Information sources:
Oriental Fortune Network: Annual Inventory: Meiya Optoelectronics fell 13.97% in 2021, underperforming the market
Preface
Meiya Optoelectronics, a company that has broken the "zero breakthrough" in China's grain processing and manufacturing industry and high-end dental medical devices, can be said to have written an inspirational myth of entrepreneurship.
Unexpectedly, after Meiya Optoelectronics went public, there was an annual loss of 10 billion.
So, why is that?
Break the monopoly
Food production is the foundation of a country, and while ensuring production, we must start thinking about improving the quality of food.
As a result, there is the advent of the color sorter, among several large countries, China is still relatively backward in the research and development of the color sorter.
As early as the 30s of the last century, the American ESM company and the British Sotek company have successively developed a rice color sorter.
This rice color sorter can effectively separate the colored impurities in the rice, so as to improve the quality and taste of the rice.
Later, Japan and South Korea also began to develop rice color sorters one after another, at that time, China's development has been in a state of stagnation because of the background of the war.
It was not until after the liberation that China began to understand and study the color sorter, and introduced foreign equipment for use.
When China was just liberated, the primary purpose was to ensure grain production, so the development ideas in the grain processing and manufacturing industry had not been completely broadened.
As grain production continues to increase, China has begun to focus on research and development in processing and manufacturing.
Although there are ready-made color sorters abroad that can be purchased, not to mention the high price, we will also face the risk of being monopolized.
In 1995, the price of buying a rice color sorter with an output of 2t/h and a small output was about 1 million yuan.
That's a huge expense for us.
As a result, Tian Ming, chairman of Meiya Optoelectronics, thought that China, as a gradually emerging agricultural power, could not do without its own technology.
Subsequently, he quit his job as an engineer at Hefei Light Industry Machinery Factory and began to set up his own company, which is now Meiya Optoelectronics Technology Co., Ltd., to focus on the research and development of color sorters.
In 2020, China's first all-digital color sorter was born, and Meiya Optoelectronics successfully broke the long-term monopoly of the foreign color sorter market and broke through the technical barriers.
As a result, a rice sorter can also be used freely in China.
Meiya's breakthrough is like opening the floodgates of success, and their color sorters soon replaced the market share of foreign-funded enterprises in China.
Information sources:
China Trade News: Hefei Meiya Optoelectronics: Write a scientific and technological myth to protect health
In 2005, the combined market share of the United States, the United Kingdom, and Japan in China was less than 5%.
After stabilizing the Chinese market, Tian Ming opened the Southeast Asian market with great vigor, and in 2006, he successfully launched the name of Meiya Optoelectronics at home and abroad, laying a solid foundation for the current international market.
So, what exactly is a color sorter and what role does it play in grain processing?
Color sorter
When we wash rice, we always pay attention to picking out the bad rice or defective rice and throwing it away, so as not to affect the taste when eating, and the advent of the color sorter is to help us solve this problem.
Originally, the rice that people used was not as white as it is now, but mixed rice, which is the so-called cereal.
Because when there is no color sorter, these rice are either screened manually, or they are simply not screened and sent directly to the market for sale.
I believe that when I was a child, most people experienced eating rice, and found small debris such as small pebbles or bad rice and rice bran with quality problems.
But with the color sorter, this problem can be easily solved.
The color sorter is actually an electronic sorting equipment, which can complete accurate sorting work, screen the rice for good and bad, and then carry out the final inspection by the staff, and finally bag and ship.
With the color sorter, there is no need for a large number of sorters to spend time and effort and eyes to select, so why is the first color sorter developed is a rice color sorter instead of fruits and other products?
That's because when the United States was in research and development, because of limited technology, the first color sorter developed was black and white.
Therefore, it can only be used for rice, and it was not until later, after the introduction of modern color sorters in Japan, that color sorters were widely used in various food processing and manufacturing industries.
Nowadays, in addition to rice, wheat, seeds, nuts, etc., which are used in the grain industry, beans, melon seeds, sesame seeds, and medicine, metals, and ore industries are very popular.
Because of the addition of the color sorter, the quality of the product and food safety are greatly improved.
Now, Meiya Optoelectronics has cooperated with food brands such as COFCO, Three Squirrels, and Jinmailang, and even Meiya Optoelectronics' color sorter has been derived into the field of tea, which is known as a generation of magic machines and helps many tea farmers "free their hands".
According to these achievements, AAG Optoelectronics can be said to have increased the development of China's food processing and manufacturing industry with high efficiency.
So, what's the deal with the annual loss of 10 billion yuan?
Information sources:
Anhui Business Daily: Meiya Optoelectronics: China's benchmark for "intelligent identification technology".
Annual loss of 10 billion
In 1993, Meiya Optoelectronics was founded, and in 2000, Meiya Optoelectronics successfully broke through the domestic color sorter technology, and it took five years to become the largest color sorter company in China, with sales ranking first.
In 2006, Meiya Optoelectronics successfully entered Southeast Asian countries, made Chinese manufacturing completely famous overseas, in 2012, Tian Ming, chairman of Meiya Optoelectronics, made a major decision, that is, the company will be listed.
After going public, Tian Ming became the richest man in Anhui.
Information sources:
Meiya Optoelectronics: "Ten" is unswerving, you and I are together in 丨Meiya Optoelectronics A-share listing 10th anniversary celebration was grandly held!
