recursal/Fanatic-Fandom huggingface dataset:
CAN

https://canaan-creative.com/1073.html

嘉楠董事长兼CEO张楠赓表示，截至11月底，今年四季度和明年一季度矿机预售订单交货金额合计在4500万美元以上。同时，公司预计将会在未来6个月内开展挖矿业务及持有数字货币相关的业务。

公司目前与优必选和大疆都有合作，主要基于K210的视觉能力为教育产品线提供AI能力，例如让学生进行编程竞赛的无人车等机器人产品。其中公司和优必选的合作产品已经发布，和大疆合作的产品将于2021年上市。嘉楠科技董事长兼CEO张楠赓表示，这部分产品在功耗与成本方面，公司具有很大竞争优势。

同时，公司也积极参与到智慧城市的项目中来。公司通过与久婵智能门锁项目的合作，成功中标了多个政府联网锁招标项目。而通过与中科大脑的合作，公司也成功地将K210及后继产品的应用集成在了海淀区城市大脑的整体运营工作中。

张楠赓透露，目前AI芯片的月出货量已经稳定在30K左右，明年月出货量有望稳定在50K以上，这将助推AI业务收入突破千万级别。

未来：依托芯片，做强区块链生态，新AI芯片已经投片

张楠赓表示，在过去的半年里，公司对国内外市场及政策环境进行了充分的调研论证，并为新业务的开展积累了足够的行业资源和经验，公司已经为合法合规地开展挖矿业务及持有数字货币做好了最后的准备。同时，张楠赓表示公司虽然会自己直接参与挖矿，但短时间内不会参与矿池的建设。

#### News：

* 嘉楠耘智对登陆资本市场一直跃跃欲试，但其上市的路却走得并不顺畅。2016年6月，鲁亿通(300423)发布公告称，拟合计作价30.6亿元收购嘉楠耘智100%股权，但这次收购遭到深交所多次发函询问，认为此次并购存在“借壳”之嫌。3个月后，鲁亿通因故宣布终止筹划购买嘉楠耘智100%股权的重大资产重组事项。 一年后，嘉楠耘智转战新三板，但鉴于公司业务的特殊性，此次申请又遭到全国股转公司与券商前后三轮反馈问询，最终嘉楠耘智主动放弃在新三板挂牌。 2018年5月，嘉楠耘智在借壳、新三板折戟后，又向港交所递交招股书。招股书显示，从2015年—2017年，嘉楠耘智的矿机销售产生跨越式的增长，分别销售9727台、9.38万台及29.5万台，同期营收分别为4770万元、3.16亿元及13.08亿元;净利润分别为1511万元、5254万元及3.61亿元。然而，2018年11月，港交所官网信息显示，嘉楠耘智的香港IPO申请在提交了6个月后已经失效。对此，市场猜测可能与国内科创板即将上线有关，激发嘉楠耘智入局的热情。
* 2019年1月30日，嘉楠耘智的工商登记信息发生变更，三位联合创始人中的刘向富已经不在公司的董事会成员名单中。这一变化引起了外界注意，据媒体援引内部人员消息，刘向富离开的原因可能是因为其与公司整体的战略发展存在分歧：嘉楠耘智的管理层希望继续将公司建设成为专注于加密货币挖矿和人工智能芯片的制造商。与竞争对手比特大陆不同，嘉楠耘智本身不挖矿，也不经营矿池，领导层希望保持这种状态，以便更专注公司核心能力。
* 最年轻团队——嘉楠耘智：嘉楠耘智的四位自然人股东都是“80后”，创始人张楠赓35岁，北京航天航空大学博士，拥有丰富的电子设备设计、工程、制造、质量监控及研发方面的经验。其他三位自然人股东，董事、副总经理李佳轩先生33岁，负责集团财务；董事、副总经理刘向富先生35岁，负责监督海外营销；孔剑平先生33岁，负责监督集团的整体发展战略及运营。
* 2019年前九个月，嘉楠营收9.59亿元（约合1.34亿美元），同比下滑62.4%之多，净利润更是一路暴跌，2017年曾达到3.758亿元，2018年便急剧减少到1.224亿元，而2019年前九个月彻底变成净亏损2.363亿元（约合3310万美元）。 嘉楠设计特殊应用集成电路（ASIC）芯片，后者主要用于虚拟货币和人工智能应用程序。一直以来，嘉楠都因为虚拟货币行业自身震荡剧烈的特性而头痛不已，现在他们正在着力发展AI芯片，寻求业务多元化，然而后者迄今为止都尚未形成可观的销量。
* 嘉楠科技将预期赴美融资额度由最初的4亿美元大幅度削减至9000万美元，缩水幅度近80%。
* 嘉楠的投资方包括暾澜投资、锦江国际、抱朴资产管理等。
* 比特大陆、嘉楠耘智与亿邦国际，矿机三霸是如何炼成的？
* Canaan (NASDAQ:CAN) announces that its revenue visibility has improved substantially in 2021 due to the purchase orders totaling more than 100,000 Bitcoin mining machines from customers in North America.The Company says that most of the orders were placed with prepayment and likely occupy the company's current manufacturing capacity entirely for the full year of 2021 and beyond. 2021-02-14
Digital Coin Exchange

### COIN / CoinBase

**Coinbase** has officially filed to go public. **Coinbase** plans to list its shares on the Nasdaq exchange under the ticker symbol "COIN."

Coinbase reporting $193B in total transaction volume and ~$1B in gross transaction revenues for 2020, implying a fee capture over $5,000 per million. For reference, this is more than 1,000 times greater than the fee capture for listed derivatives.

**Coinbase**'s S-1 filing reveals that 62% of trading volume came from institutions in 2020, up from 31% in 2018

Coinbase is in some ways a perfect example of that trend. It was founded by Brian Armstrong, who as an engineer at Airbnb who wanted an easier way to incorporate Bitcoin into transactional systems on the Internet. Brian was joined by co-founder Fred Ehrsam, a computer scientist and former currency trader. The two of them have quickly built Coinbase into one of the leading Bitcoin platforms in the market.

Coinbase offers three important features: **an online wallet to store Bitcoin; a merchant platform that allows services to accept Bitcoin as payment; and a service that allows individuals and merchants to buy/sell Bitcoin into fiat currencies.** Coinbase is located in San Francisco and the company’s details and key metrics are available on its about page. Coinbase is hiring and their openings are on its jobs page. And of course, they also have a blog.

**Coinbase** 2020 highlights from the S-1

* - $1.2 billion revenue
* - $322 million income
* - 2.8 million active users
* - $90 billion AUM
* - 7,000 institutional customers
* - Brian Armstrong made $60 million last year
EV及原材料股票投资构想

#### 风险：

电池原始材料的供需和加工绝大部分被中国垄断，因为市场和环境污染的成本等原因。这隐藏了很大的地缘政治危机，如果社会不稳，会带来很大的变数。但可能给北美的一些公司带来大的机会（北美/欧洲自己的供应链建设）。

#### 投资方式：

电池原材料股的投资方式：个人认为是立足未来5到10年的长期投资（不是阶段性，也不是周期）；应该采用一篮子买进方式3到5年的持有。

所谓一篮子，是集中北美的15到20个矿股。比如每个投资$2000, 总共是3万到4万；每个投资$5000, 总共是7万5到10万。

From BL

#### FACT SHEET: The Biden-⁠Harris Electric Vehicle Charging Action Plan

DECEMBER 13, 2021

1, The Bipartisan Infrastructure Law makes the most transformative investment in electric vehicle charging in U.S. history that will put us on the path to a convenient and equitable network of 500,000 chargers and make EVs accessible to all Americas for both local and long-distance trips.

The current network of over 100,000 public chargers operates with different plug types, payment options, data availability, and hardware hookups.

2, The Bipartisan Infrastructure Law includes $5 billion in formula funding for states with a goal to build a national charging network. 10% is set-aside each year for the Secretary to provide grants to States to help fill gaps in the network. The Law also provides $2.5 billion for communities and corridors through a competitive grant program that will support innovative approaches and ensure that charger deployment meets Administration priorities such as supporting rural charging, improving local air quality and increasing EV charging access in disadvantaged communities.

3, The DOE Loan Programs Office (LPO) published new guidance and a fact sheet for the approximately $17 billion in loan authority in the Advanced Technology Vehicles Manufacturing Loan Program (ATVM) to support the domestic battery supply chain.

4, $3 billion in competitive grants for battery minerals and refined materials aimed at accelerating the development of the North American battery supply chain.

