In recent years, with the bankruptcy of low-end market enterprises and the phenomenon of bosses running, and the recent tightening of banks, the chances of small and medium-sized LED companies obtaining bank credit are very low, and financing has become extremely difficult.
Therefore, most LED companies specializing in the low-end market have established cooperation with upstream suppliers, relying on credit to ensure the turnover of enterprises, that is, while allowing the downstream raw materials suppliers to write off, while allowing downstream customers to owe money to maintain long-term orders. . However, this triangular debt chain is affected by various uncertain factors such as unstable sales market and falling profit margin, and may break at any time.
Warning light, running, bank, risk, red light
On August 14, Shenzhen Gongming Labor Management Office issued a notice saying that Shifang Optoelectronics defaulted on the wages of 220 employees from June 1, 2013 to July 31, 2013. The legal representative of Shifang Optoelectronics, Deng Junguo, still does not cooperate. Relevant government departments coordinate and handle, according to relevant laws and regulations, if Deng Junguo does not contact the relevant staff of the Gongming Labor Management Office within 3 working days after the announcement, and immediately returns to the company to deal with the arrears of employees' wages, etc., will be investigated legal liability. On the 19th, the staff of the Gongming Labor Management Office told reporters that Deng Junguo still did not show up, "preliminarily confirmed that he has already run."
This is since July this year, following the suspension of Zhongshan Xiongji Lighting Factory, Zhongshan Shihao Epi-crystal Factory and Shenzhen Yiguang Technology Co., Ltd., another small and medium-sized LED company has stopped production.
Just as the LED lighting industry looms the market's warming signal, Zhongshan Xiongji, Leijing Factory, Shenzhen Yiguang's sudden collapse has once again made many small and medium-sized LED companies have a tight heart, and the low-end market seems to be paying pains for its "crazy price". lesson.
Under the pressure of severe overcapacity, Guangdong, which occupies more than half of the country's LEDs, has experienced the risk of large LED companies failing. At the same time, there is also a branch of the state-owned Guangdong Branch to urgently notify subordinate branches to warn of systemic risks.
The reporter also learned that other banks have also noticed the risks involved, and issued risk warnings to their subordinate branches and account managers. They intend to tighten credit and credit, and collect debts.
For a long time, the LED market represented by Zhongshan Guzhen has always been labeled as “chaotic and poorâ€. Many local small-scale LED manufacturers are often criticized by the industry for their low production strength and low technical content. On the other hand, its ultra-low product prices have made many domestic distributors and purchasers regard it as a wholesale treasure.
In the past two years, more and more traditional lighting factories have been transformed into LED lighting. Small and medium-sized LED lighting companies have also blossomed everywhere. In order to survive, enterprises will not hesitate to compete in the blood, so they will fall into the blind of price wars and induce risks to break out in advance. The failure of Xiongji is a wake-up call for low-quality and low-cost enterprises in the industry.
Investigate preemptive strikes
"We don't dare to release the goods now. People have to make a monthly payment. Once the goods are out of order, our capital chain will be broken. The big customers are hard to open up, and we dare not say no, the customers have to break. It’s gone.†A Shenzhen lighting factory owner said that the current capital chain is tight and the business is in a dilemma.
“Once the supplier's credit period is extended, the bad business operations of the company will be transmitted to the industry, causing several suppliers to pay the accounts at the same time. Just like the bank run, while you are asking for the account, you will be out of stock.†An insider expressed the same concern to reporters. When the capital chain breaks, the company will soon close down. This phenomenon has been quite serious in the LED industry.
In sharp contrast, listed companies use super-raised funds or idle funds to invest in “money-making money†wealth management products. On July 4, Shenzhen Wanrun Technology Co., Ltd. announced that the board of directors had passed the “Proposal on the Use of Idle Raised Funds to Purchase Wealth Management Products†on July 2, and agreed that the total use of the company and its holding subsidiaries should not exceed RMB 50 million. The idle raised funds are invested in wealth management commercial bank wealth management products with high security and good liquidity.
In the face of the rise and fall of the industry, banks will be aware of the risks before they are considered by others.
