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Camilla_mn
2021-12-16
$NVIDIA Corp(NVDA)$
[Miser]
Camilla_mn
2021-12-14
Hopefully
@Skang2:
$Tesla Motors(TSLA)$
$Twitter(TWTR)$
$800 coming?
Camilla_mn
2021-12-10
Thanks
3 Undervalued EV Stocks You Can Buy and Hold for the Next Decade<blockquote>未来十年您可以购买并持有的 3 只被低估的电动汽车股票</blockquote>
Camilla_mn
2021-12-07
$Phunware, Inc.(PHUN)$
How to do [What]
Camilla_mn
2021-11-29
$TAL Education Group(TAL)$
[Cry]
Camilla_mn
2021-11-23
$TAL Education Group(TAL)$
Go go [Bless]
Camilla_mn
2021-11-20
$TAL Education Group(TAL)$
Pls go faster [Sad]
Camilla_mn
2021-11-18
Go go [Cool]
Camilla_mn
2021-11-18
$TAL Education Group(TAL)$
[Cry] stilling waiting to soar
Camilla_mn
2021-11-10
$Phunware, Inc.(PHUN)$
Need Trump’s speech [Cry]
Camilla_mn
2021-11-10
$Luminar Technologies, Inc.(LAZR)$
I believe thisstock will soar up sooner or later [Miser]
Camilla_mn
2021-11-09
$NVIDIA Corp(NVDA)$
[Great]
Camilla_mn
2021-11-08
$NVIDIA Corp(NVDA)$
[Cool]
Camilla_mn
2021-11-06
$NIO Inc.(NIO)$
[Cool]
Camilla_mn
2021-11-06
$Lucid Group Inc(LCID)$
[Love you]
Camilla_mn
2021-11-05
$TAL Education Group(TAL)$
still waiting to soar
Camilla_mn
2021-11-05
$Phunware, Inc.(PHUN)$
Any news from Trump??[Cry]
Camilla_mn
2021-11-05
$NVIDIA Corp(NVDA)$
Keep going~~~
Camilla_mn
2021-11-03
$TAL Education Group(TAL)$
When will you save this shareholders??? 🥲🥲🥲
Camilla_mn
2021-11-02
$Phunware, Inc.(PHUN)$
Need Trump’s speech 🥺
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href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Miser] ","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Miser] ","text":"$NVIDIA Corp(NVDA)$[Miser]","images":[{"img":"https://static.tigerbbs.com/03ae340b43aefd9d98d1de3f3bad5c75","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690666176","isVote":1,"tweetType":1,"viewCount":4277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":604581423,"gmtCreate":1639411698531,"gmtModify":1639412715128,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Hopefully","listText":"Hopefully","text":"Hopefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604581423","repostId":"604593339","repostType":1,"repost":{"id":604593339,"gmtCreate":1639408671642,"gmtModify":1639409589614,"author":{"id":"3572049851904467","authorId":"3572049851904467","name":"Skang2","avatar":"https://static.tigerbbs.com/9d0ad66856d84484799f8fc34d2038b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572049851904467","authorIdStr":"3572049851904467"},"themes":[],"title":"","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> $800 coming?","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/TWTR\">$Twitter(TWTR)$</a> $800 coming?","text":"$Tesla Motors(TSLA)$ $Twitter(TWTR)$ $800 coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604593339","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605600372,"gmtCreate":1639148920432,"gmtModify":1639148920739,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605600372","repostId":"1192503036","repostType":4,"repost":{"id":"1192503036","kind":"news","pubTimestamp":1639123593,"share":"https://www.laohunote.com/m/news/1192503036?lang=zh_CN&edition=full","pubTime":"2021-12-10 16:06","market":"hk","language":"en","title":"3 Undervalued EV Stocks You Can Buy and Hold for the Next Decade<blockquote>未来十年您可以购买并持有的 3 只被低估的电动汽车股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192503036","media":"Motley Fool ","summary":"You can find hidden gems in the much-hyped electric vehicle space too.","content":"<p>With electric vehicle (EV) maker <b>Tesla</b> valued at more than $1 trillion and <b>Rivian</b>, which has so far produced fewer than 200 vehicles, valued at more than $100 billion, value-focused investors may find staying away from the EV stock space to be the best course of action right now. But the truth is that there are ample undervalued opportunities even in this hot segment.</p><p><blockquote>与电动汽车(EV)制造商合作<b>特斯拉</b>价值超过1万亿美元<b>Rivian</b>迄今为止,该公司生产了不到 200 辆汽车,价值超过 1000 亿美元,注重价值的投资者可能会发现,远离电动汽车股票领域是目前最好的行动方案。但事实是,即使在这个热门领域,也有大量被低估的机会。</blockquote></p><p> Let's look at three such hidden gems in the electric vehicle space.</p><p><blockquote>让我们来看看电动汽车领域隐藏的三颗宝石。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71c79fb7333c9ac1c5c74949b4c1b52b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源:盖蒂图片社。</span></p></blockquote></p><p> <b>Valuation of EV stocks</b></p><p><blockquote><b>电动汽车股票估值</b></blockquote></p><p> Trying to understand the valuations of EV stocks has become challenging lately. Not all EV stocks are getting valued the same way. As an example, consider <b>Nio</b>. The company sold 66,395 vehicles in the first nine months of 2021. Yet, its market capitalization is less than that of <b>Lucid Group</b> and Rivian, both of which have sold far fewer vehicles so far.</p><p><blockquote>最近,试图了解电动汽车股票的估值变得具有挑战性。并非所有电动汽车股票的估值都是一样的。例如,考虑<b>蔚来</b>2021年前9个月,该公司售出66,395辆汽车。然而,其市值低于<b>Lucid集团</b>和Rivian,这两家公司迄今为止的汽车销量都要少得多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0930ea5d664bfd46c1738510f8f05f3\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>NIO Market Cap data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的蔚来市值数据</span></p></blockquote></p><p> With not much of a sales history, the price-to-sales ratios of Lucid and Rivian stocks are not meaningful. Although Nio's price-to-sales ratio of nearly 10 looks high, it pales when compared to Tesla's ratio of around 24.</p><p><blockquote>由于销售历史不多,Lucid 和Rivian股票的市销率没有意义。蔚来汽车近10的市销率虽然看起来很高,但与特斯拉24左右的市销率相比就相形见绌了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ae1220d72de922e913f8428a58f24ba\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>NIO PS Ratio data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的蔚来 PS 比率数据</span></p></blockquote></p><p> For sure, Tesla commands a higher ratio for being the EV pioneer, with a strong brand image and innovative offerings. However, the premium compared to Nio looks outsized.</p><p><blockquote>当然,特斯拉作为电动汽车先驱的比例更高,拥有强大的品牌形象和创新的产品。然而,与蔚来相比,溢价看起来太大了。</blockquote></p><p> Talking more about differences in EV valuations, pure-play EV manufacturers -- that offer only EVs -- typically get valued higher compared to legacy automakers, which are now entering in the EV segment. This is likely based either on hype, or on the opinion that pure-play EV makers can offer better EVs than legacy automakers. Neither of the two seems like a valid reason to avoid legacy automakers with solid EV ambitions.</p><p><blockquote>更多地谈论电动汽车估值的差异,纯电动汽车制造商(仅提供电动汽车)的估值通常高于现在进入电动汽车领域的传统汽车制造商。这可能是基于炒作,或者是基于纯粹电动汽车制造商可以提供比传统汽车制造商更好的电动汽车的观点。这两者似乎都不是避开具有坚定电动汽车雄心的传统汽车制造商的正当理由。</blockquote></p><p> Two such companies are <b>BYD</b> and <b>Volkswagen</b>. As the above graph shows, the stocks of both these companies trade at a much lower price-to-sales ratio than that of Tesla or even Nio. Whichever way you slice or dice it, Nio, BYD, and Volkswagen stocks look better valued than most of their EV peers.</p><p><blockquote>两家这样的公司是<b>比亚迪</b>和<b>大众汽车</b>如上图所示,这两家公司的股票交易市销率远低于特斯拉甚至蔚来。无论从哪个角度来看,蔚来、比亚迪和大众汽车的股票看起来都比大多数电动汽车同行更有价值。</blockquote></p><p> <b>1. There is a lot to like about Nio</b></p><p><blockquote><b>1. 蔚来有很多值得喜欢的地方</b></blockquote></p><p> Investors will find Nio attractive for more than one reason. To begin with, the company operates in a leading and fast-growing market. Of the 2.6 million EVs sold globally in the first half of 2021, roughly 1.1 million were sold in China alone. Furthermore, in the first half of 2021, the number of EVs sold in China was equal to that sold in the country in all of 2020.</p><p><blockquote>投资者会发现蔚来有吸引力的原因不止一个。首先,该公司在一个领先且快速增长的市场中运营。2021年上半年全球售出的260万辆电动汽车中,仅中国就售出了约110万辆。此外,2021年上半年在中国销售的电动汽车数量相当于2020年全年在中国销售的电动汽车数量。</blockquote></p><p> Nio reported strong vehicle deliveries for November. Except for October, when the company reported lower deliveries due to planned upgrading of its manufacturing lines, Nio's deliveries are largely on an upward trend.</p><p><blockquote>蔚来报告 11 月份汽车交付量强劲。除了 10 月份由于计划升级生产线,该公司报告交付量有所下降外,蔚来汽车的交付量基本呈上升趋势。</blockquote></p><p> The company faces stiff competition from local players, including BYD,<b>Xpeng</b>, and <b>Li Auto</b>, as well as global EV companies including Tesla. Nio is doing well so far despite the competition. Moreover, it is planning to start deliveries of its new luxury sedan, the ET7, early next year. The new sedan has some of the best features and technology available and should further boost Nio's growth.