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专薅羊毛融
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专薅羊毛融
专薅羊毛融
·
04-15
鼓舞人心
特斯拉涨超7%!自研芯片迎来重大突破,马斯克宣布下一代AI5芯片已完成流片
4月15日,$特斯拉(TSLA)$涨超4%!自研芯片迎来重大突破,马斯克宣布下一代AI5芯片已完成流片。
特斯拉涨超7%!自研芯片迎来重大突破,马斯克宣布下一代AI5芯片已完成流片
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专薅羊毛融
专薅羊毛融
·
04-14
主打补贴
中国卫星2025年营收增长18.35%,扣非净利仅758万元
公司2025年实现营业收入61.03亿元,同比增长18.35%。但扣除非经常性损益后的净利润仅为758.37万元。营业成本同比上升22.29%,高于营收增速3.94个百分点,毛利率下降至8.23%。财报明确将商业航天产品交付占比提升列为毛利率承压主因,该类产品单位毛利显著低于其他业务板块。该季度扣非净利润仅211.26万元,占全年扣非净利润的27.86%。宇航制造及卫星应用业务收入占比达99.1%,租赁收入占比仅0.57%,前两大产品构成进一步向单一主业收敛。
中国卫星2025年营收增长18.35%,扣非净利仅758万元
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专薅羊毛融
专薅羊毛融
·
04-14
月线级别已破势成定局,扳命后就怒怼、薅羊毛
每周股票复盘:中国卫星(600118)股东户数增29.28%,2025年净利升27.38%
截至2026年4月3日收盘,中国卫星报收于76.85元,较上周的77.75元下跌1.16%。本周,中国卫星3月31日盘中最高价报85.46元。股本股东变化股东户数变动截至2026年2月28日,中国卫星股东户数为31.39万户,较2025年12月31日增加7.11万户,增幅29.28%。业绩披露要点财务报告中国卫星2025年实现主营收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;扣非净利润758.37万元,同比增长58.46%。
每周股票复盘:中国卫星(600118)股东户数增29.28%,2025年净利升27.38%
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专薅羊毛融
专薅羊毛融
·
04-14
奇葩,电容器怎么用在冷夜中,韭菜真能想。
宏明电子:公司产品暂未应用于液冷服务器领域
证券之星消息,宏明电子(301682)04月13日在投资者关系平台上答复投资者关心的问题。投资者提问:祝贺宏明电子上市,请问公司产品能否用于液冷服务器产业链中?宏明电子回复:尊敬的投资者,您好!公司产品暂未应用于液冷服务器领域,相关业务情况请以公司的公告为准。感谢您的关注!以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。
宏明电子:公司产品暂未应用于液冷服务器领域
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专薅羊毛融
专薅羊毛融
·
03-31
这种方案差不多近十几年了,利益关系链。
中国卫星最新公告:2025年净利润同比增长27.38%拟10派0.12元
中国卫星(600118.SH)披露年报,2025年实现营业收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;基本每股收益0.03元。公司拟每10股派发现金红利0.12元(含税)。报告期内,由于宇航部组件产品、地面系统集成项目等业务订单交付量同比增加,公司收入相比上年有所增加;收入增加的同时,亏损治理工作加强,利润相比上年有所增加。以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。
中国卫星最新公告:2025年净利润同比增长27.38%拟10派0.12元
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专薅羊毛融
专薅羊毛融
·
03-30
深得各路财阀及资金热衷买,也调整了散户可购买权限,面面兼顾
SpaceX拟募资逾750亿美元,IPO市场面临资金饱和考验
SpaceX最快将于数日内向美国证交会提交IPO申请文件,市场对其募资规模的揣测已炒得沸沸扬扬。若以去年美国IPO市场总集资额775亿美元计算,SpaceX单一公司的目标已接近去年全美IPO总额。SpaceX并非唯一计划今年上市的大型企业。据悉,人工智能公司Anthropic正探讨最快第四季IPO,投行估计其集资额可达600亿美元;OpenAI的IPO亦在酝酿之中。市场普遍预期,SpaceX的公开财务资料至少还要数月才能曝光,届时才能更准确评估其实际估值及集资规模。
SpaceX拟募资逾750亿美元,IPO市场面临资金饱和考验
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专薅羊毛融
专薅羊毛融
·
03-19
叙利亚油有市场了?
美国财长贝森特:不会攻击伊朗的能源基础设施,美国可单方面释放石油储备
霍尔木兹海峡是“临时”瓶颈。
美国财长贝森特:不会攻击伊朗的能源基础设施,美国可单方面释放石油储备
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专薅羊毛融
专薅羊毛融
·
03-19
对电池衰竭率有硬核不?
美国监管部门对约320万辆配备FSD的特斯拉车辆展开工程分析
涉及FSD系统退化检测功能失效问题。
美国监管部门对约320万辆配备FSD的特斯拉车辆展开工程分析
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专薅羊毛融
专薅羊毛融
·
03-18
梭哈就完事了[龇牙]
伊朗誓言打击中东三国石油设施,油价上涨,现货金、银大跌
金价持续承压。
伊朗誓言打击中东三国石油设施,油价上涨,现货金、银大跌
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专薅羊毛融
专薅羊毛融
·
03-02
算命卜卦😆😆
高盛评估“伊朗冲击”:油价上涨18美元/桶,相当于霍尔木兹海峡封闭6周
高盛测算显示,目前原油每桶18美元的实时风险溢价相当于霍尔木兹海峡全面停运约六周,如果海峡仅部分关闭(50%流量受阻)一个月,在动用备用管道的情况下,油价上涨幅度为4美元/桶。天然气市场方面,若霍尔木兹海峡断供一月,欧洲天然气或暴涨130%,成品油与航运费率也将进一步飙升。
高盛评估“伊朗冲击”:油价上涨18美元/桶,相当于霍尔木兹海峡封闭6周
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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特斯拉涨超7%!自研芯片迎来重大突破,马斯克宣布下一代AI5芯片已完成流片\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-04-15 23:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>4月15日,<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>涨幅扩大至逾7%!消息面上,特斯拉首席执行官埃隆·马斯克宣布,特斯拉AI芯片设计团队已成功完成AI5芯片的流片。这标志着该芯片迈向制造阶段的重要里程碑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1565f6afc841e7df06700a8bed0ae5b0\" title=\"\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p style=\"text-align: justify;\">特斯拉在AI自研芯片领域取得关键里程碑。CEO马斯克在X平台正式宣布,下一代AI5芯片已完成流片,设计蓝图已正式移交代工厂进入制造流程,量产预计于2027年启动,该芯片将接替AI4,成为特斯拉自动驾驶与人形机器人项目的核心算力平台。</p><p>在性能层面,据TradingKey援引此前披露,AI5单芯片性能相当于英伟达Hopper架构,双芯配置的综合表现则接近英伟达Blackwell级别,同时在成本与功耗方面具备显著优势。</p><p style=\"text-align: justify;\">马斯克此前表示,AI5在关键性能指标上将较上一代AI4提升约40倍,其中内存增加9倍、计算能力提升8倍。TradingKey还指出,AI5预计将成为参数规模低于2500亿模型的最优推理芯片,在特斯拉自动驾驶及人形机器人等核心应用场景中承担关键算力任务。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e49ab90f6352b6ebbb45091ad18b5a2e","relate_stocks":{"LU0234572021.USD":"高盛美国核心股票组合Acc","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) 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INC"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164721798","content_text":"4月15日,特斯拉涨幅扩大至逾7%!消息面上,特斯拉首席执行官埃隆·马斯克宣布,特斯拉AI芯片设计团队已成功完成AI5芯片的流片。这标志着该芯片迈向制造阶段的重要里程碑。特斯拉在AI自研芯片领域取得关键里程碑。CEO马斯克在X平台正式宣布,下一代AI5芯片已完成流片,设计蓝图已正式移交代工厂进入制造流程,量产预计于2027年启动,该芯片将接替AI4,成为特斯拉自动驾驶与人形机器人项目的核心算力平台。在性能层面,据TradingKey援引此前披露,AI5单芯片性能相当于英伟达Hopper架构,双芯配置的综合表现则接近英伟达Blackwell级别,同时在成本与功耗方面具备显著优势。马斯克此前表示,AI5在关键性能指标上将较上一代AI4提升约40倍,其中内存增加9倍、计算能力提升8倍。