It is reported that at present, NVC's production bases in Wanzhou, Chongqing and Huizhou, Guangdong are facing the dilemma of unproductive materials, and are on the verge of suspension. "There is not much material left in production now. It is just two days to stop production." Yesterday (August 15th), a person surnamed Wang Shi of the NVC base told reporters on the phone that although the Wanzhou factory is still in normal production, However, the pressure on the factory production caused by the cessation of supply by more than 20 suppliers is on the verge of breaking out. Relevant persons from the Huizhou base in Guangdong also bluntly said that according to the current inventory, factory production is difficult to continue.
In fact, a few days ago, insiders said that after more than 20 suppliers stopped supplying, NVC stocks could only maintain the production of the factory for about 4 days.
NVC’s unnamed executives also said that at present, NVC’s production bases in Shanghai’s Qingpu, Zhejiang Jiangshan, Chongqing Wanzhou and Guangdong’s Huizhou are threatened to stop production to varying degrees. The Wanzhou base is particularly demanding for raw materials.
However, NVC Lighting announced on the evening of the 14th that NVC lighting Wanzhou and Huizhou factories have a total of 50 core raw material suppliers, but only 25 said that they will no longer supply NVC in the future. It is expected that the existing inventory of the plant will be sufficient to sustain production for a period of time. If this situation cannot be resolved, the company will find a suitable alternative supplier.
In response, the above-mentioned executives said that the content of the announcement did not match the actual situation. “The 25 suppliers who expressed their reluctance to supply NVC are major customers, accounting for 80% of the total supply system. This announcement did not investigate the actual operation of the company. I will post an announcement, and I personally think it is irresponsible."
At the same time as the "fire" in the upstream, the downstream part of NVC lighting began to have problems. A dealer in Heilongjiang admitted that this year's sales performance of NVC declined significantly compared with previous years, and the dealer team was "disorganized." Insiders pointed out that if NVC is out of stock for another half a month, all provincial dealers will face the risk of channel customer loss. By then, NVC's "leading position" in the industry is likely to be unprotected.
On August 15, NVC officially ended its one-month suspension and began to resume trading. However, as expected, the first day of the resumption of trading, NVC's share price plummeted. Closed at 1.01 Hong Kong dollars / share, the decline reached 28.37%.
In this regard, NVC insiders believe that the board of directors should still insist on resumption of trading if it should be able to predict the stock price crash. The purpose of the company is to short the share price of NVC, expand its shares in NVC, and consolidate its actual control.
In addition, in response to questions about the smuggling of options, and the question of not being honest and not responding on time, NVC officially responded that: when NVC went public in 2010, it was publicly disclosed in the prospectus, Yan Helin Hei, respectively Holding 27.5 million NVC lighting stocks, this part of the stock is an interest in the share options. A share option certificate is a long-term option issued by a company that allows a holder to buy a given number of shares at a specific price, usually to the company's executives and directors. It can be said that each of NVC's non-independent directors has an option of varying amounts.
In fact, a few days ago, insiders said that after more than 20 suppliers stopped supplying, NVC stocks could only maintain the production of the factory for about 4 days.
NVC’s unnamed executives also said that at present, NVC’s production bases in Shanghai’s Qingpu, Zhejiang Jiangshan, Chongqing Wanzhou and Guangdong’s Huizhou are threatened to stop production to varying degrees. The Wanzhou base is particularly demanding for raw materials.
However, NVC Lighting announced on the evening of the 14th that NVC lighting Wanzhou and Huizhou factories have a total of 50 core raw material suppliers, but only 25 said that they will no longer supply NVC in the future. It is expected that the existing inventory of the plant will be sufficient to sustain production for a period of time. If this situation cannot be resolved, the company will find a suitable alternative supplier.
In response, the above-mentioned executives said that the content of the announcement did not match the actual situation. “The 25 suppliers who expressed their reluctance to supply NVC are major customers, accounting for 80% of the total supply system. This announcement did not investigate the actual operation of the company. I will post an announcement, and I personally think it is irresponsible."
At the same time as the "fire" in the upstream, the downstream part of NVC lighting began to have problems. A dealer in Heilongjiang admitted that this year's sales performance of NVC declined significantly compared with previous years, and the dealer team was "disorganized." Insiders pointed out that if NVC is out of stock for another half a month, all provincial dealers will face the risk of channel customer loss. By then, NVC's "leading position" in the industry is likely to be unprotected.
On August 15, NVC officially ended its one-month suspension and began to resume trading. However, as expected, the first day of the resumption of trading, NVC's share price plummeted. Closed at 1.01 Hong Kong dollars / share, the decline reached 28.37%.
In this regard, NVC insiders believe that the board of directors should still insist on resumption of trading if it should be able to predict the stock price crash. The purpose of the company is to short the share price of NVC, expand its shares in NVC, and consolidate its actual control.
In addition, in response to questions about the smuggling of options, and the question of not being honest and not responding on time, NVC officially responded that: when NVC went public in 2010, it was publicly disclosed in the prospectus, Yan Helin Hei, respectively Holding 27.5 million NVC lighting stocks, this part of the stock is an interest in the share options. A share option certificate is a long-term option issued by a company that allows a holder to buy a given number of shares at a specific price, usually to the company's executives and directors. It can be said that each of NVC's non-independent directors has an option of varying amounts.
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