</p><p><blockquote><table><tbody><tr><td>[2]非公认会计原则每股美国存托凭证基本和摊薄净（亏损）/收入是一项非公认会计原则财务指标。有关公司非GAAP财务指标的更多信息，请参阅本新闻稿末尾的“非GAAP财务指标”部分和标题为“未经审计的GAAP和非GAAP业绩调节表”的表格。</td></tr></tbody></table></blockquote></p><p></td></tr></tbody></table><b><u>Fiscal Year 2020 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2020财年未经审计的财务业绩</u></b></blockquote></p><p><b>Net revenues</b>&nbsp;increased by 146.5% to&nbsp;RMB3,819.7&nbsp;million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4&nbsp;million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.</p><p><blockquote><b>净收入</b>2020财年的人民币38.197亿元（5.854亿美元）由上年的人民币15.494亿元增长146.5%至人民币38.197亿元（5.854亿美元）。该增长主要是由于向线下分销商销售的净收入增加所致。</blockquote></p><p><b>Gross profit</b>&nbsp;increased by 162.9% to&nbsp;RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.</p><p><blockquote><b>毛利</b>2020财年的人民币15.276亿元（2.341亿美元）由上年的人民币5.809亿元增长162.9%至人民币15.276亿元（2.341亿美元）。</blockquote></p><p><b>Gross margin</b>&nbsp;was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.</p><p><blockquote><b>毛利率</b>2020财年为40.0%，而上年为37.5%。</blockquote></p><p><b>Operating expenses</b>&nbsp;wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6&nbsp;million in the prior year.</p><p><blockquote><b>营业费用</b>2020财年为15.144亿元人民币（2.321亿美元），较上年的5.246亿元人民币增长188.7%。</blockquote></p><p><i>Selling expenses</i>increased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was&nbsp;primarilydue to (i)&nbsp;an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.</p><p><blockquote><i>销售费用</i>2020财年的收入从上年的3.594亿元人民币增长23.3%至4.432亿元人民币（6790万美元）。这一增长主要是由于（i）以股份为基础的薪酬费用增加，以及（ii）公司销售人员的工资和福利增加，但部分被公司关闭电商平台服务费用减少所抵消。2019年10月的公告，并停止与电商平台分销商的合作。</blockquote></p><p><i>General and administrative expenses</i>&nbsp;increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was&nbsp;primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.</p><p><blockquote><i>一般及行政开支</i>2020财年的收入从上年的人民币1.332亿元增长479.5%至人民币7.72亿元（1.183亿美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司一般和行政人员的工资和福利增加。</blockquote></p><p><i>Research and development expenses</i>increased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was&nbsp;primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.</p><p><blockquote><i>研发费用</i>2020财年的收入从上一年的人民币3,190万元增长837.2%至人民币2.993亿元（4,590万美元）。增加的主要原因是（i）以股份为基础的薪酬费用增加，以及（ii）公司研发人员的工资和福利增加。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.</p><p><blockquote>2020财年，销售费用、一般及管理费用以及研发费用中确认的股份补偿费用总额为人民币9.291亿元（1.424亿美元），上一年为人民币5270万元，主要是由于Relx Inc.普通股公允价值增加。</blockquote></p><p></p><p><b>Income from operations</b>decreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.</p><p><blockquote><b>营业收入</b>2020财年的收入由上年的人民币5640万元下降76.7%至人民币1310万元（200万美元）。</blockquote></p><p><b>Income tax expense</b>&nbsp;wasRMB230.5&nbsp;million (US$35.3&nbsp;million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9&nbsp;million in the prior year. The increase was&nbsp;primarilydue to an increase in taxable income.</p><p><blockquote><b>所得税费用</b>2020财年为人民币2.305亿元（3530万美元），较上年的人民币2590万元增长789.3%。增加的主要原因是应纳税收入增加。</blockquote></p><p><b>Net loss</b>&nbsp;wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.</p><p><blockquote><b>净亏损</b>2020财年净利润为人民币1.281亿元（1960万美元），而上一年净利润为人民币4770万元。</blockquote></p><p><b>Non-GAAP net income</b>wasRMB801.0 million(US$122.8 million) in fiscal year 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2020财年为人民币8.01亿元（1.228亿美元）。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>&nbsp;were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.</p><p><blockquote><b>每股美国存托股基本和摊薄净亏损</b>2020财年每股美国存托凭证基本和摊薄净利润均为人民币0.089元（0.014美元），而上一年每股美国存托凭证基本净利润和摊薄净利润为人民币0.033元。</blockquote></p><p><b>Non-GAAP basic and diluted netincome&nbsp;per ADS</b>were bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.</p><p><blockquote><b>非GAAP每股美国存托凭证基本和摊薄净收入</b>2020财年每股美国存托凭证为0.557元人民币（0.085美元），而上一年为每股美国存托凭证0.070元人民币。