TradingKey还指出,AI5预计将成为参数规模低于2500亿模型的最优推理芯片,在特斯拉自动驾驶及人形机器人等核心应用场景中承担关键算力任务。","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":553392774714000,"gmtCreate":1776140225023,"gmtModify":1776140227403,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"主打补贴","listText":"主打补贴","text":"主打补贴","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/553392774714000","repostId":"2623589136","repostType":2,"repost":{"id":"2623589136","kind":"news","pubTimestamp":1774959438,"share":"https://www.laohu8.com/m/news/2623589136?lang=zh_CN&edition=full","pubTime":"2026-03-31 20:17","market":"hk","language":"zh","title":"中国卫星2025年营收增长18.35%,扣非净利仅758万元","url":"https://stock-news.laohu8.com/highlight/detail?id=2623589136","media":"蓝鲸财经","summary":"公司2025年实现营业收入61.03亿元,同比增长18.35%。但扣除非经常性损益后的净利润仅为758.37万元。营业成本同比上升22.29%,高于营收增速3.94个百分点,毛利率下降至8.23%。财报明确将商业航天产品交付占比提升列为毛利率承压主因,该类产品单位毛利显著低于其他业务板块。该季度扣非净利润仅211.26万元,占全年扣非净利润的27.86%。宇航制造及卫星应用业务收入占比达99.1%,租赁收入占比仅0.57%,前两大产品构成进一步向单一主业收敛。","content":"<html><body><p>蓝鲸新闻3月31日讯,3月30日,<a href=\"https://laohu8.com/S/600118\">中国卫星</a>发布2025年业绩报告。公司2025年实现营业收入61.03亿元,同比增长18.35%。但扣除非经常性损益后的净利润仅为758.37万元。营业成本同比上升22.29%,高于营收增速3.94个百分点,毛利率下降至8.23%。财报明确将商业<a href=\"https://laohu8.com/S/000901\">航天</a>产品交付占比提升列为毛利率承压主因,该类产品单位毛利显著低于其他业务板块。全年归母净利润为3,555.67万元,其中第四季度单季达2,074.53万元,占全年比重58.34%。该季度扣非净利润仅211.26万元,占全年扣非净利润的27.86%。非经常性损益总额为2,797.30万元,占净利润比例高达116.31%。其中,政府补助金额达4,162.58万元,远超当期归母净利润总额,构成利润主要来源。这一结构表明公司盈利对一次性政策性收益依赖程度加深,可持续性基础薄弱。经营活动现金流量净额为3.63亿元,由上年同期-3.17亿元转正,同比增加214.70%。财报将改善归因于“本期经营到款好于上年同期”,未披露回款账期、客户结构或信用政策变化等细节。值得注意的是,全年经营性现金流入规模约为归母净利润的十倍,凸显利润与现金流严重背离,反映会计确认与实际资金周转之间存在显著时滞或质量差异。费用端呈现结构性收缩:销售费用为3,208.64万元,同比下降26.01%,在营收增长背景下明显压降;研发投入为3.78亿元,同比下降19.32%,占营收比重收窄至6.19%;财务费用由-503.60万元转为126.05万元,系人民币存款利率下行所致利息收入减少,未新增有息负债。第四季度计提存货跌价准备6,355.47万元,为当期唯一披露的大额资产减值事项。子公司层面,<a href=\"https://laohu8.com/S/00031\">航天</a>智慧实现由亏转盈,但深圳东方红与星地<a href=\"https://laohu8.com/S/603223\">恒通</a>持续亏损,财报未列示具体亏损金额及变动趋势。宇航制造及卫星应用业务收入占比达99.1%,租赁收入占比仅0.57%,前两大产品构成进一步向单一主业收敛。商业航天产品交付量上升推动该板块收入增长,但同步拉低整体毛利率,印证行业从技术验证向批量交付过渡阶段的典型特征——规模扩张与盈利稀释并存。华北地区贡献93.6%的营业收入,西北、华南及其他地区合计占比仅6.4%,区域集中度较上年未见缓解。财报未提及市场多元化策略、新区域布局或跨区域客户拓展进展。研发人员数量维持1,193人不变,但研发投入规模收缩,或与商业航天产品批量交付进入相对成熟期形成阶段性匹配。销售费用大幅下降与营收增长形成反差,叠加经营性现金流由负转正,侧面反映回款效率提升可能成为短期管理重点。然而,该趋势未转化为净利润实质性改善,亦未带动毛利率修复,说明成本结构刚性较强,且高毛利业务增量尚未形成有效支撑。</p></body></html>","source":"lanjinger_stock","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>中国卫星2025年营收增长18.35%,扣非净利仅758万元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n中国卫星2025年营收增长18.35%,扣非净利仅758万元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 20:17 北京时间 <a href=https://www.lanjinger.com/d/1774953836022081557><strong>蓝鲸财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>蓝鲸新闻3月31日讯,3月30日,中国卫星发布2025年业绩报告。公司2025年实现营业收入61.03亿元,同比增长18.35%。但扣除非经常性损益后的净利润仅为758.37万元。营业成本同比上升22.29%,高于营收增速3.94个百分点,毛利率下降至8.23%。财报明确将商业航天产品交付占比提升列为毛利率承压主因,该类产品单位毛利显著低于其他业务板块。全年归母净利润为3,555.67万元,其中...</p>\n\n<a href=\"https://www.lanjinger.com/d/1774953836022081557\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600118":"中国卫星"},"source_url":"https://www.lanjinger.com/d/1774953836022081557","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2623589136","content_text":"蓝鲸新闻3月31日讯,3月30日,中国卫星发布2025年业绩报告。公司2025年实现营业收入61.03亿元,同比增长18.35%。但扣除非经常性损益后的净利润仅为758.37万元。营业成本同比上升22.29%,高于营收增速3.94个百分点,毛利率下降至8.23%。财报明确将商业航天产品交付占比提升列为毛利率承压主因,该类产品单位毛利显著低于其他业务板块。全年归母净利润为3,555.67万元,其中第四季度单季达2,074.53万元,占全年比重58.34%。该季度扣非净利润仅211.26万元,占全年扣非净利润的27.86%。非经常性损益总额为2,797.30万元,占净利润比例高达116.31%。其中,政府补助金额达4,162.58万元,远超当期归母净利润总额,构成利润主要来源。这一结构表明公司盈利对一次性政策性收益依赖程度加深,可持续性基础薄弱。经营活动现金流量净额为3.63亿元,由上年同期-3.17亿元转正,同比增加214.70%。财报将改善归因于“本期经营到款好于上年同期”,未披露回款账期、客户结构或信用政策变化等细节。值得注意的是,全年经营性现金流入规模约为归母净利润的十倍,凸显利润与现金流严重背离,反映会计确认与实际资金周转之间存在显著时滞或质量差异。费用端呈现结构性收缩:销售费用为3,208.64万元,同比下降26.01%,在营收增长背景下明显压降;研发投入为3.78亿元,同比下降19.32%,占营收比重收窄至6.19%;财务费用由-503.60万元转为126.05万元,系人民币存款利率下行所致利息收入减少,未新增有息负债。第四季度计提存货跌价准备6,355.47万元,为当期唯一披露的大额资产减值事项。子公司层面,航天智慧实现由亏转盈,但深圳东方红与星地恒通持续亏损,财报未列示具体亏损金额及变动趋势。宇航制造及卫星应用业务收入占比达99.1%,租赁收入占比仅0.57%,前两大产品构成进一步向单一主业收敛。商业航天产品交付量上升推动该板块收入增长,但同步拉低整体毛利率,印证行业从技术验证向批量交付过渡阶段的典型特征——规模扩张与盈利稀释并存。华北地区贡献93.6%的营业收入,西北、华南及其他地区合计占比仅6.4%,区域集中度较上年未见缓解。财报未提及市场多元化策略、新区域布局或跨区域客户拓展进展。研发人员数量维持1,193人不变,但研发投入规模收缩,或与商业航天产品批量交付进入相对成熟期形成阶段性匹配。销售费用大幅下降与营收增长形成反差,叠加经营性现金流由负转正,侧面反映回款效率提升可能成为短期管理重点。然而,该趋势未转化为净利润实质性改善,亦未带动毛利率修复,说明成本结构刚性较强,且高毛利业务增量尚未形成有效支撑。","news_type":1,"symbols_score_info":{"600118":1.5}},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":553392177027096,"gmtCreate":1776140150855,"gmtModify":1776140153562,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"月线级别已破势成定局,扳命后就怒怼、薅羊毛","listText":"月线级别已破势成定局,扳命后就怒怼、薅羊毛","text":"月线级别已破势成定局,扳命后就怒怼、薅羊毛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/553392177027096","repostId":"2625615963","repostType":2,"repost":{"id":"2625615963","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年,是国内领先的金融信息及综合服务平台。