</p><p><blockquote>该公司面临着来自比亚迪等本地企业的激烈竞争,<b>小鹏</b>,和<b>理想汽车</b>以及包括特斯拉在内的全球电动汽车公司。尽管有竞争,蔚来到目前为止做得很好。此外,该公司计划于明年初开始交付新款豪华轿车 ET7。这款新轿车拥有一些最好的功能和技术,应该会进一步推动蔚来汽车的增长。</blockquote></p><p> 2. BYD is gaining ground silently</p><p><blockquote>2、比亚迪悄然崛起</blockquote></p><p> While investors are focused on upcoming EV stocks, established Chinese automaker BYD has made a place for itself in the EV segment. According to<i>CleanTechnica</i>, BYD controls the highest share, 17%, of China's EV market, including plug-in hybrids. That's higher than the 16% market share controlled by a joint venture between SAIC Motor,<b>General Motors</b>, and Liuzhou Wuling Motors. By comparison, Tesla holds roughly 11% share of China's EV market.</p><p><blockquote>当投资者关注即将上市的电动汽车股票时,中国老牌汽车制造商比亚迪已经在电动汽车领域占据了一席之地。根据<i>清洁技术</i>比亚迪控制着中国电动汽车市场(包括插电式混合动力汽车)的最高份额,为 17%。这高于上汽集团合资企业控制的16%的市场份额,<b>通用汽车</b>、柳州五菱汽车。相比之下,特斯拉占据中国电动汽车市场约11%的份额。</blockquote></p><p> In November, sales of BYD's EV models grew 153% year over year to 46,137 units. Including plug-in hybrids, the company sold 90,121 units in the month.</p><p><blockquote>11月份,比亚迪电动车型销量同比增长153%,达到46,137辆。包括插电式混合动力车在内,该公司当月售出 90,121 辆。</blockquote></p><p> With a trailing-12-months revenue of $30.2 billion, BYD operates in three main segments. In 2020, the company earned 53% of its revenue from auto and related products, 39% from mobile handset components and assembly, and the remaining 8% from rechargeable batteries and solar products. Geographically, the company derived 61% of its revenue from China.</p><p><blockquote>比亚迪过去 12 个月的收入为 302 亿美元,主要分为三个领域。2020年,该公司53%的收入来自汽车及相关产品,39%来自手机零部件和组装,其余8%来自充电电池和太阳能产品。从地域上看,该公司61%的收入来自中国。</blockquote></p><p> With a high focus on EVs, these will likely form an increasingly higher portion of BYD's revenue mix in the coming years.</p><p><blockquote>随着对电动汽车的高度重视,这些汽车在未来几年可能会在比亚迪的收入组合中占据越来越大的份额。</blockquote></p><p> <b>3. Volkswagen has big EV ambitions</b></p><p><blockquote><b>3. 大众汽车有着远大的电动汽车野心</b></blockquote></p><p></p><p> EV investors would surely find value in top automaker Volkswagen. In the next few years, the company plans to invest 35 billion euros in electric mobility. It aims to increase its EV deliveries to 20% of its sales by 2025. By 2030, the company targets 60% of its sales in Europe to be EVs.</p><p><blockquote>电动汽车投资者肯定会在顶级汽车制造商大众汽车身上找到价值。未来几年,该公司计划在电动汽车领域投资350亿欧元。该公司的目标是到 2025 年将电动汽车交付量提高到销售额的 20%。到 2030 年,该公司的目标是其在欧洲 60% 的销量为电动汽车。</blockquote></p><p> In the first nine months, Volkswagen delivered nearly 7 million vehicles globally. Of these, roughly 293,000 were fully electric. An additional 246,000 were plug-in hybrid vehicles. So, electric or hybrid vehicles accounted for around 7.8% of the company's deliveries. For perspective, Tesla delivered 627,572 vehicles in the first nine months of this year. So, even though EVs form a small percentage of Volkswagen's total vehicle deliveries, its absolute EV deliveries are huge and will continue to grow. In short, the stock cansurely find a placein your EV portfolio.</p><p><blockquote>前九个月,大众汽车在全球交付了近700万辆汽车。其中,大约293,000辆是全电动的。另外 246,000 辆是插电式混合动力汽车。因此,电动或混合动力汽车约占该公司交付量的7.8%。从长远来看,特斯拉今年前九个月交付了 627,572 辆汽车。因此,尽管电动汽车在大众汽车总交付量中所占比例很小,但其电动汽车的绝对交付量是巨大的,并将继续增长。简而言之,该股票肯定会在您的电动汽车投资组合中找到一席之地。</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>3 Undervalued EV Stocks You Can Buy and Hold for the Next Decade<blockquote>未来十年您可以购买并持有的 3 只被低估的电动汽车股票</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\">\n3 Undervalued EV Stocks You Can Buy and Hold for the Next Decade<blockquote>未来十年您可以购买并持有的 3 只被低估的电动汽车股票</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\">2021-12-10 16:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With electric vehicle (EV) maker <b>Tesla</b> valued at more than $1 trillion and <b>Rivian</b>, which has so far produced fewer than 200 vehicles, valued at more than $100 billion, value-focused investors may find staying away from the EV stock space to be the best course of action right now. But the truth is that there are ample undervalued opportunities even in this hot segment.</p><p><blockquote>与电动汽车(EV)制造商合作<b>特斯拉</b>价值超过1万亿美元<b>Rivian</b>迄今为止,该公司生产了不到 200 辆汽车,价值超过 1000 亿美元,注重价值的投资者可能会发现,远离电动汽车股票领域是目前最好的行动方案。但事实是,即使在这个热门领域,也有大量被低估的机会。</blockquote></p><p> Let's look at three such hidden gems in the electric vehicle space.</p><p><blockquote>让我们来看看电动汽车领域隐藏的三颗宝石。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71c79fb7333c9ac1c5c74949b4c1b52b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源:盖蒂图片社。</span></p></blockquote></p><p> <b>Valuation of EV stocks</b></p><p><blockquote><b>电动汽车股票估值</b></blockquote></p><p> Trying to understand the valuations of EV stocks has become challenging lately. Not all EV stocks are getting valued the same way. As an example, consider <b>Nio</b>. The company sold 66,395 vehicles in the first nine months of 2021. Yet, its market capitalization is less than that of <b>Lucid Group</b> and Rivian, both of which have sold far fewer vehicles so far.</p><p><blockquote>最近,试图了解电动汽车股票的估值变得具有挑战性。并非所有电动汽车股票的估值都是一样的。例如,考虑<b>蔚来</b>2021年前9个月,该公司售出66,395辆汽车。然而,其市值低于<b>Lucid集团</b>和Rivian,这两家公司迄今为止的汽车销量都要少得多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0930ea5d664bfd46c1738510f8f05f3\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>NIO Market Cap data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的蔚来市值数据</span></p></blockquote></p><p> With not much of a sales history, the price-to-sales ratios of Lucid and Rivian stocks are not meaningful. Although Nio's price-to-sales ratio of nearly 10 looks high, it pales when compared to Tesla's ratio of around 24.</p><p><blockquote>由于销售历史不多,Lucid 和Rivian股票的市销率没有意义。蔚来汽车近10的市销率虽然看起来很高,但与特斯拉24左右的市销率相比就相形见绌了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ae1220d72de922e913f8428a58f24ba\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>NIO PS Ratio data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的蔚来 PS 比率数据</span></p></blockquote></p><p> For sure, Tesla commands a higher ratio for being the EV pioneer, with a strong brand image and innovative offerings. However, the premium compared to Nio looks outsized.</p><p><blockquote>当然,特斯拉作为电动汽车先驱的比例更高,拥有强大的品牌形象和创新的产品。然而,与蔚来相比,溢价看起来太大了。</blockquote></p><p> Talking more about differences in EV valuations, pure-play EV manufacturers -- that offer only EVs -- typically get valued higher compared to legacy automakers, which are now entering in the EV segment. This is likely based either on hype, or on the opinion that pure-play EV makers can offer better EVs than legacy automakers. Neither of the two seems like a valid reason to avoid legacy automakers with solid EV ambitions.</p><p><blockquote>更多地谈论电动汽车估值的差异,纯电动汽车制造商(仅提供电动汽车)的估值通常高于现在进入电动汽车领域的传统汽车制造商。这可能是基于炒作,或者是基于纯粹电动汽车制造商可以提供比传统汽车制造商更好的电动汽车的观点。这两者似乎都不是避开具有坚定电动汽车雄心的传统汽车制造商的正当理由。</blockquote></p><p> Two such companies are <b>BYD</b> and <b>Volkswagen</b>. As the above graph shows, the stocks of both these companies trade at a much lower price-to-sales ratio than that of Tesla or even Nio. Whichever way you slice or dice it, Nio, BYD, and Volkswagen stocks look better valued than most of their EV peers.</p><p><blockquote>两家这样的公司是<b>比亚迪</b>和<b>大众汽车</b>如上图所示,这两家公司的股票交易市销率远低于特斯拉甚至蔚来。无论从哪个角度来看,蔚来、比亚迪和大众汽车的股票看起来都比大多数电动汽车同行更有价值。</blockquote></p><p> <b>1. There is a lot to like about Nio</b></p><p><blockquote><b>1. 蔚来有很多值得喜欢的地方</b></blockquote></p><p> Investors will find Nio attractive for more than one reason. To begin with, the company operates in a leading and fast-growing market. Of the 2.6 million EVs sold globally in the first half of 2021, roughly 1.1 million were sold in China alone. Furthermore, in the first half of 2021, the number of EVs sold in China was equal to that sold in the country in all of 2020.</p><p><blockquote>投资者会发现蔚来有吸引力的原因不止一个。首先,该公司在一个领先且快速增长的市场中运营。2021年上半年全球售出的260万辆电动汽车中,仅中国就售出了约110万辆。此外,2021年上半年在中国销售的电动汽车数量相当于2020年全年在中国销售的电动汽车数量。</blockquote></p><p> Nio reported strong vehicle deliveries for November. Except for October, when the company reported lower deliveries due to planned upgrading of its manufacturing lines, Nio's deliveries are largely on an upward trend.</p><p><blockquote>蔚来报告 11 月份汽车交付量强劲。除了 10 月份由于计划升级生产线,该公司报告交付量有所下降外,蔚来汽车的交付量基本呈上升趋势。</blockquote></p><p> The company faces stiff competition from local players, including BYD,<b>Xpeng</b>, and <b>Li Auto</b>, as well as global EV companies including Tesla. Nio is doing well so far despite the competition. Moreover, it is planning to start deliveries of its new luxury sedan, the ET7, early next year. The new sedan has some of the best features and technology available and should further boost Nio's growth.