四甲坝坝主的个人主页 - 老虎社区

四甲坝坝主

四甲坝坝主

暂无个人介绍

IP属地：江苏

23关注

8粉丝

4主题

0勋章

四甲坝坝主

05-11 21:40

$Circle Internet Corp.(CRCL)$ 都怪我，我赌财报从来没赢过[捂脸]

四甲坝坝主

05-13 21:57

$ARM Holdings(ARM)$ 我走了，你可以涨了[无语]

四甲坝坝主

03-13

$Ondas Holdings Inc.(ONDS)$ 能不能厚积薄发一波打爆空头

四甲坝坝主

04-30

$Circle Internet Corp.(CRCL)$ 吃不消，怎么天天跌[捂脸] [捂脸] [捂脸]

四甲坝坝主

01-12

$小米集团-W(01810)$ 买在无人问津处，现在不买更待何时

四甲坝坝主

03-24

$Ondas Holdings Inc.(ONDS)$ 别洗了，再洗我真要下车了

四甲坝坝主

2025-12-22

$特斯拉(TSLA)$ 今天卖掉的人后面要后悔死[真香]

四甲坝坝主

2025-07-24

$东方电气(01072)$ 25以上买的还有回本希望么[流泪]

四甲坝坝主

03-30

$迅策(03317)$ 兄弟们，能到400么

四甲坝坝主

2025-11-14

$特斯拉(TSLA)$ 吃不消。。。但我继续加仓[开心]

