At 10 o'clock on the morning of June 22, LeTV held an annual general meeting of shareholders at Levision Building in Beijing to review and include the 2017 annual report, and applied for 18 general credit lines from financial institutions such as banks. The subsequent announcement disclosed at night showed LeTV. 18 proposals were voted at the general meeting of shareholders.
In response to a question from a reporter from the 21st Century Business Herald, Liu Shuqing, chairman of LeTV, stated that the future development of the business of Lelux to New Electronic Technology (Tianjin) Co., Ltd. (hereinafter referred to as "Leverage to New," the original "LesVision to New") It will remain an important foundation for the entire listed company system, and believes that other business sectors of listed companies are also facing heavy historical debt and financial difficulties, and have achieved partial business innovation.
In a subsequent interview on whether the company might be delisted, LeTV replied that the company has been working hard on debt optimization, cost control, etc., but whether or not the delisting is not a matter that the company can unilaterally judge.
On the 22nd, LeTV.com's stock price rose 3.02% to close at 3.41 yuan per share. The latest market value came to 13.6 billion yuan.
Dangerous alarm is far from being lifted
At the shareholders meeting of the LeTV Group held on June 22, only 22 shareholders or shareholder representatives attended the meeting, and most of them were media members who participated as shareholders. In this total shareholders meeting, there was only 45 minutes. , Leave the time for shareholders to ask questions and exchange only less than 10 minutes, and then announced early to end.
Since 2017, LeTV.com's net profit attributable to shareholders of the parent company was a huge loss of 13.878 billion yuan, becoming the “loss-making king” of the two A-share companies. At the shareholders’ meeting, the 21st Century Business Herald reporter asked whether the operating conditions of LeTV.com had reversed in the first half of the year. , And the development plan in the second half of the year.
Liu Shuqing did not directly respond to the previous part, but said that after the disclosure of semi-annual reports, it was natural for the company to see clearly.
However, Liu Shuqing still confessed the current plight of LeTV. She stated that all employees, including management, still understand that the company’s funding problems have not been resolved and are facing extreme shortages of funds. Existing business has limitations and stagnation.
As for the latter part of the problem, Liu Shuqing stated that with the future development of LFC's new business, it will promote the achievement of LeTV's listing system, which is in line with the company's sustainable development direction and long-term interests.
'Especially in the current situation that the company as a whole has not yet emerged from the financial difficulties, the company management has made every effort to restore the super TV's service capabilities and content advantages to its users. We hope that through the company's continuous efforts, the outside world will be able to feel the good of the company step by step. The change. ' Liu Shuqing said.
However, a person close to LeTV.com revealed that whether it is LeTV or Lemax, the operating conditions in the first half of 2018 did not change fundamentally, and the probability of insolvency from the distance is also increasing. As of the first quarter of this year At the end of the year, the owner equity of the parent company within the scope of the LeTV.com consolidated statement totaled only 004 million yuan.
In response, LeTV.com responded to the question raised by 21st Century Business Herald reporter whether there was a possibility of bankruptcy and reorganization, and stated that if the listed company continues to lose money in 2018, there will be a possibility that the net assets of the parent will be negative.
'In the face of such serious situation, the company has been actively looking for and introducing strategic investors. For example, the previous paragraph will be able to ease capital shortages to a certain extent. In the future, the company will further expand its financing channels and obtain company business development. The capital and business resources needed to solve the company's current urgent funding needs. ' LeTV replied 21st Century Business Herald reporter said.
Le Rong to create a new furnace carbon
In the process of the recovery and development of LeTV.com's business in the future, Lemax has been given a key core position.
At the shareholders' meeting on June 22, Liu Shuqing told 21st Century Business Herald that based on the open platform strategy of Super TV, the company actively introduced Tencent video, Mango TV and other third-party premium content, which greatly expanded the content of Super TV. Richness. ' Liu Shuqing said.
At the Second Extraordinary General Meeting of 2018 held two weeks ago, Liu Shuqing said that with Tencent, JD.com and others implementing a new capital increase to the company, it will not only ease the tension of the new funds and contribute to the tension, but also help Recover the company and enjoy the new brand, credit.
It is worth noting that, due to the problems involving loan guarantees, LeTV has repeatedly mentioned the risk of losing the new control rights of Leflux.
The above-mentioned people close to LeTV.com stated that the development path of Lemax to the new future may refer to Lechuang Entertainment (ie, the original LeTV), and it has evolved independently of the listed company system. However, he also believes that the emergence of this situation will affect the current situation. For LeTV, it will be a huge blow.
At the same time, Liu Shuqing stated that at the fund level, the company is still actively negotiating loan extensions with relevant financial institutions, focusing on reactivating the company's cash flow and supply and sales system by resuming the development of various key businesses.
According to Zhang Qi, Chief Financial Officer of LeTV, LeTV has some short-term debts that are about to expire. Currently, the company actively communicates with financial institutions and solves certain problems. However, there are still some debts that are about to expire in July and August. Is currently in progress.