关注证券之星,即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1775322255,"share":"https://www.laohu8.com/m/news/2625615963?lang=zh_CN&edition=full","pubTime":"2026-04-05 01:04","market":"sh","language":"zh","title":"每周股票复盘:中国卫星(600118)股东户数增29.28%,2025年净利升27.38%","url":"https://stock-news.laohu8.com/highlight/detail?id=2625615963","media":"证券之星","summary":"截至2026年4月3日收盘,中国卫星报收于76.85元,较上周的77.75元下跌1.16%。本周,中国卫星3月31日盘中最高价报85.46元。股本股东变化股东户数变动截至2026年2月28日,中国卫星股东户数为31.39万户,较2025年12月31日增加7.11万户,增幅29.28%。业绩披露要点财务报告中国卫星2025年实现主营收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;扣非净利润758.37万元,同比增长58.46%。","content":"<html><head></head><body><p>截至2026年4月3日收盘,<a href=\"https://laohu8.com/S/600118\">中国卫星</a>(600118)报收于76.85元,较上周的77.75元下跌1.16%。本周,中国卫星3月31日盘中最高价报85.46元。3月30日盘中最低价报76.6元。中国卫星当前最新总市值908.74亿元,在<a href=\"https://laohu8.com/S/000901\">航天</a>装备板块市值排名3/9,在两市A股市值排名202/5193。</p><h2>本周关注点</h2><ul><li>股本股东变化:截至2026年2月28日股东户数为31.39万户,较上年末增加7.11万户,增幅达29.28%。</li><li>业绩披露要点:2025年归母净利润3555.67万元,同比上升27.38%。</li></ul><h2>股本股东变化</h2><h3>股东户数变动</h3><p>截至2026年2月28日,中国卫星股东户数为31.39万户,较2025年12月31日增加7.11万户,增幅29.28%。户均持股数量由4870.0股降至3767.0股,户均持股市值为34.54万元。</p><h2>业绩披露要点</h2><h3>财务报告</h3><p>中国卫星2025年实现主营收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;扣非净利润758.37万元,同比增长58.46%。2025年第四季度主营收入30.0亿元,同比下降13.83%;单季度归母净利润2074.53万元,同比下降51.36%;单季度扣非净利润211.26万元,同比下降92.64%。公司负债率为38.78%,投资收益1158.4万元,财务费用126.05万元,毛利率8.84%。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p><h2>相关 ETF</h2><p><img src=\"https://static.stockstar.com/etf/51058020260404.png\"/><img src=\"https://static.stockstar.com/etf/15925520260404.png\"/></p></body></html>","source":"stockstar","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>每周股票复盘:中国卫星(600118)股东户数增29.28%,2025年净利升27.38%</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每周股票复盘:中国卫星(600118)股东户数增29.28%,2025年净利升27.38%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-04-05 01:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>截至2026年4月3日收盘,<a href=\"https://laohu8.com/S/600118\">中国卫星</a>(600118)报收于76.85元,较上周的77.75元下跌1.16%。本周,中国卫星3月31日盘中最高价报85.46元。3月30日盘中最低价报76.6元。中国卫星当前最新总市值908.74亿元,在<a href=\"https://laohu8.com/S/000901\">航天</a>装备板块市值排名3/9,在两市A股市值排名202/5193。</p><h2>本周关注点</h2><ul><li>股本股东变化:截至2026年2月28日股东户数为31.39万户,较上年末增加7.11万户,增幅达29.28%。</li><li>业绩披露要点:2025年归母净利润3555.67万元,同比上升27.38%。</li></ul><h2>股本股东变化</h2><h3>股东户数变动</h3><p>截至2026年2月28日,中国卫星股东户数为31.39万户,较2025年12月31日增加7.11万户,增幅29.28%。户均持股数量由4870.0股降至3767.0股,户均持股市值为34.54万元。</p><h2>业绩披露要点</h2><h3>财务报告</h3><p>中国卫星2025年实现主营收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;扣非净利润758.37万元,同比增长58.46%。2025年第四季度主营收入30.0亿元,同比下降13.83%;单季度归母净利润2074.53万元,同比下降51.36%;单季度扣非净利润211.26万元,同比下降92.64%。公司负债率为38.78%,投资收益1158.4万元,财务费用126.05万元,毛利率8.84%。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p><h2>相关 ETF</h2><p><img src=\"https://static.stockstar.com/etf/51058020260404.png\"/><img src=\"https://static.stockstar.com/etf/15925520260404.png\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600118":"中国卫星","BK0024":"航母","BK0012":"证金概念","BK0037":"军民融合","BK0188":"融资融券","BK0010":"央企","BK0000":"一带一路","BK0028":"国家队","BK0051":"卫星导航","BK0183":"MSCI概念","BK0214":"IT设备","BK0005":"高端装备制造"},"source_url":"https://stock.stockstar.com/RB2026040500000053.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2625615963","content_text":"截至2026年4月3日收盘,中国卫星(600118)报收于76.85元,较上周的77.75元下跌1.16%。本周,中国卫星3月31日盘中最高价报85.46元。3月30日盘中最低价报76.6元。中国卫星当前最新总市值908.74亿元,在航天装备板块市值排名3/9,在两市A股市值排名202/5193。本周关注点股本股东变化:截至2026年2月28日股东户数为31.39万户,较上年末增加7.11万户,增幅达29.28%。业绩披露要点:2025年归母净利润3555.67万元,同比上升27.38%。股本股东变化股东户数变动截至2026年2月28日,中国卫星股东户数为31.39万户,较2025年12月31日增加7.11万户,增幅29.28%。户均持股数量由4870.0股降至3767.0股,户均持股市值为34.54万元。业绩披露要点财务报告中国卫星2025年实现主营收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;扣非净利润758.37万元,同比增长58.46%。2025年第四季度主营收入30.0亿元,同比下降13.83%;单季度归母净利润2074.53万元,同比下降51.36%;单季度扣非净利润211.26万元,同比下降92.64%。公司负债率为38.78%,投资收益1158.4万元,财务费用126.05万元,毛利率8.84%。以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。相关 ETF","news_type":1,"symbols_score_info":{"600118":1.5}},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":553391453786240,"gmtCreate":1776139998755,"gmtModify":1776140001246,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"奇葩,电容器怎么用在冷夜中,韭菜真能想。","listText":"奇葩,电容器怎么用在冷夜中,韭菜真能想。","text":"奇葩,电容器怎么用在冷夜中,韭菜真能想。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/553391453786240","repostId":"2627961924","repostType":2,"repost":{"id":"2627961924","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年,是国内领先的金融信息及综合服务平台。