Since the third quarter of 2011, the boss has “walked the road†and is now spreading to Shenzhen LED industry. This is due to the serious overcapacity of LED production, coupled with the deteriorating economic situation at home and abroad, resulting in a substantial drop in product prices.
However, this did not affect the enthusiasm of LED companies to expand production capacity.
On December 20, 2011, the approving and approving committee will review the IPO application of Hangzhou LED Optoelectronics Co., Ltd., an LED company. This is the fifth LED company in the conference this month. According to statistics, only five LED companies have attended the conference since December last year.
Eager to increase production capacity
In December last year, Shenzhen Jufei Optoelectronics Co., Ltd., Shenzhen Wanrun Technology Co., Ltd., Shenzhen Longfang Semiconductor Lighting Co., Ltd., and Liader Optoelectronics Co., Ltd. and other LED related companies had successive meetings.
From the prospectus of several companies, it can be seen that the company’s raised funds are all used to expand production capacity.
The remote optoelectronics prospectus shows that the current investment funds are mainly invested in three projects. One is to build an annual output of 1,500 sets of LED photodetection equipment expansion projects, and it is planned to raise 115.7 million yuan; the second is the R&D center construction project, which plans to raise 48.12 million yuan. The third is the sales and service network construction project. It is planned to raise 15.23 million yuan.
Shenzhen Jufei's fund-raising projects include the project of the expansion of backlight LED devices with a cost of RMB 215,275,500, the expansion of LED lighting devices with a project output of RMB 10,756,100, and the LED technology R&D center of RMB 46,480,400.
The fundraising project of Shenzhen Wanrun is a new type of high-efficiency patch LED production and construction project costing 12,691 million yuan, a project of 96,600,000 yuan of LED green energy-saving lighting fixtures and an enterprise technology research and development center project of 21.883 million yuan.
It can be seen that LED companies' IPO projects are basically used for capacity expansion. Some media believe that the road to listing is a good way for many companies to raise funds to tide over the difficulties and scale up and survive.
Or excess capacity
Behind the active expansion of LED companies, however, is the rampant overcapacity.
At present, the collapse of LED companies in Shenzhen has begun, the industry is facing reshuffle. LED prices have fallen rapidly. According to statistics from the China National Engineering Research Institute of China National Semiconductor Industry Corporation, the average price of LED products has dropped by 21%.
The industrial development has exposed industrial defects, and the LED industry is facing bottlenecks such as the lack of core technologies, standards, and capital stagnation. At the same time, the idea of ​​simply replacing incandescent lamps also needs to be changed.
At present, mainland LED companies basically play a "work" role. Many manufacturers are basically "borrowing chicken eggs", buy back a large number of equipment from abroad, buy back their own chip package, which raises the production cost of LED products and reduces corporate profits; and because of its low technical level, After packaging by mainland enterprises, the quality of the chips is reduced, the lifespan is shortened, and the maintenance costs are very high in the later period.
According to statistics, in the first half of 2011, the LED industry signed a contracted investment of 118.498 billion yuan, a year-on-year increase of 26%, but the downstream market has apparently not opened up. In the past two years, LED investment plans and production capacity under competition in various regions of China have exceeded the actual market demand. The company's LED products are more dependent on the municipal government's municipal engineering to digest, and affected by the weakness of the international market, LED products are also experiencing poor export.
The industry believes that in 2011, LED industry costs will rise, profits will decline, and production capacity will be in excess. SMEs are struggling. In 2012, the overcapacity situation will continue.
However, this did not affect the enthusiasm of LED companies to expand production capacity.
On December 20, 2011, the approving and approving committee will review the IPO application of Hangzhou LED Optoelectronics Co., Ltd., an LED company. This is the fifth LED company in the conference this month. According to statistics, only five LED companies have attended the conference since December last year.
Eager to increase production capacity
In December last year, Shenzhen Jufei Optoelectronics Co., Ltd., Shenzhen Wanrun Technology Co., Ltd., Shenzhen Longfang Semiconductor Lighting Co., Ltd., and Liader Optoelectronics Co., Ltd. and other LED related companies had successive meetings.
From the prospectus of several companies, it can be seen that the company’s raised funds are all used to expand production capacity.
The remote optoelectronics prospectus shows that the current investment funds are mainly invested in three projects. One is to build an annual output of 1,500 sets of LED photodetection equipment expansion projects, and it is planned to raise 115.7 million yuan; the second is the R&D center construction project, which plans to raise 48.12 million yuan. The third is the sales and service network construction project. It is planned to raise 15.23 million yuan.
Shenzhen Jufei's fund-raising projects include the project of the expansion of backlight LED devices with a cost of RMB 215,275,500, the expansion of LED lighting devices with a project output of RMB 10,756,100, and the LED technology R&D center of RMB 46,480,400.
The fundraising project of Shenzhen Wanrun is a new type of high-efficiency patch LED production and construction project costing 12,691 million yuan, a project of 96,600,000 yuan of LED green energy-saving lighting fixtures and an enterprise technology research and development center project of 21.883 million yuan.
It can be seen that LED companies' IPO projects are basically used for capacity expansion. Some media believe that the road to listing is a good way for many companies to raise funds to tide over the difficulties and scale up and survive.
Or excess capacity
Behind the active expansion of LED companies, however, is the rampant overcapacity.
At present, the collapse of LED companies in Shenzhen has begun, the industry is facing reshuffle. LED prices have fallen rapidly. According to statistics from the China National Engineering Research Institute of China National Semiconductor Industry Corporation, the average price of LED products has dropped by 21%.
The industrial development has exposed industrial defects, and the LED industry is facing bottlenecks such as the lack of core technologies, standards, and capital stagnation. At the same time, the idea of ​​simply replacing incandescent lamps also needs to be changed.
At present, mainland LED companies basically play a "work" role. Many manufacturers are basically "borrowing chicken eggs", buy back a large number of equipment from abroad, buy back their own chip package, which raises the production cost of LED products and reduces corporate profits; and because of its low technical level, After packaging by mainland enterprises, the quality of the chips is reduced, the lifespan is shortened, and the maintenance costs are very high in the later period.
According to statistics, in the first half of 2011, the LED industry signed a contracted investment of 118.498 billion yuan, a year-on-year increase of 26%, but the downstream market has apparently not opened up. In the past two years, LED investment plans and production capacity under competition in various regions of China have exceeded the actual market demand. The company's LED products are more dependent on the municipal government's municipal engineering to digest, and affected by the weakness of the international market, LED products are also experiencing poor export.
The industry believes that in 2011, LED industry costs will rise, profits will decline, and production capacity will be in excess. SMEs are struggling. In 2012, the overcapacity situation will continue.
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