China Lucky Film Group Corporation is the largest and strongest technical force in China's image information recording industry, with the widest range of products, the widest market coverage, cross-regional modernization of the enterprise, is the State Council State-owned Assets Supervision and Administration Commission funded by the State Council, one of the 166 large-scale state-owned enterprises. The predecessor of Lucky is the First Film Factory of the Ministry of Chemical Industry, founded on July 1, 1958, headquartered in Baoding City, Hebei Province, which is one of the "156" key construction projects of the country. After nearly half a century of baptism of wind and rain, Lucky people shoulder the national ideal and hope, after three times of arduous entrepreneurial journey, in the challenge to seek opportunities, in the development of efforts to explore new ways suitable for the development of the enterprise, out of a road to success, and shaped the unique corporate image of Lucky. It has created more than 100 "firsts" in China's history, filled up one "blank" after another in China, and made great contributions to the economic construction and national defense of new China. He encouraged the people of Lucky: "Lucky was the first film factory, as China's 'first', Lucky should firmly establish the image of 'first', carry forward the spirit of 'first', and make great contributions to the nation. ' spirit, to win honor for the nation."
Le Kai's first venture was from the early 1960s to the late 1970s. At the beginning of the factory's construction, the Soviet Union suddenly withdrew its technical experts, and it coincided with three years of natural disasters. In this extremely difficult situation, the first generation of Lekai people self-reliance, hard work, to overcome the difficulties to complete the construction of the factory, and in the second year produced China's first generation of photographic soft film, black and white film positive film, 135 civilian film, and sent its own aerospace film on the artificial satellite. Gradually, the enterprise developed into China's movie film production base.
From the early 1980s to the mid-1990s was the second stage of Lucky's business. The reform and opening up of China's land is undergoing miraculous changes, people's concepts, lifestyles are changing rapidly, television quickly into the homes of ordinary people, resulting in a sharp decline in the film industry, which to the production of film-based Luckys has brought a serious crisis. At the same time, "color photo fever" quietly emerged in China. Demand is market, demand is opportunity. At this critical moment, Lekai seized the opportunity and quickly developed the first generation of color film and color photo paper in China, which were quickly introduced to the market, breaking the situation of foreign goods dominating the world. The company also realized the rapid adjustment of product structure from movie film to civil photographic materials. Lucky formed its own brand.
In the mid-1990s to the beginning of the 21st century, Lucky was in the third stage of entrepreneurship. During this period, with the rapid development of China's economic construction and the continuous improvement of people's living standards, the market demand for film-based photographic materials was rising. International famous photographic material enterprises have turned their strategic center of gravity to China, and have invested and built factories in China by various means, which made the competition of traditional silver salt products more intense; the rapid development of digital technology also impacted the traditional silver salt market; and the smuggled products flooded the market for a long time, disturbing the normal market order. Lucky in the face of rapid changes in the external market environment at the same time, with the gradual progress of state-owned enterprise reform, Lucky's internal reform is also very urgent. Under the brand-new situation, Lucky closely around the market, vigorously promote enterprise reform, strengthen marketing, technological innovation and basic management, establish and improve the domestic and international marketing network with a certain scale, actively involved in the field of digital and other new technologies, relying on the continuous improvement of the system and management, relying on the introduction of scientific talent and training mechanism to ensure that Lucky products continue to innovate, and synchronize with the world, to maintain a long period of better momentum of development of Lucky. It has maintained a good development momentum for a long period of time and realized the value preservation and appreciation of state-owned assets.
Particularly in the 21st century, Lucky accelerated the pace of industrial restructuring through resource integration, international cooperation, and strong alliance; in October 2003, Lucky and Kodak formally established a strategic partnership between the two sides; in October 2005, the new TAC production line began construction in Baoding. Lucky is one of the 5 companies in the world that can produce TAC film; In March 2006, the foundation stone of "Hefei Lucky Industrial Park" was laid in Hefei. "The Hefei Lucky Industrial Park project*** is divided into four phases, covering an overall area of about 1,200 acres. The first phase is a polyester film production line for LCD; the second phase is two precision coating production lines; the third phase is two film production lines for flat panel displays; and the fourth phase is other functional film production lines for flat panel displays. The total investment is 1.3 billion RMB. "Hefei Lucky Industrial Park will become a production base for medium and high-grade polyester film and film deep-processing products required by China's flat panel display industry chain. It marks a solid step in the industrial structure adjustment and strategic transformation of Lucky, and opens a new chapter in the development of Lucky.
