T20211211868的个人主页 - 老虎社区

T20211211868

T20211211868

世界太多变幻莫测，唯能还以反复无常。

IP属地：北京

12关注

4粉丝

1主题

0勋章

2021-09-07

厉害，比请什么国外大神靠谱多了

抱歉，原内容已删除

2021-08-02

你全家都是互联网公司

抱歉，原内容已删除

2021-07-19

当前走势看股价5%以上的增长空间。P话。5%的波动用得着你说

抱歉，原内容已删除

2021-07-02

999买了一个

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2021-06-28

$*ST众泰(000980)$就猜猜算上今天周一，会连续几个跌停板吧？

2021-06-17

一定可以

抱歉，原内容已删除

2021-06-04

$小米集团-W(01810)$逆势上涨的第2天。

2021-05-26

棒！

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2021-03-31

说了一堆废话

抱歉，原内容已删除

2021-02-05

$小米集团-W(01810)$能不能争点气？能不能争点气？！

2020-07-30

$蔚来(NIO)$我是实盘交易者吗？

去老虎APP查看更多动态

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16:02","market":"hk","language":"zh","title":"一年上升84名！小米成世界500强中增速最快互联网公司","url":"https://stock-news.laohu8.com/highlight/detail?id=2156993371","media":"南方PLUS","summary":"根据最新发布的《财富》世界500强榜单，小米集团登上第338位，相较上一年排名大幅上升了84名，是榜单中“全球互联网和零售行业进步最快的500强企业”，也是今年7家上榜的互联网公司中，排名提升幅度最大的一家。财报显示，2020年小米集团全年收2459亿元，相较2019年大幅提升19.4%。进入2021年，小米营收和利润均呈现爆发式增长，第一季度总营收达769亿元，同比增长54.7%；经调整净利润人民币61亿元，同比增长163.8%。","content":"<html><body><article><p>根据最新发布的《财富》世界500强榜单，小米集团登上第338位，相较上一年排名大幅上升了84名，是榜单中“全球互联网和零售行业进步最快的500强企业”，也是今年7家上榜的互联网公司中，排名提升幅度最大的一家。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13840135232/0\"/><p>财报显示，2020年小米集团全年收2459亿元，相较2019年大幅提升19.4%。进入2021年，小米营收和利润均呈现爆发式增长，第一季度总营收达769亿元，同比增长54.7%；经调整<span>净利润</span>人民币61亿元，同比增长163.8%。</p><p>根据Canalys的数据，今年二季度，小米手机销量超越<a href=\"https://laohu8.com/S/AAPL\">苹果</a>，凭借17%的份额首次晋升全球第二大<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>手机制造商，同比高速增长83%。另据IDC公布的2021第二季度中国市场数据，小米手机<span>市场占有率</span>提升至17.2%，出货量同比增长47%，在各家厂商中同比增速最快。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13840135233/0\"/><p>但需要注意的是，小米作为智能终端厂商，在企业年度营收上仍与华为、苹果有较大差距。比如，虽然苹果、小米的手机销量差距不大，但是苹果今年在世界500强榜单上排名第六，其年度利润已突破500万元人民币，是小米的10倍以上。如何实现高端化，在软、硬件等领域效仿苹果“两面开花”，仍然是小米今年最重大的课题之一。</p><p>【记者】许隽</p><p>【作者】 许隽</p><p>南方产业智库</p></article></body></html>","source":"tencent","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>一年上升84名！小米成世界500强中增速最快互联网公司</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\">\n一年上升84名！小米成世界500强中增速最快互联网公司\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 16:02 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021080216034379db3a19&s=b><strong>南方PLUS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>根据最新发布的《财富》世界500强榜单，小米集团登上第338位，相较上一年排名大幅上升了84名，是榜单中“全球互联网和零售行业进步最快的500强企业”，也是今年7家上榜的互联网公司中，排名提升幅度最大的一家。财报显示，2020年小米集团全年收2459亿元，相较2019年大幅提升19.4%。进入2021年，小米营收和利润均呈现爆发式增长，第一季度总营收达769亿元，同比增长54.7%；经调整净利润...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021080216034379db3a19&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6440ed998678ceba7821d81f1812c86f","relate_stocks":{"160636":"互联网","161025":"移动互联","01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021080216034379db3a19&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2156993371","content_text":"根据最新发布的《财富》世界500强榜单，小米集团登上第338位，相较上一年排名大幅上升了84名，是榜单中“全球互联网和零售行业进步最快的500强企业”，也是今年7家上榜的互联网公司中，排名提升幅度最大的一家。