虎骨高的个人主页 - 老虎社区

虎骨高

虎骨高

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IP属地：北京

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2粉丝

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0勋章

01-22 15:20

$腾讯控股(00700)$ 你要跌啥时候

01-09

$腾讯控股(00700)$ 跌跌不休，有完没完了[开心]

2025-12-31

最后一天看你能不能回购达到800个亿的目标[难过]

连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿

2025-12-01

$小米集团-W(01810)$ 继续回购啊雷总[笑哭]

2025-11-28

$腾讯控股(00700)$ 破股天天跌

2025-11-24

$腾讯控股(00700)$ 空空空

2025-11-21

$禾赛(HSAI)$ 凉凉啦

2025-11-18

$禾赛-W(02525)$ 这货完了完了完了

2025-11-12

$禾赛(HSAI)$ 涨的全都跌回来了

2025-11-10

$腾讯控股(00700)$ 涨

2025-11-06

$禾赛-W(02525)$ 几乎就没有成交量，这是啥破股

2025-11-06

$小米集团-W(01810)$

2025-11-05

$禾赛(HSAI)$ 雷达应用的越来越多啦

2025-11-04

$小米集团-W(01810)$

2025-11-04

$小米集团-W(01810)$

2025-11-04

Replying to @葛蓝碧高:快拉倒吧你，马斯克是创新，他是抄袭[喷血]//@葛蓝碧高:雷总跟马斯克差不多，都是很牛逼的人。

2025-11-04

$小米集团-W(01810)$

2025-10-28

$小米集团-W(01810)$

2025-10-28

$小米集团-W(01810)$

2025-10-27

绝不买粗粮[真香]

