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More than 80 LED business closed Jun Doorly restructuring programs released

sourceShenzhen Economic Daily

publisherMore than 80 LED business closed Jun Doorly restructuring programs released

time2011/11/03

Shenzhen News Net, October 26 (Shenzhen Economic Daily reporter
The Suhai Jiang Liu Jinyu intern Xie Hui Sin) Jun Doorly boss "on foot" event, shake the industry, Shenzhen LED business of living conditions? In recent days, the reporter visited the relevant rows

Industry associations, research institutes, October 24 Shenzhen Semiconductor Lighting Industry Development Association (hereinafter referred to as the Association for the Promotion) specifically for the Shenzhen Economic Daily, exclusive to convene experts and scholars, discussions of the person in charge of the well-known enterprises in the industry, specifically to discuss the current Shenzhen LED industry is facing the plight and future of the way out. The reporter was informed from the forum this year, Shenzhen has more than 80 LED companies quietly closed down or winding up.

The early relocation of signs in the enterprise

Forum, the Council for the Promotion Honorary President Wang Dian-fu On Jun multi-stand collapse, like TV manufacturers original National has more than 300, the last only six, Shenzhen, more than 1,300 LED companies can never be survive, there must be a number of enterprises fell. According to his survey, this year, Shenzhen, more than 80 LED business bankruptcy or winding-up, just because Jun Doorly larger scale, Chairman Mao Guojun, "on foot" to set off such a large storm.

Wang Dian-fu said more than 80 LED businesses closed, other companies choose the relocation. Reporter interview Promotion Association Deputy Secretary-General Baoen Zhong Prior to the seminar learned that, at present, Shenzhen has dozens of LED companies relocated overseas. In December last year, Jia Tai Group relocated their production base to Ji'an, Jiangxi; in June this year, Shenzhen Lehman Optoelectronics Technology Co., Ltd. opened an industrial park in Huizhou; This month, Technology Optoelectronics Co., Ltd. of Shenzhen City built in Huizhou Park start production in Shenzhen, the only in the upstream chip and the LED wafer production enterprises Orient as early as its wafer production transferred to Jiangmen. In addition, according to the Council for the Promotion grasp the dynamic display, as well as dozens of companies ready to relocation.

LED industry in Shenzhen China LED synonymous, while Shenzhen's position in the domestic LED industry is declining. "Chaiguang Yue Professor of Optoelectronics, Shenzhen University Science and Technology Department spoke Shenzhen LED industry status quo forum, not without concern," once LED synonymous with China, Shenzhen LED output value accounted for 70 percent of the country has dropped to 1/3, 1/5 to 2020 accounted for all into question. "

The face of international patent litigation

Shenzhen Poly for Industrial Co., Ltd. is a Japanese LED giant Nichia Chemical Industries, Ltd. in China's best customer, and its products in Japan has a broad market. Gather for Industry chairman Xiao Ling said: Nichia is very straightforward to tell us, 'Now you small, as long as the product is no good core patents we are not investigated, but the future you have a bigger, we will certainly prosecute'. "Xiao Ling recommend the early enactment of the industry standard for compliance with international norms, otherwise, many companies will face the fate of the litigation by international peers.

It is understood that the LED upstream chip production technology lies in the hands of foreign companies, slow the process of domestic technology, lack of core technology directly restricts the development of this industry. Shenzhen, for example, the 1350 LED business in Shenzhen, but only the Orient an enterprise engaged in the upstream chip and wafer production, the others in the middle and lower reaches of packaging and application of small and medium-sized enterprises, and most of the technical and R & D investment is not enough.

Calls for the "visible hand" to support

Interview, the reporter learned that, the LED as a new industry nearly 10 years of very rapid development of industrial output value growth rate of more than 30 percent every year, the national industry-wide output of 120 billion yuan in 2010, Shenzhen, 40 billion yuan this year , the country is expected to reach 150 billion yuan, Shenzhen is expected to reach 50 billion yuan. In particular, LED lighting, as another light source revolution of the human, after a comprehensive alternative to incandescent lamps, LED lighting will show a geometric progression growth. However, is such an industry has a bright future, why was it in Shenzhen, a little decline it?

Forum, experts, scholars, industry bigwigs analysis, which of course have the influx of capital resulting in fierce competition in the industry, the U.S. financial crisis and debt crisis in Europe caused by poor external environment related to, but the industry, the lack of rational planning, government support is not enough I am afraid of the important factors.

Bombel chairman Li Sheng far Now, they say that LEDs have been doing bad. Do rotten not because the industry is not good, but "artificial" results. This has two aspects: First, the enterprise level, this and corporate integrity, strategic positioning and R & D investment three questions. Many companies see today do the display to make money to do the display, see the street light to make money to do the street lights do not have a main business, such enterprises die strange. "The key of LEDs in the core patents, Philips year R & D expenditures of $ 50 million, Shenzhen R & D expenditures of all the LED business together I'm afraid not so much.

