Product Maintenance

LED company "cash flow" confusion and redemption

For the LED industry, capital chain is regarded as arch-criminal industry towards the end, which is the enterprise for cash flow control caused by inadequate, but recently, a number of LED enterprise cash flow down debt and the collapse of the frequent occurrence of. Cash is king, LED for most companies, the cash flow is more important. In the period of consolidation of the industry to prepare sufficient funds to do a good job in advance cash flow planning in order to nip in the bud.

The background analysis of LED enterprise cash flow crisis

1 industry inferiority -- the ups and downs of government policy

In a government promotion and developed industries will exist congenitally deficient, LED industry in ten years ago by the government to pull into the key development projects around industrial park such as bamboo shoots after a spring rain, but development gangbusters, ten years later, when we look back again when the industry, although the result is not cheap, but the problem is not small if the government does not intervene, industry, so I think today's LED industry may be another situation.

Today, when the government began to reflect on the industry, many of our companies have expressed unease, which is a few degrees of self-confidence, but also the performance of the government in the industry to promote self-confidence. Take Guangdong, Guangdong is the most active to promote industrial development in Guangdong Province, to support the development of LED industry strength, the country had little, but this was the birth of Guangdong become the leading LED at the same time, also controversial. Data show that in 2012, Guangdong LED output value of up to 150 billion yuan, accounting for the proportion of the country over the same period of 205 billion 900 million yuan more than $70%. At present, more than 6000 enterprises in Guangdong province LED. However, Guangdong province is still in LED the lack of core competitiveness, bring serious pressure on production capacity of LED industry, and the real cause of industry confidence events on two things, first, Guangdong LED Shenzhen City occupy half of the country, released in March this year, the Government Gazette, abolished the 2009 introduction of the "issued by the development of the LED industry the planning of Shenzhen city (2009 - 2015) of the notice". Although Shenzhen denied a few abandoned LED industry, but Shenzhen has no substantial support policies released. Second, Party Secretary of Guangdong provincial science and Technology Department, director Li Xinghua alleged serious disciplinary problems, accept the organization investigation. After these two events occurred in the industry is active, an industry actually pan politicized so serious, which shows the depth of criticism, which shows not confident to what extent.

In addition to government subsidies to the industry anchaoyongdong many enterprises such as love and hate, unable to stop. Access to subsidies is one of the fastest and best way to solve the problem of cash flow, but behind the subsidies to create unfair business, it is inevitable corruption and backdoor phenomenon. In principle, the mature industry is regulated by the market, but the LED industry in the eyes of the government still belongs to an important industry, so the government considers appropriate regulation is necessary. But LED is finally going to abandon the government's market-oriented road.

Turbulence of the 2 industry -- enterprise collapse

After several years of singing all the way, the sequela of LED industry constantly emerge, the reshuffle continues, the industry is volatile and developing, its main theme is still the development, but unrest in this period is quite obvious. It seems to collapse, run away, integration and re composition of the current main melody. The following figure is a representative of the significance of the fall of the enterprise.

The male is like fallen victim of low-end price war, not only in a lower minimum disorderly competition, price in the fight is the cash flow, according to suppliers, xiongji start lamps prices somewhat rational, with a 3W LED bulb for example, priced at 5 yuan so, this price also some meager profits, but later, xiongji out of the price is only 3.8 yuan. The suppliers can't even make up for the cost. This is one of the current chaos in the industry, the same product has a gap of 3 yuan to $300, which is extremely unreasonable industry phenomenon. As with Shenzhen Haobo billion light is the industry leader, but the collapse is A rout is like a landslide. collapsed, eventually the key cash flow problems. The surface of the problem is the excessive expansion of Shanghai scheckter, in short the collapse of the core reasons of non cash flow is the enterprise.

3 enterprise panic - Bank warning cut off the capital chain

It is reported that the Guangdong LED industry overcapacity and the collapse of part of the force of a state-owned big firms in Guangdong Province branch has issued an emergency notice, the content is about "in recent years, the rapid growth of LED industry, the scale of investment, overcapacity prominent, systemic risk appears. "At the same time the subordinate branch of the branches of the LED industry stock customer credit investigation, and in August 2nd before the details of the investigation, the disposal methods of quasi credit situation and risk response, reporting. It is understood that there are other banks have also been noted that the risks associated with the risk of its subordinate branch and customer manager tips to tighten credit and credit, debt collection, etc.. This LED enterprise is undoubtedly worse, or even a fatal blow. The bank Xianpinaifu naked show, China has always been small and medium enterprises because of low efficiency, high risk and the integrity of the enterprise is low, and many banks are reluctant to give loans to small and medium-sized enterprises or give a small amount of loans. But the enterprise to develop, capital is indispensable "blood". Companies had to turn their eyes to finance,

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