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2022-01-05

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2 Growth Stocks Down 65% to 77% That Could Soar in 2022, According to Wall Street

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For investors, that presents some interesting opportunities -- though it&#39;s worth remembering that any stocks that lose more than half their value carry inherent risks.</p><p>Nonetheless, these two innovative companies might be the future of their respective industries, and top Wall Street analysts think they could more than double in 2022.</p><h2>1. Upstart Holdings: Down 65%</h2><p><b>Upstart Holdings</b> (NASDAQ:UPST) uses artificial intelligence to originate loans for its banking partners. The company believes the decades-old FICO scoring system fails to measure the creditworthiness of modern borrowers accurately. Hence, it designed an algorithm that assesses over 1,000 data points and is proven to reduce default risk by 75% for the same approval rate.</p><p>Upstart earns revenue through fees when it originates a loan for a bank, and also via the sale of its software, which institutions can plug into their own loan applications. It began in small, unsecured lending with personal loans, but it has just expanded into the significantly larger car financing market.</p><p>The company&#39;s new Upstart Auto Retail software doubles as a sales and loan origination platform, and the number of U.S. car dealerships that have adopted it has grown by 219% in the last 12 months to 291. As a result, Upstart has blown past all revenue expectations. Once it reports its fourth-quarter result for 2021, it&#39;s expected to have exceeded $806 million in revenue for the whole year -- far more than the $500 million it originally guided for.</p><p>That $806 million figure would be 245% more revenue than the company generated in 2020. And in 2022, it&#39;s expected to cross the $1.2 billion mark, but that might prove to be a conservative estimate based on the explosive growth of its vehicle lending segment.</p><p>Upstart&#39;s stock hit a high of $401 in October 2021 before collapsing by 65% to $133 amid the tech sell-off. But now, Wall Street investment bank <b>Citigroup </b>thinks the stock could rocket to $350, representing a 130% gain from here.</p><h2>2. Lemonade: Down 77%</h2><p>Like Upstart, <b>Lemonade </b>(NYSE:LMND) is a fintech company leveraging artificial intelligence. Its focus is transforming the insurance industry by using technology to make the customer experience more tolerable. After all, few consumers enjoy dealing with traditional insurance companies, especially when it&#39;s time to make a claim.</p><p>Lemonade&#39;s artificial intelligence bot, Maya, can produce an estimate for a customer within 90 seconds, and when it comes to making a claim, payouts can be processed within three minutes. The company has focused on four primary areas of insurance -- renters, homeowners, pet, and life -- but it recently forayed into the much more lucrative car insurance market, its largest yet.</p><p>When relying on artificial intelligence to enter a new segment, the algorithm needs time to learn. In a deviation from its typical strategy, Lemonade opted to seek help entering the vehicle insurance market by acquiring <b>Metromile</b>, another AI-driven insurance broker with over 3 billion miles worth of data under its belt and licenses in 49 U.S. states, in November 2021. This will allow Lemonade to hit the ground running and save valuable time and money perfecting its algorithm to price risk appropriately.</p><p>Customers are flocking to Lemonade&#39;s products as a whole. At the end of the recent third quarter, the company had 1.36 million customers, a year-over-year increase of 44%. And if it meets analysts&#39; revenue expectations, it will be delivering incredibly robust growth there, too.</p><table><thead><tr><th><p>Metric</p></th><th><p>2020</p></th><th><p>2021 (Estimate)</p></th><th><p>2022 (Estimate)</p></th><th><p>CAGR</p></th></tr></thead><tbody><tr><td><p>Revenue</p></td><td><p>$94 million</p></td><td><p>$127 million</p></td><td><p>$215 million</p></td><td><p>51%</p></td></tr></tbody></table><p>Data source: Lemonade, Yahoo! Finance. CAGR = compound annual growth rate.</p><p>Lemonade&#39;s stock might be down by 77%, but Wall Street firm <b>Piper Sandler</b> thinks it could climb back to $98, which would be a whopping 133% return from today&#39;s price of $42. It&#39;s not without risk, as the company is losing a significant amount of money and is expected to continue doing so.</p><p>But reforming the customer experience in the insurance business feels like low-hanging fruit, so if Lemonade can achieve scale, it&#39;s likely to be extremely successful in the future.</p></body></html>","source":"fool_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>2 Growth Stocks Down 65% to 77% That Could Soar in 2022, According to Wall Street</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\">\n2 Growth Stocks Down 65% to 77% That Could Soar in 2022, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/05/2-growth-stocks-down-65-77-soar-2022-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite the broad S&P 500 stock market index ending 2021 with a strong 28% gain, an end-of-year sell-off sent some technology stocks plunging. For investors, that presents some interesting ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/05/2-growth-stocks-down-65-77-soar-2022-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4166":"消费信贷","BK4107":"财产与意外伤害保险","LMND":"Lemonade, Inc.","UPST":"Upstart Holdings, Inc.","BK4535":"淡马锡持仓","BK4549":"软银资本持仓","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/01/05/2-growth-stocks-down-65-77-soar-2022-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201023130","content_text":"Despite the broad S&P 500 stock market index ending 2021 with a strong 28% gain, an end-of-year sell-off sent some technology stocks plunging. For investors, that presents some interesting opportunities -- though it's worth remembering that any stocks that lose more than half their value carry inherent risks.Nonetheless, these two innovative companies might be the future of their respective industries, and top Wall Street analysts think they could more than double in 2022.1. Upstart Holdings: Down 65%Upstart Holdings (NASDAQ:UPST) uses artificial intelligence to originate loans for its banking partners. The company believes the decades-old FICO scoring system fails to measure the creditworthiness of modern borrowers accurately. Hence, it designed an algorithm that assesses over 1,000 data points and is proven to reduce default risk by 75% for the same approval rate.Upstart earns revenue through fees when it originates a loan for a bank, and also via the sale of its software, which institutions can plug into their own loan applications. It began in small, unsecured lending with personal loans, but it has just expanded into the significantly larger car financing market.The company's new Upstart Auto Retail software doubles as a sales and loan origination platform, and the number of U.S. car dealerships that have adopted it has grown by 219% in the last 12 months to 291. As a result, Upstart has blown past all revenue expectations. Once it reports its fourth-quarter result for 2021, it's expected to have exceeded $806 million in revenue for the whole year -- far more than the $500 million it originally guided for.That $806 million figure would be 245% more revenue than the company generated in 2020. And in 2022, it's expected to cross the $1.2 billion mark, but that might prove to be a conservative estimate based on the explosive growth of its vehicle lending segment.Upstart's stock hit a high of $401 in October 2021 before collapsing by 65% to $133 amid the tech sell-off. But now, Wall Street investment bank Citigroup thinks the stock could rocket to $350, representing a 130% gain from here.2. Lemonade: Down 77%Like Upstart, Lemonade (NYSE:LMND) is a fintech company leveraging artificial intelligence. Its focus is transforming the insurance industry by using technology to make the customer experience more tolerable. After all, few consumers enjoy dealing with traditional insurance companies, especially when it's time to make a claim.Lemonade's artificial intelligence bot, Maya, can produce an estimate for a customer within 90 seconds, and when it comes to making a claim, payouts can be processed within three minutes. The company has focused on four primary areas of insurance -- renters, homeowners, pet, and life -- but it recently forayed into the much more lucrative car insurance market, its largest yet.When relying on artificial intelligence to enter a new segment, the algorithm needs time to learn. In a deviation from its typical strategy, Lemonade opted to seek help entering the vehicle insurance market by acquiring Metromile, another AI-driven insurance broker with over 3 billion miles worth of data under its belt and licenses in 49 U.S. states, in November 2021. This will allow Lemonade to hit the ground running and save valuable time and money perfecting its algorithm to price risk appropriately.Customers are flocking to Lemonade's products as a whole. At the end of the recent third quarter, the company had 1.36 million customers, a year-over-year increase of 44%. And if it meets analysts' revenue expectations, it will be delivering incredibly robust growth there, too.Metric20202021 (Estimate)2022 (Estimate)CAGRRevenue$94 million$127 million$215 million51%Data source: Lemonade, Yahoo! Finance. CAGR = compound annual growth rate.Lemonade's stock might be down by 77%, but Wall Street firm Piper Sandler thinks it could climb back to $98, which would be a whopping 133% return from today's price of $42. It's not without risk, as the company is losing a significant amount of money and is expected to continue doing so.But reforming the customer experience in the insurance business feels like low-hanging fruit, so if Lemonade can achieve scale, it's likely to be extremely successful in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695985046,"gmtCreate":1641299730291,"gmtModify":1641299730410,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/695985046","repostId":"1171542369","repostType":4,"repost":{"id":"1171542369","pubTimestamp":1641298751,"share":"https://www.laohu8.com/m/news/1171542369?lang=&edition=full","pubTime":"2022-01-04 20:19","market":"us","language":"en","title":"3 Stocks Insiders Are Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=1171542369","media":"Benzinga","summary":"When insiders purchase shares, it indicates their confidence in the company's prospects or that they","content":"<html><head></head><body><p>When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.</p><p>Below is a look at a few recent notable insider purchases.</p><p><b>Asana</b></p><ul><li><b>The Trade:Asana, Inc.</b>(NYSE:ASAN) President, CEO and Chair Dustin Moskovitz <i>acquired a total of 1000000 shares</i> at an average price of $73.70. To acquire these shares, it cost $73,701,005.04.</li><li><b>What’s Happening:</b> The company’s stock gained around 9% over the previous month.</li><li><b>What Asana Does:</b> Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.</li></ul><p><b>Superior Industries International</b></p><ul><li><b>The Trade:</b> <b>Superior Industries International, Inc.</b>(NYSE:SUP) 10% owner Thomas Lynch<i>acquired a total of 137112 shares</i> at an average price of $8.87. To acquire these shares, it cost $1,215,935.37.</li><li><b>What’s Happening:</b> The company, in November, posted a wider-than-expected quarterly loss.</li><li><b>What Superior Industries International Does:</b> Superior Industries International Inc is a manufacturer of aluminum wheels for passenger automobiles and light-duty vehicles.</li></ul><p><b>RF Industries</b></p><ul><li><b>The Trade:RF Industries, Ltd.</b>(NASDAQ:RFIL) Director Mark Holdsworth<i>bought a total of 33480 shares</i> at an average price of $7.87. To acquire these shares, it cost $263,552.34.</li><li><b>What’s Happening:</b>RF Industries recently reported fourth-quarter FY21 net sales growth of 97% year-on-year to $21.1 million.</li><li><b>What RF Industries Does:</b>RF Industries Ltd is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables.</li></ul></body></html>","source":"lsy1606299360108","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>3 Stocks Insiders Are Buying</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\">\n3 Stocks Insiders Are Buying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-04 20:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/22/01/24876324/3-stocks-insiders-are-buying><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/22/01/24876324/3-stocks-insiders-are-buying\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RFIL":"RF Industries","ASAN":"阿莎娜","SUP":"Superior Industries International"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/22/01/24876324/3-stocks-insiders-are-buying","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171542369","content_text":"When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.Below is a look at a few recent notable insider purchases.AsanaThe Trade:Asana, Inc.(NYSE:ASAN) President, CEO and Chair Dustin Moskovitz acquired a total of 1000000 shares at an average price of $73.70. To acquire these shares, it cost $73,701,005.04.What’s Happening: The company’s stock gained around 9% over the previous month.What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.Superior Industries InternationalThe Trade: Superior Industries International, Inc.(NYSE:SUP) 10% owner Thomas Lynchacquired a total of 137112 shares at an average price of $8.87. To acquire these shares, it cost $1,215,935.37.What’s Happening: The company, in November, posted a wider-than-expected quarterly loss.What Superior Industries International Does: Superior Industries International Inc is a manufacturer of aluminum wheels for passenger automobiles and light-duty vehicles.RF IndustriesThe Trade:RF Industries, Ltd.(NASDAQ:RFIL) Director Mark Holdsworthbought a total of 33480 shares at an average price of $7.87. To acquire these shares, it cost $263,552.34.What’s Happening:RF Industries recently reported fourth-quarter FY21 net sales growth of 97% year-on-year to $21.1 million.What RF Industries Does:RF Industries Ltd is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692737997,"gmtCreate":1641214604869,"gmtModify":1641214604952,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692737997","repostId":"2200212944","repostType":4,"repost":{"id":"2200212944","pubTimestamp":1641212880,"share":"https://www.laohu8.com/m/news/2200212944?lang=&edition=full","pubTime":"2022-01-03 20:28","market":"us","language":"en","title":"3 Dividend Kings That Should Help You Pull Through Inflation in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200212944","media":"Motley Fool","summary":"These stocks have very consistent dividends and should also hedge against inflation.","content":"<html><head></head><body><p>Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies have managed to continue raising their dividends through several market crashes and bear markets, from Black Monday in 1987 through the COVID-19 pandemic now. The three Dividend Kings I will talk about below are also banks and insurance companies, which tend to be good hedges against inflation.</p><h2>1. Cincinnati Financial Corporation</h2><p>With nearly $30 billion in assets, <b>Cincinnati Financial Corporation</b> (NASDAQ:CINF) is mainly a property and casualty insurer that does business in 45 U.S. states as well as some business in London. More than $23 billion of Cincinnati Financial&#39;s assets are invested in fixed maturity investments and equity securities. Cincinnati&#39;s equities portfolio is impacted by changes in market prices and the company&#39;s largest equity holding is <b>Apple</b>, so a higher-rate environment may not be so great for some stocks in the portfolio.</p><p>But the equities portfolio is also concentrated with sectors that hedge inflation better, like financials and energy. Also, as management noted in the company&#39;s recent regulatory filing, a 1% instantaneous move in short- and long-term interest rates would grow the fair value of the company&#39;s fixed-maturity portfolio by nearly 5%, and enable the company to invest cash flow in securities with higher yields. Cincinnati Financial has now raised its dividend for 61 straight years and has a respectable dividend yield of 2.2%.</p><h2>2. Commerce Bancshares</h2><p><b>Commerce Bancshares</b> (NASDAQ:CBSH) is a nearly $34.5 billion asset bank based in Kansas City, Missouri. This regional bank runs a good business, generating a return on average common equity of more than 16% through the first nine months of the year and a 1.65% return on average assets in the same time period. Return on equity shows the technical profit the bank generated on shareholders&#39; equity, with a 10% return considered strong for most banks. Return on assets shows how well management used assets to generate profits, with a 1% return considered strong.</p><p>In its latest quarterly regulatory filing for the third quarter, management estimates that a gradual 1% rise in interest rates over the next year would result in more than a 5% bump in net interest income over the next year, which is what the bank makes on loans and securities after covering its cost of funding. Commerce has increased its dividend for 53 straight years and has a dividend yield of nearly 1.5%, which is probably better than it sounds considering the bank trades at more than 250% its tangible book value (what a bank would be worth if it were liquidated). That&#39;s a very strong valuation for a bank stock.</p><h2>3. Farmers &amp; <a href=\"https://laohu8.com/S/MBIN\">Merchants Bancorp</a></h2><p>With the smallest market cap of the three at roughly $758 million, <b>Farmers &amp; <a href=\"https://laohu8.com/S/MBINN\">Merchants Bancorp</a></b> (OTC:FMCB) has roughly $5.1 billion in assets and is based in Northern and Central California. This is another strong-performing bank with a return on equity of nearly 15.4% through the first nine months of 2021 and a return on assets of nearly 1.4%. This company is not as sensitive to interest rate moves as the other two, but will still benefit a little bit. Because it trades on the over-the-counter exchange, Farmers &amp; Merchants is also not as liquid as the other two stocks mentioned above. But the company performs well, the stock has a dividend yield of nearly 1.6%, and the bank has increased its dividend for 56 straight years.</p></body></html>","source":"fool_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>3 Dividend Kings That Should Help You Pull Through Inflation in 2022</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\">\n3 Dividend Kings That Should Help You Pull Through Inflation in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CBSH":"科默斯银行","FMCB":"Farmers & Merchants Bancorp","BK4211":"区域性银行","CINF":"辛辛那提金融","BK4107":"财产与意外伤害保险"},"source_url":"https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200212944","content_text":"Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies have managed to continue raising their dividends through several market crashes and bear markets, from Black Monday in 1987 through the COVID-19 pandemic now. The three Dividend Kings I will talk about below are also banks and insurance companies, which tend to be good hedges against inflation.1. Cincinnati Financial CorporationWith nearly $30 billion in assets, Cincinnati Financial Corporation (NASDAQ:CINF) is mainly a property and casualty insurer that does business in 45 U.S. states as well as some business in London. More than $23 billion of Cincinnati Financial's assets are invested in fixed maturity investments and equity securities. Cincinnati's equities portfolio is impacted by changes in market prices and the company's largest equity holding is Apple, so a higher-rate environment may not be so great for some stocks in the portfolio.But the equities portfolio is also concentrated with sectors that hedge inflation better, like financials and energy. Also, as management noted in the company's recent regulatory filing, a 1% instantaneous move in short- and long-term interest rates would grow the fair value of the company's fixed-maturity portfolio by nearly 5%, and enable the company to invest cash flow in securities with higher yields. Cincinnati Financial has now raised its dividend for 61 straight years and has a respectable dividend yield of 2.2%.2. Commerce BancsharesCommerce Bancshares (NASDAQ:CBSH) is a nearly $34.5 billion asset bank based in Kansas City, Missouri. This regional bank runs a good business, generating a return on average common equity of more than 16% through the first nine months of the year and a 1.65% return on average assets in the same time period. Return on equity shows the technical profit the bank generated on shareholders' equity, with a 10% return considered strong for most banks. Return on assets shows how well management used assets to generate profits, with a 1% return considered strong.In its latest quarterly regulatory filing for the third quarter, management estimates that a gradual 1% rise in interest rates over the next year would result in more than a 5% bump in net interest income over the next year, which is what the bank makes on loans and securities after covering its cost of funding. Commerce has increased its dividend for 53 straight years and has a dividend yield of nearly 1.5%, which is probably better than it sounds considering the bank trades at more than 250% its tangible book value (what a bank would be worth if it were liquidated). That's a very strong valuation for a bank stock.3. Farmers & Merchants BancorpWith the smallest market cap of the three at roughly $758 million, Farmers & Merchants Bancorp (OTC:FMCB) has roughly $5.1 billion in assets and is based in Northern and Central California. This is another strong-performing bank with a return on equity of nearly 15.4% through the first nine months of 2021 and a return on assets of nearly 1.4%. This company is not as sensitive to interest rate moves as the other two, but will still benefit a little bit. Because it trades on the over-the-counter exchange, Farmers & Merchants is also not as liquid as the other two stocks mentioned above. But the company performs well, the stock has a dividend yield of nearly 1.6%, and the bank has increased its dividend for 56 straight years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696745131,"gmtCreate":1640781567276,"gmtModify":1640781567373,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696745131","repostId":"2195145259","repostType":4,"repost":{"id":"2195145259","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640780412,"share":"https://www.laohu8.com/m/news/2195145259?lang=&edition=full","pubTime":"2021-12-29 20:20","market":"us","language":"en","title":"FuelCell Energy Q4 EPS $(0.07) Misses $(0.04) Estimate, Sales $13.90M Miss $21.86M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2195145259","media":"Benzinga","summary":"FuelCell Energy (NASDAQ:FCEL) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. This is a 12.5 percent increase over losses of $(0.08) per share from the","content":"<html><head></head><body><p>FuelCell Energy (NASDAQ:FCEL) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. This is a 12.5 percent increase over losses of $(0.08) per share from the same period last year.  The company reported quarterly sales of $13.90 million which missed the analyst consensus estimate of $21.86 million by 36.41 percent.  This is a 18.23 percent decrease over sales of $17.00 million the same period last year.</p><p>FuelCell Energy stock fell 6% in premarket trading.The stock once risen more than 10% previously.</p><p><img src=\"https://static.tigerbbs.com/ca8c507e937684783dfa0f6822fd7746\" tg-width=\"841\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p><b>Fourth Quarter Fiscal 2021 Financial Highlights</b><i>(All comparisons are year-over-year unless otherwise noted)</i></p><ul><li>Revenues of $13.9 million compared to $17.0 million</li><li>Loss from operations of $(22.6) million compared to $(17.1) million</li><li>Unrestricted cash and cash equivalents of $432.2 million as of October 31, 2021 compared to $149.9 million as of October 31, 2020</li><li>Backlog of $1.29 billion as of October 31, 2021 comparable to backlog as of October 31, 2020</li></ul><p><b>Fiscal Year 2021 Financial Highlights</b></p><p><i>(All comparisons are year-over-year unless otherwise noted)</i></p><ul><li>Revenues of $69.6 million compared to $70.9 million</li><li>Loss from operations of $(64.9) million compared to $(39.2) million</li><li>Net loss of $(101.0) million compared to $(89.1) million</li><li>Adjusted EBITDA of $(35.7) million compared to $(17.7) million</li></ul><p><b>FuelCell Energy, Inc. (Nasdaq: FCEL)</b>-- a global leader in fuel cell technology—with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—today reported financial results for its fourth fiscal quarter and fiscal year ended October 31, 2021 and key business highlights.</p><p>“We are pleased with the continued advancement throughout the year of our strategic agenda in terms of infrastructure, solutions and talent to support achieving our long-term goals. We finished fiscal year 2021 with slightly lower revenue compared to fiscal year 2020, but we continued to make important progress on our in-flight projects as well as new technology and applications under development, such as the successful demonstration of the effectiveness of our solid oxide fuel cell,” said Mr. Jason Few, President and CEO. “Since the end of fiscal year 2021, we have favorably resolved our legal proceedings with POSCO Energy Co., Ltd. and clarified our access to the Asian market. We have also advanced through commissioning our 7.4 megawatt power platform located at the U.S. Navy Submarine Base in Groton, CT and our 7.4 megawatt power platform in Yaphank, NY. And, importantly, we extended our joint development agreement with ExxonMobil Research and Engineering Company until April 30, 2022.”</p><p>“We continue to make progress against and evolve our Powerhouse Business Strategy, which we launched two years ago,” continued Mr. Few. “As we have advanced, so must our strategy, and we are evolving our strategy to now focus on the key pillars of Grow, Scale and Innovate. We are in a unique period of time where our solutions are increasingly sought after to help solve energy and environmental challenges. We are working toward accelerating the development and deployment of our platforms to position the company to capture the substantial growth opportunity we foresee for both our carbonate and solid oxide solutions.”</p><p>“This plan for growth drives the need for expanding operational capabilities and growing talent. We believe our opportunities for commercial success have increased with the resolution of our legal proceedings with POSCO Energy, which includes a commitment to order 20 fuel cell modules from us to service POSCO Energy’s existing installed base of carbonate fuel cell platforms. Lastly, I am proud to report that we have met our annualized production rate target of 45 megawatts on a single shift at our Torrington facility, up from 17 megawatts at the end of fiscal year 2020.”</p><p>“Looking forward, we are focused on executing against our existing project backlog, while simultaneously increasing our annualized production rate, repositioning our brand for the future and building the next generation sales structure,” continued Mr. Few. “We are investing in our business to enhance our capabilities across the organization and position the business to accelerate growth leveraging our current commercially-available platforms and accelerating the commercialization of our differentiated solid oxide technology delivering electrolysis, long-duration hydrogen energy storage, and hydrogen power generation given the increasing energy transition opportunities we see before us. We look forward to discussing more around our growth opportunities and initiatives as part of our investor day in March.”</p><p>Mr. Few concluded, “Fiscal year 2020 was a year in which we focused on solving our operational challenges, whereas fiscal year 2021 was defined by improved execution against our backlog, investing in the capabilities of our global team, improving platform performance, and working to take technology innovations from the laboratory to commercial deployment. As we move into fiscal year 2022, we are invigorated by our emphasis on growth, scale, innovation and execution. The initial work under our Powerhouse Business Strategy built the foundation over the past couple of years, and the addressable opportunities globally given our repositioned company have never been greater for FuelCell Energy.”</p><p><b>Consolidated Financial Metrics</b></p><p><i>In this press release, FuelCell Energy refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures may not be comparable to similarly titled measures being used and disclosed by other companies. FuelCell Energy believes that this non-GAAP information is useful to an understanding of its operating results and the ongoing performance of its business. A reconciliation of EBITDA, Adjusted EBITDA and any other non-GAAP measures is contained in the appendix to this press release.</i></p><p><img src=\"https://static.tigerbbs.com/a01c95e60eeba87d48f8d9b416557e68\" tg-width=\"1724\" tg-height=\"597\" referrerpolicy=\"no-referrer\"/></p><p>Fourth quarter revenue of $13.9 million represents a decrease of 18%, driven by a $5.6 million decrease in service agreements and license revenues discussed below.</p><ul><li><b>Service agreements and license</b>revenues decreased 102% to $(0.1) million from $5.4 million. The decrease in revenue is primarily due to the fact that there were no module exchanges during the fourth quarter of fiscal 2021. The Company also recorded a $1.0 million reduction in service revenues as a result of higher future cost estimates related to future module exchanges compared to the Company’s prior estimates, which more than offset recognized revenue in the quarter.</li><li><b>Generation</b>revenues increased 31% to $6.7 million from $5.1 million primarily due to higher operating output of the generation fleet portfolio as a result of investments in maintenance activities and an increase in the size of the fleet.</li><li><b>Advanced Technologies</b>contract revenues increased 14% to $7.3 million from $6.4 million. Advanced Technologies contract revenues recognized under the Joint Development Agreement with ExxonMobil Research and Engineering Company (“EMRE”) increased by approximately $0.4 million, reflecting continued performance under our Joint Development Agreement with EMRE during the quarter. The increase in Advanced Technologies contract revenues also reflects an increase in revenue recognized under government contracts of $0.5 million.</li></ul><p>Gross loss for the fourth fiscal quarter of 2021 totaled $(8.4) million, compared to a gross loss of $(8.0) million in the comparable prior-year quarter. The higher gross loss for the fourth fiscal quarter of 2021 was the result of impairment charges of $2.8 million related to the Company’s Toyota Project, $1.8 million related to the development cost of two projects no longer being pursued, and $0.4 million related to the Company’s Triangle Street Project, as well as cost estimate adjustments related to future module replacements which resulted in a negative margin impact of approximately $2.6 million. Partially offsetting these charges and adjustments were improved generation gross margin primarily related to an increase in revenues, a decrease in depreciation expense, and higher Advanced Technologies gross margin primarily related to the mix of funded contracts in the quarter.</p><p>Operating expenses for the fourth fiscal quarter of 2021 increased to $14.2 million from $9.1 million in the fourth fiscal quarter of 2020. Administrative and selling expenses in the fourth fiscal quarter of 2021 included higher legal expenses associated with tax equity financings and additional share-based compensation expense due to the grants made in November 2020 under our Long-Term Incentive Plan. Research and development expenses of $3.5 million during the fourth fiscal quarter of 2021 reflect increased spending on the Company’s hydrogen commercialization initiatives compared to the comparable prior year period.</p><p>Net loss was $(24.2) million in the fourth fiscal quarter of 2021, compared to net loss of $(18.9) million in the fourth fiscal quarter of 2020, due to higher operating expenses and a higher gross loss for the fourth fiscal quarter of 2021 compared to the fourth fiscal quarter of 2020. The fourth fiscal quarter of 2020 included a $2.2 million favorable adjustment for the fair value of the common stock warrants issued to the lenders under the Company’s now extinguished credit facility with Orion Energy Partners Investment Agent, LLC and its affiliated lenders (the “Orion credit facility”), and the fourth fiscal quarter of 2021 included lower interest expense as a result of the early repayment of all amounts owed under the Orion credit facility.</p><p>The net loss per share attributable to common stockholders in the fourth fiscal quarter of 2021 was $(0.07), compared to $(0.08) in the fourth fiscal quarter of 2020. The lower net loss per common share was primarily due to the higher weighted average shares outstanding due to share issuances since October 31, 2020, partially offset by the higher net loss attributable to common stockholders.</p><p>Adjusted EBITDA totaled $(11.9) million in the fourth fiscal quarter of 2021, compared to Adjusted EBITDA of $(8.6) million in the fourth fiscal quarter of 2020. Please see the discussion of non-GAAP financial measures, including EBITDA and Adjusted EBITDA, as well as applicable reconciliations in the appendix at the end of this release.</p><p><b>Cash, Restricted Cash and Financing Update</b></p><p>On June 11, 2021, the Company entered into an Open Market Sale Agreement with Jefferies LLC and Barclays Capital Inc. (the “Agents”) with respect to an at the market offering program under which the Company may, from time to time, offer and sell shares of the Company’s common stock having an aggregate offering price of up to $500 million. Pursuant to the Open Market Sale Agreement, the Company paid the Agent making each sale a commission equal to 2.0% of the aggregate gross proceeds it received from such sale by such Agent of shares under the Open Market Sale Agreement. From the date of the Open Market Sale Agreement through October 31, 2021, approximately 44.1 million shares were sold under the Open Market Sale Agreement at an average sales price of $8.56 per share, resulting in gross proceeds of $377.2 million, before deducting expenses and sales commissions. Net proceeds to the Company totaled approximately $369.7 million after deducting commissions and offering expenses totaling approximately $7.5 million. The Company plans to use the net proceeds from this offering to accelerate the development and commercialization of our Advanced Technologies products, including our solid oxide platform, for project development, for internal research and development, to invest in capacity expansion for solid oxide and carbonate fuel cell manufacturing, and for project financing, working capital support, and general corporate purposes.</p><p>Cash and cash equivalents and restricted cash and cash equivalents totaled $460.2 million as of October 31, 2021 compared to $192.1 million as of October 31, 2020. The breakdown of unrestricted and restricted cash is as follows:</p><ul><li>As of October 31, 2021, unrestricted cash and cash equivalents totaled $432.2 million, compared to $149.9 million of unrestricted cash and cash equivalents as of October 31, 2020.</li><li>As of October 31, 2021, restricted cash and cash equivalents totaled $28.0 million, of which $11.3 million was classified as current and $16.7 million was classified as non-current, compared to $42.2 million of restricted cash and cash equivalents as of October 31, 2020, of which $9.2 million was classified as current and $33.0 million was classified as non-current.</li></ul><p><b>Fiscal Year 2022 Projected Investments</b></p><p>The Company has determined, in connection with the evolution of its business strategy, that it will focus on continued investment in the Company to achieve long-term growth, rather than focusing on shorter-term financial metrics such as revenue growth and Adjusted EBITDA.</p><p>Expected expenditures in fiscal year 2022 include:</p><ul><li>Capital expenditures are expected to range between $40 million to $50 million for fiscal year 2022, compared to capital expenditures of $6.4 million in fiscal year 2021, which includes expected investments in our factories for carbonate and solid oxide production capacity expansion, the addition of test facilities for new products and components, the expansion of our laboratories and upgrades to and expansion of our business systems.</li><li>Company funded research and development activities are expected to increase to $45.0 million to $55.0 million in fiscal year 2022 (compared to approximately $11.3 million in fiscal year 2021) as we expect to accelerate commercialization of our Advanced Technologies solutions including distributed hydrogen, long duration hydrogen-based energy storage and hydrogen power generation.</li></ul></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>FuelCell Energy Q4 EPS $(0.07) Misses $(0.04) Estimate, Sales $13.90M Miss $21.86M Estimate</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; 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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\">\nFuelCell Energy Q4 EPS $(0.07) Misses $(0.04) Estimate, Sales $13.90M Miss $21.86M Estimate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-12-29 20:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>FuelCell Energy (NASDAQ:FCEL) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. This is a 12.5 percent increase over losses of $(0.08) per share from the same period last year.  The company reported quarterly sales of $13.90 million which missed the analyst consensus estimate of $21.86 million by 36.41 percent.  This is a 18.23 percent decrease over sales of $17.00 million the same period last year.</p><p>FuelCell Energy stock fell 6% in premarket trading.The stock once risen more than 10% previously.</p><p><img src=\"https://static.tigerbbs.com/ca8c507e937684783dfa0f6822fd7746\" tg-width=\"841\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p><b>Fourth Quarter Fiscal 2021 Financial Highlights</b><i>(All comparisons are year-over-year unless otherwise noted)</i></p><ul><li>Revenues of $13.9 million compared to $17.0 million</li><li>Loss from operations of $(22.6) million compared to $(17.1) million</li><li>Unrestricted cash and cash equivalents of $432.2 million as of October 31, 2021 compared to $149.9 million as of October 31, 2020</li><li>Backlog of $1.29 billion as of October 31, 2021 comparable to backlog as of October 31, 2020</li></ul><p><b>Fiscal Year 2021 Financial Highlights</b></p><p><i>(All comparisons are year-over-year unless otherwise noted)</i></p><ul><li>Revenues of $69.6 million compared to $70.9 million</li><li>Loss from operations of $(64.9) million compared to $(39.2) million</li><li>Net loss of $(101.0) million compared to $(89.1) million</li><li>Adjusted EBITDA of $(35.7) million compared to $(17.7) million</li></ul><p><b>FuelCell Energy, Inc. (Nasdaq: FCEL)</b>-- a global leader in fuel cell technology—with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—today reported financial results for its fourth fiscal quarter and fiscal year ended October 31, 2021 and key business highlights.</p><p>“We are pleased with the continued advancement throughout the year of our strategic agenda in terms of infrastructure, solutions and talent to support achieving our long-term goals. We finished fiscal year 2021 with slightly lower revenue compared to fiscal year 2020, but we continued to make important progress on our in-flight projects as well as new technology and applications under development, such as the successful demonstration of the effectiveness of our solid oxide fuel cell,” said Mr. Jason Few, President and CEO. “Since the end of fiscal year 2021, we have favorably resolved our legal proceedings with POSCO Energy Co., Ltd. and clarified our access to the Asian market. We have also advanced through commissioning our 7.4 megawatt power platform located at the U.S. Navy Submarine Base in Groton, CT and our 7.4 megawatt power platform in Yaphank, NY. And, importantly, we extended our joint development agreement with ExxonMobil Research and Engineering Company until April 30, 2022.”</p><p>“We continue to make progress against and evolve our Powerhouse Business Strategy, which we launched two years ago,” continued Mr. Few. “As we have advanced, so must our strategy, and we are evolving our strategy to now focus on the key pillars of Grow, Scale and Innovate. We are in a unique period of time where our solutions are increasingly sought after to help solve energy and environmental challenges. We are working toward accelerating the development and deployment of our platforms to position the company to capture the substantial growth opportunity we foresee for both our carbonate and solid oxide solutions.”</p><p>“This plan for growth drives the need for expanding operational capabilities and growing talent. We believe our opportunities for commercial success have increased with the resolution of our legal proceedings with POSCO Energy, which includes a commitment to order 20 fuel cell modules from us to service POSCO Energy’s existing installed base of carbonate fuel cell platforms. Lastly, I am proud to report that we have met our annualized production rate target of 45 megawatts on a single shift at our Torrington facility, up from 17 megawatts at the end of fiscal year 2020.”</p><p>“Looking forward, we are focused on executing against our existing project backlog, while simultaneously increasing our annualized production rate, repositioning our brand for the future and building the next generation sales structure,” continued Mr. Few. “We are investing in our business to enhance our capabilities across the organization and position the business to accelerate growth leveraging our current commercially-available platforms and accelerating the commercialization of our differentiated solid oxide technology delivering electrolysis, long-duration hydrogen energy storage, and hydrogen power generation given the increasing energy transition opportunities we see before us. We look forward to discussing more around our growth opportunities and initiatives as part of our investor day in March.”</p><p>Mr. Few concluded, “Fiscal year 2020 was a year in which we focused on solving our operational challenges, whereas fiscal year 2021 was defined by improved execution against our backlog, investing in the capabilities of our global team, improving platform performance, and working to take technology innovations from the laboratory to commercial deployment. As we move into fiscal year 2022, we are invigorated by our emphasis on growth, scale, innovation and execution. The initial work under our Powerhouse Business Strategy built the foundation over the past couple of years, and the addressable opportunities globally given our repositioned company have never been greater for FuelCell Energy.”</p><p><b>Consolidated Financial Metrics</b></p><p><i>In this press release, FuelCell Energy refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures may not be comparable to similarly titled measures being used and disclosed by other companies. FuelCell Energy believes that this non-GAAP information is useful to an understanding of its operating results and the ongoing performance of its business. A reconciliation of EBITDA, Adjusted EBITDA and any other non-GAAP measures is contained in the appendix to this press release.</i></p><p><img src=\"https://static.tigerbbs.com/a01c95e60eeba87d48f8d9b416557e68\" tg-width=\"1724\" tg-height=\"597\" referrerpolicy=\"no-referrer\"/></p><p>Fourth quarter revenue of $13.9 million represents a decrease of 18%, driven by a $5.6 million decrease in service agreements and license revenues discussed below.</p><ul><li><b>Service agreements and license</b>revenues decreased 102% to $(0.1) million from $5.4 million. The decrease in revenue is primarily due to the fact that there were no module exchanges during the fourth quarter of fiscal 2021. The Company also recorded a $1.0 million reduction in service revenues as a result of higher future cost estimates related to future module exchanges compared to the Company’s prior estimates, which more than offset recognized revenue in the quarter.</li><li><b>Generation</b>revenues increased 31% to $6.7 million from $5.1 million primarily due to higher operating output of the generation fleet portfolio as a result of investments in maintenance activities and an increase in the size of the fleet.</li><li><b>Advanced Technologies</b>contract revenues increased 14% to $7.3 million from $6.4 million. Advanced Technologies contract revenues recognized under the Joint Development Agreement with ExxonMobil Research and Engineering Company (“EMRE”) increased by approximately $0.4 million, reflecting continued performance under our Joint Development Agreement with EMRE during the quarter. The increase in Advanced Technologies contract revenues also reflects an increase in revenue recognized under government contracts of $0.5 million.</li></ul><p>Gross loss for the fourth fiscal quarter of 2021 totaled $(8.4) million, compared to a gross loss of $(8.0) million in the comparable prior-year quarter. The higher gross loss for the fourth fiscal quarter of 2021 was the result of impairment charges of $2.8 million related to the Company’s Toyota Project, $1.8 million related to the development cost of two projects no longer being pursued, and $0.4 million related to the Company’s Triangle Street Project, as well as cost estimate adjustments related to future module replacements which resulted in a negative margin impact of approximately $2.6 million. Partially offsetting these charges and adjustments were improved generation gross margin primarily related to an increase in revenues, a decrease in depreciation expense, and higher Advanced Technologies gross margin primarily related to the mix of funded contracts in the quarter.