陈兰兰的个人主页 - 老虎社区

陈兰兰

陈兰兰

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25主题

0勋章

2022-05-12

$LI 20220513 21.5 PUT$ 无语

2022-05-12

$LI 20220513 21.5 PUT$ 涨一天跌两天

2022-03-30

B站今晚为什么大跌

2021-06-25

BG角度确实比较新颖。

抱歉，原内容已删除

2021-06-04

抖音拉低人的智商，这话真没说错

抱歉，原内容已删除

2021-01-27

$AMC院线(AMC)$，狗屎运上來了

2021-01-23

电子烟市值近400亿刀，未來成长性在哪？別又是一地鸡毛

抱歉，原内容已删除

2021-01-23

$RLX科技(RLX)$卖电子烟的，未来成长性在哪？抢中国烟草生意吗？

2021-01-15

王太虚在任何一家公司都会被开除，SB一个

抱歉，原内容已删除

2021-01-12

王太虚必须开除，拼多多也要进行整改

抱歉，原内容已删除

2020-12-31

特斯拉中国团队是不是该去算一卦？

特斯拉副总裁陶琳回应“次品上车”：造谣并计划起诉

2020-12-30

拼多多帮助六亿月均收入1000元的群体，实现他们的消费需求。脐橙3元一斤包邮，鲜花十元一束。真香[开心] [开心] [开心]

2020-12-28

不怕神一样的对手，就怕猪一样的队友，特斯拉中国团队是一帮什么样的队伍……

抱歉，原内容已删除

2020-12-17

京东有企业文化吗？别搞笑了🥸

京东集团再次致歉：没有任何理由，我们完全做错了

2020-12-14

多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？

拼多多、阿里、京东盘前齐跌，传将退出社区团购业务

2020-11-25

恒大做的东西还是算了吧。

恒大汽车跌幅扩大至4%，发改委摸底恒大和宝能相关项目

2020-11-23

教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！

2020-11-23

在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。

抱歉，原内容已删除

2020-11-20

跟谁学在复制瑞幸

盘前异动：财报不利！跟谁学大跌超17%

2020-11-20

拼多多关注到了中国有六亿月均收入不到1000元的群体。北上广不代表中国，知乎专栏的更不代表中国（代表凡尔赛体更多一点）。拼多多是疯狂创造社会价值的企业，迟早会创造奇迹（指商业价值）。先为人民服务才能有人民币为你服务！

