Blackland的个人主页 - 老虎社区

Blackland

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IP属地：广东

16关注

2粉丝

1主题

0勋章

2025-05-10

想的都挺美，出了体力劳动抢破头，脑力将被AI替代。

2024-11-28

$美元/离岸人民币(USDCNH.FOREX)$ 经济太差，明年出口将大幅下滑，要不要保。国内再怎么刺激，保障差人不敢花钱，消费起不来，消费不是靠刺激的

2025-02-04

做都能做出来，问题就是不良率和成本啊！吹牛逼又不用交税

异动解读 | 中芯国际5纳米芯片技术突破,盘中股价大涨5%

05-14

$恒生科技指数主连 2605(HTImain)$ 特朗普来股市就怂，这么怕吗？

04-06

$NQ100指数主连 2606(NQmain)$ 交易衰退马上就要开始了，必然发生

04-06

$WTI原油主连 2605(CLmain)$ 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已

2024-11-21

百度低于预期，股价表现不好

05-12

真虚

腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元

05-12

收入已经很难增了，利润下滑更快

京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12元

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21:06","market":"us","language":"zh","title":"FSMOne：美联储本轮减息周期已结束 恒指明年目标价约27000点","url":"https://stock-news.laohu8.com/highlight/detail?id=2644749452","media":"智通财经","summary":"FSMOne(香港)总经理陈家朗在记者会上指出，以11倍目标市盈率计算，恒生指数于今年底、27、28年的目标价分别为接近25000点、约27000点及29000点水平。FSMOne(香港)投资组合管理及研究部分析员李栩指出，随着优质股票，如股价升幅强劲AI模型股MiniMax、智谱可能纳入指数，可令指数重拾上升动力，加上看好港股IPO市况继续热烈，以及北水持续流入，而得出2028年29000点目标价。","content":"<html><head></head><body><p style=\"text-align: left;\">FSMOne(香港)总经理陈家朗在记者会上指出，以11倍目标市盈率计算，恒生指数于今年底、27、28年的目标价分别为接近25000点、约27000点及29000点水平。以12倍计算目标市盈率，MSCI中国指数今年及2028年的目标价分别为79.2及96。</p><p style=\"text-align: left;\">FSMOne(香港)投资组合管理及研究部分析员李栩指出，随着优质股票，如股价升幅强劲AI模型股MiniMax(00100)、<a href=\"https://laohu8.com/S/02513\">智谱</a>(02513)可能纳入指数，可令指数重拾上升动力，加上看好港股IPO市况继续热烈，以及北水持续流入，而得出2028年29000点目标价。</p><p style=\"text-align: left;\">陈家朗亦认为，AI硬件狂热将会持续，强势的半导体及内存生产商将继续领跑股市。至于港股方面，随着AI模型商业化加速落地等支持因素，科技企业估值仍存在重估空间，加上预计外卖行业价格战在监管信号明朗下，主要互联网平台的业绩或将出现改善，并支撑科技板块盈利修复。</p><p style=\"text-align: left;\">美国方面，他相信本轮减息周期已经结束，由于波动的能源价格对通胀影响相当巨大，而且要留意真正的隐忧是逐渐回升的住房CPI，新任美联储主席沃什立场明显偏鸽，预料美联储官员的矛盾将更严重。</p><p style=\"text-align: left;\">陈家朗认为，通胀压力将令长债收益率维持高位，而短债收益率亦因突如其来的加息预期而上升。目前收益曲线已经大致正常化，投资者可优先考虑短期债券，同时亦可增加存续期到5至10年期的美国国债，以及仍然继续看好投资级别企业债券。</p></body></html>","source":"stock_zhitongcaijing","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>FSMOne：美联储本轮减息周期已结束 恒指明年目标价约27000点</title>\n<style 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href=\"http://www.zhitongcaijing.com/content/detail/1455791.html\">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/42d623bf2f962cffafc93d5db7d45f9c","relate_stocks":{"HYG":"债券指数ETF-iShares iBoxx高收益公司债","JPST":"JPMorgan Ultra-Short Income ETF","SHV":"美国短期国债ETF-iShares","VOO":"Vanguard标普500ETF","SHY":"债券指数ETF-iShares Barclays 1-3年国债","DBND":"DoubleLine Opportunistic Bond ETF","MINT":"PIMCO Enhanced Short Maturity Exchange-Traded Fund","SCHO":"嘉信短期美国国债ETF","AGG":"债券指数ETF-iShares Barclays综合国债","BOND":"Pimco Total Return ETF","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","TBT":"债券20+美国债指数ETF-ProShares两倍做空","SKRE":"TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF","UUP":"美元ETF-PowerShares DB","GOVT":"iShares安硕核心美国国债ETF","UBT":"债券20+美国债-ProShares两倍做多","PBDC":"Putnam Bdc Income ETF","IEF":"债券指数ETF-iShares Barclays 7-10年","NGHT":"Nicholas Bitcoin and Treasuries AfterDark ETF","HSI":"恒生指数","GOLY":"Strategy Shares 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href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2606(HTImain)$&nbsp;</a>&nbsp; 全球又进入加息环境了，不利于港股。这么多ipo上市同样是不利的。","listText":"<a href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2606(HTImain)$&nbsp;</a>&nbsp; 全球又进入加息环境了，不利于港股。这么多ipo上市同样是不利的。","text":"$恒生科技指数主连 2606(HTImain)$ 全球又进入加息环境了，不利于港股。这么多ipo上市同样是不利的。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/576499226153928","isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":564006307734312,"gmtCreate":1778731164917,"gmtModify":1778735995379,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2605(HTImain)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; 特朗普来股市就怂，这么怕吗？","listText":"<a href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2605(HTImain)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; 特朗普来股市就怂，这么怕吗？","text":"$恒生科技指数主连 2605(HTImain)$ 特朗普来股市就怂，这么怕吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/564006307734312","isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563402664563384,"gmtCreate":1778583788367,"gmtModify":1778583791401,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"真虚","listText":"真虚","text":"真虚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563402664563384","repostId":"1133857373","repostType":2,"repost":{"id":"1133857373","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":1778577920,"share":"https://www.laohu8.com/m/news/1133857373?lang=zh_CN&edition=full","pubTime":"2026-05-12 17:25","market":"hk","language":"zh","title":"腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=1133857373","media":"老虎资讯综合","summary":"公司权益持有人应占净利润20.9亿元。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TME\">腾讯音乐</a> 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。</p><p>同时：<a href=\"https://cms.laohu8.com/web/news/detail/1181761603\" title=\"市场监管总局附条件批准腾讯收购喜马拉雅股权案\" target=\"_blank\" class=\"\">市场监管总局附条件批准腾讯收购喜马拉雅股权案</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/805286876f6fdc8caf90b68c0276c940\" title=\"\" tg-width=\"2159\" tg-height=\"2879\"/></p><p style=\"text-align: start;\">立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固<a href=\"https://laohu8.com/S/603125\" title=\"常青\" class=\"\">常青</a>曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。</p><p>腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0abdc27ff1101a8232cf64602f1dc21\" title=\"\" tg-width=\"1257\" tg-height=\"501\"/></p><p></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>腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元</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腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元\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\">2026-05-12 17:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/TME\">腾讯音乐</a> 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。</p><p>同时：<a href=\"https://cms.laohu8.com/web/news/detail/1181761603\" title=\"市场监管总局附条件批准腾讯收购喜马拉雅股权案\" target=\"_blank\" class=\"\">市场监管总局附条件批准腾讯收购喜马拉雅股权案</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/805286876f6fdc8caf90b68c0276c940\" title=\"\" tg-width=\"2159\" tg-height=\"2879\"/></p><p style=\"text-align: start;\">立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固<a href=\"https://laohu8.com/S/603125\" title=\"常青\" class=\"\">常青</a>曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。</p><p>腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0abdc27ff1101a8232cf64602f1dc21\" title=\"\" tg-width=\"1257\" tg-height=\"501\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/43f9c28a89ee807c03e7c639a3677608","relate_stocks":{"01698":"腾讯音乐-SW","TME":"腾讯音乐"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133857373","content_text":"腾讯音乐 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。同时：市场监管总局附条件批准腾讯收购喜马拉雅股权案立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固常青曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。","news_type":1,"symbols_score_info":{"01698":1,"TME":1}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563400805615512,"gmtCreate":1778583416193,"gmtModify":1778583419326,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"收入已经很难增了，利润下滑更快","listText":"收入已经很难增了，利润下滑更快","text":"收入已经很难增了，利润下滑更快","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563400805615512","repostId":"1162080965","repostType":2,"repost":{"id":"1162080965","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":1778579420,"share":"https://www.laohu8.com/m/news/1162080965?lang=zh_CN&edition=full","pubTime":"2026-05-12 17:50","market":"hk","language":"zh","title":"京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12元","url":"https://stock-news.laohu8.com/highlight/detail?id=1162080965","media":"老虎资讯综合","summary":"Q1净利润为人民币51亿元。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/JD\">京东</a> ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。</p><p>第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。</p><p>第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。</p><p>第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5275d87ca7e057c7859380555adce94c\" tg-width=\"1024\" tg-height=\"571\"/></p><p>具体来看，增长结构持续优化。<strong>服务收入同比增长20.6%，增速明显领先于整体营收。