</p><p>Operating expenses for the fourth fiscal quarter of 2021 increased to $14.2 million from $9.1 million in the fourth fiscal quarter of 2020. Administrative and selling expenses in the fourth fiscal quarter of 2021 included higher legal expenses associated with tax equity financings and additional share-based compensation expense due to the grants made in November 2020 under our Long-Term Incentive Plan. Research and development expenses of $3.5 million during the fourth fiscal quarter of 2021 reflect increased spending on the Company’s hydrogen commercialization initiatives compared to the comparable prior year period.</p><p>Net loss was $(24.2) million in the fourth fiscal quarter of 2021, compared to net loss of $(18.9) million in the fourth fiscal quarter of 2020, due to higher operating expenses and a higher gross loss for the fourth fiscal quarter of 2021 compared to the fourth fiscal quarter of 2020. The fourth fiscal quarter of 2020 included a $2.2 million favorable adjustment for the fair value of the common stock warrants issued to the lenders under the Company’s now extinguished credit facility with Orion Energy Partners Investment Agent, LLC and its affiliated lenders (the “Orion credit facility”), and the fourth fiscal quarter of 2021 included lower interest expense as a result of the early repayment of all amounts owed under the Orion credit facility.</p><p>The net loss per share attributable to common stockholders in the fourth fiscal quarter of 2021 was $(0.07), compared to $(0.08) in the fourth fiscal quarter of 2020. The lower net loss per common share was primarily due to the higher weighted average shares outstanding due to share issuances since October 31, 2020, partially offset by the higher net loss attributable to common stockholders.</p><p>Adjusted EBITDA totaled $(11.9) million in the fourth fiscal quarter of 2021, compared to Adjusted EBITDA of $(8.6) million in the fourth fiscal quarter of 2020. Please see the discussion of non-GAAP financial measures, including EBITDA and Adjusted EBITDA, as well as applicable reconciliations in the appendix at the end of this release.</p><p><b>Cash, Restricted Cash and Financing Update</b></p><p>On June 11, 2021, the Company entered into an Open Market Sale Agreement with Jefferies LLC and Barclays Capital Inc. (the “Agents”) with respect to an at the market offering program under which the Company may, from time to time, offer and sell shares of the Company’s common stock having an aggregate offering price of up to $500 million. Pursuant to the Open Market Sale Agreement, the Company paid the Agent making each sale a commission equal to 2.0% of the aggregate gross proceeds it received from such sale by such Agent of shares under the Open Market Sale Agreement. From the date of the Open Market Sale Agreement through October 31, 2021, approximately 44.1 million shares were sold under the Open Market Sale Agreement at an average sales price of $8.56 per share, resulting in gross proceeds of $377.2 million, before deducting expenses and sales commissions. Net proceeds to the Company totaled approximately $369.7 million after deducting commissions and offering expenses totaling approximately $7.5 million. The Company plans to use the net proceeds from this offering to accelerate the development and commercialization of our Advanced Technologies products, including our solid oxide platform, for project development, for internal research and development, to invest in capacity expansion for solid oxide and carbonate fuel cell manufacturing, and for project financing, working capital support, and general corporate purposes.</p><p>Cash and cash equivalents and restricted cash and cash equivalents totaled $460.2 million as of October 31, 2021 compared to $192.1 million as of October 31, 2020. The breakdown of unrestricted and restricted cash is as follows:</p><ul><li>As of October 31, 2021, unrestricted cash and cash equivalents totaled $432.2 million, compared to $149.9 million of unrestricted cash and cash equivalents as of October 31, 2020.</li><li>As of October 31, 2021, restricted cash and cash equivalents totaled $28.0 million, of which $11.3 million was classified as current and $16.7 million was classified as non-current, compared to $42.2 million of restricted cash and cash equivalents as of October 31, 2020, of which $9.2 million was classified as current and $33.0 million was classified as non-current.</li></ul><p><b>Fiscal Year 2022 Projected Investments</b></p><p>The Company has determined, in connection with the evolution of its business strategy, that it will focus on continued investment in the Company to achieve long-term growth, rather than focusing on shorter-term financial metrics such as revenue growth and Adjusted EBITDA.</p><p>Expected expenditures in fiscal year 2022 include:</p><ul><li>Capital expenditures are expected to range between $40 million to $50 million for fiscal year 2022, compared to capital expenditures of $6.4 million in fiscal year 2021, which includes expected investments in our factories for carbonate and solid oxide production capacity expansion, the addition of test facilities for new products and components, the expansion of our laboratories and upgrades to and expansion of our business systems.</li><li>Company funded research and development activities are expected to increase to $45.0 million to $55.0 million in fiscal year 2022 (compared to approximately $11.3 million in fiscal year 2021) as we expect to accelerate commercialization of our Advanced Technologies solutions including distributed hydrogen, long duration hydrogen-based energy storage and hydrogen power generation.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FCEL":"燃料电池能源"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195145259","content_text":"FuelCell Energy (NASDAQ:FCEL) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. This is a 12.5 percent increase over losses of $(0.08) per share from the same period last year.  The company reported quarterly sales of $13.90 million which missed the analyst consensus estimate of $21.86 million by 36.41 percent.  This is a 18.23 percent decrease over sales of $17.00 million the same period last year.FuelCell Energy stock fell 6% in premarket trading.The stock once risen more than 10% previously.Fourth Quarter Fiscal 2021 Financial Highlights(All comparisons are year-over-year unless otherwise noted)Revenues of $13.9 million compared to $17.0 millionLoss from operations of $(22.6) million compared to $(17.1) millionUnrestricted cash and cash equivalents of $432.2 million as of October 31, 2021 compared to $149.9 million as of October 31, 2020Backlog of $1.29 billion as of October 31, 2021 comparable to backlog as of October 31, 2020Fiscal Year 2021 Financial Highlights(All comparisons are year-over-year unless otherwise noted)Revenues of $69.6 million compared to $70.9 millionLoss from operations of $(64.9) million compared to $(39.2) millionNet loss of $(101.0) million compared to $(89.1) millionAdjusted EBITDA of $(35.7) million compared to $(17.7) millionFuelCell Energy, Inc. (Nasdaq: FCEL)-- a global leader in fuel cell technology—with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—today reported financial results for its fourth fiscal quarter and fiscal year ended October 31, 2021 and key business highlights.“We are pleased with the continued advancement throughout the year of our strategic agenda in terms of infrastructure, solutions and talent to support achieving our long-term goals. We finished fiscal year 2021 with slightly lower revenue compared to fiscal year 2020, but we continued to make important progress on our in-flight projects as well as new technology and applications under development, such as the successful demonstration of the effectiveness of our solid oxide fuel cell,” said Mr. Jason Few, President and CEO. “Since the end of fiscal year 2021, we have favorably resolved our legal proceedings with POSCO Energy Co., Ltd. and clarified our access to the Asian market. We have also advanced through commissioning our 7.4 megawatt power platform located at the U.S. Navy Submarine Base in Groton, CT and our 7.4 megawatt power platform in Yaphank, NY. And, importantly, we extended our joint development agreement with ExxonMobil Research and Engineering Company until April 30, 2022.”“We continue to make progress against and evolve our Powerhouse Business Strategy, which we launched two years ago,” continued Mr. Few. “As we have advanced, so must our strategy, and we are evolving our strategy to now focus on the key pillars of Grow, Scale and Innovate. We are in a unique period of time where our solutions are increasingly sought after to help solve energy and environmental challenges. We are working toward accelerating the development and deployment of our platforms to position the company to capture the substantial growth opportunity we foresee for both our carbonate and solid oxide solutions.”“This plan for growth drives the need for expanding operational capabilities and growing talent. We believe our opportunities for commercial success have increased with the resolution of our legal proceedings with POSCO Energy, which includes a commitment to order 20 fuel cell modules from us to service POSCO Energy’s existing installed base of carbonate fuel cell platforms. Lastly, I am proud to report that we have met our annualized production rate target of 45 megawatts on a single shift at our Torrington facility, up from 17 megawatts at the end of fiscal year 2020.”“Looking forward, we are focused on executing against our existing project backlog, while simultaneously increasing our annualized production rate, repositioning our brand for the future and building the next generation sales structure,” continued Mr. Few. “We are investing in our business to enhance our capabilities across the organization and position the business to accelerate growth leveraging our current commercially-available platforms and accelerating the commercialization of our differentiated solid oxide technology delivering electrolysis, long-duration hydrogen energy storage, and hydrogen power generation given the increasing energy transition opportunities we see before us. We look forward to discussing more around our growth opportunities and initiatives as part of our investor day in March.”Mr. Few concluded, “Fiscal year 2020 was a year in which we focused on solving our operational challenges, whereas fiscal year 2021 was defined by improved execution against our backlog, investing in the capabilities of our global team, improving platform performance, and working to take technology innovations from the laboratory to commercial deployment. As we move into fiscal year 2022, we are invigorated by our emphasis on growth, scale, innovation and execution. The initial work under our Powerhouse Business Strategy built the foundation over the past couple of years, and the addressable opportunities globally given our repositioned company have never been greater for FuelCell Energy.”Consolidated Financial MetricsIn this press release, FuelCell Energy refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures may not be comparable to similarly titled measures being used and disclosed by other companies. FuelCell Energy believes that this non-GAAP information is useful to an understanding of its operating results and the ongoing performance of its business. A reconciliation of EBITDA, Adjusted EBITDA and any other non-GAAP measures is contained in the appendix to this press release.Fourth quarter revenue of $13.9 million represents a decrease of 18%, driven by a $5.6 million decrease in service agreements and license revenues discussed below.Service agreements and licenserevenues decreased 102% to $(0.1) million from $5.4 million. The decrease in revenue is primarily due to the fact that there were no module exchanges during the fourth quarter of fiscal 2021. The Company also recorded a $1.0 million reduction in service revenues as a result of higher future cost estimates related to future module exchanges compared to the Company’s prior estimates, which more than offset recognized revenue in the quarter.Generationrevenues increased 31% to $6.7 million from $5.1 million primarily due to higher operating output of the generation fleet portfolio as a result of investments in maintenance activities and an increase in the size of the fleet.Advanced Technologiescontract revenues increased 14% to $7.3 million from $6.4 million. Advanced Technologies contract revenues recognized under the Joint Development Agreement with ExxonMobil Research and Engineering Company (“EMRE”) increased by approximately $0.4 million, reflecting continued performance under our Joint Development Agreement with EMRE during the quarter. The increase in Advanced Technologies contract revenues also reflects an increase in revenue recognized under government contracts of $0.5 million.Gross loss for the fourth fiscal quarter of 2021 totaled $(8.4) million, compared to a gross loss of $(8.0) million in the comparable prior-year quarter. The higher gross loss for the fourth fiscal quarter of 2021 was the result of impairment charges of $2.8 million related to the Company’s Toyota Project, $1.8 million related to the development cost of two projects no longer being pursued, and $0.4 million related to the Company’s Triangle Street Project, as well as cost estimate adjustments related to future module replacements which resulted in a negative margin impact of approximately $2.6 million. Partially offsetting these charges and adjustments were improved generation gross margin primarily related to an increase in revenues, a decrease in depreciation expense, and higher Advanced Technologies gross margin primarily related to the mix of funded contracts in the quarter.Operating expenses for the fourth fiscal quarter of 2021 increased to $14.2 million from $9.1 million in the fourth fiscal quarter of 2020. Administrative and selling expenses in the fourth fiscal quarter of 2021 included higher legal expenses associated with tax equity financings and additional share-based compensation expense due to the grants made in November 2020 under our Long-Term Incentive Plan. Research and development expenses of $3.5 million during the fourth fiscal quarter of 2021 reflect increased spending on the Company’s hydrogen commercialization initiatives compared to the comparable prior year period.Net loss was $(24.2) million in the fourth fiscal quarter of 2021, compared to net loss of $(18.9) million in the fourth fiscal quarter of 2020, due to higher operating expenses and a higher gross loss for the fourth fiscal quarter of 2021 compared to the fourth fiscal quarter of 2020. The fourth fiscal quarter of 2020 included a $2.2 million favorable adjustment for the fair value of the common stock warrants issued to the lenders under the Company’s now extinguished credit facility with Orion Energy Partners Investment Agent, LLC and its affiliated lenders (the “Orion credit facility”), and the fourth fiscal quarter of 2021 included lower interest expense as a result of the early repayment of all amounts owed under the Orion credit facility.The net loss per share attributable to common stockholders in the fourth fiscal quarter of 2021 was $(0.07), compared to $(0.08) in the fourth fiscal quarter of 2020. The lower net loss per common share was primarily due to the higher weighted average shares outstanding due to share issuances since October 31, 2020, partially offset by the higher net loss attributable to common stockholders.Adjusted EBITDA totaled $(11.9) million in the fourth fiscal quarter of 2021, compared to Adjusted EBITDA of $(8.6) million in the fourth fiscal quarter of 2020. Please see the discussion of non-GAAP financial measures, including EBITDA and Adjusted EBITDA, as well as applicable reconciliations in the appendix at the end of this release.Cash, Restricted Cash and Financing UpdateOn June 11, 2021, the Company entered into an Open Market Sale Agreement with Jefferies LLC and Barclays Capital Inc. (the “Agents”) with respect to an at the market offering program under which the Company may, from time to time, offer and sell shares of the Company’s common stock having an aggregate offering price of up to $500 million. Pursuant to the Open Market Sale Agreement, the Company paid the Agent making each sale a commission equal to 2.0% of the aggregate gross proceeds it received from such sale by such Agent of shares under the Open Market Sale Agreement. From the date of the Open Market Sale Agreement through October 31, 2021, approximately 44.1 million shares were sold under the Open Market Sale Agreement at an average sales price of $8.56 per share, resulting in gross proceeds of $377.2 million, before deducting expenses and sales commissions. Net proceeds to the Company totaled approximately $369.7 million after deducting commissions and offering expenses totaling approximately $7.5 million. The Company plans to use the net proceeds from this offering to accelerate the development and commercialization of our Advanced Technologies products, including our solid oxide platform, for project development, for internal research and development, to invest in capacity expansion for solid oxide and carbonate fuel cell manufacturing, and for project financing, working capital support, and general corporate purposes.Cash and cash equivalents and restricted cash and cash equivalents totaled $460.2 million as of October 31, 2021 compared to $192.1 million as of October 31, 2020. The breakdown of unrestricted and restricted cash is as follows:As of October 31, 2021, unrestricted cash and cash equivalents totaled $432.2 million, compared to $149.9 million of unrestricted cash and cash equivalents as of October 31, 2020.As of October 31, 2021, restricted cash and cash equivalents totaled $28.0 million, of which $11.3 million was classified as current and $16.7 million was classified as non-current, compared to $42.2 million of restricted cash and cash equivalents as of October 31, 2020, of which $9.2 million was classified as current and $33.0 million was classified as non-current.Fiscal Year 2022 Projected InvestmentsThe Company has determined, in connection with the evolution of its business strategy, that it will focus on continued investment in the Company to achieve long-term growth, rather than focusing on shorter-term financial metrics such as revenue growth and Adjusted EBITDA.Expected expenditures in fiscal year 2022 include:Capital expenditures are expected to range between $40 million to $50 million for fiscal year 2022, compared to capital expenditures of $6.4 million in fiscal year 2021, which includes expected investments in our factories for carbonate and solid oxide production capacity expansion, the addition of test facilities for new products and components, the expansion of our laboratories and upgrades to and expansion of our business systems.Company funded research and development activities are expected to increase to $45.0 million to $55.0 million in fiscal year 2022 (compared to approximately $11.3 million in fiscal year 2021) as we expect to accelerate commercialization of our Advanced Technologies solutions including distributed hydrogen, long duration hydrogen-based energy storage and hydrogen power generation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691879428,"gmtCreate":1640175717341,"gmtModify":1640175717675,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691879428","repostId":"2193019949","repostType":4,"repost":{"id":"2193019949","pubTimestamp":1640173500,"share":"https://www.laohu8.com/m/news/2193019949?lang=&edition=full","pubTime":"2021-12-22 19:45","market":"us","language":"en","title":"'Hands off': Why some U.S. investors are pulling meme stocks from brokerages","url":"https://stock-news.laohu8.com/highlight/detail?id=2193019949","media":"StreetInsider","summary":"(Reuters) - Jose Castillo pulled his $60,000 worth of GameStop Corp shares from his brokerage last s","content":"<p>(Reuters) - Jose Castillo pulled his $60,000 worth of GameStop Corp shares from his brokerage last summer, even though he had no intention of selling them.</p>\n<p>The 26-year-old information technology worker, who lives in the greater Minneapolis area, is among a growing number of investors in \"meme\" stocks -- shares such as GameStop popular with day traders -- who are withdrawing them from brokerages out of concern the shares will be lent to hedge funds engaging in short-selling.</p>\n<p>Castillo pulled the shares out of Fidelity Investments and transferred them to his name using Computershare Ltd, an Australian stock transfer company.</p>\n<p>Brokerages have been trying to reassure investors that they only lend shares of customers who are trading on borrowed funds. If they use their own cash, the shares are not loaned.</p>\n<p>Castillo traded GameStop shares without using borrowed funds, but he still feared his shares would be lent.</p>\n<p>He said he read about the \"direct registration\" of shares on Reddit, the social media platform that day traders turned to this year after the meme stock trading frenzy took off. There, more and more investors have announced they have taken their shares out of brokerages through companies such as Computershare, arguing this will help shield them from short-selling.</p>\n<p>\"There is so much going on with a stock being shorted, people started to think how can I make sure that I own it and that somebody else isn't doing anything that I don't want with it,\" Castillo said in an interview.</p>\n<p>A Fidelity spokesperson declined to comment.</p>\n<p>Paul Conn, president of Computershare's global capital markets group, said he saw a wave of direct registration business starting in September that was driven by day traders.</p>\n<p>\"Retail investors have asked their broker or bank to remove their investments from the 'street name' system and into their own name, directly onto the company's share register,\" Conn said.</p>\n<p>Hedge funds short shares by borrowing and selling them, hoping they will drop in value so they can buy them back for less and pocket the difference. Financial market experts said the push towards direct registration was unlikely to curtail this practice, because most hedge funds' collateral comes from prime brokers rather than retail brokerages.</p>\n<p>\"The shares used to stock-loan from margined retail accounts are minimal compared to the stock-loan inventory from prime brokers and long lenders such as mutual funds and pension funds,\" said research firm S3 Partners managing director Ihor Dusaniwsky.</p>\n<p>Monthly average trading volumes of GameStop shares have dropped since July to their lowest levels for more than a year, according to Refinitiv data. That was about the time that Reddit users began to advocate for the direct registration of shares.</p>\n<p>The more shares are transferred out of brokerages into direct registration providers such as Computershare, the fewer of them are available to trade.Joshua Mitts, a securities law professor at Columbia Law School, said removing shares from the market makes them more susceptible to wild price swings, which could end up hurting the retail investors.</p>\n<p>\"From a psychological point of view, I can see how that resonates. But from an economic point of view it does not make much sense, because with fewer shares available the trading is simply going to become more volatile,\" Mitts said.</p>\n<p>A GameStop spokesperson declined to comment. <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> trading apps such as Robinhood Markets Inc and SoFi Technologies Inc, as well traditional brokerages such as Charles Schwab Corp and Fidelity, would lose out if the direct registration trend intensified. They benefited from this year's surge in trading of meme stocks.</p>\n<p>Robinhood and Charles Schwab representatives reiterated that only shares of customers who have borrowed from the brokerages to invest are loaned to hedge funds.</p>\n<p>\"We have seen an uptick in recent months of clients requesting to hold certain securities outside of Charles Schwab as a means to prevent them from being lent out,\" the brokerage's managing director of trading and education, Jeff Chiappetta, said in a statement.</p>\n<p>Many requests were made by clients who bought shares without borrowing from Charles Schwab and would not have had their shares lent, Chiappetta added.</p>\n<p>A SoFi spokesperson did not respond to a request for comment.</p>\n<p>TRADING CURBS</p>\n<p>Retail investors started to mistrust brokerages when Robinhood and its peers placed trading restrictions in late January on GameStop's shares. Thousands of investors claimed on social media that the trading curbs were introduced to protect hedge funds that had lost billions of dollars shorting the stock without anticipating a Reddit-fueled rally.</p>\n<p>Commission-free brokerages such as Robinhood rely on payment for order flow, under which they receive fees from market makers for routing trades to them. This business model has also made retail investors suspicious, especially since Citadel Securities, which acts as Robinhood's market maker, also runs hedge funds that engage in short-selling.</p>\n<p>Robinhood and Citadel have insisted that the trading restrictions were not put in place to protect hedge funds, but were needed because Robinhood did not have enough collateral to execute customers' trades.</p>\n<p>A U.S. judge sided with Robinhood on the matter last month, dismissing an investor lawsuit accusing the trading app and other brokerages of wrongly preventing retail investors from buying fast-rising \"meme stocks\" and triggering a sell-off.</p>","source":"highlight_streetinsider","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>'Hands off': Why some U.S. investors are pulling meme stocks from brokerages</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; 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}\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'Hands off': Why some U.S. investors are pulling meme stocks from brokerages\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-22 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19382097><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Jose Castillo pulled his $60,000 worth of GameStop Corp shares from his brokerage last summer, even though he had no intention of selling them.\nThe 26-year-old information technology ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19382097\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19382097","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193019949","content_text":"(Reuters) - Jose Castillo pulled his $60,000 worth of GameStop Corp shares from his brokerage last summer, even though he had no intention of selling them.\nThe 26-year-old information technology worker, who lives in the greater Minneapolis area, is among a growing number of investors in \"meme\" stocks -- shares such as GameStop popular with day traders -- who are withdrawing them from brokerages out of concern the shares will be lent to hedge funds engaging in short-selling.\nCastillo pulled the shares out of Fidelity Investments and transferred them to his name using Computershare Ltd, an Australian stock transfer company.\nBrokerages have been trying to reassure investors that they only lend shares of customers who are trading on borrowed funds. If they use their own cash, the shares are not loaned.\nCastillo traded GameStop shares without using borrowed funds, but he still feared his shares would be lent.\nHe said he read about the \"direct registration\" of shares on Reddit, the social media platform that day traders turned to this year after the meme stock trading frenzy took off. There, more and more investors have announced they have taken their shares out of brokerages through companies such as Computershare, arguing this will help shield them from short-selling.\n\"There is so much going on with a stock being shorted, people started to think how can I make sure that I own it and that somebody else isn't doing anything that I don't want with it,\" Castillo said in an interview.\nA Fidelity spokesperson declined to comment.\nPaul Conn, president of Computershare's global capital markets group, said he saw a wave of direct registration business starting in September that was driven by day traders.\n\"Retail investors have asked their broker or bank to remove their investments from the 'street name' system and into their own name, directly onto the company's share register,\" Conn said.\nHedge funds short shares by borrowing and selling them, hoping they will drop in value so they can buy them back for less and pocket the difference. Financial market experts said the push towards direct registration was unlikely to curtail this practice, because most hedge funds' collateral comes from prime brokers rather than retail brokerages.\n\"The shares used to stock-loan from margined retail accounts are minimal compared to the stock-loan inventory from prime brokers and long lenders such as mutual funds and pension funds,\" said research firm S3 Partners managing director Ihor Dusaniwsky.\nMonthly average trading volumes of GameStop shares have dropped since July to their lowest levels for more than a year, according to Refinitiv data. That was about the time that Reddit users began to advocate for the direct registration of shares.\nThe more shares are transferred out of brokerages into direct registration providers such as Computershare, the fewer of them are available to trade.Joshua Mitts, a securities law professor at Columbia Law School, said removing shares from the market makes them more susceptible to wild price swings, which could end up hurting the retail investors.\n\"From a psychological point of view, I can see how that resonates. But from an economic point of view it does not make much sense, because with fewer shares available the trading is simply going to become more volatile,\" Mitts said.\nA GameStop spokesperson declined to comment. Popular trading apps such as Robinhood Markets Inc and SoFi Technologies Inc, as well traditional brokerages such as Charles Schwab Corp and Fidelity, would lose out if the direct registration trend intensified. They benefited from this year's surge in trading of meme stocks.\nRobinhood and Charles Schwab representatives reiterated that only shares of customers who have borrowed from the brokerages to invest are loaned to hedge funds.\n\"We have seen an uptick in recent months of clients requesting to hold certain securities outside of Charles Schwab as a means to prevent them from being lent out,\" the brokerage's managing director of trading and education, Jeff Chiappetta, said in a statement.\nMany requests were made by clients who bought shares without borrowing from Charles Schwab and would not have had their shares lent, Chiappetta added.\nA SoFi spokesperson did not respond to a request for comment.\nTRADING CURBS\nRetail investors started to mistrust brokerages when Robinhood and its peers placed trading restrictions in late January on GameStop's shares. Thousands of investors claimed on social media that the trading curbs were introduced to protect hedge funds that had lost billions of dollars shorting the stock without anticipating a Reddit-fueled rally.\nCommission-free brokerages such as Robinhood rely on payment for order flow, under which they receive fees from market makers for routing trades to them. This business model has also made retail investors suspicious, especially since Citadel Securities, which acts as Robinhood's market maker, also runs hedge funds that engage in short-selling.\nRobinhood and Citadel have insisted that the trading restrictions were not put in place to protect hedge funds, but were needed because Robinhood did not have enough collateral to execute customers' trades.\nA U.S. judge sided with Robinhood on the matter last month, dismissing an investor lawsuit accusing the trading app and other brokerages of wrongly preventing retail investors from buying fast-rising \"meme stocks\" and triggering a sell-off.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606674764,"gmtCreate":1638879556961,"gmtModify":1638879557080,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606674764","repostId":"1168326906","repostType":4,"repost":{"id":"1168326906","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1638878102,"share":"https://www.laohu8.com/m/news/1168326906?lang=&edition=full","pubTime":"2021-12-07 19:55","market":"us","language":"en","title":"AstraZeneca to Work with Ionis on Eplontersen Drug ","url":"https://stock-news.laohu8.com/highlight/detail?id=1168326906","media":"Dow Jones","summary":"AstraZeneca PLC said Tuesday that it will collaborate with Ionis Pharmaceuticals Inc., to jointly de","content":"<p></p>\n<p>AstraZeneca PLC said Tuesday that it will collaborate with Ionis Pharmaceuticals Inc., to jointly develop and commercialize the Californian biotechnology company's antisense drug Eplontersen.</p>\n<p>The companies will jointly develop and commercialize the drug in the U.S., while AstraZeneca will develop and commercialize Eplontersen in the rest of the world, except for Latin America, it said.</p>\n<p>The pharmaceutical company will pay Ionis $200 million up front and additional conditional payments of up to $485 million after regulatory approvals. It will also pay up to $2.9 billion of sales-related milestones, and royalties in the range of a low double-digit to a mid-twenties percentage, depending on the region.</p>\n<p>Eplontersen, which is currently in phase 3 clinical trials, treats amyloid transthyretin cardiomyopathy, or ATTR-CM--a systemic, progressive and fatal condition that leads to progressive heart failure and death within four years of diagnosis. It also treats amyloid transthyretin polyneuropathy, or ATTR-PN, a disease causing peripheral nerve damage with motor disability within five years of diagnosis, and is generally fatal within a decade if untreated.</p>\n<p>Hereditary ATTR-PN treatment is likely to be the first regulatory approval for Eplontersen, with the potential to file a new drug application with the U.S. Food and Drug Administration by the end of 2022.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AstraZeneca to Work with Ionis on Eplontersen Drug </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\">\nAstraZeneca to Work with Ionis on Eplontersen Drug \n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-12-07 19:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p></p>\n<p>AstraZeneca PLC said Tuesday that it will collaborate with Ionis Pharmaceuticals Inc., to jointly develop and commercialize the Californian biotechnology company's antisense drug Eplontersen.</p>\n<p>The companies will jointly develop and commercialize the drug in the U.S., while AstraZeneca will develop and commercialize Eplontersen in the rest of the world, except for Latin America, it said.</p>\n<p>The pharmaceutical company will pay Ionis $200 million up front and additional conditional payments of up to $485 million after regulatory approvals. It will also pay up to $2.9 billion of sales-related milestones, and royalties in the range of a low double-digit to a mid-twenties percentage, depending on the region.</p>\n<p>Eplontersen, which is currently in phase 3 clinical trials, treats amyloid transthyretin cardiomyopathy, or ATTR-CM--a systemic, progressive and fatal condition that leads to progressive heart failure and death within four years of diagnosis. It also treats amyloid transthyretin polyneuropathy, or ATTR-PN, a disease causing peripheral nerve damage with motor disability within five years of diagnosis, and is generally fatal within a decade if untreated.</p>\n<p>Hereditary ATTR-PN treatment is likely to be the first regulatory approval for Eplontersen, with the potential to file a new drug application with the U.S. Food and Drug Administration by the end of 2022.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN":"阿斯利康"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168326906","content_text":"AstraZeneca PLC said Tuesday that it will collaborate with Ionis Pharmaceuticals Inc., to jointly develop and commercialize the Californian biotechnology company's antisense drug Eplontersen.\nThe companies will jointly develop and commercialize the drug in the U.S., while AstraZeneca will develop and commercialize Eplontersen in the rest of the world, except for Latin America, it said.\nThe pharmaceutical company will pay Ionis $200 million up front and additional conditional payments of up to $485 million after regulatory approvals. It will also pay up to $2.9 billion of sales-related milestones, and royalties in the range of a low double-digit to a mid-twenties percentage, depending on the region.\nEplontersen, which is currently in phase 3 clinical trials, treats amyloid transthyretin cardiomyopathy, or ATTR-CM--a systemic, progressive and fatal condition that leads to progressive heart failure and death within four years of diagnosis. It also treats amyloid transthyretin polyneuropathy, or ATTR-PN, a disease causing peripheral nerve damage with motor disability within five years of diagnosis, and is generally fatal within a decade if untreated.\nHereditary ATTR-PN treatment is likely to be the first regulatory approval for Eplontersen, with the potential to file a new drug application with the U.S. Food and Drug Administration by the end of 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601287325,"gmtCreate":1638535473439,"gmtModify":1638535473439,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601287325","repostId":"1177709350","repostType":4,"repost":{"id":"1177709350","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1638533783,"share":"https://www.laohu8.com/m/news/1177709350?lang=&edition=full","pubTime":"2021-12-03 20:16","market":"us","language":"en","title":"Vaccine makers should plan to adjust COVID-19 jabs - WHO","url":"https://stock-news.laohu8.com/highlight/detail?id=1177709350","media":"Reuters","summary":"GENEVA, Dec 3 (Reuters) - Makers of COVID-19 vaccines should gear up for the \"likelihood\" of needing","content":"<p>GENEVA, Dec 3 (Reuters) - Makers of COVID-19 vaccines should gear up for the \"likelihood\" of needing to adjust their products to protect against the Omicron variant, the World Health Organization's (WHO) spokesperson said on Friday.</p>\n<p>Christian Lindmeier, speaking at a U.N. briefing in Geneva, said the agency was studying the transmissibility and severity of the variant first detected in southern Africa last month.</p>\n<p>\"It is very recommendable that vaccine manufacturers already start planning ahead and plan for the likelihood for having to adjust the existing vaccine,\" he said.</p>\n<p>\"That's good not just to wait until the final alarm bell rings,\" he said.</p>\n<p>Germany's BioNTech&nbsp;should be able to adapt its coronavirus vaccine relatively quickly in response to the emergence of the Omicron variant, its CEO Ugur Sahin told the Reuters Next conference on Friday.</p>\n<p>South African scientists studying the Omicron outbreak believe symptoms are less severe for those reinfected with COVID-19 by the new variant or infected after vaccination, a top scientist said on Thursday.</p>\n<p>Maria van Kerkhove, the WHO's technical lead on COVID-19, said on Wednesday that the body expected to have more information on the transmissibility of the new Omicron variant \"within days\".</p>\n<p>\"It will still take some time and let's not rush into conclusions here,\" Lindmeier said on Friday.</p>\n<p>\"Preliminary data, and we have said that now since awhile, show that there is higher transmissibility. But that's all that we basically have so far,\" he said.</p>\n<p>Delta remains the dominant variant globally, accounting for more than 90% of infections, Lindmeier said.</p>\n<p>\"So Omicron may be on the rise, and we may come to point where it takes over to be the dominant variant, but at this point the very dominant variant remains Delta,\" he said.</p>\n<p>\"The restrictions that were put into place in many countries just two weeks ago, economic closures again, lockdowns in some areas, closure of Christmas markets in parts of Europe, this was done before Omicron because of a rise in Delta cases.</p>\n<p>Let's not lose sight of this,\" he added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vaccine makers should plan to adjust COVID-19 jabs - WHO</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\">\nVaccine makers should plan to adjust COVID-19 jabs - WHO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-12-03 20:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>GENEVA, Dec 3 (Reuters) - Makers of COVID-19 vaccines should gear up for the \"likelihood\" of needing to adjust their products to protect against the Omicron variant, the World Health Organization's (WHO) spokesperson said on Friday.</p>\n<p>Christian Lindmeier, speaking at a U.N. briefing in Geneva, said the agency was studying the transmissibility and severity of the variant first detected in southern Africa last month.</p>\n<p>\"It is very recommendable that vaccine manufacturers already start planning ahead and plan for the likelihood for having to adjust the existing vaccine,\" he said.</p>\n<p>\"That's good not just to wait until the final alarm bell rings,\" he said.</p>\n<p>Germany's BioNTech&nbsp;should be able to adapt its coronavirus vaccine relatively quickly in response to the emergence of the Omicron variant, its CEO Ugur Sahin told the Reuters Next conference on Friday.</p>\n<p>South African scientists studying the Omicron outbreak believe symptoms are less severe for those reinfected with COVID-19 by the new variant or infected after vaccination, a top scientist said on Thursday.</p>\n<p>Maria van Kerkhove, the WHO's technical lead on COVID-19, said on Wednesday that the body expected to have more information on the transmissibility of the new Omicron variant \"within days\".</p>\n<p>\"It will still take some time and let's not rush into conclusions here,\" Lindmeier said on Friday.</p>\n<p>\"Preliminary data, and we have said that now since awhile, show that there is higher transmissibility. But that's all that we basically have so far,\" he said.</p>\n<p>Delta remains the dominant variant globally, accounting for more than 90% of infections, Lindmeier said.</p>\n<p>\"So Omicron may be on the rise, and we may come to point where it takes over to be the dominant variant, but at this point the very dominant variant remains Delta,\" he said.</p>\n<p>\"The restrictions that were put into place in many countries just two weeks ago, economic closures again, lockdowns in some areas, closure of Christmas markets in parts of Europe, this was done before Omicron because of a rise in Delta cases.</p>\n<p>Let's not lose sight of this,\" he added.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRK":"默沙东","LLY":"礼来","AZN":"阿斯利康","BNTX":"BioNTech SE","SNY":"赛诺菲安万特","MRNA":"Moderna, Inc.","JNJ":"强生","PFE":"辉瑞","NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177709350","content_text":"GENEVA, Dec 3 (Reuters) - Makers of COVID-19 vaccines should gear up for the \"likelihood\" of needing to adjust their products to protect against the Omicron variant, the World Health Organization's (WHO) spokesperson said on Friday.\nChristian Lindmeier, speaking at a U.N. briefing in Geneva, said the agency was studying the transmissibility and severity of the variant first detected in southern Africa last month.\n\"It is very recommendable that vaccine manufacturers already start planning ahead and plan for the likelihood for having to adjust the existing vaccine,\" he said.\n\"That's good not just to wait until the final alarm bell rings,\" he said.\nGermany's BioNTech should be able to adapt its coronavirus vaccine relatively quickly in response to the emergence of the Omicron variant, its CEO Ugur Sahin told the Reuters Next conference on Friday.\nSouth African scientists studying the Omicron outbreak believe symptoms are less severe for those reinfected with COVID-19 by the new variant or infected after vaccination, a top scientist said on Thursday.\nMaria van Kerkhove, the WHO's technical lead on COVID-19, said on Wednesday that the body expected to have more information on the transmissibility of the new Omicron variant \"within days\".\n\"It will still take some time and let's not rush into conclusions here,\" Lindmeier said on Friday.\n\"Preliminary data, and we have said that now since awhile, show that there is higher transmissibility. But that's all that we basically have so far,\" he said.\nDelta remains the dominant variant globally, accounting for more than 90% of infections, Lindmeier said.\n\"So Omicron may be on the rise, and we may come to point where it takes over to be the dominant variant, but at this point the very dominant variant remains Delta,\" he said.\n\"The restrictions that were put into place in many countries just two weeks ago, economic closures again, lockdowns in some areas, closure of Christmas markets in parts of Europe, this was done before Omicron because of a rise in Delta cases.\nLet's not lose sight of this,\" he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877068385,"gmtCreate":1637844272632,"gmtModify":1637844272686,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/877068385","repostId":"1183589105","repostType":4,"repost":{"id":"1183589105","pubTimestamp":1637830295,"share":"https://www.laohu8.com/m/news/1183589105?lang=&edition=full","pubTime":"2021-11-25 16:51","market":"us","language":"en","title":"Why Allbirds Stock Should Be on Your Watchlist","url":"https://stock-news.laohu8.com/highlight/detail?id=1183589105","media":"Motley Fool","summary":"Since its initial public offering in October, Allbirds  stock has plunged 35%, but investors shouldn","content":"<p>Since its initial public offering in October,&nbsp;<a href=\"https://laohu8.com/S/BIRD\"><b>Allbirds</b>&nbsp;</a>&nbsp;stock has plunged 35%, but investors shouldn't give up just yet. This eco-friendly shoemaker is building a recognizable brand, and its business is trending toward profitability. In this&nbsp;<i>Backstage Pass</i>video,&nbsp;<b>recorded on</b>&nbsp;<b>Nov. 8</b>, Motley Fool analyst Asit Sharma shares his thoughts on Allbirds.