Sun Hongbin resigns LeTV as a mystery for the future

LeTV has once again become the center of public attention, drawing sharp scrutiny from investors and analysts alike. A month ago, the stock price surged over 60%, only to be followed by a series of dramatic events, including Sun Hongbin’s resignation as chairman. On March 16, LeTV resumed trading with a closing price of 5.93 yuan per share, despite ongoing rumors about its potential delisting, bankruptcy, or restructuring. However, all these claims have been denied by the company, leaving its future uncertain. The stock’s recent volatility has sparked intense speculation. After hitting a high of 6.59 yuan on March 14—up 58% from its February low of 4.16 yuan—the stock saw massive trading activity. According to LeTV's own announcement, the cumulative turnover rate during this period exceeded 200%, with the last five trading days showing over 40%. This suggests that hot money and retail investors are heavily involved in the stock, fueling further uncertainty. On March 14, LeTV confirmed that Sun Hongbin had stepped down from his position as chairman, citing work adjustments. Liu Shuqing, the company’s general manager, took over as acting chairman. Just a day later, LeTV released another statement clarifying that major shareholders holding more than 5% of the shares had no plans to increase or reduce their stakes, dispelling rumors about Sunac China’s potential involvement or a takeover by Jia Yueting. Despite these clarifications, the market remains skeptical. Analysts believe that LeTV’s current situation is far from stable. The company continues to face operational challenges, with its main business suffering a sharp decline. Last year, it reported a loss of 11.6 billion yuan, and repeated warnings about its financial health have not stopped speculative interest. Sun Hongbin’s departure raises questions about the company’s direction. His resignation came after failed attempts to restructure the company, including efforts to divest Jia Yueting’s frozen shares. These moves were blocked due to legal and regulatory hurdles, making it difficult for the company to move forward. Looking ahead, several scenarios are possible. Some analysts suggest that LeTV may either introduce new strategic investors, undergo restructuring, or even face delisting. Others warn that without significant changes, the company could eventually collapse under its mounting debts. For ordinary investors, the risks are high. LeTV is listed on the GEM (Growth Enterprise Market), which does not allow backdoor listings. If the company fails to recover, investors may suffer heavy losses. Despite the company’s struggles, some still chase short-term gains, treating the stock like a gamble. This behavior is risky and not advisable. In summary, LeTV’s future remains unclear. While there are multiple possibilities, the path forward is fraught with challenges. Investors should remain cautious and avoid blindly following the hype. The next few months will be critical in determining whether LeTV can survive or if it will ultimately fade away.

Active Matrix LCD

Signal
Response time refers to the response speed of the Liquid Crystal Display to the input signal, that is, the response time of the liquid crystal from dark to bright or from bright to dark (the time for the brightness from 10%-->90% or 90%-->10%) , Usually in milliseconds (ms). To make this clear, we have to start with the human eye's perception of dynamic images. There is a phenomenon of "visual residue" in the human eye, and the high-speed motion picture will form a short-term impression in the human brain. Animations, movies, etc. to the latest games have applied the principle of visual residue, allowing a series of gradual images to be displayed in rapid succession in front of people's eyes to form dynamic images. The acceptable display speed of the picture is generally 24 frames per second, which is the origin of the movie playback speed of 24 frames per second. If the display speed is lower than this standard, people will obviously feel the picture pause and discomfort. Calculated according to this index, the display time of each picture needs to be less than 40ms. In this way, for the liquid crystal display, the response time of 40ms becomes a hurdle, and the display above 40ms will have obvious picture flicker, which makes people feel dizzy. If you want the image screen to reach the level of non-flicker, it is best to achieve a speed of 60 frames per second.
I used a very simple formula to calculate the number of frames per second under the corresponding response time as follows:
Response time 30ms=1/0.030=approximately 33 frames per second
Response time 25ms=1/0.025=approximately 40 frames per second
Response time 16ms=1/0.016=approximately 63 frames per second
Response time 12ms=1/0.012=approximately 83 frames of pictures displayed per second
Response time 8ms=1/0.008=approximately 125 frames per second
Response time 4ms=1/0.004=approximately 250 frames per second
Response time 3ms=1/0.003=approximately display 333 frames per second
Response time 2ms=1/0.002=approximately 500 frames per second
Response time 1ms=1/0.001=approximately 1000 frames per second
Tip: Through the above content, we understand the relationship between response time and the number of frames. From this, the response time is as short as possible. At that time, when the LCD market first started, the lowest acceptable range of response time was 35ms, mainly products represented by EIZO. Later, BenQ's FP series came out to 25ms. From 33 to 40 frames, it was basically undetectable, and it was really quality. The change is 16ms, displaying 63 frames per second to meet the requirements of movies and general games, so 16ms is not obsolete. With the improvement of panel technology, BenQ and ViewSonic started a speed battle. ViewSonic started from 8ms to 4ms. Released to 1ms, it can be said that 1ms is the final controversy of LCD speed. For game enthusiasts, 1ms faster means that CS's marksmanship will be more accurate, at least psychologically, such customers should recommend the VX series of monitors. But everyone should pay attention to the grayscale response when selling. The text difference in full-color response may sometimes mean the same thing as gray-scale 8ms and full-color 5ms. It is the same as when we sold CRTs before, we said that the dot pitch is .28, LG just I have to say that he is .21, but the horizontal dot pitch is ignored. In fact, the two are talking about the same thing. LG has come up with a sharpness of 1600:1. This is also a conceptual hype. Everyone uses the basic screen. There are only a few companies on the list, and how can only the LG family achieve 1600:1, and everyone stays at the level of 450:1? When it comes to consumers, the meaning of sharpness and contrast is obvious, just like AMD's PR value, which has no real meaning.

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