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公子扎西
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IP属地:宁夏
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公子扎西
2021-09-14
$Aterian Inc.(ATER)$
什么情况啊?怎么跌这么厉害
公子扎西
2021-09-07
$快手-W(01024)$
,一买就跌,一卖就涨。卖了就疯涨
公子扎西
2021-09-07
干净卖了吧,小心再赔了
@远东索罗斯:
$快手-W(01024)$
干就完了,一共四个账户买了快手
公子扎西
2021-09-07
$快手-W(01024)$
我卖的早了,这几天快手打鸡血了,天天暴涨
公子扎西
2021-08-25
$快手-W(01024)$
因为今天有财报早上没卖,现在却跌了。坑啊
公子扎西
2021-08-25
$快手-W(01024)$
今天不是发财报么?什么消息,有知道的么?
公子扎西
2021-07-27
$康基医疗(09997)$
这个LJ股,天天跌
公子扎西
2021-05-05
$五菱汽车(00305)$
怎么天天跌啊?前几天突然涨起来想着开始涨了就没卖,当时应该卖掉
公子扎西
2021-04-27
特斯拉第一季度盈利,怎么盘后缺跌了?谁能帮忙解释一下,谢谢
抱歉,原内容已删除
公子扎西
2021-04-20
$普拉格能源(PLUG)$
请教一下,这个变更是什么意思?怎么解决?谢谢
公子扎西
2021-04-19
特斯拉中国区总裁和公关就不知道做工作和解决问题么?马斯克也不管?任问题蔓延。从今年年初到现在一直丑闻不断。不能不管股民的利益吧
“车顶维权”成热点,特斯拉跌超4%
公子扎西
2021-04-09
坑人的东西
同姓不同命 五菱汽车难“沾”新能源之光
公子扎西
2021-04-08
$五菱汽车(00305)$
今天大盘涨了,还跌。昨天大盘跌,你跌。你就不能个性点,一直涨起来
公子扎西
2021-04-02
$特斯拉(TSLA)$
今天大盘大涨,特斯拉反而转跌是不是因为这个原因?如果是这个原因,特斯拉的公关就不知道做些什么举措,让这些质量丑闻频频发生。特斯拉中国区领导当的也太舒服了吧,对股民太不负责任了。马斯克赶紧换人吧。
公子扎西
2021-03-27
$特斯拉(TSLA)$
牛逼的技术,可是怎么就不涨起来呢?快快涨起来吧,不要辜负大家
公子扎西
2021-03-26
$特斯拉(TSLA)$
特斯拉还能起飞不?今天大盘涨起来了,但他还是die。能不能完美的表现好点
公子扎西
2021-03-26
$五菱汽车(00305)$
今天大盘涨幅这么大,你却涨2分钱,指望你还有希望么?别人涨幅在10%,你却2分钱
公子扎西
2021-03-26
$康基医疗(09997)$
这个股是不是没救了?大盘跌他跌,大盘涨他还是跌,而且大盘涨幅很大他还跌。不知道什么时候能解套
公子扎西
2021-03-26
$恒大汽车(00708)$
一直不明白他的优势在哪里?不是专业做车的天天涨?所有专业造车的天天die,一个非专业的天天涨
公子扎西
2021-03-25
$五菱汽车(00305)$
,垃圾,天天die,有利好消息也die。
去老虎APP查看更多动态
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href=\"https://laohu8.com/S/PLUG\">$普拉格能源(PLUG)$</a>请教一下,这个变更是什么意思?怎么解决?谢谢","text":"$普拉格能源(PLUG)$请教一下,这个变更是什么意思?怎么解决?谢谢","images":[{"img":"https://static.tigerbbs.com/d1f47b034f22acf2362a8d828aff16d6","width":"1080","height":"1011"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371623243","isVote":1,"tweetType":1,"viewCount":3154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":373602367,"gmtCreate":1618841187259,"gmtModify":1618841187259,"author":{"id":"3536982072404219","authorId":"3536982072404219","name":"公子扎西","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3536982072404219","authorIdStr":"3536982072404219"},"themes":[],"htmlText":"特斯拉中国区总裁和公关就不知道做工作和解决问题么?