</p>\n<p><b>Asit Sharma:</b>This is a shoe made by a company called Allbirds. It is a high-tech shoe. The story behind this company is that a very well-regarded soccer football player in European terms, in New Zealand, a national star, wanted to make a better running shoe. Sheep outnumber humans at a ratio of something like 7-to-1 in New Zealand, so his shoe uses composite materials, part wool, part high-tech materials. Tim Brown, teamed up with an engineer named Joey Zwillinger, to help them design the shoe, which is reminiscent of how Nike got started decades ago. This brand, Allbirds, is an emerging global brand in the sneaker industry. I'm going to run through all this pretty quickly here.</p>\n<p>It is a next-generation runner's shoe. The revenue growth rate of this company is 32%. That's not quarter over quarter, as I presented with&nbsp;<b>UiPath</b>. This is actually a compounded annual growth rate for the last few years, which is pretty fast for a sneaker company.</p>\n<p>It works on a direct-to-consumer plus a store footprint model. They've got about 22 stores globally. The rest is e-commerce. They have a gross margin of 52% -- actually, just for fun, I've lined up the same bullet points that I used with UiPath for totally different type of company -- 52% percent in this case is pretty good. I often talk, if you listen to<i>Industry Focus</i>by any chance, on that show, about manufacturers. Rule of thumb, across different manufacturing industries, you need to get above 50% to be able to scale and show eventual profit on the bottom line if you're a growth company, especially a consumer-facing company that is outsourcing its manufacturing distribution. They do that. So I like that margin profile.</p>\n<p>I talked about these two co-founders, Joey or Joe Zwillinger and Tim Brown, not Tom Brown. Speaking of Freudian slips, I can correct that in real-time, they own 13% of shares. The strategic edge here is brand strength. Don't ignore brand strength. I did this personally with&nbsp;<b>Yeti</b>, which had very similar characteristics to this company, and I thought, \"What is this small upstart challenger brand going to do?\" Yeti is becoming a very well-known brand in its own space. Numerous other examples that I can cite, but really briefly here, just to show you a couple of more things.</p>\n<p>This is their growth rate that I talked about, that 32% annual compounded annual growth rate. Digital is growing at about the same rate because it propels most of the sales. You see here the progression of their gross margin. That expense, I think is going to increase a little bit. They have one statistic that really interests me, in that -- let me see if I can find it really quickly, because I changed this up a little bit for time, I'm omitting some things. Bear with me. I will get it. Here we go. 100% of all their purchasing cohorts have contribution profits that make it profitable within the first month of purchase. What that means is, after you account for the materials, the cost of the shoe, the buying cohorts that come in, 100% of them are contributing positive. Basically, think of it similar to gross margin to this company. Basically, they just have to figure out their fixed cost as they scale. There's a clear path to profitability with the company. Then I will finish up here just by showing you this is pre-IPO. They just went public, had a spectacular debut. I think the stock nearly doubled. Just to show you the balance sheet is pretty solid even before their IPO. You see here there's about $160-odd million of working capital. The company has roughly $200 million in annual revenue.</p>\n<p>Here we go, just looking at the income statement, you can see they're not far from scaling into profitability. This is by choice. They're trying to grab market share.</p>\n<p>This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Allbirds Stock Should Be on Your Watchlist</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\">\nWhy Allbirds Stock Should Be on Your Watchlist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-25 16:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/24/why-allbirds-stock-should-be-on-your-watchlist/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since its initial public offering in October, Allbirds  stock has plunged 35%, but investors shouldn't give up just yet. This eco-friendly shoemaker is building a recognizable brand, and its business ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/24/why-allbirds-stock-should-be-on-your-watchlist/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIRD":"Allbirds, Inc."},"source_url":"https://www.fool.com/investing/2021/11/24/why-allbirds-stock-should-be-on-your-watchlist/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183589105","content_text":"Since its initial public offering in October, Allbirds  stock has plunged 35%, but investors shouldn't give up just yet. This eco-friendly shoemaker is building a recognizable brand, and its business is trending toward profitability. In this Backstage Passvideo, recorded on Nov. 8, Motley Fool analyst Asit Sharma shares his thoughts on Allbirds.\nAsit Sharma:This is a shoe made by a company called Allbirds. It is a high-tech shoe. The story behind this company is that a very well-regarded soccer football player in European terms, in New Zealand, a national star, wanted to make a better running shoe. Sheep outnumber humans at a ratio of something like 7-to-1 in New Zealand, so his shoe uses composite materials, part wool, part high-tech materials. Tim Brown, teamed up with an engineer named Joey Zwillinger, to help them design the shoe, which is reminiscent of how Nike got started decades ago. This brand, Allbirds, is an emerging global brand in the sneaker industry. I'm going to run through all this pretty quickly here.\nIt is a next-generation runner's shoe. The revenue growth rate of this company is 32%. That's not quarter over quarter, as I presented with UiPath. This is actually a compounded annual growth rate for the last few years, which is pretty fast for a sneaker company.\nIt works on a direct-to-consumer plus a store footprint model. They've got about 22 stores globally. The rest is e-commerce. They have a gross margin of 52% -- actually, just for fun, I've lined up the same bullet points that I used with UiPath for totally different type of company -- 52% percent in this case is pretty good. I often talk, if you listen toIndustry Focusby any chance, on that show, about manufacturers. Rule of thumb, across different manufacturing industries, you need to get above 50% to be able to scale and show eventual profit on the bottom line if you're a growth company, especially a consumer-facing company that is outsourcing its manufacturing distribution. They do that. So I like that margin profile.\nI talked about these two co-founders, Joey or Joe Zwillinger and Tim Brown, not Tom Brown. Speaking of Freudian slips, I can correct that in real-time, they own 13% of shares. The strategic edge here is brand strength. Don't ignore brand strength. I did this personally with Yeti, which had very similar characteristics to this company, and I thought, \"What is this small upstart challenger brand going to do?\" Yeti is becoming a very well-known brand in its own space. Numerous other examples that I can cite, but really briefly here, just to show you a couple of more things.\nThis is their growth rate that I talked about, that 32% annual compounded annual growth rate. Digital is growing at about the same rate because it propels most of the sales. You see here the progression of their gross margin. That expense, I think is going to increase a little bit. They have one statistic that really interests me, in that -- let me see if I can find it really quickly, because I changed this up a little bit for time, I'm omitting some things. Bear with me. I will get it. Here we go. 100% of all their purchasing cohorts have contribution profits that make it profitable within the first month of purchase. What that means is, after you account for the materials, the cost of the shoe, the buying cohorts that come in, 100% of them are contributing positive. Basically, think of it similar to gross margin to this company. Basically, they just have to figure out their fixed cost as they scale. There's a clear path to profitability with the company. Then I will finish up here just by showing you this is pre-IPO. They just went public, had a spectacular debut. I think the stock nearly doubled. Just to show you the balance sheet is pretty solid even before their IPO. You see here there's about $160-odd million of working capital. The company has roughly $200 million in annual revenue.\nHere we go, just looking at the income statement, you can see they're not far from scaling into profitability. This is by choice. They're trying to grab market share.\nThis article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874838355,"gmtCreate":1637754171086,"gmtModify":1637754171086,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874838355","repostId":"2185591503","repostType":4,"repost":{"id":"2185591503","weMediaInfo":{"introduction":"Share your news with media, investors, and consumers with targeted distribution options from one of the world’s largest and most trusted newswires.","home_visible":1,"media_name":"GlobeNewswire","id":"1016364462","head_image":"https://static.tigerbbs.com/31bb960c88eab45f27ccc9fce75dee9a"},"pubTimestamp":1637753100,"share":"https://www.laohu8.com/m/news/2185591503?lang=&edition=full","pubTime":"2021-11-24 19:25","market":"us","language":"en","title":"Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2185591503","media":"GlobeNewswire","summary":"BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the ","content":"<p>BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.</p>\n<p>Mr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, “As the largest independent cloud service provider in China, we continue to execute our growth strategies as we strive to ‘become the most trusted cloud partner for our customers, and create the digital future together’. Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”</p>\n<p>Mr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit &amp; Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”</p>\n<p><b>Third Quarter 2021 Financial Results</b></p>\n<p><b>Total Revenues </b>reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.</p>\n<ul>\n <li>Revenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.</li>\n <li>Revenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.</li>\n</ul>\n<ul>\n <li>Other revenues were RMB0.9 million (US$0.1 million).</li>\n <li></li>\n</ul>\n<p>_______________</p>\n<p>1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p>\n<p><b>Cost of revenues </b>was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.</p>\n<p><b>Gross profit </b>decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. <b>Gross margin </b>was 3.7%, compared with 6.5% in the same period in 2020.</p>\n<p><b>Non-GAAP gross profit</b>2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. <b>Non- GAAP gross margin </b>was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.</p>\n<p><b>Selling and marketing expenses </b>were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.</p>\n<p><b>General and administrative expenses </b>were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.</p>\n<p><b>Research and development expenses </b>were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.</p>\n<p>The increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.</p>\n<p></p>\n<p><b>Operating loss </b>was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.</p>\n<p><b>Net loss </b>was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.</p>\n<p><b>Non-GAAP net loss </b>was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.</p>\n<p><b>Non-GAAP EBITDA </b>was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses.&nbsp;<b>Non-GAAP EBITDA margin </b>was -5.8%, compared with -1.5% in the same quarter of 2020.</p>\n<p><b>Basic and diluted net loss per share </b>was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.</p>\n<p><b>Cash and cash equivalents and short-term investments </b>were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.</p>\n<p><b>Outstanding ordinary shares </b>were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.</p>\n<p>_______________</p>\n<p>2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.</p>\n<p><b><u>Business Outlook</u></b></p>\n<p>For the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.</p>\n<p><b><u>Conference Call Information</u></b></p>\n<p>The Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.</p>\n<p>Participants can register for the conference call by navigating to <u>htt</u>p://a<u>pac.directeventreg.com/registration/event/3224539.</u> Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.</p>\n<p>To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.</p>\n<p>A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:</p>\n<p>International: +61-2-8199-0299</p>\n<p>U.S. Toll Free: +1-855-452-5696</p>\n<p>Mainland China Toll Free: 800-870-0206</p>\n<p>Hong Kong Toll Free: 800-963-117</p>\n<p>Conference ID: 3224539</p>\n<p>A live and archived webcast of the conference call will also be available at the Company’s investor relations website at <u>htt</u>p://ir.ks<u>yun.com/.</u></p>\n<p><b><u>Use of Non-GAAP Financial Measures</u></b></p>\n<p>The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define&nbsp;Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.</p>\n<p>These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.</p>\n<p>We compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.</p>\n<p><b><u>Exchan</u></b><b>g</b><b><u>e Rate Information</u></b></p>\n<p>This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p>\n<p><b><u>Safe Harbor Statement</u></b></p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p>\n<p><b><u>About Kingsoft Cloud Holdings Limited</u></b></p>\n<p>Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.</p>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"7\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>(All amounts in thousands)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Dec 31,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>ASSETS</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Current assets:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Cash and cash equivalents</td>\n   <td>3,424,674</td>\n   <td></td>\n   <td>3,444,174</td>\n   <td></td>\n   <td>534,527</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Restricted cash</td>\n   <td>—</td>\n   <td></td>\n   <td>150,593</td>\n   <td></td>\n   <td>23,372</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accounts receivable, net</td>\n   <td>2,334,871</td>\n   <td></td>\n   <td>4,431,060</td>\n   <td></td>\n   <td>687,690</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Short-term investments</td>\n   <td>2,693,019</td>\n   <td></td>\n   <td>2,550,488</td>\n   <td></td>\n   <td>395,830</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Prepayments and other assets</td>\n   <td>887,086</td>\n   <td></td>\n   <td>1,127,668</td>\n   <td></td>\n   <td>175,011</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due from related parties</td>\n   <td>205,068</td>\n   <td></td>\n   <td>270,572</td>\n   <td></td>\n   <td>41,992</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total current assets</b></td>\n   <td><b>9,544,718</b></td>\n   <td></td>\n   <td><b>11,974,555</b></td>\n   <td></td>\n   <td><b>1,858,422</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Non-current assets:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Property and equipment, net</td>\n   <td>1,956,790</td>\n   <td></td>\n   <td>2,058,794</td>\n   <td></td>\n   <td>319,520</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Intangible assets, net</td>\n   <td>16,573</td>\n   <td></td>\n   <td>1,252,198</td>\n   <td></td>\n   <td>194,338</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Prepayments and other assets</td>\n   <td>11,824</td>\n   <td></td>\n   <td>49,291</td>\n   <td></td>\n   <td>7,650</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Equity investments</td>\n   <td>126,583</td>\n   <td></td>\n   <td>88,757</td>\n   <td></td>\n   <td>13,775</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Goodwill</td>\n   <td>-</td>\n   <td></td>\n   <td>4,402,568</td>\n   <td></td>\n   <td>683,268</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due from related parties</td>\n   <td>5,758</td>\n   <td></td>\n   <td>5,758</td>\n   <td></td>\n   <td>894</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Operating lease right-of-use assets</td>\n   <td>266,968</td>\n   <td></td>\n   <td>257,153</td>\n   <td></td>\n   <td>39,910</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Deferred tax assets</td>\n   <td>—</td>\n   <td></td>\n   <td>16,515</td>\n   <td></td>\n   <td>2,563</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total non-current assets</b></td>\n   <td><b>2,384,496</b></td>\n   <td></td>\n   <td><b>8,131,034</b></td>\n   <td></td>\n   <td><b>1,261,918</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total assets</b></td>\n   <td><b>11,929,214</b></td>\n   <td></td>\n   <td><b>20,105,589</b></td>\n   <td></td>\n   <td><b>3,120,340</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>LIABILITIES AND SHAREHOLDERS’ EQUITY</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Current liabilities:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Short-term bank loans</td>\n   <td>278,488</td>\n   <td></td>\n   <td>901,455</td>\n   <td></td>\n   <td>139,904</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accounts payable</td>\n   <td>2,057,355</td>\n   <td></td>\n   <td>3,151,825</td>\n   <td></td>\n   <td>489,156</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accrued expenses and other current liabilities</td>\n   <td>845,374</td>\n   <td></td>\n   <td>1,458,523</td>\n   <td></td>\n   <td>226,359</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Long-term bank loan, current portion</td>\n   <td>74,351.00</td>\n   <td></td>\n   <td>—</td>\n   <td></td>\n   <td>—</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Income tax payable</td>\n   <td>20,564</td>\n   <td></td>\n   <td>79,673</td>\n   <td></td>\n   <td>12,365</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due to related parties</td>\n   <td>112,998</td>\n   <td></td>\n   <td>263,930</td>\n   <td></td>\n   <td>40,961</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Current operating lease liabilities</td>\n   <td>76,469</td>\n   <td></td>\n   <td>74,638</td>\n   <td></td>\n   <td>11,584</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total current liabilities</b></td>\n   <td><b>3,465,599</b></td>\n   <td></td>\n   <td><b>5,930,044</b></td>\n   <td></td>\n   <td><b>920,329</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Non-current liabilities:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Deferred tax liabilities</td>\n   <td>29</td>\n   <td></td>\n   <td>251,081</td>\n   <td></td>\n   <td>38,967</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due to related parties</td>\n   <td>—</td>\n   <td></td>\n   <td>425,762</td>\n   <td></td>\n   <td>66,077</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Other liabilities</td>\n   <td>40,578</td>\n   <td></td>\n   <td>1,256,123</td>\n   <td></td>\n   <td>194,947</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Non-current operating lease liabilities</td>\n   <td>182,958</td>\n   <td></td>\n   <td>181,622</td>\n   <td></td>\n   <td>28,187</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total non-current liabilities</b></td>\n   <td><b>223,565</b></td>\n   <td></td>\n   <td><b>2,114,588</b></td>\n   <td></td>\n   <td><b>328,178</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total liabilities</b></td>\n   <td><b>3,689,164</b></td>\n   <td></td>\n   <td><b>8,044,632</b></td>\n   <td></td>\n   <td><b>1,248,507</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Shareholders’ equity:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Ordinary shares</td>\n   <td>22,801</td>\n   <td></td>\n   <td>24,645</td>\n   <td></td>\n   <td>3,825</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Additional paid-in capital</td>\n   <td>14,149,984</td>\n   <td></td>\n   <td>18,112,182</td>\n   <td></td>\n   <td>2,810,968</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accumulated deficit</td>\n   <td>(5,864,356</td>\n   <td>)</td>\n   <td>(6,980,829</td>\n   <td>)</td>\n   <td>(1,083,408</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Accumulated other comprehensive loss</td>\n   <td>(68,440</td>\n   <td>)</td>\n   <td>(88,882</td>\n   <td>)</td>\n   <td>(13,794</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Total Kingsoft Cloud Holdings Limited shareholders’ equity</b></td>\n   <td><b>8,239,989</b></td>\n   <td></td>\n   <td><b>11,067,116</b></td>\n   <td></td>\n   <td><b>1,717,591</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Noncontrolling interests</td>\n   <td>61</td>\n   <td></td>\n   <td>993,841</td>\n   <td></td>\n   <td>154,242</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total equity</b></td>\n   <td><b>8,240,050</b></td>\n   <td></td>\n   <td><b>12,060,957</b></td>\n   <td></td>\n   <td><b>1,871,833</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total liabilities and shareholders’ equity</b></td>\n   <td><b>11,929,214</b></td>\n   <td></td>\n   <td><b>20,105,589</b></td>\n   <td></td>\n   <td><b>3,120,340</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<p>For the business combinations occurred during the period, the Company is in the process of finalizing valuations of the net identifiable assets acquired. As the Company receives additional information during the measurement period, the fair values assigned to the assets and liabilities may be adjusted.</p>\n<p></p>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"17\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"17\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"17\"><b>(All amounts in thousands, except for share and per share data)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"8\"><b>Three Months Ended</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"6\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>March 31,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Jun 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Revenues:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Public cloud services</td>\n   <td>1,309,693</td>\n   <td></td>\n   <td>1,391,833</td>\n   <td></td>\n   <td>1,550,777</td>\n   <td></td>\n   <td>1,685,999</td>\n   <td></td>\n   <td>261,663</td>\n   <td></td>\n   <td>3,805,346</td>\n   <td></td>\n   <td>4,628,609</td>\n   <td></td>\n   <td>718,349</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Enterprise cloud services</td>\n   <td>409,101</td>\n   <td></td>\n   <td>420,032</td>\n   <td></td>\n   <td>622,145</td>\n   <td></td>\n   <td>726,865</td>\n   <td></td>\n   <td>112,808</td>\n   <td></td>\n   <td>836,769</td>\n   <td></td>\n   <td>1,769,042</td>\n   <td></td>\n   <td>274,551</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Others</td>\n   <td>10,049</td>\n   <td></td>\n   <td>1,667</td>\n   <td></td>\n   <td>765</td>\n   <td></td>\n   <td>971</td>\n   <td></td>\n   <td>151</td>\n   <td></td>\n   <td>12,446</td>\n   <td></td>\n   <td>3,403</td>\n   <td></td>\n   <td>528</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total revenues</b></td>\n   <td><b>1,728,843</b></td>\n   <td></td>\n   <td><b>1,813,532</b></td>\n   <td></td>\n   <td><b>2,173,687</b></td>\n   <td></td>\n   <td><b>2,413,835</b></td>\n   <td></td>\n   <td><b>374,622</b></td>\n   <td></td>\n   <td><b>4,654,561</b></td>\n   <td></td>\n   <td><b>6,401,054</b></td>\n   <td></td>\n   <td><b>993,428</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Cost of revenues</td>\n   <td>(1,615,945</td>\n   <td>)</td>\n   <td>(1,697,029</td>\n   <td>)</td>\n   <td>(2,055,205</td>\n   <td>)</td>\n   <td>(2,325,423</td>\n   <td>)</td>\n   <td>(360,900</td>\n   <td>)</td>\n   <td>(4,390,148</td>\n   <td>)</td>\n   <td>(6,077,657</td>\n   <td>)</td>\n   <td>(943,238</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Gross profit </b></td>\n   <td><b>112,898</b></td>\n   <td></td>\n   <td><b>116,503</b></td>\n   <td></td>\n   <td><b>118,482</b></td>\n   <td></td>\n   <td><b>88,412</b></td>\n   <td></td>\n   <td><b>13,722</b></td>\n   <td></td>\n   <td><b>264,413</b></td>\n   <td></td>\n   <td><b>323,397</b></td>\n   <td></td>\n   <td><b>50,190</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Operating expenses:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Selling and marketing expenses</td>\n   <td>(96,802</td>\n   <td>)</td>\n   <td>(112,826</td>\n   <td>)</td>\n   <td>(96,058</td>\n   <td>)</td>\n   <td>(132,202</td>\n   <td>)</td>\n   <td>(20,517</td>\n   <td>)</td>\n   <td>(294,545</td>\n   <td>)</td>\n   <td>(341,086</td>\n   <td>)</td>\n   <td>(52,936</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>General and administrative expenses</td>\n   <td>(91,338</td>\n   <td>)</td>\n   <td>(91,177</td>\n   <td>)</td>\n   <td>(110,637</td>\n   <td>)</td>\n   <td>(156,573</td>\n   <td>)</td>\n   <td>(24,300</td>\n   <td>)</td>\n   <td>(337,736</td>\n   <td>)</td>\n   <td>(358,387</td>\n   <td>)</td>\n   <td>(55,621</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Research and development expenses</td>\n   <td>(167,590</td>\n   <td>)</td>\n   <td>(264,636</td>\n   <td>)</td>\n   <td>(232,252</td>\n   <td>)</td>\n   <td>(268,721</td>\n   <td>)</td>\n   <td>(41,705</td>\n   <td>)</td>\n   <td>(594,068</td>\n   <td>)</td>\n   <td>(765,609</td>\n   <td>)</td>\n   <td>(118,821</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Total operating expenses</b></td>\n   <td><b>(355,730</b></td>\n   <td><b>)</b></td>\n   <td><b>(468,639</b></td>\n   <td><b>)</b></td>\n   <td><b>(438,947</b></td>\n   <td><b>)</b></td>\n   <td><b>(557,496</b></td>\n   <td><b>)</b></td>\n   <td><b>(86,522</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,226,349</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,465,082</b></td>\n   <td><b>)</b></td>\n   <td><b>(227,378</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td><b>Operating loss</b></td>\n   <td><b>(242,832</b></td>\n   <td><b>)</b></td>\n   <td><b>(352,136</b></td>\n   <td><b>)</b></td>\n   <td><b>(320,465</b></td>\n   <td><b>)</b></td>\n   <td><b>(469,084</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,800</b></td>\n   <td><b>)</b></td>\n   <td><b>(961,936</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,141,685</b></td>\n   <td><b>)</b></td>\n   <td><b>(177,188</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Interest income</td>\n   <td>24,414</td>\n   <td></td>\n   <td>17,746</td>\n   <td></td>\n   <td>18,927</td>\n   <td></td>\n   <td>14,668</td>\n   <td></td>\n   <td>2,276</td>\n   <td></td>\n   <td>55,446</td>\n   <td></td>\n   <td>51,341</td>\n   <td></td>\n   <td>7,968</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Interest expense</td>\n   <td>(3,940</td>\n   <td>)</td>\n   <td>(3,866</td>\n   <td>)</td>\n   <td>(6,689</td>\n   <td>)</td>\n   <td>(14,277</td>\n   <td>)</td>\n   <td>(2,216</td>\n   <td>)</td>\n   <td>(7,615</td>\n   <td>)</td>\n   <td>(24,832</td>\n   <td>)</td>\n   <td>(3,854</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Foreign exchange gain (loss)</td>\n   <td>117,714</td>\n   <td></td>\n   <td>(48,375</td>\n   <td>)</td>\n   <td>71,277</td>\n   <td></td>\n   <td>(32,443</td>\n   <td>)</td>\n   <td>(5,035</td>\n   <td>)</td>\n   <td>74,687</td>\n   <td></td>\n   <td>(9,541</td>\n   <td>)</td>\n   <td>(1,481</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Other gain</td>\n   <td>2,825</td>\n   <td></td>\n   <td>5,782</td>\n   <td></td>\n   <td>15,357</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>3,023</td>\n   <td></td>\n   <td>21,139</td>\n   <td></td>\n   <td>3,281</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Other income (expense), net</td>\n   <td>515</td>\n   <td></td>\n   <td>1,926</td>\n   <td></td>\n   <td>4,464</td>\n   <td></td>\n   <td>(596</td>\n   <td>)</td>\n   <td>(92</td>\n   <td>)</td>\n   <td>(9,086</td>\n   <td>)</td>\n   <td>5,794</td>\n   <td></td>\n   <td>899</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Loss before income taxes</b></td>\n   <td><b>(101,304</b></td>\n   <td><b>)</b></td>\n   <td><b>(378,923</b></td>\n   <td><b>)</b></td>\n   <td><b>(217,129</b></td>\n   <td><b>)</b></td>\n   <td><b>(501,732</b></td>\n   <td><b>)</b></td>\n   <td><b>(77,867</b></td>\n   <td><b>)</b></td>\n   <td><b>(845,481</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,097,784</b></td>\n   <td><b>)</b></td>\n   <td><b>(170,375</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Income tax expense</td>\n   <td>(4,033</td>\n   <td>)</td>\n   <td>(3,286</td>\n   <td>)</td>\n   <td>(3,469</td>\n   <td>)</td>\n   <td>(5,004</td>\n   <td>)</td>\n   <td>(777</td>\n   <td>)</td>\n   <td>(11,559</td>\n   <td>)</td>\n   <td>(11,759</td>\n   <td>)</td>\n   <td>(1,825</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Net loss</b></td>\n   <td><b>(105,337</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,209</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,598</b></td>\n   <td><b>)</b></td>\n   <td><b>(506,736</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,644</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,040</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,109,543</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,200</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Less: net income (loss) attributable to noncontrolling interests</td>\n   <td>196</td>\n   <td></td>\n   <td>255</td>\n   <td></td>\n   <td>(244</td>\n   <td>)</td>\n   <td>1,232</td>\n   <td></td>\n   <td>191</td>\n   <td></td>\n   <td>7</td>\n   <td></td>\n   <td>1,243</td>\n   <td></td>\n   <td>193</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Net loss attributable to Kingsoft Cloud Holdings Limited</b></td>\n   <td><b>(105,533</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,464</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,354</b></td>\n   <td><b>)</b></td>\n   <td><b>(507,968</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,835</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,047</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,110,786</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,393</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(19,768</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Net loss attributable to ordinary shareholders</b></td>\n   <td><b>(105,533</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,464</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,354</b></td>\n   <td><b>)</b></td>\n   <td><b>(507,968</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,835</b></td>\n   <td><b>)</b></td>\n   <td><b>(876,815</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,110,786</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,393</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Net loss per share:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Basic and diluted</td>\n   <td>(0.03</td>\n   <td>)</td>\n   <td>(0.11</td>\n   <td>)</td>\n   <td>(0.07</td>\n   <td>)</td>\n   <td>(0.15</td>\n   <td>)</td>\n   <td>(0.02</td>\n   <td>)</td>\n   <td>(0.42</td>\n   <td>)</td>\n   <td>(0.33</td>\n   <td>)</td>\n   <td>(0.05</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Shares used in the net loss per share computation:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Basic and diluted</td>\n   <td>3,153,524,558</td>\n   <td></td>\n   <td>3,343,336,997</td>\n   <td></td>\n   <td>3,351,178,745</td>\n   <td></td>\n   <td>3,437,397,527</td>\n   <td></td>\n   <td>3,437,397,527</td>\n   <td></td>\n   <td>2,098,997,211</td>\n   <td></td>\n   <td>3,377,952,450</td>\n   <td></td>\n   <td>3,377,952,450</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Other comprehensive (loss) income, net of tax of nil:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Foreign currency translation adjustments</td>\n   <td>(277,166</td>\n   <td>)</td>\n   <td>70,773</td>\n   <td></td>\n   <td>(132,888</td>\n   <td>)</td>\n   <td>41,673</td>\n   <td></td>\n   <td>6,468</td>\n   <td></td>\n   <td>(225,134</td>\n   <td>)</td>\n   <td>(20,442</td>\n   <td>)</td>\n   <td>(3,173</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss</b></td>\n   <td><b>(382,503</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,436</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,486</b></td>\n   <td><b>)</b></td>\n   <td><b>(465,063</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,176</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,082,174</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,129,985</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,373</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td>\n   <td>196</td>\n   <td></td>\n   <td>255</td>\n   <td></td>\n   <td>(244</td>\n   <td>)</td>\n   <td>1,232</td>\n   <td></td>\n   <td>191</td>\n   <td></td>\n   <td>7</td>\n   <td></td>\n   <td>1,243</td>\n   <td></td>\n   <td>193</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders</b></td>\n   <td><b>(382,699</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,691</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,242</b></td>\n   <td><b>)</b></td>\n   <td><b>(466,295</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,367</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,082,181</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,131,228</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,566</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(19,768</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss attributable to ordinary shareholders</b></td>\n   <td><b>(382,699</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,691</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,242</b></td>\n   <td><b>)</b></td>\n   <td><b>(466,295</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,367</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,101,949</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,131,228</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,566</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"8\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"8\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"8\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"5\"><b>Three Months Ended</b></td>\n   <td colspan=\"3\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Gross profit</b></td>\n   <td><b>112,898</b></td>\n   <td><b>116,503</b></td>\n   <td><b>118,482</b></td>\n   <td><b>88,412</b></td>\n   <td><b>13,722</b></td>\n   <td><b>264,413</b></td>\n   <td><b>323,397</b></td>\n   <td><b>50,190</b></td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Share-based compensation expenses</td>\n   <td>1,858</td>\n   <td>5,499</td>\n   <td>2,961</td>\n   <td>3,741</td>\n   <td>581</td>\n   <td>8,293</td>\n   <td>12,201</td>\n   <td>1,894</td>\n  </tr>\n  <tr>\n   <td>Adjusted gross profit</td>\n   <td>114,756</td>\n   <td>122,002</td>\n   <td>121,443</td>\n   <td>92,153</td>\n   <td>14,303</td>\n   <td>272,706</td>\n   <td>335,598</td>\n   <td>52,084</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"6\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"3\"><b>Three Months Ended</b></td>\n   <td></td>\n   <td colspan=\"2\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td><b>Gross margin</b></td>\n   <td><b>6.5%</b></td>\n   <td><b>6.4%</b></td>\n   <td><b>5.5%</b></td>\n   <td><b>3.7%</b></td>\n   <td><b>5.7%</b></td>\n   <td><b>5.1%</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted gross margin</b></td>\n   <td><b>6.6%</b></td>\n   <td><b>6.7%</b></td>\n   <td><b>5.6%</b></td>\n   <td><b>3.8%</b></td>\n   <td><b>5.9%</b></td>\n   <td><b>5.2%</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"15\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"15\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"15\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"10\"><b>Three Months Ended</b></td>\n   <td colspan=\"6\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>March 31,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Jun 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Net Loss</b></td>\n   <td><b>(105,337</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,209</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,598</b></td>\n   <td><b>)</b></td>\n   <td><b>(506,736</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,644</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,040</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,109,543</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,200</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>– Share-based compensation expenses</td>\n   <td>57,339</td>\n   <td></td>\n   <td>123,113</td>\n   <td></td>\n   <td>76,092</td>\n   <td></td>\n   <td>110,006</td>\n   <td></td>\n   <td>17,073</td>\n   <td></td>\n   <td>275,571</td>\n   <td></td>\n   <td>309,211</td>\n   <td></td>\n   <td>47,989</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Foreign exchange (gain) loss</td>\n   <td>(117,714</td>\n   <td>)</td>\n   <td>48,375</td>\n   <td></td>\n   <td>(71,277</td>\n   <td>)</td>\n   <td>32,443</td>\n   <td></td>\n   <td>5,035</td>\n   <td></td>\n   <td>(74,687</td>\n   <td>)</td>\n   <td>9,541</td>\n   <td></td>\n   <td>1,481</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Other gain</td>\n   <td>(2,825</td>\n   <td>)</td>\n   <td>(5,782</td>\n   <td>)</td>\n   <td>(15,357</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(3,023</td>\n   <td>)</td>\n   <td>(21,139</td>\n   <td>)</td>\n   <td>(3,281</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>– Other (income) expense, net</td>\n   <td>(515</td>\n   <td>)</td>\n   <td>(1,926</td>\n   <td>)</td>\n   <td>(4,464</td>\n   <td>)</td>\n   <td>596</td>\n   <td></td>\n   <td>92</td>\n   <td></td>\n   <td>9,086</td>\n   <td></td>\n   <td>(5,794</td>\n   <td>)</td>\n   <td>(899</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Adjusted net loss</td>\n   <td>(169,052</td>\n   <td>)</td>\n   <td>(218,429</td>\n   <td>)</td>\n   <td>(235,604</td>\n   <td>)</td>\n   <td>(363,691</td>\n   <td>)</td>\n   <td>(56,444</td>\n   <td>)</td>\n   <td>(650,093</td>\n   <td>)</td>\n   <td>(817,724</td>\n   <td>)</td>\n   <td>(126,910</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>– Interest income</td>\n   <td>(24,414</td>\n   <td>)</td>\n   <td>(17,746</td>\n   <td>)</td>\n   <td>(18,927</td>\n   <td>)</td>\n   <td>(14,668</td>\n   <td>)</td>\n   <td>(2,276</td>\n   <td>)</td>\n   <td>(55,446</td>\n   <td>)</td>\n   <td>(51,341</td>\n   <td>)</td>\n   <td>(7,968</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>– Interest expense</td>\n   <td>3,940</td>\n   <td></td>\n   <td>3,866</td>\n   <td></td>\n   <td>6,689</td>\n   <td></td>\n   <td>14,277</td>\n   <td></td>\n   <td>2,216</td>\n   <td></td>\n   <td>7,615</td>\n   <td></td>\n   <td>24,832</td>\n   <td></td>\n   <td>3,854</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Income tax expense</td>\n   <td>4,033</td>\n   <td></td>\n   <td>3,286</td>\n   <td></td>\n   <td>3,469</td>\n   <td></td>\n   <td>5,004</td>\n   <td></td>\n   <td>777</td>\n   <td></td>\n   <td>11,559</td>\n   <td></td>\n   <td>11,759</td>\n   <td></td>\n   <td>1,825</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Depreciation and amortization</td>\n   <td>159,199</td>\n   <td></td>\n   <td>180,466</td>\n   <td></td>\n   <td>189,123</td>\n   <td></td>\n   <td>218,450</td>\n   <td></td>\n   <td>33,903</td>\n   <td></td>\n   <td>584,788</td>\n   <td></td>\n   <td>588,039</td>\n   <td></td>\n   <td>91,262</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Adjusted EBITDA</td>\n   <td>(26,294</td>\n   <td>)</td>\n   <td>(48,557</td>\n   <td>)</td>\n   <td>(55,250</td>\n   <td>)</td>\n   <td>(140,628</td>\n   <td>)</td>\n   <td>(21,824</td>\n   <td>)</td>\n   <td>(101,577</td>\n   <td>)</td>\n   <td>(244,435</td>\n   <td>)</td>\n   <td>(37,937</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"6\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"4\"><b>Three Months Ended</b></td>\n   <td colspan=\"2\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td><b>Net loss margin</b></td>\n   <td><b>(6.1%)</b></td>\n   <td><b>(21.1%)</b></td>\n   <td><b>(10.1%)</b></td>\n   <td><b>(21.0%)</b></td>\n   <td><b>(18.4%)</b></td>\n   <td><b>(17.3%)</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted net loss margin</b></td>\n   <td><b>(9.8%)</b></td>\n   <td><b>(12.0%)</b></td>\n   <td><b>(10.8%)</b></td>\n   <td><b>(15.1%)</b></td>\n   <td><b>(14.0%)</b></td>\n   <td><b>(12.8%)</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted EBITDA margin</b></td>\n   <td><b>(1.5%)</b></td>\n   <td><b>(2.7%)</b></td>\n   <td><b>(2.5%)</b></td>\n   <td><b>(5.8%)</b></td>\n   <td><b>(2.2%)</b></td>\n   <td><b>(3.8%)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"5\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"5\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"5\"><b>(All amounts in thousands)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"4\"><b>Three Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash (used in) generated from operating activities</b></td>\n   <td><b>(103,510</b></td>\n   <td><b>)</b></td>\n   <td><b>13,926</b></td>\n   <td><b>2,161</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash (used in) generated from investing activities</b></td>\n   <td><b>(1,037,103</b></td>\n   <td><b>)</b></td>\n   <td><b>99,442</b></td>\n   <td><b>15,433</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash generated from financing activities</b></td>\n   <td><b>1,770,098</b></td>\n   <td></td>\n   <td><b>526,164</b></td>\n   <td><b>81,659</b></td>\n  </tr>\n  <tr>\n   <td>Effect of exchange rate changes on cash, cash equivalents and restricted cash</td>\n   <td>(73,469</td>\n   <td>)</td>\n   <td>616</td>\n   <td>96</td>\n  </tr>\n  <tr>\n   <td>Net increase in cash, cash equivalents and restricted cash</td>\n   <td>629,485</td>\n   <td></td>\n   <td>639,532</td>\n   <td>99,253</td>\n  </tr>\n  <tr>\n   <td>Cash, cash equivalents and restricted cash at beginning of period</td>\n   <td>3,310,487</td>\n   <td></td>\n   <td>2,954,619</td>\n   <td>458,550</td>\n  </tr>\n  <tr>\n   <td><b>Cash, cash equivalents and restricted cash at end of period</b></td>\n   <td><b>3,866,503</b></td>\n   <td></td>\n   <td><b>3,594,767</b></td>\n   <td><b>557,899</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>","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>Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016364462\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/31bb960c88eab45f27ccc9fce75dee9a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">GlobeNewswire </p>\n<p class=\"h-time\">2021-11-24 19:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.</p>\n<p>Mr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, “As the largest independent cloud service provider in China, we continue to execute our growth strategies as we strive to ‘become the most trusted cloud partner for our customers, and create the digital future together’. Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”</p>\n<p>Mr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit &amp; Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”</p>\n<p><b>Third Quarter 2021 Financial Results</b></p>\n<p><b>Total Revenues </b>reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.</p>\n<ul>\n <li>Revenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.</li>\n <li>Revenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.</li>\n</ul>\n<ul>\n <li>Other revenues were RMB0.9 million (US$0.1 million).</li>\n <li></li>\n</ul>\n<p>_______________</p>\n<p>1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p>\n<p><b>Cost of revenues </b>was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.</p>\n<p><b>Gross profit </b>decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. <b>Gross margin </b>was 3.7%, compared with 6.5% in the same period in 2020.</p>\n<p><b>Non-GAAP gross profit</b>2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. <b>Non- GAAP gross margin </b>was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.</p>\n<p><b>Selling and marketing expenses </b>were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.</p>\n<p><b>General and administrative expenses </b>were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.</p>\n<p><b>Research and development expenses </b>were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.</p>\n<p>The increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.</p>\n<p></p>\n<p><b>Operating loss </b>was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.</p>\n<p><b>Net loss </b>was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.</p>\n<p><b>Non-GAAP net loss </b>was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.</p>\n<p><b>Non-GAAP EBITDA </b>was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses.&nbsp;<b>Non-GAAP EBITDA margin </b>was -5.8%, compared with -1.5% in the same quarter of 2020.</p>\n<p><b>Basic and diluted net loss per share </b>was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.</p>\n<p><b>Cash and cash equivalents and short-term investments </b>were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.</p>\n<p><b>Outstanding ordinary shares </b>were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.</p>\n<p>_______________</p>\n<p>2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.</p>\n<p><b><u>Business Outlook</u></b></p>\n<p>For the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.</p>\n<p><b><u>Conference Call Information</u></b></p>\n<p>The Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.</p>\n<p>Participants can register for the conference call by navigating to <u>htt</u>p://a<u>pac.directeventreg.com/registration/event/3224539.</u> Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.</p>\n<p>To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.</p>\n<p>A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:</p>\n<p>International: +61-2-8199-0299</p>\n<p>U.S. Toll Free: +1-855-452-5696</p>\n<p>Mainland China Toll Free: 800-870-0206</p>\n<p>Hong Kong Toll Free: 800-963-117</p>\n<p>Conference ID: 3224539</p>\n<p>A live and archived webcast of the conference call will also be available at the Company’s investor relations website at <u>htt</u>p://ir.ks<u>yun.com/.</u></p>\n<p><b><u>Use of Non-GAAP Financial Measures</u></b></p>\n<p>The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define&nbsp;Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.