Recently, the long-lost LED industry has once again become the scent of the eyes of capital. First, Xishan Coal and Electricity (000983,), which has nothing to do with LED, announced its entry into the LED industry. Sunlight Lighting (600261) subsequently changed the part of the “micro-mercury environmental protection and energy-saving lamp industrialization project†for the private placement project to “annual production of 20 million piecesâ€. (set) LED lighting products industrialization project"; followed by, Furi Electronics (600203) also said that it will raise funds to focus on the development of the LED industry.
The movements of the above three companies have sparked heated discussions among investors, and the long-lost LED industry has new investment opportunities.
70% of LED listed companies' performance declined
Recently, a report on the debt crisis of “Big Eyes†Optoelectronics has once again tightened the fragile nervousness of the LED market. At the beginning of November, Haobo Optoelectronics had another crisis, which made many market people worry about the LED industry or the PV industry.
Judging from the situation of listed companies, as of the third quarter of this year, nearly 70% of LED companies experienced a decline in net profit. Wei Wei (300317) was listed in May this year, and its net profit fell by more than 90% in the third quarter, and was issued a warning letter by the Securities and Futures Commission.
A market source said that the phenomenon of rapid success, overcapacity and vicious competition in the LED industry is not uncommon. Various companies are mixed, and everyone is insisting that even if they lose money, they must produce. Zhang Xiaofei, director of the High-tech LED Research Institute, said that the LED industry reshuffle brought about by overcapacity in recent years is inevitable.
Huabao Securities pointed out in the research report that excessive investment has made the LED industry oversupply, and many enterprises are in the middle and lower reaches of the lower technical barriers. In the future, LED companies will face a cruel survival of the fittest. A small number of enterprises will gradually grow, and more enterprises will face the fate of being eliminated.
LED investment is now "small orgasm"
In the context of the sluggish environment in the LED industry, some companies outside the industry have aggressively entered the LED industry.
On November 29, Taiyuan Xishanguang, a joint venture between Xishan Coal and Guangzhou Guangwei Lighting Technology Co., Ltd., was unveiled for Lighting Technology Co., Ltd. The registered capital of the company is 10 million yuan. The products include various types of explosion-proof lamps, LED light sources, street lamps and other commercial lighting products and road lighting products used in mines. The estimated annual sales income is 30 million yuan, and it is planned to be built in Shanxi Province within 5 years. The largest production base of high-power LED lighting products.
And some companies that have already been in the LED industry have chosen to expand their production.
On December 1, Ruifeng Optoelectronics (300241) announced that it needed to expand its LEDs due to business needs. On December 5, Sunshine Lighting announced that it had changed part of a private placement investment project to “annual production of 20 million (sets) of LEDs. Lighting product industrialization project"; On December 6, Furi Electronics announced that it transferred two properties, with a total transfer price of 52.76 million yuan, and the proceeds will be used to focus on LED, industrial energy conservation and electronic communication industries.
Furi Electronics said that the company's concentrated development of LED is not a temporary plan. The company also mentioned in the announcement that the company will make full use of the major development opportunities of LED, industrial energy conservation and other industries to make it become the company's most important profit growth point. .
According to the data, sales of Furi Electronics' LED packaging products and LED application products have increased significantly compared with the same period of last year. In the first half of this year, the company achieved a main business income of 15.5233 million yuan, a year-on-year increase of 179.45%, and a net profit of 116,500 yuan, which turned losses into profits.
In the context of many companies withdrawing from the LED industry, the above companies have successively added the LED industry. Does this indicate that the LED industry has passed the most difficult period?
Do not have a picture
A brokerage researcher told reporters that LED is a worthy industry. When the incandescent lamps were previously eliminated, the state subsidized more than 2 billion yuan for energy-saving lamps, and now the subsidies for LEDs are far from the previous ones. The good news is that in the first half of the year, the central and local governments have introduced many industrial policies that are conducive to the LED industry. From a micro level, producers have now entered the channel construction stage. Under the circumstance of consumers' awareness of LED lighting, the industry's prosperity will be expected to rise next year.
