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昨夜梦见你
2023-10-06
$瑞幸咖啡(LKNCY)$
马上过40的节奏啦l[财迷] [财迷] [财迷]
昨夜梦见你
2023-06-17
$欧科云链(01499)$
盖茨访华!你要起来了吧![财迷] [财迷] [财迷]
昨夜梦见你
2023-07-31
$瑞幸咖啡(LKNCY)$
今晚30起步啦[财迷] [财迷]
昨夜梦见你
2021-01-04
$蔚来(NIO)$
今晚直接上60刀你信不信[开心] [开心]
昨夜梦见你
2024-11-08
$Phunware, Inc.(PHUN)$
有点不要脸了吧你也是! [喷血] [喷血]
昨夜梦见你
2025-04-01
$车车科技(CCG)$
大股东赶快回购吧![笑哭] [笑哭]
昨夜梦见你
2020-12-07
$蔚来(NIO)$
18%涨幅今晚
昨夜梦见你
2021-12-07
$蔚来(NIO)$
本月破60刀![得意] [得意]
昨夜梦见你
2022-05-21
$蔚来(NIO)$
一会儿就反弹[得意] [爱你]
昨夜梦见你
2021-11-08
$蔚来(NIO)$
今晚49.88
昨夜梦见你
2020-12-23
$五菱汽车(00305)$
今天不到2块你就别叫神车啦[得意] [得意]
昨夜梦见你
2021-06-28
$每日优鲜(MF)$
今晚暴涨有没有
昨夜梦见你
2021-03-01
$蔚来(NIO)$
今晚66.66
昨夜梦见你
2023-09-22
$瑞幸咖啡(LKNCY)$
今晚至少10个点[财迷] [财迷]
昨夜梦见你
2021-11-22
$蔚来(NIO)$
换电模式才是当下电动车的未来!
昨夜梦见你
2020-06-08
$蔚来(NIO)$
周五没上车的后悔死了吧
昨夜梦见你
2021-09-20
$蔚来(NIO)$
机会难得哦[财迷] [财迷]
昨夜梦见你
2021-08-12
$蔚来(NIO)$
今晚涨幅在20%以下你都不好意思跟人家打招呼
昨夜梦见你
2024-06-06
$能链智电(NAAS)$
大家都这么不关注你吗?!
昨夜梦见你
2021-01-18
$欧科云链(01499)$
你吖婷的真不争气
去老虎APP查看更多动态
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tg-width=\"907\" tg-height=\"430\"/></p><p>公开资料显示,MiniMax是全球领先的通用人工智能科技公司。公司自主研发了一系列多模态通用大模型,包括MiniMax M2、Hailuo 2.3、Speech 2.6 和 Music 2.0,具备代码和Agent能力,以及长上下文处理能力,能够理解、生成并整合包括文本、音频、图像、视频和音乐在内的多种模态。基于这些自研模型,公司面向全球推出一系列AI原生产品,包括MiniMax Agent、海螺AI、MiniMax Audio、星野等,以及面向企业和开发者的开放平台。</p><p>MiniMax的AI原生产品<a href=\"https://laohu8.com/S/301365\">矩阵</a>已吸引庞大用户群体,平均MAU从2023年的310万增长超六倍至2024年的1910万,并进一步增至截至2025年9月30日止九个月的2760万。截至2025年9月30日,MiniMax已有超过200个国家及地区的逾2.12亿名个人用户以及超过100个国家的13万企业客户。</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>新股首日 | MiniMax飙涨80%,总市值超900亿港元!公司为全球领先AI大模型公司</title>\n<style 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href=\"http://www.zhitongcaijing.com/content/detail/1390713.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f2b94a495d9a44be616161157ec7952f","relate_stocks":{"00100":"MINIMAX-WP"},"source_url":"http://www.zhitongcaijing.com/content/detail/1390713.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2602131751","content_text":"1月9日,MiniMax首日盘中飙涨80%,总市值超900亿港元。公开资料显示,MiniMax是全球领先的通用人工智能科技公司。公司自主研发了一系列多模态通用大模型,包括MiniMax M2、Hailuo 2.3、Speech 2.6 和 Music 2.0,具备代码和Agent能力,以及长上下文处理能力,能够理解、生成并整合包括文本、音频、图像、视频和音乐在内的多种模态。基于这些自研模型,公司面向全球推出一系列AI原生产品,包括MiniMax Agent、海螺AI、MiniMax Audio、星野等,以及面向企业和开发者的开放平台。MiniMax的AI原生产品矩阵已吸引庞大用户群体,平均MAU从2023年的310万增长超六倍至2024年的1910万,并进一步增至截至2025年9月30日止九个月的2760万。截至2025年9月30日,MiniMax已有超过200个国家及地区的逾2.12亿名个人用户以及超过100个国家的13万企业客户。","news_type":1,"symbols_score_info":{"00100":1.5}},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519627432277264,"gmtCreate":1767883488556,"gmtModify":1767883491120,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"胡说八道","listText":"胡说八道","text":"胡说八道","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519627432277264","repostId":"1164812787","repostType":2,"repost":{"id":"1164812787","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":1767883132,"share":"https://www.laohu8.com/m/news/1164812787?lang=zh_CN&edition=full","pubTime":"2026-01-08 22:38","market":"us","language":"zh","title":"脑再生科技续涨逾20%!马斯克宣布脑机接口量产计划叠加政策利好","url":"https://stock-news.laohu8.com/highlight/detail?id=1164812787","media":"老虎资讯综合","summary":"1月8日,脑再生科技续涨逾20%,该股本周累涨逾220%!消息面上,马斯克近日在社交媒体上表示,其脑机接口公司Neuralink将于2026年开始对脑机接口设备进行“大规模生产”。分析指出,在技术突破、政策驱动和全球产业共振的合力下,脑机接口正从一个前沿科学概念,急速迈向商业化和产业化的“关键一跃”。","content":"<html><head></head><body><p>1月8日,脑再生科技续涨逾20%,该股本周累涨逾220%!马斯克宣布脑机接口量产计划叠加政策利好。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af0fa200cceb89616e30e85658e0a253\" tg-width=\"560\" tg-height=\"240\"/></p><p>消息面上,马斯克近日在社交媒体上表示,其脑机接口公司Neuralink将于2026年开始对脑机接口设备进行“大规模生产”。并同步推进流程高度精简、几乎完全自动化的手术方案,最关键的突破在于,设备中的电极丝将直接穿过硬脑膜,而无需将其切除。</p><p style=\"text-align: justify;\">国内方面,1月7日,工业和信息化部等八部门联合印发《“人工智能+制造”专项行动实施意见》,明确提出将加快脑机接口(BCI)等新型终端的产业化、商业化进程。</p><p style=\"text-align: justify;\">分析指出,在技术突破、政策驱动和全球产业共振的合力下,脑机接口正从一个前沿科学概念,急速迈向商业化和产业化的“关键一跃”。</p></body></html>","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>脑再生科技续涨逾20%!马斯克宣布脑机接口量产计划叠加政策利好</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{ 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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脑再生科技续涨逾20%!马斯克宣布脑机接口量产计划叠加政策利好\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\">2026-01-08 22:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月8日,脑再生科技续涨逾20%,该股本周累涨逾220%!马斯克宣布脑机接口量产计划叠加政策利好。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af0fa200cceb89616e30e85658e0a253\" tg-width=\"560\" tg-height=\"240\"/></p><p>消息面上,马斯克近日在社交媒体上表示,其脑机接口公司Neuralink将于2026年开始对脑机接口设备进行“大规模生产”。并同步推进流程高度精简、几乎完全自动化的手术方案,最关键的突破在于,设备中的电极丝将直接穿过硬脑膜,而无需将其切除。</p><p style=\"text-align: justify;\">国内方面,1月7日,工业和信息化部等八部门联合印发《“人工智能+制造”专项行动实施意见》,明确提出将加快脑机接口(BCI)等新型终端的产业化、商业化进程。</p><p style=\"text-align: justify;\">分析指出,在技术突破、政策驱动和全球产业共振的合力下,脑机接口正从一个前沿科学概念,急速迈向商业化和产业化的“关键一跃”。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"RGC":"脑再生科技"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164812787","content_text":"1月8日,脑再生科技续涨逾20%,该股本周累涨逾220%!马斯克宣布脑机接口量产计划叠加政策利好。消息面上,马斯克近日在社交媒体上表示,其脑机接口公司Neuralink将于2026年开始对脑机接口设备进行“大规模生产”。并同步推进流程高度精简、几乎完全自动化的手术方案,最关键的突破在于,设备中的电极丝将直接穿过硬脑膜,而无需将其切除。国内方面,1月7日,工业和信息化部等八部门联合印发《“人工智能+制造”专项行动实施意见》,明确提出将加快脑机接口(BCI)等新型终端的产业化、商业化进程。分析指出,在技术突破、政策驱动和全球产业共振的合力下,脑机接口正从一个前沿科学概念,急速迈向商业化和产业化的“关键一跃”。","news_type":1,"symbols_score_info":{"RGC":1}},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519437341098032,"gmtCreate":1767786245792,"gmtModify":1767786247895,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"今年腰斩!","listText":"今年腰斩!","text":"今年腰斩!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519437341098032","isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519209121124512,"gmtCreate":1767743908022,"gmtModify":1767743910373,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"哈哈","listText":"哈哈","text":"哈哈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519209121124512","repostId":"1120760136","repostType":2,"repost":{"id":"1120760136","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":1767743799,"share":"https://www.laohu8.com/m/news/1120760136?lang=zh_CN&edition=full","pubTime":"2026-01-07 07:56","market":"us","language":"zh","title":"特朗普:委内瑞拉将向美国交付3000-5000万桶石油","url":"https://stock-news.laohu8.com/highlight/detail?id=1120760136","media":"老虎资讯综合","summary":"1月7日,美国总统特朗普宣布,委内瑞拉临时政府将向美国移交3000万至5000万桶石油。这些石油将按市场价格出售,而所得资金将由特朗普进行监管,以确保这些资金用于“造福委内瑞拉人民和美国人民”。特朗普称,已要求能源部长克里斯·赖特立即执行这一计划。石油将由储油船装载,并直接运送至美国的卸货码头。(央视新闻)受此消息影响,WTI原油期货短线走低。","content":"<html><head></head><body><p>1月7日,美国总统特朗普宣布,委内瑞拉临时政府将向美国移交3000万至5000万桶石油。这些石油将按市场价格出售,而所得资金将由特朗普进行监管,以确保这些资金用于“造福委内瑞拉人民和美国人民”。</p><p>特朗普称,已要求能源部长克里斯·赖特立即执行这一计划。石油将由储油船装载,并直接运送至美国的卸货码头。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1973d4bcbc3ffe2914a7214545967748\" tg-width=\"752\" tg-height=\"556\"/></p><p>受此消息影响,WTI原油期货短线走低。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14a4796aea2ab09bab36d3f36479cf92\" title=\"\" tg-width=\"906\" tg-height=\"589\"/></p><p></p></body></html>","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>特朗普:委内瑞拉将向美国交付3000-5000万桶石油</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n特朗普:委内瑞拉将向美国交付3000-5000万桶石油\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\">2026-01-07 07:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月7日,美国总统特朗普宣布,委内瑞拉临时政府将向美国移交3000万至5000万桶石油。