Holding power, a significant R

1
Comment
Favorite

Holding power, a significant Role🙏🙏

NIO: EV Slump Won't Last

NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the pr

NIO: EV Slump Won't Last

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":268622966468744,"tweetId":"268622966468744","gmtCreate":1706604252805,"gmtModify":1706604257450,"author":{"id":3573810296615865,"idStr":"3573810296615865","authorId":3573810296615865,"authorIdStr":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":27,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Holding power, a significant Role🙏🙏</p></body></html>","htmlText":"<html><head></head><body><p>Holding power, a significant Role🙏🙏</p></body></html>","text":"Holding power, a significant Role🙏🙏","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/268622966468744","repostId":2407825976,"repostType":4,"repost":{"id":"2407825976","kind":"highlight","pubTimestamp":1706585994,"share":"https://www.laohu8.com/m/news/2407825976?lang=&edition=full","pubTime":"2024-01-30 11:39","market":"us","language":"en","title":"NIO: EV Slump Won't Last","url":"https://stock-news.laohu8.com/highlight/detail?id=2407825976","media":"seekingalpha","summary":"NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the pr","content":"<html><head></head><body><ul style=\"\"><li><p>NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.</p></li><li><p>The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the prior records by 10K vehicles.</p></li><li><p>NIO plans to expand production into sub-brands to enter the lower-cost vehicle market and estimates it controls over 40% of the ultra-premium market.</p></li><li><p>The stock only trades slightly above 1x sales despite all the growth opportunities ahead.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/680c750e333068206d2775e49ddf1535\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way/iStock Editorial via Getty Images</p><p><strong>NIO Inc.</strong> (NYSE:NIO) has been squeezed by negativity surrounding both the Chinese economy and electric vehicles (&#34;EVs&#34;) market. The stock has slumped to only $6 despite record production in the 2H&#39;23 and signs of further ramps in 2024 with move into sub-brands. My investment thesis is again ultra Bullish on the stock after the dip back down to the lows.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f26493c8277fc6a11b6e3696815dd8fc\" tg-width=\"996\" tg-height=\"442\"/></p><p>Source: Finviz</p><h2 id=\"id_3687534094\">Upwards</h2><p>NIO ended 2023 on a high note with December vehicle deliveries at 18,012. The Chinese EV company rebounded 13% from only 15,959 vehicle deliveries in November.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9384616c4d0299a961af4e54c22cb57\" tg-width=\"640\" tg-height=\"346\"/></p><p>Source: CnEVPost</p><p>After a few very volatile years, NIO finally took production to the next level with the launch of the ES6 vehicle during the Summer. The EV company topped 20K vehicles for the first time in July and was able to keep monthly production levels around the 15K prior high from the end of 2022.</p><p>The quarterly deliver number has shown far more consistent growth with NIO delivering 50,045 vehicles in Q4. The number was just below the record delivery total of 55,432 in Q3&#39;23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a6e7d5097b589158bbab6d81cdda426\" tg-width=\"640\" tg-height=\"353\"/></p><p>Source: CnEVPost</p><p>Both quarters were far above the prior record of 40,052 vehicle deliveries back in Q4&#39;22. The quarter was nearly 10K units above the prior quarterly vehicle delivery record. In essence, NIO delivered nearly 20K vehicles more than any other quarter outside of Q4&#39;22.</p><p>The irony is that the stock trades at the all-time lows while vehicle deliveries are far above prior levels. When NIO was reporting prior record levels, the stock was trading at nearly $20 in a sign of how the market isn&#39;t in touch with actual results.</p><p>NIO hasn&#39;t always hit corporate targets, but the Chinese EV company has grown quarterly vehicle production from below 10K when Covid hit in 2020 to over 50K units now for 400%+ growth during the 3-year period.</p><p>The company is now expanding production into sub-brands to enter the lower cost vehicle markets. NIO estimates the company controls over 40% of the ultra premium market.</p><p>The Alps brand has a targeted price of $28K and NIO will start sales at some point during 2024. Apparently, the company will strip out some of the self-driving capabilities replacing the <strong>Nvidia</strong> (NVDA) chips with an internal developed chip while also stripping out the Lidar for a cheaper camera based system similar to what <strong>Tesla</strong> (TSLA) uses for the full-self driving, or FSD, concept. Also, NIO expects the battery swap technologies to provide a boost to more mass market brands due to the lack of home chargers for a consumer base living more in an urban environment and apartments.</p><p>The Alps brand will apparently start with an SUV with targeted starting price at the RMB 200,000 ($28,000) level and up to - RMB 250,000 market. <strong>Li Auto</strong> (LI) thrives at slightly higher auto prices and is targeting 800K units in 2024 while NIO thinks the driving assistance offered in the lower-priced vehicles will provide an advantage.</p><p>NIO appears set to launch the Alps model with the potential for much higher volumes, which could help contribute to more positive sentiment for the stock. The Chinese EV leader in the premium sector naturally sales less vehicles considering the just unveiled executive flagship sedan ET9 has a pre-sale price of RMB 800,000, or roughly $112,150.