5, An additional $3 billion for competitive grants aimed at building, retooling, or expanding manufacturing of batteries and battery components (such as cathodes, anodes, and electrolytes), and to establish recycling facilities in the United States.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/13/fact-sheet-the-biden-harris-electric-vehicle-charging-action-plan/

#### Galp and Northvolt establish joint venture ‘Aurora’ to develop a lithium conversion facility

Joint venture Aurora to develop Europe’s largest, most sustainable lithium plant in Portugal and strengthen Europe’s position within the battery value chain.

https://northvolt.com/articles/galp-and-northvolt-aurora/
Sports Betting

## DraftKings and FanDuel break to big leads in sports betting race

* A new survey from Jefferies indicates that a majority of users are inclined to stick with one online sports betting platform. Analyst David Katz says the preference of 62% of bettors to use a single platform makes the timing on market entrance and market share gain crucial. That market share grab is even more important with more states continuing to legalize and launch sports betting.
* Katz and team says the firm's survey results are clearly favorable for top sports betting picks DraftKings (DKNG +1.2%) Flutter Entertainment's (OTCPK:PDYPY) FanDuel.
* "Both DraftKings and FanDuel benefit from significant DFS presence and experience in the US. Respondents are favoring the two companies' user interface over others. In addition, the two companies have continued to promote and market aggressively, which has proven to be effective in gaining and maintaining market share."
* While seen being still in formative stages, Jefferies is also positive on Caesars Entertainment (NASDAQ:CZR)-William Hill (OTCPK:WIMHY)and BetMGM (NYSE:MGM)-Entain (OTCPK:GMVHF). Both entities are noted to have extensive resources and are moving towards vertical integration, which is expected to help them go to market faster and improve product innovation.
* Not mentioned as prominently is Penn National Gaming (PENN -3.6%), which Jefferies tags with a Hold rating.
EV SPAC

### KCAC / KCACWS

* Auto-related SPAC Kensington Capital Acquisition Corp. II (NYSE:KCACU) is set to begin trading Friday after raising $200M through an IPO just months after Kensington Capital Acquisition Corp. I bought electric-vehicle battery maker QuantumScape (NYSE:QS) at a $3.3B valuation.
* KCACU sold 20M investing units at $10 apiece. Each unit consists of one Class A share and 0.25 warrants entitling investors to buy a second share at $11.50 in the future.
* Management also granted underwriters the option of buying as many as 3M more units for overallotments, potentially raising an additional $3M.
* The units will list on the New York Stock Exchange. Shares and warrants will also eventually trade separately under the symbols "KCAC" and "KCACWS," respectively.
* KCACU management said in a statement that it intends to focus M&A efforts on companies in the North American automotive or auto-related sectors.

## GGPI / Polestar

Swedish automaker Polestar announced a partnership with Gores Guggenheim(NASDAQ:GGPI)

## EV News

**March 8, 2021:**

A group of 17 U.S. House Democrats are introducing legislation as early as today that would award $6B to the U.S. Postal Service to buy tens of thousands of additional electric delivery vehicles.

The bill would also require no less than 50% of medium and heavy-duty vehicle purchases be electric or zero-emission through 2029 and all new USPS vehicles be zero-emission after January 2040.

The development is seen as positive for Workhorse Group (WKHS) and Oshkosh (OSK).

**Feb 23, 2021:**

**(February 23, 2021)** — The U.S. Postal Service (USPS) announced today that it has awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (NYSE: OSK), an indefinite delivery, indefinite quantity (IDIQ) contract to produce the Next Generation Delivery Vehicle (NGDV), the USPS’s first large-scale fleet procurement in three decades. The competitively awarded contract allows for the delivery of between 50,000 and 165,000 vehicles over a period of 10 years.

#### May 18, 2021

美国总统拜登将于当地时间5月18日参观位于美国密歇根州东南部城市迪尔伯恩的福特Rouge电动汽车中心，体验即将发布的福特F-150电动版。外界预计拜登将借此机会宣布其1740亿美元电动车扶持计划。

路透报道称，拜登将宣布为美国建立新的高容量电池设施提供拨款。同时为关闭工厂进行设备改造提供资金，以“制造先进汽车和零部件”。

美国运输部此前文件显示，拜登1740亿美元电动车扶持计划主要包括1000亿美元的消费者电动车退税、150亿美元电动车基建、200亿美元电动车校车拨款、250亿美元电动车公交拨款以及140亿美元其他电动车税收优惠。。

报道称，拜登将宣布为电动车销售提供激励措施，对零排放的中型和重型汽车实行新的税收抵免，但排除对豪华型电动车的激励措施。

在电动车基建项目方面，拜登则希望投资150亿美元，以在2030年前建立50万个电动车充电桩（是美国加油站数量的4倍）。其同时希望为联邦机构用车向电动车转型提供拨款，将65万辆美国政府用车、47.5万辆校车替换成新能源车型。
TESLA

## 全球智能驾驶产业全景图及特斯拉产业链全景图

左手智能机器右手易医绝学  1/27

**来自ITTBANK整理的全球智能驾驶产业全景图，供参考！**

https://mp.weixin.qq.com/s/p7Z0Ef5e3jX-MUkizmlSyA

# **特斯拉工厂**

目前全球共六家工厂，布局美国3座、中国1座、欧洲2座，还有两座待建工厂。欧洲的德国柏林工厂最快将在21年Q1末开始生产新版ModelY，自制电池厂进度落后于整车厂。特斯拉德州奥斯汀工厂已开始建设，最快21年6-7月投产，主要生产电动皮卡、卡车Semi。

特斯拉计划在全球共建设10-12座超级工厂。

德意志银行认为，2025年或成为特斯拉的“突破之年”，预期2025年特斯拉营收将达到940亿美元，汽车交付辆将超过200万辆。不过，短期预测仍然取决于特斯拉产量和需求增长，特别是取决于特斯拉在德克萨斯州和德国的超级工厂建造进度。

特斯拉供应链分为量产传统零部件、量产创新零部件，以及北美创新零部件三大类。

这其中，由于有着传统燃油车领域的丰富经验，自主品牌在传统零部件中的底盘、悬架系统，玻璃，内外饰总成等领域均已经具备了很好的配套能力和基础。成熟的配套经验、充足的产能供给、具有竞争力的产品价格成为了这类公司突破特斯拉的核心能力。

国产化率较高的部分主要集中在车身底盘、内外饰等传统零部件以及汽车电子中的硬件部分，在电机电控、控制芯片和系统软件等电动车关键零部件方面国产化进度暂时较慢。

由于汽车产业链多数零部件运输成本较高，国内采购更有优势，因此，特斯拉在国内的畅销也会带动相关产业链的销售提升。研发实力强、规模优势较大的电池、电池材料、热管理系统、电驱动系统龙头企业将会陆续进入特斯拉供应链，获得较大的成长空间和产品溢价。

# **特斯拉三电系统供应链**

三电系统是电动车较燃油车最具差异性的零部件环节之一，在电动车中有较高的技术壁垒，一旦进入特斯拉供应链将获得较大的成长空间，同时不容易被其他厂家所替代。

# **三电系统 -- 电池材料**

**松下与特斯拉共成长**

特斯拉电池一直由松下供应，Roadster主要采用钴酸锂18650电池，其余均为NCA电池，2013年二者签订合同额70亿美元。2017年下半年特斯拉与松下合资建设的Gigafactory投产，生产圆柱21700电池（不是单纯采购），配套Model3。

21700使用硅碳负极（3.5%），电池容量提升55%至4.8AH（18650为3.1AH），系统能量密度提升10%至165wh/kg，系统成本下降20%左右至0.15美元/wh。

此前特斯拉由松下独供，但2020年特斯拉引入LG，宁德时代作为南京工厂供应商，松下份额降至70%；松下碳酸在挪威建立电池厂，预计后续有望配套部分欧洲工厂。

**上海工厂：LG暂为主供，21年有望翻番**

LG目前为上海工厂主供，配套Model3长续航及ModelY，21年有望翻番。

此前M3均由LG配套，2020年10月起，标准续航版本逐步切换至宁德时代铁锂版本；国产MY初期也由LG配套。2020年LG为上海特斯拉配备了10gwh产能，基本满产。

2021年上海特斯拉将辐射欧洲、东南亚，整体产量有望达到40-50万辆，LG有望配套20-30万辆，对应动力电池需求超过20gwh，同比翻番。

LG材料国产化程度高，国内龙头充分受益。相较于松下封闭的供应体系，LG南京采购供应商多为国内厂商，如恩捷、天赐材料、科达利、翔丰华等龙头厂商。

**宁德时代与特斯拉合作紧密**

国产铁锂版标准续航M3已量产，21年预计15万辆以上。20年2月宁德时代与特斯拉签订采购协议，9月正式开始供货磷酸铁锂电池，装配国产标准续航版Model 3，带车带电量55kwh，21年有望配套15万辆。

21年三元有望切入国产三元Model 3和Model Y。宁德三元电池同步送样测试，Q2-3有望正式进入MY供应链。后续在国内市场宁德有望成为主供。

同时，电池环节中的正极、负极、隔膜、电解液、结构件等电池材料二级供应商也有较高的单车配套价值和壁垒。

# **三电系统 -- 热管理系统**

电动车的核心技术在于电池，电池的性能与热管理紧密相关，特斯拉作为热管理设计的先驱，开拓了热管理零件整合，结构创新的设计思路。

热管理系统作为其核心竞争力，每款新车都会更新迭代。

**Model3 热管理系统图**

ModelY的热管理系统引入了全新的热泵系统，结合零件集成和结构创新，成为了现有车型中最紧凑的热泵。

三花智控在R134A和1234YF冷媒上，有着统治性优势。三花智控的阀体是热管理中最优质赛道；克来机电布局的领域包括管路和电子膨胀阀，其在二氧化碳领域研发实力较强；奥特佳主要做热泵方案和模块，其价值主要体现在集成能力上。