这些石油将按市场价格出售,而所得资金将由特朗普进行监管,以确保这些资金用于“造福委内瑞拉人民和美国人民”。</p><p>特朗普称,已要求能源部长克里斯·赖特立即执行这一计划。石油将由储油船装载,并直接运送至美国的卸货码头。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1973d4bcbc3ffe2914a7214545967748\" tg-width=\"752\" tg-height=\"556\"/></p><p>受此消息影响,WTI原油期货短线走低。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14a4796aea2ab09bab36d3f36479cf92\" title=\"\" tg-width=\"906\" tg-height=\"589\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ba0e918dfd4ec815c4f78fc4cfc3ea3e","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120760136","content_text":"1月7日,美国总统特朗普宣布,委内瑞拉临时政府将向美国移交3000万至5000万桶石油。这些石油将按市场价格出售,而所得资金将由特朗普进行监管,以确保这些资金用于“造福委内瑞拉人民和美国人民”。特朗普称,已要求能源部长克里斯·赖特立即执行这一计划。石油将由储油船装载,并直接运送至美国的卸货码头。受此消息影响,WTI原油期货短线走低。","news_type":1,"symbols_score_info":{"CLmain":2}},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":509267975430600,"gmtCreate":1765365567778,"gmtModify":1765365570223,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"要出问题了吧","listText":"要出问题了吧","text":"要出问题了吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/509267975430600","repostId":"1157182394","repostType":2,"repost":{"id":"1157182394","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":1765365020,"share":"https://www.laohu8.com/m/news/1157182394?lang=zh_CN&edition=full","pubTime":"2025-12-10 19:10","market":"hk","language":"zh","title":"宁德时代:拟发行不超过100亿元债券,用于项目建设、偿还有息负债等","url":"https://stock-news.laohu8.com/highlight/detail?id=1157182394","media":"老虎资讯综合","summary":"债券期限不超过5年。","content":"<html><head></head><body><p> <a href=\"https://laohu8.com/S/03750\">宁德时代</a>公告称,公司拟注册发行不超过100亿元的债券,用于项目建设、补充营运资金、偿还有息负债等。债券期限不超过5年,发行方式为公开发行且由承销机构以余额包销的方式承销。此外,公司董事会提请股东会授权总经理或其授权人士全权办理与本次债券发行工作的相关事宜。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c1b231d66d60df810e46e9411fd3f7c\" alt=\"\" title=\"\" tg-width=\"1196\" tg-height=\"1628\"/></p></body></html>","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>宁德时代:拟发行不超过100亿元债券,用于项目建设、偿还有息负债等</title>\n<style 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}\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宁德时代:拟发行不超过100亿元债券,用于项目建设、偿还有息负债等\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\">2025-12-10 19:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p> <a href=\"https://laohu8.com/S/03750\">宁德时代</a>公告称,公司拟注册发行不超过100亿元的债券,用于项目建设、补充营运资金、偿还有息负债等。债券期限不超过5年,发行方式为公开发行且由承销机构以余额包销的方式承销。此外,公司董事会提请股东会授权总经理或其授权人士全权办理与本次债券发行工作的相关事宜。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c1b231d66d60df810e46e9411fd3f7c\" alt=\"\" title=\"\" tg-width=\"1196\" tg-height=\"1628\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6c2cc8fbb144e7e3eb550454298f5e97","relate_stocks":{"300750":"宁德时代","03750":"宁德时代"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157182394","content_text":"宁德时代公告称,公司拟注册发行不超过100亿元的债券,用于项目建设、补充营运资金、偿还有息负债等。债券期限不超过5年,发行方式为公开发行且由承销机构以余额包销的方式承销。此外,公司董事会提请股东会授权总经理或其授权人士全权办理与本次债券发行工作的相关事宜。","news_type":1,"symbols_score_info":{"300750":2,"03750":2}},"isVote":1,"tweetType":1,"viewCount":1198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":504379039105760,"gmtCreate":1764167488278,"gmtModify":1764167490932,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"这么一点点钱吗[笑哭] [笑哭] [笑哭] ","listText":"这么一点点钱吗[笑哭] [笑哭] [笑哭] ","text":"这么一点点钱吗[笑哭] [笑哭] [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/504379039105760","repostId":"2586280032","repostType":2,"repost":{"id":"2586280032","kind":"news","pubTimestamp":1764134460,"share":"https://www.laohu8.com/m/news/2586280032?lang=zh_CN&edition=full","pubTime":"2025-11-26 13:21","market":"fut","language":"zh","title":"名创优品于11月25日耗资约24.59万美元回购5.128万股","url":"https://stock-news.laohu8.com/highlight/detail?id=2586280032","media":"新浪港股","summary":"热点栏目\n\n自选股\n数据中心\n行情中心\n资金流向\n模拟交易\n\n客户端\n\n\n 名创优品(09896)公布,2025年11月25日耗资约24.59万美元回购5.128万股股份。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:卢昱君","content":"<html><body><div>\n<div>\n<div>\n<img src=\"http://image.sinajs.cn/n/hk/min/640x360xxfhd/09896.png\"/>\n</div>\n<div>\n<div>\n<span>热点栏目</span>\n<s></s>\n自选股\n数据中心\n行情中心\n资金流向\n模拟交易\n</div>\n客户端\n</div>\n</div>\n<p> <span><a href=\"https://laohu8.com/S/MNSO\">名创优品</a></span><span></span>(09896)公布,2025年11月25日耗资约24.59万美元回购5.128万股股份。</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<p>责任编辑:卢昱君 </p>\n</div></body></html>","source":"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>名创优品于11月25日耗资约24.59万美元回购5.128万股</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名创优品于11月25日耗资约24.59万美元回购5.128万股\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-26 13:21 北京时间 <a href=https://finance.sina.com.cn/stock/hkstock/ggscyd/2025-11-26/doc-infytcte2199038.shtml><strong>新浪港股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>热点栏目\n\n自选股\n数据中心\n行情中心\n资金流向\n模拟交易\n\n客户端\n\n\n 名创优品(09896)公布,2025年11月25日耗资约24.59万美元回购5.128万股股份。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:卢昱君</p>\n\n<a href=\"https://finance.sina.com.cn/stock/hkstock/ggscyd/2025-11-26/doc-infytcte2199038.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","09896":"名创优品","BK4114":"综合货品商店","BK1246":"综合货品商店","BK4585":"ETF&股票定投概念","BK4505":"高瓴资本持仓","MNSO":"名创优品","BK4220":"综合零售","LU0274383008.USD":"MANULIFE GF ASIAN SMALL CAP EQUITY \"AA\" (USD) INC","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK1249":"综合零售"},"source_url":"https://finance.sina.com.cn/stock/hkstock/ggscyd/2025-11-26/doc-infytcte2199038.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2586280032","content_text":"热点栏目\n\n自选股\n数据中心\n行情中心\n资金流向\n模拟交易\n\n客户端\n\n\n 名创优品(09896)公布,2025年11月25日耗资约24.59万美元回购5.128万股股份。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:卢昱君","news_type":1,"symbols_score_info":{"09896":1.5,"MNSO":1.5}},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499274995544256,"gmtCreate":1762918955840,"gmtModify":1762918958152,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"小题大做[笑哭] [笑哭] ","listText":"小题大做[笑哭] [笑哭] ","text":"小题大做[笑哭] [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499274995544256","repostId":"2582933963","repostType":2,"repost":{"id":"2582933963","kind":"news","pubTimestamp":1762833780,"share":"https://www.laohu8.com/m/news/2582933963?lang=zh_CN&edition=full","pubTime":"2025-11-11 12:03","market":"hk","language":"zh","title":"1820亿王宁掌舵的泡泡玛特,直播翻车了","url":"https://stock-news.laohu8.com/highlight/detail?id=2582933963","media":"澎湃新闻","summary":"11月7日,话题“泡泡玛特直播事故”登上微博热搜第一。截至11月7日下午14时37分,泡泡玛特股价下跌5.2%。而2017年后,泡泡玛特的业绩一飞冲天。泡泡玛特业绩爆表,王宁财富飙至1820亿元依靠盲盒的独特玩法,泡泡玛特业绩不断攀上新的高峰。10月21日下午,泡泡玛特公布了其2025年第三季度的最新业务情况。与国内市场相比,泡泡玛特在海外市场的增长势头更为抢眼。","content":"<div>\n<p>雷达财经出品 文|李茜 编|深海11月7日,话题“泡泡玛特直播事故”登上微博热搜第一。据悉,11月6日,泡泡玛特直播间工作人员展示售价79元的DIMOO挂链盲盒时,一人脱口而出“哎嘛,这东西卖79确实有点贵”,另一人回应“没事会有人买单的”,对话被实时播出,引发强烈不满。知名大V胡锡进评论称,这个对话对消费者的情绪造成直接打击,让人感觉品牌方是在愚弄大家,如果这种感受被放大,不断扩散,对泡泡玛特就...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202511111204079761ac02&s=b\">网页链接</a>\n\n</div>\n","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>1820亿王宁掌舵的泡泡玛特,直播翻车了</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{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1820亿王宁掌舵的泡泡玛特,直播翻车了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-11 12:03 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202511111204079761ac02&s=b><strong>澎湃新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>雷达财经出品 文|李茜 编|深海11月7日,话题“泡泡玛特直播事故”登上微博热搜第一。