November 15, China Post Fund Announcement said that since November 14 for some of the company's funds held by the music Watch valuation once again adjusted the valuation of the price adjustment from 7.82 yuan to 3.92 yuan / share. The distance Last post business down music video stock price less than 20 days, the last post reduction price of 7.83 yuan / share.
Immediately after China Post Fund, E Fund and Harvest Fund also successively lowered the valuation of LeTV shares.
E Fund Fund Announcement said that as of November 14, 2017, E Fund Management Co., Ltd. held its 'LeTV (code: 300104)' of its securities investment funds (other than the ETF Securities Investment Fund) in accordance with 3.91 yuan Valuation.
Harvest Fund Management Co., Ltd. in consultation with the fund custodian, since November 14, 2017 on its securities investment funds held by the 'Music Watch' stock revaluation, according to its October 27, 2017 revaluation of 7.82 Yuan down 50% of the price, that is, 3.91 yuan valuation.
Currently, the price of LeTV shares suspended at 15.33 yuan / share, the total market capitalization of about 61.1 billion yuan, according to the latest adjusted valuation of fund companies, LeTV market value of about 150 billion yuan, and before this, LeTV market value exceeded 160 billion yuan
July 8, Harvest, China Post, E Fund, a number of fund companies have lowered the music valuation, most adjusted according to the three limit music valuation.
On the 27th of October, the three quarterly reports disclosed by LeTV revealed that the company's revenue in the first three quarters was 6.095 billion yuan, down 64% over the same period of last year; the loss was 1.652 billion yuan, of which the revenue in the third quarter was 554 million yuan, down 92% from the same period of the previous year and the loss was 10.15 yuan It is estimated that the net profit attributable to shareholders of the Company for the full year of 2017 is a loss.
Three quarterly huge loss, once again read the fund company to impose a new round of its valuation down, plus Harvest Fund and China Post Fund lowered the valuation of the music network more than 20 fund companies .From the downward adjustment, the fund companies generally down To 7.82 yuan, that is, based on the suspension before the closing price of 3 limit-down on the basis of another three daily limit.Among them, Hua An downward adjustment of the largest valuation of 7.34 yuan. Lion Fund valuation of the most conservative, adjusted to 9.05 yuan.