Policy subsidies extended shrink LED enterprises Baotuan cold

"It's supposed to be the three quarter of this year may be issued, but still no sound. 9, a close to the NDRC LED executives confirmed to the newspaper, after the market rumors of the end of the 8 billion yuan LED lighting subsidies not only late, but also face the possibility of shrink.

According to the reports, the national pre subsidy policy raised LED upstream investment in excess capacity, the Commission in the formulation of a new round of policy support more cautious, expected possibility of LED lighting end-user subsidies in the year low.

Root statistics show that in 2011 China's LED output is expected to reach 154 billion yuan, an increase of 22%, while output grew by more than 50%.

30%-50% growth is the normal rate of development of LED, but the growth of 50% did not bring the growth of the profit of 50%. "Analysts pointed out that since the second half of this year, and in the middle and lower reaches of the LED enterprise gross margin fell by 30%-50% range, industry is entering a winter.

Subsidy extension shrink"

Prior to this reporter learned from relevant sources, the national development and Reform Commission and the Ministry of finance are jointly studying the development of LED lighting terminal sales subsidy policy. Preliminary information obtained is that this round of subsidies are not for all enterprises, the products need to go through testing, certification, and ultimately to bid for about twelve enterprises, 8 billion yuan subsidy amount previously rumored is also carried out in stages.

But then there is news that the first round of the LED terminal subsidy policy will be dominated by commercial lighting, product application lock LED lamp and LED lamp two products, primarily about 4 million the number of subsidies. In accordance with the current market average price of such lamps, and reference to the standard of the past 50% subsidies, subsidies amount of only about $200 million.

"If it is a few hundred million words, then points to each enterprise is probably millions of. Analysts pointed out that the symbolic significance of subsidies is greater than the actual interests.

According to the national "12th Five-Year" science and technology development plan, in 2015 LED accounted for more than 30% of the domestic general lighting market share, the output value reached $500 billion, while the current market penetration of LED is only 5%. In order to promote the development of the LED industry China, reduce energy consumption, the Ministry of science and Technology launched the "ten city lights" semiconductor lighting demonstration city plan at the beginning of 2009, according to the LED lighting and traditional lighting compared to the incremental investment 30% ~ 50% subsidies, join the city from the initial surge in Beijing, Shanghai, Shenzhen, Wuhan 21 China the developed city to 42 city currently.

This triggered a wave of street lighting industry. A lot of LED lamp manufacturers with the newspaper, after the LED lamp factory price of about a thousand dollars, but in the end, the government procurement price becomes five thousand or six thousand or even over a million yuan, the profit is very considerable.

But as for the year to join, LED street lamp market situation is much worse than before. According to energy management in Varitronix (Shenzhen) company president Zhu Jianqin said, according to the current 1 watts to 3 to 4 yuan, up to 120 watts in 360 dollars, including installation and five years of quality assurance, very meager profits.

In addition to street lights, the state is also on the upper reaches of the chip LED production subsidies. It is understood that a MOVCD machine, more than three million yuan of government subsidies, enterprises in order to seize the commanding heights, buy a lot of MOVCD, on chip project. This led to the upstream chip prices plunge.

This year, LED chip prices fell by nearly 30%. To 2 inches sapphire substrate, for example, the market price from last year's highest level of $38 per piece, fell to about $25 in the beginning of the year / piece, and then to the current $8, $7. However, the same side Limited by Share Ltd vice president Wang Lianghai believes that the current market price of the chip has not hit the bottom, there is still room for the future.

Early support for LED has led to the emergence of excess investment in the upstream chip, the low price of the street light bid was the principle of making a lot of inferior LED approach, which are contrary to the original intention of the country. The closer to the NDRC LED executives said, with the warning, the NDRC will be more cautious in the discussion of the civil LED subsidy policy.

Enterprises Baotuan winter"

According to statistics, there are 69 new investments in the first half of 2011 more than 100 million of the investment projects, and last year only 74; the upstream epitaxial chip, the first half of the investment is 71 billion 794 million, last year's total investment 52.11%; investment in the first half of the most popular is the sapphire project planning, contracted investment amounting to 21 billion 506 million, is last year's total investment of 94.63%.

"Because of the excess of investment last year and the year before the accumulated capacity has forced many enterprises to take measures of price war, so that the chip prices fell, many of the current inventory report number is very high. "

Sanan optoelectronics three quarterly show, the company at the end of September the inventory balance of more than 930 million yuan, compared with the beginning of the 310 million yuan over two times, and belong to the upper reaches of the changelight inventory growth has doubled, reaching 138.4%.

To some extent, the upstream chip price decline for the overall price of LED is also good. "REFOND chairman Gong Weibin told reporters, at present in packaging enterprise's survival condition is healthy, only that day a lot tougher than before," before the 30%-50% margin, may return to 15%-20% this year. "

Gong Weibin believes that after the experience of the industry will eventually return to the essence of investment, if there is no more than 30% of the gross profit, the chip upstream production space is more difficult; and the packaging industry of 20%