Ultra low price competition into a giant culprit optoelectronic debt 200 million lost contact with the boss

The evening of December 6th, WeChat has put the ring in Jiangmen by photoelectric hundreds of suppliers owed money after the news spread raise a Babel of criticism of. Subsequently, the market went abroad crystal optoelectronic parent company - Guangzhou giant bright photoelectric Polytron Technologies Inc (hereinafter referred to as the giant bright Optoelectronics) boss lost contact with hundreds of suppliers containment at the door.

According to the data provided by the supplier, and a subsidiary of giant optoelectronic co suppliers owed money totaling more than 200 million yuan, only chip supplier payment arrears is estimated as high as 50 million yuan, including Hua Lei, XiangNeng Elec-Tech domestic second chip companies are holding them off. Most of the other suppliers have been owed more than ten million.

The majority of suppliers complained the containment enterprises complain incessantly, "this is a huge amount of payment owed is already part of the enterprise net profit of more than two years in these suppliers. The more surprising is that the stakeholders also revealed that in recent years, the supplier of electricity supplier is a huge supplier of light is the norm, and some suppliers are even more than a year in arrears payment.

The chairman of the company, legal representative and other responsible person is currently in a state of loss. In addition to the huge supply of arrears of the supplier, the company hundreds of workers a few months of wages are owed. Currently, the police have been involved in the investigation, the suppliers hope to be able to find the person in charge of the giant photoelectric, an early settlement of arrears.

It is understood that the main products include LED light-emitting light-emitting module and LED lighting applications, etc.. Insiders said that the main industry is the giant bright lighting packaging devices, before the company's annual revenue is two hundred million or three hundred million yuan, ultra low price competition is the reason for the collapse of the giant bright photoelectric.

From the beginning of 2012, LED lighting terminal market price competition is becoming increasingly fierce, then some of the major companies in the industry with the advantages of scale to reduce costs, after attracting a large number of companies with low price competition after the giant light optoelectronics into the lighting field are also involved in this low price competition, the company's products than the same type of product market price even on the low of about 20%.

Insiders said, some large enterprises have a price advantage is that science and technology R & D capability and cost control ability, and improve supply chain system, but also do not have such a huge bright photovoltaic power, especially a fire at the end of 2012 to the company suffered heavy losses.

According to news reports at the time, the time of the fire occurred in November 6, 2012, the location of the fire on the third floor of the company point powder, solid crystal workshop, the accident burned area of 100 square meters, resulting in a total of 3 people were killed and 6 injured. After the accident, the Guangdong provincial government attaches great importance to production safety requirements, LED power amplifier board informed the province, warning, the accident also makes giant bright photoelectric vitality.

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