Wary of the risk of collapse of the Chinese mainland 40% LED companies or face bankruptcy

Ningbo Andy bankruptcy, Foshan XURUI photoelectricity production 40% LED enterprises facing bankruptcy or

"Energy saving technology, light of the world famous enterprises, LED industry, Ningbo Andy photoelectric not only as their own advertising language as" light of the world, even have their own trouble, filed for bankruptcy before the date.

Lu Weiqiang, general manager of Guangzhou, said Yang Yang lighting, the current LED market capacity in 120 billion - 150 billion yuan (same below), but the production capacity of more than 500 billion, serious excess capacity. The people inside the industry, every day to hear the news of the collapse of LED companies, Guangzhou, Shenzhen, Dongguan, Foshan, Jiangmen, everywhere. This year, the middle reaches of the LED packaging companies may want to die 40%, downstream to do LED applications to be abandoned half of the small and medium enterprises. "

Andy filed for bankruptcy

Ningbo Andy Optoelectronics Technology Co., owed to employees of 4 months salary, chairman Yan Weifeng has run away ", in May this year, there are users post, said Andy photoelectric" does not survive ", in March last year in 200 million, about three a month for a director of electricity are owed about 100000.

2 months later, Andy photoelectric down, founder of Yan Weifeng was restricted from the country.

"Ningbo Andy Optoelectronics Technology Co., the current situation that" display, due to excessive expansion of investment, sales of fast growth, high financial cost factors of the enterprise, resulting in business difficulties, insolvent enterprises have already filed for bankruptcy in July, the court has accepted the debtor's bankruptcy application, the relevant departments are on the disposal program.

Yan Weifeng was incorporated in 2005, the registered capital of $10 million 980 thousand in the company of Andy. At present, the LED industry is divided into the upper reaches of the middle reaches of the chip manufacturing, packaging and downstream applications, mainly engaged in L E D Andy optoelectronic packaging and application of the lighting field, the annual output of about 1-2 billion yuan, the scale is not small.

In Lu Weiqiang view, the blind expansion of production capacity, weak market sales is the main cause of the collapse of Andy. Andy photoelectric has been operating in high debt, bank borrowings used to expand production plants, equipment and technology research and development, capital chain tension.

It is said that the founder of Yan Weifeng, including the control of the company, including Andy, including arrears of more than 3 hundred million.

Small and medium enterprises have no power to resist

Andy photoelectric before, known as Chinese largest Sino foreign joint venture project in Foshan LED chip photoelectric XURUI has announced the shutdown; claiming to be "finalist for two consecutive years industry five strong L E D display enterprises, Shenzhen Diguang Electronics Co. Ltd., before it comes to an end, the legal representative of the major shareholder of the company, Xing Yi have never been heard of since.

Back then, junduoli, bolunteguang is LED closures of the martyrs "".

It is estimated that there are about 8000 LED enterprises in the mainland, in the small and scattered state, "a lot of good impression. "Lu Weiqiang said, on the one hand is open hole is too large, the threshold is too low, serious excess capacity; on the other hand, LED new product production cycle is about 3-6 months, the shortage of funds, lack of core technology of small and medium-sized enterprises defenseless.

"It is no exaggeration to say that people inside the industry, every day to hear the news of bankruptcy. At least 40% of the L E D SMEs to close down this year. Lu said.

LED capacity burst gate

"Why are so many companies dead? When you only see high government subsidies, want to take the opportunity to make money. Lu, for example, out of a subsidy red envelopes, a MOCVD machine (LED epitaxial film production equipment) 10 million yuan of financial subsidies, and some even up to $12 million.

Guangdong city to participate in some government investment project LED demonstration project of enterprise, according to the lamp price to give 10% of the grant, and discount for 3 years, to undertake the enterprise investment project L E D demonstration project of enterprise, according to the L E D lighting subsidy price 30%.

Rewards allure men to brave danger. LED companies around the rapid launch, and then stranded, or fall.

Statistics show that the time of the project between the mainland LED chip project totaling 46, has not been put into operation up to 16 projects, accounting for the proportion of the total number of projects up to 35% 2009-2010.

In addition to the aforementioned XURUI photoelectricity announced the shutdown, GCL photoelectric in 4 LED production base in the country, in addition to Xuzhou to continue production, the other stopped operation. In addition, there are Ordos core technology, crystal blue photoelectric (Quanzhou), Li core (Yingkou) electronics, Tianjin electric, Zhejiang sunshine excellence Tongling photoelectric LED chip project, as of now, not according to the original plan entered a substantive operation stage.