On the evening of August 6, Pluto announced that it had recently received the Beijing Third Intermediate People's Court against LeTV Mobile Intelligent Information Technology (Beijing) Co., Ltd. (hereinafter referred to as LeTV Intelligent), LeTV Holdings (Beijing) Co., Ltd. (hereinafter referred to as LeTV Holdings) first-instance judgment in civil lawsuit, the judgment requires LeTV to pay Pluto arrears of 214 million yuan and corresponding interest. When the lawsuit was filed, Pluton only applied for repayment of more than 7,000 yuan.
On August 7, Pu Lutong’s secretary-general Ni Weixiong told the reporter of “Daily Economic News” that 'more than 70 million yuan was the amount of the first lawsuit. Later, we added the amount of the lawsuit and entrusted the lawyer to continue the lawsuit.'
Additional litigation amount to 200 million
On the evening of August 6, Pulutong said that it had recently received (2017) Jing 03 Minchu No. 312 "Civil Judgment", and Beijing No. 3 Intermediate People's Court made a first trial on the company's civil lawsuit against LeTV Intelligent and LeTV Holdings. Judgment. Requires LeTV Intelligence to pay a total of RMB 214 million and interest to Pluto within 7 days after the judgment takes effect. The annual interest rate is calculated at 6%. In addition, if LeTV Intelligent is still unable to repay after being enforced, it will be guaranteed by LeEco Holdings. The court rejected the other litigation requests of Pluton.
The reporter of "Daily Economic News" saw in the China Judgment Paper Network that there were 5 requests for Proudhon's indictment, respectively, for the judgment of LeTV's smart repayment of the outstanding contractual arrears of 71,619,900 yuan; the judgment LeTV intelligent repayment of interest, calculated to 2017 8 On the 20th of the month, the amount was 1.589 million yuan; LeTV Intelligent took the Lulutong lawyer's fee of 2 million yuan; LeTV Smart assumed the general guarantee responsibility; LeTV Smart and LeTV Holdings bear legal fees and property preservation fees.
It should be noted that when Lulutong sued the court, he applied to the court for a judgment of LeTV intelligent repayment of more than 7,000 yuan. The result of the first trial was that the judgment LeTV intelligently repaid 214 million yuan.
In this regard, Pu Lutong’s secretary-general Ni Weixiong told the “Daily Economic News” reporter that “more than 70 million yuan was the amount of the first lawsuit. Later, we added the amount of the lawsuit and entrusted the lawyer to continue the lawsuit.
For the amount of more than 200 million yuan, Ni Weixiong said, 'The amount of accounts receivable has been disclosed in the annual report, about 190 million yuan, plus the cost of litigation and other related, almost 200 million yuan."
During the first-instance defense, LeTV Intelligent submitted an application for jurisdictional objection to the court of first instance. It believed that LeTV Smart and Pluto agreed that 'any party can file a lawsuit in the people's court with jurisdiction over the location of Party A (ie LeTV). The main office of LeTV Smart is located at Building 3, No. 105, Yaojiayuan Road, Chaoyang District, Beijing. Therefore, the case should be under the jurisdiction of the People's Court of Chaoyang District, Beijing.
However, due to the fact that the jurisdictional clause in the agreement violates the jurisdiction of the class, the Beijing Chaoyang District People's Court has no jurisdiction over the case, and the case shall be under the jurisdiction of the court of first instance. In the first and final rulings, the court rejected the objection of LeTV Intelligence. Application.
As for LeTV's application for jurisdictional objection, Ni Weixiong told reporters, 'This is a common lawsuit lawsuit. The defendant has no practical effect on the outcome of the judgment in order to delay the time.'
Cooperation has been terminated last year
As early as 2015, Pluto had business dealings with LeTV. In the 2015 semi-annual audit report, LeTV and Xiaomi appeared on the list of Pluton's arrears.
In May 2016, some investors confirmed to Pluto on the interactive platform of the panoramic network, whether Pluto provided Lexon with supply chain services for all products. Pluto responded that it is LeTV mobile phone and other products. Provide supply chain management services.
At that time, some analysts wrote that LeTV's mobile phone sales have exceeded one million units. The new mobile music 1s has become the new sales champion of Jingdong Mall and the new product sales champion of the whole e-commerce platform on that day, with a total reservation of more than 13 million. As a LeTV mobile phone. One of the supply chain partners, Pluton, will generate a large amount of economic profits. The cooperation between Pluton and LeTV will undoubtedly bring huge hype and imagination.
However, due to the funding problems of follow-up LeTV, Pluto and LeTV terminated cooperation in 2017.
Pluto's 2017 annual report shows that the company achieved operating income of 5.381 billion yuan in 2017, an increase of 49.67% over the same period of last year. The net profit attributable to shareholders of listed companies was 68.247 million yuan, down 64.25% year-on-year.
In the reply letter, Pluton explained that it was mainly due to LeTV's smart capital problem. Due to the principle of prudence, the company should respond to LeTV's intelligence. The total amount of bad debts is 80% of the receivables, and the accrued amount is 146 million yuan, which is included in the current income statement item 'asset impairment loss', which is offset against the total profit for the current period.
At the end of 2017, Pluton's accounts receivable for LeTV Smart were RMB 974,700, and other receivables were RMB 172 million. The total receivables were approximately RMB 182 million.