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巴山新雨

巴山新雨

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IP属地：四川

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0勋章

2021-12-15

$中芯国际(00981)$中芯绝对见鬼了。

2021-07-27

$奈雪的茶(02150)$什么鬼？

2021-05-11

这宋姓人太令人作呕了.鄙视你。

抱歉，原内容已删除

2021-12-08

$中芯国际(00981)$愧对眼下行情，还要不要脸？

2021-07-20

$奈雪的茶(02150)$这是什么鬼茶？绝对TMD有毒！

2025-09-03

一7

东阳光药发布2025年度中期业绩创新研发与国际化积蓄长期动能

2025-05-02

。。。忒'。冫\：：。\\\

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2021-12-15

$中芯国际(00981)$始劲跌，等你退市的那一天。

2021-12-15

$中芯国际(00981)$灵异事件[流泪]

2021-07-06

龙头变蛇尾，愧对全国人民的热情和期待呀！

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\n\nTECH(00068.HK)发布公告，于2026年7月1日，董事会宣布，本公司根据首次公开发售后受限制股份单位计划的条款，向合资格人士授出113万份受限制股份单位(惟须获受限制股份单位承授人接纳)。</p>\n\n<a href=\"https://www.zhitongcaijing.com/immediately.html?type=ganggu\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00068":"群核科技","BK1109":"应用软件","BK1147":"投资银行业与经纪业"},"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2648191527","content_text":"【MANYCORE TECH(00068.HK)根据首次公开发售后受限制股份单位计划授出113万份受限制股份单位】智通财经APP讯，MANYCORE 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AI、具身智能这些方向都有布局，长期赛道是对的，就是短期业绩兑现慢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/578955696062768","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":474489427054656,"gmtCreate":1756873902365,"gmtModify":1756873904269,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"一7","listText":"一7","text":"一7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/474489427054656","repostId":"2564892380","repostType":2,"repost":{"id":"2564892380","kind":"news","pubTimestamp":1756711972,"share":"https://www.laohunote.com/m/news/2564892380?lang=zh_CN&edition=full","pubTime":"2025-09-01 15:32","market":"hk","language":"zh","title":"东阳光药发布2025年度中期业绩 创新研发与国际化积蓄长期动能","url":"https://stock-news.laohu8.com/highlight/detail?id=2564892380","media":"证券日报","summary":"本报讯（记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。","content":"<div>\n<p>本报讯 （记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202509013501022471.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","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>东阳光药发布2025年度中期业绩 创新研发与国际化积蓄长期动能</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{ 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left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n东阳光药发布2025年度中期业绩 创新研发与国际化积蓄长期动能\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-01 15:32 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202509013501022471.html><strong>证券日报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本报讯 （记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202509013501022471.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06887":"东阳光药","BK1191":"制药"},"source_url":"http://finance.eastmoney.com/a/202509013501022471.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2564892380","content_text":"本报讯 （记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定韧性，成为业绩压舱石。与此同时，创新药的放量势头与产品组合的优化趋势又逐步显现，成为东阳光药长期价值的重要支撑与提升引擎。　　公开资料显示，东阳光药围绕感染、慢病及肿瘤等核心领域，构建覆盖化学药及生物药完整生命周期的研发平台，拥有特异性抗体、小核酸、ADC、PROTAC等先进技术，并在AIDD等AI工具的加持下，形成覆盖药物全生命周期的研发能力。截至目前，东阳光药拥有150多款获批药物，已上市3款创新药，在研100款药物，其中49款为1类在研创新药物（1款即将上市，10款处于临床二、三期，多款管线具有“First in class”或“Best in class”潜力）。　　创新成果频出的同时，东阳光药持续不断将其推向临床与市场，使其更好地治病救人。8月7日，东阳光药吸收合并港股上市子公司宜昌东阳光长江药业股份有限公司（以下简称“东阳光长江药业”）以介绍方式登陆港交所主板，将自身研发能力与东阳光长江药业的全国销售网络深度整合，形成“研发—生产—销售”闭环，加速全球化运营。　　