财报显示，2020年小米集团全年收2459亿元，相较2019年大幅提升19.4%。进入2021年，小米营收和利润均呈现爆发式增长，第一季度总营收达769亿元，同比增长54.7%；经调整净利润人民币61亿元，同比增长163.8%。根据Canalys的数据，今年二季度，小米手机销量超越苹果，凭借17%的份额首次晋升全球第二大智能手机制造商，同比高速增长83%。另据IDC公布的2021第二季度中国市场数据，小米手机市场占有率提升至17.2%，出货量同比增长47%，在各家厂商中同比增速最快。但需要注意的是，小米作为智能终端厂商，在企业年度营收上仍与华为、苹果有较大差距。比如，虽然苹果、小米的手机销量差距不大，但是苹果今年在世界500强榜单上排名第六，其年度利润已突破500万元人民币，是小米的10倍以上。如何实现高端化，在软、硬件等领域效仿苹果“两面开花”，仍然是小米今年最重大的课题之一。【记者】许隽【作者】 许隽南方产业智库","news_type":1},"isVote":1,"tweetType":1,"viewCount":2014,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"20704831058604","authorId":"20704831058604","name":"阿曼曼","avatar":"https://static.laohu8.com/tiger_upload_file_1446566133.png","crmLevel":1,"crmLevelSwitch":0},"content":"过气的互联网公司","text":"过气的互联网公司","html":"过气的互联网公司"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":380962552,"gmtCreate":1612505214176,"gmtModify":1703762821892,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>能不能争点气？能不能争点气？！","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>能不能争点气？能不能争点气？！","text":"$小米集团-W(01810)$能不能争点气？能不能争点气？！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/380962552","isVote":1,"tweetType":1,"viewCount":2127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":116976681,"gmtCreate":1622772050443,"gmtModify":1622772050443,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>逆势上涨的第2天。","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>逆势上涨的第2天。","text":"$小米集团-W(01810)$逆势上涨的第2天。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116976681","isVote":1,"tweetType":1,"viewCount":1199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880058373,"gmtCreate":1631002735592,"gmtModify":1631002735592,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"厉害，比请什么国外大神靠谱多了","listText":"厉害，比请什么国外大神靠谱多了","text":"厉害，比请什么国外大神靠谱多了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880058373","repostId":"2165931332","repostType":2,"repost":{"id":"2165931332","pubTimestamp":1630998000,"share":"https://www.laohu8.com/m/news/2165931332?lang=&edition=full","pubTime":"2021-09-07 15:00","market":"us","language":"zh","title":"小米再添大将！原吉利研究院院长或主导小米造车项目","url":"https://stock-news.laohu8.com/highlight/detail?id=2165931332","media":"CNMO","summary":"截止今年，胡峥楠在吉利汽车工作了九年之久，可以说是见证了吉利汽车的发展历史。其实，早在今年6月份外界就有消息传出，原吉利研究院院长胡峥楠收到了小米集团的邀请，并且打算让他出任小米汽车的主要负责人。现在胡峥楠正式加入了顺为资本，或许也是在向外界表示，自己已经顺利地加入小米造车项目，希望广大米粉朋友放心，你们的第一台车有我把关，稳稳地！","content":"<html><body><p cms-style=\"font-L isIntable \">此前，雷军亲自在<a href=\"https://laohu8.com/S/WB\">微博</a>上招募“自动驾驶”人才，显示出小米公司对于造车项目的重视。9月7日，智车派了解到，原吉利研究院院长胡峥楠加入了顺为资本！顺为资本是雷军在2012年创办的风投机构，该公司与小米之间有众多的战略投资协同。相关内部人员表示，胡峥楠很有可能将会主导小米造车项目。