</strong>核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。</p><h2 id=\"3-c\">服务高增速成亮点，3C品类承压</h2><p style=\"text-align: justify;\">从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。</p><p style=\"text-align: justify;\">服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为&#34;以供应链为基础的技术与服务企业&#34;的商业模式转型正逐步兑现。</p><h2 id=\"8741ba10\">物流高速扩张，新业务巨亏引关注</h2><p style=\"text-align: justify;\"><strong>京东零售</strong>本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。</p><p style=\"text-align: justify;\"><strong>京东物流</strong>本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。</p><p style=\"text-align: justify;\">新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，<strong>京东外卖&#34;单均损益持续改善&#34;，总投入规模环比已&#34;明显收窄&#34;，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。</strong></p><h2 id=\"53500442\">三大费用同步大幅攀升</h2><p style=\"text-align: justify;\">本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：</p><ul style=\"\"><li><p>履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；</p></li><li><p>营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；</p></li><li><p>研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。</p></li></ul><p style=\"text-align: justify;\">此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。</p><h2 id=\"fc80e52c\">战略布局：欧洲扩张与具身智能两条新战线</h2><p style=\"text-align: justify;\">在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东&#34;211&#34;时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。</p><p style=\"text-align: justify;\">技术层面，京东物流发布升级版具身智能设备&#34;异狼&#34;机械臂，专为包裹抓取和码笼设计，依托&#34;物流超脑大模型&#34;提升分拣效率，&#34;狼族&#34;系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。</p><p style=\"text-align: justify;\">此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。</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>京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12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{ 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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京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12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\">2026-05-12 17:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/JD\">京东</a> ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。</p><p>第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。</p><p>第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。</p><p>第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5275d87ca7e057c7859380555adce94c\" tg-width=\"1024\" tg-height=\"571\"/></p><p>具体来看，增长结构持续优化。<strong>服务收入同比增长20.6%，增速明显领先于整体营收。</strong>核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。</p><h2 id=\"3-c\">服务高增速成亮点，3C品类承压</h2><p style=\"text-align: justify;\">从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。</p><p style=\"text-align: justify;\">服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为&#34;以供应链为基础的技术与服务企业&#34;的商业模式转型正逐步兑现。</p><h2 id=\"8741ba10\">物流高速扩张，新业务巨亏引关注</h2><p style=\"text-align: justify;\"><strong>京东零售</strong>本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。</p><p style=\"text-align: justify;\"><strong>京东物流</strong>本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。</p><p style=\"text-align: justify;\">新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，<strong>京东外卖&#34;单均损益持续改善&#34;，总投入规模环比已&#34;明显收窄&#34;，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。</strong></p><h2 id=\"53500442\">三大费用同步大幅攀升</h2><p style=\"text-align: justify;\">本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：</p><ul style=\"\"><li><p>履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；</p></li><li><p>营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；</p></li><li><p>研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。</p></li></ul><p style=\"text-align: justify;\">此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。</p><h2 id=\"fc80e52c\">战略布局：欧洲扩张与具身智能两条新战线</h2><p style=\"text-align: justify;\">在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东&#34;211&#34;时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。</p><p style=\"text-align: justify;\">技术层面，京东物流发布升级版具身智能设备&#34;异狼&#34;机械臂，专为包裹抓取和码笼设计，依托&#34;物流超脑大模型&#34;提升分拣效率，&#34;狼族&#34;系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。</p><p style=\"text-align: justify;\">此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cf5337c9c7bc23ec872d30a10fe10327","relate_stocks":{"09618":"京东集团-SW","JD":"京东","KJD":"2倍做多JD ETF-KraneShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162080965","content_text":"京东 ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。具体来看，增长结构持续优化。服务收入同比增长20.6%，增速明显领先于整体营收。核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。服务高增速成亮点，3C品类承压从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为\"以供应链为基础的技术与服务企业\"的商业模式转型正逐步兑现。物流高速扩张，新业务巨亏引关注京东零售本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。京东物流本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，京东外卖\"单均损益持续改善\"，总投入规模环比已\"明显收窄\"，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。三大费用同步大幅攀升本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。战略布局：欧洲扩张与具身智能两条新战线在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东\"211\"时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。技术层面，京东物流发布升级版具身智能设备\"异狼\"机械臂，专为包裹抓取和码笼设计，依托\"物流超脑大模型\"提升分拣效率，\"狼族\"系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。","news_type":1,"symbols_score_info":{"KJD":0.6,"09618":2,"JD":2}},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":560988551693536,"gmtCreate":1777991881192,"gmtModify":1777991883444,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00291\">$华润啤酒(00291)$ </a> 世界杯转播没戏吧！","listText":"<a href=\"https://laohu8.com/S/00291\">$华润啤酒(00291)$ </a> 世界杯转播没戏吧！","text":"$华润啤酒(00291)$ 世界杯转播没戏吧！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/560988551693536","isVote":1,"tweetType":1,"viewCount":1013,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":554148606177384,"gmtCreate":1776324747126,"gmtModify":1776324749584,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00268\">$金蝶国际(00268)$ </a> 看不懂","listText":"<a href=\"https://laohu8.com/S/00268\">$金蝶国际(00268)$ </a> 看不懂","text":"$金蝶国际(00268)$ 看不懂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/554148606177384","isVote":1,"tweetType":1,"viewCount":1661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":554092852535728,"gmtCreate":1776311141636,"gmtModify":1776311144200,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"没用","listText":"没用","text":"没用","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/554092852535728","repostId":"2627025713","repostType":2,"repost":{"id":"2627025713","kind":"news","pubTimestamp":1776305396,"share":"https://www.laohu8.com/m/news/2627025713?lang=zh_CN&edition=full","pubTime":"2026-04-16 10:09","market":"us","language":"zh","title":"港股异动 | 再鼎医药(09688)涨超4% 宣布与勃林格殷格翰合作开发创新双DLL3靶向药物联合疗法","url":"https://stock-news.laohu8.com/highlight/detail?id=2627025713","media":"智通财经","summary":"智通财经APP获悉，再鼎医药涨超4%，截至发稿，涨3.84%，报18.1港元，成交额8271.49万港元。消息面上，4月15日，据再鼎医药官微消息，公司与勃林格殷格翰宣布一项临床合作，着力开发一种创新的双DLL3靶向药物联合疗法。Ib/II期研究将评估再鼎医药的靶向DLL3的ADC zocilurtatug pelitecan与勃林格殷格翰的DLL3/CD3 T细胞衔接器obrixtamig联合使用的安全性、耐受性及初步临床活性。据介绍，Zocilurtatug pelitecan是再鼎医药开发的一款靶向DLL3的ADC，旨在向DLL3阳性肿瘤细胞递送强效细胞毒性载荷，用于ES-SCLC治疗。","content":"<html><body><p>智通财经APP获悉，<a href=\"https://laohu8.com/S/ZLAB\">再鼎医药</a>(09688)涨超4%，截至发稿，涨3.84%，报18.1港元，成交额8271.49万港元。</p><p>消息面上，4月15日，据<a href=\"https://laohu8.com/S/09688\">再鼎医药</a>官微消息，公司与勃林格殷格翰宣布一项临床合作，着力开发一种创新的双DLL3靶向药物联合疗法。Ib/II期研究将评估再鼎医药的靶向DLL3的ADC zocilurtatug pelitecan(zoci，原名ZL-1310)与勃林格殷格翰的DLL3/CD3 T细胞衔接器obrixtamig联合使用的安全性、耐受性及初步临床活性。</p><p>据介绍，Zocilurtatug pelitecan(简称zoci)是再鼎医药开发的一款靶向DLL3的ADC，旨在向DLL3阳性肿瘤细胞递送强效细胞毒性载荷，用于ES-SCLC治疗。最新全球I期结果显示，zoci在既往接受治疗后的ES-SCLC患者，包括在脑转移患者中，表现出强效且持久的缓解，同时具有良好的安全性。在此基础上，该项目已进入全球III期注册性研究。</p></body></html>","source":"stock_zhitongcaijing","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>港股异动 | 再鼎医药(09688)涨超4% 宣布与勃林格殷格翰合作开发创新双DLL3靶向药物联合疗法</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港股异动 | 再鼎医药(09688)涨超4% 宣布与勃林格殷格翰合作开发创新双DLL3靶向药物联合疗法\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-16 10:09 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1429188.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，再鼎医药(09688)涨超4%，截至发稿，涨3.84%，报18.1港元，成交额8271.49万港元。消息面上，4月15日，据再鼎医药官微消息，公司与勃林格殷格翰宣布一项临床合作，着力开发一种创新的双DLL3靶向药物联合疗法。