In the second half of this year, a group of hundreds of millions of companies including Big Vision, Haobo Optoelectronics, Jiahao Optoelectronics and so on closed down one after another, which made the unrecovered suppliers anxious. "Enterprises with hundreds of millions of dollars have the most serious triangular debt problem and the lowest risk warning system. When LED display screens are over-competitive and the product gross margin is low, the production and production shutdowns are the first to occur."
In December, Dongguan Jiahao Optoelectronics Co., Ltd. (hereinafter referred to as "Jiahao Optoelectronics") was seized by the Dongguan Municipal People's Court because of arrears of 18 million yuan in payment to suppliers. It is reported that Jiahao Optoelectronics actually has less than 7 million yuan in total assets. At present, its chairman Sun Yiyang has run away.
We learned from Dongguan and Shenzhen Industry and Commerce Bureau that Jiahao Optoelectronics registered in March 2011, but its predecessor was Dongguan Weihao Electronic Material Co., Ltd., established in 2003, mainly engaged in electronic circuit boards, electronic materials and other products. "Jiahao Optoelectronics is also an old-fashioned company. It is relatively low-key in the industry, but its annual sales also exceed 100 million yuan." The supplier said.
In July 2010, Sun Yiyang had invested 4.95 million yuan, purchased 90 acres of land in the Wanan County Industrial Park, and built the Jiahao Industrial Park, with a total investment of 500 million yuan. Dongguan Weihao Electronic Material Co., Ltd. invested 50,000 yuan, accounting for 1.0%. The industrial park is mainly engaged in LED lighting and lighting, LED display production and sales. In the same year, Sun Yiyang also established Jiahao Optoelectronics Technology Co., Ltd. in Shenzhen.
Sun Yiyang hopes to increase the company's performance by expanding production capacity, but the resulting shortage of capital chain has become the direct fuse for the shutdown of Jiahao Optoelectronics.
However, Jiahao Optoelectronics suppliers responded that it is still debatable whether Jiahao Optoelectronics Industrial Park is really expanding its production capacity. "The current practice in the industry is to paint a blueprint for suppliers and capitalists to use their power to improve themselves." When the reporter called Sun Yiyang's mobile phone, it showed that it had been shut down.
In fact, at the same time as the expansion of Jiahao Electronics, the LED display industry has seen a sharp decline in product prices, low gross profit margins, and excessive competition in the industry.
Packaging companies such as Guoxing Optoelectronics, Lehman Optoelectronics, Anpuguang and Mullinson have lowered product prices and expanded production. It is reported that LED lamp beads have dropped exponentially this year. The original RGB was 40 yuan / K, but now the market is 20 yuan / K; 5050RGB, which used to be 500 yuan K, is now 80 yuan K. Risk of depreciation of inventory.
"The biggest problem of Jiahao Optoelectronics is that the product gross profit margin is too low, and the products he manages cannot make him profitable. In addition, there is no core technology. In the case of large fluctuations in the industry, their anti-risk ability is also the worst, so the first Fall. "The supplier said.
In fact, the problem encountered by Jiahao Optoelectronics is also a common phenomenon in the LED display industry. Especially, companies with sales of more than 100 million have the lowest ability to resist risks. "Haobo Optoelectronics, Big Vision, Jiahao, etc. are also large-scale enterprises, which developed early, but fell down at the earliest." Peng Chengxue, general manager of Kuangtong Electronics International Trade Department, said.
"The threshold of the LED display industry is low, and companies lack core competitiveness. For companies with a scale of over 100 million, on the one hand, they will expand production to cope with market competition; on the other hand, they will gain more investors and suppliers by increasing production capacity. "Peng Chengxue said, when the external environment changes, these companies have the lowest ability to resist risks.
"Although the output value of the LED display screen is more than 20 billion yuan, the concentration of enterprises is not high, less than five are over 400 million yuan, 80 are over 100 million yuan, and then there are hundreds of small-scale LED displays. Screen enterprises. "Peng Chengxue said that companies with more than 100 million yuan in strength are relatively strong, but even companies with more than 100 million yuan have fallen in succession, that is a dangerous signal.
"At the end of this year and the beginning of next year, a large number of LED display companies will go bankrupt." Industry insiders predict.
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