市值缩水近500亿，卫龙辣条“坑”了CPE源峰、高瓴等资本39亿元!

蓝鲨消费03-05

文蓝鲨消费魏强 3月4日，“辣条第一股”卫龙股票正式被调出港股通标的证券名单。消息一出，卫龙股价大跌，截至3月4日收盘，股价为4.81港元，市值为113亿港元（约104亿元）。这跟卫龙高峰期的估值比，估值掉了约496亿元，而一度追投它的资本亏惨了。卫龙以售卖让人成瘾、重油重盐的辣条为特色，是细分赛道的龙头企业，经过20多年的经营，有规模的营收和利润，被资本圈认为是一个极好的消费标的。...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2417469410?lang=zh_CN&edition=full","thumbnail":"https://inews.gtimg.com/om_ls/OouRJG0SXoI9Ou1Hnx0z4sVIPyaNzBwRf3C5Wcv3Uy8jAAA_294195/0","is_english":false,"pubTime":"2024-03-05 16:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2417469410","market":"hk","top_or_hot":-1,"title":"市值缩水近500亿，卫龙辣条“坑”了CPE源峰、高瓴等资本39亿元!","media":"蓝鲨消费","content":"<div>\n<p>文 蓝鲨消费 魏强\n3月4日，“辣条第一股”卫龙股票正式被调出港股通标的证券名单。\n消息一出，卫龙股价大跌，截至3月4日收盘，股价为4.81港元，市值为113亿港元（约104亿元）。这跟卫龙高峰期的估值比，估值掉了约496亿元，而一度追投它的资本亏惨了。\n卫龙以售卖让人成瘾、重油重盐的辣条为特色，是细分赛道的龙头企业，经过20多年的经营，有规模的营收和利润，被资本圈认为是一个极好的消费标的。...</p>\n\n<a href=\"https://new.qq.com/rain/a/20240305A06BG500\">网页链接</a>\n\n</div>\n","source":"tencent_tech","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>市值缩水近500亿，卫龙辣条“坑”了CPE源峰、高瓴等资本39亿元!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n市值缩水近500亿，卫龙辣条“坑”了CPE源峰、高瓴等资本39亿元!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-05 16:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20240305A06BG500><strong>蓝鲨消费</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文 蓝鲨消费 魏强\n3月4日，“辣条第一股”卫龙股票正式被调出港股通标的证券名单。\n消息一出，卫龙股价大跌，截至3月4日收盘，股价为4.81港元，市值为113亿港元（约104亿元）。这跟卫龙高峰期的估值比，估值掉了约496亿元，而一度追投它的资本亏惨了。\n卫龙以售卖让人成瘾、重油重盐的辣条为特色，是细分赛道的龙头企业，经过20多年的经营，有规模的营收和利润，被资本圈认为是一个极好的消费标的。...</p>\n\n<a href=\"https://new.qq.com/rain/a/20240305A06BG500\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPE","symbol_name":"卡隆石油","start_time":0,"source_url":"https://new.qq.com/rain/a/20240305A06BG500","article_id":"2417469410","we_media_id":null,"thumbnails":["https://inews.gtimg.com/om_ls/OouRJG0SXoI9Ou1Hnx0z4sVIPyaNzBwRf3C5Wcv3Uy8jAAA_294195/0"],"rights":{"source":"tencent_tech","url":"https://new.qq.com/rain/a/20240305A06BG500","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.title{#titleStyle#}a{#lv2TextColor#}.author, .pubtime{#sourceStyle#; display: inline-block;} .pubtime{margin-left: 3px;}strong{font-weight:500;#lv2TextColor#}","selectors":".main-wrapper","filters":".follow_top, .channel-entry, .collapseWrapper, .pic, .gap, .showDividingLine, .loader, .container, .ct-sumary, .nav, .landad, .hairline-top, .footer, .recommend-modules, .headroom-wrapper, .elevator","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2417469410","pubTimestamp":1709627737,"sourceInfo":{"source_id":"tencent_tech","name":"腾讯科技"},"weMediaInfo":null,"summary":"文 蓝鲨消费 魏强3月4日，“辣条第一股”卫龙股票正式被调出港股通标的证券名单。消息一出，卫龙股价大跌，截至3月4日收盘，股价为4.81港元，市值为113亿港元（约104亿元）。这跟卫龙高峰期的估值比，估值掉了约496亿元，而一度追投它的资本亏惨了。卫龙以售卖让人成瘾、重油重盐的辣条为特色，是细分赛道的龙头企业，经过...","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"CPE":"卡隆石油","BK4585":"ETF&股票定投概念","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","BK4588":"碎股","BK4213":"石油与天然气的勘探与生产"},"translate_title":"The market value has shrunk by nearly 50 billion yuan, and Wei Long spicy strips have \"pitted\" CPE Yuanfeng, Gaochun and other capitals of 3.9 billion yuan!","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPE":1},"content_text":"文 蓝鲨消费 魏强\n3月4日，“辣条第一股”卫龙股票正式被调出港股通标的证券名单。\n消息一出，卫龙股价大跌，截至3月4日收盘，股价为4.81港元，市值为113亿港元（约104亿元）。这跟卫龙高峰期的估值比，估值掉了约496亿元，而一度追投它的资本亏惨了。\n卫龙以售卖让人成瘾、重油重盐的辣条为特色，是细分赛道的龙头企业，经过20多年的经营，有规模的营收和利润，被资本圈认为是一个极好的消费标的。2021年5月，卫龙宣布完成6.59亿美元Pre-IPO轮融资，出让股份为12.96%。这是卫龙第一次融资，据此计算其估值高达94亿美元（约600亿元）。如果按2020年卫龙的营收41.2亿元和利润8.19亿元计算，当时给的PE（市盈率）高达88倍。\n这轮投资由CPE源峰（中信产业基金）和高瓴领投，红杉中国、腾讯、云锋基金跟投。具体份额这样分配：CPE源峰2.18亿美元（占2.32%），高瓴1.1亿美元（占1.17%），腾讯、云锋基金各6000万美元，红杉中国、Duckling Fund、厚生投资各2700万美元，海松资本2000万美元，上海泓漯1.1亿美元。\n因为这些资本都是奔着卫龙快速上市去的，当时正值消费投资高峰，因此愿意出很高的溢价。但等到2022年12月15日卫龙在港交所上市，中国这轮消费投资浪潮已消退，当时卫龙的市值仅有242亿港元，跟上市前那轮融资的估值比，已“流血”过半。如按3月4日市值计算，源峰亏1.80亿美元，高瓴亏0.91亿美元，云峰、腾讯亏4962万美元，红杉中国、Duckling Fund、厚生投资亏2232.9万美元，海松资本亏1654万美元，上海泓漯亏0.91亿美元，合计亏损5.45亿美元。\n除了资本市场低迷的影响外，卫龙股票下跌也跟其业绩变脸有关：2021年，卫龙的营收是48亿元，利润8.27亿元；2022年，上市当年，卫龙的营收跌到46.32亿元，利润更是狂跌到1.51亿元，跟2021年比，跌去超80%。2023年中报营收为23.27亿元，利润回到了4.47亿元，净利润率回到了19.21%，但股价却仍在“跌跌不休”。","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417469410"}