LED lighting: when policy sunlight into the industry night

The concept of LED had more heat, in recent years, many LED companies flocked to the capital market is remarkable: in August 12, 2010, with 70.3 times of high earnings, LED chip companies changelight appeared gem, and listed on the first day that rose 70%; in January 13, 2011, Lehman photoelectric star listed enterprises of the industry, the price earnings ratio is reached a record 131 times, the capital of the LED enterprise Chase also once reached peak. With excess capacity and economic downturn, the market enthusiasm for LED began to decline later this year, listed honglitronic, photoelectric, REFOND, Chau Ming technology also not so high up.

LED is called the fourth generation light source or green light, energy saving, environmental protection, safety, long service life, low consumption, low heat, light, white light, high brightness, waterproof, shockproof, easy adjustment, micro light beam focused, simple maintenance, can be widely applied in various directions, display, decoration, backlight and general lighting and city night scene etc..

In 1955, Radio Corporation America RubinBraunstein found GaAs (GaAs) infrared radiation effect and other semiconductor alloys, and in 1962 the U.S. Ge Corp (GE) NickHolonyakJr developed visible light LED. However, the real LED took off in 1990s after the emergence of white light LED, began to gradually be taken seriously, and the application is more and more widely.

With the continuous improvement of LED technology, the luminous efficiency is increasing and the cost is reduced. Because of its advantages over the traditional light sources and energy saving lamps, high pressure mercury lamp, etc., the advantages of LED is becoming more and more obvious. It can be said that from the current technological development, where the use of electricity can be replaced with light-emitting LED. Future LED will dominate the field of light, and the LED industry will also develop into more than one trillion of the huge industry, which breeds a lot of investment opportunities.

Industry night boss foot

Although the LED industry in the early 90s began to develop in 2000 after a wave of small climax, really fast development since the beginning of 2008, so far there are more than 20 years of development, especially has obvious changes since 2008 in the industrial scale, capital investment, technological breakthroughs, involvement of manufacturers on the volume, the height of prosperity in 2010 the result is as small as a retired old woman at home to do the production, feed, spices, clothing, textile, cement, coal, IC, solar and so on traditional industries and high-tech industry enterprises have joined the army in the LED industry. One side thriving, a mess,

However, after the feast, there will always be a broken belly.

Shenzhen's 2010 sales of billions of LED enterprises have joined the "magic boss run away tide", which also indicates that the LED bubble burst in the ominous prospect. In October 8th, Shenzhen junduoli Industrial Co., Ltd. (hereinafter referred to as "junduoli company) chairman Mao Guojun and his wife Cui Lihua in the company office and its relatives all missing, since no audio. The staff immediately understand that the boss on foot, leaving a debt and continue to gather to the front of the company.

It is understood that the junduoli company in Longhua branch of China Construction Bank loans 30 million yuan in arrears, Sinochem International Leasing Company 17 million 280 thousand yuan in arrears, the supplier has registered funds of $about 12000000, according to media reports, the Guarantee Corporation in 33 million, and even some have not yet surfaced usury.

The fallen junduoli company, in addition to its blind expansion and operation problems, with the domestic LED industry overcapacity also has a relationship. Junduoli events may be a sample of the domestic LED industry investment bubble.

The night of the LED industry is coming so fast that people are caught off guard.

2011 the overall economic environment is not good, the global LED industry growth is lower than expected, the main LED annual revenue growth fell sharply, or even negative growth. But because of the overall economic environment is not good, the terminal demand growth lower than expected, resulting in LED prices accelerated decline, the international companies accelerate prices, price competition, to further increase the pressure on companies from LED industry related companies can be seen, the three quarter of the enterprise gross margin continued to decline, the gross profit chain link package the largest decrease application link only slightly better, showing a slight downward trend. The price of LED chips is declining. According to the latest LEDInside price survey report, the third quarter of 2011, the market price of LED continued to decline, TV backlight specification (5630) fell by about 8~15%. The use of high power LED lighting quote decline, about 8~10% or so, the decline in the two quarter of the relative decline in the state, indicating that the lighting market demand is relatively stable, but the market is not a lot of orders.

At the same time, since the 2009-2011 in the first quarter of this year, around the world, manufacturers are actively increasing on the investment of LED, especially Chinese area, in the investment of LED is started in 2010, is more in 2011 before mass production, but suffered a downturn in the market, before the period of investment recovery period is longer, even it is difficult to recover. Long investment cycle, leading to the rupture of many manufacturers capital chain.

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