此外，截至目前，东阳光药拥有覆盖全国的产品销售及分销网络，建立起覆盖主流国际市场的全球销售网络。　　上述相关人士进一步透露，今年8月份，东阳光药完成销售架构调整，正式成立肝病专线商业化团队，旨在进一步推动其丙肝等创新药的商业化进程。　　东阳光药表示，公司将继续坚持创新驱动与国际化战略，持续专注抗感染、慢病和肿瘤赛道，推动更多创新管线进入临床和市场。随着核心产品放量、新兴管线进展和海外市场拓展，公司有望在周期波动中实现高质量可持续发展。（文章来源：证券日报）","news_type":1,"symbols_score_info":{"06887":1}},"isVote":1,"tweetType":1,"viewCount":2476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":430876842062152,"gmtCreate":1746170324056,"gmtModify":1746170326069,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"。。。忒'。冫\\：：。\\\\\\","listText":"。。。忒'。冫\\：：。\\\\\\","text":"。。。忒'。冫\\：：。\\\\\\","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/430876842062152","repostId":"1181703645","repostType":2,"repost":{"id":"1181703645","kind":"news","weMediaInfo":{"introduction":"个股异动一手消息解读","home_visible":1,"media_name":"异动解读","id":"1092702339","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1746120765,"share":"https://www.laohunote.com/m/news/1181703645?lang=zh_CN&edition=full","pubTime":"2025-05-02 01:32","market":"sg","language":"zh","title":"异动解读 | 优信盘中大涨12.15%，零售交易量暴增引发投资者热情","url":"https://stock-news.laohu8.com/highlight/detail?id=1181703645","media":"异动解读","summary":"二手车电商平台优信今日盘中股价大涨12.15%，引发市场广泛关注。该公司最新发布的财报显示，业务增长强劲，特别是在零售交易量方面取得显著进展。更值得注意的是，优信首次实现季度调整后EBITDA盈利，这一里程碑式的成就为公司2025年全年实现盈利奠定了坚实基础。财报还显示，优信2024年全年经调整后EBITDA亏损为8080万人民币，同比减亏近54%，反映出公司经营质量持续提升。","content":"<p>二手车电商平台优信（UXIN）今日盘中股价大涨12.15%，引发市场广泛关注。该公司最新发布的财报显示，业务增长强劲，特别是在零售交易量方面取得显著进展。</p>\n\n<p>根据公司发布的2024年财报，优信零售交易量同比大幅增长133.8%，展现了公司在二手车市场的强劲增长势头。更值得注意的是，优信首次实现季度调整后EBITDA盈利，这一里程碑式的成就为公司2025年全年实现盈利奠定了坚实基础。</p>\n\n<p>财报还显示，优信2024年全年经调整后EBITDA亏损为8080万人民币，同比减亏近54%，反映出公司经营质量持续提升。这些积极的财务指标无疑增强了投资者对优信未来发展前景的信心，推动了股价的强劲上涨。作为中国领先的二手车电商平台，优信的业务模式和市场定位似乎正在获得投资者的认可。</p>","source":"ai_movement_cn","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>异动解读 | 优信盘中大涨12.15%，零售交易量暴增引发投资者热情</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; 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style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">异动解读 </p>\n<p class=\"h-time\">2025-05-02 01:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>二手车电商平台优信（UXIN）今日盘中股价大涨12.15%，引发市场广泛关注。该公司最新发布的财报显示，业务增长强劲，特别是在零售交易量方面取得显著进展。</p>\n\n<p>根据公司发布的2024年财报，优信零售交易量同比大幅增长133.8%，展现了公司在二手车市场的强劲增长势头。更值得注意的是，优信首次实现季度调整后EBITDA盈利，这一里程碑式的成就为公司2025年全年实现盈利奠定了坚实基础。</p>\n\n<p>财报还显示，优信2024年全年经调整后EBITDA亏损为8080万人民币，同比减亏近54%，反映出公司经营质量持续提升。这些积极的财务指标无疑增强了投资者对优信未来发展前景的信心，推动了股价的强劲上涨。作为中国领先的二手车电商平台，优信的业务模式和市场定位似乎正在获得投资者的认可。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UXIN":"优信"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181703645","content_text":"二手车电商平台优信（UXIN）今日盘中股价大涨12.15%，引发市场广泛关注。该公司最新发布的财报显示，业务增长强劲，特别是在零售交易量方面取得显著进展。\n根据公司发布的2024年财报，优信零售交易量同比大幅增长133.8%，展现了公司在二手车市场的强劲增长势头。更值得注意的是，优信首次实现季度调整后EBITDA盈利，这一里程碑式的成就为公司2025年全年实现盈利奠定了坚实基础。\n财报还显示，优信2024年全年经调整后EBITDA亏损为8080万人民币，同比减亏近54%，反映出公司经营质量持续提升。这些积极的财务指标无疑增强了投资者对优信未来发展前景的信心，推动了股价的强劲上涨。