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3575672226475362","uuid":"3575672226475362","gmtCreate":1612578202849,"gmtModify":1767331832271,"name":"四甲坝坝主","pinyin":"sjbbzsijiababazhu","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","hatId":"ca_profile_frame_feCEcj","hatName":"LV8 头像框","vip":1,"status":2,"fanSize":8,"headSize":23,"tweetSize":99,"questionSize":0,"limitLevel":999,"accountStatus":3,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":4,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.07.29","exceedPercentage":"93.86%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.07.24","exceedPercentage":"93.59%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.11","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.03","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-3","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"偶像虎友","description":"加入老虎社区1500天","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.03.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.07.29","exceedPercentage":"93.08%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},"individualDisplayBadges":null,"crmLevel":8,"crmLevelSwitch":1,"location":"江苏","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":13,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":563799477126136,"gmtCreate":1778680673525,"gmtModify":1778680675278,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 我走了，你可以涨了[无语]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 我走了，你可以涨了[无语]&nbsp;&nbsp;","text":"$ARM Holdings(ARM)$ 我走了，你可以涨了[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563799477126136","isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563110982144696,"gmtCreate":1778506821055,"gmtModify":1778506823023,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 都怪我，我赌财报从来没赢过[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 都怪我，我赌财报从来没赢过[捂脸]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 都怪我，我赌财报从来没赢过[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":13,"repostSize":0,"link":"https://laohu8.com/post/563110982144696","isVote":1,"tweetType":1,"viewCount":2660,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4121475382077130","authorId":"4121475382077130","name":"发发发財财财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"idStr":"4121475382077130","authorIdStr":"4121475382077130"},"content":"醒醒发财了","text":"醒醒发财了","html":"醒醒发财了"},{"author":{"id":"4121475382077130","authorId":"4121475382077130","name":"发发发財财财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"idStr":"4121475382077130","authorIdStr":"4121475382077130"},"content":"低位捞了点，我看的是交易量2倍的增长，明显利好啊","text":"低位捞了点，我看的是交易量2倍的增长，明显利好啊","html":"低位捞了点，我看的是交易量2倍的增长，明显利好啊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563063814537456,"gmtCreate":1778495298051,"gmtModify":1778495299959,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 啥情况直接瀑布[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 啥情况直接瀑布[捂脸]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 啥情况直接瀑布[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563063814537456","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563050340491984,"gmtCreate":1778492016365,"gmtModify":1778492019945,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 英特尔amd天天涨，你纹丝不动，拿的真难受啊[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 英特尔amd天天涨，你纹丝不动，拿的真难受啊[捂脸]&nbsp;&nbsp;","text":"$ARM Holdings(ARM)$ 英特尔amd天天涨，你纹丝不动，拿的真难受啊[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/563050340491984","isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":561600342062080,"gmtCreate":1778141159475,"gmtModify":1778141161669,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 不要虚，盘整结束后目标265","listText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 不要虚，盘整结束后目标265","text":"$ARM Holdings(ARM)$ 不要虚，盘整结束后目标265","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/561600342062080","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":561156229034312,"gmtCreate":1778032727495,"gmtModify":1778032729735,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 结构已破，一看210支撑再看170支撑。长线的可以拿着。","listText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 结构已破，一看210支撑再看170支撑。长线的可以拿着。","text":"$迅策(03317)$ 结构已破，一看210支撑再看170支撑。长线的可以拿着。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/561156229034312","isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":559218183869064,"gmtCreate":1777559573630,"gmtModify":1777559575966,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 吃不消，怎么天天跌[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 吃不消，怎么天天跌[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 吃不消，怎么天天跌[捂脸] [捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":1,"link":"https://laohu8.com/post/559218183869064","isVote":1,"tweetType":1,"viewCount":1619,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4234072989979222","authorId":"4234072989979222","name":"gin晚打老虎","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4234072989979222","authorIdStr":"4234072989979222"},"content":"感觉看趋势已经烂了 财报肯定完蛋","text":"感觉看趋势已经烂了 财报肯定完蛋","html":"感觉看趋势已经烂了 财报肯定完蛋"},{"author":{"id":"3547276153979743","authorId":"3547276153979743","name":"帅气炀","avatar":"https://static.tigerbbs.com/82b6b0263f097ac1e62db6465ce137a2","crmLevel":8,"crmLevelSwitch":0,"idStr":"3547276153979743","authorIdStr":"3547276153979743"},"content":"政策还没确定，得等等看","text":"政策还没确定，得等等看","html":"政策还没确定，得等等看"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":556645549642992,"gmtCreate":1776928302053,"gmtModify":1776928303928,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 只要不是放量跌，都是洗盘，谨慎做t","listText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 只要不是放量跌，都是洗盘，谨慎做t","text":"$迅策(03317)$ 只要不是放量跌，都是洗盘，谨慎做t","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/556645549642992","isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":556393575714960,"gmtCreate":1776866777148,"gmtModify":1776866779478,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 加息概率变大，降息变小，叠加百分百缩表，全是对稳定币的利好。