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BEIJING Derrick Rose Jersey , Jan. 24 (Xinhua) -- Shares of Leshi Internet Information and Technology, the listed arm of technology conglomerate LeEco, slumped by the daily limit of 10 percent at market opening Wednesday after the stock restarted trading.
The plunge came after a suspension since April last year, when the company said in a filing on the Shenzhen Stock Exchange that it was contemplating capital restructuring.
The planned deal to acquire a film arm from the troubled LeEco was finally dropped due to LeEco's financial woes.
LeEco was in deep water in the past year as the company's aggressive expansion into electric cars and other markets resulted in rapid build-up of debt.
LeEco founder Jia Yueting was said to owe about 7.5 billion yuan (1.17 billion U.S. dollars) to Leshi together with his affiliates, according to Leshi.
Jia, currently in the United States Channing Frye Jersey , was ordered by China's securities regulator to return to China to deal with the mounting debt trouble.
Leshi said in a recent filing with the exchange that it had seen sharp declines in revenue and a surge in financing costs in 2017. It also claimed difficulty in collecting receivables and tight cash flow situation.
The smart TV maker expected a net profit loss for 2017 and warned investors of operation difficulty.
Net profit attributable to shareholders slumped 435 percent year-on-year in the first three quarters and resulted in a loss of about 1.65 billion yuan.
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Chinese Premier Li Keqiang said on Wednesday that the country will continue opening up and reform, and make the economy more competitive and innovative.
Chinese Premier Li Keqiang presides over a meeting soliciting opinions on the annual government work report from non-Communist parties, All-China Federation of Industry and Commerce and those without party affiliations, in Beijing, capital of China, Jan. 24 Brad Daugherty Jersey , 2018. Chinese Vice Premier Zhang Gaoli and Wang Yang, vice premier and also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, also attended the meeting. (XinhuaPang Xinglei)
Li made the remarks at a meeting on the annual government work report with non-Communist parties, the All-China Federation of Industry and Commerce and those without party affiliations in Beijing.
The economy has solid fundamentals, but it faces difficulties and challenges, Li said Cheap Cleveland Cavaliers Hats , calling for efforts to win ""three tough battles,"" namely major risks, poverty alleviation and pollution.
Wan Exiang, chairman of the Revolutionary Committee of the Chinese Kuomintang (RCCK), suggested measures to prevent financial risks and reduce the extracurricular burden of school children.
Ding Zhongli, chairman of the Central Committee of the China Democratic League (CDL) Cheap Cleveland Cavaliers T-Shirts , made suggestions on environmental protection and strategies on developing emerging industries.
The work report is scheduled to be published in March.
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INCHEON, South Korea, Oct. 3 (Xinhua) -- China's Zhang Wenxiu said on Friday that she was shocked at a positive doping result that denied her Asian Games gold medal.
The Olympic Council of Asia (OCA) announced Friday afternoon that the Chinese has been stripped of the women's hammer throw gold medal after failing a pre-competition drug test.
In an email sent to Xinhua News Agency, Zhang said, "I have been notified by the Inchean Asian Games organizing committee of a positive doping test done on me on Sept. 26. I am shocked, and I cannot accept it."
A sample taken from Zhang two days before she won the title with 77.33 meters Custom Cleveland Cavaliers Jersey , was found to contain the banned substances Zeranol and its metabolite, the OCA said in a statement. Zeranol is approved for use as a growth promoter in livestock.
"The competitor has been disqualified from the competition as well as these Games and as such her accreditation canceled, and gold medal was withdrawn," said the OCA statement.
Zhang, 28, became the first Chinese athlete caught doping in major sporting events since the 1994 Asian Games in Hiroshima Cheap Cleveland Cavaliers Hoodie , where a number of positive cases involving Chinese swimmers were reported.
"As a veteran athlete, I have been receiving anti-doping education for many years and strictly abiding by the anti-doping rules," said Zhang.
"As an athlete who has been competing in numerous competitions over 15 years, I have been tested over a hundred times and have never had doping problems.
"I have never taken banned substance and I don't know why banned substances surfaced in my sample. As an athlete, I regret bringing negative influence to the Chinese sports delegation and the Chinese Athletics Association for whatever reasons."
Zhang added she would cooperate with investigators who are looking into the positive test.
"I will vindicate my rights and cooperate with all the concerned organizations to find out the truth and clear my name," she said.
The Chinese Olympic Committee (COC) said that although the cause of Zhang's positive result is unknown yet Cheap Cleveland Cavaliers Jerseys , they fully respect the OCA's decision.
"The athlete may dope deliberately, but there also remain the possibilities that the positive reading was due to her consumption of contaminated meat," the COC said in a statement.
"Whatever the cause is, we respect the OCA's decision regarding Zhang's case, because the World Anti-Doping Code stipulates that athletes must bear the subsequences for the substance found in his or her body," added the COC.
So far six athletes have failed doping tests at the Incheon Games and been expelled since it opened. The OCA said that a record 1 Tyrone Hill Cavaliers Jersey ,900 athletes out of some 9,500 would undergo drug tests in Incheon.
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