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洪文馆
08-08
$哔哩哔哩(BILI)$
洪文馆
05-01
瑞幸咖啡(LKNCY)持仓深度评估与风险提示
一、持仓分析 持仓概况 持有数量:77股,占总投资组合的 49.81% (显著集中)。 平均成本:32.64美元,当前股价32.77美元, 浮盈0.4% (约10.11美元)。 持仓周期:1天(短期交易特征)。 市场表现 最新股价:32.77美元(2025-05-01),较前日下跌4.18%,日内波动幅度5.5%(低至32.37,高至34.25美元)。 52周区间:17.28~38.03美元,当前处于中位水平,但近期股价接近年内低点(距高点-13.8%)。 估值指标: 市盈率(TTM) :25.99倍(行业平均约20倍,估值偏高); 市净率:5.80倍(反映市场对品牌溢价预期较高); 机构目标价:均值36.88美元(潜在上行空间12.5%)。 二、基本面与新闻动态 财务数据 2025Q1业绩:营收同比下降8.9%,净利润同比增长39.5%(成本优化或非经常性收益驱动)。 盈利能力:ROE 25.75%、ROA 10.26%(运营效率较高,但需关注持续性)。 现金流:近5日资本流动波动较大(04-28单日流入450万,但整体呈净流出趋势)。 行业与竞争 市场扩张:计划通过海南自贸港布局国际市场,但面临星巴克、本土新品牌(如霸王茶姬)的双向竞争压力。 消费渗透率:中国城市居民年均咖啡消费量仅20杯(日韩/美国超300杯),长期增长空间大但短期增速可能放缓。 风险事件 政策风险:反洗钱监管趋严(央行近期通报券商问题,或间接影响市场流动性)。 供应链压力:椰子原料需求激增(日销超200万杯生椰系列),供应链稳定性存疑。 三、风险评估与建议 核心风险 仓位集中度过高:单一股票占比近50%,组合波动性风险极大。 估值回调压力:当前PE/PB均高于行业均值,若业绩不及预期或市场情绪转弱,股价承压。 竞争加剧:低价策略可持续性存疑,新品牌分流用户风险上升。 操作建议 短期(1-3个月) :
瑞幸咖啡(LKNCY)持仓深度评估与风险提示
洪文馆
05-01
$瑞幸咖啡(LKNCY)$
洪文馆
2021-11-11
加油吧,看好这只票
洪文馆
2021-05-03
这篇文章不错,转发给大家看看
@美股投资网:市场是由做市商和零售交易者这两个参与者组成的,做市商是银行和大金融机构,这些参与者是市场中最活跃的参与者,他们控制和操.纵市场,并随时随地推动价格。通过识别银行和大机构的交易方式,我们可以跟随他们的足迹的赚钱。如果你不知道市场如何运作,那么你将永远找不到能持续获利的方法。文章有点长,可以看视频。 如果我是机构投资者,要想做一支股票,首先我会经过大量的筛选,研究很多股的基本面,然后筛选出一定范围的几只股票,找到一支大小合适,有故事和炒作空间的股票。然后跟公司高级管理层接洽,找到愿意配合的公司,最后开始择机建仓。如何配合呢? 就是在我吸酬时,在财报时尽量将业绩放平,或者适当隐藏利润,这一点公司很容易做到,只要对报表进行适当调整就行了,例如,将某些损益一个季度提完,使报表看上去亏损;或者将后面数年的费用半年摊完,因为摊销和预收款之类的项目非常容易调整。经过一些调整后,使得公司财报并不引人注目,甚至让你对这家公司丧失信心,怀疑其成长性。这样就可以避免在砸盘过程中让一些重视基本面价值投资的投资者入场。01砸盘阶段在吸筹之前,我肯定是要进一些筹码的,也不用多,因为这些筹码主要用来砸盘的。怎么收集这些砸盘的筹码?我不会每天慢慢去收集,因为这样会使股票天天上涨,给人造成一种这票趋势不错啊的感觉,还能涨,反而难以收到足够的筹码,还容易被散户抢酬,使自己收集成本提高。比如来一个一天暴涨10%,20%,很多获利盘就出逃了。又或者在市场制作很多陷阱,诱导散户做空,通过砸盘来获得足够的低成本筹码。第二天来个低开。为什么要低开而不高开,因为我昨天收集的筹码并不准备获利,而且要让昨天追风进去的短线筹码帮我砸盘。在这个下跌途中,我将逐步用单托底,因为我要形成自己的底仓。经过几天的连续下跌,有些割肉的筹码就会回补自己的仓位,这时候我不能让他们回补,我必须迅速的吃上去让他们追风,当形成追风盘时,我将
洪文馆
2021-04-11
这篇文章不错,转发给大家看看
@美股投资网: 金融市场只赚不赔的生意,Virtu Financial,全球最大的高频交易和做市商之一,曾经做到了4年只有1天亏损的成绩,那么它是如何做到的呢?高频交易又是如何“偷走” ...