据悉,11月6日,泡泡玛特直播间工作人员展示售价79元的DIMOO挂链盲盒时,一人脱口而出“哎嘛,这东西卖79确实有点贵”,另一人回应“没事会有人买单的”,对话被实时播出,引发强烈不满。知名大V胡锡进评论称,这个对话对消费者的情绪造成直接打击,让人感觉品牌方是在愚弄大家,如果这种感受被放大,不断扩散,对泡泡玛特就...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202511111204079761ac02&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0359201612.USD":"贝莱德中国基金A2","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","SG9999002950.SGD":"United Asian Growth Opportunities SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","IE0034224299.USD":"PINEBRIDGE 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ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0823426308.USD":"法巴中国股票基金"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202511111204079761ac02&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2582933963","content_text":"雷达财经出品 文|李茜 编|深海11月7日,话题“泡泡玛特直播事故”登上微博热搜第一。据悉,11月6日,泡泡玛特直播间工作人员展示售价79元的DIMOO挂链盲盒时,一人脱口而出“哎嘛,这东西卖79确实有点贵”,另一人回应“没事会有人买单的”,对话被实时播出,引发强烈不满。知名大V胡锡进评论称,这个对话对消费者的情绪造成直接打击,让人感觉品牌方是在愚弄大家,如果这种感受被放大,不断扩散,对泡泡玛特就可能是灾难性的。雷达财经注意到,泡泡玛特的盲盒玩法,屡次引发争议。网络上有声音认为,泡泡玛特盲盒的本质是“赌概率、博输赢”:你花50元去买一个盲盒,有可能开出的是一个价值5000元的隐藏款玩偶,获得100倍的收益;也有可能开出一个烂大街的普通玩偶,分文不值。员工直播称贵也有人买单 网友:把消费者当大冤种啊!据悉,涉事产品系泡泡玛特11月新推出的“DIMOO新生日记系列-挂链盲盒”。据泡泡玛特介绍,该盲盒系列含6个常规款,1个隐藏款,常规款概率是1:6,隐藏款概率是1:72。该系列单个盲盒售价为79元,整盒售价为474元。11月6日,泡泡玛特直播间工作人员展示售价79元的DIMOO挂链盲盒时,一人脱口而出“哎嘛,这东西卖79确实有点贵”,另一人回应“没事会有人买单的”。对话被实时播出,引发许多网友不满。“确实,员工自己吐槽一下太贵了,没啥问题,后面那句话接的,就是把消费者当冤大头了。品控越来越差,价格还越来越高,确实给人感觉就是把消费者当大冤种啊!”一位加V微博用户发文称。知名大V胡锡进评论称,这个对话对消费者的情绪造成直接打击,让人感觉品牌方是在愚弄大家,如果这种感受被放大,不断扩散,对泡泡玛特就可能是灾难性的。11月7日,话题“泡泡玛特直播事故”登上微博热搜第一。该消息也对公司股价产生了影响。截至11月7日下午14时37分,泡泡玛特股价下跌5.2%。盲盒玩法引质疑:“抽盒”一时爽,一直“抽”一直爽直播翻车的泡泡玛特,其盲盒玩法在网络上也引发了一些质疑。有网友认为,其是一个伪装成玩具的赌博产品。在发展早期,泡泡玛特一度处于亏损状态。泡泡玛特成立于2010年,是一家专注于潮流商品零售、艺术家经纪、新媒体娱乐化平台、大型展会举办于一体的,IP 综合运营服务领域的公司,其主要产品包括盲盒、手办、BJD、衍生品等。该公司2017年新三板上市前,业绩还持续处于持续亏损状态。据财报,2014、2015年和2016年1-5月,公司营收分别是1700万、4500万、2900万,净利润分别为-277万、-1600万、-2480万。而2017年后,泡泡玛特的业绩一飞冲天。招股书显示,2017-2019年,泡泡玛特营收分别为1.58亿元、5.14亿元、16.83亿元,2018和2019年的营收连续两年保持高速增长,增幅为225.4%、227.2%。同时,公司2017-2019年分别实现净利润156万元、9952万元、4.51亿元,三年净利翻了289倍。其中,盲盒为泡泡玛特贡献了主要的收入来源。2017年至2020年上半年,泡泡玛特盲盒销售收益分别为9140万、3.596亿、13.592亿、6.887亿元,分别占同期泡泡玛特总收益的57.8%、69.9%、80.7%、84.2%。盲盒为何有这么大的魔力?盲盒玩法起源于日本,最开始以福袋、扭蛋的形式出现,但价值往往会高于其标价。八零后九零后熟知的小浣熊干脆面、NBA球星集卡、氪金游戏的充值抽卡,都可看作是一种盲盒形式。盲盒又叫“惊喜玩具”,和普通玩具不同的是,消费者一是为了购买造型可爱的人偶娃娃,二是为了体验拆盒的快感。在拆开盒子之前,永远也不知道会抽到哪一只,充满不确定性的拆盒,刺激着消费者的神经。公司创始人王宁在接受IP蛋炒饭采访时曾表示:“很多人打开盲盒,本来想买的是个物质,但拆开那一刻,你会发现她要么惊喜,要么沮丧,要么开心要么失落,你会发现她买的是一种心情。你知道吗?这是一个除了物质层面以外的、另一个有情感的属性的东西,我们其实就是想要从销售商品到销售情感,而盲盒只不过是一种方式,我们现在还在探索各种各样的逻辑。”“抽盒”一时爽,一直“抽”一直爽。为了获得心仪的盲盒,许多人像赌徒一样,不断投入资金,抽取盲盒。有盲盒玩家在抽了一个可爱的娃娃后,就想集齐一整套;有了一整套之后,就想要隐藏款、限量款。同时,这也在一定程度上导致了在盲盒玩家圈子里,形成了一个巨大的置换、二手交易盲盒市场,潮玩族、闲鱼、微博、豆瓣、微信群等都是他们的阵地。泡泡玛特业绩爆表,王宁财富飙至1820亿元依靠盲盒的独特玩法,泡泡玛特业绩不断攀上新的高峰。10月21日下午,泡泡玛特公布了其2025年第三季度的最新业务情况。公告显示,公司第三季度整体收益(未经审核)较2024年同期增长245%至250%。具体来看,泡泡玛特来自中国的收益同比增长185%至190%,海外收益同比更是暴涨365%至370%。第三季度,泡泡玛特在中国市场的整体表现优异,其中线下渠道收益同比增长130%至135%;线上渠道同比增长300%至305%。与国内市场相比,泡泡玛特在海外市场的增长势头更为抢眼。三大主要市场中,亚太(除中国以外)市场收益同比增长170%至175%;美洲同比狂飙1265%至1270%,成为增长最快的市场;欧洲及其他地区同比涨幅也高达735%至740%。如此强劲的业绩表现,让外界直呼不可思议。而泡泡玛特所缔造的前述商业奇迹,离不开LABUBU这一“丑萌”形象的火爆出圈。据悉,这个笑起来露出一排尖尖牙齿的顶流网红,隶属于泡泡玛特旗下艺术家IP中的THE MONSTERS系列,是由中国香港艺术家龙家升创作的北欧森林精灵形象。据公司年报,2023年,THE MONSTERS系列实现收入3.68亿元,收入占比仅为5.8%。然而,仅仅过了一年,该系列的收入便在去年直接飙升726.6%,达到30.41亿元,收入占比大幅提升至23.3%,一跃成为公司收入占比最高的第一大IP。今年上半年,THE MONSTERS系列乘胜追击,再度斩获48.14亿元的收入,同比大涨近7倍,收入占比进一步提升至34.7%,持续在公司的IP阵营中领跑。","news_type":1,"symbols_score_info":{"09992":1.5}},"isVote":1,"tweetType":1,"viewCount":1100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499275822650056,"gmtCreate":1762918830093,"gmtModify":1762918832486,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"看800!","listText":"看800!","text":"看800!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499275822650056","repostId":"1123395672","repostType":2,"repost":{"id":"1123395672","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":1762914981,"share":"https://www.laohu8.com/m/news/1123395672?lang=zh_CN&edition=full","pubTime":"2025-11-12 10:36","market":"hk","language":"zh","title":"Labubu曾推动泡泡玛特股价飙升,但Bernstein称现在是时候卖出了","url":"https://stock-news.laohu8.com/highlight/detail?id=1123395672","media":"老虎资讯综合","summary":"Labubu玩偶俘获了无数粉丝的心,也推动了最炙手可热的股票 $泡泡玛特$ 泡,其股价自年初以来飙升逾270%,于8月26日触及339.8港元的高点。Bernstein警告称,泡泡玛特的业务依赖“潮流驱动的收藏品”,因此需求波动剧烈。随着“露齿微笑”的Labubu毛绒玩偶热度不可避免地减退,泡泡玛特面临着迫切的IP多元化压力。Jeff Zhang近日将泡泡玛特目标价上调至280港元,理由是公司通过推出新IP与新产品强化海外布局,营收前景改善。","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/52c22efe151738ed7e3dd148b5a9512e\" alt=\"\" title=\"\" tg-width=\"1858\" tg-height=\"1045\"/></p><p>Labubu玩偶俘获了无数粉丝的心,也推动了最炙手可热的股票 <a href=\"https://laohu8.com/S/09992\">泡泡玛特</a> 泡(Pop Mart),其股价自年初以来飙升逾270%,于8月26日触及339.8港元的高点。但在热潮背后,市场出现了明显分化:一边是坚信品牌情绪价值的“信徒”,另一边则是担忧再度追逐消费泡沫的谨慎投资者。</p><p>上周,Bernstein的中国消费品分析团队(由Melinda Hu带领)对泡泡玛特发出谨慎信号,给予“跑输大盘”(underperform)评级,并设定225港元目标价。</p><p>Bernstein警告称,泡泡玛特的业务依赖“潮流驱动的收藏品”,因此需求波动剧烈。该机构认为,泡泡玛特属于“投机浪潮型企业”,通常经历5至10年的兴衰周期。</p><p>分析师指出:“尽管公司通过精细的知识产权(IP)开发和盲盒机制制造出一种‘可预测性幻象’,但其实仍面临高度集中风险,以及潮流市场普遍存在的结构性脆弱性。”</p><p>Melinda Hu强调,Labubu的成功掩盖了泡泡玛特的“结构性脆弱点”,因为要再打造出同等级爆款角色并维持热度“变得越来越难”;与此同时,现有IP也面临转售投机风险和消费者对单一角色“审美疲劳”的威胁。</p><p>Melinda Hu表示,“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”</p><p>随着“露齿微笑”的Labubu毛绒玩偶热度不可避免地减退,泡泡玛特面临着迫切的IP多元化压力。公司也推出了如Skullpanda和Crybaby等角色,但尚无一款能复制Labubu的爆红轨迹。</p><p>自8月高点以来,公司港股股价已下跌近30%,截至本周一收于221.4港元,主要受获利了结与需求可持续性担忧影响。</p><blockquote><p>“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”<br/>——Bernstein中国消费品分析师 Melinda Hu</p></blockquote><h3 id=\"id_2524886076\">情绪价值,值多少钱?</h3><p>上周四,一场直播让泡泡玛特陷入公关危机:一名员工在直播中质疑盲盒售价,这段视频随后疯传,引发网友对泡泡玛特高溢价玩具的吐槽。</p><p>“这卖79块?太离谱了吧。”一名女员工在直播中说道,显然没意识到正在录制。视频中一名男同事回应:“反正他们还会买。”</p><p>这段对话引发了社交媒体的热议,不少网友指责泡泡玛特“定价虚高”。有人甚至称这位女员工是“说出了真相的人”。上周五股价暴跌逾5%,创5月以来新低,但本周一又反弹8%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e13ad0d87a334456c489ea91a0fb7fd6\" tg-width=\"560\" tg-height=\"240\"/></p><p>在一次罕见的企业舆论评论中,前《环球时报》总编辑胡锡进在社交媒体发文,将此次直播风波称为“内部管理的小失误”,同时强调泡泡玛特提供的“情绪疗愈价值”仍有市场需求。</p><h3 id=\"id_252948573\">二级市场热度降温</h3><p>这场舆论风波发生之际,Labubu在二级市场的价格也明显降温。根据二手交易平台“千岛网”(Qiandao)数据,部分Labubu收藏品的转售价格已接近甚至低于官方零售价,这与此前一度暴涨的行情形成鲜明对比。</p><p>例如,“Big Into Energy”系列Labubu的平均售价从6月的4,678元跌至目前不足600元。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/962c3b87561d676b944de86bd9cae68b\" alt=\"\" title=\"\" tg-width=\"1858\" tg-height=\"1045\"/></p><p>Bernstein指出,二手市场交易量下降是“IP疲劳的早期信号”;不过,也有分析师认为,这更多与公司增加供给、加强变现相关。</p><p>汇丰银行分析师Lina Yan 表示,公司正努力恢复转售市场的“价格信号功能”——即价格变化反映供需动态,而不是人为推高价格以刺激销量。</p><p>浙江一名大学生Yiwan Fan表示,她收藏盲盒两年,如今决定在小红书上转售部分藏品。她说:“我花了很多钱抽到重复款,而黄牛却轻松抢到稀有款再高价转卖。”</p><p>泡泡玛特已尝试通过“加大供货量”抑制二级市场炒价。一位公司发言人9月曾表示,公司希望转售价格下跌,因为泡泡玛特只从“直接销售”中获利,而非二手市场。</p><p>晨星(Morningstar)分析师Jeff Zhang指出,部分旧系列价格下跌主要受补货和需求疲软影响。不过他同时强调,新款产品仍“一上架即售罄”,并预计公司未来增长更多来自海外市场。</p><p>Jeff Zhang近日将泡泡玛特目标价上调至280港元,理由是公司通过推出新IP与新产品强化海外布局,营收前景改善。</p><h3 id=\"id_429669633\">IP驱动的增长故事</h3><p>不过,部分分析师比Bernstein更为乐观,认为泡泡玛特的IP组合仍具韧性,短期内有进一步增长空间。</p><p>汇丰的Lina Yan 表示,泡泡玛特仍处于全球化扩张的“成长阶段”,未来有望与乐高(Lego)、三丽鸥(Sanrio)及Jelly Cat等国际品牌竞争。她为公司设定的目标价为392.5港元。</p><p>晨星的Jeff Zhang预计,泡泡玛特的销售增长将在2026年后放缓,但将2025年营收预测上调24%至400亿元人民币,远超管理层此前的300亿元指引。