小米越过山丘还是悬崖，雷军不能这样下去了

去老虎APP查看更多动态

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href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$&nbsp;</a> 跌跌不休，有完没完了[开心]&nbsp;&nbsp;","text":"$腾讯控股(00700)$ 跌跌不休，有完没完了[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519888957846232","isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":516571768955768,"gmtCreate":1767145365060,"gmtModify":1767145367661,"author":{"id":"4133398059071332","authorId":"4133398059071332","name":"虎骨高","avatar":"https://static.tigerbbs.com/36ec2c2d2405aed43a19933c5c6010ce","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4133398059071332","idStr":"4133398059071332"},"themes":[],"title":"","htmlText":"最后一天看你能不能回购达到800个亿的目标[难过]&nbsp;&nbsp;","listText":"最后一天看你能不能回购达到800个亿的目标[难过]&nbsp;&nbsp;","text":"最后一天看你能不能回购达到800个亿的目标[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/516571768955768","repostId":"2595673917","repostType":2,"repost":{"id":"2595673917","kind":"news","pubTimestamp":1767080590,"share":"https://www.laohu8.com/m/news/2595673917?lang=zh_CN&edition=full","pubTime":"2025-12-30 15:43","market":"hk","language":"zh","title":"连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿","url":"https://stock-news.laohu8.com/highlight/detail?id=2595673917","media":"云掌财经","summary":"数据显示，港股通互联网ETF再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“吸金”超10亿，最新基金规模达78.03亿元。2025年港股延续回购热潮，科技巨头成为回购中坚。截至12月26日，腾讯控股以781.30亿港元回购金额位居港股回购榜首，占港股公司回购总额的44.17%，其中11月18日后连续27日回购，累计金额达171.65亿港元。小米集团回购金额达59.86亿港元，也投入30.48亿港元用于回购，此外哔哩哔哩、美团、金山软件等均启动数亿港元规模回购计划。","content":"<html><body><article><p>截至10：37，中证<span>港股通</span>互联网指数（931637）上涨0.28%，<a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a>涨0.77%，<a href=\"https://laohu8.com/S/00700\">腾讯控股</a>跌0.08%，<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>涨0.83%，<a href=\"https://laohu8.com/S/03690\">美团-W</a>跌0.1%，<a href=\"https://laohu8.com/S/00020\">商汤-W</a>涨1.41%，<a href=\"https://laohu8.com/S/06618\">京东健康</a>跌0.35%，<a href=\"https://laohu8.com/S/09626\">哔哩哔哩-W</a>涨0.31%，<a href=\"https://laohu8.com/S/00241\">阿里健康</a>跌0.58%，-W涨0.47%，<a href=\"https://laohu8.com/S/00268\">金蝶国际</a>涨0.08%。</p><p>数据显示，港股通互联网ETF（513040）再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“吸金”超10亿，最新基金规模达78.03亿元。</p><p>2025年港股延续<span>回购</span>热潮，科技巨头成为回购<a href=\"https://laohu8.com/S/002779\">中坚</a>。截至12月26日，腾讯控股以781.30亿港元回购金额位居港股回购榜首，占港股公司回购总额的44.17%，其中11月18日后连续27日回购，累计金额达171.65亿港元。小米集团回购金额达59.86亿港元，也投入30.48亿港元用于回购，此外<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>、<a href=\"https://laohu8.com/S/MPNGY\">美团</a>、<a href=\"https://laohu8.com/S/KSFTF\">金山软件</a>等均启动数亿港元规模回购计划。</p><p><a href=\"https://laohu8.com/S/600999\">招商证券</a>表示，2026年，港股将从估值修复主导，迈向盈利增长主导。港股市场慢牛行情有望延续，预计成长风格仍然是明年的主线，看好AI产业链等市场机会。</p><p>港股通互联网ETF（513040）紧密跟踪中证港股通互联网指数，该指数从港股通范围内选取30家涉及互联网相关业务的上市公司证券作为指数样本。前五大权重股包括<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、腾讯控股、小米集团、美团、商汤，合计占比达57.41%，港股科技巨头占比高。</p><p>从估值层面来看，港股通互联网ETF(513040)跟踪的中证港股通互联网指数估值处于历史低位，最新市盈率（PE-TTM）仅24.38倍，处于指数成立以来25.1%的分位，即估值低于数成立以来74.9%的时间。</p><p>关联产品：</p><p>港股通互联网ETF（513040），场外联接（A类：019313；C类：019314）：一键跟踪中国互联网巨头，把握AI主升浪行情！</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>连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿</title>\n<style 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251230154316a6e0463c&s=b><strong>云掌财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>截至10：37，中证港股通互联网指数（931637）上涨0.28%，阿里巴巴-W涨0.77%，腾讯控股跌0.08%，小米集团-W涨0.83%，美团-W跌0.1%，商汤-W涨1.41%，京东健康跌0.35%，哔哩哔哩-W涨0.31%，阿里健康跌0.58%，-W涨0.47%，金蝶国际涨0.08%。