LeTV net on the evening of 19 announcement that as of September 30, 2017, attributable to shareholders of listed companies net profit of -16.52 billion yuan, representing a decrease of about 435.02% over the same period last year, the company is expected to accumulate in 2017 shareholders of listed companies Net profit is loss.
According to the announcement, LeTV said the company's shares were suspended from the morning of April 17, 2017 and the suspension of trading disclosed the full text of the first quarterly report for 2017, semi-annual report for the year 2017, As of September 30, 2017, net profit attributable to shareholders of the listed company was -16.52 billion yuan, representing a decrease of approximately 435.02% as compared with the same period of last year. It is estimated that the Company will accrue to the total of 2017 Net profit of shareholders of listed company is loss.
LeTV said although the board of directors and management have tried their best to solve the company's current business problems and difficulties, try their best to reduce the loss of the company's performance, but due to the current huge amount of related receivables, major shareholder breach of borrowing and other issues left over from history Impact, business into trouble.Please investors pay attention to the following risks:
1, the actual controller of the company may be subject to change risk; 2, part of the related party receivables there is a risk of recovery; 3, Mr. Jia Yunting, Ms. Jia Yuefang failed to fulfill commitments of the loan led to the company cash flow nervous; 4, the company's existing debt Due to the company's cash flow due to further tension risks; 5, the company sharp decline in 2017 performance risk; 6, some significant business performance of the company there is a risk of uncertainty; 7, the company's foreign investment risk; 8, Of the risk; 9, the equity pledge of subsidiaries and external security risk.
LeTV Group's board of directors has formulated the risk response measures as follows: 1. Mr. Jia Yueting is required to be responsible for the debt incurred by the listed company; 2. Broaden the financing channels, maintain the cash flow of the Company and reactivate the business. The non-core business assets and serious Loss assets to be disposed of to return the funds, focusing on the company's main business operations; 3, to actively restore the company's main business.
At the same time, LeTV also announced that it clarified the articles on Ganwei's statement that it will be responsible for Jia Youting's debt in the country and other articles. Among the remaining listed companies, Jiayuenting and LeTV Holdings (Beijing) Co., Ltd., together with other parties, The total amount of guarantees provided by listed companies and subsidiaries was RMB1,417 million, and the listed companies continued to push forward the debt problems with the non-listed system so as to solve the capital problem currently faced by the listed companies and resume the normal operation of the listed companies. The listed companies will continue their efforts to promote Mr. Jia Yueting and the non-listed system of related parties substantial solution to the debt problem.