A large number of LED companies flocked to the listing market, the greenhouse effect"

Within the last 16 months, LED number of listed firms over 15 years before the sum of current reform listed companies as well as more than and 100 led.

Since last year, reporters have been concerned about the LED industry frenzy continues. Yangcheng Evening News reporter statistics found that only in the 1 quarter of this year, has been listed and will be ready for led companies have more than last year, the total number of listed companies led more. In March alone, there will be a total of 6.

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And at the end of last year, there have been 5 days after the declaration of the 4 led companies will be a grand occasion".

The industry is widely expected, 2012 led listed companies will continue to be staged.

What is the support of such an upsurge is the answer to the policy of rain and capital push hands, and under heavy pressure, IPO has become a way to escape the acquisition of led companies doom. The industry is expected, then, the market will continue to be staged in the LED intensive industry.

external cause

Policy rain and capital push hands

Yangcheng Evening News reporter statistics found that from 1996 to 2010 listed Sanan optoelectronics 15 years, involving the LED business of the listed company but 9; and from January 2011 to April 2012 16 months, has been listed and will be passed to the LED company has 15 more than the previous 15 years of LED enterprise the total amount of listed companies. Only in the 1 quarter of this year, has been listed and will be ready for led companies have more than last year, the total number of listed companies led more. Only in March and there will be 6 listed. At the same time, waiting for the listing of led companies are not in the minority.

Such an upsurge is supported by what is the answer to the policy rain and capital push hands.

March 20th, by the Ministry of finance, the national development and Reform Commission organized in 2012 semiconductor lighting products to promote financial subsidies project in Beijing for domestic public bidding. The subsidy ratio is about 30% of the purchase price. 110 companies from across the country participated in the tender, the purpose is to be able to eat this allegedly up to 100 billion cake.

According to the national development and Reform Commission, revealed that in 2012, only street lamps this part of the purchase, the government will spend 40 billion yuan, LED street users also provide financial subsidies of $30%.

But for domestic led companies, such a policy they have become accustomed to the spring. Since 2009, the national policy to benefit the LED industry will continue to introduce local governments have also increased efforts to support the LED industry, many provinces to the LED industry as a strategic emerging industries to develop.

Policy banner to allow the capital market for the LED industry also favored a plus. Various capital have reached the original frenzy of the LED industry continues to fanaticism. According to statistics, only the first half of last year, China's LED industry plans to increase the total investment has been four times in 2010. 2011, in the capital of the big push, the LED industry staged a listing boom, only in 2011, there will be 7 listed companies successfully listed led. Among them, from December 8, 2011 to 12, 5 days, it is Jufei, Shenzhen wealthrun, leyard optoelectronic and Shenzhen rectangular 4 led enterprises will have to declare.

internal cause

Do not have to wait to be listed merger?

Fang Xiangsheng, general manager of Hualin securities investment banking department believes that the reason why led companies listed relatively easy, because it is easier to meet the conditions listed:

LED industry is the gem recommended industry, in addition to the rapid development of LED industry emerging, innovative and growth are relatively easy to reflect. "

Policy and capital is just an external push, under heavy pressure, IPO has become a quagmire, seeking a way to grow.

Why in the past years LED industry listed companies listed in the past two years are numbered, but choose to get together? Shenzhen leaguer venture Qingyuan Cci Capital Ltd President Liu Jianyun believes the unlisted companies suffer from listed companies to accelerate the pace of market pressure. "After the listing of enterprises will usually extend to the upstream and downstream industries to bring pressure on non listed enterprises; characteristics at the same time as LED industry is capital intensive, IPO successful enterprises have a greater competitive advantage, thus speeding up the integration of the industry".

On the other hand, continued overcapacity and sluggish demand so that led companies are struggling on the verge of winter. High tech led data show that in 2011, China's LED industry output is expected to grow by 50%, while the output value is only an increase of about, with many led companies originally expected to grow by 100% to far. Zhang Xiaofei, director of the Institute of Engineering LED industry think:

"This indicates that the industry is the transition from winter to winter. "Liu Jianyun believes that the industry downturn increases the urgency of listed companies:" in the LED industry overall downturn, the majority of enterprise performance can not be sustained growth, may miss the market opportunity, according to the current domestic market conditions, need to wait 1-3 years. "

At the same time, China inroads into the market PHILPS, OSRAM and other international LED giants, cross into the LED industry of beauty, Tsinghua Tongfang and other large domestic enterprises, as well as the traditional lighting enterprise brand and improve channels have become the potential buyers of many led enterprises.

Choose IPO, or wait for mergers and acquisitions, which became a big problem in the face of the lack of domestic led giants.

Forecast

Listed companies to prepare more than one hundred shares

Due to the huge market capacity of the entire industry chain led, according to China's listing standards, there are hundreds of companies to meet the IPO conditions. Liu Jianyun table