www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Killer competition in electronic device market claims another victim

By Chai Hua and Gao Yuan (China Daily) Updated: 2015-11-10 09:49

Fan Wanfu, a director of an abrasive paper factory that supplies to Fu Chang, said his firm is owed 1.2 million yuan. But he feels helpless and stops shy of seeking the money back because other suppliers are owed several millions of yuan.

Yang Sibin, a Fu Chang employee, said he never imagined the company would one day shut because "they have received so many orders and could not finish".

It is learnt that Fu Chang employees were first told the company might face some financial problems. Some senior employees volunteered to donate one month's salary totaling tens of millions yuan to the company, to ride out the crisis. But that would not have sufficed.

For, the company owes about two months of salaries to its 3,800 workers, 270 million yuan to its suppliers and 190 million yuan to banks, according to China Business News.

Fu Chang is not a case in isolation. Since last December, several cases of bankruptcy have been reported in the Shenzhen-Dongguan belt that caters to the mobile phone industry.

For instance, in December 2014, Wintek Corporation, the second-largest producer of touch panels in Taiwan, closed its three factories on the mainland.

In January this year, Zhaoxin Communications in Dongguan admitted failure to carry on due to funding problems. Gao Min, its chairman, even tried to commit suicide to "take responsibility".

On Sept 8, Shenzhen Hongkaixing Plastic Production Co Ltd announced bankruptcy, leaving 35 million yuan in debts to its 214 suppliers. One month later, another Dongguan company, Jinchi Plastic Technology Co Ltd, followed in its footsteps.

Experts believe the key reason for bankruptcies is intense competition.

Wang Jingwen, an analyst at Shanghai-based information technology consultancy Canalys China, said that the China smartphone market remains stagnant quarter-on-quarter and competition among major brands has never been stiffer.

"It is one of the stiffest markets worldwide. Even big companies such as Huawei faced challenges although it gained an impressive market share in China," Wang said.

Xiang Ligang, an independent smartphone market researcher and founder of industry site cctime.com, has echoed those views.

"Severe competition marks every stage of the supply chain," he said.

A professional from a Shenzhen-based listed accessories maker said he expected a 60 percent decrease in his company's mobile phone business.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人精品日本亚洲语音1 | 国产精品久久久久久久久久98 | 欧美精品一区二区在线观看 | 91精品亚洲 | 久久亚洲人成国产精品 | 国产精品国产三级国产专区5o | 久久精品道一区二区三区 | 日韩有码第一页 | 久久色国产 | 韩国三级大全久久网站 | 波多野结衣手机视频一区 | 114一级毛片免费 | www.久久 | 国产在线99 | 国产波多野结衣中文在线播放 | 中文字幕精品在线 | 亚洲小视频 | 色欧美在线 | 国内自拍欧美 | 亚洲综合欧美综合 | 亚洲精品天堂一区 | 中文字幕成人免费高清在线 | 九草在线视频 | 午夜爽爽爽男女免费观看hd | 欧美成人免费一区在线播放 | 亚洲国产二区三区 | 在线观看免费a∨网站 | 国产亚洲精品一区二区久久 | 久久怡红院国产精品 | 成年人视频在线免费 | 美女被男人cao的爽视频黄 | 精品视频久久久久 | 台湾三级毛片 | 欧美日韩精品在线视频 | 欧美国产综合在线 | 国产成人免费片在线观看 | 农村寡妇偷毛片一级 | 免费人成在线观看播放国产 | 欧美三区在线观看 | 久久精品国产精品亚洲艾 | 日本免费a级片 |