Ib/II期研究将评估再鼎医药的靶向DLL3的ADC zocilurtatug pelitecan(zoci，原名ZL-1310)与勃林格殷格翰的DLL3/...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1429188.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZLAB":"再鼎医药","09688":"再鼎医药","BK4531":"中概回港概念","VXUS":"国际股票ETF-Vanguard","LU2488822045.USD":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC","BK4588":"碎股","BK1574":"生物医药B类股","BK1161":"生物科技","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK1588":"回港中概股","BK4548":"巴美列捷福持仓","BK4139":"生物科技"},"source_url":"http://www.zhitongcaijing.com/content/detail/1429188.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2627025713","content_text":"智通财经APP获悉，再鼎医药(09688)涨超4%，截至发稿，涨3.84%，报18.1港元，成交额8271.49万港元。消息面上，4月15日，据再鼎医药官微消息，公司与勃林格殷格翰宣布一项临床合作，着力开发一种创新的双DLL3靶向药物联合疗法。Ib/II期研究将评估再鼎医药的靶向DLL3的ADC zocilurtatug pelitecan(zoci，原名ZL-1310)与勃林格殷格翰的DLL3/CD3 T细胞衔接器obrixtamig联合使用的安全性、耐受性及初步临床活性。据介绍，Zocilurtatug pelitecan(简称zoci)是再鼎医药开发的一款靶向DLL3的ADC，旨在向DLL3阳性肿瘤细胞递送强效细胞毒性载荷，用于ES-SCLC治疗。最新全球I期结果显示，zoci在既往接受治疗后的ES-SCLC患者，包括在脑转移患者中，表现出强效且持久的缓解，同时具有良好的安全性。在此基础上，该项目已进入全球III期注册性研究。","news_type":1,"symbols_score_info":{"09688":1.5,"ZLAB":1.5,"VXUS":1.5}},"isVote":1,"tweetType":1,"viewCount":769,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":550587373295176,"gmtCreate":1775442657540,"gmtModify":1775442659711,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/NQmain\">$NQ100指数主连 2606(NQmain)$&nbsp;</a> 交易衰退马上就要开始了，必然发生","listText":"<a href=\"https://laohu8.com/FUT/NQmain\">$NQ100指数主连 2606(NQmain)$&nbsp;</a> 交易衰退马上就要开始了，必然发生","text":"$NQ100指数主连 2606(NQmain)$ 交易衰退马上就要开始了，必然发生","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/550587373295176","isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":550587490157056,"gmtCreate":1775442601907,"gmtModify":1775442604346,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","listText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","text":"$WTI原油主连 2605(CLmain)$ 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/550587490157056","isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548881555916824,"gmtCreate":1775027844026,"gmtModify":1775027846298,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"这么就怂了，不最大利益化","listText":"这么就怂了，不最大利益化","text":"这么就怂了，不最大利益化","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548881555916824","repostId":"2624608567","repostType":2,"repost":{"id":"2624608567","kind":"news","pubTimestamp":1775025060,"share":"https://www.laohu8.com/m/news/2624608567?lang=zh_CN&edition=full","pubTime":"2026-04-01 14:31","market":"other","language":"zh","title":"WTI原油期货日内跌超2%，现报99.30美元/桶","url":"https://stock-news.laohu8.com/highlight/detail?id=2624608567","media":"每日经济新闻","summary":"每经AI快讯，4月1日，WTI原油期货日内跌超2%，现报99.30美元/桶。\n\n\n海量资讯、精准解读，尽在新浪财经APP","content":"<div>\n<p>每经AI快讯，4月1日，WTI原油期货日内跌超2%，现报99.30美元/桶。\n\n\n海量资讯、精准解读，尽在新浪财经APP</p>\n\n<a href=\"https://finance.sina.com.cn/roll/2026-04-01/doc-inhsyncf5072164.shtml\">网页链接</a>\n\n</div>\n","source":"sina","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>WTI原油期货日内跌超2%，现报99.30美元/桶</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\">\nWTI原油期货日内跌超2%，现报99.30美元/桶\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-01 14:31 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/roll/2026-04-01/doc-inhsyncf5072164.shtml><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>每经AI快讯，4月1日，WTI原油期货日内跌超2%，现报99.30美元/桶。\n\n\n海量资讯、精准解读，尽在新浪财经APP</p>\n\n<a href=\"https://finance.sina.com.cn/roll/2026-04-01/doc-inhsyncf5072164.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DBO":"原油ETF-PowerShares","BK4588":"碎股","BK4585":"ETF&股票定投概念","USO":"美国原油ETF","UUP":"美元ETF-PowerShares DB","UCO":"二倍做多彭博原油ETF","BK4570":"地缘局势概念股","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","DDG":"ProShares做空石油与天然气ETF","DWT":"三倍做空原油ETN","UDN":"做空美元指数-PowerShares"},"source_url":"https://finance.sina.com.cn/roll/2026-04-01/doc-inhsyncf5072164.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2624608567","content_text":"每经AI快讯，4月1日，WTI原油期货日内跌超2%，现报99.30美元/桶。\n\n\n海量资讯、精准解读，尽在新浪财经APP","news_type":1,"symbols_score_info":{"UUP":1.5,"DUG":1.5,"DDG":0.6,"BZmain":0.6,"DBO":1.5,"MCLmain":1.5,"QMmain":1.5,"SCO":1.5,"UDN":1.5,"CLmain":1.5,"USO":1.5,"FGBXmain":1.5,"UCO":1.5,"DWT":0.6}},"isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548776729524248,"gmtCreate":1775002251645,"gmtModify":1775002253969,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"不要自己骗自己了","listText":"不要自己骗自己了","text":"不要自己骗自己了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548776729524248","repostId":"2624531639","repostType":2,"repost":{"id":"2624531639","kind":"news","pubTimestamp":1774978200,"share":"https://www.laohu8.com/m/news/2624531639?lang=zh_CN&edition=full","pubTime":"2026-04-01 01:30","market":"sg","language":"zh","title":"WTI原油大幅回落 伊朗总统愿意在满足条件的情况下结束战争","url":"https://stock-news.laohu8.com/highlight/detail?id=2624531639","media":"环球市场播报","summary":"美国原油价格迅速下跌，市场对伊朗战争即将结束的猜测升温。\n　　西德克萨斯州中质油（WTI）期货下跌约1%，交易价格略低于每桶102美元。\n　　此前，伊朗国家通讯社IRNA报道称，伊朗总统表示愿意结束战争，并重申了伊朗关于停火的要求。\n\n新浪合作大平台期货开户 安全快捷有保障\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：李桐","content":"<html><body><div>\n<p>　　美国原油价格迅速下跌，市场对伊朗战争即将结束的猜测升温。</p>\n<p>　　西德克萨斯州中质油（WTI）期货下跌约1%，交易价格略低于每桶102美元。</p>\n<p>　　此前，伊朗国家通讯社IRNA报道称，伊朗总统表示愿意结束战争，并重申了伊朗关于停火的要求。</p>\n<div>\n<span>新浪合作大平台期货开户 安全快捷有保障</span>\n<img src=\"\"/>\n</div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：李桐 </p>\n</div></body></html>","source":"sina","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>WTI原油大幅回落 伊朗总统愿意在满足条件的情况下结束战争</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{ 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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\">\nWTI原油大幅回落 伊朗总统愿意在满足条件的情况下结束战争\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-01 01:30 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2026-04-01/doc-inhsxkrq1792559.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国原油价格迅速下跌，市场对伊朗战争即将结束的猜测升温。\n　　西德克萨斯州中质油（WTI）期货下跌约1%，交易价格略低于每桶102美元。\n　　此前，伊朗国家通讯社IRNA报道称，伊朗总统表示愿意结束战争，并重申了伊朗关于停火的要求。\n\n新浪合作大平台期货开户 安全快捷有保障\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：李桐</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-04-01/doc-inhsxkrq1792559.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)","UCO":"二倍做多彭博原油ETF","DBO":"原油ETF-PowerShares","USO":"美国原油ETF","BK4570":"地缘局势概念股","SCO":"二倍做空彭博原油指数ETF","DDG":"ProShares做空石油与天然气ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-04-01/doc-inhsxkrq1792559.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2624531639","content_text":"美国原油价格迅速下跌，市场对伊朗战争即将结束的猜测升温。\n　　西德克萨斯州中质油（WTI）期货下跌约1%，交易价格略低于每桶102美元。\n　　此前，伊朗国家通讯社IRNA报道称，伊朗总统表示愿意结束战争，并重申了伊朗关于停火的要求。\n\n新浪合作大平台期货开户 安全快捷有保障\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：李桐","news_type":1,"symbols_score_info":{"DBO":1.5,"CLmain":1.5,"QMmain":1.5,"UCO":1.5,"USO":1.5,"DWT":0.6,"BZmain":0.6,"DUG":1.5,"MCLmain":1.5,"DDG":0.6,"SCO":1.5}},"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":540708816327368,"gmtCreate":1773027049306,"gmtModify":1773027051563,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02460\">$华润饮料(02460)$ </a> 通胀来了，食品饮料准备反转！","listText":"<a href=\"https://laohu8.com/S/02460\">$华润饮料(02460)$ </a> 通胀来了，食品饮料准备反转！","text":"$华润饮料(02460)$ 通胀来了，食品饮料准备反转！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/540708816327368","isVote":1,"tweetType":1,"viewCount":1333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":494605582488264,"gmtCreate":1761783416749,"gmtModify":1761783419133,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"差评！3.75利率不要瞎搞","listText":"差评！3.75利率不要瞎搞","text":"差评！3.75利率不要瞎搞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/494605582488264","repostId":"1103662254","repostType":2,"repost":{"id":"1103662254","kind":"news","weMediaInfo":{"introduction":"关注海外资本市场一手动态","home_visible":1,"media_name":"投资观察","id":"1076224072","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1761762282,"share":"https://www.laohu8.com/m/news/1103662254?lang=zh_CN&edition=full","pubTime":"2025-10-30 02:24","market":"us","language":"zh","title":"美债收益率在美联储决策后上升","url":"https://stock-news.laohu8.com/highlight/detail?id=1103662254","media":"投资观察","summary":"美国国债收益率在美联储宣布降息并表示将于12月停止缩减其国债及抵押贷款支持证券的持有量后小幅上升。\n周三的降息是投资者广泛预期的，同时，市场对美联储将停止缩减资产负债表的预期也在不断增强。\n收益率因债券价格下跌而上升，近期一直保持相对稳定，10年期国债收益率徘徊在4%左右。