作为中国领先的二手车电商平台，优信的业务模式和市场定位似乎正在获得投资者的认可。","news_type":1,"symbols_score_info":{"UXIN":1}},"isVote":1,"tweetType":1,"viewCount":4220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":393215672263080,"gmtCreate":1737038922860,"gmtModify":1737038924777,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/393215672263080","repostId":"2503968633","repostType":2,"isVote":1,"tweetType":1,"viewCount":2872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":293934187487280,"gmtCreate":1712791914162,"gmtModify":1712791915822,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/293934187487280","repostId":"2426496437","repostType":2,"isVote":1,"tweetType":1,"viewCount":3578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607436706,"gmtCreate":1639576934549,"gmtModify":1639576934549,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"<a 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17:57","market":"hk","language":"zh","title":"弃千万激励，元老出走，中芯国际还能挑起中国芯逆袭重任吗？","url":"https://stock-news.laohu8.com/highlight/detail?id=2149547603","media":"华商韬略","summary":"7月5日，中芯国际发布公告：公司核心技术人员吴金刚博士因个人原因辞职，且不再担任任何职务。今年5月20日公司公布的《2021年创板限制性股票激励计划》中芯国际多名高管在列，周子学、蒋尚义、赵海军、梁孟松均分到40万股，而“少壮派”吴金刚却只得16万股。中芯国际流失的岂止是高管。干不好“人事”，或许将成为阻碍中芯国际的重要因素。","content":"<html><body><article><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568322/0\"/><p><strong>文 | 华商韬略 王寒</strong></p><p><strong>一年内，<a href=\"https://laohu8.com/S/SMI\">中芯国际</a>第二次因人事问题上了热搜，<a href=\"https://laohu8.com/S/688981\">中芯国际</a>真干不成“人事”？</strong></p><p>7月5日，<a href=\"https://laohu8.com/S/00981\">中芯国际</a>发布公告：公司核心技术人员吴金刚博士因个人原因辞职，且不再担任任何职务。</p><p>消息一出，市场哗然。吴金刚实乃中芯国际的元老级人物，而且还是最为关键的技术研发岗。自2001年——也就是公司成立第二年起，吴金刚就加入中芯国际，一路从助理总监做到了技术研发副总裁。</p><p>在中芯国际，吴金刚主导推动N+1工艺修正，比14纳米功耗降低了57%、逻辑面积小了63%、SOC面积减少了55%，正好和7纳米芯片相当。凭借这一工艺，中芯国际有机会绕过了ASML的EUV光刻机，实现了7纳米芯片。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568331/0\"/><p>中芯国际，这家被视为中国半导体产业“芯希望”的公司，最引人关注部分，却是不同时期的人事斗争，而非技术突破。</p><p>在灵魂人物张汝京被张忠谋设计逼走，善于平衡的“定海神针”江上舟离世后，中芯国际一直被人事动荡干扰，造芯进程屡被波及，比如以CEO王宁国、COO杨士宁二人为首的斗争，以及背后股东的控制权争夺。</p><p>2020年末，中芯国际联席主席梁孟松突然向董事会致函提出离职，原因是在“毫无所悉的情况下，得知蒋尚义将出任公司副董事长一职”，<strong>表示自己没有得到应有的尊重和信任。</strong></p><p>梁孟松在<a href=\"https://laohu8.com/S/TSM\">台积电</a>率先研发130nm铜制程，打破了<a href=\"https://laohu8.com/S/IBM\">IBM</a>的技术霸权；在三星抢先攻克14nm制程，推动三星半导体迅速崛起。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568324/0\"/><p><strong>2017年加入中芯国际后，梁孟松带领团队完成了从28nm到7nm——共五个世代的技术开发，而5nm、3nm技术也将进入全面开发阶段。</strong></p><p>如果说，中芯在没有梁孟松之前，是一步一步走的话，有了梁孟松之后，等于直接开始了百米冲刺，三年走完了台积电十年的路。</p><p>但就这样一个股肱之臣，却差点被逼走了。</p><p><strong>按马云的话说，员工辞职了，一是钱给少了，二是心里受委屈了。于梁孟松，委屈可能大于钱少。</strong></p><p>梁孟松来中芯国际也根本不是为了钱。2020年年8月，美团CEO王兴在<a href=\"https://laohu8.com/S/WB\">微博</a>中透露，梁孟松先生将自己在中芯国际的所有薪水，全部捐给了国内某个教育基金做了公益。王兴称赞他说：“不为赚钱，就为了争一口气，牛！”</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568315/0\"/><p>蒋尚义的辈分、资历都比梁孟松高出一截，两人在台积电就有过节。在这种情况下，梁锦松能否持续主导研发大局，或许才是他最为关切的利益。</p><p>中芯国际当然不能放弃这员猛将，不仅把他年薪从34万美元提升至135万美元，还附赠了一套价值2000万的住宅作为安抚，离职风波才暂告平息。</p><p><strong>这次吴金刚出走，或将损失近千万<span>股权激励</span>和超两百万的年薪。是什么原因，让吴金刚将弃之不顾，铁了心要离职呢？</strong></p><p><strong>或许源于自己被轻视。</strong></p><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568320/0\"/><p>今年5月20日公司公布的《2021年创板限制性股票激励计划》中芯国际多名高管在列，周子学、蒋尚义、赵海军、梁孟松均分到40万股，而“少壮派”吴金刚却只得16万股。</p><p>“不患寡而患不均。”</p><p>有半导体产业内的网友表示，“吴博士在中芯国际呆的时间里，特别是近两三年，为了技术研发，几乎放弃了休假。这种心血付出，对于常人来说，是难以想象的。正是爱之深，才会恨之切。也许对于吴博士来说根本算不上痛恨，但是确实内心里非常的遗憾和不满，其实新闻链接里的股票配比，大家可以看得清清楚楚。技术大牛吴博士在核心管理层里是拿得最少的。这其实对于一个把自己所有精力都奉献给研发的人来说，内心里的不满可想而知。”</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13735568333/0\"/><p>中芯国际流失的岂止是高管。2018年中芯国际在上海、北京、深圳工厂的员工流失率分别为52.2%、25.7%、11.7%，整体流失率为22%，较同业均值高出1.3倍。 2019年员工整体流失率降低至17.5%。</p><p>反观台积电，近年的年度离职率一直在5%以下。</p><p><strong>干不好“人事”，或许将成为阻碍中芯国际的重要因素。</strong></p><p>——END——</p><p>欢迎关注【华商韬略】，识风云人物，读韬略传奇。</p><p><strong>版权所有，禁止私自转载！</strong></p><p><strong>部分图片来源于网络</strong></p><p><strong>如涉及侵权，请联系删除</strong></p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>弃千万激励，元老出走，中芯国际还能挑起中国芯逆袭重任吗？