The second is the government level. March 7, 2009, Shenzhen City, the first in the country issued a "Shenzhen LED Industry Development Plan (2009-2015)", "Shenzhen to promote energy-efficient semiconductor lighting (LED) product demonstration project implementation plan", "Shenzhen City promote the development of semiconductor lighting industry a number of measures "and other series of documents. Policies, we are really passionate, but the policy did not put in place, policy implementation, lack of coherence, Shenzhen LED industry enthusiasm but now not as good as other places. "The deputy director of Shenzhen, Tsinghua University Graduate School of semiconductor lighting laboratory money can be also said: "On the policy side, Shenzhen, walk in front of the LED in the national hot, Shenzhen contrary, surprisingly calm."

Baotuan conquer the world of deep enterprise ready

At the forum, the way out of Shenzhen LED, experts, academics, industry bigwigs have put their own insights, but they put it up is "Baotuan development

Wang Dian-fu said that the Shenzhen LED in order to continue leading the country, under the internal strength of technological innovation, improve product quality is a priority. Currently, LED is to create a stage of transition to the phase of adjustment, the future of the industry reshuffle is inevitable, the closure is normal. In this case, Baotuan conquer the world, the ongoing restructuring, the integration is very important.

Association for the Promotion Secretary-General of mortals, said in an interview with reporters after the Baotuan development is responsive to this requirement, determine the Council for the Promotion of future priorities in the recently held Council, the Council for the Promotion decisions: set up before the end of three entities: the establishment of Energy Conservation Investment Corporation, the establishment of joint purchasing, joint marketing platform to help enterprises to reduce production costs, market development; the establishment of the industrial fund management company, to solve the funding problem for independent innovation and growth companies; the establishment of the management company of professional managers, talent as the industry to management, for enterprises to solve the shortage problem of the high-end talent.


Jun legislation restructuring program released

Shenzhen to create China's first case to come forward by the industry associations to deal with China-prime crisis

Suhai Jiang Liu Jinyu, Shenzhen Economic Daily, Reuters (reporter) Shenzhen Economic Daily, Jun sustained attention and more legislation boss Paolu "event has progressed. Yesterday, Shenzhen Semiconductor Lighting Industry Development Association (hereinafter referred to as the Association for the Promotion) exclusively to the newspaper sent the just-released "Shenzhen Jun Li Enterprise Group's restructuring plan. At this point, Shenzhen has created the first case of mortgage crisis to come forward to deal with China by industry associations.

Association for the Promotion after the right Jun Li Prior to the production and operation and liabilities to conduct a thorough investigation, repeatedly multi-Jun Li creditors discussion consultation to ensure that the creditors, suppliers and Jun Doorly loss to a minimum. Jun Doorly reorganization proposal has been generally agreed with most of the creditors, and has been the Shenzhen Branch Trade and Industry and Information Commission, the Shenzhen Municipal Finance Office, Bao'an District, Economic Promotion Bureau, Tai Street Office, the judiciary and Jun Li by case of rental property owners, and suppliers support the Association for the Promotion released the above-mentioned restructuring plan.

Under the program, the Council for the Promotion will first set up a "shell" company (entity), Mao Guojun and his son under the name of the shares transferred to the company. Secondly, the establishment of a creditors' committee. Creditors request, the Foundation will hire a professional accounting firm on Jun Doorly and Mao Guojun asset audit. The creditors will be the debt is the number of shares after the reorganization of Jun more established according to the proportion of shares. Meanwhile, the establishment of a creditors' committee, a meeting of creditors to exercise the rights and interests of the shareholders, to become the highest authority of Jun more than legislation.

Again, the claims of creditors more than one million yuan to the reconstituted Jun more than up to become shareholders. Collateral creditors priority to get back the principal; but also to the creditors without collateral to a variety of options: you may only get back the principal is very low discount if the creditor is a one-time end; if the creditors want to get back the entire principal, you need to 3 to 4 years or longer.

Finally, the restructuring of the organizational structure. Mao Guojun intends to continue to serve as CEO of the reorganized company, unanimously adopted by the creditors. Mao Guojun as chief CEO is responsible for the company's technology research and development, production and marketing and coordination of internal and external relations, the company's capital, financial, procurement and cost contracts, and other important matters by the creditors' committee and sent by the executive, CEO and Chief Financial Officer Management. Both monthly report to the creditor committee in accordance with the resolution of the creditors committee (the shareholders), the company's operating situation.