马斯克也不管?任问题蔓延。从今年年初到现在一直丑闻不断。不能不管股民的利益吧","listText":"特斯拉中国区总裁和公关就不知道做工作和解决问题么?马斯克也不管?任问题蔓延。从今年年初到现在一直丑闻不断。不能不管股民的利益吧","text":"特斯拉中国区总裁和公关就不知道做工作和解决问题么?马斯克也不管?任问题蔓延。从今年年初到现在一直丑闻不断。不能不管股民的利益吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373602367","repostId":"1192967201","repostType":2,"repost":{"id":"1192967201","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618840187,"share":"https://www.laohu8.com/m/news/1192967201?lang=&edition=full","pubTime":"2021-04-19 21:49","market":"us","language":"zh","title":"“车顶维权”成热点,特斯拉跌超4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1192967201","media":"老虎资讯综合","summary":"4月19日盘初,特斯拉跌超4%,在今天举行的上海车展期间,特斯拉展台出现疑似维权车主,身着白色T恤,上面写着:刹车失灵,引来大批人群围观拍照。关于该事件的视频和图片也迅速在网络上传播。\n\n\n新华社今日发文《“车顶维权”成热点,是谁让谁不“体面”?》。文章表示,作为汽车行业的“明星”品牌,特斯拉对质量的自我要求、对用户的承诺需要与市场期待相匹配,这才能获得更多消费者的信任和青睐。","content":"<p>4月19日盘初,特斯拉跌超4%,在今天举行的上海车展期间,特斯拉展台出现疑似维权车主,身着白色T恤,上面写着:刹车失灵,引来大批人群围观拍照。关于该事件的视频和图片也迅速在网络上传播。</p>\n<p>新华社今日发文《“车顶维权”成热点,是谁让谁不“体面”?》。文章表示,作为汽车行业的“明星”品牌,特斯拉对质量的自我要求、对用户的承诺需要与市场期待相匹配,这才能获得更多消费者的信任和青睐。</p>\n<p><img src=\"https://static.tigerbbs.com/d704e516a3c3eda8e3b1dc14b8c22b80\" tg-width=\"840\" tg-height=\"470\"></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>“车顶维权”成热点,特斯拉跌超4% </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“车顶维权”成热点,特斯拉跌超4% \n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-04-19 21:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>4月19日盘初,特斯拉跌超4%,在今天举行的上海车展期间,特斯拉展台出现疑似维权车主,身着白色T恤,上面写着:刹车失灵,引来大批人群围观拍照。关于该事件的视频和图片也迅速在网络上传播。</p>\n<p>新华社今日发文《“车顶维权”成热点,是谁让谁不“体面”?》。文章表示,作为汽车行业的“明星”品牌,特斯拉对质量的自我要求、对用户的承诺需要与市场期待相匹配,这才能获得更多消费者的信任和青睐。</p>\n<p><img src=\"https://static.tigerbbs.com/d704e516a3c3eda8e3b1dc14b8c22b80\" tg-width=\"840\" tg-height=\"470\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/894b094eb32ac5072648613b2fa7f36e","relate_stocks":{"TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192967201","content_text":"4月19日盘初,特斯拉跌超4%,在今天举行的上海车展期间,特斯拉展台出现疑似维权车主,身着白色T恤,上面写着:刹车失灵,引来大批人群围观拍照。