</p><p><blockquote>该公司面临着来自比亚迪等本地企业的激烈竞争,<b>小鹏</b>,和<b>理想汽车</b>以及包括特斯拉在内的全球电动汽车公司。尽管有竞争,蔚来到目前为止做得很好。此外,该公司计划于明年初开始交付新款豪华轿车 ET7。这款新轿车拥有一些最好的功能和技术,应该会进一步推动蔚来汽车的增长。</blockquote></p><p> 2. BYD is gaining ground silently</p><p><blockquote>2、比亚迪悄然崛起</blockquote></p><p> While investors are focused on upcoming EV stocks, established Chinese automaker BYD has made a place for itself in the EV segment. According to<i>CleanTechnica</i>, BYD controls the highest share, 17%, of China's EV market, including plug-in hybrids. That's higher than the 16% market share controlled by a joint venture between SAIC Motor,<b>General Motors</b>, and Liuzhou Wuling Motors. By comparison, Tesla holds roughly 11% share of China's EV market.</p><p><blockquote>当投资者关注即将上市的电动汽车股票时,中国老牌汽车制造商比亚迪已经在电动汽车领域占据了一席之地。根据<i>清洁技术</i>比亚迪控制着中国电动汽车市场(包括插电式混合动力汽车)的最高份额,为 17%。这高于上汽集团合资企业控制的16%的市场份额,<b>通用汽车</b>、柳州五菱汽车。相比之下,特斯拉占据中国电动汽车市场约11%的份额。</blockquote></p><p> In November, sales of BYD's EV models grew 153% year over year to 46,137 units. Including plug-in hybrids, the company sold 90,121 units in the month.</p><p><blockquote>11月份,比亚迪电动车型销量同比增长153%,达到46,137辆。包括插电式混合动力车在内,该公司当月售出 90,121 辆。</blockquote></p><p> With a trailing-12-months revenue of $30.2 billion, BYD operates in three main segments. In 2020, the company earned 53% of its revenue from auto and related products, 39% from mobile handset components and assembly, and the remaining 8% from rechargeable batteries and solar products. Geographically, the company derived 61% of its revenue from China.</p><p><blockquote>比亚迪过去 12 个月的收入为 302 亿美元,主要分为三个领域。2020年,该公司53%的收入来自汽车及相关产品,39%来自手机零部件和组装,其余8%来自充电电池和太阳能产品。从地域上看,该公司61%的收入来自中国。</blockquote></p><p> With a high focus on EVs, these will likely form an increasingly higher portion of BYD's revenue mix in the coming years.</p><p><blockquote>随着对电动汽车的高度重视,这些汽车在未来几年可能会在比亚迪的收入组合中占据越来越大的份额。</blockquote></p><p> <b>3. Volkswagen has big EV ambitions</b></p><p><blockquote><b>3. 大众汽车有着远大的电动汽车野心</b></blockquote></p><p></p><p> EV investors would surely find value in top automaker Volkswagen. In the next few years, the company plans to invest 35 billion euros in electric mobility. It aims to increase its EV deliveries to 20% of its sales by 2025. By 2030, the company targets 60% of its sales in Europe to be EVs.</p><p><blockquote>电动汽车投资者肯定会在顶级汽车制造商大众汽车身上找到价值。未来几年,该公司计划在电动汽车领域投资350亿欧元。该公司的目标是到 2025 年将电动汽车交付量提高到销售额的 20%。到 2030 年,该公司的目标是其在欧洲 60% 的销量为电动汽车。</blockquote></p><p> In the first nine months, Volkswagen delivered nearly 7 million vehicles globally. Of these, roughly 293,000 were fully electric. An additional 246,000 were plug-in hybrid vehicles. So, electric or hybrid vehicles accounted for around 7.8% of the company's deliveries. For perspective, Tesla delivered 627,572 vehicles in the first nine months of this year. So, even though EVs form a small percentage of Volkswagen's total vehicle deliveries, its absolute EV deliveries are huge and will continue to grow. In short, the stock cansurely find a placein your EV portfolio.</p><p><blockquote>前九个月,大众汽车在全球交付了近700万辆汽车。其中,大约293,000辆是全电动的。另外 246,000 辆是插电式混合动力汽车。因此,电动或混合动力汽车约占该公司交付量的7.8%。从长远来看,特斯拉今年前九个月交付了 627,572 辆汽车。因此,尽管电动汽车在大众汽车总交付量中所占比例很小,但其电动汽车的绝对交付量是巨大的,并将继续增长。简而言之,该股票肯定会在您的电动汽车投资组合中找到一席之地。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/12/09/3-undervalued-ev-stocks-you-can-buy-and-hold-for-t/\">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":{"VWAGY":"大众汽车ADR","01211":"比亚迪股份","BYDDY":"比亚迪ADR","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/12/09/3-undervalued-ev-stocks-you-can-buy-and-hold-for-t/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192503036","content_text":"With electric vehicle (EV) maker Tesla valued at more than $1 trillion and Rivian, which has so far produced fewer than 200 vehicles, valued at more than $100 billion, value-focused investors may find staying away from the EV stock space to be the best course of action right now. But the truth is that there are ample undervalued opportunities even in this hot segment.\nLet's look at three such hidden gems in the electric vehicle space.\nImage source: Getty Images.\nValuation of EV stocks\nTrying to understand the valuations of EV stocks has become challenging lately. Not all EV stocks are getting valued the same way. As an example, consider Nio. The company sold 66,395 vehicles in the first nine months of 2021. Yet, its market capitalization is less than that of Lucid Group and Rivian, both of which have sold far fewer vehicles so far.\nNIO Market Cap data by YCharts\nWith not much of a sales history, the price-to-sales ratios of Lucid and Rivian stocks are not meaningful. Although Nio's price-to-sales ratio of nearly 10 looks high, it pales when compared to Tesla's ratio of around 24.\nNIO PS Ratio data by YCharts\nFor sure, Tesla commands a higher ratio for being the EV pioneer, with a strong brand image and innovative offerings. However, the premium compared to Nio looks outsized.\nTalking more about differences in EV valuations, pure-play EV manufacturers -- that offer only EVs -- typically get valued higher compared to legacy automakers, which are now entering in the EV segment. This is likely based either on hype, or on the opinion that pure-play EV makers can offer better EVs than legacy automakers. Neither of the two seems like a valid reason to avoid legacy automakers with solid EV ambitions.\nTwo such companies are BYD and Volkswagen. As the above graph shows, the stocks of both these companies trade at a much lower price-to-sales ratio than that of Tesla or even Nio. Whichever way you slice or dice it, Nio, BYD, and Volkswagen stocks look better valued than most of their EV peers.\n1. There is a lot to like about Nio\nInvestors will find Nio attractive for more than one reason. To begin with, the company operates in a leading and fast-growing market. Of the 2.6 million EVs sold globally in the first half of 2021, roughly 1.1 million were sold in China alone. Furthermore, in the first half of 2021, the number of EVs sold in China was equal to that sold in the country in all of 2020.\nNio reported strong vehicle deliveries for November. Except for October, when the company reported lower deliveries due to planned upgrading of its manufacturing lines, Nio's deliveries are largely on an upward trend.\nThe company faces stiff competition from local players, including BYD,Xpeng, and Li Auto, as well as global EV companies including Tesla. Nio is doing well so far despite the competition. Moreover, it is planning to start deliveries of its new luxury sedan, the ET7, early next year. The new sedan has some of the best features and technology available and should further boost Nio's growth.\n2. BYD is gaining ground silently\nWhile investors are focused on upcoming EV stocks, established Chinese automaker BYD has made a place for itself in the EV segment. According toCleanTechnica, BYD controls the highest share, 17%, of China's EV market, including plug-in hybrids. That's higher than the 16% market share controlled by a joint venture between SAIC Motor,General Motors, and Liuzhou Wuling Motors. By comparison, Tesla holds roughly 11% share of China's EV market.\nIn November, sales of BYD's EV models grew 153% year over year to 46,137 units. Including plug-in hybrids, the company sold 90,121 units in the month.\nWith a trailing-12-months revenue of $30.2 billion, BYD operates in three main segments. In 2020, the company earned 53% of its revenue from auto and related products, 39% from mobile handset components and assembly, and the remaining 8% from rechargeable batteries and solar products. Geographically, the company derived 61% of its revenue from China.\nWith a high focus on EVs, these will likely form an increasingly higher portion of BYD's revenue mix in the coming years.\n3. Volkswagen has big EV ambitions\nEV investors would surely find value in top automaker Volkswagen. In the next few years, the company plans to invest 35 billion euros in electric mobility. It aims to increase its EV deliveries to 20% of its sales by 2025. By 2030, the company targets 60% of its sales in Europe to be EVs.