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脑残都说自己是分析师
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脑残都说自己是分析师
脑残都说自己是分析师
·
07-20
这种股还能涨？
港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份
【港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份】智通财经APP获悉，赛力斯(09927.HK)涨近5%，截至发稿，涨3.33%，报43.48港元，报4328
港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份
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脑残都说自己是分析师
脑残都说自己是分析师
·
07-20
$智谱(02513)$
这种垃圾怎么上市的，怎么被吵到现在这样的？
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脑残都说自己是分析师
脑残都说自己是分析师
·
07-10
抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！
赛力斯：2026年预计研发投入仍将超过百亿元
证券日报网7月8日讯，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。
赛力斯：2026年预计研发投入仍将超过百亿元
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脑残都说自己是分析师
脑残都说自己是分析师
·
07-09
和滑伪合作，你有机会把用料做扎实嘛
赛力斯：问界坚定高端出海、全系车型出海战略
证券日报网7月8日讯，赛力斯在接受调研者提问时表示，公司密切关注国际动态，积极布局海外市场。问界坚定高端出海、全系车型出海战略，并将以“高安全、高可靠、高性能、高品质、高价值”的五高新标准参与全球高端汽车市场竞争。公司将围绕重点区域市场，并结合当地市场的法规标准、用户需求、竞争环境及外部形势变化开展产品布局，形成分阶段的海外市场落地路径。
赛力斯：问界坚定高端出海、全系车型出海战略
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脑残都说自己是分析师
脑残都说自己是分析师
·
06-29
$小米集团-W(01810)$
加仓 加仓20万股，一个月翻翻！
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脑残都说自己是分析师
脑残都说自己是分析师
·
06-29
华伪请的狗太多了
广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关
近日，一位小米车主发布视频，反映广州华立学院禁止小米汽车进入校园，引发网友热议。广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查
广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关
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脑残都说自己是分析师
脑残都说自己是分析师
·
06-25
千万别进，割死你，这种垃圾股就等着收割呢
谁把智谱推上了万亿神坛？
6月22日，刚上市不到半年的$智谱$开盘暴涨13%，总市值站上1万亿港元。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。选择和幸运打造了万亿市值？去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。
谁把智谱推上了万亿神坛？
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脑残都说自己是分析师
脑残都说自己是分析师
·
06-12
肯定有花贼 AI TO汽车
两部门约谈提醒涉嫌非理性竞争汽车生产企业
6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。
两部门约谈提醒涉嫌非理性竞争汽车生产企业
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脑残都说自己是分析师
脑残都说自己是分析师
·
05-21
问界这种贴赛车，二手能卖出去吗
杰兰路发布4月新能源保值率：问界实力登顶 小米第二
快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。对比2-4月数据，头部品牌保值率走势分化。
杰兰路发布4月新能源保值率：问界实力登顶 小米第二
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脑残都说自己是分析师
脑残都说自己是分析师
·
05-13
很多华伪请的狗媒体
奥迪高管"贴脸开大"：小米汽车用消费级芯片？雷军急回应！
5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。 要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”。
奥迪高管"贴脸开大"：小米汽车用消费级芯片？雷军急回应！
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href=\"https://www.zhitongcaijing.com/immediately.html?type=ganggu\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601127":"赛力斯","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","09927":"赛力斯","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","BK1119":"汽车制造商"},"source_url":"https://www.zhitongcaijing.com/immediately.html?type=ganggu","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2652260571","content_text":"【港股异动 | 赛力斯(09927.HK)涨近5% 近日获董事、高管及骨干团队增持公司股份】智通财经APP获悉，赛力斯(09927.HK)涨近5%，截至发稿，涨3.33%，报43.48港元，报4328.54万港元。","news_type":1,"symbols_score_info":{"601127":1.97,"09927":1.97}},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":587672526266408,"gmtCreate":1784506156395,"gmtModify":1784508082769,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02513\">$智谱(02513)$</a> 这种垃圾怎么上市的，怎么被吵到现在这样的？","listText":"<a href=\"https://laohu8.com/S/02513\">$智谱(02513)$</a> 这种垃圾怎么上市的，怎么被吵到现在这样的？","text":"$智谱(02513)$ 这种垃圾怎么上市的，怎么被吵到现在这样的？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":2,"link":"https://laohu8.com/post/587672526266408","isVote":1,"tweetType":1,"viewCount":992,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3462486862768890","authorId":"3462486862768890","name":"winterrain","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3462486862768890","authorIdStr":"3462486862768890"},"content":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","text":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力","html":"一路绿通上的，就是要让二级的韭菜帮着发展国产大模型，大家再给点力"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":584245781464256,"gmtCreate":1783669627071,"gmtModify":1783669629223,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","listText":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","text":"抵不过花贼对你们的蚕食，脱离花贼才能自己强大，智驾只是你的配件，你的供应商而已！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/584245781464256","repostId":"2649089999","repostType":2,"repost":{"id":"2649089999","kind":"news","pubTimestamp":1783517280,"share":"https://www.laohu8.com/m/news/2649089999?lang=zh_CN&edition=full","pubTime":"2026-07-08 21:28","market":"us","language":"zh","title":"赛力斯：2026年预计研发投入仍将超过百亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=2649089999","media":"证券日报","summary":"证券日报网7月8日讯，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。","content":"<html><body><div>\n<p> 证券日报网7月8日讯 ，<span><a href=\"https://laohu8.com/S/601127\">赛力斯</a></span>在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品<a href=\"https://laohu8.com/S/301365\">矩阵</a>，并在坚持高端定位的前提下，拓展多元品类和价格带。