关于该事件的视频和图片也迅速在网络上传播。\n新华社今日发文《“车顶维权”成热点,是谁让谁不“体面”?》。文章表示,作为汽车行业的“明星”品牌,特斯拉对质量的自我要求、对用户的承诺需要与市场期待相匹配,这才能获得更多消费者的信任和青睐。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":348493443,"gmtCreate":1617948776382,"gmtModify":1617949089503,"author":{"id":"3536982072404219","authorId":"3536982072404219","name":"公子扎西","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3536982072404219","authorIdStr":"3536982072404219"},"themes":[],"htmlText":"坑人的东西","listText":"坑人的东西","text":"坑人的东西","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348493443","repostId":"2126770417","repostType":2,"repost":{"id":"2126770417","kind":"highlight","pubTimestamp":1617927912,"share":"https://www.laohu8.com/m/news/2126770417?lang=&edition=full","pubTime":"2021-04-09 08:25","market":"hk","language":"zh","title":"同姓不同命 五菱汽车难“沾”新能源之光","url":"https://stock-news.laohu8.com/highlight/detail?id=2126770417","media":"新浪财经-自媒体综合","summary":"上汽通用五菱虽是五菱汽车的核心客户,但五菱宏光MINIEV与五菱汽车关系并不大! 2020年新能源汽车板块爆发,在全球汽车销量有所下降的背景下,我国新能源汽车销量增速仍达10.9%。 五菱宏光MINIEV上市后,成为新能源汽车销量冠军,助推上汽通用五菱新能源汽车市占率成为国内第一,五菱汽车也被视为供应链企业而受到市场追捧。","content":"<html><body><div>\n<p> 上汽通用五菱虽是<span><a href=\"https://laohu8.com/S/00305\">五菱汽车</a></span><span></span>的核心客户,但五菱宏光MINIEV与五菱汽车关系并不大!</p>\n<p> 撰文/楚风</p>\n<p> 出品/每日财报</p>\n<p> 2020年新能源汽车板块爆发,在全球汽车销量有所下降的背景下,我<a href=\"https://laohu8.com/S/600617\">国新能源</a>汽车销量增速仍达10.9%。4月2日,五菱汽车(00305.HK)在2020年年度业绩说明会上指出,其2020年共售出约7000辆电动车,其中包括4706辆电动物流车,相对2019年售出2000辆电动车增长250%。</p>\n<p> 据年报显示,五菱汽车2020年实现营收为153.61亿元,同比增长8.0%;实现归母净利润为亏损3340万元,同比增长73.07%,较2019年亏损1.24亿元有所减少。</p>\n<p> 业绩改善背后,五菱汽车仍面临不少经营风险。2020年,其资产负债率仍居高不下,成为财务隐藏的“雷”。与此同时,其毛利率极低,盈利能力较差,现金流状况也不理想。而五菱宏光MINIEV热销能否使五菱汽车摆脱困境呢?</p>\n<p> 亏损幅度有所缩小,零部件依赖大客户</p>\n<p> 五菱汽车于1992年11月份登陆港股主板上市,主要为商用微车与乘用车提供发动机及零部件,并制造及销售电动车、混动车等在内的专用汽车。其业务主要涵盖汽车零部件、发动机以及专用汽车等三大业务。2020年三大业务营收占比分别为46.53%、20.28%、33.19%。</p>\n<p> 从业绩来看,2018年至2020年,五菱汽车实现营收分别为151.20亿元、142.37亿元和153.82亿元,同比增长-6.23%、-5.84%和8.04%;实现归母净利润分别为7067.30万元、-1.24亿元和-3340.30万元,同比增长-59.19%、-275.49%和73.07%。