\nIn the first nine months, Volkswagen delivered nearly 7 million vehicles globally. Of these, roughly 293,000 were fully electric. An additional 246,000 were plug-in hybrid vehicles. So, electric or hybrid vehicles accounted for around 7.8% of the company's deliveries. For perspective, Tesla delivered 627,572 vehicles in the first nine months of this year. So, even though EVs form a small percentage of Volkswagen's total vehicle deliveries, its absolute EV deliveries are huge and will continue to grow. In short, the stock cansurely find a placein your EV portfolio.","news_type":1,"symbols_score_info":{"BYDDY":0.9,"NIO":0.9,"VWAGY":0.9,"01211":0.9}},"isVote":1,"tweetType":1,"viewCount":3312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606288497,"gmtCreate":1638885614818,"gmtModify":1638885615112,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>How to do [What] ","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>How to do [What] ","text":"$Phunware, Inc.(PHUN)$How to do [What]","images":[{"img":"https://static.tigerbbs.com/c4285572c0593ed69d7388f6622a4a70","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/606288497","isVote":1,"tweetType":1,"viewCount":4694,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574034651109272","authorId":"3574034651109272","name":"我是你老头儿","avatar":"https://static.tigerbbs.com/65cf17fe569267f428c35c9a57b227f4","crmLevel":12,"crmLevelSwitch":0,"idStr":"3574034651109272","authorIdStr":"3574034651109272"},"content":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going.","text":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going.","html":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going."}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":600723803,"gmtCreate":1638199017466,"gmtModify":1638199034929,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>[Cry] ","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>[Cry] ","text":"$TAL Education Group(TAL)$[Cry]","images":[{"img":"https://static.tigerbbs.com/96d984fea7b76a3b9db05501d5feb591","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600723803","isVote":1,"tweetType":1,"viewCount":2989,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":875497004,"gmtCreate":1637678027413,"gmtModify":1637678027732,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a> Go go [Bless] ","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a> Go go [Bless] ","text":"$TAL Education Group(TAL)$ Go go [Bless]","images":[{"img":"https://static.tigerbbs.com/9e16db036220be0be16eb2fde1614fb3","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/875497004","isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876458274,"gmtCreate":1637345834720,"gmtModify":1637345845007,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>Pls go faster [Sad] ","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>Pls go faster [Sad] ","text":"$TAL Education Group(TAL)$Pls go faster [Sad]","images":[{"img":"https://static.tigerbbs.com/21644ee8576e2c29536d72ee44a382d6","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876458274","isVote":1,"tweetType":1,"viewCount":3456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876010474,"gmtCreate":1637243270953,"gmtModify":1637243271133,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Go go [Cool] ","listText":"Go go [Cool] ","text":"Go go [Cool]","images":[{"img":"https://static.tigerbbs.com/e3eca24dc1c6c3c8046213319c722aa7","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876010474","isVote":1,"tweetType":1,"viewCount":2924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876034761,"gmtCreate":1637243003418,"gmtModify":1637243003562,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>[Cry] stilling waiting to soar","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>[Cry] stilling waiting to soar","text":"$TAL Education Group(TAL)$[Cry] stilling waiting to soar","images":[{"img":"https://static.tigerbbs.com/f5cdee09dcd1b73916b322d6b7a1cc4a","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876034761","isVote":1,"tweetType":1,"viewCount":3341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870039784,"gmtCreate":1636557319580,"gmtModify":1636557675668,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Need Trump’s speech [Cry] ","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Need Trump’s speech [Cry] ","text":"$Phunware, Inc.(PHUN)$Need Trump’s speech [Cry]","images":[{"img":"https://static.tigerbbs.com/69ddd6f9b141f9be372bfb8d0a866faf","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870039784","isVote":1,"tweetType":1,"viewCount":4373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870090157,"gmtCreate":1636556858968,"gmtModify":1636557573976,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/LAZR\">$Luminar Technologies, Inc.(LAZR)$</a>I believe thisstock will soar up sooner or later [Miser] ","listText":"<a href=\"https://laohu8.com/S/LAZR\">$Luminar Technologies, Inc.(LAZR)$</a>I believe thisstock will soar up sooner or later [Miser] ","text":"$Luminar Technologies, Inc.(LAZR)$I believe thisstock will soar up sooner or later [Miser]","images":[{"img":"https://static.tigerbbs.com/e2f7a92283e78178593c39d272cc673c","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870090157","isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847934101,"gmtCreate":1636471286348,"gmtModify":1636471287353,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Great] ","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Great] ","text":"$NVIDIA Corp(NVDA)$[Great]","images":[{"img":"https://static.tigerbbs.com/486ec8873e3199dfca64720b7ba6c93f","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847934101","isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844974704,"gmtCreate":1636385696257,"gmtModify":1636385696635,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Cool] ","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>[Cool] ","text":"$NVIDIA Corp(NVDA)$[Cool]","images":[{"img":"https://static.tigerbbs.com/7c3e6404aed419ff93c4e0fcbe6f3fad","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844974704","isVote":1,"tweetType":1,"viewCount":1143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842265617,"gmtCreate":1636183728534,"gmtModify":1636183728956,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[Cool] ","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[Cool] ","text":"$NIO Inc.(NIO)$[Cool]","images":[{"img":"https://static.tigerbbs.com/bc49e15b8a720d731d12d95567e70f48","width":"750","height":"1760"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842265617","isVote":1,"tweetType":1,"viewCount":730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842262780,"gmtCreate":1636183672648,"gmtModify":1636183673100,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/LCID\">$Lucid Group Inc(LCID)$</a>[Love you] ","listText":"<a href=\"https://laohu8.com/S/LCID\">$Lucid Group Inc(LCID)$</a>[Love you] ","text":"$Lucid Group Inc(LCID)$[Love you]","images":[{"img":"https://static.tigerbbs.com/648ebc81f213529a7a1d6192123e68aa","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842262780","isVote":1,"tweetType":1,"viewCount":708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842074250,"gmtCreate":1636122864229,"gmtModify":1636122874726,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>still waiting to soar","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>still waiting to soar","text":"$TAL Education Group(TAL)$still waiting to soar","images":[{"img":"https://static.tigerbbs.com/193ef5d10f3d25f84b05dcd2c1834fc8","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842074250","isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":846497877,"gmtCreate":1636102839027,"gmtModify":1636103212842,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Any news from Trump??[Cry] ","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Any news from Trump??[Cry] ","text":"$Phunware, Inc.(PHUN)$Any news from Trump??[Cry]","images":[{"img":"https://static.tigerbbs.com/ec85f31f556ce44796de21590edae059","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846497877","isVote":1,"tweetType":1,"viewCount":876,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":846589712,"gmtCreate":1636096672605,"gmtModify":1636096672943,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Keep going~~~","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Keep going~~~","text":"$NVIDIA Corp(NVDA)$Keep going~~~","images":[{"img":"https://static.tigerbbs.com/c11a23d382253b3587a41fd196ce3be6","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/846589712","isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":841598342,"gmtCreate":1635922342226,"gmtModify":1635922342369,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>When will you save this shareholders??? 