Can Rouyu Technology, who has been frozen in the "Storm Eye" in the "Eye Eye" of employees?

Reporter Jia Li

Since the sprint on the market, it has been staged from the drama of the lack of salaries, the suspension of production, and lack of money to the frozen assets to be frozen. The technology giants have gradually declined. Recently, Rouyu Technology was seized as the founder of Liu Zihong. This darling darling with a valuation of 50 billion yuan in the past is now standing in the "Eye of the Storm."

"Who can bear the wages of arrears?" A former employee of Rouyu Technology told the Securities Daily reporter, "The staff of Rouyu Technology Marketing Department basically gone, and some core technicians have left."

The relevant person in charge of the public relations company who litigated with Rouyu Technology revealed to the reporter that the other party does not pay the arrears. At present, the court has frozen some of its assets, and the other party claims that the arrears are unable to repay the debt. "At present, we can only wait for the enforcement." Essence

Can Rouyu Technology, which was once regarded by the outside world as a star of technology, broke through the current dilemma?

Many suppliers say they cannot recover the arrears

Rouyu Technology, which has launched the world's lighter flexible display and appeared in the "subverter" of the industry with panels, has previously been sought after by the industry. But last year, its listing plan died and the aura gradually faded, and the company was in arrears and suspended production crisis. Under the application of many suppliers, some assets of Rouyu Technology have been seized and frozen.

Recently, the crisis of Rouyu Technology's capital chain continued to ferment, and the news of Rouyu Technology's "evaporated" of 10 billion yuan assets in the industry. On September 19th, Rouyu Technology, who was in the center of the storm, issued a statement in the official official that the commercial disputes involved in the article had been resolved through friendly consultation or normal legal channels. At present, the company's operations are normal and orderly.

However, many Rouyu technology suppliers said in an interview with the Securities Daily that they cannot recover the arrears and can only wait for the court to decide. Tianyancha APP shows that as of now, Rouyu Technology has been forced to execute repayment over 100 million yuan. The company has 579 peripheral risks and 604 warning tips. Most of them were enforced by the court by the court, legal lawsuits, and real estate mortgage information. A person familiar with the matter revealed that Rouyu Technology and its related companies actually owed hundreds of millions of yuan.

Earlier, due to the total project funds of 101 million yuan, Rouyu Technology was sued by Shanghai Baoye Group to the court, and was later listed as the executed person by the court.

In September this year, Rouyu Technology had long arrears for advertisers and financial public relations expenses for a long time, and was forced to freeze assets by the court because of failure to repay the arrears. The Tianyan Check APP shows that according to Rouyu Technology's non -complaint review ruling, blue cursor and other companies have applied to the court for seizure and frozen Rouyu Technology's total value of 37.14 million yuan in property. The court finally ruled to seize and freeze.

"It can no longer be contacted by their core senior management. At present, the company's legal department also negotiates with Rouyu's technology through the court." A person in charge of a blue cursor said.

It is understood that Rouyu Technology has owed some employees for more than half a year, and the company also announced in April this year that some employees have been vacated. "Many core technicians have left or hopped because of the arrears of salary. This slow consumption state of unpaid vacation has made many people unavailable." The former employees of Rouyu Technology said, "At present, Rouyu Technology's staff members are compared to 70 % of the peak periods have been lost. "

Will capital continue to throw olive branches?

Since its establishment in 2012, Rouyu Technology has completed a total of 13 rounds of financing, with a total of 9.85 billion yuan in financing. The market's valuation of Rouyu Technology was expected to reach 50 billion yuan.

It supports Rouyu Technology's high valuation is its full flexible display technology. In June 2018, Rouyu Technology invested 11 billion yuan and put into production with the world's first full flexible display large -scale mass production line with independent intellectual property rights.

Since then, on the eve of the outbreak of the folding screen, Rouyu Technology launched the first foldable flexible screen mobile phone -Roupai, earlier than Samsung and Huawei. At that time, it was once known as the originator of the mobile phone. Rouyu Technology announced that its new ultra -thin color full flexible display has a thickness of only 0.01 mm and a curly radius of 1 mm. The third -generation cicada wing full flexible screen has greatly improved the reliability of the product.

The technology seems cool, but the product is always difficult to get market recognition. According to the prospectus disclosed by the company earlier, from 2017 to the first half of 2020, Rouyu Technology lost a total of 3.195 billion yuan.

"Rouyu Technology is the earlier 'player' in the folding screen mobile phone market, but the product sales are not available, and the cost has not been coming down, resulting in the endless layer of the folding screen mobile phone manufacturers and the upgrade of product iteration. The screen mobile phone market will also go through a new round of shuffling, and some brands will be eliminated. "Yuan Bo, a researcher and communication engineer of the research institute, believes that" the situation of Rouyu's technology loss in the short term is difficult to change. At present, the folding screen smartphone Mainstream suppliers have been relatively mature. Relatively domestic BOE and Weixino, Rouyu Technology fails to become the mainstream supplier of the supply chain, even to the edge. "

In his opinion, not only is it an external competitive factors, but the business strategy of Rouyu Technology's own mistakes has also led to the best opportunity window. "BOE has also faced a loss of losses, but its technical route is in line with market trends, and the commercialization of technology has been realized. Rouyu Technology is a typical re -research and development enterprise. Yu Technology has self -developed technology, but has not used this advantage to cooperate with the head smartphone company, and put a lot of funds on the self -built mobile phone production line. This heavy asset model has led to the high cost of Rouyu Technology's research and development. Without establishing a mobile phone brand, it is disconnected in the market. "At present, low -temperature polysilicon technology is widely used in the OLED screen market, and the ultra -low -temperature non -silicon process integration technology adopted by Rouyu Technology is controversial due to the poor performance of its products. Essence At the same time, folding screen flexible technology is still in the early stage of development, the prospects are not yet clear, and the cost is high to make the industrial chain manufacturer's resistance. Looking at the market, BOE, TCL Huaxing and other shows that companies such as flexible screens have diversified products while developing flexible screens, and interact with mobile phone manufacturers to make up for high R & D expenditures.

Wang Peng, a researcher at the Beijing Academy of Social Sciences and researcher at the Intelligent Social Governance Research Center of Renmin University of China, said in an interview with a reporter from the Securities Daily that the current application scenarios and space of the folding screen are still broad, and the folding screen mobile phone is in the section of volume. From the entire industry, the entire industry From the perspective, full flexible technology is still in the sprint stage. Whether it is ultra-low-temperature non-silicon-to-silicon integration ULT-NSSP technology or low-temperature polysilicon LTPS technology, there is still a long way to go. The potential for commercial value development cannot be ignored. If Rouyu Technology can quickly adjust the positioning, better combine technology research and development and commercialization, focus on technology and business, and build an ecology with partners, there is still a chance.

"After the money is burned, it is still unknown whether the capital will extend the olive branch again, which is still unknown for Rouyu Technology." The former employee of Rouyu Technology said.

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