LED enterprises will be lined up behind the great leap forward worries?

Shenzhen Jufei Au Optronics Co and Shenzhen wealthrun Polytron Technologies Inc IPO for today and tomorrow will be successively, the A is expected to become the A-share market this year, the rapid expansion of the LED corps of the army. The rectangular semiconductor, leyard optoelectronic will also apply on the No. 16. This year, there have been Lehman photoelectric, honglitronic, Chau Ming technology, REFOND etc. not less than five LED production enterprises listed in the LED industry has a variety of overcapacity situation, with a large number of fund investment and capacity expansion, waiting for the domestic LED industry will be similar to a polysilicon tragedy?

LED industry is divided into upstream epitaxial wafer, substrate and chip, midstream packaging and downstream lighting and backlight. One of the core technology is the upstream of the high brightness LED epitaxial wafer and chip manufacturing technology, and in the field of domestic enterprises and Japan and other countries there is a big gap in technology. The middle reaches of the packaging industry is the direction of development of domestic enterprises. Packaging has been dubbed the throat of China's LED industry". Poly fly optoelectronics and million run technology are also LED packaging companies, fund-raising to invest in the same direction to the main project to expand the package project.

Poly fly photoelectric prospectus (Draft) shows that the company plans to raise funds to invest in the production of backlight LED devices, lighting LED device expansion projects and LED technology R & D center project. Raise investment projects fully postpartum, backlight LED device production capacity will be increased by 1 billion 440 million / year, lighting LED device production capacity will increase by only 660 million / year. Allring technology prospectus shows that the company will mainly invest in raising production and construction projects of new high efficiency chip LED and LED lighting production project of green energy, after the completion of the project, the patch type LED light source device, each year will add 984 million kinds of production capacity and all kinds of LED lighting lamp and a 660 thousand lamp 792 thousand meters of production capacity.

This is December of two proposed capacity expansion plans of listed companies, from the BDO to run from Lehman photoelectric, Topband to tiantonggufen and lucidity, Amethyst photoelectric photoelectric and so on, are expanding production capacity of LED enterprises can list a long list. Behind the rapid expansion of production capacity, whether there is sufficient demand to support it?

"Consumers can spend 10 dollars or even lower prices to buy energy-saving light bulbs a 7W or so, and buy a LED bulb 3 to 5W about 80 yuan, in this case how would you choose?" Dongguan securities industry researcher put forward such a question easy to answer. He pointed out that the current end of the LED enterprise products are mainly export-oriented, domestic applications are mainly based on the backlight, display based, lighting needs have not yet started. In the case of private demand is still too early to start, relying solely on government financial subsidies and administrative procurement, is unlikely to provide the rapid expansion of production capacity to match demand. In this case, the LED industry, especially in the middle reaches of the LED packaging industry is difficult to escape a brutal winter. In October this year, "China famous brand enterprise" the title of the LED enterprises in Shenzhen junduoli Industrial Co., Guojun Shuaixia boss Mao tens of millions of yuan debt accident "run away". It is understood that junduoli sales profit rate decreased year by year from 10% in 2007, will eventually become a first fall.

Look at Jufei financial report, as of June 30th, monetary funds for 53 million 310 thousand yuan, 46 million 289 thousand yuan notes receivable, accounts receivable 100 million yuan, accounts receivable and notes receivable amount is nearly 3 times the amount of cash in company, its high profit growth or accounting means and technology dictates, Mason there are different approaches but equally satisfactory results wonderful results. If the two companies will be, I do not know when the annual report will be another scene?