数据显示，港股通互联网ETF（513040）再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251230154316a6e0463c&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"513040":"港股通互联网ETF易方达","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0054450605.USD":"HSBC GIF 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src=\"https://fid-75186.picgzc.qpic.cn/20251027170614767v201tvrqeo6af75\"/><p><strong>机构预测分歧加剧</strong></p><p>机出货量预测下调200万台，并调低毛利率假设。</p><p>不过，花旗维持对<a href=\"https://laohu8.com/S/XIACY\">小米</a>的“买入”资本市场对<a href=\"https://laohu8.com/S/81810\">小米</a>的态度正呈现明显分化。</p><p>花旗在10月下旬发布的研报中明确指出，小米集团2025年第三季度小米集团调整后<span>净利润</span>达102亿元人民币（按年增长64%，按季度减5%），受智能手机毛利率因地区组合不利及内存产品价格上涨而拖累，以及物联网收入因中国补贴效应减弱所影响。</p><p><strong>花旗将其2025至2027年智能手评级，目标价从66港元微降至65港元，因长期增长主题不变。</strong></p><p>与之形成对比的是<a href=\"https://laohu8.com/S/601688\">华泰证券</a>的乐观预判，该行预计小米Q3汽车业务<span>出货</span>约10.9万台，实现收入286亿元，毛利率维持在26%以上的较高水平，因此维持“买入”评级。</p><p><a href=\"https://laohu8.com/S/601995\">中金公司</a>10月27日发布研报称，预计三季度经调整净利润同比增长68.88%，主要受益于手机高端化进展及汽车业务首次盈利。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170615550v201c21sigwjiip\"/><p>尽管存储成本上涨带来压力，但整体盈利能力改善趋势明确，汽车产能释放与新车型推出将驱动未来利润加速释放。</p><p>雪球平台的行业分析则给出了更长期的市值展望，认为若汽车业务放量与AI技术突破形成共振，小米市值有望突破2.5万亿港元，甚至挑战4万亿港元天花板。</p><p>但这种乐观预期难以掩盖短期业绩压力，截至10月27日，<strong>已有多家国际投行下调小米目标价，其中瑞银在今年8月份就将小米目标价从62港元调至60港元。</strong></p><p><a href=\"https://laohu8.com/S/HSBC\">汇丰</a>也在8月份将小米集团2025至2027年净利润预测下调5%至6%。目标价下调至75.9港元，原因为供应链限制对电动车业务扩张的影响，以及2025年第三季度传统淡季和新机发布减少对智能手机出货量的制约。</p><p>从历史财务数据来看，小米的业绩波动已显现端倪。</p><p>2025年上半年，公司实现总营收2272.49亿元，归母净利润228.29亿元，净利润率达10.02%，但这一亮眼数据主要依赖Q1的爆发式增长，Q2以来智能手机业务增速放缓。</p><p>根据IDC，3Q25小米全球智能手机出货量同比增长1.8%至4350万台，其中中国市场同比略降1.7%至1000万台，该行判断主因“国补”退坡。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170625255v201qgbbud0bjd3\"/><p><strong>生态战略遇阻</strong></p><p>小米“手机×AIoT×汽”的生态蓝图看似宏伟，实则在研发与制造环节暗藏隐忧。</p><p>在研发端，尽管公司过去5年累计投入1050亿元，2025年预计研发投入超300亿元，其中75亿元专项用于自动驾驶技术优化，但研发资源的分散导致核心业务突破乏力。</p><p>智能手机领域，自研芯片“玄戒O1”虽号称综合性能接近<a href=\"https://laohu8.com/S/QCOM\">高通</a>骁龙8Gen2，却迟迟未能实现大规模量产，高端机型仍高度依赖高通芯片供应；IoT业务则陷入“规模不经济”的怪圈，连接设备超9亿台的背后，是白电、智能家居等品类的同质化竞争。</p><p><strong>制造环节的问题则更为突出。</strong></p><p>汽车业务作为小米的战略重心，产能与品控现在都出了问题。</p><p>特别是小米汽车的品控缺陷引发的信任危机持续发酵。3月29日安徽铜陵高速上，小米SU7在NOA辅助驾驶状态下以97km/h时速撞上水泥桩，碰撞后车门无法打开且迅速起火，导致3人遇难。</p><p>更令人诟病的是，SU7 Ultra车型宣传的“碳纤维双风道前舱盖”被车主实测为普通铝制结构，引发大规模维权事件，尽管小米提出补偿方案，但未能平息消费者不满。</p><p>供应链管理的短板也在加剧困境。</p><p>小米汽车核心零部件和电机、电控等关键部件依赖外部供应商，导致成本控制难度加大。高额的研发与供应链成本让小米汽车陷入“卖得越多，亏得越多”的尴尬境地。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170625867v201311w9kbn1k3\"/><p><strong>雷军公信力遇冷</strong></p><p>如果说研发制造问题是小米的“内伤”，那么汽车安全事故引发的品牌危机则是“外伤”，且已严重伤及雷军本人的公信力。</p><p>尤其是3月底铜陵高速事故发生后，小米汽车销量急剧下降，<strong>零售销量从3月的2.92万辆下降到一个月后的2.72万辆。</strong></p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170638901v201cv0qvp11enb\"/><p>更致命的是成都天府大道事故后的公关失当。</p><p>10月13日凌晨，一辆小米SU7在成都街头失控撞击后迅速起火，由于车门无法从外部打开，施救的路人只能看着汽车燃爆。</p><p>事件一出，瞬间点燃了公众对小米汽车安全性的疑虑，小米的股价应声下跌，跌幅一度达8.74％、蒸发市值近千亿。</p><p>尽管该事故主要责任在于车主酒驾超速，但车辆碰撞后起火、车窗无法砸破的细节再次引发公众对安全设计的质疑，而小米选择的长时间沉默，与雷军在世界智能网联汽车大会上“共同抵制网络水军和黑公关”的呼吁形成强烈反差。</p><p>《钱江晚报》发文尖锐批评：“企业不应将安全质疑与黑公关混为一谈，这种偷换概念实质是转移焦点”，胡锡进也评论指出“小米已给公众留下傲慢的印象”。</p><p>对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。</p><p>从最初“135km/h能刹停故障车”的高调宣传，到事故后未能兑现的安全承诺，雷军的个人IP与小米品牌深度绑定的优势，如今已转化为劣势。