In August, LED companies released their 2012 semi-annual reports. Interestingly, the growth of some mainland LED upstream chip manufacturers is still based on the support of local governments.
On August 10, Sanan Optoelectronics (600703.SH) released its first half of 2012 financial report, showing that Sanan Optoelectronics' revenue in the first half of the year was 1.37 billion yuan, up 90.53% year-on-year, and net profit was 466 million yuan, up 1.55% year-on-year. The government subsidy included in the current profit and loss was 198 million yuan.
On August 29th, Dehao Runda (002005.SZ) released the first half of 2012 financial report, showing that Dehao Runda's revenue in the first half of the year was 1.224 billion yuan, down 1.01% year-on-year, and net profit was 124 million yuan, up 21.5% year-on-year. Among them, government subsidies amounted to 154 million yuan. This also means that the growth of net profit of Dehao Runda in the first half of the year comes from government subsidies. If this part of subsidy income is removed, Dehao Runda will also lose 7.18 million yuan in the first half of the year.
In contrast, the former "teacher" of mainland LED chip manufacturers, Taiwan's LED chip manufacturers are preparing for "winter", Jingyuan Optoelectronics (2448.TW) and New Century Optoelectronics (3383.TW) two Taiwan LED chips The performance of leading manufacturers in the first half of this year is still in a loss situation.
"We are fighting an unfair market competition. The mainland LED chip manufacturers rely on the support of local governments to buy food at low prices." Li Bingjie, chairman of Jingyuan Optoelectronics, reluctantly told the "new industry" that mainland competitors The price of LED chips has been lowered, and Taiwanese LED chip manufacturers have also been forced to lower prices, which ultimately led to a loss in the company's performance. "In fact, mainland LED chip manufacturers are still losing money in LED chip performance."
"Since the second half of last year, the entire LED chip industry has experienced a crisis of overcapacity, resulting in a crisis of overcapacity, resulting in a decline in chip prices and a decline in gross profit margin, which has caused most LED chip companies to lose money." Gaogong LED Industry Research Institute Analyst Yu Bin told the "New Industry" that the performance of a small number of LED chip companies in China has benefited mainly from local government subsidies and orders.
LED industry expert Shi Weili admits that mainland and Taiwan LED chip manufacturers are in an unfair competition from the very beginning. The high subsidies and orders of mainland local governments belong to a semi-government and semi-market behavior, from the perspective of reliability and safety. It is not conducive to the healthy growth of mainland LED chip manufacturers.
Distorted revenue
In fact, relying on local government subsidies and orders to achieve company performance growth has become the unspoken rule for mainland LED manufacturers to survive and develop in recent years.
Unfinished >>>>>> See the full text: http://
On August 10, Sanan Optoelectronics (600703.SH) released its first half of 2012 financial report, showing that Sanan Optoelectronics' revenue in the first half of the year was 1.37 billion yuan, up 90.53% year-on-year, and net profit was 466 million yuan, up 1.55% year-on-year. The government subsidy included in the current profit and loss was 198 million yuan.
On August 29th, Dehao Runda (002005.SZ) released the first half of 2012 financial report, showing that Dehao Runda's revenue in the first half of the year was 1.224 billion yuan, down 1.01% year-on-year, and net profit was 124 million yuan, up 21.5% year-on-year. Among them, government subsidies amounted to 154 million yuan. This also means that the growth of net profit of Dehao Runda in the first half of the year comes from government subsidies. If this part of subsidy income is removed, Dehao Runda will also lose 7.18 million yuan in the first half of the year.
In contrast, the former "teacher" of mainland LED chip manufacturers, Taiwan's LED chip manufacturers are preparing for "winter", Jingyuan Optoelectronics (2448.TW) and New Century Optoelectronics (3383.TW) two Taiwan LED chips The performance of leading manufacturers in the first half of this year is still in a loss situation.
"We are fighting an unfair market competition. The mainland LED chip manufacturers rely on the support of local governments to buy food at low prices." Li Bingjie, chairman of Jingyuan Optoelectronics, reluctantly told the "new industry" that mainland competitors The price of LED chips has been lowered, and Taiwanese LED chip manufacturers have also been forced to lower prices, which ultimately led to a loss in the company's performance. "In fact, mainland LED chip manufacturers are still losing money in LED chip performance."
"Since the second half of last year, the entire LED chip industry has experienced a crisis of overcapacity, resulting in a crisis of overcapacity, resulting in a decline in chip prices and a decline in gross profit margin, which has caused most LED chip companies to lose money." Gaogong LED Industry Research Institute Analyst Yu Bin told the "New Industry" that the performance of a small number of LED chip companies in China has benefited mainly from local government subsidies and orders.
LED industry expert Shi Weili admits that mainland and Taiwan LED chip manufacturers are in an unfair competition from the very beginning. The high subsidies and orders of mainland local governments belong to a semi-government and semi-market behavior, from the perspective of reliability and safety. It is not conducive to the healthy growth of mainland LED chip manufacturers.
Distorted revenue
In fact, relying on local government subsidies and orders to achieve company performance growth has become the unspoken rule for mainland LED manufacturers to survive and develop in recent years.
Unfinished >>>>>> See the full text: http://
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