With Jia Yueting fleeing to Los Angeles, Le Shi Ecological collapsed and the goodwill of the company plummeted. Since December of last year, LeTV's supply chain owes a storm and Taiwan's IC distributors, Hutchison United, and Wenyu, and the major foundries Compo, Heshuo, and Foxconn have all been involved. However, in the first half of the financial report, after more than half a year of digestion, after the provision of several hundred million yuan in bad debts, the General Assembly and Wen Hao were on track and their revenue performance was dazzling.
A few days ago, Great General Assembly, Wen Hao said that since LeTV returned some of the arrears in the first quarter, bad debts have been accrued and the company's performance is no longer affected by the deterioration of LeTV. In fact, in the first quarter, LeTV returned the amount of 31 million yuan (RMB) owed by Dalian University, and also paid a small amount of money to Wenhao. In the end, the money owed by LeTV was basically cleared and no longer affected the operations of the two companies.
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