关注证券之星,即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1776137601,"share":"https://www.laohu8.com/m/news/2627961924?lang=zh_CN&edition=full","pubTime":"2026-04-14 11:33","market":"sh","language":"zh","title":"宏明电子:公司产品暂未应用于液冷服务器领域","url":"https://stock-news.laohu8.com/highlight/detail?id=2627961924","media":"证券之星","summary":"证券之星消息,宏明电子(301682)04月13日在投资者关系平台上答复投资者关心的问题。投资者提问:祝贺宏明电子上市,请问公司产品能否用于液冷服务器产业链中?宏明电子回复:尊敬的投资者,您好!公司产品暂未应用于液冷服务器领域,相关业务情况请以公司的公告为准。感谢您的关注!以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。","content":"<html><body><p>证券之星消息,<a href=\"https://laohu8.com/S/301682\">宏明电子</a>(301682)04月13日在投资者关系平台上答复投资者关心的问题。</p><p>投资者提问:祝贺宏明电子上市,请问公司产品能否用于液冷服务器产业链中?</p><p>宏明电子回复:尊敬的投资者,您好!公司产品暂未应用于液冷服务器领域,相关业务情况请以公司的公告为准。感谢您的关注!</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p></body></html>","source":"stockstar","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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.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宏明电子:公司产品暂未应用于液冷服务器领域\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-04-14 11:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>证券之星消息,<a href=\"https://laohu8.com/S/301682\">宏明电子</a>(301682)04月13日在投资者关系平台上答复投资者关心的问题。</p><p>投资者提问:祝贺宏明电子上市,请问公司产品能否用于液冷服务器产业链中?</p><p>宏明电子回复:尊敬的投资者,您好!公司产品暂未应用于液冷服务器领域,相关业务情况请以公司的公告为准。感谢您的关注!</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"301682":"宏明电子"},"source_url":"https://stock.stockstar.com/RB2026041400015848.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2627961924","content_text":"证券之星消息,宏明电子(301682)04月13日在投资者关系平台上答复投资者关心的问题。投资者提问:祝贺宏明电子上市,请问公司产品能否用于液冷服务器产业链中?宏明电子回复:尊敬的投资者,您好!公司产品暂未应用于液冷服务器领域,相关业务情况请以公司的公告为准。感谢您的关注!以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。","news_type":1,"symbols_score_info":{"301682":1.5}},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548443290075136,"gmtCreate":1774920763836,"gmtModify":1774920766600,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"这种方案差不多近十几年了,利益关系链。","listText":"这种方案差不多近十几年了,利益关系链。","text":"这种方案差不多近十几年了,利益关系链。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548443290075136","repostId":"2623110533","repostType":2,"repost":{"id":"2623110533","kind":"highlight","weMediaInfo":{"introduction":"证券之星始创于1996年,是国内领先的金融信息及综合服务平台。关注证券之星,即时获取有价值的财经资讯。","home_visible":1,"media_name":"证券之星","id":"1082532455","head_image":"https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f"},"pubTimestamp":1774869014,"share":"https://www.laohu8.com/m/news/2623110533?lang=zh_CN&edition=full","pubTime":"2026-03-30 19:10","market":"sh","language":"zh","title":"中国卫星最新公告:2025年净利润同比增长27.38%拟10派0.12元","url":"https://stock-news.laohu8.com/highlight/detail?id=2623110533","media":"证券之星","summary":"中国卫星(600118.SH)披露年报,2025年实现营业收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;基本每股收益0.03元。公司拟每10股派发现金红利0.12元(含税)。报告期内,由于宇航部组件产品、地面系统集成项目等业务订单交付量同比增加,公司收入相比上年有所增加;收入增加的同时,亏损治理工作加强,利润相比上年有所增加。以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。","content":"<html><body><p><a href=\"https://laohu8.com/S/600118\">中国卫星</a>(600118.SH)披露年报,2025年实现营业收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;基本每股收益0.03元。公司拟每10股派发现金红利0.12元(含税)。报告期内,由于宇航部组件产品、地面系统集成项目等业务订单交付量同比增加,公司收入相比上年有所增加;收入增加的同时,亏损治理工作加强,利润相比上年有所增加。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p></body></html>","source":"stockstar","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>中国卫星最新公告:2025年净利润同比增长27.38%拟10派0.12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{ 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中国卫星最新公告:2025年净利润同比增长27.38%拟10派0.12元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1082532455\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/2e305640fc27210243042d09d3a7fa3f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">证券之星 </p>\n<p class=\"h-time\">2026-03-30 19:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><a href=\"https://laohu8.com/S/600118\">中国卫星</a>(600118.SH)披露年报,2025年实现营业收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;基本每股收益0.03元。公司拟每10股派发现金红利0.12元(含税)。报告期内,由于宇航部组件产品、地面系统集成项目等业务订单交付量同比增加,公司收入相比上年有所增加;收入增加的同时,亏损治理工作加强,利润相比上年有所增加。</p><p>以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600118":"中国卫星"},"source_url":"https://stock.stockstar.com/RB2026033000029261.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2623110533","content_text":"中国卫星(600118.SH)披露年报,2025年实现营业收入61.03亿元,同比增长18.35%;归母净利润3555.67万元,同比增长27.38%;基本每股收益0.03元。公司拟每10股派发现金红利0.12元(含税)。报告期内,由于宇航部组件产品、地面系统集成项目等业务订单交付量同比增加,公司收入相比上年有所增加;收入增加的同时,亏损治理工作加强,利润相比上年有所增加。