According to the official information released by Weifang Fangzi Huaying Electronics Co., Ltd., many cross-border e-commerce companies defaulted on payment for goods, resulting in a large backlog of finished products, forming a vicious circle, and domestic and foreign orders were seriously out of touch and fell off a cliff. In addition, the company's production and operation are losing money every year, which is unsustainable. Coupled with the impact of the general environment, the company decided to officially suspend production and business on Monday, July 18, 2022.
Weifang Fangzi Huaying Electronics Co., Ltd. was established on 20 10, located in Weifang City, Shandong Province, and is an enterprise mainly engaged in manufacturing special equipment.