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On August 29, according to informed sources, Guangzhou Kaisheng Electronic Technology Co., Ltd. (stock short name: Kaisheng, stock code: 837235) has reportedly been suspended from operations. The news came to light on August 23, 2017, when the company's sponsors were informed that the firm had shut down its production and was no longer functioning. According to reports, Kaisheng is facing several critical issues:
1. The company’s office and factory buildings are closed, with no employees working or producing anything.
2. The firm is in default of employee wages, leading to tense labor relations.
3. There are serious conflicts with suppliers, many of whom have stopped doing business with the company.
The situation raises serious concerns about the company's future. A recent photo shows an empty factory, giving a clear visual of the current state of affairs.
Kaisheng was established on August 15, 2006, and was listed on the National SME Stock Transfer System on May 30, 2016. Financial data from 2013 to 2015 shows that the company generated revenues of 111 million yuan, 99.934 million yuan, and 53.448 million yuan respectively, with net profits of 2.9536 million, 5.1624 million, and 4.4141 million yuan during the same periods.
According to research by Dikaibei New Board Research Institute, Kaisheng specializes in R&D, production, and sales of PC power supplies and LED drive power, holding a significant market share in the switching power supply industry. However, the recent shutdown suggests a dramatic shift in its fortunes.
To verify the authenticity of the report, the author checked information on Kaisheng through the official website of the New Third Board, the Straight Flush platform, and the company's own site. It was found that Xinsanban Online has removed all stock-related information about Kaisheng, and the Flushing website also cleared its stock details. When checking the Changjiang Securities website, it was surprising to find no available information on Kaisheng shares.
These findings suggest that the company may be in deep trouble. Some insiders indicated that while Kaisheng once had a good reputation for its PC power supplies, it gradually lost customers due to poor quality control in later years.
With the booming LED lighting market, the LED driver power sector has seen tremendous growth. According to GGII statistics, global LED lighting power supply output reached 44.6 billion yuan in 2016, up 24.2% year-on-year. China’s LED lighting driver power output was 19.8 billion yuan in the same year.
Despite this promising market, Kaisheng’s decline serves as a cautionary tale. First, companies must maintain strict quality control—product quality is the core of any successful business. As prices become more competitive, differentiation through quality and service will become increasingly important. Second, small and medium enterprises should focus on niche markets and build expertise in specific areas to stand out in a crowded industry.
In conclusion, Kaisheng’s story highlights the importance of long-term strategy, product quality, and adaptability in a rapidly evolving market.