# **三电系统 -- 电驱动系统**

特斯拉在中国售价下探至25万元（补贴后）以内，将对零部件供应链提出更高要求，同时也带来更大的增长空间。

依托中国成熟、高效的零部件供应链体系，大量零部件料将国产化、本地化供应。其中：旭升股份、拓普集团、三花智控、宁波华翔、华域汽车、岱美股份等单车价值量较大。

# **汽车电子**

除了三电系统外，汽车电子也是电动车相对于燃油车的价值增量点，能进入特斯拉供应链的国产供应商具有较高的壁垒，并且可替代性较弱，其业绩具有持续增长的能力。

目前国产供应商供货的产品以硬件为主，ADAS/FSD等软件控制部分的核心技术掌握在特斯拉自己手里，供应商壁垒较高，想要突破有较大难度。

# **特斯拉自制电池：22年后进入量产阶段**

特斯拉20年电池日公布，圆柱大电池的直径和高度分别为46mm/80mm，通过激光技术把极耳去掉，电池流通距离更短，效率更高，能量增加5倍，功率提升6倍，续航增加16%。无极耳可连续生产，生产线的速度提高7倍，预计量产后成本下降14%。后续能量密度将达到200wh/kg以上。

特斯拉有望将大规模采用国内材料供应链，其中天赐已与特斯拉签订供货合同，后续其他环节或有更多合作与订单落地。

特斯拉具备“创新基因”，以电动车作为出发点，三电技术保证了车辆性能，搭载集中式电子电气架构，进一步实现整车OTA，并通过OTA逐步实现完全自动驾驶功能；在此过程中，特斯拉不仅仅卖车，还实现商业模式转变，提供FSD选装等服务，规模效应明显。

与传统车相比，特斯拉在制造、规模上落后，而这也是下一步特斯拉成长要解决的，包括加速产能与新车型投放，打开更大的市场。

摩根士丹利分析师亚当·乔纳斯在报告中写道，“在我们的研究范围内，特斯拉仍然是电动汽车和自动驾驶汽车领域处于最佳地位的公司，原因在于它的人员、技术、商业模式和资金来源。”

“此外，值得注意的是，在其传统竞争对手都承受环境责任的压力之际，特斯拉无需纠缠于过多环境责任。综合考虑，我们相信特斯拉的商业模式可以比竞争对手更快、更有利地释放经常性移动服务收入。”

**———— / END / ————**
BitCoin

### 板块讨论-比特币（8/3, v0.1) 2020-08-03

行业的趋势和关键点： =================

• Fed拼命发股票，黄金白银大涨，自然包括Bit coin

行业的简介： =============

• MARA: 挖矿公司

• GROW: 10M shares of HVBTF, a blockchain stock, 还有Gold Minner ETF

• UEPS: 本部和主要业务在南非和非洲mobile payment公司，通过对Bank Frick的持股而介入Crypo/blockchain业务

• CAN: 中国第二大的矿机FPGA厂商

• RIOT: Purely blockchain公司，有自己的挖坑

Reference: =========

Ethereum Price - https://finance.yahoo.com/chart/ETH-USD

Bitcoin - https://finance.yahoo.com/chart/bch-usd

XRP - https://finance.yahoo.com/chart/xrp-usd

Related Stocks - GBTC OSTK GROW MARA NXTD RIOT UEPS
PLL (Piedmont Lithium)

#### Company News:

* Apart from its Tesla deal, Piedmont Lithium is targeting an annual output of 22,700 tons of battery-quality lithium hydroxide.
* The current price of lithium hydroxide suggests that the company will generate about $2 billion in annual lithium hydroxide sales after it starts operations. Presently, it is still exploring.
* The company is likely to file for a state mining permit in H1 2021.
CMCM

本期介绍一个相对冷门的股票， CMCM猎豹移动.

基本面

猎豹移动成立于2010年，由金山安全与可牛影像合并而成，成为金山网络，2014年改名为猎豹移动，于2014年赴美上市。猎豹移动主营工具和游戏类应用，收入模式比较单一，主要为移动广告业务和游戏，后拓展用户订阅，用户订阅营收增长开始发力。猎豹移动上市后的发展历史可以分为两个阶段，分水岭是被Google下架（2020年2月），这件事深刻的影响了猎豹移动的营收，也使得猎豹移动进行了比较大的业务调整。下面我们就这两个阶段对猎豹进行介绍。

APP下架前

在封杀前，猎豹移动有45款应用，其中包括猎豹清理大师，安全大师等安装量较大的APP。具体APP如下图：

下架前猎豹移动2019营收为35.88亿人民币，其中21.9%的收入来之谷歌，包括移动广告业务以及游戏用户的消费虚拟品购买。下面是他们2016 - 2019年报报告的各类业务占比，从图中我们可以看出，工具类（如安全卫士）营收占比开始逐渐降低，游戏及AI相关业务开始突飞猛进。

但是由于遭下架，2020年营收将会遇到较大滑坡，尤其在移动游戏娱乐以及工具类营收上。

APP下架后

其实在APP下架前，猎豹就开始了转型之路，一方面猎豹希望能通过现有成熟的APP提供长期现金支持，另一方面希望通过AI的持续投入获得新的增长动力，也就是All In AI。这里还是不得不佩服傅盛，作为一个没有核心AI研发能力的公司转型做AI产品，风险是巨大的。之所以他们转型效果开始显现，这离不开产品经理出身的傅盛对市场的把握。现在我们来介绍一下他们的三款AI应用。

小豹智能音箱

与百度小米等智能音响一样，可以播放音乐，控制智能家居等。但是很遗憾，目前市场上无法找到猎豹家智能音箱市场占比，目前市场上95%以上的智能音箱出货量被百度小米阿里垄断。

小豹翻译棒

机身仅有一个物理按钮，仅支持中英、中日、中韩互译，机器可自动识别听到语言是中文还是外语，并进行自动双语互译。目前来看，翻译模型应该不是猎豹自己训练出来的，很可能是买入的第三方产品。

猎豹机器人

猎豹机器人是猎豹的主打产品阵列，旗下有接待服务系列，送餐系列，KTV服务生系列，新零售服务类等等。

猎豹作为用户基础较为薄弱，没有核心数据的公司，目前无法掌握AI算法的核心以提高行业话语权。但傅盛其实是在另辟蹊径，希望通过互联网思维打磨这些AI产品，通过产品易用度来弥补AI算法不足的缺陷。这其实是比较聪明的做法，就目前来讲只有巨头有钱有数据可以进行深度的算法储备，而对于猎豹这类小公司而言，最重要的是先通过基础成熟的AI技术，搭建出一套市场有强烈需求的产品，在这个领域不断积累耕耘，最终会形成很深的护城河并且可以持续拓展新业务。

当然需要指出的是，猎豹目前这三款AI应用都在猎豹星空下，目前猎豹移动仅持有猎豹星空38%的股权。未来有可能猎豹移动控股。

股权结构

从下图可以看出，金山持有一半股份，腾讯持有16.9%，傅盛个人仅持有5.9%的股份，但投票权高达47%，属于绝对控股。从图中也可看出公众持股仅有21.8%，市场上流通股仅9300万美元。目前我认为有一种可能就是猎豹星空回A/H上市（一旦营收水平达到要求），从目前的市值来看，不管那种选择猎豹移动都是长期被低估的标的。

财务

年报

由于2020财报还没有放出，这里我们先分析19年以及之前的财务数据，然后再跟大家讲一下2020Q3的季报。

营收

从这张表可看出2019年营收出现明显下滑，主要是由于工具类应用出现下滑，这里主要由于两个原因：

PC相关的收入下滑

海外市场增长乏力

由于这两个原因造成广告收入急剧下滑。这里管理层也意识到了营收问题，所以在2020年开始进行改革，希望通过精简业务来完成持续现金流入从而支持新AI业务的发展。

净利润

毫无疑问净利润的下滑是因为营收急剧下滑导致。

现金流

截止到2019年底，公司账面现金有23亿人民币，非常充足，可以继续支持研发投入。除此之外猎豹的总资产

2020 Q3

如市场预期Q3营收遭遇较大滑坡，总营收仅3.65亿RMB，同比下滑60.3%。

工具类营收1.86亿，下滑47.3%，主要是由于海内外市场萎缩（包括遭Google下架造成72%的海外市场萎缩，52%的国内广告市场萎缩），以及PC市场份额萎缩（约10%）。收入中65.4%来自广告营收，其余来自订阅与服务费用。