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020122723020779ad6da0&s=b><strong>南方PLUS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>12月27日，南方+获悉，针对有自媒体此前发布的《特斯拉中国乱象揭蛊第三季》文章，特斯拉副总裁陶琳回应：该文为造谣，并计划起诉。据了解，《特斯拉中国乱象揭蛊第三季》一文多次提到为了完成产量，特斯拉降低质量标准，将不合格零部件装上车，从“消失的零件”、“血泪工厂”、“高层争斗”等方面进行报道。对此，特斯拉副总裁陶琳在个人微博回应称，该文章“编织的如此离谱，已经超出想象力，槽点太多”，同时表示特斯拉的...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020122723020779ad6da0&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/a8dee905c75e031fc4f4e71da8a00201","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020122723020779ad6da0&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2094267514","content_text":"12月27日，南方+获悉，针对有自媒体此前发布的《特斯拉中国乱象揭蛊第三季》文章，特斯拉副总裁陶琳回应：该文为造谣，并计划起诉。据了解，《特斯拉中国乱象揭蛊第三季》一文多次提到为了完成产量，特斯拉降低质量标准，将不合格零部件装上车，从“消失的零件”、“血泪工厂”、“高层争斗”等方面进行报道。对此，特斯拉副总裁陶琳在个人微博回应称，该文章“编织的如此离谱，已经超出想象力，槽点太多”，同时表示特斯拉的法务已经准备起诉。陶琳表示，特斯拉团队从最初的几十个人到几百人到几千上万人，每一天都在奋力奔跑，只想把工作做好，特斯拉的目标不会因为这些杂音而改变。对于陶琳的发言，该自媒体也回应称，将进行后续跟进，分享更多细节。【记者】拱千舒【作者】 拱千舒【来源】 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[开心]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":15,"repostSize":0,"link":"https://laohu8.com/post/333447035","isVote":1,"tweetType":1,"viewCount":4530,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568605040457774","authorId":"3568605040457774","name":"LeBron静待花开","avatar":"https://static.tigerbbs.com/7fe8be27cc5c4f6ea1e6cae9e1f7847b","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3568605040457774","idStr":"3568605040457774"},"content":"这种不符合市场规律的事情，合理吗？","text":"这种不符合市场规律的事情，合理吗？","html":"这种不符合市场规律的事情，合理吗？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":333979471,"gmtCreate":1609168325493,"gmtModify":1703737983957,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"不怕神一样的对手，就怕猪一样的队友，特斯拉中国团队是一帮什么样的队伍……","listText":"不怕神一样的对手，就怕猪一样的队友，特斯拉中国团队是一帮什么样的队伍……","text":"不怕神一样的对手，就怕猪一样的队友，特斯拉中国团队是一帮什么样的队伍……","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/333979471","repostId":"2094154313","repostType":2,"isVote":1,"tweetType":1,"viewCount":2226,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3550550909233402","authorId":"3550550909233402","name":"bzca","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3550550909233402","idStr":"3550550909233402"},"content":"除了苹果你告诉我哪个知名企业来中国不臭的，苹果是全球化客服基本上都没差，别的牌子进本上进来就变味","text":"除了苹果你告诉我哪个知名企业来中国不臭的，苹果是全球化客服基本上都没差，别的牌子进本上进来就变味","html":"除了苹果你告诉我哪个知名企业来中国不臭的，苹果是全球化客服基本上都没差，别的牌子进本上进来就变味"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":397881305,"gmtCreate":1608219463707,"gmtModify":1703851898828,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"京东有企业文化吗？别搞笑了🥸","listText":"京东有企业文化吗？别搞笑了🥸","text":"京东有企业文化吗？别搞笑了🥸","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/397881305","repostId":"1127384311","repostType":2,"repost":{"id":"1127384311","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":1608219112,"share":"https://www.laohu8.com/m/news/1127384311?lang=&edition=full","pubTime":"2020-12-17 23:31","market":"hk","language":"zh","title":"京东集团再次致歉：没有任何理由，我们完全做错了","url":"https://stock-news.laohu8.com/highlight/detail?id=1127384311","media":"老虎资讯综合","summary":"12月17日晚间消息，$京东$集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。","content":"<p>12月17日晚间消息，<a href=\"https://laohu8.com/S/JD\">京东</a>集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。</p>\n<p>京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。</p>\n<p>此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。</p>\n<p><b>以下为京东全文：</b></p>\n<p>我们再次向大家诚挚道歉！！没有任何理由，我们完全做错了。</p>\n<p>京东金融短视频广告事件不仅仅是管理审核的问题，更是操作团队的导向、文化和价值观出了问题，一味的为了追求业绩，迷失了自我，丧失了责任，丢掉了初心!京东集团已经对该事件成立了专门的调查小组，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理！</p>\n<p>京东集团始终都具备极强的社会责任感，企业 价值观高于一切，对这种行为绝不认同，更不会姑息和逃避责任，感谢社会各界的批评和警示，我们将以此事件为镜，对下属企业出现的问题严格问责，面向全集团进行反省教育，坚决维护更高水平的商业伦理和运营规范，坚持做最受用户信赖的企业，杜绝类似事件的再次发生！</p>\n<p>京东集团</p>\n<p>2020年12月17日</p>\n<p><img src=\"https://static.tigerbbs.com/a7d2b67e4a9432297949971b9ac6ba12\" tg-width=\"630\" tg-height=\"1169\"></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>京东集团再次致歉：没有任何理由，我们完全做错了</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京东集团再次致歉：没有任何理由，我们完全做错了\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\">2020-12-17 23:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>12月17日晚间消息，<a href=\"https://laohu8.com/S/JD\">京东</a>集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。</p>\n<p>京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。</p>\n<p>此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。</p>\n<p><b>以下为京东全文：</b></p>\n<p>我们再次向大家诚挚道歉！！没有任何理由，我们完全做错了。</p>\n<p>京东金融短视频广告事件不仅仅是管理审核的问题，更是操作团队的导向、文化和价值观出了问题，一味的为了追求业绩，迷失了自我，丧失了责任，丢掉了初心!京东集团已经对该事件成立了专门的调查小组，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理！</p>\n<p>京东集团始终都具备极强的社会责任感，企业 价值观高于一切，对这种行为绝不认同，更不会姑息和逃避责任，感谢社会各界的批评和警示，我们将以此事件为镜，对下属企业出现的问题严格问责，面向全集团进行反省教育，坚决维护更高水平的商业伦理和运营规范，坚持做最受用户信赖的企业，杜绝类似事件的再次发生！</p>\n<p>京东集团</p>\n<p>2020年12月17日</p>\n<p><img src=\"https://static.tigerbbs.com/a7d2b67e4a9432297949971b9ac6ba12\" tg-width=\"630\" tg-height=\"1169\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cf5337c9c7bc23ec872d30a10fe10327","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127384311","content_text":"12月17日晚间消息，京东集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。\n京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。\n此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。\n以下为京东全文：\n我们再次向大家诚挚道歉！！没有任何理由，我们完全做错了。\n京东金融短视频广告事件不仅仅是管理审核的问题，更是操作团队的导向、文化和价值观出了问题，一味的为了追求业绩，迷失了自我，丧失了责任，丢掉了初心!京东集团已经对该事件成立了专门的调查小组，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理！\n京东集团始终都具备极强的社会责任感，企业 价值观高于一切，对这种行为绝不认同，更不会姑息和逃避责任，感谢社会各界的批评和警示，我们将以此事件为镜，对下属企业出现的问题严格问责，面向全集团进行反省教育，坚决维护更高水平的商业伦理和运营规范，坚持做最受用户信赖的企业，杜绝类似事件的再次发生！\n京东集团\n2020年12月17日","news_type":1},"isVote":1,"tweetType":1,"viewCount":2092,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":394332101,"gmtCreate":1607942367603,"gmtModify":1703850193493,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","listText":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","text":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/394332101","repostId":"1135197256","repostType":4,"repost":{"id":"1135197256","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":1607937974,"share":"https://www.laohu8.com/m/news/1135197256?lang=&edition=full","pubTime":"2020-12-14 17:26","market":"us","language":"zh","title":"拼多多、阿里、京东盘前齐跌，传将退出社区团购业务","url":"https://stock-news.laohu8.com/highlight/detail?id=1135197256","media":"老虎资讯综合","summary":"周一，拼多多盘前跌2.1%，阿里巴巴跌1.7%，京东跌1.3%。