What are the "visions" of the LED industry that are caused by price wars?

On the Qinghu Road in Longhua District, Shenzhen, the vision of the former people's come and go photoelectric industrial park, is now empty, dead, two security guards silently guard the door.

On June 29th, the well-known LED display company in Shenzhen, which has been selected as one of the “Top Five in the Industry” for two consecutive years, with assets of over 100 million yuan, has been declared bankrupt due to the break of the capital chain. Subsequently, the company's legal representative Xing Yi did not know where to go. This is the second time that a well-known LED display manufacturer has closed down after the collapse of the company and the collapse of Bolent. For a time, the vision of the entire LED industry is worrying.

Running arrears, the "vision" is bleak
"No wonder the phone can't get through, it really is running." Zhang Xu is a supplier of Jingguang Electronics. Since October last year, this big customer who has imported hundreds of thousands of goods from his own hands every month, mobile phone Suddenly it won't work. "In May of this year, I went to the Shenzhen Longhua headquarters to inquire. Their employees told me that the salary in April was not sent. As for the thing that the Shenzhen boss had run in October last year, I suspected that the vision had happened. ."

Founded in 2005, Vision Optoelectronics is a high-tech private enterprise specializing in the LED display industry. It has more than 80 million yuan in assets and was once one of the largest R&D and manufacturing bases for LED display equipment in China. In 2007 and 2008, the average annual sales reached 260 million yuan.

According to informed sources, most of the products of Vision Optoelectronics are sold to Europe and the United States. The European debt crisis has greatly affected the European and American markets of this factory, and the sales performance is bleak. The factory moved from Djibouti to Longhua, and the huge cost of moving the factory and decorating the new factory allowed the second largest shareholder to withdraw the capital. In order to make up for the huge deficit, Xing Yi went around for help, until no money was available, and the bank owed 10 million yuan. Debt.

According to media reports, up to now, Vision Light Electronics has owed more than 20,000 yuan in wages and owed more than 380,000 yuan for the renovation of the factory.

As the factory can not afford the rent, Guohong Property, which is responsible for the property of the factory, has stopped all its hydropower. Xing Yi has been in arrears with Guohong Property's water and electricity rent and other expenses totaling more than 900,000 yuan.

Workers who are still in arrears are also stuck in the door of the Vision Light Electronics Industrial Park, hoping to hold the equipment and pay back wages.

Going bankrupt, the debt is not exhausted
On July 10, Xing Yi’s father came to the Shenzhen TV Economic Life Channel. He told the public: "After bankruptcy, Xing Yi took out all the assets of the family to repay the bank's debts, and then left Shenzhen. The factory equipment was seized by the court and the keys were handed over to the court. Later, someone told me that the factory The equipment was secretly transferred by Guohong Property. Both Xing Yi and I knew that the value of these equipments far exceeded the rent we owed more than 900,000 yuan. As a result, we were even more unable to repay the suppliers."

In front of the camera, Xing Yi’s father was awkward and apologized, indicating the supplier’s debt, and they will try their best to repay in the future.

Xing Yi had previously sent such a text message via mobile phone: "Fellow friends, I announced to you with a heavy heart that I tried the loan but I couldn’t get the loan. I also tried many ways but could not solve the reality. In order to repay the bank’s money, I I took out everything in my house, the house is gone, I still can’t repay it, so I’m sorry, I’m in arrears, I’ll definitely have everyone’s...”

The reporter has repeatedly called Xing Yi's mobile phone and has been in a state of shutdown. On July 10, the reporter contacted Xing Yi's father again and his phone has been unable to connect. As of press time, Zhang Xu still did not want to pay his arrears, and the debt collectors were blocked in the door of the vision photoelectric industrial park that had already gone to the building for a long time.

Jiang Zhongyong, general manager of Hangzhou Shilan Mingxin Technology Co., Ltd., a supplier of Vision Optoelectronics, disclosed to China Economic Weekly: "Vision Vision Electronics is a workshop-style production method, which was more effective five or six years ago, but later, when product profits fell sharply This kind of production method no longer adapts to the market demand. So we stopped dealing with them, and they still have arrears.

The price war
Zhang Xiaofei, dean of Zhejiang Gaogong LED Industry Research Institute and editor-in-chief of "High-tech LED" magazine, said in an interview with China Economic Weekly: "The development of LED display industry is a process of gradual weakening. This industry has matured. In Shenzhen alone, there are more than 100 display companies with annual sales of over 100 million yuan, and there are thousands of small-scale companies. The competition among these enterprises is fierce. 2005-2006 was the most brilliant two years of the LED industry. Orders are intensive, and the profit margin is quite high. It quickly fertilized a group of small and medium-sized enterprises. Later, fierce price wars frequently occurred. Enterprises blindly lowered prices, but did not pay attention to technology research and development and industrial development, leading to China's LED display industry. The accumulation of technology is very weak, and the price war has weakened the profitability of the entire industry."

It is understood that the current net profit of LED display companies is only 7% to 10%, and the difference is only 5%. The lower the gross profit, the more the company wants to make the scale bigger, the bigger the investment, the greater the loan demand. Since the second half of last year, due to the impact of the European debt crisis, exports have gradually shrunk, and orders for the entire industry have been greatly reduced, and profits have decreased. Banks are reluctant to lend to these small and medium-sized enterprises that have no power. Therefore, the collapse of these companies is a result of helplessness.

In addition, Zhang Xiaofei said that external fund holders are no longer optimistic about this over-saturated industry and are reluctant to enter. The government's support for this sub-sector is not very strong. Although some policies have been introduced, they are not much targeted.

Zhang Xiaofei believes that since the last year, the successive closures of several well-known companies in the industry, Bolent, 钧多立 and Vision Optoelectronics, have also indicated that the reshuffle of the LED display industry has begun. “There will be 10% to 20% of enterprises being eliminated. Even if it is already listed, it is normal for ST to appear in the next few years. Reshuffle is the only way to return this impetuous industry to rationality. road."

Name:150/250V PVC insulated shipboard control cable

Model:DA/SA/NSA/NA type:CKVV, CKVV80, CKVV90, CKVV82, CKVV92

Name:150/250V XLPE insulated shipboard control cable

Model:DA/SA/NSA/NA type:CKJV, CKJV80, CKJV90, CKJV82, CKJV92, CKJ82, CKJ92

SC/NC/NSC type:CKJPF, CKJPF80, CKJPF90, CKJPF86, CKJPF96, CKJ86, CKJ96

CKJPFP, CKJPFP80, CKJPFP90, CKJPFP86, CKJPFP96, CKJP86, CKJP96

CKJPJ, CKJPJ80, CKJPJ90, CKJPJ85, CKJPJ95, CKJ85, CKJ95

CKJPJP, CKJPJP80, CKJPJP90, CKJPJP85, CKJPJP95, CKJP85, CKJP95

Specification:(2~37)×(0.5~2.5)mm2

Executive Standards:IEC60092-350, IEC60092-376

Application:The cable is intended for control system or shipboard and offshore building



Fire Resistant Marine Control Cable

Marine Cable,Fire Resistant Marine Control Cable,Ship Control Cable,Xlpe Control Cable

Jiangsu Jiangyang Special Cable Co,.Ltd. , https://www.jymarinecable.com

This entry was posted in on