移动娱乐业务营收1.57亿RMB，下滑70.4%。除去已经剥离的LiveMe，营收下滑47%，主要影响依然来自Google Play下架。

由于营收受到重创，管理层于这两个季度进行了大刀阔斧的精简改革：

砍掉并剥离非核心业务，如LiveMe

毛利从去年同期60.2%提升至68.9%

运营成本降低53.5%，其中研发成本降低47.8%，主要通过裁员以及剥离LiveMe实现。同时销售和市场支出减少58.2%。

值得一提的是，截止2020/09/30，公司账上现金接近16亿人民币，总资产为58.8亿人民币，远超当下市值。

创始人

傅盛担任CEO，对公司拥有绝对控制权。当年傅盛从经纬创投辞职后，经雷军推动使得傅盛担任合并后公司的CEO。傅盛是一个颇有传奇经历的产品经理，其实就目前来说，公司的成败基本上就取决于傅盛对产品的把握。

2001年傅盛来到北京一家小公司，后来又通过面试加入了3721。由于被周鸿祎赏识进入了奇虎，担任安全卫士负责人。在这里他产品天赋得以施展，带领团队研发了360安全卫士，360浏览器等等，使得这些业务成为奇虎的主要支柱业务。然后后来从奇虎离职，收到张颖邀请加入经纬中国任副总裁，期间主导了暴风影音的投资收获巨大。在经纬任职不到一年便选择第二次创业成立可牛影像，这里经纬给了900万的启动资金。后来由于受到雷军赏识，与金山安全合并并且开展全新业务，经过四年时间带领公司上市纽交所。

傅盛本人是非常具有产品天赋的，从360一系列产品的主导开发便可看到，同时在CCTV遇见大咖的采访中我们也可以隐约感觉到他对产品细节的追求，他更希望通过理解用户的需求来做出更加服务好他们的产品。

风险提示：

由于目前流通股仅有9300万美元，股价容易发生剧烈波动，但鉴于股价目前处于低位，介入风险相对较小（仍然需留意财报快到了，仍然需要控制好仓位和风险）

作者：富兰克30美股指数

链接：https://xueqiu.com/8899833574/174620805

来源：雪球

著作权归作者所有。商业转载请联系作者获得授权，非商业转载请注明出处。

风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。
US-Infrastructure

方案可能是自罗斯福新政以来美国最大的基建计划，具体包括道路、桥梁和农村宽带互联网方面的建设；报道称目前民主党将1.5万亿美元设为方案的规模底线。

在新冠刺激计划后，拜登的下一项立法议程正在浮出水面，民主党旨在通过包括大规模基建在内的经济复苏一揽子计划，该方案在规模、复杂性方面或远超过此前1.9万亿美元的新冠纾困计划。

彭博报道称，相关立法计划的核心或是自罗斯福新政以来美国最大的基建计划，**包括道路、桥梁和农村宽带互联网方面的建设**。白宫和国会民主党人正拟定复苏计划策略，或在下个月公布提案，但立法程序启动后可能要到8月份才会结束。民主党方面希望通过大规模的基建计划一举扭转美国近年来的增长颓势。

除基建方案外，部分民主党人还希望将充实奥巴马医改，扩大公共部门就业，增加资本利得税等额外内容也纳入立法进程。但有分析警告，将太多有争议的提案放在一起，复苏计划要么可能会在国会受阻，相关立法议程可能最终被分拆，最终也会影响2022年的美国国会中期选举。

相关立法的最终规模目前尚不得而知。在竞选期间，拜登曾经提出过2万亿美元的经济重建计划，这高于去年众议院提出的1.5万亿美元的提议。报道称，目前民主党将1.5万亿美元设为规模底线。

目前美国国会的焦点依然在1.9万美元的新冠纾困计划。特朗普弹劾审判结束之后，民主党迅速将工作重点回归到其优先事项之上，众议院希望在2月26日对拜登的1.9万亿美元刺激计划进行投票表决。

拜登大规模基建计划也与美国本土基建急需升级的现状有关。

据新华社报道，早在2019年5月，美国土木工程师协会就对美国基础设施水平给出“D+”的评分。该协会估算，为填补基础设施建设资金缺口，需要在10年内追加2万亿美元。
HMBL

HUMBL (TSNP): An All-Star In The Making

Change My Mind: Why I Believe Tesoro/HUMBL Is The Next Big Thing In Fintech

HUMBL Completes Merger with Tesoro Enterprises, Inc.; Sells Warrants with Provision for $50 Million In Funding

* HUMBLPay app is ready to launch in 40 countries in February 2021 ahead of schedule.
* There is a gap in inequality of supply & demand of global proportions. HUMBLPay is well positioned to fill this gap.
* HUMBLEPayhas already established ground games, partnerships in multiple foreign marketssuch as Mexico, Brazil, India, and the Pacific Asia.
* HUMBLPay can be the next $SQ and $PYPAL (Venmo), just faster (same day settlement), better(HUMBLHub, HUMBLFinance integration), and bigger (40+ countries).

#### CEO Brian Foote.

Look at his bio. He brings with him twenty years of consumer technology experience, having launched a number of top-ranked global technology products at companies like Epson, where he was twice named to the Innovators Team Award for his work across merchant partners such as Amazon, Walmart, Costco, Target and Best Buy. Mr. Foote is a graduate of the University of California at Los Angeles (UCLA) and is certified in blockchain, digital media, and social media from the Massachusetts Institute of Technology (MIT).

Brian Foote is well known in the crypto community. Some might even consider him a Rockstar.

#### HUMBL Inc. is not a money services business and does not hold itself out to be such. (from its website)

All money transmission services are being provided exclusively by third parties which are money transmitter[s] licensed and registered under all applicable state and federal laws. HUMBL does not offer money transmission services. All information provided on HUMBL's website and mobile applications is provided in good faith as examples for informational purposes only and is not a representation of money transmissions of any kind, express or implied. The availability of the HUMBL Mobile App, HUMBL Hubs Merchant Software, HUMBL Marketplace and HUMBL Network will vary by state, country, domicile and/or third-party service providers and may change at any time.
Balapan Seru

**Balapan Seru** is the forty-ninth and final episode of Season 1.

## Synopsis

Geger! Klub Motor Skull Of Fish yang keren dan terkenal mau merekrut anggota baru di Kota Asri. Semua laki-laki langsung mendaftar termasuk Kiko, Poli, dan Patino. Berhasilkah mereka jadi "anak motor?" Saksikan aksi serunya dalam episode KIKO "BALAPAN SERU" Hari Minggu jam 09.00 WIB hanya di RCTI.

## Characters appeared

* Kiko
* Poli
* Patino
* Lola
* Ting-Ting
* Karkus
* Pupus
* Granny
* Wendy
* Shade
REB3LS

REB3LS is a team led by Drewyy. It was formed on July 20, 2021. They are known for their consistent high leaderboard rankings. Enrollment is currently open.

## Requirements

* Complete 5 races.
* Complete 119 races upon joining.
* 80 races per day.

## Allies

* NCT
* YS
* DIFRCR

## Trivia

* REB3LS uses the speed cycling strategy created by Elite, the founder of team RNL.
Cewek Pemberani

**Cewek Pemberani** is the thirty-second episode of Season 1.

## Synopsis

Nyebelin! Bruto mengganggu anak lain buat dapetin es krim kesukaannya. Lola jadi kesel banget dan mencoba membela anak itu. Tapi Bruto malah menantang Lola adu karate. Duh, kira-kira Lola bisa menang nggak ya? Jangan lupa saksikan KIKO "CEWEK PEMBERANI" Hari Minggu jam 09.00 WIB hanya di RCTI.

## Characters appeared

* Kiko
* Lola
* Poli
* Patino
* Karkus
* Pupus
* Granny
* Bruto
* Bobi

## Trivia

* Ting-Ting is absent from this episode.
FINV

* 信也科技集团是一家主要服务于网络借贷和金融信息的金融科技公司，于2007年6月成立，总部位于上海。

* 该公司业务包含金融科技业务、国际业务和科技生态孵化业务，并于2017年11月10日在美国纽交所上市。[1]

* 2021年1月28日，信也科技宣布，其子公司已获得新加坡金融管理局(MAS)颁发的“资本市场服务牌照”。

* 2012年4月16日，在上海工商局的支持下，信也科技集团正式更名为“上海信也科技集团金融信息服务有限公司”，公司经营范围拓展至更为广泛的“金融信息服务”，是P2P网络借贷行业内第一家拿到金融信息服务资质的公司。

* 2012年10月，信也科技集团获得红杉资本(Sequoia Capital)千万美元级别投资，成为首家完成A轮融资的网贷平台。
* 2014年4月，信也科技集团在 北京钓鱼台国宾馆 宣布率先完成B轮数千万美元融资，投资机构分别为光速安振中国创业投资( Lightspeed China Partners)，红杉资本(Sequoia Capital)及 纽交所 上市公司 诺亚财
* 富 。
* 2015年4月，信也科技集团正式宣布完成C轮融资，再次成为国内网络信用借贷行业首个完成C轮融资的网贷平台。此次C轮融资由联想控股旗下 君联资本 和海纳亚洲联合领投，VMS Legend Investment Fund I 、红杉资本以及光速安振中国 创业投资基金 等机构跟投

