In 6 months, I was shorted 6 times and responded 5 times.

In 6 months, I was shorted 6 times and responded 5 times.
On May 18, Muddy Water released a short report on who the US stock online education company learned from.The earliest is that in less than three months from February 25 to now, the four short-selling agencies of Grizzly, Citron, Scorpio, and Muddy Water have been shorted 6 times, connected transactions, Zhengzhou land price, businessRevenue, high-way classrooms, executive turnover, and fair pledges have all been questioned.  Conducted, and responded to it many times.  On May 19, Chen Xiangdong, who learned from CEO, said in a circle of friends, “Some investors said that they were shorted 6 times in 3 months and shorted by 3 different US short-selling agencies. I am afraid that learning from anyone is truly unprecedented.”In February of this year, the Grizzlies who were short-sellers for the first time were short-sellers. At that time, there was no positive and detailed response to who they learned from. The conversion of Ruixing Coffee’s financial fraud incident continued, and there were media communication conferences and investor telephone conferences.Respond to all allegations.  At that time, who learned from the CEO Chen Xiangdong to accept the sauna, Ye Wang said in an interview that the Chinese stock market is at its most vulnerable time, it is not easy to estimate whether the spread is expanding, but the Chinese stock market is rooted in the Chinese economy and will not be collapsed.Crisis.  As for the result after learning from whom to short, Chen Xiangdong believes, “I think the gradual evolution in the short term is inevitable.”Surely there will be some investors who do n’t trust them will cut their positions a lot, and some investors will increase their positions, but we will definitely not return to A-shares or privatize now. The US market is still the most dynamic market in the world.One, I still trust the American market.”The following is the process of who has been short-sold by four institutions six times: The first: Time: February 25 Institution: Grizzly Research: The net profit in 2018 was overstated.6%, there may be a billing phenomenon, the use of related parties to manipulate finance, etc.  Response: We believe that for such subjective assumptions, logically chaotic reports do not need to be evaluated.  Leading: reported 44.09 US dollars / share, down 2.93% due to Ruixing Coffee ‘s financial fraud, from April 8th to 9th, with whom to learn to introduce a media conference and investor conference call to respond to the Grizzlies ‘allegations.In response to the short-selling report pointing out the transaction problems of the three affiliated companies, Chen Xiangdong said that with whom he learned to support the “Baijia Shilian” and “Baijia Yuntu”, as well as Beijing Youlian (also known as the parent’s family), the company did not pass on profits.  Regarding the departure of the company’s executives, Chen Xiangdong explained that Song Yuxiao, the former vice president of finance, had left because of physical reasons. The company’s CFO Shen Nan did not serve as a fraudulent subsidiary. The co-founder Zhang Huaiting wanted to rest personally, and the company had no internal struggles.  Questioning about the low-cost purchase of the Zhengzhou Building, Chen Xiangdong introduced that the building has a construction area of 65,800 square meters and is initially priced at 3.300 million yuan, about 5,000 yuan.Admit that the local government has given a lot of support.  Read more: “Who should talk to learn from Chen Xiangdong: I want to stand up when the Chinese stock market is at its most vulnerable time”Who to learn to re-disclose financial data: cash income has exceeded 33 trillion “Extension: April 9, reported 33.16 US dollars / share, an increase of 8.83% for the second time: Institution: Citron Research Time: April 14 Allegations: There are instances of double counting of courses, and revenue in 2019 is overstated by up to 70%.  Response: Citron ‘s shorting report has a large number of duplicate copies of the Grizzly Shorting Report, which has been repeated and announced by the announcement, and the content has been transformed. The shorting report does not know the main source of the company ‘s K12 extracurricular tutoring income is who to learn fromAbove, its ignorance of the company ‘s business operations is outrageous, and its attempts to mislead investors and the public are clearly revealed.  Read more: “With whom to learn Chen Xiangdong’s response to citron shorting: a considerable part of K12’s income comes from Gaotu” included: newspaper 31.$ 20 / share, down 0.64% for the third time: Institution: Citron Research Time: April 30 Accusation: With whom to learn to manipulate financial data, 40% of registered users in 2019 are fictitious.  Response: In the short report of this report, the core breakthrough in the previous report was still not explained, that is, the business data of Gaotu Classroom was not covered.Gaotu Classroom is one of the core brands with whom to learn. In 2019, the company’s K12 business accounted for 69% of Gaotu Classroom’s revenue.34%.  The report only provided an unexamined recorded text, without providing any real and effective evidence, trying to cause audiovisual.The report regards Beijing Youlian Global ‘s diversified affiliated companies as the company ‘s affiliates, but in fact, as a 30% shareholder of Beijing Youlian Global, the company has no affiliated relationship with other companies.The transaction has been disclosed in the annual report.  Read more: “With whom to learn to respond to the” Xin rafters short-selling report “: Gaotu classroom accounts for nearly 70% of income” included: newspaper 39.56 US dollars / share, an increase of 1.51% for the fourth time: Institution: Scorpio Venture Capital Time: May 6 Accusations: who to learn to buy a building at an ultra-low price in Zhengzhou, free courses for employees, false teachers ‘salaries, student data slips, course quality, etc.  Response: None.  Leading: reported 38.99 US dollars / share, down 1.74% Fifth: Institution: Citron Research Time: May 7th: Business cost is problematic, and high operational efficiency is related to related party transactions.  Response: The WeChat public account embedded in the short report is a partner with whom to learn to market and promote. We also have his own market launch and promotion in WeChat. The public account publishes and operates educational content.The majority of students and publicize the company’s business.What we want to highlight is that WeChat has more than 1 billion daily active users, and WeChat is always one of the most effective promotion channels.  With whom to learn all related party transactions have been disclosed in the financial report.Who should learn the regular price lesson from the financial report?即2019年第四季度的报名大约人次中,有相当大一部分会在2020年上半年进行学习,加上2020第一季度的正价课付费报名人次,跟谁学春季正价课在读已接近 120Ten thousand people.  Leading: reported 40.$ 87 / share, an increase of 4.82% Sixth time: Institution: Muddy Water Time: May 18 v .: With whom at least 80% of the users are robots; the degree of coincidence between the student and teacher IP is 28.2%; CEO Chen Xiangdong’s equity pledge; affiliated brand transactions.  Response: The question of “robot” is caused by the switching between large and small classes, and the coincidence of the IP of students and teachers is 0.78%.Whether there is a transaction between the affiliated brands will be reorganized in the consolidated statement.The issue of CEO Chen Xiangdong ‘s equity pledge has been communicated to the investor by telephone.  Read more: “With whom to learn to respond to muddy water and short: teacher and student IP coincidence 0.78% “conservative: report 32.84 USD / share, down 7.31% sauna, night net Chen Weicheng editor Sun Yong proofreading Wei Zhuo