这时候不上车什么时候上车[财迷]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 加息概率变大，降息变小，叠加百分百缩表，全是对稳定币的利好。这时候不上车什么时候上车[财迷]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 加息概率变大，降息变小，叠加百分百缩表，全是对稳定币的利好。这时候不上车什么时候上车[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/556393575714960","isVote":1,"tweetType":1,"viewCount":2175,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3472532348212000","authorId":"3472532348212000","name":"chenx32401","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"idStr":"3472532348212000","authorIdStr":"3472532348212000"},"content":"为什么加息会利好？","text":"为什么加息会利好？","html":"为什么加息会利好？"},{"author":{"id":"3439271934579350","authorId":"3439271934579350","name":"TonyQ","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"3439271934579350","authorIdStr":"3439271934579350"},"content":"等66.6一个顺子价格","text":"等66.6一个顺子价格","html":"等66.6一个顺子价格"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":555511890277400,"gmtCreate":1776657589252,"gmtModify":1776657591707,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"再不上市，内部人都要被挖空了[捂脸]&nbsp;&nbsp;","listText":"再不上市，内部人都要被挖空了[捂脸]&nbsp;&nbsp;","text":"再不上市，内部人都要被挖空了[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/555511890277400","repostId":"1137082084","repostType":2,"repost":{"id":"1137082084","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1776656624,"share":"https://www.laohu8.com/m/news/1137082084?lang=zh_CN&edition=full","pubTime":"2026-04-20 11:43","market":"hk","language":"zh","title":"市场消息：DeepSeek启动首次外部股权融资，估值超100亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=1137082084","media":"老虎资讯综合","summary":"估值不低于100亿美元。","content":"<html><head></head><body><p>据科技媒体The Information引述多名消息人士称，中国人工智能(AI)初创企业DeepSeek正启动成立以来首次外部融资，公司已开始与潜在投资人接触，目标募资至少3亿美元，估值不低于100亿美元。</p><p>若这一轮融资顺利完成，将意味着DeepSeek结束长期以来完全依赖母公司幻方量化(High-Flyer Quant)资金支持的“自我供血”模式。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>市场消息：DeepSeek启动首次外部股权融资，估值超100亿美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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市场消息：DeepSeek启动首次外部股权融资，估值超100亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-04-20 11:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>据科技媒体The Information引述多名消息人士称，中国人工智能(AI)初创企业DeepSeek正启动成立以来首次外部融资，公司已开始与潜在投资人接触，目标募资至少3亿美元，估值不低于100亿美元。</p><p>若这一轮融资顺利完成，将意味着DeepSeek结束长期以来完全依赖母公司幻方量化(High-Flyer Quant)资金支持的“自我供血”模式。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5bb83a2c444a5f53037c0acf929cedb2","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137082084","content_text":"据科技媒体The Information引述多名消息人士称，中国人工智能(AI)初创企业DeepSeek正启动成立以来首次外部融资，公司已开始与潜在投资人接触，目标募资至少3亿美元，估值不低于100亿美元。若这一轮融资顺利完成，将意味着DeepSeek结束长期以来完全依赖母公司幻方量化(High-Flyer Quant)资金支持的“自我供血”模式。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":554070586423552,"gmtCreate":1776305781216,"gmtModify":1776305783200,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 站稳下一轮目标价500","listText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 站稳下一轮目标价500","text":"$迅策(03317)$ 站稳下一轮目标价500","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/554070586423552","isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548115107340320,"gmtCreate":1774840727421,"gmtModify":1774840729349,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 兄弟们，能到400么","listText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 兄弟们，能到400么","text":"$迅策(03317)$ 兄弟们，能到400么","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/548115107340320","isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3478412506724111","authorId":"3478412506724111","name":"小学童","avatar":"https://static.tigerbbs.com/f698e3ec63deff4bf89f1caa11ab1c16","crmLevel":2,"crmLevelSwitch":0,"idStr":"3478412506724111","authorIdStr":"3478412506724111"},"content":"800必到","text":"800必到","html":"800必到"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548089536828864,"gmtCreate":1774834410660,"gmtModify":1774834412871,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 这么弄对得起全体股东么？谁家财报收益暴涨一个月跌近百分之50的。","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 这么弄对得起全体股东么？谁家财报收益暴涨一个月跌近百分之50的。","text":"$泡泡玛特(09992)$ 这么弄对得起全体股东么？谁家财报收益暴涨一个月跌近百分之50的。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/548089536828864","isVote":1,"tweetType":1,"viewCount":8698,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4087883810201120","authorId":"4087883810201120","name":"囤票","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"idStr":"4087883810201120","authorIdStr":"4087883810201120"},"content":"你为他无怨无悔的付出了还是不离不弃过还是跌到10块钱别人质疑的时候你坚定过，何来对不对的起","text":"你为他无怨无悔的付出了还是不离不弃过还是跌到10块钱别人质疑的时候你坚定过，何来对不对的起","html":"你为他无怨无悔的付出了还是不离不弃过还是跌到10块钱别人质疑的时候你坚定过，何来对不对的起"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546678481660088,"gmtCreate":1774491153050,"gmtModify":1774493120134,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 机构清仓大甩卖[开心]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 机构清仓大甩卖[开心]&nbsp;&nbsp;","text":"$泡泡玛特(09992)$ 机构清仓大甩卖[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546678481660088","isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546669953779592,"gmtCreate":1774489066920,"gmtModify":1774489068873,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 