</p>\n<p>These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.</p>\n<p>We compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.</p>\n<p><b><u>Exchan</u></b><b>g</b><b><u>e Rate Information</u></b></p>\n<p>This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p>\n<p><b><u>Safe Harbor Statement</u></b></p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p>\n<p><b><u>About Kingsoft Cloud Holdings Limited</u></b></p>\n<p>Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.</p>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"7\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"7\"><b>(All amounts in thousands)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Dec 31,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>ASSETS</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Current assets:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Cash and cash equivalents</td>\n   <td>3,424,674</td>\n   <td></td>\n   <td>3,444,174</td>\n   <td></td>\n   <td>534,527</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Restricted cash</td>\n   <td>—</td>\n   <td></td>\n   <td>150,593</td>\n   <td></td>\n   <td>23,372</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accounts receivable, net</td>\n   <td>2,334,871</td>\n   <td></td>\n   <td>4,431,060</td>\n   <td></td>\n   <td>687,690</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Short-term investments</td>\n   <td>2,693,019</td>\n   <td></td>\n   <td>2,550,488</td>\n   <td></td>\n   <td>395,830</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Prepayments and other assets</td>\n   <td>887,086</td>\n   <td></td>\n   <td>1,127,668</td>\n   <td></td>\n   <td>175,011</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due from related parties</td>\n   <td>205,068</td>\n   <td></td>\n   <td>270,572</td>\n   <td></td>\n   <td>41,992</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total current assets</b></td>\n   <td><b>9,544,718</b></td>\n   <td></td>\n   <td><b>11,974,555</b></td>\n   <td></td>\n   <td><b>1,858,422</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Non-current assets:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Property and equipment, net</td>\n   <td>1,956,790</td>\n   <td></td>\n   <td>2,058,794</td>\n   <td></td>\n   <td>319,520</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Intangible assets, net</td>\n   <td>16,573</td>\n   <td></td>\n   <td>1,252,198</td>\n   <td></td>\n   <td>194,338</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Prepayments and other assets</td>\n   <td>11,824</td>\n   <td></td>\n   <td>49,291</td>\n   <td></td>\n   <td>7,650</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Equity investments</td>\n   <td>126,583</td>\n   <td></td>\n   <td>88,757</td>\n   <td></td>\n   <td>13,775</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Goodwill</td>\n   <td>-</td>\n   <td></td>\n   <td>4,402,568</td>\n   <td></td>\n   <td>683,268</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due from related parties</td>\n   <td>5,758</td>\n   <td></td>\n   <td>5,758</td>\n   <td></td>\n   <td>894</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Operating lease right-of-use assets</td>\n   <td>266,968</td>\n   <td></td>\n   <td>257,153</td>\n   <td></td>\n   <td>39,910</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Deferred tax assets</td>\n   <td>—</td>\n   <td></td>\n   <td>16,515</td>\n   <td></td>\n   <td>2,563</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total non-current assets</b></td>\n   <td><b>2,384,496</b></td>\n   <td></td>\n   <td><b>8,131,034</b></td>\n   <td></td>\n   <td><b>1,261,918</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total assets</b></td>\n   <td><b>11,929,214</b></td>\n   <td></td>\n   <td><b>20,105,589</b></td>\n   <td></td>\n   <td><b>3,120,340</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>LIABILITIES AND SHAREHOLDERS’ EQUITY</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Current liabilities:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Short-term bank loans</td>\n   <td>278,488</td>\n   <td></td>\n   <td>901,455</td>\n   <td></td>\n   <td>139,904</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accounts payable</td>\n   <td>2,057,355</td>\n   <td></td>\n   <td>3,151,825</td>\n   <td></td>\n   <td>489,156</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accrued expenses and other current liabilities</td>\n   <td>845,374</td>\n   <td></td>\n   <td>1,458,523</td>\n   <td></td>\n   <td>226,359</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Long-term bank loan, current portion</td>\n   <td>74,351.00</td>\n   <td></td>\n   <td>—</td>\n   <td></td>\n   <td>—</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Income tax payable</td>\n   <td>20,564</td>\n   <td></td>\n   <td>79,673</td>\n   <td></td>\n   <td>12,365</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due to related parties</td>\n   <td>112,998</td>\n   <td></td>\n   <td>263,930</td>\n   <td></td>\n   <td>40,961</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Current operating lease liabilities</td>\n   <td>76,469</td>\n   <td></td>\n   <td>74,638</td>\n   <td></td>\n   <td>11,584</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total current liabilities</b></td>\n   <td><b>3,465,599</b></td>\n   <td></td>\n   <td><b>5,930,044</b></td>\n   <td></td>\n   <td><b>920,329</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Non-current liabilities:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Deferred tax liabilities</td>\n   <td>29</td>\n   <td></td>\n   <td>251,081</td>\n   <td></td>\n   <td>38,967</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Amounts due to related parties</td>\n   <td>—</td>\n   <td></td>\n   <td>425,762</td>\n   <td></td>\n   <td>66,077</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Other liabilities</td>\n   <td>40,578</td>\n   <td></td>\n   <td>1,256,123</td>\n   <td></td>\n   <td>194,947</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Non-current operating lease liabilities</td>\n   <td>182,958</td>\n   <td></td>\n   <td>181,622</td>\n   <td></td>\n   <td>28,187</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total non-current liabilities</b></td>\n   <td><b>223,565</b></td>\n   <td></td>\n   <td><b>2,114,588</b></td>\n   <td></td>\n   <td><b>328,178</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total liabilities</b></td>\n   <td><b>3,689,164</b></td>\n   <td></td>\n   <td><b>8,044,632</b></td>\n   <td></td>\n   <td><b>1,248,507</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Shareholders’ equity:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Ordinary shares</td>\n   <td>22,801</td>\n   <td></td>\n   <td>24,645</td>\n   <td></td>\n   <td>3,825</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Additional paid-in capital</td>\n   <td>14,149,984</td>\n   <td></td>\n   <td>18,112,182</td>\n   <td></td>\n   <td>2,810,968</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Accumulated deficit</td>\n   <td>(5,864,356</td>\n   <td>)</td>\n   <td>(6,980,829</td>\n   <td>)</td>\n   <td>(1,083,408</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Accumulated other comprehensive loss</td>\n   <td>(68,440</td>\n   <td>)</td>\n   <td>(88,882</td>\n   <td>)</td>\n   <td>(13,794</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Total Kingsoft Cloud Holdings Limited shareholders’ equity</b></td>\n   <td><b>8,239,989</b></td>\n   <td></td>\n   <td><b>11,067,116</b></td>\n   <td></td>\n   <td><b>1,717,591</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Noncontrolling interests</td>\n   <td>61</td>\n   <td></td>\n   <td>993,841</td>\n   <td></td>\n   <td>154,242</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total equity</b></td>\n   <td><b>8,240,050</b></td>\n   <td></td>\n   <td><b>12,060,957</b></td>\n   <td></td>\n   <td><b>1,871,833</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total liabilities and shareholders’ equity</b></td>\n   <td><b>11,929,214</b></td>\n   <td></td>\n   <td><b>20,105,589</b></td>\n   <td></td>\n   <td><b>3,120,340</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<p>For the business combinations occurred during the period, the Company is in the process of finalizing valuations of the net identifiable assets acquired. As the Company receives additional information during the measurement period, the fair values assigned to the assets and liabilities may be adjusted.</p>\n<p></p>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"17\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"17\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"17\"><b>(All amounts in thousands, except for share and per share data)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"8\"><b>Three Months Ended</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"6\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>March 31,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Jun 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Revenues:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Public cloud services</td>\n   <td>1,309,693</td>\n   <td></td>\n   <td>1,391,833</td>\n   <td></td>\n   <td>1,550,777</td>\n   <td></td>\n   <td>1,685,999</td>\n   <td></td>\n   <td>261,663</td>\n   <td></td>\n   <td>3,805,346</td>\n   <td></td>\n   <td>4,628,609</td>\n   <td></td>\n   <td>718,349</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Enterprise cloud services</td>\n   <td>409,101</td>\n   <td></td>\n   <td>420,032</td>\n   <td></td>\n   <td>622,145</td>\n   <td></td>\n   <td>726,865</td>\n   <td></td>\n   <td>112,808</td>\n   <td></td>\n   <td>836,769</td>\n   <td></td>\n   <td>1,769,042</td>\n   <td></td>\n   <td>274,551</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Others</td>\n   <td>10,049</td>\n   <td></td>\n   <td>1,667</td>\n   <td></td>\n   <td>765</td>\n   <td></td>\n   <td>971</td>\n   <td></td>\n   <td>151</td>\n   <td></td>\n   <td>12,446</td>\n   <td></td>\n   <td>3,403</td>\n   <td></td>\n   <td>528</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Total revenues</b></td>\n   <td><b>1,728,843</b></td>\n   <td></td>\n   <td><b>1,813,532</b></td>\n   <td></td>\n   <td><b>2,173,687</b></td>\n   <td></td>\n   <td><b>2,413,835</b></td>\n   <td></td>\n   <td><b>374,622</b></td>\n   <td></td>\n   <td><b>4,654,561</b></td>\n   <td></td>\n   <td><b>6,401,054</b></td>\n   <td></td>\n   <td><b>993,428</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Cost of revenues</td>\n   <td>(1,615,945</td>\n   <td>)</td>\n   <td>(1,697,029</td>\n   <td>)</td>\n   <td>(2,055,205</td>\n   <td>)</td>\n   <td>(2,325,423</td>\n   <td>)</td>\n   <td>(360,900</td>\n   <td>)</td>\n   <td>(4,390,148</td>\n   <td>)</td>\n   <td>(6,077,657</td>\n   <td>)</td>\n   <td>(943,238</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Gross profit </b></td>\n   <td><b>112,898</b></td>\n   <td></td>\n   <td><b>116,503</b></td>\n   <td></td>\n   <td><b>118,482</b></td>\n   <td></td>\n   <td><b>88,412</b></td>\n   <td></td>\n   <td><b>13,722</b></td>\n   <td></td>\n   <td><b>264,413</b></td>\n   <td></td>\n   <td><b>323,397</b></td>\n   <td></td>\n   <td><b>50,190</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Operating expenses:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Selling and marketing expenses</td>\n   <td>(96,802</td>\n   <td>)</td>\n   <td>(112,826</td>\n   <td>)</td>\n   <td>(96,058</td>\n   <td>)</td>\n   <td>(132,202</td>\n   <td>)</td>\n   <td>(20,517</td>\n   <td>)</td>\n   <td>(294,545</td>\n   <td>)</td>\n   <td>(341,086</td>\n   <td>)</td>\n   <td>(52,936</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>General and administrative expenses</td>\n   <td>(91,338</td>\n   <td>)</td>\n   <td>(91,177</td>\n   <td>)</td>\n   <td>(110,637</td>\n   <td>)</td>\n   <td>(156,573</td>\n   <td>)</td>\n   <td>(24,300</td>\n   <td>)</td>\n   <td>(337,736</td>\n   <td>)</td>\n   <td>(358,387</td>\n   <td>)</td>\n   <td>(55,621</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Research and development expenses</td>\n   <td>(167,590</td>\n   <td>)</td>\n   <td>(264,636</td>\n   <td>)</td>\n   <td>(232,252</td>\n   <td>)</td>\n   <td>(268,721</td>\n   <td>)</td>\n   <td>(41,705</td>\n   <td>)</td>\n   <td>(594,068</td>\n   <td>)</td>\n   <td>(765,609</td>\n   <td>)</td>\n   <td>(118,821</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Total operating expenses</b></td>\n   <td><b>(355,730</b></td>\n   <td><b>)</b></td>\n   <td><b>(468,639</b></td>\n   <td><b>)</b></td>\n   <td><b>(438,947</b></td>\n   <td><b>)</b></td>\n   <td><b>(557,496</b></td>\n   <td><b>)</b></td>\n   <td><b>(86,522</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,226,349</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,465,082</b></td>\n   <td><b>)</b></td>\n   <td><b>(227,378</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td><b>Operating loss</b></td>\n   <td><b>(242,832</b></td>\n   <td><b>)</b></td>\n   <td><b>(352,136</b></td>\n   <td><b>)</b></td>\n   <td><b>(320,465</b></td>\n   <td><b>)</b></td>\n   <td><b>(469,084</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,800</b></td>\n   <td><b>)</b></td>\n   <td><b>(961,936</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,141,685</b></td>\n   <td><b>)</b></td>\n   <td><b>(177,188</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Interest income</td>\n   <td>24,414</td>\n   <td></td>\n   <td>17,746</td>\n   <td></td>\n   <td>18,927</td>\n   <td></td>\n   <td>14,668</td>\n   <td></td>\n   <td>2,276</td>\n   <td></td>\n   <td>55,446</td>\n   <td></td>\n   <td>51,341</td>\n   <td></td>\n   <td>7,968</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Interest expense</td>\n   <td>(3,940</td>\n   <td>)</td>\n   <td>(3,866</td>\n   <td>)</td>\n   <td>(6,689</td>\n   <td>)</td>\n   <td>(14,277</td>\n   <td>)</td>\n   <td>(2,216</td>\n   <td>)</td>\n   <td>(7,615</td>\n   <td>)</td>\n   <td>(24,832</td>\n   <td>)</td>\n   <td>(3,854</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Foreign exchange gain (loss)</td>\n   <td>117,714</td>\n   <td></td>\n   <td>(48,375</td>\n   <td>)</td>\n   <td>71,277</td>\n   <td></td>\n   <td>(32,443</td>\n   <td>)</td>\n   <td>(5,035</td>\n   <td>)</td>\n   <td>74,687</td>\n   <td></td>\n   <td>(9,541</td>\n   <td>)</td>\n   <td>(1,481</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Other gain</td>\n   <td>2,825</td>\n   <td></td>\n   <td>5,782</td>\n   <td></td>\n   <td>15,357</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>3,023</td>\n   <td></td>\n   <td>21,139</td>\n   <td></td>\n   <td>3,281</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Other income (expense), net</td>\n   <td>515</td>\n   <td></td>\n   <td>1,926</td>\n   <td></td>\n   <td>4,464</td>\n   <td></td>\n   <td>(596</td>\n   <td>)</td>\n   <td>(92</td>\n   <td>)</td>\n   <td>(9,086</td>\n   <td>)</td>\n   <td>5,794</td>\n   <td></td>\n   <td>899</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Loss before income taxes</b></td>\n   <td><b>(101,304</b></td>\n   <td><b>)</b></td>\n   <td><b>(378,923</b></td>\n   <td><b>)</b></td>\n   <td><b>(217,129</b></td>\n   <td><b>)</b></td>\n   <td><b>(501,732</b></td>\n   <td><b>)</b></td>\n   <td><b>(77,867</b></td>\n   <td><b>)</b></td>\n   <td><b>(845,481</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,097,784</b></td>\n   <td><b>)</b></td>\n   <td><b>(170,375</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Income tax expense</td>\n   <td>(4,033</td>\n   <td>)</td>\n   <td>(3,286</td>\n   <td>)</td>\n   <td>(3,469</td>\n   <td>)</td>\n   <td>(5,004</td>\n   <td>)</td>\n   <td>(777</td>\n   <td>)</td>\n   <td>(11,559</td>\n   <td>)</td>\n   <td>(11,759</td>\n   <td>)</td>\n   <td>(1,825</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Net loss</b></td>\n   <td><b>(105,337</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,209</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,598</b></td>\n   <td><b>)</b></td>\n   <td><b>(506,736</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,644</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,040</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,109,543</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,200</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Less: net income (loss) attributable to noncontrolling interests</td>\n   <td>196</td>\n   <td></td>\n   <td>255</td>\n   <td></td>\n   <td>(244</td>\n   <td>)</td>\n   <td>1,232</td>\n   <td></td>\n   <td>191</td>\n   <td></td>\n   <td>7</td>\n   <td></td>\n   <td>1,243</td>\n   <td></td>\n   <td>193</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Net loss attributable to Kingsoft Cloud Holdings Limited</b></td>\n   <td><b>(105,533</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,464</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,354</b></td>\n   <td><b>)</b></td>\n   <td><b>(507,968</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,835</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,047</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,110,786</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,393</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(19,768</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Net loss attributable to ordinary shareholders</b></td>\n   <td><b>(105,533</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,464</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,354</b></td>\n   <td><b>)</b></td>\n   <td><b>(507,968</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,835</b></td>\n   <td><b>)</b></td>\n   <td><b>(876,815</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,110,786</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,393</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td><b>Net loss per share:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Basic and diluted</td>\n   <td>(0.03</td>\n   <td>)</td>\n   <td>(0.11</td>\n   <td>)</td>\n   <td>(0.07</td>\n   <td>)</td>\n   <td>(0.15</td>\n   <td>)</td>\n   <td>(0.02</td>\n   <td>)</td>\n   <td>(0.42</td>\n   <td>)</td>\n   <td>(0.33</td>\n   <td>)</td>\n   <td>(0.05</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Shares used in the net loss per share computation:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Basic and diluted</td>\n   <td>3,153,524,558</td>\n   <td></td>\n   <td>3,343,336,997</td>\n   <td></td>\n   <td>3,351,178,745</td>\n   <td></td>\n   <td>3,437,397,527</td>\n   <td></td>\n   <td>3,437,397,527</td>\n   <td></td>\n   <td>2,098,997,211</td>\n   <td></td>\n   <td>3,377,952,450</td>\n   <td></td>\n   <td>3,377,952,450</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Other comprehensive (loss) income, net of tax of nil:</b></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>Foreign currency translation adjustments</td>\n   <td>(277,166</td>\n   <td>)</td>\n   <td>70,773</td>\n   <td></td>\n   <td>(132,888</td>\n   <td>)</td>\n   <td>41,673</td>\n   <td></td>\n   <td>6,468</td>\n   <td></td>\n   <td>(225,134</td>\n   <td>)</td>\n   <td>(20,442</td>\n   <td>)</td>\n   <td>(3,173</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss</b></td>\n   <td><b>(382,503</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,436</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,486</b></td>\n   <td><b>)</b></td>\n   <td><b>(465,063</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,176</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,082,174</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,129,985</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,373</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td>\n   <td>196</td>\n   <td></td>\n   <td>255</td>\n   <td></td>\n   <td>(244</td>\n   <td>)</td>\n   <td>1,232</td>\n   <td></td>\n   <td>191</td>\n   <td></td>\n   <td>7</td>\n   <td></td>\n   <td>1,243</td>\n   <td></td>\n   <td>193</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders</b></td>\n   <td><b>(382,699</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,691</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,242</b></td>\n   <td><b>)</b></td>\n   <td><b>(466,295</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,367</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,082,181</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,131,228</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,566</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(19,768</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td><b>Comprehensive loss attributable to ordinary shareholders</b></td>\n   <td><b>(382,699</b></td>\n   <td><b>)</b></td>\n   <td><b>(311,691</b></td>\n   <td><b>)</b></td>\n   <td><b>(353,242</b></td>\n   <td><b>)</b></td>\n   <td><b>(466,295</b></td>\n   <td><b>)</b></td>\n   <td><b>(72,367</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,101,949</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,131,228</b></td>\n   <td><b>)</b></td>\n   <td><b>(175,566</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"8\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"8\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"8\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"5\"><b>Three Months Ended</b></td>\n   <td colspan=\"3\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n   <td><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Gross profit</b></td>\n   <td><b>112,898</b></td>\n   <td><b>116,503</b></td>\n   <td><b>118,482</b></td>\n   <td><b>88,412</b></td>\n   <td><b>13,722</b></td>\n   <td><b>264,413</b></td>\n   <td><b>323,397</b></td>\n   <td><b>50,190</b></td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Share-based compensation expenses</td>\n   <td>1,858</td>\n   <td>5,499</td>\n   <td>2,961</td>\n   <td>3,741</td>\n   <td>581</td>\n   <td>8,293</td>\n   <td>12,201</td>\n   <td>1,894</td>\n  </tr>\n  <tr>\n   <td>Adjusted gross profit</td>\n   <td>114,756</td>\n   <td>122,002</td>\n   <td>121,443</td>\n   <td>92,153</td>\n   <td>14,303</td>\n   <td>272,706</td>\n   <td>335,598</td>\n   <td>52,084</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"6\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"3\"><b>Three Months Ended</b></td>\n   <td></td>\n   <td colspan=\"2\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td><b>Gross margin</b></td>\n   <td><b>6.5%</b></td>\n   <td><b>6.4%</b></td>\n   <td><b>5.5%</b></td>\n   <td><b>3.7%</b></td>\n   <td><b>5.7%</b></td>\n   <td><b>5.1%</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted gross margin</b></td>\n   <td><b>6.6%</b></td>\n   <td><b>6.7%</b></td>\n   <td><b>5.6%</b></td>\n   <td><b>3.8%</b></td>\n   <td><b>5.9%</b></td>\n   <td><b>5.2%</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"15\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"15\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td colspan=\"15\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"10\"><b>Three Months Ended</b></td>\n   <td colspan=\"6\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>March 31,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Jun 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td colspan=\"2\"><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Net Loss</b></td>\n   <td><b>(105,337</b></td>\n   <td><b>)</b></td>\n   <td><b>(382,209</b></td>\n   <td><b>)</b></td>\n   <td><b>(220,598</b></td>\n   <td><b>)</b></td>\n   <td><b>(506,736</b></td>\n   <td><b>)</b></td>\n   <td><b>(78,644</b></td>\n   <td><b>)</b></td>\n   <td><b>(857,040</b></td>\n   <td><b>)</b></td>\n   <td><b>(1,109,543</b></td>\n   <td><b>)</b></td>\n   <td><b>(172,200</b></td>\n   <td><b>)</b></td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>– Share-based compensation expenses</td>\n   <td>57,339</td>\n   <td></td>\n   <td>123,113</td>\n   <td></td>\n   <td>76,092</td>\n   <td></td>\n   <td>110,006</td>\n   <td></td>\n   <td>17,073</td>\n   <td></td>\n   <td>275,571</td>\n   <td></td>\n   <td>309,211</td>\n   <td></td>\n   <td>47,989</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Foreign exchange (gain) loss</td>\n   <td>(117,714</td>\n   <td>)</td>\n   <td>48,375</td>\n   <td></td>\n   <td>(71,277</td>\n   <td>)</td>\n   <td>32,443</td>\n   <td></td>\n   <td>5,035</td>\n   <td></td>\n   <td>(74,687</td>\n   <td>)</td>\n   <td>9,541</td>\n   <td></td>\n   <td>1,481</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Other gain</td>\n   <td>(2,825</td>\n   <td>)</td>\n   <td>(5,782</td>\n   <td>)</td>\n   <td>(15,357</td>\n   <td>)</td>\n   <td>-</td>\n   <td></td>\n   <td>-</td>\n   <td></td>\n   <td>(3,023</td>\n   <td>)</td>\n   <td>(21,139</td>\n   <td>)</td>\n   <td>(3,281</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>– Other (income) expense, net</td>\n   <td>(515</td>\n   <td>)</td>\n   <td>(1,926</td>\n   <td>)</td>\n   <td>(4,464</td>\n   <td>)</td>\n   <td>596</td>\n   <td></td>\n   <td>92</td>\n   <td></td>\n   <td>9,086</td>\n   <td></td>\n   <td>(5,794</td>\n   <td>)</td>\n   <td>(899</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Adjusted net loss</td>\n   <td>(169,052</td>\n   <td>)</td>\n   <td>(218,429</td>\n   <td>)</td>\n   <td>(235,604</td>\n   <td>)</td>\n   <td>(363,691</td>\n   <td>)</td>\n   <td>(56,444</td>\n   <td>)</td>\n   <td>(650,093</td>\n   <td>)</td>\n   <td>(817,724</td>\n   <td>)</td>\n   <td>(126,910</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>Adjustments:</td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n  <tr>\n   <td>– Interest income</td>\n   <td>(24,414</td>\n   <td>)</td>\n   <td>(17,746</td>\n   <td>)</td>\n   <td>(18,927</td>\n   <td>)</td>\n   <td>(14,668</td>\n   <td>)</td>\n   <td>(2,276</td>\n   <td>)</td>\n   <td>(55,446</td>\n   <td>)</td>\n   <td>(51,341</td>\n   <td>)</td>\n   <td>(7,968</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td>– Interest expense</td>\n   <td>3,940</td>\n   <td></td>\n   <td>3,866</td>\n   <td></td>\n   <td>6,689</td>\n   <td></td>\n   <td>14,277</td>\n   <td></td>\n   <td>2,216</td>\n   <td></td>\n   <td>7,615</td>\n   <td></td>\n   <td>24,832</td>\n   <td></td>\n   <td>3,854</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Income tax expense</td>\n   <td>4,033</td>\n   <td></td>\n   <td>3,286</td>\n   <td></td>\n   <td>3,469</td>\n   <td></td>\n   <td>5,004</td>\n   <td></td>\n   <td>777</td>\n   <td></td>\n   <td>11,559</td>\n   <td></td>\n   <td>11,759</td>\n   <td></td>\n   <td>1,825</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>– Depreciation and amortization</td>\n   <td>159,199</td>\n   <td></td>\n   <td>180,466</td>\n   <td></td>\n   <td>189,123</td>\n   <td></td>\n   <td>218,450</td>\n   <td></td>\n   <td>33,903</td>\n   <td></td>\n   <td>584,788</td>\n   <td></td>\n   <td>588,039</td>\n   <td></td>\n   <td>91,262</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Adjusted EBITDA</td>\n   <td>(26,294</td>\n   <td>)</td>\n   <td>(48,557</td>\n   <td>)</td>\n   <td>(55,250</td>\n   <td>)</td>\n   <td>(140,628</td>\n   <td>)</td>\n   <td>(21,824</td>\n   <td>)</td>\n   <td>(101,577</td>\n   <td>)</td>\n   <td>(244,435</td>\n   <td>)</td>\n   <td>(37,937</td>\n   <td>)</td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n   <td colspan=\"2\"></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"6\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td colspan=\"6\"><b>(All amounts in thousands, except for percentage)</b></td>\n   <td></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"4\"><b>Three Months Ended</b></td>\n   <td colspan=\"2\"><b>Nine Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>March 31,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Jun 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td><b>Net loss margin</b></td>\n   <td><b>(6.1%)</b></td>\n   <td><b>(21.1%)</b></td>\n   <td><b>(10.1%)</b></td>\n   <td><b>(21.0%)</b></td>\n   <td><b>(18.4%)</b></td>\n   <td><b>(17.3%)</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted net loss margin</b></td>\n   <td><b>(9.8%)</b></td>\n   <td><b>(12.0%)</b></td>\n   <td><b>(10.8%)</b></td>\n   <td><b>(15.1%)</b></td>\n   <td><b>(14.0%)</b></td>\n   <td><b>(12.8%)</b></td>\n  </tr>\n  <tr>\n   <td><b>Adjusted EBITDA margin</b></td>\n   <td><b>(1.5%)</b></td>\n   <td><b>(2.7%)</b></td>\n   <td><b>(2.5%)</b></td>\n   <td><b>(5.8%)</b></td>\n   <td><b>(2.2%)</b></td>\n   <td><b>(3.8%)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td colspan=\"5\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"5\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</b></td>\n  </tr>\n  <tr>\n   <td colspan=\"5\"><b>(All amounts in thousands)</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"4\"><b>Three Months Ended</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>Sep 30,</b></td>\n   <td colspan=\"2\"><b>2020</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n   <td><b>Sep 30,</b></td>\n   <td><b>2021</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"><b>RMB</b></td>\n   <td><b>RMB</b></td>\n   <td><b>US$</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash (used in) generated from operating activities</b></td>\n   <td><b>(103,510</b></td>\n   <td><b>)</b></td>\n   <td><b>13,926</b></td>\n   <td><b>2,161</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash (used in) generated from investing activities</b></td>\n   <td><b>(1,037,103</b></td>\n   <td><b>)</b></td>\n   <td><b>99,442</b></td>\n   <td><b>15,433</b></td>\n  </tr>\n  <tr>\n   <td><b>Net cash generated from financing activities</b></td>\n   <td><b>1,770,098</b></td>\n   <td></td>\n   <td><b>526,164</b></td>\n   <td><b>81,659</b></td>\n  </tr>\n  <tr>\n   <td>Effect of exchange rate changes on cash, cash equivalents and restricted cash</td>\n   <td>(73,469</td>\n   <td>)</td>\n   <td>616</td>\n   <td>96</td>\n  </tr>\n  <tr>\n   <td>Net increase in cash, cash equivalents and restricted cash</td>\n   <td>629,485</td>\n   <td></td>\n   <td>639,532</td>\n   <td>99,253</td>\n  </tr>\n  <tr>\n   <td>Cash, cash equivalents and restricted cash at beginning of period</td>\n   <td>3,310,487</td>\n   <td></td>\n   <td>2,954,619</td>\n   <td>458,550</td>\n  </tr>\n  <tr>\n   <td><b>Cash, cash equivalents and restricted cash at end of period</b></td>\n   <td><b>3,866,503</b></td>\n   <td></td>\n   <td><b>3,594,767</b></td>\n   <td><b>557,899</b></td>\n  </tr>\n  <tr>\n   <td></td>\n   <td colspan=\"2\"></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KC":"金山云"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185591503","content_text":"BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.\nMr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, “As the largest independent cloud service provider in China, we continue to execute our growth strategies as we strive to ‘become the most trusted cloud partner for our customers, and create the digital future together’. Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, one of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”\nMr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit & Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”\nThird Quarter 2021 Financial Results\nTotal Revenues reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.\n\nRevenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.\nRevenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.\n\n\nOther revenues were RMB0.9 million (US$0.1 million).\n\n\n_______________\n1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.\nCost of revenues was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.\nGross profit decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. Gross margin was 3.7%, compared with 6.5% in the same period in 2020.\nNon-GAAP gross profit2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. Non- GAAP gross margin was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.\nSelling and marketing expenses were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.\nGeneral and administrative expenses were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.\nResearch and development expenses were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.\nThe increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.\n\nOperating loss was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.\nNet loss was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.\nNon-GAAP net loss was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.\nNon-GAAP EBITDA was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses. Non-GAAP EBITDA margin was -5.8%, compared with -1.5% in the same quarter of 2020.\nBasic and diluted net loss per share was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.\nCash and cash equivalents and short-term investments were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.\nOutstanding ordinary shares were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.\n_______________\n2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.\nBusiness Outlook\nFor the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.\nConference Call Information\nThe Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.\nParticipants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/3224539. Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.\nTo join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.\nA telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:\nInternational: +61-2-8199-0299\nU.S. Toll Free: +1-855-452-5696\nMainland China Toll Free: 800-870-0206\nHong Kong Toll Free: 800-963-117\nConference ID: 3224539\nA live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.ksyun.com/.\nUse of Non-GAAP Financial Measures\nThe unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.\nThese non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.\nWe compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.\nExchange Rate Information\nThis press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.\nAbout Kingsoft Cloud Holdings Limited\nKingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS\n\n\n(All amounts in thousands)\n\n\n\nDec 31,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nUS$\n\n\nASSETS\n\n\n\n\n\nCurrent assets:\n\n\n\n\n\nCash and cash equivalents\n3,424,674\n\n3,444,174\n\n534,527\n\n\n\nRestricted cash\n—\n\n150,593\n\n23,372\n\n\n\nAccounts receivable, net\n2,334,871\n\n4,431,060\n\n687,690\n\n\n\nShort-term investments\n2,693,019\n\n2,550,488\n\n395,830\n\n\n\nPrepayments and other assets\n887,086\n\n1,127,668\n\n175,011\n\n\n\nAmounts due from related parties\n205,068\n\n270,572\n\n41,992\n\n\n\nTotal current assets\n9,544,718\n\n11,974,555\n\n1,858,422\n\n\n\nNon-current assets:\n\n\n\n\n\nProperty and equipment, net\n1,956,790\n\n2,058,794\n\n319,520\n\n\n\nIntangible assets, net\n16,573\n\n1,252,198\n\n194,338\n\n\n\nPrepayments and other assets\n11,824\n\n49,291\n\n7,650\n\n\n\nEquity investments\n126,583\n\n88,757\n\n13,775\n\n\n\nGoodwill\n-\n\n4,402,568\n\n683,268\n\n\n\nAmounts due from related parties\n5,758\n\n5,758\n\n894\n\n\n\nOperating lease right-of-use assets\n266,968\n\n257,153\n\n39,910\n\n\n\nDeferred tax assets\n—\n\n16,515\n\n2,563\n\n\n\nTotal non-current assets\n2,384,496\n\n8,131,034\n\n1,261,918\n\n\n\nTotal assets\n11,929,214\n\n20,105,589\n\n3,120,340\n\n\n\n\n\n\n\n\n\nLIABILITIES AND SHAREHOLDERS’ EQUITY\n\n\n\n\n\nCurrent liabilities:\n\n\n\n\n\nShort-term bank loans\n278,488\n\n901,455\n\n139,904\n\n\n\nAccounts payable\n2,057,355\n\n3,151,825\n\n489,156\n\n\n\nAccrued expenses and other current liabilities\n845,374\n\n1,458,523\n\n226,359\n\n\n\nLong-term bank loan, current portion\n74,351.00\n\n—\n\n—\n\n\n\nIncome tax payable\n20,564\n\n79,673\n\n12,365\n\n\n\nAmounts due to related parties\n112,998\n\n263,930\n\n40,961\n\n\n\nCurrent operating lease liabilities\n76,469\n\n74,638\n\n11,584\n\n\n\nTotal current liabilities\n3,465,599\n\n5,930,044\n\n920,329\n\n\n\n\n\n\n\n\n\nNon-current liabilities:\n\n\n\n\n\nDeferred tax liabilities\n29\n\n251,081\n\n38,967\n\n\n\nAmounts due to related parties\n—\n\n425,762\n\n66,077\n\n\n\nOther liabilities\n40,578\n\n1,256,123\n\n194,947\n\n\n\nNon-current operating lease liabilities\n182,958\n\n181,622\n\n28,187\n\n\n\nTotal non-current liabilities\n223,565\n\n2,114,588\n\n328,178\n\n\n\nTotal liabilities\n3,689,164\n\n8,044,632\n\n1,248,507\n\n\n\nShareholders’ equity:\n\n\n\n\n\nOrdinary shares\n22,801\n\n24,645\n\n3,825\n\n\n\nAdditional paid-in capital\n14,149,984\n\n18,112,182\n\n2,810,968\n\n\n\nAccumulated deficit\n(5,864,356\n)\n(6,980,829\n)\n(1,083,408\n)\n\n\nAccumulated other comprehensive loss\n(68,440\n)\n(88,882\n)\n(13,794\n)\n\n\nTotal Kingsoft Cloud Holdings Limited shareholders’ equity\n8,239,989\n\n11,067,116\n\n1,717,591\n\n\n\nNoncontrolling interests\n61\n\n993,841\n\n154,242\n\n\n\nTotal equity\n8,240,050\n\n12,060,957\n\n1,871,833\n\n\n\nTotal liabilities and shareholders’ equity\n11,929,214\n\n20,105,589\n\n3,120,340\n\n\n\n\n\n\n\n\n\n\nFor the business combinations occurred during the period, the Company is in the process of finalizing valuations of the net identifiable assets acquired. As the Company receives additional information during the measurement period, the fair values assigned to the assets and liabilities may be adjusted.\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS\n\n\n(All amounts in thousands, except for share and per share data)\n\n\n\nThree Months Ended\n\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nRevenues:\n\n\n\n\n\n\n\n\n\n\nPublic cloud services\n1,309,693\n\n1,391,833\n\n1,550,777\n\n1,685,999\n\n261,663\n\n3,805,346\n\n4,628,609\n\n718,349\n\n\n\nEnterprise cloud services\n409,101\n\n420,032\n\n622,145\n\n726,865\n\n112,808\n\n836,769\n\n1,769,042\n\n274,551\n\n\n\nOthers\n10,049\n\n1,667\n\n765\n\n971\n\n151\n\n12,446\n\n3,403\n\n528\n\n\n\nTotal revenues\n1,728,843\n\n1,813,532\n\n2,173,687\n\n2,413,835\n\n374,622\n\n4,654,561\n\n6,401,054\n\n993,428\n\n\n\nCost of revenues\n(1,615,945\n)\n(1,697,029\n)\n(2,055,205\n)\n(2,325,423\n)\n(360,900\n)\n(4,390,148\n)\n(6,077,657\n)\n(943,238\n)\n\n\nGross profit \n112,898\n\n116,503\n\n118,482\n\n88,412\n\n13,722\n\n264,413\n\n323,397\n\n50,190\n\n\n\nOperating expenses:\n\n\n\n\n\n\n\n\n\n\nSelling and marketing expenses\n(96,802\n)\n(112,826\n)\n(96,058\n)\n(132,202\n)\n(20,517\n)\n(294,545\n)\n(341,086\n)\n(52,936\n)\n\n\nGeneral and administrative expenses\n(91,338\n)\n(91,177\n)\n(110,637\n)\n(156,573\n)\n(24,300\n)\n(337,736\n)\n(358,387\n)\n(55,621\n)\n\n\nResearch and development expenses\n(167,590\n)\n(264,636\n)\n(232,252\n)\n(268,721\n)\n(41,705\n)\n(594,068\n)\n(765,609\n)\n(118,821\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal operating expenses\n(355,730\n)\n(468,639\n)\n(438,947\n)\n(557,496\n)\n(86,522\n)\n(1,226,349\n)\n(1,465,082\n)\n(227,378\n)\n\n\nOperating loss\n(242,832\n)\n(352,136\n)\n(320,465\n)\n(469,084\n)\n(72,800\n)\n(961,936\n)\n(1,141,685\n)\n(177,188\n)\n\n\nInterest income\n24,414\n\n17,746\n\n18,927\n\n14,668\n\n2,276\n\n55,446\n\n51,341\n\n7,968\n\n\n\nInterest expense\n(3,940\n)\n(3,866\n)\n(6,689\n)\n(14,277\n)\n(2,216\n)\n(7,615\n)\n(24,832\n)\n(3,854\n)\n\n\nForeign exchange gain (loss)\n117,714\n\n(48,375\n)\n71,277\n\n(32,443\n)\n(5,035\n)\n74,687\n\n(9,541\n)\n(1,481\n)\n\n\nOther gain\n2,825\n\n5,782\n\n15,357\n\n-\n\n-\n\n3,023\n\n21,139\n\n3,281\n\n\n\nOther income (expense), net\n515\n\n1,926\n\n4,464\n\n(596\n)\n(92\n)\n(9,086\n)\n5,794\n\n899\n\n\n\nLoss before income taxes\n(101,304\n)\n(378,923\n)\n(217,129\n)\n(501,732\n)\n(77,867\n)\n(845,481\n)\n(1,097,784\n)\n(170,375\n)\n\n\nIncome tax expense\n(4,033\n)\n(3,286\n)\n(3,469\n)\n(5,004\n)\n(777\n)\n(11,559\n)\n(11,759\n)\n(1,825\n)\n\n\nNet loss\n(105,337\n)\n(382,209\n)\n(220,598\n)\n(506,736\n)\n(78,644\n)\n(857,040\n)\n(1,109,543\n)\n(172,200\n)\n\n\nLess: net income (loss) attributable to noncontrolling interests\n196\n\n255\n\n(244\n)\n1,232\n\n191\n\n7\n\n1,243\n\n193\n\n\n\nNet loss attributable to Kingsoft Cloud Holdings Limited\n(105,533\n)\n(382,464\n)\n(220,354\n)\n(507,968\n)\n(78,835\n)\n(857,047\n)\n(1,110,786\n)\n(172,393\n)\n\n\nAccretion to redemption value of redeemable convertible preferred shares\n-\n\n-\n\n-\n\n-\n\n-\n\n(19,768\n)\n-\n\n-\n\n\n\nNet loss attributable to ordinary shareholders\n(105,533\n)\n(382,464\n)\n(220,354\n)\n(507,968\n)\n(78,835\n)\n(876,815\n)\n(1,110,786\n)\n(172,393\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet loss per share:\n\n\n\n\n\n\n\n\n\n\nBasic and diluted\n(0.03\n)\n(0.11\n)\n(0.07\n)\n(0.15\n)\n(0.02\n)\n(0.42\n)\n(0.33\n)\n(0.05\n)\n\n\nShares used in the net loss per share computation:\n\n\n\n\n\n\n\n\n\n\nBasic and diluted\n3,153,524,558\n\n3,343,336,997\n\n3,351,178,745\n\n3,437,397,527\n\n3,437,397,527\n\n2,098,997,211\n\n3,377,952,450\n\n3,377,952,450\n\n\n\nOther comprehensive (loss) income, net of tax of nil:\n\n\n\n\n\n\n\n\n\n\nForeign currency translation adjustments\n(277,166\n)\n70,773\n\n(132,888\n)\n41,673\n\n6,468\n\n(225,134\n)\n(20,442\n)\n(3,173\n)\n\n\nComprehensive loss\n(382,503\n)\n(311,436\n)\n(353,486\n)\n(465,063\n)\n(72,176\n)\n(1,082,174\n)\n(1,129,985\n)\n(175,373\n)\n\n\nLess: Comprehensive income (loss) attributable to noncontrolling interests\n196\n\n255\n\n(244\n)\n1,232\n\n191\n\n7\n\n1,243\n\n193\n\n\n\nComprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders\n(382,699\n)\n(311,691\n)\n(353,242\n)\n(466,295\n)\n(72,367\n)\n(1,082,181\n)\n(1,131,228\n)\n(175,566\n)\n\n\nAccretion to redemption value of redeemable convertible preferred shares\n-\n\n-\n\n-\n\n-\n\n-\n\n(19,768\n)\n-\n\n-\n\n\n\nComprehensive loss attributable to ordinary shareholders\n(382,699\n)\n(311,691\n)\n(353,242\n)\n(466,295\n)\n(72,367\n)\n(1,101,949\n)\n(1,131,228\n)\n(175,566\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nGross profit\n112,898\n116,503\n118,482\n88,412\n13,722\n264,413\n323,397\n50,190\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Share-based compensation expenses\n1,858\n5,499\n2,961\n3,741\n581\n8,293\n12,201\n1,894\n\n\nAdjusted gross profit\n114,756\n122,002\n121,443\n92,153\n14,303\n272,706\n335,598\n52,084\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\n\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\n\n\nGross margin\n6.5%\n6.4%\n5.5%\n3.7%\n5.7%\n5.1%\n\n\nAdjusted gross margin\n6.6%\n6.7%\n5.6%\n3.8%\n5.9%\n5.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nNet Loss\n(105,337\n)\n(382,209\n)\n(220,598\n)\n(506,736\n)\n(78,644\n)\n(857,040\n)\n(1,109,543\n)\n(172,200\n)\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Share-based compensation expenses\n57,339\n\n123,113\n\n76,092\n\n110,006\n\n17,073\n\n275,571\n\n309,211\n\n47,989\n\n\n\n– Foreign exchange (gain) loss\n(117,714\n)\n48,375\n\n(71,277\n)\n32,443\n\n5,035\n\n(74,687\n)\n9,541\n\n1,481\n\n\n\n– Other gain\n(2,825\n)\n(5,782\n)\n(15,357\n)\n-\n\n-\n\n(3,023\n)\n(21,139\n)\n(3,281\n)\n\n\n– Other (income) expense, net\n(515\n)\n(1,926\n)\n(4,464\n)\n596\n\n92\n\n9,086\n\n(5,794\n)\n(899\n)\n\n\nAdjusted net loss\n(169,052\n)\n(218,429\n)\n(235,604\n)\n(363,691\n)\n(56,444\n)\n(650,093\n)\n(817,724\n)\n(126,910\n)\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Interest income\n(24,414\n)\n(17,746\n)\n(18,927\n)\n(14,668\n)\n(2,276\n)\n(55,446\n)\n(51,341\n)\n(7,968\n)\n\n\n– Interest expense\n3,940\n\n3,866\n\n6,689\n\n14,277\n\n2,216\n\n7,615\n\n24,832\n\n3,854\n\n\n\n– Income tax expense\n4,033\n\n3,286\n\n3,469\n\n5,004\n\n777\n\n11,559\n\n11,759\n\n1,825\n\n\n\n– Depreciation and amortization\n159,199\n\n180,466\n\n189,123\n\n218,450\n\n33,903\n\n584,788\n\n588,039\n\n91,262\n\n\n\nAdjusted EBITDA\n(26,294\n)\n(48,557\n)\n(55,250\n)\n(140,628\n)\n(21,824\n)\n(101,577\n)\n(244,435\n)\n(37,937\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\n\n\nNet loss margin\n(6.1%)\n(21.1%)\n(10.1%)\n(21.0%)\n(18.4%)\n(17.3%)\n\n\nAdjusted net loss margin\n(9.8%)\n(12.0%)\n(10.8%)\n(15.1%)\n(14.0%)\n(12.8%)\n\n\nAdjusted EBITDA margin\n(1.5%)\n(2.7%)\n(2.5%)\n(5.8%)\n(2.2%)\n(3.8%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS\n\n\n(All amounts in thousands)\n\n\n\nThree Months Ended\n\n\n\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nUS$\n\n\nNet cash (used in) generated from operating activities\n(103,510\n)\n13,926\n2,161\n\n\nNet cash (used in) generated from investing activities\n(1,037,103\n)\n99,442\n15,433\n\n\nNet cash generated from financing activities\n1,770,098\n\n526,164\n81,659\n\n\nEffect of exchange rate changes on cash, cash equivalents and restricted cash\n(73,469\n)\n616\n96\n\n\nNet increase in cash, cash equivalents and restricted cash\n629,485\n\n639,532\n99,253\n\n\nCash, cash equivalents and restricted cash at beginning of period\n3,310,487\n\n2,954,619\n458,550\n\n\nCash, cash equivalents and restricted cash at end of period\n3,866,503\n\n3,594,767\n557,899","news_type":1},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875547653,"gmtCreate":1637674786310,"gmtModify":1637674786310,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875547653","repostId":"2185757384","repostType":4,"repost":{"id":"2185757384","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1637673792,"share":"https://www.laohu8.com/m/news/2185757384?lang=&edition=full","pubTime":"2021-11-23 21:23","market":"us","language":"en","title":"Japan to allocate $5.2 bln to fund chip plants by TSMC, others - Nikkei","url":"https://stock-news.laohu8.com/highlight/detail?id=2185757384","media":"Reuters","summary":"Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 sup","content":"<p>Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC) , Nikkei reported on Tuesday.</p>\n<p>As part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei</p>\n<p>TSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.</p>\n<p>The remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc&nbsp;and Japan's Kioxia Holdings, the report said.</p>\n<p>Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.</p>\n<p>TSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Japan to allocate $5.2 bln to fund chip plants by TSMC, others - Nikkei</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\">\nJapan to allocate $5.2 bln to fund chip plants by TSMC, others - Nikkei\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-11-23 21:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC) , Nikkei reported on Tuesday.</p>\n<p>As part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei</p>\n<p>TSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.</p>\n<p>The remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc&nbsp;and Japan's Kioxia Holdings, the report said.</p>\n<p>Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.