* 信也科技，上海老窝，3轮投资都有红杉资本参与。沈南鹏是最厉害的大大佬。这个背景很厉害。
* 2020年8月25号（图中那根大阳线处）： This New Program serves as an expansion of our share buyback efforts, bringing the total cumulative amount of capital for share repurchase up to US$180 million.
* FINV Shs Outstand 290.76M ； Shs Float 61.37M as for Feb 12, 2021.
* SHANGHAI, Aug. 25, 2020 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that effective August 24, 2020, the board of directors of the Company (the "Board") approved a new share repurchase program (the "New Program") whereby the Company is authorized to repurchase its own Class A ordinary shares in the form of American depositary shares ("ADS") with an aggregate value of up to **US$60 million till December 31, 2021**. Mr. Feng Zhang, Chief Executive Officer of FinVolution, said, "FinVolution remains firmly committed to shareholder value, and since the initial launch in 2018 of our original share repurchase program of up to US$120 million, we have cumulatively deployed approximately US$111 million to purchase the Company's ADS as of August 24, 2020. This New Program serves as an expansion of our share buyback efforts, bringing the total cumulative amount of capital for share repurchase up to US$180 million. It further reflects our confidence in the Company's business operations and outlook, as well as our firm commitment to generating long-term value for our shareholders."
* FinVolution Group (NYSE:FINV) declares $0.17/ADS annual dividend, 41.7% increase from prior dividend of $0.12.
* FinVolution Group (NYSE:FINV): Q4 GAAP EPADS of $0.26. Revenue of $284M (+60.4% Y/Y)
* Mr. Shaofeng Gu, Chairman and Chief Innovation Officer of FinVolution Group (NYSE:FINV) has purchased ~0.53M of the company's American Depositary Shares in 4Q20. During 2020, Mr. Gu purchased a total of 3.41M ADSs and as of December 31, 2020, **he beneficially owns 416,928,560 ordinary shares, representing ~29.6% of ownership in the company.**
* FINV 是17年底上市，18年跌，19年跌，2020年做底，CEO是2020年内增持到30%，基本是抄底了。所以这个可能会走狠高。
Kiko

**Kiko** is the main protagonist of the show. He is voiced by Anastasia Amelia in both Indonesia and English. He is the only character who appeared in every episode so far.

## Appearance

Kiko is a male humanoid goldfish with a red hair. He wears a green sleeveless shirt, red pants, black belt and green shoes.

## Background

He is smart, spontaneous, and always the leader among his friends. He is good at playing soccer and has an honest nature as well as fun. His curiosity often makes him and his friends go on ridiculous and fun adventures.

## Gallery

Kiko and his gang (including Karkus and Pupus).
## Trivia

* Although he appeared in every episode, he has a minor role in some mini series, especially the shorts that stars Karkus.

## References

1. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
2. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
EV Suggestions

### Rivian (RIVN), Lucid Motors (LUCIDM), and Fisker (NYSE:FSR)

CFRA Research singles out Rivian (RIVN), Lucid Motors (LUCIDM), and Fisker (NYSE:FSR) as the three new auto companies that will emerge as success stories in the EV space.

"We are particularly bullish on Rivian's first two models given the current lack of EV offerings in the extremely popular SUV and truck segment. Rivian also counts companies including Amazon, Ford, T. Rowe Price, Fidelity, Soros Fund Management, and Cox Automotive among its investors," says Nelson. It is noted that Rivian also has a deal to produce delivery vans for Amazon at the factory, with first deliveries to be made in late 2021.

Nelson says Lucid's first vehicle, the Lucid Air, is a high-end sports sedan with specs similar to the Tesla Model S and Fisker is pitching the Ocean as the world’s most sustainable vehicle.
Dimana Patino?

**Dimana Patino?** is the thirtieth episode of Season 1.

## Synopsis

Demi puding, KIKO, POLI dan PATINO balapan ke rumah LOLA. PATINO tertinggal dan tak sengaja menabrak BUBA. BUAYA itu membuatnya tersasar dan terjebak di GUA PIPA yang runtuh. KIKO dkk cemas dan mencarinya. PATINO bakal ditemukan nggak ya? Saksikan di episode “DIMANA PATINO?”. Hari Minggu jam 09.00 WIB hanya di RCTI.

## Characters appeared

* Kiko
* Poli
* Lola
* Patino
* Buba
* Granny

## Trivia

* Ting-Ting only pictured in this episode.
CRWD

* Calling the company "a major disruptor in endpoint security," Canaccord Genuity initiates CrwodStrike (NASDAQ:CRWD) with a Buy rating and $280 price target.
* Analyst Walkley sees CrowdStrike as a "long-term secular winner in security due to its native cloud platform advantage versus closely held peers and its expansion into tangential segments" to increase its security market share.
EV Battery Stocks

* **QS**
* **ENS**
* **RMO**
* **GWH**
* **DCRC**
* **MVST**

## SES / IVAN

EV Battery Maker SES Agrees to Go Public Via Ivanhoe SPAC

Battery maker SES Holdings Pte has agreed to go public by merging with Ivanhoe Capital Acquisition Corp. in a deal that will value the combined company at about $3.6 billion, according to people familiar with the matter.

The combined company will get as much as $476 million in gross proceeds, said the people, who asked not to be identified because the information is private. That includes about $276 million from Ivanhoe, a special purpose acquisition company, or SPAC, plus a fully committed private investment in public equity, or PIPE, the people said.

The investors in the $200 million PIPE include Koch Strategic Platforms, Hyundai Motor Co., Geely Holding Group, Kia Corp. and General Motors Co., according to the people.

The agreement could be announced as soon as Tuesday, they said.

Representatives for SES and Ivanhoe declined to comment.

Singapore-based SES makes hybrid lithium-metal rechargeable batteries for electric vehicles.

Ivanhoe raised $276 million including so-called greenshoe shares in its initial public offering in January. The shares of the combined company are expected to trade on the New York Stock Exchange under the symbol SES.
群主语录

### 关于交易方法：Hold and Trade

* “部分HOLD， 部分TRADE”，是这样吗？一定仓位买了一只股以后，大约50%hold不动，另50%涨起来了就卖掉，回调后再买进。这样不断做这50%（如果有机会的话）。直到涨足够多，或图形彻底走坏，把100%仓位卖掉？-------差不多这个意思
* 那我做的不对。我最近是等涨到一定阻力位，就卖一部分，保持仓位基本不变，然后再涨一段，再卖。但没有在回调完成后，再加仓。而是不断减持股数。这样到最后，只有很少部分吃了全鱼。漏掉了很多波段。
* 还有这个“部分trade，部分Hold”是对不管决定做短期还是长期的个股都是这样操作吗？还是只是对短期炒作股？------都可以用

### 如何对待调整

* 主因还是涨太多了需要调整，找个借口。调整一下股市会更健康
* 股息收益率和yield 交汇点，1.5%还是低，股市仍更有吸引力。
* 目前我倾向这是健康的牛市回调：经济数据，疫情都在向好的一面发展。
* **观点归观点。我从来都认真对待每一次回调，都先当作可能是熊市的到来。**
* **这是我多次安全度过熊市的秘诀。**
* 请问具体操作，比如提高cash比例，做空hedge, 只拿coe poition, 还有啥吗？
* 举例吧。
	+ 1.上周对市场我已有担心，已经开始做short hedge.
	+ 2.周二大跌，我空的跌的多就cover了，多的小跌或小涨，我也出货。两边都出提高现金比例。这样帐户不但不受下跌影响，还有点赢利，让自己处在一个舒服的位子
	+ 周三继续出货，提高现金此例。
	+ 同时，这一阵我一直买入加拿大REIT进入core holding
	+ 其中还有一些option和 Future配合这些操作，讲起来就太复杂了

### 2021几个预测

* 大方向上： 做多围绕通货膨胀，各种涨价，找有定价权的公司做
* 1. 地产：低利率下各种Reit 会补涨
* 2. 看好农业化肥股
* 3. 科技股里Semiconductor股票向上空间不大，看好3D print 和网络安全股
* 4. 电车类仍然热，以短炒为主，主升段已过 小赌怡情的
* 5.中概里的XNET CMCM 最有可能被私有化
* 6. 高风险的可能翻几倍股：GLBS

暂时想到这些，仅供参考，不做为投资建议

* 从去年写衣食住行玩就分折过。游轮，航空是最后才会恢复的
* 每次最烂的游轮，航空一涨，大盘就差不多到顶

### **2021 热点风口**

* 1. 3D Print
* 2. Bitcoin 概念
* 3. 电车
* 4. 新能源
* 5. AI (AMKR, LRCX, KLAC)
* 6. 大麻 -Game over
* 7. 飞行器
* 8. 太空 (UFO)
* 9. Fintech
* 10. 中概股
* 同时拥抱几点的更牛