一句话，现在是卖put的最佳时候","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 一句话，现在是卖put的最佳时候","text":"$泡泡玛特(09992)$ 一句话，现在是卖put的最佳时候","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546669953779592","isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546554434250848,"gmtCreate":1774460865424,"gmtModify":1774460867694,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"‌横的真久 吃不消了 先撤了‌","listText":"‌横的真久 吃不消了 先撤了‌","text":"‌横的真久 吃不消了 先撤了‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546554434250848","isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546468704630776,"gmtCreate":1774424641762,"gmtModify":1774424643928,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 这应该是触发量化踩踏了","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 这应该是触发量化踩踏了","text":"$泡泡玛特(09992)$ 这应该是触发量化踩踏了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/546468704630776","isVote":1,"tweetType":1,"viewCount":1322,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"5166531553792","authorId":"5166531553792","name":"房大卫","avatar":"https://static.tigerbbs.com/7870f9b68b7b5f63ffd9738406bcfc3c","crmLevel":5,"crmLevelSwitch":1,"idStr":"5166531553792","authorIdStr":"5166531553792"},"content":"这又不是科技公司，市盈率那么高，还要跌","text":"这又不是科技公司，市盈率那么高，还要跌","html":"这又不是科技公司，市盈率那么高，还要跌"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546460537053832,"gmtCreate":1774422687841,"gmtModify":1774422690139,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"我没感觉到不满，别替我感觉不满，跌这么多正常么[生气]&nbsp;&nbsp;","listText":"我没感觉到不满，别替我感觉不满，跌这么多正常么[生气]&nbsp;&nbsp;","text":"我没感觉到不满，别替我感觉不满，跌这么多正常么[生气]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546460537053832","repostId":"2622044201","repostType":2,"repost":{"id":"2622044201","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1774416941,"share":"https://www.laohu8.com/m/news/2622044201?lang=zh_CN&edition=full","pubTime":"2026-03-25 13:35","market":"sg","language":"zh","title":"泡泡玛特2025年净利润同比暴增293%，但营收低于预期，股价下挫超15% | 财报见闻","url":"https://stock-news.laohu8.com/highlight/detail?id=2622044201","media":"华尔街见闻","summary":"财报显示，泡泡玛特2025年营收371.2亿（+185%），净利130.1亿（+293%），海外市场成重要增长极。LABUBU爆火带动毛绒产品成最大品类，单IP贡献超38%营收。但因市场担忧其过度依赖单一核心IP，缺乏多元化第二增长曲线，引发股价跳水跌超15%。","content":"<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/82c77f7269dd21266a2ce8d140722405\" tg-width=\"2560\" tg-height=\"1428\"></p><p><a href=\"https://laohu8.com/S/09992\">泡泡玛特</a>国际集团在成立第十五周年之际，交出了一份足以载入资本市场史册的成绩单。</p><p>3月25日，泡泡玛特公布的最新财报显示，2025年全年，集团实现收入人民币371.2亿元，同比暴增184.7%；净利润达130.1亿元，同比增长293.3%。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/389eb271-d074-4764-a6f0-7963298148eb.png\"></social-image></p><p>这份数字的背后，是LABUBU等明星IP席卷全球所掀起的现象级文化热潮——以THE MONSTERS系列为核心，泡泡玛特已从一家中国潮玩公司，蜕变为具有全球影响力的IP平台。</p><p><strong>盈利能力的跃升同样惊人。</strong>毛利率从2024年的66.8%提升至72.1%，毛利规模从87亿元扩张至268亿元，足足增加了逾180亿元；按非国际财务报告准则计算的调整后净利率更高达35.2%，较去年的26.1%大幅提升9个百分点。</p><blockquote><p>考虑到同期收入规模已近乎翻三倍，这一利润率的提升尤为难能可贵，印证了泡泡玛特高IP溢价、高毛利的商业模式正在全球市场得到充分验证。</p></blockquote><p><strong>海外业务是本次业绩的最大亮点。</strong>2025年，海外收入合计达162.7亿元，同比增长291.9%，占总收入比例从2024年的31.8%大幅提升至43.8%。</p><blockquote><p>其中美洲市场收入同比猛增748.4%，欧洲及其他地区增长506.3%，不仅增速惊人，更意味着全球化战略已进入真正的规模化收获期。若以海外分部业绩计算，海外业务在报告期已创造逾80亿元的分部盈利，成为泡泡玛特不可忽视的第二增长极。</p></blockquote><p>董事会同时宣布末期股息每股人民币2.3817元，预计合共派付约31.9亿元，较去年大幅增加，充分体现管理层对业务前景的信心，亦是对股东的丰厚回报。</p><p>财报公布之后，港股泡泡玛特股票盘中跌幅一度高达15%。分析指出，该公司公布的全年业绩大体符合市场预期，<strong>但业绩未能展示出Labubu IP娃娃以外的收入来源出现明显多元化，令投资者感到不满。</strong></p><p><social-image src=\"https://wpimg-wscn.awtmt.com/842fcad9-854b-44a4-9682-b11829fc65e3.png\"></social-image></p><p>这一反应凸显出市场对泡泡玛特过度依赖单一核心IP的担忧。Labubu系列长期以来是驱动公司业绩的主要引擎，如何在其热度之外建立可持续的增长支柱，是投资者关注的核心议题。</p><p>Labubu系列凭借其独特的造型设计和社交媒体传播效应，为泡泡玛特带来了强劲的收入增长，也推动公司股价在过去一段时间大幅攀升。然而，这种高度集中的增长结构，也使公司在IP热度出现波动时面临较大的业绩风险。</p><p>分析认为，投资者普遍期待泡泡玛特能够及时展示出第二增长曲线的轮廓，而此次业绩未能就此提供充分的说服力，是<strong>本次股价大幅回调的直接诱因。</strong></p><h2 id=\"id_4028627948\">IP<a href=\"https://laohu8.com/S/301365\">矩阵</a>：THE MONSTERS跻身“百亿俱乐部”，17个艺术家IP年收入过亿</h2><p>IP是泡泡玛特商业<a href=\"https://laohu8.com/S/00776\">帝国</a>的基石，2025年的IP矩阵表现超越市场所有预期。</p><p>财报显示，本年度，共有17个艺术家IP年收入超过人民币1亿元。其中，以LABUBU为核心的THE MONSTERS家族一枝独秀，全年收入高达141.6亿元，同比暴增365.7%，单一IP贡献占集团总收入38.1%，成功跻身“百亿IP俱乐部”，亦是2025年全球最具话题度的潮流IP之一。</p><p>LABUBU第三代搪胶毛绒“前方高能”系列全球发售引爆抢购狂潮，IP更首次受邀参与有百年历史的梅西百货感恩节游行，品牌文化影响力持续破圈。</p><blockquote><p>SKULLPANDA（35.4亿元）、CRYBABY（29.3亿元）、MOLLY（29.0亿元）、DIMOO（27.8亿元）排列其后，共同撑起艺术家IP超过330亿元的总收入，占集团总收入90.0%。值得关注的是，<a href=\"https://laohu8.com/S/688257\">新锐</a>IP“<a href=\"https://laohu8.com/S/300256\">星星</a>人”在2024年仅贡献1.2亿元收入，至2025年已飙升至20.6亿元，成为成长速度最快的IP之一，亦印证集团持续孵化新IP的能力。</p></blockquote><p><social-image src=\"https://wpimg-wscn.awtmt.com/a49cc9a8-d33d-4d10-b8ff-190df01f5d1a.png\"></social-image></p><p>从IP类型看，<strong>艺术家IP收入占比从2024年的85.3%提升至90.0%</strong>，自主研发IP的护城河愈发深厚；<strong>授权IP收入亦增长111.3%至33.8亿元</strong>，显示集团在外部IP合作上同样稳步推进。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/bf027a41-9ff0-43ae-9fd7-84bba4ba888e.png\"></social-image></p><h2 id=\"id_848957174\">毛绒产品：首次问鼎最大品类，一个品类单年贡献187亿元</h2><p>产品结构的变化是本年度财报另一大看点。</p><p>财报显示，毛绒产品收入从2024年的28.3亿元爆炸性增长至187.1亿元，增幅高达560.6%，收入占比从21.7%跃升至50.4%，首次超越传统支柱手办系列，成为集团收入规模最大的产品品类。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/98b15093-492c-4307-8298-83035c78b66a.png\"></social-image></p><p><strong>毛绒产品的崛起并非偶然，而是泡泡玛特以IP为核心、深度定制差异化产品策略的成功实践。</strong>LABUBU毛绒玩具凭借极强的社交货币属性与展示性、可搭配性，成为从亚洲蔓延至欧美的“配饰”现象，带动整个品类的全球消费热潮。集团亦持续拓展毛绒产品矩阵，覆盖多尺寸、多形态，从而满足不同消费场景和用户群体的需求。</p><p>相比之下，传统手办虽增长73.3%至120.2亿元，但占比从53.2%回落至32.4%；MEGA系列增速放缓至13.8%，收入19.2亿元，占比收缩至5.2%；衍生品及其他类别同比增长182.1%至44.7亿元，成为另一个正在快速成型的增量品类。