Leshi Internet Information & Technology Corp. Beijing


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Mar 16, 2018
Prev close: 5.93
Mar 16, 2018
Market cap:
Market cap(USD):
Shares: 3,989.44M

Currency in CNY

Company profile

Market(Ticker): SHE(300104)
Technology Services
Information Technology Services
Full time employees: 5,389

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.

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 2016

  • Local currency
  • US Dollar
Revenue 21,834.30M
Gross profit 3,588.01M
Operating income 321.64M
Income before tax -364.53M
Net income 554.75M
EBITDA 2,603.03M
Diluted EPS 0.14
Dividends per share 0.01
Total assets 32,233.82M
Total liabilities 21,730.47M
Total equity 10,225.56M
Operating cash flow -1,066.97M

Currency in CNY

Revenue 3,286.53M
Gross profit 540.07M
Operating income 48.41M
Income before tax -54.87M
Net income 83.50M
EBITDA 391.81M
Diluted EPS 0.02
Dividends per share 0.00
Total assets 4,638.29M
Total liabilities 3,126.91M
Total equity 1,471.41M
Operating cash flow -160.60M

Currency in USD

Valuation measures

Dec 2016

PER 123.44
ROA 2.25%
ROE 7.83%
Operating margin 1.47%
Profit margin 2.54%

Key executive

  • 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

Share holders

  • 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%)
  • Harvest Fund Management Co., Ltd.(1.5%)
  • CAO YONG(1.5%)
  • JIA YUE TING(0.8%)


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

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