2011, Jufei Optoelectronics, Mason Technologies 7 LED enterprises in the IPO. This year, led high bay the LED company IPO boom continues.
February 1, the SFC announced a total of 515 IPOs to apply in the trial list of companies, at least nine LED companies are queued for listing. According to the research of the Institute of Engineering LED industry, led street light lens, currently has about 50 LED companies have completed or are ongoing share reform, in order to introduce the investment side, led street light lens, and quickly achieve the listing.
Expansion of scale to lower the costs, the main purpose of the LED business listing and financing. Tide corresponding to this IPO is that the LED application market to open slowly, led street light lens, domestic LED lighting market penetration of only 5%. The advantages of LED lighting has not yet been excited, experts believe that companies want to open up the market need to strengthen research and development.
IPO tide will continue to
LED Engineering Research Institute research report pointed out that these LED companies to be listed are mostly concentrated in the packaging field.
In fact, LED packaging companies, led street light lens, profit is not huge. Xiao-Fei Zhang, Zhejiang Senior Engineer Industrial Research Institute, revealed that the packaging companies in China more than 1,200 production capacity more than the market demand. Packaging companies, small-scale, homogeneous competition triggered a price war, led street light lens, gross margins continuing to fall.
“Excess capacity is not necessarily a bad thing, will automatically exit the sake of profits.” BDO Runda Chairman Wang Dong-lei, in the current LED market, the ability to control costs has become the core competitiveness of enterprises, can not drive down the cost of enterprise only accept the fate of mergers and acquisitions or collapse.
The big companies want to scale to lower the costs to survive in this price war has begun. Zhang Xiaofei, led street light lens, domestic LED industry is still in its infancy, the gap between the enterprises is not obvious, the advantages of enterprise gap, quickly established a leading position in the industry segments. “Some companies have chosen to mergers and acquisitions for expansion, whether expansion or mergers and acquisitions, we need a lot of money.” He said.