Interpretation of Sanan Optoelectronics' high-level shift: Nuwa's abdication son succeeds

[High-tech LED News] On November 15, 2011, Sanan Optoelectronics (600703) announced that the ninth meeting of the seventh board of directors of the company was held on November 14, 2011, and it was considered and approved for personal reasons. Mr. Qi applied for the resignation of the company's directors, the position of general manager and the relevant duties of the board of directors. At the same time, the company will decide to hire Mr. Lin Zhiqiang as the general manager of the company, and Mr. Lin Zhiqiang will replace Mr. Lin Kejun as the strategic development committee of the 7th Board of Directors of the company, and the relevant position of the Remuneration and Appraisal Committee.

Nunnery abdication

Among the family executives of Sanan Optoelectronics, Lin Kezhen is the youngest: 33 years old, MBA, worked for Fujian Sanan Group Co., Ltd. The current company director and general manager.

In addition to being young and promising, an objective fact is that Lin Kezhen is an important member of Lin Xiucheng's family and is Lin Xiucheng's son-in-law. The employees of Sanan Optoelectronics have an impression on him that they are cheerful, have good contact, and sometimes play basketball with their employees. However, in the company's major activities, generally speaking less.

Since the listing in November 2007, Lin Kezhen is the company's director and general manager, and one of the founders of Sanan Optoelectronics' "Photoelectric Myth".

In the face of previous successes, Lin Kezhen was very emotional. "This road is also a storm. In this industry, we are crossing the river by feeling the stones. We can’t find a reference in China. No, we can only see what standards others use. We try to use this standard."

Earlier, Lin Kezhen said in an interview with reporters that the bottlenecks and difficulties faced by domestic LED companies in the process of product and technology innovation and industrialization are the three major problems of patents, talents and costs. The specific performance is as follows: First, there are fewer domestic LED patent applications, and they start late. To obtain core patents, long-term, high-level research results are still needed. Second, the shortage of professional and technical personnel is still a common problem faced by LED companies. Third, LED epitaxy and chip manufacturing equipment and main raw materials are difficult to localize. At present, in the above demand, it still relies on imports. As the LED industry moves toward the ultimate goal of generalization, reducing costs has become a problem that must be faced in production.

Father and son go into battle

Lin Xiucheng's two sons, Lin Zhiqiang and Lin Zhidong, the eldest son Lin Zhiqiang has served in Sanan since 1996. He was previously a director and deputy general manager of Sanan Group, and his second son, Lin Zhidong, is still studying in the United States.

Hu Run recently released the "2011 Hurun Shaozuo Rich List" for the first time. A total of 56 young people who are younger than 40 years old are on the list. Among them, Lin Zhiqiang is the leader of the flower exploration, and his family wealth has reached 15 billion yuan.

The industry generally believes that in addition to the normal replacement of normal family business personnel, Lin Zhiqiang’s previous overseas study experience will also be able to quickly solve the overseas cooperation (technical, patent, etc.) that Sanan Optoelectronics can face. And the dilemma of recruiting high-end R&D talent.

As of press time, Sanan Optoelectronics (600703) closed at 15.3 yuan in the afternoon, down 1.6% from the previous trading day.

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