</p>\n<p>TSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","BK4512":"苹果概念","MU":"美光科技","BK4141":"半导体产品","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","TSM":"台积电","BK4553":"喜马拉雅资本持仓","BK4527":"明星科技股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185757384","content_text":"Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC) , Nikkei reported on Tuesday.\nAs part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei\nTSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.\nThe remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc and Japan's Kioxia Holdings, the report said.\nJapan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.\nTSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875091400,"gmtCreate":1637584556056,"gmtModify":1637584556174,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875091400","repostId":"2185787906","repostType":4,"repost":{"id":"2185787906","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1637583120,"share":"https://www.laohu8.com/m/news/2185787906?lang=&edition=full","pubTime":"2021-11-22 20:12","market":"us","language":"en","title":"Pfizer and BioNTech say follow-on Phase III study shows vaccine safe for 12- to 15-year-olds","url":"https://stock-news.laohu8.com/highlight/detail?id=2185787906","media":"Dow Jones","summary":"Pfizer Inc. $(PFE)$ and BioNTech SE (BNTX) said Monday that topline results from a longer-term analy","content":"<p>Pfizer Inc. <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (BNTX) said Monday that topline results from a longer-term analysis of the safety and efficacy of their COVID-19 vaccine in people 12 through 15 show that a two-dose series of the Pfizer-BioNTech COVID-19 Vaccine (30-ug per dose) was 100% effective against COVID-19.</p>\n<p>The follow-up test measured seven days through four-plus months after the second dose. The companies said the adverse event profile \"was generally consistent with other clinical safety data for the vaccine, with no serious safety concerns observed in individuals with at least six months of safety follow-up after the second dose.\"</p>\n<p>BioNTech shares rose 2% and Pfizer added 1% in pre-market trades.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer and BioNTech say follow-on Phase III study shows vaccine safe for 12- to 15-year-olds</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\">\nPfizer and BioNTech say follow-on Phase III study shows vaccine safe for 12- to 15-year-olds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-11-22 20:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Pfizer Inc. <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (BNTX) said Monday that topline results from a longer-term analysis of the safety and efficacy of their COVID-19 vaccine in people 12 through 15 show that a two-dose series of the Pfizer-BioNTech COVID-19 Vaccine (30-ug per dose) was 100% effective against COVID-19.</p>\n<p>The follow-up test measured seven days through four-plus months after the second dose. The companies said the adverse event profile \"was generally consistent with other clinical safety data for the vaccine, with no serious safety concerns observed in individuals with at least six months of safety follow-up after the second dose.\"</p>\n<p>BioNTech shares rose 2% and Pfizer added 1% in pre-market trades.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BNTX":"BioNTech SE"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185787906","content_text":"Pfizer Inc. $(PFE)$ and BioNTech SE (BNTX) said Monday that topline results from a longer-term analysis of the safety and efficacy of their COVID-19 vaccine in people 12 through 15 show that a two-dose series of the Pfizer-BioNTech COVID-19 Vaccine (30-ug per dose) was 100% effective against COVID-19.\nThe follow-up test measured seven days through four-plus months after the second dose. The companies said the adverse event profile \"was generally consistent with other clinical safety data for the vaccine, with no serious safety concerns observed in individuals with at least six months of safety follow-up after the second dose.\"\nBioNTech shares rose 2% and Pfizer added 1% in pre-market trades.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872957164,"gmtCreate":1637404482163,"gmtModify":1637404482163,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/872957164","repostId":"2184054847","repostType":4,"repost":{"id":"2184054847","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1637376368,"share":"https://www.laohu8.com/m/news/2184054847?lang=&edition=full","pubTime":"2021-11-20 10:46","market":"us","language":"en","title":"Tesla app coming back online after server outage, Musk says","url":"https://stock-news.laohu8.com/highlight/detail?id=2184054847","media":"Reuters","summary":"(Reuters) - $Tesla Inc (TSLA) chief Elon Musk said on Friday that the company's mobile application w","content":"<p> (Reuters) - $Tesla Inc (TSLA) chief Elon Musk said on Friday that the company's mobile application was coming back online after an app server outage earlier prevented many owners from connecting to their cars.</p>\n<p>Musk was responding to a Tesla owner's tweet, who said that he was experiencing a \"500 server error\" to connect his Model 3 through the iOS app in Seoul, South Korea.</p>\n<p>\"Should be coming back online now. Looks like we may have accidentally increased verbosity of network traffic,\" Musk said.</p>\n<p>The outage was first reported&nbsp;by Electrek.</p>\n<p>About 500 users reported they faced an error at around 4:40 p.m. ET (2140 GMT), according to outage monitoring website Downdetector, which tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. There were just over 60 reports at around 9:20 p.m. ET.</p>\n<p>\"Apologies, we will take measures to ensure this doesn't happen again,\" Musk said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla app coming back online after server outage, Musk says</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\">\nTesla app coming back online after server outage, Musk says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-11-20 10:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p> (Reuters) - $Tesla Inc (TSLA) chief Elon Musk said on Friday that the company's mobile application was coming back online after an app server outage earlier prevented many owners from connecting to their cars.</p>\n<p>Musk was responding to a Tesla owner's tweet, who said that he was experiencing a \"500 server error\" to connect his Model 3 through the iOS app in Seoul, South Korea.</p>\n<p>\"Should be coming back online now. Looks like we may have accidentally increased verbosity of network traffic,\" Musk said.</p>\n<p>The outage was first reported&nbsp;by Electrek.</p>\n<p>About 500 users reported they faced an error at around 4:40 p.m. ET (2140 GMT), according to outage monitoring website Downdetector, which tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. There were just over 60 reports at around 9:20 p.m. ET.</p>\n<p>\"Apologies, we will take measures to ensure this doesn't happen again,\" Musk said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2184054847","content_text":"(Reuters) - $Tesla Inc (TSLA) chief Elon Musk said on Friday that the company's mobile application was coming back online after an app server outage earlier prevented many owners from connecting to their cars.\nMusk was responding to a Tesla owner's tweet, who said that he was experiencing a \"500 server error\" to connect his Model 3 through the iOS app in Seoul, South Korea.\n\"Should be coming back online now. Looks like we may have accidentally increased verbosity of network traffic,\" Musk said.\nThe outage was first reported by Electrek.\nAbout 500 users reported they faced an error at around 4:40 p.m. ET (2140 GMT), according to outage monitoring website Downdetector, which tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. There were just over 60 reports at around 9:20 p.m. ET.\n\"Apologies, we will take measures to ensure this doesn't happen again,\" Musk said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876532231,"gmtCreate":1637330455381,"gmtModify":1637330455567,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876532231","repostId":"1111586448","repostType":4,"repost":{"id":"1111586448","pubTimestamp":1637329309,"share":"https://www.laohu8.com/m/news/1111586448?lang=&edition=full","pubTime":"2021-11-19 21:41","market":"us","language":"en","title":"10 Biggest Price Target Changes For Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1111586448","media":"Benzinga","summary":"Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% t","content":"<ul>\n <li>Wedbush raised&nbsp;<b>Tesla, Inc.</b>(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.</li>\n <li>Credit Suisse lifted&nbsp;<b>Macy's, Inc.</b>(NYSE:M) price target from $19 to $32. Macy's shares fell 2.2% to $36.54 in pre-market trading.</li>\n <li>JMP Securities boosted&nbsp;<b>Palo Alto Networks, Inc.</b>(NYSE:PANW) price target from $550 to $585. Palo Alto shares gained 3.8% to $539.89 in pre-market trading.</li>\n <li>Barclays lifted the price target for&nbsp;<b>Workday, Inc.</b>(NASDAQ:WDAY) from $340 to $345. Workday shares dipped 7.8% to $275.79 in pre-market trading.</li>\n <li>Wedbush boosted the price target on&nbsp;<b>Globant S.A.</b>(NYSE:GLOB) from $300 to $330. Globant shares rose 2.7% to $319.00 in pre-market trading.</li>\n <li>Oppenheimer raised the price target on&nbsp;<b>Analog Devices, Inc.</b>(NASDAQ:ADI) from $200 to $210. Analog Devices shares rose 0.5% to $189.00 in pre-market trading.</li>\n <li>Mizuho lifted the price target for&nbsp;<b>JD.com, Inc.</b>(NASDAQ:JD) from $95 to $100. JD.com shares rose 1.4% to $89.29 in pre-market trading.</li>\n <li>Needham boosted&nbsp;<b>Applied Materials, Inc.</b>(NASDAQ:AMAT) price target from $153 to $166. Applied Materials shares fell 6.6% to $148.35 in pre-market trading.</li>\n <li>Telsey Advisory Group boosted the price target on&nbsp;<b>Williams-Sonoma, Inc.</b>(NYSE:WSM) from $220 to $250. Williams-Sonoma shares fell 7.5% to $202.99 in pre-market trading.</li>\n <li>MKM Partners raised&nbsp;<b>Walmart Inc.</b>(NYSE:WMT) price target from $156 to $166. Walmart shares rose 0.3% to $143.65 in pre-market trading.</li>\n</ul>","source":"lsy1606299360108","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>10 Biggest Price Target Changes For Friday</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\">\n10 Biggest Price Target Changes For Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 21:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.\nCredit Suisse lifted Macy's, Inc.(NYSE:M) price target from $19 ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","TSLA":"特斯拉","WDAY":"Workday","AMAT":"应用材料","GLOB":"Globant","WSM":"Williams-Sonoma Inc","PANW":"Palo Alto Networks","JD":"京东","M":"梅西百货","ADI":"亚德诺"},"source_url":"https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111586448","content_text":"Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.\nCredit Suisse lifted Macy's, Inc.(NYSE:M) price target from $19 to $32. Macy's shares fell 2.2% to $36.54 in pre-market trading.\nJMP Securities boosted Palo Alto Networks, Inc.(NYSE:PANW) price target from $550 to $585. Palo Alto shares gained 3.8% to $539.89 in pre-market trading.\nBarclays lifted the price target for Workday, Inc.(NASDAQ:WDAY) from $340 to $345. Workday shares dipped 7.8% to $275.79 in pre-market trading.\nWedbush boosted the price target on Globant S.A.(NYSE:GLOB) from $300 to $330. Globant shares rose 2.7% to $319.00 in pre-market trading.\nOppenheimer raised the price target on Analog Devices, Inc.(NASDAQ:ADI) from $200 to $210. Analog Devices shares rose 0.5% to $189.00 in pre-market trading.\nMizuho lifted the price target for JD.com, Inc.(NASDAQ:JD) from $95 to $100. JD.com shares rose 1.4% to $89.29 in pre-market trading.\nNeedham boosted Applied Materials, Inc.(NASDAQ:AMAT) price target from $153 to $166. Applied Materials shares fell 6.6% to $148.35 in pre-market trading.\nTelsey Advisory Group boosted the price target on Williams-Sonoma, Inc.(NYSE:WSM) from $220 to $250. Williams-Sonoma shares fell 7.5% to $202.99 in pre-market trading.\nMKM Partners raised Walmart Inc.(NYSE:WMT) price target from $156 to $166. Walmart shares rose 0.3% to $143.65 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876003875,"gmtCreate":1637239985448,"gmtModify":1637239985448,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876003875","repostId":"1183966718","repostType":4,"repost":{"id":"1183966718","pubTimestamp":1637238943,"share":"https://www.laohu8.com/m/news/1183966718?lang=&edition=full","pubTime":"2021-11-18 20:35","market":"us","language":"en","title":"4 Stocks Insiders Are Selling","url":"https://stock-news.laohu8.com/highlight/detail?id=1183966718","media":"Benzinga","summary":"When insiders sell shares, it indicates their concern in the company’s prospects or that they view t","content":"<p>When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>\n<p>Below is a look at a few recent notable insider sales.</p>\n<p><b>Marvell Technology</b></p>\n<ul>\n <li><b>The Trade:Marvell Technology, Inc.</b>&nbsp;President, Products and Tech Raghib Hussain&nbsp;<i>disposed a total of 324957 shares</i>&nbsp;at an average price of $72.51. The insider received $23,561,016.51 as a result of the transaction. The insider also bought a total of 124957 shares.</li>\n <li><b>What’s Happening:</b>Marvell Technology, recently commenced an offer to exchange certain of its outstanding unregistered notes for new registered notes.</li>\n <li><b>What Marvell Technology Does:</b>Marvell Technology is a leading fabless chipmaker focused on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for ethernet applications.</li>\n</ul>\n<p><b>Alphabet</b></p>\n<ul>\n <li><b>The Trade:Alphabet Inc.</b>&nbsp;CEO Sundar Pichai&nbsp;<i>sold a total of 16500 shares</i>&nbsp;at an average price of $2,981.43. The insider received $8,944,299.26 from selling those shares. The insider also acquired a total of 13500 shares.</li>\n <li><b>What’s Happening:</b>NICE and Google Cloud announced collaboration to drive smarter digital conversations and improve self-service experiences.</li>\n <li><b>What Alphabet Does:</b>Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads.</li>\n</ul>\n<p><b>TriNet Group</b></p>\n<ul>\n <li><b>The Trade:TriNet Group, Inc.</b>&nbsp;Principal Accounting Officer Chris Kondo&nbsp;<i>sold a total of 21491 shares</i>&nbsp;at an average price of $108.08. The insider received $1,242,000.35 as a result of the transaction. The insider also acquired a total of 2000 shares.</li>\n <li><b>What’s Happening:</b>Trinet Group, last month, announced better-than-expected Q3 EPS results.</li>\n <li><b>What TriNet Group Does:</b>Trinet Group Inc is a United States-based company that provides human resources solutions for small to medium-size companies.</li>\n</ul>\n<p><b>Snap</b></p>\n<ul>\n <li><b>The Trade:Snap Inc.</b>&nbsp;Chief Financial Officer Derek Andersen&nbsp;<i>sold a total of 12793 shares</i>&nbsp;at an average price of $54.31. The insider received $694,787.12 from selling those shares.</li>\n <li><b>What’s Happening:</b>Camo, last month, reported a partnership with Snap to accelerate augmented reality streams for games, meetings, presentations.</li>\n <li><b>What Snap Does:</b>Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe.</li>\n</ul>","source":"lsy1606299360108","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>4 Stocks Insiders Are Selling</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\">\n4 Stocks Insiders Are Selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-18 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TNET":"TriNet Group Inc","GOOG":"谷歌","MRVL":"迈威尔科技","SNAP":"Snap Inc"},"source_url":"https://www.benzinga.com/news/21/11/24166153/4-stocks-insiders-are-selling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183966718","content_text":"When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.\nBelow is a look at a few recent notable insider sales.\nMarvell Technology\n\nThe Trade:Marvell Technology, Inc. President, Products and Tech Raghib Hussain disposed a total of 324957 shares at an average price of $72.51. The insider received $23,561,016.51 as a result of the transaction. The insider also bought a total of 124957 shares.\nWhat’s Happening:Marvell Technology, recently commenced an offer to exchange certain of its outstanding unregistered notes for new registered notes.\nWhat Marvell Technology Does:Marvell Technology is a leading fabless chipmaker focused on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for ethernet applications.\n\nAlphabet\n\nThe Trade:Alphabet Inc. CEO Sundar Pichai sold a total of 16500 shares at an average price of $2,981.43. The insider received $8,944,299.26 from selling those shares. The insider also acquired a total of 13500 shares.\nWhat’s Happening:NICE and Google Cloud announced collaboration to drive smarter digital conversations and improve self-service experiences.\nWhat Alphabet Does:Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads.\n\nTriNet Group\n\nThe Trade:TriNet Group, Inc. Principal Accounting Officer Chris Kondo sold a total of 21491 shares at an average price of $108.08. The insider received $1,242,000.35 as a result of the transaction. The insider also acquired a total of 2000 shares.\nWhat’s Happening:Trinet Group, last month, announced better-than-expected Q3 EPS results.\nWhat TriNet Group Does:Trinet Group Inc is a United States-based company that provides human resources solutions for small to medium-size companies.\n\nSnap\n\nThe Trade:Snap Inc. Chief Financial Officer Derek Andersen sold a total of 12793 shares at an average price of $54.31. The insider received $694,787.12 from selling those shares.\nWhat’s Happening:Camo, last month, reported a partnership with Snap to accelerate augmented reality streams for games, meetings, presentations.\nWhat Snap Does:Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878350700,"gmtCreate":1637153006987,"gmtModify":1637153006987,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/878350700","repostId":"1125512482","repostType":4,"repost":{"id":"1125512482","pubTimestamp":1637152604,"share":"https://www.laohu8.com/m/news/1125512482?lang=&edition=full","pubTime":"2021-11-17 20:36","market":"us","language":"en","title":"Volkswagen powers up the grid to take on Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1125512482","media":"Reuters","summary":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment t","content":"<p>Volkswagen&nbsp;plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla&nbsp;in a key electric vehicle (EV) battleground: power infrastructure.</p>\n<p>By ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.</p>\n<p>Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE&nbsp;and Innogy, to help the carmaker get in better shape to take on Tesla.</p>\n<p>In the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.</p>\n<p>Getting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.</p>\n<p>\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"</p>\n<p>Temme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.</p>\n<p>Volkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a&nbsp;Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.</p>\n<p>PLAYING CATCH UP</p>\n<p>But when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.</p>\n<p>Tesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.</p>\n<p>The company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.</p>\n<p>Volkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.</p>\n<p>Volkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.</p>\n<p>But that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.</p>\n<p>In Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's&nbsp;Mercedes-Benz, Ford&nbsp;and Hyundai.</p>\n<p>It has also teamed up with energy firms such as Italy's Enel, Britain's BP&nbsp;and Spain's Iberdrola&nbsp;to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.</p>\n<p>\"Various models are conceivable, from product partnerships and joint ventures to M&amp;A,\" said Temme.</p>\n<p>CARS AND POWER</p>\n<p>Tesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.</p>\n<p>Volkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.</p>\n<p>She said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.</p>\n<p>\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.</p>\n<p>\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"</p>\n<p>Volkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.</p>\n<p>The problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.</p>\n<p>From the first quarter of 2022, Volkswagen plans to offer \"Plug &amp; Charge\" technology in Europe to make the process smoother.</p>\n<p>The car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.</p>\n<p>While these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.</p>\n<p>\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.</p>\n<p>\"These challenges are of similar magnitude.\"</p>\n<p>($1 = 0.8738 euros)</p>","source":"lsy1601381805984","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>Volkswagen powers up the grid to take on Tesla</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\">\nVolkswagen powers up the grid to take on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-17 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAF":"Volkswagen AG","TSLA":"特斯拉"},"source_url":"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125512482","content_text":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.\nBy ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.\nUnderlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla.\nIn the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.\nGetting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.\n\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"\nTemme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.\nVolkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.\nPLAYING CATCH UP\nBut when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.\nTesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.\nThe company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.\nVolkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.\nVolkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.\nBut that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.\nIn Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's Mercedes-Benz, Ford and Hyundai.\nIt has also teamed up with energy firms such as Italy's Enel, Britain's BP and Spain's Iberdrola to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.\n\"Various models are conceivable, from product partnerships and joint ventures to M&A,\" said Temme.\nCARS AND POWER\nTesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.\nVolkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.\nShe said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.\n\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.\n\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"\nVolkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.\nThe problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.\nFrom the first quarter of 2022, Volkswagen plans to offer \"Plug & Charge\" technology in Europe to make the process smoother.\nThe car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.\nWhile these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.\n\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.\n\"These challenges are of similar magnitude.\"\n($1 = 0.8738 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878350119,"gmtCreate":1637152974966,"gmtModify":1637152974966,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/878350119","repostId":"1125512482","repostType":4,"repost":{"id":"1125512482","pubTimestamp":1637152604,"share":"https://www.laohu8.com/m/news/1125512482?lang=&edition=full","pubTime":"2021-11-17 20:36","market":"us","language":"en","title":"Volkswagen powers up the grid to take on Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1125512482","media":"Reuters","summary":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment t","content":"<p>Volkswagen&nbsp;plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla&nbsp;in a key electric vehicle (EV) battleground: power infrastructure.</p>\n<p>By ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.</p>\n<p>Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE&nbsp;and Innogy, to help the carmaker get in better shape to take on Tesla.</p>\n<p>In the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.</p>\n<p>Getting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.</p>\n<p>\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"</p>\n<p>Temme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.</p>\n<p>Volkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a&nbsp;Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.</p>\n<p>PLAYING CATCH UP</p>\n<p>But when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.</p>\n<p>Tesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.</p>\n<p>The company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.</p>\n<p>Volkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.</p>\n<p>Volkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.</p>\n<p>But that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.</p>\n<p>In Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's&nbsp;Mercedes-Benz, Ford&nbsp;and Hyundai.</p>\n<p>It has also teamed up with energy firms such as Italy's Enel, Britain's BP&nbsp;and Spain's Iberdrola&nbsp;to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.</p>\n<p>\"Various models are conceivable, from product partnerships and joint ventures to M&amp;A,\" said Temme.</p>\n<p>CARS AND POWER</p>\n<p>Tesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.</p>\n<p>Volkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.</p>\n<p>She said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.</p>\n<p>\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.</p>\n<p>\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"</p>\n<p>Volkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.</p>\n<p>The problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.</p>\n<p>From the first quarter of 2022, Volkswagen plans to offer \"Plug &amp; Charge\" technology in Europe to make the process smoother.</p>\n<p>The car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.</p>\n<p>While these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.</p>\n<p>\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.</p>\n<p>\"These challenges are of similar magnitude.\"</p>\n<p>($1 = 0.8738 euros)</p>","source":"lsy1601381805984","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>Volkswagen powers up the grid to take on Tesla</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\">\nVolkswagen powers up the grid to take on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-17 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAF":"Volkswagen AG","TSLA":"特斯拉"},"source_url":"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125512482","content_text":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.\nBy ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.\nUnderlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla.\nIn the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.\nGetting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.\n\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"\nTemme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.\nVolkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.\nPLAYING CATCH UP\nBut when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.\nTesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.\nThe company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.\nVolkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.\nVolkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.\nBut that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.\nIn Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's Mercedes-Benz, Ford and Hyundai.\nIt has also teamed up with energy firms such as Italy's Enel, Britain's BP and Spain's Iberdrola to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.\n\"Various models are conceivable, from product partnerships and joint ventures to M&A,\" said Temme.\nCARS AND POWER\nTesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.\nVolkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.\nShe said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.\n\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.\n\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"\nVolkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.\nThe problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.\nFrom the first quarter of 2022, Volkswagen plans to offer \"Plug & Charge\" technology in Europe to make the process smoother.\nThe car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.\nWhile these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.\n\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.\n\"These challenges are of similar magnitude.\"\n($1 = 0.8738 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871666218,"gmtCreate":1637065731883,"gmtModify":1637065732036,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871666218","repostId":"1176647575","repostType":4,"repost":{"id":"1176647575","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637064638,"share":"https://www.laohu8.com/m/news/1176647575?lang=&edition=full","pubTime":"2021-11-16 20:10","market":"us","language":"en","title":"Walmart sets aside supply chain worries to raise annual sales, profit forecasts","url":"https://stock-news.laohu8.com/highlight/detail?id=1176647575","media":"Tiger Newspress","summary":"Walmart Inc(WMT.N)on Tuesday brushed aside concerns of a hit from the global supply chain crisis to ","content":"<p>Walmart Inc(WMT.N)on Tuesday brushed aside concerns of a hit from the global supply chain crisis to raise its annual sales and profit forecasts, banking on soaring demand expected during the crucial holiday season.</p>\n<p>The retail giant said inventory in the United States was up 11.5% ahead of the busy festive season even as companies struggle to keep their shelves filled due to shipping logjams.</p>\n<p>\"We have the people, the products, and the prices to deliver a great holiday season for our customers and members,\" Chief Executive Officer Doug McMillon said in a statement.</p>\n<p>The company expects full-year U.S. same-store sales to be more than 6% higher than its prior forecast of a 5% to 6% rise. Adjusted profit is expected to be around $6.40 per share up from a previous range of $6.20 to $6.35.</p>\n<p>In the third quarter, sales at U.S. stores open at least a year rose 9.2%, excluding fuel, benefiting from higher grocery demand and people buying more at stores. Analysts had estimated a gain of 7.04%, according to Refinitiv data.</p>\n<p>Overall operating, selling, general and administrative expenses rose 3.9% in the quarter, while operating income rose marginally to $5.79 billion.</p>\n<p>Walmart's total revenue grew by a better-than-expected 4.3% to $140.53 billion and on an adjusted basis it earned $1.45 per share.</p>\n<p>Its&nbsp;shares&nbsp;rose&nbsp;over&nbsp;2%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/db34a9bf91809c262cc96ae553f0e961\" tg-width=\"770\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Walmart sets aside supply chain worries to raise annual sales, profit forecasts</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\">\nWalmart sets aside supply chain worries to raise annual sales, profit forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-16 20:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Walmart Inc(WMT.N)on Tuesday brushed aside concerns of a hit from the global supply chain crisis to raise its annual sales and profit forecasts, banking on soaring demand expected during the crucial holiday season.</p>\n<p>The retail giant said inventory in the United States was up 11.5% ahead of the busy festive season even as companies struggle to keep their shelves filled due to shipping logjams.</p>\n<p>\"We have the people, the products, and the prices to deliver a great holiday season for our customers and members,\" Chief Executive Officer Doug McMillon said in a statement.</p>\n<p>The company expects full-year U.S. same-store sales to be more than 6% higher than its prior forecast of a 5% to 6% rise. Adjusted profit is expected to be around $6.40 per share up from a previous range of $6.20 to $6.35.</p>\n<p>In the third quarter, sales at U.S. stores open at least a year rose 9.2%, excluding fuel, benefiting from higher grocery demand and people buying more at stores. Analysts had estimated a gain of 7.04%, according to Refinitiv data.</p>\n<p>Overall operating, selling, general and administrative expenses rose 3.9% in the quarter, while operating income rose marginally to $5.79 billion.</p>\n<p>Walmart's total revenue grew by a better-than-expected 4.3% to $140.53 billion and on an adjusted basis it earned $1.45 per share.</p>\n<p>Its&nbsp;shares&nbsp;rose&nbsp;over&nbsp;2%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/db34a9bf91809c262cc96ae553f0e961\" tg-width=\"770\" tg-height=\"567\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176647575","content_text":"Walmart Inc(WMT.N)on Tuesday brushed aside concerns of a hit from the global supply chain crisis to raise its annual sales and profit forecasts, banking on soaring demand expected during the crucial holiday season.\nThe retail giant said inventory in the United States was up 11.5% ahead of the busy festive season even as companies struggle to keep their shelves filled due to shipping logjams.\n\"We have the people, the products, and the prices to deliver a great holiday season for our customers and members,\" Chief Executive Officer Doug McMillon said in a statement.\nThe company expects full-year U.S. same-store sales to be more than 6% higher than its prior forecast of a 5% to 6% rise. Adjusted profit is expected to be around $6.40 per share up from a previous range of $6.20 to $6.35.\nIn the third quarter, sales at U.S. stores open at least a year rose 9.2%, excluding fuel, benefiting from higher grocery demand and people buying more at stores. Analysts had estimated a gain of 7.04%, according to Refinitiv data.\nOverall operating, selling, general and administrative expenses rose 3.9% in the quarter, while operating income rose marginally to $5.79 billion.\nWalmart's total revenue grew by a better-than-expected 4.3% to $140.53 billion and on an adjusted basis it earned $1.45 per share.\nIts shares rose over 2% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873465347,"gmtCreate":1636978444849,"gmtModify":1636978444992,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873465347","repostId":"1156708611","repostType":4,"repost":{"id":"1156708611","pubTimestamp":1636975337,"share":"https://www.laohu8.com/m/news/1156708611?lang=&edition=full","pubTime":"2021-11-15 19:22","market":"us","language":"en","title":"Santa Claus is coming to town – but at what cost to Walmart and Target?","url":"https://stock-news.laohu8.com/highlight/detail?id=1156708611","media":"Reuters","summary":"Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmar","content":"<p>Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart(WMT.N)and Target(TGT.N)may still see margins fall as surging costs for labor, warehousing and ocean and land freight threaten to play Grinch.</p>\n<p>Retailers have been under tremendous pressure from investors to control costs amid uncertainty driven by the pandemic. Shipping logjams, shuttered factories in China and Vietnam, and a scarcity of raw materials have ripped through supply chains in the United States in recent months, and left companies scrambling to make sure they have enough product for the crucial holiday shopping season.</p>\n<p>For the third quarter, both costs of goods sold and selling, general and advertising expenses for Target are expected to rise about 10%, while Walmart's operating expenses are expected to rise nearly 4% to $28.57 billion, according to Refinitiv data.</p>\n<p>Walmart, the world’s biggest retailer, will report earnings on Tuesday, while Target is scheduled to post results on Wednesday.</p>\n<p>Late last month, ecommerce giant Amazon.com(AMZN.O)said it expects costs during the holiday period to reach about $4 billion as higher wages and other operational disruptions diminish the company's windfall from online shopping.</p>\n<p>\"It is one competitive market for labor, freight, and customers. We believe most will be prudent in guiding to fourth-quarter profitability even with healthy sales,\" Evercore analyst Greg Melich said.</p>\n<p>RISING RENTS, WAGES</p>\n<p>Industry warehouse rents are expected to rise 18-19% this year, according to real estate investment trust Prologis(PLD.N), whose customers include Walmart, Amazon and Target. For the full year, analysts expect Walmart’s rent expenses to rise 7% to $3.28 billion, according to Refinitiv.</p>\n<p>“Importers of clothing and footwear are paying essentially double what they were paying for transportation before the pandemic,” according to Jason Miller, associate professor of supply chain management at Michigan State University’s Eli Broad College of Business.</p>\n<p>Insurance and freight costs crept up to 6.4% of the value of the imported products in September 2021, versus 3.7% in September 2019, according to Miller, who analyzed data from USA Trade Online, which is maintained by the Census Bureau.</p>\n<p>Logistics expenses are also on the rise as retailers need to get more products around the country to satiate growing consumer demand, Mark Manduca, chief investment officer at logistics firm GXO, whose clients include Apple, Nike and Abercrombie &amp; Fitch.</p>\n<p>Meanwhile, a competitive labor environment has pushed wages up across the country.</p>\n<p>Still, experts and analysts have said that retailers with bigger scale are better placed to tide over these supply chain issues and pass on higher prices to the buyers.</p>\n<p>\"Everybody's facing higher expenses but Walmart also has a much more efficient supply chain - they should have a very good holiday season, even with all the cost pressure,\" Telsey Group analyst Joe Feldman said.</p>\n<p>U.S. holiday sales could rise as much as 10.5% to $859 billion, according to one forecast.</p>","source":"lsy1601381805984","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>Santa Claus is coming to town – but at what cost to Walmart and Target?</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; 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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\">\nSanta Claus is coming to town – but at what cost to Walmart and Target?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-15 19:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/retail-consumer/santa-claus-is-coming-town-what-cost-walmart-target-2021-11-15/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart(WMT.N)and Target(TGT.N)may still see margins fall as surging costs for labor, warehousing and ...</p>\n\n<a href=\"https://www.reuters.com/business/retail-consumer/santa-claus-is-coming-town-what-cost-walmart-target-2021-11-15/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","TGT":"塔吉特"},"source_url":"https://www.reuters.com/business/retail-consumer/santa-claus-is-coming-town-what-cost-walmart-target-2021-11-15/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156708611","content_text":"Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart(WMT.N)and Target(TGT.N)may still see margins fall as surging costs for labor, warehousing and ocean and land freight threaten to play Grinch.\nRetailers have been under tremendous pressure from investors to control costs amid uncertainty driven by the pandemic. Shipping logjams, shuttered factories in China and Vietnam, and a scarcity of raw materials have ripped through supply chains in the United States in recent months, and left companies scrambling to make sure they have enough product for the crucial holiday shopping season.\nFor the third quarter, both costs of goods sold and selling, general and advertising expenses for Target are expected to rise about 10%, while Walmart's operating expenses are expected to rise nearly 4% to $28.57 billion, according to Refinitiv data.\nWalmart, the world’s biggest retailer, will report earnings on Tuesday, while Target is scheduled to post results on Wednesday.\nLate last month, ecommerce giant Amazon.com(AMZN.O)said it expects costs during the holiday period to reach about $4 billion as higher wages and other operational disruptions diminish the company's windfall from online shopping.\n\"It is one competitive market for labor, freight, and customers. We believe most will be prudent in guiding to fourth-quarter profitability even with healthy sales,\" Evercore analyst Greg Melich said.\nRISING RENTS, WAGES\nIndustry warehouse rents are expected to rise 18-19% this year, according to real estate investment trust Prologis(PLD.N), whose customers include Walmart, Amazon and Target. For the full year, analysts expect Walmart’s rent expenses to rise 7% to $3.28 billion, according to Refinitiv.\n“Importers of clothing and footwear are paying essentially double what they were paying for transportation before the pandemic,” according to Jason Miller, associate professor of supply chain management at Michigan State University’s Eli Broad College of Business.\nInsurance and freight costs crept up to 6.4% of the value of the imported products in September 2021, versus 3.7% in September 2019, according to Miller, who analyzed data from USA Trade Online, which is maintained by the Census Bureau.\nLogistics expenses are also on the rise as retailers need to get more products around the country to satiate growing consumer demand, Mark Manduca, chief investment officer at logistics firm GXO, whose clients include Apple, Nike and Abercrombie & Fitch.\nMeanwhile, a competitive labor environment has pushed wages up across the country.\nStill, experts and analysts have said that retailers with bigger scale are better placed to tide over these supply chain issues and pass on higher prices to the buyers.\n\"Everybody's facing higher expenses but Walmart also has a much more efficient supply chain - they should have a very good holiday season, even with all the cost pressure,\" Telsey Group analyst Joe Feldman said.\nU.S. holiday sales could rise as much as 10.5% to $859 billion, according to one forecast.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873024523,"gmtCreate":1636807679491,"gmtModify":1636807679491,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873024523","repostId":"1151602326","repostType":4,"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879653902,"gmtCreate":1636720934979,"gmtModify":1636720935067,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879653902","repostId":"1147325310","repostType":4,"repost":{"id":"1147325310","pubTimestamp":1636717889,"share":"https://www.laohu8.com/m/news/1147325310?lang=&edition=full","pubTime":"2021-11-12 19:51","market":"sg","language":"en","title":"Singapore’s Volatile Power Market Beats Crypto’s Wild Swings","url":"https://stock-news.laohu8.com/highlight/detail?id=1147325310","media":"Bloomberg","summary":"Singapore’s wholesale electricity prices have surged to a record high and slumped below zero in the ","content":"<p>Singapore’s wholesale electricity prices have surged to a record high and slumped below zero in the span of a month, a level of volatility more nerve-wracking than Bitcoin’s.</p>\n<p>Power generation companies were paying buyers to take electricity before dawn on Nov. 11, with prices going negative at about -S$5.05 per megawatt-hour, according to data from Singapore’s Energy Market Company. That’s the first time since 2019 that prices fell below zero, and is a sharp reversal from last month’s record-high rates above S$3,811.</p>\n<p><img src=\"https://static.tigerbbs.com/28d1366e1c13e5bd88efecc02bf91737\" tg-width=\"1234\" tg-height=\"696\" width=\"100%\" height=\"auto\"></p>\n<p>Singapore’s wholesale power market operator said that demand at dawn is typically low and “generation companies might choose to make negative offers for operational or commercial reasons.”</p>\n<p>Energy crises have caused power prices to soar in many countries, including China, as industries restart, outpacing supplies of natural gas and coal. Volatile prices have bankrupted electricity companies from the U.K. to the U.S. In Singapore, at least five independent power retailers exited the market last month after being forced to buy electricity at record-high rates or risk defaulting on customers.</p>","source":"lsy1584095487587","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>Singapore’s Volatile Power Market Beats Crypto’s Wild Swings</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\">\nSingapore’s Volatile Power Market Beats Crypto’s Wild Swings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-11-12/singapore-s-volatile-power-market-beats-crypto-s-wild-swings><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s wholesale electricity prices have surged to a record high and slumped below zero in the span of a month, a level of volatility more nerve-wracking than Bitcoin’s.\nPower generation ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-11-12/singapore-s-volatile-power-market-beats-crypto-s-wild-swings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-12/singapore-s-volatile-power-market-beats-crypto-s-wild-swings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147325310","content_text":"Singapore’s wholesale electricity prices have surged to a record high and slumped below zero in the span of a month, a level of volatility more nerve-wracking than Bitcoin’s.\nPower generation companies were paying buyers to take electricity before dawn on Nov. 11, with prices going negative at about -S$5.05 per megawatt-hour, according to data from Singapore’s Energy Market Company. That’s the first time since 2019 that prices fell below zero, and is a sharp reversal from last month’s record-high rates above S$3,811.\n\nSingapore’s wholesale power market operator said that demand at dawn is typically low and “generation companies might choose to make negative offers for operational or commercial reasons.”