After the news of the shutdown of Shenzhen Hundred-Year-level LED enterprise Haobo Optoelectronics Co., Ltd. broke out on November 5, Zhao Hui, chairman of Haobo Optoelectronics, responded: "The company has not stopped work before, it is just a" regulation break. " The work will be resumed as soon as possible, and the wages owed to the employees will be resolved as soon as possible, and the payments due to the suppliers will be gradually repaid.
On the afternoon of November 12, the gate of Shenzhen Haobo Optoelectronics Co., Ltd. (hereinafter referred to as Haobo Optoelectronics) was extremely deserted on Changfeng Road, the fourth industrial park of Changming, Shenzhen, Shenzhen. Four security guards blocked the reporter from the door. "You ca n’t go in ".
In 2011, following the collapse of three Shenzhen LED companies, Jun Duoli, Bolent, and Shuai Liang, Haobo Optoelectronics also fell into the vortex of collapse, and recently the company has fallen into debt disputes with multiple suppliers.
"In the fourth industrial zone of Changzhen, in addition to Lihe Technology, Haobo Optoelectronics has the best benefits." A food company executive close to Haobo Industrial Park told reporters that Haobo Optoelectronics actually has no shortage of orders.
On November 13th, the reporter saw at the scene that Haobo Optoelectronics had begun to resume production. The low-rise roar of the machine on the right side of the Haobo Industrial Park composed of three buildings, but only one in the past one hour A three-wheel manpower small truck enters the factory.
As a well-known LED company in Shenzhen, Haobo Optoelectronics is mainly engaged in LED display. Its turnover in 2011 was about 200 million, and it was just named "Shenzhen Famous Brand" in the first half of this year. Its 2012 sales target is 500 million yuan. .
An insider close to Haobo Optoelectronics told reporters that Haobo Optoelectronics has split into two camps internally. "Some investors want to sell the enterprise and go through bankruptcy liquidation directly, so that they can also get back part of the investment; as the operator of the enterprise , Zhao Hui, chairman of Haobo Optoelectronics, hopes to continue to operate and believes that the company can be revitalized. "
The reporter called Zhao Hui's mobile phone several times, but he never answered it. Long Yang, general manager of Haobo Optoelectronics, was silent for a while and said, "You still interview our legal representative."
Funding dilemma
Haobo Optoelectronics has repaid the employees' wages and has now resumed production.
On the notice board at the front door of Haobo Optoelectronics, two documents are particularly conspicuous: one is a security recruitment notice; one is a notice for suppliers.
The notices for suppliers will take effect from October 29th, requiring suppliers to abide by two principles: each supplier can only arrange for one representative to enter the company for reconciliation; see the chairman's time at 4-6 pm every day.
"You see that Haobo Optoelectronics has more security than our company, usually four or five, and we only have one." The above food company executives smiled wryly. At the end of October and the beginning of November, almost every day, there are suppliers to pursue Payment.
On October 31, some employees of Haobo Optoelectronics applied for labor arbitration to the labor department on behalf of more than 190 other employees. After the acceptance by the labor department, in order to prevent the company from transferring the machinery and equipment, the employee representative immediately applied to Baoan District People's Court for property preservation. After the court accepted, the public court of Baoan District People's Court came to Shenzhen Haobo Optoelectronics Co., Ltd. on the morning of November 2 , The equipment in the company's plant was sealed according to law.
An internal employee reported that since August, Haobo Optoelectronics has been owing wages to employees. Generally, a part of the salary is paid every two months. "Last part of the salary was paid in September last weekend, but only some employees can Get it ".
It is reported that Haobo Optoelectronics owes employees about 2 million yuan in wages and commissions and about 25 million yuan in arrears in payment for goods from suppliers.
"Zhao Hui should soon raise funds to pay wages to the workers, and thus promote the unsealing of production equipment." The above-mentioned insiders analyzed that the wage arbitration can be lifted and the labor arbitration can be lifted, and the equipment can be reactivated. "Employees do not expect to get full wages under the current predicament, but wait until the factory produces, and the funds will be resolved slowly after the funds are returned."
Contradiction highlights
Some investors hope to sell Haobo Optoelectronics, while the founders hope to raise their children.
According to reporters, the orders of Haobo Optoelectronics have always been sufficient. The main reason for the factory shutdown was the company's arrears of payment for the supplier, which caused the supplier to collectively cut off the supply.
As a footnote, in 2011, Long Yang, general manager of Haobo Optoelectronics, said in an interview with the media that the total sales growth rate of this year should reach 80% in early 2011, but due to the impact of the weak European and American economies and the domestic monetary tightening, it only reached 45 as of November. %.
Because the LED display industry involves terminal installation and other projects, it needs to maintain a gross profit of more than 20% to maintain net profit. In 2011, the industry's net profit averaged about 5%, but this year's gross profit was only about 15%. The profit has been Negative growth.
According to the payment practice of the LED industry: downstream customers are required to pay a deposit of 30% first, and then pay part of the payment after the display is shipped from the factory, and finally clear the final payment after passing the acceptance; the supplier will generally give the whole assembly manufacturer 60 -90-day billing period.
The general manager of Phaeton Tang Jia told reporters that the customer's final payment period is long, and the final payment sometimes even accounts for about 40%; the payment cycle to the supplier is relatively short, which makes many LED complete machine manufacturing companies advance funds first. For the capital chain Very demanding.
According to the monitoring data of the High-Tech LED Industry Research Institute (GLII), the output value of China ’s LED display screens reached 21.9 billion yuan in 2011, and there are more than 100 LED display companies with a scale of more than 100 million yuan. The manufacturers are extremely dispersed; In addition, the first half of this year As many as 200 LED display companies have ceased production in China.
In fact, following the shutdown of Shenzhen Vision Optoelectronics this month, a number of LED display companies with annual sales of hundreds of millions including Leng Teng Optoelectronics, Bright Color Optoelectronics, etc. have also frequently been caught in different levels of operating difficulties.
For listed companies, in 2011, the account receivable of Zhouming Technology was 42.92 million yuan, accounting for 8.06% of operating income; Liad was 118 million yuan, accounting for 23.47% of operating income; Lianjian Optoelectronics was 192 million yuan, accounting for operating income 22.64%.
Haobo Optoelectronics has also tried transformation. In April 2011, Zhao Hui invested 10 million yuan to set up Shenzhen Kosos Co., Ltd., specializing in the LED lighting market with better profits, but the products were not accepted by customers, and this indirectly became a guide to the breakage of Haobo's capital chain Torch.
"Some investors want to sell Haobo Optoelectronics, or bankruptcy, are all options, and Zhao Hui, the founder, hopes to raise his children." According to the aforementioned sources, Haobo Optoelectronics faces Not only is the issue of the capital chain, but also the differences of opinion among shareholders.
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