Asia300

Leshi Internet Information & Technology Corp. Beijing

China

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Mar 24, 2017
Prev close: 31.53
Mar 24, 2017
Market cap:
Market cap(USD):
62,482.4M
9,070.91M
Shares: 1,981.68M

Currency in CNY

Company profile

Market(Ticker): SHE(300104)
Sector:
Industry:
Technology Services
Information Technology Services
Full time employees: 4,885

Business summary

Leshi Internet Information & Technology Corp. Beijing provides online video broadcasting services. It offers video programming services through the Internet, televisions, mobile phones, and other mobile end users. The company was founded in 2004 and is headquartered in Beijing, China.

Company background

Leshi Internet Information & Technology, also known as LeTV, provides online video services. With 350 million visitors per month and more than 250 million views per day, LeTV is one of China's most popular video sites, alongside Youku and Tudou.

Founded in 2004, LeTV streams about 100,000 TV episodes and 5,000 movies. The site offers some sports, art, music and animated content for free; for a monthly fee of 40 yuan (about $6.25), users gain access to the latest movies and original dramas.

Video streaming services have developed independently in China, in part because access to YouTube is restricted there. LeTV's revenue mainly comes from membership fees and advertising, though sales of smart TVs, released in July 2013, have been growing rapidly. The company last year exceeded its sales goal of 1.5 million units.

In May 2015, LeTV released three smartphones under its own brand. The base model, the Le 1, is priced at 1,499 yuan, but subscribers with annual memberships to the video site get a 300 yuan discount. The company has teamed up with well-known Chinese movie directors to produce programs exclusively for its smartphone customers.

While video streaming is gaining popularity in China, rights fees for popular TV programs and films are rising. LeTV is diversifying its business to shore up earnings and attract more members.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 12,922.04M
Gross profit 1,810.03M
Operating income 339.65M
Income before tax 74.12M
Net income 573.02M
EBITDA 1,980.29M
Diluted EPS 0.3
Dividends per share 0.03
Total assets 16,982.15M
Total liabilities 13,167.02M
Total equity 3,927.65M
Operating cash flow 875.70M

Currency in CNY

Revenue 2,055.97M
Gross profit 287.98M
Operating income 54.04M
Income before tax 11.79M
Net income 91.17M
EBITDA 315.07M
Diluted EPS 0.04
Dividends per share 0.00
Total assets 2,615.21M
Total liabilities 2,027.69M
Total equity 604.85M
Operating cash flow 139.32M

Currency in USD

Valuation measures

Dec 2015

PER 189.67
ROA 4.43%
ROE 16.15%
Operating margin 2.62%
Profit margin 4.43%

Key executive

  • Chairman & General Manager: Yue Ting Jia
  • Chief Financial & Accounting Officer: Li Jie Yang
  • Director & Deputy General Manager: Liu Hong
  • Secretary, Security & Investor Relations Contact: Kai Zhao

Share holders

  • Tianjin Jiarui Huixin Enterprise Management Co., Ltd.(13.5%)
  • SZ Xingen Next Gen Subversive Tech Invt Fund Mgmt Co. Ltd.(5.5%)
  • JIA YUE MIN(3.4%)
  • China Investment Corp. (Investment Management)(2.2%)
  • CAO YONG(1.6%)
  • WU MING XIAO(1.1%)
  • LIAO JUN(0.9%)
  • Leshi Internet Information & Technology Corp. Beijing Esop(0.8%)
  • China Resources SZITIC Trust Co., Ltd.(0.8%)
  • China Post & Capital Fund Management Co., Ltd.(0.8%)

Address

  • Website: http://www.le.com
  • Address: 16/F, Leshi Building, No. 105, Yao Jianyuan Road, Beijing, 100025, China
  • Phone: +86.10.51665282

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