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2021-12-28

👍🏻

Why Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote>

2021-12-22

👍🏻

Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote>

2021-12-07

Nice

Rivian shares bucked the trend and fell more than 1%<blockquote>Rivian股价逆势下跌逾1%</blockquote>

2021-12-03

Nice

抱歉，原内容已删除

2021-12-03

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抱歉，原内容已删除

2021-12-03

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'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote>

2021-11-29

Great

Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>

2021-11-15

👍🏻

Netflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote>

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However, several factors likely contributed to its sharp upwards move.</p><p><blockquote>今天似乎没有任何特定公司的消息刺激 Rivian 的上涨。然而，有几个因素可能导致其大幅上涨。</blockquote></p><p> Stock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.</p><p><blockquote>在一年中的最后一周，股票交易量往往较低，因此价格变动可能比交易更多股票时更严重。此外，交易者在这段时间往往更加乐观，因为他们寻求从所谓的圣诞老人反弹中获利。历史上，股市在圣诞节后的五天和新年的前两天表现良好。</blockquote></p><p> This bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.</p><p><blockquote>这种乐观情绪可能导致投资者对Rivian和其他成长型股票采取更积极的看法，其中许多股票最近几周股价大幅下跌。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Rivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.</p><p><blockquote>Rivian 的未来似乎特别光明。这家电动汽车制造商对其汽车的需求激增。截至 12 月 15 日，其 R1T 皮卡的预订量从第三季度末的约 48,000 辆增加到 71,000 辆。</blockquote></p><p> To meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.</p><p><blockquote>为了满足这一需求，Rivian正在迅速扩大其制造网络。该公司正在投资50亿美元在佐治亚州建造一座新工厂。该工厂预计在高峰产量下每年组装多达 40 万辆汽车，预计将于 2024 年开始生产。</blockquote></p><p> Rivian also has valuable backing from&nbsp;<b>Amazon.com</b>(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.</p><p><blockquote>Rivian还得到了来自<b>亚马逊</b>（纳斯达克股票代码：AMZN）这家电子商务巨头拥有这家电动汽车新贵约 20% 的股份。亚马逊已经下了 100,000 辆送货车的大量订单，这让Rivian对其收入前景有了极大的了解，并有能力更积极地支出以提高车辆生产率。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-28 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> <b>Rivian Automotive</b>(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the electric vehicle (EV) company's shares.</p><p><blockquote><b>Rivian汽车</b>（纳斯达克股票代码：RIVN）周一上涨 10.6%，投资者重新买入这家电动汽车 (EV) 公司的股票。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> There doesn't appear to be any company-specific news that spurred Rivian's gains today. However, several factors likely contributed to its sharp upwards move.</p><p><blockquote>今天似乎没有任何特定公司的消息刺激 Rivian 的上涨。然而，有几个因素可能导致其大幅上涨。</blockquote></p><p> Stock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.</p><p><blockquote>在一年中的最后一周，股票交易量往往较低，因此价格变动可能比交易更多股票时更严重。此外，交易者在这段时间往往更加乐观，因为他们寻求从所谓的圣诞老人反弹中获利。历史上，股市在圣诞节后的五天和新年的前两天表现良好。</blockquote></p><p> This bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.</p><p><blockquote>这种乐观情绪可能导致投资者对Rivian和其他成长型股票采取更积极的看法，其中许多股票最近几周股价大幅下跌。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Rivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.</p><p><blockquote>Rivian 的未来似乎特别光明。这家电动汽车制造商对其汽车的需求激增。截至 12 月 15 日，其 R1T 皮卡的预订量从第三季度末的约 48,000 辆增加到 71,000 辆。</blockquote></p><p> To meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.</p><p><blockquote>为了满足这一需求，Rivian正在迅速扩大其制造网络。该公司正在投资50亿美元在佐治亚州建造一座新工厂。该工厂预计在高峰产量下每年组装多达 40 万辆汽车，预计将于 2024 年开始生产。</blockquote></p><p> Rivian also has valuable backing from&nbsp;<b>Amazon.com</b>(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.</p><p><blockquote>Rivian还得到了来自<b>亚马逊</b>（纳斯达克股票代码：AMZN）这家电子商务巨头拥有这家电动汽车新贵约 20% 的股份。亚马逊已经下了 100,000 辆送货车的大量订单，这让Rivian对其收入前景有了极大的了解，并有能力更积极地支出以提高车辆生产率。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/27/why-rivian-stock-surged-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/why-rivian-stock-surged-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184668150","content_text":"What happened\nRivian Automotive(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the electric vehicle (EV) company's shares.\nSo what\nThere doesn't appear to be any company-specific news that spurred Rivian's gains today. However, several factors likely contributed to its sharp upwards move.\nStock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.\nThis bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.\nNow what\nRivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.\nTo meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.\nRivian also has valuable backing from Amazon.com(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":3224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691134602,"gmtCreate":1640146302663,"gmtModify":1640146302822,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691134602","repostId":"1185656110","repostType":4,"repost":{"id":"1185656110","kind":"news","pubTimestamp":1640143989,"share":"https://www.laohunote.com/m/news/1185656110?lang=zh_CN&edition=full","pubTime":"2021-12-22 11:33","market":"us","language":"en","title":"Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185656110","media":"Motley Fool","summary":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a re","content":"<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电子商务巨头的股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一场救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea 与其他高辛烷值成长型股票一起被拖累。即使在今天的飙升之后，Sea 股票在上个月仍下跌了约 30%，抹去了 11 月之前 2021 年年初至今近 80% 的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>难怪最近海洋一直不稳定。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea 利用其视频游戏部门（其旗舰游戏<i>自由射击</i>）来推动其电子商务和数字金融服务部门的发展，这两个部门目前都非常无利可图。结果？这是一只具有巨大潜力的成长型股票，但在投资者评估这家新兴市场技术专家未来销售轨迹和最终回报时，容易出现剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然 Sea 已经从<b>亚马逊</b>剧本和将多余现金倾销回运营以专注于扩张，有早期迹象表明最终的底线是黑色墨水。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去 12 个月中创造了 3.42 亿美元的收入，收入为 83 亿美元。对于大多数价值导向的投资者来说，这很难被认为是强劲的利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果长期增长是你所追求的，并且你可以忍受大海的过山车之旅，那么这家公司就有充足的资金继续大力支出。截至 9 月底，该公司手头有 118 亿美元的现金和短期投资，被仅 35 亿美元的可转换债务所抵消。Sea stock 的过去 12 个月收入不到 14 倍，在 2022 年可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-22 11:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电子商务巨头的股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一场救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea 与其他高辛烷值成长型股票一起被拖累。即使在今天的飙升之后，Sea 股票在上个月仍下跌了约 30%，抹去了 11 月之前 2021 年年初至今近 80% 的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>难怪最近海洋一直不稳定。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea 利用其视频游戏部门（其旗舰游戏<i>自由射击</i>）来推动其电子商务和数字金融服务部门的发展，这两个部门目前都非常无利可图。结果？这是一只具有巨大潜力的成长型股票，但在投资者评估这家新兴市场技术专家未来销售轨迹和最终回报时，容易出现剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然 Sea 已经从<b>亚马逊</b>剧本和将多余现金倾销回运营以专注于扩张，有早期迹象表明最终的底线是黑色墨水。