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عٶȵֵǮ

Ķ:1598
2021-06-12
׬ʱ1ȥٶȵҪúüþϸӪʱ.
عٶȵֵǮ (/) Ƽ 1

ֲֵͨվΪٶ1ιֵ.ȿ:

2019.ĩٶȵĹֵԼΪٶȺӪ166.7+ٶ68.8+AIҵ42.7+ع66.6+ֽʲ193.1+Ͷʼֵ77.5ܼ614.6.

δ12.ٶȽ] . .ApolloԼ`ϵ4ҵܱסƵλڱʵṱ150顫200ҵĹֵٶȺҵʱٶȵֵõ800.

ٶٴλصעĽֵ .ҵ .ܹ֯۲ڶ.

8հٶȹɼ۴3.¸дﵽ118.25. 1ҹ⼼ĽڷSimply Wall StоưٶȵֵӦ5200ڿۺԼ732.4Ŀǰٶֵ375.89飨6.4̣۸ӽ1.

ݷ1ʱٶֵñع

ٶֵ

о "׶DCFģ" Discountedcash flowֵֹֽģͣͨ`ԤٶȹƱδֽΪǰֵƱڼֵ.

Ǹ+ȶڵֵ:2470ڿ+ 2730ڿ=5200ڿ.м̱ȽϷȤĿ鿴

Թ˾ֵ1÷Ƿֲֵ˵ǰҵÿ1ֶԱҵֲֵ.

`Ʊ˾`԰ٶȵĹֵ1عַ˹˾ҵľֵֹֽģ͵Ľۻ᲻Ƚϴ.

ٶĿǰҪֵ:ٶȺҵ++ͶаٶȺְ:Ӫ޳߹棩 .ٶ+AIҵ/.

عٶȵֵǮ (/) Ƽ 2

1 .ٶȺӪֵ

ӪȻǰٶȵҪ֣PC+ƶ.

.г»ӰѹȽϱȽͬѾ3ȸڰٶռҲ.½2017.3ȵ85.6%½2020.1ȵ63.2%.

عٶȵֵǮ (/) Ƽ 3

޳߹Ӱ֮ٶȺӪ½м.

2020.1ȰٶȺĵӪҽƱ.Ϸڷ/Ⱥõҵƣ.

Ҫ˵ڲƱûе¶ٶȺIJӪԱվֻ޳߹Ӱ֮1.

ٶȵ1ĵλȻڹڱȽȹ1ֱ.ȸڲƱȻѰٶ澺ֵĵ1λλ΢Bing֮ǰ.

عٶȵֵǮ (/) Ƽ 4

2018.4֮ǰٶȺҵľ1ֱڹȸ1.ѹȽأиŹɵĹֵ1ֱԽϵͱ簢Ͱ͵ĵǰӯΪ27ѷΪ110.

ۺؽٶȺӪĹֵԹȸȱԱ0.3ϵ.

ٶȺӪ=ٶȺӪ/ȸ*ȸֵ*0.3˼㷽ʽ2019.ĩٶȺӪĹֵԼΪ166.7.

ǵ2020.ϰ.ӰȽصٶȺӪıѾ2019.Q4ʼ𲽻ָع2020.ٶȺӪĹֵ2019.ƽ.

2 .ٶҵֵٶ

Ӫ֮ٶڽ.2.ݽAIذ鶼ϽAIϵгΪ"ٶ˹ϵ"AI Group .дΪAIG.

ҪΪ:̨Ⱥ飨TPGҵȺ飨ACGȺɰٶCTO帺.

ͼԿٶȵҵ.ļٺõ85.3%59.4%1ӰӦñȽΪ34%ʵ.

عٶȵֵǮ (/) Ƽ 5

ٶӦδҵɫ11зƼг`չѸδDZռ仹10־޴

IDG2020.1ȱưٶ2019.Q3 .Q4зƼгռʷֱΪ8.2% .8.8%ݶڰѶ.