</p><h2 id=\"id_2524535431\">海外版图：美洲狂飙748%，全球630家门店覆盖20国</h2><p>地理扩张是本年度业绩超预期的核心驱动力。截至2025年12月31日，泡泡玛特在全球20个国家共运营630家门店，全年净增109家；机器人商店增至2,637台，净增165台。</p><p>从各区域表现来看：</p><blockquote><p><strong>美洲：</strong>收入从8.0亿元爆增至68.1亿元，增幅748.4%，门店数量从22家增至64家。在线渠道贡献尤为突出，自研APP及官方网站收入同比增长1,395.4%，TikTok平台收入增长865.9%，在线收入占美洲总收入比例高达64.0%。</p><p><strong>欧洲及其他地区：</strong>收入从2.4亿元增至14.5亿元，增幅506.3%，门店从14家增至36家，并首次进入德国、丹麦等新市场。</p><p><strong><a href=\"https://laohu8.com/S/002540\">亚太</a>（不含中国）：</strong>收入增长157.6%至80.1亿元，自研APP及官网收入增长378.6%，线下零售店从54家增至85家。</p><p><strong>中国市场：</strong>作为基本盘，增长134.6%至208.5亿元，收入占比从68.2%下降至56.2%，体现出全球化稀释效应。中国在线渠道增长207.4%至85.2亿元，“抽盒机”小程序收入达34.2亿元。值得一提的是，截至2025年底，中国内地累计注册会员达7,258万人（较2024年底增加2,650万人），会员贡献销售额占比93.7%，复购率55.7%，用户黏性持续加强。</p></blockquote><h2 id=\"id_1458078805\">盈利结构：毛利率创历史新高，规模效应显现</h2><p>毛利率是衡量泡泡玛特商业模式优劣的核心指标。2025年毛利率达72.1%，较上年的66.8%提升5.3个百分点，主要驱动因素有二：<strong>一是海外市场销售占比提升带动高毛利产品贡献增加；二是柔性供应链战略持续奏效，集中向核心供应商采购压缩了采购成本。</strong></p><p><social-image src=\"https://wpimg-wscn.awtmt.com/e2bed671-c38d-4e8e-9639-ea5bfa158ce8.png\"></social-image></p><p>销售成本虽从43.3亿元增至103.6亿元，增幅为139.1%，但显著低于收入184.7%的增速，规模效应初步显现。不过，随着海外业务的高速扩张，费用端压力同步上升：</p><blockquote><p>经销及销售开支从36.5亿元增至80.8亿元（+121.4%），运输及物流费用增长280.3%至17.8亿元，是支出增长最快的分项，主要源于跨境物流成本攀升。</p><p>一般及行政开支从9.5亿元增至17.7亿元（+86.9%），行政及设计开发人员从1,435人增至2,194人。</p></blockquote><p>整体而言，经营杠杆效应明显，经营利润率从31.9%大幅提升至45.5%，非国际财务报告准则调整后净利率亦从26.1%提升至35.2%。</p><h2 id=\"id_2535219630\">资产负债：现金充裕，零银行借款，存货大幅扩充</h2><p>资产负债表显示集团财务状况稳健。</p><p>现金及现金等价物从61.1亿元增至137.8亿元，加上逾三个月定期存款34.5亿元，合计可动用现金资源超过170亿元。截至报告期末，集团无任何银行借款及资产抵押，资产负债率为29.4%，主要由租赁负债及应付款项构成。</p><p>值得关注的是，存货从15.2亿元大幅攀升至54.7亿元，存货周转天数从102天延长至123天。管理层解释，这主要源于：</p><blockquote><p>一是海外业务占比提升，跨境货运周期较长，需要维持更高的安全库存；二是全球新增门店超过100家，备货需求相应增加。虽然存货的绝对规模扩张较快，但结合大幅增长的收入规模，暂未见明显库存风险。</p></blockquote><p><social-image src=\"https://wpimg-wscn.awtmt.com/ee3d3811-f7d6-4872-aefa-3e74a42d2922.png\"></social-image></p><p>贸易应收款项周转天数从11天进一步压缩至7天，显示集团回款效率持续优化。</p><p>非流动资产中，使用权资产从9.3亿元急增至27.9亿元，印证全球门店扩张带来的租约资产大幅上升；递延所得税资产亦从1.5亿元跃升至17.5亿元，主要来自海外业务的税务亏损确认。</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>泡泡玛特2025年净利润同比暴增293%，但营收低于预期，股价下挫超15% | 财报见闻</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泡泡玛特2025年净利润同比暴增293%，但营收低于预期，股价下挫超15% | 财报见闻\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-25 13:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/82c77f7269dd21266a2ce8d140722405\" tg-width=\"2560\" tg-height=\"1428\"></p><p><a href=\"https://laohu8.com/S/09992\">泡泡玛特</a>国际集团在成立第十五周年之际，交出了一份足以载入资本市场史册的成绩单。</p><p>3月25日，泡泡玛特公布的最新财报显示，2025年全年，集团实现收入人民币371.2亿元，同比暴增184.7%；净利润达130.1亿元，同比增长293.3%。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/389eb271-d074-4764-a6f0-7963298148eb.png\"></social-image></p><p>这份数字的背后，是LABUBU等明星IP席卷全球所掀起的现象级文化热潮——以THE MONSTERS系列为核心，泡泡玛特已从一家中国潮玩公司，蜕变为具有全球影响力的IP平台。</p><p><strong>盈利能力的跃升同样惊人。</strong>毛利率从2024年的66.8%提升至72.1%，毛利规模从87亿元扩张至268亿元，足足增加了逾180亿元；按非国际财务报告准则计算的调整后净利率更高达35.2%，较去年的26.1%大幅提升9个百分点。</p><blockquote><p>考虑到同期收入规模已近乎翻三倍，这一利润率的提升尤为难能可贵，印证了泡泡玛特高IP溢价、高毛利的商业模式正在全球市场得到充分验证。</p></blockquote><p><strong>海外业务是本次业绩的最大亮点。</strong>2025年，海外收入合计达162.7亿元，同比增长291.9%，占总收入比例从2024年的31.8%大幅提升至43.8%。</p><blockquote><p>其中美洲市场收入同比猛增748.4%，欧洲及其他地区增长506.3%，不仅增速惊人，更意味着全球化战略已进入真正的规模化收获期。若以海外分部业绩计算，海外业务在报告期已创造逾80亿元的分部盈利，成为泡泡玛特不可忽视的第二增长极。</p></blockquote><p>董事会同时宣布末期股息每股人民币2.3817元，预计合共派付约31.9亿元，较去年大幅增加，充分体现管理层对业务前景的信心，亦是对股东的丰厚回报。</p><p>财报公布之后，港股泡泡玛特股票盘中跌幅一度高达15%。分析指出，该公司公布的全年业绩大体符合市场预期，<strong>但业绩未能展示出Labubu IP娃娃以外的收入来源出现明显多元化，令投资者感到不满。</strong></p><p><social-image src=\"https://wpimg-wscn.awtmt.com/842fcad9-854b-44a4-9682-b11829fc65e3.png\"></social-image></p><p>这一反应凸显出市场对泡泡玛特过度依赖单一核心IP的担忧。Labubu系列长期以来是驱动公司业绩的主要引擎，如何在其热度之外建立可持续的增长支柱，是投资者关注的核心议题。</p><p>Labubu系列凭借其独特的造型设计和社交媒体传播效应，为泡泡玛特带来了强劲的收入增长，也推动公司股价在过去一段时间大幅攀升。然而，这种高度集中的增长结构，也使公司在IP热度出现波动时面临较大的业绩风险。</p><p>分析认为，投资者普遍期待泡泡玛特能够及时展示出第二增长曲线的轮廓，而此次业绩未能就此提供充分的说服力，是<strong>本次股价大幅回调的直接诱因。</strong></p><h2 id=\"id_4028627948\">IP<a href=\"https://laohu8.com/S/301365\">矩阵</a>：THE MONSTERS跻身“百亿俱乐部”，17个艺术家IP年收入过亿</h2><p>IP是泡泡玛特商业<a href=\"https://laohu8.com/S/00776\">帝国</a>的基石，2025年的IP矩阵表现超越市场所有预期。</p><p>财报显示，本年度，共有17个艺术家IP年收入超过人民币1亿元。其中，以LABUBU为核心的THE MONSTERS家族一枝独秀，全年收入高达141.6亿元，同比暴增365.7%，单一IP贡献占集团总收入38.1%，成功跻身“百亿IP俱乐部”，亦是2025年全球最具话题度的潮流IP之一。</p><p>LABUBU第三代搪胶毛绒“前方高能”系列全球发售引爆抢购狂潮，IP更首次受邀参与有百年历史的梅西百货感恩节游行，品牌文化影响力持续破圈。</p><blockquote><p>SKULLPANDA（35.4亿元）、CRYBABY（29.3亿元）、MOLLY（29.0亿元）、DIMOO（27.8亿元）排列其后，共同撑起艺术家IP超过330亿元的总收入，占集团总收入90.0%。值得关注的是，<a href=\"https://laohu8.com/S/688257\">新锐</a>IP“<a href=\"https://laohu8.com/S/300256\">星星</a>人”在2024年仅贡献1.2亿元收入，至2025年已飙升至20.6亿元，成为成长速度最快的IP之一，亦印证集团持续孵化新IP的能力。</p></blockquote><p><social-image src=\"https://wpimg-wscn.awtmt.com/a49cc9a8-d33d-4d10-b8ff-190df01f5d1a.png\"></social-image></p><p>从IP类型看，<strong>艺术家IP收入占比从2024年的85.3%提升至90.0%</strong>，自主研发IP的护城河愈发深厚；<strong>授权IP收入亦增长111.3%至33.8亿元</strong>，显示集团在外部IP合作上同样稳步推进。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/bf027a41-9ff0-43ae-9fd7-84bba4ba888e.png\"></social-image></p><h2 id=\"id_848957174\">毛绒产品：首次问鼎最大品类，一个品类单年贡献187亿元</h2><p>产品结构的变化是本年度财报另一大看点。</p><p>财报显示，毛绒产品收入从2024年的28.3亿元爆炸性增长至187.1亿元，增幅高达560.6%，收入占比从21.7%跃升至50.4%，首次超越传统支柱手办系列，成为集团收入规模最大的产品品类。</p><p><social-image src=\"https://wpimg-wscn.awtmt.com/98b15093-492c-4307-8298-83035c78b66a.png\"></social-image></p><p><strong>毛绒产品的崛起并非偶然，而是泡泡玛特以IP为核心、深度定制差异化产品策略的成功实践。</strong>LABUBU毛绒玩具凭借极强的社交货币属性与展示性、可搭配性，成为从亚洲蔓延至欧美的“配饰”现象，带动整个品类的全球消费热潮。集团亦持续拓展毛绒产品矩阵，覆盖多尺寸、多形态，从而满足不同消费场景和用户群体的需求。</p><p>相比之下，传统手办虽增长73.3%至120.2亿元，但占比从53.2%回落至32.4%；MEGA系列增速放缓至13.8%，收入19.2亿元，占比收缩至5.2%；衍生品及其他类别同比增长182.1%至44.7亿元，成为另一个正在快速成型的增量品类。