</p><p>尽管<a href=\"https://laohu8.com/S/603000\">人民网</a>曾发文肯定小米在芯片、新能源车领域的创新，称“没有不可逾越的高山”，但消费者的信任重建并非易事，很多消费者表示，将观望安全整改结果再决定是否购买。</p><p>如果小米不能正视研发制造的短板，不能修复受损的品牌信任，那么越过一座山丘后，等待小米的可能是更高的悬崖。</p><p><strong>雷军和小米，真的不能再这样下去了。</strong></p><p>编辑校对 |保镖</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米越过山丘还是悬崖，雷军不能这样下去了</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米越过山丘还是悬崖，雷军不能这样下去了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-27 16:53 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251027170707a47743ad&s=b><strong>深水财经社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。作者 | 深水财经社纳兰10月27日的港股早盘，小米集团-W（01810.HK）的股价的一波大跳水惊出投资者一身冷汗，一度跌超4%至43.88港元，创下今年4月以来的最低纪录，直到下午又缓慢回升，跌幅收窄至1%以内。这波大跌的诱因是花旗集团在最新研报中发布的业绩预警，预计11月18日公布的2025年第三季度业绩将略低于预期，该...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251027170707a47743ad&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0211977185.USD":"EASTSPRING 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深水财经社纳兰10月27日的港股早盘，小米集团-W（01810.HK）的股价的一波大跳水惊出投资者一身冷汗，一度跌超4%至43.88港元，创下今年4月以来的最低纪录，直到下午又缓慢回升，跌幅收窄至1%以内。这波大跌的诱因是花旗集团在最新研报中发布的业绩预警，预计11月18日公布的2025年第三季度业绩将略低于预期，该报告预测智能手机毛利率下滑与IoT业务收入不及预期，而曾被寄予厚望的“人车家全生态”战略，正遭遇消费者和投资者的双重质疑。机构预测分歧加剧机出货量预测下调200万台，并调低毛利率假设。不过，花旗维持对小米的“买入”资本市场对小米的态度正呈现明显分化。花旗在10月下旬发布的研报中明确指出，小米集团2025年第三季度小米集团调整后净利润达102亿元人民币（按年增长64%，按季度减5%），受智能手机毛利率因地区组合不利及内存产品价格上涨而拖累，以及物联网收入因中国补贴效应减弱所影响。花旗将其2025至2027年智能手评级，目标价从66港元微降至65港元，因长期增长主题不变。与之形成对比的是华泰证券的乐观预判，该行预计小米Q3汽车业务出货约10.9万台，实现收入286亿元，毛利率维持在26%以上的较高水平，因此维持“买入”评级。中金公司10月27日发布研报称，预计三季度经调整净利润同比增长68.88%，主要受益于手机高端化进展及汽车业务首次盈利。尽管存储成本上涨带来压力，但整体盈利能力改善趋势明确，汽车产能释放与新车型推出将驱动未来利润加速释放。雪球平台的行业分析则给出了更长期的市值展望，认为若汽车业务放量与AI技术突破形成共振，小米市值有望突破2.5万亿港元，甚至挑战4万亿港元天花板。但这种乐观预期难以掩盖短期业绩压力，截至10月27日，已有多家国际投行下调小米目标价，其中瑞银在今年8月份就将小米目标价从62港元调至60港元。汇丰也在8月份将小米集团2025至2027年净利润预测下调5%至6%。目标价下调至75.9港元，原因为供应链限制对电动车业务扩张的影响，以及2025年第三季度传统淡季和新机发布减少对智能手机出货量的制约。从历史财务数据来看，小米的业绩波动已显现端倪。2025年上半年，公司实现总营收2272.49亿元，归母净利润228.29亿元，净利润率达10.02%，但这一亮眼数据主要依赖Q1的爆发式增长，Q2以来智能手机业务增速放缓。根据IDC，3Q25小米全球智能手机出货量同比增长1.8%至4350万台，其中中国市场同比略降1.7%至1000万台，该行判断主因“国补”退坡。生态战略遇阻小米“手机×AIoT×汽”的生态蓝图看似宏伟，实则在研发与制造环节暗藏隐忧。在研发端，尽管公司过去5年累计投入1050亿元，2025年预计研发投入超300亿元，其中75亿元专项用于自动驾驶技术优化，但研发资源的分散导致核心业务突破乏力。智能手机领域，自研芯片“玄戒O1”虽号称综合性能接近高通骁龙8Gen2，却迟迟未能实现大规模量产，高端机型仍高度依赖高通芯片供应；IoT业务则陷入“规模不经济”的怪圈，连接设备超9亿台的背后，是白电、智能家居等品类的同质化竞争。制造环节的问题则更为突出。汽车业务作为小米的战略重心，产能与品控现在都出了问题。特别是小米汽车的品控缺陷引发的信任危机持续发酵。3月29日安徽铜陵高速上，小米SU7在NOA辅助驾驶状态下以97km/h时速撞上水泥桩，碰撞后车门无法打开且迅速起火，导致3人遇难。更令人诟病的是，SU7 Ultra车型宣传的“碳纤维双风道前舱盖”被车主实测为普通铝制结构，引发大规模维权事件，尽管小米提出补偿方案，但未能平息消费者不满。供应链管理的短板也在加剧困境。小米汽车核心零部件和电机、电控等关键部件依赖外部供应商，导致成本控制难度加大。高额的研发与供应链成本让小米汽车陷入“卖得越多，亏得越多”的尴尬境地。雷军公信力遇冷如果说研发制造问题是小米的“内伤”，那么汽车安全事故引发的品牌危机则是“外伤”，且已严重伤及雷军本人的公信力。尤其是3月底铜陵高速事故发生后，小米汽车销量急剧下降，零售销量从3月的2.92万辆下降到一个月后的2.72万辆。更致命的是成都天府大道事故后的公关失当。10月13日凌晨，一辆小米SU7在成都街头失控撞击后迅速起火，由于车门无法从外部打开，施救的路人只能看着汽车燃爆。事件一出，瞬间点燃了公众对小米汽车安全性的疑虑，小米的股价应声下跌，跌幅一度达8.74％、蒸发市值近千亿。尽管该事故主要责任在于车主酒驾超速，但车辆碰撞后起火、车窗无法砸破的细节再次引发公众对安全设计的质疑，而小米选择的长时间沉默，与雷军在世界智能网联汽车大会上“共同抵制网络水军和黑公关”的呼吁形成强烈反差。《钱江晚报》发文尖锐批评：“企业不应将安全质疑与黑公关混为一谈，这种偷换概念实质是转移焦点”，胡锡进也评论指出“小米已给公众留下傲慢的印象”。对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。从最初“135km/h能刹停故障车”的高调宣传，到事故后未能兑现的安全承诺，雷军的个人IP与小米品牌深度绑定的优势，如今已转化为劣势。尽管人民网曾发文肯定小米在芯片、新能源车领域的创新，称“没有不可逾越的高山”，但消费者的信任重建并非易事，很多消费者表示，将观望安全整改结果再决定是否购买。如果小米不能正视研发制造的短板，不能修复受损的品牌信任，那么越过一座山丘后，等待小米的可能是更高的悬崖。雷军和小米，真的不能再这样下去了。编辑校对 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16:53","market":"hk","language":"zh","title":"小米越过山丘还是悬崖，雷军不能这样下去了","url":"https://stock-news.laohu8.com/highlight/detail?id=2578164316","media":"深水财经社","summary":"10月13日凌晨，一辆小米SU7在成都街头失控撞击后迅速起火，由于车门无法从外部打开，施救的路人只能看着汽车燃爆。