洪文馆
2021-03-26
这篇文章不错,转发给大家看看
抱歉,原内容已删除
洪文馆
2021-03-18
$Neos Therapeutics, Inc.(NEOS)$
看好你
洪文馆
2021-03-02
$Guardion Health Sciences(GHSI)$
潜伏到啦哈哈
洪文馆
2021-02-27
今年最牛,抓紧上车,大盘都没拉下来
洪文馆
2021-02-12
这篇文章不错,转发给大家看看
抱歉,原内容已删除
洪文馆
2021-02-12
大牛股来袭[开心]
洪文馆
2021-02-11
$Sundial Growers Inc.(SNDL)$
还是那句话,拿得住不错操作你才牛。
洪文馆
2021-02-11
$Sundial Growers Inc.(SNDL)$
有在等第一个1000%吗?
洪文馆
2021-02-11
$Sundial Growers Inc.(SNDL)$
好数字
洪文馆
2021-02-11
$Sundial Growers Inc.(SNDL)$
新年happly
洪文馆
2021-02-11
这个价最后的机会了[得意]
洪文馆
2021-02-11
$Sundial Growers Inc.(SNDL)$
[财迷] [财迷] [财迷] [财迷] [财迷]
洪文馆
2021-02-11
可以上车,看好你
洪文馆
2021-02-10
$Sundial Growers Inc.(SNDL)$
如何是好[得意]
去老虎APP查看更多动态
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"htmlText":"<a 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平均成本:32.64美元,当前股价32.77美元, 浮盈0.4% (约10.11美元)。 持仓周期:1天(短期交易特征)。 市场表现 最新股价:32.77美元(2025-05-01),较前日下跌4.18%,日内波动幅度5.5%(低至32.37,高至34.25美元)。 52周区间:17.28~38.03美元,当前处于中位水平,但近期股价接近年内低点(距高点-13.8%)。 估值指标: 市盈率(TTM) :25.99倍(行业平均约20倍,估值偏高); 市净率:5.80倍(反映市场对品牌溢价预期较高); 机构目标价:均值36.88美元(潜在上行空间12.5%)。 二、基本面与新闻动态 财务数据 2025Q1业绩:营收同比下降8.9%,净利润同比增长39.5%(成本优化或非经常性收益驱动)。 盈利能力:ROE 25.75%、ROA 10.26%(运营效率较高,但需关注持续性)。 现金流:近5日资本流动波动较大(04-28单日流入450万,但整体呈净流出趋势)。 行业与竞争 市场扩张:计划通过海南自贸港布局国际市场,但面临星巴克、本土新品牌(如霸王茶姬)的双向竞争压力。 消费渗透率:中国城市居民年均咖啡消费量仅20杯(日韩/美国超300杯),长期增长空间大但短期增速可能放缓。 风险事件 政策风险:反洗钱监管趋严(央行近期通报券商问题,或间接影响市场流动性)。 供应链压力:椰子原料需求激增(日销超200万杯生椰系列),供应链稳定性存疑。 三、风险评估与建议 核心风险 仓位集中度过高:单一股票占比近50%,组合波动性风险极大。 估值回调压力:当前PE/PB均高于行业均值,若业绩不及预期或市场情绪转弱,股价承压。 竞争加剧:低价策略可持续性存疑,新品牌分流用户风险上升。 操作建议 短期(1-3个月) :","listText":"一、持仓分析 持仓概况 持有数量:77股,占总投资组合的 49.81% (显著集中)。 平均成本:32.64美元,当前股价32.77美元, 浮盈0.4% (约10.11美元)。 持仓周期:1天(短期交易特征)。 市场表现 最新股价:32.77美元(2025-05-01),较前日下跌4.18%,日内波动幅度5.5%(低至32.37,高至34.25美元)。 52周区间:17.28~38.03美元,当前处于中位水平,但近期股价接近年内低点(距高点-13.8%)。 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10.26%(运营效率较高,但需关注持续性)。 现金流:近5日资本流动波动较大(04-28单日流入450万,但整体呈净流出趋势)。 行业与竞争 市场扩张:计划通过海南自贸港布局国际市场,但面临星巴克、本土新品牌(如霸王茶姬)的双向竞争压力。 消费渗透率:中国城市居民年均咖啡消费量仅20杯(日韩/美国超300杯),长期增长空间大但短期增速可能放缓。 风险事件 政策风险:反洗钱监管趋严(央行近期通报券商问题,或间接影响市场流动性)。 供应链压力:椰子原料需求激增(日销超200万杯生椰系列),供应链稳定性存疑。 三、风险评估与建议 核心风险 仓位集中度过高:单一股票占比近50%,组合波动性风险极大。 估值回调压力:当前PE/PB均高于行业均值,若业绩不及预期或市场情绪转弱,股价承压。 竞争加剧:低价策略可持续性存疑,新品牌分流用户风险上升。 