1 companies to terminate the review of 7 LED companies adhere to sprint IPO

"From last year to the first half of this year, LED industry mergers and acquisitions between frequently, according to the survey data show that in 2014, the overall acquisition amounted to 6 billion 70 million yuan, and this year 1-8 month, the amount of mergers and acquisitions has reached the scale of 29 billion 310 million yuan, the amount of mergers and acquisitions have been over 5 times." High LED chairman Dr. Zhang Xiaofei said recently that the next two years, the cumulative amount of mergers and acquisitions will reach 100 billion, 500 million yuan more than the scale of mergers and acquisitions will increase, at the same time, the merger will move toward internationalization, overseas mergers will increase. 1 companies terminated 7 LED enterprises to sprint IPO began in the second half of 2014, LED in the upstream is set off a wave of mergers and acquisitions, fish, a number of small and medium enterprises have quit, large enterprises are more acquisitions. After entering into 2015, this trend can be described as intensified, mergers and acquisitions, such as blowout as one after another, especially after entering in July, the number of cases is to achieve the monthly number of mergers and acquisitions peak. But there are still a few companies still adhere to the sprint IPO. reporter from the official website of the Commission was informed that at present, including OPPLE lighting, Xiamen light Po, Shanghai Ming Chi, Sichuan China, three OC lighting, Shenzhen uomnilamp, Huayang Group 7 LED and related enterprises are in the stage of pre disclosure of IPO. In addition, Huizhou Hui Yuan photoelectric has entered the Commission to terminate the review list IPO. According to the 2014 annual report of the company disclosed data display, OPPLE lighting 2014 annual revenues of $3 billion 843 million 35 thousand and 400, representing an increase of 13.36%, net profit of 300 million 848 thousand and 700 yuan, down 37.17% over the previous year. 2014, OPPLE lighting sales net profit margin of 7.83%, down sharply, mainly due to the company's gross margin fell by percentage points. With the LED to replace the traditional lighting process deepened, the company significantly increased the proportion of LED product sales. On the one hand, affected by market competition, LED lighting product gross margin declined; on the other hand, the traditional lighting products, including traditional lamps and traditional light source by the LED, the impact of large, gross margin continued to reduce. Data show that the traditional advantages of OPPLE lighting business? Home lighting in 2014 sales revenue of 1 billion 478 million 715 thousand and 400 yuan, representing a slight decline over the previous year, which accounted for the proportion of the company's total revenue decreased from 43.52% in 2013 to $38.72%. In addition, the company's OEM production capacity has also increased year by year, rising from 18.28% in 2012 to $24.21% in 2014. Among them, Zhongshan City, Jiangsu science and technology Auman, Lin Yang lighting for its 2014 LED light source accounted for relatively large OEM manufacturers. Xiamen Guang Pu, 2014 annual revenue of $180 million 347 thousand and 300, representing a decrease of 19.9% over the previous year, net profit attributable to shareholders of the parent company was $22 million 159 thousand and 600, down from last year's $12.3%. In terms of capacity utilization, the company in 2014 LED packaging capacity utilization has declined over the previous year, including patch LED capacity utilization fell from 89.9% in 2013 to $65.96% in 2014. LED light source utilization rate fell from 92.46% in 2013 to 2014 in the year 38.25%. In terms of sales of LED lighting products, in 2014 the company's LED panel lamp, ceiling lamp, lamp plate sales were significantly increased over the previous year, LED light source product sales fell sharply. Sichuan huati lighting, 2014 annual operating income 360 million 717 thousand and 900 yuan, 35 million 761 thousand and 400 yuan. In operating income increased by 2.17% over the previous year, net profit fell by 12.51%. These changes in profits mainly from the impact of the company's accounts receivable, as of December 31, 2014, the company accounts receivable book value of 147 million 730 thousand and 400 yuan, accounting for the proportion of total assets of $43.75%. 2014 the balance of accounts receivable at the end of the year resulted in a significant increase in the impairment of assets raised by $2 million 954 thousand and 500, an increase of 49.69%. As the largest urban lighting companies in the western region, first of all based on the lighting market in Sichuan Province, the company's annual sales revenue in Sichuan province accounted for 2014 of the proportion of operating income of up to 75.45%. Shanghai Ming Chi, mainly contains the control motor and its drive system products, LED control and drive products of two core businesses, including LED driving power supply products in 2014 sales revenue of 146 million 626 thousand yuan, representing an increase of 81.69%, of which the basic type of lighting power supply sales price for 105.12 yuan, intelligent driving power of the sale price of 157.10 yuan. The high power driving power of the top five customers in 2014 revenue accounted for 63.68%, of which Shanxi Guangyu, crystal and energy-efficient lighting in Jiangxi is the two largest domestic customers. The IPO equity investment of the project to be in Shanghai Minhang District City Industrial Zone, north of Min Ming Jia No. 168 company's existing plant transformation part of the plant, increase production equipment, with an annual output of LED control and drive the formation of new product production capacity of 4 million 250 thousand sets. In accordance with the company expects to achieve in 2021 LED control and drive the annual production of 5 million 450 thousand products, sales revenue will reach 620 million yuan scale. Overclocking three science and technology, the reporting period, the company achieved sales revenue LED lighting components were $27 million, $106 million, $177 million, a rapid growth state. The company's main products include LED lighting cooling components and PC cooling accessories, downstream demand, upstream production capacity, industry technology development and price competition between manufacturers has an important impact on product price trends. With the progress of technology development, production technology and scale production continues to increase, the production cost of the products has continued to decrease, reduce the product cost and market competition intensified, will eventually lead to the price of its products in the industry. The company disclosed that the future if the LED chip technology breakthrough