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Geokian

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- GeokianGeokian
  ·2023-06-01
  $Palantir Technologies Inc.(PLTR)$
  243 Comment
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- GeokianGeokian
  ·2023-01-17
  $IFAST CORPORATION LTD.(AIY.SI)$
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- GeokianGeokian
  ·2022-08-25
  $Grab Holdings(GRAB)$
  351 Comment
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- GeokianGeokian
  ·2022-07-06
  $Palantir Technologies Inc.(PLTR)$slowly climbing back up.
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- GeokianGeokian
  ·2022-07-06
  Power of staying vested during bad times
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- GeokianGeokian
  ·2022-06-30
  Here we go again.
  U.S. Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge
  U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half
  U.S. Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge
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- GeokianGeokian
  ·2022-06-29
  hmmm. Noise or truth?
  NIO Inc. Responds to Short Seller Report
  NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to alleg
  NIO Inc. Responds to Short Seller Report
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- GeokianGeokian
  ·2022-06-25
  Actively trading.
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times","images":[{"img":"https://community-static.tradeup.com/news/0eaeec4974547b89fc7beb2ba20bd0f6","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070885422","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9045804855,"gmtCreate":1656589727677,"gmtModify":1676535858874,"author":{"id":"4087114425002490","authorId":"4087114425002490","name":"Geokian","avatar":"https://community-static.tradeup.com/news/5bf34b84be8c891c4cfbec6a2bb27dff","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4087114425002490","authorIdStr":"4087114425002490"},"themes":[],"htmlText":"Here we go again.&nbsp;","listText":"Here we go again.&nbsp;","text":"Here we go again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045804855","repostId":"1160678370","repostType":4,"repost":{"id":"1160678370","kind":"news","pubTimestamp":1656586005,"share":"https://ttm.financial/m/news/1160678370?lang=&edition=fundamental","pubTime":"2022-06-30 18:46","market":"fut","language":"en","title":"U.S. Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge","url":"https://stock-news.laohu8.com/highlight/detail?id=1160678370","media":"Wall Street Journal","summary":"U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half","content":"<html><head></head><body><p>U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and awaited a gauge of inflation that Federal Reserve officials consider their preferred measure of rising prices.</p><p>Futures tied to the S&amp;P 500 dropped 1.4%, a day after indexes finished little changed. Dow Jones Industrial Average futures fell 1.1% while technology-heavy Nasdaq-100 futures lost 1.7%.</p><p>VIX, VIXmain rose 5.89% and 3.28%.</p><p>The S&amp;P 500 is on course to close out its worst first half of the year since the 1970s, as soaring inflation and rapidly rising interest rates raised the specter of recession. After initially discounting postpandemic inflation as transitory, the Federal Reserve and other global central banks have pivoted to making fighting it with interest-rate increases their most important priority, even if it means halting economic growth.</p><p>Comments from Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde to that effect at a conference on Wednesday were setting in and weighing on investors on the final trading day of the quarter, said Jeffrey Halley, senior market analyst at OANDA.</p><p>“Powell and Lagarde suggested that they would keep hiking even if their economies slowed to rein in inflation. That raised recession risks,” he said. Meanwhile, institutional investors were adjusting their portfolios on the final trading day of the quarter “making it a choppy day,” he said.</p><p>Investors have become increasingly convinced that the pace of rate rises will prompt a recession. About 90% of investors expect the U.S. to enter a recession before the end of 2023, according to a survey by Deutsche Bank published Thursday.</p><p>Despite the S&amp;P 500 having tumbled into a bear market—considered a 20% drop from a recent high—72% of investors surveyed expect the S&amp;P 500 to drop to at least 3300 points from its current level of 3818.83 before it can recover.</p><p>One reason for that could be that some investors still think many stocks are overvalued following an uninterrupted run-up in valuations over the last two years. “Despite what has happened we still aren’t finding many cheap stocks,” said David Donabedian, chief investment officer of CIBC Private Wealth US, adding that he thinks forecasts for the coming earnings seasons are too optimistic. “The market needs to get more objectively cheap,” he said.</p><p>The personal-consumption-expenditures price index, due to be released later Thursday, should offer a broad gauge of whether inflation in the economy is peaking. The index is Fed officials’ preferred measure of rising prices and is likely to influence how aggressively they opt to raise interest rates at future policy meetings.</p><p>In bond markets, the yield on the benchmark 10-year U.S. Treasury note fell to 3.058% from 3.091% on Wednesday.</p><p>In commodity markets, Brent crude, the international oil benchmark, flicked between gains and losses. It was last down 0.1% at $112.38 a barrel. Gold prices edged down 0.3%.</p><p>Overseas, the Stoxx Europe 600 fell 1.9% led by losses among auto makers. Porsche Automobil Holding, Continental, Renault and Volkswagen each fell by more than 5%.