A court filing shows that Guangdong Guangbao Microelectronics has been petitioned for bankruptcy liquidation by Zhongjin International Leasing over failure to repay due debts (Case No. (2026) Yue 02 Po Shen 81). The company is a recognized national high‑tech enterprise specializing in semiconductor optoelectronics and LED products.

After years of expansion, financial stress mounted. In December 2025, it was fined RMB 18,000 for wage arrears. In January 2026, tax authorities disclosed unpaid VAT of RMB 930,922 and unpaid urban maintenance tax of RMB 21,288. Earlier, in April 2025, a court issued a consumption restriction order over a related debt of RMB 553,200 ; an associated case shows RMB 702,500 still unpaid with zero performance.

The company now faces bankruptcy as multiple obligations remain unsettled.

ICgoodFind: A once‑growing optoelectronics player collapses under wage, tax, and debt pressure – a cautionary tale of over‑expansion risk.