ٶȵĸƴ洢ҵ񡪡Questmobileṩʾٶ̵г`ݶѾ85%.

عٶȵֵǮ (/) Ƽ 6

2019.ƼҵӪմﵽ52ۺԼ369.2ڿ飻Ѷ볬170ڿ鸶ѿͻͻ100.

ͼег`ݶǰȵȡȫ.ֵٶ2019ȫ.8.2%ư45%ٶƵ2019.Ӫտܻ67.3ڿ.ǵҵͷЧӦٶƵӦò.

ĿǰеĶƼ㹫˾ֻнɽĿǰֵΪ40.45.2017.2019.ɽӪշֱΪ12.36ڿ .22.18ڿ39.56ڿ.

ĿǰɽƵĹֵοٶ2019.ĹֵӦô68.8.ٶ2019.Ӫ/ɽ2019.Ӫ*ɽֵ=68.8.

BocomʣԤٶ2019.Ӫ70ڿ2020.Ԥܴﵽ90ڿ鰴6ٶ2020.ĹֵΪ77.

ٶAIϵĵưƼ .˹ܺͰȫк̨ǰ̨ͨ.

⽫սԹ滮 .ҵ .гӪ .ۺͲƷҲ˺ͨ.վԤưٶսӦûǿ.

ٶĿǰĻDzҵг1ɶƼĹͷҲ.

ٶ1аٶ̬ڽ .ҽ . .ͨ1Сг.1AIںϿγɺܶĽδֻ .IaaSΪƼ㹫˾Ϊ۸ս .Ʒḻ𽥱̭.

AIҵӦǸٶȵҪӹȥC˼άӵB˻.ڼֱҵϸϸĥ.

3 .ٶҵֵAIҵӦ

.2.ٶAIϵҵȺͬʱͬʱǻ .ǻҽ .ǻ۽ .ܿͷӪ4ҵΪ4ҵ.

ͼԿٶ""˼ʵǽٶΪʩϲҵӦ:ܿͷ .Ӫ .칫 . .ý .ҵʼȵȽǻ۳ . .ҽ .ҵͨ.

عٶȵֵǮ (/) Ƽ 7

2019.ٶȵҵѾﵽ98.9ڿȥٶ67.3ڿAIҵӦ .ӲԼ31.6ڿ.

عٶȵֵǮ (/) Ƽ 8

лCanalys 2020.Q1ʾȫ2020.Q12030̨.

ٶ˹ӲƷ`ȫƷ370ռݹڵ1Խȸ2`ϵвƷ250̨43.9%гռʲȫ1.

`䣨``ڼҴ䣩ۼ99顫599֮俼ǵ1Щۿ۱ذ99/ĵۼԼΪ14.75ڿ.

`ļֵδھDuerOSΪͥӲ֮԰ . .ƵԼ໥Ͽܻиռģʽɲοƻѷ.

ڻĿǰٶȲδ¶`ΪӲ޷ֵ.

ȥ`ϵӲƷٶȴDuerOSApolloȼҵⲿ16.85ڿ֮.AIڽ.ֵƫ߿ƴѶӯ125.25`Ҳѹֵŵ˽ӽٱST嵥ӰĿǰֻ21.72.

AI˾ϻBĸ೤ӦøҵĹֵȽϺ.30%ӯ602019.ĩٶⲿֵĹֵΪ42.7.

4 .عɹȨֵ: .Я

ٶȳа56.1%ɷ=56.1%*133=74.61飻

ٶȳЯ12%ɷ=12%*171=20.52飻

70%ۼۺϼ66.6.

5 .ֽʲ

ٶȽ2020.3.31ֽֽȼƵֽͶͶΪ1,467ڿ飨207.2飩յIJΪ1,367ڿ飨193.1飩.ֽΪ17ڿң2.33飩.