The above researchers also said that the LED industry is mainly the two major businesses of backlighting and lighting. The market scale of lighting is larger than that of backlights. Especially now, LED lighting products are getting closer to traditional energy-saving lamps and fluorescent lamps in design maturity. Compared with the backlight business, the lighting business is more worthy of attention.
Guojin Securities said in its strategy report that the LED industry is currently at the bottom. After the peak period of capacity release, the mid-to-high-end consumer demand is still stable; led by economic highlights, policy support and corporate promotion, LED lighting The business will enter a high-speed growth period in 2013, and it is expected that the second quarter of next year will usher in a good period of policy introduction and order release.
However, one investment researcher is not as optimistic as Guojin Securities. He believes that the recent switch to or expansion of LEDs by many companies can only reflect that these companies believe that the industry prospects are good, as to whether they are at the bottom and whether there will be a reversal. Hard to say. Instead, he believes that the recent large-scale entry or expansion of LED projects by these companies proves the disorder of the industry. For example, Xishan Coal and Electricity has not had any intersection with the LED industry. Although the price of coking coal has declined this year, it has chosen nothing. In the related LED industry, “the feeling is that the doctor is in a hurry and the effect is not necessarily goodâ€.
Regarding whether there will be a rebound in the industry's prosperity, the above-mentioned investment researchers said that they can now think that they are close to the bottom, but the so-called reversal does not necessarily occur. Even if the economy rises, it is a relatively slow process.
An agency pointed out that although the LED industry currently has certain market problems, the industry outlook is still worth looking forward to, especially the LED lighting market. In the case of overcapacity, many companies have switched to the LED industry or large LED companies to continue to expand production capacity, and these companies may have advantages in capital or sales channels. In the future, China's LED production capacity will increase significantly in a short period of time, which will inevitably put a lot of pressure on the market. Companies need to find the advantage of differentiation to win the market, and do not blindly expand production capacity.
An industry insider in Guangdong said that many companies now do LEDs. On the one hand, they may feel that the industry has expectations in the future, and on the other hand, they hope to obtain government financial subsidies or land subsidies.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
The movements of the above three companies have sparked heated discussions among investors, and the long-lost LED industry has new investment opportunities.
70% of LED listed companies' performance declined
Recently, a report on the debt crisis of “Big Eyes†Optoelectronics has once again tightened the fragile nervousness of the LED market. At the beginning of November, Haobo Optoelectronics had another crisis, which made many market people worry about the LED industry or the PV industry.
Judging from the situation of listed companies, as of the third quarter of this year, nearly 70% of LED companies experienced a decline in net profit. Wei Wei (300317) was listed in May this year, and its net profit fell by more than 90% in the third quarter, and was issued a warning letter by the Securities and Futures Commission.
A market source said that the phenomenon of rapid success, overcapacity and vicious competition in the LED industry is not uncommon. Various companies are mixed, and everyone is insisting that even if they lose money, they must produce. Zhang Xiaofei, director of the High-tech LED Research Institute, said that the LED industry reshuffle brought about by overcapacity in recent years is inevitable.
Huabao Securities pointed out in the research report that excessive investment has made the LED industry oversupply, and many enterprises are in the middle and lower reaches of the lower technical barriers. In the future, LED companies will face a cruel survival of the fittest. A small number of enterprises will gradually grow, and more enterprises will face the fate of being eliminated.
LED investment is now "small orgasm"
In the context of the sluggish environment in the LED industry, some companies outside the industry have aggressively entered the LED industry.
On November 29, Taiyuan Xishanguang, a joint venture between Xishan Coal and Guangzhou Guangwei Lighting Technology Co., Ltd., was unveiled for Lighting Technology Co., Ltd. The registered capital of the company is 10 million yuan. The products include various types of explosion-proof lamps, LED light sources, street lamps and other commercial lighting products and road lighting products used in mines. The estimated annual sales income is 30 million yuan, and it is planned to be built in Shanxi Province within 5 years. The largest production base of high-power LED lighting products.
