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Technology Services

Leshi Internet Information & Technology Corp. Beijing

  • 4.68 CNY
  • +0.03
  • +0.65%
  • China
    Apr 18, 2018
  • Ticker
    SHE(300104)
  • Prev. close
    4.65
  • Market cap (CNY)
    18,550.89M
  • Market cap (USD)
    2,951.43M
  • 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 offers 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 2016 CNYUSD
Revenue21,834.30M3,286.53M
Gross Profit3,588.01M540.07M
Operating income321.64M48.41M
Income before tax-364.53M-54.87M
Net income554.75M83.50M
EBITDA2,603.03M391.81M
Diluted EPS0.140.02
Dividends Per Share0.010.00
Total Assets32,233.82M4,638.29M
Total liabilities21,730.47M3,126.91M
Total equity10,225.56M1,471.41M
Operating cash flow-1,066.97M-160.60M
Currency in CNYCurrency in USD

Historical Data

 Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016
Revenue 1,122.17M 2,335.32M 6,762.08M 12,922.04M 21,834.30M
Gross Profit 430.46M 666.63M 933.95M 1,810.03M 3,588.01M
Operating income 239.65M 354.36M 216.33M 339.65M 321.64M
Income before tax 228.01M 246.49M 72.97M 74.12M -364.53M
Net income 194.19M 255.00M 364.02M 573.02M 554.75M
EBITDA 672.85M 980.37M 1,295.97M 1,980.29M 2,603.03M
Diluted EPS 0.05 0.07 0.09 0.15 0.14
Dividends Per Share 0.00 0.00 0.01 0.01 0.01
Total Assets 2,901.14M 5,020.32M 8,851.02M 16,982.15M 32,233.82M
Total liabilities 1,619.86M 2,940.79M 5,507.54M 13,167.02M 21,730.47M
Total equity 1,244.59M 1,599.54M 3,166.82M 3,927.65M 10,225.56M
Operating cash flow 107.69M 178.86M 234.18M 875.70M -1,066.97M
 Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016
Revenue 177.84M 379.87M 1,097.43M 2,055.97M 3,286.53M
Gross Profit 68.22M 108.43M 151.57M 287.98M 540.07M
Operating income 37.98M 57.64M 35.10M 54.04M 48.41M
Income before tax 36.13M 40.09M 11.84M 11.79M -54.87M
Net income 30.77M 41.48M 59.07M 91.17M 83.50M
EBITDA 106.63M 159.47M 210.32M 315.07M 391.81M
Diluted EPS 0.00 0.01 0.01 0.02 0.02
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 465.65M 829.27M 1,426.66M 2,615.21M 4,638.29M
Total liabilities 259.99M 485.76M 887.74M 2,027.69M 3,126.91M
Total equity 199.76M 264.21M 510.44M 604.85M 1,471.41M
Operating cash flow 17.06M 29.09M 38.00M 139.32M -160.60M

Valuation Measures

Dec 2016
PER123.44
ROA2.25%
ROE7.83%
Operating margin1.47%
Profit margin2.54%

Key executives

  • General Manager & Director: Jun Liang
  • Chief Financial Officer: Wei Zhang
  • Senior Vice President: Zhi Wei Zhang
  • Vice Chairman & Deputy General Manager: Hong Liu
  • Secretary & Investor Relations Contact: Kai Zhao

Shareholders

  • Tianjin Jiarui Huixin Enterprise Management Co., Ltd. (12.2%)
  • JIA YUE MIN (3.1%)
  • Caitong Fund Management Co., Ltd. (2.8%)
  • China Post & Capital Fund Management Co., Ltd. (2.3%)
  • China Investment Corp. (Investment Management) (2.0%)
  • ZHANG JIAN PING /LESHI/ (1.7%)
  • Harvest Fund Management Co., Ltd. (1.5%)
  • CAO YONG (1.5%)
  • LIU HONG /LESHI INTERNET/ (1.1%)
  • JIA YUE TING (0.8%)

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 18 Apr, 2018

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