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n弃千万激励，元老出走，中芯国际还能挑起中国芯逆袭重任吗？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 17:57 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070618003779cf3786&s=b><strong>华商韬略</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文 | 华商韬略 王寒一年内，中芯国际第二次因人事问题上了热搜，中芯国际真干不成“人事”？7月5日，中芯国际发布公告：公司核心技术人员吴金刚博士因个人原因辞职，且不再担任任何职务。消息一出，市场哗然。吴金刚实乃中芯国际的元老级人物，而且还是最为关键的技术研发岗。自2001年——也就是公司成立第二年起，吴金刚就加入中芯国际，一路从助理总监做到了技术研发副总裁。在中芯国际，吴金刚主导推动N+1工艺修正...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070618003779cf3786&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/51fb9fb4bb9a78041d2403ab1f31481b","relate_stocks":{"688981":"中芯国际","00981":"中芯国际","SMI":"VanEck HIP Sustainable Muni ETF"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070618003779cf3786&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2149547603","content_text":"文 | 华商韬略 王寒一年内，中芯国际第二次因人事问题上了热搜，中芯国际真干不成“人事”？7月5日，中芯国际发布公告：公司核心技术人员吴金刚博士因个人原因辞职，且不再担任任何职务。消息一出，市场哗然。吴金刚实乃中芯国际的元老级人物，而且还是最为关键的技术研发岗。自2001年——也就是公司成立第二年起，吴金刚就加入中芯国际，一路从助理总监做到了技术研发副总裁。在中芯国际，吴金刚主导推动N+1工艺修正，比14纳米功耗降低了57%、逻辑面积小了63%、SOC面积减少了55%，正好和7纳米芯片相当。凭借这一工艺，中芯国际有机会绕过了ASML的EUV光刻机，实现了7纳米芯片。中芯国际，这家被视为中国半导体产业“芯希望”的公司，最引人关注部分，却是不同时期的人事斗争，而非技术突破。在灵魂人物张汝京被张忠谋设计逼走，善于平衡的“定海神针”江上舟离世后，中芯国际一直被人事动荡干扰，造芯进程屡被波及，比如以CEO王宁国、COO杨士宁二人为首的斗争，以及背后股东的控制权争夺。2020年末，中芯国际联席主席梁孟松突然向董事会致函提出离职，原因是在“毫无所悉的情况下，得知蒋尚义将出任公司副董事长一职”，表示自己没有得到应有的尊重和信任。梁孟松在台积电率先研发130nm铜制程，打破了IBM的技术霸权；在三星抢先攻克14nm制程，推动三星半导体迅速崛起。2017年加入中芯国际后，梁孟松带领团队完成了从28nm到7nm——共五个世代的技术开发，而5nm、3nm技术也将进入全面开发阶段。如果说，中芯在没有梁孟松之前，是一步一步走的话，有了梁孟松之后，等于直接开始了百米冲刺，三年走完了台积电十年的路。但就这样一个股肱之臣，却差点被逼走了。按马云的话说，员工辞职了，一是钱给少了，二是心里受委屈了。于梁孟松，委屈可能大于钱少。梁孟松来中芯国际也根本不是为了钱。2020年年8月，美团CEO王兴在微博中透露，梁孟松先生将自己在中芯国际的所有薪水，全部捐给了国内某个教育基金做了公益。王兴称赞他说：“不为赚钱，就为了争一口气，牛！”蒋尚义的辈分、资历都比梁孟松高出一截，两人在台积电就有过节。在这种情况下，梁锦松能否持续主导研发大局，或许才是他最为关切的利益。中芯国际当然不能放弃这员猛将，不仅把他年薪从34万美元提升至135万美元，还附赠了一套价值2000万的住宅作为安抚，离职风波才暂告平息。这次吴金刚出走，或将损失近千万股权激励和超两百万的年薪。是什么原因，让吴金刚将弃之不顾，铁了心要离职呢？或许源于自己被轻视。今年5月20日公司公布的《2021年创板限制性股票激励计划》中芯国际多名高管在列，周子学、蒋尚义、赵海军、梁孟松均分到40万股，而“少壮派”吴金刚却只得16万股。“不患寡而患不均。”有半导体产业内的网友表示，“吴博士在中芯国际呆的时间里，特别是近两三年，为了技术研发，几乎放弃了休假。这种心血付出，对于常人来说，是难以想象的。正是爱之深，才会恨之切。也许对于吴博士来说根本算不上痛恨，但是确实内心里非常的遗憾和不满，其实新闻链接里的股票配比，大家可以看得清清楚楚。技术大牛吴博士在核心管理层里是拿得最少的。这其实对于一个把自己所有精力都奉献给研发的人来说，内心里的不满可想而知。”中芯国际流失的岂止是高管。2018年中芯国际在上海、北京、深圳工厂的员工流失率分别为52.2%、25.7%、11.7%，整体流失率为22%，较同业均值高出1.3倍。 2019年员工整体流失率降低至17.5%。反观台积电，近年的年度离职率一直在5%以下。干不好“人事”，或许将成为阻碍中芯国际的重要因素。——END——欢迎关注【华商韬略】，识风云人物，读韬略传奇。版权所有，禁止私自转载！部分图片来源于网络如涉及侵权，请联系删除","news_type":1,"symbols_score_info":{"688981":1,"SMI":1,"00981":1}},"isVote":1,"tweetType":1,"viewCount":4621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":194007337,"gmtCreate":1621323144729,"gmtModify":1621323144729,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00981\">$中芯国际(00981)$</a>扶不起来的阿斗啊","listText":"<a href=\"https://laohu8.com/S/00981\">$中芯国际(00981)$</a>扶不起来的阿斗啊","text":"$中芯国际(00981)$扶不起来的阿斗啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194007337","isVote":1,"tweetType":1,"viewCount":2484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":199109641,"gmtCreate":1620689143883,"gmtModify":1620689143883,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"这宋姓人太令人作呕了.鄙视你。","listText":"这宋姓人太令人作呕了.鄙视你。","text":"这宋姓人太令人作呕了.鄙视你。