🥲🥲🥲","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>When will you save this shareholders??? 🥲🥲🥲","text":"$TAL Education Group(TAL)$When will you save this shareholders??? 🥲🥲🥲","images":[{"img":"https://static.tigerbbs.com/06c808be04073760c640cb3d08b3789d","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841598342","isVote":1,"tweetType":1,"viewCount":1014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":843753212,"gmtCreate":1635860456161,"gmtModify":1635860584443,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Need Trump’s speech 🥺","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Need Trump’s speech 🥺","text":"$Phunware, Inc.(PHUN)$Need Trump’s speech 🥺","images":[{"img":"https://static.tigerbbs.com/c8bbf3f25586ef94c0688e11d424e18c","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843753212","isVote":1,"tweetType":1,"viewCount":1137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":855156264,"gmtCreate":1635344952422,"gmtModify":1635345368418,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Who bought with this cost price like me?","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Who bought with this cost price like me?","text":"$Phunware, Inc.(PHUN)$Who bought with this cost price like me?","images":[{"img":"https://static.tigerbbs.com/65bbee553e46d89bae3f74e82fc4f647","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":1,"link":"https://laohu8.com/post/855156264","isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":118203257,"gmtCreate":1622732260379,"gmtModify":1634098593970,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Huhh","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Huhh","text":"$AMC Entertainment(AMC)$Huhh","images":[{"img":"https://static.tigerbbs.com/167e0651d3ef45eb30e00e8847ec9740","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":1,"link":"https://laohu8.com/post/118203257","isVote":1,"tweetType":1,"viewCount":2953,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575333020532566","authorId":"3575333020532566","name":"霸气缭绕","avatar":"https://static.tigerbbs.com/8a5ecbf57f290d83e7c703dab721834b","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575333020532566","authorIdStr":"3575333020532566"},"content":"要起飞了!抱住别卖","text":"要起飞了!抱住别卖","html":"要起飞了!抱住别卖"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":606288497,"gmtCreate":1638885614818,"gmtModify":1638885615112,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>How to do [What] ","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>How to do [What] ","text":"$Phunware, Inc.(PHUN)$How to do [What]","images":[{"img":"https://static.tigerbbs.com/c4285572c0593ed69d7388f6622a4a70","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/606288497","isVote":1,"tweetType":1,"viewCount":4694,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574034651109272","authorId":"3574034651109272","name":"我是你老头儿","avatar":"https://static.tigerbbs.com/65cf17fe569267f428c35c9a57b227f4","crmLevel":12,"crmLevelSwitch":0,"idStr":"3574034651109272","authorIdStr":"3574034651109272"},"content":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going.","text":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going.","html":"dont listen to the shorty bs. Just try to hold or avg down. The stock is steady going."}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":110375909,"gmtCreate":1622427855901,"gmtModify":1634101562592,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Like and cmt pls. :)))","listText":"Like and cmt pls. :)))","text":"Like and cmt pls. :)))","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/110375909","repostId":"2139438981","repostType":4,"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118290956,"gmtCreate":1622732512975,"gmtModify":1634098589615,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>Should hold?","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>Should hold?","text":"$TAL Education Group(TAL)$Should hold?","images":[{"img":"https://static.tigerbbs.com/ba2f61fa8d1179515ccb223e4cd06b32","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/118290956","isVote":1,"tweetType":1,"viewCount":2469,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3536830827207663","authorId":"3536830827207663","name":"hklee","avatar":"https://static.tigerbbs.com/a2cce805c9fb688caccd79f9da1281d7","crmLevel":1,"crmLevelSwitch":0,"idStr":"3536830827207663","authorIdStr":"3536830827207663"},"content":"和我成本差不多,怎么办兄弟?","text":"和我成本差不多,怎么办兄弟?","html":"和我成本差不多,怎么办兄弟?"},{"author":{"id":"3457571045372009","authorId":"3457571045372009","name":"A股坑死我","avatar":"https://static.laohu8.com/151ddc61840371a1d2f9ba908104ae5e","crmLevel":2,"crmLevelSwitch":0,"idStr":"3457571045372009","authorIdStr":"3457571045372009"},"content":"Yes. It will $100","text":"Yes. It will $100","html":"Yes. It will $100"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":137902242,"gmtCreate":1622278098786,"gmtModify":1634102547212,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Pls response","listText":"Pls response","text":"Pls response","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/137902242","repostId":"1188611521","repostType":4,"isVote":1,"tweetType":1,"viewCount":948,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113499801,"gmtCreate":1622631122403,"gmtModify":1634099773101,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Pls like my cmt","listText":"Pls like my cmt","text":"Pls like my cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/113499801","repostId":"1104336218","repostType":4,"repost":{"id":"1104336218","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":1622628284,"share":"https://www.laohunote.com/m/news/1104336218?lang=zh_CN&edition=full","pubTime":"2021-06-02 18:04","market":"us","language":"en","title":"RLX Technology Q1 revenues $366.1 million,up 48.2% YOY<blockquote>RLX科技第一季度营收3.661亿美元,同比增长48.2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104336218","media":"Tiger Newspress","summary":"RLX Technology Inc., a leading branded e-vapor company in China, today announced its unaudited finan","content":"<p>RLX Technology Inc., a leading branded e-vapor company in China, today announced its unaudited financial results for the first quarter endedMarch 31, 2021.</p><p><blockquote>中国领先的品牌电子蒸汽公司RLX科技公司今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</blockquote></p><p><b><u>First Quarter 2021 Financial Highlights</u></b></p><p><blockquote><b><u>2021年第一季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b> were RMB2,398.5 million(US$366.1 million), representing an increase of 48.2% from RMB1,618.5 millionin the fourth quarter of 2020.</li><li><b>Gross margin</b> was 46.0%, compared to 42.9% in the fourth quarter of 2020.</li><li><b>GAAP</b> <b>netloss</b> was RMB267.0 million(US$40.8 million), compared withRMB236.7 millionin the fourth quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>was RMB610.5 million(US$93.2 million), representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.</li></ul>RLX Technology stock surged 5% in premarket trading.</p><p><blockquote><ul><li><b>净收入</b>为人民币2,398.5百万元(366.1百万美元),较二零二零年第四季度的人民币1,618.5百万元增长48.2%。</li><li><b>毛利率</b>为 46.0%,而 2020 年第四季度为 42.9%。</li><li><b>公认会计准则</b> <b>网损</b>2020 年第四季度为人民币 2.670 亿元(4,080 万美元),而 2020 年第四季度为人民币 2.367 亿元。</li><li><b>非 GAAP 净利润[1]</b>为人民币6.105亿元(93.2百万美元),较2020年第四季度的人民币4.193亿元增长45.6%。</li></ul>RLX科技股价在盘前交易中飙升 5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f8e41217bab21ae2e0b69073c4d5e48b\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p>\"2021 began, on a solid note, with strong growth in key performance metrics of our business,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"Specifically, our expansion in distribution network fueled a strong sequential growth, further demonstrating sustained user demand for our e-vapor product portfolio.\"</p><p><blockquote>RLX科技联合创始人、董事会主席兼首席执行官王颖女士表示:“2021 年伊始,我们业务的关键绩效指标强劲增长。”“具体来说,我们在分销网络方面的扩张推动了强劲的环比增长,进一步证明了用户对我们 e-vapor 产品组合的持续需求。”</blockquote></p><p>\"As the go-to brand of e-vapor products inChina, we remain dedicated to investing in deepening our scientific research, improving our technology and product development, expanding our distribution network and retail outlets as well as enhancing supply chain and production capabilities. In the first quarter, we opened our<i>Quality Lab</i>to further strengthen our quality assurance and control capabilities, and started developing our second and third exclusive production plants to enhance our production capabilities. We believe we are well positioned to further capture the growth potential in the e-vapor industry inChina,\" Ms. Wang concluded.