Listed 30 billion listed companies with repeated investment worries gamble LED

Since 2010 swept the capital market boom in LED, no convergence trend. Industry 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 China Securities newspaper reporter to incomplete statistics, in 2010, LED investment plans amounted to only listed companies 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. And Industry Association statistics show that in 2009 the LED industry announced investment plans for 22 billion yuan. LED investment has obvious signs of warming. Listed LED investment spree can also perceive changes over the years from the amount of fund-raising. 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 are 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. Broad market prospect is a major cause 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 LED lighting in the global lighting market value of about $2 billion 400 million, the 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". Research estimates, large-scale alternative LED lighting will start at the end of 2011 and early 2012, 2011-2012 years will be an important investment point of LED lighting industry. From LED capital expenditures, 2008 is the beginning of the LED industry a new round of 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 push LED investment boom in addition to prospects, pushing government plays an important role in it. 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. 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, the "contract" is an optoelectronic 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 subsidies to attract business investment, and promote the local GDP growth, thereby stimulating the domestic LED industry investment boom. Repeated investment worries "from the current number of domestic market and LED industry, there have been repeated investment problems. "The national media interview High Commission LED committee director Zheng Haowen said during the day before. Display statistics, in 2009 China has 3000 enterprises engaged in LED industry, 70% focus on the midstream and downstream industry application package. Small scale, low industry concentration is LED industry characteristics. Analysts said that excessive focus on the low-end industry inevitably overheating. Performance of blind investment and low-level construction. Announced in 2010 LED investment, investment 52% to 37% applications, into the chip industry, emerging investment overheating phenomenon. To domestic LED chip package leading industry as an example, in 2010 the global LED disposable capacity of up to 140 billion 500 million, while the number of domestic LED package can reach 128 billion. In 2 years ago, the number of domestic packaging accounted for about 60% of the world. Domestic LED chip packaging enterprises over the past two years the massive expansion and international transfer of production is the main reason, and this may lead to overcapacity in 2008 reproduction.