</p>\n<figure>\n<img h=\"424\" src=\"http://n.sinaimg.cn/spider20210907/224/w600h424/20210907/25e0-a50c450a7f8fef2252651bd0ecce31dc.png\" w=\"600\"/>\n<h2></h2>\n</figure>\n<p cms-style=\"font-L align-Center isIntable \">小米公司</p>\n<p cms-style=\"font-L isIntable \">相关资料显示，胡峥楠历任上海汽车工业技术中心工程师、上海龙创汽车设计有限公司技术总监、<a href=\"https://laohu8.com/S/00175\">吉利汽车</a>研究院（宁波）有限公司总监等职位，是汽车行业内资深的技术高管。截止今年，胡峥楠在吉利汽车工作了九年之久，可以说是见证了吉利汽车的发展历史。</p>\n<p cms-style=\"font-L isIntable \">其实，早在今年6月份外界就有消息传出，原吉利研究院院长胡峥楠收到了小米集团的邀请，并且打算让他出任小米汽车的主要负责人。听说为了争取到这位技术高管人才，小米公司甚至开出了过亿的年薪。现在胡峥楠正式加入了顺为资本，或许也是在向外界表示，自己已经顺利地加入小米造车项目，希望广大米粉朋友放心，你们的第一台车有我把关，稳稳地！</p>\n<div>\n<img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\"/>\n</div>\n</body></html>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米再添大将！原吉利研究院院长或主导小米造车项目</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\">\n小米再添大将！原吉利研究院院长或主导小米造车项目\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-07 15:00 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.sina.cn/mobile/xp/2021-09-07/detail-iktzqtyt4570982.d.html?vt=4><strong>CNMO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>此前，雷军亲自在微博上招募“自动驾驶”人才，显示出小米公司对于造车项目的重视。9月7日，智车派了解到，原吉利研究院院长胡峥楠加入了顺为资本！顺为资本是雷军在2012年创办的风投机构，该公司与小米之间有众多的战略投资协同。相关内部人员表示，胡峥楠很有可能将会主导小米造车项目。\n\n\n\n\n小米公司\n相关资料显示，胡峥楠历任上海汽车工业技术中心工程师、上海龙创汽车设计有限公司技术总监、吉利汽车研究院（宁波...</p>\n\n<a href=\"https://tech.sina.cn/mobile/xp/2021-09-07/detail-iktzqtyt4570982.d.html?vt=4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://k.sinaimg.cn/n/tech/transform/667/w400h267/20210907/829e-ce256a1e9fe8ea09095b96f3244a2fa5.png/w120h90l50t109b.jpg","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://tech.sina.cn/mobile/xp/2021-09-07/detail-iktzqtyt4570982.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165931332","content_text":"此前，雷军亲自在微博上招募“自动驾驶”人才，显示出小米公司对于造车项目的重视。9月7日，智车派了解到，原吉利研究院院长胡峥楠加入了顺为资本！顺为资本是雷军在2012年创办的风投机构，该公司与小米之间有众多的战略投资协同。相关内部人员表示，胡峥楠很有可能将会主导小米造车项目。\n\n\n\n\n小米公司\n相关资料显示，胡峥楠历任上海汽车工业技术中心工程师、上海龙创汽车设计有限公司技术总监、吉利汽车研究院（宁波）有限公司总监等职位，是汽车行业内资深的技术高管。截止今年，胡峥楠在吉利汽车工作了九年之久，可以说是见证了吉利汽车的发展历史。\n其实，早在今年6月份外界就有消息传出，原吉利研究院院长胡峥楠收到了小米集团的邀请，并且打算让他出任小米汽车的主要负责人。听说为了争取到这位技术高管人才，小米公司甚至开出了过亿的年薪。现在胡峥楠正式加入了顺为资本，或许也是在向外界表示，自己已经顺利地加入小米造车项目，希望广大米粉朋友放心，你们的第一台车有我把关，稳稳地！","news_type":1},"isVote":1,"tweetType":1,"viewCount":1930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":171006442,"gmtCreate":1626693193786,"gmtModify":1626693193786,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"当前走势看股价5%以上的增长空间。P话。5%的波动用得着你说","listText":"当前走势看股价5%以上的增长空间。P话。5%的波动用得着你说","text":"当前走势看股价5%以上的增长空间。P话。5%的波动用得着你说","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171006442","repostId":"2152320806","repostType":2,"repost":{"id":"2152320806","pubTimestamp":1626686700,"share":"https://www.laohu8.com/m/news/2152320806?lang=&edition=full","pubTime":"2021-07-19 17:25","market":"hk","language":"zh","title":"ATFX：小米手机份额问鼎“全球第二” 当前股价有多少上望空间？","url":"https://stock-news.laohu8.com/highlight/detail?id=2152320806","media":"凤凰网港股","summary":"上周“小米销量超苹果跻身全球第二”冲上热搜，小米集团股价受消息推动顺势大涨超过5%。