这是几十年来对散户最友好的股市，最容易捞钱的时候，错过了很可惜 --2021-01/02

### EV股

* 当时有 2000 家生产汽车的公司，现在美国只剩下 3 家了，而且都只能勉强活下去。这些公司给社会带来了巨大贡献，却给投资者带来了巨大痛苦。买这样的公司，投资者不但要选对公司，还要选对时机。
* 2000年互联网公司类似
* 投EV电车的要时刻记住这些，脑子清醒
QD

* 国盛金控刚刚入股9%
* 国盛金控, 杜力，80后。国盛金控参股陆金所（LU）。 啥来头这？

* 2017年新闻：

杜力通过其掌控的凤凰祥瑞和国盛金控（002670.SZ）旗下华声投资，持有趣店约5807万股，持股比例约为19.7%，为第二大股东。在趣店IPO后，若以11月11日27.5美元/股的价格计算，杜力旗下公司通过投资趣店已获得约80.2亿元浮盈。 在趣店另一投资人周亚辉的描述中，名不见经传的杜力在危急时刻，拿出20亿元解决趣店拆VIE的难题，成为后者成功赴美上市的重要推手之一。

2015年5月份，华声股份发布的一则公告，让杜力在资本市场崭露头角，公告称北京凤凰财智创新投资中心（以下称“凤凰财智”）以11.94亿元的资本对价，获得华声股份5965.87万股份（占公司总股份的29.83%），并成为华声股份实际控制人。

入主华声股份仅半年后，杜力再次在资本市场上大展身手，募资近69.3亿元操盘华声股份并购国盛证券，主业为电器配件制造的华声股份，最终摇身一变为如今的A股上市公司国盛金控（002670.SZ），杜力一举将国盛证券旗下国盛期货、国盛资管、江信基金等资产一并收入囊中，获得了多个重量级证券业务牌照，在金融布局上落下重要棋子。

在入主华声股份的1个月前，凤凰财智新增了5个自然人股东，分别为虞锋、杜力、吴世春、吴红心和唐越，除杜力外，其余4人均在风投圈赫赫有名，其中，虞锋是云锋基金发起人，唐越是蓝山中国资本创始合伙人，吴世春是梅花天使创投基金创始人，吴红心则是 A 股上市公司智度投资的实控人。

云锋基金由阿里巴巴董事局主席马云、虞锋共同发起，同时虞锋母亲王育莲通过持有4.11%的股份成为蚂蚁金服第三大股东。在周亚辉的讲述中，趣店获得蚂蚁金服战略投资不久后，杜力就豪掷20亿元拆了趣店VIE架构（指境外注册的上市实体与境内的业务运营实体相分离，前者通过协议方式控制后者）。

“资本操作高手”，只不过不知姓啥罢了。

* Qd如果明后天走势像finv公布业绩那样，那洗盘水平太高了

* 它能国盛金控参股陆金所（LU），就说明是常委级别的，而且是现任

* 请问你以前看好QD的主要原因？就业务而言，看不出来亮点在哪。

1、市净率1/3；2、持续比较大成交量，股性活跃；3、公司在回购股份；4、今年业绩大概率不错；5、公司努力转型，虽然不成功，但试错成本都不高，不是败家子。回购是我考虑的怎样原因，所以我从1.3开始建仓

* 在2011年辞去中能基业董事长职务后，杜力陆续筹建了后来的6家“凤凰系”投资公司，并开启了个人投资生涯。2012年某人上台，时间上也吻合，不一定是他。

* 由于短时间内杜力拿出总计17亿元控股华声股份和达意隆，深交所曾要求其说明收购股份的资金来源，而杜力解释资金来源于其个人自有资金和借贷资金。

杜力个人持有国盛金控股份比例约为22.86%，以此计算，杜力持股市值约为74.9亿元，再加上拥有趣店95.7亿元股份以及达意隆5.4亿元股份，仅上市公司部分，杜力已掌控近180亿元市值资本。---17亿，除非他家是印钱的。

* 我是从QD 上周的异常大量的CALL VOLUME 注意到的，看起来是像有大动的样子。
5 Biggest 3D Companies in the World

## 1. Protolabs (NASDAQ:PRLB)

Protolabs is our top company for our list of 15 biggest 3D companies in the world. It is a US based company founded in 1999. The company has the highest capitalization of about 3.15 billion and is known as an industry leader in 3D printing in general and rapid prototyping in particular. Since its inception, Protolabs has grown exponentially and has expanded across 3 continents providing its clients with customized prototypes most efficiently. It is publicly listed in the NYSE since 2012.

## 2. Carbon 3D

Carbon 3D is one of the emerging 3D giants that was founded fairly recently, in 2014 by Joseph and Philip DeSimone. The US based company focuses mainly on continuous liquid interface production (CLIP) technology and uses resin as the printing material. Carbon 3D with its unique resin-based 3D products provide a wide range of parts and equipment for the automotive, dental, and manufacturing industries. Since it started, the company has expanded exponentially and has a client base spread out across 17 countries and various different industries, with a market cap of around $2.4 billion.

## 3. 3D Systems Corporation (NASDAQ:DDD)

3D systems corporation is another US based company founded in 1989 by Chuck Hull. The company The company has a market capitalization of $2.33 billion and specializes in a 3D printing technique which is called stereolithography. The company has a wide product portfolio all integrated with the 3D technology such as 3D printers and all its digital design tools and materials needed for the printing. The software needed to design 3D products are also provided by the company. It has provided products to various organizations from diverse industries such as healthcare, and manufacturing.

## 4. Materialise NV (NASDAQ:MTLS)

Materialise NV is a Belgium based 3D printing giant with a market capitalization of around 1.9 billion. Materialise NV is a conglomeration of two different business units one of which provides industrial 3D printing solutions through rapid prototyping while the other unit allows business and individual end consumers to get their designs 3D printed. Materialise is seen as one of the pioneers in rapid prototyping and has a varied clientele belonging from automotive, healthcare, aerospace, and various other industries.

## 5. Stratasys Ltd. (NASDAQ:SSYS)

Stratasys is an Israeli company that excels in 3D technology and has a market capitalization of approximately 1.08 billion. The company mainly focuses on providing 3D services to the aerospace and automotive industry and has many famous automotive giants such as Volvo, Ford (NYSE:F) and Honda (NYSE:HMC) in its client list. Stratasys specializes in fused deposition modeling and has a global market for it. The company has also invested in the fields of education and healthcare as part of its corporate social responsibility and provided innovative solutions to problems.

https://www.insidermonkey.com/blog/5-biggest-3d-companies-in-the-world-916826/
Karkus

**Karkus** is Kiko's rival. He is one of main characters and an antagonist of the show. He is voiced by Solihin in Indonesia and Jati Andito in English.

## Appearance

Karkus is a teal anthropomorphic catfish, he wears a yellow crown and orange cape.

## Background

He is arrogant, selfish, and easily offended. He likes classical music and art, but is not good at singing because his slurred voice. He hates hard work, but was very good at making plans.

## Episode appearances

### Season 1

* Pesta Kiko
* Joni Hilang
* Jangan Egois
* Nggak Usah Takut
* Game Baru
* Jangan Ganggu
* Hari Terakhir
* Kado Dahsyat
* Ayo Kreatif
* Mandiin Buba
* Mencari Bunga Langka
* Kiko Tertukar
* Nasib Di Tangan Anda
* Bayi Kabur
* Chocolala
* Hari Jahil
* Terjebak Tong
* Rumah Angker (voice only)
* Kristal Luar Angkasa
* Episode Terakhir
* Fishtube
* Pendekar Dadakan
* Cewek Pemberani
* Hip Hop Ninja
* Cyber Fans
* Awas Zombie!
* Pupus Kabur
* Buronan
* Tangan Robot
* Balapan Seru

### Season 2

* Teman Misterius
* Vampir
* Kenapa Poli?
* Nasihat Buba
* Monster Gorong-Gorong
* 1000 Cegukan
* Natal Terindah
* Pahlawan Kostum
* Golden Race
* Kastil Terlarang
* Poli VS Ting-Ting
* Berburu Harta Karun
* Demi Violet!
* Rasa Bersalah
* Kantong Berharga
* Rumah Paling Aman
* Pangeran Miskin
* Hutan Hitam
* Serangan Monster Raksasa (dream only)
* Makhluk Hitam
* Salah Tangkap
* Pertempuran Dasar Palung
* Tegangan Tinggi
* Mainan Terkutuk

## Season 3

* Dunia Yang Aneh
* Salah Duga
* Kiko Run
* Time Capsule
* Penjelajah Gua
* Ksatria VS Storm Squad
* Crazy Robot
* Mission: Impossible
* 1, 2, 3 Action!
* The Bad Ninja
* Giant Berry
* Lola Bakery
* Surprise!
* Special Cake

## Trivia

* His first absence is *Dodol Lola*.
* Karkus is the only main character to not have an episode with a character's name in its title besides mini series.

## References

1. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
2. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
SouthAsia

PT MVC Vision Network TBK is talking to merge with Vison+, its streaming television network knows as Netflix of Indonesia.