根据Tradeweb的数据，目前收益率为4.020%，相比周二的3.982%有所上升。\n（完）","content":"<p>美国国债收益率在美联储宣布降息并表示将于12月停止缩减其国债及抵押贷款支持证券的持有量后小幅上升。</p>\n<p>周三的降息是投资者广泛预期的，同时，市场对美联储将停止缩减资产负债表的预期也在不断增强。</p>\n<p>收益率因债券价格下跌而上升，近期一直保持相对稳定，10年期国债收益率徘徊在4%左右。根据Tradeweb的数据，目前收益率为4.020%，相比周二的3.982%有所上升。</p>\n<p>（完）</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>美债收益率在美联储决策后上升</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美债收益率在美联储决策后上升\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1076224072\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">投资观察 </p>\n<p class=\"h-time\">2025-10-30 02:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>美国国债收益率在美联储宣布降息并表示将于12月停止缩减其国债及抵押贷款支持证券的持有量后小幅上升。</p>\n<p>周三的降息是投资者广泛预期的，同时，市场对美联储将停止缩减资产负债表的预期也在不断增强。</p>\n<p>收益率因债券价格下跌而上升，近期一直保持相对稳定，10年期国债收益率徘徊在4%左右。根据Tradeweb的数据，目前收益率为4.020%，相比周二的3.982%有所上升。</p>\n<p>（完）</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","TLT":"20+年以上美国国债ETF-iShares","TMF":"3倍做多20年期以上国债ETF-Direxion"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103662254","content_text":"美国国债收益率在美联储宣布降息并表示将于12月停止缩减其国债及抵押贷款支持证券的持有量后小幅上升。\n周三的降息是投资者广泛预期的，同时，市场对美联储将停止缩减资产负债表的预期也在不断增强。\n收益率因债券价格下跌而上升，近期一直保持相对稳定，10年期国债收益率徘徊在4%左右。根据Tradeweb的数据，目前收益率为4.020%，相比周二的3.982%有所上升。\n（完）","news_type":1,"symbols_score_info":{"US5Y.BOND":1,"US3Y.BOND":1,"US6M.BOND":1,"TLTW":1,"US10Y.BOND":1,"US30Y.BOND":1,"TMF":1,"US2Y.BOND":1,"TLT":1,"US7Y.BOND":1,"US12M.BOND":1}},"isVote":1,"tweetType":1,"viewCount":1964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":484728949453336,"gmtCreate":1759371143301,"gmtModify":1759372814056,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"公司投资者关系太烂了","listText":"公司投资者关系太烂了","text":"公司投资者关系太烂了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/484728949453336","repostId":"2571268387","repostType":2,"repost":{"id":"2571268387","kind":"news","pubTimestamp":1759140457,"share":"https://www.laohu8.com/m/news/2571268387?lang=zh_CN&edition=full","pubTime":"2025-09-29 18:07","market":"hk","language":"zh","title":"瓶装水“中场战事”：“价格战”下头部企业多元化布局谋突破","url":"https://stock-news.laohu8.com/highlight/detail?id=2571268387","media":"GPLP犀牛财经","summary":"瓶装水市场的竞争也从单纯的“价格战”转变为水源、品牌等多维度的竞争。业内人士分析认为，华润饮料包装水业务收入下滑的原因主要在于瓶装水市场“价格战”加剧，消费场景收缩以及品类创新滞后。娃哈哈在瓶装水市场积极发力。02多因素叠加竞争从“价格战”变为“价值战”从行业层面来看，瓶装水市场的竞争正受到多种因素的驱动。在产品方面，各大瓶装水企不约而同地加快多元品类布局的步伐。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20250929182120190d206ss27fz56bk6\"/><p>随着瓶装水企业2025年上半年业绩报告的陆续发布，行业巨头们交出了一份份意味深长的成绩单： <a href=\"https://laohu8.com/S/09633\">农夫山泉</a> 凭借多品类战略高歌猛进，<span>净利润</span>同比增长超22%，茶饮料业务首次突破百亿元大关；而曾经的市场霸主华润怡宝却遭遇“滑铁卢”，净利润同比暴跌28.7%，传统包装水业务收入同比下降超两成。</p><p>这场始于2024年的“价格战”正在演变为一场更深层次的“价值争夺战”。曾经依靠“1元水”打天下的时代正在远去，取而代之的是水源地竞争、产品创新和渠道变革的全方位比拼。娃哈哈通过情感营销和渠道改革实现强势回归，区域品牌润田谋划上市，就连新零售巨头胖东来、 <a href=\"https://laohu8.com/S/01797\">东方甄选</a> 也纷纷入局分羹。</p><p>随着 消费 端需求的变化， 消费者 不再满足于“解渴”的基本需求，他们关注水源品质、包装 环保 性、品牌价值观，甚至产品的社交属性。瓶装水市场的竞争也从单纯的“价格战”转变为水源、品牌等多维度的竞争。</p><p>01</p><p>中期业绩分化瓶装水市场格局生变</p><p>近期，各大以瓶装水为主营业务的企业纷纷发布2025年上半年业绩报告，让外界得以窥见当下激烈的市场竞争态势。</p><p>作为行业龙头之一的农夫山泉，今年上半年展现出了强势的增长势头。根据其披露的2025年上半年业绩报告，上半年实现营收256.2亿元，同比增长15.6%；净利润达到76.2亿元，同比增长22.2%。其中包装饮用水业务回暖，实现营收94.43亿元，同比增长10.7%，营收占比为36.9%。</p><p>尽管农夫山泉的包装饮用水业务未能恢复到2023年同期超百亿元营收水平，但基本摆脱了2024年网络舆情带来的负面影响，实现两位数增长。</p><p>与农夫山泉业绩增长形成鲜明对比的是 <a href=\"https://laohu8.com/S/02460\">华润饮料</a> 。根据华润饮料发布的2025年上半年业绩报告，上半年实现营收62.06亿元，同比下降18.52%；实现归母净利润8.05亿元，同比下降28.63%。之所以出现营收和净利润大幅下滑的情况，一个重要原因是报告期内华润饮料的瓶装水业务出现了下滑。</p><p>数据显示，2025年上半年，华润饮料包装饮用水实现收入52.51亿元，较2024年同期的68.29亿元下降24.1%，跌幅高于该公司整体营收约4.6个百分点。</p><p>业内人士分析认为，华润饮料包装水业务收入下滑的原因主要在于瓶装水市场“价格战”加剧，消费场景收缩以及品类创新滞后。面对农夫山泉“1元水”策略抢占下沉市场，怡宝555ml瓶装水终端价已从2元降至1.8元，甚至更低，毛利率受到压缩。同时，华润饮料未能及时推出高<span>毛利</span>产品，如天然水、气泡水等，错失健康饮水升级红利。</p><p>值得注意的是，上半年，包装饮用水业务营收占华润饮料总营收的比重高达84.6%，意味着华润饮料对瓶装水相关业务的依赖更大，营收更容易受到该业务波动的波及。</p><p>娃哈哈在瓶装水市场积极发力。过去主战场在低线市场的娃哈哈，通过一系列渠道布局调整成功挤进一线市场，并进入全家、盒马等渠道。虽然娃哈哈未公布详细的2025年上半年业绩数据，但从市场布局来看，其在瓶装水市场的布局力度在加大。</p><p>不过，相较于农夫山泉、华润怡宝的主要精力都用在市场开拓方面，娃哈哈创始人家族的内斗或将为娃哈哈在市场开拓方面增添不确定性因素。</p><p>02</p><p>多因素叠加竞争从“价格战”变为“价值战”</p><p>从行业层面来看，瓶装水市场的竞争正受到多种因素的驱动。首先是消费需求的变化对市场格局产生了深远影响。随着消费者健康意识的不断提高，对饮用水品质和功能的要求也日益严苛。天然水、矿泉水等强调水源品质和健康属性的产品受到越来越多消费者的青睐，而传统纯净水的市场份额则受到一定挤压。</p><p>在这一过程中，农夫山泉凭借其丰富的水源地布局和对天然水概念的成功营销，在这一趋势下占据了有利地位；而华润饮料以纯净水为主的产品结构，则面临较大转型压力。尽管娃哈哈受家族内斗影响，但其去年强势回归，达到10年前的业绩规模后，品牌影响力、产品创新等方面也不容小觑。</p><p>其次在渠道方面，即时零售（如<a href=\"https://laohu8.com/S/MPNGY\">美团</a>、京东到家）的兴起改变了消费者的购物习惯，也在重塑瓶装水市场的竞争格局。公开数据显示，即时零售渠道的占比已提升至18%。不过，华润饮料线上收入同比仅增长5%，显著落后于行业平均的25%，暴露出其在渠道数字化转型方面的滞后。</p><p>此外，成本因素也在左右企业的竞争策略。2025年上半年PET价格同比下降12%，但由于终端市场竞争激烈，提价空间有限，企业难以将<span>成本优势</span>转化为利润。比如，华润饮料虽受益于原材料价格下降和生产端控费降本，但收入大幅下滑导致规模效应弱化、毛利较低的饮料占比增加、去库存导致渠道投入增加等因素，依然对其毛利率造成拖累，从去年同期的49.3%降至46.7%。</p><p>而在终端市场上，消费观念的转变也影响着企业的利润，消费者不再仅关注价格，品牌形象、水源地、环保理念等因素也逐渐成为重要考量。艾媒智库调查结果显示，57.25%的消费者购买纯净水时会优先考虑品牌因素，说明品牌仍是影响消费者购买的核心因素之一；另有44.58%的消费者更关注产品成分与纯净度，反映出对产品饮用体验的重视。</p><p>03</p><p>多因素叠加竞争从“价格战”变为“价值战”</p><p>“价格战”的影响还未完全消散，赛道竞争态势却持续升级，让瓶装水市场的竞争愈发激烈，企业的创新能力和转型速度将成为决定胜负的关键因素。</p><p>在产品方面，各大瓶装水企不约而同地加快多元品类布局的步伐。农夫山泉在红瓶天然水和饮用纯净水的基础上持续深耕冰产品布局，推出“农夫山泉”纯透食用冰，开拓冰品、水饮互补共生的新消费场景。此外，农夫山泉还推动产品“走出去”，将核心产品打入香港市场，覆盖终端高达3000多家。</p><p>与此同时，随着消费者对健康和个性化需求的不断增长，功能性瓶装水、含气矿泉水等细分品类需求旺盛，农夫山泉也将继续丰富产品线，在茶饮料和功能饮料领域持续发力。</p><p>华润饮料则不断发力饮料业务，不断推出新品。据报道，2025年是华润饮料大年，创新提速至“每月1-2个款新品”，合计上新14个SKU新品，覆盖即饮茶、功能饮料、果汁等四大品类，密度与强度均创历史之最。</p><p>在渠道方面，加速 <a href=\"https://laohu8.com/S/300959\">线上线下</a> 融合，提升数字化运营能力也成为各大瓶装水企业重点发力的放心。华润饮料已计划与<a href=\"https://laohu8.com/S/03690\">美团</a>闪购合作开展“即时达”业务，目标将线上收入占比提升至25%，通过优化供应链管理，提高配送效率，满足消费者即时消费的需求。农夫山泉也将进一步拓展新兴渠道，加强在社区团购、直播电商等领域的布局，精准触达消费者。</p><p>娃哈哈则在宗馥莉的渠道策略推动下挤进了一线市场。据相关媒体报道，娃哈哈早在6月份已经成为各大销售终端的常规进货品类，而在2024年以前娃哈哈饮用水基本上不在广州售卖。</p><p>显然，2025年瓶装水市场上半年业绩已呈现出明显的分化态势，下半年随着消费需求升级、渠道变革加速以及成本压力持续，市场竞争将更加白热化。农夫山泉、华润饮料、娃哈哈，以及胖东来、东方甄选、元气森林等品牌相继入局瓶装水市场，老牌企业与新入局者在产品创新、渠道拓展和成本控制等方面展开全方位角逐，行业格局有望在激烈的竞争中迎来新的变革。</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>瓶装水“中场战事”：“价格战”下头部企业多元化布局谋突破</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瓶装水“中场战事”：“价格战”下头部企业多元化布局谋突破\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-29 18:07 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250929182120a44c1b94&s=b><strong>GPLP犀牛财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>随着瓶装水企业2025年上半年业绩报告的陆续发布，行业巨头们交出了一份份意味深长的成绩单： 农夫山泉 凭借多品类战略高歌猛进，净利润同比增长超22%，茶饮料业务首次突破百亿元大关；而曾经的市场霸主华润怡宝却遭遇“滑铁卢”，净利润同比暴跌28.7%，传统包装水业务收入同比下降超两成。这场始于2024年的“价格战”正在演变为一场更深层次的“价值争夺战”。曾经依靠“1元水”打天下的时代正在远去，取而代之...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250929182120a44c1b94&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":{"BK1200":"软饮料","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","09633":"农夫山泉","BK1589":"北水核心资产","02460":"华润饮料"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250929182120a44c1b94&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2571268387","content_text":"随着瓶装水企业2025年上半年业绩报告的陆续发布，行业巨头们交出了一份份意味深长的成绩单： 农夫山泉 凭借多品类战略高歌猛进，净利润同比增长超22%，茶饮料业务首次突破百亿元大关；而曾经的市场霸主华润怡宝却遭遇“滑铁卢”，净利润同比暴跌28.7%，传统包装水业务收入同比下降超两成。这场始于2024年的“价格战”正在演变为一场更深层次的“价值争夺战”。曾经依靠“1元水”打天下的时代正在远去，取而代之的是水源地竞争、产品创新和渠道变革的全方位比拼。娃哈哈通过情感营销和渠道改革实现强势回归，区域品牌润田谋划上市，就连新零售巨头胖东来、 东方甄选 也纷纷入局分羹。随着 消费 端需求的变化， 消费者 不再满足于“解渴”的基本需求，他们关注水源品质、包装 环保 性、品牌价值观，甚至产品的社交属性。瓶装水市场的竞争也从单纯的“价格战”转变为水源、品牌等多维度的竞争。01中期业绩分化瓶装水市场格局生变近期，各大以瓶装水为主营业务的企业纷纷发布2025年上半年业绩报告，让外界得以窥见当下激烈的市场竞争态势。作为行业龙头之一的农夫山泉，今年上半年展现出了强势的增长势头。根据其披露的2025年上半年业绩报告，上半年实现营收256.2亿元，同比增长15.6%；净利润达到76.2亿元，同比增长22.2%。其中包装饮用水业务回暖，实现营收94.43亿元，同比增长10.7%，营收占比为36.9%。尽管农夫山泉的包装饮用水业务未能恢复到2023年同期超百亿元营收水平，但基本摆脱了2024年网络舆情带来的负面影响，实现两位数增长。与农夫山泉业绩增长形成鲜明对比的是 华润饮料 。根据华润饮料发布的2025年上半年业绩报告，上半年实现营收62.06亿元，同比下降18.52%；实现归母净利润8.05亿元，同比下降28.63%。之所以出现营收和净利润大幅下滑的情况，一个重要原因是报告期内华润饮料的瓶装水业务出现了下滑。数据显示，2025年上半年，华润饮料包装饮用水实现收入52.51亿元，较2024年同期的68.29亿元下降24.1%，跌幅高于该公司整体营收约4.6个百分点。业内人士分析认为，华润饮料包装水业务收入下滑的原因主要在于瓶装水市场“价格战”加剧，消费场景收缩以及品类创新滞后。面对农夫山泉“1元水”策略抢占下沉市场，怡宝555ml瓶装水终端价已从2元降至1.8元，甚至更低，毛利率受到压缩。同时，华润饮料未能及时推出高毛利产品，如天然水、气泡水等，错失健康饮水升级红利。值得注意的是，上半年，包装饮用水业务营收占华润饮料总营收的比重高达84.6%，意味着华润饮料对瓶装水相关业务的依赖更大，营收更容易受到该业务波动的波及。娃哈哈在瓶装水市场积极发力。过去主战场在低线市场的娃哈哈，通过一系列渠道布局调整成功挤进一线市场，并进入全家、盒马等渠道。虽然娃哈哈未公布详细的2025年上半年业绩数据，但从市场布局来看，其在瓶装水市场的布局力度在加大。不过，相较于农夫山泉、华润怡宝的主要精力都用在市场开拓方面，娃哈哈创始人家族的内斗或将为娃哈哈在市场开拓方面增添不确定性因素。02多因素叠加竞争从“价格战”变为“价值战”从行业层面来看，瓶装水市场的竞争正受到多种因素的驱动。首先是消费需求的变化对市场格局产生了深远影响。随着消费者健康意识的不断提高，对饮用水品质和功能的要求也日益严苛。天然水、矿泉水等强调水源品质和健康属性的产品受到越来越多消费者的青睐，而传统纯净水的市场份额则受到一定挤压。在这一过程中，农夫山泉凭借其丰富的水源地布局和对天然水概念的成功营销，在这一趋势下占据了有利地位；而华润饮料以纯净水为主的产品结构，则面临较大转型压力。尽管娃哈哈受家族内斗影响，但其去年强势回归，达到10年前的业绩规模后，品牌影响力、产品创新等方面也不容小觑。