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On Monday, the 300104.SZ announced that the company's reputation and credibility were still in a serious negative public opinion whirlpool, which was expected to lose about 310 million yuan in the first quarter. In addition, the company received a letter of inquiry from the Shenzhen stock exchange for verification. It explains the relationship between Jia Yue ting and its related parties and Rui Chi automobile.
The announcement showed that in the first quarter of 2018, the company's advertising revenue and terminal income fell sharply compared with the same period in the previous year, while the company made a profit of 125 million yuan in the same period last year.
At the same time, according to the company's industry characteristics, in addition to the normal operating costs (such as the cost of CDN, the cost of apportionment, human cost and so on), the cost of the company's reporting period has not been significantly reduced. At present, the company is substantially reducing the cost, actively negotiating with the related financial institutions to extend the loan period and trying to solve the company's operating difficulties and financial pressure.
"At present, company management is striving to reactivate the main business to reactivate the company's cash flow and supply and marketing system. The announcement said that the company is also actively coordinating with the non listed system of music vision, and instructing the relevant parties to effectively solve the related receivables formed by the listed companies on the non listed companies because of the historical related transactions and relieve the financial pressure.

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