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199109641","repostId":"1108301559","repostType":4,"isVote":1,"tweetType":1,"viewCount":1895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":378862738,"gmtCreate":1619016306124,"gmtModify":1619016306124,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"讲的很精辟，也很全面。","listText":"讲的很精辟，也很全面。","text":"讲的很精辟，也很全面。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378862738","repostId":"2129871712","repostType":4,"repost":{"id":"2129871712","kind":"highlight","pubTimestamp":1619010672,"share":"https://www.laohunote.com/m/news/2129871712?lang=zh_CN&edition=full","pubTime":"2021-04-21 21:11","market":"sh","language":"zh","title":"自动驾驶需要一场泡沫","url":"https://stock-news.laohu8.com/highlight/detail?id=2129871712","media":"格隆汇","summary":"多一份冷静好。","content":"<p>一个行业有“钱景”，必然引发一阵“骚乱”。</p>\n<p>十年前是<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>手机，现在是智能汽车。作为智能汽车最引人注目的应用，自动驾驶无疑最能撩拨产业界的神经。现在，除了<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>、Google、<a href=\"https://laohu8.com/S/BIDU\">百度</a>这些先行者，连华为也进来了，并放出要吊打<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>的豪言。</p>\n<p>吊不吊打特斯拉有待验证，但是华为带来的自动驾驶首先在股市牵起一阵热潮。多个概念股相继涨停。</p>\n<p><img src=\"https://static.tigerbbs.com/e90c8e408a27094af0ec585715f7e80c\" tg-width=\"751\" tg-height=\"391\" referrerpolicy=\"no-referrer\"></p>\n<p><b>从产业前景看，自动驾驶是星辰大海，但是从资本投入来看，它也可能成为吞噬一切的黑洞。</b></p>\n<h3>1</h3>\n<h3><b>双寡头还是百家争鸣？</b></h3>\n<p>计算机革命开启了电子业硬件、软件各自独立又相互依存的格局，智能手机承载了这个衣钵，到现在的智能汽车，很自然会照葫芦画瓢。</p>\n<p>于是，在自动驾驶系统上，出现类似<a href=\"https://laohu8.com/S/AAPL\">苹果</a>封闭IOS系统和Google开放安卓系统的局面，代表有特斯拉FSD和Google Waymo。</p>\n<p><img src=\"https://static.tigerbbs.com/4814e0363c668a26061448ae4aa6a3fd\" tg-width=\"830\" tg-height=\"225\" referrerpolicy=\"no-referrer\"></p>\n<p>但是，和手机操作系统稳定的双寡头格局不同的是，除了特斯拉和Google，还有很多其他的参与者，软硬件通吃的厂商就有通用、小鹏，<a href=\"https://laohu8.com/S/BIDU\">百度</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>也说要造车，软件厂商就更多了，名气大如华为，小一点的有Pony.ai、Nuro.ai、图森未来等，图森未来更成为首家登陆美股的自动驾驶软件厂商。</p>\n<p><b>所以，有人提出自动驾驶不应该只有“IOS”和“安卓”，而是百家争鸣的局面。</b></p>\n<p>这种说法也不是没有道理，从理论上讲，智能手机操作系统只需要搭建基础的框架，其他的应用有待开发者去完善，之后再形成完善的生态系统。</p>\n<p>开发者不需要是操作系统公司，可以是第三方公司，觉得哪些功能有需求，就自己在源代码的基础上开发APP，这就类似于政府把地块整理好，把自己应该承担的基础设施建设好，然后供地产商在上面建住宅也好，建商场也行，建厂房、建写字楼都行，最终形成完善的城市设施。</p>\n<p>而且，手机的应用场景非常多，金融的、购物的、社交的、娱乐的，全都给操作系统公司做，等于城市的所有设施都让政府建，这将相当费劲和相当低效，倒不如把这些任务交给第三方开发者，同时让他们分享成果，一旦和众多的开发者、用户绑定在一起，就很容易形成垄断优势，新进入的操作系统就很难有生存空间。</p>\n<p><b>这是妥妥的三赢。</b></p>\n<p>但是，自动驾驶系统不一样，作为用户，你总不能拿到一个“裸系统”，然后再自己去安装刹车APP、方向盘APP、自动泊车APP吧，这得是多差的用户体验？要是忘记安装哪个APP，是不是意味着自动驾驶不了了？更要命的是，忘了装刹车APP就开自动上路，万一该刹车时不刹，那不等于拿人命开玩笑？</p>\n<p><img src=\"https://static.tigerbbs.com/eb1e4e0bea9f608af01271f29b74384f\" tg-width=\"830\" tg-height=\"376\" referrerpolicy=\"no-referrer\"></p>\n<p>换句话说，<b>开发商给到用户的，不应该是一个仅仅整理好的“地块”，也不应该只建了部分基础设施的“地块”，而应该是一座具备完善设施的“城市”。</b>所以，自动驾驶系统一出来就应该是完善的，不能缺胳膊少腿，也不能寄希望于由第三方去完善，除非是一些非关键性的、加强体验性质的东西。</p>\n<p>另外，自动驾驶系统的功能相对单一，只是替代人去开车，不像手机有着太宽泛的应用，所以开发商本身也应该具备提供完善自动驾驶系统解决方案的能力。</p>\n<p>当然，作为开发商，在开发模式上，可以先做好基础架构，然后允许第三方开发者在上面添砖加瓦，事实上，百度就是这么做的，Apollo平台已经聚集了超过4.5万的开发者，这些做法并不矛盾，因为只要交付的是完善的系统方案即可。</p>\n<p>这么看来，自动驾驶系统好像真没必要一家或者两家独大，百家争鸣可能更有利于竞争，最终让消费者获益。相信这个逻辑也影响着众多入局自动驾驶的公司，给了他们前赴后继的勇气。</p>\n<p>事情果真如此吗？</p>\n<h3>2</h3>\n<h3><b>百家争鸣真的可以实现？</b></h3>\n<p>商业社会，<b>质量、成本、效率</b>是永远绕不开的“三角关系”。</p>\n<p>谁都希望得到“双高一低”--高质量、高效率同时低成本，但实际情况，<b>这是“不可能三角”，顶多只能得到其中两个。</b>把这个框架放在自动驾驶的百家争鸣上，冲突就随之而来。</p>\n<p>不同开发商的人才、资金、技术储备、开发效率都不一样，都来做这个事，重复开发不说，对各种资源的消耗，以及有可能出现的恶性竞争，显然和低成本背道而驰；即使每个开发商都能做出一样的质量、一样的成本，效率上也会有快慢，资金充足、人才丰富的会快一点，相反就有可能会慢一点；而如果既要高质量，又要高效率，那就得比拼谁的钱多，不同开发商手头的资金、融资能力、融资成本也是千差万别。</p>\n<p><b>不管从哪个角度看，都是既要又要还要的事，所以理论上不应该存在过多的自动驾驶系统开发商。