6 .Ͷʼֵ

ٶȽֹ2020.1ĩгͶ695.99ڿԼ98ȥѼЯ̹Ȩ20.52ʣ77.5.а:6 .4.4Ͷ .³ý3.1 .1εͶʵȵ.

ۺ2019.ĩٶȵĹֵԼΪٶȺӪ166.7+ٶ68.8+AIҵ42.7+ع66.6+ֽʲ193.1+Ͷʼֵ77.5ܼ614.6.

г͹˰ٶ

Ҳְٶֽ .ع .Ͷʵļֵռ1гΪصҵ񲿷ռ1.

ʵϲƱпĽǵǰҵӪ״Ҫ˽1˾δս . .Ʒ .ҵ˵ȵȷȥȫ˽.ôٶȵڳΪ1ʲôİٶȣ

. ٶ1ֱľսҵ:ƶAI.

ƶҵϢ֪ʶǰٶƶ̬ĺİټҺ .С .йҳƶ̬3֧.AIҪҲ3 :IDGǻ۽ͨ .SLG`ȣ.

⼸ҵʵѾվͳӡеİٶΪ1ӪԴкܴIJͬ.

ټҺŷԭеİٶŽϢƼļĿǰͼϢ̬12.Сйҳƶ̬½ϢIJƷҲֱӵҵ.

AI仯2018.֮ǰٶ1ֱϵͨϰAIAI̬2019.ʼȷ"Ӳ1Ĵƽ̨ս"ԼAIӦó[ںҵֵ.

Ϣҵ.ڼ.ٶҵʺԼĽ·1ıȷʵ.

5.19հٶ20201ƼӪΪ225ڿ飨Լ31.8飩гԤڵ219.3ڿ飻ͬʱٶȵ1ƼΪ4100飨Լ600飩ͬŤΪӯ.

ڲƱǰϦٶȹɼ۱ַdzǿ̺ɼ1·߸߹ɼػ100/Ϻõı120.85/.

ǰٶԤ2020.2ƼӪΪ250ڿ飨Լ35飩273ڿ飨Լ39飩ͬ½5%4%.

гڱƵ .ֱزʳAI ӲԵյδڼֵδҵչػ1Щ.

"ɻҪܵ."ݰٶڲʿ͸¶ڲϱհٶȴ1ƶ˹ʱת͵ʱȻתõʱܱȲҪҲǵհٶٵ1ս.ɻԽҪܵԽվڻûܵҪ1Щ.

δ12.ֵ٣

1˾ӪҵǿҲдﵽ컨1Ƽ˾Ҳ.

.з˾ͷѾвٶӪҵֲ""δ35.Ϊ.

ѶеٮٮѶ .ļŶѷֱɺ͸۹ѶֵֵѾߴ209.86иŹнںδŵ7λջڳﱸͶ.

վҲѴ͵гΪµ1еӹ˾ֵ35龩]ҲѾֶʣ2019.ҲеֲдԳƶڵ1Ŀ.

׾Ǻܶ⾭ѾɽԼҵֱڸ۹ɣɽţ .ƴ壨ɽɣɽƣ3.

ٶȴ2018.շк󽫽ҵСֲҵȻڰٶȼ.""ܻΪٶȵ1ҵķʽ֮1.

ȷֵIJδٶȽ] . .Apollo`ϵ⼸ֿܻΪȽDZҵ.

ȻƱû¶Ӫݵ1ЩлԤ1´µĹֵ.

1 .ٶȽ]

Ӱ֮¸1ͷӽ]ҵķչվע⵽ٶڽ]1Щ仯.

Ϣʾ ߷ڰٶƽҽ .ҽƽ̨Ƴ"ҽ"2.20ǰг670˴ҽҳ2.6˴.

ͬʼܲ¶ۼƷ߳600˴Σ]ƽ̨շﵽ70˴ε.

ڼЩ֧ðٶȸоûĶԽ]10ʢϰٶڲ1ֱҲƳԭҽƹѰµͻƿ.