On September 23, 2011, Lucky Film Group was merged into China Aerospace Science and Technology Corporation. By focusing on the development of film and coating materials, digital printing materials, digital imaging materials, new energy and electronic information materials, Lucky Group has basically realized the digital transformation of image recording materials and printing materials. And Aisino Science and Technology Group is extending to new materials, new energy and other strategic emerging industries. Lucky Group and Aisino Science and Technology Group have strong business correlation, industrial integration and resource complementarity in new materials and new energy.
September 4, 2012, Lucky Film Co., Ltd (600135, hereinafter referred to as Lucky Film) the evening of the announcement that the Board of Directors decided that the company will stop the production of color film, and authorize the general manager of the company is responsible for cleaning up the work of the dedicated assets related to color film. At the same time efforts to do a good job in the inventory of color film sales. To cope with the color film production stoppage, Lucky has long been with the help of innovation and transformation, turn to the optical film and other new materials field. In fact, with the popularization and upgrading of digital cameras, smart phones and other electronic devices, the end of the decline of the traditional film industry has been doomed. A generation of Chinese national film drew to a close.
Lokai once competed with Kodak and Fuji, and was known as one of the world's top three color films. From the production of China's first generation of photographic film to the development of China's first generation of color film, color paper, Luckys brand has enjoyed a high degree of visibility among Chinese consumers, and because of its role in Kodak and other foreign film brands of checks and balances for the industry.
For the discontinuation of the move, Lucky explained that, due to the impact of digital imaging on the silver salt image products, resulting in a sharp decline in market demand for color film in recent years, the product has been unable to achieve mass production.
As early as February 2012, Lucky film board of directors has passed a resolution on accounting for impairment provision, and color film production-related equipment, technology, special raw materials for impairment testing, and impairment provision of about 18.6 million yuan. The half-yearly report of Lucky Film showed that its inventory amounted to 73.33 million yuan.
The financial report shows that the main source of revenue of Lucky Film is color photo paper, color film, solar backsheets and information imaging materials processing of medicinal fluids and related chemicals in the business.2011 year the company achieved revenue of 827 million yuan from the main business, with a total profit of -46,331,000 yuan and a net loss of 51,881,300 yuan.
In fact, in the "de-filming" era, Luckys realized the crisis, the transition has been quietly. Public information shows that in 2005, Lucky began to invest in the construction of the first TAC optical film production line, really enter the flat panel display upstream key materials field, to become the world's only five enterprises can produce TAC film. 2006, Lucky in Hefei started construction of China's first optical-grade polyester film base, began to enter the large-scale. By 2011, the sales revenue of film materials, mainly optical thin film, had accounted for 22% of Lucky Group's revenue and 42% of its profit. Optical films have also become an important part of Lucky's attraction to China Aerospace Science and Technology Group (CASTG). in September 2011, Lucky was merged into CASTG and became its wholly-owned subsidiary industry.
The half-yearly report shows that in the first half of this year, Lucky film main business income of 484 million yuan, an increase of 25.67%, net profit of 8,884,100 yuan, an increase of 181.29%, thanks to the company in the solar cell back film and silver salt products color photographic paper business to achieve new growth, the operating situation has improved. Semi-annual report said, solar cell back film project since the start of construction, the work is steadily advancing according to plan, is expected to complete the construction of the project during the year, laying the foundation for the adjustment of product structure.
Lokai Group had reached a 20-year cooperation agreement with Kodak in 2003: Kodak would exchange cash and other assets totaling about $100 million for a 20 percent stake in Lokai. However, due to the revolutionary development of digital imaging, the film market is declining, and in 2007, Kodak sold its stake in Lucky, and the cooperation between the two came to an end.
It's worth noting that before the digital era, Kodak was once the dominant player in the personal film market, and was synonymous with film. However, the bankrupt Kodak announced last week that it plans to sell its consumer film business. This business is the "century-old store" the foundation of the business. Film and paper was once a major source of Kodak's wealth. But photography from film and paper to the transformation of digital photography, cut off the company's revenue sources. In the first half of this year, Kodak's revenue shrank by a quarter to $2 billion, and its loss widened to $665 million.
Kodak CEO Anthony Peng said at a news conference, "We are transforming Kodak." He said Kodak will next focus on commercial, packaging, functional printing and corporate services. Kodak hopes to get to the point where it can find the ideal buyer for its consumer film business, photo kiosks and commercial scanners, among other businesses. The company believes the asset sales and cost-cutting measures are milestones in moving Kodak from bankruptcy to emergence in 2013.
Following suit, Fuji announced in 2011 that it was officially discontinuing a number of its film products, identifying five key areas of focus for future business development: medical and life sciences, printing, document processing, optical components, and high-performance materials.