Canalys发布的最新报告，2021年第二季度，三星的智能手机出货量占市场份额的19%，排名第一；小米市场份额为17%，排名第二，智能手机出货比上年度增长83%，是三大企业中增长势头最快的。ATFX分析团队认为，小米凭借积极的商业模式，良好的基本面因素利好其盈利增长前景，第二季度营收有望同比增长至少50%，下半年的新品发布更有利于市场份额持续增长。","content":"<html><body><article><p>上周“小米销量超<a href=\"https://laohu8.com/S/AAPL\">苹果</a>跻身全球第二”冲上热搜，小米集团(01810)股价受消息推动顺势大涨超过5%。Canalys发布的最新报告，2021年第二季度，<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>的智能手机出货量占市场份额的19%，排名第一；小米市场份额为17%，排名第二，智能手机<span>出货</span>比上年度增长83%，是三大企业中增长势头最快的。和头名的市场份额只有2%的距离，所以小米的下一个目标是：取代三星，成为全球头号厂商。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20210719173004732v235ghdcwa48r2j\"/><p>小米已经进入全球100多个国家和地区布局，从市场销量来看，小米手机海外市场增速远大于国内增速，营收贡献占比一半，积极开拓境外市场也是小米占有率排名持续上升的主要原因之一。据Canalys第二季度数据，小米在拉丁美洲同比增速超300%，在非洲超过150%，在西欧增长超过50%，其中部分原因在于填补了华为在欧洲市场受限的空缺。</p><p>小米集团2021年一季度业绩显示，一季度取得收入768.82亿元(人民币、下同)，同比增加54.7%； 经调整<span>净利润</span>60.69亿元，同比增加163.8%，总收入和经调整净利润均创单季度历史新高，手机业务的增长起到了关键的带动。</p><p>小米业务得以快速发展，分不开两大因素不断在创新研发中投入和人才激励机制。2020年小米研发总投入超过100亿元，今年预计再增加30-40%。以去年2月份推出旗舰小米10系列为突破，小米在高端市场进一步站稳脚跟，成功打破了过去由苹果、华为把持的国内高端市场。</p><p>7月以来小米已经相继宣布了两波大规模的<span>股权激励</span>计划，先是向优秀员工授予总计70231664股，折合18.4亿港元(约15.3亿元)价值的股票，仅仅四天后再度宣布面向技术专家、中高层管理者和新十年创业者计划入选者等122人，总计奖励1.2亿股股票，可见小米对于人才激励的重视程度，就像雷军所说的“激励计划有效实现个人受益和公司业绩的高度绑定”。</p><p>不过在国内市场，小米销量则受到华为反攻国内市场带来的冲击，特别是在高端市场上，苹果和华为手机拥有着广泛的用户忠诚度，在“得高端者得天下”理念下，原本靠性价比打开市场的小米需要靠更多的创新爆款来站稳脚跟。小米下半年可能会发布MIX 4系列，有望实现真正的全面屏，MIX系列作为小米的高端旗舰产品，新品会有更多的技术创新，所以也吸引了足够的关注。</p><p>据信通院数据，6月国内手机市场继续受需求在一季度提前释放、移动芯片短缺、华为缺位等因素影响，按年延续下降趋势，同比下降10.4%，但降幅由4、5月的超过30%收窄至10%。而下半年消费电子传统旺季到来，而且苹果等头部厂商新机型的推出，将带动整个国内手机市场增长的回升。</p><p>小米还有一大业务优势在于智能家居产品市场，因为其不仅仅专注于智能手机，更在智能家居生态链建设上积极布局。近几年我国智能家居市场正呈现高速增长之势，越来越多的互联网企业加入竞争，而小米在赛道上已经有了先发优势，也是小米股价的一大支点。</p><p>ATFX分析团队认为，小米凭借积极的商业模式，良好的基本面因素利好其盈利增长前景，第二季度营收有望同比增长至少50%，下半年的新品发布更有利于市场份额持续增长。当前走势看股价5%以上的增长空间，可上望到30港元水平，后续突破力度可以关注其二季度营收报告以及新品的发布情况。</p><p>（文章来源：凤凰网港股）</p></article></body></html>","source":"tencent","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>ATFX：小米手机份额问鼎“全球第二” 当前股价有多少上望空间？</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\">\nATFX：小米手机份额问鼎“全球第二” 当前股价有多少上望空间？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 17:25 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107191730137c2236c7&s=b><strong>凤凰网港股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>上周“小米销量超苹果跻身全球第二”冲上热搜，小米集团(01810)股价受消息推动顺势大涨超过5%。Canalys发布的最新报告，2021年第二季度，三星的智能手机出货量占市场份额的19%，排名第一；小米市场份额为17%，排名第二，智能手机出货比上年度增长83%，是三大企业中增长势头最快的。和头名的市场份额只有2%的距离，所以小米的下一个目标是：取代三星，成为全球头号厂商。小米已经进入全球100多个...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107191730137c2236c7&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8844d34a68c737501939fc425fd6195b","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107191730137c2236c7&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2152320806","content_text":"上周“小米销量超苹果跻身全球第二”冲上热搜，小米集团(01810)股价受消息推动顺势大涨超过5%。