</p>\n<p> 2020年,五菱汽车业绩实现改善,主要得益于发动机及专用汽车销量增长。年报显示,发动机及相关零件分部实现营收为31.15亿元,同比增长18.3%;专用汽车分部实现营收为50.98亿元,同比增长28.1%。</p>\n<p> 五菱汽车发动机业务对核心客户上汽通用五菱汽车深度绑定,并存在明显依赖性。2020年,其向上汽通用五菱汽车共计销售16.37亿元,同比增长53.7%。年报指出,主要为供应排量1.8L型号发动机的销量增加所致,年内共售出111000台。</p>\n<p> 值得注意的是,五菱宏光MINIEV为上汽通用五菱旗下产品,后者主要股东为<a href=\"https://laohu8.com/S/600104\">上汽集团</a>和<a href=\"https://laohu8.com/S/GM\">通用汽车</a>,而五菱汽车控股股东广西汽车对其持股约6%。五菱汽车作为上汽通用五菱的关联方,也是五菱宏光MINIEV零部件供应商之一。</p>\n<p> 不过五菱宏光MINIEV销量成为“爆款”,并未明显推动零部件业务的业绩增长,2020年上半年亏损1.43亿元,全年实现营收71.48亿元,同比略增0.4%。</p>\n<p> 毛利率远低同行,负债高企“埋雷”</p>\n<p> 值得注意的是,五菱汽车整体盈利能力较差,营业净利润率非常低。</p>\n<p> 以营收占比最大的汽车零部件业务为例,同时剔除2020年上半年疫情影响,仅计算2020年下半年业绩。该业务在2020年中期实现营收为21.63亿元,亏损为1.43亿元,由此计算出2020年下半年营收为49.85亿元,营业净利润率为3.39%。</p>\n<p> 毛利率低且持续下行,是五菱汽车盈利能力常年不佳的重要原因。2018年至2020年,其毛利率分别为8.48%、8.23%和7.86%。以GIC四级分类,五菱汽车所在的机动车零配件与设备行业,销售毛利率均值为24.79%,中位数为23.25%。在港股上市公司中,五菱汽车2020年毛利率录得行业倒数第二名。</p>\n<p> 与此同时,五菱汽车现金流也并不理想。2018年至2020年中期,其经营活动产生的现金流、投资活动产生的现金流与融资活动产生的现金流均为负数,2020年中期现金及现金等价物的期末余额为21.11亿元。</p>\n<p> 在投资活动之间,其偿还借款金额也在大幅攀升。2018年至2020年中期,偿还借款分别为4.97亿元、8.08亿元和19.23亿元。</p>\n<p> 五菱汽车负债压力也越来越大。2018年至2020年,其资产负债率为81.12%、85.31%和83.81%。其中,短期款分别为16.34亿元、42.06亿元和45.99亿元。2020年,其流动负债同比大幅增长44.5%,流动负债已超过流动资产约18.85亿元;除去附属公司,流动负债超过流动资产6200万元。</p>\n<p> 五菱宏光MINIEV与五菱汽车关系多大?</p>\n<p> 据公开信息显示,五菱汽车是五菱宏光MINIEV的供应链之一,为其供应电驱动后桥及副车架等产品。其中,电驱动后桥为电动车的重要部件,由减速器、驱动电机、差速器构成。</p>\n<p> 五菱宏光MINIEV上市后,成为新能源汽车销量冠军,助推上汽通用五菱新能源汽车市占率成为国内第一,五菱汽车也被视为供应链企业而受到市场追捧。2020年10月前,五菱汽车股价0.35港元,后续持续上涨,最高涨至2020年12月28日的4.43港元。随后逐步下跌,目前报价为1.82港元。</p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/31/w550h281/20210409/4dd2-knipfsf6246574.jpg\"/></div>\n<p> 五菱汽车近期的股价为何跌跌不休呢?</p>\n<p> 从五菱宏光MINIEV供应链来看,五菱汽车实际供应比例并不高,两者的关系并没有如同品牌名字一样密切。<a href=\"https://laohu8.com/S/601108\">财通证券</a>发布五菱宏光MINIEV供应链专题,提到<a href=\"https://laohu8.com/S/002590\">万安科技</a>、<a href=\"https://laohu8.com/S/002196\">方正电机</a>、<a href=\"https://laohu8.com/S/300750\">宁德时代</a>、华霆动力和华域电动等供应链,但研报全文只字未提五菱汽车。</p>\n<p> 据工信部公告显示,五菱宏光MINIEV电池由<a href=\"https://laohu8.com/S/002074\">国轩高科</a>、星恒电源、<a href=\"https://laohu8.com/S/300438\">鹏辉能源</a>、宁德时代和华霆动力 5 家电池生产企业配套,其中国轩高科、鹏辉能源、宁德时代提供的是磷酸铁锂电池;华霆动力提供的是三元电池;星恒电源提供的是锰系多元复合锂电池。