</p><h2 id=\"id_2524535431\">海外版图：美洲狂飙748%，全球630家门店覆盖20国</h2><p>地理扩张是本年度业绩超预期的核心驱动力。截至2025年12月31日，泡泡玛特在全球20个国家共运营630家门店，全年净增109家；机器人商店增至2,637台，净增165台。</p><p>从各区域表现来看：</p><blockquote><p><strong>美洲：</strong>收入从8.0亿元爆增至68.1亿元，增幅748.4%，门店数量从22家增至64家。在线渠道贡献尤为突出，自研APP及官方网站收入同比增长1,395.4%，TikTok平台收入增长865.9%，在线收入占美洲总收入比例高达64.0%。</p><p><strong>欧洲及其他地区：</strong>收入从2.4亿元增至14.5亿元，增幅506.3%，门店从14家增至36家，并首次进入德国、丹麦等新市场。</p><p><strong><a href=\"https://laohu8.com/S/002540\">亚太</a>（不含中国）：</strong>收入增长157.6%至80.1亿元，自研APP及官网收入增长378.6%，线下零售店从54家增至85家。</p><p><strong>中国市场：</strong>作为基本盘，增长134.6%至208.5亿元，收入占比从68.2%下降至56.2%，体现出全球化稀释效应。中国在线渠道增长207.4%至85.2亿元，“抽盒机”小程序收入达34.2亿元。值得一提的是，截至2025年底，中国内地累计注册会员达7,258万人（较2024年底增加2,650万人），会员贡献销售额占比93.7%，复购率55.7%，用户黏性持续加强。</p></blockquote><h2 id=\"id_1458078805\">盈利结构：毛利率创历史新高，规模效应显现</h2><p>毛利率是衡量泡泡玛特商业模式优劣的核心指标。2025年毛利率达72.1%，较上年的66.8%提升5.3个百分点，主要驱动因素有二：<strong>一是海外市场销售占比提升带动高毛利产品贡献增加；二是柔性供应链战略持续奏效，集中向核心供应商采购压缩了采购成本。</strong></p><p><social-image src=\"https://wpimg-wscn.awtmt.com/e2bed671-c38d-4e8e-9639-ea5bfa158ce8.png\"></social-image></p><p>销售成本虽从43.3亿元增至103.6亿元，增幅为139.1%，但显著低于收入184.7%的增速，规模效应初步显现。不过，随着海外业务的高速扩张，费用端压力同步上升：</p><blockquote><p>经销及销售开支从36.5亿元增至80.8亿元（+121.4%），运输及物流费用增长280.3%至17.8亿元，是支出增长最快的分项，主要源于跨境物流成本攀升。</p><p>一般及行政开支从9.5亿元增至17.7亿元（+86.9%），行政及设计开发人员从1,435人增至2,194人。</p></blockquote><p>整体而言，经营杠杆效应明显，经营利润率从31.9%大幅提升至45.5%，非国际财务报告准则调整后净利率亦从26.1%提升至35.2%。</p><h2 id=\"id_2535219630\">资产负债：现金充裕，零银行借款，存货大幅扩充</h2><p>资产负债表显示集团财务状况稳健。</p><p>现金及现金等价物从61.1亿元增至137.8亿元，加上逾三个月定期存款34.5亿元，合计可动用现金资源超过170亿元。截至报告期末，集团无任何银行借款及资产抵押，资产负债率为29.4%，主要由租赁负债及应付款项构成。</p><p>值得关注的是，存货从15.2亿元大幅攀升至54.7亿元，存货周转天数从102天延长至123天。管理层解释，这主要源于：</p><blockquote><p>一是海外业务占比提升，跨境货运周期较长，需要维持更高的安全库存；二是全球新增门店超过100家，备货需求相应增加。虽然存货的绝对规模扩张较快，但结合大幅增长的收入规模，暂未见明显库存风险。</p></blockquote><p><social-image src=\"https://wpimg-wscn.awtmt.com/ee3d3811-f7d6-4872-aefa-3e74a42d2922.png\"></social-image></p><p>贸易应收款项周转天数从11天进一步压缩至7天，显示集团回款效率持续优化。</p><p>非流动资产中，使用权资产从9.3亿元急增至27.9亿元，印证全球门店扩张带来的租约资产大幅上升；递延所得税资产亦从1.5亿元跃升至17.5亿元，主要来自海外业务的税务亏损确认。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0823426480.USD":"法巴中国股票经典Dis","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0823426308.USD":"法巴中国股票基金","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","PMRTY":"Pop Mart International Group Limited","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0359201612.USD":"贝莱德中国基金A2","SG9999002950.SGD":"United Asian Growth Opportunities SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK1224":"专卖店","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","SGXZ86797644.SGD":"MAYBANK ASIAN GROWTH AND INCOME-I \"A\" (SGDHDG) INC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","SGXZ62798434.SGD":"MAYBANK ASIAN GROWTH AND INCOME-I \"A\" (SGDHDG) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","09992":"泡泡玛特","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC"},"source_url":"https://wallstreetcn.com/articles/3768334","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2622044201","content_text":"泡泡玛特国际集团在成立第十五周年之际，交出了一份足以载入资本市场史册的成绩单。3月25日，泡泡玛特公布的最新财报显示，2025年全年，集团实现收入人民币371.2亿元，同比暴增184.7%；净利润达130.1亿元，同比增长293.3%。这份数字的背后，是LABUBU等明星IP席卷全球所掀起的现象级文化热潮——以THE MONSTERS系列为核心，泡泡玛特已从一家中国潮玩公司，蜕变为具有全球影响力的IP平台。盈利能力的跃升同样惊人。毛利率从2024年的66.8%提升至72.1%，毛利规模从87亿元扩张至268亿元，足足增加了逾180亿元；按非国际财务报告准则计算的调整后净利率更高达35.2%，较去年的26.1%大幅提升9个百分点。考虑到同期收入规模已近乎翻三倍，这一利润率的提升尤为难能可贵，印证了泡泡玛特高IP溢价、高毛利的商业模式正在全球市场得到充分验证。海外业务是本次业绩的最大亮点。2025年，海外收入合计达162.7亿元，同比增长291.9%，占总收入比例从2024年的31.8%大幅提升至43.8%。其中美洲市场收入同比猛增748.4%，欧洲及其他地区增长506.3%，不仅增速惊人，更意味着全球化战略已进入真正的规模化收获期。若以海外分部业绩计算，海外业务在报告期已创造逾80亿元的分部盈利，成为泡泡玛特不可忽视的第二增长极。董事会同时宣布末期股息每股人民币2.3817元，预计合共派付约31.9亿元，较去年大幅增加，充分体现管理层对业务前景的信心，亦是对股东的丰厚回报。财报公布之后，港股泡泡玛特股票盘中跌幅一度高达15%。分析指出，该公司公布的全年业绩大体符合市场预期，但业绩未能展示出Labubu IP娃娃以外的收入来源出现明显多元化，令投资者感到不满。这一反应凸显出市场对泡泡玛特过度依赖单一核心IP的担忧。Labubu系列长期以来是驱动公司业绩的主要引擎，如何在其热度之外建立可持续的增长支柱，是投资者关注的核心议题。Labubu系列凭借其独特的造型设计和社交媒体传播效应，为泡泡玛特带来了强劲的收入增长，也推动公司股价在过去一段时间大幅攀升。然而，这种高度集中的增长结构，也使公司在IP热度出现波动时面临较大的业绩风险。分析认为，投资者普遍期待泡泡玛特能够及时展示出第二增长曲线的轮廓，而此次业绩未能就此提供充分的说服力，是本次股价大幅回调的直接诱因。IP矩阵：THE MONSTERS跻身“百亿俱乐部”，17个艺术家IP年收入过亿IP是泡泡玛特商业帝国的基石，2025年的IP矩阵表现超越市场所有预期。财报显示，本年度，共有17个艺术家IP年收入超过人民币1亿元。其中，以LABUBU为核心的THE MONSTERS家族一枝独秀，全年收入高达141.6亿元，同比暴增365.7%，单一IP贡献占集团总收入38.1%，成功跻身“百亿IP俱乐部”，亦是2025年全球最具话题度的潮流IP之一。LABUBU第三代搪胶毛绒“前方高能”系列全球发售引爆抢购狂潮，IP更首次受邀参与有百年历史的梅西百货感恩节游行，品牌文化影响力持续破圈。SKULLPANDA（35.4亿元）、CRYBABY（29.3亿元）、MOLLY（29.0亿元）、DIMOO（27.8亿元）排列其后，共同撑起艺术家IP超过330亿元的总收入，占集团总收入90.0%。值得关注的是，新锐IP“星星人”在2024年仅贡献1.2亿元收入，至2025年已飙升至20.6亿元，成为成长速度最快的IP之一，亦印证集团持续孵化新IP的能力。从IP类型看，艺术家IP收入占比从2024年的85.3%提升至90.0%，自主研发IP的护城河愈发深厚；授权IP收入亦增长111.3%至33.8亿元，显示集团在外部IP合作上同样稳步推进。毛绒产品：首次问鼎最大品类，一个品类单年贡献187亿元产品结构的变化是本年度财报另一大看点。财报显示，毛绒产品收入从2024年的28.3亿元爆炸性增长至187.1亿元，增幅高达560.6%，收入占比从21.7%跃升至50.4%，首次超越传统支柱手办系列，成为集团收入规模最大的产品品类。毛绒产品的崛起并非偶然，而是泡泡玛特以IP为核心、深度定制差异化产品策略的成功实践。LABUBU毛绒玩具凭借极强的社交货币属性与展示性、可搭配性，成为从亚洲蔓延至欧美的“配饰”现象，带动整个品类的全球消费热潮。集团亦持续拓展毛绒产品矩阵，覆盖多尺寸、多形态，从而满足不同消费场景和用户群体的需求。相比之下，传统手办虽增长73.3%至120.2亿元，但占比从53.2%回落至32.4%；MEGA系列增速放缓至13.8%，收入19.2亿元，占比收缩至5.2%；衍生品及其他类别同比增长182.1%至44.7亿元，成为另一个正在快速成型的增量品类。海外版图：美洲狂飙748%，全球630家门店覆盖20国地理扩张是本年度业绩超预期的核心驱动力。截至2025年12月31日，泡泡玛特在全球20个国家共运营630家门店，全年净增109家；机器人商店增至2,637台，净增165台。从各区域表现来看：美洲：收入从8.0亿元爆增至68.1亿元，增幅748.4%，门店数量从22家增至64家。在线渠道贡献尤为突出，自研APP及官方网站收入同比增长1,395.4%，TikTok平台收入增长865.9%，在线收入占美洲总收入比例高达64.0%。欧洲及其他地区：收入从2.4亿元增至14.5亿元，增幅506.3%，门店从14家增至36家，并首次进入德国、丹麦等新市场。亚太（不含中国）：收入增长157.6%至80.1亿元，自研APP及官网收入增长378.6%，线下零售店从54家增至85家。中国市场：作为基本盘，增长134.6%至208.5亿元，收入占比从68.2%下降至56.2%，体现出全球化稀释效应。中国在线渠道增长207.4%至85.2亿元，“抽盒机”小程序收入达34.2亿元。值得一提的是，截至2025年底，中国内地累计注册会员达7,258万人（较2024年底增加2,650万人），会员贡献销售额占比93.7%，复购率55.7%，用户黏性持续加强。