</p><p>German utility firm Uniper fell more than 14% after scrapping its earnings target for the year as it struggles to replace lost Russian gas supplies, curtailed in the wake of Russia’s invasion of Ukraine.</p><p>In Asia, stock markets were mostly lower. In Japan, the Nikkei 225 fell 1.5% while in Hong Kong, the Hang Seng Index weakened by 0.6%. In mainland China, the Shanghai Composite Index was an exception, rising 1.1%.</p><p>Hong Kong-listed SenseTime Group saw its shares fall by almost half, wiping out $12 billion in market value after a six-month lockup period that had prevented investors from selling shares ended. The artificial-intelligence firm has been placed on a U.S. investment blacklist.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-30 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/global-stocks-markets-dow-update-06-30-2022-11656487667-11656574533?mod=hp_lead_pos1><strong>Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and awaited a gauge of inflation that Federal Reserve officials consider their preferred measure of...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-30-2022-11656487667-11656574533?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIX":"标普500波动率指数"},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-30-2022-11656487667-11656574533?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160678370","content_text":"U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and awaited a gauge of inflation that Federal Reserve officials consider their preferred measure of rising prices.Futures tied to the S&P 500 dropped 1.4%, a day after indexes finished little changed. Dow Jones Industrial Average futures fell 1.1% while technology-heavy Nasdaq-100 futures lost 1.7%.VIX, VIXmain rose 5.89% and 3.28%.The S&P 500 is on course to close out its worst first half of the year since the 1970s, as soaring inflation and rapidly rising interest rates raised the specter of recession. After initially discounting postpandemic inflation as transitory, the Federal Reserve and other global central banks have pivoted to making fighting it with interest-rate increases their most important priority, even if it means halting economic growth.Comments from Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde to that effect at a conference on Wednesday were setting in and weighing on investors on the final trading day of the quarter, said Jeffrey Halley, senior market analyst at OANDA.“Powell and Lagarde suggested that they would keep hiking even if their economies slowed to rein in inflation. That raised recession risks,” he said. Meanwhile, institutional investors were adjusting their portfolios on the final trading day of the quarter “making it a choppy day,” he said.Investors have become increasingly convinced that the pace of rate rises will prompt a recession. About 90% of investors expect the U.S. to enter a recession before the end of 2023, according to a survey by Deutsche Bank published Thursday.Despite the S&P 500 having tumbled into a bear market—considered a 20% drop from a recent high—72% of investors surveyed expect the S&P 500 to drop to at least 3300 points from its current level of 3818.83 before it can recover.One reason for that could be that some investors still think many stocks are overvalued following an uninterrupted run-up in valuations over the last two years. “Despite what has happened we still aren’t finding many cheap stocks,” said David Donabedian, chief investment officer of CIBC Private Wealth US, adding that he thinks forecasts for the coming earnings seasons are too optimistic. “The market needs to get more objectively cheap,” he said.The personal-consumption-expenditures price index, due to be released later Thursday, should offer a broad gauge of whether inflation in the economy is peaking. The index is Fed officials’ preferred measure of rising prices and is likely to influence how aggressively they opt to raise interest rates at future policy meetings.In bond markets, the yield on the benchmark 10-year U.S. Treasury note fell to 3.058% from 3.091% on Wednesday.In commodity markets, Brent crude, the international oil benchmark, flicked between gains and losses. It was last down 0.1% at $112.38 a barrel. Gold prices edged down 0.3%.Overseas, the Stoxx Europe 600 fell 1.9% led by losses among auto makers. Porsche Automobil Holding, Continental, Renault and Volkswagen each fell by more than 5%.German utility firm Uniper fell more than 14% after scrapping its earnings target for the year as it struggles to replace lost Russian gas supplies, curtailed in the wake of Russia’s invasion of Ukraine.In Asia, stock markets were mostly lower. In Japan, the Nikkei 225 fell 1.5% while in Hong Kong, the Hang Seng Index weakened by 0.6%. In mainland China, the Shanghai Composite Index was an exception, rising 1.1%.Hong Kong-listed SenseTime Group saw its shares fall by almost half, wiping out $12 billion in market value after a six-month lockup period that had prevented investors from selling shares ended. The artificial-intelligence firm has been placed on a U.S. investment blacklist.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042486249,"gmtCreate":1656513893881,"gmtModify":1676535843347,"author":{"id":"4087114425002490","authorId":"4087114425002490","name":"Geokian","avatar":"https://community-static.tradeup.com/news/5bf34b84be8c891c4cfbec6a2bb27dff","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4087114425002490","authorIdStr":"4087114425002490"},"themes":[],"htmlText":"hmmm. Noise or truth?&nbsp;","listText":"hmmm. Noise or truth?&nbsp;","text":"hmmm. Noise or truth?