The game? Scam? Listed companies across the frequency domain LED

Listed companies frequently cross reached the LED field, with broken halberds defeat or going out? LED is betting on a game, or a scam?

The concept of LED booming era, many business and LED eight pole could not beat the enterprises have mustering the strength to head into "LED tide", is a hot headed or deliberate after ripe? Do not take the boundary behavior whether seemingly had the desired effect? In recent years with the production overcapacity, the market downturn continued to influence once, with a speculative "impulse" into the LED industry outsider companies choose helpless exit, some companies use the LED service to achieve re energized.

The strong points of the capital to eat fat meat, such as the lion's lion in the lion's share of a little more food resources, to seek new profit growth point to become one of the reasons listed companies to enter the field of LED. Reporters found that in the "way of speculation LED business", Fanta has a ready force with broken halberds defeat type, type of Australia Shunchang, there is no venga type optical crystal, Guangdong sweet salted fish type, has courageously positive transformation of LED lighting Sun Ming, the LED lighting to the Jingdong selling cars BYD king mall.

Sapphire: no venga

Crystal photoelectric main business is mainly based on precision optical thin film components, accounting for 90.15% of revenue. But in the field of sapphire substrate, the optical crystal is going out. Crystal optoelectronic sapphire substrate from the beginning of October 2010, the company intends to invest an annual output of 3 million 600 thousand high brightness LED sapphire substrate project. At that time the price of sapphire substrate flat chip peak, 2 inches sapphire substrate flat film had sold for $35.

However, due to the expansion of production capacity of 2011 annual fluctuation and LED trade terminal demand, the main raw material of sapphire substrate crystal material prices dropped sharply, a decrease of up to more than 50%, the stock market loss caused by certain. Affected by this environment, crystal photoelectric 2011 sapphire substrate revenue 9 million 511 thousand and 600 yuan, a loss of $2 million 130 thousand.

By 2012, sapphire crystal sapphire substrate business has finally started to become a new growth point. Annual revenue reached 49 million 853 thousand yuan, an increase of 424.13%, profit of $2 million 900 thousand.

The same is to enter the sapphire substrate business tiantonggufen, the day may not be so moist, from August 2011 after the investment project of the sapphire substrate, the year 2012 only bring business sales of 50 thousand yuan, operating profit loss of up to 36 million 180 thousand yuan.

Tiantonggufen and 2012 operating income of 1 billion 130 million 320 thousand yuan, year-on-year decrease of 1 billion 358 million 230 thousand yuan 227 million 910 thousand yuan, a decline of 16.78%; net profit attributable to shareholders of listed companies to -19694 million, compared to the same period last year a decrease of 12 million 100 thousand yuan 209 million 40 thousand yuan.

But the shares do not give up this day in April this year, also announced that the total amount of funds raised is expected to not more than 309 million yuan, plans to invest an annual output of 1 million 150 thousand pieces of 4 inches LED sapphire substrate material transformation projects and supplement working capital. May 10th, the day of the shares in the 2012 annual results briefing, said the first quarter of this year, LED lighting applications are growing rapidly, the market demand growth trend is very obvious.

Epitaxial chip project: investment need to be cautious

Get involved in cross-border epitaxial chip field of listed companies mainly, Fangda group, Silan, Tongfang, Australia Shunchang, Guangdong Gan Hua (the original "ST Gan").

Where the case of investment in the case of large group called LED investment industry failure case. Since 2000, Fangda group and the Institute of semiconductors, Nanchang University joint research and development, production of gallium nitride (GaN) as the representative of the third generation semiconductor material and a blue LED, white LED, blue laser LD and full-color display and other high-tech products.

With the announcement in June 2012 to stop holding subsidiary of Shenyang Fangda Semiconductor Lighting Co., Ltd., all of the big group's LED business will gradually fade out of the market. According to the announcement of Fangda group, LED business losses in 2011 net profit of 17 million 290 thousand yuan (hereinafter referred to as the yuan), accounting for the proportion of the proportion of the group's net profit that year -17%.

In contrast, Silan deep semiconductor and integrated circuit industry, 2004 cross into the LED field, a wholly owned subsidiary of Hangzhou Silan azure Co. Ltd. (hereinafter referred to as "Silan azure") was founded in September 2004, has experienced the peak era display with LED chip. Chip 2007 Silan azure LED device sales revenue 168 million yuan, an increase of 278.54%; 2008 Silan azure operating income 183 million yuan, net profit of 34 million 150 thousand yuan; 2009 Silan azure sales revenue 201 million yuan, net profit of 28 million 860 thousand yuan; 2010 Silan azure operating income 393 million yuan, net profit of 120 million yuan.

Since 2011, LED chips can not escape the price decline, the fate of fierce competition. 2011 Silan azure achieved operating income of 341 million yuan, down 13.14%, net profit of 55 million 30 thousand yuan, down 54.12%.

In this epitaxial chip market downturn background, original business paper business of Guangdong Gan Hua December 2011 announcement that the company intends to invest 836 million yuan to set up a wholly-owned subsidiary of Germany photovoltaic investment in Jiangmen national hi tech Industrial Development Zone production projects LED epitaxial wafer, wafer production line will be built 20 sets of MOCVD equipment and supporting chip production line.

At the time, the Jiangmen municipal government to support the efforts of the LED industry is not small - for each MOCVD equipment subsidies ranging from 8 million yuan to 12 million yuan. In 2011, the original "ST gan"