事件一出，瞬间点燃了公众对小米汽车安全性的疑虑，小米的股价应声下跌，跌幅一度达8.74％、蒸发市值近千亿。如果小米不能正视研发制造的短板，不能修复受损的品牌信任，那么越过一座山丘后，等待小米的可能是更高的悬崖。雷军和小米，真的不能再这样下去了。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170604081v201ibfkcvlaq99\"/><p>对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。</p><p><strong>作者 | 深水财经社</strong><strong>纳兰</strong></p><p>10月27日的港股早盘，<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>（01810.HK）的股价的一波大跳水惊出投资者一身冷汗，<strong>一度跌超4%至43.88港元，创下今年4月以来的最低纪</strong>录，直到下午又缓慢回升，跌幅收窄至1%以内。</p><p>这波大跌的诱因是花旗集团在最新研报中发布的业绩预警，预计11月18日公布的2025年第三季度业绩将略低于预期，该报告预测智能手机毛利率下滑与IoT业务收入不及预期，而曾被寄予厚望的“人车家全生态”战略，正遭遇消费者和投资者的双重质疑。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170606636v201ro6v1lj7mqr\"/><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170614767v201tvrqeo6af75\"/><p><strong>机构预测分歧加剧</strong></p><p>机出货量预测下调200万台，并调低毛利率假设。</p><p>不过，花旗维持对<a href=\"https://laohu8.com/S/XIACY\">小米</a>的“买入”资本市场对<a href=\"https://laohu8.com/S/81810\">小米</a>的态度正呈现明显分化。</p><p>花旗在10月下旬发布的研报中明确指出，小米集团2025年第三季度小米集团调整后<span>净利润</span>达102亿元人民币（按年增长64%，按季度减5%），受智能手机毛利率因地区组合不利及内存产品价格上涨而拖累，以及物联网收入因中国补贴效应减弱所影响。</p><p><strong>花旗将其2025至2027年智能手评级，目标价从66港元微降至65港元，因长期增长主题不变。</strong></p><p>与之形成对比的是<a href=\"https://laohu8.com/S/601688\">华泰证券</a>的乐观预判，该行预计小米Q3汽车业务<span>出货</span>约10.9万台，实现收入286亿元，毛利率维持在26%以上的较高水平，因此维持“买入”评级。</p><p><a href=\"https://laohu8.com/S/601995\">中金公司</a>10月27日发布研报称，预计三季度经调整净利润同比增长68.88%，主要受益于手机高端化进展及汽车业务首次盈利。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170615550v201c21sigwjiip\"/><p>尽管存储成本上涨带来压力，但整体盈利能力改善趋势明确，汽车产能释放与新车型推出将驱动未来利润加速释放。</p><p>雪球平台的行业分析则给出了更长期的市值展望，认为若汽车业务放量与AI技术突破形成共振，小米市值有望突破2.5万亿港元，甚至挑战4万亿港元天花板。</p><p>但这种乐观预期难以掩盖短期业绩压力，截至10月27日，<strong>已有多家国际投行下调小米目标价，其中瑞银在今年8月份就将小米目标价从62港元调至60港元。</strong></p><p><a href=\"https://laohu8.com/S/HSBC\">汇丰</a>也在8月份将小米集团2025至2027年净利润预测下调5%至6%。目标价下调至75.9港元，原因为供应链限制对电动车业务扩张的影响，以及2025年第三季度传统淡季和新机发布减少对智能手机出货量的制约。</p><p>从历史财务数据来看，小米的业绩波动已显现端倪。</p><p>2025年上半年，公司实现总营收2272.49亿元，归母净利润228.29亿元，净利润率达10.02%，但这一亮眼数据主要依赖Q1的爆发式增长，Q2以来智能手机业务增速放缓。</p><p>根据IDC，3Q25小米全球智能手机出货量同比增长1.8%至4350万台，其中中国市场同比略降1.7%至1000万台，该行判断主因“国补”退坡。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170625255v201qgbbud0bjd3\"/><p><strong>生态战略遇阻</strong></p><p>小米“手机×AIoT×汽”的生态蓝图看似宏伟，实则在研发与制造环节暗藏隐忧。</p><p>在研发端，尽管公司过去5年累计投入1050亿元，2025年预计研发投入超300亿元，其中75亿元专项用于自动驾驶技术优化，但研发资源的分散导致核心业务突破乏力。</p><p>智能手机领域，自研芯片“玄戒O1”虽号称综合性能接近<a href=\"https://laohu8.com/S/QCOM\">高通</a>骁龙8Gen2，却迟迟未能实现大规模量产，高端机型仍高度依赖高通芯片供应；IoT业务则陷入“规模不经济”的怪圈，连接设备超9亿台的背后，是白电、智能家居等品类的同质化竞争。</p><p><strong>制造环节的问题则更为突出。</strong></p><p>汽车业务作为小米的战略重心，产能与品控现在都出了问题。</p><p>特别是小米汽车的品控缺陷引发的信任危机持续发酵。3月29日安徽铜陵高速上，小米SU7在NOA辅助驾驶状态下以97km/h时速撞上水泥桩，碰撞后车门无法打开且迅速起火，导致3人遇难。</p><p>更令人诟病的是，SU7 Ultra车型宣传的“碳纤维双风道前舱盖”被车主实测为普通铝制结构，引发大规模维权事件，尽管小米提出补偿方案，但未能平息消费者不满。</p><p>供应链管理的短板也在加剧困境。</p><p>小米汽车核心零部件和电机、电控等关键部件依赖外部供应商，导致成本控制难度加大。高额的研发与供应链成本让小米汽车陷入“卖得越多，亏得越多”的尴尬境地。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170625867v201311w9kbn1k3\"/><p><strong>雷军公信力遇冷</strong></p><p>如果说研发制造问题是小米的“内伤”，那么汽车安全事故引发的品牌危机则是“外伤”，且已严重伤及雷军本人的公信力。</p><p>尤其是3月底铜陵高速事故发生后，小米汽车销量急剧下降，<strong>零售销量从3月的2.92万辆下降到一个月后的2.72万辆。</strong></p><img src=\"https://fid-75186.picgzc.qpic.cn/20251027170638901v201cv0qvp11enb\"/><p>更致命的是成都天府大道事故后的公关失当。</p><p>10月13日凌晨，一辆小米SU7在成都街头失控撞击后迅速起火，由于车门无法从外部打开，施救的路人只能看着汽车燃爆。</p><p>事件一出，瞬间点燃了公众对小米汽车安全性的疑虑，小米的股价应声下跌，跌幅一度达8.74％、蒸发市值近千亿。