In the first half of 2018, the company's terminal revenue, advertising business income, membership and distribution business income decreased significantly compared with the same period of the previous year. Except for normal operating costs (such as CDN expenses, labor costs, etc.), the company's reporting period Other costs have not fallen.
At present, the management of the company is trying hard to solve the operational difficulties faced, and to restore the company's cash flow and supply and marketing system by improving business operations; actively negotiate loan extensions with relevant financial institutions, and renew loans; seek third-party capital increase to solve the funds currently faced by subsidiaries. Pressure; Coordinating related parties to repay the arrears of listed companies by cash or assets, etc., gradually forming effective solutions.
It is estimated that the company's net assets attributable to shareholders of listed companies from January to June 2018 will be negative. If the company's net assets for the whole year of 2018 are negative after auditing, the company has the risk of stocks being suspended.