According to Taiwan media reports, Taiwan’s semiconductor component distributors, the United Nations General Assembly, held a law conference on the 7th to announce the fourth quarter of last year’s financial report, recognizing the loss of overdue bad debts of customers’ music, which was 330 million yuan. Net profit fell to 0.22 yuan, and the season was reduced by 80%.
Huang Weixiang, chairman of the General Assembly, pointed out that he will remember the painful lessons and will do a better job of risk control in the future. The company emphasizes that this is based on a conservative and conservative accounting principle. It is decided that one-time recognition does not mean negating LeTV. The United Nations General Assembly supplies LeTV. It also hopes that customers can operate steadily and exist forever. It is a good thing for the industrial chain. .
However, after the United Nations General Assembly chose to recognize the loss of bad debts at one time, the industry believes that based on the conservative and conservative accounting principles, including Compal, Heshuo, Wenyu, etc., there are numerous LeTV supply chains in Taiwan, the fastest last year. The season will be forced to recognize some of the bad debt losses, and the "Le Shi storm" impact is difficult to avoid.
Huang Weixiang said that there should have been a high chance last year. In addition to revenue, profit can also be a new high, but unfortunately, the late payment at the last minute of December made the big league a lose.
Huang Weixiang said frankly that the United Nations General Assembly is not doing a good job in risk control. I hope that this painful lesson will make future risk control better.
In response to the choice of one-time elimination of LeTV's bad debts, the General Assembly stressed that this is based on the decision of conservative and conservative accounting principles, and absolutely does not want to affect customers, the repayment agreement between the two parties continues, and cash is shipped.
Looking forward to this year, Huang Weixiang pointed out that the global political and economic environment is still in a downturn, low-growth industries are still low-growth, and the Internet of Things has not yet become the main kinetic energy of the semiconductor industry. However, the basic strategy of the UN General Assembly remains unchanged, and it is hoped that the output value will be continuously improved and the process optimized. .
LeEco's bad debt storm began to react to the financial report of the fourth quarter of Taiwan's last year. The known semiconductor channel, Wenyu, is expected to face a problem of about 600 million Taiwan dollars in accounts receivable. LeTV's supply chain is deep and wide, and it has been announced by the recent financial reports of the affected companies.
Wen Hao announced at the end of last year that LeTV’s arrears indicated that the total amount of accounts receivable for LeEco was US$22.65 million; of which, the amount of overdue accounts was US$18.74 million. Wen Hao will hold a law conference on the 9th to announce the fourth quarter and full-year earnings report last year. The industry expects that last year's earnings report should reflect some of LeTV's bad debts.
Taiwanese companies have cooperated closely with LeTV in the past. The manufacturers who have been in arrears of payment should not only be known by the outside world, but also the semiconductor distributors are also owed a million dollars to LeTV. Although they have not been disclosed, they should appear in the fourth quarter of last year. To the first quarter of this year's earnings report.
As of the end of September last year, Compal had a total of 8.29 billion NTD in receivables from LeTV, of which the amount of overdue was 1 to 180 days was 4.25 billion yuan. In the third quarter of last year, the allowance for bad debts was 116 million yuan. LeTV’s material value stored in Compal was greater than the amount of the account, and the repayment plan was also initiated. It was repaid in mid-November last year, and the performance was good. The trading conditions of the two parties remained unchanged.
Electronic enthusiast network comment1. As the semiconductor industry develops faster and faster, the life cycle of electronic components is becoming shorter and shorter. In addition to expanding the market and serving customers, electronic component distributors must also share the cost of inventory and reduce the pressure on collection. The dual role. If the risk control is not done well, there may be a large number of bad debts and significant operational risks.
2. Due to the global macroeconomic weakness, many downstream electronic products have been in a low interest, and the distribution industry has a sluggish profit in the face of sluggish market demand and fierce competition. More need to be carefully calculated, risk control is done well, depending on the customer's business changes and keep up with the pace of change, in order to operate steadily.
3. It is expected that the demand in the terminal market will remain sluggish in 2017 and there may not be any major improvement. After frequent mergers and acquisitions in the original factory, channel management must also change. Distributors should actively embrace change, select key markets and key customers, learn lessons, and manage risks.
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