盈利结构：毛利率创历史新高，规模效应显现毛利率是衡量泡泡玛特商业模式优劣的核心指标。2025年毛利率达72.1%，较上年的66.8%提升5.3个百分点，主要驱动因素有二：一是海外市场销售占比提升带动高毛利产品贡献增加；二是柔性供应链战略持续奏效，集中向核心供应商采购压缩了采购成本。销售成本虽从43.3亿元增至103.6亿元，增幅为139.1%，但显著低于收入184.7%的增速，规模效应初步显现。不过，随着海外业务的高速扩张，费用端压力同步上升：经销及销售开支从36.5亿元增至80.8亿元（+121.4%），运输及物流费用增长280.3%至17.8亿元，是支出增长最快的分项，主要源于跨境物流成本攀升。一般及行政开支从9.5亿元增至17.7亿元（+86.9%），行政及设计开发人员从1,435人增至2,194人。整体而言，经营杠杆效应明显，经营利润率从31.9%大幅提升至45.5%，非国际财务报告准则调整后净利率亦从26.1%提升至35.2%。资产负债：现金充裕，零银行借款，存货大幅扩充资产负债表显示集团财务状况稳健。现金及现金等价物从61.1亿元增至137.8亿元，加上逾三个月定期存款34.5亿元，合计可动用现金资源超过170亿元。截至报告期末，集团无任何银行借款及资产抵押，资产负债率为29.4%，主要由租赁负债及应付款项构成。值得关注的是，存货从15.2亿元大幅攀升至54.7亿元，存货周转天数从102天延长至123天。管理层解释，这主要源于：一是海外业务占比提升，跨境货运周期较长，需要维持更高的安全库存；二是全球新增门店超过100家，备货需求相应增加。虽然存货的绝对规模扩张较快，但结合大幅增长的收入规模，暂未见明显库存风险。贸易应收款项周转天数从11天进一步压缩至7天，显示集团回款效率持续优化。非流动资产中，使用权资产从9.3亿元急增至27.9亿元，印证全球门店扩张带来的租约资产大幅上升；递延所得税资产亦从1.5亿元跃升至17.5亿元，主要来自海外业务的税务亏损确认。","news_type":1,"symbols_score_info":{"09992":1.98,"PMRTY":1.98}},"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546443412299904,"gmtCreate":1774418467535,"gmtModify":1774418469876,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 公司被伊朗炸了也不至于跌这么多吧[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 公司被伊朗炸了也不至于跌这么多吧[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","text":"$泡泡玛特(09992)$ 公司被伊朗炸了也不至于跌这么多吧[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/546443412299904","isVote":1,"tweetType":1,"viewCount":8376,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"5400656025182","authorId":"5400656025182","name":"vision","avatar":"https://static.tigerbbs.com/d67e47e5bb77491f2c37ae81c5386950","crmLevel":7,"crmLevelSwitch":0,"idStr":"5400656025182","authorIdStr":"5400656025182"},"content":"咋了？怎么这么夸张","text":"咋了？怎么这么夸张","html":"咋了？怎么这么夸张"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546443112804504,"gmtCreate":1774418396829,"gmtModify":1774418398659,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575672226475362","authorIdStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 看盘面都是机构在抛，南向散户在接盘[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/09992\">$泡泡玛特(09992)$&nbsp;</a> 看盘面都是机构在抛，南向散户在接盘[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","text":"$泡泡玛特(09992)$ 看盘面都是机构在抛，南向散户在接盘[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546443112804504","isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":563110982144696,"gmtCreate":1778506821055,"gmtModify":1778506823023,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 都怪我，我赌财报从来没赢过[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 都怪我，我赌财报从来没赢过[捂脸]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 都怪我，我赌财报从来没赢过[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":13,"repostSize":0,"link":"https://laohu8.com/post/563110982144696","isVote":1,"tweetType":1,"viewCount":2660,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4121475382077130","authorId":"4121475382077130","name":"发发发財财财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"4121475382077130","idStr":"4121475382077130"},"content":"醒醒发财了","text":"醒醒发财了","html":"醒醒发财了"},{"author":{"id":"4121475382077130","authorId":"4121475382077130","name":"发发发財财财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"4121475382077130","idStr":"4121475382077130"},"content":"低位捞了点，我看的是交易量2倍的增长，明显利好啊","text":"低位捞了点，我看的是交易量2倍的增长，明显利好啊","html":"低位捞了点，我看的是交易量2倍的增长，明显利好啊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563799477126136,"gmtCreate":1778680673525,"gmtModify":1778680675278,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 我走了，你可以涨了[无语]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/ARM\">$ARM Holdings(ARM)$&nbsp;</a> 我走了，你可以涨了[无语]&nbsp;&nbsp;","text":"$ARM Holdings(ARM)$ 我走了，你可以涨了[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563799477126136","isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":541933334454920,"gmtCreate":1773333438150,"gmtModify":1773333440281,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ONDS\">$Ondas Holdings Inc.(ONDS)$ </a> 能不能厚积薄发一波打爆空头","listText":"<a href=\"https://laohu8.com/S/ONDS\">$Ondas Holdings Inc.(ONDS)$ </a> 能不能厚积薄发一波打爆空头","text":"$Ondas Holdings Inc.(ONDS)$ 能不能厚积薄发一波打爆空头","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/541933334454920","isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3502231649014012","authorId":"3502231649014012","name":"HanDong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3502231649014012","idStr":"3502231649014012"},"content":"心急吃不了热豆腐 🤠","text":"心急吃不了热豆腐 🤠","html":"心急吃不了热豆腐 🤠"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":559218183869064,"gmtCreate":1777559573630,"gmtModify":1777559575966,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 吃不消，怎么天天跌[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRCL\">$Circle Internet Corp.(CRCL)$ </a> 吃不消，怎么天天跌[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;[捂脸]&nbsp;&nbsp;","text":"$Circle Internet Corp.