One year later, Fengcai printing, the largest private printing enterprise in Guangzhou, which once shocked the printing industry in China, has made new progress. Li Wanling and Xiang Mingxi, the founders of the company, lost contact with each other since January 2016, which means that the couple, who have worked hard to create a billion yuan printing Empire, may have given up the opportunity to transform e-commerce and survive.
The court summons could not be served, and it is suspected that both parties lost contact
Guangzhou Fengcai is an old Hong Kong funded printing enterprise established in 1992. In the golden age when printing machine was comparable to money printing machine, the company developed rapidly. In the brilliant period, the group's annual output value exceeded 1 billion yuan. The owners Li Wanling and Xiang Mingxi's wife controlled or participated in more than 10 enterprises, including Guangzhou Fengcai color printing, Guangzhou Fengcai packaging, rixian display and display products, Fengcai printing, Guangzhou Lingzhong, Guangzhou Fengcai paper products, Qingdao Fengcai paper products, Qingdao Fengcai printing, Yantai Fengcai, Qingdao fengzhicai, etc.
However, since 2012, with the rapid recession of China's printing industry, Fengcai group, which had been making rapid progress all the way, was unprepared, and the company's business situation has turned into a downward trend. In 2014, the company frequently spread the news of huge debts and difficult operation. However, Fengcai has been strongly denying these news. However, in February 2015, the company heard that employees solicited for 2.97 million yuan in arrears of wages and that the company stopped production. The printing giant collapsed.
Since Fengcai stopped production in Guangzhou, Li Wanling and Xiang Mingxi tried to transform themselves by building a packaging industrial park and establishing a supply chain platform. Later, they transformed from packaging industrial park to cross-border e-commerce. But in the case of high debt, such a large span of transformation, the difficulty is comparable to the sky.

After 2016, Li Wanling, the legal representative of Fengcai group, has received legal documents urging debts for six times. However, since January 2016, the whereabouts of Li Wanling, Xiang Mingxi and others have been unknown. According to online public information, these debt disputes include outstanding loans of Li Wanling and her company, interest on acceptance bills and private loans. Among them, Huaxia Bank Guangzhou Haizhu branch alone has a debt of 33.15 million yuan.
Printing sister or die of too fast expansion and market contraction
After Guangzhou Fengcai printing stopped production, Li Wanling once analyzed the causes of Fengcai's rapid collapse. She attributed the company's failure to the impact of e-books on paper books, the impact of e-commerce on packaging and printing, and the Chinese government's curbing on public consumption. Of course, she said the sharp drop in printing profits was another important factor. She said that in 1992, the printing cost was 60 yuan, and now it is 10 yuan, which also includes the cost of ink and water and electricity.
In addition, according to Li Wanling's recollection, since June 2014, the account period of downstream suppliers has been shortened, the demand for payment has become more and more urgent, and the upstream customer's return has become more and more slow. The bank has tightened the bank's money supply, eventually leading to the company's capital chain breaking, and it can only survive by private lending. ".
Of course, Li Wanling's statements are reasonable, but she avoids a fatal factor leading to the rupture of the group's capital chain - the company's expansion is too fast. According to the information on the Internet, there are more than ten printing and packaging enterprises wholly owned or jointly invested by Li Wanling and his wife. In fact, the speed of making money of the company is far from keeping up with the investment needed for expansion. With the rapid dissolution of profits in the printing industry, the enterprise is doomed to die. Therefore, Li Wanling attributed the responsibility to the tightening of the bank's monetary policy, somewhat shirking the responsibility.
Nowadays, the legend of printing created by Li and Xiang is miserable. With their demise and leaving, we will continue to pay attention to what kind of bleak way the more than ten printing and packaging enterprises with their equity or sole proprietorship will end up in.
Among the numerous Hong Kong businessmen who have experienced ups and downs, most of them have followed the business principle of "others are greedy and I am afraid, others are afraid of me and greedy". Therefore, in the face of the crazy expansion of private or state-owned packaging and printing enterprises in mainland China after 2008, some old Hong Kong funded enterprises have chosen the road of stable operation or decent exit, but Li Wanling and his wife are obviously different. However, the cruel facts prove once again that even if your enterprise becomes an aircraft carrier enterprise, if you ignore the economic laws and have no fear of the financial storm, it will eventually lead to a tragic end of capsizing.
Xiang's husband and wife started from a small store. After years of hard work and hard work, they came to such a failure. This has to make us rethink, what is the significance of the life of blindly pursuing wealth?
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