操作建议 短期(1-3个月) :","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/430335232401440","isVote":1,"tweetType":1,"viewCount":7894,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558396741726680","authorId":"3558396741726680","name":"ZXFC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":7,"crmLevelSwitch":0,"idStr":"3558396741726680","authorIdStr":"3558396741726680"},"content":"脑瘫不会算pe就别丢人现眼…","text":"脑瘫不会算pe就别丢人现眼…","html":"脑瘫不会算pe就别丢人现眼…"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":430121970200816,"gmtCreate":1746031715164,"gmtModify":1746031719133,"author":{"id":"3568546886790835","authorId":"3568546886790835","name":"洪文馆","avatar":"https://static.tigerbbs.com/2bae01e589d09e5257f674e3bcef2673","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568546886790835","authorIdStr":"3568546886790835"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKNCY\">$瑞幸咖啡(LKNCY)$ </a> ","listText":"<a href=\"https://laohu8.com/S/LKNCY\">$瑞幸咖啡(LKNCY)$ </a> ","text":"$瑞幸咖啡(LKNCY)$","images":[{"img":"https://static.tigerbbs.com/562520fe819c17af602955fb0bde48cb","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/430121970200816","isVote":1,"tweetType":1,"viewCount":834,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":870995153,"gmtCreate":1636568086427,"gmtModify":1636568086427,"author":{"id":"3568546886790835","authorId":"3568546886790835","name":"洪文馆","avatar":"https://static.tigerbbs.com/2bae01e589d09e5257f674e3bcef2673","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568546886790835","authorIdStr":"3568546886790835"},"themes":[],"htmlText":"加油吧,看好这只票","listText":"加油吧,看好这只票","text":"加油吧,看好这只票","images":[{"img":"https://static.tigerbbs.com/c42d7a9bc0736ab56c4e34943e78a602","width":"1125","height":"3450"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870995153","isVote":1,"tweetType":1,"viewCount":2413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":108153393,"gmtCreate":1620006479212,"gmtModify":1620006479212,"author":{"id":"3568546886790835","authorId":"3568546886790835","name":"洪文馆","avatar":"https://static.tigerbbs.com/2bae01e589d09e5257f674e3bcef2673","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568546886790835","authorIdStr":"3568546886790835"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108153393","repostId":"108333263","repostType":1,"repost":{"id":108333263,"gmtCreate":1619999372252,"gmtModify":1620003394502,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3478213283465426","authorIdStr":"3478213283465426"},"themes":[],"title":"庄家操盘策略,如何跟着庄家赚钱?","htmlText":"\n \n \n 市场是由做市商和零售交易者这两个参与者组成的,做市商是银行和大金融机构,这些参与者是市场中最活跃的参与者,他们控制和操.