从5000万增至1.8亿，乐视网负债230亿也要投资炒股

Core Viewpoint - LeEco, once a leading company in the entrepreneurial board, is under significant financial pressure with over 23 billion yuan in debt, yet it has announced a new investment plan of 180 million yuan in stock trading, raising concerns about its financial health and sustainability [1][4]. Group 1: Investment Plans - LeEco plans to use up to 180 million yuan of its own funds for securities investment, focusing on new stock subscriptions on the Beijing Stock Exchange, secondary market stock trading, and reverse repos of government bonds [1]. - At least 150 million yuan of this investment will be allocated specifically for new stock subscriptions and reverse repos, with a maximum of 30 million yuan for secondary market stocks, imposing strict limits on bank stocks (at least 50%) and stocks in the CSI 300 index (at least 80%) [1][4]. - This is not the first investment plan announced by LeEco this year; a previous plan in April had a much smaller investment cap of 50 million yuan [3]. Group 2: Financial Condition - As of September 30, 2025, LeEco's total liabilities reached 23.009 billion yuan, while its assets were only 862 million yuan, indicating a severely imbalanced asset-liability structure [4]. - The company reported a revenue of 115 million yuan for the first three quarters of 2025, a year-on-year decrease of 2.88%, and a net loss that widened from 173 million yuan in the previous year to 242 million yuan [4]. - The company's asset-liability ratio has reached an alarming level of 2667.83%, with net assets attributable to shareholders being negative 2.1545 billion yuan [4]. Group 3: Historical Context - LeEco was founded in November 2004 and was the first video website to go public in China, achieving a market value of over 170 billion yuan in 2015 [5]. - The company faced a financial crisis at the end of 2016, leading to investigations by the China Securities Regulatory Commission in 2019 for information disclosure violations, and it was delisted in July 2020 [5]. - Following its delisting, LeEco transitioned to the New Third Board for trading but has remained in a long-term suspension state, with a total market value of 1.2 billion yuan as of December 4 [5].