"Three questions" PK three "response" to the LED optoelectronics April Fool's day?

April 1st is the western traditional folk festival April Fool's day, regardless of men and women, old and young each joke with each other, can be fooled in exchange for entertainment. On the same day, a "three optical market value of 20 billion yuan of truth" raged in the LED industry, which is in to the LED "fool's Day"? And not have to look at three optical "three questions" and "three response".

Clarify the response of the street

Million yuan worth of street - Sanan optoelectronics for signing time?

"Art, no one is offended". An investor to evaluate the company's response to high street lamps.

The evening of April 2nd, Sanan Optoelectronics Market Weekly "published" the day before "Sanan Optoelectronics Market Value of 20 billion yuan of truth" to be clarified, the company admitted that million yuan worth of street and admitted by the XinDa LED opto foundry street. However, the company will be attributed to the high price of all the time to sign the street early, apparently contrary to the facts.

In April 1st, the "stock market weekly" released results investigating the truth of the Sanan optoelectronics, an optoelectronic three LED road and other business almost entirely by the current government to buy Lamps, while Wuhu, Huainan, Quanzhou, almost all trades with the huge investment of government orders. An optoelectronic provided to the LED street price far higher than the market price of the local government, especially in Quanzhou, Anxi project signed in 2011, 3 times more than the market price.

In addition, the lights are from three optical sales outsourcing, and not its claim to "design and production", the role played in the government just cattle in the order. There are still serious street price orders higher than the market price, part of the implementation of government orders difficult and government orders are not bidding procedures are illegal and other issues.

In the Clarification Announcement, Sanan optoelectronics admit most LED applications through the XinDa photoelectric processing organization. The company also claimed that at the time of the high cost of technical conditions, with the gradual decline in the cost of technology upgrading, and the contract price is much higher than the market price of the street is mainly because the contract was signed early.

Statistics show that in September 27, 2011 the "three optical signed with the Quanzhou city construction of state-owned assets investment limited and Anxi County State-owned Assets Investment Limited sales contract LED application products". In Quanzhou and Anxi street lamps procurement contract announcement, the company said the purchase price of 62 yuan per watt, two LED street lamp (60-200 watts) is about 3720-12400 yuan / light.

This reporter field survey found that the so-called "street lamp" in the contract, including only a street lamp holder, and not expensive solar street lamps, are ordinary city circuit lights. Authoritative research institutions in the industry data show that pure LED street lamp (ie lamp), in 2011 was 23 yuan / watt or so, in 2012 fell to 15-16 yuan / watt.

According to XinDa photoelectric quotation backward, Sanan optoelectronics and the Quanzhou municipal government and Anxi County, the contract price is high. XinDa insiders to provide a 2012 LED street lamp quotes table shows that the price of each type of street light is only 16-19 yuan per watt.

In the 2012 semi annual and annual reports, before no disclosure has been disclosed in an optoelectronic LED lamp main business revenue and gross margin. Company insiders had on the securities market weekly, said, because the street gross margin is too high, in order to avoid unnecessary trouble, so merged together.

"Securities market weekly" found that the lights and the local government signed a contract Sanan optoelectronics, not only the existence of difficulties in the implementation of government procurement is also suspected of violating the relevant laws.

In addition, the notice also on the street the pricing model of vague, implementation on the three large government LED street how to do things carelessly, to get government order LED process is illegal keep from talking about.

The announcement does not deny that some government orders by the implementation of the problem, otherwise he announced the purchase of various government orders last year out. "A Beijing investor told the securities market weekly reporter.

Clarify the response to the inflated investment

- Tianjin, Wuhu project is not inflated investment?

Compared with other LED wafer and chip production enterprises, HC semitek dry according to Yangzhou, Tianjin, Wuhu three plant project cost high, allegedly inflated investment.

Clarify the announcement, although the recognition of street lamps purchased from XinDa photoelectric, do not deny the high price of street lamps and related contracts did not pass the public bidding procedures, etc., but strongly denied the concealment of related party transactions and asset appreciation.

Mention the alleged inflated assets in question, Sanan optoelectronics said in a Clarification Announcement: "LED blue green and red light yellow, blue and green LED MOCVD production equipment can not produce red yellow light, blue and green manufacturing conditions of red and yellow light are not the same, there are differences in facilities, changelight in red and yellow light LED production business, and the company is not comparable.

Securities market weekly reporter survey found that LED epitaxial wafer chip production line, whether it is red or yellow or green light, are divided into the front epitaxial film growth, back-end chip manufacturing. Although the period involved many supporting equipment, but MOCVD equipment is the key equipment in the epitaxial growth process, and the price is expensive, in LED epitaxial chip the entire production investment is relatively high, more than 90% of global MOCVD from the United States and Germany Siqiang dimension ekey AI companies.

According to public information, according to the dry under the sun's light Yangzhou project mainly produces red and yellow light LED chip, MOCVD equipment from Germany, Ai Siqiang, an average price of 1372 single