网传几大电商巨头将退出社区团购业务，近期有多家供应商表示禁止给社区团购平台供货。12月11日，《人民日报》发表评论批评搞社区团购的互联网","content":"<p>周一，<a href=\"https://laohu8.com/S/PDD\">拼多多</a>盘前跌2.1%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌1.7%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌1.3%。</p><p>网传几大电商巨头将退出社区团购业务，近期有多家供应商表示禁止给社区团购平台供货。</p><p>12月11日，《人民日报》发表评论批评搞社区团购的互联网巨头：“别只惦记着几捆白菜、几斤水果的流量，科技创新的星辰大海、未来的无限可能性，其实更令人心潮澎湃。”</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>拼多多、阿里、京东盘前齐跌，传将退出社区团购业务</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拼多多、阿里、京东盘前齐跌，传将退出社区团购业务\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\">2020-12-14 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>周一，<a href=\"https://laohu8.com/S/PDD\">拼多多</a>盘前跌2.1%，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌1.7%，<a href=\"https://laohu8.com/S/JD\">京东</a>跌1.3%。</p><p>网传几大电商巨头将退出社区团购业务，近期有多家供应商表示禁止给社区团购平台供货。</p><p>12月11日，《人民日报》发表评论批评搞社区团购的互联网巨头：“别只惦记着几捆白菜、几斤水果的流量，科技创新的星辰大海、未来的无限可能性，其实更令人心潮澎湃。”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/47726367b8b79b921a2122810be85170","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135197256","content_text":"周一，拼多多盘前跌2.1%，阿里巴巴跌1.7%，京东跌1.3%。网传几大电商巨头将退出社区团购业务，近期有多家供应商表示禁止给社区团购平台供货。12月11日，《人民日报》发表评论批评搞社区团购的互联网巨头：“别只惦记着几捆白菜、几斤水果的流量，科技创新的星辰大海、未来的无限可能性，其实更令人心潮澎湃。”","news_type":1},"isVote":1,"tweetType":1,"viewCount":2044,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3495101253533211","authorId":"3495101253533211","name":"世上只有穷病","avatar":"https://static.tigerbbs.com/1e2cca7752c81b0cbee262be1d172a95","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3495101253533211","idStr":"3495101253533211"},"content":"网约车时候我也是这么想得……可后来吃相不好看了","text":"网约车时候我也是这么想得……可后来吃相不好看了","html":"网约车时候我也是这么想得……可后来吃相不好看了"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":393811101,"gmtCreate":1606276001003,"gmtModify":1703842208584,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"恒大做的东西还是算了吧。","listText":"恒大做的东西还是算了吧。","text":"恒大做的东西还是算了吧。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/393811101","repostId":"1197570051","repostType":4,"repost":{"id":"1197570051","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":1606274239,"share":"https://www.laohu8.com/m/news/1197570051?lang=&edition=full","pubTime":"2020-11-25 11:17","market":"hk","language":"zh","title":"恒大汽车跌幅扩大至4%，发改委摸底恒大和宝能相关项目","url":"https://stock-news.laohu8.com/highlight/detail?id=1197570051","media":"老虎资讯综合","summary":"11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。","content":"<p><img src=\"https://static.tigerbbs.com/c82cefb7aee136182644eb97d3678cc7\" tg-width=\"840\" tg-height=\"470\">11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。</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>恒大汽车跌幅扩大至4%，发改委摸底恒大和宝能相关项目</title>\n<style 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src=\"https://static.tigerbbs.com/c82cefb7aee136182644eb97d3678cc7\" tg-width=\"840\" tg-height=\"470\">11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7b6f993a5f8d78485f7cb0eefa540f23","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197570051","content_text":"11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399648590,"gmtCreate":1606130632210,"gmtModify":1703841026114,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","listText":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","text":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399648590","isVote":1,"tweetType":1,"viewCount":1453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399654717,"gmtCreate":1606129438339,"gmtModify":1703841018874,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","listText":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","text":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399654717","repostId":"1186275570","repostType":4,"isVote":1,"tweetType":1,"viewCount":1253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390784555,"gmtCreate":1605865575477,"gmtModify":1703840152503,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"跟谁学在复制瑞幸","listText":"跟谁学在复制瑞幸","text":"跟谁学在复制瑞幸","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390784555","repostId":"1117972867","repostType":4,"repost":{"id":"1117972867","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":1605862943,"share":"https://www.laohu8.com/m/news/1117972867?lang=&edition=full","pubTime":"2020-11-20 17:02","market":"us","language":"zh","title":"盘前异动：财报不利！跟谁学大跌超17%","url":"https://stock-news.laohu8.com/highlight/detail?id=1117972867","media":"老虎资讯综合","summary":"11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。跟谁学盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。逸仙","content":"<p>11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。</p><p><img src=\"https://static.tigerbbs.com/32f46b927973765ab5208a0e80b88db7\" tg-width=\"1242\" tg-height=\"398\"></p><p><a href=\"https://laohu8.com/S/GSX\">跟谁学</a>盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。</p><p><img src=\"https://static.tigerbbs.com/bba4ffe7fed22a4bd961a9249481b06b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/YSG\">逸仙电商</a>盘前涨超3%，昨日盘中一度涨超90%。</p><p><img src=\"https://static.tigerbbs.com/b83b8e0bd22ff0139a08abb5c5a4651c\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/DNK\">蛋壳公寓</a>盘前跌超11%，昨日收跌超16%。</p><p><img src=\"https://static.tigerbbs.com/13faadf35b8b3ddf37f9e08973b7dc8c\" tg-width=\"867\" tg-height=\"833\"></p><p>德国药企BioNTech盘前涨近6%，欧盟同意向<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>和BioNTech以每剂18.3美元的价格采购其3亿剂的疫苗。</p><p><img src=\"https://static.tigerbbs.com/a180ea2bf9e6e2c1c74705cfc135dc5b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/QFIN\">360数科</a>盘前涨超7%，第三季度净利润同比扩大43.4%</p><p><img src=\"https://static.tigerbbs.com/03c47deec4d41e27710a277107dac689\" tg-width=\"867\" tg-height=\"833\"></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>盘前异动：财报不利！跟谁学大跌超17%</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盘前异动：财报不利！跟谁学大跌超17%\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\">2020-11-20 17:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。