On Wednesday (June 17), Central University of finance and Enterprise Research Center Director Liu Shuwei, China issued the strict control of actual controllers of listed companies of cash holdings, Le Jia Yue Ting as its target. (Liu’s background, why does she question concerns your own brain supplement)
”Wednesday” plot reversal
As “fans” (instead of fan fan than stock) long angered stormed into Liu Shuwei on Wednesday (June 24) released the study. Welcoming Liu to visit the examination, investigation, lent money to Jia Yue Ting listed company plans into practice. Liu Shuwei online appeared an ordinary music fans “Professor” of open letter, shouting “the share reduction lawfulness, fairness and reasonableness, nothing wrong, nobody has the right to deprive Jia total holdings of shares whose legal right, even if reduction does not lend the money no listed companies. “#” Fan “called out public relations voice of dare not show #
On Tuesday night (June 23), said Liu on Wednesday ahead of publication of the music, as the network analysis report: burn patterns of unsustainable. See the title of the report, “hiding in the bunker bombed” Le sigh.
Liu Shuwei is an expert in finance and accounting, questioned financial fraud, Lam Tin, published monographs such as the listed company’s false financial statement recognition technology. Music video and fans, shareholders and onlookers thought Liu would find flaws and even more serious problems in the Visual results, but she wants to talk about the Internet company’s “money-burning mode.” No Lao Jia came forward to say “eco”, “against”, a bit about people on the Internet economy at a glance teacher Liu rusty on this topic.
Short to attack the enemy, Director Liu Shuwei challenged shake music video of enthusiasm and provoked a spectator for the music video “talk about justice” (crowding the screen last night). Wednesday morning, as high 7%, rose up to 9.39%.
Liu Shuwei why very amateurish
1. knowledge of old
Liu Shuwei Moore’s law suit the television industry, but Moore said just chip, never heard of screen size, resolution, every 18 months and increases 1 time cost can be reduced by 50%. 21 inch TV price 5000 Yuan 20 years ago, massage law television screen today than ten stories high and costs less than 1 dollar!
Liu Shuwei tells a little story, MP3, appeared in 1973. But the world’s first MP3 player MPMan F10 the Saehan company in 1998, was launched. # Not Baidu, then, most people do not know MP3 born in what year, but I do remember was 2000 years after exposure to #
These details show that Liu Shuwei ignorance, no sense in IT field.
2. the concept an obsolete Tiger nose complex Gala red four battlefield a
Liu Shuwei report a comparison with the great letv background of Board members with Huawei. Ma Ali, the establishment that 18 persons, Mr Liu must despise. # Thanks to investors are SOFTBANK #
Then Liu told a cheese shop to expand stores, temporarily lost, but examples of expected losses soon. Conclusion is depending on the drop in profitability, business problem, also seriously question “burn patterns and unsustainable”.
Music still in profit, and Beijing East potato snapping up billions of own logistics, youku copyrighted content, and where they lost a year times, fast drops and it spent 1 billion subsidy wars than can burn?
Because of this obsession, seniority, see resumes with no ability to test cheese square ruler to measure Internet company, one or two, all three Internet technology company in China to overseas listings, remain in the a-shares of Ma’s words lined up in the industry.
3. logical confusion
Liu Shuwei report said “2014 depending on the net sales of TV150 million units. In 2014, as the network cost of 70% cost is Terminal. Obviously, sales Le Le net profitability, vision TV is one of the important reasons for the decline. ”
Not to mention Terminal is music as an integral part of the biosphere, each selling a hardware equivalent of a paying user binding, only intelligent TV and advertising, copyright, distribution is totally different. Advertising gross margin by more than 70% not surprisingly, Zhang ruimin said home appliances profits as thin as a blade. Because of the low increased gross margin new business, to assert that the decline in profitability, logically indefensible.
More incredible of is, Liu Shuwei actually said “2014 Le depending on network of terminal cost 4.092 billion yuan, accounted for Dang period business income of 60%”, and “assumed Le depending on network put 4 billion yuan of terminal cost for content products of created Shang, Le depending on network created not out like dad to where? and run’s, brothers! as low cost high profit of content products did?” # The two shows cost billions of dollars, does not know where low-cost talk? #
Sales of hardware, of course, to cover hardware costs (whether homemade or purchased). Letv 4.09 billion spent from the associated companies (new) purchased 1.5 million Super TV and access 4.27 billion in revenue. 4.09 billion spent on TV not to sell, there is no 4.27 billion in revenue. Liu Shuwei said music video should do with the 4.09 billion, is maddening.
4. inadequate
Most disappointing is that Liu Shuwei as financial experts, depending on the analysis of earnings only remain in the revenue structure, revenue recognition, costs, expenses and amortization problems did not dig deep.
On March 31, has pointed out that several defects depending on the financial, one of the most serious is the revenue recognition:
As each selling a Super TV-bound a 24-month membership fee, yet Super TV January 2014 PIN at the end can only confirm 490 Yuan revenue, 490 Yuan has until the end of 2015 to acknowledge all. According to this principle, combined with the data provided by the report, annual report (average monthly sales in the first half, 120,000 to 130,000 units in the second half), can be calculated approximately in 2014 should confirm that income was 378 million. TV plus 1.53 billion member fee will be 1.5 million Super TV-bound a brain is recognized as revenue, revenue in the current period are exaggerated 1.15 billion (annual revenues of 16.9%).
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