</b></p>\n<p>只是，从开发商的角度，看法可能完全相反。</p>\n<p>在智能汽车最重要的应用场景，没有厂商希望自己变成局外人，如果在这场竞赛中能够最终获胜，那都是白花花的银子，这是相当有诱惑力的事情。往更长远的方向讲，传统造车有可能因为拥有自动驾驶开发能力，在汽车业的淘汰赛中占据主动，新势力也一样，软件公司则因为自动驾驶而开辟了新的蓝海。</p>\n<p>而且，现在新兴的产业机会并不多，好不容易等来了汽车业百年未有之大变局，当然要去搏杀，一开始就作壁上观，看着大好机会白白溜走，不是件好受的事。</p>\n<p>何况，现在才刚开战，胜负未分，敢于入场厮杀的公司，都不是吃素的，论资金、论人才、论技术储备，虽有差异，但说不上谁一定赢，谁一定输。既然如此，早早就退出，将市场拱手让人，这不是做生意应该有的姿态，即使最后战死，也好过一开始就做逃兵。</p>\n<p>公说公有理，婆说婆有理，最后只有交给市场。</p>\n<p>展望未来，从参与者的角度看，因为<a href=\"https://laohu8.com/S/YJ\">云集</a>了太多开发商，自动驾驶市场将会非常热闹；从竞争的角度看，自动驾驶市场将上演残酷的厮杀；从路径发展上看，很可能是大佬入局--资本砸钱--泡沫催化--泡沫形成--泡沫破灭--涅槃重生。</p>\n<p><b>自动驾驶需要一场泡沫，也应该有一场泡沫。</b></p>\n<p>从资本的角度看，自动驾驶大概率会先来一场资本盛宴，然后演变成一场资本泡沫，最后泡沫破灭之后，走出了真正的强者。</p>\n<p><b>对于国家、产业、消费者和最后走出的强者，这场泡沫是“白洞”，因为它造就了百年汽车最重大的革命；而对于因此而倒下的开发商和资本方，这场泡沫将是巨大的“黑洞”，吞噬一切。</b></p>\n<h3>3</h3>\n<h3><b>作为投资者，应该干嘛？</b></h3>\n<p>言归投资，要避免掉进“黑洞”，就需要寻找产业链里最有价值的东西，有两个值得重点跟进。</p>\n<p>第一，<b>AI芯片和算法</b>，现在的竞争格局，基本成了巨头们的角力场，而且都是两者通吃，特斯拉有FSD芯片和算法，百度有昆仑芯片和Apollo，华为有麒麟芯片和鸿蒙，连小鹏也说要自研芯片，和自己的NGP形成呼应。所以，不管软件公司还是整车厂，如果没有足够实力同时拿下芯片和算法，却要声称自研自动驾驶系统，这类公司很可能掉队。</p>\n<p>当然，对于整车厂而言，并非个个都要自己做自动驾驶系统，可以选择购买其他软件厂商的系统，自己则专注于整车设计、生产、基建、营销、售后等环节，也不失为好的策略。</p>\n<p>自动驾驶的研发是烧钱的活儿，AI芯片和算法人才也都非常紧缺，巨头们都在第一时间锁住人才，论财力，巨头们也不缺。如果后面才介入，基本连汤都难喝到。</p>\n<p>所以，押注这个领域，除了巨头，貌似也没其他选择了。</p>\n<p>第二，<b>激光雷达</b>，“格隆汇研究”公众号在前期的文章《激光雷达，自动驾驶赛道的新宠儿》做过专门的分析，这里不再赘述。</p>\n<p><img src=\"https://static.tigerbbs.com/c9ef019c47d40b874ba2dc071fa8f576\" tg-width=\"831\" tg-height=\"341\" referrerpolicy=\"no-referrer\">只讲一个最简单的底层逻辑，自动驾驶是人命关天的大事，对行驶过程中周遭的环境感知必须非常灵敏、精准和全面，而激光雷达这方面有着天然优势，远比摄像头、超声波雷达、毫米波雷达要牛。此前，激光雷达因为价格过万而被质疑商业化能力，现在华为已经成功将成本降到几百块的“白菜价”，量产障碍扫除，按照中国人做生意的脾性，后面会陆陆续续出现更多的激光雷达厂家。</p>\n<p>如果觉得这两个赛道太拥挤，也可以寻找一些细分领域有亮点公司，比如<b>专注做卡车自动驾驶系统的开发商</b>，这个领域有意思的地方在于，卡车的行驶场景和路线可以相对简单、固定，比如点对点的高速公路货运、港口装卸区的来回、工厂区的货物上下，这些地方容易实现人车分离，在港口区或者工厂区建空中行人区，人和车在空间上完全隔离，车上就没必要坐人，车撞人的概率就可以极大地降低。即使车撞上了，损失的是货物，不至于死人，因为人命才值钱。</p>\n<p><img src=\"https://static.tigerbbs.com/5086df362e7f1465bf4f44805d8d61de\" tg-width=\"831\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p>\n<p>这些公司的领导人懂得，和巨头拼资金、拼人才，不一定拼得过，所以不如选择差异化路线，深入挖掘一下巨头暂时忽略的细分领域，开发难度、开发成本、竞争压力会相对低一些。退一万步讲，即使哪天巨头们后知后觉，要大举杀入的时候，自己还可以凭借长期的积累，保留被巨头收编的资格。</p>\n<h3>4</h3>\n<h3><b>结语</b></h3>\n<p>自动驾驶的出现，实现汽车业过去一百年都没能实现的事情，这是足够大的生意，也是足够大、足够多的投资机会。</p>\n<p><b>但是，这些赛道仍然有很多等待突破的东西，有许多需要商业化落地和检验的东西，在这些东西没有明朗化之前，投资的坑是非常多的，借信息不对称，借投资者不明就里的时间窗口，趁机割韭菜的人，多的是。</b></p>\n<p>对于投资者而言，如果有能力在早期就看透底层逻辑，发掘到投资机会，可以大胆押注；等到形势明朗化，出现向上拐点，或者出现爆发迹象之时，再押注，也不会晚；在狂热期，泡沫吹大之时，有能力跟随泡沫起舞的，也不失为押注时机，但如果没有能力急流勇退，还是多一份冷静好。</p>\n<p><b>现在，也正需要这样一份冷静。</b></p>","source":"gelonghui_highlight","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>自动驾驶需要一场泡沫</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n自动驾驶需要一场泡沫\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 21:11 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.gelonghui.com/p/461708><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>一个行业有“钱景”，必然引发一阵“骚乱”。\n十年前是智能手机，现在是智能汽车。作为智能汽车最引人注目的应用，自动驾驶无疑最能撩拨产业界的神经。现在，除了特斯拉、Google、百度这些先行者，连华为也进来了，并放出要吊打特斯拉的豪言。\n吊不吊打特斯拉有待验证，但是华为带来的自动驾驶首先在股市牵起一阵热潮。多个概念股相继涨停。\n\n从产业前景看，自动驾驶是星辰大海，但是从资本投入来看，它也可能成为吞噬...</p>\n\n<a href=\"http://www.gelonghui.com/p/461708\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e90c8e408a27094af0ec585715f7e80c","relate_stocks":{"BIDU":"百度","TSLA":"特斯拉","GOOG":"谷歌"},"source_url":"http://www.gelonghui.com/p/461708","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2129871712","content_text":"一个行业有“钱景”，必然引发一阵“骚乱”。