LeEco: Expected to lose 11.281 billion yuan to 11.286 billion yuan for the full year of 2019

LeEco said in a statement today that it expects to make a full-year loss of 11.281 billion yuan to 11.286 billion yuan in 2019, compared with a loss of 4,096 million yuan in the same period last year. LeEco said in a statement that, based on prudence, the company had about $9.8 billion in liabilities in the Case of LeEco Sports and LeEco Cloud.

LeEco: Expected to lose 11.281 billion yuan to 11.286 billion yuan for the full year of 2019

The Company is actively holding Mr. Jia Yueting responsible for the problems caused by the related debt of listed companies, and is obliging Mr. Jia Yueting and his affiliates to effectively resolve the actual debts they pose to listed companies in cash or their shareholdings and assets.

Up to now, the non-listed system debt processing team’s settlement plan, not through cash repayment, listed companies can not get cash support in the short term, due to lack of funds caused by the listed company’s operating difficulties can not be directly and effectively lifted.