Music As The Purchase Announcement Financial Data Went Wrong

< p > it is reported that in a recent media announcement that LETV bought flowers and videos and music as new media announcements, the 1 billion 600 million draft of the draft released by LETV was inconsistent.

In response to this incident, LETV quickly made emergency response measures, and applied for suspension within the first time, promptly requested the project group to carry out the data correction, and submitted a revised application to the regulatory authorities on the day of the suspension.

The announcement of a href= "//www.sjfzxm.com/news/index_p.asp" > acquisition of < /a > Hua Er film and music as well as new media has aroused widespread concern of the industry and the public. Music has also risen as a share of the stock market.

In recent days, LETV has been published by a media manuscript, pointing out that the 1 billion 600 million redraft bill released by music network in September 30th was mixed. For this event, LETV took urgent measures and temporarily suspended its business.

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< p > after a series of careful investigations by LETV, today, music network officially resumed and issued a clarification announcement to explain the errors in the data acquired.

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< p > to the data question in the draft, Liu Hong COO explained that the acquisition scheme of the music network is more complicated and directly announces the official draft. Due to the tight time and the complicated way of purchase, the staff of the specific reorganization project team have failed in data entry and data audit.

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According to the interpretation of Liu Hong href= "//www.sjfzxm.com/pioneer/" > lvnet "/a COO COO", the director of general manager of the Oriental high Saint investment management company, Miss Qiu, also said that the error of data entry is not the first case. The error of the data type in the merger and acquisition plan of the listed company is not uncommon, because some listed companies have a very short time from the plan to the implementation of the merger and acquisition, which may only be one or two months. In the process of doing a lot of financial data analysis, because of the complexity of data accounting and so on, this digital omission is unavoidable. In the process of reporting, a slight lack of attention may result in a data gap, which is also very high for the data audit requirements. P a <

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< p > acquisition of Hua Er film and television will further strengthen the content production ability of music, and the operation mode will also be professionally promoted.

There are star directors and excellent production and distribution teams in Hua Er film and television. Since its inception, the TV dramas produced have excellent market performance.

With the increasingly fierce competition in the "a href=" http://zs.sjfzxm.com/ "network copyright" /a, the acquisition of flower film by Star TV director Zheng Xiaolong will help the company to further grasp the quality TV drama content resources from the source and reduce the cost of online copyright purchase.

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< p > the valuation of Hua Er film 900 million is due to the consideration of the future profitability of Hua Er film and television.

In the first half of this year, the net profit of Hua Er film is about 60 million yuan. According to the average price earnings ratio of 13 times, the valuation should be 780 million yuan. But considering the cash flow of Hua Er movie and television is better, and the annual subsidy of about 10 million, the valuation is 900 million RMB.

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