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去 12 个月中创造了 3.42 亿美元的收入，收入为 83 亿美元。对于大多数价值导向的投资者来说，这很难被认为是强劲的利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果长期增长是你所追求的，并且你可以忍受大海的过山车之旅，那么这家公司就有充足的资金继续大力支出。截至 9 月底，该公司手头有 118 亿美元的现金和短期投资，被仅 35 亿美元的可转换债务所抵消。Sea stock 的过去 12 个月收入不到 14 倍，在 2022 年可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185656110","content_text":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.\nSea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.\nSo what\nIt's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.\nHowever, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game Free Fire) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this emerging-markets technologist.\nNow what\nHere's the good news: While Sea has taken a page from the Amazon playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.\nThe company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.\nBut don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":2352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606245841,"gmtCreate":1638888749993,"gmtModify":1638888750083,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606245841","repostId":"1151117039","repostType":4,"repost":{"id":"1151117039","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638888025,"share":"https://www.laohunote.com/m/news/1151117039?lang=zh_CN&edition=full","pubTime":"2021-12-07 22:40","market":"us","language":"en","title":"Rivian shares bucked the trend and fell more than 1%<blockquote>Rivian股价逆势下跌逾1%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151117039","media":"Tiger Newspress","summary":"Rivian shares bucked the trend and fell more than 1% as Ford could sell down Rivian stake to fuel it","content":"<p>Rivian shares bucked the trend and fell more than 1%&nbsp;as&nbsp;Ford could sell down Rivian stake to fuel its business, RBC said.</p><p><blockquote>加拿大皇家银行表示，由于福特可能出售Rivian股份以推动其业务，Rivian股价逆势下跌超过 1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8b7df6377d63fe021b72501d71d788be\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Analysts at RBC Capital on Monday raised their price target on Ford Motor Co.&nbsp;stock to $21, from $17, saying they continue to see upside for the auto maker. Their new valuation method includes further breaking up Ford's business, including its electric-vehicle business and investments in Rivian Automotive Inc., to value the shares, they said.</p><p><blockquote>加拿大皇家银行资本 (RBC Capital) 分析师周一将福特汽车公司 (Ford Motor Co.) 股票的目标价从 17 美元上调至 21 美元，称他们继续看到这家汽车制造商的上涨空间。他们表示，他们的新估值方法包括进一步拆分福特的业务，包括其电动汽车业务和对Rivian汽车公司的投资，以对股票进行估值。</blockquote></p><p> On Rivian, the analysts said they believe Ford views its investment in Rivian \"as a financialone, so they may eventually sell-down to help fund Ford's organic investment or other cash calls.\" </p><p><blockquote>在Rivian上，分析师表示，他们认为福特将其在Rivian的投资视为“纯粹的财务投资，因此他们最终可能会抛售，以帮助为福特的有机投资或其他现金评级提供资金”。</blockquote></p><p> Ford Chief Executive Jim Farley last month vowed that Ford would become the second largest U.S. electric-vehicle maker.</p><p><blockquote>福特首席执行官吉姆·法利上个月发誓，福特将成为美国第二大电动汽车制造商。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian shares bucked the trend and fell more than 1%<blockquote>Rivian股价逆势下跌逾1%</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nRivian shares bucked the trend and fell more than 1%<blockquote>Rivian股价逆势下跌逾1%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Rivian shares bucked the trend and fell more than 1%&nbsp;as&nbsp;Ford could sell down Rivian stake to fuel its business, RBC said.</p><p><blockquote>加拿大皇家银行表示，由于福特可能出售Rivian股份以推动其业务，Rivian股价逆势下跌超过 1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8b7df6377d63fe021b72501d71d788be\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Analysts at RBC Capital on Monday raised their price target on Ford Motor Co.&nbsp;stock to $21, from $17, saying they continue to see upside for the auto maker. Their new valuation method includes further breaking up Ford's business, including its electric-vehicle business and investments in Rivian Automotive Inc., to value the shares, they said.</p><p><blockquote>加拿大皇家银行资本 (RBC Capital) 分析师周一将福特汽车公司 (Ford Motor Co.) 股票的目标价从 17 美元上调至 21 美元，称他们继续看到这家汽车制造商的上涨空间。他们表示，他们的新估值方法包括进一步拆分福特的业务，包括其电动汽车业务和对Rivian汽车公司的投资，以对股票进行估值。</blockquote></p><p> On Rivian, the analysts said they believe Ford views its investment in Rivian \"as a financialone, so they may eventually sell-down to help fund Ford's organic investment or other cash calls.\" </p><p><blockquote>在Rivian上，分析师表示，他们认为福特将其在Rivian的投资视为“纯粹的财务投资，因此他们最终可能会抛售，以帮助为福特的有机投资或其他现金评级提供资金”。</blockquote></p><p> Ford Chief Executive Jim Farley last month vowed that Ford would become the second largest U.S. electric-vehicle maker.</p><p><blockquote>福特首席执行官吉姆·法利上个月发誓，福特将成为美国第二大电动汽车制造商。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151117039","content_text":"Rivian shares bucked the trend and fell more than 1% as Ford could sell down Rivian stake to fuel its business, RBC said.\n\nAnalysts at RBC Capital on Monday raised their price target on Ford Motor Co. stock to $21, from $17, saying they continue to see upside for the auto maker. Their new valuation method includes further breaking up Ford's business, including its electric-vehicle business and investments in Rivian Automotive Inc., to value the shares, they said.\nOn Rivian, the analysts said they believe Ford views its investment in Rivian \"as a financialone, so they may eventually sell-down to help fund Ford's organic investment or other cash calls.\" \nFord Chief Executive Jim Farley last month vowed that Ford would become the second largest U.S. electric-vehicle maker.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601257627,"gmtCreate":1638538851154,"gmtModify":1638538851223,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/601257627","repostId":"2188525803","repostType":4,"isVote":1,"tweetType":1,"viewCount":2724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601257174,"gmtCreate":1638538821785,"gmtModify":1638538821785,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601257174","repostId":"2188540268","repostType":4,"isVote":1,"tweetType":1,"viewCount":3456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601254582,"gmtCreate":1638538774234,"gmtModify":1638538774324,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601254582","repostId":"2188854525","repostType":4,"repost":{"id":"2188854525","kind":"highlight","pubTimestamp":1638536261,"share":"https://www.laohunote.com/m/news/2188854525?lang=zh_CN&edition=full","pubTime":"2021-12-03 20:57","market":"us","language":"en","title":"'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2188854525","media":"MarketWatch","summary":"As the signals from the Federal Reserve become louder and louder that interest rates will be hiked n","content":"<p>As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.