Cowin crashed LED, quit the project difficult

Based on the rainbow strategy, create Albert in the LED industry has focused on the layout of the past few years invested at least 8 projects.

If this is not the winter of LED lighting industry, it must be late autumn.

In the near future to focus on disclosure of the annual report in 2012 or the performance of the more than and 10 listed companies in LED, compared to last year, the profitability of a general decline of about 30%. What is more, such as Silan, net profit fell 88.07%; the photoelectric, net profit fell 39.86%; changelight, net profit fell 39.33%.

Last year, LED terminal retail price fell by half, the price war hit very tragic. One is not willing to disclose the name of the LED listed company secretaries told financial weekly newspaper reporter, we are in the consumption, production capacity, and who can support to the end. "

Compared with the adequacy of ammunition listed companies, a large number of listed companies to be able to withstand the suffering of LED price war, forced to terminate the listing of the road.

The financial weekly newspaper reporter found that since 2012, listed LED companies, there are 6 materials will be withdrawn, they are Zhejiang Hua Zhengxin materials Limited by Share Ltd, Dalian Luming Polytron Technologies Inc, hi-trend Technology (Shanghai) Limited by Share Ltd, Limited by Share Ltd, Shenzhen Ming microelectronics Yunnan langene Polytron Technologies Inc and AEM Technology (Suzhou) Limited by Share Ltd.

Behind these 6 companies, there are Albert Albert, IDG, China Hi tech investment, venture capital, such as a nano PE institutions, involving hundreds of millions of dollars of capital.

Exit without the door, so that from 2009 to 2010, LED hot when a large number of reserves of PE institutions worried. Among them, the cause of the LED industry will be listed as an important part of its rainbow strategy, has invested at least 8 LED related industrial projects, of which 6 still failed to achieve IPO exit.

Dalian Lu Ming suffered withdrawal

Hidden in the Dalian Road, PE institutions have created Albert, Shanghai LIAN and China high-tech investment.

Albert Yip's 6 listed LED project, previously, only Dalian Road, the Ming Dynasty to the Commission to declare the 1 listed materials.

However, in January 10, 2013, the Commission issued the audit status shows that the state of Dalian Ming Road to suspend review by the termination of the review.

This means that since January 8th, the Commission announced the implementation of the IPO in the audit of the company's special financial audit, Dalian road initiative to withdraw the material.

September 2009, create Albert Investment 24 million yuan, accounting for equity ratio of 7.53%. The latent PE in Dalian Road, as well as Shanghai LIAN Fund (accounting for 10%) and China Hi tech investment.

Prior to this, the financial weekly newspaper reporter had to call the Dalian Lu Ming chairman Xiao Zhiguo, he told reporters that the withdrawal of the material is not due to the reasons for the decline in performance, as for what reason is not appropriate to disclose.

In the past few years, the LED project data filled with PE agency office, no one will doubt the good prospects for the listing of the LED industry. The benefits of the capital market also makes the PE institutions crazy influx of entrepreneurs listed heart is also ready.

Therefore, as early as in 2010 before the Spring Festival, the Dalian SASAC issued the relevant approval for the listing of the Dalian road to declare the relevant documents provided.

March 28, 2011, the Commission shows that it has agreed to accept the listing of Dalian Ming Road applications. Until March 1, 2012, Dalian road is still in the implementation of the feedback phase, however, by the year March 15th, the state of Dalian road changed to suspend review.

In January 10th this year, the Commission announced the implementation of the special audit of finance only two days after the change in the state of Dalian Ming Road to terminate the review.

According to Dalian Lu Ming's official website, Dalian Luming Polytron Technologies Inc, formerly known as Dalian Luming Co. Ltd. is a company engaged in LED application business of high-tech enterprises, R & D, design, production, construction and service. Dalian Lu Ming specifically engaged in LED lighting and LED display applications and other services. In 2007, Dalian Lu Ming "new rare earth activated silicate luminescent materials and application of" project of National Technology Invention Prize two, is the only access to a semiconductor lighting State Technological Invention Award in the field of LED (LED), the application of enterprise "technology is the key technology to realize the LED white light illumination.

However, the development of a research on LED industry venture capital institutions told financial weekly newspaper reporter, at present, Dalian Lu Ming "new rare earth activated silicate luminescent phosphor materials" that profit rate is not high, but the LED industry materials, although its technical advantages, but currently on the market there have been other alternative materials. Therefore, Dalian road has always wanted to change the direction of technology.

It is understood that LED phosphor only account for 1% to 2% of the cost of white LED devices, and in recent years, LED chip and packaging technology in progress, but also requires continuous improvement and enhance the performance of phosphors.

The company's management has been a problem, after the loss of the core technical staff of the company's relatively large blow, which may be the main reason for the withdrawal of the company. The above Dalian Ming Ming venture capital institutions who told reporters.

Chau Ming technology once fell back to the cost price

Price war makes the gross margin of the LED industry continues to decline, the performance is generally expected to decline 30%. "

Dalian Lu Ming withdrew from the material, capital market, create Albert lost the opportunity to exit IPO. On the other hand, the cause of the cause of investment has been listed LED project is quite uncertain. These two have been achieved without any reduction in IPO