平台化建设方面，公司的魔方技术平台不断进阶，能够有效提升研发效率，为产品高效开发与技术量产落地筑牢底层支撑。创新业务方面，公司积极围绕智能化、电动化及AI化开展长期布局，并通过多元场景不断进行验证与迭代，稳步推动技术能力沉淀和成果转化，为公司长期高质量发展提供支撑。</p><p>（文章来源：证券日报）</p> </div></body></html>","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>赛力斯：2026年预计研发投入仍将超过百亿元</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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，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。平台化建设方面，公司的魔方技术平台不断进阶，能够...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202607083798681062.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":{"601127":"赛力斯","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK1119":"汽车制造商","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","09927":"赛力斯"},"source_url":"http://finance.eastmoney.com/a/202607083798681062.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2649089999","content_text":"证券日报网7月8日讯 ，赛力斯在接受调研者提问时表示，作为一家技术科技型企业，公司以自主创新夯实技术底座，以融合创新实现能力跃升，持续构建面向未来的竞争力，2026年预计研发投入仍将超过百亿元。公司研发投入主要投向大单品打造、平台化建设及创新业务等关键领域。大单品打造方面，公司将不断夯实当前的产品矩阵，并在坚持高端定位的前提下，拓展多元品类和价格带。平台化建设方面，公司的魔方技术平台不断进阶，能够有效提升研发效率，为产品高效开发与技术量产落地筑牢底层支撑。创新业务方面，公司积极围绕智能化、电动化及AI化开展长期布局，并通过多元场景不断进行验证与迭代，稳步推动技术能力沉淀和成果转化，为公司长期高质量发展提供支撑。（文章来源：证券日报）","news_type":1,"symbols_score_info":{"601127":1.97,"09927":1.97}},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":583793053504856,"gmtCreate":1783559106805,"gmtModify":1783559108849,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"和滑伪合作，你有机会把用料做扎实嘛","listText":"和滑伪合作，你有机会把用料做扎实嘛","text":"和滑伪合作，你有机会把用料做扎实嘛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/583793053504856","repostId":"2649707999","repostType":2,"repost":{"id":"2649707999","kind":"news","pubTimestamp":1783517340,"share":"https://www.laohu8.com/m/news/2649707999?lang=zh_CN&edition=full","pubTime":"2026-07-08 21:29","market":"hk","language":"zh","title":"赛力斯：问界坚定高端出海、全系车型出海战略","url":"https://stock-news.laohu8.com/highlight/detail?id=2649707999","media":"证券日报","summary":"证券日报网7月8日讯，赛力斯在接受调研者提问时表示，公司密切关注国际动态，积极布局海外市场。问界坚定高端出海、全系车型出海战略，并将以“高安全、高可靠、高性能、高品质、高价值”的五高新标准参与全球高端汽车市场竞争。公司将围绕重点区域市场，并结合当地市场的法规标准、用户需求、竞争环境及外部形势变化开展产品布局，形成分阶段的海外市场落地路径。","content":"<html><body><div>\n<p> 证券日报网7月8日讯 ，<span><a href=\"https://laohu8.com/S/601127\">赛力斯</a></span>在接受调研者提问时表示，公司密切关注国际动态，积极布局海外市场。问界坚定高端出海、全系车型出海战略，并将以“高安全、高可靠、高性能、高品质、高价值”的五<a href=\"https://laohu8.com/S/000628\">高新</a>标准参与全球高端<span>汽车</span><span></span>市场竞争。公司将围绕重点区域市场，并结合当地市场的法规标准、用户需求、竞争环境及外部形势变化开展产品布局，形成分阶段的海外市场落地路径。</p><p>（文章来源：证券日报）</p> </div></body></html>","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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，赛力斯在接受调研者提问时表示，公司密切关注国际动态，积极布局海外市场。问界坚定高端出海、全系车型出海战略，并将以“高安全、高可靠、高性能、高品质、高价值”的五高新标准参与全球高端汽车市场竞争。公司将围绕重点区域市场，并结合当地市场的法规标准、用户需求、竞争环境及外部形势变化开展产品布局，形成分阶段的海外市场落地路径。（文章来源：证券日报）</p>\n\n<a href=\"http://finance.eastmoney.com/a/202607083798676459.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":{"601127":"赛力斯","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","09927":"赛力斯","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","BK1119":"汽车制造商"},"source_url":"http://finance.eastmoney.com/a/202607083798676459.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2649707999","content_text":"证券日报网7月8日讯 ，赛力斯在接受调研者提问时表示，公司密切关注国际动态，积极布局海外市场。问界坚定高端出海、全系车型出海战略，并将以“高安全、高可靠、高性能、高品质、高价值”的五高新标准参与全球高端汽车市场竞争。公司将围绕重点区域市场，并结合当地市场的法规标准、用户需求、竞争环境及外部形势变化开展产品布局，形成分阶段的海外市场落地路径。（文章来源：证券日报）","news_type":1,"symbols_score_info":{"601127":1.96,"09927":1.96}},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580476682649904,"gmtCreate":1782748027533,"gmtModify":1782748029760,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 加仓 加仓20万股，一个月翻翻！","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$ </a> 加仓 加仓20万股，一个月翻翻！","text":"$小米集团-W(01810)$ 加仓 加仓20万股，一个月翻翻！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580476682649904","isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":580258558109096,"gmtCreate":1782694853373,"gmtModify":1782697053421,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"华伪请的狗太多了","listText":"华伪请的狗太多了","text":"华伪请的狗太多了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/580258558109096","repostId":"2647834972","repostType":2,"repost":{"id":"2647834972","kind":"news","pubTimestamp":1782665460,"share":"https://www.laohu8.com/m/news/2647834972?lang=zh_CN&edition=full","pubTime":"2026-06-29 00:51","market":"sh","language":"zh","title":"广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关","url":"https://stock-news.laohu8.com/highlight/detail?id=2647834972","media":"江西都市现场","summary":"近日，一位小米车主发布视频，反映广州华立学院禁止小米汽车进入校园，引发网友热议。