Canalys发布的最新报告，2021年第二季度，三星的智能手机出货量占市场份额的19%，排名第一；小米市场份额为17%，排名第二，智能手机出货比上年度增长83%，是三大企业中增长势头最快的。和头名的市场份额只有2%的距离，所以小米的下一个目标是：取代三星，成为全球头号厂商。小米已经进入全球100多个国家和地区布局，从市场销量来看，小米手机海外市场增速远大于国内增速，营收贡献占比一半，积极开拓境外市场也是小米占有率排名持续上升的主要原因之一。据Canalys第二季度数据，小米在拉丁美洲同比增速超300%，在非洲超过150%，在西欧增长超过50%，其中部分原因在于填补了华为在欧洲市场受限的空缺。小米集团2021年一季度业绩显示，一季度取得收入768.82亿元(人民币、下同)，同比增加54.7%； 经调整净利润60.69亿元，同比增加163.8%，总收入和经调整净利润均创单季度历史新高，手机业务的增长起到了关键的带动。小米业务得以快速发展，分不开两大因素不断在创新研发中投入和人才激励机制。2020年小米研发总投入超过100亿元，今年预计再增加30-40%。以去年2月份推出旗舰小米10系列为突破，小米在高端市场进一步站稳脚跟，成功打破了过去由苹果、华为把持的国内高端市场。7月以来小米已经相继宣布了两波大规模的股权激励计划，先是向优秀员工授予总计70231664股，折合18.4亿港元(约15.3亿元)价值的股票，仅仅四天后再度宣布面向技术专家、中高层管理者和新十年创业者计划入选者等122人，总计奖励1.2亿股股票，可见小米对于人才激励的重视程度，就像雷军所说的“激励计划有效实现个人受益和公司业绩的高度绑定”。不过在国内市场，小米销量则受到华为反攻国内市场带来的冲击，特别是在高端市场上，苹果和华为手机拥有着广泛的用户忠诚度，在“得高端者得天下”理念下，原本靠性价比打开市场的小米需要靠更多的创新爆款来站稳脚跟。小米下半年可能会发布MIX 4系列，有望实现真正的全面屏，MIX系列作为小米的高端旗舰产品，新品会有更多的技术创新，所以也吸引了足够的关注。据信通院数据，6月国内手机市场继续受需求在一季度提前释放、移动芯片短缺、华为缺位等因素影响，按年延续下降趋势，同比下降10.4%，但降幅由4、5月的超过30%收窄至10%。而下半年消费电子传统旺季到来，而且苹果等头部厂商新机型的推出，将带动整个国内手机市场增长的回升。小米还有一大业务优势在于智能家居产品市场，因为其不仅仅专注于智能手机，更在智能家居生态链建设上积极布局。近几年我国智能家居市场正呈现高速增长之势，越来越多的互联网企业加入竞争，而小米在赛道上已经有了先发优势，也是小米股价的一大支点。ATFX分析团队认为，小米凭借积极的商业模式，良好的基本面因素利好其盈利增长前景，第二季度营收有望同比增长至少50%，下半年的新品发布更有利于市场份额持续增长。当前走势看股价5%以上的增长空间，可上望到30港元水平，后续突破力度可以关注其二季度营收报告以及新品的发布情况。（文章来源：凤凰网港股）","news_type":1},"isVote":1,"tweetType":1,"viewCount":1076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":156889933,"gmtCreate":1625210516022,"gmtModify":1625210516022,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"999买了一个","listText":"999买了一个","text":"999买了一个","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156889933","repostId":"2148876449","repostType":2,"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":150088412,"gmtCreate":1624875449736,"gmtModify":1624875449736,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a 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10:15","market":"hk","language":"zh","title":"中信证券：维持小米集团(01810)“买入”评级 目标价36港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2138197871","media":"智通财经","summary":"智通财经APP获悉，中信证券发布研究报告，维持小米集团“买入”评级，目标价36港元。报告中称，富时罗素指数近日宣布将公司重新纳入富时全球指数系列，将于6月7日起纳入50%，6月21日起纳入余下的50%。中信证券表示，公司在2021年3月31日至2021年4月23日连续十五个交易日持续进行股票回购，直至静默期停止回购，累计回购近50亿港元，展现公司对其未来的信心。","content":"<html><body><p>智通财经APP获悉，<a href=\"https://laohu8.com/S/600030\">中信证券</a>发布研究报告，维持小米集团(01810)“买入”评级，目标价36港元。</p><p>报告中称，富时罗素指数近日宣布将公司重新纳入富时全球指数系列，将于6月7日起纳入50%，6月21日起纳入余下的50%。该行判断此次公司重回富时全球指数，有望带动相关被动资金以及部分观望资金流入，股价有望重新回到基本面预期。</p><p>该行表示，基于公司手机出货量快速提升、高端化持续取得突破以及今年以来的库存缺货环境，该行预计，公司今年首季毛利率较2020年第四季将进一步提升，全年盈利弹性或超预期。展望全年，该行预计公司智能手机出货量有望接近2亿台，IoT业务增速回升，用户数的累积效应也将帮助互联网业务增速逐季提升。该行持续看好公司的“手机×AIoT”的长期战略，结合未来两年预期33%左右的复合增速，给予公司2022年综合市盈率为32倍。