The reconciliation of the aftermath of NVC is a helpless compromise.

Necrotic sequelae

NVC lighting founder Wu Changjiang and the current chairman of the board and Schneider (China) chairman Zhu Hai three giants openly shake hands. Since NVC, its share price has once fallen to 0.8 Hong Kong dollars. Although the stock price has stabilized at around HK$2 after the recent continuous surge, the highest share price of HK$3 in May before Wu Changjiang’s resignation still has a gap of more than HK$1. This also reflects the impact of the incident on NVC lighting from one side.

At present, NVC is making every effort to make up for the operational losses caused by the previous infighting. Wu Changjiang revealed that the company's production and sales have returned to normal. But it does not mean that this "infighting" has melted without a trace. The calmness on the surface may mean that the sequelae caused by guilt are just beginning to appear.

At the new brand launch conference held by Shenzhen Green Semiconductor Lighting Co., Ltd. on October 12, a number of NVC lighting dealers from Inner Mongolia, Shandong and other places were invited to participate. Some dealers said that the NVC headquarters dispute had caused losses, and NVC's products could not keep up with the pace of market development, so it has begun to consider selling more products than NVC.

A dealer from Inner Mongolia has worked with NVC for more than 10 years. He told the media that the product of NVC had been out of stock, and the signed engineering order had to be discontinued. Now that the supply has returned to normal, the company’s high-level disputes have hurt the dealer’s confidence, and now the mind is somewhat affected.

The above-mentioned dealers said that they have concerns about the replacement of products by NVC. "Now the lighting industry is in a period of adjustment. The future trend is that LED lighting replaces traditional lighting. NVC's products are mainly based on traditional lighting, so I want to find a strong brand that specializes in LED lighting," he said.

Zhang Xiaofei, director of the High-tech LED Research Institute, also believes that NVC currently has a small share of the LED field. Last year, LED lighting sales were less than 200 million yuan, less than 1/20 of its total sales, accounting for the entire industry. The proportion is even less.

Zhang Xiaofei also said that NVC has plunged its channels and has intensified its difficulty in the LED field.

In addition, the same problem is faced in cooperation with end customers. Beijing Guangyao Oriental Group Co., Ltd. (hereinafter referred to as “Guangyao Oriental”), a real estate developer who planned to sign a strategic partnership agreement with it, was once ready to stop cooperation after the incident broke out. "After this incident, we are also very worried. I am afraid that the current supply will be affected. Second, I am afraid that if NVC's future development is affected by the incident, it will definitely affect our long-term cooperation with NVC in the future. The timely resumption of work by NVC did not affect the supply to us. Under their concerted efforts and explanation, we finally signed a strategic cooperation agreement.” Zhang Baoqing, director of Guangyao Oriental Cost Purchasing, told reporters.

Although the contract was signed, Zhang Baoqing, who was worried about it, told the reporter very uncomfortably. I don’t know if there will be any changes in the future.

collaboration? Helpless?

In this regard, the views of the industry are not consistent. Some viewpoints believe that after the storm, Wu Changjiang, Yan and Zhu Hai will learn lessons, converge, and drive a new balance point driven by interest leverage.

At the same time, some people believe that Wu’s disagreement with investors is a divergence between traditional rule of man and modern rule of law. It is a cultural disagreement. It is a disagreement between China’s authoritarian culture and Western democratic culture, and deep-rooted differences. Moreover, the problems of related transactions and commercial bribery that were previously transmitted have not been fully clarified, and these will become hidden dangers for the future development of enterprises.

Ren Haoning, a researcher in the energy industry of China Investment Consulting, told the media that the three companies were not optimistic about the industry when they broke up. The investors were worried about the future of NVC lighting. If they are cracked because of "small" problems such as employee welfare and leadership conflicts, Wu Changjiang will eventually be out of the game, and I am afraid that professionals in the industry are unconvinced.

At the same time, the suspicion that the three people concealed "external contradictions" by upgrading "internal contradictions" has always existed, and some people believe that this reconciliation is also a helpless compromise. Ning Hao believes that as a strategic investor, Schneider and Safran's only goal is profit, holding or power. The implementation of various means and strategies is to serve huge profits. As the founder of NVC Lighting, Wu Changjiang played a very important role in the development of NVC. This is something that no other person can replace. Both Schneider and Schneider clearly know this.

Zhang Yulin, research director of China Investment Consulting, said that the production of NVC lighting farce was not surprising, and it ended in line with market expectations. From the moment when Wu Changjiang boldly introduced foreign capital, he was doomed to various contradictions among the three. There are many conflicts that are difficult to reconcile in the management of the heroic era and the modern enterprise management system.

At the same time, he also believes that as a well-known traditional lighting enterprise in China, NVC has an extremely strong comprehensive strength in the field of lighting. The leadership can return to the right track in time, which is of great positive significance for stabilizing employees' emotions and adjusting development strategies. The market space of LED lamps is huge and the development speed is fast. It is likely to become the leading product in the future lighting field. What measures will NVC Lighting take to seize the market commanding heights is worth our expectation.

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