广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查","content":"<html><body><p>近日，一位<a href=\"https://laohu8.com/S/XIACY\">小米</a>车主发布视频，反映广州华立学院禁止<a href=\"https://laohu8.com/S/01810\">小米</a>汽车进入校园，引发网友热议。6月28日深夜11点，该学院校长助理林海接受了都市现场记者的采访，再次进行回应。</p><p><img src=\"https://x0.ifengimg.com/res/2026/97A3FF36E8F6C16A6C5340DDADC97EAAB01587A5_size311_w447_h573.png\"/></p><p>6月28日中午12点，都市现场记者致电广州华立学院广州增城校区保卫处。一位保安回应：学校从去年起已明确禁止<a href=\"https://laohu8.com/S/81810\">小米</a>汽车入校，该规定由校领导通知执行。其他外来车辆只要提前预约备案均可进入，唯独小米车不在允许之列。</p><p>至于为何有此规定，这位保安人员表示并不清楚，他们只是按上级规定对外来小米车辆进行劝离。</p><p><img src=\"https://x0.ifengimg.com/res/2026/76AD526CD0EF9D7B00C127EAB61CCEB7796033DD_size421_w529_h771.png\"/></p><p>6月28日晚23点，广州华立学院校长助理林海向都市现场记者介绍，此前保安所说言论并不属实，学校从未针对任何品牌车辆设置入校的限制，并会对这名保安进行调查。</p><p><img src=\"https://x0.ifengimg.com/res/2026/F7893E3A034C5D94A7583E68DF6EA5B75BC6B34F_size644_w1080_h547.png\"/></p><p>据校长助理林海介绍，校园车流量较大，依据校园车辆管理规定，所有外来车辆均须凭码入校，并提前报备，这个规定与车辆品牌无关。</p><p><img src=\"https://x0.ifengimg.com/res/2026/A5C2410711A2FF2CEAC7425B9F42C95EB529A7E7_size677_w1080_h543.png\"/></p><p>校方还向记者提供了近几天小米汽车进出校园的监控视频。他表示，视频里的这些小米汽车全是学校老师的，校外的小米汽车经过报备也是可以进入的。“出入记录都清清楚楚，我们都能允许教职工的车进入，为何不允许校外的小米车进入呢？”林海向记者说道。</p><p><img src=\"https://x0.ifengimg.com/res/2026/20D5984C58C07D019BF275EF6381CC2CC79F06A5_size664_w1080_h542.png\"/></p><p>（图片来源于校方提供的监控视频截图）</p><p>由于近几天车辆流量较大，校外小米汽车进入校园停放的情况，校方还在逐一进行排查。</p><p>6月28日晚上11:30，广州华立学院就此事发布了声明。</p><p><img src=\"https://x0.ifengimg.com/res/2026/D3A7874D932B47E8E5A3ABA8B283C0E4FC6F7637_size77_w782_h991.jpg\"/></p><p>原标题：广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关，并提供教师小米汽车进出记录，涉事保安言论不实正在调查</p></body></html>","source":"fenghuang_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>广州一民办高校深夜再回应禁止小米汽车入校：校园车辆管理一视同仁，与品牌无关</title>\n<style 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href=\"https://tech.ifeng.com/c/8uJsP4muP7b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","BK1575":"同股不同权","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1506":"5G概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) 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11:45","market":"other","language":"zh","title":"谁把智谱推上了万亿神坛？","url":"https://stock-news.laohu8.com/highlight/detail?id=2645865395","media":"光锥智能","summary":"6月22日，刚上市不到半年的$智谱$开盘暴涨13%，总市值站上1万亿港元。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。选择和幸运打造了万亿市值？去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。","content":"<html><head></head><body><p style=\"text-align: left;\">我们正在见证一个AI造富的时代。</p><p style=\"text-align: left;\">6月22日，刚上市不到半年的<a href=\"https://laohu8.com/S/02513\">智谱</a>开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。</p><p style=\"text-align: left;\">时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个<a href=\"https://laohu8.com/S/JD\">京东</a>或是三个<a href=\"https://laohu8.com/S/BIDU\">百度</a>的市值。这简直是中国AI史上的“大奇迹周”。</p><p style=\"text-align: left;\">但这场狂欢里最离谱的不是市值数字，而是人。</p><p style=\"text-align: left;\">根据招股书披露的员工持股信息，以员工持股平台之一慧惠持有9.8%股份、426人持股的数据计算，达到了人均近2亿元人民币的水平。这些“亿万富豪们”，可能大多数是90后、95后。</p><p style=\"text-align: left;\">疯狂的七天里，智谱接连打出了两张提振市值的底牌：</p><p style=\"text-align: left;\">模型层面，GLM-5.2正式发布，作为编程跑分超过Claude Opus 4.8的“最强可用模型”，这几天已经被捧为“第二个DeepSeek时刻”，社交媒体到处都能刷到诸如“核爆”、“大招”的评价。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9303cea7a664313839ad3b9c5fce139\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1065\"/><span></span></p><p style=\"text-align: left;\">图源：小红书</p><p style=\"text-align: left;\">资本层面，智谱推动A股上市的脚步已经加速。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。</p><p style=\"text-align: left;\">5个月前以“全球大模型第一股”的身份登陆港股时，智谱的发行价不过118港元。如今股价突破2380港元，涨幅超过1900%。</p><p style=\"text-align: left;\">半年时间里，实现了“万亿市值”成就的智谱，到底做了什么？</p><h2 style=\"text-align: left;\"><strong>选择和幸运打造了万亿市值？</strong></h2><p style=\"text-align: left;\">智谱半年内的市值蹿升，本质上并不是因为综合实力有多强，而是选择和运气的结果。</p><p style=\"text-align: left;\"><strong>在Coding赛道全面成熟、商业化叙事跑通的背景下，智谱靠方向的选择，成功抢占了Coding市场的一席之地。</strong></p><p style=\"text-align: left;\">“从2025初开始，我们几乎投入全部力量攻关Coding。”智谱在GLM-5.2的发布报告中表示。聚焦到模型上，从GLM-4.5开始，代码能力成为GLM系列优化的重点项。</p><p style=\"text-align: left;\">模型Coding能力提升的同时，智谱对市场的抢占很重要——作为国内第一个推出Coding套餐的AI公司，它靠性价比换得了一部分用户认可。</p><p style=\"text-align: left;\">去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。对标两档Claude订阅档次提升3倍用量的同时，价格却只是后者的1/3左右。和一个月后跟进的Kimi Coding相比，后者限定的是单周1024次的API调用次数，套餐价格接近，但远没有智谱的量大。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28cdaffff398428e92ef3f75de077483\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1083\"/><span></span></p><p style=\"text-align: left;\"><strong>光靠便宜，永远不会成为竞争成功的关键。但智谱的“<a href=\"https://laohu8.com/S/600081\">东风</a>”来了，AI Coding赛道成了。