\nEnergy crises have caused power prices to soar in many countries, including China, as industries restart, outpacing supplies of natural gas and coal. Volatile prices have bankrupted electricity companies from the U.K. to the U.S. In Singapore, at least five independent power retailers exited the market last month after being forced to buy electricity at record-high rates or risk defaulting on customers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":878350700,"gmtCreate":1637153006987,"gmtModify":1637153006987,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/878350700","repostId":"1125512482","repostType":4,"repost":{"id":"1125512482","pubTimestamp":1637152604,"share":"https://www.laohu8.com/m/news/1125512482?lang=&edition=full","pubTime":"2021-11-17 20:36","market":"us","language":"en","title":"Volkswagen powers up the grid to take on Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1125512482","media":"Reuters","summary":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment t","content":"<p>Volkswagen&nbsp;plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla&nbsp;in a key electric vehicle (EV) battleground: power infrastructure.</p>\n<p>By ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.</p>\n<p>Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE&nbsp;and Innogy, to help the carmaker get in better shape to take on Tesla.</p>\n<p>In the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.</p>\n<p>Getting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.</p>\n<p>\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"</p>\n<p>Temme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.</p>\n<p>Volkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a&nbsp;Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.</p>\n<p>PLAYING CATCH UP</p>\n<p>But when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.</p>\n<p>Tesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.</p>\n<p>The company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.</p>\n<p>Volkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.</p>\n<p>Volkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.</p>\n<p>But that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.</p>\n<p>In Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's&nbsp;Mercedes-Benz, Ford&nbsp;and Hyundai.</p>\n<p>It has also teamed up with energy firms such as Italy's Enel, Britain's BP&nbsp;and Spain's Iberdrola&nbsp;to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.</p>\n<p>\"Various models are conceivable, from product partnerships and joint ventures to M&amp;A,\" said Temme.</p>\n<p>CARS AND POWER</p>\n<p>Tesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.</p>\n<p>Volkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.</p>\n<p>She said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.</p>\n<p>\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.</p>\n<p>\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"</p>\n<p>Volkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.</p>\n<p>The problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.</p>\n<p>From the first quarter of 2022, Volkswagen plans to offer \"Plug &amp; Charge\" technology in Europe to make the process smoother.</p>\n<p>The car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.</p>\n<p>While these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.</p>\n<p>\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.</p>\n<p>\"These challenges are of similar magnitude.\"</p>\n<p>($1 = 0.8738 euros)</p>","source":"lsy1601381805984","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>Volkswagen powers up the grid to take on Tesla</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\">\nVolkswagen powers up the grid to take on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-17 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAF":"Volkswagen AG","TSLA":"特斯拉"},"source_url":"https://www.reuters.com/business/autos-transportation/volkswagen-powers-up-grid-take-tesla-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125512482","content_text":"Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.\nBy ensuring there are enough fast-charging plugs - and enough power - for the EVs it wants to sell, Europe's biggest carmaker hopes to convince drivers worried about battery ranges that they can ditch their fossil fuel cars for good.\nUnderlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla.\nIn the job since January, Temme, 53, has been tasked with bundling the carmaker's various power activities such as procuring energy, enabling customers to charge their cars at home, and on the road, and selling the electricity required.\nGetting this done will require a bigger workforce and Temme plans to double the staff at Volkswagen's European charging and energy division, known as Elli, to about 300 in 2022, having already tripled it this year, she told Reuters in an interview.\n\"We're investing in huge growth areas that don't always have to be profitable right away. We always see these investments in the overall context of our group strategy,\" she said. \"That's why building up a comprehensive infrastructure is key.\"\nTemme declined to specify the budget she has been given but said Volkswagen, led by Tesla admirer Herbert Diess, has approved the investment requests for the division, which also sells home battery storage systems similar to Tesla's Powerwall.\nVolkswagen leads the pack worldwide by far with its investment plans for EVs and batteries through 2030, according to a Reuters analysis, and it is planning to spend 35 billion euros on battery EVs by 2025.\nPLAYING CATCH UP\nBut when it comes to the networks of fast-chargers that many analysts believe are crucial for bringing EVs into the mainstream, VW has some catching up to do.\nTesla has been rolling out high-performance Superchargers for years and has a global network of about 30,000 fast-chargers that it says can give a 200 km (125 mile) boost in 15 minutes.\nThe company said in October that its own network has doubled in the past 18 months - and will triple over the next two years.\nVolkswagen, meanwhile expects its network of fast-chargers to nearly quadruple to about 45,000 by 2025 - when it aims to overhaul Tesla as the global EV market leader - with 18,000 EV pumps in Europe, 17,000 in China and 10,000 in North America.\nVolkswagen in March said it plans to spend 400 million euros on expanding its fast-charging network on the continent by then.\nBut that's a drop in the ocean compared with the 5 billion euros the European Union reckons is needed every year until 2040 to expand charging infrastructure on the continent, and it is raising the pressure on utilities and governments to step up.\nIn Europe, the Volkswagen group is a shareholder in the EU's fast-charging venture Ionity, along with rival carmakers BMW, Daimler's Mercedes-Benz, Ford and Hyundai.\nIt has also teamed up with energy firms such as Italy's Enel, Britain's BP and Spain's Iberdrola to plug geographical gaps and form the blueprint for how funding for EV infrastructure can be split across industries.\n\"Various models are conceivable, from product partnerships and joint ventures to M&A,\" said Temme.\nCARS AND POWER\nTesla has already shown that when it comes to EVs, just selling cars no longer cuts it. It has adopted a model that offers customers everything from cars to battery storage to solar panels as well aselectricityin some U.S. states.\nVolkswagen is now selling power to retail clients that drive an EV or plug-in hybrids. One of its tariffs - which is available to customers who don't own a VW - has attracted more than 10,000 clients since its launch in July, Temme said.\nShe said VW was planning to make its fast-chargers available for all EV drivers, unlike Tesla which has so far kept its supercharging network just for Tesla drivers - with the exception of a pilot programme in the Netherlands.\n\"We are pursuing a different approach than Tesla when it comes to charging infrastructure roll-out,\" said Temme.\n\"We want an open, non-discriminatory charging network and will develop our services to make our offer more comfortable, simpler, more attractive.\"\nVolkswagen says its open-for-all approach means buyers of its EVs can charge at more than 250,000 existing public charging points across Europe - from various providers with various charging speeds.\nThe problem is that charging protocols and payment methods can vary across vendors, potentially turning the act of refueling an EV into a time-consuming and messy undertaking.\nFrom the first quarter of 2022, Volkswagen plans to offer \"Plug & Charge\" technology in Europe to make the process smoother.\nThe car will store the owner's payment details and make a contactless payment when the charging plug is attached to the EV at refuelling stations set up for the service.\nWhile these are new challenges for established carmakers, Temme, who witnessed first-hand the abrupt shift of Germany's utilities away from nuclear power in the wake of the Fukushima disaster, believes they can be mastered.\n\"Utilities must reinvent themselves and transition from nuclear and coal to renewables. In the automotive industry, including at Volkswagen, the question is currently how to consistently shift the focus from conventional vehicles to sustainable mobility,\" she said.\n\"These challenges are of similar magnitude.\"\n($1 = 0.8738 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826542428,"gmtCreate":1634043110027,"gmtModify":1634043110112,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/826542428","repostId":"2174135607","repostType":4,"repost":{"id":"2174135607","pubTimestamp":1634042758,"share":"https://www.laohu8.com/m/news/2174135607?lang=&edition=full","pubTime":"2021-10-12 20:45","market":"us","language":"en","title":"Tesla Earnings: What to Look For","url":"https://stock-news.laohu8.com/highlight/detail?id=2174135607","media":"Motley Fool","summary":"Can the company's third-quarter update live up to its recently reported record deliveries for the period?","content":"<p>Electric-car maker <b>Tesla</b> (NASDAQ:TSLA) has put a date to its third-quarter earnings report: Oct. 20. The report comes as the automaker's sales are soaring. Third-quarter deliveries, which get announced before the company's financial results, rose substantially both on a year-over-year and sequential basis. Can the automaker's third-quarter report live up to the high expectations that were bolstered by such a strong update on vehicle deliveries?</p>\n<p>Ahead of Tesla's earnings release next week, here's a look at some of the key areas investors will want to be watching.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646302%2Ftesla-earnings.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>Model Y. Image source: Tesla.</span></p>\n<h2>1. Earnings</h2>\n<p>We already know Tesla's revenue must have jumped sharply in Q3. The company announced earlier this month that total deliveries during the period came in above 241,000, representing 73% year-over-year growth. A boost in vehicle sales this substantial, therefore, will surely translate to significant top-line growth -- and strong earnings growth during the period is likely, too.</p>\n<p>What's less clear is the degree of earnings growth that likely occurred during the period. While improved scale and higher sales should lead to a meaningful jump in earnings, it's difficult to estimate how profit margins will fare in a challenging supply and logistics environment.</p>\n<p>\"Regarding supply chain,\" said Tesla CEO Elon Musk in the company's second-quarter earnings call, \"while we're making cars at full speed, the global chip shortage situation remains quite serious.\" Furthermore, Tesla management cited other operating environment challenges, including port congestion, in the company's second-quarter shareholder letter. These challenges could lead to higher costs and make sharp earnings growth more difficult.</p>\n<p>On average, analysts expect non-GAAP earnings per share or $1.49 for the period, up from $0.76 in the year-ago period.</p>\n<h2>2. Demand</h2>\n<p>Investors will also want to look to see if Tesla provides any commentary on demand for its vehicles. The automaker said that global demand for its vehicles was at record levels at the end of Q2. Did this trend for orders persist in Q3?</p>\n<p>Given Tesla's ambitious expansion plans, investors should look for orders to once again be at record levels as of the end of Q3.</p>\n<h2>3. Guidance</h2>\n<p>All year, Tesla has been guiding for deliveries to increase from about 500,000 last year to more than 750,000 this year. But with Tesla already delivering over 627,000 cars this year, and considering that Tesla delivered more than 241,000 units in Q3 alone, Tesla's full-year outlook for vehicle deliveries now appears too conservative.</p>\n<p>Investors should look to see if Tesla revises its full-year 2021 vehicle delivery guidance higher -- hopefully to around 850,000, or possibly even more.</p>\n<p>Tesla is scheduled to report its third-quarter quarterly results after market close on Wednesday, Oct. 20.</p>","source":"fool_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>Tesla Earnings: What to Look For</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\">\nTesla Earnings: What to Look For\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-12 20:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/12/tesla-earnings-what-to-look-for/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric-car maker Tesla (NASDAQ:TSLA) has put a date to its third-quarter earnings report: Oct. 20. The report comes as the automaker's sales are soaring. Third-quarter deliveries, which get ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/12/tesla-earnings-what-to-look-for/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/10/12/tesla-earnings-what-to-look-for/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2174135607","content_text":"Electric-car maker Tesla (NASDAQ:TSLA) has put a date to its third-quarter earnings report: Oct. 20. The report comes as the automaker's sales are soaring. Third-quarter deliveries, which get announced before the company's financial results, rose substantially both on a year-over-year and sequential basis. Can the automaker's third-quarter report live up to the high expectations that were bolstered by such a strong update on vehicle deliveries?\nAhead of Tesla's earnings release next week, here's a look at some of the key areas investors will want to be watching.\nModel Y. Image source: Tesla.\n1. Earnings\nWe already know Tesla's revenue must have jumped sharply in Q3. The company announced earlier this month that total deliveries during the period came in above 241,000, representing 73% year-over-year growth. A boost in vehicle sales this substantial, therefore, will surely translate to significant top-line growth -- and strong earnings growth during the period is likely, too.\nWhat's less clear is the degree of earnings growth that likely occurred during the period. While improved scale and higher sales should lead to a meaningful jump in earnings, it's difficult to estimate how profit margins will fare in a challenging supply and logistics environment.\n\"Regarding supply chain,\" said Tesla CEO Elon Musk in the company's second-quarter earnings call, \"while we're making cars at full speed, the global chip shortage situation remains quite serious.\" Furthermore, Tesla management cited other operating environment challenges, including port congestion, in the company's second-quarter shareholder letter. These challenges could lead to higher costs and make sharp earnings growth more difficult.\nOn average, analysts expect non-GAAP earnings per share or $1.49 for the period, up from $0.76 in the year-ago period.\n2. Demand\nInvestors will also want to look to see if Tesla provides any commentary on demand for its vehicles. The automaker said that global demand for its vehicles was at record levels at the end of Q2. Did this trend for orders persist in Q3?\nGiven Tesla's ambitious expansion plans, investors should look for orders to once again be at record levels as of the end of Q3.\n3. Guidance\nAll year, Tesla has been guiding for deliveries to increase from about 500,000 last year to more than 750,000 this year. But with Tesla already delivering over 627,000 cars this year, and considering that Tesla delivered more than 241,000 units in Q3 alone, Tesla's full-year outlook for vehicle deliveries now appears too conservative.\nInvestors should look to see if Tesla revises its full-year 2021 vehicle delivery guidance higher -- hopefully to around 850,000, or possibly even more.\nTesla is scheduled to report its third-quarter quarterly results after market close on Wednesday, Oct. 20.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878350119,"gmtCreate":1637152974966,"gmtModify":1637152974966,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/878350119","repostId":"1125512482","repostType":4,"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821700925,"gmtCreate":1633783013397,"gmtModify":1633783013455,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/821700925","repostId":"2174921131","repostType":4,"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874838355,"gmtCreate":1637754171086,"gmtModify":1637754171086,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874838355","repostId":"2185591503","repostType":4,"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876003875,"gmtCreate":1637239985448,"gmtModify":1637239985448,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876003875","repostId":"1183966718","repostType":4,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873024523,"gmtCreate":1636807679491,"gmtModify":1636807679491,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873024523","repostId":"1151602326","repostType":4,"repost":{"id":"1151602326","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636767621,"share":"https://www.laohu8.com/m/news/1151602326?lang=&edition=full","pubTime":"2021-11-13 09:40","market":"us","language":"en","title":"Musk sold 1.2 million Tesla shares on November 12","url":"https://stock-news.laohu8.com/highlight/detail?id=1151602326","media":"Tiger Newspress","summary":"Musk sold 1.2 million Tesla shares at an average price of $1032.5 on November 12,according to SEC documents.At present, Musk still holds 166.3 million Tesla shares.So far, Musk has sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares.","content":"<p>Musk sold 1.2 million Tesla shares at an average price of $1032.5 on November 12,according to SEC documents.At present, Musk still holds 166.3 million Tesla shares.</p>\n<p>So far, Musk has sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk sold 1.2 million Tesla shares on November 12</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\">\nMusk sold 1.2 million Tesla shares on November 12\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-13 09:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Musk sold 1.2 million Tesla shares at an average price of $1032.5 on November 12,according to SEC documents.At present, Musk still holds 166.3 million Tesla shares.</p>\n<p>So far, Musk has sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151602326","content_text":"Musk sold 1.2 million Tesla shares at an average price of $1032.5 on November 12,according to SEC documents.At present, Musk still holds 166.3 million Tesla shares.\nSo far, Musk has sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846775324,"gmtCreate":1636118660643,"gmtModify":1636119011405,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/846775324","repostId":"1136116425","repostType":4,"repost":{"id":"1136116425","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636104081,"share":"https://www.laohu8.com/m/news/1136116425?lang=&edition=full","pubTime":"2021-11-05 17:21","market":"us","language":"en","title":"U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1136116425","media":"Tiger Newspress","summary":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regu","content":"<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p>\n<p>At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p>\n<p><img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Trading Hours</b></p>\n<p>U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p>\n<p><b>pre-trade</b></p>\n<p>U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p>\n<p><b>post-trade</b></p>\n<p>U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p>\n<p>(Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021</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\">\nU.S. Daylight Saving Time Ends on Sunday, Nov.7 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-05 17:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p>\n<p>At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p>\n<p><img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Trading Hours</b></p>\n<p>U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p>\n<p><b>pre-trade</b></p>\n<p>U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p>\n<p><b>post-trade</b></p>\n<p>U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p>\n<p>(Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136116425","content_text":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. \n\nTrading Hours\nU.S. Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~ 5:00 the next day\npre-trade\nU.S. Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00 ~ 22:30\npost-trade\nU.S. Eastern Time:16：00~20：00;Beijing time/SGT:5:00 ~ 9:00\n(Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)","news_type":1},"isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875091400,"gmtCreate":1637584556056,"gmtModify":1637584556174,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875091400","repostId":"2185787906","repostType":4,"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827224815,"gmtCreate":1634483152079,"gmtModify":1634483152199,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/827224815","repostId":"1169383767","repostType":4,"repost":{"id":"1169383767","pubTimestamp":1634311170,"share":"https://www.laohu8.com/m/news/1169383767?lang=&edition=full","pubTime":"2021-10-15 23:19","market":"us","language":"en","title":"Plug Power's Lowered Guidance Lacking Detail, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1169383767","media":"TheStreet","summary":"'Details were not provided,' Coker Palmer analyst Vaibhav Vaishnav writes. He has a price target of ","content":"<p>'Details were not provided,' Coker Palmer analyst Vaibhav Vaishnav writes. He has a price target of $13 for the stock, compared to its recent quote of $32.08.</p>\n<p>While Plug Power&nbsp;shares firmed Friday after the hydrogen technology company’s earnings guidance beat expectations, at least one analyst wanted something else: details.</p>\n<p>“Details were not provided,” Vaibhav Vaishnav of Coker Palmer Institutional wrote in a commentary. He sees tough sledding for Plug Power’s stock in the near term, with a price target of $13. He rates Plug Power a sector underperform.</p>\n<p>The stock recently traded at $32.13, up 1%.</p>\n<p>Among the details Vaishnav sees as missing: Specifics on the company's $3 billion revenue estimate as well as investments needed to achieve its stated targets.</p>\n<p>“The company spoke only about $1 billion in revenue from material handling and $700 million from hydrogen fuel,” Vaishnav said. “We assume the current four segments together total $1 billion, and $700 million is from third-party sales. PLUG also mentioned three gigawatt installed electrolyzers by 2025,\" the analyst wrote.</p>\n<p>What's more, Plug Power is targeting 500 Temperature Programmed Desorption (TPD) plants and 1,000 TPD plants by 2025/'28 respectively.</p>\n<p>\"Each 20 TPD plant costs $100 million, implying $2 billion/$4 billion capex beyond the initial 100 TPD targeted by the end of 2022,\" Viashnav wrote. \"PLUG intends to build a GW factory in Korea and a 2 GW factory in Australia. The HYVIA production facility could cost $200 million.</p>\n<p>Also lacking additional detail, according to Viashnav: the company's estimates on how much it can make on hydrogen sales.</p>\n<p>“The average purchase price for hydrogen from third parties, the amount of hydrogen lost in storage/transfer and the selling price to internal customers,\" Vaishnav said.</p>\n<p>\"The company estimates it can generate 30% gross margins at $6/kilogram, which makes sense to us. But we look for clarity on translation from the $6/kg selling price to an effective price realized of $4/Kg in 2019/’20/1H ‘21.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power's Lowered Guidance Lacking Detail, Analyst Says</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\">\nPlug Power's Lowered Guidance Lacking Detail, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-15 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/coker-palmer-lack-of-detail-plug-power><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>'Details were not provided,' Coker Palmer analyst Vaibhav Vaishnav writes. He has a price target of $13 for the stock, compared to its recent quote of $32.08.\nWhile Plug Power shares firmed Friday ...</p>\n\n<a href=\"https://www.thestreet.com/investing/coker-palmer-lack-of-detail-plug-power\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.thestreet.com/investing/coker-palmer-lack-of-detail-plug-power","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169383767","content_text":"'Details were not provided,' Coker Palmer analyst Vaibhav Vaishnav writes. He has a price target of $13 for the stock, compared to its recent quote of $32.08.\nWhile Plug Power shares firmed Friday after the hydrogen technology company’s earnings guidance beat expectations, at least one analyst wanted something else: details.\n“Details were not provided,” Vaibhav Vaishnav of Coker Palmer Institutional wrote in a commentary. He sees tough sledding for Plug Power’s stock in the near term, with a price target of $13. He rates Plug Power a sector underperform.\nThe stock recently traded at $32.13, up 1%.\nAmong the details Vaishnav sees as missing: Specifics on the company's $3 billion revenue estimate as well as investments needed to achieve its stated targets.\n“The company spoke only about $1 billion in revenue from material handling and $700 million from hydrogen fuel,” Vaishnav said. “We assume the current four segments together total $1 billion, and $700 million is from third-party sales. PLUG also mentioned three gigawatt installed electrolyzers by 2025,\" the analyst wrote.\nWhat's more, Plug Power is targeting 500 Temperature Programmed Desorption (TPD) plants and 1,000 TPD plants by 2025/'28 respectively.\n\"Each 20 TPD plant costs $100 million, implying $2 billion/$4 billion capex beyond the initial 100 TPD targeted by the end of 2022,\" Viashnav wrote. \"PLUG intends to build a GW factory in Korea and a 2 GW factory in Australia. The HYVIA production facility could cost $200 million.\nAlso lacking additional detail, according to Viashnav: the company's estimates on how much it can make on hydrogen sales.\n“The average purchase price for hydrogen from third parties, the amount of hydrogen lost in storage/transfer and the selling price to internal customers,\" Vaishnav said.\n\"The company estimates it can generate 30% gross margins at $6/kilogram, which makes sense to us. But we look for clarity on translation from the $6/kg selling price to an effective price realized of $4/Kg in 2019/’20/1H ‘21.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696745131,"gmtCreate":1640781567276,"gmtModify":1640781567373,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696745131","repostId":"2195145259","repostType":4,"isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872957164,"gmtCreate":1637404482163,"gmtModify":1637404482163,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/872957164","repostId":"2184054847","repostType":4,"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840359361,"gmtCreate":1635594665651,"gmtModify":1635594665651,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/840359361","repostId":"1160516340","repostType":4,"repost":{"id":"1160516340","pubTimestamp":1635576015,"share":"https://www.laohu8.com/m/news/1160516340?lang=&edition=full","pubTime":"2021-10-30 14:40","market":"us","language":"en","title":"5 Stocks For Halloween: Will They Be Tricks Or Treats?","url":"https://stock-news.laohu8.com/highlight/detail?id=1160516340","media":"Benzinga","summary":"Halloween will be celebrated on Sunday and could see significant changes from the 2020 event in the ","content":"<p>Halloween will be celebrated on Sunday and could see significant changes from the 2020 event&nbsp;in the middle of a COVID-19 pandemic that saw many cancel parties and plans to trick or treat.</p>\n<p>Here’s a look at what the data is pointing to for 2021 Halloween spending and five stocks to keep on the radar that could turn in strong quarters that include the holiday.</p>\n<p><b>Halloween Sales Expectations:</b>Consumers feel more comfortable resuming normal Halloween activities according to theNational Retail Federation.</p>\n<p>“This year, two-thirds (65%) of consumers plan to celebrate <a href=\"https://laohu8.com/S/AONE.U\">one</a> of America’s favorite holidays, up from 58% in 2020,” NRF said.</p>\n<p>The NRF sees consumers spending an average of $102.74 this year on Halloween, which would be the first time the figure has hit triple digits. Estimates last year were for spending of $92.12 by each consumer.</p>\n<p>Research points to candy and costumes as big winners by the return of Halloween activities along with decorations. Spending on decorations is expected to hit $3.3 billion, an all-time high.</p>\n<p>Is <a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>'s Stock Overvalued OrUndervalued?</p>\n<p>Halloween 2021 will also see a higher number of people without kids celebrating than in 2020. Estimates call for 55% of homes without children to celebrate, compared to 49% in 2020. The figure falls in line with pre-pandemic levels of anticipated adult costume spending.</p>\n<p><b><a href=\"https://laohu8.com/S/TR\">Tootsie Roll</a>:</b>Candy company<b><a href=\"https://laohu8.com/S/TR\">Tootsie Roll</a> Industries Inc</b></p>\n<p>TR-0.47%is a popular option for anyone handing out candy to trick or treaters. If you’ve ever gone trick or treating, chances are you got a ton of tootsie rolls, given their lower cost for anyone buying for a large number of visitors.</p>\n<p>The companyreportedthird-quarter sales of $183.1 million, up 17% year-over-year. The company saw a dip in fourth-quarter revenue last year compared to the prior year. Look for Tootsie Roll to see a rebound in the fourth quarter.</p>\n<p><b><a href=\"https://laohu8.com/S/HSY\">Hershey</a>:The <a href=\"https://laohu8.com/S/HSY\">Hershey</a> Co</b></p>\n<p>HSY-2.28%has diversified its products to include several snack brands, but candy remains the big revenue driver. The company owns many of the popular brands that will be sought out by trick or treaters. Hershey’sthird-quarterrevenue of $2.4 billion was the highest it has seen in years on a quarterly basis.</p>\n<p>“Consumer demand for our brands has remained robust,” Hershey Company CEO<b>Michele Buck</b>said. The company raised full-year sales guidance and a strong Halloween could help meet or exceed the updated expectations.</p>\n<p><b><a href=\"https://laohu8.com/S/JAKK\">Jakks Pacific</a>:</b>Toy company<b><a href=\"https://laohu8.com/S/JAKK\">Jakks Pacific</a> Inc</b></p>\n<p>JAKK-4.38%finds itself on the Halloween list thanks to its ownership of Disguise, the world’s leading costume design and manufacturing company. With more adults dressing up and a return of trick or treat activities, the company could be in for a strong quarter.</p>\n<p>The company’sthird-quarterrevenue was $237&nbsp;million, which included $64&nbsp;million in revenue for the costumes segment. Costume sales were up 16.4% year-over-year and the fourth quarter could continue that trend. Jakks Pacific had revenue of $128.3 million in the fourth quarter last year, a decline from the prior year. Last year’s fourth quarter featured a 91% year-over-year increase in costumes segment revenue. The third and fourth quarters are the company’s two biggest quarters for revenue.</p>\n<p><b>Party <a href=\"https://laohu8.com/S/CHCO\">City</a>:</b>Retailer<b>$Party <a href=\"https://laohu8.com/S/CHCO\">City</a> Holdco(PRTY)$ Inc</b></p>\n<p>PRTY+2.97%could be a popular destination for Halloween costumes and decorations. The company ended thesecond quarterwith 749 locations and is also a provider of third-party products to other retailers.</p>\n<p>Second-quarter revenue was up 110% year-over-year for the company.</p>\n<p>“We saw sequential acceleration of the business as the economy opened up and restrictions subsided, driving increased consumer ability to celebrate,” Party City CEO<b>Brad Weston</b>said. The company will report third-quarter earnings on Nov. 9, which could provide a better look at how the Halloween shopping looked.</p>\n<p><b><a href=\"https://laohu8.com/S/AMCX\">AMC Networks</a>:</b>Media company<b><a href=\"https://laohu8.com/S/AMCX\">AMC Networks</a></b></p>\n<p>AMCX-2.04%finds itself on the Halloween stock list thanks to its ownership of “The Walking Dead” franchise, horror film programming and as owner of horror focused streaming platform Shudder. AMC isairing“FearFest” from Oct. 1 through Oct. 31 on its namesake AMC and AMC+ channels, which could turn into a subscriber boosting event.</p>\n<p>“The Walking Dead” returned to the network with its final season beginning Oct. 10, which could be another October event to watch. Shudder, which is the largest horror focused streaming platform, is available for $4.75 a month on major streaming platforms. The platformhitone million subscribers in 2020. Pizza Hut, a<b><a href=\"https://laohu8.com/S/YUM\">Yum</a> Brands Inc</b></p>\n<p>YUM-0.75%company,partneredwith Shudder to offer a promotion for 30 days free.</p>","source":"lsy1606299360108","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>5 Stocks For Halloween: Will They Be Tricks Or Treats?</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\">\n5 Stocks For Halloween: Will They Be Tricks Or Treats?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-30 14:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/small-cap/21/10/23762347/5-stocks-for-halloween-will-they-be-tricks-or-treats><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Halloween will be celebrated on Sunday and could see significant changes from the 2020 event in the middle of a COVID-19 pandemic that saw many cancel parties and plans to trick or treat.\nHere’s a ...</p>\n\n<a href=\"https://www.benzinga.com/news/small-cap/21/10/23762347/5-stocks-for-halloween-will-they-be-tricks-or-treats\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHCO":"City Holding Company","TR":"Tootsie Roll Industries Inc","JAKK":"杰克仕太平洋","AMCX":"AMC网络公司","HSY":"好时"},"source_url":"https://www.benzinga.com/news/small-cap/21/10/23762347/5-stocks-for-halloween-will-they-be-tricks-or-treats","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160516340","content_text":"Halloween will be celebrated on Sunday and could see significant changes from the 2020 event in the middle of a COVID-19 pandemic that saw many cancel parties and plans to trick or treat.\nHere’s a look at what the data is pointing to for 2021 Halloween spending and five stocks to keep on the radar that could turn in strong quarters that include the holiday.\nHalloween Sales Expectations:Consumers feel more comfortable resuming normal Halloween activities according to theNational Retail Federation.\n“This year, two-thirds (65%) of consumers plan to celebrate one of America’s favorite holidays, up from 58% in 2020,” NRF said.\nThe NRF sees consumers spending an average of $102.74 this year on Halloween, which would be the first time the figure has hit triple digits. Estimates last year were for spending of $92.12 by each consumer.\nResearch points to candy and costumes as big winners by the return of Halloween activities along with decorations. Spending on decorations is expected to hit $3.3 billion, an all-time high.\nIs Coca-Cola's Stock Overvalued OrUndervalued?\nHalloween 2021 will also see a higher number of people without kids celebrating than in 2020. Estimates call for 55% of homes without children to celebrate, compared to 49% in 2020. The figure falls in line with pre-pandemic levels of anticipated adult costume spending.\nTootsie Roll:Candy companyTootsie Roll Industries Inc\nTR-0.47%is a popular option for anyone handing out candy to trick or treaters. If you’ve ever gone trick or treating, chances are you got a ton of tootsie rolls, given their lower cost for anyone buying for a large number of visitors.\nThe companyreportedthird-quarter sales of $183.1 million, up 17% year-over-year. The company saw a dip in fourth-quarter revenue last year compared to the prior year. Look for Tootsie Roll to see a rebound in the fourth quarter.\nHershey:The Hershey Co\nHSY-2.28%has diversified its products to include several snack brands, but candy remains the big revenue driver. The company owns many of the popular brands that will be sought out by trick or treaters. Hershey’sthird-quarterrevenue of $2.4 billion was the highest it has seen in years on a quarterly basis.\n“Consumer demand for our brands has remained robust,” Hershey Company CEOMichele Bucksaid. The company raised full-year sales guidance and a strong Halloween could help meet or exceed the updated expectations.\nJakks Pacific:Toy companyJakks Pacific Inc\nJAKK-4.38%finds itself on the Halloween list thanks to its ownership of Disguise, the world’s leading costume design and manufacturing company. With more adults dressing up and a return of trick or treat activities, the company could be in for a strong quarter.\nThe company’sthird-quarterrevenue was $237 million, which included $64 million in revenue for the costumes segment. Costume sales were up 16.4% year-over-year and the fourth quarter could continue that trend. Jakks Pacific had revenue of $128.3 million in the fourth quarter last year, a decline from the prior year. Last year’s fourth quarter featured a 91% year-over-year increase in costumes segment revenue. The third and fourth quarters are the company’s two biggest quarters for revenue.\nParty City:Retailer$Party City Holdco(PRTY)$ Inc\nPRTY+2.97%could be a popular destination for Halloween costumes and decorations. The company ended thesecond quarterwith 749 locations and is also a provider of third-party products to other retailers.\nSecond-quarter revenue was up 110% year-over-year for the company.\n“We saw sequential acceleration of the business as the economy opened up and restrictions subsided, driving increased consumer ability to celebrate,” Party City CEOBrad Westonsaid. The company will report third-quarter earnings on Nov. 9, which could provide a better look at how the Halloween shopping looked.\nAMC Networks:Media companyAMC Networks\nAMCX-2.04%finds itself on the Halloween stock list thanks to its ownership of “The Walking Dead” franchise, horror film programming and as owner of horror focused streaming platform Shudder. AMC isairing“FearFest” from Oct. 1 through Oct. 31 on its namesake AMC and AMC+ channels, which could turn into a subscriber boosting event.\n“The Walking Dead” returned to the network with its final season beginning Oct. 10, which could be another October event to watch. Shudder, which is the largest horror focused streaming platform, is available for $4.75 a month on major streaming platforms. The platformhitone million subscribers in 2020. Pizza Hut, aYum Brands Inc\nYUM-0.75%company,partneredwith Shudder to offer a promotion for 30 days free.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852166928,"gmtCreate":1635253903400,"gmtModify":1635253903526,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/852166928","repostId":"2178721405","repostType":4,"repost":{"id":"2178721405","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1635252117,"share":"https://www.laohu8.com/m/news/2178721405?lang=&edition=full","pubTime":"2021-10-26 20:41","market":"us","language":"en","title":"Missed Tesla? Here's The Next $1 Trillion Company","url":"https://stock-news.laohu8.com/highlight/detail?id=2178721405","media":"Investors","summary":"The idea of an S&P 500 company hitting $1 trillion in market value used to seem impossible. But analysts insist another is on the way.","content":"<p>The idea of an S&amp;P 500 company hitting $1 trillion in market value used to seem impossible. But <b>Tesla</b> just did it — and analysts insist another is on the way.</p>\n<p>Analysts think <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> should be the sixth S&amp;P 500 company valued at $1 trillion or more in 12 months or less, returning it to the trillion-dollar club. It would put the social networking giant in the same trillion-dollar league as <b>Apple</b>, <b>Microsoft</b>, <b>Alphabet</b>, <b>Amazon.com</b> and now Tesla.</p>\n<p>Shares of Facebook closed Monday at 328.69, down more than 14% from the 52-week high. That parked the company's valuation at $927 billion. But that was prior to the company late Monday topping third-quarter profit forecasts by 1.3% and jumping in after-hours trading to north of 337 a share. At this price, Facebook is worth $950 billion.</p>\n<p>It's only a matter of time until Facebook returns to the rarefied trillion-dollar air, though, say S&amp;P 500 analysts.</p>\n<h2>Trillion Dollar Redux For Facebook</h2>\n<p>Predicting Facebook will be a $1 trillion company is somewhat of an anticlimactic call.</p>\n<p>The company first closed above a trillion-dollar valuation back in July of this year. But since then, it's been on a rough run. Allegations of putting profit ahead of users' mental health, a high-profile outage and exposure to data limits at Apple knocked Facebook from its trillion-dollar perch. <b>Snap</b>'s recent disappointing third quarter and warning of problems tailoring social media ads on iPhones only fanned the worries.</p>\n<p>But analysts remain resolute on Facebook's future. They're calling for the stock to rally another 27% from Monday's close to 416.43 in 12 months, says data from S&amp;P Global Market Intelligence and MarketSmith. And if they're right, that would make Facebook a company valued at $1.17 billion. Should you buy Facebook stock now?</p>\n<p>Interestingly, if analysts are right, Facebook would supplant Tesla as the fifth most-valuable company in the S&amp;P 500. Analysts actually think Tesla's stock will drop 23% to 787.15. And if that's correct, it means Tesla would be worth just $779.3 billion, or a third less than what they think Facebook will be worth in 12 months. Should you buy Tesla stock now?</p>\n<h2>Who's Up In S&amp;P 500 After Facebook?</h2>\n<p>Facebook and Tesla might jockey for the trillion-dollar prize. But other than those two, are any other S&amp;P 500 stocks anywhere near a trillion? Nothing immediate.</p>\n<p>Warren Buffett's <b>Berkshire Hathaway</b> would appear next in line, as its market value is now $657.9 billion. Analysts, though, think even in 12 months time the company will be worth just $730.8 billion, falling shy of the trillion-dollar mark by nearly 40%. Also, it's not a particularly fast grower, so unlikely to surprise much to the upside. Analysts think Berkshire Hathaway's adjusted profit per share will only grow by 6.9% in 2022.</p>\n<p><b><a href=\"https://laohu8.com/S/V\">Visa</a></b> is a likely candidate in due time. The payment processing firm is already worth nearly $500 billion. And its adjusted profit per share is seen jumping 25% in 2022 to $7.26. Even so, analysts don't think it's going to happen anytime soon. Analysts are calling for the stock to inch up just 0.9% in 12 months.</p>\n<p>So it seems the world might need to be satisfied with five, or maybe six, trillion dollar companies for some time.</p>\n<h2>Analysts: The Most Valuable S&amp;P 500 Companies In The Future</h2>\n<p><i>Current and projected market values</i></p>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Ticker</th>\n   <th>Stock YTD % ch.</th>\n   <th>Market value now ($ trillions)</th>\n   <th>Analysts' 12-month market value target</th>\n   <th>Sector</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Apple</td>\n   <td></td>\n   <td>12.0%</td>\n   <td>$2.5</td>\n   <td><b>$2.7</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Microsoft</td>\n   <td></td>\n   <td>38.5%</td>\n   <td>$2.3</td>\n   <td><b>$2.5</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Alphabet</td>\n   <td></td>\n   <td>56.8%</td>\n   <td>$1.8</td>\n   <td><b>$2.2</b></td>\n   <td>Communication Services</td>\n  </tr>\n  <tr>\n   <td>Amazon.com</td>\n   <td></td>\n   <td>1.9%</td>\n   <td>$1.7</td>\n   <td><b>$2.1</b></td>\n   <td>Consumer Discretionary</td>\n  </tr>\n  <tr>\n   <td>Facebook</td>\n   <td></td>\n   <td>20.3%</td>\n   <td>$0.9</td>\n   <td><b>$1.2</b></td>\n   <td>Communication Services</td>\n  </tr>\n  <tr>\n   <td>Tesla</td>\n   <td></td>\n   <td>45.2%</td>\n   <td>$1.0</td>\n   <td><b>$0.8</b></td>\n   <td>Consumer Discretionary</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway</td>\n   <td></td>\n   <td>25.5%</td>\n   <td>$0.7</td>\n   <td><b>$0.7</b></td>\n   <td>Financials</td>\n  </tr>\n  <tr>\n   <td>Visa</td>\n   <td></td>\n   <td>6.9%</td>\n   <td>$0.6</td>\n   <td><b>$0.6</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Nvidia</td>\n   <td></td>\n   <td>77.4%</td>\n   <td>$0.6</td>\n   <td><b>$0.6</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase</td>\n   <td></td>\n   <td>34.5%</td>\n   <td>$0.5</td>\n   <td><b>$0.5</b></td>\n   <td>Financials</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>","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>Missed Tesla? Here's The Next $1 Trillion Company</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\">\nMissed Tesla? Here's The Next $1 Trillion Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-10-26 20:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The idea of an S&amp;P 500 company hitting $1 trillion in market value used to seem impossible. But <b>Tesla</b> just did it — and analysts insist another is on the way.</p>\n<p>Analysts think <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> should be the sixth S&amp;P 500 company valued at $1 trillion or more in 12 months or less, returning it to the trillion-dollar club. It would put the social networking giant in the same trillion-dollar league as <b>Apple</b>, <b>Microsoft</b>, <b>Alphabet</b>, <b>Amazon.com</b> and now Tesla.</p>\n<p>Shares of Facebook closed Monday at 328.69, down more than 14% from the 52-week high. That parked the company's valuation at $927 billion. But that was prior to the company late Monday topping third-quarter profit forecasts by 1.3% and jumping in after-hours trading to north of 337 a share. At this price, Facebook is worth $950 billion.