LED lighting business performance collective downsizing facing shuffling


The LED lighting industry, which has a production value of 450 billion yuan in three years, is facing the pain of performance brought by the swarming investment. Recently, LED equipment testing company Yuanfang Optoelectronics announced the first quarter of 2013 performance revision announcement, the previously forecasted net profit decreased by 5-35, down to 30-60. Yuanfang Optoelectronics also handed over a revenue, net profit Double-annual annual report, its fiscal year 2012 revenue of 182 million yuan, down 11.45 year-on-year; net profit of 72.48 million yuan, down 25.07.
In the LED lighting industry, the experience of Yuanfang Optoelectronics is not a case. Focusing on the recently disclosed LED listed companies' 2012 annual report or performance report, the overall profitability of the industry last year showed a decline of about 30.
The entire industry is still growing rapidly, but the growth of the market cannot keep up with the growth of investment, so we have to fight the price war. Xie Yongjun, general manager of Jiuzhou Optoelectronics, said in an interview that last year, the LED lighting industry dropped about 20 in terms of product cost, but the terminal price dropped even more, reaching 40-50, and the profit shrinkage was inevitable.
The performance of the collective A-shares and LED-related concept section has about 50 listed companies, of which LED business revenues account for more than 20. LED chips and epitaxial wafer companies in the upstream of the industrial chain, such as Huacan Optoelectronics, Silan Micro, Ganzhao Optoelectronics, and Dehao Runda, net profit fell by 30.38, 88.07, 39.33, 57.14 respectively.
LED crystal material provider Fujing Technology's net profit fell by 34.12; LED power company Maoshuo power net profit fell by 9.76; LED luminescent materials company Keheng shares fell by 80.62; LED packaging company Changfang Lighting, Lehman Optoelectronics, Hongli The net profit of Optoelectronics and Guoxing Optoelectronics fell by 27.45, 27.36, 34.49 and 66.45 respectively.
In explaining the performance of the face, these companies are all attributed to the following: the macroeconomic downturn in 2012 and the intensified competition in the LED industry. According to Yuanfang Optoelectronics, 2012 is the year in which China's LED lighting has the lowest development speed; Changfang Lighting said that last year, the company adopted a strategy of actively reducing prices in order to consolidate market share.
Xie Yongjun said that since LED has been used as a sample of national energy conservation and environmental protection industry in the past few years, it has attracted a lot of capital intervention, especially in 2009 to 2010, there has been a wave of investment in the LED industry in China, resulting in the market supply exceeding market growth. .
LED (Light Emitting Diode) is a solid-state semiconductor device. Because it can directly convert electricity into light, it is considered to be the fourth lighting revolution after human fire, incandescent and fluorescent lamps. LED light source has the advantages of long service life and low power consumption. As early as 2009, the Ministry of Science and Technology began to launch support policies such as Ten Cities and Ten Thousand Cities to promote the development of the domestic LED industry.
With the aura of emerging industries, the LED industry has gained a lot of money from all walks of life. There are three main sources of funds for the LED industry: First, traditional lighting companies. In the words of Hu Zhongshun, general manager of Guangzhou Guangya Messe Frankfurt Co., Ltd., the organizer of the Guangzhou Lighting Exhibition, the world's largest lighting exhibition, it is embarrassing to say that you are a lighting company without LEDs. Even OEMs should put on several LEDs. product. The second type of enterprise is from the electronics industry. Since LEDs use electronic components such as semiconductors, many electronic companies have also expanded. In fact, Jiuzhou Optoelectronics, where Xie Yongjun is located, is the parent company of Jiuzhou Electric, one of the top 100 electronic information companies in China. The third category is social capital.
Xie Yongjun said that in the case of oversupply, on the one hand, some LED companies shoddy, a 20 yuan bulb, the price is down, but the product quality and lighting effect is not as good as traditional energy-saving lamps; On the one hand, the entire industry is caught in a price war. Last year, the price of LED lighting products dropped by about 40-50, of which 20 were due to the decline in LED lighting costs, and the rest should be attributed to fierce competition in the industry.

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