其次在渠道方面，即时零售（如美团、京东到家）的兴起改变了消费者的购物习惯，也在重塑瓶装水市场的竞争格局。公开数据显示，即时零售渠道的占比已提升至18%。不过，华润饮料线上收入同比仅增长5%，显著落后于行业平均的25%，暴露出其在渠道数字化转型方面的滞后。此外，成本因素也在左右企业的竞争策略。2025年上半年PET价格同比下降12%，但由于终端市场竞争激烈，提价空间有限，企业难以将成本优势转化为利润。比如，华润饮料虽受益于原材料价格下降和生产端控费降本，但收入大幅下滑导致规模效应弱化、毛利较低的饮料占比增加、去库存导致渠道投入增加等因素，依然对其毛利率造成拖累，从去年同期的49.3%降至46.7%。而在终端市场上，消费观念的转变也影响着企业的利润，消费者不再仅关注价格，品牌形象、水源地、环保理念等因素也逐渐成为重要考量。艾媒智库调查结果显示，57.25%的消费者购买纯净水时会优先考虑品牌因素，说明品牌仍是影响消费者购买的核心因素之一；另有44.58%的消费者更关注产品成分与纯净度，反映出对产品饮用体验的重视。03多因素叠加竞争从“价格战”变为“价值战”“价格战”的影响还未完全消散，赛道竞争态势却持续升级，让瓶装水市场的竞争愈发激烈，企业的创新能力和转型速度将成为决定胜负的关键因素。在产品方面，各大瓶装水企不约而同地加快多元品类布局的步伐。农夫山泉在红瓶天然水和饮用纯净水的基础上持续深耕冰产品布局，推出“农夫山泉”纯透食用冰，开拓冰品、水饮互补共生的新消费场景。此外，农夫山泉还推动产品“走出去”，将核心产品打入香港市场，覆盖终端高达3000多家。与此同时，随着消费者对健康和个性化需求的不断增长，功能性瓶装水、含气矿泉水等细分品类需求旺盛，农夫山泉也将继续丰富产品线，在茶饮料和功能饮料领域持续发力。华润饮料则不断发力饮料业务，不断推出新品。据报道，2025年是华润饮料大年，创新提速至“每月1-2个款新品”，合计上新14个SKU新品，覆盖即饮茶、功能饮料、果汁等四大品类，密度与强度均创历史之最。在渠道方面，加速 线上线下 融合，提升数字化运营能力也成为各大瓶装水企业重点发力的放心。华润饮料已计划与美团闪购合作开展“即时达”业务，目标将线上收入占比提升至25%，通过优化供应链管理，提高配送效率，满足消费者即时消费的需求。农夫山泉也将进一步拓展新兴渠道，加强在社区团购、直播电商等领域的布局，精准触达消费者。娃哈哈则在宗馥莉的渠道策略推动下挤进了一线市场。据相关媒体报道，娃哈哈早在6月份已经成为各大销售终端的常规进货品类，而在2024年以前娃哈哈饮用水基本上不在广州售卖。显然，2025年瓶装水市场上半年业绩已呈现出明显的分化态势，下半年随着消费需求升级、渠道变革加速以及成本压力持续，市场竞争将更加白热化。农夫山泉、华润饮料、娃哈哈，以及胖东来、东方甄选、元气森林等品牌相继入局瓶装水市场，老牌企业与新入局者在产品创新、渠道拓展和成本控制等方面展开全方位角逐，行业格局有望在激烈的竞争中迎来新的变革。","news_type":1,"symbols_score_info":{"09633":0.9,"02460":0.9}},"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":474194948014384,"gmtCreate":1756801904460,"gmtModify":1756802799241,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"垃圾过期","listText":"垃圾过期","text":"垃圾过期","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/474194948014384","repostId":"2564873385","repostType":2,"repost":{"id":"2564873385","kind":"highlight","weMediaInfo":{"introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"media_name":"金吾财讯","id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"pubTimestamp":1756790335,"share":"https://www.laohu8.com/m/news/2564873385?lang=zh_CN&edition=full","pubTime":"2025-09-02 13:18","market":"other","language":"zh","title":"【券商聚焦】招银国际维持华润饮料(02460)“买入”评级 期待产能扩张与渠道改革效益释放","url":"https://stock-news.laohu8.com/highlight/detail?id=2564873385","media":"金吾财讯","summary":"金吾财讯 | 招银国际研报指，华润饮料 1H25收入同比降18.5%，净利润同比降29% 与业绩盈警一致，远低于此前市场预期，主要由于水业务受消费情绪、竞争以及深度渠道改革影响收入同比降23%，饮料业务量增价减带来收入增速放缓。公司产能扩张有序进行，但积极效果受销售影响未同步释放，渠道深度改革进行中，或于26年完成，因此该机构预计二者的协同效益将在 2026 财年及以后逐步释放。该机构下调目标价41%至12.85港元， 以反映短期业绩压力。","content":"<html><body><p>金吾财讯 | 招银国际研报指，<a href=\"https://laohu8.com/S/02460\">华润饮料</a>(02460)1H25收入同比降18.5%，净利润同比降29% 与业绩盈警一致，远低于此前市场预期，主要由于水业务受消费情绪、竞争以及深度渠道改革影响收入同比降23%，饮料业务量增价减带来收入增速放缓（+21%）。由于2H基数较低，且公司表示7-8月销售实现正增长，该机构预计全年收入降幅有所收窄。公司产能扩张有序进行，但积极效果受销售影响未同步释放，渠道深度改革进行中，或于26年完成，因此该机构预计二者的协同效益将在 2026 财年及以后逐步释放。该机构下调目标价41%至12.85港元， 以反映短期业绩压力。新目标价对应18x的2026E P/E，由于该机构认为2026年将是公司重大经营变革影响逐步出清转向稳态经营的年份。同时公司作为央企其经营计划会纳入十五五规划，该机构认为在新发展阶段前出清业绩拖累因素具有合理性，维持 “买入” 评级。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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href=\"https://laohu8.com/wemedia/1086022552\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time\">2025-09-02 13:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>金吾财讯 | 招银国际研报指，<a href=\"https://laohu8.com/S/02460\">华润饮料</a>(02460)1H25收入同比降18.5%，净利润同比降29% 与业绩盈警一致，远低于此前市场预期，主要由于水业务受消费情绪、竞争以及深度渠道改革影响收入同比降23%，饮料业务量增价减带来收入增速放缓（+21%）。由于2H基数较低，且公司表示7-8月销售实现正增长，该机构预计全年收入降幅有所收窄。公司产能扩张有序进行，但积极效果受销售影响未同步释放，渠道深度改革进行中，或于26年完成，因此该机构预计二者的协同效益将在 2026 财年及以后逐步释放。该机构下调目标价41%至12.85港元， 以反映短期业绩压力。新目标价对应18x的2026E P/E，由于该机构认为2026年将是公司重大经营变革影响逐步出清转向稳态经营的年份。同时公司作为央企其经营计划会纳入十五五规划，该机构认为在新发展阶段前出清业绩拖累因素具有合理性，维持 “买入” 评级。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.szfiu.com/news/20250106/ZDQ3YWRiNzU2MjI5OWUwYTllMmZlMTAyNzEyNzQzMTU2MQ==.jpg","relate_stocks":{"02460":"华润饮料"},"source_url":"1965337","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2564873385","content_text":"金吾财讯 | 招银国际研报指，华润饮料(02460)1H25收入同比降18.5%，净利润同比降29% 与业绩盈警一致，远低于此前市场预期，主要由于水业务受消费情绪、竞争以及深度渠道改革影响收入同比降23%，饮料业务量增价减带来收入增速放缓（+21%）。由于2H基数较低，且公司表示7-8月销售实现正增长，该机构预计全年收入降幅有所收窄。公司产能扩张有序进行，但积极效果受销售影响未同步释放，渠道深度改革进行中，或于26年完成，因此该机构预计二者的协同效益将在 2026 财年及以后逐步释放。该机构下调目标价41%至12.85港元， 以反映短期业绩压力。新目标价对应18x的2026E P/E，由于该机构认为2026年将是公司重大经营变革影响逐步出清转向稳态经营的年份。同时公司作为央企其经营计划会纳入十五五规划，该机构认为在新发展阶段前出清业绩拖累因素具有合理性，维持 “买入” 评级。","news_type":1,"symbols_score_info":{"02460":1}},"isVote":1,"tweetType":1,"viewCount":2121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":469401083670544,"gmtCreate":1755570359425,"gmtModify":1755570361426,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"这家航空企业真是低估","listText":"这家航空企业真是低估","text":"这家航空企业真是低估","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/469401083670544","repostId":"2560765669","repostType":2,"repost":{"id":"2560765669","kind":"news","pubTimestamp":1755485943,"share":"https://www.laohu8.com/m/news/2560765669?lang=zh_CN&edition=full","pubTime":"2025-08-18 10:59","market":"fut","language":"zh","title":"港股异动 | 大陆航空科技控股(00232)早盘涨超15% 预计上半年纯利增近7倍 公司为通用航空活塞发动机制造商","url":"https://stock-news.laohu8.com/highlight/detail?id=2560765669","media":"智通财经","summary":"智通财经APP获悉，大陆航空科技控股早盘涨超15%，截至发稿，涨15.19%，报0.182港元，成交额1573.38万港元。消息面上，大陆航空科技控股拟于8月28日举行董事会会议批准中期业绩。该行指出，大陆航空科技为香港上市通用航空产业链的稀缺标的。公司全球排名第二，为美国市场主要供应商，相信受干扰机会不大。","content":"<html><body><p>智通财经APP获悉，<a href=\"https://laohu8.com/S/00232\">大陆航空科技控股</a>(00232)早盘涨超15%，截至发稿，涨15.19%，报0.182港元，成交额1573.38万港元。</p><p>消息面上，大陆航空科技控股拟于8月28日举行董事会会议批准中期业绩。公司此前预期上半年将录得除税后溢利不少于5500万港元，去年同期为705万港元，主要由于随着新厂房<a href=\"https://laohu8.com/S/01630\">建成</a>、新生产设备投入与新企业资源规划系统逐步稳定运行，以及“世界级制造”生产管理体系的持续推进，上半年通用航空飞机活塞发动机业务产能显着提升，订单量交付同比增长，从而推动集团整体营收及毛利表现。</p><p>软库中华今年5月曾发布研报称，大陆航空科技为全球领先的通用航空活塞发动机制造商，按2024年新活塞飞机发动机交付量计，市场份额达到28%，较2023年增加2个百分点，全球排名第二。该行指出，大陆航空科技为香港上市通用航空产业链的稀缺标的。公司拥有现金约8亿港元，未持有银行贷款，手持现金约为市值的80%。扣除现金值往绩市盈率为3.5倍。现估值相信过度反映国企公司美国本土营运政治风险。公司全球排名第二，为美国市场主要供应商，相信受干扰机会不大。</p></body></html>","source":"stock_zhitongcaijing","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>港股异动 | 大陆航空科技控股(00232)早盘涨超15% 预计上半年纯利增近7倍 公司为通用航空活塞发动机制造商</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港股异动 | 大陆航空科技控股(00232)早盘涨超15% 预计上半年纯利增近7倍 公司为通用航空活塞发动机制造商\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-18 10:59 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1330721.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，大陆航空科技控股(00232)早盘涨超15%，截至发稿，涨15.19%，报0.182港元，成交额1573.38万港元。消息面上，大陆航空科技控股拟于8月28日举行董事会会议批准中期业绩。公司此前预期上半年将录得除税后溢利不少于5500万港元，去年同期为705万港元，主要由于随着新厂房建成、新生产设备投入与新企业资源规划系统逐步稳定运行，以及“世界级制造”生产管理体系的持续推进，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1330721.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159378":"通用航空","BK1211":"航天航空与国防","BK1240":"房地产开发","00232":"大陆航空科技控股"},"source_url":"http://www.zhitongcaijing.com/content/detail/1330721.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2560765669","content_text":"智通财经APP获悉，大陆航空科技控股(00232)早盘涨超15%，截至发稿，涨15.19%，报0.182港元，成交额1573.38万港元。消息面上，大陆航空科技控股拟于8月28日举行董事会会议批准中期业绩。公司此前预期上半年将录得除税后溢利不少于5500万港元，去年同期为705万港元，主要由于随着新厂房建成、新生产设备投入与新企业资源规划系统逐步稳定运行，以及“世界级制造”生产管理体系的持续推进，上半年通用航空飞机活塞发动机业务产能显着提升，订单量交付同比增长，从而推动集团整体营收及毛利表现。软库中华今年5月曾发布研报称，大陆航空科技为全球领先的通用航空活塞发动机制造商，按2024年新活塞飞机发动机交付量计，市场份额达到28%，较2023年增加2个百分点，全球排名第二。该行指出，大陆航空科技为香港上市通用航空产业链的稀缺标的。公司拥有现金约8亿港元，未持有银行贷款，手持现金约为市值的80%。扣除现金值往绩市盈率为3.5倍。现估值相信过度反映国企公司美国本土营运政治风险。公司全球排名第二，为美国市场主要供应商，相信受干扰机会不大。","news_type":1,"symbols_score_info":{"159378":1,"00232":1}},"isVote":1,"tweetType":1,"viewCount":1922,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":461442847068528,"gmtCreate":1753666240404,"gmtModify":1753666242181,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"看好下半年，反内卷开始","listText":"看好下半年，反内卷开始","text":"看好下半年，反内卷开始","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/461442847068528","repostId":"2554950797","repostType":2,"repost":{"id":"2554950797","kind":"news","pubTimestamp":1753455900,"share":"https://www.laohu8.com/m/news/2554950797?lang=zh_CN&edition=full","pubTime":"2025-07-25 23:05","market":"hk","language":"zh","title":"华润饮料预计2025上半年纯利下滑20%至30%","url":"https://stock-news.laohu8.com/highlight/detail?id=2554950797","media":"观点网","summary":"观点网讯：7月25日，华润饮料发布盈利预警公告称，预计截至2025年6月30日止六个月纯利将同比减少20%-30%。业绩下滑主因公司为拓展市场主动增加营销投入，并实施产品结构调整及渠道优化措施，对短期利润产生阶段性压力。据了解，华润饮料2024年全年实现纯利16.4亿元，同比上升23.1%；营收135.2亿元，同比微增0.04%。此次半年盈利下滑系该公司近年来首次出现负增长。