\n十年前是智能手机，现在是智能汽车。作为智能汽车最引人注目的应用，自动驾驶无疑最能撩拨产业界的神经。现在，除了特斯拉、Google、百度这些先行者，连华为也进来了，并放出要吊打特斯拉的豪言。\n吊不吊打特斯拉有待验证，但是华为带来的自动驾驶首先在股市牵起一阵热潮。多个概念股相继涨停。\n\n从产业前景看，自动驾驶是星辰大海，但是从资本投入来看，它也可能成为吞噬一切的黑洞。\n1\n双寡头还是百家争鸣？\n计算机革命开启了电子业硬件、软件各自独立又相互依存的格局，智能手机承载了这个衣钵，到现在的智能汽车，很自然会照葫芦画瓢。\n于是，在自动驾驶系统上，出现类似苹果封闭IOS系统和Google开放安卓系统的局面，代表有特斯拉FSD和Google Waymo。\n\n但是，和手机操作系统稳定的双寡头格局不同的是，除了特斯拉和Google，还有很多其他的参与者，软硬件通吃的厂商就有通用、小鹏，百度、苹果也说要造车，软件厂商就更多了，名气大如华为，小一点的有Pony.ai、Nuro.ai、图森未来等，图森未来更成为首家登陆美股的自动驾驶软件厂商。\n所以，有人提出自动驾驶不应该只有“IOS”和“安卓”，而是百家争鸣的局面。\n这种说法也不是没有道理，从理论上讲，智能手机操作系统只需要搭建基础的框架，其他的应用有待开发者去完善，之后再形成完善的生态系统。\n开发者不需要是操作系统公司，可以是第三方公司，觉得哪些功能有需求，就自己在源代码的基础上开发APP，这就类似于政府把地块整理好，把自己应该承担的基础设施建设好，然后供地产商在上面建住宅也好，建商场也行，建厂房、建写字楼都行，最终形成完善的城市设施。\n而且，手机的应用场景非常多，金融的、购物的、社交的、娱乐的，全都给操作系统公司做，等于城市的所有设施都让政府建，这将相当费劲和相当低效，倒不如把这些任务交给第三方开发者，同时让他们分享成果，一旦和众多的开发者、用户绑定在一起，就很容易形成垄断优势，新进入的操作系统就很难有生存空间。\n这是妥妥的三赢。\n但是，自动驾驶系统不一样，作为用户，你总不能拿到一个“裸系统”，然后再自己去安装刹车APP、方向盘APP、自动泊车APP吧，这得是多差的用户体验？要是忘记安装哪个APP，是不是意味着自动驾驶不了了？更要命的是，忘了装刹车APP就开自动上路，万一该刹车时不刹，那不等于拿人命开玩笑？\n\n换句话说，开发商给到用户的，不应该是一个仅仅整理好的“地块”，也不应该只建了部分基础设施的“地块”，而应该是一座具备完善设施的“城市”。所以，自动驾驶系统一出来就应该是完善的，不能缺胳膊少腿，也不能寄希望于由第三方去完善，除非是一些非关键性的、加强体验性质的东西。\n另外，自动驾驶系统的功能相对单一，只是替代人去开车，不像手机有着太宽泛的应用，所以开发商本身也应该具备提供完善自动驾驶系统解决方案的能力。\n当然，作为开发商，在开发模式上，可以先做好基础架构，然后允许第三方开发者在上面添砖加瓦，事实上，百度就是这么做的，Apollo平台已经聚集了超过4.5万的开发者，这些做法并不矛盾，因为只要交付的是完善的系统方案即可。\n这么看来，自动驾驶系统好像真没必要一家或者两家独大，百家争鸣可能更有利于竞争，最终让消费者获益。相信这个逻辑也影响着众多入局自动驾驶的公司，给了他们前赴后继的勇气。\n事情果真如此吗？\n2\n百家争鸣真的可以实现？\n商业社会，质量、成本、效率是永远绕不开的“三角关系”。\n谁都希望得到“双高一低”--高质量、高效率同时低成本，但实际情况，这是“不可能三角”，顶多只能得到其中两个。把这个框架放在自动驾驶的百家争鸣上，冲突就随之而来。\n不同开发商的人才、资金、技术储备、开发效率都不一样，都来做这个事，重复开发不说，对各种资源的消耗，以及有可能出现的恶性竞争，显然和低成本背道而驰；即使每个开发商都能做出一样的质量、一样的成本，效率上也会有快慢，资金充足、人才丰富的会快一点，相反就有可能会慢一点；而如果既要高质量，又要高效率，那就得比拼谁的钱多，不同开发商手头的资金、融资能力、融资成本也是千差万别。\n不管从哪个角度看，都是既要又要还要的事，所以理论上不应该存在过多的自动驾驶系统开发商。\n只是，从开发商的角度，看法可能完全相反。\n在智能汽车最重要的应用场景，没有厂商希望自己变成局外人，如果在这场竞赛中能够最终获胜，那都是白花花的银子，这是相当有诱惑力的事情。往更长远的方向讲，传统造车有可能因为拥有自动驾驶开发能力，在汽车业的淘汰赛中占据主动，新势力也一样，软件公司则因为自动驾驶而开辟了新的蓝海。\n而且，现在新兴的产业机会并不多，好不容易等来了汽车业百年未有之大变局，当然要去搏杀，一开始就作壁上观，看着大好机会白白溜走，不是件好受的事。\n何况，现在才刚开战，胜负未分，敢于入场厮杀的公司，都不是吃素的，论资金、论人才、论技术储备，虽有差异，但说不上谁一定赢，谁一定输。既然如此，早早就退出，将市场拱手让人，这不是做生意应该有的姿态，即使最后战死，也好过一开始就做逃兵。\n公说公有理，婆说婆有理，最后只有交给市场。\n展望未来，从参与者的角度看，因为云集了太多开发商，自动驾驶市场将会非常热闹；从竞争的角度看，自动驾驶市场将上演残酷的厮杀；从路径发展上看，很可能是大佬入局--资本砸钱--泡沫催化--泡沫形成--泡沫破灭--涅槃重生。\n自动驾驶需要一场泡沫，也应该有一场泡沫。\n从资本的角度看，自动驾驶大概率会先来一场资本盛宴，然后演变成一场资本泡沫，最后泡沫破灭之后，走出了真正的强者。\n对于国家、产业、消费者和最后走出的强者，这场泡沫是“白洞”，因为它造就了百年汽车最重大的革命；而对于因此而倒下的开发商和资本方，这场泡沫将是巨大的“黑洞”，吞噬一切。\n3\n作为投资者，应该干嘛？\n言归投资，要避免掉进“黑洞”，就需要寻找产业链里最有价值的东西，有两个值得重点跟进。\n第一，AI芯片和算法，现在的竞争格局，基本成了巨头们的角力场，而且都是两者通吃，特斯拉有FSD芯片和算法，百度有昆仑芯片和Apollo，华为有麒麟芯片和鸿蒙，连小鹏也说要自研芯片，和自己的NGP形成呼应。所以，不管软件公司还是整车厂，如果没有足够实力同时拿下芯片和算法，却要声称自研自动驾驶系统，这类公司很可能掉队。\n当然，对于整车厂而言，并非个个都要自己做自动驾驶系统，可以选择购买其他软件厂商的系统，自己则专注于整车设计、生产、基建、营销、售后等环节，也不失为好的策略。\n自动驾驶的研发是烧钱的活儿，AI芯片和算法人才也都非常紧缺，巨头们都在第一时间锁住人才，论财力，巨头们也不缺。如果后面才介入，基本连汤都难喝到。\n所以，押注这个领域，除了巨头，貌似也没其他选择了。\n第二，激光雷达，“格隆汇研究”公众号在前期的文章《激光雷达，自动驾驶赛道的新宠儿》做过专门的分析，这里不再赘述。\n只讲一个最简单的底层逻辑，自动驾驶是人命关天的大事，对行驶过程中周遭的环境感知必须非常灵敏、精准和全面，而激光雷达这方面有着天然优势，远比摄像头、超声波雷达、毫米波雷达要牛。此前，激光雷达因为价格过万而被质疑商业化能力，现在华为已经成功将成本降到几百块的“白菜价”，量产障碍扫除，按照中国人做生意的脾性，后面会陆陆续续出现更多的激光雷达厂家。\n如果觉得这两个赛道太拥挤，也可以寻找一些细分领域有亮点公司，比如专注做卡车自动驾驶系统的开发商，这个领域有意思的地方在于，卡车的行驶场景和路线可以相对简单、固定，比如点对点的高速公路货运、港口装卸区的来回、工厂区的货物上下，这些地方容易实现人车分离，在港口区或者工厂区建空中行人区，人和车在空间上完全隔离，车上就没必要坐人，车撞人的概率就可以极大地降低。即使车撞上了，损失的是货物，不至于死人，因为人命才值钱。\n\n这些公司的领导人懂得，和巨头拼资金、拼人才，不一定拼得过，所以不如选择差异化路线，深入挖掘一下巨头暂时忽略的细分领域，开发难度、开发成本、竞争压力会相对低一些。退一万步讲，即使哪天巨头们后知后觉，要大举杀入的时候，自己还可以凭借长期的积累，保留被巨头收编的资格。