</p><p><blockquote>随着美联储明年加息的信号越来越响亮，市场面临的问题不再是何时加息，而是加息有多高。</blockquote></p><p> Nearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.</p><p><blockquote>自 20 世纪 70 年代以来，几乎每个加息周期都会导致连续较低的峰值。这是合乎逻辑的，因为通货膨胀也出现了较低的峰值。</blockquote></p><p> \"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.</p><p><blockquote>法国外贸银行（Natixis Corporate and Investment Banking）美洲首席经济学家乔·拉沃尼亚（Joe LaVorgna）表示：“从本质上讲，通胀的长期下降减轻了货币政策制定者像之前的商业周期那样提高官方利率的必要性。”特朗普执政后期白宫国家经济委员会。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/766e2ce17be0292d43f5fd3a83ce848a\" tg-width=\"700\" tg-height=\"505\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Markets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.</p><p><blockquote>市场已经吸取了教训。以五年期隔夜指数掉期衡量，交易员预计下一个加息周期的峰值仅为 1.45%。经通胀调整后，实际利率预计不会在本商业周期中进入正值区域。</blockquote></p><p> LaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.</p><p><blockquote>拉沃尼亚表示，市场可能会出现粗鲁的觉醒。“但自新冠疫情以来前所未有的财政和货币刺激措施可能扭转了 20 世纪 80 年代以来通胀的长期下降趋势。如果是这样的话，那么实际联邦基金利率最终需要回到正值区域，以抑制通胀压力，”他说。</blockquote></p><p> LaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.</p><p><blockquote>拉沃尼亚表示，债券市场尚未做好准备。他对 MarketWatch 表示，股市也不是。股票的最终结果？“最终会出现倍数严重压缩，”他在一封电子邮件中说。席勒市净率的最新读数是惊人的39。</blockquote></p><p></p>","source":"lsy1603348471595","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>'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-12-03 20:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.</p><p><blockquote>随着美联储明年加息的信号越来越响亮，市场面临的问题不再是何时加息，而是加息有多高。</blockquote></p><p> Nearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.</p><p><blockquote>自 20 世纪 70 年代以来，几乎每个加息周期都会导致连续较低的峰值。这是合乎逻辑的，因为通货膨胀也出现了较低的峰值。</blockquote></p><p> \"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.</p><p><blockquote>法国外贸银行（Natixis Corporate and Investment Banking）美洲首席经济学家乔·拉沃尼亚（Joe LaVorgna）表示：“从本质上讲，通胀的长期下降减轻了货币政策制定者像之前的商业周期那样提高官方利率的必要性。”特朗普执政后期白宫国家经济委员会。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/766e2ce17be0292d43f5fd3a83ce848a\" tg-width=\"700\" tg-height=\"505\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Markets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.</p><p><blockquote>市场已经吸取了教训。以五年期隔夜指数掉期衡量，交易员预计下一个加息周期的峰值仅为 1.45%。经通胀调整后，实际利率预计不会在本商业周期中进入正值区域。</blockquote></p><p> LaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.</p><p><blockquote>拉沃尼亚表示，市场可能会出现粗鲁的觉醒。“但自新冠疫情以来前所未有的财政和货币刺激措施可能扭转了 20 世纪 80 年代以来通胀的长期下降趋势。如果是这样的话，那么实际联邦基金利率最终需要回到正值区域，以抑制通胀压力，”他说。</blockquote></p><p> LaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.</p><p><blockquote>拉沃尼亚表示，债券市场尚未做好准备。他对 MarketWatch 表示，股市也不是。股票的最终结果？“最终会出现倍数严重压缩，”他在一封电子邮件中说。席勒市净率的最新读数是惊人的39。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-bond-market-is-not-yet-prepared-heres-what-a-wall-street-veteran-fears-11638532504?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技","BK4022":"陆运","ZG":"Zillow Class A","BK4528":"SaaS概念","BK4079":"房地产服务","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","ICE":"洲际交易所",".DJI":"道琼斯","BK4551":"寇图资本持仓","BK4539":"次新股",".IXIC":"NASDAQ Composite","BK4561":"索罗斯持仓","BK4023":"应用软件",".SPX":"S&P 500 Index","BK4526":"热门中概股","BK4141":"半导体产品","Z":"Zillow"},"source_url":"https://www.marketwatch.com/story/the-bond-market-is-not-yet-prepared-heres-what-a-wall-street-veteran-fears-11638532504?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2188854525","content_text":"As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.\nNearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.\n\"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.\n\nMarkets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.\nLaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.\nLaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.","news_type":1,"symbols_score_info":{"MRVL":0.9,"ICE":0.9,".IXIC":0.9,".DJI":0.9,"ZG":0.9,"Z":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600540766,"gmtCreate":1638178542212,"gmtModify":1638179119452,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600540766","repostId":"1143786111","repostType":2,"repost":{"id":"1143786111","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638176748,"share":"https://www.laohunote.com/m/news/1143786111?lang=zh_CN&edition=full","pubTime":"2021-11-29 17:05","market":"us","language":"en","title":"Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143786111","media":"Tiger Newspress","summary":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25","content":"<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达到 25,116 辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>收入总额</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币97.8百万元（15.2百万美元），较2020年第三季度的人民币180.0百万元减少45.7%，较2021年第二季度的人民币535.9百万元减少81.8%。<b>非 GAAP 营业收入3</b>2021 年第三季度为人民币 2.594 亿元（4030 万美元），而 2020 年第三季度非 GAAP 运营亏损 3 为人民币 4500 万元，2021 年第二季度非 GAAP 运营亏损为人民币 3.655 亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币21.5百万元（3.3百万美元），较2020年第三季度的人民币106.9百万元减少79.9%，较2021年第二季度的人民币235.5百万元减少90.9%。<b>非公认会计准则净利润3</b>2021 年第三季度为人民币 3.357 亿元（5210 万美元），而 2020 年第三季度非公认会计准则净利润为人民币 1600 万元，2021 年第二季度非公认会计准则净亏损为人民币 6510 万元3。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>近期发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>二零二一年十月，本公司交付七千六百四十九台，较二零二零年十月增长一百零七点二。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及在165个城市运营的理想汽车授权车身和油漆店。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于二零二一年十一月十六日，本公司于中国北京举行股东特别大会（「股东特别大会」）连同A类普通股及B类普通股持有人各自的类别会议（「类别会议」）。股东特别大会及类别大会后，本公司以特别决议案采纳第五份经修订及重列组织章程大纲及组织章程细则，并以普通决议案授予本公司董事发行及购回股份的一般无条件授权。</li></ul><b>制造设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，本公司北京生产基地正式开工建设，计划于2023年投产。它将成为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多样化的产品阵容满足不断增长的市场需求。</li><li>根据公司的环境、社会及管治目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施实现高再利用。除了高度自动化、智能化和灵活性外，它还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于2021年11月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（「车和进」）100%股权，该公司拥有先前租赁予本公司用于目前常州生产基地的土地使用权及厂房。此次交易加强了公司对常州制造基地的控制权。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>3万至3.2万辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>收入总额</b>为人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元），较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote></title>\n<style 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#7E829C; margin: 0;}\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\">\nLi Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 17:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达到 25,116 辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>收入总额</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币97.8百万元（15.2百万美元），较2020年第三季度的人民币180.0百万元减少45.7%，较2021年第二季度的人民币535.9百万元减少81.8%。