Upgrade financing to support the Dongguan LED industry

Low carbon economy in 2009 can be regarded as a "harvest", "carbon footprint", "low-carbon technology", "low carbon city", "low carbon world" and a series of new concepts into the street gradually know the state of the lane. Energy saving, emission reduction is the first to meet the standards of various industries.

The manufacturing industry of Dongguan, Guangdong is also the energy consumption of the city, so the government attaches great importance to energy saving work, to promote the development of the LED industry as a major initiative to implement. In November last year, Dongguan introduced the Dongguan city to promote the development and application of LED demonstration project implementation plan, the annual output value of Dongguan LED lighting to achieve the goal of 15 billion yuan in 2015.

It is true that LED lighting as an energy saving and environmental protection technology, not only can effectively save energy and reduce consumption, promote industrial upgrading, accelerate the upgrading of Dongguan from the traditional manufacturing industry with high value-added high-tech industries. Dongguan also has the support of the government, the special geographical location and labor resources on the basis of the LED industry has a good foundation and conditions, the initial formation of the epitaxial wafer chip, including production equipment, and a relatively complete industrial chain, product application, LED package. But one thing can not be ignored, that is, the current LED market is still relatively weak and uncertain, the market for the relevant technology and industry pulling power is not enough. There are several major obstacles:

1 using LED new technology of high production costs, resulting in vicious spiral: high cost and high market prices lead to unacceptable low carbon products, the development of LED technology for quality improvement and low cost advantages are not fully reflected.

2 can not quickly form a strong manufacturing industry as a support for industrial development.

It should be said that there is a bigger problem can not be ignored: LED industry financing. Although LED enterprises mostly belong to science and technology or high-tech enterprises, government and financial institutions to support the industry is large, such as to give financial subsidies, R & D investment fund products, preferential procurement, preferential credit. However, it is understood that the current policy and financial support can be obtained for large enterprises, the most obvious manifestation of financing support.

At present, the LED industry is in the initial stage, more in the form of small and medium enterprises, and the general lack of collateral, limited financing channels. The tilt of the credit policy led to the development of the whole industry imbalance. For the LED industry in many small and medium enterprises to develop new financing methods, the impact of the healthy development of this industry in Dongguan is essential.

LED industry generally exists a large one-time investment problem, and the project must first obtain 30% of the pre reform funds, the remaining funds from the actual return to energy recovery, a longer payback period, which greatly precipitated LED manufacturers (currently the production, transformation and maintenance of basic services provided by the manufacturer) liquidity finally, the enterprise technology R & D investment update slow results for the sustainable development of enterprises laid great dangers.

LED industry financing problems, financial institutions can introduce the following system to ease the financial pressure on LED lighting manufacturers.

1 by the transformation of the party to pay 30% of the project funds under the premise of the introduction of Guarantee Corporation to improve the authenticity of the project contract, and then by credit rating agencies comprehensive analysis of the transformation of corporate credit conditions.

2 Bank of credit rating, the contract is true to provide the contract amount of funds of the company's loan of 30%, in order to alleviate the problem of corporate capital precipitation. The specific ratio can be adjusted according to the principle of "pre project fund + loan amount = enterprise transformation cost".