[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2021072018364047280":3,"related-JP2021072018364047280":31},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":11,"postTime":17,"viewTime":17,"sortNumber":18,"isFree":19,"isShowList":7,"isRecommend":19,"linkType":7,"isOriginal":6,"hasMiniUrl":19,"hasAdvertising":19,"createBy":20,"updateBy":20,"createTime":21,"visitCount":22,"isLiked":19,"realSearch":23,"isRead":19,"productId":24,"isCollected":19,"collectCount":7,"vipExclusive":19,"allowComment":7,"style":25,"canCopy":19,"likeCount":19,"duration":19,"playStyle":7,"seoKeywords":26,"articleModuleVoList":27,"extendContentList":28,"noteCount":7,"categoryList":29,"dailyKeywordList":30},10,3522,"1",1,"JP2021072018364047280","1041018",3,"","茅台这么能赚钱，为啥还要上市呢？","https:\u002F\u002Fimage.jane7.com\u002F55b732a8-77ff-4ba0-89f1-a3579eac5410.png","https:\u002F\u002Fjane7-prod.oss-cn-hangzhou.aliyuncs.com\u002Fmanager\u002Farticle_default_img.png","茅台退市不是赚的更多？一起来看看~","\u003Csection>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">前段时间，收到一个有趣的提问：\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">像茅台这样现金流充沛，盈利能力强，又不大规模扩大经营需要融资，每年分红那么多给股东，为啥还要上市呢？退市不是赚的更多？\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">2001年8月份，茅台首次上市，募集资金20亿。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">而在接下来的20年里（截止去年年底），茅台的累计净利润是\u003Cstrong style=\"margin: 0px; padding: 0px;\">2557\u003C\u002Fstrong>亿，累计分红是\u003Cstrong style=\"margin: 0px; padding: 0px;\">1214\u003C\u002Fstrong>亿。相当于啊，赚的钱拿出了\u003Cstrong style=\"margin: 0px; padding: 0px;\">近一半\u003C\u002Fstrong>分给股东，出手够大方的。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">光是去年，茅台就发了\u003Cstrong style=\"margin: 0px; padding: 0px;\">242\u003C\u002Fstrong>亿的现金分红。看完这些数字，你是不是也会有同样的好奇呢？\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">首先，我们来回答第一个问题，\u003Cstrong style=\"margin: 0px; padding: 0px;\">茅台为啥要上市呢？\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002F963d7d23-6d04-4bbd-aa2b-9b87550f002f.jpg\" height=\"auto\" width=\"1080\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; color: rgb(214, 168, 65); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"color: rgb(214, 168, 65); margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">01 \u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">要搞清楚这个问题，先要理解什么是上市。\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">我们通常指的是首次公开募股（IPO），是指一家公司经过批准，在证券交易所首次公开发行股票，也就是第一次把股份拿出来向公众出售。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cblockquote style=\"margin: 1em 16px; padding: 4px 0px 0px 10px; border-left: 3px solid rgb(219, 219, 219); color: rgba(0, 0, 0, 0.5); line-height: 2em; font-size: 15px; text-align: justify; white-space: normal; max-width: 100%; letter-spacing: 0.544px; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">插播小知识：我们常说的\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5MzA3MjI2NQ==&mid=2650656854&idx=1&sn=31d4bf272f7985da85de58fcd90d3d99&chksm=be95e5b089e26ca6570b2a9a0461647c11f7aafbb3d3b946bb31302f51162bd94f1019e19806&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; text-decoration-line: none; color: rgb(64, 158, 255); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;;color:#409eff\">「打新股」\u003C\u002Fa>，就是去买这些新上市的股票。\u003C\u002Fspan> \n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">如果你想参与打新股，却不知道怎么操作，可以关注微信公众号：简七读财，回复“新手”领取一份保姆级的教程。\u003C\u002Fspan>\n  \u003C\u002Fsection>\n \u003C\u002Fblockquote>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">为什么公司要上市呢？说白了是\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">手里缺钱，需要用股份筹集资金，来扩张经营规模。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">贵州茅台现在是「不差钱」，账上躺着一千多亿现金。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">但在20年前，贵州茅台手里，很缺钱。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">2001年，当时贵州茅台准备扩大生产能力，想要提高茅台酒产量，这需要大量资金投入。大概多少钱呢？算下来总共要20亿。