<b>非 GAAP 营业收入3</b>2021 年第三季度为人民币 2.594 亿元（4030 万美元），而 2020 年第三季度非 GAAP 运营亏损 3 为人民币 4500 万元，2021 年第二季度非 GAAP 运营亏损为人民币 3.655 亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币21.5百万元（3.3百万美元），较2020年第三季度的人民币106.9百万元减少79.9%，较2021年第二季度的人民币235.5百万元减少90.9%。<b>非公认会计准则净利润3</b>2021 年第三季度为人民币 3.357 亿元（5210 万美元），而 2020 年第三季度非公认会计准则净利润为人民币 1600 万元，2021 年第二季度非公认会计准则净亏损为人民币 6510 万元3。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>近期发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>二零二一年十月，本公司交付七千六百四十九台，较二零二零年十月增长一百零七点二。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及在165个城市运营的理想汽车授权车身和油漆店。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于二零二一年十一月十六日，本公司于中国北京举行股东特别大会（「股东特别大会」）连同A类普通股及B类普通股持有人各自的类别会议（「类别会议」）。股东特别大会及类别大会后，本公司以特别决议案采纳第五份经修订及重列组织章程大纲及组织章程细则，并以普通决议案授予本公司董事发行及购回股份的一般无条件授权。</li></ul><b>制造设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，本公司北京生产基地正式开工建设，计划于2023年投产。它将成为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多样化的产品阵容满足不断增长的市场需求。</li><li>根据公司的环境、社会及管治目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施实现高再利用。除了高度自动化、智能化和灵活性外，它还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于2021年11月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（「车和进」）100%股权，该公司拥有先前租赁予本公司用于目前常州生产基地的土地使用权及厂房。此次交易加强了公司对常州制造基地的控制权。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>3万至3.2万辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>收入总额</b>为人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元），较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143786111","content_text":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25,116 vehicles\n\n\nQuarterly gross margin reached 23.3%\n\nLi Auto shares jumped more than 5% in premarket trading as its quarterly results beat estimates.\n\nLi Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.\n\nFinancial Highlights for the Third Quarter of 2021\n\nVehicle sales were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.\n\n\nVehicle margin was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.\n\n\nTotal revenues were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.\n\n\nGross profit was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.\n\n\nGross margin was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.\n\n\nLoss from operations was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.Non-GAAP income from operations3 was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.\n\n\nNet loss was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.Non-GAAP net income3was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.\n\n\nOperating cash flow was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.\n\n\nFree cash flow was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.\n\n\nRecent Developments\nDeliveries Update\n\nIn October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.\n\nExtraordinary General Meeting\n\nOn November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.\n\nUpdates on Manufacturing Facilities\n\nBeijing Manufacturing Base\nIn October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.\nAligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.\n\n\nChangzhou Manufacturing Base\nIn November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.\n\nBusiness Outlook\nFor the fourth quarter of 2021, the Company expects:\n\nDeliveries of vehicles to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.\n\n\nTotal revenues to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":3020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873286911,"gmtCreate":1636947868798,"gmtModify":1636947868798,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873286911","repostId":"1109952016","repostType":4,"repost":{"id":"1109952016","kind":"news","pubTimestamp":1636945464,"share":"https://www.laohunote.com/m/news/1109952016?lang=zh_CN&edition=full","pubTime":"2021-11-15 11:04","market":"us","language":"en","title":"Netflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109952016","media":"Benzinga","summary":"Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move ter","content":"<p><div> Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker. ...</p><p><blockquote><div>上周，一些苹果公司 NFLX 设备的用户体验了 Netflix 公司的游戏--但在记者马克-古尔曼（Mark Gurman）称之为 “令人惊讶 ”的举动中，这家流媒体巨头已经向这家 iPhone 制造商靠拢了。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Netflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNetflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-15 11:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker. ...</p><p><blockquote><div>上周，一些苹果公司 NFLX 设备的用户体验了 Netflix 公司的游戏--但在记者马克-古尔曼（Mark Gurman）称之为 “令人惊讶 ”的举动中，这家流媒体巨头已经向这家 iPhone 制造商靠拢了。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109952016","content_text":"Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker.\nWhat Happened: Gurman said that Netflix is allowing its users to sign up for subscriptions inside of its games through Apple’s in-app purchase system.\n“That gives Apple up to a 30% cut. Even more surprising is that those subscriptions also work in the main Netflix video streaming app,” Gurman wrote in his weekly newsletter.\nGurman said that this is a signal that tensions between Apple and Netflix “seem to be cooling.”\nWhy It Matters:The development surrounding in-app payments is notable, according to Gurman, because Netflix stopped letting its customers subscribe through Apple’s service in 2018.\n“Now it’s providing a new way to sign up that lets Apple take a cut again,” said Gurman.\nNetflix has yet to reinstate in-app purchases through its main app. Gurman said he does not anticipate that happening, terming the games concession a “major change.”\n“I’m curious to see what this is a precursor to. Perhaps Netflix will ask Apple for an exemption to the ban on all-in-one gaming apps, letting the streaming giant provide a more streamlined offering to its customers.”\nLast week, Netflix launched 5 games for iPhone and iPad users through an app available on the App Store marketplace.\nGurman noted last week that the Tim Cook-led company was a roadblock in Netflixachieving success in gaming as it ultimately will have to transition the gaming service to a cloud-based one. Apple has previously prevented similar cloud-based services from listing on the App Store.