</p><p><a href=\"https://laohu8.com/S/06030\">中信证券</a>表示，公司在2021年3月31日至2021年4月23日连续十五个交易日持续进行股票回购，直至静默期停止回购，累计回购近50亿港元，展现公司对其未来的信心。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>中信证券：维持小米集团(01810)“买入”评级 目标价36港元</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\">\n中信证券：维持小米集团(01810)“买入”评级 目标价36港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 10:15 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/481865.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，中信证券发布研究报告，维持小米集团(01810)“买入”评级，目标价36港元。报告中称，富时罗素指数近日宣布将公司重新纳入富时全球指数系列，将于6月7日起纳入50%，6月21日起纳入余下的50%。该行判断此次公司重回富时全球指数，有望带动相关被动资金以及部分观望资金流入，股价有望重新回到基本面预期。该行表示，基于公司手机出货量快速提升、高端化持续取得突破以及今年以来的库存缺货...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/481865.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://www.zhitongcaijing.com/content/detail/481865.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138197871","content_text":"智通财经APP获悉，中信证券发布研究报告，维持小米集团(01810)“买入”评级，目标价36港元。报告中称，富时罗素指数近日宣布将公司重新纳入富时全球指数系列，将于6月7日起纳入50%，6月21日起纳入余下的50%。该行判断此次公司重回富时全球指数，有望带动相关被动资金以及部分观望资金流入，股价有望重新回到基本面预期。该行表示，基于公司手机出货量快速提升、高端化持续取得突破以及今年以来的库存缺货环境，该行预计，公司今年首季毛利率较2020年第四季将进一步提升，全年盈利弹性或超预期。展望全年，该行预计公司智能手机出货量有望接近2亿台，IoT业务增速回升，用户数的累积效应也将帮助互联网业务增速逐季提升。该行持续看好公司的“手机×AIoT”的长期战略，结合未来两年预期33%左右的复合增速，给予公司2022年综合市盈率为32倍。中信证券表示，公司在2021年3月31日至2021年4月23日连续十五个交易日持续进行股票回购，直至静默期停止回购，累计回购近50亿港元，展现公司对其未来的信心。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354273376,"gmtCreate":1617183167595,"gmtModify":1617184367307,"author":{"id":"3534367522853989","authorId":"3534367522853989","name":"T20211211868","avatar":"https://static.tigerbbs.com/4d3fadd45e3a5a178c289fe36b0597e7","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"说了一堆废话","listText":"说了一堆废话","text":"说了一堆废话","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354273376","repostId":"2123024319","repostType":2,"repost":{"id":"2123024319","pubTimestamp":1617159492,"share":"https://www.laohu8.com/m/news/2123024319?lang=&edition=full","pubTime":"2021-03-31 10:58","market":"sh","language":"zh","title":"智能电动汽车2025谁将胜出？","url":"https://stock-news.laohu8.com/highlight/detail?id=2123024319","media":"中信证券研究","summary":"智能电动汽车将成汽车产品竞争主战场，更是下一代移动互联网AIoT 最重要的产品平台。","content":"<p><a href=\"https://laohu8.com/S/5RE.SI\">智能</a>电动汽车将成汽车产品竞争主战场，更是下一代移动互联网AIoT 最重要的产品平台。基于保守假设，我们预计，到2025年，中国电动汽车销量规模将超700万辆（CAGR 39%），其中绝大多数具备智能配置。以<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>为代表的造车新势力重新定义智能车产品，完成消费者教育和投资者教育。我们判断，未来仍将有更多科技公司入局，加入“软件定义汽车”的竞争。同时，以大众为代表的传统汽车公司觉醒，显著加大智能电动领域投资。预计市场竞争将在2023-2025年变得空前激烈。我们认为，决定智能电动汽车市场地位的关键因素是：1）包含软件、硬件、机械件的全栈产品定义、研发和落地能力；2）持续降成本以获得更大份额、积累更多数据以优化算法的能力。</p>\n<p></p>\n<p><b>▍</b><b>更大的市场：我们预计2025年中国和全球电动汽车销量规模分别达700万辆、1500万辆，CAGR分别为39%、36%。届时，绝大多数电动汽车将具备智能配置。</b></p>\n<p>1）电动汽车逐渐进入成熟期，电池成本持续下降加速普及。2014-2020年<a href=\"https://laohu8.com/S/300750\">宁德时代</a>动力电池的平均售价下降幅度累计达70%左右。