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002Fc1337c6c-fc53-4ca8-b88f-88119ab17d08.jpg\">\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">图片来源：2001年贵州茅台招股说明书\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">当时茅台一年的净利润只有2亿多，账面上的货币资金是4亿多，加起来也不够用啊。\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">所以，才通过公开发行股票，来筹集资金扩张业务。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">公司上市还有个好处，万一以后它又\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">缺钱了，还可以通过增发股票的方式，再次筹集资金。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">现实中，茅台除了上市时募集了20个亿，之后再也没有增发股票，就靠着自有资金一路发展壮大，赚的钱一年比一年多，还定期分给全体股东。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">哪怕你就买了100股，茅台每年现金分红，都少不了你一份。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">于是就有了一开始的第二个问题：\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">一年赚的400多亿利润都是公司自己的，为什么不退市，把钱留着自己花呢？\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002F00fa4cfe-97a5-47fa-887c-bbb49df1d146.jpg\" height=\"auto\" width=\"1080\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; color: rgb(214, 168, 65); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"color: rgb(214, 168, 65); margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">02\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">其实别的公司就干过这种事，专业说法叫\u003Cstrong style=\"margin: 0px; padding: 0px;\">「私有化」退市。\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">比如曾经的「中国美妆电商第一股」聚美优品，创始人陈欧就提出了私有化，去年正式从美股退市了。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">简单来说，就是上市公司大股东把其他小股东手里的股票全部买回来，撤销这家公司的上市资格，变成私有公司。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">贵州茅台的大股东，是中国贵州茅台酒厂（集团）有限责任公司，它要实施私有化，就要从其他股东手里买回股票。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages js_insertlocalimg\" src=\"https:\u002F\u002Fimage.jane7.com\u002Ffd9bc78e-0e0c-437f-8f70-a909f073e20b.jpg\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">图片来源：贵州茅台2020年年报\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">从别人手里买东西，那是要花钱的。\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light;\">具体要多少钱呢？可以简单算一笔账。\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">目前贵州茅台的总股本是12.56亿，减去大股东手里的6.78亿股，其他股东手里的是5.78亿股。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">当前茅台的股价是1980元一股，那么大股东要支付约\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">1.2万亿元\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">（1980元×5.78亿股），才能买回全部股票。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">那茅台出得起这笔钱吗？也可以算一笔账。\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">我们看它账面上的货币资金是360亿，加上拆出资金1000多亿，离1.2万亿可是远远不够，买不回所有的股票。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; max-width: 100%; min-height: 1em; letter-spacing: 0.544px; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cblockquote style=\"margin: 1em 16px; padding: 4px 0px 0px 10px; border-left: 3px solid rgb(219, 219, 219); color: rgba(0, 0, 0, 0.5); line-height: 2em; font-size: 15px; text-align: justify; white-space: normal; max-width: 100%; letter-spacing: 0.544px; background-color: rgb(255, 255, 255); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n  \u003Csection>\n   \u003Cspan style=\"margin: 0px; padding: 0px; max-width: 100%; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important; font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">拆出资金：主要是贵州茅台集团财务有限公司同业拆出资金。\u003C\u002Fspan>\n  \u003C\u002Fsection>\n \u003C\u002Fblockquote>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">所以，回答第二个问题，茅台为啥不退市？\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">原因之一就是，\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">退市的代价太大了，没法自个儿「吃独食」。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cimg src=\"https:\u002F\u002Fimage.jane7.com\u002Fc60ab112-3b95-4641-b68e-ae0e55c98475.jpg\" height=\"auto\" width=\"1080\">\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:center;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; color: rgb(214, 168, 65); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"color: rgb(214, 168, 65); margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">03 \u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">不仅是「退不起」，也没必要退。