Profit dropped 80 percent of NVC dealers or companies
On August 28th, NVC announcement, announced the 2012 interim report, and to what the outside passes Wu Changjiang will return to the one thing it does not mention.
" We believe that Wu would come back, because now the turnover executives has returned to company work. " NVC internal staff Wu said in an interview with reporters, said.
Wu Changjiang regression and stranded
Mr Wu said "exit executives have regression ", mainly refers to the resignation of the NVC vice president Xu situation, as well as the NVC 's Zhejiang Liu Shuanglong of general manager of company of the. The two " ting Wu School " who has recently confirmed the regression of NVC, Wu said in Huizhou plant "has seen xu ".
Wu Changjiang could return to the NVC, staff only support far enough. NVC chairman Yan Yan in August 30th to attend a forum on the media said, " this is not my personal between Wu Changjiang and personal problems, but is in accordance with the regulations of the problem. "
The speech and previously released announcement tone consistent. According to the NVC August 27th announcement, Wu Changjiang and Yan Yan has many matters to spread out a talk. But at the same time emphasizes, talks only occurs in Wu Changjiang and chairman, at the present stage of Wu Changjiang's future in the company positions did not come to an agreement.
On the forum site, Yan Yan also express volumes to the media said, everyone's moral must have a basis, not something you don't get. The company's things to your own pocket, are not supposed to do. He said, " if only economic and business interests, the basic can achieve through compromise, but relates to important events, it is not so simple. "
The comments was reminiscent of interim report published by the high receivables. According to the 2012 results show, during the reporting period, NVC management expense increases over 90%, mainly due to the company on the part of receivables and prepayments for provision of bad debts, amounting to $9884000, which are connected with Wu Changjiang who 's accounts receivable as much as $7854000.
In addition to open accounts, executives continue to leave the news is sufficient to offset the executives regression of the good news. On August 24th, non executive director Xu Mingyin submitted his resignation August 29th; independent non-executive director Alan Russell POWRIE announced his resignation from all positions in the nvc.
At present, the members of the board of directors by the beginning of the year 9 fall to 7, has to do with the stock exchange of Hongkong's stock listing rules. The board said, looking for suitable candidates for appointment of independent non-executive directors and committee members, to meet the listing rules. While the existing 5 teams, only Mu Yu is the executive director of the Department of.
Wu Changjiang's return has not released announcement, also let the employees feel anxiety. " Notice not will not feel at ease. Mr. Wu ( Wu Changjiang ) will not return, General Yang ( Yang Wenbiao ) set performance goals is unlikely to be completed. " NVC Lighting Sales Department of Shanghai an anonymous staff in an interview with reporters said.
Be threatened by growing crises dealers.
In August 28th, Xu vice in micro-blog that NVC vice president Yang Wenbiao issued a performance target: " domestic marketing system before the end of the year to sprint performance, death and the early targets for 80%, who cannot complete performance, removed from office. "
The first half of the year, NVC operating income of $256000000, down 4.1% from a year earlier, gross profit of $57570000, down 18.1% from a year earlier, pretax profit of $11760000, down 75.1% from a year earlier, profit was $6468000, down 83.7% year-on-year.
" Strife of NVC 's impact is very big, the dealer in recent months lost many orders, but not to get the order goods, the company will therefore credibility. " Internal employee Mr. Wu told reporters.
It is understood, by supply shortage, NVC during loss of Vanke, Hengda and business customers. According to the previous relevant media reports, Vanke as example, regardless of other projects, this several months only refined decoration projects cancelled orders amounted to tens of millions of dollars.
The electrical switch factory reproduced reference www.jiandq.com