Due to the novel coronavirus pneumonia outbreak in China and abroad, all enterprises in the LED industry were affected by the epidemic. The performance in the first quarter of 2020 was poor, but most of them achieved profits.
The main reasons for the poor performance are the general delay in the resumption of work of the company and upstream and downstream enterprises. Meanwhile, because of the traffic restrictions and the unsmooth logistics transportation, the return of personnel is blocked, and the sales orders are delayed or reduced. The production and sales of the company in the first quarter are affected to a certain extent, resulting in the decline of the company's operating revenue and profit in the first quarter.
At present, with the effective control of domestic epidemic situation, the market has gradually recovered, and the whole operation of the company is steady. In order to actively cope with the impact of the epidemic situation, we take a number of measures to fight for and integrate resources under the premise of doing a good job in the epidemic prevention and control measures, and actively expand the market to ensure the orderly development of production and operation.
However, the current situation of corona is still unclear, and its heavy losses to the global economy are still hard to predict. Many LED companies believe that this is not the most difficult time.
Some experts predict that the impact of virus crisis on the real economy is greater than that of the financial crisis in 2008. The spread of the epidemic and the fluctuation of oil prices are the causes of the economic crisis. "The most difficult period is from June to August of this year, but the crisis cannot be predicted without a word. We must be prepared for a long-term" cold winter "
Another expert pointed out that, in fact, some export-oriented enterprises are worried about their business from April to June. However, if the global epidemic can be ended before the end of June, then the impact on them will not be great.
Always do the worst plan, do the most adequate preparation, it is more likely to survive this "cold winter", to meet the spring of the LED industry!