3.ٶ"ҽƽ]"СΪ"ٶȽ]""ٶȽ]ҽ"Լ"ҽ"Ƚ]ط

ٶȻԼƷ"Ĵָҽ"ϰٶAIҽĽδٶȽ]֮ΪҵֵԲο]ʼ.

2019.5.]Ӿͬ.11.ɳ10Aʱʱֵ70飨Լ500ڿ飩.

2019.4.ʼ2.5Ͷֵ10.

Ŀǰ]ֵõҵеǰ]ֵԼ2540.21ڸۿ飨6.10м۸㣩Լ329.9.

2 .

Ŀǰٶȸƴ洢ҵ񡪡ٶ̻ƶƷQuestmobileʾٶ̵г`ݶ85%.ٶעûﵽ 6 .Ծû 1 .ȸûѾǧ.

ٶ̵ĻԱͳԱ.ֱ1018.ȻԱ96263.ȥ.10.ٶ˵շѷǻԱûѡ1.9 5 Ӳػ߻5.924 Сʱȫ첻.1ģʽΪٶ˲󲻴żû.

ٶҵԶԱƴ洢˾Dropbox1¹ֵ.

Dropbox 2019.ȫ.Ϊ16.61ͬ19Ϊ0.527ȥ.ͬڵ4.84989.1%.ڿా.Ѿӽӯƽ.

2019.DropboxûΪ1430ÿûƽΪ125.00.2016.ʱעûѾ5.

ĿǰDropboxֵΪ90.82飨6.10̼ۼ㣩ٶ̵ĹֵԼΪ70Լ10.

3 .Apollo

ٶApolloֵǮ1ֱԶʻ۵Ļ.

2018.8.86Researchб״ζ԰ٶȵApolloԶʻƽ̨˵ֵ105Ĺֵ.

Ħ˹̹ȸϵ˳˾Waymoֵ1700.ͨ²CruiseֵҲ190.

Ͷ1ֱ԰ٶApolloļֵϴ1ԭΪģҵӦû1ʱ.

»Լǻ۳еĽ豻Apolloͬ.

ٶ1ֱǿԶʻѾL4˳չǻ۽ͨҵĿҲڶǩԼ.

3.17հٶѡƻзõL4ԶʻŲԻĿ

23бϷӹ԰зõĴ5G·Эͬʾߣ

24бɽʡͨǿԵԶʻ·Эͬʾ·ΣĿ

4.201ǩսԺЭ飻

4.21հٶApolloϾܽͨսԺȵ.

ĿбѻؿԶʻǿ¥԰ٶAIصҲǺܴ.

4 .`

ﻥʱͥΪĵڼֵ.ѷEcho֮ٶ` .Ͱè .СȶĽdz.

2019.`ϵ۶ѾԴﵽ14.75ڿǴϹ˵ռ.

ΪҪ`ϵпﻥʱ¶1ְٶȵڼֵ. δ12.ٶ⼸ҵܱסƵλڱʵṱ150顫200ҵĹֵٶȺҵʱٶȵֵõ800. ֮׬ʱ1ȥٶȵҪúüþϸӪʱ.ΰֵֽתΪҵ""ͼǾ"ֵ"ʵΪ"ֵ"Ĺؼ.

δܾ .׶2е½۽1еиŹɶѾ˷Ϲ.

6.9վ`ű`ƾգ6.8գϹ420ڸۿ鳬۽26.գ6.2գϹ293.70ڸۿ鳬45.16.6.5ֹϹ׹۲¼30037.

عٶȵֵǮ (/) Ƽ 9

ǰٶҲα2еȴٷ.ĿǰٶиŹDZڻعĻ˾ֵŵ4λڰͰ .ƴ ..ڵǰ󻷾°ٶȵ2пҲֻǸʱ.

ʾ:ᵽĹ۵˵ΪֵоʹòͶƼ.

THE END

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