11.24 Morning News | GE Lighting China layoffs, exposed some employees pay unreasonable

It is less than two months since 30 dealers collectively protested GE Lighting's termination agreement, and GE Lighting was again unreasonably compensated by the layoffs. GE Lighting is gradually withdrawing from its Asian operations, including China, and will leave several leaders, but many employees will lose their jobs.

The lighting China headquarters is located in Shanghai Zhangjiang Hi-Tech Park, with about 100 employees, and several other offices add up to hundreds of people. Some employees have reached an agreement with the company and will be compensated according to a higher standard, while another group of employees will perform layoffs in accordance with the minimum standards of the Labor Law.

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1. Core technology overseas acquisition is still a long way

The Chinese acquisition of the Ai Siqiang deal was vetoed by the US CFIUS again after encountering the German government’s first approval. CFIUS believes that the transaction poses a potential hazard to US national security and has handed over the proposal to veto the transaction to the US President for approval.

2. The pattern of the global LED industry is changing.

In the third quarter, Ronda Electronics was affected by factors such as continued price declines and cautious orders from the company. The accumulated loss per share was approximately RMB 0.3 (NT). It is expected that in the fourth quarter, when the backlight enters the traditional off-season, although the lighting is still prosperous but the price trend has not changed, the single-quarter revenue may be further explored.

3, diversified market to eat is a way out or perhaps a dead end

Drive IC factories accumulate in addition to sticking to the display market, while actively deploying the automotive market. At the same time, we are optimistic about the small-pitch display market next year. Shipments are expected to grow by 30% compared with this year, and revenue will grow by about 10% to 12%.

4, selling assets for multinational companies, time is money

In the fiscal year ending September 30, OSRAM's continuing operating income increased by approximately 6% compared to the same period last year, reaching 3.78 billion euros. From the results of the book income from the sale of Foshan Lighting Co., the net income from continuing operations more than doubled to 532 million euros.

5, 2017 global LED market competition to see blood

In the year of 2017, the LED industry gradually got rid of the trough and rebounded. Looking forward to 2017, Nichia Chemical Co., Ltd. believes that the LED industry market situation is still grim in 2017. Although there is room for growth in the overall situation, the oversupply situation in the LCD backlight and lighting market will continue. The car market will grow.

6, LED materials, the new three board listing first stock

The application for the listing of the Comeite (839600) New Third Board, which is mainly engaged in silicone packaging materials, was approved. The operating income in 2014 and 2015 was 102 million yuan and 114 million yuan respectively, and the net profit was 310.702 million yuan and 9,736,200 yuan respectively.

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