</p>\n<p>It's only a matter of time until Facebook returns to the rarefied trillion-dollar air, though, say S&amp;P 500 analysts.</p>\n<h2>Trillion Dollar Redux For Facebook</h2>\n<p>Predicting Facebook will be a $1 trillion company is somewhat of an anticlimactic call.</p>\n<p>The company first closed above a trillion-dollar valuation back in July of this year. But since then, it's been on a rough run. Allegations of putting profit ahead of users' mental health, a high-profile outage and exposure to data limits at Apple knocked Facebook from its trillion-dollar perch. <b>Snap</b>'s recent disappointing third quarter and warning of problems tailoring social media ads on iPhones only fanned the worries.</p>\n<p>But analysts remain resolute on Facebook's future. They're calling for the stock to rally another 27% from Monday's close to 416.43 in 12 months, says data from S&amp;P Global Market Intelligence and MarketSmith. And if they're right, that would make Facebook a company valued at $1.17 billion. Should you buy Facebook stock now?</p>\n<p>Interestingly, if analysts are right, Facebook would supplant Tesla as the fifth most-valuable company in the S&amp;P 500. Analysts actually think Tesla's stock will drop 23% to 787.15. And if that's correct, it means Tesla would be worth just $779.3 billion, or a third less than what they think Facebook will be worth in 12 months. Should you buy Tesla stock now?</p>\n<h2>Who's Up In S&amp;P 500 After Facebook?</h2>\n<p>Facebook and Tesla might jockey for the trillion-dollar prize. But other than those two, are any other S&amp;P 500 stocks anywhere near a trillion? Nothing immediate.</p>\n<p>Warren Buffett's <b>Berkshire Hathaway</b> would appear next in line, as its market value is now $657.9 billion. Analysts, though, think even in 12 months time the company will be worth just $730.8 billion, falling shy of the trillion-dollar mark by nearly 40%. Also, it's not a particularly fast grower, so unlikely to surprise much to the upside. Analysts think Berkshire Hathaway's adjusted profit per share will only grow by 6.9% in 2022.</p>\n<p><b><a href=\"https://laohu8.com/S/V\">Visa</a></b> is a likely candidate in due time. The payment processing firm is already worth nearly $500 billion. And its adjusted profit per share is seen jumping 25% in 2022 to $7.26. Even so, analysts don't think it's going to happen anytime soon. Analysts are calling for the stock to inch up just 0.9% in 12 months.</p>\n<p>So it seems the world might need to be satisfied with five, or maybe six, trillion dollar companies for some time.</p>\n<h2>Analysts: The Most Valuable S&amp;P 500 Companies In The Future</h2>\n<p><i>Current and projected market values</i></p>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Ticker</th>\n   <th>Stock YTD % ch.</th>\n   <th>Market value now ($ trillions)</th>\n   <th>Analysts' 12-month market value target</th>\n   <th>Sector</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Apple</td>\n   <td></td>\n   <td>12.0%</td>\n   <td>$2.5</td>\n   <td><b>$2.7</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Microsoft</td>\n   <td></td>\n   <td>38.5%</td>\n   <td>$2.3</td>\n   <td><b>$2.5</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Alphabet</td>\n   <td></td>\n   <td>56.8%</td>\n   <td>$1.8</td>\n   <td><b>$2.2</b></td>\n   <td>Communication Services</td>\n  </tr>\n  <tr>\n   <td>Amazon.com</td>\n   <td></td>\n   <td>1.9%</td>\n   <td>$1.7</td>\n   <td><b>$2.1</b></td>\n   <td>Consumer Discretionary</td>\n  </tr>\n  <tr>\n   <td>Facebook</td>\n   <td></td>\n   <td>20.3%</td>\n   <td>$0.9</td>\n   <td><b>$1.2</b></td>\n   <td>Communication Services</td>\n  </tr>\n  <tr>\n   <td>Tesla</td>\n   <td></td>\n   <td>45.2%</td>\n   <td>$1.0</td>\n   <td><b>$0.8</b></td>\n   <td>Consumer Discretionary</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway</td>\n   <td></td>\n   <td>25.5%</td>\n   <td>$0.7</td>\n   <td><b>$0.7</b></td>\n   <td>Financials</td>\n  </tr>\n  <tr>\n   <td>Visa</td>\n   <td></td>\n   <td>6.9%</td>\n   <td>$0.6</td>\n   <td><b>$0.6</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>Nvidia</td>\n   <td></td>\n   <td>77.4%</td>\n   <td>$0.6</td>\n   <td><b>$0.6</b></td>\n   <td>Information Technology</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase</td>\n   <td></td>\n   <td>34.5%</td>\n   <td>$0.5</td>\n   <td><b>$0.5</b></td>\n   <td>Financials</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AMZN":"亚马逊","BRK.A":"伯克希尔",".SPX":"S&P 500 Index","BRK.B":"伯克希尔B"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2178721405","content_text":"The idea of an S&P 500 company hitting $1 trillion in market value used to seem impossible. But Tesla just did it — and analysts insist another is on the way.\nAnalysts think Facebook should be the sixth S&P 500 company valued at $1 trillion or more in 12 months or less, returning it to the trillion-dollar club. It would put the social networking giant in the same trillion-dollar league as Apple, Microsoft, Alphabet, Amazon.com and now Tesla.\nShares of Facebook closed Monday at 328.69, down more than 14% from the 52-week high. That parked the company's valuation at $927 billion. But that was prior to the company late Monday topping third-quarter profit forecasts by 1.3% and jumping in after-hours trading to north of 337 a share. At this price, Facebook is worth $950 billion.\nIt's only a matter of time until Facebook returns to the rarefied trillion-dollar air, though, say S&P 500 analysts.\nTrillion Dollar Redux For Facebook\nPredicting Facebook will be a $1 trillion company is somewhat of an anticlimactic call.\nThe company first closed above a trillion-dollar valuation back in July of this year. But since then, it's been on a rough run. Allegations of putting profit ahead of users' mental health, a high-profile outage and exposure to data limits at Apple knocked Facebook from its trillion-dollar perch. Snap's recent disappointing third quarter and warning of problems tailoring social media ads on iPhones only fanned the worries.\nBut analysts remain resolute on Facebook's future. They're calling for the stock to rally another 27% from Monday's close to 416.43 in 12 months, says data from S&P Global Market Intelligence and MarketSmith. And if they're right, that would make Facebook a company valued at $1.17 billion. Should you buy Facebook stock now?\nInterestingly, if analysts are right, Facebook would supplant Tesla as the fifth most-valuable company in the S&P 500. Analysts actually think Tesla's stock will drop 23% to 787.15. And if that's correct, it means Tesla would be worth just $779.3 billion, or a third less than what they think Facebook will be worth in 12 months. Should you buy Tesla stock now?\nWho's Up In S&P 500 After Facebook?\nFacebook and Tesla might jockey for the trillion-dollar prize. But other than those two, are any other S&P 500 stocks anywhere near a trillion? Nothing immediate.\nWarren Buffett's Berkshire Hathaway would appear next in line, as its market value is now $657.9 billion. Analysts, though, think even in 12 months time the company will be worth just $730.8 billion, falling shy of the trillion-dollar mark by nearly 40%. Also, it's not a particularly fast grower, so unlikely to surprise much to the upside. Analysts think Berkshire Hathaway's adjusted profit per share will only grow by 6.9% in 2022.\nVisa is a likely candidate in due time. The payment processing firm is already worth nearly $500 billion. And its adjusted profit per share is seen jumping 25% in 2022 to $7.26. Even so, analysts don't think it's going to happen anytime soon. Analysts are calling for the stock to inch up just 0.9% in 12 months.\nSo it seems the world might need to be satisfied with five, or maybe six, trillion dollar companies for some time.\nAnalysts: The Most Valuable S&P 500 Companies In The Future\nCurrent and projected market values\n\n\n\nCompany\nTicker\nStock YTD % ch.\nMarket value now ($ trillions)\nAnalysts' 12-month market value target\nSector\n\n\n\n\nApple\n\n12.0%\n$2.5\n$2.7\nInformation Technology\n\n\nMicrosoft\n\n38.5%\n$2.3\n$2.5\nInformation Technology\n\n\nAlphabet\n\n56.8%\n$1.8\n$2.2\nCommunication Services\n\n\nAmazon.com\n\n1.9%\n$1.7\n$2.1\nConsumer Discretionary\n\n\nFacebook\n\n20.3%\n$0.9\n$1.2\nCommunication Services\n\n\nTesla\n\n45.2%\n$1.0\n$0.8\nConsumer Discretionary\n\n\nBerkshire Hathaway\n\n25.5%\n$0.7\n$0.7\nFinancials\n\n\nVisa\n\n6.9%\n$0.6\n$0.6\nInformation Technology\n\n\nNvidia\n\n77.4%\n$0.6\n$0.6\nInformation Technology\n\n\nJPMorgan Chase\n\n34.5%\n$0.5\n$0.5\nFinancials\n\n\n\nSources: IBD, S&P Global Market Intelligence","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858559522,"gmtCreate":1635088083995,"gmtModify":1635088084086,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/858559522","repostId":"1100055241","repostType":4,"repost":{"id":"1100055241","pubTimestamp":1635040192,"share":"https://www.laohu8.com/m/news/1100055241?lang=&edition=full","pubTime":"2021-10-24 09:49","market":"us","language":"en","title":"Intel: Good Value Or Value Trap?","url":"https://stock-news.laohu8.com/highlight/detail?id=1100055241","media":"Seeking Alpha","summary":"Intel had a mixed earnings report that sent some investors running for the hills.The company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.After the sell-off, is Intel a good value or a value trap?The waters have been pretty rough for Intel Corp.  investors over the past few years.It seems like every time the sun comes out...there is another storm right around the corner.As highlighted on the earning","content":"<p><b>Summary</b></p>\n<ul>\n <li>Intel had a mixed earnings report&nbsp;that sent some investors running for the hills.</li>\n <li>The company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.</li>\n <li>After the sell-off, is Intel a good value or a value trap?</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02609041d90c055d66b217f06706d28\" tg-width=\"1536\" tg-height=\"1022\" referrerpolicy=\"no-referrer\"><span>4kodiak/iStock Unreleased via Getty Images</span></p>\n<p>The waters have been pretty rough for Intel Corp. (INTC) investors over the past few years.</p>\n<p>It seems like every time the sun comes out...there is another storm right around the corner.</p>\n<p>As highlighted on the earnings call last night, the next \"storm\" brewing for Intel is continued supply chain issues (component shortages in the PC business) and reduced near-term profitability from rising capital expenditure needs, which has sent the stock plummeting 11% this morning into the abyss.</p>\n<p><img src=\"https://static.tigerbbs.com/5bd612f6f25b6e86d7a72b38440d513f\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p>\n<p>However, buying the dips has actually been pretty lucrative in the recent past...if, of course, you were lucky enough to fade the rallies.</p>\n<p>To be fair, Intel has had its fair share of challenges this year, despite general tailwinds in the industry (i.e., chip demand far outpacing supply).</p>\n<p>Specifically, Intel has had some well-documented manufacturing blunders that have caused major delays and loss of some market share...mainly to Advanced Micro Devices (AMD).</p>\n<p>This has triggered concern amongst investors that the stock may be a potential \"value trap\" now.</p>\n<p>All that said, Intel is dedicated to spending $25 billion to $28 billion in 2022 and just broke ground on some new fabs.</p>\n<p>Personally, I don't think we are anywhere near peak demand for chips and I believe that Intel's fabrication capabilities are (and will continue to be) a huge advantage for the company for years to come.</p>\n<p>So how can we structure a trade to take advantage of the upside potential in the stock (after this pullback) while also protecting ourselves from more near-term downside (if any)?</p>\n<p><b>It's a perfect situation for a \"Triple Play\" trade!</b></p>\n<p>Intel Corp.</p>\n<p><b>Sector/Industry:</b>Technology/Semiconductors</p>\n<blockquote>\n Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's Law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.\n</blockquote>\n<p><i>Source: YCharts</i></p>\n<p><b>Valuation/Upside Potential</b></p>\n<p>Intel looks extremely attractive from a valuation standpoint and is currently trading at a decent discount to all of its long-term valuation metrics (hence the high Value Ranking of 10).</p>\n<p>Specifically, Intel is trading at a nice discount to its historical P/E multiple on a forward basis (10.6x 2021 earnings).<i>Note that the company actually just increased its guidance for fiscal 2021 earnings to $5.28 per share</i>.</p>\n<p>That said, as supply chain worries decrease over time, we definitely think there could be some room for margin expansion in the future.</p>\n<p>If you put just a 12x-14x multiple on consensus forward earnings of $5.28 per share for FYE 2021, that would equate to a $63.00- $73.00 stock price (representing 25%-45% upside from current levels).</p>\n<p>Although it probably won't get there in a straight line...</p>\n<p><b>\"Triple Play\" Trade Analysis</b></p>\n<p>A \"Triple Play\" trade involves simultaneously selling a cash-secured put and a covered call on a stock that you own.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e3af23e0208929d569a6e62a12a9607\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source: Option Income Advisor</span></p>\n<p>Note that if you don't currently own INTC stock, you will want to buy it before you write the covered call.</p>\n<p>This trade will allow you to take advantage of the upside potential in the stock while also protecting some of the near-term downside (if any).</p>\n<p><b>Step 1: Sell Cash-Secured Puts (50% of position size)</b></p>\n<p>The first step of the Triple Play trade is to sell a cash-secured put on the stock for 50% of your target position size. For example, if you wanted to own 400 shares of INTC... you would sell 2 cash-secured put contract, which represents 200 shares of stock.</p>\n<p>The three main data points we look at when analyzing a cash-secured put trade are:</p>\n<ul>\n <li>Premium Yield % (or Average Monthly Yield %): Measure of expected return on capital assuming that the option expires worthless (out-of-the-money).<i>Assumes that the option is fully cash secured.</i></li>\n <li>Margin-of-Safety %: Measure of downside protection or the percentage that the underlying stock could decline and would still allow you to break even on the option trade.</li>\n <li>Delta: A good proxy for the probability that the put option will finish in-the-money.</li>\n</ul>\n<p><i>Note that there's always a negative correlation between Premium Yield and Margin of Safety: The higher the Premium Yield for a given strike month, the lower the Margin of Safety.</i></p>\n<p><i>Investors always should be honest with themselves about their risk tolerance. Selling CSPs can be adapted to suit your needs.</i></p>\n<p>As discussed in the video, we like the $45.00-$50.00 range for INTC in the near term. So we like the following cash-secured put:</p>\n<p><i><b>INTC Nov 19th $47.50.00 Put (28 days until expiration)</b></i></p>\n<ul>\n <li>Option Premium: ~$0.58 premium</li>\n <li>Average Monthly Yield %: 1.3% (15.6% annualized)</li>\n <li>Margin-of-Safety %: 4.2%</li>\n <li>Delta: 28</li>\n</ul>\n<p><b>Step 2: Buy the Stock (50% of position size)</b></p>\n<p><i>Note: At the time of publication, INTC was trading at $49.60. If you already own the stock, you can skip to Step 3.</i></p>\n<p>The second step of the Triple Play is to buy the stock (50% of your target position size). For example, if you wanted to own 400 shares of INTC... you would buy 200 shares of stock.</p>\n<p><b>Step 3: Sell Covered Calls On Your Stock Position (*optional*)</b></p>\n<p>A covered call strategy will help generate some short-term income, maintain some upside exposure, and mitigate some downside risk.</p>\n<p>With a covered call, you are agreeing to sell your stock at a higher price (your call option strike price) but you get to keep your call option premium either way.</p>\n<p>As discussed in the video, since we like the upside potential in the near term with INTC, you will want to give yourself some room for the stock to run.<b>So we would actually recommend waiting for the stock to trade a little higher before selling covered calls.</b></p>\n<p>That said, if you wanted to execute the covered calls today, I would certainly consider taking less premium income to preserve more potential upside profit. For example, the $53.00 call would give you an extra 0.5% of income per month (6.0% annualized)...which would essentially triple your dividend yield on the stock!</p>\n<p><i><b>INTC Nov 19th $53.00 Call (28 days until expiration)</b></i></p>\n<ul>\n <li>Option Premium: ~$0.25 premium</li>\n <li>Average Monthly Yield %: 0.5% (6.0% annualized)</li>\n <li>Upside Profit %: 7.4%</li>\n <li>Delta: 15</li>\n</ul>\n<p><b>Conclusion</b></p>\n<p>This Triple Play trade will allow you to take advantage of the upside potential in INTC stock while also giving you some downside cushion if shares trade lower in the near term. As the covered calls and cash-secured puts expire, you can rinse and repeat the Triple Play trade!</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel: Good Value Or Value Trap?</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\">\nIntel: Good Value Or Value Trap?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-24 09:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4461530-intel-intc-stock-good-value-or-value-trap><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIntel had a mixed earnings report that sent some investors running for the hills.\nThe company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues ...</p>\n\n<a href=\"https://seekingalpha.com/article/4461530-intel-intc-stock-good-value-or-value-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4461530-intel-intc-stock-good-value-or-value-trap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100055241","content_text":"Summary\n\nIntel had a mixed earnings report that sent some investors running for the hills.\nThe company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.\nAfter the sell-off, is Intel a good value or a value trap?\n\n4kodiak/iStock Unreleased via Getty Images\nThe waters have been pretty rough for Intel Corp. (INTC) investors over the past few years.\nIt seems like every time the sun comes out...there is another storm right around the corner.\nAs highlighted on the earnings call last night, the next \"storm\" brewing for Intel is continued supply chain issues (component shortages in the PC business) and reduced near-term profitability from rising capital expenditure needs, which has sent the stock plummeting 11% this morning into the abyss.\n\nHowever, buying the dips has actually been pretty lucrative in the recent past...if, of course, you were lucky enough to fade the rallies.\nTo be fair, Intel has had its fair share of challenges this year, despite general tailwinds in the industry (i.e., chip demand far outpacing supply).\nSpecifically, Intel has had some well-documented manufacturing blunders that have caused major delays and loss of some market share...mainly to Advanced Micro Devices (AMD).\nThis has triggered concern amongst investors that the stock may be a potential \"value trap\" now.\nAll that said, Intel is dedicated to spending $25 billion to $28 billion in 2022 and just broke ground on some new fabs.\nPersonally, I don't think we are anywhere near peak demand for chips and I believe that Intel's fabrication capabilities are (and will continue to be) a huge advantage for the company for years to come.\nSo how can we structure a trade to take advantage of the upside potential in the stock (after this pullback) while also protecting ourselves from more near-term downside (if any)?\nIt's a perfect situation for a \"Triple Play\" trade!\nIntel Corp.\nSector/Industry:Technology/Semiconductors\n\n Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's Law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.\n\nSource: YCharts\nValuation/Upside Potential\nIntel looks extremely attractive from a valuation standpoint and is currently trading at a decent discount to all of its long-term valuation metrics (hence the high Value Ranking of 10).\nSpecifically, Intel is trading at a nice discount to its historical P/E multiple on a forward basis (10.6x 2021 earnings).Note that the company actually just increased its guidance for fiscal 2021 earnings to $5.28 per share.\nThat said, as supply chain worries decrease over time, we definitely think there could be some room for margin expansion in the future.\nIf you put just a 12x-14x multiple on consensus forward earnings of $5.28 per share for FYE 2021, that would equate to a $63.00- $73.00 stock price (representing 25%-45% upside from current levels).\nAlthough it probably won't get there in a straight line...\n\"Triple Play\" Trade Analysis\nA \"Triple Play\" trade involves simultaneously selling a cash-secured put and a covered call on a stock that you own.\nSource: Option Income Advisor\nNote that if you don't currently own INTC stock, you will want to buy it before you write the covered call.\nThis trade will allow you to take advantage of the upside potential in the stock while also protecting some of the near-term downside (if any).\nStep 1: Sell Cash-Secured Puts (50% of position size)\nThe first step of the Triple Play trade is to sell a cash-secured put on the stock for 50% of your target position size. For example, if you wanted to own 400 shares of INTC... you would sell 2 cash-secured put contract, which represents 200 shares of stock.\nThe three main data points we look at when analyzing a cash-secured put trade are:\n\nPremium Yield % (or Average Monthly Yield %): Measure of expected return on capital assuming that the option expires worthless (out-of-the-money).Assumes that the option is fully cash secured.\nMargin-of-Safety %: Measure of downside protection or the percentage that the underlying stock could decline and would still allow you to break even on the option trade.\nDelta: A good proxy for the probability that the put option will finish in-the-money.\n\nNote that there's always a negative correlation between Premium Yield and Margin of Safety: The higher the Premium Yield for a given strike month, the lower the Margin of Safety.\nInvestors always should be honest with themselves about their risk tolerance. Selling CSPs can be adapted to suit your needs.\nAs discussed in the video, we like the $45.00-$50.00 range for INTC in the near term. So we like the following cash-secured put:\nINTC Nov 19th $47.50.00 Put (28 days until expiration)\n\nOption Premium: ~$0.58 premium\nAverage Monthly Yield %: 1.3% (15.6% annualized)\nMargin-of-Safety %: 4.2%\nDelta: 28\n\nStep 2: Buy the Stock (50% of position size)\nNote: At the time of publication, INTC was trading at $49.60. If you already own the stock, you can skip to Step 3.\nThe second step of the Triple Play is to buy the stock (50% of your target position size). For example, if you wanted to own 400 shares of INTC... you would buy 200 shares of stock.\nStep 3: Sell Covered Calls On Your Stock Position (*optional*)\nA covered call strategy will help generate some short-term income, maintain some upside exposure, and mitigate some downside risk.\nWith a covered call, you are agreeing to sell your stock at a higher price (your call option strike price) but you get to keep your call option premium either way.\nAs discussed in the video, since we like the upside potential in the near term with INTC, you will want to give yourself some room for the stock to run.So we would actually recommend waiting for the stock to trade a little higher before selling covered calls.\nThat said, if you wanted to execute the covered calls today, I would certainly consider taking less premium income to preserve more potential upside profit. For example, the $53.00 call would give you an extra 0.5% of income per month (6.0% annualized)...which would essentially triple your dividend yield on the stock!\nINTC Nov 19th $53.00 Call (28 days until expiration)\n\nOption Premium: ~$0.25 premium\nAverage Monthly Yield %: 0.5% (6.0% annualized)\nUpside Profit %: 7.4%\nDelta: 15\n\nConclusion\nThis Triple Play trade will allow you to take advantage of the upside potential in INTC stock while also giving you some downside cushion if shares trade lower in the near term. As the covered calls and cash-secured puts expire, you can rinse and repeat the Triple Play trade!","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859908848,"gmtCreate":1634647013490,"gmtModify":1634647013631,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/859908848","repostId":"1188285909","repostType":4,"repost":{"id":"1188285909","pubTimestamp":1634644274,"share":"https://www.laohu8.com/m/news/1188285909?lang=&edition=full","pubTime":"2021-10-19 19:51","market":"us","language":"en","title":"Affirm: In An Early Growth Stage","url":"https://stock-news.laohu8.com/highlight/detail?id=1188285909","media":"seekingalpha","summary":"Summary\n\nThe high-growth fintech aspires to disrupt legacy financial institutions through its BNPL (","content":"<p><b>Summary</b></p>\n<ul>\n <li>The high-growth fintech aspires to disrupt legacy financial institutions through its BNPL (buy now, pay later) payment network.</li>\n <li>Its recent partnership with Amazon and <a href=\"https://laohu8.com/S/TGT\">Target</a> will provide further growth opportunities.</li>\n <li>However, customer concentration remains a major risk factor (its top customer is Peloton Interactive which accounts for ~20% of total revenue).</li>\n <li>After skyrocketing over 230% from its May lows, shares may see some weakness short to midterm, although the long-term outlook remains bullish.</li>\n</ul>\n<p><b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> is a fast-growing financial technology company that enables consumers to buy goods online and pay later. Affirm provides microloans to users at the point of sale with participating merchants (such as Walmart or <a href=\"https://laohu8.com/S/SHOP\">Shopify</a>), with an aim to provide a quick, transparent, and more inclusive lending alternative to credit cards. The company was founded in 2012 by Max Levchin (co-founder of <a href=\"https://laohu8.com/S/PYPL\">PayPal</a>) when it spun out of startup studio HVF (\"Hard Valuable Fun”). Later, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell joined Levchin in starting the business. It filed for IPO in late 2020 and began trading on the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Stock market on January 13, 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/e8d0a25999b2a400b0e3efa0f5aa6c94\" tg-width=\"770\" tg-height=\"622\" referrerpolicy=\"no-referrer\"></p>\n<p>As we can see, Affirm has added many milestones in recent years, to get to its current position.</p>\n<p><b>Change in business strategy over the years (2012 – Present)</b></p>\n<p><b>2012 – 2014: Early strategy was to enter the point-of-sale(POS)financing marketplace in the U.S.</b></p>\n<p>Affirm’s beta version was launched to the public in early 2013 and the company’s first and only merchant partner was <a href=\"https://laohu8.com/S/FLWS\">1-800-Flowers.com</a> (which they used to test the concept). Affirm launched during a time when there was concern regarding the credit card companies’ transparency (hidden fees, interest rates, and potential penalties). The main idea was to offer an honest, transparent and data-driven POS financing product that every consumer can use, even if they pay in monthly installments.</p>\n<p>By mid-2014, Affirm had raised more than US$50 million in funding and formed a team of 32 people. Because of uniqueness in its algorithms and Levchin's financial relationships, Affirm fully assumed the risk of the consumer credit it underwrote. This allowed Affirm to quickly tie-up with many new merchant partners.</p>\n<p><b>2015 – Present: Strategy changed to expand its business, merchant partners, and customer base</b></p>\n<p>Following this, Affirm continued to expand its merchant base consistently (as of June 30, 2021, Affirm had ~29,000 merchants integrated on its platform). Additionally, it acquired two companies to expand its business – LendLayer in August 2015 (to boost education loans) and Sweep in April 2016 (to expand into personal finance). This led to an increase in the customer base as well – as of June 30, 2021, Affirm had &gt;7 million active consumers.</p>\n<p>In November 2018, Affirm unveiled an updated brand and also announced an expanded suite of consumer-facing products and services. CEO and co-founder Max Levchin stated that “In the five years since we launched, our partnerships with retailers have given us incredible insight into where, how, when, and why consumers buy. We now have an opportunity to use those insights to introduce consumers to the retailers where they can get the best deal available to them with Affirm. The next evolution of our brand speaks to the confidence consumers have when they buy with us”.</p>\n<p>Also, Affirm changed its growth strategy to acquire merchants at a rapid pace – instead of directly going to merchants; Affirm engaged in partnerships with large platforms that serve online businesses. For example – in August 2020, Affirm announced a partnership with Shopify, under which Affirm’s BNPL financing solution will be made available to eligible Shopify merchants in the U.S. – this led to an exponential increase in the number of merchant partners. During its fiscal 4Q21 earnings, management noted that – “Our partnerships with enterprise merchants, and platforms like Shopify, introduce more consumers and high-velocity merchants to Affirm’s honest and transparent offerings.”</p>\n<p><img src=\"https://static.tigerbbs.com/0a95ca68fa872d48bfda949b76ae5a1a\" tg-width=\"783\" tg-height=\"501\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Business model (present) – Summary</b></p>\n<p>As mentioned above, Affirm deals with both consumers and merchants; and thus generates revenue from both of them. The table below shows a quick summary of Affirm’s business model:</p>\n<p><img src=\"https://static.tigerbbs.com/0cbcf654583a71dce090d26bf4407399\" tg-width=\"704\" tg-height=\"639\" referrerpolicy=\"no-referrer\"></p>\n<p>Affirm earns interest income on the simple interest loans from originating bank partners and on the merchant site, Affirm earns a merchant fee for its services.</p>\n<p>Per <a href=\"https://laohu8.com/S/FH\">Form</a> 10K, “Our business model is aligned with the interests of both consumers and merchants — we win when they win. From merchants, we earn a fee when we help them convert a sale and power a payment. Merchant fees depend on the individual arrangement between us and each merchant and vary based on the terms of the product offering; we generally earn larger merchant fees on 0% APR financing products. For both the fiscal years ended June 30, 2021 and 2020, 0% APR financing represented 43% of total Gross Merchandise Volume (“GMV”) facilitated through our platform. This structure incentivizes us to help our merchants convert sales and increase AOV through the commerce and technology solutions offered by our platform. From consumers, we earn interest income on the simple interest loans that we purchase from our originating bank partners. Interest rates charged to our consumers vary depending on the transaction risk creditworthiness of the consumer, the repayment term selected by the consumer, the amount of the loan, and the individual arrangement with a merchant. Because consumers are never charged deferred or compounding interest, late fees, or penalties on the loans, we are not incentivized to profit from our consumers’ mistakes or misfortunes. In order to accelerate our ubiquity, we facilitate the issuance of virtual cards directly to consumers through our app, allowing them to shop with merchants that may not yet be fully integrated with Affirm. When these virtual cards are used over established card networks, we earn a portion of the interchange fee from the transaction”.</p>\n<p>Accordingly, Affirm has two main sources of revenues:<b>1) Interest charged from consumers and 2) Fee charged from merchants.</b>The other sources are Virtual Card Network Fee, Servicing Fee, and Gain/Loss on loan sales. So, Affirm reports revenues from five defined buckets: Merchant network revenue (44% of total revenue), Virtual card network revenue (6% of total revenue), Interest income (37% of total revenue), Gain on sales of loans (10% of total revenue), and Servicing income (3% of total revenue):</p>\n<ul>\n <li><p><b>Merchant network revenue:</b>As per 10K, “Merchant network revenue consists of merchant fees. Merchant partners (or merchants) are charged a fee on each transaction processed through the Affirm platform. A portion of merchant network revenue relates to affiliate network revenue, which is generated when a user makes a purchase on a merchant’s website after being directed from an advertisement on Affirm’s website or mobile application”.</p></li>\n <li><p><b>Virtual card network revenue:</b>Affirm facilitates transactions through the issuance of virtual debit cards to be used by consumers at checkout. When consumers use this virtual card, Affirm earns interchange revenue.</p></li>\n <li><p><b>Interest income:</b>Income which is earned on the simple interest loans from originating bank partners. Per 10K, “Interest income on a loan is accrued daily, based on the finance charge disclosed to the consumer, over the term of the loan based upon the principal outstanding.”</p></li>\n <li><p><b>Gain/ (loss) on sales of loans:</b>This revenue component fluctuates depending on the expected performance of the loans and their carrying value. Per 10K, “When a loan is sold to a third-party loan buyer, the unamortized discount is released in full at the time of sale and recognized as part of the gain or loss on sales of loans”.</p></li>\n <li><p><b>Servicing income:</b>Per 10K, “Servicing fees are contractual fees specified in our servicing agreements with third-party loan owners that are earned from providing professional services to manage loan portfolios on their behalf”.</p></li>\n</ul>\n<p>The below table summarizes consolidated network revenue (includes both Merchant network revenue and Virtual card network revenue) take rate and the illustrative network revenue take rate by Affirm’s financial product.</p>\n<p><img src=\"https://static.tigerbbs.com/7418596930867199d06473d596d678fd\" tg-width=\"1048\" tg-height=\"482\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Market opportunity/ Industry outlook</b></p>\n<p>Affirm's market has benefitted from the COVID crisis and the rapid acceleration to e-commerce.</p>\n<ul>\n <li><p><b>Macro Outlook:</b>According to arecent reportby eMarketer, global online sales grew 25.7% to approximately $4.2 trillion in 2020 and are expected to grow to approximately $7.4 trillion by 2025. Currently, e-commerce only accounts for 17.8% of total retail sales, which is also expected to increase to 24.5% of total retail sales in 2025. In S-1, management mentioned that “Every element of commerce is moving online, from storefronts, to order fulfillment, to payment and checkout experiences. Gen Z and Millennials are early and frequent adopters of e-commerce and tend to prefer the ease, flexibility, and greater selection offered by shopping online. For example, almost 70% of Millennials prefer shopping online, according to Statista.”</p></li>\n <li><p><b>Expansion in “Buy now pay later” market share:</b>Per S-1, “Consumers increasingly prefer more flexible and innovative digital payment solutions over traditional credit payment options. According to Worldpay’s 2020 <a href=\"https://laohu8.com/S/GPN\">Global Payments</a> report, “buy now pay later” is the fastest-growing e-commerce payment method globally. In North America, “buy now pay later” market share is expected to triple to 3% of the e-commerce payments market by 2023. In other regions, such as EMEA, “buy now pay later” already accounts for almost 6% of the e-commerce payment market, and is expected to grow to almost 10% by 2023”.</p></li>\n <li><p><b>Preference shifting towards new financial products:</b>Per S-1, “according to TD Bank’s Annual Consumer Spending Index, approximately 25% of Millennials do not carry credit cards and according to a survey conducted by the <a href=\"https://laohu8.com/S/HRS\">Harris</a> Poll in 2020, 64% of Americans would consider purchasing or applying for financial products through a technology company’s platform instead of a traditional financial services provider.”</p></li>\n</ul>\n<p><b>Competitive advantage</b></p>\n<p>Like any market, the buy-now-pay-later space is also highly competitive. Affirm’s primary competition are legacy payment methods such as credit and debit cards, provided by Citibank, <a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/BAC\">Bank of America</a>, etc. Additionally, it faces competition from technology-driven solutions by payment companies (<a href=\"https://laohu8.com/S/V\">Visa</a>, <a href=\"https://laohu8.com/S/MA\">MasterCard</a>, etc), from mobile wallets (PayPal, etc), and from other pay-over-time solutions companies (Afterpay, Klarna, etc).</p>\n<p>However, Affirm’s business model benefits from self-reinforcing network effects (see below graph) which strengthens with every transaction (Per S-1, “The net result of this is that we are building a consumer and merchant ecosystem on our platform that we expect to continue to grow and monetize over time”). In addition, its solutions use the latest and other modern tools to create differentiated and scalable products.</p>\n<p>Not only this, management has continuously focused on its product engineering and development. In its fiscal 4Q21 conference call, management mentioned that “we plan to deliver an exciting slate of consumer and merchant product offerings in fiscal 2022 as well as over the next several years. To drive the success of those initiatives, we are investing in engineering and product talent here in the U.S. and deploying a new engineering center in Poland. As a result, we expect significant investment in technology and data analytics in fiscal 2022. We are also increasing our spending on marketing to drive consumer awareness and adoption”.</p>\n<p><img src=\"https://static.tigerbbs.com/dd2425797b3f6e89fdcf18becf0ac9f5\" tg-width=\"621\" tg-height=\"628\" referrerpolicy=\"no-referrer\"></p>\n<p>Furthermore, its expertise in sourcing, aggregating, protecting, and analyzing data has been what management believes to be a core competitive advantage of its platform which distinguishes it from competitors.</p>\n<p><b>Growth areas/ drivers</b></p>\n<p>Below are some of the growth areas, which can provide additional revenue streams:</p>\n<ul>\n <li><p><b>Partnership with Amazon/Target:</b>In late August 2021, Affirmannounceda new partnership with Amazon, which could unlock new growth opportunities. As Amazon serves over 300 million active customers worldwide, the partnership will expand Affirm's total addressable market significantly. In its recent outlook for FY22, management has not included any GMV or Revenue from the Amazon partnership as they are currently in the early stages of integration. Thus, Affirm's revenue will surely soar further as Amazon rolls out the BNPL features for the shoppers. <a href=\"https://laohu8.com/S/JE\">Just</a> recently, Affirm jumped over 20% afterannouncinga partnership with Target, stating that \"clients want easy and affordable payment options that work within their family’s budget\".</p></li>\n <li><p><b><a href=\"https://laohu8.com/S/NGD\">New</a> product offerings:</b>In February 2021, Affirm announced plans for the Affirm Card, the first U.S. debit card that will allow customers to make installment payments on any purchase at any merchant. Management expects that “as it launches unique new offerings such as Affirm Debit+ and activates exciting new merchant partnerships, it sees a very bright long-term future for Affirm.” Additionally, the Savings product (introduced at the start of FY21) attracted total deposits of about three-hundred million dollars without any promotion.</p></li>\n <li><p><b>Expansion through acquisitions:</b>Recently, in 2021, Affirm completed the acquisitions of PayBright (Canada’s leading buy-now-pay-later providers) and Returnly (a leader in online return experiences and post-purchase payment). Per management, “PayBright's complimentary merchant relationships and first-mover advantage in Canada will enable it to expand its scale and reach across North America. Also, 8 million people have used Returnly successfully and that's another sort of cross-booster for the products on the Affirm side”. Thus, Affirm can expand its total addressable market meaningfully by doing these kinds of acquisitions.</p></li>\n <li><p><b>Customer retention:</b>Affirm has also shown good merchant retention. Per S-1, “We believe we also increase customer conversion for merchants, leading to strong merchant retention rates as evidenced by our dollar-based merchant expansion rate that has consistently exceeded 100% since 2016. We believe that sustaining this value proposition will allow us to continue expanding revenue from existing merchants”.</p><p><img src=\"https://static.tigerbbs.com/8ff8be0273ce14552cbed9151868dc35\" tg-width=\"766\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p></li>\n</ul>\n<p><b>Risks</b></p>\n<p>Besides growth drivers, we would also like to point out the ‘Merchant Concentration risk’. Its top merchant partner, <a href=\"https://laohu8.com/S/PTON\">Peloton Interactive, Inc.</a> contributed 20%, 28%, and 20% of total revenue for FY21, FY20, and FY19, respectively. Also, its top ten merchants represented 25%, 35%, and 30% of total revenue for FY21, FY20, and FY19, respectively.</p>\n<p>Management itself has mentioned in its 10K that “A large percentage of our revenue is concentrated with a single merchant partner; and the loss of this merchant partner or any other significant merchant relationships would materially and adversely affect our business, results of operations, financial condition, and future prospects”. So, Affirm needs to diversify this risk as quickly as possible. We think management is trying their best in this regard – as in its fiscal 4Q21 press release, it mentioned that “In fiscal 2022, Affirm expects GMV to grow faster than revenue as the Company's GMV mix shifts toward shorter duration Split Pay volume, and the volume coming from longer-duration Peloton financing de-concentrates”.</p>\n<p><b>Key operating metrics</b></p>\n<p>Affirm highlights below as key operating metrics, which indicate the performance of the company over time.</p>\n<p><b>Gross Merchandise Volume (\"GMV\"):</b>GMV is defined as the total dollar amount of all transactions on the Affirm platform during the applicable period, net of refunds. It does not represent revenue earned by Affirm; however, the GMV processed through its platform is an indicator of the success of its merchants, value provided to the consumers, and the strength of the platform.</p>\n<p><b>Active Consumers:</b>This is defined as the number of consumers who engage in at least <a href=\"https://laohu8.com/S/AONE.U\">one</a> transaction on Affirm’s platform during the twelve months prior to the measurement date.</p>\n<p><b>Transactions per Active Consumer:</b>This is a key driver of the contribution margin &amp; operating efficiency and is defined as the average number of transactions that an active consumer has conducted on the platform prior to the measurement date.</p>\n<p><b>Average order value (“AOV”):</b>AOV is defined as GMV divided by the number of transactions conducted on the Affirm platform during the period.</p>\n<p>The graphs below clearly show that the above metrics have improved significantly, leading to a solid financial performance:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><img src=\"https://static.tigerbbs.com/766c8df0cdb8566d1a0958efe9f1e98b\" tg-width=\"996\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/d65c4790d4c437246366e6b288bb2f53\" tg-width=\"935\" tg-height=\"491\" referrerpolicy=\"no-referrer\"></p><p>Source: Company S-1 report</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Financial performance overview</p>\n<p>Affirm’s revenue has been constantly increasing over the years and management expects a solid growth rate (~35%) for FY2022 as in its recent fiscal 4Q21 results, it stated that “Through our host of integrated partnerships with the largest merchants in e-commerce and brick-and-mortar retail, Affirm will be offered as a payment option for merchants representing more than half of U.S. e-commerce, which we believe will ultimately enable us to demonstrate Affirm’s powerful value proposition to millions of new-to-Affirm consumers and grow Active Consumers meaningfully in fiscal 2022.”</p>\n<p>To understand why management seems so confident of its financial performance going forward, we are providing a short summary of fiscal 4Q21 results –</p>\n<p>In 4Q21, total revenue increased 71% year-on-year, driven by increases in network revenue and interest income, related to growth in GMV and loans held for investment, respectively, as well as gains on loan sales. Additionally, GMV was $2.5 billion, an increase of 106%, or 178% excluding Peloton, and transactions per active consumer increased 8%.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><img src=\"https://static.tigerbbs.com/216aa62b650dd2a3eb1775ff9dd8d943\" tg-width=\"1046\" tg-height=\"562\" referrerpolicy=\"no-referrer\"></p><p>Source: Company reports</p></td>\n  </tr>\n </tbody>\n</table>\n<p>The below graph provides a quick recap of quarterly revenues from 1Q19-4Q21 along with the growth rates:</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><img src=\"https://static.tigerbbs.com/a845bdf51da5c0d559ea97c12da57d27\" tg-width=\"1280\" tg-height=\"699\" referrerpolicy=\"no-referrer\"></p><p>Source: Company S-1 report</p></td>\n  </tr>\n </tbody>\n</table>\n<p>The below graph provides an overview of Operating Expenses as a Percentage of Revenue during 1Q19-4Q21. Furthermore, Affirm is expected to continue growing rapidly, as shown in current analyst predictions. That said, revenue is expected to reach nearly $2 billion by 2024. Since Affirm has widely beaten estimates in the past, these are likely conservative predictions.