免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。","content":"<html><body><article><p><strong>观点网讯：</strong>7月25日，<a href=\"https://laohu8.com/S/02460\">华润饮料</a>发布盈利预警公告称，预计截至2025年6月30日止六个月纯利将同比减少20%-30%。</p><p>业绩下滑主因公司为拓展市场主动增加营销投入，并实施产品结构调整及渠道优化措施，对短期利润产生阶段性压力。</p><p>据了解，华润饮料2024年全年实现纯利16.4亿元，同比上升23.1%；营收135.2亿元，同比微增0.04%。此次半年盈利下滑系该公司近年来首次出现负增长。</p><p>免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。</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>华润饮料预计2025上半年纯利下滑20%至30%</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华润饮料预计2025上半年纯利下滑20%至30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-25 23:05 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025072523403094bae435&s=b><strong>观点网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>观点网讯：7月25日，华润饮料发布盈利预警公告称，预计截至2025年6月30日止六个月纯利将同比减少20%-30%。业绩下滑主因公司为拓展市场主动增加营销投入，并实施产品结构调整及渠道优化措施，对短期利润产生阶段性压力。据了解，华润饮料2024年全年实现纯利16.4亿元，同比上升23.1%；营收135.2亿元，同比微增0.04%。此次半年盈利下滑系该公司近年来首次出现负增长。免责声明：本文内容与...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025072523403094bae435&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":{"BK1200":"软饮料","02460":"华润饮料"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025072523403094bae435&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2554950797","content_text":"观点网讯：7月25日，华润饮料发布盈利预警公告称，预计截至2025年6月30日止六个月纯利将同比减少20%-30%。业绩下滑主因公司为拓展市场主动增加营销投入，并实施产品结构调整及渠道优化措施，对短期利润产生阶段性压力。据了解，华润饮料2024年全年实现纯利16.4亿元，同比上升23.1%；营收135.2亿元，同比微增0.04%。此次半年盈利下滑系该公司近年来首次出现负增长。免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。","news_type":1,"symbols_score_info":{"02460":1}},"isVote":1,"tweetType":1,"viewCount":2968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":458851902075112,"gmtCreate":1753061634517,"gmtModify":1753061636379,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"不务正业，蹭热点，这样公司迟早完蛋","listText":"不务正业，蹭热点，这样公司迟早完蛋","text":"不务正业，蹭热点，这样公司迟早完蛋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/458851902075112","repostId":"2553442548","repostType":2,"repost":{"id":"2553442548","kind":"news","pubTimestamp":1753061130,"share":"https://www.laohu8.com/m/news/2553442548?lang=zh_CN&edition=full","pubTime":"2025-07-21 09:25","market":"sh","language":"zh","title":"港股异动 | 华检医疗(01931)高开近15% 公司已启动美国稳定币牌照申请 积极推进Web3交易所生态","url":"https://stock-news.laohu8.com/highlight/detail?id=2553442548","media":"智通财经","summary":"智通财经APP获悉，华检医疗高开近15%，截至发稿，涨14.92%，报3.39港元，成交额78.65万港元。消息面上，华检医疗公布，已于美国纽约州成立全资子公司IVD GROUP INC.，作为集团在美国推进IVDNewCo Exchange战略的核心运营主体。IVD GROUP INC.已正式启动向美国相关监管机构提交稳定币牌照申请的程序，并将同步在美国境内落实IVDNewCo Exchange生态建设。","content":"<html><body><p>智通财经APP获悉，<a href=\"https://laohu8.com/S/01931\">华检医疗</a>(01931)高开近15%，截至发稿，涨14.92%，报3.39港元，成交额78.65万港元。</p><p>消息面上，华检医疗公布，已于美国纽约州成立全资子公司IVD GROUP INC.，作为集团在美国推进IVDNewCo Exchange战略的核心运营主体。IVD GROUP INC.已正式启动向美国相关监管机构提交稳定币牌照申请的程序，并将同步在美国境内落实IVDNewCo Exchange生态建设。本次美国战略提速标志集团“NewCo+RWA+稳定币”三位一体战略进入规模化实施阶段。</p><p>值得注意的是，华检医疗上周发布公告称，公司正积极推进一项具有里程碑意义的战略举措，即构建以医疗创新药高科技资产为核心的“NewCo+RWA”Web3交易所生态，该生态将命名为“IVDNewCo Exchange”，并配套发行专有稳定币(IVDDollar)(IVDD)。公告指出，为支撑本生态的全球运作，公司已启动多项跨境合规化工作，突显其国际化战略。</p></body></html>","source":"stock_zhitongcaijing","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>港股异动 | 华检医疗(01931)高开近15% 公司已启动美国稳定币牌照申请 积极推进Web3交易所生态</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港股异动 | 华检医疗(01931)高开近15% 公司已启动美国稳定币牌照申请 积极推进Web3交易所生态\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-21 09:25 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1319864.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，华检医疗(01931)高开近15%，截至发稿，涨14.92%，报3.39港元，成交额78.65万港元。消息面上，华检医疗公布，已于美国纽约州成立全资子公司IVD GROUP INC.，作为集团在美国推进IVDNewCo Exchange战略的核心运营主体。IVD GROUP INC.已正式启动向美国相关监管机构提交稳定币牌照申请的程序，并将同步在美国境内落实IVDNewCo ...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1319864.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01931":"华检医疗","BK1197":"保健护理产品经销商","BK4023":"应用软件"},"source_url":"http://www.zhitongcaijing.com/content/detail/1319864.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2553442548","content_text":"智通财经APP获悉，华检医疗(01931)高开近15%，截至发稿，涨14.92%，报3.39港元，成交额78.65万港元。消息面上，华检医疗公布，已于美国纽约州成立全资子公司IVD GROUP INC.，作为集团在美国推进IVDNewCo Exchange战略的核心运营主体。IVD GROUP INC.已正式启动向美国相关监管机构提交稳定币牌照申请的程序，并将同步在美国境内落实IVDNewCo Exchange生态建设。本次美国战略提速标志集团“NewCo+RWA+稳定币”三位一体战略进入规模化实施阶段。值得注意的是，华检医疗上周发布公告称，公司正积极推进一项具有里程碑意义的战略举措，即构建以医疗创新药高科技资产为核心的“NewCo+RWA”Web3交易所生态，该生态将命名为“IVDNewCo Exchange”，并配套发行专有稳定币(IVDDollar)(IVDD)。公告指出，为支撑本生态的全球运作，公司已启动多项跨境合规化工作，突显其国际化战略。","news_type":1,"symbols_score_info":{"01931":1}},"isVote":1,"tweetType":1,"viewCount":2371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":457789767782616,"gmtCreate":1752802136745,"gmtModify":1752802138590,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4160227637143462","idStr":"4160227637143462"},"themes":[],"title":"","htmlText":"娃哈哈事件，华润绝对受益","listText":"娃哈哈事件，华润绝对受益","text":"娃哈哈事件，华润绝对受益","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/457789767782616","repostId":"2552337514","repostType":2,"repost":{"id":"2552337514","kind":"news","pubTimestamp":1752740110,"share":"https://www.laohu8.com/m/news/2552337514?lang=zh_CN&edition=full","pubTime":"2025-07-17 16:15","market":"hk","language":"zh","title":"华润饮料07月17日主力净流入1908.4万元 散户资金抛售","url":"https://stock-news.laohu8.com/highlight/detail?id=2552337514","media":"市场透视","summary":"07月17日, 华润饮料股价涨3.22%，报收12.18元，成交金额1.1亿元，换手率0.36%，振幅3.22%，量比0.77。华润饮料今日主力资金净流入1908.4万元，上一交易日主力净流出1772.1万元。该股近5个交易日上涨3.75%，主力资金累计净流出903.8万元；近20日主力资金累计净流出4929.5万元，其中净流出天数为13日。","content":"<html><body><article><p>07月17日, <a href=\"https://laohu8.com/S/02460\">华润饮料</a>股价涨3.22%，报收12.18元，成交金额1.1亿元，<span>换手率</span>0.36%，振幅3.22%，<span>量比</span>0.77。</p><p>华润饮料今日主力资金（超大单+大单）净流入1908.4万元，上一交易日主力净流出1772.1万元。</p><p>该股近5个交易日上涨3.75%，主力资金累计净流出903.8万元；近20日主力资金累计净流出4929.5万元，其中净流出天数为13日。</p><p>该股主力净额占比0.07%（主力资金净额/<span>流通市值</span>），港股市场排名183/2671。</p><p>|07月17日主力加仓幅度排名||#|股票简称|主力净额占比|#|<a href=\"https://laohu8.com/S/01718\">宏基集团控股</a>|5.57%|#|<a href=\"https://laohu8.com/S/08120\">国农金融投资</a>|4.91%|#|<a href=\"https://laohu8.com/S/01010\">天玺曜11</a>|3.59%|#|...|...|#182|华润饮料|0.07%|</p><p>（以上内容为<a href=\"https://laohu8.com/S/TCEHY\">腾讯</a>自选股基于公开消息，由程序或算法智能生成，仅作为用户看盘参考，不作为投资建议或交易依据。股市有风险，请谨慎决策。）</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>华润饮料07月17日主力净流入1908.4万元 散户资金抛售</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n华润饮料07月17日主力净流入1908.4万元 散户资金抛售\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-17 16:15 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250717170655a450adf3&s=b><strong>市场透视</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>07月17日, 华润饮料股价涨3.22%，报收12.18元，成交金额1.1亿元，换手率0.36%，振幅3.22%，量比0.77。华润饮料今日主力资金（超大单+大单）净流入1908.4万元，上一交易日主力净流出1772.1万元。该股近5个交易日上涨3.75%，主力资金累计净流出903.8万元；近20日主力资金累计净流出4929.5万元，其中净流出天数为13日。该股主力净额占比0.07%（主力资金净额...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250717170655a450adf3&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":{"02460":"华润饮料","BK1200":"软饮料"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250717170655a450adf3&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2552337514","content_text":"07月17日, 华润饮料股价涨3.22%，报收12.18元，成交金额1.1亿元，换手率0.36%，振幅3.22%，量比0.77。华润饮料今日主力资金（超大单+大单）净流入1908.4万元，上一交易日主力净流出1772.1万元。该股近5个交易日上涨3.75%，主力资金累计净流出903.8万元；近20日主力资金累计净流出4929.5万元，其中净流出天数为13日。该股主力净额占比0.07%（主力资金净额/流通市值），港股市场排名183/2671。|07月17日主力加仓幅度排名||#|股票简称|主力净额占比|#|宏基集团控股|5.57%|#|国农金融投资|4.91%|#|天玺曜11|3.59%|#|...|...|#182|华润饮料|0.07%|（以上内容为腾讯自选股基于公开消息，由程序或算法智能生成，仅作为用户看盘参考，不作为投资建议或交易依据。股市有风险，请谨慎决策。）","news_type":1,"symbols_score_info":{"02460":1}},"isVote":1,"tweetType":1,"viewCount":2257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":433370135671544,"gmtCreate":1746837436247,"gmtModify":1746837438409,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"想的都挺美，出了体力劳动抢破头，脑力将被AI替代。","listText":"想的都挺美，出了体力劳动抢破头，脑力将被AI替代。","text":"想的都挺美，出了体力劳动抢破头，脑力将被AI替代。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/433370135671544","isVote":1,"tweetType":1,"viewCount":3923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":375638063919552,"gmtCreate":1732750194774,"gmtModify":1732750196367,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/USDCNH.FOREX\">$美元/离岸人民币(USDCNH.FOREX)$&nbsp;</a><v-v data-views=\"0\"></v-v> 经济太差，明年出口将大幅下滑，要不要保。国内再怎么刺激，保障差人不敢花钱，消费起不来，消费不是靠刺激的","listText":"<a href=\"https://laohu8.com/S/USDCNH.FOREX\">$美元/离岸人民币(USDCNH.FOREX)$&nbsp;</a><v-v data-views=\"0\"></v-v> 经济太差，明年出口将大幅下滑，要不要保。