\nPrice Action:On Friday, Apple shares closed nearly 1.4% higher at $149.99 in the regular session and fell almost 0.2% in the after-hours trading. On the same day, Netflix shares rose 3.81% in the regular session to $682.61 and declined 0.35% in the after-hours trading.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":601257627,"gmtCreate":1638538851154,"gmtModify":1638538851223,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/601257627","repostId":"2188525803","repostType":4,"isVote":1,"tweetType":1,"viewCount":2724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873286911,"gmtCreate":1636947868798,"gmtModify":1636947868798,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873286911","repostId":"1109952016","repostType":4,"repost":{"id":"1109952016","kind":"news","pubTimestamp":1636945464,"share":"https://www.laohunote.com/m/news/1109952016?lang=zh_CN&edition=full","pubTime":"2021-11-15 11:04","market":"us","language":"en","title":"Netflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109952016","media":"Benzinga","summary":"Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move ter","content":"<p><div> Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker. ...</p><p><blockquote><div>上周，一些苹果公司 NFLX 设备的用户体验了 Netflix 公司的游戏--但在记者马克-古尔曼（Mark Gurman）称之为 “令人惊讶 ”的举动中，这家流媒体巨头已经向这家 iPhone 制造商靠拢了。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Netflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNetflix Cozying Up To Apple By Letting It Have A Share Of Gaming-Revenue Pie, Says Mark Gurman<blockquote>Mark Gurman 表示，Netflix 通过让苹果分享游戏收入蛋糕来迎合它</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-15 11:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker. ...</p><p><blockquote><div>上周，一些苹果公司 NFLX 设备的用户体验了 Netflix 公司的游戏--但在记者马克-古尔曼（Mark Gurman）称之为 “令人惊讶 ”的举动中，这家流媒体巨头已经向这家 iPhone 制造商靠拢了。...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/11/24083308/netflix-cozying-up-to-apple-by-letting-it-have-a-share-of-gaming-revenue-pie-says-m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109952016","content_text":"Users of some Apple Inc NFLX devices got a taste of Netflix Inc gaming last week — but in a move termed “surprising” by journalist Mark Gurman, the streaming giant has cozied up to the iPhone maker.\nWhat Happened: Gurman said that Netflix is allowing its users to sign up for subscriptions inside of its games through Apple’s in-app purchase system.\n“That gives Apple up to a 30% cut. Even more surprising is that those subscriptions also work in the main Netflix video streaming app,” Gurman wrote in his weekly newsletter.\nGurman said that this is a signal that tensions between Apple and Netflix “seem to be cooling.”\nWhy It Matters:The development surrounding in-app payments is notable, according to Gurman, because Netflix stopped letting its customers subscribe through Apple’s service in 2018.\n“Now it’s providing a new way to sign up that lets Apple take a cut again,” said Gurman.\nNetflix has yet to reinstate in-app purchases through its main app. Gurman said he does not anticipate that happening, terming the games concession a “major change.”\n“I’m curious to see what this is a precursor to. Perhaps Netflix will ask Apple for an exemption to the ban on all-in-one gaming apps, letting the streaming giant provide a more streamlined offering to its customers.”\nLast week, Netflix launched 5 games for iPhone and iPad users through an app available on the App Store marketplace.\nGurman noted last week that the Tim Cook-led company was a roadblock in Netflixachieving success in gaming as it ultimately will have to transition the gaming service to a cloud-based one. Apple has previously prevented similar cloud-based services from listing on the App Store.\nPrice Action:On Friday, Apple shares closed nearly 1.4% higher at $149.99 in the regular session and fell almost 0.2% in the after-hours trading. On the same day, Netflix shares rose 3.81% in the regular session to $682.61 and declined 0.35% in the after-hours trading.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601254582,"gmtCreate":1638538774234,"gmtModify":1638538774324,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601254582","repostId":"2188854525","repostType":4,"repost":{"id":"2188854525","kind":"highlight","pubTimestamp":1638536261,"share":"https://www.laohunote.com/m/news/2188854525?lang=zh_CN&edition=full","pubTime":"2021-12-03 20:57","market":"us","language":"en","title":"'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2188854525","media":"MarketWatch","summary":"As the signals from the Federal Reserve become louder and louder that interest rates will be hiked n","content":"<p>As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.</p><p><blockquote>随着美联储明年加息的信号越来越响亮，市场面临的问题不再是何时加息，而是加息有多高。</blockquote></p><p> Nearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.</p><p><blockquote>自 20 世纪 70 年代以来，几乎每个加息周期都会导致连续较低的峰值。这是合乎逻辑的，因为通货膨胀也出现了较低的峰值。</blockquote></p><p> \"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.</p><p><blockquote>法国外贸银行（Natixis Corporate and Investment Banking）美洲首席经济学家乔·拉沃尼亚（Joe LaVorgna）表示：“从本质上讲，通胀的长期下降减轻了货币政策制定者像之前的商业周期那样提高官方利率的必要性。”特朗普执政后期白宫国家经济委员会。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/766e2ce17be0292d43f5fd3a83ce848a\" tg-width=\"700\" tg-height=\"505\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Markets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.</p><p><blockquote>市场已经吸取了教训。以五年期隔夜指数掉期衡量，交易员预计下一个加息周期的峰值仅为 1.45%。经通胀调整后，实际利率预计不会在本商业周期中进入正值区域。</blockquote></p><p> LaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.</p><p><blockquote>拉沃尼亚表示，市场可能会出现粗鲁的觉醒。“但自新冠疫情以来前所未有的财政和货币刺激措施可能扭转了 20 世纪 80 年代以来通胀的长期下降趋势。如果是这样的话，那么实际联邦基金利率最终需要回到正值区域，以抑制通胀压力，”他说。</blockquote></p><p> LaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.</p><p><blockquote>拉沃尼亚表示，债券市场尚未做好准备。他对 MarketWatch 表示，股市也不是。股票的最终结果？“最终会出现倍数严重压缩，”他在一封电子邮件中说。席勒市净率的最新读数是惊人的39。</blockquote></p><p></p>","source":"lsy1603348471595","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>'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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'The bond market is not yet prepared' -- here's what a Wall Street veteran fears<blockquote>“债券市场尚未做好准备”——这是一位华尔街资深人士所担心的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-12-03 20:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.</p><p><blockquote>随着美联储明年加息的信号越来越响亮，市场面临的问题不再是何时加息，而是加息有多高。</blockquote></p><p> Nearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.</p><p><blockquote>自 20 世纪 70 年代以来，几乎每个加息周期都会导致连续较低的峰值。这是合乎逻辑的，因为通货膨胀也出现了较低的峰值。</blockquote></p><p> \"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.