</strong></p><p style=\"text-align: left;\">去年年底开始，AI Coding能力真正迈过了可用的门槛，让程序员可以靠AI不用手打一行代码开始，企业对AI能力需求倍增，支撑起API生意的成立。智谱的套餐虽然涨价，但供应有限的情况下，依然抢得火热。</p><p style=\"text-align: left;\">率先证明B端商业回报的是Anthropic。随后，一直做To B的智谱，甩掉了深度部署的阴影，也成功转型为靠MaaS API收入的健康B端业务模式。智谱靠着“中国版Anthropic”的定位，稀缺的价值得到印证。看好AI的钱，自然更多流向了智谱。</p><p style=\"text-align: left;\"><strong>到今天，GLM-5.2追赶海外顶尖闭源模型故事的讲通，证明了市场对智谱能力的认可。</strong></p><p style=\"text-align: left;\">在GLM-5.2发布前的6月12日，美国商务部以国家安全为由，要求Anthropic立即切断所有外国国民对Claude Fable 5和Mythos 5的访问权限。一天后，智谱宣布GLM-5.2发布，并将面向GLM Coding Plan全量用户开放。</p><p style=\"text-align: left;\"><strong>那么，GLM 5.2到底水平如何？它是一个抓住关键的“偏科”模型，它的定位在接近Claude 4.7-Claude 4.8的范围。</strong></p><p style=\"text-align: left;\">如果真的拿所有测评项来对比Opus 4.8甚至是一众国内顶尖模型，GLM不是一个全能的SOTA模型。以HLE（human last exam，测试AI解决复杂任务的能力）一项为例，它的表现赶不上Opus 4.8和Qwen 3.7-Max。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac720e08073b4425932f3fc13fa71c4f\" data-align=\"center\" tg-width=\"1080\" tg-height=\"411\"/><span></span></p><p style=\"text-align: left;\">但在当前Agent还没有完全走到好用的情况下，Coding仍然是AI打通商业化的最主要路径。GLM 5.2靠编程一项能力的突出，拿下了市场的认可。智谱官方晒出，在Code Arena上，GLM-5.2是全球可用模型第一。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c0e7a516b7764f1391bbd2a0cc20ea50\" data-align=\"center\" tg-width=\"1080\" tg-height=\"1080\"/><span></span></p><p style=\"text-align: left;\">智谱创始人兼首席科学家唐杰回复马斯克的那句“Focus is all we need”，用在智谱身上，聚焦代码，换来了智谱的今天。</p><p style=\"text-align: left;\">从某种意义上说，GLM更准确的定位是一个“偏科生”，它极度突出了代码能力。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。</p><h2 style=\"text-align: left;\"><strong>当“市梦率”成为市值</strong></h2><p style=\"text-align: left;\">认可智谱成功的同时，我们依然会被其夸张的估值倍数所震撼。</p><p style=\"text-align: left;\">一个人人都知道贵得离谱的东西，为什么还有人在买？而且越买越贵。</p><p style=\"text-align: left;\">不妨把智谱与它对标的Anthropic放在一起对比：</p><p style=\"text-align: left;\">据一季度财报，智谱在2025年全年实现了总收入7.24亿元人民币，同比增长高达131.9%，证明了B端业务的收入增长潜力。</p><p style=\"text-align: left;\">但和Anthropic的收入和增势对比，后者的表现显然更亮眼。据The Information报道，Anthropic在2025年凭借着Claude系列的爆发，全年收入达到45亿美元，同比增长更是达到12倍。</p><p style=\"text-align: left;\"><strong>如果按照市销率（PS）来计算两家公司的估值，智谱已经膨胀到了一个难以被理解的范围内：</strong></p><p style=\"text-align: left;\">最近一轮硅谷巨头的疯狂抢筹中，Anthropic的估值被推高到了约9650亿美元，以年化收入400亿美元的数据来估算，Anthropic目前的PS值为22倍左右。万亿市值的智谱，以智谱MaaS API 年化收入2.5亿美元（折合人民币约为16.9亿元）计算，PS值为591倍。</p><p style=\"text-align: left;\">算完这笔账，AI的“市梦率”名不虚传。</p><p style=\"text-align: left;\">一个人人都能看出问题的数值，但偏偏就有人愿意踩在这个风口上。</p><p style=\"text-align: left;\"><strong>一方面，有价值的AI公司标的太稀缺，造成了市场的疯抢。</strong>在港股目前只有MiniMax和智谱两家AI大模型创企的入驻下，相信<a href=\"https://laohu8.com/S/AGBK\">AGI</a>叙事的用户，想要找一家掌握底层大模型核心技术、且有实际商业化落地的公司，屈指可数。在“没得选”的困境下，只要有一线可能成长为中国版Anthropic的火种，资金都会不计成本地涌入。</p><p style=\"text-align: left;\"><strong>另一方面，Anthropic已经用收入翻倍增长的叙事，给自己的高估值“消泡”，而同样的可能也会发生在智谱身上。</strong></p><p style=\"text-align: left;\">把时间拉回2025年年底，以2024年初年化收入8700万美元、同年2月估值185亿美元计算，Anthropic的PS值高达212倍，再和现在20倍左右的情况对比，Anthropic已经证明了自己的估值合理性。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d634c283e75048c59d3bb764ab11c7a6\" data-align=\"center\" tg-width=\"836\" tg-height=\"481\"/><span></span></p><p style=\"text-align: left;\"><strong>随着GLM-5.2在长文本和Coding领域的持续破圈，智谱的API调用量和订阅收入完全有可能迎来自己的拐点。</strong></p><p style=\"text-align: left;\">以一季度MaaS平台年化收入翻倍20倍、API价格上涨80%以上的情况下，调用量同比增长400%的情况推测，智谱已经在一季度证明一件事：当模型能力足够让用户满意的情况下，模型公司拥有对AI溢价的空间。</p><p style=\"text-align: left;\">只要增长的引擎不熄火，看似荒诞的泡沫，都可能是明天那座伟大商业<a href=\"https://laohu8.com/S/00776\">帝国</a>的坚实基石。</p><p style=\"text-align: left;\">但这同样意味着，市值的“幸运儿”必须基于增长一直快下去的假设。一旦某个时期增速下滑，之前的叙事就会立刻“翻脸”。因为在万亿级别的估值高度上，市场根本不会给任何的容错率。</p><p style=\"text-align: left;\"><strong>所以所有人都在赌，赌智谱的增长能持续。清醒的人并非看不到荒诞，只是别无选择。</strong></p><p style=\"text-align: left;\">而这，恰恰是这个时代最昂贵的入场券。</p><h2 style=\"text-align: left;\"><strong>科技轮流更替投资者永远满怀期待</strong></h2><p style=\"text-align: left;\">在每次科技革新的时代前夜，人类总是会给“想象”估算一个难以承受的价格。</p><p style=\"text-align: left;\">与巴菲特齐名的邓普顿爵士，一再警告“这次不一样”是投资史上最昂贵的几个字。<strong>但警告归警告，每一轮新技术的聚光灯亮起，投资者们依然会打开钱包——永远满怀期待，永远在退潮时热泪盈眶。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3b4f51dbb644d83995afd60dbfda55c\" data-align=\"center\" tg-width=\"360\" tg-height=\"345\"/><span></span></p><p style=\"text-align: left;\">世纪之交的互联网泡沫，就是上一轮科技浪潮最经典的教材。当时，市场对科技公司的期待高到离谱。无数公司还没盈利、甚至还没产品，就被赋予了改变世界的估值。纳斯达克指数五年涨了五倍，这些公司市销率动辄上百倍。</p><p style=\"text-align: left;\">可当泡沫真正破裂，指数两年内跌去近八成，无数公司灰飞烟灭之后，真正改变人类生活方式的互联网基础设施才彻底确立。正如熊彼特所说，创造性破坏从来都是残酷的。科技要真正重塑一个时代，必然要经历泡沫的破裂与资源的重新分配。</p><p style=\"text-align: left;\">只是，今天中国资本市场对硬科技的追捧，与当时几乎一模一样。</p><p style=\"text-align: left;\">在国产AI芯片自立的叙事里，<a href=\"https://laohu8.com/S/688256\">寒武纪</a>市值一度站上六千亿，一度比肩<a href=\"https://laohu8.com/S/600519\">贵州茅台</a>。投资者们可以忍受长达五年的成长周期，仅靠热情就把公司估值推到云端。而这家被市场称为“中国<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>”的公司，当时肩负着跟智谱相似的“使命”——在各自赛道里扛起“中国版”的旗帜，承载着政策、资本和民族情绪的多重期待。