Wu Changjiang compromised and returned to boost share price of NVC

After a few months of turmoil, NVC lighting finally got a breathing space. On the evening of September 4, NVC Lighting announced that the company had established a "temporary operating committee" to manage its day-to-day operations, with Wu Changjiang as the head of the committee. This means that Wu Changjiang returned to NVC Lighting in a compromise.

However, NVC lighting will continue to face severe challenges. Analysts believe that this is only a temporary compromise between the two sides in the fight. After a change of form, the fight will continue. In addition, accompanied by the struggle is that Wu Changjiang is facing a sharp decline in company performance, suppliers wait and see mood, LED missed opportunities, and other difficulties, NVC lighting is not easy to restore its glory.

The core differences are not resolved. It is understood that the “Temporary Operation Committee” consists of Wu Changjiang, Mu Yu, Wang Minghua, Tan Ying, Zhu Hai, and Zhang Kaipeng. The person in charge is Wu Changjiang. The operating committee reports to the board of directors.

Industry expert Zeng Gaofei believes that the functions of the head of Wu Changjiang’s “Temporary Operations Committee” are similar to those of the company’s president.

“Wu Changjiang is able to return, stating that all shareholders have a consensus on allowing the company to return to a healthy track of operations. However, since it is 'temporary', it shows what specific positions Wu Changjiang has held and several parties did not coordinate well.” Zeng Gaofei Say.

At the end of August, NVC Lighting announced its operating performance for the first half of the year. The company achieved operating income of US$256 million, a year-on-year decline of 4.1%. Compared with income, profits have fallen even more. The pretax profit was US$11.76 million, which was a decrease of 75.1% year-on-year. The company’s owner’s current share of profits was US$6.468 million, a drop of 83.7% from the same period last year.

Obviously, after many torment NVC lighting performance has begun to show a red light, as soon as possible so that the smooth operation of the company in line with the interests of all parties. In this context, Wu Changjiang returned to NVC as the person in charge of the "temporary operation committee."

NVC's revival difficulties brought heavy Wu Changjiang return, NVC lighting from the "battle" to "infighting." The huge test facing Wu Changjiang is how to restore the company's performance in this difficult situation. On the evening of September 3, he wrote on Weibo: “Evening dinner with company brothers in the evening, all people assured me that I must finish the company’s tasks in the last four months. I didn’t realize that I would drink too much if I didn’t drink. ."

From this perspective, the return of Wu Changjiang allows the company's other managers to have greater confidence in doing well. However, it is time-tested that NVC Lighting is able to recover quickly from the promise of "brightness" in management personnel.

Zhang Xiaofei believes that NVC Lighting's standstill will also have a significant impact on the company's development.

Then, how will NVC lighting face these issues? On September 5th, the reporter called Wu Changjiang, but his mobile phone has been shut down.阎焱 answered the reporter’s phone call, but he did not want to disclose too much, saying that the company’s announcement prevailed.

Yesterday, the stock market investors had high hopes for the return of Wu Changjiang. NVC Lighting's share price finally closed at HK$1.40, an increase of 7.69%.