\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">许多主动选择退市的公司，是因为自己的价值被严重低估。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">而茅台的股价，则是完成了20年翻了300多倍的「神话」，股价一度超过2500元。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">如果你在2001年花10万元买了贵州茅台的股票，持有到现在市值会变成3200万左右，加上200万左右的分红收益，总共3400万左右。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">另外，作为上市公司还有个好处，假如企业经营得好，股价长牛，也能提升公司的品牌形象，相当于是变相「打广告」。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">就比如今年的巴菲特股东大会，老巴列出了2021年世界上最大的20家公司，贵州茅台名列第16位。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">虽然大部分老外可能没喝过茅台，但他们都知道，中国第一名酒是茅台。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">如果企业不上市，就很难获得这样的国际影响力，毕竟像华为那样，不上市也很牛的公司，还是少数啊。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">好了，从贵州茅台这个例子，大家应该也明白了，公司上市的目的并不是为了「圈钱」。\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; color: rgb(214, 168, 65); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px;\">\u003Cspan style=\"color: rgb(214, 168, 65); margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">我们投资股票，不妨把眼光放得长远些，一起分享公司成长的果实，做一个长期投资者。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cbr>\u003C\u002Fp>\n \u003Cp style=\"text-align:justify;margin: 0px 16px; padding: 0px; clear: both; color: rgb(51, 51, 51); font-size: 17px; white-space: normal; line-height: 2em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; background-color: rgb(255, 255, 255); color: rgb(73, 73, 73); font-size: 16px; letter-spacing: 1px; text-align: left; caret-color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, "Hiragino Sans GB", "Apple Color Emoji", "Emoji Symbols Font", "Segoe UI Symbol", Arial, sans-serif;\">你的脑中，最近有冒出什么新奇的问题吗？欢迎留言一起交流呀～\u003C\u002Fspan>\u003C\u002Fp>\n\u003C\u002Fsection>","2021-07-21 06:25:00",100,0,"zhanglizi@jane7.com","2021-07-20 18:36:40",6,false,9906,"1038002","股票",[],[],[],[],[32,44,53,62],{"pageSize":4,"articleWikiId":33,"wikiName":34,"articleCode":35,"locationType":36,"sortNumber":37,"articleTitle":38,"introduction":39,"coverImage":40,"likeCount":7,"realSearch":23,"createTime":41,"seoUrl":42,"seoKeywords":43},96,"股票投资","JP2020052722183667418",2,20200527,"为什么美团亏掉了17亿，股价反而大涨呢？","从基本面来看，美团的成长潜力确实值得期待，那么，我们可以买它的股票吗？一起来看看~","https:\u002F\u002Fimage.jane7.com\u002F3dbdd5bb-b689-4b38-95a0-4a20320a7c93.png","2020-05-27 22:18:36","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020052722183667418-96.html","股票,A股",{"pageSize":4,"articleWikiId":33,"wikiName":34,"articleCode":45,"locationType":36,"sortNumber":46,"articleTitle":47,"introduction":48,"coverImage":49,"likeCount":19,"realSearch":23,"createTime":50,"seoUrl":51,"seoKeywords":52},"JP2020070713263678092",20200707,"聊聊我所经历的2次牛市","说实话，看到热热闹闹的讨论，我的心情挺复杂的。","https:\u002F\u002Fimage.jane7.com\u002Fa8c844c6-0c60-4fad-8b0b-4f288be77497.png","2020-07-07 13:26:36","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020070713263678092-96.html","A股,股票",{"pageSize":4,"articleWikiId":33,"wikiName":34,"articleCode":54,"locationType":36,"sortNumber":55,"articleTitle":56,"introduction":57,"coverImage":58,"likeCount":19,"realSearch":23,"createTime":59,"seoUrl":60,"seoKeywords":61},"JP2020051318123767868",20200513,"基金定投可以分散投资风险，买股票也可以定投吗？","基金可以通过定投来摊平投资成本，降低投资风险，那股票是不是也可以定投？","https:\u002F\u002Fimage.jane7.com\u002Fce595895-02ff-438e-89b4-75f0d999d792.png","2020-05-13 18:12:37","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020051318123767868-96.html","股票,A股,定投",{"pageSize":4,"articleWikiId":33,"wikiName":34,"articleCode":63,"locationType":36,"sortNumber":64,"articleTitle":65,"introduction":66,"coverImage":67,"likeCount":19,"realSearch":23,"createTime":68,"seoUrl":69,"seoKeywords":70},"JP2020070918063923101",20200709,"大涨了！到底该不该卖出？5个关键与3点提示","涨了这么多，到底要不要卖？怎么卖？","https:\u002F\u002Fimage.jane7.com\u002F2f8ed97f-e41e-4780-8121-c50217f45bac.png","2020-07-09 18:06:39","https:\u002F\u002Fwww.jane7.com\u002Farticle-financing-JP2020070918063923101-96.html","牛市,大涨"]