</p><p style=\"text-align: left;\">中国科技投资者的心态，远比表面复杂。</p><p style=\"text-align: left;\">一方面，我们太想证明自己了。我们相信技术能带来奇迹，所以愿意相信“这次可能真的不一样”。可另一方面，投资者们又太清楚泡沫必然破裂。智谱在国内友商里，无论是具体业务还是技术能力，确实具备相对稀缺性。但客观上，所有人也都知道，智谱又不能完全跟OpenAI和Anthropic这些国际顶流选手正面PK。而且，当这两家公司真正上市的时候，全球AI资本的流动性大概率会被大幅抽干。</p><p style=\"text-align: left;\">可就算知道这些，又怎么样呢？</p><p style=\"text-align: left;\"><strong>所有人都做好了这是一场击鼓传花的心理准备，但每个人都不得不相信，自己不是最后一棒。</strong></p><p style=\"text-align: left;\">凯恩斯在九十年前就把这种困境写透了。他说，股市就像一场选美比赛，你要选的不是自己心中最美的那张脸，而是你猜其他人会觉得最美的那张脸。索罗斯的说法则更加不留情面：世界经济史是一部基于假象和谎言的连续剧，获得财富的要诀，是在假象被公众认识之前退出游戏。</p><p style=\"text-align: left;\">清醒的人并非看不到荒诞。他们只是在荒诞中，不得不下注。</p><p style=\"text-align: left;\">但是从更长的时间尺度看，AI正在把全人类带向下一个科技时代，而中国的科技水平也已经在崛起。旧的定价体系必然会被打破，新的价值会在阵痛中诞生。</p><p style=\"text-align: left;\">或许，智谱的万亿市值，只是中国AI浪潮里的一个切面。它疯狂，但疯狂里藏着对技术主权的渴望；它脆弱，但脆弱也可能是资源窗口的另一面。</p><p style=\"text-align: left;\">但无论如何，中国的科技成长故事才刚刚开始。真正决定智谱、也决定中国AI下一章的，不是今天的股价，而是两年后、五年后，我们是否把这份信仰和资本，真正转化成护城河。</p></body></html>","source":"lsy1628751197130","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>谁把智谱推上了万亿神坛？</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谁把智谱推上了万亿神坛？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-24 11:45 北京时间 <a href=https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA><strong>光锥智能</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>我们正在见证一个AI造富的时代。6月22日，刚上市不到半年的智谱开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个京东或是三个百度的市值。这简直是中国AI史上的“...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA\">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/721cf10d6daa54230a462140358e3eb5","relate_stocks":{"02513":"智谱"},"source_url":"https://mp.weixin.qq.com/s/0rWjCKVMMeOpkbTfxJz6BA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645865395","content_text":"我们正在见证一个AI造富的时代。6月22日，刚上市不到半年的智谱开盘暴涨13%，总市值站上1万亿港元。虽然“市值体验卡”仅仅一天就到期了，但要知道，智谱这家企业去年初估值才200亿，相当于一年走完传统企业二十年的路。时间线拉回到10天前，作为“全球大模型第一股”登陆港股的智谱，市值还在5000亿左右。但仅仅七个交易日之后，它的市值翻了一番，相当于两个京东或是三个百度的市值。这简直是中国AI史上的“大奇迹周”。但这场狂欢里最离谱的不是市值数字，而是人。根据招股书披露的员工持股信息，以员工持股平台之一慧惠持有9.8%股份、426人持股的数据计算，达到了人均近2亿元人民币的水平。这些“亿万富豪们”，可能大多数是90后、95后。疯狂的七天里，智谱接连打出了两张提振市值的底牌：模型层面，GLM-5.2正式发布，作为编程跑分超过Claude Opus 4.8的“最强可用模型”，这几天已经被捧为“第二个DeepSeek时刻”，社交媒体到处都能刷到诸如“核爆”、“大招”的评价。图源：小红书资本层面，智谱推动A股上市的脚步已经加速。6月17日，智谱科创板IPO辅导状态已正式变更为“辅导验收”。这意味着，智谱距离正式递交A股招股申报材料仅剩一步之遥。5个月前以“全球大模型第一股”的身份登陆港股时，智谱的发行价不过118港元。如今股价突破2380港元，涨幅超过1900%。半年时间里，实现了“万亿市值”成就的智谱，到底做了什么？选择和幸运打造了万亿市值？智谱半年内的市值蹿升，本质上并不是因为综合实力有多强，而是选择和运气的结果。在Coding赛道全面成熟、商业化叙事跑通的背景下，智谱靠方向的选择，成功抢占了Coding市场的一席之地。“从2025初开始，我们几乎投入全部力量攻关Coding。”智谱在GLM-5.2的发布报告中表示。聚焦到模型上，从GLM-4.5开始，代码能力成为GLM系列优化的重点项。模型Coding能力提升的同时，智谱对市场的抢占很重要——作为国内第一个推出Coding套餐的AI公司，它靠性价比换得了一部分用户认可。去年9月，智谱推出了自家的Coding套餐“GLM Coding Plan”。对标两档Claude订阅档次提升3倍用量的同时，价格却只是后者的1/3左右。和一个月后跟进的Kimi Coding相比，后者限定的是单周1024次的API调用次数，套餐价格接近，但远没有智谱的量大。光靠便宜，永远不会成为竞争成功的关键。但智谱的“东风”来了，AI Coding赛道成了。去年年底开始，AI Coding能力真正迈过了可用的门槛，让程序员可以靠AI不用手打一行代码开始，企业对AI能力需求倍增，支撑起API生意的成立。智谱的套餐虽然涨价，但供应有限的情况下，依然抢得火热。率先证明B端商业回报的是Anthropic。随后，一直做To B的智谱，甩掉了深度部署的阴影，也成功转型为靠MaaS API收入的健康B端业务模式。智谱靠着“中国版Anthropic”的定位，稀缺的价值得到印证。看好AI的钱，自然更多流向了智谱。到今天，GLM-5.2追赶海外顶尖闭源模型故事的讲通，证明了市场对智谱能力的认可。在GLM-5.2发布前的6月12日，美国商务部以国家安全为由，要求Anthropic立即切断所有外国国民对Claude Fable 5和Mythos 5的访问权限。一天后，智谱宣布GLM-5.2发布，并将面向GLM Coding Plan全量用户开放。那么，GLM 5.2到底水平如何？它是一个抓住关键的“偏科”模型，它的定位在接近Claude 4.7-Claude 4.8的范围。如果真的拿所有测评项来对比Opus 4.8甚至是一众国内顶尖模型，GLM不是一个全能的SOTA模型。以HLE（human last exam，测试AI解决复杂任务的能力）一项为例，它的表现赶不上Opus 4.8和Qwen 3.7-Max。但在当前Agent还没有完全走到好用的情况下，Coding仍然是AI打通商业化的最主要路径。GLM 5.2靠编程一项能力的突出，拿下了市场的认可。智谱官方晒出，在Code Arena上，GLM-5.2是全球可用模型第一。智谱创始人兼首席科学家唐杰回复马斯克的那句“Focus is all we need”，用在智谱身上，聚焦代码，换来了智谱的今天。从某种意义上说，GLM更准确的定位是一个“偏科生”，它极度突出了代码能力。但在代码能力几乎等同于生产力的当下，智谱靠选择和努力的加成，成为了冲上万亿的AI大模型公司。当“市梦率”成为市值认可智谱成功的同时，我们依然会被其夸张的估值倍数所震撼。一个人人都知道贵得离谱的东西，为什么还有人在买？而且越买越贵。不妨把智谱与它对标的Anthropic放在一起对比：据一季度财报，智谱在2025年全年实现了总收入7.24亿元人民币，同比增长高达131.9%，证明了B端业务的收入增长潜力。但和Anthropic的收入和增势对比，后者的表现显然更亮眼。据The Information报道，Anthropic在2025年凭借着Claude系列的爆发，全年收入达到45亿美元，同比增长更是达到12倍。如果按照市销率（PS）来计算两家公司的估值，智谱已经膨胀到了一个难以被理解的范围内：最近一轮硅谷巨头的疯狂抢筹中，Anthropic的估值被推高到了约9650亿美元，以年化收入400亿美元的数据来估算，Anthropic目前的PS值为22倍左右。万亿市值的智谱，以智谱MaaS API 年化收入2.5亿美元（折合人民币约为16.9亿元）计算，PS值为591倍。算完这笔账，AI的“市梦率”名不虚传。一个人人都能看出问题的数值，但偏偏就有人愿意踩在这个风口上。一方面，有价值的AI公司标的太稀缺，造成了市场的疯抢。在港股目前只有MiniMax和智谱两家AI大模型创企的入驻下，相信AGI叙事的用户，想要找一家掌握底层大模型核心技术、且有实际商业化落地的公司，屈指可数。在“没得选”的困境下，只要有一线可能成长为中国版Anthropic的火种，资金都会不计成本地涌入。另一方面，Anthropic已经用收入翻倍增长的叙事，给自己的高估值“消泡”，而同样的可能也会发生在智谱身上。把时间拉回2025年年底，以2024年初年化收入8700万美元、同年2月估值185亿美元计算，Anthropic的PS值高达212倍，再和现在20倍左右的情况对比，Anthropic已经证明了自己的估值合理性。随着GLM-5.2在长文本和Coding领域的持续破圈，智谱的API调用量和订阅收入完全有可能迎来自己的拐点。以一季度MaaS平台年化收入翻倍20倍、API价格上涨80%以上的情况下，调用量同比增长400%的情况推测，智谱已经在一季度证明一件事：当模型能力足够让用户满意的情况下，模型公司拥有对AI溢价的空间。只要增长的引擎不熄火，看似荒诞的泡沫，都可能是明天那座伟大商业帝国的坚实基石。但这同样意味着，市值的“幸运儿”必须基于增长一直快下去的假设。一旦某个时期增速下滑，之前的叙事就会立刻“翻脸”。因为在万亿级别的估值高度上，市场根本不会给任何的容错率。