The overall strength of less than LED enterprise insulation 2012 China top 500

Recently, the China Business Association, the China Association of entrepreneurs in Jilin, Changchun released 2012 top Chinese companies, Sinopec for the first time in 8 consecutive years to lead the list of the top 500. This year, the main business of LED business as in previous years, no one. But in the enterprises on the list in the list, there are some enterprises to actively expand or extend the LED business, cut into the LED field, such as Midea Group Limited, Limited by Share Ltd TCL group, New Century Group Holdings Limited, Aoyang group and other enterprises. However, these companies in the list of 500 is still a handful, and mostly state-owned enterprises, LED business accounted for a small proportion of its total operating income. It can be seen that, in recent years the rise of LED industry in Chinese enterprise clusters slightly awkward position.

According to the reporter, in terms of finalists threshold, this year, China's top 500 finalists reached a threshold of $17 billion 510 million, an increase of $3 billion 310 million over the previous year. The current Chinese LED enterprises operating income of less than 1 billion yuan. In the top 500 enterprises in China, the number of enterprises operating income of more than $100 billion increased significantly, reaching 107, an increase of over the previous year, a total of 27. In terms of operating profitability, although these 500 companies total revenue reached 44 trillion and 900 billion yuan, an increase of 23.6% over the previous year, but the income margin was 4.7%, down 1.07 percentage points over the previous year; profit rate is 1.6%, 0.32 percentage points lower than the previous year. This shows that in the complex economic situation, the operating income of these enterprises, while maintaining a high level of growth, but did not achieve a level of profitability growth. This is the same situation faced by the current LED companies, are low net profit high sales.

Rapid increase in the size of enterprises, profitability has declined

2012 China's top 500 enterprises operating income reached $44 trillion and 900 billion, an increase of 23.6% over the previous year; finalists threshold of $17 billion 510 million, an increase of 23.3% over the previous year. In the rapid increase in the scale at the same time, 2012 of the top 500 enterprises in Chinese profitability declined, income margin was 4.7%, down 1.07 percentage points over the previous year; profit rate is 1.6%, 0.32 percentage points lower than the previous year.

In contrast, LED, 2012 is known as the first year of LED lighting, many enterprises in the development of the industry is facing a variety of changes, agitation and impact. The state has to support the introduction of LED industrial policy, but the industry still faces overcapacity, coupled with the impact of technical barriers in Europe and America, LED enterprises in the first half of 2012 to hand over the transcripts are not satisfactory, according to statistics, 70% of the LED listed company's revenue and net profit fell. As of mid August, more than 20 listed companies in the LED industry released a report or performance forecast. According to statistics, of which 15 revenue and net profit both fell, accounting for more than 70%.

Mergers and acquisitions continued to be active, the status of the list of enterprises more stable

2012 Chinese enterprises in the top 500, there are 154 companies in 2011 to implement the merger and reorganization activities, a total of mergers and acquisitions of the company's 1111, with the previous year, the basic flat, mergers and acquisitions activity continued to be active in. Among them, 110 state-owned enterprises mergers and acquisitions of a total of 918 enterprises, accounting for the total number of mergers and acquisitions of the number of 44 private enterprises, a total of mergers and acquisitions of the merger of the 193 companies, accounting for 17.4%. At the same time, compared with a few years ago, the number of Companies in the list of sixty or seventy, this year, China's top 500 enterprises in the list of only about 38, the status of the list of enterprises more stable.

Such mergers and acquisitions in the current critical period of development of LED industry is tantamount to a "piece of cake":2011, CREE (CREE) announced the acquisition of RuudLighting lighting manufacturers to reach out to high performance LED lighting applications market; GE acquisition of LED electronic drive pioneer Lightech Gong; OSRAM completed the German SITECO, EncELium, TRAXON and other three American Technology Corp the company's acquisition of PHILPS's acquisition of two professional lighting manufacturers; Indal and Optimum; this year, the capital of Shenzhen, Han's laser announced LED big screen leader Yuanheng Yuanheng photoelectric photoelectric, holding a 51% stake to 41 million 800 thousand yuan, deeply involved in the LED application domain; the acquisition of Depp Jun Yu technology 60% stake to 160 million yuan, indirect access to Jiangxi Weiguang 95% stake acquisition Guangjia crystal...... In the fierce competition in the market, large enterprises through mergers and acquisitions to consolidate the status of SMEs in the form of warming up more to cope with the impact of the market. After mergers and acquisitions in the future, there will eventually be LED enterprises to enter China's top 500 list.

R & D investment continued to increase, but R & D intensity has declined

It is understood that 2012 Chinese companies invested a total of 500 R & D funds of $511 billion 600 million, an increase of 16.5% over the previous year. From the research and development of patent output, 2012 China enterprise 500 has a total of 258 thousand patents, an increase of 17.03% over the previous year; including 75 thousand invention patents, an increase of 28.9% over the previous year, patent of invention patents accounted for the rise in all. But it is worth noting that the average R & D intensity of 2012 of the top 500 Chinese enterprises was 1.33%, down from the previous year.

The lack of core technology is facing a huge problem in China LED industry, LED industry chain, including the application of the LED epitaxial wafer production, LED chip production, LED chip package and LED products of the 4 links, the technical content of epitaxial films of the highest chip. In the middle and upper reaches of the field in the country in recent years began to develop, the domestic LED chip supply capacity is still far from meeting the needs of many LED manufacturers also rely heavily on imports. Only a small number of domestic enterprises engaged in chip R & D and production, most of which are government backed enterprises. From the development trend of LED, domestic enterprises have to invest more in R & D strength.