First, muddy water released an anonymous report.
Muddy Waters recently released a report on Twitter, accusing Ruixun of financial fraud. Muddy water said that the report was sent anonymously, not a study of the market by its own company. If this report is true, then Luckin Coffee's share price will definitely fall, especially suitable for shorting. After the release of the anonymous report, it did lead to a sharp drop in the share price of Rising Coffee. On that day, the US market also fell. For example, the S&P 500 index fell by 65,438 points +0.77%.
Second, the authenticity of the report.
This report provides key evidence.
In the third and fourth quarters of last year, the number of daily commodities in each Credit Suisse coffee shop increased by at least 69% in the third quarter and by at least 88% in the fourth quarter. After the end of the third quarter, anonymous people tracked the data of 98/kloc-0 coffee shops offline in the fourth quarter, and then the average daily sales of each store was about 263 pieces. However, Rising Coffee's financial report showed that the daily sales of a single product was 444 pieces, and it is expected to be 483 to 506 pieces in the fourth quarter in the third quarter. But it turns out that it didn't.
Third, why is the anonymous report sent to muddy water?
Muddy Water Company is a famous short-selling company. After this report comes out, it is conceivable that the share price of Credit Suisse will definitely plummet, but if this report is not produced by Muddy Waters, the effect may not be so great. Because Muddy Waters exposed four companies and used real research reports, the reputations of these four China companies were suspended or delisted by the exchange because of the conclusion that Muddy Waters' share price plummeted. If it is sent by a nobody, it will be questioned, but the market will be very convincing after research by well-known companies. It is conceivable that many people will benefit from this stock price crash.