Credit reporting agency: LeTV's major risk events may break out in the short term

　　According to the monitoring data of the corporate credit reporting agency Huaxia Dun-Brathlete, major risk events such as overdue accounts of LeTV may break out in the short term. Monitoring data from Huaxia Dun-Brathet shows that LeTV's payment index is at a lower level than other companies, and has been lowered from 57 points to 36 points in the short term, indicating that even as a leading company in emerging industries, major risk events such as overdue accounts may also explode in the short term.

　　The highest score of Huaxia Dun-Brathets Payment Index is 100 points, indicating that the company has the ability to pay in advance, 80 points show timely payment, and 36 points is a very low score, indicating serious overdue payment. From August 2015 to November 2016, China Dun-Brathet's assessment of LeTV's payment index has experienced a rapid decline in the short term.

　　In August 2015, Huaxia Dun-British News gave LeTV's payment index for the first time. LeTV Holdings (Beijing) Co., Ltd.'s payment index was 57, which is a company with high payment risks.

　　In August 2016, Hong Kong Leading Sports revealed that LeTV violated the cooperation agreement and failed to pay more than HK$14.6 million in service fees, and China Dun-Brathet lowered LeTV's payment index to 54.

　　In October 2016, Huaxia Dun-Brathet payment information exchange plan included multiple payment information that was overdue for more than 180 days, further lowering LeTV's payment index to 48.

　　In November 2016, Huaxia Dun-Brathet gradually lowered LeTV's payment index to 36 based on LeTV's payment performance. At this time, LeTV's supply chain arrears crisis was exposed by the media, and LeTV Sports laid off employees in December.

　　Previously, Huaxia Dun-Brathet's data monitoring played an important role in early warning of Huishan Dairy.

　　On March 24, Huishan Dairy's Hong Kong stock price plummeted 90%, and its chairman and CEO Yang Kai admitted that the company's capital chain had been broken. The media found Muddy Waters' short-selling report in December last year, questioning that it may have financial fraud and misappropriation of funds, and even questioning that it may have financial fraud.

　　Before this incident, Huaxia Dun-Brathlete gave Huishan Dairy's last risk warning score of 9 in July 2016. Huaxia Dun-Brathlete's risk warning index is divided into ten levels of 1-10. A score of 9 means extremely high risk.

　　Monitoring at the time showed that Huishan Dairy had a very high overdue amount ratio in the 12 months before July 2016, and there were litigation records in the previous two years. At that time, Huishan Dairy's payment index also showed that its arrears were serious.

　　Dun-Brathlete is a well-known corporate credit reporting agency in the United States, and Huaxia Dun-Brathlete is one of its branches in China. (Source: NetEase News)

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