Practice credit tightening Banks raise loan threshold
“Now bank credit is tightening, unless it has a long-term loan cooperation with the bank, it is difficult to borrow money.†The owner of an LED company in Shenzhen said.
The General Office of the State Council recently issued the "Guiding Opinions on Financial Support for Economic Structural Adjustment and Transformation and Upgrading", which clearly requires financial institutions to strictly adhere to the bottom line of systemic and regional financial risks, pointing out local government financing platforms, real estate, financial management and The “two highs and one surplus†industry is currently the key financial risk field, and all financial institutions must strictly prevent and control the risks in the above-mentioned fields. At present, major banks have increased their loan requirements in order to control non-performing assets.
The above-mentioned Shenzhen lighting factory owners have tried to go to major banks to seek loans, but the facts are really as the industry has said. "Banks now generally ignore the attitude of microfinance, 10 million banks have to prepare so much information, we have to prepare so much information for 1 million, and the procedures are still very troublesome."
According to him, at present, banks generally push such small loans to intermediary or guarantee companies to transfer risks, so the financing costs of SMEs are very high. “Intermediary companies give us almost twice the loan rate, and online loans allow for the highest interest rate or even four times the normal bank loans.
In addition, other loan methods such as equal repayment or “purchase card†are currently not suitable for small and medium-sized LED lighting companies. "The equivalent repayment is equivalent to the fact that I just got 100,000, I have to give the intermediary 10,000, and other equal installments are still instalment." Shenzhen lighting factory owner said.
The “purchase card†is centered on the enterprises with credit or guarantee ability of the bank. These enterprises provide guarantees for the distributors. The banks issue purchase cards for the guaranteed enterprises for the targeted transactions of downstream enterprises. However, the Shenzhen lighting owner inquired that the loan model factory must first have a certain amount, and the purchaser must be a very powerful enterprise, such as a listed company, the bank must determine that it can receive the money before the loan. Give you.
"Now, the cost of financing is a cliché. As long as there are asset-backed loans, there is no problem. But what kind of SMEs like us can mortgage, and the factory rents, several lighting production lines can not be worth a few dollars." The above-mentioned Shenzhen lighting owner clearly stated. “We heard that intellectual property can also be used to apply for loans. I also learned about it at the time, but this part is all in the air.â€
"We even expect talents with marketing and sales ability to enter our company with a small amount of funds, but after waiting for so long, we have not found the right person." Shenzhen lighting factory owner expressed very distressed.
Liu Chubin, general manager of Pranging Optoelectronics, also said that although they did not apply for loans, he understands that it is very difficult to find bank financing.
“Even if the loan is paid, this small factory has a low-margin operating model, coupled with the high manpower and operating costs, this loan is still a drop in the bucket.†An industry insider said.
"At present, only companies that want to do a good job in lighting products will consider financing. Those small factories that do low-end will generally choose to shut down the factory and run the road," said a manager of a Hangzhou lighting factory.
In the absence of legal financing, some SMEs have no choice but to turn to private markets, namely financing companies such as guarantee companies and underground banks. Although these channels can provide loans, the interest rates are surprisingly high and can lead to greater risks.
The person in charge of a Dongguan enterprise believes that trade enterprises need cash flow most, and four or five months of goods do not flow, and cash is immediately cut off. "If you urgently need funds, borrowing usury from the private sector is equivalent to eating chronic poison."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
2. It can be mixed with other rubber or plastics to improve the performance of rubber.
3. Good heat resistance. The heat resistance of rubber is better than that of natural rubber and styrene butadiene rubber.
4. The physical and mechanical properties are average. The mechanical properties of rubber without reinforcing agent are poor.
5. It has excellent oil resistance and solvent resistance. The higher the content of acrylonitrile, the better the oil resistance.
Therefore, most LED companies specializing in the low-end market have established cooperation with upstream suppliers, relying on credit to ensure the turnover of enterprises, that is, while allowing the downstream raw materials suppliers to write off, while allowing downstream customers to owe money to maintain long-term orders. . However, this triangular debt chain is affected by various uncertain factors such as unstable sales market and falling profit margin, and may break at any time.
