Taiwan enterprises under the pressure of mainland LED listed companies go to market"

"In Shenzhen alone there are five or six LED companies are ready to be listed, some have to apply to the commission. "According to insiders told reporters that at present, there are about 50 LED companies have completed or ongoing reform, once the reform ended, the investor will enter in a year, like GF Sindh honglitronic assault shares the same, fast implementation of LED companies, the Shenzhen area listed enterprise is LED, Ruifeng, Zhou Linsen Ming, Mason and photoelectric LED enterprises.

Now the situation is like going to the market, we are worried that the village will not have this shop. Industry insiders say.

The fundamental reason for everyone to catch up with the listing, in the mainland LED backlight leading manufacturers Ruifeng photoelectric general manager Gong Weibin seems to be accelerating the transfer of the Taiwan LED industry to promote competition in the mainland. "LED enterprise, both in technology and scale are not LED and Taiwan giants compete, if there is no power of capital to promote future development prospects will be gloomy, even their own R & D team are likely to be competitors poaching. Gong Weibin said.

Air raid

In March 26th, the global LED packaging giant Taiwan EPISTAR and SKYWORTH digital delta signed a cooperation agreement to jointly invest $600 million in the construction of Zengcheng LED chip project. EPISTAR also last year and the development of the Great Wall, such as Lite respectively in Xiamen and Changzhou formed a joint venture company LED chip.

Statistics show that ten major manufacturers in Taiwan LED chip extension in 7, EPISTAR, Guang Lei, Ding Yuan, charmed circle, China, new century photoelectric and Ronda in the mainland joint venture or wholly owned factories.

Gong Weibin pointed out that due to the mainland LED investment boom, may lead to short-term oversupply in the LED market. Taiwan LED giant to set up a joint venture model of the Mainland major customers, mainly based on market considerations, but directly led to the mainland LED upstream manufacturers can only become the mainland's second or third color TV manufacturers.

"The problem is that the location of second or third suppliers also need to snatch. No capital market to promote, accelerate the expansion of the scale, the status of the supplier may not guarantee. Gong Weibin said.

Honglitronic in the prospectus data show that in 2010 honglitronic income 438 million yuan, an increase of 70.51%, net profit of 63 million 240 thousand yuan, an increase of 133.46%. But the figures and EPISTAR 2010 income of 19 billion 800 million new Taiwan dollars (about 4 billion 400 million yuan) and NT $5 billion 770 million (about 1 billion 290 million yuan) compared to a net profit, there are still a big gap.

Based on this, honglitronic pointed out in the prospectus, subject to the financial strength, subject to certain constraints in expanding the production scale and optimize the product structure, especially with the Taiwan area and foreign industry leading enterprises are still in the comprehensive strength of a certain gap.

Listing trend

If the mainland LED companies can not be listed in the past two years, or to find the strength of the capital side, the future development will be full of uncertainty. Including resources, manpower and other aspects will be a problem. "Focus on the field of LED Huarui investment director Kang Wei pointed out that at present, energy-saving emission reduction policies under the influence of LED, such as the successful listing, whether it is the corporate brand, finance, credit rating, or foreign market cooperation and market confidence, will be greatly improved, especially can also through equity incentives to attract and keep LED professional.

BDO Runda chairman Wang Donglei recently also told the newspaper that the key to the development of LED enterprises in the mainland, in addition to capital strength, the most important is the talent. At present, there is a lack of experience in the world of LED talent, while the equity incentive of listed companies is to retain talent and attract talent to join the best medicine.

In March 22nd, the first phase of the stock option incentive plan Elec-Tech released (Draft), prepared for the 74 BDO core business backbone granted 13 million 500 thousand stock options, the exercise price of 19.79 yuan / share, the company's total share capital of 2.79%.

Honglitronic also said that the company's internal management personnel and key technical personnel are directly or indirectly through holding shares of the company, the company personnel with high work enthusiasm and stability, and laid a solid foundation for the sustainable development and technology development company.

Industry insiders pointed out that, although there are more than and 50 LED companies to go public, but more LED enterprisecurrent scale did not reach the listing requirements, these LED enterprises will become ready to inject LED business of listed companies pursuing the goal, "the capital market is very good LED concept now, as long as the LED business, whatever you do good and bad, the basic price will rise sharply. "

Leading enterprises in the domestic LED tunnel lamp general manager Guangdong Liuzhou company Chen Bin yesterday admitted that some listed companies want to own the business into the listed company's plate.