Andy Optoelectronics is going bankrupt, and the boss Yan Weifeng is running. Recently, this news has spread rapidly in Ningbo, Zhejiang Province, on the coast of the East China Sea.
The LED emerging industry, which has been high-profile, has stirred up thousands of waves because of the collapse of another company. Since last year, after the establishment of the bankruptcy, the “sadness†has spread from Guangdong to Zhejiang. Now, Ningbo Andy Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Andy Optoelectronics") seems to have reached the end of the road.
The reporter was informed yesterday (August 6) from Yuyao City within the jurisdiction of Ningbo that Andy Optoelectronics has filed for bankruptcy. The court has accepted the debtor’s bankruptcy application in July, and the relevant departments are handling it according to procedures.
"This is the best era, and it is also the worst era." This sentence is used to describe the current LED industry. On the one hand, there is a government as a promoter, and favorable policies are frequent. The development of the entire LED industry in China is non-stop; on the other hand, the economic growth rate is declining, the industry is overcapacity, and the hard-working SMEs are under unprecedented pressure to survive.
Andy Opto applied for bankruptcy
In Yuyao, a key industrial town in Ningbo in late July, the heat brought by the high temperature of 35 degrees Celsius hit the angle of this cloud-concentrated small manufacturing enterprise.
As early as May of this year, there were netizens posting on the Internet saying that "Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees four months' salary, and the chairman of the board Yan Weifeng has already run." The netizen also said that "the debt was owed in March last year." Billion, about three months to change the director, the electricity bill owes more than 100,000, it is estimated that it can not continue."
On July 27th, the reporter went to the site of Andi Optoelectronics, located in the industrial function zone of Lanjiang Street in Yuyao City. The entrance door was locked and the whole factory was empty. The entrance door was posted by Yuyao Water Supply Co., Ltd. in June. The notice for paying the water fee and the overdue payment of liquidated damages to stop (suspend) the water supply, the cost of a fire meter is 170 yuan, and the cost of a domestic water is 2817 yuan.
"On May 21, it has already been taken over." The reporter who said on behalf of the local government department to take over the factory on duty said that the entire factory of Andy Optoelectronics was empty, the workers were gone, and the inside of the entrance was posted. The notice of workers applying for wages states that "these money for wages are all padded by the government in advance."
Yesterday (August 6th), the "Ningbo Andy Optoelectronics Technology Co., Ltd. Current Situation" presented by the reporter of Lanjiang Street where Andy Optoelectronics is located showed that due to factors such as excessive investment, unsatisfactory sales growth and high financial costs, As a result of business difficulties, the company is insolvent. At present, the company has filed for bankruptcy. The court has accepted the debtor’s bankruptcy application in July, and the relevant departments are handling it according to procedures.
“The booth is too big, and there are more backlogs of semi-finished products in stock.†Weng Maoyuan, chairman of Zhejiang Lighting Association, said that the LED industry product technology is updated very quickly. If the product sales are not smooth, the backlog is more, within 3~6 months. Can not be sold, new products will eliminate the original products, dealers will return to the enterprise, resulting in a larger capital chain problem.
Once a star company
On the evening of July 27th, the sky gradually darkened. The reporter saw that although Andy Optoelectronics is on the verge of bankruptcy, stands in the "LED lighting integration supplier" of Andy Optoelectronics from the Hangzhou-Ningbo Expressway to and from Hangzhou and Ningbo. Corporate image billboards still stand prominently.
Andy Optoelectronics joined Ningbo Lighting Industry Association in 2009, and Secretary General Wang Linkang of Ningbo Lighting Industry Association said that the annual output value of Andy Optoelectronics is about 100 million to 200 million yuan. According to the data provided by Lanjiang Street in Yuyao City, in 2011, Andy Optoelectronics sold about 40 million yuan and the tax revenue was nearly one million yuan. Its products are both domestic and export.
Yuyao City did not respond to the question of whether or not Yan Weifeng, the representative of Andy Optoelectronics, “runs the road†and the amount of debt involved in the company so far.