国内再怎么刺激，保障差人不敢花钱，消费起不来，消费不是靠刺激的","text":"$美元/离岸人民币(USDCNH.FOREX)$ 经济太差，明年出口将大幅下滑，要不要保。国内再怎么刺激，保障差人不敢花钱，消费起不来，消费不是靠刺激的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375638063919552","isVote":1,"tweetType":1,"viewCount":1284,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4108280477106530","authorId":"4108280477106530","name":"Hermione","avatar":"https://static.tigerbbs.com/ecab3917ef338b7627fc458d472544c0","crmLevel":1,"crmLevelSwitch":0,"idStr":"4108280477106530","authorIdStr":"4108280477106530"},"content":"哈哈哈哈，就发消费券吧","text":"哈哈哈哈，就发消费券吧","html":"哈哈哈哈，就发消费券吧"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399819400958368,"gmtCreate":1738634665659,"gmtModify":1738636735734,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"做都能做出来，问题就是不良率和成本啊！吹牛逼又不用交税","listText":"做都能做出来，问题就是不良率和成本啊！吹牛逼又不用交税","text":"做都能做出来，问题就是不良率和成本啊！吹牛逼又不用交税","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/399819400958368","repostId":"1103220000","repostType":2,"repost":{"id":"1103220000","kind":"news","weMediaInfo":{"introduction":"个股异动一手消息解读","home_visible":1,"media_name":"异动解读","id":"1092702339","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1738634073,"share":"https://www.laohu8.com/m/news/1103220000?lang=zh_CN&edition=full","pubTime":"2025-02-04 09:54","market":"us","language":"zh","title":"异动解读 | 中芯国际5纳米芯片技术突破,盘中股价大涨5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103220000","media":"异动解读","summary":"中芯国际(00981)今日盘中股价大涨5%,引发市场广泛关注。据报道,该公司掌握了5纳米制程核心技术,被视为技术突破,提振了市场对公司长期发展前景的信心。\n\n半导体制程工艺不断向更小的纳米级别发展是业内发展趋势,5纳米制程意味着中芯国际芯片制造工艺达到较先进水平。这一技术突破有望进一步提高公司竞争力,扩大市场份额,为今后的业务增长注入新动力。\n\n市场人士预计,中芯国际未来在5纳米及以下先进制程领域的发展将成为公司新的业绩增长点,市值重估预期是推动今日股价上涨的主要原因。但中芯也面临成本高昂、技术路线选择等诸多挑战,能否顺利实现量产并获得订单还需进一步观察。","content":"<p>中芯国际(00981)今日盘中股价大涨5%,引发市场广泛关注。据报道,该公司掌握了5纳米制程核心技术,被视为技术突破,提振了市场对公司长期发展前景的信心。</p>\n\n<p>半导体制程工艺不断向更小的纳米级别发展是业内发展趋势,5纳米制程意味着中芯国际芯片制造工艺达到较先进水平。这一技术突破有望进一步提高公司竞争力,扩大市场份额,为今后的业务增长注入新动力。</p>\n\n<p>市场人士预计,中芯国际未来在5纳米及以下先进制程领域的发展将成为公司新的业绩增长点,市值重估预期是推动今日股价上涨的主要原因。但中芯也面临成本高昂、技术路线选择等诸多挑战,能否顺利实现量产并获得订单还需进一步观察。</p>","source":"ai_movement_cn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>异动解读 | 中芯国际5纳米芯片技术突破,盘中股价大涨5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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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异动解读 | 中芯国际5纳米芯片技术突破,盘中股价大涨5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092702339\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">异动解读 </p>\n<p class=\"h-time\">2025-02-04 09:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>中芯国际(00981)今日盘中股价大涨5%,引发市场广泛关注。据报道,该公司掌握了5纳米制程核心技术,被视为技术突破,提振了市场对公司长期发展前景的信心。</p>\n\n<p>半导体制程工艺不断向更小的纳米级别发展是业内发展趋势,5纳米制程意味着中芯国际芯片制造工艺达到较先进水平。这一技术突破有望进一步提高公司竞争力,扩大市场份额,为今后的业务增长注入新动力。</p>\n\n<p>市场人士预计,中芯国际未来在5纳米及以下先进制程领域的发展将成为公司新的业绩增长点,市值重估预期是推动今日股价上涨的主要原因。但中芯也面临成本高昂、技术路线选择等诸多挑战,能否顺利实现量产并获得订单还需进一步观察。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00981":"中芯国际"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103220000","content_text":"中芯国际(00981)今日盘中股价大涨5%,引发市场广泛关注。据报道,该公司掌握了5纳米制程核心技术,被视为技术突破,提振了市场对公司长期发展前景的信心。\n半导体制程工艺不断向更小的纳米级别发展是业内发展趋势,5纳米制程意味着中芯国际芯片制造工艺达到较先进水平。这一技术突破有望进一步提高公司竞争力,扩大市场份额,为今后的业务增长注入新动力。\n市场人士预计,中芯国际未来在5纳米及以下先进制程领域的发展将成为公司新的业绩增长点,市值重估预期是推动今日股价上涨的主要原因。但中芯也面临成本高昂、技术路线选择等诸多挑战,能否顺利实现量产并获得订单还需进一步观察。","news_type":1,"symbols_score_info":{"00981":1}},"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4124263500247782","authorId":"4124263500247782","name":"咬咬牙","avatar":"https://static.tigerbbs.com/e0675fffd9a3f1ea1729528d93918a20","crmLevel":1,"crmLevelSwitch":0,"idStr":"4124263500247782","authorIdStr":"4124263500247782"},"content":"人家至少在进步，在研究奋斗，你又做了什么呢？敲键盘可以敲出高良率吗？ [笑哭] [喷血]","text":"人家至少在进步，在研究奋斗，你又做了什么呢？敲键盘可以敲出高良率吗？ [笑哭] [喷血]","html":"人家至少在进步，在研究奋斗，你又做了什么呢？敲键盘可以敲出高良率吗？ [笑哭] [喷血]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":564006307734312,"gmtCreate":1778731164917,"gmtModify":1778735995379,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2605(HTImain)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; 特朗普来股市就怂，这么怕吗？","listText":"<a href=\"https://laohu8.com/FUT/HTImain\">$恒生科技指数主连 2605(HTImain)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; 特朗普来股市就怂，这么怕吗？","text":"$恒生科技指数主连 2605(HTImain)$ 特朗普来股市就怂，这么怕吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/564006307734312","isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":550587373295176,"gmtCreate":1775442657540,"gmtModify":1775442659711,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/NQmain\">$NQ100指数主连 2606(NQmain)$&nbsp;</a> 交易衰退马上就要开始了，必然发生","listText":"<a href=\"https://laohu8.com/FUT/NQmain\">$NQ100指数主连 2606(NQmain)$&nbsp;</a> 交易衰退马上就要开始了，必然发生","text":"$NQ100指数主连 2606(NQmain)$ 交易衰退马上就要开始了，必然发生","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/550587373295176","isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":550587490157056,"gmtCreate":1775442601907,"gmtModify":1775442604346,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","listText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","text":"$WTI原油主连 2605(CLmain)$ 这些消息没用，原油持续高位半年已经不可避免，经济必然要反应，只不过是延迟而已","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/550587490157056","isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":373314072146128,"gmtCreate":1732169075951,"gmtModify":1732169078072,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"百度低于预期，股价表现不好","listText":"百度低于预期，股价表现不好","text":"百度低于预期，股价表现不好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373314072146128","isVote":1,"tweetType":1,"viewCount":1510,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3471210355661451","authorId":"3471210355661451","name":"不高兴的小欣","avatar":"https://static.tigerbbs.com/be9f320e27bb9010bdd8748b7ecc7bf7","crmLevel":4,"crmLevelSwitch":0,"idStr":"3471210355661451","authorIdStr":"3471210355661451"},"content":"百度肯定涨，因为预期实在太烂了","text":"百度肯定涨，因为预期实在太烂了","html":"百度肯定涨，因为预期实在太烂了"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563402664563384,"gmtCreate":1778583788367,"gmtModify":1778583791401,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"真虚","listText":"真虚","text":"真虚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563402664563384","repostId":"1133857373","repostType":2,"repost":{"id":"1133857373","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":1778577920,"share":"https://www.laohu8.com/m/news/1133857373?lang=zh_CN&edition=full","pubTime":"2026-05-12 17:25","market":"hk","language":"zh","title":"腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=1133857373","media":"老虎资讯综合","summary":"公司权益持有人应占净利润20.9亿元。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TME\">腾讯音乐</a> 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。</p><p>同时：<a href=\"https://cms.laohu8.com/web/news/detail/1181761603\" title=\"市场监管总局附条件批准腾讯收购喜马拉雅股权案\" target=\"_blank\" class=\"\">市场监管总局附条件批准腾讯收购喜马拉雅股权案</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/805286876f6fdc8caf90b68c0276c940\" title=\"\" tg-width=\"2159\" tg-height=\"2879\"/></p><p style=\"text-align: start;\">立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固<a href=\"https://laohu8.com/S/603125\" title=\"常青\" class=\"\">常青</a>曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。</p><p>腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0abdc27ff1101a8232cf64602f1dc21\" title=\"\" tg-width=\"1257\" tg-height=\"501\"/></p><p></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>腾讯音乐：一季度营收79亿元，同比增长7.3%，音乐相关服务收入65.1亿元</title>\n<style 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href=\"https://laohu8.com/S/TME\">腾讯音乐</a> 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。</p><p>同时：<a href=\"https://cms.laohu8.com/web/news/detail/1181761603\" title=\"市场监管总局附条件批准腾讯收购喜马拉雅股权案\" target=\"_blank\" class=\"\">市场监管总局附条件批准腾讯收购喜马拉雅股权案</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/805286876f6fdc8caf90b68c0276c940\" title=\"\" tg-width=\"2159\" tg-height=\"2879\"/></p><p style=\"text-align: start;\">立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固<a href=\"https://laohu8.com/S/603125\" title=\"常青\" class=\"\">常青</a>曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。