Encounter on the LED or step polysilicon followed the big market crisis

Shenzhen has always been the nation's largest LED display manufacturing and supply base, the world's leading LED backlight production and supply base, the world's largest solar-powered LED lighting production and supply base. Has a total of 3200 LED business, accounting for about 40 percent of the national total, and hot industry is water from the wind in the first half of this year, has suffered a Waterloo.

Industry veterans missing one hundred million yuan LED companies face closure

As a listed company Chau Ming Technology (300 232), one of the two founders of Xing Yi LED enterprises in Shenzhen Vision Electronics Co., Ltd. operated separately because of poor management face closure, I have been missing, workers sitting outside the company waiting for wages. According to Chau Ming technology prospectus, the company formerly known as Lei Chau Electronics Co., Ltd., Shenzhen City was established in October 26, 2004, May 19, 2008 Lei Chau Electronics was renamed as "Shenzhen Chau Ming Technology Co., Ltd.. Lei Chau Electronics funded by a natural person Minghe Feng Lin and Xing Yi Minghe Feng Lin, invested 32.5 million yuan, accounting for 65%, Xing Yi invested 17.5 million yuan, accounting for 35%. September 2006, Xing Yi intends to transfer its holdings of 35% of the shares, after consultations, decided to the transferee by Lude Long Xing Yi transfer 35% of capital contributions, 2.5 percent of the investment share of Lude Long, the remaining 32.5% of the Minghe front of Dai-lin hold, held in the name of Lu Delong's.

Chau Ming and technology do not want to speak to reporters, so there is no way of knowing Xing Yi is still with Chau Ming technology business relationships, but the disappearance of such a veteran LED leader, more or less also reflects the LED the survival of the industry present situation and difficulties faced.

The market is large but does not regulate the upstream enterprises need to integrate

"LED market is great, but really a mess." Hongli Opto-electronic (300 219) Vice President, CMO Ding Feng told reporters that the current LED companies, there is no standard, everyone that price, "truly a forward-looking product, is need to invest. "

LED Engineering Research Institute until the end of last year, statistics show that, the industrial chain across the country to see, upstream and downstream enterprises of the pure operation of LED products, about 4000, midstream companies about 1200, plus do the upper reaches of the materials, equipment, etc. enterprise, there were not more than 6000 enterprises.

In addition, there are some LED products to the LED business transformation or smooth ride do halfway decent corporate, nationwide, about 2000. With pure enterprise, a total of not more than 8000 operating LED products enterprises. Among them, Shenzhen enterprises accounted for about 40 percent of the nationwide 3200. Higher elimination rate of the LED industry, entering large state-owned enterprises, small businesses due to the competitive relationship in the exit. "Ding Feng estimated the LED business in Shenzhen this year will be reduced by 20% -30% means that nearly a thousand LED business In economic winter "dead" to go. "Industrial chain LED Talent lack of a more serious, the upstream companies need to integrate many companies will certainly live but this year."

With the industry downturn degree intensified LED corporate shareholders cash and more frequent. July 3, Alto Electronics (002 587) announced that the second largest shareholder of Shenzhen State Science and Technology Investment Co., Ltd. cumulative reduction Alto electronic 348.28 million shares, cash in the amount of 36.16 million yuan. In recent years, along with the replacement of the well-being of the LED industry, fluctuating Alto electronic performance of the main LED products. The holdings of major shareholders, one of the catalysts In addition to the factors that have their own operational aspects, the industry downturn is cash.

Business performance continued to decline in the industry in the shuffle of

Multiple factors under the influence of European debt crisis, the weak U.S. economic recovery in the second half of last year, the domestic LED sharp drop in export orders. Fair came the information also shows that since the beginning of this year, the domestic LED enterprises in Europe and the United States orders a general decline in troughs twelve months. Domestic lighting market demand for large-scale start to take some time still. Due to lack of core technologies, most of the LED chips are dependent on foreign enterprises, the domestic LED lighting is difficult to reduce the cost and the slow development of the civilian market.

According to statistics, many LED companies listed before 2010, for two consecutive years experience declining performance. Chau Ming technology, for example, this year's first quarter net profit 1.7 million yuan, down 80.46%, the main reason for decline in performance due cause for the European debt crisis and the domestic LED competition intensified. Since 2011, the company every quarter year on year performance last year almost "cut". In addition, Hongli Opto-electronic announcement that the company's first quarter revenues and net profit dropped sharply, the reason is also because the international financial crisis and domestic lighting market demand has yet to start large-scale lead.

Anonymity, industry sources have told reporters: "Our company is entering the industry in 2008, has been considered late, but two years a lot of chemicals, rubber and real estate companies to make a transition in this second half of last year to this year the first half of the Shenzhen Stock Exchange approval and listing of the LED business has exceeded our expectations, the first quarter of this year, already on the market and over-ready LED enterprises have eight, the total number of listed companies than last year LED business; how many emerging companies not yet listed or listed intend to, we simply do not know. not grasp the real core technology of LED enterprises, will only make a lot of land, funds and equipment idle, will accelerate this market confusion. "

Industry analysts believe that, listing the tide is actually the enterprises in the prepare for the future, or is likely to be potential acquirers to gulp down: "Industry temporary trough shuffle timing, the international giant, and competing private domestic LED has become the leader of the reshuffle. from last year, and now until next year are reshuffle.