Married into the LED industry, Dongguan hardware companies lost money

On December 24, the listed company Lihe shares issued a notice saying: Dongguan Fuxincheng Hardware Machinery Co., Ltd. (hereinafter referred to as Dongguan Fuxincheng) invested 4 million yuan, relying on Shenzhen Tsinghua University Research Institute LED technology to establish Zhuhai Huaguan Optoelectronics Technology Co., Ltd. (hereinafter referred to as Huaguan Optoelectronics Co., Ltd.) was established for three years due to operating losses and was dismissed by the court.

On December 25th, China's leading LED company Dongguan Qinshang Optoelectronics Co., Ltd. (hereinafter referred to as Qinshang Optoelectronics Co., Ltd.) signed a contract with China Knowledge and Technology Center in Guangzhou, China, and set up a research and development center and sales headquarters to become a knowledge-based economic highland with global influence. .

LED can directly convert electricity into electricity, and is widely used in the emerging industries of street lighting and television display. After the early blind development, the company lacking technology and capital chose to flee, and the market is focusing on a few leading manufacturers.

Huaguan Optoelectronics is expected to lose 5.2 million yuan this year

On December 24, the listed company Lihe shares issued a major lawsuit announcement: Subsidiary Zhuhai Huaguan Electronic Technology Co., Ltd. (hereinafter referred to as “Huaguan Electronics”) received the notice of acceptance of the case from Zhuhai Intermediate People's Court, and the court decided to accept the case. Huaguan Electronics v. Zhuhai Huaguan Optoelectronic Technology Co., Ltd. Dissolved the dispute. Dongguan Fuxincheng was the third person in the case.

Dongguan Fuxincheng Co., Ltd. is located in Changan, a famous mechanical hardware mold town in China. It is a machinery manufacturer integrating R&D, design, manufacture, sales and service, and has a certain scale strength in China. In 2007, due to the optimistic LED industry prospects, the company invested 4 million yuan, and Huaguan Electronics jointly established Huaguan Optoelectronics in Zhuhai, with a registered capital of 10 million yuan, and Dongguan Fuxincheng holds 40% of the shares.

Three years after the establishment of the company, Huaguan Electronics stated that Huaguan Optoelectronics has suffered from the lack of independent and mature products, and its research and development scale and investment have exceeded the company's ability to withstand. The management and management have experienced serious difficulties and have been in a state of loss. Huaguan Electronics has been a major shareholder. A lot of support was given, but the company’s operating conditions have not improved.

As of November 30, 2010, Huaguan Optoelectronics had total assets of 2.668 million yuan and total liabilities of 3,753,900 yuan. It is estimated that the loss in 2010 will be about 5.2 million yuan. Deciding to implement liquidation procedures for the company in accordance with the law can minimize the loss of shareholder investment.

On December 26, Dongguan Fuxincheng executives had not commented on the failure of the investment because they were not on the company.

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