美国做空机构灰熊发布商汤集团报告:人为地夸大了收入(中文版).pdfVIP

美国做空机构灰熊发布商汤集团报告:人为地夸大了收入(中文版).pdf

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IMPORTANT LEGAL DISCLAIMER 该中文报告这是为了方便读者而提供的翻译,可能包含不准确之 处。请参阅原始英文报告以获取原始报告。请仔细审查我们的免 责声明。我们是有偏见的投资者,我们的观点是基于我们的研究。 不要只相信我们,读者请独立核实一切。 THIS REPORT AND ALL STATEMENTS CONTAINED HEREIN ARE THE OPINIONS OF GRIZZLY RESEARCH LLC AND ARE NOT STATEMENTS OF FACT. Reports are based on generally available information, field research, inferences and deductions through Grizzly Research LLC’s due diligence and analytical process. Our opinions are held in good faith, and we have based them upon publicly available facts and evidence collected and analyzed including our understanding of representations made by the management of the companies we analyze, all of which we set out in our research reports to support our opinions, all of which we set out herein. HOWEVER, THEY REMAIN OUR OPINIONS AND BELIEFS ONLY. We conducted research and analysis based on public information in a manner than any person could have done if they had been interested in doing so. You can publicly access any piece of evidence cited in this report or that we relied on to write this report. Grizzly Research LLC makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. We are entitled to our opinions and to the right to express such opinions in a public forum. We believe that the publication of our opinions and the underlying facts about the public companies we research is in the public interest, and that publication is justified due to the fact that public investors and the market are connected in a common interest in the true value and share price of the public companies we research. All expressions of opinion are subject to change without notice, Grizzly Research LLC does not undertake a duty to update or supplement this report or any of the information contained herein. Rec

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