Industry veteran missing billion yuan LED companies facing bankruptcy

Shenzhen has always been the largest LED display production and supply base, the main global LED backlight production and supply base, the world's largest production and supply base for solar LED lamp. It has a total of 3200 LED enterprises, accounting for about 40% of the national total, but it is in the hot industry in the first half of this year, Waterloo has suffered. Industry veteran LED missing billion yuan enterprises face closure recent peer media reports pointed out that as a listed company in the state of science and Technology (300232, shares) (300232) one of the two founders of the Xing Yi, the separate operation of the LED enterprises in Shenzhen Diguang Electronics Co. Ltd. because of mismanagement and collapse and I have been missing, workers sit outside the company waiting for wages. According to the state of science and technology prospectus, the company was founded in October 26, 2004 in Shenzhen ZHOULEI Electronic Co. Ltd., May 19, 2008 Lei Chau electronic renamed "Shenzhen unilumin Technology Co. ltd.". Lei Chau electronic from natural Lin Mingfeng and Xing Yi jointly funded, Lin Mingfeng invested 325 thousand yuan, accounting for 65%, Yi Xing invested 175 thousand yuan, accounting for 35%. September 2006, Xing Yi intends to transfer its 35% stake, after consultations, the amount of capital contribution by Lu Delong Xing Yi decided to transfer the transferee 35%, of which 2.5% were Lu Delong's share of the investment, the remaining 32.5% is held in the name of Lin Mingfeng, and the long held. Because Chau Ming technology is not willing to accept an interview with reporters, so now can not know whether Xing Yi is still with the state of science and technology have business contacts, but such a veteran leader LED missing, more or less also reflects the survival status of the LED industry is currently facing difficulties and. Market but does not regulate the upstream enterprises need to integrate "LED market is very big, but was really confused." Honglitronic (300219, shares) (300219) CMO, deputy general manager Ding Feng told reporters that the current LED enterprises, there is no standard, all price, "truly forward-looking products, is the need to invest". According to LED Industry Research Institute by the end of the show to statistics, industry chain and downstream enterprises across the country, pure products business LED about 4000, in approximately 1200 enterprises, plus materials, equipment upstream enterprises, a total of not more than 6000 enterprises. In addition, there are some LED to the transformation of enterprises or CIS take to do LED products only enterprises nationwide, about 2000. Coupled with pure enterprise, a total of not more than 8000 companies operating LED products. Among them, Shenzhen enterprises accounted for about 40% of the country, which is about 3200. LED industry, the higher the rate of elimination, large state-owned enterprises in the entry, small businesses due to the competitive relationship in the exit." Ding Feng estimated that this year's Shenzhen LED enterprises will reduce 20%-30%, which means that nearly a thousand LED companies will be in the economic winter, dead to go. Industrial chain upstream LED enterprises lack of talent is more serious, upstream enterprises need to integrate, many companies will certainly live this year." With industry boom intensified, LED enterprises are also more frequent large shareholders cash. July 3rd, alto Electronics (002587, shares) announced that the company's second largest shareholder in Shenzhen city science and Technology Investment Co., total holdings of 3 million 482 thousand and 800 shares of Alto electronic cash in the amount of 36 million 160 thousand yuan. In recent years, along with the LED industry and the replacement, alto electronic performance fluctuation of main LED photoelectric products. The major shareholder holdings, in addition to their own business factors, the industry downturn is also one of the catalyst cash. The performance of enterprises continued to decline in the industry reshuffle influence in the European debt crisis, the U.S. economic recovery is weak and other multiple factors, the second half of last year the domestic export orders dropped LED. Canton fair information also shows that this year, the domestic LED companies in Europe and the United States orders generally fell three to 50%. While the domestic lighting market demand still take some time to start large-scale. Due to the lack of core technology, most of the LED chips are dependent on foreign companies, domestic LED lighting is difficult to reduce costs, the slow development of the civil market. According to the "financial investment newspaper" reporter to statistics, the number of listed enterprises in 2010 before the LED, has two consecutive years suffered a decline in performance. Chau Ming technology, for example, in the first quarter net profit of only 1 million 700 thousand yuan, down by 80.46%, the main reason for the decline in the performance of the company attributed to the European debt crisis and increased competition in the domestic LED. From 2011 onwards, the company every quarter last year almost cut". In addition, honglitronic also announced that the company's first quarter operating income and net profit fell sharply, the reason is because the impact of the international financial crisis and the domestic lighting market demand has yet to start a large-scale lead. An unnamed industry source told reporters: "our company in 2008 to enter the industry, is already late, but this year many chemicals, rubber and real estate enterprises to do the transformation, from the second half of last year to the first half of this year, the Shenzhen Stock Exchange and the new approval through the listing of the LED enterprises have more than we expected, the first quarter of this year, has been listed and will go LED companies have 8, than last year the total number of listed companies are more LED enterprises; and how many emerging companies not listed or listed plans, we can make nothing of it at all. These do not grasp the true core technology of LED companies, will only allow a lot of land, capital and equipment idle, will accelerate the confusion in the market." But Lighting Research Institute, analysts believe that the listing tide is actually in the enterprise to prepare for the future, it is likely to be potential