纵市场,并随时随地推动价格。通过识别银行和大机构的交易方式,我们可以跟随他们的足迹的赚钱。如果你不知道市场如何运作,那么你将永远找不到能持续获利的方法。文章有点长,可以看视频。 如果我是机构投资者,要想做一支股票,首先我会经过大量的筛选,研究很多股的基本面,然后筛选出一定范围的几只股票,找到一支大小合适,有故事和炒作空间的股票。然后跟公司高级管理层接洽,找到愿意配合的公司,最后开始择机建仓。如何配合呢? 就是在我吸酬时,在财报时尽量将业绩放平,或者适当隐藏利润,这一点公司很容易做到,只要对报表进行适当调整就行了,例如,将某些损益一个季度提完,使报表看上去亏损;或者将后面数年的费用半年摊完,因为摊销和预收款之类的项目非常容易调整。经过一些调整后,使得公司财报并不引人注目,甚至让你对这家公司丧失信心,怀疑其成长性。这样就可以避免在砸盘过程中让一些重视基本面价值投资的投资者入场。01砸盘阶段在吸筹之前,我肯定是要进一些筹码的,也不用多,因为这些筹码主要用来砸盘的。怎么收集这些砸盘的筹码?我不会每天慢慢去收集,因为这样会使股票天天上涨,给人造成一种这票趋势不错啊的感觉,还能涨,反而难以收到足够的筹码,还容易被散户抢酬,使自己收集成本提高。比如来一个一天暴涨10%,20%,很多获利盘就出逃了。又或者在市场制作很多陷阱,诱导散户做空,通过砸盘来获得足够的低成本筹码。第二天来个低开。为什么要低开而不高开,因为我昨天收集的筹码并不准备获利,而且要让昨天追风进去的短线筹码帮我砸盘。在这个下跌途中,我将逐步用单托底,因为我要形成自己的底仓。经过几天的连续下跌,有些割肉的筹码就会回补自己的仓位,这时候我不能让他们回补,我必须迅速的吃上去让他们追风,当形成追风盘时,我将\n \n","listText":"市场是由做市商和零售交易者这两个参与者组成的,做市商是银行和大金融机构,这些参与者是市场中最活跃的参与者,他们控制和操.纵市场,并随时随地推动价格。通过识别银行和大机构的交易方式,我们可以跟随他们的足迹的赚钱。如果你不知道市场如何运作,那么你将永远找不到能持续获利的方法。文章有点长,可以看视频。 如果我是机构投资者,要想做一支股票,首先我会经过大量的筛选,研究很多股的基本面,然后筛选出一定范围的几只股票,找到一支大小合适,有故事和炒作空间的股票。然后跟公司高级管理层接洽,找到愿意配合的公司,最后开始择机建仓。如何配合呢? 就是在我吸酬时,在财报时尽量将业绩放平,或者适当隐藏利润,这一点公司很容易做到,只要对报表进行适当调整就行了,例如,将某些损益一个季度提完,使报表看上去亏损;或者将后面数年的费用半年摊完,因为摊销和预收款之类的项目非常容易调整。经过一些调整后,使得公司财报并不引人注目,甚至让你对这家公司丧失信心,怀疑其成长性。这样就可以避免在砸盘过程中让一些重视基本面价值投资的投资者入场。01砸盘阶段在吸筹之前,我肯定是要进一些筹码的,也不用多,因为这些筹码主要用来砸盘的。怎么收集这些砸盘的筹码?我不会每天慢慢去收集,因为这样会使股票天天上涨,给人造成一种这票趋势不错啊的感觉,还能涨,反而难以收到足够的筹码,还容易被散户抢酬,使自己收集成本提高。比如来一个一天暴涨10%,20%,很多获利盘就出逃了。又或者在市场制作很多陷阱,诱导散户做空,通过砸盘来获得足够的低成本筹码。第二天来个低开。为什么要低开而不高开,因为我昨天收集的筹码并不准备获利,而且要让昨天追风进去的短线筹码帮我砸盘。在这个下跌途中,我将逐步用单托底,因为我要形成自己的底仓。经过几天的连续下跌,有些割肉的筹码就会回补自己的仓位,这时候我不能让他们回补,我必须迅速的吃上去让他们追风,当形成追风盘时,我将","text":"市场是由做市商和零售交易者这两个参与者组成的,做市商是银行和大金融机构,这些参与者是市场中最活跃的参与者,他们控制和操.纵市场,并随时随地推动价格。通过识别银行和大机构的交易方式,我们可以跟随他们的足迹的赚钱。如果你不知道市场如何运作,那么你将永远找不到能持续获利的方法。文章有点长,可以看视频。 如果我是机构投资者,要想做一支股票,首先我会经过大量的筛选,研究很多股的基本面,然后筛选出一定范围的几只股票,找到一支大小合适,有故事和炒作空间的股票。然后跟公司高级管理层接洽,找到愿意配合的公司,最后开始择机建仓。如何配合呢? 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","text":"$阿里巴巴(BABA)$[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/394986988","repostId":"1107745214","repostType":4,"repost":{"id":"1107745214","kind":"news","pubTimestamp":1607920940,"share":"https://www.laohu8.com/m/news/1107745214?lang=&edition=full","pubTime":"2020-12-14 12:42","market":"us","language":"zh","title":"监管出手!