LED display industry debt caused by the collapse of the triangular vision Optoelectronics

Shenzhen, the sun in July, somewhat sinister. Factory, the door locked, about 20 workers scattered in the shade.

"We are ordinary workers, waiting here for wages. One of them said.

On the morning of July 4th, the reporter arrived at the Shenzhen Lake Road, Longhua District, Shenzhen on the road to the king of Light Electronics Co., ltd.. As the rumors in general, the king is willing to light electronic collapse, the company's major shareholder Xing Yi did not know.

Xing Yi, another identity - once Shizhou Ming Technology (300232, SZ) of the two founders of the company listed on the gem in the last year. This identity was not known for a time. Xing Yi ran away from home, how many people feel sad.

Domestic LED industry veteran Shi Weili said, LED display industry, the problem of triangular debt is very serious, not the majority of enterprises in the capital is very painful.

Multi factor detonated capital chain

Xing Yi had sent a short message: because of a serious shortage of funds, coupled with the national macro property flicker, so that the factory into a predicament. "

"We are ordinary workers, waiting here for wages. A worker waiting for the door in the factory revealed that the company employees less than 2 months, more than half a year did not receive wages, and the total number of staff to add up to a total of more than 100 workers.

The staff pointed out that the company's products are mainly exported to Europe and the United States, because the foreign environment is not good, can be said that no class can add.

Reporters learned from the industry, the domestic LED display industry is the best time of the day is 2005 ~ 2006.

"In fact, the industry was brilliant in the year before last. Shi Weili believes that the domestic LED display market has reached its peak after ten years of development, almost no profit space.

Shi Weili also pointed out that in this industry, the situation is very serious triangular debt, not just now, over the years. In the past, but also through bank loans and other means of financing, now less than money, so most companies are very painful, in addition to several large listed companies, other companies will not work.

Diguang electronic finance director has said that the reason for the collapse of the company is to a large extent because of the difficult problem of SME loans, they have been in Hangzhou for a loan, but encountered difficulties and twists and turns of people can not imagine.

In the LED display companies are difficult to finance through banks and other channels at the same time, the external capital of its heat is not as crazy as when the LED lighting, the industry is only in the Olympic Games and Shanghai, short-term speculation in World Expo.

Shi Weili believes that this is not related to the government's efforts to support the subdivision of the industry, the government has introduced a number of policies, but not too much, but some simple big policy introduced.

Alert LED lighting investment risk

Faced with the reality of the LED display market down, many domestic LED companies will focus on the field of lighting, LED lighting has become the key words of LED listed companies. However, some industry observers pointed out that only LED lighting to make the idea of LED industry is booming, the future is likely to die in a pool of stagnant water.

According to statistics, in 2012 the number of listed companies involved in LED, Mason technologies (002654, SZ) to raise 220 million yuan to invest in new high efficiency chip LED project and LED project green energy-saving lighting production; rectangular lighting (300301, SZ) to raise 260 million yuan of LED lighting and lamps expansion; poly fly photoelectric (300303, SZ) to raise 310 million yuan expansion and LED backlight lighting LED.

But now this piece of LED lighting has no good hype, and if you want to take this listing will be difficult. "Shi Weili said.

Shi Weili on the daily economic news reporter said, now a lot of listed companies to do the display has increased the lighting business, in general, LED lighting products than the display of higher profit margins.

Relevant data shows, Chau Ming technology, Lehman photoelectric, rectangular lighting, KingSun and other listed companies in 2011 LED display and LED lighting related products, gross margin was 23.8%, 35.83%; 32.13%, 27.71%; 27.54%, 34.91%; 31.21%, 37.62%.

Insiders pointed out that, in general, the gross profit margin of about 20% of the corresponding net profit is less than 5%.

Shi Weili believes that, in fact, many of the traditional LED's gross margin is still more than 30%, but we did not see. Moreover, due to the existence of local protection and other factors, although there are policy support, but the gross margin of LED lighting has gone. "

One of the two founder Xing Yi had Shizhou Ming Technology

"Xing Yi was also working for others, and later founded and chairman of the state of science and technology now Lei Chau electronic predecessor, Chau ming. "Shi Xing Yi Weili tell another public awareness of identity.

Chau Ming Technology prospectus, the company's predecessor was founded in October 26, 2004, Shenzhen ZHOULEI Electronic Co. Ltd., May 19, 2008 Lei Chau electronic renamed "Shenzhen unilumin Technology Co. ltd.".

The prospectus shows at the same time, Lei Chau electronic from natural Lin Mingfeng and Xing Yi jointly funded, Lin Mingfeng invested 325 thousand yuan, accounting for 65%, Yi Xing invested 175 thousand yuan, accounting for 35%.

Lin Mingfeng is currently the largest shareholder of technology, chairman and general manager.

September 2006 Yi intends to transfer its 35% stake held