Xing Yi went bankrupt, he is not willing to.
He is the king of the king of Shenzhen LED factory boss, the company's annual output value of billions of dollars, there is quite a reputation in the line. But in the end it went bankrupt because of millions of debt.
Foreshadowing of bankruptcy buried in 2009. The rising cost of foreign markets and shrinking market and brutal price plus, his business is bleak. But no matter what, for him, the outcome is "dead", the difference is "death" or "death". After death, Xing Yi did not run, but to raise money around the debt, hoping to stage a comeback. But his factory has been empty property. A security guard alone that empty factory.
Economic downturn, struggling to support the SME bosses feel unprecedented pressure. The closure or relocation of factories in the context of industrial restructuring and upgrading in Guangdong quietly occurred, the vacancy rate of the plant is also at historic highs.
Empty factory
On the morning of June 29th, Xing Yi sent a text message to business partners, because of their own funds strand breaks, no loans, unable to repay 9 million of the arrears of the supplier, as well as workers' wages and bank loans, only bankruptcy.
The last message is, I did not do the transfer of assets, I have nothing, on June 29th at 10:00 am officially declared bankruptcy. I have been away from Shenzhen for a long time. I hope you will not harass my family. "
Announced the bankruptcy of a few days after the issue of text messages, Xing Yizu's factory was empty property companies. Only a security guard of the building that is not popular. His plant, along with a few empty buildings next door, in fact, are left after the relocation of Foxconn empty dormitory.
This kind of plant is not isolated cases.
Intermediary huanshen industrial real estate manager Zhu Guojian told the media that, with some small business conditions decline, but recent plant vacancy rate compared to last year has increased, the overall vacancy rate of 5 percentage points higher than last year rose.
As early as in the first quarter, the vacancy rate has been rising trend. Shenzhen floating population and rental housing management office released a quarterly sample survey report shows that the Shenzhen quarter of the factory warehouse rent basically flat, but the vacancy rate increased by 3.2 percentage points.
The report pointed out that the main reason behind is that the reduction in export-oriented export-oriented economy business orders, raw materials and labor costs rise, companies operating rate decline, and thus hold a conservative attitude to expand the scale of production, due to the sluggish demand in some industrial plants, even reduced the scale of production. "
The two quarter of the more serious vacancy. A Shenzhen plant rental intermediary Wu Ping said that since May this year, he found that the plant rental has become increasingly difficult, although the monthly rent per square meter has been compared to a few months ago, down 1.5~2 yuan, but the two quarter or 50% to reduce plant rental chain 60%.
He thought it was the result of a bad environment. "Some of my clients are in Europe and the us. To do the domestic market, but also quiet. Wu Ping told reporters.
A large professional Shenzhen plant rental intermediary website general manager Huang Shaowu (a pseudonym) told reporters that the two quarter of the Shenzhen customs of the plant, the average monthly rent per square meter has been reduced by nearly 2 yuan, but a lot of ad for hanging a small half did not rent out.
Huang Shaowu believes that the current vacancy situation is better than the financial crisis in 2008. In early 2009, the site survey showed that when the Shenzhen plant vacancy rate was 30%~45%.
Hold the same point of view, as well as Public Business Consulting Co., Ltd. Shenzhen chairman Fan Jun. Fan Jun previously worked for many years in the land planning department. "We are now in Pingshan area (Shenzhen) to do some investigation, survey is commissioned by the government, the report is not yet complete, but found that the vacancy rate is pretty terrible. Fan Jun said.
"We are exposed to a lot of 10 thousand square meters of factory area plus a few thousand rooms of the dormitory, a large number of vacant there, some people want to turn it into vocational training schools. "
Fan Jun believes that the second half of the plant vacancy rate may also increase. "The government wants to get rid of the cage, but did not come out of the birds, thinking about the world's top 500, where there are so many strong 500. "
In fact, the same vacancy and the government's thinking, but also in Dongguan, Foshan. Huang Shaowu said, a lot of Dongguan factory in his site hanging advertising, but also hung up for half a year also rent out. Before Dongguan plant monthly rent is generally close to 10 yuan per square meter. Now only 7 yuan, or even only $five or six, but it is difficult to rent out.
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