Earlier, some media quoted the news of Lanjiang Street in Yuyao City. According to the company’s financial shortage, the employees’ wages were only paid to January this year, and they were unable to pay. However, Yan Weifeng did not run the road. The government has asked Yan Weifeng not to leave the country. A number of companies controlled by it have borrowed nearly 300 million yuan and are facing bankruptcy.
According to industry and commerce information, Yan Weifeng registered and established Andy Optoelectronics Co., Ltd. in 2005, which is a limited liability company (Taiwan, Hong Kong and Macao legal person-owned) company. The official website of the company shows that the company has a registered capital of 10.98 million US dollars. In the emerging field of LED lighting, it is not an exaggeration to say that Andy Optoelectronics is a dazzling star company. It has won many honors for technological innovation.
According to public reports, Ningbo Andy Optoelectronics Technology Co., Ltd. has won two awards in Ningbo, 2011, for its "silicone composition for manufacturing LED package glue" and "solar LED lighting device and solar cell". Invented the Innovation Award Silver and Bronze Awards, and won the 2011 Top Ten Innovation and Excellence Enterprise in Lanjiang Street, Yuyao City. According to industry insiders in Ningbo lighting industry, At present, Andy Optoelectronics has registered more than 200 domestic and foreign patents in LED packaging and lighting applications. In 2008, it was named the provincial patent demonstration enterprise.
On the other hand, “Andy Optoelectronics has been operating at high debt, bank borrowing is used to expand production plants, purchase equipment and technology research and development, and the problem of tight capital chain has always existed.†The industry said that Andy Optoelectronics claimed to be the company’s land. The area is 53,000 square meters.
“The products are well-known, but the market acceptance does not seem to be high.†A person who once worked in Andy Optoelectronics' market development in East China said. According to public information, Andy Optoelectronics mainly expands through markets such as Jiangsu and Shandong.
Just before the boss was run and the business situation was in crisis, Andy Optoelectronics just participated in the biennial session. At present, one of the world's largest international lighting and lighting trade fairs, the Frankfurt Lighting Fair in Germany, passed on to the outside world. product. Andy Opto said that at the exhibition, the company's newly developed track lights, panel lights, and new downlights were widely praised by customers. During the 6 days of the exhibition, more than 600 customers were received.
The LED emerging industry, which has been high-profile, has stirred up thousands of waves because of the collapse of another company. Since last year, after the establishment of the bankruptcy, the “sadness†has spread from Guangdong to Zhejiang. Now, Ningbo Andy Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Andy Optoelectronics") seems to have reached the end of the road.
The reporter was informed yesterday (August 6) from Yuyao City within the jurisdiction of Ningbo that Andy Optoelectronics has filed for bankruptcy. The court has accepted the debtor’s bankruptcy application in July, and the relevant departments are handling it according to procedures.
"This is the best era, and it is also the worst era." This sentence is used to describe the current LED industry. On the one hand, there is a government as a promoter, and favorable policies are frequent. The development of the entire LED industry in China is non-stop; on the other hand, the economic growth rate is declining, the industry is overcapacity, and the hard-working SMEs are under unprecedented pressure to survive.
Andy Opto applied for bankruptcy
In Yuyao, a key industrial town in Ningbo in late July, the heat brought by the high temperature of 35 degrees Celsius hit the angle of this cloud-concentrated small manufacturing enterprise.
As early as May of this year, there were netizens posting on the Internet saying that "Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees four months' salary, and the chairman of the board Yan Weifeng has already run." The netizen also said that "the debt was owed in March last year." Billion, about three months to change the director, the electricity bill owes more than 100,000, it is estimated that it can not continue."
On July 27th, the reporter went to the site of Andi Optoelectronics, located in the industrial function zone of Lanjiang Street in Yuyao City. The entrance door was locked and the whole factory was empty. The entrance door was posted by Yuyao Water Supply Co., Ltd. in June. The notice for paying the water fee and the overdue payment of liquidated damages to stop (suspend) the water supply, the cost of a fire meter is 170 yuan, and the cost of a domestic water is 2817 yuan.
"On May 21, it has already been taken over." The reporter who said on behalf of the local government department to take over the factory on duty said that the entire factory of Andy Optoelectronics was empty, the workers were gone, and the inside of the entrance was posted. The notice of workers applying for wages states that "these money for wages are all padded by the government in advance."