特斯拉预计未来5年电池成本仍有望再下降50%以上，加速电动车普及。</p>\n<p>2）电动车简化车身结构，降低制造难度。电动车零部件数量较传统汽油车减少约40%，模块化生产帮助造车新势力在发展初期利用第三方富裕产能或新建产能，实现代工生产，加速产业化进程。</p>\n<p>3）智能化和软件水平改善用户体验。智能座舱和自动驾驶将成为拉开用户体验差距的主要因素，高端汽车代码量可达1亿行，复杂程度高于PC和智能手机，且代码量预计仍将快速增长。</p>\n<p><b>▍</b><b>软件定义汽车：智能座舱改善用户体验，保有量和行驶里程影响自动驾驶算法。</b></p>\n<p>1）核心竞争力：软件定义智能化水平，包括智能座舱和自动驾驶。电动车结构相对简单且动力差异不大，动力总成（发动机、变速箱等）不再是关键竞争力。软件能力支撑智能化水平。</p>\n<p>2）智能座舱：类似于手机曾经历的从“功能机”向“智能机”的迁移，汽车正在经历智能化进程。</p>\n<p>3）自动驾驶算法：研发强度和自动驾驶里程数是关键。特斯拉凭借超48亿公里的行驶里程（2020.4）持续优化算法。</p>\n<p>4）更大的保有量：意味着更多的数据。领军企业特斯拉持续推出更高性价比产品，产品均价由2013年初的11.3万美元/辆，降低至2020年底的5.0万美元/辆，降幅达55.7%，驱动累计销量超140万辆（2020.12）。</p>\n<p>5）智能汽车商业模式未来可能从“购买产品”向“订阅服务”演进。特斯拉FSD（Full Self-Driving）售价由2019年初3000美元上涨至2020年底的1万美元，亦有望于2021年推出按月付费套装。</p>\n<p><b>▍</b><b>更激烈的竞争：更多科技公司入局VS传统车企的觉醒。</b></p>\n<p>1）特斯拉销量快速提升，中国造车新势力努力追赶。2020年，特斯拉销售整车49.96万辆（+35.8%），市值上涨7.8倍；<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、理想、小鹏分别销售4.3万辆、3.3万辆、2.6万辆，蔚来市值上涨16.7倍，理想、小鹏美股IPO之后市值大幅上涨。IPO和再融资驱动中资造车新势力公司研发投资持续提升。</p>\n<p>2）更多科技公司入局：小米公告以全资子公司进入智能电动汽车领域，计划未来10年投资100亿美元；据路透社报道，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>或将于2024年发布苹果智能汽车；华为以Tier 1角色进军智能汽车领域；<a href=\"https://laohu8.com/S/BIDU\">百度</a>与吉利控股合作成立集度汽车进军整车制造领域。</p>\n<p>3）传统车企觉醒，加速智能电动车投放进程。大众在2021年Power day称争取最迟到2025年成为全球电动汽车市场的领导者。长城、<a href=\"https://laohu8.com/S/002594\">比亚迪</a>均加快了在智能电动汽车领域的投资和产品投放。</p>\n<p>4）我们判断，2021-2023年将有更多科技公司涉足汽车领域，传统车企加速转型， 2023-2025年可能成为电动车产品竞争最激烈的阶段。</p>\n<p><b>▍</b><b>谁能胜出：具有全栈研发和产品能力&amp;持续降成本的公司有望获得更多份额。</b></p>\n<p><b>1）全栈研发能力</b>：智能电动汽车重新定义汽车产品，是对传统汽车公司原有研发组织形式的挑战，需要软件、硬件、机械件工程师密切合作，共同完成产品定义和研发设计。具有较强全栈研发能力，具有更灵活的研发组织形式的公司有望定义更优秀的产品。</p>\n<p><b>2）持续降成本的能力：</b>当前智能电动汽车的主力价格段在20-40万元，产品进一步大规模普及需要伴随价格段持续下探。更大的汽车销量、更长的行驶里程亦将产生更多的数据反哺优化自动驾驶算法。具有持续优化产品和成本结构能力的公司，有机会获得更多市场份额。</p>\n<p><b>▍</b><b>风险因素：</b></p>\n<p>国际贸易摩擦加剧的风险；动力电池成本下降幅度不达预期的风险；动力电池产能不足的风险；自动驾驶汽车出现严重安全事故影响行业进展的风险；政策对于自动驾驶进行限制的风险；智能汽车数据隐私管理不足的风险；证券市场大幅波动导致造车新势力融资能力不足的风险；传统企业智能化转型进度不达预期的风险；汽车芯片等计算单元成本下降缓慢的风险等。</p>\n<p><b>▍</b><b>投资策略：</b></p>\n<p>汽车电动化逐渐成熟，智能化进入加速期，智能电动车市场规模预计将持续高速增长。我们预计，到2025年，中国智能汽车销售规模将达700万辆（渗透率20.4%），更多科技公司入局汽车市场，传统车企觉醒加速智能化进程。我们关注智能电动汽车总量增长带来的机会，关注优势整车和零部件公司获得市场份额和高成长的机会。相关公司包括：特斯拉、小米集团、<a href=\"https://laohu8.com/S/LI\">理想汽车</a>、<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>、蔚来汽车、百度、比亚迪（A+H）、<a href=\"https://laohu8.com/S/02333\">长城汽车</a>，宁德时代等。</p>","source":"zxzqyj","collect":0,"html":"<!DOCTYPE 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}\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智能电动汽车2025谁将胜出？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 10:58 北京时间&nbsp;&nbsp;&nbsp;<a href=http://mp.weixin.qq.com/s/4Q1zNpRIIpCQ3QqfOhBBuA><strong>中信证券研究</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智能电动汽车将成汽车产品竞争主战场，更是下一代移动互联网AIoT 最重要的产品平台。基于保守假设，我们预计，到2025年，中国电动汽车销量规模将超700万辆（CAGR 39%），其中绝大多数具备智能配置。