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Haojing Optoelectronics and Philips are noisy
According to the daily economic news report, the new three-board company, Jingjing Optoelectronics, is currently in the lawsuit "Rasson Gate" with the international lighting giant Philips.
In June 2016, a paper complaint filed by Philips on the court, said that Jingjing Optoelectronics was in arrears with the purchase price; and in March 2017, the case was not yet closed, and Yanjing Optoelectronics filed a countersuit against Philips, saying that the quality of Philips lamps was problematic. Seriously affected the post-maintenance and management of the company's engineering projects, the company requested Philips to pay the amount of 62.837 million yuan before returning to the company.
So, what are the specific projects of Lijing Optoelectronics and Philips? What kind of cooperation did the two have before?
For the quality of street lamps
This goes back three years ago. In June 2014, Haojing Optoelectronics signed an agreement with Xuchang Municipal Government and Philips to stipulate that the three parties will jointly build the Philips-Zhongjing LED Lighting Zhongyuan Joint Production Base. In September of the same year, Haojing Optoelectronics launched the transformation project for Xuchang City Street Light. Haojing Optoelectronics said that it will carry out a total of about 70,000 street lamps in Xuchang City (one district, two cities and two counties) in the next three years.
Haojing Optoelectronics has been distributing Philips products for a long time. The renovation project of Xuchang City Street Light is not a small project, and the benefits will be considerable. Haojing Optoelectronics attaches great importance to cooperation with Philips and Xuchang City.
However, the dispute between Lai Jing Optoelectronics and Philips originated from the project. In June 2016, Philips filed a lawsuit on the grounds that Lai Jing Optoelectronics overdue payment of the purchase price, requiring Lijing Optoelectronics to pay the purchase price of RMB 12.679 million, overdue payment liquidated damages and corresponding litigation costs.
Yan Jing Optoelectronics believes that Philips' claims are not sufficient, not objective, and intend to avoid the reasons for arrears. According to Yanjing Optoelectronics, from 2014 to 2016, Haojing Optoelectronics provided EMC energy management solutions (ie the aforementioned streetlight renovation project) to Xuchang City and its districts and counties. Philips is the only designated brand of this EMC energy management program. Affecting the company's EMC energy management post-maintenance and management, "As of December 31, 2016, there have been quality problems with 2,917 street lamps, and the number of damaged lamps is still rising."
The reporter wants to know more details from Philips. The other party said that the current case is under trial and it is not convenient to disclose the relevant details. However, all products of Philips Lighting have been rigorously tested and comply with relevant national mandatory standards. Philips Lighting always attaches importance to product quality and user experience. ."
According to Haojing Optoelectronics, the company filed a claim for claims after July 2016 and January-March 2017. Philips “has all kinds of shirking and slackening, causing serious adverse effects on the company and energy-using units.†March 2017, Philips The prosecution case has not yet been completed, and Jingjing Optoelectronics filed a counterclaim against Philips on the grounds that the quality of the lamps supplied by Philips is flawed. The company requested that all purchase contracts with Philips be cancelled in accordance with the law, and that the company should request that the company return the payment of 62.837 million yuan paid by the company. .
Philips is an important supplier of Haojing Optoelectronics
Before this lawsuit, Lai Jing Optoelectronics and Philips were once "closely related."
The main business of Haojing Optoelectronics is lighting products, intelligent fresh air systems, contract energy management, and engineering installation. In the 2014 regular report, Haojing Optoelectronics stated that the products currently sold by the company and used for contract energy management projects are mainly purchased from Philips. The main reason is that “Philips†is a world-renowned lighting brand with market recognition and brand value. High; and the contract energy management project revenue cycle is generally 5 to 10 years, the business model is extremely demanding for the company's lighting fixtures, "Philips" lighting fixtures is one of the few brands that can meet the quality requirements of this model.
One fact that can be corroborated is that in 2014 and 2015, the proportion of Zhaojing Optoelectronics' purchases to Philips China accounted for 98.61% and 87.63% respectively. In the 2015 annual report, Yanjing Optoelectronics announced that “the company has now become a Philips partner from the original Philips dealers and jointly built the Philips-Yijing Optoelectronics Central and South China Joint Production Base in Xuchang City, Henan Province.â€
On the other hand, the high dependence on a single supplier has become a key factor limiting the sustainable development of Lai King Optoelectronics. In December 2016, when the two parties contracted, Philips issued a “suspension†notice to Yanjing Optoelectronics on the joint production base project; in 2016, Haojing Optoelectronics developed a new supplier, and the proportion of purchases to Philips also decreased to 8.36%.
For the future development of Haojing Optoelectronics, the reporter called Zhaojing Optoelectronics, the company’s director-general Yuan Yanfei said that it is not convenient to accept media interviews at present, and all the company announcements prevail.
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