</p><p><img src=\"https://static.tigerbbs.com/32f46b927973765ab5208a0e80b88db7\" tg-width=\"1242\" tg-height=\"398\"></p><p><a href=\"https://laohu8.com/S/GSX\">跟谁学</a>盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。</p><p><img src=\"https://static.tigerbbs.com/bba4ffe7fed22a4bd961a9249481b06b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/YSG\">逸仙电商</a>盘前涨超3%，昨日盘中一度涨超90%。</p><p><img src=\"https://static.tigerbbs.com/b83b8e0bd22ff0139a08abb5c5a4651c\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/DNK\">蛋壳公寓</a>盘前跌超11%，昨日收跌超16%。</p><p><img src=\"https://static.tigerbbs.com/13faadf35b8b3ddf37f9e08973b7dc8c\" tg-width=\"867\" tg-height=\"833\"></p><p>德国药企BioNTech盘前涨近6%，欧盟同意向<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>和BioNTech以每剂18.3美元的价格采购其3亿剂的疫苗。</p><p><img src=\"https://static.tigerbbs.com/a180ea2bf9e6e2c1c74705cfc135dc5b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/QFIN\">360数科</a>盘前涨超7%，第三季度净利润同比扩大43.4%</p><p><img src=\"https://static.tigerbbs.com/03c47deec4d41e27710a277107dac689\" tg-width=\"867\" tg-height=\"833\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ 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[捂脸] [捂脸] [捂脸]","text":"你为什么信仰骗多多？？ [捂脸] [捂脸] [捂脸]","html":"你为什么信仰骗多多？？ [捂脸] [捂脸] [捂脸]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":333447035,"gmtCreate":1609343317627,"gmtModify":1703738943607,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"拼多多帮助六亿月均收入1000元的群体，实现他们的消费需求。脐橙3元一斤包邮，鲜花十元一束。真香[开心]&nbsp;[开心]&nbsp;[开心]&nbsp;","listText":"拼多多帮助六亿月均收入1000元的群体，实现他们的消费需求。脐橙3元一斤包邮，鲜花十元一束。真香[开心]&nbsp;[开心]&nbsp;[开心]&nbsp;","text":"拼多多帮助六亿月均收入1000元的群体，实现他们的消费需求。脐橙3元一斤包邮，鲜花十元一束。真香[开心] [开心] [开心]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":15,"repostSize":0,"link":"https://laohu8.com/post/333447035","isVote":1,"tweetType":1,"viewCount":4530,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568605040457774","authorId":"3568605040457774","name":"LeBron静待花开","avatar":"https://static.tigerbbs.com/7fe8be27cc5c4f6ea1e6cae9e1f7847b","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3568605040457774","idStr":"3568605040457774"},"content":"这种不符合市场规律的事情，合理吗？","text":"这种不符合市场规律的事情，合理吗？","html":"这种不符合市场规律的事情，合理吗？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":394332101,"gmtCreate":1607942367603,"gmtModify":1703850193493,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","listText":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","text":"多多买菜让我每天省时省力省钱还省心。让人民生活水平提高不是好事吗？难道非要让老百姓多花钱与菜贩付租金才好吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/394332101","repostId":"1135197256","repostType":4,"repost":{"id":"1135197256","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":1607937974,"share":"https://www.laohu8.com/m/news/1135197256?lang=&edition=full","pubTime":"2020-12-14 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href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌1.7%，<a 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href=\"https://laohu8.com/S/JD\">京东</a>集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。</p>\n<p>京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。</p>\n<p>此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。</p>\n<p><b>以下为京东全文：</b></p>\n<p>我们再次向大家诚挚道歉！！没有任何理由，我们完全做错了。</p>\n<p>京东金融短视频广告事件不仅仅是管理审核的问题，更是操作团队的导向、文化和价值观出了问题，一味的为了追求业绩，迷失了自我，丧失了责任，丢掉了初心!京东集团已经对该事件成立了专门的调查小组，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理！</p>\n<p>京东集团始终都具备极强的社会责任感，企业 价值观高于一切，对这种行为绝不认同，更不会姑息和逃避责任，感谢社会各界的批评和警示，我们将以此事件为镜，对下属企业出现的问题严格问责，面向全集团进行反省教育，坚决维护更高水平的商业伦理和运营规范，坚持做最受用户信赖的企业，杜绝类似事件的再次发生！</p>\n<p>京东集团</p>\n<p>2020年12月17日</p>\n<p><img src=\"https://static.tigerbbs.com/a7d2b67e4a9432297949971b9ac6ba12\" tg-width=\"630\" tg-height=\"1169\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cf5337c9c7bc23ec872d30a10fe10327","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127384311","content_text":"12月17日晚间消息，京东集团今日发布声明，就日前京东金融低俗借贷广告一事再次道歉，表示“没有任何理由 我们完全做错了”。\n京东表示，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理。\n此外，面向京东集团全面反省教育，坚持做最受用户信赖的企业，杜绝类似事件的再次发生。\n以下为京东全文：\n我们再次向大家诚挚道歉！！没有任何理由，我们完全做错了。\n京东金融短视频广告事件不仅仅是管理审核的问题，更是操作团队的导向、文化和价值观出了问题，一味的为了追求业绩，迷失了自我，丧失了责任，丢掉了初心!京东集团已经对该事件成立了专门的调查小组，将从源头查起，不放过每一个环节，围绕组织、机制、流程进行全方位诊断，从团队文化的根源深处找问题，并对相关管理者和责任人进行严肃处理！\n京东集团始终都具备极强的社会责任感，企业 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11:17","market":"hk","language":"zh","title":"恒大汽车跌幅扩大至4%，发改委摸底恒大和宝能相关项目","url":"https://stock-news.laohu8.com/highlight/detail?id=1197570051","media":"老虎资讯综合","summary":"11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。","content":"<p><img src=\"https://static.tigerbbs.com/c82cefb7aee136182644eb97d3678cc7\" tg-width=\"840\" tg-height=\"470\">11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。</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>恒大汽车跌幅扩大至4%，发改委摸底恒大和宝能相关项目</title>\n<style 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src=\"https://static.tigerbbs.com/c82cefb7aee136182644eb97d3678cc7\" tg-width=\"840\" tg-height=\"470\">11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7b6f993a5f8d78485f7cb0eefa540f23","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197570051","content_text":"11月25日讯，恒大汽车跌幅扩大至4%，发改委调查各地新能源车投资，摸底恒大和宝能相关项目。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":300735236,"gmtCreate":1602415437225,"gmtModify":1703826559484,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"title":"2020.10.11 复盘笔记 by 陈兰兰","htmlText":"2020-10-11 成本 现价 浮动收益 Lemonade, Inc.(LMND) 62.72 67.75 +8.02%","listText":"2020-10-11 成本 现价 浮动收益 Lemonade, Inc.(LMND) 62.72 67.75 +8.02%","text":"2020-10-11 成本 现价 浮动收益 Lemonade, Inc.(LMND) 62.72 67.75 +8.02%","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/300735236","isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":308267718,"gmtCreate":1603987596034,"gmtModify":1703831582310,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"蔚来继续上演着进五步退三步的节奏，不理解其投资逻辑的，很难一直拿住。坚持，给自己点赞👍","listText":"蔚来继续上演着进五步退三步的节奏，不理解其投资逻辑的，很难一直拿住。坚持，给自己点赞👍","text":"蔚来继续上演着进五步退三步的节奏，不理解其投资逻辑的，很难一直拿住。坚持，给自己点赞👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/308267718","isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":977504691,"gmtCreate":1601627038213,"gmtModify":1703824960694,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"前几天试驾了蔚来汽车ES08，说实话，从汽车的外观、空间、内饰、操控性，感觉蛮不错的。最大的感受是销售人员不专业，感觉是卖女装，卖奢侈品。