</blockquote></p><p><b><u>Balance&nbsp;Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4&nbsp;million (US$524.4&nbsp;million), compared toRMB811.7 millionas ofDecember 31, 2019.</p><p><blockquote>截至2020年12月31日，公司的现金及现金等价物、限制性现金、短期银行存款和短期投资为人民币34.214亿元（5.244亿美元），而截至2019年12月31日为人民币8.117亿元。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin&nbsp;toremain steady.</p><p><blockquote>对于2021年第一季度，公司目前预计净收入将超过人民币23亿元，预计非公认会计准则净利润将超过人民币5.9亿元。公司的预期净利润还将包括基于股份的薪酬费用，这些费用取决于公司的股价，如果不付出不合理的努力就无法获得。该公司还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前市场状况，包括与COVID-19大流行相关的市场状况，反映了公司对市场和运营状况以及用户需求的初步估计，这些都可能发生变化。有关与前瞻性陈述相关的风险，请参阅本新闻稿中的“安全港声明”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RLX":"雾芯科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122473630","content_text":"BEIJING, March 26, 2021 /PRNewswire/ -- RLX Technology Inc. (\"RLX Technology\" or the \"Company\") (NYSE: RLX), a leading branded e-vapor company inChina, today announced its unaudited financial results for the fourth quarter and the fiscal year endedDecember 31, 2020.Fourth Quarter 2020 Financial HighlightsNet revenueswereRMB1,618.5 million(US$248.0 million), representing an increase of 44.5% fromRMB1,120.2 millionin the third quarter of 2020.Gross marginwas 42.9%, compared to 39.1% in the third quarter of 2020.Net losswasRMB236.7 million(US$36.3 million), compared with net income ofRMB7.8 millionin the third quarter of 2020.Non-GAAP net income[1]wasRMB419.3 million(US$64.3 million).[1]Non-GAAP net (loss)/income is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.Fiscal Year 2020 Financial HighlightsNet revenueswereRMB3,819.7 million(US$585.4 million) in fiscal year 2020, representing an increase of 146.5% fromRMB1,549.4 millionin the prior year.Gross marginwas 40.0% in fiscal year 2020, compared to 37.5% in the prior year.Net losswasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.Non-GAAP net incomewasRMB801.0 million(US$122.8 million).\"We are pleased to report financial and operational results for the fourth quarter of 2020. Throughout 2020, despite challenges stemming from COVID-19, our business remained resilient, and our management team maintained our focus on building and strengthening RELX as a trusted brand for adult smokers,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"We continue to consistently uphold and practice our ethical principles, including facilitating the prevention of underage use of our products through our industry pioneeringGuardian Program,introducing effective age-verification practices to the industry. This fourth quarter also witnessed the first anniversary of the launch of ourSunflower System, our technology-driven underage-access-prevention system. In addition, we continued to advance ourGolden Shield Programin cooperation with the public, media and local authorities to combat sales of counterfeit products.\"\"Looking forward, we plan to further solidify our leadership as we endeavor to continue investment in scientific research, enhance our technology and product development, strengthen our distribution and retail network, bolster supply chain and production capabilities, and extend our global capabilities. These strategic initiatives are designed to support our growth over the long-term,\" Ms. Wang concluded.Closing of Initial Public Offering (\"IPO\")OnJanuary 26, 2021, the Company completed the closing of its initial public offering of 133,975,000 American depositary shares (\"ADSs\"), each representing one Class A ordinary share. The number of ADSs issued at closing included 17,475,000 ADSs issued pursuant to the exercise in full of over-allotment option by the underwriters. At a price to the public ofUS$12.00per ADS, the total offering size wasUS$1,607.7 million.Fourth Quarter 2020 Unaudited Financial ResultsNet revenues