Samsung Electronics Communication Co., Ltd., Shenzhen On May 2nd, Li Zairong, vice president of Samsung Electronics, was in Shenzhen, China. This is his second overseas business trip after he was released from prison in February. He visited Canada and Europe a month ago. Li Zairong, who accompanied Li Zairong on a business trip, mainly took the upper reaches of the terminal industry chain, including Jin Qinan (KimKi-nam), Jin Qiaoyong (JinGyo-young), Kang Renye (KangIn-yup) of the system LSI business, and CEO Li Dongxun (LeeDong-hoon), the display company. Samsung official responded exclusively to reporters that the current confirmation trip was only a meeting with BYD executives in May 2nd. A former BYD senior told reporters that BYD produced almost all metal shell products for Samsung Electronics. However, it was just a few days before Li Zairong was on a business trip to Shenzhen. There are media reports that Shenzhen Samsung Electronic Communications Company (hereinafter referred to as Shenzhen Samsung) will be revoked, and about 320 employees will be disbanded at the end of April except for 6 Korean executives. In response, SamSung China responded exclusively to its reporters, saying that Samsung Electronics has made a decision to write off the strategic consideration of strengthening the competitiveness of the network business. Samsung Electronics will properly resettlement employees and re employment, and provide necessary help to transfer Samsungs other companies. However, as of press time, the sky eye showed that the business information of Shenzhen Samsung Electronic communications company is still in the state of being renewed. The reporter called the companys official telephone, a staff member told the reporter that the company still has people, if you need to know the details, please come to the company to find special personnel to know, other information can not be disclosed for the time being. Shenzhen Samsung launched a net loss of 294 million yuan in May In January 8, 2002, Shenzhen Unicom officially opened the CDMA network. On the 16 day, Li Jitai, President of the Samsung Electronics Communications Department of South Korea, visited the Deputy Secretary of the Shenzhen municipal Party committee and deputy mayor Li Decheng, and discussed the progress of the first phase of the CDMA project of the South Korean Samsung Electronics Co Ltd and the China Science and health Limited by Share Ltd. On the 28 day of the month, the first batch of the first 20 thousand Samsung - Ke Jian composite brand CDMA mobile phones were produced in the Ke Jian production line, and will be put on the market. In the year, the Samsung independent brand CDMA mobile phone produced in Shenzhen was market. In February 26th, Shenzhen Samsung Jian Jian Mobile Communication Technology Co., Ltd. registered capital of 20 million US dollars. After that, the company changed to Shenzhen Samsung Electronics Co., Ltd. after several changes in equity. The Shanghai SASAC subordinate Shanghai Alliance Investment Ltd held 5% shares, and Samsung Electronics Co., Ltd. shares 95%, as a controlling shareholder. Shenzhen Samsung transfer information This is the first communications equipment factory built by Samsung Electronics outside the Korean mainland. However, 16 years later, the Shenzhen Samsung Corp chose to dissolve the factory because it failed to enter the Chinese telecommunications market, and is about to start the liquidation process. In May 2nd, the Shanghai joint property exchange disclosed that the Shanghai Alliance Investment Ltd commissioned third party companies to apply for the transfer of 5% of the shares held by Shenzhen Samsung Electronic Communications Co., Ltd., with a transfer base price of 6 million 322 thousand and 900 yuan, and a one-time payment for the payment of the transaction price, and the transfer guarantee of 1 million 890 thousand yuan. The corresponding evaluation value of the final transfer mark is 6 million 241 thousand and 400 yuan. The announcement shows that Shenzhen Samsung is located in Nanshan District, Shenzhen, Samsung, and is a state-owned share holding company. Its business scope is to study, develop, produce, manage mobile phone and network products, and provide after-sales service, and engage in the wholesale, import and export business of spare parts for mobile phone and network products. The number of employees in the job is 94. The announcement also disclosed the annual audit report of the company in 2016 and 2017 and the corporate financial report as of February 28, 2018. The annual audit report shows that in the past two years, Samsungs operating income in Shenzhen was 1 billion 810 million yuan and 2 billion 340 million yuan respectively, with net profit of 65 million 974 thousand yuan and 90 million 567 thousand yuan respectively. Corporate financial report shows that its operating income is 39 million 244 thousand yuan and net loss is 294 million yuan. As a matter of fact, the Shenzhen Samsung Corp already started disposing of machinery and equipment in March and entered the demobilization process early. According to the announcement, Shenzhen Samsung has disposed of 40 machines and equipment, with the original value of 2 million 37 thousand yuan, the net book value of 595 thousand yuan and the disposal value of 691 thousand yuan, and the disposal of electronic equipment in the total 122 sets, the original account value of 948 thousand yuan, and the net book value 93 thousand yuan. The value is 88 thousand yuan. Shenzhen Samsung is expected to start the liquidation process in May 2018. It will scrap the surplus stock and reclaim the waste stock by the garbage station after destructive crushing. The value of the surplus inventory is 0 yuan. At the same time, according to the internal N+4 compensation scheme, the enterprise raised 46 million 178 thousand yuan to quit welfare, and according to the notifications of the international tax administration department of the State Tax Bureau of Shenzhen, SSET needs to pay the enterprise income tax, totalling 174 million yuan. Shenzhen Samsung releases labor contract agreement blue whale TMT In