这最后一公里的改进，但愿蔚来能重视！","listText":"前几天试驾了蔚来汽车ES08，说实话，从汽车的外观、空间、内饰、操控性，感觉蛮不错的。最大的感受是销售人员不专业，感觉是卖女装，卖奢侈品。这最后一公里的改进，但愿蔚来能重视！","text":"前几天试驾了蔚来汽车ES08，说实话，从汽车的外观、空间、内饰、操控性，感觉蛮不错的。最大的感受是销售人员不专业，感觉是卖女装，卖奢侈品。这最后一公里的改进，但愿蔚来能重视！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/977504691","isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390784555,"gmtCreate":1605865575477,"gmtModify":1703840152503,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"跟谁学在复制瑞幸","listText":"跟谁学在复制瑞幸","text":"跟谁学在复制瑞幸","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390784555","repostId":"1117972867","repostType":4,"repost":{"id":"1117972867","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":1605862943,"share":"https://www.laohu8.com/m/news/1117972867?lang=&edition=full","pubTime":"2020-11-20 17:02","market":"us","language":"zh","title":"盘前异动：财报不利！跟谁学大跌超17%","url":"https://stock-news.laohu8.com/highlight/detail?id=1117972867","media":"老虎资讯综合","summary":"11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。跟谁学盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。逸仙","content":"<p>11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。</p><p><img src=\"https://static.tigerbbs.com/32f46b927973765ab5208a0e80b88db7\" tg-width=\"1242\" tg-height=\"398\"></p><p><a href=\"https://laohu8.com/S/GSX\">跟谁学</a>盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。</p><p><img src=\"https://static.tigerbbs.com/bba4ffe7fed22a4bd961a9249481b06b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/YSG\">逸仙电商</a>盘前涨超3%，昨日盘中一度涨超90%。</p><p><img src=\"https://static.tigerbbs.com/b83b8e0bd22ff0139a08abb5c5a4651c\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/DNK\">蛋壳公寓</a>盘前跌超11%，昨日收跌超16%。</p><p><img src=\"https://static.tigerbbs.com/13faadf35b8b3ddf37f9e08973b7dc8c\" 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17:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。</p><p><img src=\"https://static.tigerbbs.com/32f46b927973765ab5208a0e80b88db7\" tg-width=\"1242\" tg-height=\"398\"></p><p><a href=\"https://laohu8.com/S/GSX\">跟谁学</a>盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。</p><p><img src=\"https://static.tigerbbs.com/bba4ffe7fed22a4bd961a9249481b06b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/YSG\">逸仙电商</a>盘前涨超3%，昨日盘中一度涨超90%。</p><p><img src=\"https://static.tigerbbs.com/b83b8e0bd22ff0139a08abb5c5a4651c\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/DNK\">蛋壳公寓</a>盘前跌超11%，昨日收跌超16%。</p><p><img src=\"https://static.tigerbbs.com/13faadf35b8b3ddf37f9e08973b7dc8c\" tg-width=\"867\" tg-height=\"833\"></p><p>德国药企BioNTech盘前涨近6%，欧盟同意向<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>和BioNTech以每剂18.3美元的价格采购其3亿剂的疫苗。</p><p><img src=\"https://static.tigerbbs.com/a180ea2bf9e6e2c1c74705cfc135dc5b\" tg-width=\"867\" tg-height=\"833\"></p><p><a href=\"https://laohu8.com/S/QFIN\">360数科</a>盘前涨超7%，第三季度净利润同比扩大43.4%</p><p><img src=\"https://static.tigerbbs.com/03c47deec4d41e27710a277107dac689\" tg-width=\"867\" tg-height=\"833\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117972867","content_text":"11月20日，美国三大股指期货小幅下挫，截至发稿，道指期货跌0.42%；标普500指数期货跌0.37%；纳斯达克100指数期货跌0.05%。跟谁学盘前跌超17%，第三季度盈转亏，亏损幅度大于预期。逸仙电商盘前涨超3%，昨日盘中一度涨超90%。蛋壳公寓盘前跌超11%，昨日收跌超16%。德国药企BioNTech盘前涨近6%，欧盟同意向辉瑞和BioNTech以每剂18.3美元的价格采购其3亿剂的疫苗。360数科盘前涨超7%，第三季度净利润同比扩大43.4%","news_type":1},"isVote":1,"tweetType":1,"viewCount":1364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399648590,"gmtCreate":1606130632210,"gmtModify":1703841026114,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","listText":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","text":"教育培训机构的收入的真实性是可以自由调节的，预收账款转收入，别信这些数据！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399648590","isVote":1,"tweetType":1,"viewCount":1453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399654717,"gmtCreate":1606129438339,"gmtModify":1703841018874,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","listText":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","text":"在A股有大量这样的公司，不是家族公司，是家庭公司，没有高管，只有家丁和丫环。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399654717","repostId":"1186275570","repostType":4,"repost":{"id":"1186275570","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇","id":"3","head_image":"https://static.tigerbbs.com/24397cd0a72f485e9734d658c5a0841d"},"pubTimestamp":1606125350,"share":"https://www.laohu8.com/m/news/1186275570?lang=&edition=full","pubTime":"2020-11-23 17:55","market":"sh","language":"zh","title":"财务存疑：一家三口持股近90%的公司","url":"https://stock-news.laohu8.com/highlight/detail?id=1186275570","media":"格隆汇","summary":"2020年9月1日，盛德鑫泰登录深交所创业板。公司主要从事各类工业用能源设备类无缝钢管的生产、研发和销售，产品主要应用于电站锅炉设备制造、石油炼化等行业。目前，在小口径电站锅炉用合金钢领域拥有很强的行","content":"<p>2020年9月1日，<a href=\"https://laohu8.com/S/300881\">盛德鑫泰</a>登录深交所创业板。公司主要从事各类工业用能源设备类无缝钢管的生产、研发和销售，产品主要应用于电站锅炉设备制造、石油炼化等行业。目前，在小口径电站锅炉用合金钢领域拥有很强的行业竞争力。</p>\n<p>IPO前，周文庆直接持有盛德鑫泰4350万股股份，占盛德鑫泰总股本的58%，为盛德鑫泰的控股股东。周文庆的配偶宗焕琴直接持有盛德鑫泰27%股权，两人合计直接持有盛德鑫泰85%股权。宗焕琴控制的联泓合伙（员工持股平台）直接持有盛德鑫泰10.47%股权，周阳益（周文庆、宗焕琴的儿子）控制的鑫泰合伙（员工持股平台）直接持有盛德鑫泰2.53%股权，<b>也就是说一家三口占据了公司近90%的股权。</b></p>\n<p><b>与其说是家族企业，不如说是家庭公司。在家里随便开个会就是股东大会，还是能做出重大决策的那种。</b></p>\n<p>接下来，探雷哥带大家聊聊这家“家庭式公司”——盛德鑫泰。</p>\n<p><b>1、“诡异”的研发支出</b></p>\n<p>制造企业的研发支出一般有两个去处：一是不满足资本化条件的费用化，计入当期费用，如研发费用；二是满足资本化条件的资本化，计入开发支出，未来最终达到预定可使用状态的形成无形资产。</p>\n<p>盛德鑫泰2017年累计研发支出2218.23万元、2018年累计研发支出2543.44万元、2019年累计研发支出2627.25万元，占各期营业收入（母公司口径）的比例分别为3.15%、3.15%和3.18%，刚刚好踩在高新技术企业研发支出比例3%的及格线上。</p>\n<p><img src=\"https://static.tigerbbs.com/fc77be823b525249bd06dfff7af8a115\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>报告期内，研发费用（母公司口径）分别为1880.49万元、2163.85万元、2064.77万元。</p>\n<p><img src=\"https://static.tigerbbs.com/d9fe40ee6292982f34533bc2c8a77a63\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p><b>各期，研发支出与研发费用分别相差337.74万元、379.59万元、562.48万元，合计达到1279.81万元，探雷哥认为，差额理应体现在研发支出资本化相关科目中，如开发支出、无形资产。</b></p>\n<p>然而，报告期内，盛德鑫泰母公司资产负债表中的“开发支出”项目均为零。</p>\n<p><img src=\"https://static.tigerbbs.com/aff2aed231e78579e131e37e824614f5\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p>难道全部形成了无形资产吗？因招股书未披露母公司无形资产的详细数据。探雷哥决定从合并财务报表项目附注一探究竟，诡异的是附注披露最近三年无形资产仅包括土地使用权和软件，其增减变动并没有专利、非专利技术等与研发活动相关的项目。</p>\n<p><img src=\"https://static.tigerbbs.com/a083839fb37a2c3bf4920288e2d2d085\" tg-width=\"1080\" tg-height=\"1029\"></p>\n<p><b>换言之，盛德鑫泰三年累计共有1279.81万元研发支出，就这样从账面上消失了。