</p><p>尽管该事故主要责任在于车主酒驾超速，但车辆碰撞后起火、车窗无法砸破的细节再次引发公众对安全设计的质疑，而小米选择的长时间沉默，与雷军在世界智能网联汽车大会上“共同抵制网络水军和黑公关”的呼吁形成强烈反差。</p><p>《钱江晚报》发文尖锐批评：“企业不应将安全质疑与黑公关混为一谈，这种偷换概念实质是转移焦点”，胡锡进也评论指出“小米已给公众留下傲慢的印象”。</p><p>对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。</p><p>从最初“135km/h能刹停故障车”的高调宣传，到事故后未能兑现的安全承诺，雷军的个人IP与小米品牌深度绑定的优势，如今已转化为劣势。</p><p>尽管<a href=\"https://laohu8.com/S/603000\">人民网</a>曾发文肯定小米在芯片、新能源车领域的创新，称“没有不可逾越的高山”，但消费者的信任重建并非易事，很多消费者表示，将观望安全整改结果再决定是否购买。</p><p>如果小米不能正视研发制造的短板，不能修复受损的品牌信任，那么越过一座山丘后，等待小米的可能是更高的悬崖。</p><p><strong>雷军和小米，真的不能再这样下去了。</strong></p><p>编辑校对 |保镖</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\" 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251027170707a47743ad&s=b><strong>深水财经社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。作者 | 深水财经社纳兰10月27日的港股早盘，小米集团-W（01810.HK）的股价的一波大跳水惊出投资者一身冷汗，一度跌超4%至43.88港元，创下今年4月以来的最低纪录，直到下午又缓慢回升，跌幅收窄至1%以内。这波大跌的诱因是花旗集团在最新研报中发布的业绩预警，预计11月18日公布的2025年第三季度业绩将略低于预期，该...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251027170707a47743ad&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0211977185.USD":"EASTSPRING 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深水财经社纳兰10月27日的港股早盘，小米集团-W（01810.HK）的股价的一波大跳水惊出投资者一身冷汗，一度跌超4%至43.88港元，创下今年4月以来的最低纪录，直到下午又缓慢回升，跌幅收窄至1%以内。这波大跌的诱因是花旗集团在最新研报中发布的业绩预警，预计11月18日公布的2025年第三季度业绩将略低于预期，该报告预测智能手机毛利率下滑与IoT业务收入不及预期，而曾被寄予厚望的“人车家全生态”战略，正遭遇消费者和投资者的双重质疑。机构预测分歧加剧机出货量预测下调200万台，并调低毛利率假设。不过，花旗维持对小米的“买入”资本市场对小米的态度正呈现明显分化。花旗在10月下旬发布的研报中明确指出，小米集团2025年第三季度小米集团调整后净利润达102亿元人民币（按年增长64%，按季度减5%），受智能手机毛利率因地区组合不利及内存产品价格上涨而拖累，以及物联网收入因中国补贴效应减弱所影响。花旗将其2025至2027年智能手评级，目标价从66港元微降至65港元，因长期增长主题不变。与之形成对比的是华泰证券的乐观预判，该行预计小米Q3汽车业务出货约10.9万台，实现收入286亿元，毛利率维持在26%以上的较高水平，因此维持“买入”评级。中金公司10月27日发布研报称，预计三季度经调整净利润同比增长68.88%，主要受益于手机高端化进展及汽车业务首次盈利。尽管存储成本上涨带来压力，但整体盈利能力改善趋势明确，汽车产能释放与新车型推出将驱动未来利润加速释放。雪球平台的行业分析则给出了更长期的市值展望，认为若汽车业务放量与AI技术突破形成共振，小米市值有望突破2.5万亿港元，甚至挑战4万亿港元天花板。但这种乐观预期难以掩盖短期业绩压力，截至10月27日，已有多家国际投行下调小米目标价，其中瑞银在今年8月份就将小米目标价从62港元调至60港元。汇丰也在8月份将小米集团2025至2027年净利润预测下调5%至6%。目标价下调至75.9港元，原因为供应链限制对电动车业务扩张的影响，以及2025年第三季度传统淡季和新机发布减少对智能手机出货量的制约。从历史财务数据来看，小米的业绩波动已显现端倪。2025年上半年，公司实现总营收2272.49亿元，归母净利润228.29亿元，净利润率达10.02%，但这一亮眼数据主要依赖Q1的爆发式增长，Q2以来智能手机业务增速放缓。根据IDC，3Q25小米全球智能手机出货量同比增长1.8%至4350万台，其中中国市场同比略降1.7%至1000万台，该行判断主因“国补”退坡。生态战略遇阻小米“手机×AIoT×汽”的生态蓝图看似宏伟，实则在研发与制造环节暗藏隐忧。在研发端，尽管公司过去5年累计投入1050亿元，2025年预计研发投入超300亿元，其中75亿元专项用于自动驾驶技术优化，但研发资源的分散导致核心业务突破乏力。智能手机领域，自研芯片“玄戒O1”虽号称综合性能接近高通骁龙8Gen2，却迟迟未能实现大规模量产，高端机型仍高度依赖高通芯片供应；IoT业务则陷入“规模不经济”的怪圈，连接设备超9亿台的背后，是白电、智能家居等品类的同质化竞争。制造环节的问题则更为突出。汽车业务作为小米的战略重心，产能与品控现在都出了问题。特别是小米汽车的品控缺陷引发的信任危机持续发酵。3月29日安徽铜陵高速上，小米SU7在NOA辅助驾驶状态下以97km/h时速撞上水泥桩，碰撞后车门无法打开且迅速起火，导致3人遇难。更令人诟病的是，SU7 Ultra车型宣传的“碳纤维双风道前舱盖”被车主实测为普通铝制结构，引发大规模维权事件，尽管小米提出补偿方案，但未能平息消费者不满。供应链管理的短板也在加剧困境。小米汽车核心零部件和电机、电控等关键部件依赖外部供应商，导致成本控制难度加大。高额的研发与供应链成本让小米汽车陷入“卖得越多，亏得越多”的尴尬境地。雷军公信力遇冷如果说研发制造问题是小米的“内伤”，那么汽车安全事故引发的品牌危机则是“外伤”，且已严重伤及雷军本人的公信力。尤其是3月底铜陵高速事故发生后，小米汽车销量急剧下降，零售销量从3月的2.92万辆下降到一个月后的2.72万辆。更致命的是成都天府大道事故后的公关失当。10月13日凌晨，一辆小米SU7在成都街头失控撞击后迅速起火，由于车门无法从外部打开，施救的路人只能看着汽车燃爆。事件一出，瞬间点燃了公众对小米汽车安全性的疑虑，小米的股价应声下跌，跌幅一度达8.74％、蒸发市值近千亿。尽管该事故主要责任在于车主酒驾超速，但车辆碰撞后起火、车窗无法砸破的细节再次引发公众对安全设计的质疑，而小米选择的长时间沉默，与雷军在世界智能网联汽车大会上“共同抵制网络水军和黑公关”的呼吁形成强烈反差。《钱江晚报》发文尖锐批评：“企业不应将安全质疑与黑公关混为一谈，这种偷换概念实质是转移焦点”，胡锡进也评论指出“小米已给公众留下傲慢的印象”。对于押上“全部声誉”造车的雷军而言，品牌形象的崩塌比业绩下滑更为致命。从最初“135km/h能刹停故障车”的高调宣传，到事故后未能兑现的安全承诺，雷军的个人IP与小米品牌深度绑定的优势，如今已转化为劣势。尽管人民网曾发文肯定小米在芯片、新能源车领域的创新，称“没有不可逾越的高山”，但消费者的信任重建并非易事，很多消费者表示，将观望安全整改结果再决定是否购买。如果小米不能正视研发制造的短板，不能修复受损的品牌信任，那么越过一座山丘后，等待小米的可能是更高的悬崖。雷军和小米，真的不能再这样下去了。