Profit collective landslide LED lighting industry reshuffle

Three years of output value of up to $450 billion in the LED lighting industry, is facing the performance of the investment boom brings pain.

March 13th, LED devices to detect the enterprise remote photoelectric (300306, stock it) (300306) announced in the first quarter of 2013, the results of the revised announcement, the previously forecast net profit fell 5%-35%, down to 30%-60%. Optical distance had also produce a revenue, net profit double down the annual report, the fiscal year 2012 revenues of 182 million yuan, down 11.45%; net profit of 72 million 480 thousand yuan, down 25.07%.

In the LED lighting industry, the experience is not the case of distant optoelectronics. Focus on the recent disclosure of LED listed companies in 2012 annual report or performance letters show that last year, the overall profitability of the industry appeared about 30% decline.

"The industry is still growing rapidly, but the growth of the market can not keep up with the growth of investment, had to fight a price war. Jiuzhou photoelectric general manager Xie Yongjun said in an interview with reporters, last year, LED lighting industry in terms of product costs fell by about 20%, but the terminal price decline is greater, up to 40%-50%, profit is inevitable".

Collective performance drop

The concept of the entire A shares and LED related plate has about 50 listed companies, including LED business revenue accounted for the bulk of more than 20. In the LED chip, the upstream industry chain extension film enterprises, such as HC semitek (300323, shares) (300323), Silan (600460, shares) (600460) and changelight (300102, shares) (300102), de Ho Runda (002005, shares) (002005) 2012 net profits were down 30.38%, 88.07%, 39.33%, 57.14%.

LED crystal materials provider Fu Jing Technology (002222, shares) (002222) net profit fell by 34.12%; LED power supply enterprise Moso power supply (002660, shares) (002660) net profit fell by 9.76%; the LED luminescent materials enterprises Keheng shares (300340, shares) (300340) fell 80.62%; LED package rectangular lighting enterprises (300301, shares) (300301), Lehman photoelectric (300162, shares) (300162), honglitronic (300219, shares) (300219), nationstar (002449, shares) (002449) net profit fell 27.45%, 27.36%, 34.49%, 66.45%.

In the face of the interpretation of performance, these companies invariably attributed to: 2012 macroeconomic downturn, as well as LED industry competition intensified. Distant photoelectric said, 2012 is China's LED lighting in recent years, the lowest growth rate in recent years, rectangular lighting, said last year the company to consolidate market share, take the initiative to cut prices strategy.

Xie Yongjun told reporters that due to LED in previous years is as a national energy-saving environmental protection industry sample, attracting a lot of capital involved, especially in 2009 to 2010, the domestic appeared like a swarm of bees investment LED industry situation, led to the current market supply exceeds the market growth.

LED (Light Emitting Diode, a light emitting diode) is a solid state semiconductor devices, as can be directly to the electricity into light, is considered to be a revolution in human after the fire, incandescent lamp, fluorescent lamp fourth times lighting. LED light source has the advantages of long service life, low power consumption, as early as 2009, the State Ministry of science and technology began to launch the Ten City million and other support policies, and strive to stimulate the development of the domestic LED industry.

The aura of emerging industries, LED industry has been favored by the brightest capital. Beyond the LED industry funds are mainly three types of sources: first, the traditional lighting companies. With the general manager of the world's largest lighting exhibition in Guangzhou lighting exhibition held in Guangzhou Guangya Messe Frankfurt, Hu Zhongshun's words, "do not feel shy LED now say they are lighting enterprises, even if OEM, but also put on several LED products. The second type of enterprise is from the electronics industry, because LED uses a semiconductor and other electronic components, many electronic companies are also homeopathic extension. In fact, Xie Yongjun the Jiuzhou Jiuzhou electric optoelectronics, its parent company is ranked China electronic information hundred enterprises. The third category is social capital.

Xie Yongjun said, in the case of oversupply, on the one hand, some LED companies shoddy, "a light bulb is 20 yuan, the price is down, but the quality of the products and lighting effects than traditional energy-saving lamp"; on the other hand, the entire industry into a price war last year, LED lighting products the price drop of about 40%-50%, of which 20% is due to bring down the cost of LED lighting, the rest should be attributed to the intense competition in the industry.

LED shuffle

From the second half of last year, LED lighting industry has entered a period of rapid reshuffle. "Xie Yongjun said in the LED lighting industry cluster in Shenzhen, within the circle of popular saying that" 3 days closed down 1".

In the second half of last year, has fallen into bankruptcy of the larger companies have a vision of Ningbo, Andy, Shenzhen optoelectronics, etc.. Xie Yongjun said, too much down, in addition to these have a certain size of the enterprise, there are many small and medium enterprises and manual workshop LED enterprises.

Hu Zhongshun also said that as a barometer of the domestic lighting industry integration, Guangzhou Lighting Fair although the annual total exhibition area increased, but the number of exhibitors is in decline, the area growth is by large enterprises increase the exhibition area. Guangzhou lighting exhibition in 2012, the exhibition area of 220 thousand square meters, is the world's largest lighting exhibition and LED exhibition.

Xie Yongjun believes that the first half of this year, the LED industry will continue to maintain a rapid integration of the situation, one is the small and medium-sized enterprise LED bankruptcy, "the value of mergers and acquisitions is not"; on the other hand is the integration between large enterprise LED, "this is in