阿里、阅文、丰巢合计被罚150万元","url":"https://stock-news.laohu8.com/highlight/detail?id=1107745214","media":"华尔街见闻","summary":"阿里回应反垄断被罚:接到通知已按照要求整改。12月14日,国家市场监管总局反垄断局对阿里巴巴投资收购银泰商业股权、阅文集团收购新丽传媒股权、丰巢网络收购中邮智递股权等三起未依法申报违法实施经营者集中案作出行政处罚。至此,阿里巴巴投资有限公司、阅文集团、深圳市丰巢网络技术有限公司合计被处以150万元人民币罚款的行政处罚。","content":"<blockquote><b>阿里回应反垄断被罚:接到通知已按照要求整改。</b>市场监管总局反垄断局主要负责人表示,互联网行业不是反垄断法外之地,所有企业都应当严格遵守反垄断法律法规,维护市场公平竞争,也只有这样,才能确保整个行业的健康发展。</blockquote><p>12月14日,国家市场监管总局反垄断局对阿里巴巴投资收购银泰商业股权、阅文集团收购新丽传媒股权、丰巢网络收购中邮智递股权等三起未依法申报违法实施经营者集中案作出行政处罚。</p><p>处罚通知称:</p><blockquote>根据《反垄断法》规定,市场监管总局对阿里巴巴投资有限公司收购银泰商业(集团)有限公司股权、阅文集团收购新丽传媒控股有限公司股权、深圳市丰巢网络技术有限公司收购中邮智递科技有限公司股权等三起未依法申报违法实施经营者集中案进行了调查,并于2020年12月14日依据《反垄断法》第48条、49条作出处罚决定,<b>对阿里巴巴投资有限公司、阅文集团和深圳市丰巢网络技术有限公司分别处以50万元人民币罚款的行政处罚。</b></blockquote><p><img src=\"https://static.tigerbbs.com/8265330a7e4dccc2df77d6d12d8afeca\" tg-width=\"1152\" tg-height=\"860\"></p><p>至此,阿里巴巴投资有限公司、阅文集团、深圳市丰巢网络技术有限公司合计被处以150万元人民币罚款的行政处罚。</p><p><b>阿里巴巴</b></p><p>对于阿里巴巴从2014年3月起,通过认购新股和可转换债券、银泰商业私有化等方式累计持有银泰商业股权至73.79%的交易,市场监管总局认为,阿里巴巴投资通过多种方式取得银泰商业73.79%的股权,获得对银泰商业的控制权,属于《反垄断法》第二十条规定的经营者集中。</p><p>阿里巴巴投资在2016年的全球营业额为人民币1011.43亿元,达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。</p><p>根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。阿里巴巴投资收购银泰商业73.79%股权的行为已于2017年6月全部完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。</p><p>市场监管总局还称,就阿里巴巴投资收购银泰商业股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。</p><p>依据《反垄断法》第四十九条规定,基于调查情况和评估结论,市场监管总局给予阿里巴巴投资50万元人民币罚款的行政处罚。</p><blockquote>违法事实及理由<b>(一)本案构成未依法申报违法实施的经营者集中。</b>根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。截至2017年6月,阿里巴巴投资通过多种方式取得银泰商业73.79%的股权,获得对银泰商业的控制权,属于《反垄断法》第二十条规定的经营者集中。2016年,阿里巴巴投资的全球营业额为人民币1011.43亿元,中国境内营业额为(略);银泰商业的全球和中国境内营业额均为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。阿里巴巴投资收购银泰商业73.79%股权的行为已于2017年6月全部完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。本机关就阿里巴巴投资收购银泰商业股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予阿里巴巴投资50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码为:0000002000041857。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。</blockquote><p><b>阅文集团</b></p><p>对于阅文集团2018年8月与曹华益等签署购股协议,以51亿元的现金和约104亿元的阅文股票作为对价,收购新丽传媒100%股权的交易,市场监管总局认为,阅文收购新丽传媒100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。