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  "documentTitle": "EHang Holdings, Ltd. (EH)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-02-16 00:00:00",
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  "notes": "Contains excerpts from legal contracts and SEC filings to support allegations of sham revenue.",
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      "text": "We believe EH is using these sham contracts with Kunxiang as the basis fabricated sales that make up most of its total revenue.",
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      "text": "2020 Sales Plan excerpt",
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      "text": "uncollected revenue: RMB137.3 million",
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      "text": "In September 2019, just ~3 months prior to the IPO, EH and Kunxiang signed a last minute '2020 sales plan' under which Kunxiang was supposed to purchase 105 AAVs from EH in 2020.",
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      "text": "It is worth noting that these sales contracts are EH's only disclosed sales contracts for to date. Although these contracts are worth RMB480 million (~$69 million) in revenue alone, EH has only reported RMB247.3 million (~$19.7 million), or 54%, has gone uncollected.",
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      "text": "In accordance with Item 601(b)(10) of Regulation S-K, certain information has been omitted in this exhibit 10.15 because such information is both (i) not material and (ii) would be competitively harmful if publicly disclosed. — SEC Filing Excerpt",
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      "text": "Footnotes 16 and 17 referencing SEC filings",
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