On August 15, Shenzhen Shifang Optoelectronics Co., Ltd. was revealed that the company was swindling a supplier of 80 million yuan and owed 220 employees two months of wages on the verge of bankruptcy. Subsequently, the company was confirmed to suspend production and close down. Shifang Optoelectronics is mainly engaged in LED display screens and other businesses. The company's closure means that two display companies have ceased production and shut down (the other is Shenzhen Yiguang) in just over a month. The reshuffle in this area has not ended.
According to incomplete statistics, since July this year, five LED companies have closed down in Zhongshan and Shenzhen alone. These collapsed companies are involved in hundreds of suppliers, which makes the negative effects spread out in a wave.
Shenzhen Leixing Optoelectronics Co., Ltd., which recently closed down, is an enterprise that is directly dragged down by arrears. According to reporters, this company was established in April 2010. Before the collapse, 1 million yuan of payment was delayed and the upstream supplier kept urging payments, which caused the capital chain to break.
The problem of the capital chain has caused a high degree of vigilance in the banking sector. There are public reports that the Guangdong branch of a large bank has notified the sub-branches of the organization urgently to warn of the risks of the LED industry. The branch believes that the investment scale of the LED industry is growing rapidly, the overcapacity situation is outstanding, and systemic risks are emerging.
In fact, the broken capital chain is just the last grass that crushed the camel. The small scale of the enterprise, lack of strength, and poor ability to resist risks have already laid the groundwork for these failures. In the case of high labor and raw material costs and the overall overcapacity of the LED industry, the survival of small and medium-sized enterprises without capital, scale and cost advantages is becoming more and more difficult. Industry insiders expect that the industry will reshuffle more and more, and then there may be continuous orders from large companies, and small companies will dump another batch.
Behind the triangular debt of the LED industry: 14 listed companies have high receivables
On August 27, LED industry company Wanrun Technology (002654, SZ) released its semi-annual report. The company achieved operating income of 202 million yuan, a slight increase of 2.82% year-on-year. However, the company's accounts receivable amounted to 123 million yuan, more than half of revenue, an increase of 14.99% compared with 107 million yuan at the beginning of the year.
According to the statistics of the 14 key listed companies in the LED industry that have released the semi-annual report, it is found that the receivables of these 14 companies in the first half of the year have increased from the beginning of the year, and the highest increase has reached 40%.
Among these 14 companies, the highest increase in accounts receivable is Ruifeng Optoelectronics (300241, SZ). This company with revenue of 294 million yuan in the first half of the year has account receivables of 163 million yuan, an increase of 40.20 from the beginning of the year. %.
Chau Ming Technology (300232, SZ) account receivables also increased by a large amount. At the beginning of the year, the data was 107 million yuan, and the data released in the semi-annual report increased to 146 million yuan, an increase of 35.67%.
The smallest increase was by Lianjian Optoelectronics (300269, SZ). At the end of the first half of the year, the data was 245 million yuan, an increase of only 0.95%. However, from the perspective of the comparison of operating income, the company's operating income for the first half of the year was 254 million yuan, which is almost equal to accounts receivable. The company's key risk warnings specifically mentioned financial risks, saying that the company's accounts receivables continued to grow in size. During the reporting period, accounts receivables accounted for more. Excessive accounts receivable increase the use of working capital, which is not conducive to the improvement of operating efficiency, and may also cause bad debts and loss to the company.
Statistics found that the total accounts receivable of these 14 companies reached 5.12 billion yuan, while the opening balance was 4.294 billion yuan, an increase of 19.24% within six months.
On the one hand, the money owed to others by others is increasing, and on the other hand, the money owed by others is also increasing. Of the 14 key LED companies, 10 companies have increased accounts payable, and the growth rate of individual companies has even reached several times.
Huacan Optoelectronics (300323, SZ) has the largest growth rate. The company's accounts payable was 0.58 billion yuan at the beginning of the year and jumped to 203 million yuan in the first half of the year, an increase of 251.01%. According to the company, the increase in accounts payable was mainly due to the increase in equipment payments that were not due for payment.
Overall, the accounts payable at the beginning of the 14 companies totaled 2.897 billion yuan. By the end of the first half of this year, this data had increased to 3.343 billion yuan, an increase of 15.40%.
Analysts pointed out that although generally speaking, after the scale of an enterprise becomes larger, the corresponding receivables and payables will increase correspondingly, but if these two figures show a large increase, or the receivables account for a large proportion of operating income , You should be particularly vigilant about the triangular debt problem in the industry.
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Warnings:
1.lndoor use only.
2.To avoid being damaged,do not use water or drip irrigation while using.
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5.Highly hang the lamp will weaken the energy and affect the growth cycle of the plants, so the lamp should not be hung too high.
6.While taking care of the plants, please spray the leaves and branches 2-3 times everyday,to ensure the the plants do not wrinkle a wither, and have no phenomenon of few fruit, and hard pericarp.
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Tell you the truth at the end
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Truth 2
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Truth 3
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Shenzhen Phlizon Technology Co.,Ltd. , https://www.philizon.com