increased by 44.5% toRMB1,618.5 million(US$248.0 million) in the fourth quarter of 2020 fromRMB1,120.2 millionin the third quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.Gross profit increased by 58.6% to RMB694.1 million (US$106.4 million) in the fourth quarter of 2020 fromRMB437.5 millionin the third quarter of 2020.Gross margin increased to 42.9% in the fourth quarter of 2020, compared to 39.1% in the third quarter of 2020.Operating expenses wereRMB852.6 million(US$130.7 million) in the fourth quarter of 2020, representing an increase of 124.4% fromRMB380.0 million in the third quarter of 2020.Selling expensesincreased by 127.0% to RMB196.7 million (US$30.1 million) in the fourth quarter of 2020 fromRMB86.7 millionin the third quarter of 2020. The increase was mainly driven by (i) an increase in share-based compensation expenses, and (ii) an increase in branding material expenses.General and administrative expenses increased by 75.4% toRMB447.0 million(US$68.5 million) in the fourth quarter of 2020 fromRMB254.8 millionin the third quarter of 2020. The increase wasprimarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in professional service fees.Research and development expensesincreased by 441.9% to RMB208.9 million (US$32.0 million) in the fourth quarter of 2020 fromRMB38.5 millionin the third quarter of 2020. The increase wasprimarilydriven by (i) an increase in share-based compensation expenses, and (ii) an increase in software and technical service expenses.Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB656.1 million (US$100.6 million) in the fourth quarter of 2020 andRMB238.2 million in the third quarter of 2020. The increase was primarily due to the increase in fair value of ordinary shares of Relx Inc.Loss from operations wasRMB158.5 million (US$24.3 million) in the fourth quarter of 2020, compared with income from operations ofRMB57.5 millionin the third quarter of 2020.Income tax expense wasRMB110.6 million (US$17.0 million) in the fourth quarter of 2020, compared with income tax expense ofRMB77.3 millionin the third quarter of 2020, primarily due to an increase in taxable income.Net loss wasRMB236.7 million (US$36.3 million) in the fourth quarter of 2020, compared with net income ofRMB7.8 millionin the third quarter of 2020.Non-GAAP net incomewasRMB419.3 million(US$64.3 million) in the fourth quarter of 2020.Basic and diluted net loss per American depositary share (\"ADS\") were bothRMB0.165(US$0.025)in the fourth quarter of 2020, compared to basic and diluted net income per ADS ofRMB0.005in the third quarter of 2020.Non-GAAP basic and diluted netincome per ADS[2]were bothRMB0.292(US$0.045)in the fourth quarter of 2020, compared toRMB0.171in the third quarter of 2020.[2]Non-GAAP basic and diluted net (loss)/income per ADS is a non-GAAP financial measure. For more information on the Company's non-GAAP financial measures, please see the section \"Non-GAAP Financial Measures\" and the table captioned \"Unaudited Reconciliation of GAAP and Non-GAAP Results\" set forth at the end of this press release.Fiscal Year 2020 Unaudited Financial ResultsNet revenues increased by 146.5% to RMB3,819.7 million (US$585.4 million) in fiscal year 2020 fromRMB1,549.4 million in the prior year. The increase was primary due to an increase in net revenues from sales to offline distributors.Gross profit increased by 162.9% to RMB1,527.6 million (US$234.1 million) in fiscal year 2020 fromRMB580.9 millionin the prior year.Gross margin was 40.0% in the fiscal year 2020, compared to 37.5% in the prior year.Operating expenses wereRMB1,514.4 million(US$232.1 million) in fiscal year 2020, representing an increase of 188.7% fromRMB524.6 million in the prior year.Selling expensesincreased by 23.3% toRMB443.2 million(US$67.9 million) in fiscal year 2020 fromRMB359.4 