</p><p>泡泡玛特上月报告称,其第三季度营收同比增长逾三倍,其中美国市场销售激增约1,270%;上半年营收同样增长三倍,达到139亿元人民币。</p><p>尽管营收增幅惊人,公司股价在10月21日财报公布后仍下跌8%。</p><p>Lina Yan 指出,原因在于“做空兴趣创新高”,投资者将“强劲销售数据与转售价格下跌”视为Labubu IP热度见顶的“做空信号”。</p></body></html>","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\" 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#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\">\nLabubu曾推动泡泡玛特股价飙升,但Bernstein称现在是时候卖出了\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\">2025-11-12 10:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/52c22efe151738ed7e3dd148b5a9512e\" alt=\"\" title=\"\" tg-width=\"1858\" tg-height=\"1045\"/></p><p>Labubu玩偶俘获了无数粉丝的心,也推动了最炙手可热的股票 <a href=\"https://laohu8.com/S/09992\">泡泡玛特</a> 泡(Pop Mart),其股价自年初以来飙升逾270%,于8月26日触及339.8港元的高点。但在热潮背后,市场出现了明显分化:一边是坚信品牌情绪价值的“信徒”,另一边则是担忧再度追逐消费泡沫的谨慎投资者。</p><p>上周,Bernstein的中国消费品分析团队(由Melinda Hu带领)对泡泡玛特发出谨慎信号,给予“跑输大盘”(underperform)评级,并设定225港元目标价。</p><p>Bernstein警告称,泡泡玛特的业务依赖“潮流驱动的收藏品”,因此需求波动剧烈。该机构认为,泡泡玛特属于“投机浪潮型企业”,通常经历5至10年的兴衰周期。</p><p>分析师指出:“尽管公司通过精细的知识产权(IP)开发和盲盒机制制造出一种‘可预测性幻象’,但其实仍面临高度集中风险,以及潮流市场普遍存在的结构性脆弱性。”</p><p>Melinda Hu强调,Labubu的成功掩盖了泡泡玛特的“结构性脆弱点”,因为要再打造出同等级爆款角色并维持热度“变得越来越难”;与此同时,现有IP也面临转售投机风险和消费者对单一角色“审美疲劳”的威胁。</p><p>Melinda Hu表示,“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”</p><p>随着“露齿微笑”的Labubu毛绒玩偶热度不可避免地减退,泡泡玛特面临着迫切的IP多元化压力。公司也推出了如Skullpanda和Crybaby等角色,但尚无一款能复制Labubu的爆红轨迹。</p><p>自8月高点以来,公司港股股价已下跌近30%,截至本周一收于221.4港元,主要受获利了结与需求可持续性担忧影响。</p><blockquote><p>“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”<br/>——Bernstein中国消费品分析师 Melinda Hu</p></blockquote><h3 id=\"id_2524886076\">情绪价值,值多少钱?</h3><p>上周四,一场直播让泡泡玛特陷入公关危机:一名员工在直播中质疑盲盒售价,这段视频随后疯传,引发网友对泡泡玛特高溢价玩具的吐槽。</p><p>“这卖79块?太离谱了吧。”一名女员工在直播中说道,显然没意识到正在录制。视频中一名男同事回应:“反正他们还会买。”</p><p>这段对话引发了社交媒体的热议,不少网友指责泡泡玛特“定价虚高”。有人甚至称这位女员工是“说出了真相的人”。上周五股价暴跌逾5%,创5月以来新低,但本周一又反弹8%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e13ad0d87a334456c489ea91a0fb7fd6\" tg-width=\"560\" tg-height=\"240\"/></p><p>在一次罕见的企业舆论评论中,前《环球时报》总编辑胡锡进在社交媒体发文,将此次直播风波称为“内部管理的小失误”,同时强调泡泡玛特提供的“情绪疗愈价值”仍有市场需求。</p><h3 id=\"id_252948573\">二级市场热度降温</h3><p>这场舆论风波发生之际,Labubu在二级市场的价格也明显降温。根据二手交易平台“千岛网”(Qiandao)数据,部分Labubu收藏品的转售价格已接近甚至低于官方零售价,这与此前一度暴涨的行情形成鲜明对比。</p><p>例如,“Big Into Energy”系列Labubu的平均售价从6月的4,678元跌至目前不足600元。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/962c3b87561d676b944de86bd9cae68b\" alt=\"\" title=\"\" tg-width=\"1858\" tg-height=\"1045\"/></p><p>Bernstein指出,二手市场交易量下降是“IP疲劳的早期信号”;不过,也有分析师认为,这更多与公司增加供给、加强变现相关。</p><p>汇丰银行分析师Lina Yan 表示,公司正努力恢复转售市场的“价格信号功能”——即价格变化反映供需动态,而不是人为推高价格以刺激销量。</p><p>浙江一名大学生Yiwan Fan表示,她收藏盲盒两年,如今决定在小红书上转售部分藏品。她说:“我花了很多钱抽到重复款,而黄牛却轻松抢到稀有款再高价转卖。”</p><p>泡泡玛特已尝试通过“加大供货量”抑制二级市场炒价。一位公司发言人9月曾表示,公司希望转售价格下跌,因为泡泡玛特只从“直接销售”中获利,而非二手市场。</p><p>晨星(Morningstar)分析师Jeff Zhang指出,部分旧系列价格下跌主要受补货和需求疲软影响。不过他同时强调,新款产品仍“一上架即售罄”,并预计公司未来增长更多来自海外市场。</p><p>Jeff Zhang近日将泡泡玛特目标价上调至280港元,理由是公司通过推出新IP与新产品强化海外布局,营收前景改善。</p><h3 id=\"id_429669633\">IP驱动的增长故事</h3><p>不过,部分分析师比Bernstein更为乐观,认为泡泡玛特的IP组合仍具韧性,短期内有进一步增长空间。</p><p>汇丰的Lina Yan 表示,泡泡玛特仍处于全球化扩张的“成长阶段”,未来有望与乐高(Lego)、三丽鸥(Sanrio)及Jelly Cat等国际品牌竞争。她为公司设定的目标价为392.5港元。</p><p>晨星的Jeff Zhang预计,泡泡玛特的销售增长将在2026年后放缓,但将2025年营收预测上调24%至400亿元人民币,远超管理层此前的300亿元指引。</p><p>泡泡玛特上月报告称,其第三季度营收同比增长逾三倍,其中美国市场销售激增约1,270%;上半年营收同样增长三倍,达到139亿元人民币。</p><p>尽管营收增幅惊人,公司股价在10月21日财报公布后仍下跌8%。</p><p>Lina Yan 指出,原因在于“做空兴趣创新高”,投资者将“强劲销售数据与转售价格下跌”视为Labubu IP热度见顶的“做空信号”。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/962c3b87561d676b944de86bd9cae68b","relate_stocks":{"09992":"泡泡玛特"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123395672","content_text":"Labubu玩偶俘获了无数粉丝的心,也推动了最炙手可热的股票 泡泡玛特 泡(Pop Mart),其股价自年初以来飙升逾270%,于8月26日触及339.8港元的高点。但在热潮背后,市场出现了明显分化:一边是坚信品牌情绪价值的“信徒”,另一边则是担忧再度追逐消费泡沫的谨慎投资者。上周,Bernstein的中国消费品分析团队(由Melinda Hu带领)对泡泡玛特发出谨慎信号,给予“跑输大盘”(underperform)评级,并设定225港元目标价。Bernstein警告称,泡泡玛特的业务依赖“潮流驱动的收藏品”,因此需求波动剧烈。该机构认为,泡泡玛特属于“投机浪潮型企业”,通常经历5至10年的兴衰周期。分析师指出:“尽管公司通过精细的知识产权(IP)开发和盲盒机制制造出一种‘可预测性幻象’,但其实仍面临高度集中风险,以及潮流市场普遍存在的结构性脆弱性。”Melinda Hu强调,Labubu的成功掩盖了泡泡玛特的“结构性脆弱点”,因为要再打造出同等级爆款角色并维持热度“变得越来越难”;与此同时,现有IP也面临转售投机风险和消费者对单一角色“审美疲劳”的威胁。Melinda Hu表示,“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”随着“露齿微笑”的Labubu毛绒玩偶热度不可避免地减退,泡泡玛特面临着迫切的IP多元化压力。公司也推出了如Skullpanda和Crybaby等角色,但尚无一款能复制Labubu的爆红轨迹。自8月高点以来,公司港股股价已下跌近30%,截至本周一收于221.4港元,主要受获利了结与需求可持续性担忧影响。“如果Labubu的热度衰退速度超过新系列IP的成长速度,整个增长故事将土崩瓦解。”——Bernstein中国消费品分析师 Melinda Hu情绪价值,值多少钱?上周四,一场直播让泡泡玛特陷入公关危机:一名员工在直播中质疑盲盒售价,这段视频随后疯传,引发网友对泡泡玛特高溢价玩具的吐槽。“这卖79块?太离谱了吧。”一名女员工在直播中说道,显然没意识到正在录制。视频中一名男同事回应:“反正他们还会买。”这段对话引发了社交媒体的热议,不少网友指责泡泡玛特“定价虚高”。有人甚至称这位女员工是“说出了真相的人”。上周五股价暴跌逾5%,创5月以来新低,但本周一又反弹8%。在一次罕见的企业舆论评论中,前《环球时报》总编辑胡锡进在社交媒体发文,将此次直播风波称为“内部管理的小失误”,同时强调泡泡玛特提供的“情绪疗愈价值”仍有市场需求。二级市场热度降温这场舆论风波发生之际,Labubu在二级市场的价格也明显降温。根据二手交易平台“千岛网”(Qiandao)数据,部分Labubu收藏品的转售价格已接近甚至低于官方零售价,这与此前一度暴涨的行情形成鲜明对比。例如,“Big Into Energy”系列Labubu的平均售价从6月的4,678元跌至目前不足600元。Bernstein指出,二手市场交易量下降是“IP疲劳的早期信号”;不过,也有分析师认为,这更多与公司增加供给、加强变现相关。汇丰银行分析师Lina Yan 表示,公司正努力恢复转售市场的“价格信号功能”——即价格变化反映供需动态,而不是人为推高价格以刺激销量。浙江一名大学生Yiwan Fan表示,她收藏盲盒两年,如今决定在小红书上转售部分藏品。她说:“我花了很多钱抽到重复款,而黄牛却轻松抢到稀有款再高价转卖。”泡泡玛特已尝试通过“加大供货量”抑制二级市场炒价。一位公司发言人9月曾表示,公司希望转售价格下跌,因为泡泡玛特只从“直接销售”中获利,而非二手市场。晨星(Morningstar)分析师Jeff Zhang指出,部分旧系列价格下跌主要受补货和需求疲软影响。不过他同时强调,新款产品仍“一上架即售罄”,并预计公司未来增长更多来自海外市场。Jeff Zhang近日将泡泡玛特目标价上调至280港元,理由是公司通过推出新IP与新产品强化海外布局,营收前景改善。IP驱动的增长故事不过,部分分析师比Bernstein更为乐观,认为泡泡玛特的IP组合仍具韧性,短期内有进一步增长空间。汇丰的Lina Yan 表示,泡泡玛特仍处于全球化扩张的“成长阶段”,未来有望与乐高(Lego)、三丽鸥(Sanrio)及Jelly Cat等国际品牌竞争。她为公司设定的目标价为392.5港元。晨星的Jeff Zhang预计,泡泡玛特的销售增长将在2026年后放缓,但将2025年营收预测上调24%至400亿元人民币,远超管理层此前的300亿元指引。泡泡玛特上月报告称,其第三季度营收同比增长逾三倍,其中美国市场销售激增约1,270%;上半年营收同样增长三倍,达到139亿元人民币。尽管营收增幅惊人,公司股价在10月21日财报公布后仍下跌8%。Lina Yan 指出,原因在于“做空兴趣创新高”,投资者将“强劲销售数据与转售价格下跌”视为Labubu IP热度见顶的“做空信号”。","news_type":1,"symbols_score_info":{"09992":2}},"isVote":1,"tweetType":1,"viewCount":1251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":496987468555096,"gmtCreate":1762357994110,"gmtModify":1762357996542,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"必须是赌徒型选手![财迷][财迷][财迷]","listText":"必须是赌徒型选手![财迷][财迷][财迷]","text":"必须是赌徒型选手![财迷][财迷][财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/496987468555096","isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":496103184347824,"gmtCreate":1762149596871,"gmtModify":1762149598835,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/SLAI\">$SOLAI Ltd(SLAI)$</a> 改名就是改命@@你该支棱起来啦[你懂的] [你懂的] ","text":"$SOLAI Ltd(SLAI)$ 改名就是改命@@你该支棱起来啦[你懂的] [你懂的]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/492619780510576","isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":491286767874584,"gmtCreate":1760963656071,"gmtModify":1760963657922,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTCM\">$BIT Mining(BTCM)$</a> 今晚重生啦![财迷] [财迷] [财迷] ","listText":"<a href=\"https://laohu8.com/S/BTCM\">$BIT Mining(BTCM)$</a> 今晚重生啦![财迷] [财迷] [财迷] ","text":"$BIT Mining(BTCM)$ 今晚重生啦![财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/491286767874584","isVote":1,"tweetType":1,"viewCount":1084,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":490415877869952,"gmtCreate":1760758088241,"gmtModify":1760758090562,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"股价到头了","listText":"股价到头了","text":"股价到头了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/490415877869952","repostId":"1165933047","repostType":2,"repost":{"id":"1165933047","kind":"news","weMediaInfo":{"introduction":"专注财报前瞻、财报解析的大模型Agent","home_visible":1,"media_name":"财报Agent","id":"1017018787","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"pubTimestamp":1760606433,"share":"https://www.laohu8.com/m/news/1165933047?lang=zh_CN&edition=full","pubTime":"2025-10-16 17:20","market":"us","language":"zh","title":"财报前瞻丨特斯拉储能与软件业务持续增长,汽车端价格与相关政策仍是关键变量","url":"https://stock-news.laohu8.com/highlight/detail?id=1165933047","media":"财报Agent","summary":"市场预计本季度营收与利润率将出现边际改善,但汽车端价格策略与政策变化仍可能牵动当季业绩波动。