驱动电机供应商主要是方正电机、双林股份,电控由华域电动和宁波央腾供应。</p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/112/w550h362/20210409/b32c-knipfsf6246672.jpg\"/></div>\n<p> 财通证券指出,除三电系统外,其他部件中配套的相关上市公司包括万安科技(副车架、ABS、电子真空泵)、<a href=\"https://laohu8.com/S/300547\">川环科技</a>(制动助力器真空软管)、<a href=\"https://laohu8.com/S/002446\">盛路通信</a>(天线)、松芝动力(冷凝器、空调、暖风机)、<a href=\"https://laohu8.com/S/603788\">宁波高发</a>(电子加速器踏板)、<a href=\"https://laohu8.com/S/600660\">福耀玻璃</a>等。</p>\n<p> 按照年销量60万辆的中性假设,财通证券计算出上述供应链中收入贡献超过20%的上市公司,包括万安科技、方正电机、<a href=\"https://laohu8.com/S/002686\">亿利达</a>、鹏辉能源和国轩高科等。</p>\n<p> 这也能解释五菱宏光MINIEV销量火爆,而五菱汽车零部件业务的业绩并未能获得明显增长,主要是因为两者实际关系不大,供应链占比非常低。</p>\n<p> 上汽通用五菱作为五菱汽车的关联方,并为其核心客户,但五菱宏光MINIEV并未将五菱汽车纳入重要供应商。此外,五菱汽车2020年年报业绩有所改善,但仍未能摆脱亏损,且毛利率持续下行,负债率也屡见危机。对其后续发展,《每日财报》将持续关注。</p>\n<p><span>免责声明:自媒体综合提供的内容均源自自媒体,版权归原作者所有,转载请联系原作者并获许可。文章观点仅代表作者本人,不代表<a href=\"https://laohu8.com/S/SINA\">新浪</a>立场。若内容涉及投资建议,仅供参考勿作为投资依据。投资有风险,入市需谨慎。</span></p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n</div></body></html>","source":"highlight_sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>同姓不同命 五菱汽车难“沾”新能源之光</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同姓不同命 五菱汽车难“沾”新能源之光\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 08:25 北京时间 <a href=https://finance.sina.com.cn/stock/hkstock/ggscyd/2021-04-09/doc-ikmxzfmk5779617.shtml><strong>新浪财经-自媒体综合</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>上汽通用五菱虽是五菱汽车的核心客户,但五菱宏光MINIEV与五菱汽车关系并不大!\n 撰文/楚风\n 出品/每日财报\n 2020年新能源汽车板块爆发,在全球汽车销量有所下降的背景下,我国新能源汽车销量增速仍达10.9%。4月2日,五菱汽车(00305.HK)在2020年年度业绩说明会上指出,其2020年共售出约7000辆电动车,其中包括4706辆电动物流车,相对2019年售出2000辆电动车增长...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/hkstock/ggscyd/2021-04-09/doc-ikmxzfmk5779617.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7f3c7d799dd2ab62e084e0e8c8dc16ee","relate_stocks":{"160640":"新能源","399941":"新能源","00305":"五菱汽车","000941.SH":"新能源"},"source_url":"https://finance.sina.com.cn/stock/hkstock/ggscyd/2021-04-09/doc-ikmxzfmk5779617.