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042486249","repostId":"1131973774","repostType":2,"repost":{"id":"1131973774","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656479352,"share":"https://ttm.financial/m/news/1131973774?lang=&edition=fundamental","pubTime":"2022-06-29 13:09","market":"hk","language":"en","title":"NIO Inc. Responds to Short Seller Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1131973774","media":"Tiger Newspress","summary":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to alleg","content":"<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.</p><p>The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company&#39;s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).</p><p>The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.</p><p>Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.</p><p>In the report, Grizzly states they believe Nio &#34;plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.&#34;</p><p>Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China&#39;s most valuable electric vehicle companies.</p><p>&#34;Allow us to introduce you to Wuhan Weineng (&#34;Weineng&#34;), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,&#34; Grizzly said. &#34;While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.&#34;</p><p>Grizzly believes sales to Weineng have inflated Nio&#39;s revenue and net income by 10% and 95%, respectively.</p><p>&#34;Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.&#34;</p><p>In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng&#39;s top two executives double as NIO&#39;s Vice President and Battery Operating Executive Manager, and NIO&#39;s Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Inc. Responds to Short Seller Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Inc. Responds to Short Seller Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-29 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.</p><p>The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company&#39;s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).</p><p>The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.</p><p>Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.</p><p>In the report, Grizzly states they believe Nio &#34;plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.&#34;</p><p>Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China&#39;s most valuable electric vehicle companies.</p><p>&#34;Allow us to introduce you to Wuhan Weineng (&#34;Weineng&#34;), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,&#34; Grizzly said. &#34;While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.&#34;</p><p>Grizzly believes sales to Weineng have inflated Nio&#39;s revenue and net income by 10% and 95%, respectively.</p><p>&#34;Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.&#34;</p><p>In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng&#39;s top two executives double as NIO&#39;s Vice President and Battery Operating Executive Manager, and NIO&#39;s Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131973774","content_text":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today issued the following statement in response to allegations made in a report by Grizzly Research LLC, a short seller.The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company's board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations.Short-seller Grizzly Research released a negative research report on Chinese electric vehicle maker Nio (NYSE: NIO) Tuesday.In the report, Grizzly states they believe Nio \"plays valeant-esque accounting games to inflate revenue and boost net income margins to meet targets.\"Despite their significant fall from all-time highs during the Covid pandemic, Nio shares are still up considerably from pre-pandemic levels, making it one of China's most valuable electric vehicle companies.\"Allow us to introduce you to Wuhan Weineng (\"Weineng\"), the convenient difference-maker helping NIO exceed lofty growth and profitability estimates on The Street. Despite being formed by NIO and a consortium of investors in late 2020, this unconsolidated related party has already generated billions in revenue for NIO,\" Grizzly said. \"While this rapid growth is impressive on the surface, our investigation has found Weineng might be to NIO what Philidor was to Valeant. Just as Philidor aided Valeant in habitually making numbers, NIO has curiously exceeded estimates since establishing Weineng.\"Grizzly believes sales to Weineng have inflated Nio's revenue and net income by 10% and 95%, respectively.\"Specifically, we find that at least 60% of its FY2021 earnings beat seems attributable to Weineng.\"In further claims, the report states NIO gave Weineng up to an extra 21,053 batteries to boost its numbers, Weineng's top two executives double as NIO's Vice President and Battery Operating Executive Manager, and NIO's Chairman and CEO, Bin Li, is closely tied to parties central to the Luckin Coffee Fraud.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041424893,"gmtCreate":1656088515812,"gmtModify":1676535765957,"author":{"id":"4087114425002490","authorId":"4087114425002490","name":"Geokian","avatar":"https://community-static.tradeup.com/news/5bf34b84be8c891c4cfbec6a2bb27dff","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4087114425002490","authorIdStr":"4087114425002490"},"themes":[],"htmlText":"Actively trading.&nbsp;","listText":"Actively trading.&nbsp;","text":"Actively trading.","images":[{"img":"https://community-static.tradeup.com/news/c40b003aabf979805329f1085832912c","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041424893","isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}