### BTWN:

最近香港亿万富翁李泽楷与美国亿万富翁Peter Thiel（第一个投资Facebook的外部投资方）早在10月份就成立了SPAC——Bridgetown Holdings。据报道，该公司的目标是与印尼电商巨头Tokopedia合并，而Tokopedia已经将软银、谷歌和新加坡政府投资部门淡马锡控股作为其私人投资者。两人刚刚成立了第二个SPAC，命名为Bridgetown 2 Holdings，目标是东南亚的新经济、金融服务和媒体公司。

#### SPACable unicorns w/ HQ in south Asia

-47 unicorns w $1B to $10B valuation

-$130B in total valuation

-🇮🇳 $63B | 🇰🇷 $30B | 🇮🇩 $26B

- eCommerce is the single largest sector w/ $34B across 6 unicorns | FinTech $21B | Logistics $20B

@tokopedia and @traveloka are considering SPACs

https://www.bloomberg.com/news/articles/2020-12-15/thiel-backed-spac-said-to-weigh-up-to-10-billion-tokopedia-deal

https://www.bloomberg.com/news/articles/2021-02-16/indonesia-s-traveloka-ceo-plans-u-s-listing-via-spac-in-2021
Pupus

**Pupus** is Karkus' assistant. He is one of main characters of the show. He is voiced by Jati Andito in both Indonesia and English.

## Appearance

Pupus is an orange eel with yellow stripes, he wears an orange scarf.

## Background

He is careless and good at sports. He became a follower Karkus because he had saved in the past. Therefore, he calls him "Boss".

## Episode appearances

### Season 1

* Pesta Kiko
* Joni Hilang
* Jangan Egois
* Nggak Usah Takut
* Game Baru
* Jangan Ganggu
* Hari Terakhir
* Kado Dahsyat
* Ayo Kreatif
* Mandiin Buba
* Mencari Bunga Langka
* Kiko Tertukar
* Nasib Di Tangan Anda
* Bayi Kabur
* Chocolala
* Hari Jahil
* Terjebak Tong
* Rumah Angker
* Kristal Luar Angkasa
* Episode Terakhir
* Fishtube
* Pendekar Dadakan
* Cewek Pemberani
* Hip Hop Ninja
* Cyber Fans
* Awas Zombie!
* Pupus Kabur
* Buronan
* Tangan Robot
* Balapan Seru

### Season 2

* Teman Misterius (mentioned only)
* Vampir
* Kenapa Poli?
* Nasihat Buba
* Monster Gorong-Gorong
* 1000 Cegukan
* Natal Terindah
* Pahlawan Kostum
* Golden Race
* Kastil Terlarang
* Poli VS Ting-Ting
* Berburu Harta Karun
* Demi Violet!
* Rasa Bersalah
* Kantong Berharga
* Rumah Paling Aman
* Pangeran Miskin
* Hutan Hitam
* Serangan Monster Raksasa (dream only)
* Makhluk Hitam
* Salah Tangkap
* Pertempuran Dasar Palung
* Tegangan Tinggi
* Mainan Terkutuk

## Season 3

* Dunia Yang Aneh (mentioned only)
* Salah Duga
* Kiko Run
* Time Capsule
* Penjelajah Gua
* Ksatria VS Storm Squad
* Crazy Robot
* 1, 2, 3 Action!
* The Bad Ninja
* Giant Berry
* Lola Bakery
* Surprise!
* Special Cake

## Trivia

* His first absence is *Dodol Lola*.
* *Rumah Angker* is the only episode where he is seen without Karkus (although his voice is on Pupus' phone)

## References

1. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
2. ↑ http://www.mncplay.id/wp-content/uploads/2018/08/LetsPlay\_Agustus\_2018\_Final.pdf
Charing Station Stocks

**谷中的太阳整理奉献：**

https://ev-vs-ice.blogspot.com/2021/03/032021.html

* 网络最大，横跨欧美市场，欧洲第一，在进军美国
* 市值和peers相比，看未来两年预期，网络投资成本，员工数看，都是最低估

需要补充一条，北美CHPT也是非常有潜力，现在新建的building and parking lot required to build charging ports per code. 相信北美和欧洲皆是如此，这种情况下，越大的公司越得益。

https://drive.google.com/file/d/11pmXHaejDbBWlQ6XEXEwITonC3G4zrsM/view
CCJ

### 2020 Q4 Report

* Demand for our products remained strong and we **delivered 30.6 million pounds of uranium to our customers.**
* We generated $57 million in cash from operations, with higher average realized prices in our uranium and fuel services segments than in 2019.
* However, as a result of the precautionary production suspensions at our operations due to the COVID-19 pandemic, we produced only 5 million pounds in our uranium segment, well below our committed sales.
* To manage risk we **purchased 11.5 million pounds more uranium than the top end of the 2020 outlook disclosed in our 2019 annual MD&A at an average annual cost of $40.41 per pound, totalling about $465 million,** compared to the **Cigar Lake expected life-of-mine cash operating costs of between $15 to $16 per pound.**
* Additionally, due to the temporary suspensions we incurred $55 million more in care and maintenance costs than those we had planned for. Even while production was suspended, we kept and continued to pay all our employees. Partially off-setting these additional costs was the receipt of about $37 million under the Canada Emergency Wage Subsidy program and volatility in foreign exchange rates that resulted in foreign exchange gains.

BL对这些数字的解读：

2020年delivery了30.6M U给客户，自己只生产了5M，在市场上买了11.5M，意思用掉了库存至少30.6-5-11.5=11.4M；2021/0/1/15数据说还有库存14.4，如果2021再不生产，自己的库存很可能不够（取决于岸合同需要付的数目）。
FEYE (FireEye)

* **FireEye** is a publicly traded cybersecurity company headquartered in Milpitas, California.[2] It has been involved in the detection and prevention of major cyber attacks. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and analyze IT security risks.
* FireEye sells technology products including network, email, and endpoint security, a platform for managing security operations centers called Helix, consulting services primarily based on incident response, and threat intelligence products.
* FEYE最初的security detection and prevention技术在业界很牛掰。
* 2013: FireEye "has been called in to investigate high-profile attacks against Target, JP Morgan, 其中发现Target Breach,影响很大。
* By 2015, FireEye was making more than $100 million in annual revenue, but was still unprofitable,[21] largely due to research and development spending.
* 每年在并购上花大笔钱：In December 2013, FireEye acquired Mandiant for $1 billion.
* What happened on Dec, 2020?
* FireEye revealed on Tuesday, December 8, 2020 that its own systems were pierced by what it called "a nation with top-tier offensive capabilities".[63] The company said the attackers used "novel techniques" to steal copies of FireEye's red team tool kit, which the attackers could potentially use in other attacks.[64][65] The same day, FireEye published countermeasures against the tools that had been stolen.[66][67]
* Also in December 2020, FireEye reported the SolarWinds supply chain attack to the U.S. National Security Agency (NSA), the federal agency responsible for defending the U.S. from cyberattacks. The NSA is not known to have been aware of the attack before being notified by FireEye. The NSA uses SolarWinds software itself.[68]
* https://en.wikipedia.org/wiki/FireEye
* 我个人觉得上市后因为并购花钱太多，总体不盈利，所以股价压制很多。好的科技股很少有这种盘整4-5年的。过去的12月发生的两件事：自己被hack；发现solarwind的后门，造成股价大幅波动，一举突破20左右的几年的压力线。
* June 2， 2021 News：
	+ - FireEye (NASDAQ:FEYE) has entered a definitive agreement to sell its FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group in an all-cash transaction valued at $1.2B. The transaction is expected to close by the end of the fourth quarter.
		- The sale will separate FireEye’s network, email, endpoint, and cloud security products, and the related security management and orchestration platform, from Mandiant’s controls-agnostic software and services.
		- The FireEye Products and Mandiant Solutions businesses will operate as a single entity until the transition closes. After the close, FireEye Products will become a standalone entity within the STG portfolio.
The Life of Trading Stocks Wiki

**Knowledge is Money**

6. 大麻 -Game over；7. 飞行器；8. 太空 ；9. Fintech；10. 中概股

* TSLA
* CCIV /Lucid, Rivian, FSR
* Chinese EV vendors: NIO, XPEY, LI, NIU, KNDI
* Zero Emission Transportation Association Founders (Source)
* 自动驾驶 (AV)
	+ Autonomous Vehicles (AV) Truck

* **Tesla's Potential North American Battery Metals Supply Chain Contenders --强烈推荐**
	+ Lithium; Cobalt; Nickel; Manganese; Anodes and Graphite
* Battery Recycle

#### EV LIDAR

* LAZR, CGRO/INVZ, CLA/Ouster, IPV/AEVA, VLDR.