所以所有人都在赌，赌智谱的增长能持续。清醒的人并非看不到荒诞，只是别无选择。而这，恰恰是这个时代最昂贵的入场券。科技轮流更替投资者永远满怀期待在每次科技革新的时代前夜，人类总是会给“想象”估算一个难以承受的价格。与巴菲特齐名的邓普顿爵士，一再警告“这次不一样”是投资史上最昂贵的几个字。但警告归警告，每一轮新技术的聚光灯亮起，投资者们依然会打开钱包——永远满怀期待，永远在退潮时热泪盈眶。世纪之交的互联网泡沫，就是上一轮科技浪潮最经典的教材。当时，市场对科技公司的期待高到离谱。无数公司还没盈利、甚至还没产品，就被赋予了改变世界的估值。纳斯达克指数五年涨了五倍，这些公司市销率动辄上百倍。可当泡沫真正破裂，指数两年内跌去近八成，无数公司灰飞烟灭之后，真正改变人类生活方式的互联网基础设施才彻底确立。正如熊彼特所说，创造性破坏从来都是残酷的。科技要真正重塑一个时代，必然要经历泡沫的破裂与资源的重新分配。只是，今天中国资本市场对硬科技的追捧，与当时几乎一模一样。在国产AI芯片自立的叙事里，寒武纪市值一度站上六千亿，一度比肩贵州茅台。投资者们可以忍受长达五年的成长周期，仅靠热情就把公司估值推到云端。而这家被市场称为“中国英伟达”的公司，当时肩负着跟智谱相似的“使命”——在各自赛道里扛起“中国版”的旗帜，承载着政策、资本和民族情绪的多重期待。中国科技投资者的心态，远比表面复杂。一方面，我们太想证明自己了。我们相信技术能带来奇迹，所以愿意相信“这次可能真的不一样”。可另一方面，投资者们又太清楚泡沫必然破裂。智谱在国内友商里，无论是具体业务还是技术能力，确实具备相对稀缺性。但客观上，所有人也都知道，智谱又不能完全跟OpenAI和Anthropic这些国际顶流选手正面PK。而且，当这两家公司真正上市的时候，全球AI资本的流动性大概率会被大幅抽干。可就算知道这些，又怎么样呢？所有人都做好了这是一场击鼓传花的心理准备，但每个人都不得不相信，自己不是最后一棒。凯恩斯在九十年前就把这种困境写透了。他说，股市就像一场选美比赛，你要选的不是自己心中最美的那张脸，而是你猜其他人会觉得最美的那张脸。索罗斯的说法则更加不留情面：世界经济史是一部基于假象和谎言的连续剧，获得财富的要诀，是在假象被公众认识之前退出游戏。清醒的人并非看不到荒诞。他们只是在荒诞中，不得不下注。但是从更长的时间尺度看，AI正在把全人类带向下一个科技时代，而中国的科技水平也已经在崛起。旧的定价体系必然会被打破，新的价值会在阵痛中诞生。或许，智谱的万亿市值，只是中国AI浪潮里的一个切面。它疯狂，但疯狂里藏着对技术主权的渴望；它脆弱，但脆弱也可能是资源窗口的另一面。但无论如何，中国的科技成长故事才刚刚开始。真正决定智谱、也决定中国AI下一章的，不是今天的股价，而是两年后、五年后，我们是否把这份信仰和资本，真正转化成护城河。","news_type":1,"symbols_score_info":{"02513":2}},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":574309769237080,"gmtCreate":1781226223234,"gmtModify":1781228903578,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"肯定有花贼 AI TO汽车","listText":"肯定有花贼 AI TO汽车","text":"肯定有花贼 AI TO汽车","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/574309769237080","repostId":"1188316607","repostType":2,"repost":{"id":"1188316607","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":1781176634,"share":"https://www.laohu8.com/m/news/1188316607?lang=zh_CN&edition=full","pubTime":"2026-06-11 19:17","market":"sh","language":"zh","title":"两部门约谈提醒涉嫌非理性竞争汽车生产企业","url":"https://stock-news.laohu8.com/highlight/detail?id=1188316607","media":"老虎资讯综合","summary":"6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。","content":"<html><head></head><body><p>6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17dfc1d5640ad38f17da2dada0f19262\" tg-width=\"1059\" tg-height=\"684\"/></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\" 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}\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两部门约谈提醒涉嫌非理性竞争汽车生产企业\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\">2026-06-11 19:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17dfc1d5640ad38f17da2dada0f19262\" tg-width=\"1059\" tg-height=\"684\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a530a2a17bc301499c9e286759c5657e","relate_stocks":{"02015":"理想汽车-W","XIACY":"小米集团ADR","NIO":"蔚来","09868":"小鹏集团-W","XPEV":"小鹏集团","01810":"小米集团-W","09866":"蔚来-SW","XPEG":"2倍做多XPEV ETF-Leverage Shares","NIOG":"2倍做多NIO ETF-Leverage Shares","LI":"理想汽车"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188316607","content_text":"6月11日，工业和信息化部、市场监管总局对涉嫌存在非理性竞争行为的汽车生产企业进行约谈提醒，要求企业严格遵守《中华人民共和国价格法》《关于制止低价倾销行为的规定》等法律法规规章，按照《汽车行业价格行为合规指南》要求，加强价格合规建设，强化产品质量管控，切实保护消费者合法权益，共同维护优质优价、良性竞争的市场秩序。","news_type":1,"symbols_score_info":{"02015":2,"XIACY":2,"01810":2,"XPEG":0.6,"LI":2,"NIO":2,"09868":2,"NIOG":0.6,"09866":2,"XPEV":2}},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566635807797376,"gmtCreate":1779373230817,"gmtModify":1779373233450,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"问界这种贴赛车，二手能卖出去吗","listText":"问界这种贴赛车，二手能卖出去吗","text":"问界这种贴赛车，二手能卖出去吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566635807797376","repostId":"2637805704","repostType":2,"repost":{"id":"2637805704","kind":"news","pubTimestamp":1779331293,"share":"https://www.laohu8.com/m/news/2637805704?lang=zh_CN&edition=full","pubTime":"2026-05-21 10:41","market":"us","language":"zh","title":"杰兰路发布4月新能源保值率：问界实力登顶 小米第二","url":"https://stock-news.laohu8.com/highlight/detail?id=2637805704","media":"快科技","summary":"快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。对比2-4月数据，头部品牌保值率走势分化。","content":"<html><body><p>快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。</p><p>数据显示，问界以82.7%的保值率登顶4月榜单，<a href=\"https://laohu8.com/S/XIACY\">小米</a>、<a href=\"https://laohu8.com/S/LI\">理想</a>紧随其后，头部品牌保值率差距较小。</p><p>从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。</p><p>第一梯队中，问界82.7%位居首位，<a href=\"https://laohu8.com/S/01810\">小米</a>以81.4%排第二，理想81.2%位列第三，<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>、乐道分别为80.9%、80.7%，均维持在80%以上。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>第二梯队为方程豹、宝马、奔驰等，保值率集中在72%-78%；小鹏、<a href=\"https://laohu8.com/S/ZK\">极氪</a>、智己等品牌保值率在70%-73%区间；<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、岚图等则低于65%。</p><p>对比2-4月数据，头部品牌保值率走势分化。</p><p>问界连续三个月上涨，从74.7%升至82.7%；<a href=\"https://laohu8.com/S/81810\">小米</a>2月为75.8%，3月微降至75.7%，4月大幅回升至81.4%。