以上内容为证券之星据公开信息整理,由AI算法生成(网信算备310104345710301240019号),不构成投资建议。","news_type":1,"symbols_score_info":{"600118":1.5}},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548164837566304,"gmtCreate":1774852860775,"gmtModify":1774852863527,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"深得各路财阀及资金热衷买,也调整了散户可购买权限,面面兼顾","listText":"深得各路财阀及资金热衷买,也调整了散户可购买权限,面面兼顾","text":"深得各路财阀及资金热衷买,也调整了散户可购买权限,面面兼顾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548164837566304","repostId":"1170277110","repostType":2,"repost":{"id":"1170277110","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":1774849971,"share":"https://www.laohu8.com/m/news/1170277110?lang=zh_CN&edition=full","pubTime":"2026-03-30 13:52","market":"us","language":"zh","title":"SpaceX拟募资逾750亿美元,IPO市场面临资金饱和考验","url":"https://stock-news.laohu8.com/highlight/detail?id=1170277110","media":"老虎资讯综合","summary":"SpaceX最快将于数日内向美国证交会提交IPO申请文件,市场对其募资规模的揣测已炒得沸沸扬扬。若以去年美国IPO市场总集资额775亿美元计算,SpaceX单一公司的目标已接近去年全美IPO总额。SpaceX并非唯一计划今年上市的大型企业。据悉,人工智能公司Anthropic正探讨最快第四季IPO,投行估计其集资额可达600亿美元;OpenAI的IPO亦在酝酿之中。市场普遍预期,SpaceX的公开财务资料至少还要数月才能曝光,届时才能更准确评估其实际估值及集资规模。","content":"<html><head></head><body><p style=\"text-align: start;\">SpaceX最快将于数日内向美国证交会提交IPO申请文件,市场对其募资规模的揣测已炒得沸沸扬扬。据早前报道,投行人士估计该公司有机会筹集超过750亿美元,这是一个令市场咋舌的数字。若以去年美国IPO市场总集资额775亿美元计算,SpaceX单一公司的目标已接近去年全美IPO总额。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2ea964c3fe35557483dbafb1c4155ce\" title=\"\" tg-width=\"2048\" tg-height=\"1152\"/></p><h3 id=\"id_4204041016\">AI巨头排队上市 市场资金能否承接?</h3><p style=\"text-align: start;\">SpaceX并非唯一计划今年上市的大型企业。据悉,人工智能公司Anthropic正探讨最快第四季IPO,投行估计其集资额可达600亿美元;OpenAI的IPO亦在酝酿之中。在短短12个月内,三间巨头若同时上市,市场是否有足够资金承接,成为一大疑问。</p><p style=\"text-align: start;\">回顾2021年超低息环境下,美股IPO总集资额曾达3160亿美元,惟自2022年利率回升后,市场流动性已大不如前。倘若市况持续波动,至少有一家企业的上市计划可能落空。</p><h3 id=\"id_658031724\">AI企业增长惊人 SpaceX增速相对逊色</h3><p style=\"text-align: start;\">OpenAI及Anthropic受惠于人工智能热潮,增长惊人。据报道,Anthropic今年首两个月的年化销售额已较去年翻倍。</p><p style=\"text-align: start;\">反观SpaceX,其财务表现透明度较低,但路透报道指去年收入约160亿美元,而2022年《华尔街日报》报道其收入仅46亿美元,两年来增长虽快,但相比AI企业的爆炸式增长仍显得温和。这亦意味SpaceX要支撑创办人马斯克将其与xAI合并后订出的1.25万亿美元估值,难度不小。</p><h3 id=\"id_3496365914\">Starlink为收入主力 估值天花板明显</h3><p style=\"text-align: start;\">SpaceX最大收入来源为星链卫星互联网服务,该业务虽具成长性,但本质上属基础设施型,与市场给予AI企业的“超高估值”逻辑并不完全匹配。</p><p style=\"text-align: start;\">尽管马斯克在散户投资者中号召力巨大,任何事均有可能,但最终SpaceX能否以理想估值及集资额成功上市,仍取决于其财务报表披露后的真实数据。</p><h3 id=\"id_2500124584\">投行推波助澜 上市前估值恐难作准</h3><p style=\"text-align: start;\">投行在上市前通常会刻意营造热烈气氛,以推高定价,惟市况及投资者反应往往存在变数。市场普遍预期,SpaceX的公开财务资料至少还要数月才能曝光,届时才能更准确评估其实际估值及集资规模。在此之前,市场炒作的热度与现实之间,可能仍有一段距离。</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>SpaceX拟募资逾750亿美元,IPO市场面临资金饱和考验</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\">\nSpaceX拟募资逾750亿美元,IPO市场面临资金饱和考验\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\">2026-03-30 13:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">SpaceX最快将于数日内向美国证交会提交IPO申请文件,市场对其募资规模的揣测已炒得沸沸扬扬。据早前报道,投行人士估计该公司有机会筹集超过750亿美元,这是一个令市场咋舌的数字。若以去年美国IPO市场总集资额775亿美元计算,SpaceX单一公司的目标已接近去年全美IPO总额。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2ea964c3fe35557483dbafb1c4155ce\" title=\"\" tg-width=\"2048\" tg-height=\"1152\"/></p><h3 id=\"id_4204041016\">AI巨头排队上市 市场资金能否承接?</h3><p style=\"text-align: start;\">SpaceX并非唯一计划今年上市的大型企业。据悉,人工智能公司Anthropic正探讨最快第四季IPO,投行估计其集资额可达600亿美元;OpenAI的IPO亦在酝酿之中。在短短12个月内,三间巨头若同时上市,市场是否有足够资金承接,成为一大疑问。</p><p style=\"text-align: start;\">回顾2021年超低息环境下,美股IPO总集资额曾达3160亿美元,惟自2022年利率回升后,市场流动性已大不如前。倘若市况持续波动,至少有一家企业的上市计划可能落空。</p><h3 id=\"id_658031724\">AI企业增长惊人 SpaceX增速相对逊色</h3><p style=\"text-align: start;\">OpenAI及Anthropic受惠于人工智能热潮,增长惊人。据报道,Anthropic今年首两个月的年化销售额已较去年翻倍。</p><p style=\"text-align: start;\">反观SpaceX,其财务表现透明度较低,但路透报道指去年收入约160亿美元,而2022年《华尔街日报》报道其收入仅46亿美元,两年来增长虽快,但相比AI企业的爆炸式增长仍显得温和。这亦意味SpaceX要支撑创办人马斯克将其与xAI合并后订出的1.25万亿美元估值,难度不小。</p><h3 id=\"id_3496365914\">Starlink为收入主力 估值天花板明显</h3><p style=\"text-align: start;\">SpaceX最大收入来源为星链卫星互联网服务,该业务虽具成长性,但本质上属基础设施型,与市场给予AI企业的“超高估值”逻辑并不完全匹配。</p><p style=\"text-align: start;\">尽管马斯克在散户投资者中号召力巨大,任何事均有可能,但最终SpaceX能否以理想估值及集资额成功上市,仍取决于其财务报表披露后的真实数据。</p><h3 id=\"id_2500124584\">投行推波助澜 上市前估值恐难作准</h3><p style=\"text-align: start;\">投行在上市前通常会刻意营造热烈气氛,以推高定价,惟市况及投资者反应往往存在变数。市场普遍预期,SpaceX的公开财务资料至少还要数月才能曝光,届时才能更准确评估其实际估值及集资规模。在此之前,市场炒作的热度与现实之间,可能仍有一段距离。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f16a7a67d0d2e6f1e72c43b8fe10d226","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170277110","content_text":"SpaceX最快将于数日内向美国证交会提交IPO申请文件,市场对其募资规模的揣测已炒得沸沸扬扬。据早前报道,投行人士估计该公司有机会筹集超过750亿美元,这是一个令市场咋舌的数字。若以去年美国IPO市场总集资额775亿美元计算,SpaceX单一公司的目标已接近去年全美IPO总额。AI巨头排队上市 市场资金能否承接?SpaceX并非唯一计划今年上市的大型企业。据悉,人工智能公司Anthropic正探讨最快第四季IPO,投行估计其集资额可达600亿美元;OpenAI的IPO亦在酝酿之中。在短短12个月内,三间巨头若同时上市,市场是否有足够资金承接,成为一大疑问。回顾2021年超低息环境下,美股IPO总集资额曾达3160亿美元,惟自2022年利率回升后,市场流动性已大不如前。倘若市况持续波动,至少有一家企业的上市计划可能落空。AI企业增长惊人 SpaceX增速相对逊色OpenAI及Anthropic受惠于人工智能热潮,增长惊人。据报道,Anthropic今年首两个月的年化销售额已较去年翻倍。