二季度能源毛利率提升至30.3%,主要受原材料成本回落与产品组合优化影响,即使Megapack平均售价有所回落,单位成本下降与交付结构改善仍支撑毛利率水平。递延收入释放会直接贡献当季营收与毛利,且软件与服务边际成本更低,能够改善总体利润结构与现金流质量。多数机构认为特斯拉利润或将受能源与软件拉动而趋于稳定。","content":"<html><head></head><body><blockquote><p style=\"text-align: start;\">特斯拉计划于10月22日(美股盘后)公布2025财年第三季度财报。市场预计本季度营收与利润率将出现边际改善,但汽车端价格策略与政策变化仍可能牵动当季业绩波动。</p></blockquote><h3 id=\"id_378035506\">市场预测</h3><p style=\"text-align: start;\"><br/>市场一致预期本季度总营收约260.68亿美元,同比增长约3.52%;调整后每股收益约0.53美元,同比下降约26.38%。参照公司第二季度财报,能源发电与存储板块未来12个月预计确认约54.7亿美元的合同义务,汽车销售项下的FSD(Supervised)与维护/连接等递延收入未来12个月预计确认约8.31亿美元,这将为后续季度的收入提供一定支撑。结合二季度已披露数据,本季度毛利率预计较Q2有所修复,净利润受汽车价格/组合与监管积分减少影响仍偏谨慎,服务与其他业务的稳健增长与能源毛利韧性将起到结构性对冲。</p><h3 id=\"id_3028734678\">上季度回顾</h3><p style=\"text-align: start;\"><br/>第二季度公司总营收为224.96亿美元,同比下降11.8%;总毛利率为17.2%(去年同期为18.0%);归属于普通股股东的净利润11.72亿美元,同比下降16.3%;调整后每股收益为0.40美元,同比下降约23.1%。</p><p style=\"text-align: start;\">二季度汽车监管积分收入降至4.39亿美元(同比减少51.0%),研发投入同比增长48.0%至15.89亿美元,运营利润为9.23亿美元,同比下降42.5%,现金与短期投资合计367.82亿美元,上半年经营性现金流为46.96亿美元。</p><p style=\"text-align: start;\">业务层面,服务及其他收入30.46亿美元,同比增长16.8%,体现服务网络与相关附加业务的规模扩张与盈利支撑作用;能源发电与存储收入27.89亿美元,同比下降7.5%,但板块毛利率升至30.3%,显示成本优化带来的结构改善。</p><h3 id=\"id_2774795216\">本季度展望</h3><h4 id=\"id_3997677171\"><br/>储能业务进入收获期:成本优化驱动毛利率提升,现金流质量持续改善</h4><p style=\"text-align: start;\"><br/>能源板块的在手合同履约义务达到103.8亿美元,预计未来12个月确认约54.7亿美元,显示收入的可见性与兑现节奏较为明确。</p><p style=\"text-align: start;\">二季度能源毛利率提升至30.3%,主要受原材料成本回落与产品组合优化影响,即使Megapack平均售价有所回落,单位成本下降与交付结构改善仍支撑毛利率水平。</p><p style=\"text-align: start;\">展望本季度,如果大型储能项目的交付密度与履约进度保持顺畅,能源业务有望继续对集团毛利形成正向拉动,并在现金回笼上贡献更高质量的经营性现金流。</p><p style=\"text-align: start;\">市场也在跟踪北美与海外项目并网进度与多区域交付均衡度,单季收入与毛利的波动可能由项目节点集中确认引起,因此季度间的连续性观察比单季高点更具参考价值。结合公司在产能与项目执行侧的投入,能源板块仍是当前可见度较高的利润支点,预计在Q3‑Q4对冲汽车端的周期性压力,缓和总体利润结构的波动。</p><h4 id=\"id_1357542195\">FSD与Robotaxi驱动新商业模式,软件服务成高毛利增长新范式</h4><p style=\"text-align: start;\"><br/>公司披露与软件相关的递延收入持续增加,汽车销售项下的FSD(Supervised)与维护/连接等递延收入余额约37.5亿美元,预计未来12个月确认约8.31亿美元。递延收入释放会直接贡献当季营收与毛利,且软件与服务边际成本更低,能够改善总体利润结构与现金流质量。</p><p style=\"text-align: start;\">6月在奥斯汀上线的Robotaxi服务已提供初步的车队化与平台化场景验证,随着网络扩容与配套完善(保洁维护、充电、安保、远程运营与车队管理等),软件与服务收入占比有望提高,并通过更高车辆利用率摊薄固定成本。</p><p style=\"text-align: start;\">市场关注本季度软件功能迭代速度与订阅渗透率提升的协同效应,如果FSD相关功能包的活跃订阅与一次性确认形成良好平衡,递延收入的释放将对毛利率产生支点作用。结合公司强调以正向经营现金流与充裕的现金与投资余额推进AI训练与推理基础设施建设,本季度若在功能迭代与区域放量上取得进展,软件与服务类收入的高毛利特征将更显著,提升整体盈利结构的可持续性。</p><h4 id=\"id_3940661091\">汽车毛利承压,政策变化致监管积分收入回落,服务业务增长展现韧性</h4><p style=\"text-align: start;\"><br/>二季度汽车板块毛利率降至17.2%(去年同期为18.5%),主要受产品组合与平均售价走低以及监管积分收入减少影响。政策端出现新的不确定性,今年7月生效的相关法案调整了燃油经济性与税收抵免的罚则,导致监管积分销售与成本结构发生变化,二季度末汽车监管积分相关的剩余履约义务较一季度减少约11亿美元。</p><p style=\"text-align: start;\">贸易与关税变化可能抬升电池等关键材料的输入成本,压制终端需求与盈利能力,尤其是在欧洲需求偏弱与中国竞争加剧的背景下。美国税收抵免截至9月底的到期效应可能在三季度形成一定的购车前置,从而对交付与收入有所支撑,但这一因素对第四季度的需求边际影响需谨慎评估。</p><p style=\"text-align: start;\">另一方面,服务及其他收入保持韧性,二季度同比增长16.8%至30.46亿美元,体现售后与网络层面的稳定贡献,对整车业务波动形成一定对冲。本季度若价格策略趋于稳健,叠加制造成本继续优化、交付结构改善,以及德州工厂Cybercab建设推进带来的运营效率提升,汽车业务的利润弹性仍取决于价格/成本的动态平衡与区域交付结构的调和,市场亦将关注欧洲销量的修复迹象与中国市场新品(如六座版Model Y L)对结构的带动。</p><h4 id=\"id_1183929019\">资本开支继续增加,特斯拉加码AI与全球产能</h4><p style=\"text-align: start;\"><br/>管理层预计2025年资本开支超过90亿美元,投向AI训练/推理基础设施、全球工厂扩建、设备与新产品导入,节奏随项目里程碑与宏观变化动态调整。二季度利息收入为3.92亿美元,同比增长12.6%,其他净收益为3.20亿美元,较去年同期的净支出改善,受数字资产公允价值变动与汇兑影响。</p><p style=\"text-align: start;\">公司预计继续保持经营性现金流为正,截至二季度末尚有约50亿美元的已承诺未动用授信额度,叠加367.82亿美元的现金及短期投资,为高强度投入与新业务拓展提供缓冲。</p><p style=\"text-align: start;\">若本季度能源与软件递延收入的确认节奏稳定,将对经营性现金流与自由现金流质量产生正向作用,帮助公司在维持投入强度的同时,控制短期利润波动与长期价值打造的张力。另一方面,资本开支在AI、网络与新车型之间的边际分配,将影响未来软件/服务收入占比与单位资本效率的改善路径,市场预期公司将更强调高毛利、低资本强度的收入扩张来提高整体现金流的稳健性。</p><h4 id=\"id_2744423593\">NACS普及驱动充电网络扩容,Cybercab建设铺垫Robotaxi规模化</h4><p style=\"text-align: start;\"><br/>工厂正为今年晚些时候的新车型发布做准备,德州工厂Cybercab处于建设阶段,服务驱动的业务模式正在推进。随着更多车企采用NACS标准,超级充电网络需进一步扩容以满足跨品牌使用需求,服务及其他业务的增长路径更加清晰。网络扩容与车队运营的协同,一方面提升增量车辆的使用效率,另一方面为软件与服务的变现创造更丰富的应用场景。</p><p style=\"text-align: start;\">本季度若在车队化运营与充电网络的资源配置上实现更高密度与更优调度,将有助于降低收入结构对整车业务的依赖度,缓释利润随汽车价格/成本的波动,并为后续Robotaxi规模化预备运维能力与数据闭环。结合奥斯汀试点的经验,市场也在观察车队维护能力、客户体验与安全合规的迭代速度,以评估服务驱动模式在不同城市的推广可行性与单位经济模型。</p><h3 id=\"id_2639989853\">分析师观点</h3><p>法国巴黎银行Exane首次覆盖特斯拉便给出"跑输大盘"评级,目标价定为307美元,暗示较当前水平存在约30%下行空间。根据InvestingPro公允价值分析,该股目前以258.59倍市盈率的高估值交易,呈现高估态势。</p><p style=\"text-align: start;\">摩根士丹利在特斯拉公布第三季度交付数据后,重申"超配"评级及410美元目标价。尽管该公司当前市值达1.51万亿美元且市盈率达272倍,InvestingPro分析指出特斯拉当前交易价格仍高于其公允价值。</p><p>Melius Research周一首次给予特斯拉"买入"评级,目标价定为520美元。虽然该目标价较当前425.46美元的股价存在显著溢价,但InvestingPro分析显示其股价已高于公允价值。</p><p style=\"text-align: start;\"></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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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财报前瞻丨特斯拉储能与软件业务持续增长,汽车端价格与相关政策仍是关键变量\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1017018787\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财报Agent </p>\n<p class=\"h-time\">2025-10-16 17:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p style=\"text-align: start;\">特斯拉计划于10月22日(美股盘后)公布2025财年第三季度财报。市场预计本季度营收与利润率将出现边际改善,但汽车端价格策略与政策变化仍可能牵动当季业绩波动。</p></blockquote><h3 id=\"id_378035506\">市场预测</h3><p style=\"text-align: start;\"><br/>市场一致预期本季度总营收约260.68亿美元,同比增长约3.52%;调整后每股收益约0.53美元,同比下降约26.38%。参照公司第二季度财报,能源发电与存储板块未来12个月预计确认约54.7亿美元的合同义务,汽车销售项下的FSD(Supervised)与维护/连接等递延收入未来12个月预计确认约8.31亿美元,这将为后续季度的收入提供一定支撑。结合二季度已披露数据,本季度毛利率预计较Q2有所修复,净利润受汽车价格/组合与监管积分减少影响仍偏谨慎,服务与其他业务的稳健增长与能源毛利韧性将起到结构性对冲。</p><h3 id=\"id_3028734678\">上季度回顾</h3><p style=\"text-align: start;\"><br/>第二季度公司总营收为224.96亿美元,同比下降11.8%;总毛利率为17.2%(去年同期为18.0%);归属于普通股股东的净利润11.72亿美元,同比下降16.3%;调整后每股收益为0.40美元,同比下降约23.1%。</p><p style=\"text-align: start;\">二季度汽车监管积分收入降至4.39亿美元(同比减少51.0%),研发投入同比增长48.0%至15.89亿美元,运营利润为9.23亿美元,同比下降42.5%,现金与短期投资合计367.82亿美元,上半年经营性现金流为46.96亿美元。</p><p style=\"text-align: start;\">业务层面,服务及其他收入30.46亿美元,同比增长16.8%,体现服务网络与相关附加业务的规模扩张与盈利支撑作用;能源发电与存储收入27.89亿美元,同比下降7.5%,但板块毛利率升至30.3%,显示成本优化带来的结构改善。</p><h3 id=\"id_2774795216\">本季度展望</h3><h4 id=\"id_3997677171\"><br/>储能业务进入收获期:成本优化驱动毛利率提升,现金流质量持续改善</h4><p style=\"text-align: start;\"><br/>能源板块的在手合同履约义务达到103.8亿美元,预计未来12个月确认约54.7亿美元,显示收入的可见性与兑现节奏较为明确。</p><p style=\"text-align: start;\">二季度能源毛利率提升至30.3%,主要受原材料成本回落与产品组合优化影响,即使Megapack平均售价有所回落,单位成本下降与交付结构改善仍支撑毛利率水平。</p><p style=\"text-align: start;\">展望本季度,如果大型储能项目的交付密度与履约进度保持顺畅,能源业务有望继续对集团毛利形成正向拉动,并在现金回笼上贡献更高质量的经营性现金流。</p><p style=\"text-align: start;\">市场也在跟踪北美与海外项目并网进度与多区域交付均衡度,单季收入与毛利的波动可能由项目节点集中确认引起,因此季度间的连续性观察比单季高点更具参考价值。结合公司在产能与项目执行侧的投入,能源板块仍是当前可见度较高的利润支点,预计在Q3‑Q4对冲汽车端的周期性压力,缓和总体利润结构的波动。</p><h4 id=\"id_1357542195\">FSD与Robotaxi驱动新商业模式,软件服务成高毛利增长新范式</h4><p style=\"text-align: start;\"><br/>公司披露与软件相关的递延收入持续增加,汽车销售项下的FSD(Supervised)与维护/连接等递延收入余额约37.5亿美元,预计未来12个月确认约8.31亿美元。递延收入释放会直接贡献当季营收与毛利,且软件与服务边际成本更低,能够改善总体利润结构与现金流质量。</p><p style=\"text-align: start;\">6月在奥斯汀上线的Robotaxi服务已提供初步的车队化与平台化场景验证,随着网络扩容与配套完善(保洁维护、充电、安保、远程运营与车队管理等),软件与服务收入占比有望提高,并通过更高车辆利用率摊薄固定成本。