\n4\n结语\n自动驾驶的出现，实现汽车业过去一百年都没能实现的事情，这是足够大的生意，也是足够大、足够多的投资机会。\n但是，这些赛道仍然有很多等待突破的东西，有许多需要商业化落地和检验的东西，在这些东西没有明朗化之前，投资的坑是非常多的，借信息不对称，借投资者不明就里的时间窗口，趁机割韭菜的人，多的是。\n对于投资者而言，如果有能力在早期就看透底层逻辑，发掘到投资机会，可以大胆押注；等到形势明朗化，出现向上拐点，或者出现爆发迹象之时，再押注，也不会晚；在狂热期，泡沫吹大之时，有能力跟随泡沫起舞的，也不失为押注时机，但如果没有能力急流勇退，还是多一份冷静好。\n现在，也正需要这样一份冷静。","news_type":1,"symbols_score_info":{"BIDU":0.9,"TSLA":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":3168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":348417921,"gmtCreate":1617952031963,"gmtModify":1617952031963,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573433876521022","idStr":"3573433876521022"},"themes":[],"title":"","htmlText":"<a 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15:32","market":"hk","language":"zh","title":"东阳光药发布2025年度中期业绩 创新研发与国际化积蓄长期动能","url":"https://stock-news.laohu8.com/highlight/detail?id=2564892380","media":"证券日报","summary":"本报讯（记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。","content":"<div>\n<p>本报讯 （记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202509013501022471.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","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\" 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（记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202509013501022471.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06887":"东阳光药","BK1191":"制药"},"source_url":"http://finance.eastmoney.com/a/202509013501022471.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2564892380","content_text":"本报讯 （记者李雯珊见习记者张美娜）9月1日，广东东阳光药业股份有限公司（以下简称“东阳光药”）召开2025年中期业绩发布会。东阳光药相关人士表示，公司在创新研发、国际化和产品组合优化方面持续取得突破，为未来增长积蓄动能。　　根据东阳光药近期披露的2025年中期业绩公告，报告期内，公司实现营业收入19.38亿元。根据报告，东阳光药抗感染、慢病等领域核心大单品仍保持市场领先，多元业务格局显示出一定韧性，成为业绩压舱石。与此同时，创新药的放量势头与产品组合的优化趋势又逐步显现，成为东阳光药长期价值的重要支撑与提升引擎。　　公开资料显示，东阳光药围绕感染、慢病及肿瘤等核心领域，构建覆盖化学药及生物药完整生命周期的研发平台，拥有特异性抗体、小核酸、ADC、PROTAC等先进技术，并在AIDD等AI工具的加持下，形成覆盖药物全生命周期的研发能力。截至目前，东阳光药拥有150多款获批药物，已上市3款创新药，在研100款药物，其中49款为1类在研创新药物（1款即将上市，10款处于临床二、三期，多款管线具有“First in class”或“Best in class”潜力）。　　创新成果频出的同时，东阳光药持续不断将其推向临床与市场，使其更好地治病救人。8月7日，东阳光药吸收合并港股上市子公司宜昌东阳光长江药业股份有限公司（以下简称“东阳光长江药业”）以介绍方式登陆港交所主板，将自身研发能力与东阳光长江药业的全国销售网络深度整合，形成“研发—生产—销售”闭环，加速全球化运营。　　此外，截至目前，东阳光药拥有覆盖全国的产品销售及分销网络，建立起覆盖主流国际市场的全球销售网络。　　上述相关人士进一步透露，今年8月份，东阳光药完成销售架构调整，正式成立肝病专线商业化团队，旨在进一步推动其丙肝等创新药的商业化进程。　　东阳光药表示，公司将继续坚持创新驱动与国际化战略，持续专注抗感染、慢病和肿瘤赛道，推动更多创新管线进入临床和市场。随着核心产品放量、新兴管线进展和海外市场拓展，公司有望在周期波动中实现高质量可持续发展。（文章来源：证券日报）","news_type":1,"symbols_score_info":{"06887":1}},"isVote":1,"tweetType":1,"viewCount":2476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":430876842062152,"gmtCreate":1746170324056,"gmtModify":1746170326069,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573433876521022","authorIdStr":"3573433876521022"},"themes":[],"title":"","htmlText":"。。。忒'。冫\\：：。\\\\\\","listText":"。。。忒'。冫\\：：。\\\\\\","text":"。。。忒'。冫\\：：。\\\\\\","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/430876842062152","repostId":"1181703645","repostType":2,"isVote":1,"tweetType":1,"viewCount":4220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607260594,"gmtCreate":1639547817819,"gmtModify":1639547817819,"author":{"id":"3573433876521022","authorId":"3573433876521022","name":"巴山新雨","avatar":"https://static.tigerbbs.com/b376ba809bbb389d56497f41c4cae26d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573433876521022","authorIdStr":"3573433876521022"},"themes":[],"title":"","htmlText":"<a 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