LED market subsidies

Nearly 90% of listed companies received government subsidies, and more than 90 loss-making companies turned losses into profits. In response to the relevant data disclosed in this year's semi-annual report, the topic of subsidy chaos has once again warmed up. According to statistics, 75 of the listed companies in Hubei have benefited from government subsidies, totaling 15. RMB 0. 8 billion. Among them, 11 issued a government subsidy announcement, Sanan Optoelectronics to 1. 9. 5 billion yuan has become an enterprise that received more government subsidies in the first half of the year. The fourth enterprise received more than 0. 1 billion of the subsidies. The government subsidies for San'an Optoelectronics, Huaxin Cement, Gezhouba and Hubei Energy were all more than 0. 1 billion yuan, and three of them were large State-owned enterprises. According to statistics, the ranking is still the Sanan Optoelectronics upstream of the LED. In recent years, the government's financial subsidies for the San'an photoelectric energy-saving field are only a regulation of the country to promote the LED industry in a specific period of time. At the same time, government subsidies have also caused serious overcapacity of domestic LED chips, resulting in a sharp decline in the price of LED chips. Many LED listed companies have shown a bad state of increasing income and not increasing profits in recent years. However, in this year's semi-annual report, Sanan Optoelectronics did not include government subsidies for the current profit and loss, and net profit growth is still beautiful. The first half sales income 21. 7. 7 billion yuan, net profit attributable to shareholders of listed companies 6. 6. 6 billion yuan, a year-on-year increase of 43. 87, become the money-making King of LED upstream. The other three companies won on the block. On this basis, the performance of the Gezhouba semi-annual report was unique. Net profit of 0. 6 billion yuan topped the list, exceeding the second place of Sanan Optoelectronics by 0. 6 billion yuan. Amount shall be is last year rise nearly 0. 2 billion and last year in the first half of government subsidies amount up to 1. 3 billion yuan compared this year Hubei listed the company of Grant forehead sheng chao 0. 2 billion government subsidies of rise trend obvious but the coverage remains around 75. This year, the listed companies that have received subsidies are concentrated in the fields of energy conservation and emission reduction, new energy, and emerging industries. In addition to the financial subsidies for the location of the enterprise production base, some are subsidized by the national ministries and commissions, which is related to the government's support for the development of the industry. However, free supplements from listed companies are also questioning market fairness. Nationwide, from chlor-alkali chemical to steel, from LED to non-ferrous metals, some companies in industries with obvious overcapacity can still receive high subsidies. It has become a normal state in the-share market to turn losses and protect the shell through government subsidies. An industry insider believes that whether the company is delisted or not is decided by the government subsidies, which has become a question of the fairness of the delisting system. The subsidy chaos is not only the fairness of the delisting system. Statistics show that 40 of the 58 listed companies that subsidized over 100 million yuan in the first half of this year are state-owned holding or shareholding companies, accounting for nearly 70%. In addition, the amount of government subsidies received by 93 companies nationwide in the first half of the year was greater than their net profit. In the past three and a half years, 278 companies relied on government subsidies to turn losses into profits, and some companies even escaped the delisting.