</p><p style=\"text-align: start;\">市场关注本季度软件功能迭代速度与订阅渗透率提升的协同效应,如果FSD相关功能包的活跃订阅与一次性确认形成良好平衡,递延收入的释放将对毛利率产生支点作用。结合公司强调以正向经营现金流与充裕的现金与投资余额推进AI训练与推理基础设施建设,本季度若在功能迭代与区域放量上取得进展,软件与服务类收入的高毛利特征将更显著,提升整体盈利结构的可持续性。</p><h4 id=\"id_3940661091\">汽车毛利承压,政策变化致监管积分收入回落,服务业务增长展现韧性</h4><p style=\"text-align: start;\"><br/>二季度汽车板块毛利率降至17.2%(去年同期为18.5%),主要受产品组合与平均售价走低以及监管积分收入减少影响。政策端出现新的不确定性,今年7月生效的相关法案调整了燃油经济性与税收抵免的罚则,导致监管积分销售与成本结构发生变化,二季度末汽车监管积分相关的剩余履约义务较一季度减少约11亿美元。</p><p style=\"text-align: start;\">贸易与关税变化可能抬升电池等关键材料的输入成本,压制终端需求与盈利能力,尤其是在欧洲需求偏弱与中国竞争加剧的背景下。美国税收抵免截至9月底的到期效应可能在三季度形成一定的购车前置,从而对交付与收入有所支撑,但这一因素对第四季度的需求边际影响需谨慎评估。</p><p style=\"text-align: start;\">另一方面,服务及其他收入保持韧性,二季度同比增长16.8%至30.46亿美元,体现售后与网络层面的稳定贡献,对整车业务波动形成一定对冲。本季度若价格策略趋于稳健,叠加制造成本继续优化、交付结构改善,以及德州工厂Cybercab建设推进带来的运营效率提升,汽车业务的利润弹性仍取决于价格/成本的动态平衡与区域交付结构的调和,市场亦将关注欧洲销量的修复迹象与中国市场新品(如六座版Model Y L)对结构的带动。</p><h4 id=\"id_1183929019\">资本开支继续增加,特斯拉加码AI与全球产能</h4><p style=\"text-align: start;\"><br/>管理层预计2025年资本开支超过90亿美元,投向AI训练/推理基础设施、全球工厂扩建、设备与新产品导入,节奏随项目里程碑与宏观变化动态调整。二季度利息收入为3.92亿美元,同比增长12.6%,其他净收益为3.20亿美元,较去年同期的净支出改善,受数字资产公允价值变动与汇兑影响。</p><p style=\"text-align: start;\">公司预计继续保持经营性现金流为正,截至二季度末尚有约50亿美元的已承诺未动用授信额度,叠加367.82亿美元的现金及短期投资,为高强度投入与新业务拓展提供缓冲。</p><p style=\"text-align: start;\">若本季度能源与软件递延收入的确认节奏稳定,将对经营性现金流与自由现金流质量产生正向作用,帮助公司在维持投入强度的同时,控制短期利润波动与长期价值打造的张力。另一方面,资本开支在AI、网络与新车型之间的边际分配,将影响未来软件/服务收入占比与单位资本效率的改善路径,市场预期公司将更强调高毛利、低资本强度的收入扩张来提高整体现金流的稳健性。</p><h4 id=\"id_2744423593\">NACS普及驱动充电网络扩容,Cybercab建设铺垫Robotaxi规模化</h4><p style=\"text-align: start;\"><br/>工厂正为今年晚些时候的新车型发布做准备,德州工厂Cybercab处于建设阶段,服务驱动的业务模式正在推进。随着更多车企采用NACS标准,超级充电网络需进一步扩容以满足跨品牌使用需求,服务及其他业务的增长路径更加清晰。网络扩容与车队运营的协同,一方面提升增量车辆的使用效率,另一方面为软件与服务的变现创造更丰富的应用场景。</p><p style=\"text-align: start;\">本季度若在车队化运营与充电网络的资源配置上实现更高密度与更优调度,将有助于降低收入结构对整车业务的依赖度,缓释利润随汽车价格/成本的波动,并为后续Robotaxi规模化预备运维能力与数据闭环。结合奥斯汀试点的经验,市场也在观察车队维护能力、客户体验与安全合规的迭代速度,以评估服务驱动模式在不同城市的推广可行性与单位经济模型。</p><h3 id=\"id_2639989853\">分析师观点</h3><p>法国巴黎银行Exane首次覆盖特斯拉便给出"跑输大盘"评级,目标价定为307美元,暗示较当前水平存在约30%下行空间。根据InvestingPro公允价值分析,该股目前以258.59倍市盈率的高估值交易,呈现高估态势。</p><p style=\"text-align: start;\">摩根士丹利在特斯拉公布第三季度交付数据后,重申"超配"评级及410美元目标价。尽管该公司当前市值达1.51万亿美元且市盈率达272倍,InvestingPro分析指出特斯拉当前交易价格仍高于其公允价值。</p><p>Melius Research周一首次给予特斯拉"买入"评级,目标价定为520美元。虽然该目标价较当前425.46美元的股价存在显著溢价,但InvestingPro分析显示其股价已高于公允价值。</p><p style=\"text-align: start;\"></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ce341a37ec246076069133285a132978","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165933047","content_text":"特斯拉计划于10月22日(美股盘后)公布2025财年第三季度财报。市场预计本季度营收与利润率将出现边际改善,但汽车端价格策略与政策变化仍可能牵动当季业绩波动。市场预测市场一致预期本季度总营收约260.68亿美元,同比增长约3.52%;调整后每股收益约0.53美元,同比下降约26.38%。参照公司第二季度财报,能源发电与存储板块未来12个月预计确认约54.7亿美元的合同义务,汽车销售项下的FSD(Supervised)与维护/连接等递延收入未来12个月预计确认约8.31亿美元,这将为后续季度的收入提供一定支撑。结合二季度已披露数据,本季度毛利率预计较Q2有所修复,净利润受汽车价格/组合与监管积分减少影响仍偏谨慎,服务与其他业务的稳健增长与能源毛利韧性将起到结构性对冲。上季度回顾第二季度公司总营收为224.96亿美元,同比下降11.8%;总毛利率为17.2%(去年同期为18.0%);归属于普通股股东的净利润11.72亿美元,同比下降16.3%;调整后每股收益为0.40美元,同比下降约23.1%。二季度汽车监管积分收入降至4.39亿美元(同比减少51.0%),研发投入同比增长48.0%至15.89亿美元,运营利润为9.23亿美元,同比下降42.5%,现金与短期投资合计367.82亿美元,上半年经营性现金流为46.96亿美元。业务层面,服务及其他收入30.46亿美元,同比增长16.8%,体现服务网络与相关附加业务的规模扩张与盈利支撑作用;能源发电与存储收入27.89亿美元,同比下降7.5%,但板块毛利率升至30.3%,显示成本优化带来的结构改善。本季度展望储能业务进入收获期:成本优化驱动毛利率提升,现金流质量持续改善能源板块的在手合同履约义务达到103.8亿美元,预计未来12个月确认约54.7亿美元,显示收入的可见性与兑现节奏较为明确。二季度能源毛利率提升至30.3%,主要受原材料成本回落与产品组合优化影响,即使Megapack平均售价有所回落,单位成本下降与交付结构改善仍支撑毛利率水平。展望本季度,如果大型储能项目的交付密度与履约进度保持顺畅,能源业务有望继续对集团毛利形成正向拉动,并在现金回笼上贡献更高质量的经营性现金流。市场也在跟踪北美与海外项目并网进度与多区域交付均衡度,单季收入与毛利的波动可能由项目节点集中确认引起,因此季度间的连续性观察比单季高点更具参考价值。结合公司在产能与项目执行侧的投入,能源板块仍是当前可见度较高的利润支点,预计在Q3‑Q4对冲汽车端的周期性压力,缓和总体利润结构的波动。FSD与Robotaxi驱动新商业模式,软件服务成高毛利增长新范式公司披露与软件相关的递延收入持续增加,汽车销售项下的FSD(Supervised)与维护/连接等递延收入余额约37.5亿美元,预计未来12个月确认约8.31亿美元。递延收入释放会直接贡献当季营收与毛利,且软件与服务边际成本更低,能够改善总体利润结构与现金流质量。6月在奥斯汀上线的Robotaxi服务已提供初步的车队化与平台化场景验证,随着网络扩容与配套完善(保洁维护、充电、安保、远程运营与车队管理等),软件与服务收入占比有望提高,并通过更高车辆利用率摊薄固定成本。市场关注本季度软件功能迭代速度与订阅渗透率提升的协同效应,如果FSD相关功能包的活跃订阅与一次性确认形成良好平衡,递延收入的释放将对毛利率产生支点作用。结合公司强调以正向经营现金流与充裕的现金与投资余额推进AI训练与推理基础设施建设,本季度若在功能迭代与区域放量上取得进展,软件与服务类收入的高毛利特征将更显著,提升整体盈利结构的可持续性。汽车毛利承压,政策变化致监管积分收入回落,服务业务增长展现韧性二季度汽车板块毛利率降至17.2%(去年同期为18.5%),主要受产品组合与平均售价走低以及监管积分收入减少影响。政策端出现新的不确定性,今年7月生效的相关法案调整了燃油经济性与税收抵免的罚则,导致监管积分销售与成本结构发生变化,二季度末汽车监管积分相关的剩余履约义务较一季度减少约11亿美元。贸易与关税变化可能抬升电池等关键材料的输入成本,压制终端需求与盈利能力,尤其是在欧洲需求偏弱与中国竞争加剧的背景下。美国税收抵免截至9月底的到期效应可能在三季度形成一定的购车前置,从而对交付与收入有所支撑,但这一因素对第四季度的需求边际影响需谨慎评估。另一方面,服务及其他收入保持韧性,二季度同比增长16.8%至30.46亿美元,体现售后与网络层面的稳定贡献,对整车业务波动形成一定对冲。本季度若价格策略趋于稳健,叠加制造成本继续优化、交付结构改善,以及德州工厂Cybercab建设推进带来的运营效率提升,汽车业务的利润弹性仍取决于价格/成本的动态平衡与区域交付结构的调和,市场亦将关注欧洲销量的修复迹象与中国市场新品(如六座版Model Y L)对结构的带动。资本开支继续增加,特斯拉加码AI与全球产能管理层预计2025年资本开支超过90亿美元,投向AI训练/推理基础设施、全球工厂扩建、设备与新产品导入,节奏随项目里程碑与宏观变化动态调整。二季度利息收入为3.92亿美元,同比增长12.6%,其他净收益为3.20亿美元,较去年同期的净支出改善,受数字资产公允价值变动与汇兑影响。公司预计继续保持经营性现金流为正,截至二季度末尚有约50亿美元的已承诺未动用授信额度,叠加367.82亿美元的现金及短期投资,为高强度投入与新业务拓展提供缓冲。若本季度能源与软件递延收入的确认节奏稳定,将对经营性现金流与自由现金流质量产生正向作用,帮助公司在维持投入强度的同时,控制短期利润波动与长期价值打造的张力。另一方面,资本开支在AI、网络与新车型之间的边际分配,将影响未来软件/服务收入占比与单位资本效率的改善路径,市场预期公司将更强调高毛利、低资本强度的收入扩张来提高整体现金流的稳健性。NACS普及驱动充电网络扩容,Cybercab建设铺垫Robotaxi规模化工厂正为今年晚些时候的新车型发布做准备,德州工厂Cybercab处于建设阶段,服务驱动的业务模式正在推进。随着更多车企采用NACS标准,超级充电网络需进一步扩容以满足跨品牌使用需求,服务及其他业务的增长路径更加清晰。网络扩容与车队运营的协同,一方面提升增量车辆的使用效率,另一方面为软件与服务的变现创造更丰富的应用场景。本季度若在车队化运营与充电网络的资源配置上实现更高密度与更优调度,将有助于降低收入结构对整车业务的依赖度,缓释利润随汽车价格/成本的波动,并为后续Robotaxi规模化预备运维能力与数据闭环。结合奥斯汀试点的经验,市场也在观察车队维护能力、客户体验与安全合规的迭代速度,以评估服务驱动模式在不同城市的推广可行性与单位经济模型。分析师观点法国巴黎银行Exane首次覆盖特斯拉便给出\"跑输大盘\"评级,目标价定为307美元,暗示较当前水平存在约30%下行空间。根据InvestingPro公允价值分析,该股目前以258.59倍市盈率的高估值交易,呈现高估态势。摩根士丹利在特斯拉公布第三季度交付数据后,重申\"超配\"评级及410美元目标价。尽管该公司当前市值达1.51万亿美元且市盈率达272倍,InvestingPro分析指出特斯拉当前交易价格仍高于其公允价值。Melius Research周一首次给予特斯拉\"买入\"评级,目标价定为520美元。虽然该目标价较当前425.46美元的股价存在显著溢价,但InvestingPro分析显示其股价已高于公允价值。","news_type":1,"symbols_score_info":{"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":489351493923104,"gmtCreate":1760497510954,"gmtModify":1760497513027,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"呵呵","listText":"呵呵","text":"呵呵","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/489351493923104","repostId":"1126907816","repostType":2,"repost":{"id":"1126907816","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":1760497234,"share":"https://www.laohu8.com/m/news/1126907816?lang=zh_CN&edition=full","pubTime":"2025-10-15 11:00","market":"hk","language":"zh","title":"老铺黄金涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级","url":"https://stock-news.laohu8.com/highlight/detail?id=1126907816","media":"老虎资讯综合","summary":"10月15日,$老铺黄金$涨超6%!摩根大通发布研报称,近日进行了数次考察,与老铺黄金管理层、店铺经理及专家交流,发现其品牌价值提升趋势明确,因为即使在产品提价或品牌促销期结束后,消费者仍愿意在门店外排队等候入内购物。据央视网报道,靠“古法工艺”“中式审美”出圈的老铺黄金,即便今年2月、8月两次涨价,消费者依然“买账”。","content":"<html><head></head><body><p>10月15日,<a href=\"https://laohu8.com/S/06181\">老铺黄金</a>涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66508bb81d35ccbb9c7744d3fd6fe425\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>摩根大通发布研报称,近日进行了数次考察,与老铺黄金管理层、店铺经理及专家交流,发现其品牌价值提升趋势明确,因为即使在产品提价或品牌促销期结束后,消费者仍愿意在门店外排队等候入内购物。根据8月至9月份数据,该行预测老铺黄金零售销售表现将维持强劲,憧憬公司将配合节庆时间表推出更多新产品,并采用金漆技术等新工艺,以及未来持续调整门店网络,相信老铺黄金品牌价值仍然继续提升。摩通轻微调整该公司2025至2027年盈利预测,目标价由原先1294港元微升至1296港元,相当于预测2027年市盈率24倍,重申“增持”评级,列老铺黄金为中国消费行业的首选股之一。</p><p style=\"text-align: justify;\">据央视网报道,靠“古法工艺”“中式审美”出圈的老铺黄金,即便今年2月、8月两次涨价,消费者依然“买账”。北京SKP商场老铺黄金专柜销售人员小周介绍,单品价格多在1至6万元之间,根据工艺和结合材料的不同,换算成克价约在1200到1700元,小克重产品单克的价格甚至超过2000元。