Deposit repeated investment worries listed companies 30 billion overweight gamble LED

Since 2010 swept the capital market boom in LED, no convergence trend. The main industry for metal logistics Australia Shunchang (002245, shares) (002245) 22 announcement, intends to LED project investment of 1 billion yuan. A day earlier, Anhui Sanan optoelectronics Huainan photovoltaic industry the first phase of the project started, the project planning and construction scale of annual output of 1000 MW high concentrating photovoltaic systems and components, a total investment of 8 billion yuan. According to the China Securities Journal reporter incomplete statistics, in 2010, only the listed company LED investment plan on the amount of more than 30 billion yuan. Among them, only three optical plans to invest up to 20 billion yuan. De Ho Runda (002005, stock it) announced a $4 billion 100 million investment in LED. The industry association statistics show that in 2009 the LED industry announced plans to invest 22 billion yuan. LED investment has obvious signs of warming. Listed companies LED investment boom can also be changed from the amount of money to raise awareness. 2007, the first listed companies to raise funds LED hot, then the first and additional investment funds to invest 3 billion 276 million yuan LED. After two years of decline, in 2009 only three optical fund-raising 800 million yuan to invest in LED; 2010 listed companies raised nearly 6 billion yuan to invest in the LED. In addition to listed companies, foreign and private enterprises is the main force of LED investment. 2009 LED investment in 37% to invest in epitaxial chips, 11% investment device packaging, investment in LED applications. Including the United States, Japan, South Korea, Taiwan LED company, as well as a large number of domestic private capital investment. The broad market prospect is the main inducement of LED investment boom. According to the high tech LED Industry Research Center statistics, in 2009, ten city million pilot has been installed in the city of about 222 thousand pilot lights, is expected to reach 1 million 120 thousand in 2011. According to the National Bureau of statistics data, the national number of street lamps in about 90 million. If you press each street lamp 5000 yuan, the market size of about $450 billion. 2009 global lighting market, LED lighting output value of about $2 billion 400 million, penetration rate of only 3.3%. The proportion of LED lighting is expected to rise to 50% in 2015, reaching $80% in 2020. Therefore, the industry will be called the LED industry, there is no ceiling industry". The researchers predict that large-scale replacement of LED lighting will be launched by the end of 2011, early 2012, 2011-2012 will be an important investment in the LED lighting industry. From the perspective of LED capital expenditures, 2008 is the beginning of a new round of LED capital expenditure. 2008 global MOCVD capital spending grew 68.2% in 2007, an increase of 10% in 2009, but in 2010 is expected to grow by 250%. Local government pushing LED investment boom in addition to promising prospects, the government played an important role in pushing hands. In 2004, "national semiconductor lighting project" plan, the development of China's semiconductor lighting industry to accelerate, the Ministry of science and technology in Xiamen, Shanghai, Dalian, Nanchang, Shenzhen, Yangzhou and Shijiazhuang approved the establishment of 7 industrial base. At present, some places will focus on the development of semiconductor lighting energy saving industry, increase support. In 2010 January, Wuhu and LED leading enterprises Sanan optoelectronics contract, Sanan optoelectronics will be a total investment of 12 billion yuan of LED project in Wuhu. According to Wuhu Sanan optoelectronics LED project agreement, Wuhu Sanan optoelectronics LED project total investment of 12 billion yuan, can be less than 856 million yuan subsidy. In December 2010, three optical announcement, the company will invest 8 billion yuan in Anhui Huainan city to build an annual output of 1000MW photovoltaic systems and components of the project. The Huainan municipal government to provide project of industrial land less than 1600 acres to the joint venture company, two for at the same time, in terms of equipment subsidies 500 million yuan, within 3 working days since the first phase of the project started three joint venture on. Huainan also promised to three joint venture production, limited to the total number of 1000MW, according to each product sales 1W subsidies 1.4 yuan. In addition, an optoelectronic also "contract" sales of LED application products and Huainan Urban Construction Committee signed, the latter from the next three years from the 450 million of the total issued purchase orders for LED yuan. Analysts said the government to attract enterprises to attract investment, and thus promote the growth of local GDP model, thus stimulating the domestic LED industry investment boom. Repeated investment worries from the current domestic market and the number of LED industry, the problem has been repeated investment. "The national media interview High Commission LED committee director Zheng Haowen said during the day before. Statistics show that in 2009, China has 3000 companies engaged in LED industry, focusing on the middle reaches of the packaging and downstream applications industry in the 70%. Small scale, low industry concentration is a significant feature of the LED industry. Analysts said that excessive focus on the low-end industry inevitably overheating. Performance of blind investment and low-level construction. In 2010 announced the LED investment, there are 52% cast into the application, the 37% cast into the chip industry, the phenomenon of overheated investment initially. In the domestic LED leading industrial chip packaging, for example, in 2010 the global LED disposable capacity of up to 140 billion 500 million, while the number of domestic LED packaging can reach up to 128 billion. In 2 years ago, the number of domestic packaging accounted for about 60% of the world. Domestic LED chip packaging enterprises in the past two years, the expansion of large-scale production and transfer of international production capacity is the main reason, which may lead to excess capacity in 2008 reproduction. In the high profit value of the epitaxial chip, chip design, domestic enterprises are significantly behind the international enterprise. Statistics