"LED lighting companies, currently able to rely on government orders, drive performance. Otherwise there is no listing financing, only a road closure." A LED industry told reporters. On August 6th, Zhejiang Ningbo Andy Optoelectronics Technology Co., Ltd. (referred to as Andy Optoelectronics), which reported that its assets exceeded 100 million yuan, filed for bankruptcy, and the boss also ran. Previously, several well-known LED companies such as Duo Duoli, Bolunte, and Vision Optoelectronics have closed down. The wave of LED lighting companies has been diffused from the Pearl River Delta to the Yangtze River Delta.
According to public data, Andy Optoelectronics was established in 2005 with an output value of about 100 million to 200 million yuan. It is mainly engaged in LED packaging and application lighting in the entire industry chain. A number of companies controlled by the company have borrowed nearly 300 million yuan and are facing bankruptcy.
It is reported that the current 70% profit of the LED industry is concentrated in the upstream chip manufacturing process, while the midstream packaging and downstream application areas are not profitable. At the same time, the fierce price war has further reduced the profit margin of the middle and lower reaches. According to the statistics of the High-tech LED Industry Research Institute (GLII), the net profit of Lehman Optoelectronics (300162.SZ) increased slightly by 0.15% compared with last year. The three companies of Guoxing Optoelectronics, Hongli Optoelectronics and Ruifeng Optoelectronics in the first quarter of this year Profits have shown varying degrees of decline.
"LED companies listed financing and investment boom led to overcapacity, causing LED companies to close down." Industry analyst Li Ying told reporters that due to the European debt crisis, the US economic downturn and other factors, China's LED companies export orders sharply sharply reduced. Since the beginning of this year, with the slowdown in LED market demand, technology and price bottlenecks are still difficult to break through, and the LED industry has been reshuffled, and it has become more and more intense.
“Shenzhen LED lighting companies have fallen a lot, mainly because the investment is too large, financial expenses have not been well controlled, and the company has been dragged down.†A Liu LED industry analyst told reporters, “LED lighting companies are currently Can compete for government orders to drive performance. Otherwise, there is no listing financing, only a road closure. The current government procurement is mainly LED street lights, due to the characteristics of financial settlement, will increase the company's accounts receivable, resulting in tight cash flow."
“SMEs in the industry, especially those that are not listed, currently face problems such as long capital turnover, large accounts receivable, and difficulties in financing.†Chen Jian, director of Zhou Ming Technology, told reporters.
In order to solve the funding problem, many LED lighting companies are eager to land in the domestic capital market. According to reports, in the first quarter of 2012, there were 8 LED companies that have been listed and ready to go, including 6 listed and attended in March. At the same time, there are not a few LED companies that are waiting in line to go public.
The above-mentioned Liu Xing LED industry analyst also said that the LED industry's performance in the second half of the year is close to the bottom, and will slowly recover afterwards, but the profitability of the third quarter is still difficult to say. "The main thing is to look at commercial lighting, but the recovery process is too slow. The main problem at the moment is the price limit of the product."
It is expected that the LED lighting industry will have a high probability of heavy volume next year, and the grid price will be the main driving force. "The future of LED lighting is still in commercial lighting and civilian use, and this must reduce costs and sales prices."
According to public data, Andy Optoelectronics was established in 2005 with an output value of about 100 million to 200 million yuan. It is mainly engaged in LED packaging and application lighting in the entire industry chain. A number of companies controlled by the company have borrowed nearly 300 million yuan and are facing bankruptcy.
It is reported that the current 70% profit of the LED industry is concentrated in the upstream chip manufacturing process, while the midstream packaging and downstream application areas are not profitable. At the same time, the fierce price war has further reduced the profit margin of the middle and lower reaches. According to the statistics of the High-tech LED Industry Research Institute (GLII), the net profit of Lehman Optoelectronics (300162.SZ) increased slightly by 0.15% compared with last year. The three companies of Guoxing Optoelectronics, Hongli Optoelectronics and Ruifeng Optoelectronics in the first quarter of this year Profits have shown varying degrees of decline.
"LED companies listed financing and investment boom led to overcapacity, causing LED companies to close down." Industry analyst Li Ying told reporters that due to the European debt crisis, the US economic downturn and other factors, China's LED companies export orders sharply sharply reduced. Since the beginning of this year, with the slowdown in LED market demand, technology and price bottlenecks are still difficult to break through, and the LED industry has been reshuffled, and it has become more and more intense.
“Shenzhen LED lighting companies have fallen a lot, mainly because the investment is too large, financial expenses have not been well controlled, and the company has been dragged down.†A Liu LED industry analyst told reporters, “LED lighting companies are currently Can compete for government orders to drive performance. Otherwise, there is no listing financing, only a road closure. The current government procurement is mainly LED street lights, due to the characteristics of financial settlement, will increase the company's accounts receivable, resulting in tight cash flow."
“SMEs in the industry, especially those that are not listed, currently face problems such as long capital turnover, large accounts receivable, and difficulties in financing.†Chen Jian, director of Zhou Ming Technology, told reporters.
In order to solve the funding problem, many LED lighting companies are eager to land in the domestic capital market. According to reports, in the first quarter of 2012, there were 8 LED companies that have been listed and ready to go, including 6 listed and attended in March. At the same time, there are not a few LED companies that are waiting in line to go public.
The above-mentioned Liu Xing LED industry analyst also said that the LED industry's performance in the second half of the year is close to the bottom, and will slowly recover afterwards, but the profitability of the third quarter is still difficult to say. "The main thing is to look at commercial lighting, but the recovery process is too slow. The main problem at the moment is the price limit of the product."
It is expected that the LED lighting industry will have a high probability of heavy volume next year, and the grid price will be the main driving force. "The future of LED lighting is still in commercial lighting and civilian use, and this must reduce costs and sales prices."
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