</p><p><blockquote>法国外贸银行（Natixis Corporate and Investment Banking）美洲首席经济学家乔·拉沃尼亚（Joe LaVorgna）表示：“从本质上讲，通胀的长期下降减轻了货币政策制定者像之前的商业周期那样提高官方利率的必要性。”特朗普执政后期白宫国家经济委员会。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/766e2ce17be0292d43f5fd3a83ce848a\" tg-width=\"700\" tg-height=\"505\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Markets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.</p><p><blockquote>市场已经吸取了教训。以五年期隔夜指数掉期衡量，交易员预计下一个加息周期的峰值仅为 1.45%。经通胀调整后，实际利率预计不会在本商业周期中进入正值区域。</blockquote></p><p> LaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.</p><p><blockquote>拉沃尼亚表示，市场可能会出现粗鲁的觉醒。“但自新冠疫情以来前所未有的财政和货币刺激措施可能扭转了 20 世纪 80 年代以来通胀的长期下降趋势。如果是这样的话，那么实际联邦基金利率最终需要回到正值区域，以抑制通胀压力，”他说。</blockquote></p><p> LaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.</p><p><blockquote>拉沃尼亚表示，债券市场尚未做好准备。他对 MarketWatch 表示，股市也不是。股票的最终结果？“最终会出现倍数严重压缩，”他在一封电子邮件中说。席勒市净率的最新读数是惊人的39。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-bond-market-is-not-yet-prepared-heres-what-a-wall-street-veteran-fears-11638532504?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRVL":"迈威尔科技","BK4022":"陆运","ZG":"Zillow Class A","BK4528":"SaaS概念","BK4079":"房地产服务","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","ICE":"洲际交易所",".DJI":"道琼斯","BK4551":"寇图资本持仓","BK4539":"次新股",".IXIC":"NASDAQ Composite","BK4561":"索罗斯持仓","BK4023":"应用软件",".SPX":"S&P 500 Index","BK4526":"热门中概股","BK4141":"半导体产品","Z":"Zillow"},"source_url":"https://www.marketwatch.com/story/the-bond-market-is-not-yet-prepared-heres-what-a-wall-street-veteran-fears-11638532504?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2188854525","content_text":"As the signals from the Federal Reserve become louder and louder that interest rates will be hiked next year, the question for markets becomes less about when and more about, how high.\nNearly every rate-hike cycle since the 1970s has resulted in successively lower peaks. That's logical, because inflation also has had lower peaks.\n\"In essence, a secular decline in inflation has mitigated the need for monetary policy makers to lift official interest rates as much as previous business cycles,\" said Joe LaVorgna, the chief economist of the Americas for Natixis Corporate and Investment Banking, who also was chief economist for the White House National Economic Council in the latter days of the Trump administration.\n\nMarkets have learned. Measured by five-year overnight index swaps, traders expect the next rate hike cycle to peak at just 1.45%. And adjusted for inflation, real rates are forecast not to get into positive territory in this business cycle.\nLaVorgna said markets may be in store for a rude awakening. \"But unprecedented fiscal and monetary stimulus since COVID may have reversed the post-1980s secular downtrend in inflation. If this is the case, then the real fed-funds rate eventually needs to get back into positive territory to dampen inflationary pressure,\" he said.\nLaVorgna said the bond market isn't yet prepared. And to MarketWatch, he said neither is the stock market. The end result for equities? \"Eventually a serious compression in multiples,\" he said in an email. The last reading for the Shiller price-to-equty ratio was a staggering 39.","news_type":1,"symbols_score_info":{"MRVL":0.9,"ICE":0.9,".IXIC":0.9,".DJI":0.9,"ZG":0.9,"Z":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696834386,"gmtCreate":1640659983468,"gmtModify":1640659983624,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696834386","repostId":"1184668150","repostType":4,"repost":{"id":"1184668150","kind":"news","pubTimestamp":1640659044,"share":"https://www.laohunote.com/m/news/1184668150?lang=zh_CN&edition=full","pubTime":"2021-12-28 10:37","market":"us","language":"en","title":"Why Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184668150","media":"Motley Fool","summary":"What happened\nRivian Automotive(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the ","content":"<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> <b>Rivian Automotive</b>(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the electric vehicle (EV) company's shares.</p><p><blockquote><b>Rivian汽车</b>（纳斯达克股票代码：RIVN）周一上涨 10.6%，投资者重新买入这家电动汽车 (EV) 公司的股票。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> There doesn't appear to be any company-specific news that spurred Rivian's gains today. However, several factors likely contributed to its sharp upwards move.</p><p><blockquote>今天似乎没有任何特定公司的消息刺激 Rivian 的上涨。然而，有几个因素可能导致其大幅上涨。</blockquote></p><p> Stock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.</p><p><blockquote>在一年中的最后一周，股票交易量往往较低，因此价格变动可能比交易更多股票时更严重。此外，交易者在这段时间往往更加乐观，因为他们寻求从所谓的圣诞老人反弹中获利。历史上，股市在圣诞节后的五天和新年的前两天表现良好。</blockquote></p><p> This bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.</p><p><blockquote>这种乐观情绪可能导致投资者对Rivian和其他成长型股票采取更积极的看法，其中许多股票最近几周股价大幅下跌。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Rivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.</p><p><blockquote>Rivian 的未来似乎特别光明。这家电动汽车制造商对其汽车的需求激增。截至 12 月 15 日，其 R1T 皮卡的预订量从第三季度末的约 48,000 辆增加到 71,000 辆。</blockquote></p><p> To meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.</p><p><blockquote>为了满足这一需求，Rivian正在迅速扩大其制造网络。该公司正在投资50亿美元在佐治亚州建造一座新工厂。该工厂预计在高峰产量下每年组装多达 40 万辆汽车，预计将于 2024 年开始生产。</blockquote></p><p> Rivian also has valuable backing from&nbsp;<b>Amazon.com</b>(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.</p><p><blockquote>Rivian还得到了来自<b>亚马逊</b>（纳斯达克股票代码：AMZN）这家电子商务巨头拥有这家电动汽车新贵约 20% 的股份。亚马逊已经下了 100,000 辆送货车的大量订单，这让Rivian对其收入前景有了极大的了解，并有能力更积极地支出以提高车辆生产率。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy Rivian Stock Surged Today<blockquote>为什么Rivian股价今天飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-28 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> <b>Rivian Automotive</b>(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the electric vehicle (EV) company's shares.</p><p><blockquote><b>Rivian汽车</b>（纳斯达克股票代码：RIVN）周一上涨 10.6%，投资者重新买入这家电动汽车 (EV) 公司的股票。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> There doesn't appear to be any company-specific news that spurred Rivian's gains today. However, several factors likely contributed to its sharp upwards move.</p><p><blockquote>今天似乎没有任何特定公司的消息刺激 Rivian 的上涨。然而，有几个因素可能导致其大幅上涨。</blockquote></p><p> Stock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.</p><p><blockquote>在一年中的最后一周，股票交易量往往较低，因此价格变动可能比交易更多股票时更严重。此外，交易者在这段时间往往更加乐观，因为他们寻求从所谓的圣诞老人反弹中获利。历史上，股市在圣诞节后的五天和新年的前两天表现良好。</blockquote></p><p> This bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.</p><p><blockquote>这种乐观情绪可能导致投资者对Rivian和其他成长型股票采取更积极的看法，其中许多股票最近几周股价大幅下跌。