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Technology Services

Leshi Internet Information & Technology Corp. Beijing

  • 2.83 CNY
  • +0.01
  • +0.35%
  • China
    Dec 14, 2018
  • Ticker
    SHE(300104)
  • Prev. close
    2.82
  • Market cap (CNY)
    11,250.20M
  • Market cap (USD)
    1,630.87M
  • Shares
    3,989.44M

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.

Business Summary

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

Financial Highlights

Dec 2017 CNYUSD
Revenue7,076.31M1,047.06M
Gross Profit-2,935.33M-434.33M
Operating income-12,062.33M-1,784.83M
Income before tax-17,597.67M-2,603.89M
Net income-13,878.04M-2,053.50M
EBITDA-8,654.77M-1,280.62M
Diluted EPS-3.48-0.51
Dividends Per Share----
Total Assets17,897.64M2,748.41M
Total liabilities18,542.53M2,847.44M
Total equity662.98M101.81M
Operating cash flow-2,601.21M-384.89M
Currency in CNYCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,335.32M 6,762.08M 12,922.04M 21,834.30M 7,076.31M
Gross Profit 666.63M 933.95M 1,810.03M 3,588.01M -2,935.33M
Operating income 354.36M 216.33M 339.65M 321.64M -12,062.33M
Income before tax 246.49M 72.97M 74.12M -364.53M -17,597.67M
Net income 255.00M 364.02M 573.02M 554.75M -13,878.04M
EBITDA 980.37M 1,295.97M 1,980.29M 2,603.03M -8,654.77M
Diluted EPS 0.07 0.09 0.15 0.14 -3.48
Dividends Per Share 0.00 0.01 0.01 0.01 --
Total Assets 5,020.32M 8,851.02M 16,982.15M 32,233.82M 17,897.64M
Total liabilities 2,940.79M 5,507.54M 13,167.02M 21,730.47M 18,542.53M
Total equity 1,599.54M 3,166.82M 3,927.65M 10,225.56M 662.98M
Operating cash flow 178.86M 234.18M 875.70M -1,066.97M -2,601.21M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 379.87M 1,097.43M 2,055.97M 3,286.53M 1,047.06M
Gross Profit 108.43M 151.57M 287.98M 540.07M -434.33M
Operating income 57.64M 35.10M 54.04M 48.41M -1,784.83M
Income before tax 40.09M 11.84M 11.79M -54.87M -2,603.89M
Net income 41.48M 59.07M 91.17M 83.50M -2,053.50M
EBITDA 159.47M 210.32M 315.07M 391.81M -1,280.62M
Diluted EPS 0.01 0.01 0.02 0.02 -0.51
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 829.27M 1,426.66M 2,615.21M 4,638.29M 2,748.41M
Total liabilities 485.76M 887.74M 2,027.69M 3,126.91M 2,847.44M
Total equity 264.21M 510.44M 604.85M 1,471.41M 101.81M
Operating cash flow 29.09M 38.00M 139.32M -160.60M -384.89M

Valuation Measures

Dec 2017
PER--
ROA-55.36%
ROE-254.91%
Operating margin-170.46%
Profit margin-196.11%

Key executives

  • Chairman & General Manager: Shu Qing Liu
  • Chief Financial Officer: Wei Zhang
  • Senior Vice President: Zhi Wei Zhang
  • Vice Chairman & Deputy General Manager: Hong Liu
  • Secretary: Kai Zhao

Shareholders

  • Tianjin Jiarui Huixin Enterprise Management Co., Ltd. (11.1%)
  • JIA YUE TING (7.5%)
  • JIA MIN YUE (2.2%)
  • China Post & Capital Fund Management Co., Ltd. (2.0%)
  • Caitong Fund Management Co., Ltd. (1.4%)
  • Harvest Fund Management Co., Ltd. (1.3%)
  • XU SHANG LONG (0.8%)
  • ZHANG JIAN PING /LESHI/ (0.8%)
  • CAO YONG (0.8%)
  • Shenzhen Capital Group Co., Ltd. (0.6%)

Contact Details

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

Related Companies

  • Beijing Leshi Streaming Media Advertising Co. Ltd.
  • Beijing Wangjiu Electronic Commerce Co. Ltd.
  • LeTV (Tianjin) Information Technology Co., Ltd.
  • Le Vision Pictures (Beijing) Co., Ltd.
  • Leshi Internet Information & Technology Corp. Beijing Esop
  • Dichotomy Creative Group
  • Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd.
  • Leshi Internet Cultural Development (Beijing) Co. Ltd.
  • Dongyang Huaer Entertainment Media Co. Ltd.

Competitors

  • Skyworth Digital Holdings Limited
Last Updated on 14 Dec, 2018

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