LED listed companies performed brilliantly, and merger and acquisition integration played the main theme of the industry

by:ALLTOP      2020-01-04
According to statistics, according to the financial results of listed companies, in the first three quarters of 2016, the total operating income of 26 A- share listed companies with LED as their main business was 45. 1 billion yuan, up from the same period in 2015, in Shenwan's 28 first-class classification plate revenue growth ranking, LED plate ranks second, second only to real estate, and far higher than the overall A- share average water, from the perspective of industry, enterprise, technology, etc, the development of semiconductor lighting industry in 2016 is reviewed and prospected in a panoramic way. As far as enterprise development is concerned, listed companies have performed well and mergers and acquisitions have become the main theme. I. Outstanding performance of listed companies according to statistics, according to the financial results of listed companies, in the first three quarters of 2016, the total operating income of 26 A- share listed companies with LED as their main business was 45. 1 billion yuan, compared with the year-on-year growth in 2015, LED ranked second in the revenue growth rate of Shenwan's 28 first-class classified sectors, second only to real estate, and far higher than the overall A- share average; The total realized profit was 5. 9 billion yuan, up year-on-year, and the growth rate of revenue and profit both returned to high points. In the first three quarters of 2016, the overall profitability of LED listed companies improved slightly. Sales Gross profit margin and operating profit margin both rebounded, with 26 LED listed companies having a gross profit margin of 28. 4 (Is the same period last year increased by the 0. 4 percentage points), Operating profit margin is 10. 5 (Is the same period last year increased by the 0. 3 percentage points); Enterprise net profit margin by taxes and fees adjustment (Short-term impact of camp reform) , Subsidies and other factors, down 0. 5% from the previous year. 5 percentage points. II. Merger and acquisition integration sings the main theme of the industry in 2016, there were 40 important merger and acquisition integration transactions in the semiconductor lighting industry, of which the total amount of transactions disclosed exceeded 22 billion yuan. The integration direction is not only vertical integration within the industry (Transaction amount accounted for 37)There are also cross-border integration of different industries (Transaction amount accounted for 63)At the same time, overseas mergers and acquisitions are frequent (Transaction amount accounted for 17). 1. Vertical integration extends the business field. For example, after the layout of sapphire and solar energy, Sanan has been actively developing in LED automobile lighting and plant lighting in the past two years, and has also made forward-looking deployment in the fields of radio frequency application of the third generation semiconductor materials and integrated circuits, formed a strategic layout around semiconductor lighting and its industrial chain extension; In addition to the acquisition of ultra-era light source layout filament lamps, Jason has successfully acquired Osram's light source business LEDVANCE, and at the same time has increased its holdings of the development crystal to Puri (Bridgelux) In the pocket, Huaian Aoyang Shunchang increased its capital and completed the whole industrial chain layout of LED chips, devices and applications. 2. Cross-border integration to enhance profitability. Enterprises have implemented LED strategies one after another, with two main businesses in parallel. For example, Lianjian Optoelectronics invested in the tree bear network, Lehman Optoelectronics acquired Huashi new culture and Newcastle Jets Football Club in Australia, Jiawei shares invested heavily in Guoyuan electric power, and qinshang Optoelectronics bought three educational enterprises such as Longwen. 3. Overseas mergers and acquisitions acquire brands and expand the international market. For example, Liad has rapidly expanded the international market in North America and other countries by acquiring NP company in the United States, which has strong profitability in VR/AR field, and has accelerated the strategic goal of achieving balanced development of overseas and domestic performance; Through the acquisition of Osram's light source business LEDVANCE, Jason has obtained the ten-year brand license and patent license of Osram light source, helping Jason to expand his light source business, cross patent barriers and realize overseas market expansion. Unfortunately, Fujian Hongxin investment fund is 6. The 0. 7 billion euro acquisition of aisiqiang was terminated due to obstruction by the US government. Although overseas mergers and acquisitions have not been smooth sailing, China's semiconductor lighting enterprises have been deeply involved in international competition. 4. Divestment of business and adjustment of strategic layout. For example, Tongfang Company has further implemented the industrial layout with progress and retreat by transferring the 100 equity of its wholly-owned subsidiary Nantong semiconductor and Shenzhen multimedia, gradually shrink and strip off some businesses with low gross profit margin and fierce market competition, adjust the organizational structure, increase efficiency and tap potential. Dehao Runda sold the equity of the subsidiary to divest the international lighting business, and made reasonable adjustments to the lighting business to better focus on and expand the lighting business within the powerful country.
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