编辑校对 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几乎就没有成交量，这是啥破股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/497243614585728","isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":405563542843760,"gmtCreate":1740041343648,"gmtModify":1740041690036,"author":{"id":"4133398059071332","authorId":"4133398059071332","name":"虎骨高","avatar":"https://static.tigerbbs.com/36ec2c2d2405aed43a19933c5c6010ce","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4133398059071332","idStr":"4133398059071332"},"themes":[],"htmlText":"除了会报警还会啥？","listText":"除了会报警还会啥？","text":"除了会报警还会啥？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/405563542843760","repostId":"1122539036","repostType":2,"repost":{"id":"1122539036","kind":"news","pubTimestamp":1740040016,"share":"https://www.laohu8.com/m/news/1122539036?lang=zh_CN&edition=full","pubTime":"2025-02-20 16:26","market":"sg","language":"zh","title":"蔚来官方发文辟谣“裁员50%”，称法务部门已报警","url":"https://stock-news.laohu8.com/highlight/detail?id=1122539036","media":"新浪科技","summary":"离谱到家。","content":"<html><head></head><body><p>2月19日晚间，蔚来官方账号“蔚来小喇叭”发文称，“网传某豪华车企裁员50%，评论区有人带节奏是蔚来，特地找公司HR负责人做了核实，果然又被他吐槽了一番：离谱到家。小喇叭听说法务部同事已经报警了，发造谣帖的兄弟，悠着点吧。”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95f6659bcd078f72273bd40ab1caa5b1\" alt=\"\" title=\"\" tg-width=\"550\" tg-height=\"2064\"/></p><p><br/></p></body></html>","source":"sina_tech","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>蔚来官方发文辟谣“裁员50%”，称法务部门已报警</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蔚来官方发文辟谣“裁员50%”，称法务部门已报警\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-20 16:26 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/tech/shenji/2025-02-20/doc-inemawiq2602295.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>2月19日晚间，蔚来官方账号“蔚来小喇叭”发文称，“网传某豪华车企裁员50%，评论区有人带节奏是蔚来，特地找公司HR负责人做了核实，果然又被他吐槽了一番：离谱到家。小喇叭听说法务部同事已经报警了，发造谣帖的兄弟，悠着点吧。”</p>\n\n<a href=\"https://finance.sina.com.cn/tech/shenji/2025-02-20/doc-inemawiq2602295.shtml\">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/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来","09866":"蔚来-SW"},"source_url":"https://finance.sina.com.cn/tech/shenji/2025-02-20/doc-inemawiq2602295.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122539036","content_text":"2月19日晚间，蔚来官方账号“蔚来小喇叭”发文称，“网传某豪华车企裁员50%，评论区有人带节奏是蔚来，特地找公司HR负责人做了核实，果然又被他吐槽了一番：离谱到家。小喇叭听说法务部同事已经报警了，发造谣帖的兄弟，悠着点吧。”","news_type":1,"symbols_score_info":{"NIO":1.1,"09866":1.1,"NIO.SI":1.1}},"isVote":1,"tweetType":1,"viewCount":3188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519888957846232,"gmtCreate":1767947270281,"gmtModify":1767947272452,"author":{"id":"4133398059071332","authorId":"4133398059071332","name":"虎骨高","avatar":"https://static.tigerbbs.com/36ec2c2d2405aed43a19933c5c6010ce","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4133398059071332","idStr":"4133398059071332"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$&nbsp;</a> 跌跌不休，有完没完了[开心]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$&nbsp;</a> 跌跌不休，有完没完了[开心]&nbsp;&nbsp;","text":"$腾讯控股(00700)$ 