</p><p>阅文集团2017年度全球营业额达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。市场监管总局表示,根据《反垄断法》第二十一条规定,2018年10月31日,新丽传媒完成股权变更登记,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。</p><p>基于调查情况和评估结论,本机关给予阅文50万元人民币罚款的行政处罚。</p><p>此外,本机关就阅文收购新丽传媒股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。</p><blockquote>违法事实及理由(一)本案构成未依法申报违法实施的经营者集中。根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。阅文收购新丽传媒100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。阅文2017年度全球营业额为(略),中国境内营业额为(略);新丽传媒2017年度全球营业额为(略),中国境内营业额为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。2018年10月31日,新丽传媒完成股权变更登记,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。(二)本案不具有排除、限制竞争的效果。本机关就阅文收购新丽传媒股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予阅文50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码:0000002000041865。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。</blockquote><p><b>丰巢网络</b></p><p>对于丰巢网络以换股方式取得中邮智递100%股权,市场监管总局表示,丰巢网络以换股方式取得中邮智递100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。</p><p>丰巢网络2019年度全球营业额达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。</p><p>2020年5月18日,交易完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。</p><blockquote>违法事实及理由(一)本案构成未依法申报违法实施的经营者集中。根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。丰巢网络以换股方式取得中邮智递100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。丰巢网络2019年度全球营业额为(略),中国境内营业额为(略);中邮智递2019年度全球和中国境内营业额均为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。2020年5月18日,交易完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。(二)本案不具有排除、限制竞争的效果。本机关就丰巢网络收购中邮智递股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予丰巢网络50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码:0000002000041873。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。</blockquote>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n监管出手!阿里、阅文、丰巢合计被罚150万元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-12-14 12:42 北京时间 <a href=https://wallstreetcn.com/articles/3613402><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>阿里回应反垄断被罚:接到通知已按照要求整改。市场监管总局反垄断局主要负责人表示,互联网行业不是反垄断法外之地,所有企业都应当严格遵守反垄断法律法规,维护市场公平竞争,也只有这样,才能确保整个行业的健康发展。12月14日,国家市场监管总局反垄断局对阿里巴巴投资收购银泰商业股权、阅文集团收购新丽传媒股权、丰巢网络收购中邮智递股权等三起未依法申报违法实施经营者集中案作出行政处罚。处罚通知称:根据《...