LeEco delivers remarkable performance in 2015, set to outshine in growth

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New Delhi, Mar 22 (ANI): According the annual performance report released by LeEco on March 17, the company produced an outstanding performance last year with annual revenue of the reporting period hitting RMB 13 bn, a growth of 90.89 percent year on year (YoY).

Besides, the net profit attributable to common shareholders of the company increased by 57.41 percent on a year-on-year (YoY) basis to RMB 573 million.

LeEco continued to produce a series of fine work creating phenomenal success last year, such as the Legend of Miyue, Go Princess Go and so on. According to the statistics released by authorities, by December 2015, Le.com ranked first in the video streaming industry in average daily UV, monthly visit views and in the top 10 list of total streaming time.

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In 2015, Le.com achieved RMB 13.017 bn in gross revenue, a 90.89 percent year-on-year (YoY) increase. Among them, advertising contributed RMB 2.634 bn, marking a year-on-year (YoY) increase of 67.53 percent; the terminal business income grew by 122.22 percent to RMB 6.089 bn; the membership sales and distribution revenue hit RMB 3.782 billion, up 56.17 percent from the previous year; and the technical services generated RMB 512 million, more than five times as much as that of last year.

The soaring performance is a direct manifestation of the sufficient cash flow in LeEco. During the reporting period, the net cash flow of LeEco generated from operating activities was RMB 876 million, a year-on-year (YoY) increase of up to 273.94 percent, with monetary capital up 446.12 percent to RMB 2.73 bn.

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In 2015, the number of daily unique visitors of Le.com achieved more than 76 mn on average and nearly 245 mn during peak time. The fourth quarter of 2015 alone contributed approximately 130 mn daily unique users with daily average visit views of up to 300 million and 570 million during peak time.

Following the rollout of LeEco’s globalization strategy, Leshi Zhixin Electronic Technology established its partnership with TCL Multimedia by subscribing to about 20 percent of its stake, aiming to form a multi-dimensional and in-depth cooperation in terms of strategic resources and business models.

The tie-up shows the resolution of both parties to promote industrial upgrading and lead the era of Internet-based ecosystem globally as domestic brands. As of the disclosure date of the annual report, LeEco had completed business deployment in Hong Kong, Los Angeles, Silicon Valley and other places.

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According to resources, the targeted additional shares issuance and related matters of LeVP and Le.com will be gradually disclosed later. (ANI)

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