addition, the total amount of material payable in the accounts payable is 14 million 245 thousand yuan, which is expected to be paid by the enterprise expected to receive the surplus raw material provided by the supplier in the future. The above raw materials can not be returned according to the single production, and the evaluation is determined by the amount of the enterprise. Samsung is the ninth largest shareholder of BYD after returning from prison. In February 6, 2018, after being detained for 353 days, Li Zairong was sentenced to two years and 6 months, suspended for four years, and released in court. After the release of Li Zairong, the Samsung Corp ended the previously leaderless state. Samsung spokesman said that Li Zairong will resume the position of vice president of Samsung Electronics. His father, Li Jianxi, is the chairman of SamSung group. After the sudden heart attack in 2014, Samsungs actual management power gradually turned to Li Zairong. Samsung Group is a Korean industrial giant, in addition to the electronic industry, whether it is traditional food, cosmetics, shipbuilding, chemical industry, or new hotels, cars, shopping centers and other industries, almost all have the brand of Samsung. According to the statistics released by the statistics office of Korea, Samsungs revenue accounted for 22% of GDP in 2016. Li Zairong is the second generation successor of the SamSung group. After his father Li Jianxi lost his capacity for heart disease three years ago, Li Zairong has begun to influence the major decision of the SamSung group through informal channels, and in fact it is the core decision maker of Samsung Electronics. Unlike Li Jianxis conservatism, Li Zairong, who was educated by Japan and the United States, was bent on building a brand new empire. However, under the influence of Pu Jinhuis case, Li was absent from Samsung Electronics in the past year, but Samsung Electronics became the most profitable company in the world, and its revenue reached 2 million 395 thousand and 800 won in 2017, breaking the history record. However, in the four generation of the crisis, Samsungs smartphone sales were overtaken by apple in the fourth quarter, and the memory chip business rose to the ceiling along the way. In response to the crisis, at the end of 2017, Samsung Electronics had reorganized its executives inside, and the former CEO rights five Hyun gave way to a younger generation of managers, with a total of 14 executive changes and a new appointment of 7 executive level executives. The average age decreased from 5 to 55.9 years. The positive significance of Li Zairongs return was huge. The closing price of Samsung Electronics was 2 million 396 thousand won, or about 3.1%, on the day of release. Before involving these cases, Li Zairong led the biggest deal in Samsungs history to buy an American auto parts maker Haman international for $8 billion, but before that, it rarely involved overseas mergers and acquisitions. In addition, Li Zairong also led Samsung to invest in bio pharmaceuticals and other fields. Insiders believe that Samsungs $77 billion cash has been ready for Li Zairong. When Samsung shares BYD, there have been media reports that Samsung has been providing automotive semiconductors and LCD monitors for BYD, while BYD has been providing Samsung with smartphones. However, due to the bottleneck in the growth of smart phones, automotive electronics and batteries are considered to be the future direction. It is worth noting that Li Zairong and Jin Qinan are both experts in semiconductor industry. Samsung Electronics Chinas business is declining Unlike Samsungs global business development, Samsung has been doing business in China in recent years. In particular, the market share of smart phone business in China has been declining year by year. The third party Counterpoint data show that in the first quarter of 2018, Samsungs shipments of smart phones in the Chinese market were only 3 million 500 thousand, down nearly 60% from the same period last year. Market share also dropped from 8.6% a year ago to 3.3%, down from the top five of the market. When Samsung performed best in the Chinese market, its market share once exceeded 20%. Samsungs Note7 frying door has led to a sharp fall in Samsung mobile phone sales. The failure of Samsung in China is due to failure to meet the needs of Chinese consumers, and Chinas domestic mobile phone brands are deeply impressed by Chinese users, said Yan Zhi Meng, the research director of the agency. Apart from mobile phone business, Samsungs other businesses are also facing a huge crisis. Among them, the market of color TV is squeezed by Hisense, TCL, SKYWORTH and SONY, and the share of Samsung market continues to fall; the market of air conditioner, refrigerator and washing machine is the market of white electricity, and Samsung has been free on the edge of the market. The Korean Herald reported that in 2016, the number of Samsung Electronics employees declined for the first time in 7 years due to the restructuring of Chinas business sector, down 5.2% from the same period last year. Samsungs total number of employees in China dropped to 37 thousand, down 17.5%. Due to the lack of demographic dividend, Samsung has gradually shifted manufacturing plants to Southeast Asia and India. Source: Beijing News Editor: Han Jiapeng _NN9841 Apart from mobile phone business, Samsungs other businesses are also facing a huge crisis. Among them, the market of color TV is squeezed by Hisense, TCL, SKYWORTH and SONY, and the share of Samsung market continues to fall; the market of air conditioner, refrigerator and washing machine is the market of white electricity, and Samsung has been free on the edge of the market. The Korean Herald reported that in 2016, the number of Samsung Electronics employees declined for the first time in 7 years due to the restructuring of Chinas business sector, down 5.2% from the same period last year. Samsungs total number of employees in China dropped to 37 thousand, down 17.5%. Due to the lack of demographic dividend, Samsung has gradually shifted manufacturing plants to Southeast Asia and India.