millionin the prior year. The increase was primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's selling personnel, partially offset by a decrease in e-commerce platform service expenses as the Company closed its stores on e-commerce platforms and ceased collaboration with e-commerce platform distributors in response to theOctober 2019Announcement.General and administrative expenses increased by 479.5% toRMB772.0 million(US$118.3 million) in fiscal year 2020 fromRMB133.2 millionin the prior year. The increase was primarilyattributable to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's general and administrative personnel.Research and development expensesincreased by 837.2% toRMB299.3 million(US$45.9 million) in fiscal year 2020 fromRMB31.9 millionin the prior year. The increase was primarilydue to (i) an increase in share-based compensation expenses, and (ii) an increase in salaries and welfare benefits to the Company's research and development personnel.Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB929.1 million(US$142.4 million) in fiscal year 2020 andRMB52.7 millionin the prior year, primarily due to the increase in fair value of ordinary shares of Relx Inc.Income from operationsdecreased by 76.7% toRMB13.1 million(US$2.0 million) in fiscal year 2020 fromRMB56.4 millionin the prior year.Income tax expense wasRMB230.5 million (US$35.3 million) in fiscal year 2020, representing an increase of 789.3% fromRMB25.9 million in the prior year. The increase was primarilydue to an increase in taxable income.Net loss wasRMB128.1 million(US$19.6 million) in fiscal year 2020, compared with net income ofRMB47.7 millionin the prior year.Non-GAAP net incomewasRMB801.0 million(US$122.8 million) in fiscal year 2020.Basic and diluted net loss per ADS were bothRMB0.089(US$0.014)in fiscal year 2020, compared to basic and diluted net income per ADS ofRMB0.033in the prior year.Non-GAAP basic and diluted netincome per ADSwere bothRMB0.557(US$0.085)in fiscal year 2020, compared toRMB0.070per ADS in the prior year.Balance SheetAs ofDecember 31, 2020, the Company had cash and cash equivalents, restricted cash, short-term bank deposits and short-term investments ofRMB3,421.4 million (US$524.4 million), compared toRMB811.7 millionas ofDecember 31, 2019.Business OutlookFor the first quarter of 2021, the Company currently expects net revenues to exceedRMB2,300 million, and expects non-GAAP net income to exceedRMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company also expects gross margin toremain steady.The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.","news_type":1,"symbols_score_info":{"RLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369901965,"gmtCreate":1613994375257,"gmtModify":1634551621588,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Red","listText":"Red","text":"Red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/369901965","repostId":"1157730634","repostType":4,"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324656713,"gmtCreate":1615990874132,"gmtModify":1703496076778,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324656713","repostId":"1128306547","repostType":4,"repost":{"id":"1128306547","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":1615988989,"share":"https://www.laohu8.com/m/news/1128306547?lang=zh_CN&edition=full","pubTime":"2021-03-17 21:49","market":"us","language":"en","title":"GameStop stock rose more than 10%<blockquote>游戏驿站股价涨超10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128306547","media":"Tiger Newspress","summary":"(March 17) GameStop stock rose more than 10%.Ahead of next week's earnings report, Telsey reiterates","content":"<p>(March 17)&nbsp;GameStop stock rose more than 10%.</p><p><blockquote>（3月17日）游戏驿站股票涨超10%。</blockquote></p><p>Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.