</p></body></html>","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>老铺黄金涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级</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{ 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}\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老铺黄金涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级\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\">2025-10-15 11:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>10月15日,<a href=\"https://laohu8.com/S/06181\">老铺黄金</a>涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66508bb81d35ccbb9c7744d3fd6fe425\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>摩根大通发布研报称,近日进行了数次考察,与老铺黄金管理层、店铺经理及专家交流,发现其品牌价值提升趋势明确,因为即使在产品提价或品牌促销期结束后,消费者仍愿意在门店外排队等候入内购物。根据8月至9月份数据,该行预测老铺黄金零售销售表现将维持强劲,憧憬公司将配合节庆时间表推出更多新产品,并采用金漆技术等新工艺,以及未来持续调整门店网络,相信老铺黄金品牌价值仍然继续提升。摩通轻微调整该公司2025至2027年盈利预测,目标价由原先1294港元微升至1296港元,相当于预测2027年市盈率24倍,重申“增持”评级,列老铺黄金为中国消费行业的首选股之一。</p><p style=\"text-align: justify;\">据央视网报道,靠“古法工艺”“中式审美”出圈的老铺黄金,即便今年2月、8月两次涨价,消费者依然“买账”。北京SKP商场老铺黄金专柜销售人员小周介绍,单品价格多在1至6万元之间,根据工艺和结合材料的不同,换算成克价约在1200到1700元,小克重产品单克的价格甚至超过2000元。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","BK1544":"黄金股","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","BK4566":"资本集团","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS 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ACC"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126907816","content_text":"10月15日,老铺黄金涨超6%!小摩指其品牌价值提升趋势明确,重申“增持”评级。摩根大通发布研报称,近日进行了数次考察,与老铺黄金管理层、店铺经理及专家交流,发现其品牌价值提升趋势明确,因为即使在产品提价或品牌促销期结束后,消费者仍愿意在门店外排队等候入内购物。根据8月至9月份数据,该行预测老铺黄金零售销售表现将维持强劲,憧憬公司将配合节庆时间表推出更多新产品,并采用金漆技术等新工艺,以及未来持续调整门店网络,相信老铺黄金品牌价值仍然继续提升。摩通轻微调整该公司2025至2027年盈利预测,目标价由原先1294港元微升至1296港元,相当于预测2027年市盈率24倍,重申“增持”评级,列老铺黄金为中国消费行业的首选股之一。据央视网报道,靠“古法工艺”“中式审美”出圈的老铺黄金,即便今年2月、8月两次涨价,消费者依然“买账”。北京SKP商场老铺黄金专柜销售人员小周介绍,单品价格多在1至6万元之间,根据工艺和结合材料的不同,换算成克价约在1200到1700元,小克重产品单克的价格甚至超过2000元。","news_type":1,"symbols_score_info":{"JPM":0.9,"06181":1}},"isVote":1,"tweetType":1,"viewCount":1471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":488749046464648,"gmtCreate":1760350857512,"gmtModify":1760350859586,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"全都疯了...","listText":"全都疯了...","text":"全都疯了...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/488749046464648","repostId":"1131133056","repostType":2,"repost":{"id":"1131133056","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":1760350766,"share":"https://www.laohu8.com/m/news/1131133056?lang=zh_CN&edition=full","pubTime":"2025-10-13 18:19","market":"us","language":"zh","title":"盘前异动 | Solidion Technology 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统","url":"https://stock-news.laohu8.com/highlight/detail?id=1131133056","media":"老虎资讯综合","summary":"Solidion Technology 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统。Solidion Technology Inc为一家先进电池技术解决方案供应商,今日宣布开发出专为快速扩张的人工智能(AI)数据中心市场设计的下一代不间断电源(UPS)系统。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/STI\">Solidion Technology Inc.</a> 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e84e554de30351283c6bdda93fb614a1\" title=\"\" tg-width=\"1170\" tg-height=\"1087\"/></p><p>Solidion Technology Inc为一家先进电池技术解决方案供应商,今日宣布开发出专为快速扩张的人工智能(AI)数据中心市场设计的下一代不间断电源(UPS)系统。</p><p>Solidion首席执行官Jaymes Winters表示:"AI数据中心是全球电力基础设施市场中要求最严苛、增长最迅猛的领域之一。我们的PEAK系列直接应对行业对紧凑型、高效率及可持续备用电源解决方案的需求,助力客户满足AI工作负载呈指数级增长的电能需求。"</p></body></html>","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 | Solidion Technology 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统</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盘前异动 | Solidion Technology 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统\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\">2025-10-13 18:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/STI\">Solidion Technology Inc.</a> 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e84e554de30351283c6bdda93fb614a1\" title=\"\" tg-width=\"1170\" tg-height=\"1087\"/></p><p>Solidion Technology Inc为一家先进电池技术解决方案供应商,今日宣布开发出专为快速扩张的人工智能(AI)数据中心市场设计的下一代不间断电源(UPS)系统。</p><p>Solidion首席执行官Jaymes Winters表示:"AI数据中心是全球电力基础设施市场中要求最严苛、增长最迅猛的领域之一。我们的PEAK系列直接应对行业对紧凑型、高效率及可持续备用电源解决方案的需求,助力客户满足AI工作负载呈指数级增长的电能需求。"</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"STI":"Solidion Technology Inc."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131133056","content_text":"Solidion Technology Inc. 盘前大涨超50%!推出专为AI数据中心打造的先进UPS电池系统。Solidion Technology Inc为一家先进电池技术解决方案供应商,今日宣布开发出专为快速扩张的人工智能(AI)数据中心市场设计的下一代不间断电源(UPS)系统。Solidion首席执行官Jaymes Winters表示:\"AI数据中心是全球电力基础设施市场中要求最严苛、增长最迅猛的领域之一。我们的PEAK系列直接应对行业对紧凑型、高效率及可持续备用电源解决方案的需求,助力客户满足AI工作负载呈指数级增长的电能需求。\"","news_type":1,"symbols_score_info":{"STI":1.1}},"isVote":1,"tweetType":1,"viewCount":863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":486310185345136,"gmtCreate":1759757042883,"gmtModify":1759758628968,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"卧槽!","listText":"卧槽!","text":"卧槽!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/486310185345136","repostId":"1117912765","repostType":2,"repost":{"id":"1117912765","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":1759756295,"share":"https://www.laohu8.com/m/news/1117912765?lang=zh_CN&edition=full","pubTime":"2025-10-06 21:11","market":"us","language":"zh","title":"Spruce Biosciences盘前飙升超300%,公司获得突破性疗法认定","url":"https://stock-news.laohu8.com/highlight/detail?id=1117912765","media":"老虎资讯综合","summary":"获得FDA突破性疗法认定。","content":"<html><head></head><body><p>周一,<a href=\"https://laohu8.com/S/SPRB\">Spruce Biosciences, Inc.</a> 盘前一度飙升超300%,截至发稿仍涨超290%。<strong>公司的Tralesinidase Alfa酶替代疗法(Ta-Ert)获得FDA突破性疗法认定。</strong></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f4794d4ca9239ff9c8472649a7b3402\" tg-width=\"745\" tg-height=\"435\"/></p><p></p></body></html>","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>Spruce Biosciences盘前飙升超300%,公司获得突破性疗法认定</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\">\nSpruce Biosciences盘前飙升超300%,公司获得突破性疗法认定\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\">2025-10-06 21:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周一,<a href=\"https://laohu8.com/S/SPRB\">Spruce Biosciences, Inc.</a> 盘前一度飙升超300%,截至发稿仍涨超290%。<strong>公司的Tralesinidase Alfa酶替代疗法(Ta-Ert)获得FDA突破性疗法认定。</strong></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f4794d4ca9239ff9c8472649a7b3402\" tg-width=\"745\" tg-height=\"435\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/834a7c860b61f7246c35ab4c388d5f14","relate_stocks":{"SPRB":"Spruce Biosciences, Inc."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117912765","content_text":"周一,Spruce Biosciences, Inc. 盘前一度飙升超300%,截至发稿仍涨超290%。公司的Tralesinidase Alfa酶替代疗法(Ta-Ert)获得FDA突破性疗法认定。","news_type":1,"symbols_score_info":{"SPRB":1.1}},"isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":483637307125840,"gmtCreate":1759103974440,"gmtModify":1759103976745,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"巴老爷子老了...","listText":"巴老爷子老了...","text":"巴老爷子老了...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/483637307125840","repostId":"1145000178","repostType":2,"repost":{"id":"1145000178","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":1759103217,"share":"https://www.laohu8.com/m/news/1145000178?lang=zh_CN&edition=full","pubTime":"2025-09-29 07:46","market":"us","language":"zh","title":"“巴菲特指标”突破200%警戒线!