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LED lighting enterprises face a reshuffle

The LED lighting industry, whose output value is expected to reach 450 billion yuan in three years, is facing the pain of performance caused by a rush of investment. Recently, LED equipment testing company Yuanfang Optoelectronics announced the performance correction announcement for the first quarter of 2013, which reduced the previously predicted net profit by 5-35, change to drop 30-60. Faraway Optoelectronics also handed over an annual report with both revenue and net profit, and its revenue in fiscal year 2012 was 1. 5%. 8. 2 billion yuan, down 11. 45; Net profit was 72. 48 million yuan, down year on year. 07. In the LED lighting industry, the experience of remote Optoelectronics is not a case. The 2012 annual report or performance bulletin of LED listed companies, which is concentrated on the recent disclosure, shows that the overall profitability of the industry decreased by about 30 last year. The whole industry is still growing rapidly, but the growth of the market can't keep up with the growth of investment, so we have to fight a price war. Xie Yongjun, general manager of Jiuzhou Optoelectronics, said in an interview that last year, the LED lighting industry fell by about 20 in terms of product cost, but the terminal price fell even more, reaching 40-50, profit shrinkage is inevitable. The collective performance has dropped greatly. There are about 50 listed companies in the concept sector related to LED in the whole A- share, of which LED business revenue accounts for more than 20. LED chip and epitaxial wafer enterprises in the upper reaches of the industrial chain, such as Huacan Optoelectronics, shilanwei, ganzhao optoelectronics and Dehao Runda, saw their net profits fall by respectively in 2012. 38, 88. 07, 39. 33, 57. 14. LED crystal material provider Fujing technology net profit fell 34. 12; LED power supply company maoshuo Power net profit fell by 9. 76; LED lighting materials company Keheng shares fell by 80. 62; LED packaging companies Changfang lighting, Lehman Optoelectronics, Hongli Optoelectronics, Guoxing Optoelectronics net profit fell by 27. 45, 27. 36, 34. 49, 66. 45. When explaining the performance change, these enterprises invariably attributed to the macroeconomic downturn in 2012 and the increased competition in the LED industry. Yuanfang Optoelectronics said that 2012 was the year with low development speed of LED lighting in China in recent years; Changfang lighting said that last year, in order to consolidate market share, the company adopted a strategy of actively reducing prices. Xie Yongjun said that LED was used as a sample of the national energy conservation and environmental protection industry in the past few years, attracting a large amount of capital to intervene, especially from 2009 to 2010, there has been a situation in which a swarm of investors has invested in the LED industry, which has LED to market supply exceeding market growth. LED ( LightEmittingDiode, light emitting diode) It is a solid-state semiconductor device. Because it can directly convert electricity into light, it is considered to be the fourth revolution of lighting methods after fire, incandescent lamp and fluorescent lamp. LED light sources have the advantages of long service life and low power consumption. As early as 2009, the Ministry of Science and Technology of the state began to introduce supporting policies such as ten cities and ten thousand lamps to promote the development of the domestic LED industry. With the aura of emerging industries, the LED industry has been favored by various capitals. There are three main sources of funds for the LED industry: traditional lighting companies. According to Hu Zhongshun, general manager of Guangzhou Guangya Frankfurt Exhibition Co. , Ltd. , the organizer of the Guangzhou lighting exhibition, it is embarrassing to say that he is a lighting company without LED. Even if it is OEM, it is necessary to put a few LED products. The second type of enterprises come from the electronics industry. Because LED uses electronic components such as semiconductors, many electronic enterprises also extend in. In fact, the parent company of Jiuzhou Optoelectronics, where Xie Yongjun is located, is Jiuzhou Electric, which ranks among the top 100 electronic information companies in China. The third category is social capital. Xie Yongjun said that in the case of oversupply, on the one hand, some LED companies are shoddy, and the price of a 20-yuan bulb is down, however, the product quality and lighting effect are not as good as traditional energy-saving lamps; On the other hand, the whole industry is caught in a price war. Last year, the price of LED lighting products fell by about 40- 50, of which 20 are due to the decline in LED lighting costs, the rest should be attributed to the fierce competition in the industry.

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