Warning light, running, bank, risk, red light
On August 14, Shenzhen Gongming Labor Management Office issued a notice saying that Shifang Optoelectronics defaulted on the wages of 220 employees from June 1, 2013 to July 31, 2013. The legal representative of Shifang Optoelectronics, Deng Junguo, still does not cooperate. Relevant government departments coordinate and handle, according to relevant laws and regulations, if Deng Junguo does not contact the relevant staff of the Gongming Labor Management Office within 3 working days after the announcement, and immediately returns to the company to deal with the arrears of employees' wages, etc., will be investigated legal liability. On the 19th, the staff of the Gongming Labor Management Office told reporters that Deng Junguo still did not show up, "preliminarily confirmed that he has already run."
This is since July this year, following the suspension of Zhongshan Xiongji Lighting Factory, Zhongshan Shihao Epi-crystal Factory and Shenzhen Yiguang Technology Co., Ltd., another small and medium-sized LED company has stopped production.
Just as the LED lighting industry looms the market's warming signal, Zhongshan Xiongji, Leijing Factory, Shenzhen Yiguang's sudden collapse has once again made many small and medium-sized LED companies have a tight heart, and the low-end market seems to be paying pains for its "crazy price". lesson.
Under the pressure of severe overcapacity, Guangdong, which occupies more than half of the country's LEDs, has experienced the risk of large LED companies failing. At the same time, there is also a branch of the state-owned Guangdong Branch to urgently notify subordinate branches to warn of systemic risks.
The reporter also learned that other banks have also noticed the risks involved, and issued risk warnings to their subordinate branches and account managers. They intend to tighten credit and credit, and collect debts.
For a long time, the LED market represented by Zhongshan Guzhen has always been labeled as “chaotic and poorâ€. Many local small-scale LED manufacturers are often criticized by the industry for their low production strength and low technical content. On the other hand, its ultra-low product prices have made many domestic distributors and purchasers regard it as a wholesale treasure.
In the past two years, more and more traditional lighting factories have been transformed into LED lighting. Small and medium-sized LED lighting companies have also blossomed everywhere. In order to survive, enterprises will not hesitate to compete in the blood, so they will fall into the blind of price wars and induce risks to break out in advance. The failure of Xiongji is a wake-up call for low-quality and low-cost enterprises in the industry.
Investigate preemptive strikes
"We don't dare to release the goods now. People have to make a monthly payment. Once the goods are out of order, our capital chain will be broken. The big customers are hard to open up, and we dare not say no, the customers have to break. It’s gone.†A Shenzhen lighting factory owner said that the current capital chain is tight and the business is in a dilemma.
“Once the supplier's credit period is extended, the bad business operations of the company will be transmitted to the industry, causing several suppliers to pay the accounts at the same time. Just like the bank run, while you are asking for the account, you will be out of stock.†An insider expressed the same concern to reporters. When the capital chain breaks, the company will soon close down. This phenomenon has been quite serious in the LED industry.
In sharp contrast, listed companies use super-raised funds or idle funds to invest in “money-making money†wealth management products. On July 4, Shenzhen Wanrun Technology Co., Ltd. announced that the board of directors had passed the “Proposal on the Use of Idle Raised Funds to Purchase Wealth Management Products†on July 2, and agreed that the total use of the company and its holding subsidiaries should not exceed RMB 50 million. The idle raised funds are invested in wealth management commercial bank wealth management products with high security and good liquidity.
In the face of the rise and fall of the industry, banks will be aware of the risks before they are considered by others.
Practice credit tightening Banks raise loan threshold
“Now bank credit is tightening, unless it has a long-term loan cooperation with the bank, it is difficult to borrow money.†The owner of an LED company in Shenzhen said.
The General Office of the State Council recently issued the "Guiding Opinions on Financial Support for Economic Structural Adjustment and Transformation and Upgrading", which clearly requires financial institutions to strictly adhere to the bottom line of systemic and regional financial risks, pointing out local government financing platforms, real estate, financial management and The “two highs and one surplus†industry is currently the key financial risk field, and all financial institutions must strictly prevent and control the risks in the above-mentioned fields. At present, major banks have increased their loan requirements in order to control non-performing assets.
