特朗普研发政策引爆现金流！这些公司迎来“财务春天”！

金十数据12-04

当选总统唐纳德·特朗普提议允许公司立即记录其国内研发费用，而不是将其分摊在五年内。特朗普的其中一项较少被讨论的政策提案聚焦于公司在研发上的支出。某些公司可能会看到现金流的显著增长。这一政策调整将允许美国公司在花费研发费用时立即记录所有国内研发费用。自2022年起，它们必须将研发支出分摊在五年内。例如，100美元的研发投资将在五年内每年作为20美元的费用出现。通过这一改变，公司将会在花费时立即...

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/2488159651?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/ce3169183f95efe0c5e26aef37b958ea","is_english":false,"pubTime":"2024-12-04 18:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2488159651","market":"hk","top_or_hot":-1,"title":"特朗普研发政策引爆现金流！这些公司迎来“财务春天”！","media":"金十数据","content":"<div>\n<p>当选总统唐纳德·特朗普提议允许公司立即记录其国内研发费用，而不是将其分摊在五年内。\n特朗普的其中一项较少被讨论的政策提案聚焦于公司在研发上的支出。某些公司可能会看到现金流的显著增长。\n这一政策调整将允许美国公司在花费研发费用时立即记录所有国内研发费用。自2022年起，它们必须将研发支出分摊在五年内。例如，100美元的研发投资将在五年内每年作为20美元的费用出现。通过这一改变，公司将会在花费时立即...</p>\n\n<a href=\"https://xnews.jin10.com/webapp/details.html?id=155116&type=news&data_type=0\">网页链接</a>\n\n</div>\n","source":"xnew_highlight","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>特朗普研发政策引爆现金流！这些公司迎来“财务春天”！</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特朗普研发政策引爆现金流！这些公司迎来“财务春天”！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-04 18:44 北京时间&nbsp;&nbsp;&nbsp;<a href=https://xnews.jin10.com/webapp/details.html?id=155116&type=news&data_type=0><strong>金十数据</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>当选总统唐纳德·特朗普提议允许公司立即记录其国内研发费用，而不是将其分摊在五年内。\n特朗普的其中一项较少被讨论的政策提案聚焦于公司在研发上的支出。某些公司可能会看到现金流的显著增长。\n这一政策调整将允许美国公司在花费研发费用时立即记录所有国内研发费用。自2022年起，它们必须将研发支出分摊在五年内。例如，100美元的研发投资将在五年内每年作为20美元的费用出现。通过这一改变，公司将会在花费时立即...</p>\n\n<a href=\"https://xnews.jin10.com/webapp/details.html?id=155116&type=news&data_type=0\">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":"LU1814569148.SGD","symbol_name":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","start_time":0,"source_url":"https://xnews.jin10.com/webapp/details.html?id=155116&type=news&data_type=0","article_id":"2488159651","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/ce3169183f95efe0c5e26aef37b958ea"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488159651","pubTimestamp":1733309086,"columns":[],"sourceInfo":{"source_id":"xnew_highlight","name":"金十要闻"},"weMediaInfo":null,"summary":"特朗普的研发新政可能为美国企业带来一场“现金流革命”！通过允许公司即时记录研发支出，企业不仅能减少税负，还能大幅提升资金流动。","collect":0,"end_time":0,"defaultTopTitle":"jin10.