音乐流媒体

Search documents
异动盘点0707|外卖大战利好茶饮股大涨;富卫集团首挂上市早盘平开 ;腾讯音乐涨近 3%
贝塔投资智库· 2025-07-07 03:58
点击蓝字,关注我们 7月4日为美国独立日(Independence Day),美国股票市场休市一天。 今日上午港股 1.百胜中国 (09987) 涨超 3% , 近日发布餐厅营运智能体 Q 睿 将设立创新基金转化营运需求为实际应 用。 6.腾讯音乐 - SW (01698) 涨近 3% , 机构称近期收购计划将进一步增强公司整体内容供给。 7.吉宏股份 (02603) 涨超 7% , 公司 A 股涨停 上半年归母净利同比预增逾 55%。 8.光伏股集体回落, 信义光能 (00968) 跌 4.86%,福莱特玻璃 (06865) 跌 3.88%,新特能源 (01799) 跌 3.19%,信义玻璃 (00868) 跌 2.64%。 9.快手 - W (01024) 涨超 3% , 将启动直播大舞台百城计划 打造多方协同直播生态体系。 10.黄金股再度承压走低, 山东黄金 (01787) 跌 5.09%,中国黄金国际 (02099) 跌 3.44%,灵宝黄金 (03330) 跌 2.68%,赤峰黄金 (06693) 跌 2.33%。 11.中船防务 (00317) 逆市涨超 3% , 中国船舶整合并购重组方案获通过 ...
海通证券晨报-20250704
Haitong Securities· 2025-07-04 02:43
Group 1: Core Insights - The report emphasizes the importance of accounts receivable management in the property industry, highlighting its significant impact on cash flow and potential dividend sustainability for companies [1][17] - The analysis of 30 sample companies reveals a notable increase in accounts receivable from 291.8 billion to 753.7 billion from 2020 to 2024, with growth rates declining significantly in recent years [2][17] - The report indicates a shift towards greater business independence, with the proportion of accounts receivable from related parties decreasing from 47% to 39% over five years, while third-party receivables increased from 53% to 61% [2][18] Group 2: Financial Trends - The average collection period for accounts receivable has lengthened, with the proportion of receivables due within one year dropping from 89% in 2019 to 58% in 2024, indicating increased difficulty in collection [3][18] - The provision for bad debts has risen sharply, with the ratio of provisions to trade receivables increasing from 4% in 2019 to 26% in 2024, reflecting heightened credit risk [3][18] - The overall collection rate for the sample companies has decreased from 90% to 78% between 2019 and 2024, with companies linked to distressed parent firms experiencing even lower rates [3][18] Group 3: Investment Recommendations - The report recommends focusing on property companies with strong independent business capabilities and low reliance on related transactions, as these are critical indicators of financial health [19][20] - Specific companies highlighted for their strong parent company backgrounds and effective risk management include China Overseas Property, Poly Property, and China Merchants Jinling [19][20] - Companies like Wanwu Cloud, Country Garden Services, and Sunac Services are noted for their manageable accounts receivable risks, while China Resources Mixc Life is recognized for its advantageous business model [19][20] Group 4: Market Strategy - The report tracks monthly strategies for small-cap and growth styles, suggesting that small-cap stocks are likely to outperform in July based on historical data and quantitative models [5][6] - The growth style is also expected to perform well in July, with a recommendation to overweight growth stocks based on the analysis of market factors [6]
传媒互联网产业行业周报:虚拟资产大趋势,交易平台持续是重点方向-20250629
SINOLINK SECURITIES· 2025-06-29 11:18
敬请参阅最后一页特别声明 1 教育:K12 教培行业高景气维持,非学科产品合规优质供给仍然有限,头部机构暑期招生反馈良好,看好头部机 构持续扩大市场份额。本周,新东方举行 AI 英语一对一产品发布会,App 将于 7 月 2 日正式上线,积极关注。 奢侈品:宏观经济影响奢侈品销售表现,景气略有承压,部分产品创新能力优秀的品牌逆势高增。近日 Prada 集 团宣布 Prada 品牌首席执行官 Gianfranco D'Attis 将于 6 月 30 日离任,关注后续变化 咖啡茶饮:1)咖啡:高景气维持。行业仍具备β性红利,行业门店数依旧呈现净增加态势,龙头同店维持正增 长。2)茶饮,略有承压。外卖平台补贴带动下,行业供给继续增加,有望加剧行业竞争。 电商:略有承压。电商大盘增速放缓,行业竞争依旧激烈;即时零售成为新战场。 旅游消费及 OTA:京东宣布进军酒旅,但酒店供应链长且复杂,短期补贴对行业头部玩家及 OTA 高端酒店业务冲 击有限,关注 OTA 龙头低估值机会。 流媒体平台:音乐流媒体平台为内需驱动的优质互联网资产,高性价比悦己消费,规模效应持续驱动盈利杠杆释 放,我们建议持续关注音乐订阅平台。 虚拟资产 ...
