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在线翻译:
szdaily -> Markets
Leshi debts worth US$893.69m to mature
    2018-February-5  08:53    Shenzhen Daily

LESHI Internet Information and Technology, the listed arm of embattled technology company LeEco, expects 5.62 billion yuan (US$893.69 million) in debts to mature this year.

The debts were only a part of the company’s total unpaid liabilities from financing and loans worth 9.29 billion yuan as of the end of last year, according to a statement by the Shenzhen-listed firm Saturday.

“If the company’s business volume fails to rebound to the previous level, the cash flow will tighten further, which will put us under pressure to repay the debts,” Leshi said.

The company warned investors of the risks.

The statement came after the company’s shares Friday dropped by the 10 percent daily limit for eight straight days. Before the slumps, it had suspended trading since April last year due to capital restructuring. But the plan was dropped due to financial woes.

Leshi said Tuesday it expects about 11.6 billion yuan in net losses for last year.

Leshi made a profit of 554.7 million yuan a year earlier, but has struggled along with LeEco after an over-aggressive expansion plan left the group cash strapped. (SD-Xinhua)

 

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