</p><p><blockquote>「作为e-vapor产品在中国的首选品牌,我们继续致力于深化科研、提升技术和产品开发、扩大分销网络和零售点,以及提升供应链和生产能力。第一季度,我们开设了<i>质量实验室</i>进一步加强我们的质量保证及控制能力,并开始发展我们的第二及第三独家生产厂房,以提升我们的生产能力。我们相信我们处于有利地位,可以进一步抓住中国电子蒸汽行业的增长潜力。”王女士总结道。</blockquote></p><p>\"Our robust results in the first quarter of 2021 exemplify our strong capabilities in meeting user demands for reliable, innovative and trustworthy products,\" said Mr.Chao Lu, Chief Financial Officer. \"Building on rapid revenue growth and continued efforts in improving operating leverage, our gross margin and non-GAAP net margin have remained steady in the first quarter. We will continue to pursue user value creation by enhancing our suite of product offerings and strengthening our brand leadership in the market.\"</p><p><blockquote>首席财务官陆超先生表示:“我们2021年第一季度的强劲业绩证明了我们在满足用户对可靠、创新和值得信赖的产品需求方面的强大能力。”“在收入快速增长和持续努力提高运营杠杆的基础上,我们第一季度的毛利率和非美国通用会计准则净利润率保持稳定。我们将继续通过增强我们的产品套件和加强我们的品牌在市场上的领导地位来追求用户价值创造。”</blockquote></p><p><b><u>First Quarter 2021 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2021年第一季度未经审计财务业绩</u></b></blockquote></p><p><b>Net revenues</b> increased by 48.2% toRMB2,398.5 million(US$366.1 million) in the first quarter of 2021 fromRMB1,618.5 millionin the fourth quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>由二零二零年第四季度的人民币16.185亿元增加48.2%至2021年第一季度的人民币23.985亿元(3.661亿美元)。该增加主要由于向线下分销商销售所得收益净额增加,主要归因于本公司分销及零售网络的扩张。</blockquote></p><p><b>Gross profit</b> increased by 59.1% to RMB1,104.1 million (US$168.5 million) in the first quarter of 2021 fromRMB694.1 millionin the fourth quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第四季度的人民币694.1百万元增长59.1%至2021年第一季度的人民币1104.1百万元(1.685亿美元)。</blockquote></p><p><b>Gross margin</b> increased to 46.0% in the first quarter of 2021, compared to 42.9% in the fourth quarter of 2020.</p><p><blockquote><b>毛利率</b>2021年第一季度增至46.0%,而2020年第四季度为42.9%。</blockquote></p><p><b>Operating expenses</b> wereRMB1,216.0 million(US$185.6 million) in the first quarter of 2021, representing an increase of 42.6% fromRMB852.6 millionin the fourth quarter of 2020.</p><p><blockquote><b>营运开支</b>2021年第一季度为人民币12.16亿元(1.856亿美元),较2020年第四季度的人民币8.526亿元增长42.6%。</blockquote></p><p><i>Selling expenses</i>increased by 48.2% to RMB291.5 million (US$44.5 million) in the first quarter of 2021 fromRMB196.7 millionin the fourth quarter of 2020. The increase was mainly driven by (i) an increase in salaries and welfare benefits, (ii) an increase in branding material expenses, and (iii) an increase in shipping expenses.</p><p><blockquote><i>销售费用</i>从2020年第四季度的人民币1.967亿元增长48.2%至2021年第一季度的人民币2.915亿元(4450万美元)。该增加主要由于(i)薪金及福利待遇增加、(ii)品牌材料开支增加及(iii)运费增加所致。</blockquote></p><p><i>General and administrative expenses</i> increased by 59.5% toRMB712.8 million(US$108.8 million) in the first quarter of 2021 fromRMB447.0 millionin the fourth quarter of 2020. The increase was primarily due to (i) an increase in salaries and welfare benefits, and (ii) an increase in share-based compensation expenses, partially offset by a decrease in legal and other consulting fees.</p><p><blockquote><i>一般及行政开支</i>由二零二零年第四季度的人民币4.47亿元增加59.5%至2021年第一季度的人民币7.12.8亿元(1.088亿美元)。增加主要由于(i)薪金及福利待遇增加,及(ii)以股份为基础的薪酬开支增加,但部分被法律及其他谘询费用减少所抵销。</blockquote></p><p><i>Research and development expenses</i>increased by 1.3% to RMB211.6 million (US$32.3 million) in the first quarter of 2021 fromRMB208.9 millionin the fourth quarter of 2020. The increase was primarily driven by an increase in salaries and welfare benefits, partially offset by (i) a decrease in share-based compensation expenses, and (ii) a decrease in material expenses.</p><p><blockquote><i>研发开支</i>从2020年第四季度的人民币2.089亿元增长1.3%至2021年第一季度的人民币2.116亿元(3230万美元)。该增加主要是由于薪金及福利增加所致,但部分被(i)以股份为基础的薪酬开支减少及(ii)重大开支减少所抵销。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB877.5million (US$133.9 million) in the first quarter of 2021 andRMB656.1 million in the fourth quarter of 2020.</p><p><blockquote>2021 年第一季度在销售费用、一般和管理费用以及研发费用中确认的股权薪酬费用总额为人民币 8.775 亿元(1.339 亿美元),2020 年第四季度为人民币 6.561 亿元。</blockquote></p><p></p><p><b>Loss from operations</b> was RMB111.9 million (US$17.1 million) in the first quarter of 2021, compared withRMB158.5 million in the fourth quarter of 2020.</p><p><blockquote><b>经营亏损</b>2021 年第一季度为人民币 1.119 亿元(1710 万美元),而 2020 年第四季度为人民币 1.585 亿元。</blockquote></p><p><b>Income tax expense</b> wasRMB176.3 million (US$26.9 million) in the first quarter of 2021, compared withRMB110.6 million in the fourth quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税开支</b>2021 年第一季度为人民币 1.763 亿元(2690 万美元),而 2020 年第四季度为人民币 1.106 亿元,主要是由于应纳税所得额增加。</blockquote></p><p><b>GAAPnet loss</b> was RMB267.0 million (US$40.8 million) in the first quarter of 2021, compared withRMB236.7 million in the fourth quarter of 2020.</p><p><blockquote><b>网损</b>2021 年第一季度为人民币 2.67 亿元(4,080 万美元),而 2020 年第四季度为人民币 2.367 亿元。</blockquote></p><p><b>Non-GAAP net income</b> was RMB610.5 million(US$93.2 million) in the first quarter of 2021, representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2021 年第一季度为人民币 6.105 亿元(9,320 万美元),较 2020 年第四季度的人民币 4.193 亿元增长 45.6%。</blockquote></p><p><b>GAAP basic and diluted net loss per American depositary share (\"ADS\")</b> were bothRMB0.174(US$0.027)in the first quarter of 2021, compared toRMB0.165in the fourth quarter of 2020.</p><p><blockquote><b>GAAP 每股美国存托股(“ADS”)基本和摊薄净亏损</b>2021 年第一季度均为人民币 0.174 元(0.027 美元),而 2020 年第四季度为人民币 0.165。</blockquote></p><p><b>Non-GAAP basic and diluted netincome per ADS[2]</b>were both RMB0.398(US$0.061)in the first quarter of 2021, compared toRMB0.292in the fourth quarter of 2020.</p><p><blockquote><b>非 GAAP 每股 ADS 基本和稀释净利润[2]</b>2021 年第一季度均为人民币 0.398 元(0.061 美元),而 2020 年第四季度为人民币 0.292。</blockquote></p><p><b><u>Balance Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofMarch 31, 2021, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments and long-term bank deposits ofRMB14,437.8 million (US$2,203.6 million), compared toRMB3,421.4 millionas ofDecember 31, 2020. The increase was primarily due to net proceeds raised in the Company's initial public offering inJanuary 2021. As of March 31, 2021, approximatelyUS$1,647.2 million(RMB10,792.2 million) was denominated in U.S. dollars.</p><p><blockquote>截至2021年3月31日,本公司的现金及现金等价物、受限制现金、短期银行存款、短期投资及长期银行存款为人民币14,437.8百万元(2,203.6百万美元),而截至2020年12月31日为人民币3,421.4百万元。该增加主要是由于公司2021年1月首次公开募股筹集的所得款项净额。截至2021年3月31日,约1,647.2百万美元(人民币10,792.2百万元)以美元计值。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company currently expects net revenues to exceedRMB2,850 million, and expects non-GAAP net income to exceedRMB720 million. The Company's expected GAAP net income will include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company currently also expects gross margin to remain steady.</p><p><blockquote>2021年第二季度,公司目前预计净收入将超过人民币28.5亿元,非美国通用会计准则净利润将超过人民币7.2亿元。公司的预期 GAAP 净利润将包括基于股份的薪酬费用,这些费用取决于公司的股价,如果不付出不合理的努力就无法获得。该公司目前还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前的市场状况,包括与 COVID-19 大流行相关的市场状况,反映了公司对市场和运营状况以及用户需求的初步估计,这些都可能发生变化。请参阅本新闻稿中的“安全港声明”,了解与前瞻性声明相关的风险。</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>RLX Technology Q1 revenues $366.1 million,up 48.2% YOY<blockquote>RLX科技第一季度营收3.661亿美元,同比增长48.2%</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\">\nRLX Technology Q1 revenues $366.1 million,up 48.2% YOY<blockquote>RLX科技第一季度营收3.661亿美元,同比增长48.2%</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\">2021-06-02 18:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>RLX Technology Inc., a leading branded e-vapor company in China, today announced its unaudited financial results for the first quarter endedMarch 31, 2021.</p><p><blockquote>中国领先的品牌电子蒸汽公司RLX科技公司今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</blockquote></p><p><b><u>First Quarter 2021 Financial Highlights</u></b></p><p><blockquote><b><u>2021年第一季度财务摘要</u></b></blockquote></p><p><ul><li><b>Net revenues</b> were RMB2,398.5 million(US$366.1 million), representing an increase of 48.2% from RMB1,618.5 millionin the fourth quarter of 2020.</li><li><b>Gross margin</b> was 46.0%, compared to 42.9% in the fourth quarter of 2020.</li><li><b>GAAP</b> <b>netloss</b> was RMB267.0 million(US$40.8 million), compared withRMB236.7 millionin the fourth quarter of 2020.</li><li><b>Non-GAAP net income[1]</b>was RMB610.5 million(US$93.2 million), representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.