"The collapse of this enterprise is inevitable. The boss owes one or two million debts and is now detained. The factory has also stopped working, and the enterprise can't save it." A Shenzhen Yiguang Technology Co., Ltd. (hereinafter referred to as Shenzhen Yiguang's employees said in an angry manner at the door of the Shiyan School of Labor Dispute Arbitration in Bao'an District, Shenzhen.
On July 1, Shenzhen Yiguang employees filed an arbitration application with Shiyan, and hoped to get their wages from April to June through labor arbitration.
It is understood that Shenzhen Yiguang corporate legal person Li Bin has disappeared since June 8 and the company employees can not contact their boss. On June 17, the factory was basically in a state of suspension. At present, the company has no announcement.
The employees of the company said: "The boss owes the supplier a loan of one or two million yuan, and the boss is detained in Shantou. The factory still owes us three or four hundred thousand yuan in salary."
According to the reporter's on-the-spot observation, Shenzhen Yiguang, who went to the Arbitration Court, had more than 40 people from the grassroots employees to the enterprise deputy. Their unanimous view was that the enterprise would go bankrupt.
The reporter found on the official website of Shenzhen Yiguang Technology Co., Ltd. that Shenzhen Yiguang was incorporated in Shenzhen in 2006 with a registered capital of RMB 5 million. The company's LED display and LED lighting and software control system as the core technology, the main products are LED indoor and outdoor full color display, LED outdoor cabinet, LED display control system, LED lighting and so on.
Where is the reason for the closure?
What is the reason for the collapse of Shenzhen Everlight? Everyone knows that there is a problem with the capital chain, but there are different opinions on where the funds are.
Some enterprise employees said that it may be a failure of enterprise transformation. Before Shenzhen Yiguang was taking the product channel route, the profits obtained were relatively low. This year, the boss may want to transform into the research and development field and invest some money. For example, he has introduced a lot of high salary. Technical talent. Some said that the company's shareholder relationship is complicated and the company's management is chaotic. Some said that the cooperation of new projects failed, and other shareholders' withdrawals made Shenzhen Yiguang into a quagmire. Some said that the boss let the finances make false accounts and turned the money away.
According to the reporter, Shenzhen Yiguang is a company that provides LED display and cell board products and services. It produced full-color displays this year, but the industry responded in general. If the transformation is said, the company has not found any big handwriting, and most of the employees do not agree with the failure of the transformation. As for the failure of the cooperation project, there may be traces to follow.
In the past, there were rumors that Shenzhen Yiguang and Sichuan Baishi Optoelectronics cooperated to establish Baiyi Optoelectronics. However, Wang Peng, general manager of Baishi Optoelectronics Sales, denied this statement. According to Wang Peng, Baishi Optoelectronics had intentionally cooperated with Shenzhen Yiguang to build a production base, but the investors were all Baishi Optoelectronics. Money is mainly responsible for management. Later, when Baishi Optoelectronics reviewed the financial statements of Shenzhen Everlight, it found that Shenzhen Yiguang registered capital of three or four million, while the debt was more than 10 million. This is extremely abnormal, so there is no cooperation.
Excessive use of financial leverage
The financial statements do not reflect the other problem of Shenzhen Yiguang – excessive use of financial leverage, which is a common problem in the LED industry. In the past 08 to 12 years, the LED display industry has developed rapidly. Many companies use financial leverage to pursue market share. The company itself is not large enough to support such a big business, but many companies are risky in the face of interests. Go and do it.
At this time, enterprises are facing serious debt problems. The debt problem is mainly reflected in two aspects: one is the money owed to the bank, and the other is the money owed to the supplier. This problem cannot be seen when the industry is developing at a high speed, but when the industry slows down or gradually becomes a level, the debt problem will become a gunpowder barrel. If it is slightly swaying, it will explode. Wang Peng said: "The registered capital is only three or four million, and the debt ratio is as high as one or two million. This is the performance of excessive use of financial leverage."
When Shenzhen Yiguang employees asked for their own salary, the representative of the business owner said that others still owe the company's money, and employees who want to pay can pay for the customers who owe the company money. This seems ridiculous, but it reflects the company's triangular debt problem, which is also common in other LED companies. Before the market was booming, many companies tried to expand their production scale, even if they did not have sufficient funds to pay the supplier's money. At the same time, in order to win more customers to relax their sales methods, extend the customer's payment time. This is a big problem for yourself or for the industry.
When some suppliers can't sit still, they will run against the company. The company can't collect the money owed by the customer, but it can't save the supplier's arrears. This will easily lead to the break of the capital chain, and the enterprise will face the risk of bankruptcy. It is. Listed companies also have such problems. It is only that the listed companies have sufficient funds and cannot be seen on the surface, but they can still see the problems from the company's financial statements. The ambitions and visions that had been closed before were all facing the same problem, and they failed because they could not be properly resolved.