</p><p><blockquote>在下周发布收益报告之前，特尔西重申了对游戏驿站的表现不佳评级，认为该公司尚未表现出财务成功。</blockquote></p><p>\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"</p><p><blockquote>“展望未来，游戏驿站应该受益于：1）新的游戏周期，当前新一代微软和索尼游戏机的需求超过了供应；2）与RC Ventures的协议和董事会更新；以及3）其健康的资产负债表，截至2020年第三季度末，净现金头寸为1.01亿美元。然而，该公司尚未在一个迅速转向数字化的行业中取得财务成功。”</blockquote></p><p>Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.</p><p><blockquote>说到游戏驿站的财报日，3月23日下午5:00的电话会议。是GME多头和空头的必听节目。</blockquote></p><p>Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.</p><p><blockquote>好奇的人想知道游戏驿站是否正在考虑发行新股以利用零售层面的火热需求，或者像美国银行建议的那样回购股票。</blockquote></p><p>Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.</p><p><blockquote>尽管海报-WSB/Reddit股票游戏驿站周二连续第二天下跌，使其有望创下一个多月来最糟糕的两天。</blockquote></p><p>This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.</p><p><blockquote>这一切都发生在关于散户投资和卖空的最新国会听证会之前。众议院金融服务委员会将继续调查1月底发生的模因股票轧空事件，召集七名专家证人就改革美国市场结构的提案发表意见。这可能有助于该系统避免类似事件重演，当时Robinhood(RBNHD)和其他零售经纪商限制购买热门股票，以应对清算所抵押品需求的激增。</blockquote></p><p><img src=\"https://static.tigerbbs.com/73faab6d55b37015a43acecf2920df83\" tg-width=\"685\" tg-height=\"479\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>GameStop stock rose more than 10%<blockquote>游戏驿站股价涨超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\">\nGameStop stock rose more than 10%<blockquote>游戏驿站股价涨超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\">2021-03-17 21:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 17)&nbsp;GameStop stock rose more than 10%.</p><p><blockquote>（3月17日）游戏驿站股票涨超10%。</blockquote></p><p>Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.</p><p><blockquote>在下周发布收益报告之前，特尔西重申了对游戏驿站的表现不佳评级，认为该公司尚未表现出财务成功。</blockquote></p><p>\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"</p><p><blockquote>“展望未来，游戏驿站应该受益于：1）新的游戏周期，当前新一代微软和索尼游戏机的需求超过了供应；2）与RC Ventures的协议和董事会更新；以及3）其健康的资产负债表，截至2020年第三季度末，净现金头寸为1.01亿美元。然而，该公司尚未在一个迅速转向数字化的行业中取得财务成功。”</blockquote></p><p>Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.</p><p><blockquote>说到游戏驿站的财报日，3月23日下午5:00的电话会议。是GME多头和空头的必听节目。</blockquote></p><p>Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.</p><p><blockquote>好奇的人想知道游戏驿站是否正在考虑发行新股以利用零售层面的火热需求，或者像美国银行建议的那样回购股票。</blockquote></p><p>Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.</p><p><blockquote>尽管海报-WSB/Reddit股票游戏驿站周二连续第二天下跌，使其有望创下一个多月来最糟糕的两天。</blockquote></p><p>This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.</p><p><blockquote>这一切都发生在关于散户投资和卖空的最新国会听证会之前。众议院金融服务委员会将继续调查1月底发生的模因股票轧空事件，召集七名专家证人就改革美国市场结构的提案发表意见。这可能有助于该系统避免类似事件重演，当时Robinhood(RBNHD)和其他零售经纪商限制购买热门股票，以应对清算所抵押品需求的激增。</blockquote></p><p><img src=\"https://static.tigerbbs.com/73faab6d55b37015a43acecf2920df83\" tg-width=\"685\" tg-height=\"479\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128306547","content_text":"(March 17) GameStop stock rose more than 10%.Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383767351,"gmtCreate":1612894356673,"gmtModify":1703766688585,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon!","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon!","text":"$Sundial Growers Inc.(SNDL)$to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383767351","isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340951140,"gmtCreate":1617333120180,"gmtModify":1634521368780,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Comment &amp; like pls","listText":"Comment &amp; like pls","text":"Comment & like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340951140","repostId":"1168930514","repostType":4,"repost":{"id":"1168930514","kind":"news","pubTimestamp":1617332876,"share":"https://www.laohu8.com/m/news/1168930514?lang=zh_CN&edition=full","pubTime":"2021-04-02 11:07","market":"us","language":"en","title":"Li Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168930514","media":"globenewswire","summary":"BEIJING, China, April 02, 2021  -- Li Auto Inc.  , an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to rob","content":"<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.</p><p><blockquote>中国北京，2021年4月2日（环球通讯社）——中国新能源汽车市场的创新者理想汽车公司（“理想汽车”或“公司”）（纳斯达克：LI）今天宣布，该公司2021年3月交付Li 4900辆，同比增长238.6%。这使得2021年第一季度的交付量达到12,579辆，同比增长334.4%。</blockquote></p><p>As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.</p><p><blockquote>截至2021年3月31日，公司在49个城市拥有65家零售店，在98个城市运营135家服务中心以及理想汽车授权的车身和喷漆店。为了应对Li One的强劲需求以及2022年及以后推出新车型的预期，理想汽车计划进一步加强其直销和服务网络。</blockquote></p><p><b>About Li Auto Inc.</b></p><p><blockquote><b>关于理想汽车公司。</b></blockquote></p><p>Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.</p><p><blockquote>理想汽车公司是中国新能源汽车市场的创新者。该公司设计、开发、制造和销售高端智能电动汽车。公司通过产品、技术、商业模式的创新，为家庭提供安全、便捷、精细化的产品和服务。理想汽车是国内成功实现增程式电动汽车商业化的先行者。其首款车型理想ONE是一款六座大型高级电动SUV，配备增程系统和前沿智能车载解决方案。该公司于2019年11月开始量产理想ONE，截至2020年12月31日已交付超过33,500辆理想ONE。该公司利用技术为用户创造价值。它将内部开发工作集中在其专有的增程系统、下一代电动汽车技术和智能汽车解决方案上。除了Li ONE之外，该公司还旨在通过开发新车（包括纯电动汽车和电动汽车）来扩大其产品线，以瞄准更广泛的消费者群体。</blockquote></p><p>For more information, please visit:<i>http://ir.lixiang.com</i>.</p><p><blockquote>欲了解更多信息，请访问：<i>http://ir.lixiang.com</i>.</blockquote></p><p></p>","source":"lsy1573717531661","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>Li Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</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\">\nLi Auto Inc. March 2021 Delivery Update<blockquote>理想汽车公司2021年3月交付更新</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">globenewswire</strong><span class=\"h-time small\">2021-04-02 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.</p><p><blockquote>中国北京，2021年4月2日（环球通讯社）——中国新能源汽车市场的创新者理想汽车公司（“理想汽车”或“公司”）（纳斯达克：LI）今天宣布，该公司2021年3月交付Li 4900辆，同比增长238.6%。这使得2021年第一季度的交付量达到12,579辆，同比增长334.4%。</blockquote></p><p>As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.</p><p><blockquote>截至2021年3月31日，公司在49个城市拥有65家零售店，在98个城市运营135家服务中心以及理想汽车授权的车身和喷漆店。为了应对Li One的强劲需求以及2022年及以后推出新车型的预期，理想汽车计划进一步加强其直销和服务网络。</blockquote></p><p><b>About Li Auto Inc.</b></p><p><blockquote><b>关于理想汽车公司。</b></blockquote></p><p>Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.</p><p><blockquote>理想汽车公司是中国新能源汽车市场的创新者。该公司设计、开发、制造和销售高端智能电动汽车。公司通过产品、技术、商业模式的创新，为家庭提供安全、便捷、精细化的产品和服务。理想汽车是国内成功实现增程式电动汽车商业化的先行者。其首款车型理想ONE是一款六座大型高级电动SUV，配备增程系统和前沿智能车载解决方案。该公司于2019年11月开始量产理想ONE，截至2020年12月31日已交付超过33,500辆理想ONE。该公司利用技术为用户创造价值。它将内部开发工作集中在其专有的增程系统、下一代电动汽车技术和智能汽车解决方案上。除了Li ONE之外，该公司还旨在通过开发新车（包括纯电动汽车和电动汽车）来扩大其产品线，以瞄准更广泛的消费者群体。</blockquote></p><p>For more information, please visit:<i>http://ir.lixiang.com</i>.</p><p><blockquote>欲了解更多信息，请访问：<i>http://ir.lixiang.com</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html\">globenewswire</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":{"LI":"理想汽车"},"source_url":"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168930514","content_text":"BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.About Li Auto Inc.Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.For more information, please visit:http://ir.lixiang.com.","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":1501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328705281,"gmtCreate":1615557719843,"gmtModify":1703490880407,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"EV!","listText":"EV!","text":"EV!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328705281","repostId":"2118912950","repostType":4,"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369900733,"gmtCreate":1613994285022,"gmtModify":1634551622270,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568670970452812","idStr":"3568670970452812"},"themes":[],"htmlText":"Red","listText":"Red","text":"Red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369900733","repostId":"1100241886","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}