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Rivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.</p><p><blockquote>Rivian 的未来似乎特别光明。这家电动汽车制造商对其汽车的需求激增。截至 12 月 15 日，其 R1T 皮卡的预订量从第三季度末的约 48,000 辆增加到 71,000 辆。</blockquote></p><p> To meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.</p><p><blockquote>为了满足这一需求，Rivian正在迅速扩大其制造网络。该公司正在投资50亿美元在佐治亚州建造一座新工厂。该工厂预计在高峰产量下每年组装多达 40 万辆汽车，预计将于 2024 年开始生产。</blockquote></p><p> Rivian also has valuable backing from&nbsp;<b>Amazon.com</b>(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.</p><p><blockquote>Rivian还得到了来自<b>亚马逊</b>（纳斯达克股票代码：AMZN）这家电子商务巨头拥有这家电动汽车新贵约 20% 的股份。亚马逊已经下了 100,000 辆送货车的大量订单，这让Rivian对其收入前景有了极大的了解，并有能力更积极地支出以提高车辆生产率。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/27/why-rivian-stock-surged-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2021/12/27/why-rivian-stock-surged-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184668150","content_text":"What happened\nRivian Automotive(NASDAQ:RIVN)popped 10.6% on Monday as investors piled back into the electric vehicle (EV) company's shares.\nSo what\nThere doesn't appear to be any company-specific news that spurred Rivian's gains today. However, several factors likely contributed to its sharp upwards move.\nStock trading volumes tend to be lower during the final week of the year, so price movements can be more severe than at times when more shares are traded. Additionally, traders often are more bullish during this time, as they seek to profit from the so-called Santa Claus rally. The stock markets have historically performed well during the five days after Christmas and the first two days of the new year.\nThis bullishness may have led investors to take a more positive view of Rivian and other growth stocks, many of which have seen their share prices decline sharply in recent weeks.\nNow what\nRivian's future appears particularly bright. The EV maker is enjoying surging demand for its vehicles. Preorders for its R1T pickup truck rose from approximately 48,000 at the end of the third quarter to 71,000 by Dec. 15.\nTo meet this demand, Rivian is rapidly expanding its manufacturing network. The company is investing $5 billion to build a new plant in Georgia. The facility is forecasted to assemble as many as 400,000 vehicles annually at peak output, with production anticipated to start in 2024.\nRivian also has valuable backing from Amazon.com(NASDAQ:AMZN). The e-commerce juggernaut owns roughly 20% of the EV upstart's shares. Amazon has placed a massive order for 100,000 delivery vans, which gives Rivian tremendous visibility into its revenue outlook, as well as the ability to spend more aggressively to ramp up its vehicle production rates.","news_type":1,"symbols_score_info":{"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":3224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606245841,"gmtCreate":1638888749993,"gmtModify":1638888750083,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606245841","repostId":"1151117039","repostType":4,"isVote":1,"tweetType":1,"viewCount":2767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691134602,"gmtCreate":1640146302663,"gmtModify":1640146302822,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691134602","repostId":"1185656110","repostType":4,"repost":{"id":"1185656110","kind":"news","pubTimestamp":1640143989,"share":"https://www.laohunote.com/m/news/1185656110?lang=zh_CN&edition=full","pubTime":"2021-12-22 11:33","market":"us","language":"en","title":"Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185656110","media":"Motley Fool","summary":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a re","content":"<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电子商务巨头的股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一场救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea 与其他高辛烷值成长型股票一起被拖累。即使在今天的飙升之后，Sea 股票在上个月仍下跌了约 30%，抹去了 11 月之前 2021 年年初至今近 80% 的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>难怪最近海洋一直不稳定。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea 利用其视频游戏部门（其旗舰游戏<i>自由射击</i>）来推动其电子商务和数字金融服务部门的发展，这两个部门目前都非常无利可图。结果？这是一只具有巨大潜力的成长型股票，但在投资者评估这家新兴市场技术专家未来销售轨迹和最终回报时，容易出现剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然 Sea 已经从<b>亚马逊</b>剧本和将多余现金倾销回运营以专注于扩张，有早期迹象表明最终的底线是黑色墨水。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去 12 个月中创造了 3.42 亿美元的收入，收入为 83 亿美元。对于大多数价值导向的投资者来说，这很难被认为是强劲的利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果长期增长是你所追求的，并且你可以忍受大海的过山车之旅，那么这家公司就有充足的资金继续大力支出。截至 9 月底，该公司手头有 118 亿美元的现金和短期投资，被仅 35 亿美元的可转换债务所抵消。Sea stock 的过去 12 个月收入不到 14 倍，在 2022 年可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么 Sea Limited 股票今天上涨 10.82%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-22 11:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电子商务巨头的股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一场救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea 与其他高辛烷值成长型股票一起被拖累。即使在今天的飙升之后，Sea 股票在上个月仍下跌了约 30%，抹去了 11 月之前 2021 年年初至今近 80% 的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>难怪最近海洋一直不稳定。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea 利用其视频游戏部门（其旗舰游戏<i>自由射击</i>）来推动其电子商务和数字金融服务部门的发展，这两个部门目前都非常无利可图。结果？这是一只具有巨大潜力的成长型股票，但在投资者评估这家新兴市场技术专家未来销售轨迹和最终回报时，容易出现剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然 Sea 已经从<b>亚马逊</b>剧本和将多余现金倾销回运营以专注于扩张，有早期迹象表明最终的底线是黑色墨水。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去 12 个月中创造了 3.42 亿美元的收入，收入为 83 亿美元。对于大多数价值导向的投资者来说，这很难被认为是强劲的利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果长期增长是你所追求的，并且你可以忍受大海的过山车之旅，那么这家公司就有充足的资金继续大力支出。截至 9 月底，该公司手头有 118 亿美元的现金和短期投资，被仅 35 亿美元的可转换债务所抵消。Sea stock 的过去 12 个月收入不到 14 倍，在 2022 年可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185656110","content_text":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.\nSea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.\nSo what\nIt's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.\nHowever, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game Free Fire) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this emerging-markets technologist.\nNow what\nHere's the good news: While Sea has taken a page from the Amazon playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.\nThe company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.