</p><h2 id=\"id_197464055\">Margin Focus</h2><p>A big aspect of the Q3&#39;23 quarter reported in early December was an updated look at the financials. The company finally boosted vehicle production to new record levels, but also NIO focused on cutting costs to get the EV business closer to sustainable cash flows.</p><p>The company reported record sales of $2.6 billion in the quarter and boosted vehicle margins back to 11.0% on $2.4 billion in vehicle sales. NIO hasn&#39;t completely recaptured the vehicle margin of the prior highs, but the company is producing a similar gross profit to cover fixed costs due to the higher vehicle sales, though other sales had a negative margin pushing the overall gross margin down to just 8.0%.</p><p>NIO lost $541 million in Q3 and the recent cost cuts weren&#39;t factored into these losses. The company announced plans to cut operating costs by up to 10% back in November and the non-GAAP operating expense base was $832 billion in the quarter.</p><p>The biggest issue facing NIO is that a huge deficit exists between the gross profit just topping $200 million and the operating expense base, even after a 10% cut. NIO needs $4 billion in quarterly revenues with a 20% vehicle margin in order to cover the current operating expense base, even if quarterly operating expenses were actually cut to below $750 million.</p><p>On the Q3&#39;23 earnings call, the CFO guided to a Q4&#39;23 vehicle margin of 15% with a 2024 target in the 15% to 18% range. Anything closer to 20% will set up the company to head towards the breakeven level, though the company will need substantial vehicle sales growth while maintaining the higher margins on the sub-brand vehicle sales.</p><p>Analysts forecast 2024 revenues of $11 billion with quarterly sales approaching $3 billion during Q4. As mentioned above, NIO would only deliver a gross profit of $600 million during the December quarter on a 20% vehicle margin while the company suggested the target is possibly just 18% this year.</p><p>NIO launched the new flagship model vehicle with a release date in March. Vehicle sales will probably be weak during Q1 with 2023 model prices apparently being slashed and other consumers waiting for the new model to buy a NIO EV.</p><p>The company ended September with a cash balance of $6.2 billion and NIO closed the equity investment from CYVN during December providing another cash infusion of $2.2 billion. The investment vehicle based in Abu Dhabi will own 20.1% of NIO after acquiring the 294 minion additional shares at $7.50 per share.</p><p>NIO now has over $2 billion shares outstanding with a market cap just below $13 billion. The Chinese EV company has sales targets topping $10 billion making the stock relatively cheap.</p><p>NIO needs to eliminate the losses via higher vehicle margins and lower operating expenses, which will show up in 2024. The combination of 15%+ vehicle margins and 10% lower operating expenses will squeeze several hundred million out of the quarterly losses. The stock will be far more appealing with the large cash balance more secure from being burned away via ongoing massive operating losses.</p><h2 id=\"id_3367825456\">Takeaway</h2><p>The key investor takeaway is that NIO is slowly building a strong brand in the Chinese EV market. The Chinese economy and overall EV weakness have hit the stock, but the company has a solid plan for cutting losses to more sustainable levels to allow the massive plans for a new sub-brand development, along with a charging swapping station network, to reach fruition.</p><p>Investors should use the ongoing weakness to snap up NIO.</p></body></html>","source":"seekingalpha","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: EV Slump Won't Last</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: EV Slump Won't Last\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","09866":"蔚来-SW","BK4563":"昨日强势股","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU0079474960.USD":"联博美国增长基金A","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4554":"元宇宙及AR概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4531":"中概回港概念","NIO.SI":"蔚来","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4587":"ChatGPT概念","LI":"理想汽车","TSLA":"特斯拉","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4527":"明星科技股","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","NIO":"蔚来","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD"},"source_url":"https://seekingalpha.com/article/4665792-nio-ev-slump-wont-last","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2407825976","content_text":"NIO has seen its stock slump to $6 despite record production and signs of further growth in 2024.The company delivered 50,045 vehicles in Q4, slightly below Q3 records, but the amount surpassed the prior records by 10K vehicles.NIO plans to expand production into sub-brands to enter the lower-cost vehicle market and estimates it controls over 40% of the ultra-premium market.The stock only trades slightly above 1x sales despite all the growth opportunities ahead.Robert Way/iStock Editorial via Getty ImagesNIO Inc. (NYSE:NIO) has been squeezed by negativity surrounding both the Chinese economy and electric vehicles (\"EVs\") market. The stock has slumped to only $6 despite record production in the 2H'23 and signs of further ramps in 2024 with move into sub-brands. My investment thesis is again ultra Bullish on the stock after the dip back down to the lows.Source: FinvizUpwardsNIO ended 2023 on a high note with December vehicle deliveries at 18,012. The Chinese EV company rebounded 13% from only 15,959 vehicle deliveries in November.Source: CnEVPostAfter a few very volatile years, NIO finally took production to the next level with the launch of the ES6 vehicle during the Summer. The EV company topped 20K vehicles for the first time in July and was able to keep monthly production levels around the 15K prior high from the end of 2022.The quarterly deliver number has shown far more consistent growth