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LeEco announced a salary increase, and the full letter revealed that it achieved a double balance of operating profit and cash flow this year

IT Home December 21 news, today, LeTV video, Letv, LeTV intelligent ecological Weibo account at the same time released a poster of salary increase, and claimed to be a benchmark Internet manufacturer.

LeEco announced a salary increase, and the full letter revealed that it achieved a double balance of operating profit and cash flow this year
LeEco announced a salary increase, and the full letter revealed that it achieved a double balance of operating profit and cash flow this year

The poster said: "The part of the salary reduction and subsidy cancellation due to the epidemic in early 2020 will officially resume after the Spring Festival next year." ”

It is reported that LeTV's "salary increase" incident, in fact, as early as this year's 919 period, there was relevant internal news broke out, Le Rong Zhi new CEO Zhang Wei announced at the 919 Music Fan Festival internal activities site: "Due to the impact of the epidemic and other reasons, in 2020, when it was very difficult, the company made a difficult decision to reduce the salary of all employees. However, after more than a year, the operation stabilized, and the company decided to resume the salary reduction due to the epidemic next year."

LeEco announced a salary increase, and the full letter revealed that it achieved a double balance of operating profit and cash flow this year

In addition, all employees of LeTV also received an internal letter, which shows that in November 2021, TV operations, mobile operations, advertising commercialization and other businesses have reached their annual business targets ahead of schedule. For the first time in several years, the latest operating figures, which are the first of its kind in years, have achieved a double balance of operating profit and cash flow, regardless of the impact of historical debt.

From the internal letter, it can be seen that LeTV has achieved a positive change in profits and cash flow this year, mainly for two reasons: one is hardware, LeTV's intelligent ecology has returned to the public eye, new categories and new products have been listed, and sales should be good; second, content, in November 2021, TV terminal operation, mobile terminal operation, advertising commercialization and other businesses have reached the annual business target in advance.

In the internal letter, LeEco also put forward a reflection on the company's business philosophy: whether the scale of relying on continuous burning money and huge losses is sustainable and whether it is really responsible for users is debatable. According to an internal letter, LeEco has been working towards another goal in recent years: to become a company with positive cash flow, breakeven and sustainable development. Only in this way can we go steady and far, can we gain the trust of users, truly serve users, and become good friends with users.

It is reported that the main companies of this salary increase include LeTV and LeRongzhixin, and do not include Jia Yueting's private company LeTV Holdings. The above two main companies are now managed by the professional managers of the original company, and Jia Yueting is not involved. LeTV's current core business is LeTV video, and Le Rongzhi's core business is LeTV's intelligent ecosystem, including television.

IT Home learned that since the official return of the LeTV intelligent ecology on May 18 this year, dozens of new products have been launched, covering kitchen appliances, living appliances and other home appliances.

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