QQ音乐鸿蒙2.0版本发布,首创移动端实时声伴分离技术
Cai Fu Zai Xian· 2025-06-23 09:28
据悉,此次QQ音乐鸿蒙系统的版本上新是实时声伴分离技术首次落地移动设备端。大会现场,QQ音乐 音频算法研究员林慧镔详细介绍了实时声伴分离背后的技术路径,彰显了QQ音乐与鸿蒙系统合作对释 放硬件潜能、孵化颠覆性创新的赋能价值。据介绍,QQ音乐借助CANN Kit的业界领先端侧NPU自定义 算子编程能力,开发高效算子,快速打通性能瓶颈,助推实时声伴分离技术在手机端得以实现。这一技 术升级可以覆盖QQ音乐站内海量曲目,这意味着,无论用户想唱哪首歌,只需在QQ音乐中轻轻一 点"伴唱模式"按钮,专业级的伴奏即刻生成,再搭配耳返监听功能,仿佛将KTV"搬进"了手机,随时随 地享受沉浸式K歌体验。 除了业界领先的"声伴分离"功能外,QQ音乐针对鸿蒙系统及折叠屏设备进行了深度优化。鸿蒙端技术 负责人周代亮详细介绍了内外屏协同的听歌体验创新:在外屏场景下,QQ音乐通过精简操作、快捷控 件等设计,让用户无需展开手机即可快速切歌与播控,成为内屏沉浸式体验的高效延伸。同时依据折叠 状态自动适配屏幕,精准匹配不同使用场景下的需求。这一适配实践不仅提升了鸿蒙生态的体验连贯 性,更重新定义了折叠屏设备的音乐交互范式。 2025年6月20日 ...
速递| Deezer给AI音乐贴“身份证”,自研算法每日拦截2万欺诈曲目
Z Potentials· 2025-06-23 04:18
图片来源: Deezer Deezer 宣布将于周五开始对包含 AI 生成曲目的专辑进行标注,作为其打击流媒体欺诈行为的一部 分。 该公司报告称,每天上传的音乐中约有 18% (超过 2 万首曲目)现在完全由 AI 生成。尽管这些曲 目大多没有走红,但 Deezer 表示其中约 70% 的播放量是虚假的,这些曲目被设计用来欺诈性获取版 税。 为应对这一问题, Deezer 平台上的 AI 生成曲目现已被明确标记。这些曲目也不会出现在编辑精选歌 单或算法推荐中,欺诈性播放量正被从版税支付中过滤剔除。 该公司表示,新标签将成为帮助听众区分人类创作音乐与 AI 内容的重大变革。 Deezer 指出,目前纯 AI 生成的歌曲仅占其平台总流量的 0.5% ,但这一趋势正在快速增长。 此举正值环球音乐集团、华纳音乐集团和索尼音乐娱乐,据传正与 AI 初创公司 Udio 和 Suno 洽谈音 乐授权合作 。 这些唱片公司此前以侵犯版权为由起诉了这两家初创企业,而任何达成的协议都将有 助于解决双方之间的法律纠纷 , 彭博社本月早些时候报道称。 参考资料 https://techcrunch.com/2025/06/20/de ...
腾讯音乐买了喜马拉雅,谁赚了?谁亏了?
3 6 Ke· 2025-06-11 11:23
喜马拉雅卖身传闻,终于迎来实质性进展。6月10日,腾讯音乐娱乐集团(下称腾讯音乐)发布公告, 宣布与喜马拉雅签署并购协议,计划以12.6亿美元现金,加上不超过总股数5.1986%的A类普通股,以 及喜马拉雅创始股东在交易交割时及之后将分批获得的总数不超过总股数0.37%的腾讯音乐A类普通 股,全资收购喜马拉雅。消息发出后,腾讯音乐美股盘前大涨8%。 若以腾讯音乐当前约284亿美元的估值推算,喜马拉雅所获腾讯音乐股权价值约为15.82亿美元,加上 12.6亿美元现金,总交易成本约为28.4亿美元。 最后一次冲击上市发生在2024年4月,市场反馈依然不温不火,喜马拉雅最后的这条融资路,股东们的 退出路,彻底被堵上了。 很少有公司的上市之路像喜马拉雅这么坎坷。面对持续的亏损和上市困境,成立十年后,喜马拉雅开始 努力求生。据晚点报道,每日优鲜的倒塌给了喜马拉雅管理层很大触动,他们认为不能真正走向盈利的 公司非常危险。2022年8月,喜马拉雅CEO 余建军第一次对公司全体员工明确具体盈利计划。 喜马拉雅最终在2023年实现了扭亏为盈,但主要靠降本而非营收上涨。从2022年第一季度起,喜马拉雅 陆续有员工收到裁员通知,2 ...
腾讯音乐豪掷205亿“收编”喜马拉雅!音频江湖要变天?
