LeEco is still alive: announces increased revenue during Q1 2017!

Who would have thought that miracles still happen? LeEco reported today that they had a net operating income of 4.92 billion Yuan, with 125 Million Yuan of its profits attributable to shareholder investments.

This means that the company has a revenue of 4.92 billion yuan during the first quarter of 2017, increased by 6,21% when compared to the previous trimester, along with a net cash flow of 7.41 billion Yuan generated by operating activities. Note that - according to LeEco officials- by March 31, 2017 the company's debt had fallen to only 18.885 Billion Yuan!

The Chinese company also announced its main shareholders, among which we can spot Jia Yue Ting Holding which holds 25.67% of the company’s shares, Tianjin Jia Rui Huixin Enterprise Management Co., Ltd. with 8.56% of the company's shares and Jia Yue-min Holding which accounts for 2.20%.

Bron: MyDrivers