Le video Network publishes its 2014.5 annual report

Absrtact: 25th night, le Video network released its 2014.5 annual report, announced the first half of the company's total revenue of 2.94 billion yuan, rose 290.84% year-on-year, net profit is 151.9 million, the year-on-year increase of 30.16%. Although the first half of the video is subject to regulatory restrictions, le-vision super

25th Night, Le Network released its 2014.5 annual report, announced the first half of the company's total revenue of 2.94 billion yuan, rose 290.84% year-on-year, net profit is 151.9 million, the year-on-year increase of 30.16%.

Although the first half of the video was limited by regulatory restrictions, the music television super TV also due to capacity problems only achieved 700,000 units of sales (including orders), but the video network in the performance of the film is still a great boost to the overall performance of the company, continuing a good performance of 2013 years. Lok See 13 years operating income of 2.361 billion yuan, net profit of 255 million, is one of the few profitable video sites.

Early in the accumulation of copyright, let music in recent years, the increasingly fierce copyright war has maintained a good performance, Lok see recently also continue to strengthen the investment in this area, enhance the original ability. In this six months, around the copyright and video ecological Construction, le Vision completed the flower film and music as the new media acquisition work, further integration of video upstream industry chain. In addition, Lok see also invest in cooperation to set up music as sports and music as the cloud, hope to build "platform + content + Terminal + Application" ecosystem.

By contrast, Youku, which reported Q2 earnings earlier this year, lost 164.4 million yuan in the second quarter, with a 224.7 million yuan in the first quarter. Music in the video industry as a whole is still in a loss situation, still maintain a good profitability. But thanks to the potential regulatory risks in the video and smart-television industry, Tesco has accelerated its business diversification process.

Since entering the 14, Le Vision in the business development is "directions", in addition to the music film and Sports, in the early July we have reported that Le Vision set up mobile intelligence company, and dug up the former Lenovo Vice President Feng Jue and two of the charm of the senior executives, plans to launch a video phone this year.

And last week, le see again on the line of food electric business Platform "Le Life", set up a music network eco-agriculture company, exerting the power of fresh electricity dealers, into agriculture.