Creditors' committee as the highest authority of the reorganized company, the creditors enjoy all the benefits and rights and obligations of the shareholders: after the reorganization, the multi-Jun up to creditors to pay interest equivalent to the normal lending rates of banks; in order to smoothly through the restructuring, Jun Li to creditors to pay interest on interest-free period of six months, to ensure Jun more than legislation to restore adequate flow of funds during production; restructuring, Mao Guojun the right to recovery of the share capital, redemption period of three years, but a prerequisite must be to pay off creditors debt holding, before the shares after the reorganization Kwan and more established companies, such as profitability, will creditors share share dividend in less than 50%;

Scheme for the restructuring objectives are: Jun multi-restructuring legislation after the target time of three years: the first year, six months to enable enterprises to resume production and normal operations, reduced losses within a year; the second year, the Balance of Payments; the third year to achieve profitability. To achieve this goal, the Council for the Promotion will seek the help of all aspects of recruit talent; Jun after the reorganization of multi legislation based on the existing production plant, equipment and other hardware conditions to further improve the production conditions; to raise liquidity.

Jun multi-stand "on foot", chairman of an exclusive meet with the Shenzhen Economic Daily reporter

The vigilance LED into the next DVD industry

Shenzhen Economic Daily reporter Suhai Jiang

Jun multi-up "on foot" Chairman Mao Guojun exclusive meeting with Shenzhen Economic Daily reporter on October 23, take the initiative to show the community on foot thing. " The arrangement of Shenzhen Semiconductor Lighting Industry Development Association, this afternoon, reporters at the Wuzhou Guest House cafe to see a suit slightly haggard Mao Guojun. After review of the incident, repentant, he called organic LED industry, scientific planning, to prevent the LED to become the next DVD industry.

Repentance: apologize to the injured person

Mao Guojun first expressed three feelings: First, apologies. To the Government, partners, suppliers, employees, trade associations, family deeply apologize. Jun multi-stand the matter out of concerns about the LED industry prospects are in the process of bank lending procedures in Shenzhen, a number of LED enterprises encounter the banks to suspend lending, he said. Jun established event adverse impact on the industry, he expressed deep regret.

Second, thanks. Jun multi-stand after the events, the Government, the Council for the Promotion in a timely manner to lend a helping hand, Jun-established asset never been subjected to vicious looting.

The third is confidence. After the bitter experience, Mao Guojun decided to fall from where from where to get up, do not live up to the expectations of creditors multi-Jun legislation restructuring despite the reorganization of the road will not be easy, but I would whole-heartedly, from start to finish to do a good job of the corporate restructuring, reproduce Jun multi- Li brilliant. "

Review: once thought of jumping

Mao Guojun told reporters that the "on foot" went to Japan, returning on October 7 in Dalian for a few days, returned to Shenzhen on October 13. The reason why the running, is a certain inconvenience to say the pressure to force the results.

Mao Guojun analysis of the cause of the incident, said Jun multi-stand the crisis is not a fortuitous event. One reason that the internal management of a vulnerability. Since the beginning of this year, as the company chairman, the main focus on the Chengdu project, and Jun Li listed such things as the company's internal management handed over to a vice president, which caused the fault of corporate culture. May this year, the company moved from the streets of Shiyan, Baoan Wentao Technology Park, Building B commercial Langkou community Baolong Village Tyrone move the past few months, the company has little output, and the resulting tight liquidity. The details of the control is too coarse. Think their own ERP management is very fine, this time to Japan examines the way some companies EIP management, only to find themselves far worse. After graduation from the technical to business to the management, but I'm still far not graduated from community college, the management of a lot of things to deal with them too simple. "

See reports all the assets, was closed down on October 10, Mao Guojun said overnight from the sky fell to the ground, up to now only 30,000 yuan of living expenses worth hundreds of millions. Mao Guojun admitted that he had thought of jumping off buildings, even now, despite the Council for the Promotion eager to help his reorganization Jun established that he saw hope, but he still is not completely free from the incident shadow out.

Mao Guojun community a profound reflection of the various problems in the development process of the entire LED industry, the development of new ways to explore a private SMEs. "If these problems can be solved, even though I am poor, but also no regrets, Jun Doorly also live up to this crisis."

Mao Guojun said, see LED as the prospect of new industries, but not the LED, the speculation ... various people coming to kill the market of fake and shoddy, the capital of a lot inside smashed, dug between enterprises talent, stealing technology flooding, so a vicious cycle. Mao Guojun and even told reporters: LED lighting technical content? You can do, you can go here to buy the chip, where to buy a lamp with a welding torch assembly on the line. "

Mao Guojun At present, the LED industry, there is no planning, no one coordination Take EMC (Energy Management Contract), the domestic implementation of the five-year, but so far not a prospect of a solution, many companies see policies to encourage the prospect of the industry, reached the large-scale, but are planted inside.

Mao Guojun called for the LED industry, organic, scientific planning, encourage enterprises to research and innovation, rely on patents to speak, the ability of enterprises to carry out the consolidation in the industry. "Otherwise, the LED next to a DVD industry. Without a year, the industry will be disastrous fundamental changes." Mao Guojun said.