The problem of Shenzhen Yiguang is also a problem that many LED companies need to face. Enterprises can not blindly pursue profits, control their own sales methods, not excessively indulge their own engineering loans, and advocate a healthy sales method in the industry. The company is responsible for the quality and performance of its products. At the same time, it is also responsible for its own finances. It is not too long for customers to lend money and control their own funds.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
On July 1, Shenzhen Yiguang employees filed an arbitration application with Shiyan, and hoped to get their wages from April to June through labor arbitration.
It is understood that Shenzhen Yiguang corporate legal person Li Bin has disappeared since June 8 and the company employees can not contact their boss. On June 17, the factory was basically in a state of suspension. At present, the company has no announcement.
The employees of the company said: "The boss owes the supplier a loan of one or two million yuan, and the boss is detained in Shantou. The factory still owes us three or four hundred thousand yuan in salary."
According to the reporter's on-the-spot observation, Shenzhen Yiguang, who went to the Arbitration Court, had more than 40 people from the grassroots employees to the enterprise deputy. Their unanimous view was that the enterprise would go bankrupt.
The reporter found on the official website of Shenzhen Yiguang Technology Co., Ltd. that Shenzhen Yiguang was incorporated in Shenzhen in 2006 with a registered capital of RMB 5 million. The company's LED display and LED lighting and software control system as the core technology, the main products are LED indoor and outdoor full color display, LED outdoor cabinet, LED display control system, LED lighting and so on.
Where is the reason for the closure?
What is the reason for the collapse of Shenzhen Everlight? Everyone knows that there is a problem with the capital chain, but there are different opinions on where the funds are.
Some enterprise employees said that it may be a failure of enterprise transformation. Before Shenzhen Yiguang was taking the product channel route, the profits obtained were relatively low. This year, the boss may want to transform into the research and development field and invest some money. For example, he has introduced a lot of high salary. Technical talent. Some said that the company's shareholder relationship is complicated and the company's management is chaotic. Some said that the cooperation of new projects failed, and other shareholders' withdrawals made Shenzhen Yiguang into a quagmire. Some said that the boss let the finances make false accounts and turned the money away.
According to the reporter, Shenzhen Yiguang is a company that provides LED display and cell board products and services. It produced full-color displays this year, but the industry responded in general. If the transformation is said, the company has not found any big handwriting, and most of the employees do not agree with the failure of the transformation. As for the failure of the cooperation project, there may be traces to follow.
In the past, there were rumors that Shenzhen Yiguang and Sichuan Baishi Optoelectronics cooperated to establish Baiyi Optoelectronics. However, Wang Peng, general manager of Baishi Optoelectronics Sales, denied this statement. According to Wang Peng, Baishi Optoelectronics had intentionally cooperated with Shenzhen Yiguang to build a production base, but the investors were all Baishi Optoelectronics. Money is mainly responsible for management. Later, when Baishi Optoelectronics reviewed the financial statements of Shenzhen Everlight, it found that Shenzhen Yiguang registered capital of three or four million, while the debt was more than 10 million. This is extremely abnormal, so there is no cooperation.
Excessive use of financial leverage
The financial statements do not reflect the other problem of Shenzhen Yiguang – excessive use of financial leverage, which is a common problem in the LED industry. In the past 08 to 12 years, the LED display industry has developed rapidly. Many companies use financial leverage to pursue market share. The company itself is not large enough to support such a big business, but many companies are risky in the face of interests. Go and do it.
At this time, enterprises are facing serious debt problems. The debt problem is mainly reflected in two aspects: one is the money owed to the bank, and the other is the money owed to the supplier. This problem cannot be seen when the industry is developing at a high speed, but when the industry slows down or gradually becomes a level, the debt problem will become a gunpowder barrel. If it is slightly swaying, it will explode. Wang Peng said: "The registered capital is only three or four million, and the debt ratio is as high as one or two million. This is the performance of excessive use of financial leverage."
When Shenzhen Yiguang employees asked for their own salary, the representative of the business owner said that others still owe the company's money, and employees who want to pay can pay for the customers who owe the company money. This seems ridiculous, but it reflects the company's triangular debt problem, which is also common in other LED companies. Before the market was booming, many companies tried to expand their production scale, even if they did not have sufficient funds to pay the supplier's money. At the same time, in order to win more customers to relax their sales methods, extend the customer's payment time. This is a big problem for yourself or for the industry.
When some suppliers can't sit still, they will run against the company. The company can't collect the money owed by the customer, but it can't save the supplier's arrears. This will easily lead to the break of the capital chain, and the enterprise will face the risk of bankruptcy. It is. Listed companies also have such problems. It is only that the listed companies have sufficient funds and cannot be seen on the surface, but they can still see the problems from the company's financial statements. The ambitions and visions that had been closed before were all facing the same problem, and they failed because they could not be properly resolved.
The problem of Shenzhen Yiguang is also a problem that many LED companies need to face. Enterprises can not blindly pursue profits, control their own sales methods, not excessively indulge their own engineering loans, and advocate a healthy sales method in the industry. The company is responsible for the quality and performance of its products. At the same time, it is also responsible for its own finances. It is not too long for customers to lend money and control their own funds.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
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