Hualei Optoelectronics is now in personnel change, Mao Zili took power and retired two years later

[Wen/Wang Cairong ] "Hua Lei Optoelectronics has changed, the major shareholder raided, and the general manager sent by the two shareholders was replaced. The founder He Daqing came back." A person close to Xiangneng Hualei Optoelectronics recently went to "Higher Work" LED" reporter revealed this personnel change news.

Hua Lei Optoelectronics, the only LED epitaxial chip company in Hunan Province invested by Xiangmei Group, successfully raised more than 700 million yuan after introducing five strategic investors in early 2011. Subsequently, at the end of the year, Mao Zili, the director of Beijing Xinhualian Group, the second largest shareholder, became the representative and general manager of Hualei Optoelectronics. Mao Zili took power for two years, what is the role of Hualei Optoelectronics?

“Accurately speaking, my general manager was on January 1st, 2012, and at that time, Hualei Optoelectronics was invested in Hunan’s hometown complex.” Mao Zili still remembered this date in an interview with Gaogong LED reporter. Still new. At the end of October 2010, Hualei Optoelectronics increased its capital and shares, and publicly introduced five investors. Xinhualian Industrial Investment Co., Ltd., where Mao Zili is located, as a strategic investor subscribed 50 million shares at a price of 4.89 yuan per share, becoming its second largest shareholder. .

However, one year after the successful introduction of five investors, Hua Lei Opto's book performance was at a loss. Relevant information shows that in 2011, Hualei Optoelectronics' operating income was 154 million yuan, and operating profit loss was 34.294 million yuan.

According to Mao Zili, several major shareholders were very dissatisfied with the performance of Hualei Optoelectronics. "Investing so much money, the company's performance was very bad at the time, and it was impossible to explain to investors. I have relatively more experience in investment management. Xiangmei Group also intends to ask me to be the general manager and management company. Daily business operations."

In fact, after entering the second half of 2011, the LED chip market, which had a good momentum, began to turn sharply and entered a downturn. The performance of Hualei Optoelectronics was also affected to a certain extent, which led to the internal management mechanism of the company. There are differences in the specific operations of the company. However, some people familiar with Hualei Optoelectronics revealed to reporters that Hualei Optoelectronics was actually profitable in 2011, but adjusted the profit on the books to increase operating profit in 2012.

“Being the general manager of Hualei Optoelectronics, I first established a new management system within the company; secondly, laid the foundation for the whole technology and production. In the production process, many individual indicators of Hualei Optoelectronics even surpassed. Sanan Optoelectronics (600703.SH); Finally, during the tenure, I also cultivated a large number of talents. As long as the structure is not destroyed, Hualei Optoelectronics will maintain a good profit situation.” Reviewing the two-year career of Hua Lei Optoelectronics, Mao Self-reliance focuses on the above three aspects.

The reporter learned that up to now, Hualei Optoelectronics has 32 MOCVD production equipments. In 2013, there was no new equipment. However, due to the increase in capacity utilization rate, the company's epitaxial wafer production has reached about 110,000 pieces per month, and the self-produced PSS substrate. From 40,000 in early 2013 to over 100,000, the self-sufficiency rate reached 90%.

In addition, because it has been committed to breaking the business simplification pattern and building a LED industry chain development model, the company is also actively investing in the construction of ammonia gas, nitrogen production bases and testing production lines. In July 2012, Hualei Optoelectronics invested another 50 million yuan to establish Hunan Rijing Lighting Technology Co., Ltd. (hereinafter referred to as “Jijing Lighting”) to lay out the downstream LED lighting application market. At the end of the first quarter of 2014, Hualei Optoelectronics' annual production capacity of 2.2 million LED lighting production lines has entered the stage of trial production.

“Jijing Lighting started very quickly and developed in my hands. At that time, my idea was to do both upstream and downstream. The overall strategy is 'a core, a lamp', but it will not be packaged because it will Customer conflicts.” Mao Zili is still relishing the strategic planning during his tenure. The company's LED lamps are both a chip supplier to package customers and a downstream customer.

In the interview, Mao Zili also revealed to reporters that in 2013, Hualei Optoelectronics' operating income has exceeded 500 million yuan, of which operating profit reached 80 million yuan. In the domestic LED chip industry, this performance is good enough for most of the peers to be jealous, but so far, with the gap in production technology and capacity utilization between chip manufacturers, the LED upstream market is shrinking. Increasingly, we are aligning with the scale of competition, and Hua Lei Optoelectronics is gradually widening the gap with its peers.

According to the data of the top 10 rankings of China's LED chip companies by the High-tech LED Industry Research Institute (GLII), Hualei Optoelectronics ranked fourth in the ranking, second only to Sanan Optoelectronics and Ganzhao Optoelectronics (300102.SZ). And Hua Can Optoelectronics (300323.SZ), but in the 2013 chip company competition rankings, Xiang Neng Hua Lei has retired to sixth place.

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