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><img src=\"https://static.tigerbbs.com/63dccecbe6d566ec6aea221aefb9861c\" tg-width=\"1167\" tg-height=\"856\" referrerpolicy=\"no-referrer\"></p></td>\n  </tr>\n  <tr>\n   <td><p>Source: Company S-1 report and estimates</p></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Valuation</b></p>\n<p>Since Affirm is still in early stages of growth, an illustrative range of comparable Price to Sales multiples can be used to value the Affirm. At a market cap of $39.9 billion, Affirm currently trades at around 27 sales, on a forward basis, considering estimates of $1.6 billion in Fiscal 2023. Certainly, this is not cheap by any means, but it is important to take growth rates into account when comparing Affirm to its peers. For instance, PayPal and <a href=\"https://laohu8.com/S/SQ\">Square</a> are trading at a more favorable valuation, yet are growing at a substantially lower rate. After all, Square acquired Afterpay for $29 billion, while the company is currently generating less than $1 billion in annual revenue. At the same time, Swedish fintech firm Klarna, has reportedly raised money at a $46 billion valuation. Nevertheless, it is unlikely that Affirm's valuation will expand further, which could put downside pressure on shares in the short to mid-term.</p>\n<p><img src=\"https://static.tigerbbs.com/5fce705e2cff3f0143537a6546315c3c\" tg-width=\"635\" tg-height=\"583\" referrerpolicy=\"no-referrer\">Data byYChartsManagement and leadership</p>\n<p>The Affirm team is led by superior Co-founders and a management team with credentials from the world’s leading companies (like PayPal, <a href=\"https://laohu8.com/S/COF\">Capital One</a>, HP, etc).</p>\n<p><b>Max Levchin:</b>Max serves as the CEO and is a co-founder. He is a B.S. in Computer Science from the University of Illinois at Urbana-Champaign, where he founded and led four other technology startups. Mr. Levchin also co-founded PayPal, where he served as Chief Technology Officer from its founding until its sale to <a href=\"https://laohu8.com/S/EBAYL\">eBay</a> in 2003.</p>\n<p><b>Sandeep Bhandari:</b>Bhandari serves as the company’s Chief Strategy Officer since 2017. Prior to Affirm, he had worked at <a href=\"https://laohu8.com/S/LC\">LendingClub</a> and Capital One serving various roles.</p>\n<p><b>Michael Linford:</b>Linford serves as Chief Financial Officer since 2018. Prior to Affirm, he had worked at <a href=\"https://laohu8.com/S/HPQ\">HP Inc</a>, <a href=\"https://laohu8.com/S/HPE\">Hewlett Packard Enterprise</a> Company, and Micro Focus International plc serving various roles.</p>\n<p>Other key positions include Katherine Adkins as Chief Legal and Compliance Officer, Greg Fisher as Chief Marketing Officer, and Libor Michalek as President, Technology, Risk, and Operations.</p>\n<p><b>Conclusion</b></p>\n<p>Affirm continues to increase market share in the BNPL industry, which is quickly gaining momentum, as personal finance is changing drastically. While shares are trading at an EV/ LTM revenue multiple of roughly 46 times, we think that the favorable macroeconomic outlook, growing consumer preference towards BNPL, and the company’s strategy of increasing merchant/ partner network coupled with new product offerings will further provide upside potential. Moreover, Affirm is led by one of the most successful entrepreneurs, Max Levchin, who plans on taking Affirm to new heights. Lastly, the recently announced Amazon and Target partnerships will play an important factor, although we suggest keeping a watch on the concentration risk as well.</p>","source":"seekingalpha","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>Affirm: In An Early Growth Stage</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\">\nAffirm: In An Early Growth Stage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-19 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4460536-affirm-in-an-early-growth-stage><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe high-growth fintech aspires to disrupt legacy financial institutions through its BNPL (buy now, pay later) payment network.\nIts recent partnership with Amazon and Target will provide ...</p>\n\n<a href=\"https://seekingalpha.com/article/4460536-affirm-in-an-early-growth-stage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc.","SSI":"Stage Stores Inc"},"source_url":"https://seekingalpha.com/article/4460536-affirm-in-an-early-growth-stage","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1188285909","content_text":"Summary\n\nThe high-growth fintech aspires to disrupt legacy financial institutions through its BNPL (buy now, pay later) payment network.\nIts recent partnership with Amazon and Target will provide further growth opportunities.\nHowever, customer concentration remains a major risk factor (its top customer is Peloton Interactive which accounts for ~20% of total revenue).\nAfter skyrocketing over 230% from its May lows, shares may see some weakness short to midterm, although the long-term outlook remains bullish.\n\nAffirm Holdings, Inc. is a fast-growing financial technology company that enables consumers to buy goods online and pay later. Affirm provides microloans to users at the point of sale with participating merchants (such as Walmart or Shopify), with an aim to provide a quick, transparent, and more inclusive lending alternative to credit cards. The company was founded in 2012 by Max Levchin (co-founder of PayPal) when it spun out of startup studio HVF (\"Hard Valuable Fun”). Later, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell joined Levchin in starting the business. It filed for IPO in late 2020 and began trading on the Nasdaq Stock market on January 13, 2021.\n\nAs we can see, Affirm has added many milestones in recent years, to get to its current position.\nChange in business strategy over the years (2012 – Present)\n2012 – 2014: Early strategy was to enter the point-of-sale(POS)financing marketplace in the U.S.\nAffirm’s beta version was launched to the public in early 2013 and the company’s first and only merchant partner was 1-800-Flowers.com (which they used to test the concept). Affirm launched during a time when there was concern regarding the credit card companies’ transparency (hidden fees, interest rates, and potential penalties). The main idea was to offer an honest, transparent and data-driven POS financing product that every consumer can use, even if they pay in monthly installments.\nBy mid-2014, Affirm had raised more than US$50 million in funding and formed a team of 32 people. Because of uniqueness in its algorithms and Levchin's financial relationships, Affirm fully assumed the risk of the consumer credit it underwrote. This allowed Affirm to quickly tie-up with many new merchant partners.\n2015 – Present: Strategy changed to expand its business, merchant partners, and customer base\nFollowing this, Affirm continued to expand its merchant base consistently (as of June 30, 2021, Affirm had ~29,000 merchants integrated on its platform). Additionally, it acquired two companies to expand its business – LendLayer in August 2015 (to boost education loans) and Sweep in April 2016 (to expand into personal finance). This led to an increase in the customer base as well – as of June 30, 2021, Affirm had >7 million active consumers.\nIn November 2018, Affirm unveiled an updated brand and also announced an expanded suite of consumer-facing products and services. CEO and co-founder Max Levchin stated that “In the five years since we launched, our partnerships with retailers have given us incredible insight into where, how, when, and why consumers buy. We now have an opportunity to use those insights to introduce consumers to the retailers where they can get the best deal available to them with Affirm. The next evolution of our brand speaks to the confidence consumers have when they buy with us”.\nAlso, Affirm changed its growth strategy to acquire merchants at a rapid pace – instead of directly going to merchants; Affirm engaged in partnerships with large platforms that serve online businesses. For example – in August 2020, Affirm announced a partnership with Shopify, under which Affirm’s BNPL financing solution will be made available to eligible Shopify merchants in the U.S. – this led to an exponential increase in the number of merchant partners. During its fiscal 4Q21 earnings, management noted that – “Our partnerships with enterprise merchants, and platforms like Shopify, introduce more consumers and high-velocity merchants to Affirm’s honest and transparent offerings.”\n\nBusiness model (present) – Summary\nAs mentioned above, Affirm deals with both consumers and merchants; and thus generates revenue from both of them. The table below shows a quick summary of Affirm’s business model:\n\nAffirm earns interest income on the simple interest loans from originating bank partners and on the merchant site, Affirm earns a merchant fee for its services.\nPer Form 10K, “Our business model is aligned with the interests of both consumers and merchants — we win when they win. From merchants, we earn a fee when we help them convert a sale and power a payment. Merchant fees depend on the individual arrangement between us and each merchant and vary based on the terms of the product offering; we generally earn larger merchant fees on 0% APR financing products. For both the fiscal years ended June 30, 2021 and 2020, 0% APR financing represented 43% of total Gross Merchandise Volume (“GMV”) facilitated through our platform. This structure incentivizes us to help our merchants convert sales and increase AOV through the commerce and technology solutions offered by our platform. From consumers, we earn interest income on the simple interest loans that we purchase from our originating bank partners. Interest rates charged to our consumers vary depending on the transaction risk creditworthiness of the consumer, the repayment term selected by the consumer, the amount of the loan, and the individual arrangement with a merchant. Because consumers are never charged deferred or compounding interest, late fees, or penalties on the loans, we are not incentivized to profit from our consumers’ mistakes or misfortunes. In order to accelerate our ubiquity, we facilitate the issuance of virtual cards directly to consumers through our app, allowing them to shop with merchants that may not yet be fully integrated with Affirm. When these virtual cards are used over established card networks, we earn a portion of the interchange fee from the transaction”.\nAccordingly, Affirm has two main sources of revenues:1) Interest charged from consumers and 2) Fee charged from merchants.The other sources are Virtual Card Network Fee, Servicing Fee, and Gain/Loss on loan sales. So, Affirm reports revenues from five defined buckets: Merchant network revenue (44% of total revenue), Virtual card network revenue (6% of total revenue), Interest income (37% of total revenue), Gain on sales of loans (10% of total revenue), and Servicing income (3% of total revenue):\n\nMerchant network revenue:As per 10K, “Merchant network revenue consists of merchant fees. Merchant partners (or merchants) are charged a fee on each transaction processed through the Affirm platform. A portion of merchant network revenue relates to affiliate network revenue, which is generated when a user makes a purchase on a merchant’s website after being directed from an advertisement on Affirm’s website or mobile application”.\nVirtual card network revenue:Affirm facilitates transactions through the issuance of virtual debit cards to be used by consumers at checkout. When consumers use this virtual card, Affirm earns interchange revenue.\nInterest income:Income which is earned on the simple interest loans from originating bank partners. Per 10K, “Interest income on a loan is accrued daily, based on the finance charge disclosed to the consumer, over the term of the loan based upon the principal outstanding.”\nGain/ (loss) on sales of loans:This revenue component fluctuates depending on the expected performance of the loans and their carrying value. Per 10K, “When a loan is sold to a third-party loan buyer, the unamortized discount is released in full at the time of sale and recognized as part of the gain or loss on sales of loans”.\nServicing income:Per 10K, “Servicing fees are contractual fees specified in our servicing agreements with third-party loan owners that are earned from providing professional services to manage loan portfolios on their behalf”.\n\nThe below table summarizes consolidated network revenue (includes both Merchant network revenue and Virtual card network revenue) take rate and the illustrative network revenue take rate by Affirm’s financial product.\n\nMarket opportunity/ Industry outlook\nAffirm's market has benefitted from the COVID crisis and the rapid acceleration to e-commerce.\n\nMacro Outlook:According to arecent reportby eMarketer, global online sales grew 25.7% to approximately $4.2 trillion in 2020 and are expected to grow to approximately $7.4 trillion by 2025. Currently, e-commerce only accounts for 17.8% of total retail sales, which is also expected to increase to 24.5% of total retail sales in 2025. In S-1, management mentioned that “Every element of commerce is moving online, from storefronts, to order fulfillment, to payment and checkout experiences. Gen Z and Millennials are early and frequent adopters of e-commerce and tend to prefer the ease, flexibility, and greater selection offered by shopping online. For example, almost 70% of Millennials prefer shopping online, according to Statista.”\nExpansion in “Buy now pay later” market share:Per S-1, “Consumers increasingly prefer more flexible and innovative digital payment solutions over traditional credit payment options. According to Worldpay’s 2020 Global Payments report, “buy now pay later” is the fastest-growing e-commerce payment method globally. In North America, “buy now pay later” market share is expected to triple to 3% of the e-commerce payments market by 2023. In other regions, such as EMEA, “buy now pay later” already accounts for almost 6% of the e-commerce payment market, and is expected to grow to almost 10% by 2023”.\nPreference shifting towards new financial products:Per S-1, “according to TD Bank’s Annual Consumer Spending Index, approximately 25% of Millennials do not carry credit cards and according to a survey conducted by the Harris Poll in 2020, 64% of Americans would consider purchasing or applying for financial products through a technology company’s platform instead of a traditional financial services provider.”\n\nCompetitive advantage\nLike any market, the buy-now-pay-later space is also highly competitive. Affirm’s primary competition are legacy payment methods such as credit and debit cards, provided by Citibank, American Express, Bank of America, etc. Additionally, it faces competition from technology-driven solutions by payment companies (Visa, MasterCard, etc), from mobile wallets (PayPal, etc), and from other pay-over-time solutions companies (Afterpay, Klarna, etc).\nHowever, Affirm’s business model benefits from self-reinforcing network effects (see below graph) which strengthens with every transaction (Per S-1, “The net result of this is that we are building a consumer and merchant ecosystem on our platform that we expect to continue to grow and monetize over time”). In addition, its solutions use the latest and other modern tools to create differentiated and scalable products.\nNot only this, management has continuously focused on its product engineering and development. In its fiscal 4Q21 conference call, management mentioned that “we plan to deliver an exciting slate of consumer and merchant product offerings in fiscal 2022 as well as over the next several years. To drive the success of those initiatives, we are investing in engineering and product talent here in the U.S. and deploying a new engineering center in Poland. As a result, we expect significant investment in technology and data analytics in fiscal 2022. We are also increasing our spending on marketing to drive consumer awareness and adoption”.\n\nFurthermore, its expertise in sourcing, aggregating, protecting, and analyzing data has been what management believes to be a core competitive advantage of its platform which distinguishes it from competitors.\nGrowth areas/ drivers\nBelow are some of the growth areas, which can provide additional revenue streams:\n\nPartnership with Amazon/Target:In late August 2021, Affirmannounceda new partnership with Amazon, which could unlock new growth opportunities. As Amazon serves over 300 million active customers worldwide, the partnership will expand Affirm's total addressable market significantly. In its recent outlook for FY22, management has not included any GMV or Revenue from the Amazon partnership as they are currently in the early stages of integration. Thus, Affirm's revenue will surely soar further as Amazon rolls out the BNPL features for the shoppers. Just recently, Affirm jumped over 20% afterannouncinga partnership with Target, stating that \"clients want easy and affordable payment options that work within their family’s budget\".\nNew product offerings:In February 2021, Affirm announced plans for the Affirm Card, the first U.S. debit card that will allow customers to make installment payments on any purchase at any merchant. Management expects that “as it launches unique new offerings such as Affirm Debit+ and activates exciting new merchant partnerships, it sees a very bright long-term future for Affirm.” Additionally, the Savings product (introduced at the start of FY21) attracted total deposits of about three-hundred million dollars without any promotion.\nExpansion through acquisitions:Recently, in 2021, Affirm completed the acquisitions of PayBright (Canada’s leading buy-now-pay-later providers) and Returnly (a leader in online return experiences and post-purchase payment). Per management, “PayBright's complimentary merchant relationships and first-mover advantage in Canada will enable it to expand its scale and reach across North America. Also, 8 million people have used Returnly successfully and that's another sort of cross-booster for the products on the Affirm side”. Thus, Affirm can expand its total addressable market meaningfully by doing these kinds of acquisitions.\nCustomer retention:Affirm has also shown good merchant retention. Per S-1, “We believe we also increase customer conversion for merchants, leading to strong merchant retention rates as evidenced by our dollar-based merchant expansion rate that has consistently exceeded 100% since 2016. We believe that sustaining this value proposition will allow us to continue expanding revenue from existing merchants”.\n\nRisks\nBesides growth drivers, we would also like to point out the ‘Merchant Concentration risk’. Its top merchant partner, Peloton Interactive, Inc. contributed 20%, 28%, and 20% of total revenue for FY21, FY20, and FY19, respectively. Also, its top ten merchants represented 25%, 35%, and 30% of total revenue for FY21, FY20, and FY19, respectively.\nManagement itself has mentioned in its 10K that “A large percentage of our revenue is concentrated with a single merchant partner; and the loss of this merchant partner or any other significant merchant relationships would materially and adversely affect our business, results of operations, financial condition, and future prospects”. So, Affirm needs to diversify this risk as quickly as possible. We think management is trying their best in this regard – as in its fiscal 4Q21 press release, it mentioned that “In fiscal 2022, Affirm expects GMV to grow faster than revenue as the Company's GMV mix shifts toward shorter duration Split Pay volume, and the volume coming from longer-duration Peloton financing de-concentrates”.\nKey operating metrics\nAffirm highlights below as key operating metrics, which indicate the performance of the company over time.\nGross Merchandise Volume (\"GMV\"):GMV is defined as the total dollar amount of all transactions on the Affirm platform during the applicable period, net of refunds. It does not represent revenue earned by Affirm; however, the GMV processed through its platform is an indicator of the success of its merchants, value provided to the consumers, and the strength of the platform.\nActive Consumers:This is defined as the number of consumers who engage in at least one transaction on Affirm’s platform during the twelve months prior to the measurement date.\nTransactions per Active Consumer:This is a key driver of the contribution margin & operating efficiency and is defined as the average number of transactions that an active consumer has conducted on the platform prior to the measurement date.\nAverage order value (“AOV”):AOV is defined as GMV divided by the number of transactions conducted on the Affirm platform during the period.\nThe graphs below clearly show that the above metrics have improved significantly, leading to a solid financial performance:\n\n\n\nSource: Company S-1 report\n\n\n\nFinancial performance overview\nAffirm’s revenue has been constantly increasing over the years and management expects a solid growth rate (~35%) for FY2022 as in its recent fiscal 4Q21 results, it stated that “Through our host of integrated partnerships with the largest merchants in e-commerce and brick-and-mortar retail, Affirm will be offered as a payment option for merchants representing more than half of U.S. e-commerce, which we believe will ultimately enable us to demonstrate Affirm’s powerful value proposition to millions of new-to-Affirm consumers and grow Active Consumers meaningfully in fiscal 2022.”\nTo understand why management seems so confident of its financial performance going forward, we are providing a short summary of fiscal 4Q21 results –\nIn 4Q21, total revenue increased 71% year-on-year, driven by increases in network revenue and interest income, related to growth in GMV and loans held for investment, respectively, as well as gains on loan sales. Additionally, GMV was $2.5 billion, an increase of 106%, or 178% excluding Peloton, and transactions per active consumer increased 8%.\n\n\n\nSource: Company reports\n\n\n\nThe below graph provides a quick recap of quarterly revenues from 1Q19-4Q21 along with the growth rates:\n\n\n\nSource: Company S-1 report\n\n\n\nThe below graph provides an overview of Operating Expenses as a Percentage of Revenue during 1Q19-4Q21. Furthermore, Affirm is expected to continue growing rapidly, as shown in current analyst predictions. That said, revenue is expected to reach nearly $2 billion by 2024. Since Affirm has widely beaten estimates in the past, these are likely conservative predictions.\n\n\n\n\n\n\nSource: Company S-1 report and estimates\n\n\n\nValuation\nSince Affirm is still in early stages of growth, an illustrative range of comparable Price to Sales multiples can be used to value the Affirm. At a market cap of $39.9 billion, Affirm currently trades at around 27 sales, on a forward basis, considering estimates of $1.6 billion in Fiscal 2023. Certainly, this is not cheap by any means, but it is important to take growth rates into account when comparing Affirm to its peers. For instance, PayPal and Square are trading at a more favorable valuation, yet are growing at a substantially lower rate. After all, Square acquired Afterpay for $29 billion, while the company is currently generating less than $1 billion in annual revenue. At the same time, Swedish fintech firm Klarna, has reportedly raised money at a $46 billion valuation. Nevertheless, it is unlikely that Affirm's valuation will expand further, which could put downside pressure on shares in the short to mid-term.\nData byYChartsManagement and leadership\nThe Affirm team is led by superior Co-founders and a management team with credentials from the world’s leading companies (like PayPal, Capital One, HP, etc).\nMax Levchin:Max serves as the CEO and is a co-founder. He is a B.S. in Computer Science from the University of Illinois at Urbana-Champaign, where he founded and led four other technology startups. Mr. Levchin also co-founded PayPal, where he served as Chief Technology Officer from its founding until its sale to eBay in 2003.\nSandeep Bhandari:Bhandari serves as the company’s Chief Strategy Officer since 2017. Prior to Affirm, he had worked at LendingClub and Capital One serving various roles.\nMichael Linford:Linford serves as Chief Financial Officer since 2018. Prior to Affirm, he had worked at HP Inc, Hewlett Packard Enterprise Company, and Micro Focus International plc serving various roles.\nOther key positions include Katherine Adkins as Chief Legal and Compliance Officer, Greg Fisher as Chief Marketing Officer, and Libor Michalek as President, Technology, Risk, and Operations.\nConclusion\nAffirm continues to increase market share in the BNPL industry, which is quickly gaining momentum, as personal finance is changing drastically. While shares are trading at an EV/ LTM revenue multiple of roughly 46 times, we think that the favorable macroeconomic outlook, growing consumer preference towards BNPL, and the company’s strategy of increasing merchant/ partner network coupled with new product offerings will further provide upside potential. Moreover, Affirm is led by one of the most successful entrepreneurs, Max Levchin, who plans on taking Affirm to new heights. Lastly, the recently announced Amazon and Target partnerships will play an important factor, although we suggest keeping a watch on the concentration risk as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827935391,"gmtCreate":1634387207072,"gmtModify":1634387207152,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827935391","repostId":"1132582737","repostType":4,"repost":{"id":"1132582737","pubTimestamp":1634311475,"share":"https://www.laohu8.com/m/news/1132582737?lang=&edition=full","pubTime":"2021-10-15 23:24","market":"us","language":"en","title":"JPMorgan On Amazon Stock: 29% Upside Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1132582737","media":"TheStreet","summary":"Amazon stock has fallen victim of its own success: shares of the e-commerce giant have lagged the S&","content":"<p>Amazon stock has fallen victim of its own success: shares of the e-commerce giant have lagged the S&amp;P 500 since its disappointing Q2 earnings day. But JPMorgan is optimistic and sees upside ahead.</p>\n<p>Since the release of Amazon’s most recent earnings report, investors have watched shares of the cloud and e-commerce giant tank by 11%. Amazon stock&nbsp;underperformed an already weak S&amp;P 500 by three percentage points over the period, leaving some to question: is AMZN still a good investment?</p>\n<p>According to experts at JPMorgan (JPM), the answer is yes. Today, the Amazon Maven presents the main reasons why five-star&nbsp;rated&nbsp;analyst Doug Anmuth believes that Amazon stock is about to surge, producing an estimated 29% in gains through 2022.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c8e5f4ca5aa3dba7bef61858521bd17\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"><span>Figure 1: J.P. Morgan offices in Hong Kong.</span></p>\n<p><b>Getting back on track</b></p>\n<p>As the&nbsp;Amazon Maven mentioned&nbsp;recently, the impact of the pandemic on shopping habits led analysts to overestimate Amazon’s revenues for the current year. This is the very first reason why JPMorgan&nbsp;believes&nbsp;that AMZN will get a green light to climb again: “[the stock is heading] closer to the last quarter of difficult COVID-19 comps in the first quarter of 2022\", which should help to reset sentiment.</p>\n<p>Once 2020 results are left in the rearview mirror, the e-commerce company will face more realistic, non-pandemic-inflated projections. As mentioned by Mr. Anmuth himself, \"further downward revisions to 2022 profit estimates would help lower the bar and potentially create more of a clearing event”.</p>\n<p><b>Holiday upside</b></p>\n<p>Another reason why Mr. Anmuth believes Amazon stock will head higher is the beginning of the holiday season. Since the market has been so cautious towards AMZN lately, the stock has been trading at lower multiples than would otherwise be considered reasonable. The holidays, on the other hand, could be the bullish catalyst that investors need to own the stock again.</p>\n<p>Lastly, there is the potential for an increase in Prime subscription price in 2022. Considering an estimated 150 million US Prime members in 2021, a $20 dollar hike in annual fee would lead to an extra $3 billion heading towards Amazon’s coffers.</p>\n<p>At first glance, the figure may not seem like much, given Amazon’s revenues of $380 billion in 2020. However, keep in mind that nearly all the price increase would flow cleanly into Amazon’s operating income. On a 2020 basis, this would represent growth of nearly 15% in pre-tax profits.</p>\n<p><b>What do other experts say?</b></p>\n<p>Other reports published recently also support the bullish thesis. Mark Mahaney from Evercore ISI&nbsp;talked&nbsp;to 15 industry experts, including former Amazon employees, during the research firm’s Amazon Day Symposium. The analyst liked what he saw and issued a hefty $4,700 target price.</p>\n<p>Wolfe Research’s Deepak Mathivanan, on the other hand,lowered&nbsp;his price target on AMZN modestly to $3,850 from $3,900, despite maintaining an outperform rating. Sitting closer to the consensus price target is Goldman Sachs’ Eric Sheridan, who is bullish and&nbsp;believes&nbsp;that AMZN shares are worth $4,250.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan On Amazon Stock: 29% Upside Potential</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\">\nJPMorgan On Amazon Stock: 29% Upside Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-15 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/amazon/news/jpmorgan-on-amazon-stock-29-upside-potential><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon stock has fallen victim of its own success: shares of the e-commerce giant have lagged the S&P 500 since its disappointing Q2 earnings day. But JPMorgan is optimistic and sees upside ahead.\n...</p>\n\n<a href=\"https://www.thestreet.com/amazon/news/jpmorgan-on-amazon-stock-29-upside-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/jpmorgan-on-amazon-stock-29-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132582737","content_text":"Amazon stock has fallen victim of its own success: shares of the e-commerce giant have lagged the S&P 500 since its disappointing Q2 earnings day. But JPMorgan is optimistic and sees upside ahead.\nSince the release of Amazon’s most recent earnings report, investors have watched shares of the cloud and e-commerce giant tank by 11%. Amazon stock underperformed an already weak S&P 500 by three percentage points over the period, leaving some to question: is AMZN still a good investment?\nAccording to experts at JPMorgan (JPM), the answer is yes. Today, the Amazon Maven presents the main reasons why five-star rated analyst Doug Anmuth believes that Amazon stock is about to surge, producing an estimated 29% in gains through 2022.\nFigure 1: J.P. Morgan offices in Hong Kong.\nGetting back on track\nAs the Amazon Maven mentioned recently, the impact of the pandemic on shopping habits led analysts to overestimate Amazon’s revenues for the current year. This is the very first reason why JPMorgan believes that AMZN will get a green light to climb again: “[the stock is heading] closer to the last quarter of difficult COVID-19 comps in the first quarter of 2022\", which should help to reset sentiment.\nOnce 2020 results are left in the rearview mirror, the e-commerce company will face more realistic, non-pandemic-inflated projections. As mentioned by Mr. Anmuth himself, \"further downward revisions to 2022 profit estimates would help lower the bar and potentially create more of a clearing event”.\nHoliday upside\nAnother reason why Mr. Anmuth believes Amazon stock will head higher is the beginning of the holiday season. Since the market has been so cautious towards AMZN lately, the stock has been trading at lower multiples than would otherwise be considered reasonable. The holidays, on the other hand, could be the bullish catalyst that investors need to own the stock again.\nLastly, there is the potential for an increase in Prime subscription price in 2022. Considering an estimated 150 million US Prime members in 2021, a $20 dollar hike in annual fee would lead to an extra $3 billion heading towards Amazon’s coffers.\nAt first glance, the figure may not seem like much, given Amazon’s revenues of $380 billion in 2020. However, keep in mind that nearly all the price increase would flow cleanly into Amazon’s operating income. On a 2020 basis, this would represent growth of nearly 15% in pre-tax profits.\nWhat do other experts say?\nOther reports published recently also support the bullish thesis. Mark Mahaney from Evercore ISI talked to 15 industry experts, including former Amazon employees, during the research firm’s Amazon Day Symposium. The analyst liked what he saw and issued a hefty $4,700 target price.\nWolfe Research’s Deepak Mathivanan, on the other hand,lowered his price target on AMZN modestly to $3,850 from $3,900, despite maintaining an outperform rating. Sitting closer to the consensus price target is Goldman Sachs’ Eric Sheridan, who is bullish and believes that AMZN shares are worth $4,250.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692737997,"gmtCreate":1641214604869,"gmtModify":1641214604952,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692737997","repostId":"2200212944","repostType":4,"repost":{"id":"2200212944","pubTimestamp":1641212880,"share":"https://www.laohu8.com/m/news/2200212944?lang=&edition=full","pubTime":"2022-01-03 20:28","market":"us","language":"en","title":"3 Dividend Kings That Should Help You Pull Through Inflation in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200212944","media":"Motley Fool","summary":"These stocks have very consistent dividends and should also hedge against inflation.","content":"<html><head></head><body><p>Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies have managed to continue raising their dividends through several market crashes and bear markets, from Black Monday in 1987 through the COVID-19 pandemic now. The three Dividend Kings I will talk about below are also banks and insurance companies, which tend to be good hedges against inflation.</p><h2>1. Cincinnati Financial Corporation</h2><p>With nearly $30 billion in assets, <b>Cincinnati Financial Corporation</b> (NASDAQ:CINF) is mainly a property and casualty insurer that does business in 45 U.S. states as well as some business in London. More than $23 billion of Cincinnati Financial&#39;s assets are invested in fixed maturity investments and equity securities. Cincinnati&#39;s equities portfolio is impacted by changes in market prices and the company&#39;s largest equity holding is <b>Apple</b>, so a higher-rate environment may not be so great for some stocks in the portfolio.</p><p>But the equities portfolio is also concentrated with sectors that hedge inflation better, like financials and energy. Also, as management noted in the company&#39;s recent regulatory filing, a 1% instantaneous move in short- and long-term interest rates would grow the fair value of the company&#39;s fixed-maturity portfolio by nearly 5%, and enable the company to invest cash flow in securities with higher yields. Cincinnati Financial has now raised its dividend for 61 straight years and has a respectable dividend yield of 2.2%.</p><h2>2. Commerce Bancshares</h2><p><b>Commerce Bancshares</b> (NASDAQ:CBSH) is a nearly $34.5 billion asset bank based in Kansas City, Missouri. This regional bank runs a good business, generating a return on average common equity of more than 16% through the first nine months of the year and a 1.65% return on average assets in the same time period. Return on equity shows the technical profit the bank generated on shareholders&#39; equity, with a 10% return considered strong for most banks. Return on assets shows how well management used assets to generate profits, with a 1% return considered strong.</p><p>In its latest quarterly regulatory filing for the third quarter, management estimates that a gradual 1% rise in interest rates over the next year would result in more than a 5% bump in net interest income over the next year, which is what the bank makes on loans and securities after covering its cost of funding. Commerce has increased its dividend for 53 straight years and has a dividend yield of nearly 1.5%, which is probably better than it sounds considering the bank trades at more than 250% its tangible book value (what a bank would be worth if it were liquidated). That&#39;s a very strong valuation for a bank stock.</p><h2>3. Farmers &amp; <a href=\"https://laohu8.com/S/MBIN\">Merchants Bancorp</a></h2><p>With the smallest market cap of the three at roughly $758 million, <b>Farmers &amp; <a href=\"https://laohu8.com/S/MBINN\">Merchants Bancorp</a></b> (OTC:FMCB) has roughly $5.1 billion in assets and is based in Northern and Central California. This is another strong-performing bank with a return on equity of nearly 15.4% through the first nine months of 2021 and a return on assets of nearly 1.4%. This company is not as sensitive to interest rate moves as the other two, but will still benefit a little bit. Because it trades on the over-the-counter exchange, Farmers &amp; Merchants is also not as liquid as the other two stocks mentioned above. But the company performs well, the stock has a dividend yield of nearly 1.6%, and the bank has increased its dividend for 56 straight years.</p></body></html>","source":"fool_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>3 Dividend Kings That Should Help You Pull Through Inflation in 2022</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\">\n3 Dividend Kings That Should Help You Pull Through Inflation in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CBSH":"科默斯银行","FMCB":"Farmers & Merchants Bancorp","BK4211":"区域性银行","CINF":"辛辛那提金融","BK4107":"财产与意外伤害保险"},"source_url":"https://www.fool.com/investing/2022/01/03/3-dividend-kings-that-should-help-you-pull-through/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200212944","content_text":"Dividend Kings, which are companies that have raised their dividends for at least 50 consecutive years, are some of the most reliable passive income stocks that you will come across. These companies have managed to continue raising their dividends through several market crashes and bear markets, from Black Monday in 1987 through the COVID-19 pandemic now. The three Dividend Kings I will talk about below are also banks and insurance companies, which tend to be good hedges against inflation.1. Cincinnati Financial CorporationWith nearly $30 billion in assets, Cincinnati Financial Corporation (NASDAQ:CINF) is mainly a property and casualty insurer that does business in 45 U.S. states as well as some business in London. More than $23 billion of Cincinnati Financial's assets are invested in fixed maturity investments and equity securities. Cincinnati's equities portfolio is impacted by changes in market prices and the company's largest equity holding is Apple, so a higher-rate environment may not be so great for some stocks in the portfolio.But the equities portfolio is also concentrated with sectors that hedge inflation better, like financials and energy. Also, as management noted in the company's recent regulatory filing, a 1% instantaneous move in short- and long-term interest rates would grow the fair value of the company's fixed-maturity portfolio by nearly 5%, and enable the company to invest cash flow in securities with higher yields. Cincinnati Financial has now raised its dividend for 61 straight years and has a respectable dividend yield of 2.2%.2. Commerce BancsharesCommerce Bancshares (NASDAQ:CBSH) is a nearly $34.5 billion asset bank based in Kansas City, Missouri. This regional bank runs a good business, generating a return on average common equity of more than 16% through the first nine months of the year and a 1.65% return on average assets in the same time period. Return on equity shows the technical profit the bank generated on shareholders' equity, with a 10% return considered strong for most banks. Return on assets shows how well management used assets to generate profits, with a 1% return considered strong.In its latest quarterly regulatory filing for the third quarter, management estimates that a gradual 1% rise in interest rates over the next year would result in more than a 5% bump in net interest income over the next year, which is what the bank makes on loans and securities after covering its cost of funding. Commerce has increased its dividend for 53 straight years and has a dividend yield of nearly 1.5%, which is probably better than it sounds considering the bank trades at more than 250% its tangible book value (what a bank would be worth if it were liquidated). That's a very strong valuation for a bank stock.3. Farmers & Merchants BancorpWith the smallest market cap of the three at roughly $758 million, Farmers & Merchants Bancorp (OTC:FMCB) has roughly $5.1 billion in assets and is based in Northern and Central California. This is another strong-performing bank with a return on equity of nearly 15.4% through the first nine months of 2021 and a return on assets of nearly 1.4%. This company is not as sensitive to interest rate moves as the other two, but will still benefit a little bit. Because it trades on the over-the-counter exchange, Farmers & Merchants is also not as liquid as the other two stocks mentioned above. But the company performs well, the stock has a dividend yield of nearly 1.6%, and the bank has increased its dividend for 56 straight years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875547653,"gmtCreate":1637674786310,"gmtModify":1637674786310,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875547653","repostId":"2185757384","repostType":4,"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876532231,"gmtCreate":1637330455381,"gmtModify":1637330455567,"author":{"id":"3584817540991212","authorId":"3584817540991212","name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876532231","repostId":"1111586448","repostType":4,"repost":{"id":"1111586448","pubTimestamp":1637329309,"share":"https://www.laohu8.com/m/news/1111586448?lang=&edition=full","pubTime":"2021-11-19 21:41","market":"us","language":"en","title":"10 Biggest Price Target Changes For Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1111586448","media":"Benzinga","summary":"Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% t","content":"<ul>\n <li>Wedbush raised&nbsp;<b>Tesla, Inc.</b>(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.</li>\n <li>Credit Suisse lifted&nbsp;<b>Macy's, Inc.</b>(NYSE:M) price target from $19 to $32. Macy's shares fell 2.2% to $36.54 in pre-market trading.</li>\n <li>JMP Securities boosted&nbsp;<b>Palo Alto Networks, Inc.</b>(NYSE:PANW) price target from $550 to $585. Palo Alto shares gained 3.8% to $539.89 in pre-market trading.</li>\n <li>Barclays lifted the price target for&nbsp;<b>Workday, Inc.</b>(NASDAQ:WDAY) from $340 to $345. Workday shares dipped 7.8% to $275.79 in pre-market trading.</li>\n <li>Wedbush boosted the price target on&nbsp;<b>Globant S.A.</b>(NYSE:GLOB) from $300 to $330. Globant shares rose 2.7% to $319.00 in pre-market trading.</li>\n <li>Oppenheimer raised the price target on&nbsp;<b>Analog Devices, Inc.</b>(NASDAQ:ADI) from $200 to $210. Analog Devices shares rose 0.5% to $189.00 in pre-market trading.</li>\n <li>Mizuho lifted the price target for&nbsp;<b>JD.com, Inc.</b>(NASDAQ:JD) from $95 to $100. JD.com shares rose 1.4% to $89.29 in pre-market trading.</li>\n <li>Needham boosted&nbsp;<b>Applied Materials, Inc.</b>(NASDAQ:AMAT) price target from $153 to $166. Applied Materials shares fell 6.6% to $148.35 in pre-market trading.</li>\n <li>Telsey Advisory Group boosted the price target on&nbsp;<b>Williams-Sonoma, Inc.</b>(NYSE:WSM) from $220 to $250. Williams-Sonoma shares fell 7.5% to $202.99 in pre-market trading.</li>\n <li>MKM Partners raised&nbsp;<b>Walmart Inc.</b>(NYSE:WMT) price target from $156 to $166. Walmart shares rose 0.3% to $143.65 in pre-market trading.</li>\n</ul>","source":"lsy1606299360108","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>10 Biggest Price Target Changes For Friday</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\">\n10 Biggest Price Target Changes For Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 21:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.\nCredit Suisse lifted Macy's, Inc.(NYSE:M) price target from $19 ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","TSLA":"特斯拉","WDAY":"Workday","AMAT":"应用材料","GLOB":"Globant","WSM":"Williams-Sonoma Inc","PANW":"Palo Alto Networks","JD":"京东","M":"梅西百货","ADI":"亚德诺"},"source_url":"https://www.benzinga.com/analyst-ratings/price-target/21/11/24191516/10-biggest-price-target-changes-for-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111586448","content_text":"Wedbush raised Tesla, Inc.(NASDAQ:TSLA) price target from $1,100 to $1,400. Tesla shares rose 0.4% to $1,100.50 in pre-market trading.\nCredit Suisse lifted Macy's, Inc.(NYSE:M) price target from $19 to $32. Macy's shares fell 2.2% to $36.54 in pre-market trading.\nJMP Securities boosted Palo Alto Networks, Inc.(NYSE:PANW) price target from $550 to $585. Palo Alto shares gained 3.8% to $539.89 in pre-market trading.\nBarclays lifted the price target for Workday, Inc.(NASDAQ:WDAY) from $340 to $345. Workday shares dipped 7.8% to $275.79 in pre-market trading.\nWedbush boosted the price target on Globant S.A.(NYSE:GLOB) from $300 to $330. Globant shares rose 2.7% to $319.00 in pre-market trading.\nOppenheimer raised the price target on Analog Devices, Inc.(NASDAQ:ADI) from $200 to $210. Analog Devices shares rose 0.5% to $189.00 in pre-market trading.\nMizuho lifted the price target for JD.com, Inc.(NASDAQ:JD) from $95 to $100. JD.com shares rose 1.4% to $89.29 in pre-market trading.\nNeedham boosted Applied Materials, Inc.(NASDAQ:AMAT) price target from $153 to $166. Applied Materials shares fell 6.6% to $148.35 in pre-market trading.\nTelsey Advisory Group boosted the price target on Williams-Sonoma, Inc.(NYSE:WSM) from $220 to $250. Williams-Sonoma shares fell 7.5% to $202.99 in pre-market trading.\nMKM Partners raised Walmart Inc.(NYSE:WMT) price target from $156 to $166. Walmart shares rose 0.3% to $143.65 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}