</b></p>\n<p><b>2、共用邮箱的神奇供应商</b></p>\n<p>报告期内，为满足客户要求，公司向振凯塑料采购钢管塞头、向津加塑料采购包装袋。</p>\n<p><img src=\"https://static.tigerbbs.com/cb38f9e8bf1e3e7da7de456bd1cdaabb\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p>向两家供应商的采购金额不大。然而，<b>有意思的是振凯塑料、津加塑料这两家公司在工商备案时，居然与盛德鑫泰使用的是同一个邮箱。</b></p>\n<p><img src=\"https://static.tigerbbs.com/92efefa10f1ba0920fb2324964b3b3ce\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p>根据国家企业信用信息公示系统显示，从2018年开始，盛德鑫泰的企业电子邮箱变更为980207356@qq.com，而恰巧的是，津加塑料居然从2016年开始一直使用980207356@qq.com作为企业电子邮箱，振凯塑料则可以追溯更远，在2015年开始一直使用980207356@qq.com作为企业电子邮箱。</p>\n<p>招股书披露，常州市津加塑料有限公司是一家由盛德鑫泰财务总监黄丽琴及其配偶潘荣本控制的企业；常州市振凯塑料厂是一家由财务总监黄丽琴的弟弟黄立新控制的企业。</p>\n<p>可见，<b>津加塑料、振凯塑料与盛德鑫泰的关系非同一般，不得不引人遐想。</b></p>\n<p><b>3、退出六年后，原股东低价入股</b></p>\n<p>2001年10月15日，盛德鑫泰有限成立，<b>黄浩荣</b>控制的宝德电子持股49%。其股权结构如下：</p>\n<p><img src=\"https://static.tigerbbs.com/af640baf43294785a88b41265198ca49\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>2004年3月，宝德电子将其持有的盛德有限 15.67%股权（对应出资额 47.00万美元，当时尚未实缴出资）以 0 美元转让给邹区电容器。</p>\n<p>2011年12月，宝德电子将其持有的盛德有限 33.33%股权（对应出资额 100.00 万美元）转让给周文庆，转让价款为人民币 3111.75 万元。</p>\n<p><b>截止至2011年12月，经过两次转让黄浩荣控制的宝德电子不在持有盛德有限（盛德鑫泰前身）的股权。</b></p>\n<p>时间来到2017年，<b>黄浩荣</b>全资控制的南通博电子对盛德鑫泰的突击入股闪亮了探雷哥的眼。</p>\n<p>盛德有限整体股权估值为3.9亿元，对应整体估值2%股权应支付780万元。<b>2017年9月27日，南通博电子仅仅以 502.50 万元就认购了盛德有限2%股权，理论上少花费277.50万元。</b></p>\n<p><img src=\"https://static.tigerbbs.com/f82065c8541805bf0063d1c40a1e3998\" tg-width=\"1080\" tg-height=\"549\"></p>\n<p>而对于南通博电子此次增资，<b>享受与联泓合伙（员工持股平台）、鑫泰合伙（员工持股平台）一样的价格，公司解释称是出于谨慎性原则考虑。</b></p>\n<p><img src=\"https://static.tigerbbs.com/33de528d476d826e8cf7803bd9ceea2c\" tg-width=\"1080\" tg-height=\"332\"></p>\n<p><b>探雷哥很疑惑，这是出于什么样的谨慎性原则，亦可享受与员工持股平台以同一价格（低价）增资，且作为股份支付事项处理。</b>根据企业会计准则对于股份支付给出的定义：</p>\n<p><img src=\"https://static.tigerbbs.com/95b79a1c565b9f6b7f8452d83cd13720\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p><b>要确认为以权益结算的股份支付，南通博电子需向盛德鑫泰提供服务。</b></p>\n<p>探雷哥很想知道南通博电子向盛德鑫泰提供了什么样的服务，才会以低价获取其2%的股权。然而，惊讶的是：</p>\n<p><img src=\"https://static.tigerbbs.com/be080edd9aa0624fffbec1cfd6451661\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p><b>南通博电子主要从事电子元器件贸易，与发行人（盛德鑫泰）主营业务无关。</b>根据目前公开的资料信息，<b>探雷哥对于南通博电子低价入股，当时时点整体估值与实际支付对价的差额部分确认为“以权益结算的股份支付”的处理，提出质疑。</b></p>\n<p><b>截止至2020年11月16日，南通博电子持有的盛德鑫泰股权价值6592.50万元，3年时间回报足足翻了12倍。</b></p>\n<p><b>4、结束语</b></p>\n<p>从数据上看，盛德鑫泰的业绩稳健、逐年递增，报告期内公司扣非净利润分别为3533.76万元、4215.18万元、6049.66万元。</p>\n<p><img src=\"https://static.tigerbbs.com/b82593e4dfc9c1f99b54a4e15d0ce1bd\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p>但进一步解析盛德鑫泰的收入构成就会发现，<b>每年贡献营业收入占比达60%以上的合金钢无缝钢管，销售量却在逐年递减</b>，2017年-2019年产品销量分别为6.97万吨、6.48万吨、6.04万吨。</p>\n<p><img src=\"https://static.tigerbbs.com/9fe82b9be997f64949c6f127900d0b80\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p><b>2017年-2019年，合金钢无缝钢管的毛利率分别为19.15%、17.42%、16.12%，也在逐年递减，降幅相当明显。</b></p>\n<p><img src=\"https://static.tigerbbs.com/ad8b16e96987055f6996c78297bd5035\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>盛德鑫泰其收入“主力产品合金钢无缝钢管”销量与毛利率双双逐年下滑，公司未来其盈利的持续性面临不稳定，这也许是盛德鑫泰急于上市的原因。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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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财务存疑：一家三口持股近90%的公司\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/24397cd0a72f485e9734d658c5a0841d);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇 </p>\n<p class=\"h-time\">2020-11-23 17:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2020年9月1日，<a href=\"https://laohu8.com/S/300881\">盛德鑫泰</a>登录深交所创业板。公司主要从事各类工业用能源设备类无缝钢管的生产、研发和销售，产品主要应用于电站锅炉设备制造、石油炼化等行业。目前，在小口径电站锅炉用合金钢领域拥有很强的行业竞争力。</p>\n<p>IPO前，周文庆直接持有盛德鑫泰4350万股股份，占盛德鑫泰总股本的58%，为盛德鑫泰的控股股东。周文庆的配偶宗焕琴直接持有盛德鑫泰27%股权，两人合计直接持有盛德鑫泰85%股权。宗焕琴控制的联泓合伙（员工持股平台）直接持有盛德鑫泰10.47%股权，周阳益（周文庆、宗焕琴的儿子）控制的鑫泰合伙（员工持股平台）直接持有盛德鑫泰2.53%股权，<b>也就是说一家三口占据了公司近90%的股权。</b></p>\n<p><b>与其说是家族企业，不如说是家庭公司。在家里随便开个会就是股东大会，还是能做出重大决策的那种。</b></p>\n<p>接下来，探雷哥带大家聊聊这家“家庭式公司”——盛德鑫泰。</p>\n<p><b>1、“诡异”的研发支出</b></p>\n<p>制造企业的研发支出一般有两个去处：一是不满足资本化条件的费用化，计入当期费用，如研发费用；二是满足资本化条件的资本化，计入开发支出，未来最终达到预定可使用状态的形成无形资产。</p>\n<p>盛德鑫泰2017年累计研发支出2218.23万元、2018年累计研发支出2543.44万元、2019年累计研发支出2627.25万元，占各期营业收入（母公司口径）的比例分别为3.15%、3.15%和3.18%，刚刚好踩在高新技术企业研发支出比例3%的及格线上。</p>\n<p><img src=\"https://static.tigerbbs.com/fc77be823b525249bd06dfff7af8a115\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>报告期内，研发费用（母公司口径）分别为1880.49万元、2163.85万元、2064.77万元。</p>\n<p><img src=\"https://static.tigerbbs.com/d9fe40ee6292982f34533bc2c8a77a63\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p><b>各期，研发支出与研发费用分别相差337.74万元、379.59万元、562.48万元，合计达到1279.81万元，探雷哥认为，差额理应体现在研发支出资本化相关科目中，如开发支出、无形资产。</b></p>\n<p>然而，报告期内，盛德鑫泰母公司资产负债表中的“开发支出”项目均为零。</p>\n<p><img src=\"https://static.tigerbbs.com/aff2aed231e78579e131e37e824614f5\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p>难道全部形成了无形资产吗？因招股书未披露母公司无形资产的详细数据。探雷哥决定从合并财务报表项目附注一探究竟，诡异的是附注披露最近三年无形资产仅包括土地使用权和软件，其增减变动并没有专利、非专利技术等与研发活动相关的项目。</p>\n<p><img src=\"https://static.tigerbbs.com/a083839fb37a2c3bf4920288e2d2d085\" tg-width=\"1080\" tg-height=\"1029\"></p>\n<p><b>换言之，盛德鑫泰三年累计共有1279.81万元研发支出，就这样从账面上消失了。</b></p>\n<p><b>2、共用邮箱的神奇供应商</b></p>\n<p>报告期内，为满足客户要求，公司向振凯塑料采购钢管塞头、向津加塑料采购包装袋。</p>\n<p><img src=\"https://static.tigerbbs.com/cb38f9e8bf1e3e7da7de456bd1cdaabb\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p>向两家供应商的采购金额不大。然而，<b>有意思的是振凯塑料、津加塑料这两家公司在工商备案时，居然与盛德鑫泰使用的是同一个邮箱。</b></p>\n<p><img src=\"https://static.tigerbbs.com/92efefa10f1ba0920fb2324964b3b3ce\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p>根据国家企业信用信息公示系统显示，从2018年开始，盛德鑫泰的企业电子邮箱变更为980207356@qq.com，而恰巧的是，津加塑料居然从2016年开始一直使用980207356@qq.com作为企业电子邮箱，振凯塑料则可以追溯更远，在2015年开始一直使用980207356@qq.com作为企业电子邮箱。</p>\n<p>招股书披露，常州市津加塑料有限公司是一家由盛德鑫泰财务总监黄丽琴及其配偶潘荣本控制的企业；常州市振凯塑料厂是一家由财务总监黄丽琴的弟弟黄立新控制的企业。</p>\n<p>可见，<b>津加塑料、振凯塑料与盛德鑫泰的关系非同一般，不得不引人遐想。</b></p>\n<p><b>3、退出六年后，原股东低价入股</b></p>\n<p>2001年10月15日，盛德鑫泰有限成立，<b>黄浩荣</b>控制的宝德电子持股49%。其股权结构如下：</p>\n<p><img src=\"https://static.tigerbbs.com/af640baf43294785a88b41265198ca49\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>2004年3月，宝德电子将其持有的盛德有限 15.67%股权（对应出资额 47.00万美元，当时尚未实缴出资）以 0 美元转让给邹区电容器。</p>\n<p>2011年12月，宝德电子将其持有的盛德有限 33.33%股权（对应出资额 100.00 万美元）转让给周文庆，转让价款为人民币 3111.75 万元。</p>\n<p><b>截止至2011年12月，经过两次转让黄浩荣控制的宝德电子不在持有盛德有限（盛德鑫泰前身）的股权。</b></p>\n<p>时间来到2017年，<b>黄浩荣</b>全资控制的南通博电子对盛德鑫泰的突击入股闪亮了探雷哥的眼。</p>\n<p>盛德有限整体股权估值为3.9亿元，对应整体估值2%股权应支付780万元。