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Technology Services

Leshi Internet Information & Technology Corp. Beijing

  • 0.00 CNY
  • 0.00
  • 0.00%
  • China
    Jun 6, 2019
  • Ticker
    SHE(300104)
  • Prev. close
    --
  • Market cap (CNY)
    6,742.15M
  • Market cap (USD)
    974.80M
  • 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 2018 CNYUSD
Revenue1,578.69M238.58M
Gross Profit-804.36M-121.56M
Operating income-4,173.48M-630.72M
Income before tax-5,799.25M-876.41M
Net income-4,095.61M-618.95M
EBITDA-3,227.92M-487.82M
Diluted EPS-1.02-0.15
Dividends Per Share----
Total Assets8,450.00M1,230.75M
Total liabilities11,803.96M1,719.26M
Total equity-3,026.10M-440.75M
Operating cash flow-972.51M-146.97M
Currency in CNYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,762.08M 12,922.04M 21,834.30M 7,076.31M 1,578.69M
Gross Profit 933.95M 1,810.03M 3,588.01M -2,935.33M -804.36M
Operating income 216.33M 339.65M 321.64M -12,062.33M -4,173.48M
Income before tax 72.97M 74.12M -364.53M -17,597.67M -5,799.25M
Net income 364.02M 573.02M 554.75M -13,878.04M -4,095.61M
EBITDA 1,295.97M 1,980.29M 2,603.03M -8,654.77M -3,227.92M
Diluted EPS 0.09 0.15 0.14 -3.48 -1.02
Dividends Per Share 0.01 0.01 0.01 -- --
Total Assets 8,851.02M 16,982.15M 32,233.82M 17,897.64M 8,450.00M
Total liabilities 5,507.54M 13,167.02M 21,730.47M 18,542.53M 11,803.96M
Total equity 3,166.82M 3,927.65M 10,225.56M 662.98M -3,026.10M
Operating cash flow 234.18M 875.70M -1,066.97M -2,601.21M -972.51M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,097.43M 2,055.97M 3,286.53M 1,047.06M 238.58M
Gross Profit 151.57M 287.98M 540.07M -434.33M -121.56M
Operating income 35.10M 54.04M 48.41M -1,784.83M -630.72M
Income before tax 11.84M 11.79M -54.87M -2,603.89M -876.41M
Net income 59.07M 91.17M 83.50M -2,053.50M -618.95M
EBITDA 210.32M 315.07M 391.81M -1,280.62M -487.82M
Diluted EPS 0.01 0.02 0.02 -0.51 -0.15
Dividends Per Share 0.00 0.00 0.00 -- --
Total Assets 1,426.66M 2,615.21M 4,638.29M 2,748.41M 1,230.75M
Total liabilities 887.74M 2,027.69M 3,126.91M 2,847.44M 1,719.26M
Total equity 510.44M 604.85M 1,471.41M 101.81M -440.75M
Operating cash flow 38.00M 139.32M -160.60M -384.89M -146.97M

Valuation Measures

Dec 2018
PER--
ROA-31.08%
ROE--
Operating margin-264.36%
Profit margin-259.43%

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 (5.0%)
  • 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 6 Jun, 2019

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