反观SpaceX,其财务表现透明度较低,但路透报道指去年收入约160亿美元,而2022年《华尔街日报》报道其收入仅46亿美元,两年来增长虽快,但相比AI企业的爆炸式增长仍显得温和。这亦意味SpaceX要支撑创办人马斯克将其与xAI合并后订出的1.25万亿美元估值,难度不小。Starlink为收入主力 估值天花板明显SpaceX最大收入来源为星链卫星互联网服务,该业务虽具成长性,但本质上属基础设施型,与市场给予AI企业的“超高估值”逻辑并不完全匹配。尽管马斯克在散户投资者中号召力巨大,任何事均有可能,但最终SpaceX能否以理想估值及集资额成功上市,仍取决于其财务报表披露后的真实数据。投行推波助澜 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20:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国财长贝森特:我们不会攻击伊朗的能源基础设施。霍尔木兹海峡是“临时”瓶颈。</p><p>贝森特:我们允许伊朗石油继续运出海湾。海面上约有1.3亿桶伊朗原油。</p><p>贝森特:美国或将在未来几天内解除对伊朗海上石油的制裁。美国可单方面释放石油储备。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9c89cb55b72a33bafe558d13158b9bd6","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142040563","content_text":"美国财长贝森特:我们不会攻击伊朗的能源基础设施。霍尔木兹海峡是“临时”瓶颈。贝森特:我们允许伊朗石油继续运出海湾。海面上约有1.3亿桶伊朗原油。贝森特:美国或将在未来几天内解除对伊朗海上石油的制裁。美国可单方面释放石油储备。","news_type":1,"symbols_score_info":{"CLmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544508708356176,"gmtCreate":1773921874061,"gmtModify":1773921876319,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"对电池衰竭率有硬核不?","listText":"对电池衰竭率有硬核不?","text":"对电池衰竭率有硬核不?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544508708356176","repostId":"1140079601","repostType":2,"repost":{"id":"1140079601","kind":"news","weMediaInfo":{"introduction":"全球快讯第一时间播报","home_visible":1,"media_name":"美股速递","id":"1004306016","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"pubTimestamp":1773914088,"share":"https://www.laohu8.com/m/news/1140079601?lang=zh_CN&edition=full","pubTime":"2026-03-19 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17:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国国家公路交通安全管理局(NHTSA)宣布,将针对约320.38万辆配备全自动驾驶(FSD)系统的 <a href=\"https://laohu8.com/S/TSLA\">特斯拉</a> 美国车辆启动工程分析(EA)。此次调查的核心焦点在于FSD系统的退化检测功能可能存在的失效风险。</p><p>该工程分析旨在深入评估FSD系统在识别和响应性能退化方面的潜在缺陷。监管机构担忧,若该检测机制未能正常运作,可能会影响车辆自动驾驶功能的安全性能。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1da1808c476bfbe9388a4202f176a117","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140079601","content_text":"美国国家公路交通安全管理局(NHTSA)宣布,将针对约320.38万辆配备全自动驾驶(FSD)系统的 特斯拉 美国车辆启动工程分析(EA)。此次调查的核心焦点在于FSD系统的退化检测功能可能存在的失效风险。该工程分析旨在深入评估FSD系统在识别和响应性能退化方面的潜在缺陷。监管机构担忧,若该检测机制未能正常运作,可能会影响车辆自动驾驶功能的安全性能。","news_type":1,"symbols_score_info":{"TSLA":2}},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544029278409096,"gmtCreate":1773845142406,"gmtModify":1773845144807,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"梭哈就完事了[龇牙] ","listText":"梭哈就完事了[龇牙] ","text":"梭哈就完事了[龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544029278409096","repostId":"1162597745","repostType":2,"repost":{"id":"1162597745","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":1773842367,"share":"https://www.laohu8.com/m/news/1162597745?lang=zh_CN&edition=full","pubTime":"2026-03-18 21:59","market":"fut","language":"zh","title":"伊朗誓言打击中东三国石油设施,油价上涨,现货金、银大跌","url":"https://stock-news.laohu8.com/highlight/detail?id=1162597745","media":"老虎资讯综合","summary":"金价持续承压。","content":"<html><head></head><body><p>周三,伊朗方面表示将就能源设施被袭击一事展开报复,中东三国石油设施成为合法打击目标,油价应声上涨、金银承压。现货黄金周三一度跌逾3%,跌至一个多月来的最低水平;现货白银一度跌逾4%,创一个月来新低;布伦特原油一度突破105美元/桶。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33dbf98dd8db83cf07aa56339bec1335\" tg-width=\"1125\" tg-height=\"420\"/></p><p>High Ridge Futures金属交易总监大卫·梅格尔表示,由于战争持续升级导致的能源价格上涨给通胀“添了一把柴”,美联储可能无法降息,这使金价持续承压。目前并不缺乏避险需求,只是其他压力盖过了对黄金的这种需求。伊朗冲突已持续近三周,几乎没有缓和迹象,这使得基准布伦特原油期货价格继续保持在每桶100美元以上,而随着能源成本上升波及更广泛的经济领域,这反过来又可能加剧通胀。</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>伊朗誓言打击中东三国石油设施,油价上涨,现货金、银大跌</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伊朗誓言打击中东三国石油设施,油价上涨,现货金、银大跌\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\">2026-03-18 21:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三,伊朗方面表示将就能源设施被袭击一事展开报复,中东三国石油设施成为合法打击目标,油价应声上涨、金银承压。现货黄金周三一度跌逾3%,跌至一个多月来的最低水平;现货白银一度跌逾4%,创一个月来新低;布伦特原油一度突破105美元/桶。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33dbf98dd8db83cf07aa56339bec1335\" tg-width=\"1125\" tg-height=\"420\"/></p><p>High Ridge Futures金属交易总监大卫·梅格尔表示,由于战争持续升级导致的能源价格上涨给通胀“添了一把柴”,美联储可能无法降息,这使金价持续承压。目前并不缺乏避险需求,只是其他压力盖过了对黄金的这种需求。伊朗冲突已持续近三周,几乎没有缓和迹象,这使得基准布伦特原油期货价格继续保持在每桶100美元以上,而随着能源成本上升波及更广泛的经济领域,这反过来又可能加剧通胀。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/6142fd911244ec1e384d3f4b89102e63","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162597745","content_text":"周三,伊朗方面表示将就能源设施被袭击一事展开报复,中东三国石油设施成为合法打击目标,油价应声上涨、金银承压。现货黄金周三一度跌逾3%,跌至一个多月来的最低水平;现货白银一度跌逾4%,创一个月来新低;布伦特原油一度突破105美元/桶。High Ridge Futures金属交易总监大卫·梅格尔表示,由于战争持续升级导致的能源价格上涨给通胀“添了一把柴”,美联储可能无法降息,这使金价持续承压。目前并不缺乏避险需求,只是其他压力盖过了对黄金的这种需求。