Return to the Cloudy Nights Telescope Reviews home page


Telescope Specific Forums >> Meade Computerized Telescopes

Pages: 1 | 2 | 3 | 4 | 5 | 6 | (show all)
Whichwayisnorth
Pooh-Bah
*****

Reged: 07/04/11

Loc: Southern California
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: bicparker]
      #5861479 - 05/15/13 04:32 AM

Going to be interesting.

Post Extras: Print Post   Remind Me!   Notify Moderator  
Geo.
Carpal Tunnel
*****

Reged: 10/01/08

Loc: Upstate NY
Re: MEAD > SEC Filings for MEAD > Form 10-Q on 14-Jan new [Re: ken svp120]
      #5874941 - 05/20/13 11:20 PM

Quote:

Not sure what this might mean, but it looks like, if I'm reading this correctly, someone just purchased a tad over 6% of Meade...anyone more market savvy than I care to speculate?




No need to speculate except, who is JOC? This is the best I can come up with.

Kunming is the capital and biggest city in Yunnan, China's southwestern province. Chemicals and optical equipment are an industrial mainstay. Even call it "Optics Valley."

JOC
From AstronomyOutreach network

"JOC is headquartered in Guangzhou, China Jinghua Optics and Electronics Co., Ltd. (JOC) was founded in 1997. JOC is an owner of Explore Scientific (USA), BRESSER (Germany), and Maxvision (China). JOC designs, manufactures, and sells telescopes, binoculars, microscopes, optoelectronic instruments and optical components, including optoelectronic and lens modules for mobile phones, mini projectors, and digital cameras. The company is one of the largest, most diversified, and division specialized manufacturers in China's Optoelectronic industry. The company has two manufacturing facilities in China: Guangzhou and Kunming, with it's headquarters located in Guangzhou."

JOC Optoelectronics Group produces mobile phone lens, consumer electronic products, binoculars, telescopes, PTV projection lens, spotting scopes, microscopes, gun sight eight series - the company has these subsidiaries

Jinghua Optical Electronics Co., Ltd.,
Guangzhou Regent Photoelectric Instrument Co., Ltd.
Guangzhou Crystal Optoelectronic Technology Co., Ltd.
Guangzhou Optical Electronics Company Ltd
Kunming Jinghua Optical Co., Ltd., E-mail: zy@maxvision.net.cn [Sales/export arm?] Xishan, Fuhai
Kunming Optical Ltd
Kunming Friends of Thai Optical Instruments, Ltd.
Kunming Industrial and Trade Company, Ltd
Explore Scientific/Bresser

Kunming United Optics, a Meade supplier, is not formally part of this group.
Kunming United Optics Corp.
"United Optics benefits from its location, Kunming city, China's major base for the production and export of binoculars, spotting scopes, telescopes and other traditional optical products, there are many suppliers of hardware and optical parts and molding plants, which including some vast state-owned factories. These producers have served the industrial needs of the military for more than 50 years."

Some other Chinese entities in the optics business:

Nanjing Microtech Scientific Instrument Co., Ltd.
Ningbo Barride Optics Co., Ltd.
Bosma Ind. Co., Ltd related; Bosma Optronic Instrument Co., Ltd.
ChongQing Deron Instrument Co. Nanping, Xilu, Chongqing
FUDING YIXIONG OPTICS INSTRUMENT CO.,LTD. Ningde, Fujian
XI'AN VISION OPTO-ELECTRONIC CO., LTD. Xian, Shanxi,
NORIN OPTECH CO., LTD. Guangzhou, Guangdong
ZHEJIANG STAR CABLE CO.,LTD. Shaoxing, Zhejiang
NINGBO SUNNY ELECTRONIC CO.,LTD. Ningbo, Zhejiang
CHANGZHOU YUNMEI OPTICAL INSTRICMENT CO., LTD. Changzhou, Jiangsu
NANYANG FUDA OPTICAL & ELECTRON TECH.CP.,LTD. Nanyang, Hena
ZHEJIANG OUHAI INTERNATIONAL TRADE CORPORATION, Wenzhou, Zhejiang
CHONGQING PEARL RIVER OPTOELECTRONIC SCIENCE & TECHNOLOGY CO., LTD. Chongqing, Chongqing

North (Nanjing) Instrument Technology Industries Group, a Chinese state-owned military supplier.

North Night-vision Science & Technology Group Co., Ltd. R&D and manufacturer of night vision products, created out of a reorganization of China North Industries Group Corporation (Norinco Group) night vision efforts. Affiliates: Yunnan Optical-instrument factory, Nanjing Xuguang Instrument Factory, Xi'an Institut of Application Optical, Norinco Group and Norinco.