</li></ul>RLX Technology stock surged 5% in premarket trading.</p><p><blockquote><ul><li><b>净收入</b>为人民币2,398.5百万元(366.1百万美元),较二零二零年第四季度的人民币1,618.5百万元增长48.2%。</li><li><b>毛利率</b>为 46.0%,而 2020 年第四季度为 42.9%。</li><li><b>公认会计准则</b> <b>网损</b>2020 年第四季度为人民币 2.670 亿元(4,080 万美元),而 2020 年第四季度为人民币 2.367 亿元。</li><li><b>非 GAAP 净利润[1]</b>为人民币6.105亿元(93.2百万美元),较2020年第四季度的人民币4.193亿元增长45.6%。</li></ul>RLX科技股价在盘前交易中飙升 5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f8e41217bab21ae2e0b69073c4d5e48b\" tg-width=\"1302\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p>\"2021 began, on a solid note, with strong growth in key performance metrics of our business,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"Specifically, our expansion in distribution network fueled a strong sequential growth, further demonstrating sustained user demand for our e-vapor product portfolio.\"</p><p><blockquote>RLX科技联合创始人、董事会主席兼首席执行官王颖女士表示:“2021 年伊始,我们业务的关键绩效指标强劲增长。”“具体来说,我们在分销网络方面的扩张推动了强劲的环比增长,进一步证明了用户对我们 e-vapor 产品组合的持续需求。”</blockquote></p><p>\"As the go-to brand of e-vapor products inChina, we remain dedicated to investing in deepening our scientific research, improving our technology and product development, expanding our distribution network and retail outlets as well as enhancing supply chain and production capabilities. In the first quarter, we opened our<i>Quality Lab</i>to further strengthen our quality assurance and control capabilities, and started developing our second and third exclusive production plants to enhance our production capabilities. We believe we are well positioned to further capture the growth potential in the e-vapor industry inChina,\" Ms. Wang concluded.</p><p><blockquote>「作为e-vapor产品在中国的首选品牌,我们继续致力于深化科研、提升技术和产品开发、扩大分销网络和零售点,以及提升供应链和生产能力。第一季度,我们开设了<i>质量实验室</i>进一步加强我们的质量保证及控制能力,并开始发展我们的第二及第三独家生产厂房,以提升我们的生产能力。我们相信我们处于有利地位,可以进一步抓住中国电子蒸汽行业的增长潜力。”王女士总结道。</blockquote></p><p>\"Our robust results in the first quarter of 2021 exemplify our strong capabilities in meeting user demands for reliable, innovative and trustworthy products,\" said Mr.Chao Lu, Chief Financial Officer. \"Building on rapid revenue growth and continued efforts in improving operating leverage, our gross margin and non-GAAP net margin have remained steady in the first quarter. We will continue to pursue user value creation by enhancing our suite of product offerings and strengthening our brand leadership in the market.\"</p><p><blockquote>首席财务官陆超先生表示:“我们2021年第一季度的强劲业绩证明了我们在满足用户对可靠、创新和值得信赖的产品需求方面的强大能力。”“在收入快速增长和持续努力提高运营杠杆的基础上,我们第一季度的毛利率和非美国通用会计准则净利润率保持稳定。我们将继续通过增强我们的产品套件和加强我们的品牌在市场上的领导地位来追求用户价值创造。”</blockquote></p><p><b><u>First Quarter 2021 Unaudited Financial Results</u></b></p><p><blockquote><b><u>2021年第一季度未经审计财务业绩</u></b></blockquote></p><p><b>Net revenues</b> increased by 48.2% toRMB2,398.5 million(US$366.1 million) in the first quarter of 2021 fromRMB1,618.5 millionin the fourth quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.</p><p><blockquote><b>净收入</b>由二零二零年第四季度的人民币16.185亿元增加48.2%至2021年第一季度的人民币23.985亿元(3.661亿美元)。该增加主要由于向线下分销商销售所得收益净额增加,主要归因于本公司分销及零售网络的扩张。</blockquote></p><p><b>Gross profit</b> increased by 59.1% to RMB1,104.1 million (US$168.5 million) in the first quarter of 2021 fromRMB694.1 millionin the fourth quarter of 2020.</p><p><blockquote><b>毛利</b>从2020年第四季度的人民币694.1百万元增长59.1%至2021年第一季度的人民币1104.1百万元(1.685亿美元)。</blockquote></p><p><b>Gross margin</b> increased to 46.0% in the first quarter of 2021, compared to 42.9% in the fourth quarter of 2020.</p><p><blockquote><b>毛利率</b>2021年第一季度增至46.0%,而2020年第四季度为42.9%。</blockquote></p><p><b>Operating expenses</b> wereRMB1,216.0 million(US$185.6 million) in the first quarter of 2021, representing an increase of 42.6% fromRMB852.6 millionin the fourth quarter of 2020.</p><p><blockquote><b>营运开支</b>2021年第一季度为人民币12.16亿元(1.856亿美元),较2020年第四季度的人民币8.526亿元增长42.6%。</blockquote></p><p><i>Selling expenses</i>increased by 48.2% to RMB291.5 million (US$44.5 million) in the first quarter of 2021 fromRMB196.7 millionin the fourth quarter of 2020. The increase was mainly driven by (i) an increase in salaries and welfare benefits, (ii) an increase in branding material expenses, and (iii) an increase in shipping expenses.</p><p><blockquote><i>销售费用</i>从2020年第四季度的人民币1.967亿元增长48.2%至2021年第一季度的人民币2.915亿元(4450万美元)。该增加主要由于(i)薪金及福利待遇增加、(ii)品牌材料开支增加及(iii)运费增加所致。</blockquote></p><p><i>General and administrative expenses</i> increased by 59.5% toRMB712.8 million(US$108.8 million) in the first quarter of 2021 fromRMB447.0 millionin the fourth quarter of 2020. The increase was primarily due to (i) an increase in salaries and welfare benefits, and (ii) an increase in share-based compensation expenses, partially offset by a decrease in legal and other consulting fees.</p><p><blockquote><i>一般及行政开支</i>由二零二零年第四季度的人民币4.47亿元增加59.5%至2021年第一季度的人民币7.12.8亿元(1.088亿美元)。增加主要由于(i)薪金及福利待遇增加,及(ii)以股份为基础的薪酬开支增加,但部分被法律及其他谘询费用减少所抵销。</blockquote></p><p><i>Research and development expenses</i>increased by 1.3% to RMB211.6 million (US$32.3 million) in the first quarter of 2021 fromRMB208.9 millionin the fourth quarter of 2020. The increase was primarily driven by an increase in salaries and welfare benefits, partially offset by (i) a decrease in share-based compensation expenses, and (ii) a decrease in material expenses.</p><p><blockquote><i>研发开支</i>从2020年第四季度的人民币2.089亿元增长1.3%至2021年第一季度的人民币2.116亿元(3230万美元)。该增加主要是由于薪金及福利增加所致,但部分被(i)以股份为基础的薪酬开支减少及(ii)重大开支减少所抵销。</blockquote></p><p>Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB877.5million (US$133.9 million) in the first quarter of 2021 andRMB656.1 million in the fourth quarter of 2020.</p><p><blockquote>2021 年第一季度在销售费用、一般和管理费用以及研发费用中确认的股权薪酬费用总额为人民币 8.775 亿元(1.339 亿美元),2020 年第四季度为人民币 6.561 亿元。</blockquote></p><p></p><p><b>Loss from operations</b> was RMB111.9 million (US$17.1 million) in the first quarter of 2021, compared withRMB158.5 million in the fourth quarter of 2020.</p><p><blockquote><b>经营亏损</b>2021 年第一季度为人民币 1.119 亿元(1710 万美元),而 2020 年第四季度为人民币 1.585 亿元。</blockquote></p><p><b>Income tax expense</b> wasRMB176.3 million (US$26.9 million) in the first quarter of 2021, compared withRMB110.6 million in the fourth quarter of 2020, primarily due to an increase in taxable income.</p><p><blockquote><b>所得税开支</b>2021 年第一季度为人民币 1.763 亿元(2690 万美元),而 2020 年第四季度为人民币 1.106 亿元,主要是由于应纳税所得额增加。</blockquote></p><p><b>GAAPnet loss</b> was RMB267.0 million (US$40.8 million) in the first quarter of 2021, compared withRMB236.7 million in the fourth quarter of 2020.</p><p><blockquote><b>网损</b>2021 年第一季度为人民币 2.67 亿元(4,080 万美元),而 2020 年第四季度为人民币 2.367 亿元。</blockquote></p><p><b>Non-GAAP net income</b> was RMB610.5 million(US$93.2 million) in the first quarter of 2021, representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.</p><p><blockquote><b>非公认会计准则净利润</b>2021 年第一季度为人民币 6.105 亿元(9,320 万美元),较 2020 年第四季度的人民币 4.193 亿元增长 45.6%。</blockquote></p><p><b>GAAP basic and diluted net loss per American depositary share (\"ADS\")</b> were bothRMB0.174(US$0.027)in the first quarter of 2021, compared toRMB0.165in the fourth quarter of 2020.</p><p><blockquote><b>GAAP 每股美国存托股(“ADS”)基本和摊薄净亏损</b>2021 年第一季度均为人民币 0.174 元(0.027 美元),而 2020 年第四季度为人民币 0.165。</blockquote></p><p><b>Non-GAAP basic and diluted netincome per ADS[2]</b>were both RMB0.398(US$0.061)in the first quarter of 2021, compared toRMB0.292in the fourth quarter of 2020.</p><p><blockquote><b>非 GAAP 每股 ADS 基本和稀释净利润[2]</b>2021 年第一季度均为人民币 0.398 元(0.061 美元),而 2020 年第四季度为人民币 0.292。</blockquote></p><p><b><u>Balance Sheet</u></b></p><p><blockquote><b><u>资产负债表</u></b></blockquote></p><p>As ofMarch 31, 2021, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments and long-term bank deposits ofRMB14,437.8 million (US$2,203.6 million), compared toRMB3,421.4 millionas ofDecember 31, 2020. The increase was primarily due to net proceeds raised in the Company's initial public offering inJanuary 2021. As of March 31, 2021, approximatelyUS$1,647.2 million(RMB10,792.2 million) was denominated in U.S. dollars.</p><p><blockquote>截至2021年3月31日,本公司的现金及现金等价物、受限制现金、短期银行存款、短期投资及长期银行存款为人民币14,437.8百万元(2,203.6百万美元),而截至2020年12月31日为人民币3,421.4百万元。该增加主要是由于公司2021年1月首次公开募股筹集的所得款项净额。截至2021年3月31日,约1,647.2百万美元(人民币10,792.2百万元)以美元计值。</blockquote></p><p><b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company currently expects net revenues to exceedRMB2,850 million, and expects non-GAAP net income to exceedRMB720 million. The Company's expected GAAP net income will include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company currently also expects gross margin to remain steady.