</p><p>特斯拉则连续两月下滑，从83.9%降至80.9%。</p><p>新车型入市成为重要影响因素，问界M8、小米YU7、理想i6等新车型陆续进入二手车市场，推动品牌保值率上行。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>此外，报告同步发布二手车“<a href=\"https://laohu8.com/S/300785\">值得买</a>”指数，数值越高代表二手车价格优势越显著。</p><p>4月岚图与奥迪该指数均达148%，并列最高；享界、阿维塔、智己也处于高位。</p><p>而理想、问界、小米等因保值率高、新车价格稳定，指数偏低，二手车价格优势较弱。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p></body></html>","source":"ifeng_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>杰兰路发布4月新能源保值率：问界实力登顶 小米第二</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杰兰路发布4月新能源保值率：问界实力登顶 小米第二\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-21 10:41 北京时间 <a href=https://tech.ifeng.com/c/8tIrtr8aHDn><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。第一梯队中，问界82.7%位居首位，小米以81.4%排第二，理想81.2%位列第三，...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tIrtr8aHDn\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","02015":"理想汽车-W","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","BK1502":"双十一","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","HXXD.SI":"Xiaomi HK SDR 2to1","BK1589":"北水核心资产","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1618":"Manus概念股","BK1193":"电脑硬件、储存设备及电脑周边","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","BK1615":"港股-互联网","BK4581":"高盛持仓","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","01810":"小米集团-W","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA 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INC"},"source_url":"https://tech.ifeng.com/c/8tIrtr8aHDn","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2637805704","content_text":"快科技5月21日消息，今日，杰兰路正式发布《2026年4月新能源二手车价格与保值率观察》报告，聚焦售价15万元以上主流品牌，明确保值率为二手车成交价与新车成交价的比值。数据显示，问界以82.7%的保值率登顶4月榜单，小米、理想紧随其后，头部品牌保值率差距较小。从核心数据来看，4月新能源品牌保值率呈现明显梯队分化。第一梯队中，问界82.7%位居首位，小米以81.4%排第二，理想81.2%位列第三，特斯拉、乐道分别为80.9%、80.7%，均维持在80%以上。第二梯队为方程豹、宝马、奔驰等，保值率集中在72%-78%；小鹏、极氪、智己等品牌保值率在70%-73%区间；蔚来、岚图等则低于65%。对比2-4月数据，头部品牌保值率走势分化。问界连续三个月上涨，从74.7%升至82.7%；小米2月为75.8%，3月微降至75.7%，4月大幅回升至81.4%。特斯拉则连续两月下滑，从83.9%降至80.9%。新车型入市成为重要影响因素，问界M8、小米YU7、理想i6等新车型陆续进入二手车市场，推动品牌保值率上行。此外，报告同步发布二手车“值得买”指数，数值越高代表二手车价格优势越显著。4月岚图与奥迪该指数均达148%，并列最高；享界、阿维塔、智己也处于高位。而理想、问界、小米等因保值率高、新车价格稳定，指数偏低，二手车价格优势较弱。","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.9,"TSLA":1.84,"HXXD.SI":0.6,"01810":1.9,"02015":1.85,"MIUmain":0.6,"LI":1.85}},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563622120166072,"gmtCreate":1778637366396,"gmtModify":1778637368918,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"脑残都说自己是分析师","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143077530680670","authorIdStr":"4143077530680670"},"themes":[],"title":"","htmlText":"很多华伪请的狗媒体","listText":"很多华伪请的狗媒体","text":"很多华伪请的狗媒体","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563622120166072","repostId":"2635922410","repostType":2,"repost":{"id":"2635922410","kind":"news","pubTimestamp":1778630400,"share":"https://www.laohu8.com/m/news/2635922410?lang=zh_CN&edition=full","pubTime":"2026-05-13 08:00","market":"sh","language":"zh","title":"奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！","url":"https://stock-news.laohu8.com/highlight/detail?id=2635922410","media":"市场资讯","summary":" 5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。 要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”。","content":"<html><body><div>\n<p cms-style=\"font-L\"> 来源：<a href=\"https://laohu8.com/S/00700\">腾讯</a>自选股综合</p>\n<p cms-style=\"font-L\"> 5月12日，<font cms-style=\"font-L strong-Bold\">一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆</font>——奥迪<a href=\"https://laohu8.com/S/00021\">大中华</a>区高管公开质疑<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“<a href=\"https://laohu8.com/S/01810\">小米</a>芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">争论焦点：什么是“车规级芯片”？</font></p>\n<p cms-style=\"font-L\"> 要搞懂这场争论，先得明确<font cms-style=\"font-L strong-Bold\">“消费级芯片”和“车规级芯片”的核心差异</font>——<font cms-style=\"font-L strong-Bold\">绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”</font>。</p>\n<p cms-style=\"font-L\"> | 维度 | 消费级芯片 | 车规级芯片 |</p>\n<p cms-style=\"font-L\"> |------|-------------|-------------|</p>\n<p cms-style=\"font-L\"> | 工作温度 | 0°C ~ 70°C | -40°C ~ 150°C |</p>\n<p cms-style=\"font-L\"> | 使用寿命 | 3~5年 | 15~20年 |</p>\n<p cms-style=\"font-L\"> | 故障率 | 允许较高 | 0缺陷（PPM级） |</p>\n<p cms-style=\"font-L\"> | 认证标准 | 无强制 | AEC-Q系列、ISO 26262 |</p>\n<p cms-style=\"font-L\"> | 供应链 | 消费电子供应链 | 车规级供应链 |<font cms-style=\"font-L strong-Bold\">核心差异</font>：汽车芯片要在极端温度、强烈振动、电磁干扰等恶劣环境下稳定工作15年以上，而消费级芯片只需要保证在办公室或家里稳定用3~5年。