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Wu Qinying Lida zipper production Factory was founded 10 years ago, Yiwu City, Zhejiang Province, Star Enterprise. The factory covers an area of 100 mu, building area of 100,000 square meters, heyday, more than 1,000 employees, more than 100 kinds of technical and management personnel, with over 1000 sets of international advanced automatic production equipment, the annual output of over billion. "Now these devices are that we bought, the money to buy, Wu Qinying take to pay the wages of workers." Of these devices is to guard an official told reporters.
Factory has been discontinued
A large lock to the Leader office, a man bored watching it all, "what took so large a plant," he said quite some regret.
September 10, Lida zipper making machine to complete the last day of production tasks, "owes electricity, Power Supply Bureau is no longer powered, profit is also no way to continue to produce." Beiyuan street Luo Xiaojun, deputy director of the Office, told reporters that she was responsible for the Lida zipper making machine "with the aftermath, and still try to save this former star enterprise.zipper bag machine
Lida zipper making machine where the plant property companies – Yiwu Zhaohui Property Services Ltd Property Manager Wei Wen also remember very clearly, before shutdown, Lida zipper making machine is the construction of the new plant s construction workers had come to "wages", though it was once was to appease, but the tight liquidity position of the Leader zipper making machine has inklings. The Zhaohui property has failed to back Lida zipper making machine arrears of water charges.
The reporter contacted the Wu Qinying slightly more tired, told reporters: "I am very busy, have been meeting."
"Now this case, you let her say?" Yiwu City Zipper Making Machine Industry Association, Wu Xi said. "It happened, the court Lida zipper production depot as part of finished products, semi-finished products, raw materials, auction, sold for about $ 1.3 million, paid off the arrears of wages of workers, part of the assets of the factory was closed down." Luo Xiaojun said.
Now, Luo Xiaojun still waiting for Wu Qinying, hope she can put forward specific measures, "the idea of corporate enterprises, we are waiting for corporate to make some advocates, the Government can save or to save if they have programs, we can consider implementing. Luo Xiaojun said.
The embarrassment of low profits
Lida zipper production depot today s situation, I am afraid is a 43-year-old Wu Qinying had no idea. Last year, the once-raging financial crisis, failed to defeat the exports accounted for 50% of the total output of zipper production depot. At that time, Lida zipper production depot has been six years of export experience, products exported to Europe.
The local media reported in the second half of 2008, Lida zipper making machine as a response to the financial crisis, the success of the sample introduction. Wu Qinying also said in an interview at the beginning of the year when the customer orders trade in the Americas and Europe, some new situations, the Leader felt a bit wrong after the meeting immediately re-set the tone for this year task, re- adjust the sales of policies to increase energy saving, to maintain a stable profit growth. "
But seems in a local insiders, Lida zipper production depot apparently did not keep the Wu Qinying mouth "stable profit growth," because failing to maintain a stable profit growth, so only out of a problem. "
In fact, one of the Yiwu, the world s largest production base of the zipper making machine, an ordinary zipper making machine profits only a few% that the manufacturers never root fixing prices, but in tons for the sale of the flats. As a post-processing enterprises, the lower the profit margins of the Lida zipper production depot: raw material prices, labor costs, reduction in bank loans, reduced export orders, the companies are in the most low-end value chain.
This perhaps explains why the female star of entrepreneurs began to invest in real estate, mineral. However, the "dream" have not yet been realized, Lida zipper production depot has been discontinued, this enterprise so far owes the location of the property over 19 million water bills, even with a 1 cent each zipper making machine "high-profit calculation, in order to pay off the money, Lida zipper making machine at least have to sell 19 million zipper making machine.
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Diversification of the storm
Wu Qinying In addition to the zipper production depot, the family also operates an auto repair shop, but the home plant a few years ago have changed hands, Lida zipper production depot assumed the debt of the automotive plant annually amortization .
But the financial crisis, Lida zipper production depot business problems, without a stable profitability, but also carrying a high debt, slowly collapse. "The financial crisis, if the enterprise itself better qualified can survive, but the enterprise itself loopholes, but also face tremendous external pressure, I am afraid very tough later. As far as we know, Lida zipper making machine operating repay the debt, was originally a non-existent problem. "a knowledgeable source said.
More analysis will Lida zipper making machine discontinued due to of Wu Qinying "regardless of cost" to get to work style, "is about, Wuqin Ying won the 75 acres of land around 2005." Said Luo Xiaojun, and now this piece of original plans to build a new plant site has ceased, is expected to only half the workload of the overall project will be completed during the year. "The bank loan is indeed more difficult to take, happened when she have a new project." Said Luo Xiaojun, an elongated front "need a huge cash flow, which makes The Wu Qinying turned to private lending of high interest rates, which undoubtedly greatly increase the cost of financing.
"According to the figures at our disposal, private lending, she owed about $ 5,000 million, 80 million yuan of bank lending, arrears of new plant construction team works amounting to approximately 20 million yuan, a total of 160 million yuan." Wu Xi told reporters.
"If she can wholeheartedly do the zipper making machine business, I am afraid there will be no trouble today, even if the losses, but also will not lose so much." Wu Xi exclaimed, Wu Qinying already Zhi Buzai zipper making machine. Zipper making machine is a very safe industry, the reason for her to engage in zipper production depot, and it still fancy some of the policies of the Government, after all, if you do not have the enterprise, and naturally can not enjoy these policies., She get the needed 75 acres of land. "said Wu Xi,, Wu Qinying career began to accelerate", "Last year, she invest in Beijing real estate, investment in Guizhou, a mineral, but she is a layman in these sectors have been the effect of the operation not good, the huge deficit is the resulting "Wu Xi told reporters.
The only cases?
Wu Qinying pot of gold from the logistics. At that time, she was relying on Yiwu market peak flow of people and goods to earn a start-up capital. After that, she quickly discovered, the local is already the world s largest production base of the zipper making machine, but many business are low-end zipper making machine, she tried the founder of high-end zipper making machine in a business enterprise. At this time, Wu Qinying have 106 million worth of equipment and 300 million of liquidity.
"I do not care to pay workers the wages and care about what he bring to the company, I never talk to technical personnel to bargain for the treatment of individuals." Wu Qinying say, is to do so. She began to dig people from the world-renowned Japanese YKK zipper production machine company, in order to introduce a senior technical director for two consecutive years, three times a week to call each other until the other party agreed to join.
But it seems a lot of local people in the industry, Lida zipper making machine can only be regarded as "product quality", not "high-end zipper making machine. To outsiders, the early days of the Wu Qinying attaches great importance to the technical content of the enterprise, "is perhaps the high cost of human resources, and disproportionate output eventually let her eat bitterness." Local industry sources said.bag making machine
"This company is a patent demonstration enterprise for so many years took a lot of honor." Luo Xiaojun, profit of only one case, "private enterprise does have problems, but Lida zipper making machine down, it own special problems in the development process. "
Wu Xi also has the same view: "Lida zipper making machine can not be representative of all the Yiwu zipper making machine enterprise, the Leader of the last moment , their production has been in payment of wages, at virtually no cost, but unfortunately due to production too little, eventually unable to debt, and do not represent the complete picture of the Yiwu zipper making machine companies.