| 发布于: | 雪球 | 转发：29 | 回复：83 | 喜欢：16 |
赞一个，写的很好。
浑水文章的一个关键点——“PRC GAAP requires that YDT’s financial statements book revenue gross of payments to NQ and other customers. The Business Tax (sales tax) of $97,000 YDT paid was a fraction of the more than $4.0 million it would have paid if it were generating the volumes NQ claims. The lack of Business Tax payments confirms that YDT’s revenue is shown in its SAIC file on a gross basis. Under the PRC tax regime, YDT pays Business Tax on the gross amount of revenue it collects from carriers. If NQ tries to argue that YDT is just your upstanding tax cheat, the argument would not hold water. The parties that purportedly pay YDT – China Mobile, China Telecom, and China Unicom – would require Business Tax invoices in order to avoid being taxed on monies paid out. For YDT to generate a Business Tax invoice, it would need to pay the tax to the Tax Bureau, which would cause it to show up in YDT’s financials” 网秦怎么解释YDT的财务报表的收入与网秦的财报差距如此之大？不要用YDT的Revenue不是Gross Basis来搪塞，也不要用避税来辩解，浑水上面的报告早就把这样的借口给堵住了。
差不多看完了浑水81页做空网秦的报告，其详细程度令人吃惊。其中关于易达通虚增收入和收购的部分最有料，至于市占率和后门监控嫌疑的话题并不新鲜。虽然报告并非完美无缺但打击力足够强。因为网秦的神秘背景，这事的结局和会在多大程度波及其它中概股值得关注。
德银要赎回也没钱给啊，3500万刀打出去了，还有钱吗？
干货学到了，大头博弈，小散们只能听天由命了。
赞一个
假设网秦没有造假的话，即便是护盘的资金，也不可能当天就拉升，机构哪有那么傻。如果你是看多抄底的机构，你会周五就把股票打上去？一定是随着公司的澄清，季报，回购等动作。当然这种操作的前提，网秦确实胜算在握。一天的交易说明不了什么，各种可能性都存在。继续看戏吧，网秦也许造假，浑水也不是什么好鸟。
写得好.分析很到位.佩服！！！！