Since the company's development has been sustained and stable, Tian Ming began to plan for the company's listing, and he raised 800 million yuan to be listed on the Shenzhen Stock Exchange on July 31, 2012.
Tian Ming once said: "After the listing of AAMI, there is a strong capital support, and there is no need to worry about capital difficulties. ”
From the perspective of the development of Meiya Optoelectronics, it has to be said that the development of this company is very smooth and fast, from its establishment in 93 to 20 years to break through the technical barriers, become the first in China, and then win the Southeast Asian market.
I really have to say that Tian Ming's strategic vision is really unique.
However, in 2021, AAG Optoelectronics experienced a lot of stock price turmoil.
On September 30, 2021, AAG's share price was 37.5 yuan/share, compared with 57.59 yuan/share in June of the same year, AAG Optoelectronics' share price can be said to have plummeted.
In June, the market value of AAG Optoelectronics was about 39 billion yuan, and when the stock price fell to 37.5 yuan per share, the total market value dropped to 25.3 billion.
This is equivalent to the market value of AAG Optoelectronics directly evaporating 13.7 billion yuan in just three months.
At the same time, Chairman Tian Ming's worth also evaporated 8.2 billion yuan, you know, his worth reached 23.7 billion yuan at its peak.
Therefore, Tian Ming lost the title of "the richest man in Anhui" and was succeeded by Cao Renxian, the boss of Sungrow.
As of the close of trading on December 31, 2021, the share price of Meiya Optoelectronics was 37.46 yuan per share, down 13.97% year-on-year, and the stock price of the whole year of 2021 was lower than in previous years on average.
For listed companies, stock price volatility can be a fatal blow at any time.
However, this turmoil will not be a fatal blow to Meiya Optoelectronics, because Tian Ming's development speed is too fast and the momentum is too fierce, and he has invested almost all of his funds in R&D projects.
So, what is the current situation of the development of Meiya Optoelectronics?
再次breakthrough 垄断
According to the first quarter of this year disclosed by Meiya Optoelectronics on April 16, it can be seen in the financial report.
In the first quarter of this year, Meiya Optoelectronics' operating revenue was $331 million, which is still declining compared with previous years.
Information sources:
Interface News: Meiya Optoelectronics (002690.SZ): The net profit in the first quarter of 2024 will be 101 million yuan, a year-on-year decrease of 19.30%
However, the development of Meiya Optoelectronics is still very impressive, because they not only have excellent results in the color sorter, but also have new breakthroughs in the medical field.
In 2006, Meiya Optoelectronics successfully developed and mastered the core technology of X-ray imaging and detection, because of this technology, Meiya Optoelectronics once again helped China break the foreign monopoly.
X-rays were first discovered by a physicist in Germany, and it was because of his discovery of X-rays that important medical examinations such as CT and MRI were gradually developed.
However, the core technology of these projects has been in the hands of foreigners for a long time, and it is very rare for China to achieve technological breakthroughs.
You know, we enter a professional testing equipment, the price is cheap millions, expensive even tens of millions, this investment is very huge.
However, the success of the research and development of Meiya Optoelectronics has directly led China to reach a new field of innovation again.
Initially, Meiya Optoelectronics first put this technology into the food industry for food foreign body detection, which played a major leading role in China's food safety.
Information sources:
China Trade News: Hefei Meiya Optoelectronics: Write a scientific and technological myth to protect health
Meiya Optoelectronics is very widely distributed in the food industry, and the color sorters they manufacture have been put into various food fields, even tea.
Perhaps Tian Ming felt that the development was saturated in the food industry, so he began to focus on the medical cavity business.
As people's living conditions get better and better, all kinds of snacks and candies that people eat will cause damage to their teeth.
Previously, China's dental equipment technology was limited, so dentistry has always had a relatively limited development hindrance.
In 2012, Meiya Optoelectronics once again became the first in China.
They have successfully developed a "three-dimensional digital oral CT" with completely independent intellectual property rights by relying on their own efforts, and have become the first enterprise in China with oral CT R&D and production capacity.
I have to say that the development process of Meiya Optoelectronics is really fast and fierce, although this has experienced the bitterness and countless failures of R&D personnel, and even the pressure from foreign-funded enterprises, but Meiya Optoelectronics finally did it.
For a long time, Meiya Optoelectronics has a rule, that is, at least 6% of the profits must be invested in R&D projects every year, the purpose is to develop more advanced equipment and bring good news to the people.
This kind of company that likes R&D and strives to break through technology is indeed very respectable.
Information sources:
China Trade News: Hefei Meiya Optoelectronics: Write a scientific and technological myth to protect health
epilogue
China's development started slowly, but the pace of development was not slow.
Recently, China has been facing a trade tug-and-war war, so we are well aware that we will not be on the passive side if we take our technology into our own hands.
It is precisely because of its "far-sighted" vision that AAG Optoelectronics can complete new breakthroughs again and again, as Tian Ming said: "Our goal is to be the first in the industry."
Now, he is really doing and many times breaking foreign technology, and even replacing foreign-funded enterprises to occupy a certain position in the Chinese market.
In the future, I hope that AAG Optoelectronics will be able to make new breakthroughs and bring us surprises.