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2126770417","content_text":"上汽通用五菱虽是五菱汽车的核心客户,但五菱宏光MINIEV与五菱汽车关系并不大!\n 撰文/楚风\n 出品/每日财报\n 2020年新能源汽车板块爆发,在全球汽车销量有所下降的背景下,我国新能源汽车销量增速仍达10.9%。4月2日,五菱汽车(00305.HK)在2020年年度业绩说明会上指出,其2020年共售出约7000辆电动车,其中包括4706辆电动物流车,相对2019年售出2000辆电动车增长250%。\n 据年报显示,五菱汽车2020年实现营收为153.61亿元,同比增长8.0%;实现归母净利润为亏损3340万元,同比增长73.07%,较2019年亏损1.24亿元有所减少。\n 业绩改善背后,五菱汽车仍面临不少经营风险。2020年,其资产负债率仍居高不下,成为财务隐藏的“雷”。与此同时,其毛利率极低,盈利能力较差,现金流状况也不理想。而五菱宏光MINIEV热销能否使五菱汽车摆脱困境呢?\n 亏损幅度有所缩小,零部件依赖大客户\n 五菱汽车于1992年11月份登陆港股主板上市,主要为商用微车与乘用车提供发动机及零部件,并制造及销售电动车、混动车等在内的专用汽车。其业务主要涵盖汽车零部件、发动机以及专用汽车等三大业务。2020年三大业务营收占比分别为46.53%、20.28%、33.19%。\n 从业绩来看,2018年至2020年,五菱汽车实现营收分别为151.20亿元、142.37亿元和153.82亿元,同比增长-6.23%、-5.84%和8.04%;实现归母净利润分别为7067.30万元、-1.24亿元和-3340.30万元,同比增长-59.19%、-275.49%和73.07%。\n 2020年,五菱汽车业绩实现改善,主要得益于发动机及专用汽车销量增长。年报显示,发动机及相关零件分部实现营收为31.15亿元,同比增长18.3%;专用汽车分部实现营收为50.98亿元,同比增长28.1%。\n 五菱汽车发动机业务对核心客户上汽通用五菱汽车深度绑定,并存在明显依赖性。2020年,其向上汽通用五菱汽车共计销售16.37亿元,同比增长53.7%。年报指出,主要为供应排量1.8L型号发动机的销量增加所致,年内共售出111000台。\n 值得注意的是,五菱宏光MINIEV为上汽通用五菱旗下产品,后者主要股东为上汽集团和通用汽车,而五菱汽车控股股东广西汽车对其持股约6%。五菱汽车作为上汽通用五菱的关联方,也是五菱宏光MINIEV零部件供应商之一。\n 不过五菱宏光MINIEV销量成为“爆款”,并未明显推动零部件业务的业绩增长,2020年上半年亏损1.43亿元,全年实现营收71.48亿元,同比略增0.4%。\n 毛利率远低同行,负债高企“埋雷”\n 值得注意的是,五菱汽车整体盈利能力较差,营业净利润率非常低。\n 以营收占比最大的汽车零部件业务为例,同时剔除2020年上半年疫情影响,仅计算2020年下半年业绩。该业务在2020年中期实现营收为21.63亿元,亏损为1.43亿元,由此计算出2020年下半年营收为49.85亿元,营业净利润率为3.39%。\n 毛利率低且持续下行,是五菱汽车盈利能力常年不佳的重要原因。2018年至2020年,其毛利率分别为8.48%、8.23%和7.86%。以GIC四级分类,五菱汽车所在的机动车零配件与设备行业,销售毛利率均值为24.79%,中位数为23.25%。在港股上市公司中,五菱汽车2020年毛利率录得行业倒数第二名。\n 与此同时,五菱汽车现金流也并不理想。2018年至2020年中期,其经营活动产生的现金流、投资活动产生的现金流与融资活动产生的现金流均为负数,2020年中期现金及现金等价物的期末余额为21.11亿元。\n 在投资活动之间,其偿还借款金额也在大幅攀升。2018年至2020年中期,偿还借款分别为4.97亿元、8.08亿元和19.23亿元。\n 五菱汽车负债压力也越来越大。2018年至2020年,其资产负债率为81.12%、85.31%和83.81%。其中,短期款分别为16.34亿元、42.06亿元和45.99亿元。2020年,其流动负债同比大幅增长44.5%,流动负债已超过流动资产约18.85亿元;除去附属公司,流动负债超过流动资产6200万元。\n 五菱宏光MINIEV与五菱汽车关系多大?\n 据公开信息显示,五菱汽车是五菱宏光MINIEV的供应链之一,为其供应电驱动后桥及副车架等产品。其中,电驱动后桥为电动车的重要部件,由减速器、驱动电机、差速器构成。\n 五菱宏光MINIEV上市后,成为新能源汽车销量冠军,助推上汽通用五菱新能源汽车市占率成为国内第一,五菱汽车也被视为供应链企业而受到市场追捧。2020年10月前,五菱汽车股价0.35港元,后续持续上涨,最高涨至2020年12月28日的4.43港元。