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3613402\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{"002352":"顺丰控股","00772":"阅文集团","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://wallstreetcn.com/articles/3613402","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1107745214","content_text":"阿里回应反垄断被罚:接到通知已按照要求整改。市场监管总局反垄断局主要负责人表示,互联网行业不是反垄断法外之地,所有企业都应当严格遵守反垄断法律法规,维护市场公平竞争,也只有这样,才能确保整个行业的健康发展。12月14日,国家市场监管总局反垄断局对阿里巴巴投资收购银泰商业股权、阅文集团收购新丽传媒股权、丰巢网络收购中邮智递股权等三起未依法申报违法实施经营者集中案作出行政处罚。处罚通知称:根据《反垄断法》规定,市场监管总局对阿里巴巴投资有限公司收购银泰商业(集团)有限公司股权、阅文集团收购新丽传媒控股有限公司股权、深圳市丰巢网络技术有限公司收购中邮智递科技有限公司股权等三起未依法申报违法实施经营者集中案进行了调查,并于2020年12月14日依据《反垄断法》第48条、49条作出处罚决定,对阿里巴巴投资有限公司、阅文集团和深圳市丰巢网络技术有限公司分别处以50万元人民币罚款的行政处罚。至此,阿里巴巴投资有限公司、阅文集团、深圳市丰巢网络技术有限公司合计被处以150万元人民币罚款的行政处罚。阿里巴巴对于阿里巴巴从2014年3月起,通过认购新股和可转换债券、银泰商业私有化等方式累计持有银泰商业股权至73.79%的交易,市场监管总局认为,阿里巴巴投资通过多种方式取得银泰商业73.79%的股权,获得对银泰商业的控制权,属于《反垄断法》第二十条规定的经营者集中。阿里巴巴投资在2016年的全球营业额为人民币1011.43亿元,达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。阿里巴巴投资收购银泰商业73.79%股权的行为已于2017年6月全部完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。市场监管总局还称,就阿里巴巴投资收购银泰商业股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。依据《反垄断法》第四十九条规定,基于调查情况和评估结论,市场监管总局给予阿里巴巴投资50万元人民币罚款的行政处罚。违法事实及理由(一)本案构成未依法申报违法实施的经营者集中。根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。截至2017年6月,阿里巴巴投资通过多种方式取得银泰商业73.79%的股权,获得对银泰商业的控制权,属于《反垄断法》第二十条规定的经营者集中。2016年,阿里巴巴投资的全球营业额为人民币1011.43亿元,中国境内营业额为(略);银泰商业的全球和中国境内营业额均为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。阿里巴巴投资收购银泰商业73.79%股权的行为已于2017年6月全部完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。本机关就阿里巴巴投资收购银泰商业股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予阿里巴巴投资50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码为:0000002000041857。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。阅文集团对于阅文集团2018年8月与曹华益等签署购股协议,以51亿元的现金和约104亿元的阅文股票作为对价,收购新丽传媒100%股权的交易,市场监管总局认为,阅文收购新丽传媒100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。阅文集团2017年度全球营业额达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。市场监管总局表示,根据《反垄断法》第二十一条规定,2018年10月31日,新丽传媒完成股权变更登记,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。基于调查情况和评估结论,本机关给予阅文50万元人民币罚款的行政处罚。此外,本机关就阅文收购新丽传媒股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。违法事实及理由(一)本案构成未依法申报违法实施的经营者集中。根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。阅文收购新丽传媒100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。