Business Week includes Norinco among the major suppliers to the PLA. It "is an enterprise group engaged in both products and capital operation, integrated with R&D, manufacturing, marketing, and services." (Norinco website). Norinco was established in 1980 with the approval of the State Council of China, and is overseen by the Ministry for Machine Building and Electronics industry. The Ministry coordinates with relevant departments of the Military Commission to take charge of producing and supplying military equipment, and formulating and implementing military scientific research programs. It has no direct control over the PLA, that is, it is not analogous to the Pentagon. See: http://www.softwar.net/pladef.html

The Norinco Group mainly deals in defense products, petroleum & mineral resources extraction, international engineering contracting, optronic products, civilian explosives & chemical products, sports arms & equipment, vehicles and logistics operations. Norinco has been ranked among the China’s largest state-owned enterprises in terms of total assets and revenue. It is mostly known outside of China for its high-tech defense products. Norinco produces precision strike systems, amphibious assault weapons and equipment, long-range suppression weapon systems, anti-aircraft & anti-missile systems, information & night vision products, high-effect destruction systems, fuel air bombs, anti-terrorism & anti-riot equipment and small arms.

The following are all in Kunming, Yunan [Yunnan] and provide a base of support for the optics industry there.

Kunming Optical Instruments Co., Ltd., a/k/a United Optical, BinocularsChina and Ufind Optics Co., Ltd affiliates: Yunnan Yunao Optoelectronics Co., Ltd. and Kunming Hauke Optical **
Kunming Runder Co., Ltd.
Kunming Yuanda Optic & Electronic Technology Co., Ltd - Optical Instrument and Lens Manufacturing
Kunming City "kanmaxx Optics" ED Refractors: YDT80EDA, YDT102EDA, YDT127EDA & YDT80EDB
KUNMING KELONGDA OPTICAL INSTRUMENT CO LTD
KUNMING SHUNHO OPTICS CO., LTD
Kunming Pengjie (peng jie) Optics Co. Ltd. Brands: Jie and Jiehe
Kunming xinhe optics factory
Kunming Yulong Optical & Electronics Technology Co., Ltd - Products / Services: optical filter/optical mirror coatings
YunAo Optics Co. Ltd, a Yunnan Optoelectronics Co. and Oberwerk Corporation Joint Venture
Kunming Infrared Optics(KIRO)Inc. is a subcompany of Kunming Institute of Physics,
Kunming Binger Trading Co.,Ltd. - OEM & ODM of optical products
Kunming Zhenzhong Optical Instrument co., Ltd
Kunming Aimex Optical & Electronic Co., Ltd a/k/a AO Technology Co., affiliate of Metwhich (HK) International Ltd: optical glass coatings
Kunming Richy Opto-Electronic Co., Ltd
Kunming Helic Sport Optics Co., Ltd
Shenzhen Ronger Optic & Electronic Technology Co.,Ltd.- military use night vision
Kunming Vision Infrared Co., Ltd
YUNNAN HUAYU OPTICS & ELECTRONICS CO., LTD.

Things aren't so super in Kunming either.

**Kunming Optical Instruments Co., Ltd - Official Blog [edited]

"Before 2007, everything (including labor costs and rents) for a manufacturer in China was cheap, USD against RMB was strong (1 USD =7.8-8.28 RMB) and world economy was on rise curve (though a lot of bubbles) and so the demands on Chinese products were ever-increasing. Then, all Chinese manufacturers could manufacture the prodcucts at low cost, sold them quickly with a reasonable profit and started the next round of production immediately with all the money they had. Everybody was focusing on producing the products ASAP and was not worried about the sales – the demands were predictable and everything produced would be taken soon. The whole food chain, ordinary labors – small specialized parts and components suppliers- manufacturers and trading companies in China – overseas customers, seemed to work perfectly and everybody on it was happy.

From 2008-2009, things began to change. The price for everything for a manufacturer or PPI (producer price index) began to keep going up and it was in 2008 that we had to buy mandatory social insurance for the workers and this alone made the labor cost increase more than 50%. The RMB appreciated quickly against USD and export demand decreased more than 40% average for the binoculars. We were doing business without any profits, but the top priority was to sustain the business and generate enough cash flow.

From 2010 to date, consumer prices began to jump. It began with real estate – average apartment price in Kunming increased from 3000RMB/square meter to 10000RMB/square meter in 2010. Then food and necessities – some of them now are the most expensive in the world. Workers found that they just couldn’t afford the higher living costs and found they couldn’t save any money. They saw no hope for the future and they were totally disillusioned: dream won’t come true. The result is that for the first time since the market economy (1982), there is a labor shortage. This affected the small parts suppliers first – they usually specialize in just a part for the binocualrs: for example, in Kunming, there were more than 20 suppliers who specialize in making the rubber, more than 10 who specilize in making the eyepieces glass, more than 20 who specialize in making the tubes, etc.. Due to the labor shortage, at least 50% fo them just closed the busines and the rest of them scaled down and became very cautious. Some of them like us, still try to hang on and do the best we can."


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1 | 2 | 3 | 4 | 5 | 6 | (show all)


Extra information
1 registered and 6 anonymous users are browsing this forum.

Moderator:  Starman27, Christopher Erickson, Starman81 

Print Thread

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is enabled


Thread views: 12083

Jump to

CN Forums Home




Cloudy Nights Sponsor: Astronomics