跌跌不休，有完没完了[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519888957846232","isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":516571768955768,"gmtCreate":1767145365060,"gmtModify":1767145367661,"author":{"id":"4133398059071332","authorId":"4133398059071332","name":"虎骨高","avatar":"https://static.tigerbbs.com/36ec2c2d2405aed43a19933c5c6010ce","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4133398059071332","idStr":"4133398059071332"},"themes":[],"title":"","htmlText":"最后一天看你能不能回购达到800个亿的目标[难过]&nbsp;&nbsp;","listText":"最后一天看你能不能回购达到800个亿的目标[难过]&nbsp;&nbsp;","text":"最后一天看你能不能回购达到800个亿的目标[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/516571768955768","repostId":"2595673917","repostType":2,"repost":{"id":"2595673917","kind":"news","pubTimestamp":1767080590,"share":"https://www.laohu8.com/m/news/2595673917?lang=zh_CN&edition=full","pubTime":"2025-12-30 15:43","market":"hk","language":"zh","title":"连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿","url":"https://stock-news.laohu8.com/highlight/detail?id=2595673917","media":"云掌财经","summary":"数据显示，港股通互联网ETF再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“吸金”超10亿，最新基金规模达78.03亿元。2025年港股延续回购热潮，科技巨头成为回购中坚。截至12月26日，腾讯控股以781.30亿港元回购金额位居港股回购榜首，占港股公司回购总额的44.17%，其中11月18日后连续27日回购，累计金额达171.65亿港元。小米集团回购金额达59.86亿港元，也投入30.48亿港元用于回购，此外哔哩哔哩、美团、金山软件等均启动数亿港元规模回购计划。","content":"<html><body><article><p>截至10：37，中证<span>港股通</span>互联网指数（931637）上涨0.28%，<a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a>涨0.77%，<a href=\"https://laohu8.com/S/00700\">腾讯控股</a>跌0.08%，<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>涨0.83%，<a href=\"https://laohu8.com/S/03690\">美团-W</a>跌0.1%，<a href=\"https://laohu8.com/S/00020\">商汤-W</a>涨1.41%，<a href=\"https://laohu8.com/S/06618\">京东健康</a>跌0.35%，<a href=\"https://laohu8.com/S/09626\">哔哩哔哩-W</a>涨0.31%，<a href=\"https://laohu8.com/S/00241\">阿里健康</a>跌0.58%，-W涨0.47%，<a href=\"https://laohu8.com/S/00268\">金蝶国际</a>涨0.08%。</p><p>数据显示，港股通互联网ETF（513040）再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“吸金”超10亿，最新基金规模达78.03亿元。</p><p>2025年港股延续<span>回购</span>热潮，科技巨头成为回购<a href=\"https://laohu8.com/S/002779\">中坚</a>。截至12月26日，腾讯控股以781.30亿港元回购金额位居港股回购榜首，占港股公司回购总额的44.17%，其中11月18日后连续27日回购，累计金额达171.65亿港元。小米集团回购金额达59.86亿港元，也投入30.48亿港元用于回购，此外<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>、<a href=\"https://laohu8.com/S/MPNGY\">美团</a>、<a href=\"https://laohu8.com/S/KSFTF\">金山软件</a>等均启动数亿港元规模回购计划。</p><p><a href=\"https://laohu8.com/S/600999\">招商证券</a>表示，2026年，港股将从估值修复主导，迈向盈利增长主导。港股市场慢牛行情有望延续，预计成长风格仍然是明年的主线，看好AI产业链等市场机会。</p><p>港股通互联网ETF（513040）紧密跟踪中证港股通互联网指数，该指数从港股通范围内选取30家涉及互联网相关业务的上市公司证券作为指数样本。前五大权重股包括<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、腾讯控股、小米集团、美团、商汤，合计占比达57.41%，港股科技巨头占比高。</p><p>从估值层面来看，港股通互联网ETF(513040)跟踪的中证港股通互联网指数估值处于历史低位，最新市盈率（PE-TTM）仅24.38倍，处于指数成立以来25.1%的分位，即估值低于数成立以来74.9%的时间。</p><p>关联产品：</p><p>港股通互联网ETF（513040），场外联接（A类：019313；C类：019314）：一键跟踪中国互联网巨头，把握AI主升浪行情！</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>连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n连续27日回购，腾讯781亿成港股回购“一哥”；港股通互联网ETF近20日揽金超10亿\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-30 15:43 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251230154316a6e0463c&s=b><strong>云掌财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>截至10：37，中证港股通互联网指数（931637）上涨0.28%，阿里巴巴-W涨0.77%，腾讯控股跌0.08%，小米集团-W涨0.83%，美团-W跌0.1%，商汤-W涨1.41%，京东健康跌0.35%，哔哩哔哩-W涨0.31%，阿里健康跌0.58%，-W涨0.47%，金蝶国际涨0.08%。数据显示，港股通互联网ETF（513040）再现资金追捧态势！该基金近10日“吸金”超3.7亿，近20日“...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251230154316a6e0463c&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"513040":"港股通互联网ETF易方达","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0054450605.USD":"HSBC GIF 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