with NIO delivering 50,045 vehicles in Q4. The number was just below the record delivery total of 55,432 in Q3'23.Source: CnEVPostBoth quarters were far above the prior record of 40,052 vehicle deliveries back in Q4'22. The quarter was nearly 10K units above the prior quarterly vehicle delivery record. In essence, NIO delivered nearly 20K vehicles more than any other quarter outside of Q4'22.The irony is that the stock trades at the all-time lows while vehicle deliveries are far above prior levels. When NIO was reporting prior record levels, the stock was trading at nearly $20 in a sign of how the market isn't in touch with actual results.NIO hasn't always hit corporate targets, but the Chinese EV company has grown quarterly vehicle production from below 10K when Covid hit in 2020 to over 50K units now for 400%+ growth during the 3-year period.The company is now expanding production into sub-brands to enter the lower cost vehicle markets. NIO estimates the company controls over 40% of the ultra premium market.The Alps brand has a targeted price of $28K and NIO will start sales at some point during 2024. Apparently, the company will strip out some of the self-driving capabilities replacing the Nvidia (NVDA) chips with an internal developed chip while also stripping out the Lidar for a cheaper camera based system similar to what Tesla (TSLA) uses for the full-self driving, or FSD, concept. Also, NIO expects the battery swap technologies to provide a boost to more mass market brands due to the lack of home chargers for a consumer base living more in an urban environment and apartments.The Alps brand will apparently start with an SUV with targeted starting price at the RMB 200,000 ($28,000) level and up to - RMB 250,000 market. Li Auto (LI) thrives at slightly higher auto prices and is targeting 800K units in 2024 while NIO thinks the driving assistance offered in the lower-priced vehicles will provide an advantage.NIO appears set to launch the Alps model with the potential for much higher volumes, which could help contribute to more positive sentiment for the stock. The Chinese EV leader in the premium sector naturally sales less vehicles considering the just unveiled executive flagship sedan ET9 has a pre-sale price of RMB 800,000, or roughly $112,150.Margin FocusA big aspect of the Q3'23 quarter reported in early December was an updated look at the financials. The company finally boosted vehicle production to new record levels, but also NIO focused on cutting costs to get the EV business closer to sustainable cash flows.The company reported record sales of $2.6 billion in the quarter and boosted vehicle margins back to 11.0% on $2.4 billion in vehicle sales. NIO hasn't completely recaptured the vehicle margin of the prior highs, but the company is producing a similar gross profit to cover fixed costs due to the higher vehicle sales, though other sales had a negative margin pushing the overall gross margin down to just 8.0%.NIO lost $541 million in Q3 and the recent cost cuts weren't factored into these losses. The company announced plans to cut operating costs by up to 10% back in November and the non-GAAP operating expense base was $832 billion in the quarter.The biggest issue facing NIO is that a huge deficit exists between the gross profit just topping $200 million and the operating expense base, even after a 10% cut. NIO needs $4 billion in quarterly revenues with a 20% vehicle margin in order to cover the current operating expense base, even if quarterly operating expenses were actually cut to below $750 million.On the Q3'23 earnings call, the CFO guided to a Q4'23 vehicle margin of 15% with a 2024 target in the 15% to 18% range. Anything closer to 20% will set up the company to head towards the breakeven level, though the company will need substantial vehicle sales growth while maintaining the higher margins on the sub-brand vehicle sales.Analysts forecast 2024 revenues of $11 billion with quarterly sales approaching $3 billion during Q4. As mentioned above, NIO would only deliver a gross profit of $600 million during the December quarter on a 20% vehicle margin while the company suggested the target is possibly just 18% this year.NIO launched the new flagship model vehicle with a release date in March. Vehicle sales will probably be weak during Q1 with 2023 model prices apparently being slashed and other consumers waiting for the new model to buy a NIO EV.The company ended September with a cash balance of $6.2 billion and NIO closed the equity investment from CYVN during December providing another cash infusion of $2.2 billion. The investment vehicle based in Abu Dhabi will own 20.1% of NIO after acquiring the 294 minion additional shares at $7.50 per share.NIO now has over $2 billion shares outstanding with a market cap just below $13 billion. The Chinese EV company has sales targets topping $10 billion making the stock relatively cheap.NIO needs to eliminate the losses via higher vehicle margins and lower operating expenses, which will show up in 2024. The combination of 15%+ vehicle margins and 10% lower operating expenses will squeeze several hundred million out of the quarterly losses. The stock will be far more appealing with the large cash balance more secure from being burned away via ongoing massive operating losses.TakeawayThe key investor takeaway is that NIO is slowly building a strong brand in the Chinese EV market. The Chinese economy and overall EV weakness have hit the stock, but the company has a solid plan for cutting losses to more sustainable levels to allow the massive plans for a new sub-brand development, along with a charging swapping station network, to reach fruition.Investors should use the ongoing weakness to snap up NIO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":33,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}