#### EV 充电桩

* EV Charing Station Companies and Business Models
* 充电桩股票分析（from谷中的太阳）

#### Lithium

* 锂行业和股票简介

* 锂股6大龙头：ALB; SQM；ORL.TO; LTHM；LAC；PLL
* Lithium Stocks News

#### 北美EV原材料及稀土资源的供应链建设

* 目前有这几个在北美/欧洲建立稀土供应链的股：
	+ MP, UUUU/EFR.TO, RCK.V, FCC.V, AMY.V (AMYZF), NEO.V, DEFN.V (Canada)
	+ Rare Earth related stocks in US: MP, AREC, TMRC, RAREF / LL.V (Canada Rare Earth), LYSCF / LYC.AX (Australia Rare Earth), MDL.V

### 新能源

#### Uranium

* U股list
* CCJ

### 太空

* UFO
* 太空类股票

### Fintech

* SPAC:
	+ IPOE / SoFi; FTOC / Payoneer
* SQ, PYPL， MOGO
* UPST, RKT, UWMC
* ~~HMBL / TSNP~~

### 其它Sectors

#### 吃穿住行玩

* REIT: SPG. MAC, BRX, BPY, SPGS.U
* 行：CAR，HTZ

#### 虚拟数字货币，Blockchain

* BlockChain
	+ EQOS
	+ OSTK
	+ TRIT

* 数字货币交易商
* Stablecoins
	+ Diem/Libra
	+ Tether
* SQ

#### CyberSecurity

* CyberSecurity 股票分类和新闻

* FEYE；NET；CRWD； PLTR；TUFN;

#### REITs

* Malls:
	+ 蓝筹:SPG, AVB, EQR, O, ADC, WPG, SLG;
	+ 风险高点但可能翻倍的：MAC, SRG, EPR
* Towers: CCI, AMT, SBAC
* Lumber: WY, PCH
* Prison: CXW, GEO (CXW 基本上各个角度都优于GEO)
* Canadian REITs

#### Silver

* 银股list-1
* 银股list-2
* Silver Stock Analysis Data

#### Sports Betting 网络赌博

* DKNG, CZR, MGM, PENN
* FUBO (FuboTV)

#### 化肥

* 策略及News

* NTR, MOS, CF, IPI

#### 农业

* Agriculture Technology
* Vertical Farming

#### VR

List: VUZI KOPN VRAR MPAC IMMR MTTR WIMI BHAT

#### 基础设施建设

* 基建方案
* 水泥
* 铜,铁：X, NUE, STLD, FCX
* SmartCity

##### 5G

* 5g Chip Makers: QCOM, SWKS, AMD(/XLNX), NVDA
* Equipment and infrastructure: GLW, CLEN, ANET, NOK, ERIC
* Towers: CCI, AMT, SBAC
* Service Provider: TMUS, VZ
* ETF: FIVG
* 5G SPAC: NBA / MIMO

### 宏观，微观及其它

* US Treasury Yield 10 Years (^TNX)
* US 10-Year Breakeven Inflation Rate
	+ 美国十年期盈亏平衡通胀率=美国十年期国债收益率-十年期通胀保值债券（TIPS）的收益率;
	+ 代表市场预期的通货膨胀水平（年化百分比）；是美联储“管理通胀”以及“市场预期”的关键指标。
* US Stock Earnings Calendar

### 感想，经验，及交流

* 群主语录
* Chen哥
* H哥
* BL
* BH
* 谷中的太阳的Blog

免责声明：本Wiki内容和观点仅供学术参考和讨论，不做为投资建议。
Lithium Industry Analysis

### 锂矿股票(1) - 行业简介

这个系列是从以下角度分析锂矿股票（所有信息来自网上，作者不是专业人员）

* 行业简介
* 个股简介
* 行业形势和策略
* 有关股票：ALB SQM LTHM LAC PLL BCLMF LIACF OROCF

test
锂原材料是三种，矿石/锂辉石，盐湖，锂粘土。

* 石(spodumene)：成本最高，产量提升快，产地是西澳大利亚的7-8个矿山
* 湖(brine)：成本最低，但是产量爬坡慢，产地是南美锂三角 ALLI.VN
* 土(clay)：成本低，比湖略高，问题是工艺不成熟。
	+ 没有找到资料，提到大规模投产的锂粘土项目。
	+ 这个意味着，当需求快速增长时，此类项目无法迅速供货。
	+ 因为一个矿投产，需要工艺稳定，成本和纯度达标，电池试生产安全测试通过，需要相当时间

所以原材料供应主意观察矿石和盐湖两种。

锂材料成品两种，碳酸锂(Lithium Carbonate)和氢氧化锂。

碳酸锂(**Lithium Carbonate**：

* 成本低，能量密度低，安全性好，用于低成本磷酸铁锂电池。
* 国产TSLA Model 3降价25万RMB，就是采用锂宁德时代的铁锂电池。
* 其成本占电池总成本的20-30%，所以价格上升，电池厂可以消化
* 电碳 = 电池级碳酸锂，其价格是行业指标，因为碳酸锂可以精加工成氢氧化锂
* LCE (Lithum Carbonate Equivalent)，是衡量锂矿储量和加工产能的单位

氢氧化锂**(Sodium hydroxide)**：

* 价格高，能量密度高，用于高端高镍电池(NCM，就是镍钴锰，911是比例)。
* 欧洲和美国大部分都是此类。其成本占电池成本40%，价格上升空间受限

中国锂矿情况：

特别需要提到中国，因为下游提炼/生产全在中国，而且环境法规宽松，如果中国的矿产可以保证供应，因为加工提纯成本低，国外厂商难有生路，最好的例子就是稀土。

在锂矿这个板块，不用担心，因为中国矿产品质好，在偏远地区，例如最好盐湖在西藏高原，运输困难，而当地无法深加工。

运输方便或者有加工能力的，矿品质不好，额外工序提高成本。

锂矿股票(2) - 个股介绍

有关股票：ALB SQM LTHM LAC PLL BCLMF LIACF OROCF

股票以原材料和产品划分：

Market Cap：

以2020/11/21为准，没有计入Debt

原材料：

* 矿石，意味着未来市场好转，增产快
* 盐湖，成本低，价格回升，盈利好转，扩产要12个月以上
* 粘土，有工艺风险，需要等到2022-23年，TSLA/PLL项目结果，才能证明锂粘土可行

产品：

* 碳酸锂，价格比较波动大，而且被认为是先复苏，因为低价铁锂电池原料
* 氢氧化锂，长期利好的产品，前景好。不能存放，有有效期

产能：

以国泰君安2019年报告为准，以万吨LCE为单位

ALB:

* Cap: 13.6B
* 原料：矿石(Wodgian+Greenbush)，盐湖(Atakama 50%)
* 产品：碳酸锂+氢氧化锂
* 产能：2021E，17.5万吨LCE

SQM:

* Cap: 11.9B
* 原料：矿石(Mt Holland 50%)，盐湖(Atakama 50%)
* 产品：碳酸锂(赣锋交流中提到，SQM有碳酸锂的存货)
* 产能：2021E，14万吨LCE

LTHM：

* Cap: 2.3B
* 原料：盐湖
* 产品：氢氧化锂，而且加工工艺好
* 产能：2021E，4.2万吨

LAC：

* Cap: 0.95B
* 原料：盐湖 (Cauchari-Olaroz, 49% with 赣锋)，粘土(内华达Thacker Pass)
* 产品：碳酸锂???
* 产能：2021E，2.5万吨

LAC/PLL/BCLMF/LIACF被认为最有可能和TSLA合作北美锂矿开发，最后是PLL

PLL：

* Cap: 0.36B
* 原料：锂矿石(北卡，储量是76.4万吨LCE)
* 产品：氢氧化锂
* 产能：2022E，2.3万吨

BCLMF:

* Cap: 0.18B
* 原料: 锂粘土(墨西哥Sonora，储量是880万吨LCE)
* 产品: 氢氧化锂
* 产能: 1.75万吨，投产日期未知

LIACF：(LI.VN)

* Cap: 0.1B
* 原料: 锂粘土(内华达TLC Project, 储量是530万吨LCE)
* 产品: 氢氧化锂
* 产能: 投产日期和产能未知

总结：

这些锂矿股票市值和2021E产能高度相关

锂粘土因为有工艺风险，所以市值最小

锂矿股票(3) - 行业形势和策略

可以说，过去3个月是过去两年中，从未见过的，好消息频传的现象。

市场报价，特别是电碳价格在提升。

公司ER/News里面，不再是限产压低成本，而是抱怨目前市场价格和上游公司的报价/承诺，无法开展新项目。

中国及欧洲市场电动车销量非常强劲，这个是最最最最重要的因素

各国政府也是提早禁售燃油车的年限

不仅仅是电车厂，包括各个传统油车厂纷纷提出电气化目标

这样的消息，真是每天都有10+条，具体的都不用说了。而最近电车股票也是疯涨。

策略：

我也不知道，我自己是都买了，除了PNK股票

感觉SQM可能会更好一些，因为他碳酸锂比较多，氢氧化锂应该涨价滞后

粘土项目因为有工艺不确定，但是有机会，特别是美国车厂如果本土生产电池，很可能开启北美项目，赣锋买BCLMF可能就是布局

风险哪，如果ALB/SQM一起下降，有可能和智利政府有问题，可能是协议和环保