LED business closures was the reason the shadow of the stormon October 26th, 2011 at 3:17 AM
Mainland China led into the rapid development of industry in recent years, however, the industry rushed to join the LED market, and the hot trend of huge capital investment, resulting in the second half of 2011 the crisis facing the market stall, the recent LED industry have pointed out that mainland China LED industry is about to enter the playoffs, about 1 into the enterprise will face out, optical out, following the mainland GCL LED epitaxial industry in Shenzhen, a 2010 annual sales of millions of LED companies are shocking boss “on foot” LED indicates that the bubble burst more ominous prospect.
Jun Li has received more than the mainland Shenzhen optoelectronics industry 10 companies, and investment in Sichuan and other places have set up factories in an attempt to sights LED lighting business, but the company responsible for more than 200 employees were owed two months pay and owe the bank, supply tens of millions of commercial debt, in November on the eve of a sudden disappeared, LED industry came, some Taiwan companies may not receive the balance due, will be recognized as a loss, but including Power LED crystal grain plant, Formosa Epitaxy caught that first-line industry, and Jun Li is not much close contact, preliminary estimates were not affected. It is understood that more than Jun Li Hua Branch of Construction Bank’s outstanding loans to 30 million in arrears Sinochem International Far Eastern Leasing Company 17.28 million yuan, the registered supplier payments in arrears more than 12 million, according to media reports, the company guarantees its arrears 33 million or so, and even some not yet surfaced of debtors.
Industry, said the official support development of LED lighting, the mainland investment in excess of LED industry in recent years, more than tourism are concerned, there are about 90 LED die factory, but about 90% at a loss, as the number of plants downstream packaging applications numerous, of varying scale, mixed, depressed by the impact of market demand in 2011, according to industry statistics mainland, Guangdong Foshan region 50 LED lighting industry, the 2011 average of 10 to 30 orders, but production costs are rose 30,7 to corporate profits decline.
Because since 2011, the mainland central bank raised the deposit reserve 12 times the rate of 21.5 is not only a record high level, pumping money in the bank, under pressure from a number of businesses have cash flow problems, the problem is expected to more established events in Jun After a spate of failures out of fear of the event.
Now a number of business failures for the LED problem, some experts analyze the reasons:
1, the larger economic environment is poor. 2011, the overall poor economic environment, the global LED industry grew less than expected full-year revenue growth of major LED companies dropped substantially, or even negative growth.
2 competition. As the overall economic environment is not good, end-than-expected growth in demand, causing prices to accelerate LED down, speed up the prices of international manufacturers, vicious price competition.
3, the investment recovery period is elongated, capital chain. Since the first quarter of 2009-2011, around the world, the positive increase in the LED manufacturer’s investment, especially in China, to invest more in the LED area began in 2010, which is more than the amount in 2011 began production, but it hit the market downturn, the initial investment payback period lengthen, and even harder to recover.
However, the mainland authorities to change the policy direction of LED lighting, including mainland China in the second Five-Year plan, LED lighting is expected to account for the proportion of the overall lighting of 20, will drive the mainland domestic market rapidly emerging LED lighting, in addition, the mainland government is also expected to be announced before the end of LED lighting subsidy policies, including the Ministry of Finance in conjunction with the National Development and Reform Commission and other authorities will be expected to subsidize the LED lighting products, will give priority to start for the interior lighting and commercial lighting products subsidies, such as lamp, projection lamp, and gradually expand the scope of subsidies.