随后逐步下跌,目前报价为1.82港元。\n\n 五菱汽车近期的股价为何跌跌不休呢?\n 从五菱宏光MINIEV供应链来看,五菱汽车实际供应比例并不高,两者的关系并没有如同品牌名字一样密切。财通证券发布五菱宏光MINIEV供应链专题,提到万安科技、方正电机、宁德时代、华霆动力和华域电动等供应链,但研报全文只字未提五菱汽车。\n 据工信部公告显示,五菱宏光MINIEV电池由国轩高科、星恒电源、鹏辉能源、宁德时代和华霆动力 5 家电池生产企业配套,其中国轩高科、鹏辉能源、宁德时代提供的是磷酸铁锂电池;华霆动力提供的是三元电池;星恒电源提供的是锰系多元复合锂电池。驱动电机供应商主要是方正电机、双林股份,电控由华域电动和宁波央腾供应。\n\n 财通证券指出,除三电系统外,其他部件中配套的相关上市公司包括万安科技(副车架、ABS、电子真空泵)、川环科技(制动助力器真空软管)、盛路通信(天线)、松芝动力(冷凝器、空调、暖风机)、宁波高发(电子加速器踏板)、福耀玻璃等。\n 按照年销量60万辆的中性假设,财通证券计算出上述供应链中收入贡献超过20%的上市公司,包括万安科技、方正电机、亿利达、鹏辉能源和国轩高科等。\n 这也能解释五菱宏光MINIEV销量火爆,而五菱汽车零部件业务的业绩并未能获得明显增长,主要是因为两者实际关系不大,供应链占比非常低。\n 上汽通用五菱作为五菱汽车的关联方,并为其核心客户,但五菱宏光MINIEV并未将五菱汽车纳入重要供应商。此外,五菱汽车2020年年报业绩有所改善,但仍未能摆脱亏损,且毛利率持续下行,负债率也屡见危机。对其后续发展,《每日财报》将持续关注。\n免责声明:自媒体综合提供的内容均源自自媒体,版权归原作者所有,转载请联系原作者并获许可。文章观点仅代表作者本人,不代表新浪立场。若内容涉及投资建议,仅供参考勿作为投资依据。投资有风险,入市需谨慎。\n\n\n海量资讯、精准解读,尽在新浪财经APP","news_type":1},"isVote":1,"tweetType":1,"viewCount":1450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":341739003,"gmtCreate":1617854138902,"gmtModify":1617854138902,"author":{"id":"3536982072404219","authorId":"3536982072404219","name":"公子扎西","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3536982072404219","authorIdStr":"3536982072404219"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00305\">$五菱汽车(00305)$</a>今天大盘涨了,还跌。昨天大盘跌,你跌。你就不能个性点,一直涨起来","listText":"<a href=\"https://laohu8.com/S/00305\">$五菱汽车(00305)$</a>今天大盘涨了,还跌。昨天大盘跌,你跌。你就不能个性点,一直涨起来","text":"$五菱汽车(00305)$今天大盘涨了,还跌。昨天大盘跌,你跌。你就不能个性点,一直涨起来","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341739003","isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":357757453,"gmtCreate":1617315497072,"gmtModify":1617315497072,"author":{"id":"3536982072404219","authorId":"3536982072404219","name":"公子扎西","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3536982072404219","authorIdStr":"3536982072404219"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>今天大盘大涨,特斯拉反而转跌是不是因为这个原因?如果是这个原因,特斯拉的公关就不知道做些什么举措,让这些质量丑闻频频发生。特斯拉中国区领导当的也太舒服了吧,对股民太不负责任了。马斯克赶紧换人吧。","listText":"<a 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