Latest news: Recently, Daqi Huasheng Electronics (Shenzhen) Co., Ltd. issued a notice of suspension of work and production, announcing the immediate closure and dissolution of all employees.

The notice letter shows that in recent years, due to the impact of the overall environment, the company has faced serious operational pressure, and its revenue has been unable to support expenses, and it has been in a state of loss. In view of this, the company had to make a difficult decision to suspend production and business.

According to public information, Daqi Huasheng is headquartered in Hong Kong and established a mainland factory in Longgang District, Shenzhen in 1994. It is a globally renowned high-end electronic toy manufacturer that integrates design, research and development, production, and sales. Its main products include plastic electronic toys, remote control toys, electric toys, and high-end electronic consumer products. Its OEM customers include Mattel, Xianba, and TAKARA TOMY Global renowned toy companies such as SPIN MASTER and Disney.

It is reported that Daqi Huasheng's Shenzhen factory covers a total area of 15000 square meters, with a total of over 2000 employees during its glorious period. However, according to publicly available information from Tianyancha, in 2016, the number of people paying social security for Daqi Huasheng was less than 1000; As of 2019, the company has only paid 448 social security contributions, and the number is still decreasing year by year, with a significant decrease.

This indicates that in recent years, the number of employees at Daqi Huasheng has been decreasing, the business scale has been shrinking, and the operating revenue has been declining. Especially after 2020, the operational pressure on the company has further intensified.

As of now, several electronic factories in China have announced their closure and dissolution, including well-established big companies in sub sectors such as Darby, Willimar, and Aigo Electric. Some comments suggest that the bankruptcy or closure of these enterprises is not just an individual phenomenon, but an inevitable result of the upgrading of the entire industry.

About The Author

This is reported by Top Components, a leading supplier of electronic components in the semiconductor industry. They are committed to providing customers around the world with the most necessary, outdated, licensed, and hard-to-find parts.

Media Relations

Name: John Chen

Email: salesdept@topcomponents.ru