</p><p>腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0abdc27ff1101a8232cf64602f1dc21\" title=\"\" tg-width=\"1257\" tg-height=\"501\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/43f9c28a89ee807c03e7c639a3677608","relate_stocks":{"01698":"腾讯音乐-SW","TME":"腾讯音乐"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133857373","content_text":"腾讯音乐 公告，2026年第一季度总收入为79.0亿元，同比增长7.3%；调整后净利润为23.3亿元，同比增长4.8%；经调整的EBITDA为28.3亿元，同比增长10.5%。音乐相关服务收入多元增长，本季度同比增长12.2%至65.1亿元。其中，音乐相关会员服务收入达45.7亿元，同比增长6.6%；音乐相关非会员服务收入增长尤为强劲，同比增长28.0%至19.4亿元。同时：市场监管总局附条件批准腾讯收购喜马拉雅股权案立足于内容与平台“一体两翼”战略，腾讯音乐致力于全方位深耕音乐生态、打造差异化的一站式音乐服务平台，并持续助力优质音乐IP的价值释放。在内容侧，腾讯音乐强化内容生态优势，巩固常青曲库，打造更受欢迎的自制内容，并在线下演出、音乐周边、艺人合作等方面持续发力；在平台侧，以更多元的运营方式稳固用户规模，提供多层级的会员服务，以更好地为不同音乐需求的用户群体提供差异化音乐体验。展望未来，腾讯音乐坚持创造长期价值，将音乐IP价值转化为创新发展动力，与产业伙伴携手为行业蓬勃发展拓展新空间。腾讯音乐周二盘前股价持续拉升，截至发稿涨幅超10%。","news_type":1,"symbols_score_info":{"01698":1,"TME":1}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563400805615512,"gmtCreate":1778583416193,"gmtModify":1778583419326,"author":{"id":"4160227637143462","authorId":"4160227637143462","name":"Blackland","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160227637143462","authorIdStr":"4160227637143462"},"themes":[],"title":"","htmlText":"收入已经很难增了，利润下滑更快","listText":"收入已经很难增了，利润下滑更快","text":"收入已经很难增了，利润下滑更快","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563400805615512","repostId":"1162080965","repostType":2,"repost":{"id":"1162080965","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":1778579420,"share":"https://www.laohu8.com/m/news/1162080965?lang=zh_CN&edition=full","pubTime":"2026-05-12 17:50","market":"hk","language":"zh","title":"京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12元","url":"https://stock-news.laohu8.com/highlight/detail?id=1162080965","media":"老虎资讯综合","summary":"Q1净利润为人民币51亿元。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/JD\">京东</a> ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。</p><p>第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。</p><p>第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。</p><p>第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5275d87ca7e057c7859380555adce94c\" tg-width=\"1024\" tg-height=\"571\"/></p><p>具体来看，增长结构持续优化。<strong>服务收入同比增长20.6%，增速明显领先于整体营收。</strong>核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。</p><h2 id=\"3-c\">服务高增速成亮点，3C品类承压</h2><p style=\"text-align: justify;\">从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。</p><p style=\"text-align: justify;\">服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为&#34;以供应链为基础的技术与服务企业&#34;的商业模式转型正逐步兑现。</p><h2 id=\"8741ba10\">物流高速扩张，新业务巨亏引关注</h2><p style=\"text-align: justify;\"><strong>京东零售</strong>本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。</p><p style=\"text-align: justify;\"><strong>京东物流</strong>本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。</p><p style=\"text-align: justify;\">新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，<strong>京东外卖&#34;单均损益持续改善&#34;，总投入规模环比已&#34;明显收窄&#34;，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。</strong></p><h2 id=\"53500442\">三大费用同步大幅攀升</h2><p style=\"text-align: justify;\">本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：</p><ul style=\"\"><li><p>履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；</p></li><li><p>营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；</p></li><li><p>研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。</p></li></ul><p style=\"text-align: justify;\">此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。</p><h2 id=\"fc80e52c\">战略布局：欧洲扩张与具身智能两条新战线</h2><p style=\"text-align: justify;\">在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东&#34;211&#34;时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。</p><p style=\"text-align: justify;\">技术层面，京东物流发布升级版具身智能设备&#34;异狼&#34;机械臂，专为包裹抓取和码笼设计，依托&#34;物流超脑大模型&#34;提升分拣效率，&#34;狼族&#34;系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。</p><p style=\"text-align: justify;\">此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。</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>京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12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{ 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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京东一季度营收3157亿元，同比增长4.9%，调整后每ADS收益5.12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\">2026-05-12 17:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/JD\">京东</a> ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。</p><p>第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。</p><p>第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。</p><p>第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5275d87ca7e057c7859380555adce94c\" tg-width=\"1024\" tg-height=\"571\"/></p><p>具体来看，增长结构持续优化。<strong>服务收入同比增长20.6%，增速明显领先于整体营收。</strong>核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。</p><h2 id=\"3-c\">服务高增速成亮点，3C品类承压</h2><p style=\"text-align: justify;\">从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。</p><p style=\"text-align: justify;\">服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为&#34;以供应链为基础的技术与服务企业&#34;的商业模式转型正逐步兑现。</p><h2 id=\"8741ba10\">物流高速扩张，新业务巨亏引关注</h2><p style=\"text-align: justify;\"><strong>京东零售</strong>本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。</p><p style=\"text-align: justify;\"><strong>京东物流</strong>本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。</p><p style=\"text-align: justify;\">新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，<strong>京东外卖&#34;单均损益持续改善&#34;，总投入规模环比已&#34;明显收窄&#34;，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。</strong></p><h2 id=\"53500442\">三大费用同步大幅攀升</h2><p style=\"text-align: justify;\">本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：</p><ul style=\"\"><li><p>履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；</p></li><li><p>营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；</p></li><li><p>研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。</p></li></ul><p style=\"text-align: justify;\">此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。</p><h2 id=\"fc80e52c\">战略布局：欧洲扩张与具身智能两条新战线</h2><p style=\"text-align: justify;\">在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东&#34;211&#34;时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。</p><p style=\"text-align: justify;\">技术层面，京东物流发布升级版具身智能设备&#34;异狼&#34;机械臂，专为包裹抓取和码笼设计，依托&#34;物流超脑大模型&#34;提升分拣效率，&#34;狼族&#34;系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。</p><p style=\"text-align: justify;\">此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cf5337c9c7bc23ec872d30a10fe10327","relate_stocks":{"09618":"京东集团-SW","JD":"京东","KJD":"2倍做多JD ETF-KraneShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162080965","content_text":"京东 ：2026年第一季度营收3157亿元人民币，上年同期3010.8亿元，同比增长4.9%。第一季度归属于本公司普通股股东的净利润为51亿元，去年同期为109亿元。调整后归属于普通股股东的净利润为74亿元，去年为128亿元。第一季度调整后EBITDA为80.2亿元，同比下降41%，但远超市场预估的44.6亿元。第一季度每股美国存托股摊薄收益为3.54元，去年同期为7.19元。调整后每ADS收益5.12元，去年同期为8.41元。具体来看，增长结构持续优化。服务收入同比增长20.6%，增速明显领先于整体营收。核心零售业务方面，京东零售经营利润达150亿元（约22亿美元），同比增长约17%，经营利润率从上年同期的4.9%提升至5.6%。京东首席执行官许冉表示，年度活跃用户数创历史新高，用户购物频次亦有明显提升。服务高增速成亮点，3C品类承压从收入构成来看，商品收入同比仅微增1.0%，内部分化明显：电子产品及家用电器商品收入同比下滑8.4%至人民币1322亿元，受行业需求结构调整影响较大；而日用百货商品收入同比大增14.9%至人民币1,126亿元，成为拉动商品端增长的主力。这一趋势印证了京东近年力推品类拓展、降低对3C品类依赖的战略成效。服务收入方面，平台及广告服务收入同比增长18.8%，物流及其他服务收入同比增长21.7%，合计服务收入达人民币709亿元，在总收入中的占比进一步提升至22.4%，反映出京东作为\"以供应链为基础的技术与服务企业\"的商业模式转型正逐步兑现。物流高速扩张，新业务巨亏引关注京东零售本季度收入为人民币2686亿元，同比增长1.8%，受益于日用百货品类及高利润率平台业务的双轮驱动。京东物流本季度表现出色，收入同比大增29.0%至人民幣606亿元，经营利润率从0.3%跃升至1.7%，盈利能力显著改善。这一增长部分源于2025年10月收购本地即时配送业务后，2026年起将即时配送服务转向外部商家，带动了外部收入的快速增长。新业务是本季度最大的利润拖累项。该分部收入同比增长9.1%至人民币63亿元，但经营亏损从去年同期的13亿元急剧扩大至103亿元，经营亏损率高达164.9%。这主要由京东外卖的前期投入驱动。公司表示，京东外卖\"单均损益持续改善\"，总投入规模环比已\"明显收窄\"，并在用户增长、购频提升、跨品类购买等方面持续释放与核心零售业务的协同效应。三大费用同步大幅攀升本季度各项费用增速均显著高于收入增速，对利润形成侵蚀：履约费用同比增长18.5%至234亿元，占收入比例从6.6%升至7.4%，主因持续扩大履约能力并加大人力投入；营销费用同比暴增45.8%至154亿元，占收入比例从3.5%骤升至4.9%，主要用于新业务（即外卖等）的推广活动；研发费用同比增长48.6%至69亿元，占收入比例从1.5%升至2.2%，体现公司在AI、具身智能等技术方向的持续加码。此外，一般及行政费用同比增长48.7%至36亿元，其中包含国家市监局约6亿元罚款（与第三方商家裱花蛋糕相关合规问题有关）。战略布局：欧洲扩张与具身智能两条新战线在国际化方面，3月16日，京东正式在欧洲推出零售品牌Joybuy，覆盖英国、德国、法国等六国市场，并以自有快递品牌JoyExpress复制京东\"211\"时效服务，目前已覆盖欧洲30余个主要城市、超4000万人口，体现出京东在海外供应链与物流布局上的雄心。技术层面，京东物流发布升级版具身智能设备\"异狼\"机械臂，专为包裹抓取和码笼设计，依托\"物流超脑大模型\"提升分拣效率，\"狼族\"系列机器人已在全球规模化应用，是京东在AI落地物流场景方面的重要标志性进展。此外，董事会批准授予创始人刘强东在京东健康、京东物流、京东工业及京东产发四家子公司各约2%股权的限制性股份单位，归属期四年，旨在进一步强化创始人对多元化生态长期价值的引领。","news_type":1,"symbols_score_info":{"KJD":0.6,"09618":2,"JD":2}},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}