\nBut don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":2352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600540766,"gmtCreate":1638178542212,"gmtModify":1638179119452,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600540766","repostId":"1143786111","repostType":2,"repost":{"id":"1143786111","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638176748,"share":"https://www.laohunote.com/m/news/1143786111?lang=zh_CN&edition=full","pubTime":"2021-11-29 17:05","market":"us","language":"en","title":"Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143786111","media":"Tiger Newspress","summary":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25","content":"<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达到 25,116 辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>收入总额</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币97.8百万元（15.2百万美元），较2020年第三季度的人民币180.0百万元减少45.7%，较2021年第二季度的人民币535.9百万元减少81.8%。<b>非 GAAP 营业收入3</b>2021 年第三季度为人民币 2.594 亿元（4030 万美元），而 2020 年第三季度非 GAAP 运营亏损 3 为人民币 4500 万元，2021 年第二季度非 GAAP 运营亏损为人民币 3.655 亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币21.5百万元（3.3百万美元），较2020年第三季度的人民币106.9百万元减少79.9%，较2021年第二季度的人民币235.5百万元减少90.9%。<b>非公认会计准则净利润3</b>2021 年第三季度为人民币 3.357 亿元（5210 万美元），而 2020 年第三季度非公认会计准则净利润为人民币 1600 万元，2021 年第二季度非公认会计准则净亏损为人民币 6510 万元3。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>近期发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>二零二一年十月，本公司交付七千六百四十九台，较二零二零年十月增长一百零七点二。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及在165个城市运营的理想汽车授权车身和油漆店。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于二零二一年十一月十六日，本公司于中国北京举行股东特别大会（「股东特别大会」）连同A类普通股及B类普通股持有人各自的类别会议（「类别会议」）。股东特别大会及类别大会后，本公司以特别决议案采纳第五份经修订及重列组织章程大纲及组织章程细则，并以普通决议案授予本公司董事发行及购回股份的一般无条件授权。</li></ul><b>制造设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，本公司北京生产基地正式开工建设，计划于2023年投产。它将成为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多样化的产品阵容满足不断增长的市场需求。</li><li>根据公司的环境、社会及管治目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施实现高再利用。除了高度自动化、智能化和灵活性外，它还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于2021年11月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（「车和进」）100%股权，该公司拥有先前租赁予本公司用于目前常州生产基地的土地使用权及厂房。此次交易加强了公司对常州制造基地的控制权。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>3万至3.2万辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>收入总额</b>为人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元），较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote></title>\n<style 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#7E829C; margin: 0;}\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\">\nLi Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 17:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达到 25,116 辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>收入总额</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币97.8百万元（15.2百万美元），较2020年第三季度的人民币180.0百万元减少45.7%，较2021年第二季度的人民币535.9百万元减少81.8%。<b>非 GAAP 营业收入3</b>2021 年第三季度为人民币 2.594 亿元（4030 万美元），而 2020 年第三季度非 GAAP 运营亏损 3 为人民币 4500 万元，2021 年第二季度非 GAAP 运营亏损为人民币 3.655 亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币21.5百万元（3.3百万美元），较2020年第三季度的人民币106.9百万元减少79.9%，较2021年第二季度的人民币235.5百万元减少90.9%。<b>非公认会计准则净利润3</b>2021 年第三季度为人民币 3.357 亿元（5210 万美元），而 2020 年第三季度非公认会计准则净利润为人民币 1600 万元，2021 年第二季度非公认会计准则净亏损为人民币 6510 万元3。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>近期发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>二零二一年十月，本公司交付七千六百四十九台，较二零二零年十月增长一百零七点二。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及在165个城市运营的理想汽车授权车身和油漆店。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于二零二一年十一月十六日，本公司于中国北京举行股东特别大会（「股东特别大会」）连同A类普通股及B类普通股持有人各自的类别会议（「类别会议」）。股东特别大会及类别大会后，本公司以特别决议案采纳第五份经修订及重列组织章程大纲及组织章程细则，并以普通决议案授予本公司董事发行及购回股份的一般无条件授权。</li></ul><b>制造设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，本公司北京生产基地正式开工建设，计划于2023年投产。它将成为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多样化的产品阵容满足不断增长的市场需求。</li><li>根据公司的环境、社会及管治目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施实现高再利用。除了高度自动化、智能化和灵活性外，它还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于2021年11月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（「车和进」）100%股权，该公司拥有先前租赁予本公司用于目前常州生产基地的土地使用权及厂房。此次交易加强了公司对常州制造基地的控制权。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>3万至3.2万辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>收入总额</b>为人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元），较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143786111","content_text":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25,116 vehicles\n\n\nQuarterly gross margin reached 23.3%\n\nLi Auto shares jumped more than 5% in premarket trading as its quarterly results beat estimates.\n\nLi Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.\n\nFinancial Highlights for the Third Quarter of 2021\n\nVehicle sales were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.\n\n\nVehicle margin was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.\n\n\nTotal revenues were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.\n\n\nGross profit was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.\n\n\nGross margin was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.\n\n\nLoss from operations was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.Non-GAAP income from operations3 was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.\n\n\nNet loss was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.Non-GAAP net income3was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.\n\n\nOperating cash flow was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.\n\n\nFree cash flow was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.\n\n\nRecent Developments\nDeliveries Update\n\nIn October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.\n\nExtraordinary General Meeting\n\nOn November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.\n\nUpdates on Manufacturing Facilities\n\nBeijing Manufacturing Base\nIn October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.\nAligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.\n\n\nChangzhou Manufacturing Base\nIn November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.\n\nBusiness Outlook\nFor the fourth quarter of 2021, the Company expects:\n\nDeliveries of vehicles to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.\n\n\nTotal revenues to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":3020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601257174,"gmtCreate":1638538821785,"gmtModify":1638538821785,"author":{"id":"3582281917582725","authorId":"3582281917582725","name":"NGKH","avatar":"https://static.tigerbbs.com/5199281925fe86e7eaed99d7ef560a4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582281917582725","idStr":"3582281917582725"},"themes":[],"title":"","htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601257174","repostId":"2188540268","repostType":4,"isVote":1,"tweetType":1,"viewCount":3456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}