以特斯拉为代表的造车新势力重新定义智能车产品，完成消费者教育和投资者教育。我们判断，未来仍将有更多科技公司入局，加入“软件定义汽车”的竞争。同时，以大众为代表的传统汽车公司觉醒，显著加大智能电动...</p>\n\n<a href=\"http://mp.weixin.qq.com/s/4Q1zNpRIIpCQ3QqfOhBBuA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4c605ec9e68c8a8d6f2fbb63e890454d","relate_stocks":{"BIDU":"百度","01211":"比亚迪股份","NIO":"蔚来","LI":"理想汽车","002594":"比亚迪","01810":"小米集团-W","XPEV":"小鹏汽车","TSLA":"特斯拉","09888":"百度集团-SW"},"source_url":"http://mp.weixin.qq.com/s/4Q1zNpRIIpCQ3QqfOhBBuA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123024319","content_text":"智能电动汽车将成汽车产品竞争主战场，更是下一代移动互联网AIoT 最重要的产品平台。基于保守假设，我们预计，到2025年，中国电动汽车销量规模将超700万辆（CAGR 39%），其中绝大多数具备智能配置。以特斯拉为代表的造车新势力重新定义智能车产品，完成消费者教育和投资者教育。我们判断，未来仍将有更多科技公司入局，加入“软件定义汽车”的竞争。同时，以大众为代表的传统汽车公司觉醒，显著加大智能电动领域投资。预计市场竞争将在2023-2025年变得空前激烈。我们认为，决定智能电动汽车市场地位的关键因素是：1）包含软件、硬件、机械件的全栈产品定义、研发和落地能力；2）持续降成本以获得更大份额、积累更多数据以优化算法的能力。\n\n▍更大的市场：我们预计2025年中国和全球电动汽车销量规模分别达700万辆、1500万辆，CAGR分别为39%、36%。届时，绝大多数电动汽车将具备智能配置。\n1）电动汽车逐渐进入成熟期，电池成本持续下降加速普及。2014-2020年宁德时代动力电池的平均售价下降幅度累计达70%左右。特斯拉预计未来5年电池成本仍有望再下降50%以上，加速电动车普及。\n2）电动车简化车身结构，降低制造难度。电动车零部件数量较传统汽油车减少约40%，模块化生产帮助造车新势力在发展初期利用第三方富裕产能或新建产能，实现代工生产，加速产业化进程。\n3）智能化和软件水平改善用户体验。智能座舱和自动驾驶将成为拉开用户体验差距的主要因素，高端汽车代码量可达1亿行，复杂程度高于PC和智能手机，且代码量预计仍将快速增长。\n▍软件定义汽车：智能座舱改善用户体验，保有量和行驶里程影响自动驾驶算法。\n1）核心竞争力：软件定义智能化水平，包括智能座舱和自动驾驶。电动车结构相对简单且动力差异不大，动力总成（发动机、变速箱等）不再是关键竞争力。软件能力支撑智能化水平。\n2）智能座舱：类似于手机曾经历的从“功能机”向“智能机”的迁移，汽车正在经历智能化进程。\n3）自动驾驶算法：研发强度和自动驾驶里程数是关键。特斯拉凭借超48亿公里的行驶里程（2020.4）持续优化算法。\n4）更大的保有量：意味着更多的数据。领军企业特斯拉持续推出更高性价比产品，产品均价由2013年初的11.3万美元/辆，降低至2020年底的5.0万美元/辆，降幅达55.7%，驱动累计销量超140万辆（2020.12）。\n5）智能汽车商业模式未来可能从“购买产品”向“订阅服务”演进。特斯拉FSD（Full Self-Driving）售价由2019年初3000美元上涨至2020年底的1万美元，亦有望于2021年推出按月付费套装。\n▍更激烈的竞争：更多科技公司入局VS传统车企的觉醒。\n1）特斯拉销量快速提升，中国造车新势力努力追赶。2020年，特斯拉销售整车49.96万辆（+35.8%），市值上涨7.8倍；蔚来、理想、小鹏分别销售4.3万辆、3.3万辆、2.6万辆，蔚来市值上涨16.7倍，理想、小鹏美股IPO之后市值大幅上涨。IPO和再融资驱动中资造车新势力公司研发投资持续提升。\n2）更多科技公司入局：小米公告以全资子公司进入智能电动汽车领域，计划未来10年投资100亿美元；据路透社报道，苹果或将于2024年发布苹果智能汽车；华为以Tier 1角色进军智能汽车领域；百度与吉利控股合作成立集度汽车进军整车制造领域。\n3）传统车企觉醒，加速智能电动车投放进程。大众在2021年Power day称争取最迟到2025年成为全球电动汽车市场的领导者。长城、比亚迪均加快了在智能电动汽车领域的投资和产品投放。\n4）我们判断，2021-2023年将有更多科技公司涉足汽车领域，传统车企加速转型， 2023-2025年可能成为电动车产品竞争最激烈的阶段。\n▍谁能胜出：具有全栈研发和产品能力&持续降成本的公司有望获得更多份额。\n1）全栈研发能力：智能电动汽车重新定义汽车产品，是对传统汽车公司原有研发组织形式的挑战，需要软件、硬件、机械件工程师密切合作，共同完成产品定义和研发设计。具有较强全栈研发能力，具有更灵活的研发组织形式的公司有望定义更优秀的产品。\n2）持续降成本的能力：当前智能电动汽车的主力价格段在20-40万元，产品进一步大规模普及需要伴随价格段持续下探。更大的汽车销量、更长的行驶里程亦将产生更多的数据反哺优化自动驾驶算法。具有持续优化产品和成本结构能力的公司，有机会获得更多市场份额。\n▍风险因素：\n国际贸易摩擦加剧的风险；动力电池成本下降幅度不达预期的风险；动力电池产能不足的风险；自动驾驶汽车出现严重安全事故影响行业进展的风险；政策对于自动驾驶进行限制的风险；智能汽车数据隐私管理不足的风险；证券市场大幅波动导致造车新势力融资能力不足的风险；传统企业智能化转型进度不达预期的风险；汽车芯片等计算单元成本下降缓慢的风险等。\n▍投资策略：\n汽车电动化逐渐成熟，智能化进入加速期，智能电动车市场规模预计将持续高速增长。我们预计，到2025年，中国智能汽车销售规模将达700万辆（渗透率20.4%），更多科技公司入局汽车市场，传统车企觉醒加速智能化进程。我们关注智能电动汽车总量增长带来的机会，关注优势整车和零部件公司获得市场份额和高成长的机会。相关公司包括：特斯拉、小米集团、理想汽车、小鹏汽车、蔚来汽车、百度、比亚迪（A+H）、长城汽车，宁德时代等。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}