The tragic reshuffle of the LED display industry
Since last year, the LED industry has entered the winter. Especially since the fourth quarter of last year, the global LED industry (mainly including lighting and display) has gone from bad to worse, and the market has continued to report that companies have closed down and bosses are running away. Especially in October last year, Mao Guojun, chairman of Shenzhen Jundoli Industrial Co., Ltd., "ran off the road", which caused shocks in the industry. This time, Vision Optoelectronics declared bankruptcy, and the boss Xing Yi "ran off", which caused a small earthquake in the industry.
According to a worker from Vision Optoelectronics, the company has not paid workers wages since April this year, and orders have also dropped rapidly compared to before. “Before the bankruptcy was declared, we didn’t know anything about it. But before our workload was very small, and overtime was rarely seen, indicating that the company’s situation at the time was already very bad. Now we want to find Xing Yi or have the right Those who represent the company hope that they can help us settle the wages.” The worker pointed out.
Vision Optoelectronics was established in 2005. The founder Xing Yi is also one of the founders of Shenzhen Unilumin Technology Co., Ltd., one of the leading LED display companies in China, and has a certain reputation in the industry. With assets of over 100 million yuan, the company mainly produces various indoor and outdoor LED displays. Quite a few of its products are exported to European and American markets. It has also set up a branch factory in Hangzhou, giving the outside world the impression that the momentum of development seems to be very good. Therefore, the closing of Vision Optoelectronics is indeed unexpected by the market.