Jin Rong Jie· 2025-06-11 07:54
国内最大的在线音频平台喜马拉雅,在2021年4月冲刺美股市场失败后,又三度向港交所发起冲击,但 最终仍未能如愿以偿,均吃下了闭门羹。 在资金饥渴、转型阵痛与股东期待的三重压力下,喜马拉雅最终还是等来了白衣骑士;。随着一纸公告 落地,腾讯音乐(01698.HK)(TME.US)以救世主姿态登场,用真金白银将这位音频一哥;收归旗下。 喜马拉雅逾200亿卖身 6月10日盘后,腾讯音乐在港交所发布公告,宣布与喜马拉雅签署并购协议,计划全资收购喜马拉雅。 具体而言,本次交易现金总额为12.6亿美元;腾讯音乐将发行的A类普通股形式的股票,其总数不超过 截至不晚于交易交割前五个工作日的工作日当天公司已发行及发行在外的普通股总数的5.1986%;在交 割时及之后将分批向创始股东(如并购协议所定义)发行的不超过总股数0.37%的该等A类普通股。 根据并购协议,喜马拉雅将进行与交易有关若干现有业务的重组。此外,交易的交割取决于相关监管部 门的批准及若干其他交割前提条件。 那腾讯音乐在这场耳朵经济;行业整合中,总共耗资多少? 腾讯音乐的核心业务是音乐流媒体,旗下平台包括QQ音乐、酷狗和酷我,其在国内在线音乐市场中占 据了约70%的 ...
美股三大指数开盘涨跌不一,理想汽车涨超6%
Feng Huang Wang Cai Jing· 2025-06-03 13:39
Group 1: Market Overview - US stock indices opened mixed on June 3, with the Dow Jones down 0.05%, S&P 500 up 0.03%, and Nasdaq up 0.24% [1] Group 2: Company News - Circle Internet Group has raised its IPO size to $880 million, planning to issue 32 million shares at a price of $27 to $28 each, up from a previous plan of 24 million shares at $24 to $26 [2] - Tesla registered 2,600 new cars in Norway in May, marking a 213% year-over-year increase [3] - Spotify was fined 58 million Swedish Krona for data protection violations as ruled by the Stockholm Court of Appeal [4] - NIO reported Q1 2025 revenue exceeding 12 billion Yuan, a year-over-year increase of over 21%, with R&D expenses of 3.18 billion Yuan and vehicle deliveries of 42,094 units, up over 40% year-over-year [5]
美股三大期指小幅走低 经合组织下调美国增长预期 | 今夜看点
Xin Lang Cai Jing· 2025-06-03 13:03
智通财经6月3日讯(编辑 赵昊)周二(6月3日)美股盘前,三大指数期货集体小幅走低。截至发稿,道琼斯指数期货跌0.19%,标普500指数期货 跌0.15%,纳斯达克100指数期货跌0.08%。 | 名称 ~ | 月 ~ | 最新 | 最高 | 最低 | 涨跌额 ▼ | 涨跌幅 ▼ | 时间 ~ | | --- | --- | --- | --- | --- | --- | --- | --- | | = US 30 | | 42,224.50 | 42,318.00 | 42,052.50 | -81.00 | -0.19% | 20:54:00 9 | | = US 500 | | 5,926.90 | 5,939.60 | 5.900.40 | -9.00 | -0.15% | 20:54:02 0 | | 트 US Tech 100 | | 21,474.60 | 21,514.40 | 21,360.40 | -17.20 | -0.08% | 20:54:02 9 | 日内早些时候,经合组织报告预计今年美国经济增长1.6%,较3月预测值下调0.6个百分点,为增长放缓较为显著的主要经济体。该组织还将美 ...
计算机行业点评报告:Spotify:AI驱动内容生态深化,全球扩张提速助推盈利超预期释放
Huaxin Securities· 2025-05-22 08:23
Investment Rating - The report maintains a "Recommended" investment rating for the industry, indicating an expected outperformance of over 10% compared to the benchmark index [12]. Core Insights - The report highlights that AI technology is becoming a core driver of growth and innovation in the music industry, with Spotify leveraging AI for personalized user experiences and content creation [5][9]. - Spotify's Q1 2025 financial results show significant revenue growth, with total revenue reaching €4.19 billion, a 15% year-on-year increase, driven primarily by subscription revenue [6][9]. - The report emphasizes Spotify's global expansion strategy, with active users reaching 675 million, a 12.1% increase year-on-year, and a focus on localized content to enhance user engagement [8][9]. Summary by Sections Financial Performance - In Q1 2025, Spotify achieved a total revenue of €4.19 billion, up 15% year-on-year, with Premium subscription revenue increasing by 16% to €3.771 billion [6][7]. - The gross margin improved to 31.6%, reflecting a 403 basis point increase, driven by better margins in subscription and advertising businesses [7]. - Operating profit reached €509 million, a 203% increase year-on-year, marking a historical high for Q1 [7]. User Growth and Market Expansion - Spotify's monthly active users (MAU) reached 675 million, with a 12.1% year-on-year growth, and premium subscribers increased to 263 million, an 11.4% rise [8]. - The European market remains Spotify's core, contributing 182 million MAU, while Latin America and other regions show significant growth potential [8]. AI and Content Innovation - The report notes Spotify's collaboration with ElevenLabs to integrate AI-generated audiobooks, enhancing content diversity and reducing production costs [5]. - The AI Playlist feature has been expanded to over 40 new markets, significantly increasing user engagement and satisfaction [5].