伊朗冲突已持续近三周,几乎没有缓和迹象,这使得基准布伦特原油期货价格继续保持在每桶100美元以上,而随着能源成本上升波及更广泛的经济领域,这反过来又可能加剧通胀。","news_type":1,"symbols_score_info":{"BZmain":2,"GCmain":2,"SImain":2,"CLmain":2}},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":538370806318464,"gmtCreate":1772459074695,"gmtModify":1772459077304,"author":{"id":"3539827262953203","authorId":"3539827262953203","name":"专薅羊毛融","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3539827262953203","idStr":"3539827262953203"},"themes":[],"title":"","htmlText":"算命卜卦😆😆","listText":"算命卜卦😆😆","text":"算命卜卦😆😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/538370806318464","repostId":"2616870352","repostType":2,"repost":{"id":"2616870352","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1772411936,"share":"https://www.laohu8.com/m/news/2616870352?lang=zh_CN&edition=full","pubTime":"2026-03-02 08:38","market":"sg","language":"zh","title":"高盛评估“伊朗冲击”:油价上涨18美元/桶,相当于霍尔木兹海峡封闭6周","url":"https://stock-news.laohu8.com/highlight/detail?id=2616870352","media":"华尔街见闻","summary":"高盛测算显示,目前原油每桶18美元的实时风险溢价相当于霍尔木兹海峡全面停运约六周,如果海峡仅部分关闭(50%流量受阻)一个月,在动用备用管道的情况下,油价上涨幅度为4美元/桶。天然气市场方面,若霍尔木兹海峡断供一月,欧洲天然气或暴涨130%,成品油与航运费率也将进一步飙升。","content":"<html><head></head><body><p>中东地缘政治冲突骤然升级,全球能源市场面临严峻的供应中断风险。</p><p>据追风交易台,<a href=\"https://laohu8.com/S/GS\">高盛</a>最新报告指出,<strong>周末原油市场已计入每桶18美元的风险溢价,这一幅度相当于霍尔木兹<a href=\"https://laohu8.com/S/002320\">海峡</a>全面封锁六周的预期影响。</strong></p><p>周末期间,伊朗最高领袖哈梅内伊在以色列和美国的军事行动中丧生,伊朗随后向多国境内的美国资产及盟友发射导弹和无人机。据报道,该地区已有三艘油轮受损,大量承运商、石油生产商和保险公司已转入谨慎的观望模式。</p><p>受此影响,WTI零售交易产品在周末飙升15%。高盛分析师 Daan Struyven 等人表示,目前每桶18美元的实时风险溢价处于2005年以来的第98百分位,期权市场的看涨偏度也触及过去15年来的最高水平。</p><p>周一,WTI原油期货开盘上涨逾11%,布伦特原油开盘飙升13%,随后涨幅有所收窄。</p><p><strong>此外,全球天然气和航运市场同样受到波及。</strong>高盛警告称,若霍尔木兹海峡的液化天然气(LNG)断供一个月,欧洲天然气价格可能飙升130%,而从中东到中国的超大型油轮(VLCC)运费在周五收盘前的一个月内已增至三倍。</p><h2 id=\"id_1541697814\">霍尔木兹海峡成关键变量</h2><p>霍尔木兹海峡是全球能源动脉,承载了全球近五分之一的石油和液化天然气供应。</p><p>据高盛报告,2025年经该海峡的原油出口量达1340万桶/日。尽管国际能源署(IEA)估计有420万桶/日的石油可通过现有备用管道重定向,但在海峡完全关闭的极端假设下,仍有约1600万桶/日的石油流量面临风险。</p><p>在基础设施受损方面,据媒体报道,处理伊朗90%以上原油出口的哈尔克岛(Kharg Island)石油出口码头发生爆炸,杜库姆(Duqm)港口也遭到袭击,但目前尚未确认该地区石油生产或出口基础设施遭受实质性破坏。</p><p><strong>高盛目前维持基础能源价格预测不变,即假设没有持续的供应中断,但正密切监控高频流量数据。</strong></p><h2 id=\"id_1814346104\">油价溢价与情境推演</h2><p>高盛测算的18美元/桶实时风险溢价,意味着市场正在定价全球供应出现1年期、每日230万桶的中断,或相当于霍尔木兹海峡全面停运约一个月(并假设备用管道能提供部分缓冲)。</p><p><strong>报告还对不同的中断情境进行了推演:</strong></p><blockquote><p>如果在没有备用管道和战略石油储备(SPR)释放等缓冲的情况下,霍尔木兹海峡全面关闭一个月,原油公允价值将上涨15美元/桶;</p><p>若动用全部400万桶/日的备用管道产能,涨幅将收窄至12美元/桶;若进一步配合每日200万桶的全球SPR释放,涨幅将降至10美元/桶。</p><p>如果海峡仅部分关闭(50%流量受阻)一个月,在动用备用管道的情况下,油价上涨幅度为4美元/桶。</p></blockquote><h2 id=\"id_526305229\">供应缓冲:备用产能、库存与SPR能否托底?</h2><p>高盛估计,当前全球石油备用产能约为370万桶/日,主要集中于沙特阿拉伯和阿联酋。<strong>然而,若霍尔木兹海峡持续封闭,OPEC+部署上述备用产能的物理条件将受到直接制约</strong>,因为沙特、伊拉克和阿联酋2025年通过霍尔木兹海峡的石油出口合计高达1310万桶/日。</p><p>库存方面,全球可见库存当前约为78.27亿桶,以需求天数衡量接近历史中位值(74天),对价格预测能力最强的OECD商业库存亦接近中位水平。美国战略石油储备目前为4.15亿桶,较2021年底已减少约1.8亿桶。值得注意的是,据英国《金融时报》报道,<a href=\"https://laohu8.com/S/USEG\">美国能源</a>部一名官员表示,目前"完全没有关于动用SPR的讨论",这或暗示华盛顿方面认为油价飙升的幅度和持续时间有限。</p><p>OPEC+当天宣布将于4月上调所需产量21万桶/日,略高于高盛此前预期的14万桶/日。此外,高盛指出,美国页岩油对价格的敏感度已随资源成熟度提升而下降,大幅增产通常需要数个季度方能实现。</p><h2 id=\"id_299508040\">欧洲天然气面临翻倍风险</h2><p>与石油市场不同,欧洲天然气价格在上周五之前几乎未计入与伊朗相关的地缘政治风险。然而,高盛认为,中东事态发展对欧洲天然气和全球LNG价格构成了重大的上行风险。</p><p>霍尔木兹海峡通常输送约8000万吨/年的LNG,占全球供应的19%。高盛预计,如果经由该海峡的LNG输送完全中断一个月,将导致西北欧天然气库存收紧,相当于其总容量的8%。</p><p>在此情境下,<strong>欧洲天然气基准(TTF)和亚洲现货LNG(JKM)价格可能接近74欧元/兆瓦时(25美元/百万英热单位),较当前水平高出130%。</strong>这一价格门槛曾触发了2022年欧洲能源危机期间大规模的天然气需求破坏。</p><p>相比之下,美国天然气价格面临的上行风险十分有限。</p><h2 id=\"id_2702318942\">成品油与航运费率飙升</h2><p>冲突对成品油及航运市场的影响同样直接。虽然伊朗仅出口约50万桶/日的成品油,直接供应影响有限,但全球约9%的中间馏分油(柴油、气商)和18%的航空煤油出口需经过霍尔木兹海峡。海峡受阻将给本已走强的成品油利润率带来进一步上行风险,尤其是亚洲市场。</p><p>航运和保险费率也面临大幅攀升。高盛指出,年初至今,全球原油平均运费已上涨50%(即2.4美元/桶)。即使海峡未出现进一步的大规模中断,出于预防目的的库存囤积和航线重定向,也足以推高已经处于高位的油轮运费。</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>高盛评估“伊朗冲击”:油价上涨18美元/桶,相当于霍尔木兹海峡封闭6周</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; 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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高盛评估“伊朗冲击”:油价上涨18美元/桶,相当于霍尔木兹海峡封闭6周\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-02 08:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>中东地缘政治冲突骤然升级,全球能源市场面临严峻的供应中断风险。</p><p>据追风交易台,<a href=\"https://laohu8.com/S/GS\">高盛</a>最新报告指出,<strong>周末原油市场已计入每桶18美元的风险溢价,这一幅度相当于霍尔木兹<a href=\"https://laohu8.com/S/002320\">海峡</a>全面封锁六周的预期影响。</strong></p><p>周末期间,伊朗最高领袖哈梅内伊在以色列和美国的军事行动中丧生,伊朗随后向多国境内的美国资产及盟友发射导弹和无人机。据报道,该地区已有三艘油轮受损,大量承运商、石油生产商和保险公司已转入谨慎的观望模式。</p><p>受此影响,WTI零售交易产品在周末飙升15%。高盛分析师 Daan Struyven 等人表示,目前每桶18美元的实时风险溢价处于2005年以来的第98百分位,期权市场的看涨偏度也触及过去15年来的最高水平。</p><p>周一,WTI原油期货开盘上涨逾11%,布伦特原油开盘飙升13%,随后涨幅有所收窄。</p><p><strong>此外,全球天然气和航运市场同样受到波及。</strong>高盛警告称,若霍尔木兹海峡的液化天然气(LNG)断供一个月,欧洲天然气价格可能飙升130%,而从中东到中国的超大型油轮(VLCC)运费在周五收盘前的一个月内已增至三倍。</p><h2 id=\"id_1541697814\">霍尔木兹海峡成关键变量</h2><p>霍尔木兹海峡是全球能源动脉,承载了全球近五分之一的石油和液化天然气供应。