Product Maintenance

LED how to coordinate the capital market and production capacity?

Near the end of the year, LED business impact is accelerating the pace of capital market.

This Tuesday, just through the light of the Commission gem Issuance Examination Committee for approval. On Thursday, Mason technologies sounded the SFC Fashen Wei door Friday rectangular semiconductor and leyard optoelectronic two LED companies will be reviewed respectively.

In the context of overcapacity in the LED industry is now in the context of the above companies in the prospectus, raising funds are used to expand reproduction. In addition, according to the survey, there are about 50 LED companies ready to visit the capital market to raise funds to expand production, the industry believes that if this trend continues, LED industry overcapacity or will exacerbate.

Hot plate

This year, China's LED enterprises to accelerate the pace of landing capital markets.

January, Lehman officially listed. In May, the domestic LED packaging enterprises honglitronic successful landing on the Shenzhen gem. June, alto electronics and Chau Ming technology has successfully landed on the capital market. July, Ruifeng optoelectronics joined the LED listed company camp. In October, the photoelectric officially listed.

In November 25th, KingSun listed in Shenzhen in December 13th, Jufei by the sfc.

In addition to the listed companies have been successful, the reserve force of the plate is not a minority.

December 14th, to LED light source device packaging and LED lighting products will be the main business of technology will be audited. In December 16th a semiconductor and leyard optoelectronic two will ring the SFC Fashen Wei door.

It is reported that, in addition to the above companies, currently only a few companies in Shenzhen LED ready to go on the market, in addition to 50 LED companies have been completed or are in the process of reform, in order to introduce investors, the rapid realization of the listing. Currently, waiting for the listing of LED companies are ranked the year after.

Capacity digestion question

Recent listing or to be listed LED companies are mostly concentrated in the field of packaging.

Industry experts Zhang Xiaofei said: China's packaging enterprises of about more than 1 thousand and 200, more than market demand capacity. In addition, the packaging industry, such as fluorescent material prices did not decrease, although the chip has declined but not enough to reduce the packaging costs. Packaging enterprises, small scale, price competition under the homogenization of competition, resulting in lower gross margin.

In addition, Zhang Xiaofei said: the number of LED packaging enterprises in China but more fragmented, has not yet formed a leading industry enterprises. Overall, China packaging enterprises rarely have core technology, homogenization of serious competition, resulting in lower gross margin. In the future competition, packaging enterprises will bear the brunt of the reshuffle.

This is likely to face a reshuffle of the field, the recent boost in the capital market, the capacity is still growing rapidly.

Lehman photoelectric prospectus: equity investment projects put into operation, will add an annual production capacity of 264 million in-line LED devices, SMD LED devices 480 million, 9 million 600 thousand in high power LED devices, LED display of 10200 square meters, 360 thousand energy-saving lighting products LED, rapid expansion of production capacity.

Jufei described in the prospectus: the issue to raise funds after deducting the cost of issue, according to the order of priority of investment 215 million 270 thousand yuan investment for the following items: LED backlight device expansion project, investment 100 million 756 thousand and 100 yuan for the LED lighting device expansion project, invested 46 million 480 thousand yuan in LED technology research and development center project.

Jufei said: the investment project is fully put into production, the production capacity of LED backlight device will add 1 billion 440 million / year, new production capacity 720 million / year in 2010 is 2 times, LED lighting device products production capacity will increase by 660 million per year, the new capacity is 2010 capacity 90 million / year 7.33 times.

In addition, listed companies are also planning to continue to increase the capacity of China's LED industry to do the best.

Recently, Topband intends to invest 380 million yuan to build industrial park, hit 3 billion yuan, the largest new Elec-Tech LED package base, tiantonggufen 360 million yuan investment project LE D, Amethyst photoelectric intends to cast 2 billion 900 million yuan in Xinjiang production of sapphire crystal, lucidity photoelectric order four LED epitaxial wafer production equipment MOCVD.

One side of the crazy expansion of enterprises, production capacity doubled, while the downstream sales are sluggish, the industry surplus. How to digest the future, these enterprises will become an urgent need to consider the issue.

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