<b>2017年9月27日，南通博电子仅仅以 502.50 万元就认购了盛德有限2%股权，理论上少花费277.50万元。</b></p>\n<p><img src=\"https://static.tigerbbs.com/f82065c8541805bf0063d1c40a1e3998\" tg-width=\"1080\" tg-height=\"549\"></p>\n<p>而对于南通博电子此次增资，<b>享受与联泓合伙（员工持股平台）、鑫泰合伙（员工持股平台）一样的价格，公司解释称是出于谨慎性原则考虑。</b></p>\n<p><img src=\"https://static.tigerbbs.com/33de528d476d826e8cf7803bd9ceea2c\" tg-width=\"1080\" tg-height=\"332\"></p>\n<p><b>探雷哥很疑惑，这是出于什么样的谨慎性原则，亦可享受与员工持股平台以同一价格（低价）增资，且作为股份支付事项处理。</b>根据企业会计准则对于股份支付给出的定义：</p>\n<p><img src=\"https://static.tigerbbs.com/95b79a1c565b9f6b7f8452d83cd13720\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p><b>要确认为以权益结算的股份支付，南通博电子需向盛德鑫泰提供服务。</b></p>\n<p>探雷哥很想知道南通博电子向盛德鑫泰提供了什么样的服务，才会以低价获取其2%的股权。然而，惊讶的是：</p>\n<p><img src=\"https://static.tigerbbs.com/be080edd9aa0624fffbec1cfd6451661\" tg-width=\"1080\" tg-height=\"911\"></p>\n<p><b>南通博电子主要从事电子元器件贸易，与发行人（盛德鑫泰）主营业务无关。</b>根据目前公开的资料信息，<b>探雷哥对于南通博电子低价入股，当时时点整体估值与实际支付对价的差额部分确认为“以权益结算的股份支付”的处理，提出质疑。</b></p>\n<p><b>截止至2020年11月16日，南通博电子持有的盛德鑫泰股权价值6592.50万元，3年时间回报足足翻了12倍。</b></p>\n<p><b>4、结束语</b></p>\n<p>从数据上看，盛德鑫泰的业绩稳健、逐年递增，报告期内公司扣非净利润分别为3533.76万元、4215.18万元、6049.66万元。</p>\n<p><img src=\"https://static.tigerbbs.com/b82593e4dfc9c1f99b54a4e15d0ce1bd\" tg-width=\"1080\" tg-height=\"759\"></p>\n<p>但进一步解析盛德鑫泰的收入构成就会发现，<b>每年贡献营业收入占比达60%以上的合金钢无缝钢管，销售量却在逐年递减</b>，2017年-2019年产品销量分别为6.97万吨、6.48万吨、6.04万吨。</p>\n<p><img src=\"https://static.tigerbbs.com/9fe82b9be997f64949c6f127900d0b80\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p><b>2017年-2019年，合金钢无缝钢管的毛利率分别为19.15%、17.42%、16.12%，也在逐年递减，降幅相当明显。</b></p>\n<p><img src=\"https://static.tigerbbs.com/ad8b16e96987055f6996c78297bd5035\" tg-width=\"1080\" tg-height=\"548\"></p>\n<p>盛德鑫泰其收入“主力产品合金钢无缝钢管”销量与毛利率双双逐年下滑，公司未来其盈利的持续性面临不稳定，这也许是盛德鑫泰急于上市的原因。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0eecece828173ff2c241dc5278e347a","relate_stocks":{"300881":"盛德鑫泰"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186275570","content_text":"2020年9月1日，盛德鑫泰登录深交所创业板。公司主要从事各类工业用能源设备类无缝钢管的生产、研发和销售，产品主要应用于电站锅炉设备制造、石油炼化等行业。目前，在小口径电站锅炉用合金钢领域拥有很强的行业竞争力。\nIPO前，周文庆直接持有盛德鑫泰4350万股股份，占盛德鑫泰总股本的58%，为盛德鑫泰的控股股东。周文庆的配偶宗焕琴直接持有盛德鑫泰27%股权，两人合计直接持有盛德鑫泰85%股权。宗焕琴控制的联泓合伙（员工持股平台）直接持有盛德鑫泰10.47%股权，周阳益（周文庆、宗焕琴的儿子）控制的鑫泰合伙（员工持股平台）直接持有盛德鑫泰2.53%股权，也就是说一家三口占据了公司近90%的股权。\n与其说是家族企业，不如说是家庭公司。在家里随便开个会就是股东大会，还是能做出重大决策的那种。\n接下来，探雷哥带大家聊聊这家“家庭式公司”——盛德鑫泰。\n1、“诡异”的研发支出\n制造企业的研发支出一般有两个去处：一是不满足资本化条件的费用化，计入当期费用，如研发费用；二是满足资本化条件的资本化，计入开发支出，未来最终达到预定可使用状态的形成无形资产。\n盛德鑫泰2017年累计研发支出2218.23万元、2018年累计研发支出2543.44万元、2019年累计研发支出2627.25万元，占各期营业收入（母公司口径）的比例分别为3.15%、3.15%和3.18%，刚刚好踩在高新技术企业研发支出比例3%的及格线上。\n\n报告期内，研发费用（母公司口径）分别为1880.49万元、2163.85万元、2064.77万元。\n\n各期，研发支出与研发费用分别相差337.74万元、379.59万元、562.48万元，合计达到1279.81万元，探雷哥认为，差额理应体现在研发支出资本化相关科目中，如开发支出、无形资产。\n然而，报告期内，盛德鑫泰母公司资产负债表中的“开发支出”项目均为零。\n\n难道全部形成了无形资产吗？因招股书未披露母公司无形资产的详细数据。探雷哥决定从合并财务报表项目附注一探究竟，诡异的是附注披露最近三年无形资产仅包括土地使用权和软件，其增减变动并没有专利、非专利技术等与研发活动相关的项目。\n\n换言之，盛德鑫泰三年累计共有1279.81万元研发支出，就这样从账面上消失了。\n2、共用邮箱的神奇供应商\n报告期内，为满足客户要求，公司向振凯塑料采购钢管塞头、向津加塑料采购包装袋。\n\n向两家供应商的采购金额不大。然而，有意思的是振凯塑料、津加塑料这两家公司在工商备案时，居然与盛德鑫泰使用的是同一个邮箱。\n\n根据国家企业信用信息公示系统显示，从2018年开始，盛德鑫泰的企业电子邮箱变更为980207356@qq.com，而恰巧的是，津加塑料居然从2016年开始一直使用980207356@qq.com作为企业电子邮箱，振凯塑料则可以追溯更远，在2015年开始一直使用980207356@qq.com作为企业电子邮箱。\n招股书披露，常州市津加塑料有限公司是一家由盛德鑫泰财务总监黄丽琴及其配偶潘荣本控制的企业；常州市振凯塑料厂是一家由财务总监黄丽琴的弟弟黄立新控制的企业。\n可见，津加塑料、振凯塑料与盛德鑫泰的关系非同一般，不得不引人遐想。\n3、退出六年后，原股东低价入股\n2001年10月15日，盛德鑫泰有限成立，黄浩荣控制的宝德电子持股49%。其股权结构如下：\n\n2004年3月，宝德电子将其持有的盛德有限 15.67%股权（对应出资额 47.00万美元，当时尚未实缴出资）以 0 美元转让给邹区电容器。\n2011年12月，宝德电子将其持有的盛德有限 33.33%股权（对应出资额 100.00 万美元）转让给周文庆，转让价款为人民币 3111.75 万元。\n截止至2011年12月，经过两次转让黄浩荣控制的宝德电子不在持有盛德有限（盛德鑫泰前身）的股权。\n时间来到2017年，黄浩荣全资控制的南通博电子对盛德鑫泰的突击入股闪亮了探雷哥的眼。\n盛德有限整体股权估值为3.9亿元，对应整体估值2%股权应支付780万元。2017年9月27日，南通博电子仅仅以 502.50 万元就认购了盛德有限2%股权，理论上少花费277.50万元。\n\n而对于南通博电子此次增资，享受与联泓合伙（员工持股平台）、鑫泰合伙（员工持股平台）一样的价格，公司解释称是出于谨慎性原则考虑。\n\n探雷哥很疑惑，这是出于什么样的谨慎性原则，亦可享受与员工持股平台以同一价格（低价）增资，且作为股份支付事项处理。根据企业会计准则对于股份支付给出的定义：\n\n要确认为以权益结算的股份支付，南通博电子需向盛德鑫泰提供服务。\n探雷哥很想知道南通博电子向盛德鑫泰提供了什么样的服务，才会以低价获取其2%的股权。然而，惊讶的是：\n\n南通博电子主要从事电子元器件贸易，与发行人（盛德鑫泰）主营业务无关。根据目前公开的资料信息，探雷哥对于南通博电子低价入股，当时时点整体估值与实际支付对价的差额部分确认为“以权益结算的股份支付”的处理，提出质疑。\n截止至2020年11月16日，南通博电子持有的盛德鑫泰股权价值6592.50万元，3年时间回报足足翻了12倍。\n4、结束语\n从数据上看，盛德鑫泰的业绩稳健、逐年递增，报告期内公司扣非净利润分别为3533.76万元、4215.18万元、6049.66万元。\n\n但进一步解析盛德鑫泰的收入构成就会发现，每年贡献营业收入占比达60%以上的合金钢无缝钢管，销售量却在逐年递减，2017年-2019年产品销量分别为6.97万吨、6.48万吨、6.04万吨。\n\n2017年-2019年，合金钢无缝钢管的毛利率分别为19.15%、17.42%、16.12%，也在逐年递减，降幅相当明显。\n\n盛德鑫泰其收入“主力产品合金钢无缝钢管”销量与毛利率双双逐年下滑，公司未来其盈利的持续性面临不稳定，这也许是盛德鑫泰急于上市的原因。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":304805076,"gmtCreate":1605189744795,"gmtModify":1703836652928,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"京东和拼多多商业模式不是一回事，不太可能复制拼多多的走势。","listText":"京东和拼多多商业模式不是一回事，不太可能复制拼多多的走势。","text":"京东和拼多多商业模式不是一回事，不太可能复制拼多多的走势。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/304805076","repostId":"1121439576","repostType":4,"repost":{"id":"1121439576","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":1605156663,"share":"https://www.laohu8.com/m/news/1121439576?lang=&edition=full","pubTime":"2020-11-12 12:51","market":"us","language":"zh","title":"京东财报前瞻：继续受益于疫情红利，估值空间逐步释放","url":"https://stock-news.laohu8.com/highlight/detail?id=1121439576","media":"老虎资讯综合","summary":"11月12日讯，近日，电商股波动加剧，京东美股在上周五创出92.77美元的新高后，掉头向下，本周一、周二，连续两天跌超13%。周三美股收涨3.45%，报82.84美元。行情反复中，京东将于11月16日","content":"<p>11月12日讯，近日，电商股波动加剧，京东美股在上周五创出92.77美元的新高后，掉头向下，本周一、周二，连续两天跌超13%。周三美股收涨3.45%，报82.84美元。行情反复中，京东将于11月16日（下周一）美股盘前，发布2020年第三季度财务报告。安信证券认为，疫情带来的品类扩张机遇以及快消品用户粘性有望在后疫情阶段延续，并持续作为自营收入增长的关键动力。另外，随着京东陆续推进子业务上市，有利于提升市场对公司估值认可。</p><p><img src=\"https://static.tigerbbs.com/9d0da2abdbd6e71470d0672ad1075d08\" tg-width=\"1070\" tg-height=\"493\"></p><p><b>二季度业绩回顾</b></p><p>二季度京东财报业绩亮眼。财务数据上，不仅营收首次突破2000亿元，同比增速也重回30%以上。此外，净利润大幅增加，即便排除达达上市的影响，调整后净利润也达59亿元，创下历史新高。运营数据上，公司下沉策略进入收获期，随着京喜小程序触达低线城市用户，新增用户取得大幅增长。截至二季度末，京东用户同比增长29.9%至4.174亿，终于突破4亿大关，平台用户数仅次于阿里和拼多多。</p><p>具体来看：</p><p>京东二季度营收同比增长34%至2010.5亿元，比市场预期高5%。其中，在线直营收入同比增长33.5%至1782亿元，收入占比88.6%；服务及其他收入同比增长36%至228.7亿元，收入占比11.4%，服务及其他收入连续第五个季度占比高于11%。</p><p>京东二季度净利润也大幅改善，二季度京东净利润（归属于普通股股东）164亿元人民币，去年同期5.4亿元，同比暴涨26倍。原因主要是，规模化收入大增、成本控制得当以及投资收益斩获。净利润中有一部分是达达上市带来的投资收益。</p><blockquote>财报显示，Q2京东的股权投资收益为40亿元，而去年同期为亏损3亿元，投资收益的大幅增长，主要是来源于达达集团上市带来的41亿元（招股书显示，京东占有达达47%的股份）股权收益。</blockquote><p>但排除这些干扰因素，京东二季度Non-GAAP净利润还是达到59亿元，创下历史新高。</p><p>在用户层面，京东年活跃用户在二季度新增3000万人，创下过去三年新高，同比增速近30%。截至二季度末，京东总用户数达到4.17亿人，终于突破4亿大关。