</p><p>据高盛报告,2025年经该海峡的原油出口量达1340万桶/日。尽管国际能源署(IEA)估计有420万桶/日的石油可通过现有备用管道重定向,但在海峡完全关闭的极端假设下,仍有约1600万桶/日的石油流量面临风险。</p><p>在基础设施受损方面,据媒体报道,处理伊朗90%以上原油出口的哈尔克岛(Kharg Island)石油出口码头发生爆炸,杜库姆(Duqm)港口也遭到袭击,但目前尚未确认该地区石油生产或出口基础设施遭受实质性破坏。</p><p><strong>高盛目前维持基础能源价格预测不变,即假设没有持续的供应中断,但正密切监控高频流量数据。</strong></p><h2 id=\"id_1814346104\">油价溢价与情境推演</h2><p>高盛测算的18美元/桶实时风险溢价,意味着市场正在定价全球供应出现1年期、每日230万桶的中断,或相当于霍尔木兹海峡全面停运约一个月(并假设备用管道能提供部分缓冲)。</p><p><strong>报告还对不同的中断情境进行了推演:</strong></p><blockquote><p>如果在没有备用管道和战略石油储备(SPR)释放等缓冲的情况下,霍尔木兹海峡全面关闭一个月,原油公允价值将上涨15美元/桶;</p><p>若动用全部400万桶/日的备用管道产能,涨幅将收窄至12美元/桶;若进一步配合每日200万桶的全球SPR释放,涨幅将降至10美元/桶。</p><p>如果海峡仅部分关闭(50%流量受阻)一个月,在动用备用管道的情况下,油价上涨幅度为4美元/桶。</p></blockquote><h2 id=\"id_526305229\">供应缓冲:备用产能、库存与SPR能否托底?</h2><p>高盛估计,当前全球石油备用产能约为370万桶/日,主要集中于沙特阿拉伯和阿联酋。<strong>然而,若霍尔木兹海峡持续封闭,OPEC+部署上述备用产能的物理条件将受到直接制约</strong>,因为沙特、伊拉克和阿联酋2025年通过霍尔木兹海峡的石油出口合计高达1310万桶/日。</p><p>库存方面,全球可见库存当前约为78.27亿桶,以需求天数衡量接近历史中位值(74天),对价格预测能力最强的OECD商业库存亦接近中位水平。美国战略石油储备目前为4.15亿桶,较2021年底已减少约1.8亿桶。值得注意的是,据英国《金融时报》报道,<a href=\"https://laohu8.com/S/USEG\">美国能源</a>部一名官员表示,目前"完全没有关于动用SPR的讨论",这或暗示华盛顿方面认为油价飙升的幅度和持续时间有限。</p><p>OPEC+当天宣布将于4月上调所需产量21万桶/日,略高于高盛此前预期的14万桶/日。此外,高盛指出,美国页岩油对价格的敏感度已随资源成熟度提升而下降,大幅增产通常需要数个季度方能实现。</p><h2 id=\"id_299508040\">欧洲天然气面临翻倍风险</h2><p>与石油市场不同,欧洲天然气价格在上周五之前几乎未计入与伊朗相关的地缘政治风险。然而,高盛认为,中东事态发展对欧洲天然气和全球LNG价格构成了重大的上行风险。</p><p>霍尔木兹海峡通常输送约8000万吨/年的LNG,占全球供应的19%。高盛预计,如果经由该海峡的LNG输送完全中断一个月,将导致西北欧天然气库存收紧,相当于其总容量的8%。</p><p>在此情境下,<strong>欧洲天然气基准(TTF)和亚洲现货LNG(JKM)价格可能接近74欧元/兆瓦时(25美元/百万英热单位),较当前水平高出130%。</strong>这一价格门槛曾触发了2022年欧洲能源危机期间大规模的天然气需求破坏。</p><p>相比之下,美国天然气价格面临的上行风险十分有限。</p><h2 id=\"id_2702318942\">成品油与航运费率飙升</h2><p>冲突对成品油及航运市场的影响同样直接。虽然伊朗仅出口约50万桶/日的成品油,直接供应影响有限,但全球约9%的中间馏分油(柴油、气商)和18%的航空煤油出口需经过霍尔木兹海峡。海峡受阻将给本已走强的成品油利润率带来进一步上行风险,尤其是亚洲市场。</p><p>航运和保险费率也面临大幅攀升。高盛指出,年初至今,全球原油平均运费已上涨50%(即2.4美元/桶)。即使海峡未出现进一步的大规模中断,出于预防目的的库存囤积和航线重定向,也足以推高已经处于高位的油轮运费。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ba0e918dfd4ec815c4f78fc4cfc3ea3e","relate_stocks":{"LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","GSX":"Tradr 2X Long GS Daily ETF","BK4516":"特朗普概念","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU1894683348.USD":"AMUNDI 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ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4127":"投资银行业与经纪业","BK4588":"碎股","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC"},"source_url":"https://wallstreetcn.com/articles/3766481","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2616870352","content_text":"中东地缘政治冲突骤然升级,全球能源市场面临严峻的供应中断风险。据追风交易台,高盛最新报告指出,周末原油市场已计入每桶18美元的风险溢价,这一幅度相当于霍尔木兹海峡全面封锁六周的预期影响。周末期间,伊朗最高领袖哈梅内伊在以色列和美国的军事行动中丧生,伊朗随后向多国境内的美国资产及盟友发射导弹和无人机。据报道,该地区已有三艘油轮受损,大量承运商、石油生产商和保险公司已转入谨慎的观望模式。受此影响,WTI零售交易产品在周末飙升15%。高盛分析师 Daan Struyven 等人表示,目前每桶18美元的实时风险溢价处于2005年以来的第98百分位,期权市场的看涨偏度也触及过去15年来的最高水平。周一,WTI原油期货开盘上涨逾11%,布伦特原油开盘飙升13%,随后涨幅有所收窄。此外,全球天然气和航运市场同样受到波及。高盛警告称,若霍尔木兹海峡的液化天然气(LNG)断供一个月,欧洲天然气价格可能飙升130%,而从中东到中国的超大型油轮(VLCC)运费在周五收盘前的一个月内已增至三倍。霍尔木兹海峡成关键变量霍尔木兹海峡是全球能源动脉,承载了全球近五分之一的石油和液化天然气供应。据高盛报告,2025年经该海峡的原油出口量达1340万桶/日。尽管国际能源署(IEA)估计有420万桶/日的石油可通过现有备用管道重定向,但在海峡完全关闭的极端假设下,仍有约1600万桶/日的石油流量面临风险。在基础设施受损方面,据媒体报道,处理伊朗90%以上原油出口的哈尔克岛(Kharg Island)石油出口码头发生爆炸,杜库姆(Duqm)港口也遭到袭击,但目前尚未确认该地区石油生产或出口基础设施遭受实质性破坏。高盛目前维持基础能源价格预测不变,即假设没有持续的供应中断,但正密切监控高频流量数据。油价溢价与情境推演高盛测算的18美元/桶实时风险溢价,意味着市场正在定价全球供应出现1年期、每日230万桶的中断,或相当于霍尔木兹海峡全面停运约一个月(并假设备用管道能提供部分缓冲)。报告还对不同的中断情境进行了推演:如果在没有备用管道和战略石油储备(SPR)释放等缓冲的情况下,霍尔木兹海峡全面关闭一个月,原油公允价值将上涨15美元/桶;若动用全部400万桶/日的备用管道产能,涨幅将收窄至12美元/桶;若进一步配合每日200万桶的全球SPR释放,涨幅将降至10美元/桶。如果海峡仅部分关闭(50%流量受阻)一个月,在动用备用管道的情况下,油价上涨幅度为4美元/桶。供应缓冲:备用产能、库存与SPR能否托底?高盛估计,当前全球石油备用产能约为370万桶/日,主要集中于沙特阿拉伯和阿联酋。然而,若霍尔木兹海峡持续封闭,OPEC+部署上述备用产能的物理条件将受到直接制约,因为沙特、伊拉克和阿联酋2025年通过霍尔木兹海峡的石油出口合计高达1310万桶/日。库存方面,全球可见库存当前约为78.27亿桶,以需求天数衡量接近历史中位值(74天),对价格预测能力最强的OECD商业库存亦接近中位水平。美国战略石油储备目前为4.15亿桶,较2021年底已减少约1.8亿桶。值得注意的是,据英国《金融时报》报道,美国能源部一名官员表示,目前\"完全没有关于动用SPR的讨论\",这或暗示华盛顿方面认为油价飙升的幅度和持续时间有限。OPEC+当天宣布将于4月上调所需产量21万桶/日,略高于高盛此前预期的14万桶/日。此外,高盛指出,美国页岩油对价格的敏感度已随资源成熟度提升而下降,大幅增产通常需要数个季度方能实现。欧洲天然气面临翻倍风险与石油市场不同,欧洲天然气价格在上周五之前几乎未计入与伊朗相关的地缘政治风险。然而,高盛认为,中东事态发展对欧洲天然气和全球LNG价格构成了重大的上行风险。霍尔木兹海峡通常输送约8000万吨/年的LNG,占全球供应的19%。高盛预计,如果经由该海峡的LNG输送完全中断一个月,将导致西北欧天然气库存收紧,相当于其总容量的8%。在此情境下,欧洲天然气基准(TTF)和亚洲现货LNG(JKM)价格可能接近74欧元/兆瓦时(25美元/百万英热单位),较当前水平高出130%。这一价格门槛曾触发了2022年欧洲能源危机期间大规模的天然气需求破坏。相比之下,美国天然气价格面临的上行风险十分有限。成品油与航运费率飙升冲突对成品油及航运市场的影响同样直接。虽然伊朗仅出口约50万桶/日的成品油,直接供应影响有限,但全球约9%的中间馏分油(柴油、气商)和18%的航空煤油出口需经过霍尔木兹海峡。海峡受阻将给本已走强的成品油利润率带来进一步上行风险,尤其是亚洲市场。航运和保险费率也面临大幅攀升。高盛指出,年初至今,全球原油平均运费已上涨50%(即2.4美元/桶)。即使海峡未出现进一步的大规模中断,出于预防目的的库存囤积和航线重定向,也足以推高已经处于高位的油轮运费。","news_type":1,"symbols_score_info":{"OXY":2,"CLmain":2,"GSX":0.6,"BZmain":2,"DUG":1.5,"QMmain":2}},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"following","isTTM":false}