</p><p><blockquote>2021年第二季度,公司目前预计净收入将超过人民币28.5亿元,非美国通用会计准则净利润将超过人民币7.2亿元。公司的预期 GAAP 净利润将包括基于股份的薪酬费用,这些费用取决于公司的股价,如果不付出不合理的努力就无法获得。该公司目前还预计毛利率将保持稳定。</blockquote></p><p>The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.</p><p><blockquote>上述展望基于当前的市场状况,包括与 COVID-19 大流行相关的市场状况,反映了公司对市场和运营状况以及用户需求的初步估计,这些都可能发生变化。请参阅本新闻稿中的“安全港声明”,了解与前瞻性声明相关的风险。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RLX":"雾芯科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104336218","content_text":"RLX Technology Inc., a leading branded e-vapor company in China, today announced its unaudited financial results for the first quarter endedMarch 31, 2021.First Quarter 2021 Financial HighlightsNet revenues were RMB2,398.5 million(US$366.1 million), representing an increase of 48.2% from RMB1,618.5 millionin the fourth quarter of 2020.Gross margin was 46.0%, compared to 42.9% in the fourth quarter of 2020.GAAP netloss was RMB267.0 million(US$40.8 million), compared withRMB236.7 millionin the fourth quarter of 2020.Non-GAAP net income[1]was RMB610.5 million(US$93.2 million), representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.RLX Technology stock surged 5% in premarket trading.\"2021 began, on a solid note, with strong growth in key performance metrics of our business,\" said Ms.Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors and Chief Executive Officer of RLX Technology. \"Specifically, our expansion in distribution network fueled a strong sequential growth, further demonstrating sustained user demand for our e-vapor product portfolio.\"\"As the go-to brand of e-vapor products inChina, we remain dedicated to investing in deepening our scientific research, improving our technology and product development, expanding our distribution network and retail outlets as well as enhancing supply chain and production capabilities. In the first quarter, we opened ourQuality Labto further strengthen our quality assurance and control capabilities, and started developing our second and third exclusive production plants to enhance our production capabilities. We believe we are well positioned to further capture the growth potential in the e-vapor industry inChina,\" Ms. Wang concluded.\"Our robust results in the first quarter of 2021 exemplify our strong capabilities in meeting user demands for reliable, innovative and trustworthy products,\" said Mr.Chao Lu, Chief Financial Officer. \"Building on rapid revenue growth and continued efforts in improving operating leverage, our gross margin and non-GAAP net margin have remained steady in the first quarter. We will continue to pursue user value creation by enhancing our suite of product offerings and strengthening our brand leadership in the market.\"First Quarter 2021 Unaudited Financial ResultsNet revenues increased by 48.2% toRMB2,398.5 million(US$366.1 million) in the first quarter of 2021 fromRMB1,618.5 millionin the fourth quarter of 2020. The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the Company's distribution and retail network.Gross profit increased by 59.1% to RMB1,104.1 million (US$168.5 million) in the first quarter of 2021 fromRMB694.1 millionin the fourth quarter of 2020.Gross margin increased to 46.0% in the first quarter of 2021, compared to 42.9% in the fourth quarter of 2020.Operating expenses wereRMB1,216.0 million(US$185.6 million) in the first quarter of 2021, representing an increase of 42.6% fromRMB852.6 millionin the fourth quarter of 2020.Selling expensesincreased by 48.2% to RMB291.5 million (US$44.5 million) in the first quarter of 2021 fromRMB196.7 millionin the fourth quarter of 2020. The increase was mainly driven by (i) an increase in salaries and welfare benefits, (ii) an increase in branding material expenses, and (iii) an increase in shipping expenses.General and administrative expenses increased by 59.5% toRMB712.8 million(US$108.8 million) in the first quarter of 2021 fromRMB447.0 millionin the fourth quarter of 2020. The increase was primarily due to (i) an increase in salaries and welfare benefits, and (ii) an increase in share-based compensation expenses, partially offset by a decrease in legal and other consulting fees.Research and development expensesincreased by 1.3% to RMB211.6 million (US$32.3 million) in the first quarter of 2021 fromRMB208.9 millionin the fourth quarter of 2020. The increase was primarily driven by an increase in salaries and welfare benefits, partially offset by (i) a decrease in share-based compensation expenses, and (ii) a decrease in material expenses.Share-based compensation expenses recognized in selling expenses, general and administrative expenses and research and development expenses in total wereRMB877.5million (US$133.9 million) in the first quarter of 2021 andRMB656.1 million in the fourth quarter of 2020.Loss from operations was RMB111.9 million (US$17.1 million) in the first quarter of 2021, compared withRMB158.5 million in the fourth quarter of 2020.Income tax expense wasRMB176.3 million (US$26.9 million) in the first quarter of 2021, compared withRMB110.6 million in the fourth quarter of 2020, primarily due to an increase in taxable income.GAAPnet loss was RMB267.0 million (US$40.8 million) in the first quarter of 2021, compared withRMB236.7 million in the fourth quarter of 2020.Non-GAAP net income was RMB610.5 million(US$93.2 million) in the first quarter of 2021, representing an increase of 45.6% fromRMB419.3 millionin the fourth quarter of 2020.GAAP basic and diluted net loss per American depositary share (\"ADS\") were bothRMB0.174(US$0.027)in the first quarter of 2021, compared toRMB0.165in the fourth quarter of 2020.Non-GAAP basic and diluted netincome per ADS[2]were both RMB0.398(US$0.061)in the first quarter of 2021, compared toRMB0.292in the fourth quarter of 2020.Balance SheetAs ofMarch 31, 2021, the Company had cash and cash equivalents, restricted cash, short-term bank deposits, short-term investments and long-term bank deposits ofRMB14,437.8 million (US$2,203.6 million), compared toRMB3,421.4 millionas ofDecember 31, 2020. The increase was primarily due to net proceeds raised in the Company's initial public offering inJanuary 2021. As of March 31, 2021, approximatelyUS$1,647.2 million(RMB10,792.2 million) was denominated in U.S. dollars.Business OutlookFor the second quarter of 2021, the Company currently expects net revenues to exceedRMB2,850 million, and expects non-GAAP net income to exceedRMB720 million. The Company's expected GAAP net income will include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company currently also expects gross margin to remain steady.The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to \"Safe Harbor Statement\" in this press release for risks associated with forward-looking statements.","news_type":1,"symbols_score_info":{"RLX":0.9}},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132651267,"gmtCreate":1622087081459,"gmtModify":1634183958113,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Pls like and comment. :))","listText":"Pls like and comment. :))","text":"Pls like and comment. :))","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/132651267","repostId":"2138498011","repostType":4,"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135253614,"gmtCreate":1622166272138,"gmtModify":1634183223712,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"Interested. 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Pls like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/135253614","repostId":"1198020203","repostType":4,"isVote":1,"tweetType":1,"viewCount":619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":875497004,"gmtCreate":1637678027413,"gmtModify":1637678027732,"author":{"id":"3584683641597177","authorId":"3584683641597177","name":"Camilla_mn","avatar":"https://static.tigerbbs.com/425b562969e1f58814676788f6ee9950","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584683641597177","authorIdStr":"3584683641597177"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a> Go go [Bless] ","listText":"<a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a> Go go [Bless] ","text":"$TAL Education Group(TAL)$ Go go [Bless]","images":[{"img":"https://static.tigerbbs.com/9e16db036220be0be16eb2fde1614fb3","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/875497004","isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}