• Categories:Enterprise News
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• Time of issue:2020-05-12 10:15
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(Summary description)

1. As you can see, China has basically controlled the epidemic situation, and the production of the resumption of work has been carried out orderly throughout the country. Since February 15, Zhongshan City has not added new confirmed cases for 18 consecutive days. 90% of the factories in Zhongshan City have been resumed and in good order.

2. Our office staff have been working in remote way since February 3. The factory actively cooperated with the government requirements, purchased the guarantee materials, and continued disinfection of the plant. It was approved by the government from February 17 and resumed in batches. At the same time, in order to ensure high recovery rate and further guarantee the safety of employees, we hired special vehicles to pick up the employees in other provinces. So far, The return rate of our factory employees has reached 92%, and the capacity has basically recovered to the level of years ago.

3. Raw materials and suppliers: we have enough materials in stock before, we investigated the resumption of suppliers, 90% of the suppliers have been resumed, and the capacity is gradually rising. In order to prevent the fund turnover of our suppliers, our company paid the payment in advance, and locked the first batch of production capacity with the suppliers to ensure that our raw materials are not affected.

4. In terms of company funds:

Our company has been in sound financial position since its establishment, and we attach great importance to cash flow. We understand that "cash is oxygen" as Buffett said. The cash is enough for the company to survive for 8 months without income. And we are already shipping and collecting money, so the cash flow will not be affected. The company will continue the plan of last year, upgrade and transform sheet metal project, hot towel rack, hanging item (what customers say), add new factories, and strive to provide you with better products and more guaranteed capacity.

At the same time, because we are high-tech enterprises and enterprises above scale, the government has epidemic subsidies to ensure the employment rate and stability, which is also a great help to us.

We have also signed a credit agreement with Bank of China to ensure that there is sufficient cash to support operation and development.

5. Capacity: sorry for the delay of the delivery period caused by this epidemic. Although it is force majeure, please accept our most sincere apology. As mentioned above, our capacity has gradually returned to the state of year ago, but due to the backlog of orders, it will take 1-2 months to alleviate. In order to reduce the impact of delivery as soon as possible, we sincerely hope to get your expected orders, which will guarantee our recruitment and capacity expansion, so as to better guarantee your delivery period. thank you.

We will keep reporting to you about our epidemic situation and capacity. thank you!