在2018年公司京东的用户增长一度停滞，甚至出现了负增长。如今的用户增速，已重回两年前的水平，说明京东终于走出了低谷。</p><p><img src=\"https://static.tigerbbs.com/35eb1c76addea81f577b4cd17aaa5114\" tg-width=\"652\" tg-height=\"424\"></p><p><b>三季度业绩前瞻</b></p><p>三季度电商平台的淡季，而本年度的淡季效应可能会强于同期。主要原因在于，首先，三季度紧随618大促之后，商家促销计划和消费者购物需求都有所调整，待年底大促时集中释放；其次，公司2019年下半年在用户和收入增长方面明显进入提速轨道，去年同期基数相对较高；再者，京东营收主营品类3C产品中，支柱产品之一手机上新在今年下半年存在推迟，GMV或更为后置。</p><p>总体而言，新冠疫情带来了线上用户增长、消费品类扩张，以及更强的用户粘性。预计在后疫情阶段，用户消费粘性有望延续，并为平台持续带来收入。</p><p>安信证券预计，京东三季度营收为1706.79亿元，较二季度下滑15.1%，较2019年Q3增长26.6%。其中，在线直营收入同比增长25.4%至1490.93亿元；服务及其他收入同比增长35%至215.86亿远。</p><p><img src=\"https://static.tigerbbs.com/ae178e12bc17ac1bbdf0352f1a2e9fb3\" tg-width=\"992\" tg-height=\"546\"></p><p>此外，三季度我们看到，京东正在推进旗下子业务（控股和非控股） 上市， 有利于提升公司整体估值。6月公司达成协议对京东数科的利润分成权转为对后者36.8%的股权，Q3起将使用权益法计后者盈利，9月京东数科提交科创板IPO申请；9月底，京东健康（持股81%）提交香港上市申请。 安信证券表示，以上一系列筹备举动有利于提升市场对公司（除京东零售和京东物流以外）估值构成的认可度。</p><p><img src=\"https://static.tigerbbs.com/80820c2ceadb8ea41415216ec26f8858\" tg-width=\"830\" tg-height=\"240\"></p><p><b>彭博社一致预期</b></p><p>彭博社预计三季度京东营收1702.99亿元，同比增长26.3%；调整后净利润42.02亿元，同比增长36.2%；调整后每股收益2.729元，同比增长31.2%。</p><p><img src=\"https://static.tigerbbs.com/65ba3c33f8321660abcc9fa03aee579a\" tg-width=\"1624\" tg-height=\"621\"></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>京东财报前瞻：继续受益于疫情红利，估值空间逐步释放</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 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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京东财报前瞻：继续受益于疫情红利，估值空间逐步释放\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\">2020-11-12 12:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>11月12日讯，近日，电商股波动加剧，京东美股在上周五创出92.77美元的新高后，掉头向下，本周一、周二，连续两天跌超13%。周三美股收涨3.45%，报82.84美元。行情反复中，京东将于11月16日（下周一）美股盘前，发布2020年第三季度财务报告。安信证券认为，疫情带来的品类扩张机遇以及快消品用户粘性有望在后疫情阶段延续，并持续作为自营收入增长的关键动力。另外，随着京东陆续推进子业务上市，有利于提升市场对公司估值认可。</p><p><img src=\"https://static.tigerbbs.com/9d0da2abdbd6e71470d0672ad1075d08\" tg-width=\"1070\" tg-height=\"493\"></p><p><b>二季度业绩回顾</b></p><p>二季度京东财报业绩亮眼。财务数据上，不仅营收首次突破2000亿元，同比增速也重回30%以上。此外，净利润大幅增加，即便排除达达上市的影响，调整后净利润也达59亿元，创下历史新高。运营数据上，公司下沉策略进入收获期，随着京喜小程序触达低线城市用户，新增用户取得大幅增长。截至二季度末，京东用户同比增长29.9%至4.174亿，终于突破4亿大关，平台用户数仅次于阿里和拼多多。</p><p>具体来看：</p><p>京东二季度营收同比增长34%至2010.5亿元，比市场预期高5%。其中，在线直营收入同比增长33.5%至1782亿元，收入占比88.6%；服务及其他收入同比增长36%至228.7亿元，收入占比11.4%，服务及其他收入连续第五个季度占比高于11%。</p><p>京东二季度净利润也大幅改善，二季度京东净利润（归属于普通股股东）164亿元人民币，去年同期5.4亿元，同比暴涨26倍。原因主要是，规模化收入大增、成本控制得当以及投资收益斩获。净利润中有一部分是达达上市带来的投资收益。</p><blockquote>财报显示，Q2京东的股权投资收益为40亿元，而去年同期为亏损3亿元，投资收益的大幅增长，主要是来源于达达集团上市带来的41亿元（招股书显示，京东占有达达47%的股份）股权收益。</blockquote><p>但排除这些干扰因素，京东二季度Non-GAAP净利润还是达到59亿元，创下历史新高。</p><p>在用户层面，京东年活跃用户在二季度新增3000万人，创下过去三年新高，同比增速近30%。截至二季度末，京东总用户数达到4.17亿人，终于突破4亿大关。在2018年公司京东的用户增长一度停滞，甚至出现了负增长。如今的用户增速，已重回两年前的水平，说明京东终于走出了低谷。</p><p><img src=\"https://static.tigerbbs.com/35eb1c76addea81f577b4cd17aaa5114\" tg-width=\"652\" tg-height=\"424\"></p><p><b>三季度业绩前瞻</b></p><p>三季度电商平台的淡季，而本年度的淡季效应可能会强于同期。主要原因在于，首先，三季度紧随618大促之后，商家促销计划和消费者购物需求都有所调整，待年底大促时集中释放；其次，公司2019年下半年在用户和收入增长方面明显进入提速轨道，去年同期基数相对较高；再者，京东营收主营品类3C产品中，支柱产品之一手机上新在今年下半年存在推迟，GMV或更为后置。</p><p>总体而言，新冠疫情带来了线上用户增长、消费品类扩张，以及更强的用户粘性。预计在后疫情阶段，用户消费粘性有望延续，并为平台持续带来收入。</p><p>安信证券预计，京东三季度营收为1706.79亿元，较二季度下滑15.1%，较2019年Q3增长26.6%。其中，在线直营收入同比增长25.4%至1490.93亿元；服务及其他收入同比增长35%至215.86亿远。</p><p><img src=\"https://static.tigerbbs.com/ae178e12bc17ac1bbdf0352f1a2e9fb3\" tg-width=\"992\" tg-height=\"546\"></p><p>此外，三季度我们看到，京东正在推进旗下子业务（控股和非控股） 上市， 有利于提升公司整体估值。6月公司达成协议对京东数科的利润分成权转为对后者36.8%的股权，Q3起将使用权益法计后者盈利，9月京东数科提交科创板IPO申请；9月底，京东健康（持股81%）提交香港上市申请。 安信证券表示，以上一系列筹备举动有利于提升市场对公司（除京东零售和京东物流以外）估值构成的认可度。</p><p><img src=\"https://static.tigerbbs.com/80820c2ceadb8ea41415216ec26f8858\" tg-width=\"830\" tg-height=\"240\"></p><p><b>彭博社一致预期</b></p><p>彭博社预计三季度京东营收1702.99亿元，同比增长26.3%；调整后净利润42.02亿元，同比增长36.2%；调整后每股收益2.729元，同比增长31.2%。</p><p><img src=\"https://static.tigerbbs.com/65ba3c33f8321660abcc9fa03aee579a\" tg-width=\"1624\" tg-height=\"621\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/028bf7c7eafdcd11c8df76a91d4805e0","relate_stocks":{"09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121439576","content_text":"11月12日讯，近日，电商股波动加剧，京东美股在上周五创出92.77美元的新高后，掉头向下，本周一、周二，连续两天跌超13%。周三美股收涨3.45%，报82.84美元。行情反复中，京东将于11月16日（下周一）美股盘前，发布2020年第三季度财务报告。安信证券认为，疫情带来的品类扩张机遇以及快消品用户粘性有望在后疫情阶段延续，并持续作为自营收入增长的关键动力。另外，随着京东陆续推进子业务上市，有利于提升市场对公司估值认可。二季度业绩回顾二季度京东财报业绩亮眼。财务数据上，不仅营收首次突破2000亿元，同比增速也重回30%以上。此外，净利润大幅增加，即便排除达达上市的影响，调整后净利润也达59亿元，创下历史新高。运营数据上，公司下沉策略进入收获期，随着京喜小程序触达低线城市用户，新增用户取得大幅增长。截至二季度末，京东用户同比增长29.9%至4.174亿，终于突破4亿大关，平台用户数仅次于阿里和拼多多。具体来看：京东二季度营收同比增长34%至2010.5亿元，比市场预期高5%。其中，在线直营收入同比增长33.5%至1782亿元，收入占比88.6%；服务及其他收入同比增长36%至228.7亿元，收入占比11.4%，服务及其他收入连续第五个季度占比高于11%。京东二季度净利润也大幅改善，二季度京东净利润（归属于普通股股东）164亿元人民币，去年同期5.4亿元，同比暴涨26倍。原因主要是，规模化收入大增、成本控制得当以及投资收益斩获。净利润中有一部分是达达上市带来的投资收益。财报显示，Q2京东的股权投资收益为40亿元，而去年同期为亏损3亿元，投资收益的大幅增长，主要是来源于达达集团上市带来的41亿元（招股书显示，京东占有达达47%的股份）股权收益。但排除这些干扰因素，京东二季度Non-GAAP净利润还是达到59亿元，创下历史新高。在用户层面，京东年活跃用户在二季度新增3000万人，创下过去三年新高，同比增速近30%。截至二季度末，京东总用户数达到4.17亿人，终于突破4亿大关。在2018年公司京东的用户增长一度停滞，甚至出现了负增长。如今的用户增速，已重回两年前的水平，说明京东终于走出了低谷。三季度业绩前瞻三季度电商平台的淡季，而本年度的淡季效应可能会强于同期。主要原因在于，首先，三季度紧随618大促之后，商家促销计划和消费者购物需求都有所调整，待年底大促时集中释放；其次，公司2019年下半年在用户和收入增长方面明显进入提速轨道，去年同期基数相对较高；再者，京东营收主营品类3C产品中，支柱产品之一手机上新在今年下半年存在推迟，GMV或更为后置。总体而言，新冠疫情带来了线上用户增长、消费品类扩张，以及更强的用户粘性。预计在后疫情阶段，用户消费粘性有望延续，并为平台持续带来收入。安信证券预计，京东三季度营收为1706.79亿元，较二季度下滑15.1%，较2019年Q3增长26.6%。其中，在线直营收入同比增长25.4%至1490.93亿元；服务及其他收入同比增长35%至215.86亿远。此外，三季度我们看到，京东正在推进旗下子业务（控股和非控股） 上市， 有利于提升公司整体估值。6月公司达成协议对京东数科的利润分成权转为对后者36.8%的股权，Q3起将使用权益法计后者盈利，9月京东数科提交科创板IPO申请；9月底，京东健康（持股81%）提交香港上市申请。 安信证券表示，以上一系列筹备举动有利于提升市场对公司（除京东零售和京东物流以外）估值构成的认可度。彭博社一致预期彭博社预计三季度京东营收1702.99亿元，同比增长26.3%；调整后净利润42.02亿元，同比增长36.2%；调整后每股收益2.729元，同比增长31.2%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":302153009,"gmtCreate":1604579226901,"gmtModify":1703833892774,"author":{"id":"3541387617789187","authorId":"3541387617789187","name":"陈兰兰","avatar":"https://static.tigerbbs.com/b89e5b496ad138e48588b7bbc0d121cd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3541387617789187","idStr":"3541387617789187"},"themes":[],"htmlText":"蔚来汽车现估值为500亿，对标特斯拉，3-6个月，乐观估计到估值1000亿，对应股价80元。期待中！","listText":"蔚来汽车现估值为500亿，对标特斯拉，3-6个月，乐观估计到估值1000亿，对应股价80元。期待中！","text":"蔚来汽车现估值为500亿，对标特斯拉，3-6个月，乐观估计到估值1000亿，对应股价80元。期待中！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/302153009","isVote":1,"tweetType":1,"viewCount":901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}