美股估值超越“玩火”水平,但也有观点认为这一指标已“过时”","url":"https://stock-news.laohu8.com/highlight/detail?id=1145000178","media":"老虎资讯综合","summary":"在2001年《财富》杂志的一篇专栏中,巴菲特称这一指标“可能是判断任何时点估值水平的最佳单一衡量标准”。如今,这一指标高达217%,远超互联网泡沫时期的峰值,也超过了2021年疫情时期股市狂热时达到的190%。不过,也有人认为巴菲特指标的意义已不如从前。巴菲特本人已经多年未对这一指标发表评论。","content":"<html><head></head><body><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e109fc409f8ab806263cd73c30381e11\" tg-width=\"790\" tg-height=\"457\"/></p><p>沃伦·巴菲特(Warren Buffett)曾经最钟爱的股市估值指标如今攀升至历史新高,再次引发担忧:投资者是否又在考验市场狂热的极限。</p><p>这个指标被称为<strong>巴菲特指标(Buffett Indicator)</strong>,它衡量美国上市公司股票总市值(以威尔希尔5000指数为代表)与美国国民生产总值(GNP)的比值。在2001年《财富》杂志的一篇专栏中,巴菲特称这一指标“可能是判断任何时点估值水平的最佳单一衡量标准”。该指标也曾被包括保罗·都铎·琼斯(Paul Tudor Jones)在内的知名投资者引用。</p><p>巴菲特在2001年的一次演讲(后被《财富》摘录)中表示:“如果这一比例降到70%或80%左右,买股票对你来说可能非常划算。”他还警告说,“如果这一比例接近200%——就像在1999年和2000年一部分时间那样——你就是在玩火。”</p><p>如今,这一指标高达<strong>217%</strong>,远超互联网泡沫时期的峰值,也超过了2021年疫情时期股市狂热时达到的190%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05991784bdadcde4267d380d0282eafc\" tg-width=\"715\" tg-height=\"469\"/></p><p>按照这一标准,今天的美国股市正进入前所未有的水域:股票市值的扩张速度远超美国整体经济的增长。推动这波行情的主要是<strong>超大市值科技公司</strong>,它们在人工智能领域投入数十亿美元研发,并因新时代的增长前景而获得高估值倍数。</p><p>其他估值指标也在释放类似信号。根据Bespoke Investment Group的数据,标普500指数的市销率(P/S)近期升至<strong>3.33</strong>,创下历史新高。相比之下,2000年互联网泡沫时期的峰值仅为<strong>2.27</strong>,而新冠疫情后的繁荣则达到<strong>3.21</strong>后才回落。</p><p>不过,也有人认为巴菲特指标的意义已不如从前。过去20年,美国经济发生了巨大变化,越来越少依赖有形资产,而是更多依靠<strong>科技、软件和知识产权</strong>驱动。</p><p>在这种情况下,GDP和GNP可能低估了一个建立在数据网络和创新之上的经济体的价值。因此,全球最具生产力和创新力的美国经济,或许能够支撑更高的股票估值。</p><p>巴菲特本人已经多年未对这一指标发表评论。但他在伯克希尔·哈撒韦(Berkshire Hathaway)过去两年持续构筑现金“堡垒”,同时准备把CEO职位交给格雷格·阿贝尔(Greg Abel)。公司第二季度财报显示,伯克希尔现金储备已达<strong>3441亿美元</strong>,且连续第11个季度净卖出股票。</p><p>即便这一指标可能已“过时”,但结合“奥马哈先知”当前的谨慎布局,如今飙升至极端水平的巴菲特指标,仍必然会引起市场的高度关注。</p></body></html>","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>“巴菲特指标”突破200%警戒线!美股估值超越“玩火”水平,但也有观点认为这一指标已“过时”</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“巴菲特指标”突破200%警戒线!美股估值超越“玩火”水平,但也有观点认为这一指标已“过时”\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\">2025-09-29 07:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e109fc409f8ab806263cd73c30381e11\" tg-width=\"790\" tg-height=\"457\"/></p><p>沃伦·巴菲特(Warren Buffett)曾经最钟爱的股市估值指标如今攀升至历史新高,再次引发担忧:投资者是否又在考验市场狂热的极限。</p><p>这个指标被称为<strong>巴菲特指标(Buffett Indicator)</strong>,它衡量美国上市公司股票总市值(以威尔希尔5000指数为代表)与美国国民生产总值(GNP)的比值。在2001年《财富》杂志的一篇专栏中,巴菲特称这一指标“可能是判断任何时点估值水平的最佳单一衡量标准”。该指标也曾被包括保罗·都铎·琼斯(Paul Tudor Jones)在内的知名投资者引用。</p><p>巴菲特在2001年的一次演讲(后被《财富》摘录)中表示:“如果这一比例降到70%或80%左右,买股票对你来说可能非常划算。”他还警告说,“如果这一比例接近200%——就像在1999年和2000年一部分时间那样——你就是在玩火。”</p><p>如今,这一指标高达<strong>217%</strong>,远超互联网泡沫时期的峰值,也超过了2021年疫情时期股市狂热时达到的190%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05991784bdadcde4267d380d0282eafc\" tg-width=\"715\" tg-height=\"469\"/></p><p>按照这一标准,今天的美国股市正进入前所未有的水域:股票市值的扩张速度远超美国整体经济的增长。推动这波行情的主要是<strong>超大市值科技公司</strong>,它们在人工智能领域投入数十亿美元研发,并因新时代的增长前景而获得高估值倍数。</p><p>其他估值指标也在释放类似信号。根据Bespoke Investment Group的数据,标普500指数的市销率(P/S)近期升至<strong>3.33</strong>,创下历史新高。相比之下,2000年互联网泡沫时期的峰值仅为<strong>2.27</strong>,而新冠疫情后的繁荣则达到<strong>3.21</strong>后才回落。</p><p>不过,也有人认为巴菲特指标的意义已不如从前。过去20年,美国经济发生了巨大变化,越来越少依赖有形资产,而是更多依靠<strong>科技、软件和知识产权</strong>驱动。</p><p>在这种情况下,GDP和GNP可能低估了一个建立在数据网络和创新之上的经济体的价值。因此,全球最具生产力和创新力的美国经济,或许能够支撑更高的股票估值。</p><p>巴菲特本人已经多年未对这一指标发表评论。但他在伯克希尔·哈撒韦(Berkshire Hathaway)过去两年持续构筑现金“堡垒”,同时准备把CEO职位交给格雷格·阿贝尔(Greg Abel)。公司第二季度财报显示,伯克希尔现金储备已达<strong>3441亿美元</strong>,且连续第11个季度净卖出股票。</p><p>即便这一指标可能已“过时”,但结合“奥马哈先知”当前的谨慎布局,如今飙升至极端水平的巴菲特指标,仍必然会引起市场的高度关注。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e109fc409f8ab806263cd73c30381e11","relate_stocks":{"SPY":"标普500ETF","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145000178","content_text":"沃伦·巴菲特(Warren Buffett)曾经最钟爱的股市估值指标如今攀升至历史新高,再次引发担忧:投资者是否又在考验市场狂热的极限。这个指标被称为巴菲特指标(Buffett Indicator),它衡量美国上市公司股票总市值(以威尔希尔5000指数为代表)与美国国民生产总值(GNP)的比值。在2001年《财富》杂志的一篇专栏中,巴菲特称这一指标“可能是判断任何时点估值水平的最佳单一衡量标准”。该指标也曾被包括保罗·都铎·琼斯(Paul Tudor Jones)在内的知名投资者引用。巴菲特在2001年的一次演讲(后被《财富》摘录)中表示:“如果这一比例降到70%或80%左右,买股票对你来说可能非常划算。”他还警告说,“如果这一比例接近200%——就像在1999年和2000年一部分时间那样——你就是在玩火。”如今,这一指标高达217%,远超互联网泡沫时期的峰值,也超过了2021年疫情时期股市狂热时达到的190%。按照这一标准,今天的美国股市正进入前所未有的水域:股票市值的扩张速度远超美国整体经济的增长。推动这波行情的主要是超大市值科技公司,它们在人工智能领域投入数十亿美元研发,并因新时代的增长前景而获得高估值倍数。其他估值指标也在释放类似信号。根据Bespoke Investment Group的数据,标普500指数的市销率(P/S)近期升至3.33,创下历史新高。相比之下,2000年互联网泡沫时期的峰值仅为2.27,而新冠疫情后的繁荣则达到3.21后才回落。不过,也有人认为巴菲特指标的意义已不如从前。过去20年,美国经济发生了巨大变化,越来越少依赖有形资产,而是更多依靠科技、软件和知识产权驱动。在这种情况下,GDP和GNP可能低估了一个建立在数据网络和创新之上的经济体的价值。因此,全球最具生产力和创新力的美国经济,或许能够支撑更高的股票估值。巴菲特本人已经多年未对这一指标发表评论。但他在伯克希尔·哈撒韦(Berkshire Hathaway)过去两年持续构筑现金“堡垒”,同时准备把CEO职位交给格雷格·阿贝尔(Greg Abel)。公司第二季度财报显示,伯克希尔现金储备已达3441亿美元,且连续第11个季度净卖出股票。即便这一指标可能已“过时”,但结合“奥马哈先知”当前的谨慎布局,如今飙升至极端水平的巴菲特指标,仍必然会引起市场的高度关注。","news_type":1,"symbols_score_info":{"SPY":1.1,"BRK.B":1.1,"BRK.A":1.1}},"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":477502341677456,"gmtCreate":1757587237384,"gmtModify":1757587238553,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ORCL\">$甲骨文(ORCL)$ </a> 请晒出你的持仓吧!让我们做朋友可否![财迷] [财迷] ","listText":"<a href=\"https://laohu8.com/S/ORCL\">$甲骨文(ORCL)$ </a> 请晒出你的持仓吧!让我们做朋友可否![财迷] [财迷] ","text":"$甲骨文(ORCL)$ 请晒出你的持仓吧!让我们做朋友可否![财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/477502341677456","isVote":1,"tweetType":1,"viewCount":1480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":476999128904312,"gmtCreate":1757476731397,"gmtModify":1757476733322,"author":{"id":"3545737789066182","authorId":"3545737789066182","name":"昨夜梦见你","avatar":"https://static.tigerbbs.com/946db8818ec39ea6c860bbfe06e8677b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3545737789066182","idStr":"3545737789066182"},"themes":[],"htmlText":"好戏又要上演啦[财迷] [财迷] ","listText":"好戏又要上演啦[财迷] [财迷] ","text":"好戏又要上演啦[财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/476999128904312","repostId":"1125631865","repostType":2,"repost":{"id":"1125631865","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":1757476398,"share":"https://www.laohu8.com/m/news/1125631865?lang=zh_CN&edition=full","pubTime":"2025-09-10 11:53","market":"us","language":"zh","title":"法拉第未来已顺利完成纳斯达克为期一年的“合规监督期”","url":"https://stock-news.laohu8.com/highlight/detail?id=1125631865","media":"老虎资讯综合","summary":"9月10日,美股夜盘时段,法拉第未来涨超5%!已顺利完成纳斯达克为期一年的“合规监督期”,期间完全满足各项合规要求,现已恢复为“完全正常的上市公司状态”。","content":"<html><head></head><body><p>9月10日,美股夜盘时段,法拉第未来涨超5%!已顺利完成纳斯达克为期一年的“合规监督期”,期间完全满足各项合规要求,现已恢复为“完全正常的上市公司状态”。</p><p class=\"t-img-caption\"><img 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11:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>9月10日,美股夜盘时段,法拉第未来涨超5%!已顺利完成纳斯达克为期一年的“合规监督期”,期间完全满足各项合规要求,现已恢复为“完全正常的上市公司状态”。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92ee9035e18f1bf043b96cb335e3da79\" tg-width=\"585\" tg-height=\"750\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80d551b5ee6e009447f25492f18bb3cd\" title=\"\" tg-width=\"837\" tg-height=\"828\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/78ac86bdab506d9898920e00d5d818b2","relate_stocks":{"FFAI":"Faraday Future Intelligent Electric 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