And some companies that have already been in the LED industry have chosen to expand their production.
On December 1, Ruifeng Optoelectronics (300241) announced that it needed to expand its LEDs due to business needs. On December 5, Sunshine Lighting announced that it had changed part of a private placement investment project to “annual production of 20 million (sets) of LEDs. Lighting product industrialization project"; On December 6, Furi Electronics announced that it transferred two properties, with a total transfer price of 52.76 million yuan, and the proceeds will be used to focus on LED, industrial energy conservation and electronic communication industries.
Furi Electronics said that the company's concentrated development of LED is not a temporary plan. The company also mentioned in the announcement that the company will make full use of the major development opportunities of LED, industrial energy conservation and other industries to make it become the company's most important profit growth point. .
According to the data, sales of Furi Electronics' LED packaging products and LED application products have increased significantly compared with the same period of last year. In the first half of this year, the company achieved a main business income of 15.5233 million yuan, a year-on-year increase of 179.45%, and a net profit of 116,500 yuan, which turned losses into profits.
In the context of many companies withdrawing from the LED industry, the above companies have successively added the LED industry. Does this indicate that the LED industry has passed the most difficult period?
Do not have a picture
A brokerage researcher told reporters that LED is a worthy industry. When the incandescent lamps were previously eliminated, the state subsidized more than 2 billion yuan for energy-saving lamps, and now the subsidies for LEDs are far from the previous ones. The good news is that in the first half of the year, the central and local governments have introduced many industrial policies that are conducive to the LED industry. From a micro level, producers have now entered the channel construction stage. Under the circumstance of consumers' awareness of LED lighting, the industry's prosperity will be expected to rise next year.
The above researchers also said that the LED industry is mainly the two major businesses of backlighting and lighting. The market scale of lighting is larger than that of backlights. Especially now, LED lighting products are getting closer to traditional energy-saving lamps and fluorescent lamps in design maturity. Compared with the backlight business, the lighting business is more worthy of attention.
Guojin Securities said in its strategy report that the LED industry is currently at the bottom. After the peak period of capacity release, the mid-to-high-end consumer demand is still stable; led by economic highlights, policy support and corporate promotion, LED lighting The business will enter a high-speed growth period in 2013, and it is expected that the second quarter of next year will usher in a good period of policy introduction and order release.
However, one investment researcher is not as optimistic as Guojin Securities. He believes that the recent switch to or expansion of LEDs by many companies can only reflect that these companies believe that the industry prospects are good, as to whether they are at the bottom and whether there will be a reversal. Hard to say. Instead, he believes that the recent large-scale entry or expansion of LED projects by these companies proves the disorder of the industry. For example, Xishan Coal and Electricity has not had any intersection with the LED industry. Although the price of coking coal has declined this year, it has chosen nothing. In the related LED industry, “the feeling is that the doctor is in a hurry and the effect is not necessarily goodâ€.
Regarding whether there will be a rebound in the industry's prosperity, the above-mentioned investment researchers said that they can now think that they are close to the bottom, but the so-called reversal does not necessarily occur. Even if the economy rises, it is a relatively slow process.
An agency pointed out that although the LED industry currently has certain market problems, the industry outlook is still worth looking forward to, especially the LED lighting market. In the case of overcapacity, many companies have switched to the LED industry or large LED companies to continue to expand production capacity, and these companies may have advantages in capital or sales channels. In the future, China's LED production capacity will increase significantly in a short period of time, which will inevitably put a lot of pressure on the market. Companies need to find the advantage of differentiation to win the market, and do not blindly expand production capacity.
An industry insider in Guangdong said that many companies now do LEDs. On the one hand, they may feel that the industry has expectations in the future, and on the other hand, they hope to obtain government financial subsidies or land subsidies.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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