According to statistics compiled by the “Securities Daily†reporter, it was known that in the first half of 2017, 2,649 listed companies received government subsidies, of which Guotai Junan received a government grant of 704 million yuan, which was the highest A share for government grants in the first half of 2017. Listed company.
And LeTV, which is the opposite of Cathay Pacific, is a penny that was not obtained from the pocket of the government. According to the LeTV network report, the company's government subsidies for the first half of 2017 were zero, and in the first half of 2016, the company also received a government grant of 17.902 million yuan.
According to the “Securities Daily†reporter’s review of the company’s financial report, it was discovered that in the first half of 2016, the company had been able to support the 2016 technological innovation capacity building in Zhongguancun, the Beijing Film and TV Publishing Creation Fund’s 2016 support for film and television projects, the Tianjin Eco-City’s flagship international cooperation projects, and tax incentives. Projects such as the Film and Television Industry Development Fund received government grants.
However, in the first half of 2017, none of the nine subsidy projects listed by the company in the interim report received government subsidies in the first half of this year.
It is worth noting that LeTV's period of zero grants from the government is the period when LeTV’s net profit attributable to owners of the parent company is the first time it has suffered a loss.
According to the report, LeTV's operating income in the first half of 2017 was approximately RMB 5.579 billion, a year-on-year decrease of 44.56%; the net profit attributable to owners of the parent company was approximately RMB 637 million.
As for the reason for the sudden loss of company performance, LeTV.com stated that: “It was due to the financial status of the related parties of the LeTV system, coupled with a certain impact on the company's brand, followed by fluctuations in customer stickiness, the company’s advertising revenue, terminal income, and membership. All of the revenues have fallen significantly."
In addition, LeTV.com also stated that in order to maintain its single-play strategy for premium content, the company did not conduct any external copyright distribution business in the second quarter, resulting in a significant decline in copyright distribution revenue over the same period. In addition, the large scale of impairment loss of LeTV.com assets also had a certain impact on the company's performance. It is reported that LeTV’s total provision for impairment of assets in the first half of the year is approximately 240 million yuan.
In fact, the current LeTV is in a precarious period. Jia Yueting, the company's largest shareholder, has long been stranded overseas. It has not yet been returned, and the company has heard about the dispute over the controlling stakes.
According to reports, Sun Hongbin recently publicly stated at Sunac's performance conference that "New LeTV includes LeTV, LeTV New, LeTV and LeTV. I believe this new system must be valuable in the future. The new LeTV business model. Completely different, do not do the platform to do content, no one BAT, BAT must come to grab. The business model is a little change is to make money."
However, it is still necessary to observe when LeTV, which has already suffered huge losses and has not received government subsidies, can get out of the shadow of losses.
Source Factory Laptop Stand, Desktop Lapotp Stand in China, Desktop Holder Cooling Stand, Laptop Stand Folding Desktop, Desktop Adjustable Laptop Stand. Shenzhen Chengrong Technology Co.ltd is a high-quality enterprise specializing in metal stamping and CNC production for 12 years. The company mainly aims at the R&D, production and sales of Notebook Laptop Stands and Mobile Phone Stands. From the mold design and processing to machining and product surface oxidation, spraying treatment etc ,integration can fully meet the various processing needs of customers. Have a complete and scientific quality management system, strength and product quality are recognized and trusted by the industry, to meet changing economic and social needs .
Nulaxy Desktop Laptop Stand,Best Desktop Laptop Stand,Desktop Laptop Stand Adjustable
Shenzhen ChengRong Technology Co.,Ltd. , https://www.laptopstandsupplier.com