Recently, Xinsanban Zhaojing Optoelectronics (831240) stated that Philips (China) Investment Co., Ltd. (hereinafter referred to as “Philipsâ€) has quality defects in the quality of its lighting fixtures, and filed a lawsuit with Philips to request that all procurement contracts be rescinded and paid back. 6283.72 million purchase money.
As the only major supplier of Laiguang Optoelectronics in 2015, Zhaojing Optoelectronics purchased a total of 11.5712 million yuan from Philips during the year, accounting for 87.63% of the total annual purchases.
On April 28, 2015, Lai King Optoelectronics invested in land and plant. Philips invested in core equipment and technology to establish the Philips-Lai Jung Optoelectronics Central Plains Joint Production Base. The total investment of this project is about 3 billion yuan, and the planned area is 700 mu. It is planned to build 10 modern photoelectric lighting production lines.
Lai King Optoelectronics has become a Philips partner from the original Philips dealer. However, once partners have faced courtroom situations.
On July 8, 2016, Philips filed a lawsuit to Yuen King Optoelectronics. It is reported that Lai King Optoelectronics was sued because of a dispute over the sale and purchase of goods. The company failed to pay the purchase price on time and was sued by Philips for payment of 12.5696 million yuan.
Lai King Optoelectronics stated that in 2014-2016, the company provided EMC energy management solutions to Xuchang City and other districts and counties under its jurisdiction. Philips is the only designated brand for this EMC energy management program. As of December 31, 2016, there have been quality problems with 2,917 street lamps, and the number of damaged lamps has continued to climb.
Zhaojing Optoelectronics stated that the quality of the lamps provided by Philips has seriously affected the company's EMC energy management later maintenance and management. In addition, after July 2016 and from January to March 2017, the company requested Philips to make claims. Philips' various pushes and slacks have caused serious adverse effects on companies and energy-using units.
On March 17, 2017, Lai King Optoelectronics filed a lawsuit against Philips, requesting the court to rescind all procurement contracts with Philips, and requested Philips to return the purchase payment of RMB 62,827,200. At present, this case has been accepted by the People's Court of Jing'an District of Shanghai and has not yet been held.
It is reported that Philips is one of the major suppliers of Junjing Optoelectronics in 2016, and the purchase amount in 2016 was RMB 860,000, accounting for 8.36% of the total.
Leijing Optoelectronics had been warned by the regulator for failing to disclose lawsuits in a timely manner last year.
In November last year, Lai Jing Optoelectronics issued an announcement stating that the company received the "Regulations on Taking Warning Letters to Lujing (Shanghai) Optoelectronics Technology Co., Ltd." by the Shanghai Securities Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Shanghai Regulatory Bureau"). .
On July 8, 2016, Haojing Optoelectronic received a “response notice†from Philips (China) Investment Co., Ltd. in the People’s Court of Jing’an District, Shanghai, suing the company for payment of payment of 12.9676 million yuan and overdue liquidated damages. Take legal costs. Haojing Optoelectronics did not disclose the above major lawsuits in a timely manner until August 9, 2016.
The Shanghai Supervisory Bureau believes that the above behavior violates the provisions of Articles 20 and 25 of the Measures for the Supervision and Administration of Unlisted Public Companies. According to the provisions of Articles 56 and 62 of the "Administrative Measures for the Supervision of Unlisted Public Companies," it was decided to give warning to Yujing.
Lai King Optoelectronics was officially listed on the New Third Board on October 31, 2014. It is mainly engaged in the contract energy management of LED lighting products, urban lighting projects, and central fresh air system products.
In 2016, the operating income was 37,460,600 yuan, up 92.31% year-on-year; net profit was 10,513,600 yuan, up 83.14% year-on-year.
According to the announcement, the total liabilities of Haojing Optoelectronics in 2015 and 2014 were RMB 47.449 million and RMB 37.5451 million respectively, and the debt ratios were 46.42% and 67.45%, respectively.
Compared to the operating income of Lich King Optoelectronics in 2014 and 2015 of 14.8166 million yuan and 19.8976 million yuan, the amount of liabilities is relatively large. The total liabilities for the first half of 2016 were 36.954 million yuan.
The auger bit adds a long deep spiral flute for effective chip removal.
Two styles of auger bit are commonly used in hand braces: the Jennings or Jennings-pattern bit has a self-feeding screw tip, two spurs and two radial cutting edges. This bit has a double flute starting from the cutting edges, and extending several inches up the shank of the bit, for waste removal.
The Irwin or solid-center auger bit is similar, the only difference being that one of the cutting edges has only a "vestigal flute" supporting it, which extends only about 1â„2 in (13 mm) up the shank before ending.
The diameter of auger bits for hand braces is commonly expressed by a single number, indicating the size in 16ths of an inch. For example, #4 is 4/16 or 1/4 in (6 mm), #6 is 6/16 or 3/8 in (9 mm), #9 is 9/16 in (14 mm), and #16 is 16/16 or 1 in (25 mm). Sets commonly consist of #4-16 or #4-10 bits.
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