Yesterday (August 6th), the "Ningbo Andy Optoelectronics Technology Co., Ltd. Current Situation" presented by the reporter of Lanjiang Street where Andy Optoelectronics is located showed that due to factors such as excessive investment, unsatisfactory sales growth and high financial costs, As a result of business difficulties, the company is insolvent. At present, the company has filed for bankruptcy. The court has accepted the debtor’s bankruptcy application in July, and the relevant departments are handling it according to procedures.
“The booth is too big, and there are more backlogs of semi-finished products in stock.†Weng Maoyuan, chairman of Zhejiang Lighting Association, said that the LED industry product technology is updated very quickly. If the product sales are not smooth, the backlog is more, within 3~6 months. Can not be sold, new products will eliminate the original products, dealers will return to the enterprise, resulting in a larger capital chain problem.
Once a star company
On the evening of July 27th, the sky gradually darkened. The reporter saw that although Andy Optoelectronics is on the verge of bankruptcy, stands in the "LED lighting integration supplier" of Andy Optoelectronics from the Hangzhou-Ningbo Expressway to and from Hangzhou and Ningbo. Corporate image billboards still stand prominently.
Andy Optoelectronics joined Ningbo Lighting Industry Association in 2009, and Secretary General Wang Linkang of Ningbo Lighting Industry Association said that the annual output value of Andy Optoelectronics is about 100 million to 200 million yuan. According to the data provided by Lanjiang Street in Yuyao City, in 2011, Andy Optoelectronics sold about 40 million yuan and the tax revenue was nearly one million yuan. Its products are both domestic and export.
Yuyao City did not respond to the question of whether or not Yan Weifeng, the representative of Andy Optoelectronics, “runs the road†and the amount of debt involved in the company so far.
Earlier, some media quoted the news of Lanjiang Street in Yuyao City. According to the company’s financial shortage, the employees’ wages were only paid to January this year, and they were unable to pay. However, Yan Weifeng did not run the road. The government has asked Yan Weifeng not to leave the country. A number of companies controlled by it have borrowed nearly 300 million yuan and are facing bankruptcy.
According to industry and commerce information, Yan Weifeng registered and established Andy Optoelectronics Co., Ltd. in 2005, which is a limited liability company (Taiwan, Hong Kong and Macao legal person-owned) company. The official website of the company shows that the company has a registered capital of 10.98 million US dollars. In the emerging field of LED lighting, it is not an exaggeration to say that Andy Optoelectronics is a dazzling star company. It has won many honors for technological innovation.
According to public reports, Ningbo Andy Optoelectronics Technology Co., Ltd. has won two awards in Ningbo, 2011, for its "silicone composition for manufacturing LED package glue" and "solar LED lighting device and solar cell". Invented the Innovation Award Silver and Bronze Awards, and won the 2011 Top Ten Innovation and Excellence Enterprise in Lanjiang Street, Yuyao City. According to industry insiders in Ningbo lighting industry, At present, Andy Optoelectronics has registered more than 200 domestic and foreign patents in LED packaging and lighting applications. In 2008, it was named the provincial patent demonstration enterprise.
On the other hand, “Andy Optoelectronics has been operating at high debt, bank borrowing is used to expand production plants, purchase equipment and technology research and development, and the problem of tight capital chain has always existed.†The industry said that Andy Optoelectronics claimed to be the company’s land. The area is 53,000 square meters.
“The products are well-known, but the market acceptance does not seem to be high.†A person who once worked in Andy Optoelectronics' market development in East China said. According to public information, Andy Optoelectronics mainly expands through markets such as Jiangsu and Shandong.
Just before the boss was run and the business situation was in crisis, Andy Optoelectronics just participated in the biennial session. At present, one of the world's largest international lighting and lighting trade fairs, the Frankfurt Lighting Fair in Germany, passed on to the outside world. product. Andy Opto said that at the exhibition, the company's newly developed track lights, panel lights, and new downlights were widely praised by customers. During the 6 days of the exhibition, more than 600 customers were received.
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