(CRCL)$ 吃不消，怎么天天跌[捂脸] [捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":1,"link":"https://laohu8.com/post/559218183869064","isVote":1,"tweetType":1,"viewCount":1619,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4234072989979222","authorId":"4234072989979222","name":"gin晚打老虎","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4234072989979222","idStr":"4234072989979222"},"content":"感觉看趋势已经烂了 财报肯定完蛋","text":"感觉看趋势已经烂了 财报肯定完蛋","html":"感觉看趋势已经烂了 财报肯定完蛋"},{"author":{"id":"3547276153979743","authorId":"3547276153979743","name":"帅气炀","avatar":"https://static.tigerbbs.com/82b6b0263f097ac1e62db6465ce137a2","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3547276153979743","idStr":"3547276153979743"},"content":"政策还没确定，得等等看","text":"政策还没确定，得等等看","html":"政策还没确定，得等等看"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":521009765626504,"gmtCreate":1768182858182,"gmtModify":1768258801598,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 买在无人问津处，现在不买更待何时","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> 买在无人问津处，现在不买更待何时","text":"$小米集团-W(01810)$ 买在无人问津处，现在不买更待何时","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":5,"commentSize":23,"repostSize":2,"link":"https://laohu8.com/post/521009765626504","isVote":1,"tweetType":1,"viewCount":13342,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566290818801808","authorId":"3566290818801808","name":"亿千","avatar":"https://static.tigerbbs.com/b8074aa8994a90800980e41658344389","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3566290818801808","idStr":"3566290818801808"},"content":"太神奇了. 小米股东真的是一群让人觉得提神醒脑的存在","text":"太神奇了. 小米股东真的是一群让人觉得提神醒脑的存在","html":"太神奇了. 小米股东真的是一群让人觉得提神醒脑的存在"},{"author":{"id":"4106371827704990","authorId":"4106371827704990","name":"天上冲蜗牛","avatar":"https://static.tigerbbs.com/a79e1b5e3ff9e7fde1e71e851c611977","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"4106371827704990","idStr":"4106371827704990"},"content":"今天 大买特买 ，37.3 捞到货了🤣","text":"今天 大买特买 ，37.3 捞到货了🤣","html":"今天 大买特买 ，37.3 捞到货了🤣"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546211505509312,"gmtCreate":1774361779926,"gmtModify":1774361782087,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ONDS\">$Ondas Holdings Inc.(ONDS)$ </a> 别洗了，再洗我真要下车了","listText":"<a href=\"https://laohu8.com/S/ONDS\">$Ondas Holdings Inc.(ONDS)$ </a> 别洗了，再洗我真要下车了","text":"$Ondas Holdings Inc.(ONDS)$ 别洗了，再洗我真要下车了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/546211505509312","isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":513516433322912,"gmtCreate":1766415830217,"gmtModify":1766415832535,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> 今天卖掉的人后面要后悔死[真香]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> 今天卖掉的人后面要后悔死[真香]&nbsp;&nbsp;","text":"$特斯拉(TSLA)$ 今天卖掉的人后面要后悔死[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/513516433322912","isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":459931050709784,"gmtCreate":1753324914500,"gmtModify":1753324915829,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01072\">$东方电气(01072)$ </a> 25以上买的还有回本希望么[流泪]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/01072\">$东方电气(01072)$ </a> 25以上买的还有回本希望么[流泪]&nbsp;&nbsp;","text":"$东方电气(01072)$ 25以上买的还有回本希望么[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/459931050709784","isVote":1,"tweetType":1,"viewCount":3138,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091318132229310","authorId":"4091318132229310","name":"天空中最靓的星","avatar":"https://static.tigerbbs.com/ba7f9d021d867d65d39962ed6e93d7a9","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4091318132229310","idStr":"4091318132229310"},"content":"基本没有，庄家早多出货了","text":"基本没有，庄家早多出货了","html":"基本没有，庄家早多出货了"},{"author":{"id":"3547477161802836","authorId":"3547477161802836","name":"股市猎民","avatar":"https://static.tigerbbs.com/9ff392e6a593b6e57a410f7513a289fd","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3547477161802836","idStr":"3547477161802836"},"content":"下周再涨到50块[开心]","text":"下周再涨到50块[开心]","html":"下周再涨到50块[开心]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548115107340320,"gmtCreate":1774840727421,"gmtModify":1774840729349,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 兄弟们，能到400么","listText":"<a href=\"https://laohu8.com/S/03317\">$迅策(03317)$ </a> 兄弟们，能到400么","text":"$迅策(03317)$ 兄弟们，能到400么","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/548115107340320","isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3478412506724111","authorId":"3478412506724111","name":"小学童","avatar":"https://static.tigerbbs.com/f698e3ec63deff4bf89f1caa11ab1c16","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3478412506724111","idStr":"3478412506724111"},"content":"800必到","text":"800必到","html":"800必到"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499822641717888,"gmtCreate":1763052214368,"gmtModify":1763083801750,"author":{"id":"3575672226475362","authorId":"3575672226475362","name":"四甲坝坝主","avatar":"https://static.tigerbbs.com/fed1872f351c3dee0d61a1a366951ef6","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575672226475362","idStr":"3575672226475362"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> 吃不消。。。但我继续加仓[开心]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> 吃不消。。。但我继续加仓[开心]&nbsp;&nbsp;","text":"$特斯拉(TSLA)$ 吃不消。。。但我继续加仓[开心]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":11,"commentSize":12,"repostSize":0,"link":"https://laohu8.com/post/499822641717888","isVote":1,"tweetType":1,"viewCount":6935,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3539837548677360","authorId":"3539837548677360","name":"劫个色","avatar":"https://static.tigerbbs.com/7a8fb1f3fabd1170779bb9c9d4a75377","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3539837548677360","idStr":"3539837548677360"},"content":"所有认知以外的收益，最终会被自己靠真本事输掉！","text":"所有认知以外的收益，最终会被自己靠真本事输掉！","html":"所有认知以外的收益，最终会被自己靠真本事输掉！"},{"author":{"id":"3532600836226527","authorId":"3532600836226527","name":"大鱼海棠_4922","avatar":"https://static.tigerbbs.com/9b23c8adf7d1eae7919cdaccc2da3aa8","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3532600836226527","idStr":"3532600836226527"},"content":"我觉得加早了 还不到时候","text":"我觉得加早了 还不到时候","html":"我觉得加早了 还不到时候"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}