The above-mentioned Shenzhen lighting factory owners have tried to go to major banks to seek loans, but the facts are really as the industry has said. "Banks now generally ignore the attitude of microfinance, 10 million banks have to prepare so much information, we have to prepare so much information for 1 million, and the procedures are still very troublesome."
According to him, at present, banks generally push such small loans to intermediary or guarantee companies to transfer risks, so the financing costs of SMEs are very high. “Intermediary companies give us almost twice the loan rate, and online loans allow for the highest interest rate or even four times the normal bank loans.
In addition, other loan methods such as equal repayment or “purchase card†are currently not suitable for small and medium-sized LED lighting companies. "The equivalent repayment is equivalent to the fact that I just got 100,000, I have to give the intermediary 10,000, and other equal installments are still instalment." Shenzhen lighting factory owner said.
The “purchase card†is centered on the enterprises with credit or guarantee ability of the bank. These enterprises provide guarantees for the distributors. The banks issue purchase cards for the guaranteed enterprises for the targeted transactions of downstream enterprises. However, the Shenzhen lighting owner inquired that the loan model factory must first have a certain amount, and the purchaser must be a very powerful enterprise, such as a listed company, the bank must determine that it can receive the money before the loan. Give you.
"Now, the cost of financing is a cliché. As long as there are asset-backed loans, there is no problem. But what kind of SMEs like us can mortgage, and the factory rents, several lighting production lines can not be worth a few dollars." The above-mentioned Shenzhen lighting owner clearly stated. “We heard that intellectual property can also be used to apply for loans. I also learned about it at the time, but this part is all in the air.â€
"We even expect talents with marketing and sales ability to enter our company with a small amount of funds, but after waiting for so long, we have not found the right person." Shenzhen lighting factory owner expressed very distressed.
Liu Chubin, general manager of Pranging Optoelectronics, also said that although they did not apply for loans, he understands that it is very difficult to find bank financing.
“Even if the loan is paid, this small factory has a low-margin operating model, coupled with the high manpower and operating costs, this loan is still a drop in the bucket.†An industry insider said.
"At present, only companies that want to do a good job in lighting products will consider financing. Those small factories that do low-end will generally choose to shut down the factory and run the road," said a manager of a Hangzhou lighting factory.
In the absence of legal financing, some SMEs have no choice but to turn to private markets, namely financing companies such as guarantee companies and underground banks. Although these channels can provide loans, the interest rates are surprisingly high and can lead to greater risks.
The person in charge of a Dongguan enterprise believes that trade enterprises need cash flow most, and four or five months of goods do not flow, and cash is immediately cut off. "If you urgently need funds, borrowing usury from the private sector is equivalent to eating chronic poison."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Rubber cable is also rubber sheathed cable. As its name implies, it is a wire and cable with various rubbers or thermosetting elastomers with equivalent performance as the insulation and sheath foundation.
Because of its unique flexibility, rubber sheathed cables are very suitable for use in indoor and outdoor environments, including wet and even water conditions. They are usually used on mobile electrical equipment. They are suitable for electrical and pneumatic connection or wiring with AC rated voltage of 300V/500V and 450V/750V below.
Rubber sheathed cables are used by products in many fields due to their unique mechanical and physical properties, so they are classified into many categories, such as mobile universal rubber sheathed cables, electric welding machines, electric power, marine, mining, wind energy, nuclear energy, etc., among which mobile universal rubber sheathed cables and mining cables are widely used.
Advantages
1. Good water resistance, less air permeability.2. It can be mixed with other rubber or plastics to improve the performance of rubber.
3. Good heat resistance. The heat resistance of rubber is better than that of natural rubber and styrene butadiene rubber.
4. The physical and mechanical properties are average. The mechanical properties of rubber without reinforcing agent are poor.
5. It has excellent oil resistance and solvent resistance. The higher the content of acrylonitrile, the better the oil resistance.
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