</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">奥迪高管的质疑</font></p>\n<p cms-style=\"font-L\"> 奥迪方的具体质疑点：</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">“<a href=\"https://laohu8.com/S/81810\">小米</a>用鸡蛋充数”</font>：指责小米汽车使用消费级芯片却宣称“车规级”</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">“卖高价不合理”</font>：消费级芯片成本更低，但小米汽车售价不低</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">“安全必须第一位”</font>：汽车不是快消品，用户安全必须放在最高优先级</p>\n<div><img src=\"http://n.sinaimg.cn/spider20260513/590/w355h235/20260513/8f75-2f77c04d8ddef03bcfb7b581dde28812.png\"/><span></span></div>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">雷军的回应</font></p>\n<p cms-style=\"font-L\"> 雷军回应称：<font cms-style=\"font-L strong-Bold\">“小米芯片通过AEC-Q104测试”</font>。</p>\n<p cms-style=\"font-L\"> AEC-Q104是什么？</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">AEC-Q系列</font>：汽车电子委员会（Automotive Electronics Council）制定的车规级元器件测试标准</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">AEC-Q104</font>：专门针对<font cms-style=\"font-L strong-Bold\">多芯片模块（MCM）</font>的测试标准<font cms-style=\"font-L strong-Bold\">但奥迪方的反呛是</font>：“AEC-Q104只测‘包装’，不测芯片本身。” 也就是说，这个标准测试的是“多个芯片组成的模块是否可靠”，而不是“每个芯片是否达到车规级”。</p>\n<div><img src=\"http://n.sinaimg.cn/spider20260513/546/w348h198/20260513/e284-6ef8b49018292419f97027bc3bf2d9ad.png\"/><span></span></div>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">谁对谁错？</font></p>\n<p cms-style=\"font-L\"> 这个问题没有简单的答案，因为<font cms-style=\"font-L strong-Bold\">“车规级”本身就是一个灰度很大的概念</font>：</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">支持奥迪方观点：</font></p>\n<p cms-style=\"font-L\"> 真正的车规级芯片，从设计阶段就要按ISO 26262（功能安全）标准来</p>\n<p cms-style=\"font-L\"> 消费级芯片即使通过了AEC-Q测试，也不等于在设计阶段就考虑了功能安全</p>\n<p cms-style=\"font-L\"> 汽车芯片需要“从芯到系统”的全链路车规认证</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">支持小米方观点：</font></p>\n<p cms-style=\"font-L\"> AEC-Q104是正式的车规标准，通过就是车规级</p>\n<p cms-style=\"font-L\"> 消费级芯片在汽车场景的应用，是行业趋势</p>\n<p cms-style=\"font-L\"> “车规级”不应该成为高价理由，消费者有权选择</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">更深层的博弈：传统车企 vs 新势力</font></p>\n<p cms-style=\"font-L\"> 这场争论的背后，是两种汽车理念的碰撞：</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">传统车企（以奥迪为代表）</font>：强调安全冗余、长期可靠性，不轻易妥协</p>\n<p cms-style=\"font-L\"> <font cms-style=\"font-L strong-Bold\">新势力（以小米为代表）</font>：强调迭代速度、用户体验，敢于用新方案<font cms-style=\"font-L strong-Bold\">两种理念都有道理，最终谁来证明自己？时间。</font></p>\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：石秀珍 SF183</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>奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！</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奥迪高管\"贴脸开大\"：小米汽车用消费级芯片？雷军急回应！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-13 08:00 北京时间 <a href=https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.shtml><strong>市场资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>来源：腾讯自选股综合\n 5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。\n 争论焦点：什么是“车规级芯片”？\n 要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.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":{"81810":"小米集团-WR","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","BK4535":"淡马锡持仓","LU0051755006.USD":"摩根大通中国A (dist)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) 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ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC"},"source_url":"https://finance.sina.com.cn/stock/auto/2026-05-13/doc-inhxteis9378289.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2635922410","content_text":"来源：腾讯自选股综合\n 5月12日，一场关于“消费级芯片”和“车规级芯片”的争论在汽车圈引爆——奥迪大中华区高管公开质疑小米汽车芯片“非真车规级”，直言其使用消费级芯片却卖高价“不合理”。雷军随即回应“小米芯片通过AEC-Q104测试”，却被反呛“该标准只测‘包装’，不测芯片本身”。\n 争论焦点：什么是“车规级芯片”？\n 要搞懂这场争论，先得明确“消费级芯片”和“车规级芯片”的核心差异——绝非简单的“合格与否”，而是“能否适应汽车的极端使用场景”。\n | 维度 | 消费级芯片 | 车规级芯片 |\n |------|-------------|-------------|\n | 工作温度 | 0°C ~ 70°C | -40°C ~ 150°C |\n | 使用寿命 | 3~5年 | 15~20年 |\n | 故障率 | 允许较高 | 0缺陷（PPM级） |\n | 认证标准 | 无强制 | AEC-Q系列、ISO 26262 |\n | 供应链 | 消费电子供应链 | 车规级供应链 |核心差异：汽车芯片要在极端温度、强烈振动、电磁干扰等恶劣环境下稳定工作15年以上，而消费级芯片只需要保证在办公室或家里稳定用3~5年。\n 奥迪高管的质疑\n 奥迪方的具体质疑点：\n “小米用鸡蛋充数”：指责小米汽车使用消费级芯片却宣称“车规级”\n “卖高价不合理”：消费级芯片成本更低，但小米汽车售价不低\n “安全必须第一位”：汽车不是快消品，用户安全必须放在最高优先级\n\n 雷军的回应\n 雷军回应称：“小米芯片通过AEC-Q104测试”。\n AEC-Q104是什么？\n AEC-Q系列：汽车电子委员会（Automotive Electronics Council）制定的车规级元器件测试标准\n AEC-Q104：专门针对多芯片模块（MCM）的测试标准但奥迪方的反呛是：“AEC-Q104只测‘包装’，不测芯片本身。” 也就是说，这个标准测试的是“多个芯片组成的模块是否可靠”，而不是“每个芯片是否达到车规级”。\n\n 谁对谁错？\n 这个问题没有简单的答案，因为“车规级”本身就是一个灰度很大的概念：\n 支持奥迪方观点：\n 真正的车规级芯片，从设计阶段就要按ISO 26262（功能安全）标准来\n 消费级芯片即使通过了AEC-Q测试，也不等于在设计阶段就考虑了功能安全\n 汽车芯片需要“从芯到系统”的全链路车规认证\n 支持小米方观点：\n AEC-Q104是正式的车规标准，通过就是车规级\n 消费级芯片在汽车场景的应用，是行业趋势\n “车规级”不应该成为高价理由，消费者有权选择\n 更深层的博弈：传统车企 vs 新势力\n 这场争论的背后，是两种汽车理念的碰撞：\n 传统车企（以奥迪为代表）：强调安全冗余、长期可靠性，不轻易妥协\n 新势力（以小米为代表）：强调迭代速度、用户体验，敢于用新方案两种理念都有道理，最终谁来证明自己？时间。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：石秀珍 SF183","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"XIACY":1.95,"01810":1.95}},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}