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4085":"互动家庭娱乐","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","META":"Meta Platforms, Inc.","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","SG9999013999.USD":"UOB UNITED GLOBAL HEALTHCARE FUND (USDHDG) INC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","GILD":"吉利德科学","EA":"艺电","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2112291526.USD":"BGF WORLD HEALTHSCIENCE \"A4\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LYFT":"Lyft, Inc.","LU0079474960.USD":"联博美国增长基金A","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","ZM":"Zoom","BK4227":"交易和支付处理服务","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","BK4566":"资本集团","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4524":"宅经济概念","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU0058720904.USD":"联博国际健康护理基金A","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4550":"红杉资本持仓","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","PYPL":"PayPal","BIIB":"渤健公司","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","MRK":"默沙东"},"translate_title":"Trump's R&D policy detonates cash flow! These companies are welcoming a \"financial spring\"!","themeId":"","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/c783f78f270f62d3f59b026a8c56424d","symbols_score_info":{"ZM":1,"LYFT":1,"META":1,"MRK":1,"PYPL":1,"GILD":1,"EA":1,"BIIB":1},"content_text":"当选总统唐纳德·特朗普提议允许公司立即记录其国内研发费用，而不是将其分摊在五年内。\n特朗普的其中一项较少被讨论的政策提案聚焦于公司在研发上的支出。某些公司可能会看到现金流的显著增长。\n这一政策调整将允许美国公司在花费研发费用时立即记录所有国内研发费用。自2022年起，它们必须将研发支出分摊在五年内。例如，100美元的研发投资将在五年内每年作为20美元的费用出现。通过这一改变，公司将会在花费时立即记录全部金额，这样它们报告的盈利下降，税单也随之减少。\n这将增加运营现金流。公司在研发上花费的现金并没有变化，但它们支付的税款减少了。\n特朗普的政策意图是让公司将更多的研发支出转移到美国。由此带来的现金流提升可能促使它们在业务上进行更多投资，当然它们也可以选择将资金存入公司口袋、偿还债务或回购股票。无论哪种情况，这一政策都是另一个对商业友好的政策，投资者应意识到，如果政策落实，数十家公司将看到现金流的显著增长。\n其不利之处在于，这减少了政府的收入，而此时政府正花费历史上空前的巨额资金，但市场将首先关注这一政策对公司财务的积极影响。\n这也是为何Wolfe Research的首席投资策略师Chris Senyek筛选出那些受益最大的公司。他发现，数十家公司将看到运营现金流显著增长，因为它们的研发支出占销售额的比例很高。随着它们立即将更多的研发费用计入账目，它们将看到大幅度的税收减免。\nSenyek查看了这些公司过去五年在美国的年均研发支出，并展示了它们将研发支出立即计入账目后节省的税款。这使Senyek能够展示基于今天分析师共识预估的2025年运营现金流的潜在增长。\n在这些公司中，最大的行业代表是医疗保健行业，因为制药公司需要大量投资研发以开发新药；以及技术行业，这是一个不断创新的行业，其他股票包括Meta Platforms(META.O)、Paypal(PYPL.O)、Zoom(ZM.O)、吉利德科学(GILD.O)、默沙东(MRK.N)和百健(BIIB.O)。\n这些公司预计将在明年的运营现金流中看到2%到20%的增长。并非所有研发支出都发生在美国。Senyek使用这些公司美国销售额占总收入的比例，来大致估算它们在美国的研发支出。这给投资者提供了一个关于其美国支出的概念，但税务专家Robert Willens表示，这并不完全准确。最终，Willens表示，税务机关需要查看这些公司在美国实际发生的研发支付金额。\n艺电(EA.O)也在名单中。过去五年，它的年均研发支出为21亿美元，约占其66亿美元年均销售额的三分之一。并非所有支出都发生在美国，因此Senyek估计明年减少的税款将超过1亿美元。\n这意味着，明年艺电的运营现金流将增加10%，分析师预计其将超过20亿美元。\nLyft(LYFT.O)可能是最大受益者。由于其所有销售都发生在美国，它的研发预算大部分甚至全部都花费在美国。其最近的年均研发支出为7.28亿美元，约占其35亿美元年均收入的五分之一。\n这意味着，Lyft明年将节省约1.53亿美元的税款，从而将预期的几亿美元运营现金流提高超过40%，Senyek表示。\n如果特朗普在推动这一政策通过国会时取得进展，这些股票可能会大幅上涨。","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.3","shortVersion":"4.29.3","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/2488159651"}