[Text / Gaogong LED Ganqin] Since September 17, Gaogong LED has continuously reported that the "Towe owed money incident" has blown up the circle of friends. The current progress is that Tovey is negotiating with several companies to discuss restructuring matters.
Coincidentally, on September 23, the author once again saw a message in the circle of friends that “Dongguan Youjin Optoelectronics defaulted on the loan of several million yuan from the supplierâ€, the supplier had pulled up the debt collection banner at the door, but the legal person Kang Sheng Spinning has not yet appeared.
In the golden autumn season, this is the harvest season, but it is cast a shadow over this tragedy.
Why are good companies going to die? The reasons are similar: they all fail because of the broken capital chain.
Recently, Dr. Zhang Xiaofei, Chairman of Gaogong LED, introduced at the G20-LED Lighting Summit, in order to help the company (especially member companies) solve the capital chain problem more effectively, Gaogong LED launched the Internet supply chain financial model, which is a financing enterprise. Development provides sustained and stable financial support to help enhance its industry competitiveness.
"The core of this model is to use the industry data and resources accumulated by Gaogong LED to identify the risk evaluation credit line, and use the enterprise sales contract (accounts receivable) as the evaluation asset to more effectively help the upstream enterprises in the industry chain to raise funds." Zhang Xiaofei said.
For enterprises, in terms of capital recovery, the amount of money is long and the project is long, and the streetlight project has to mention EMC engineering.
"Most of our streetlight projects use the EMC model, but generally speaking, there is a problem that the capital recovery time is too long." Xu Fugui, chairman of Guangyu Lighting, reluctantly said.
This situation happened to be on Tovey's body. A staff member who has worked in Tovey for many years said, "The longest contract for EMC projects in our company is close to 20 years. For example, 100 million yuan of engineering projects, It is necessary to invest 100 million yuan first, and it will take 20 years to return to the original profit, which will lead to great pressure on internal funds."
In addition, the problem of the transaction period in the supply chain transactions is widespread, which also makes the industry a headache.
The industry said that some buyers need to arrive in time when the demand is large, but the regular operation mode has a 3-6 month account period, while the supplier is relatively small compared to the buyer, and the funds need to be returned in time. Accounts are paid in time to ensure continued production.
In response to the above-mentioned various situations, Zhang Xiaofei believes that it is very important to grasp the two major issues. First, we must control the rhythm of expansion. Do not worry about expanding because of the large profit margin, because those accounts may not be recovered. Second, we must do a good financing plan to ensure the continuous development of the capital chain, which is the foundation of business operations.
The establishment of "supply chain finance" by Gaogong LED is to promote the LED industry and the enterprises that are struggling in this industry to develop continuously, healthily and steadily.
Simply put, G20-LED Lighting Summit will serve as an asset platform for supply chain finance (quality asset pool), while assets will be suppliers' accounts receivable (customers are listed companies), and Gaogong LED will find a supply chain financial platform. External docking funds help companies mitigate capital turnover problems.
Zhang Xiaofei briefly introduced, "If you are a supplier role: we can solve the problem of capital turnover of member companies (listed companies), help enterprises become bigger and stronger, member companies (listed companies) must guarantee the payment of related downstream customers; if you are Customer Role: We will ensure the stability of the supply chain of member companies (listed companies) and solve the problem of supplier capital turnover, while member companies (listed companies) must guarantee the payment of the relevant upstream suppliers."
The capital chain--the blood of the enterprise, using and using live funds is the key to the sustainable development of the company. At the moment of "dangerous", the high-tech LED supply chain financial platform will open a continuous blood supply channel for you!!
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