阅文2017年度全球营业额为(略),中国境内营业额为(略);新丽传媒2017年度全球营业额为(略),中国境内营业额为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。2018年10月31日,新丽传媒完成股权变更登记,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。(二)本案不具有排除、限制竞争的效果。本机关就阅文收购新丽传媒股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予阅文50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码:0000002000041865。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。丰巢网络对于丰巢网络以换股方式取得中邮智递100%股权,市场监管总局表示,丰巢网络以换股方式取得中邮智递100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。丰巢网络2019年度全球营业额达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。2020年5月18日,交易完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。违法事实及理由(一)本案构成未依法申报违法实施的经营者集中。根据《反垄断法》第二十条规定“经营者集中是指下列情形:(一)经营者合并;(二)经营者通过取得股权或者资产的方式取得对其他经营者的控制权;(三)经营者通过合同等方式取得对其他经营者的控制权或者能够对其他经营者施加决定性影响”。丰巢网络以换股方式取得中邮智递100%股权,取得单独控制权,属于《反垄断法》第二十条规定的经营者集中。丰巢网络2019年度全球营业额为(略),中国境内营业额为(略);中邮智递2019年度全球和中国境内营业额均为(略),达到《国务院关于经营者集中申报标准的规定》第三条规定的申报标准,属于应当申报的情形。根据《反垄断法》第二十一条规定“经营者集中达到国务院规定的申报标准的,经营者应当事先向国务院反垄断执法机构申报,未申报的不得实施集中”。2020年5月18日,交易完成交割,在此之前未向我局申报,违反《反垄断法》第二十一条,构成未依法申报违法实施的经营者集中。(二)本案不具有排除、限制竞争的效果。本机关就丰巢网络收购中邮智递股权对市场竞争的影响进行了评估,评估认为,该项经营者集中不会产生排除、限制竞争的效果。三、行政处罚依据和决定《反垄断法》第四十八条规定“经营者违反本法规定实施集中的,由国务院反垄断执法机构责令停止实施集中、限期处分股份或者资产、限期转让营业以及采取其他必要措施恢复到集中前的状态,可以处五十万元以下的罚款”。《反垄断法》第四十九条规定“对本法第四十六条、第四十七条、第四十八条规定的罚款,反垄断执法机构确定具体罚款数额时,应当考虑违法行为的性质、程度和持续的时间等因素”。根据上述规定,基于调查情况和评估结论,本机关给予丰巢网络50万元人民币罚款的行政处罚。《行政处罚法》第四十六条规定“作出罚款决定的行政机关应当与收缴罚款的机构分离。除依照本法第四十七条、第四十八条的规定当场收缴的罚款外,作出行政处罚决定的行政机关及其执法人员不得自行收缴罚款。当事人应当自收到行政处罚决定书之日起十五日内,到指定的银行缴纳罚款。银行应当收受罚款,并将罚款直接上缴国库”。当事方应当自收到本行政处罚决定书之日起十五日内,根据本行政处罚决定书,携缴款码到12家中央财政非税收入收缴代理银行(工、农、中、建、交、中信、光大、招商、邮储、华夏、平安、兴业)任一银行网点或者网上银行交纳罚款。缴款码:0000002000041873。当事方如对上述行政处罚决定不服,可以自收到本行政处罚决定书之日起六十日内,向国家市场监督管理总局申请行政复议;或者自收到本行政处罚决定书之日起六个月内,依法向人民法院提起行政诉讼。行政复议或者行政诉讼期间,本行政处罚决定不停止执行。","news_type":1,"symbols_score_info":{"002352":0.9,"00772":0.9,"09988":0.9,"BABA":0.9,"ALBmain":0.9}},"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":395020028,"gmtCreate":1607535694364,"gmtModify":1703848603961,"author":{"id":"3568546886790835","authorId":"3568546886790835","name":"洪文馆","avatar":"https://static.tigerbbs.com/2bae01e589d09e5257f674e3bcef2673","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568546886790835","idStr":"3568546886790835"},"themes":[],"htmlText":"<a 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