Since this year, following the vision photoelectric, eye-opening light, hibo photo-electricity and a number of billions of scale LED work light enterprises have closed down, Another hundreds of millions of corporate Jiahao light was closed down for up to 18 million yuan loan arrears suppliers .Near the end of the year, it is time for collection of payment, some funds tight chain of small and medium-sized enterprises.Under the payment due or upstream suppliers, it is very likely to have a usurious loan increase, boss run away or even bankrupt phenomenon.
The main reason of funding strand breaks is that excess capacity , the price decline , low profits. This phenomenon not only appears in the small and medium-sized enterprises, in many LED listed company also appeared to glide considerably profit trend.
According to statistics, 25 LED key listing Corporation revenue grew 15 companies in the third quarter of this year,accounting for 60% of the total , 10.83% lower than the first half of the year; net profit year-on-year growth of only 10, accounting for 40% of the total. 25 listing Corporation above, the decline in performance is more serious for the upstream chip and downstream enterprises display application.
According to the National Lighting R & D and Industry Alliance (CSA ) statistics, the current domestic led work light epitaxial chip enterprises is over 60 companies, the number of MOCVD equipment has been put in place about 1000 Taiwan, has become the place that have largest number of MOCVD machine. But because of , technology, personnel, patents, market demand and other reasons in the debugging process, upstream capacity has not been fully released, according to incomplete statistics.The epitaxial silicon enterprises capacity utilization ( operating rate ) is only about 50%.
M & A integration ” Use of groups ”
In this “breakout ” of the market fight , Various enterprises can be described as the ” Eight Immortals recount “. Actively open up channels and application market, IPO listed market expansion capital, go differentiation route the main market segments, make price war greatly fast landing, many enterprises choose a more direct” Groups heating ” mode, namely the merger integration.
Maybe for in which subjected to the ” market suffering ” enterprises, some suffer unspeakably. But we need to realize that, the development of an industry, especially in emerging industries, take into account the law of industry development, and sober look at the problem.The g24 LED industry only went through full competition and then just can achieve the merger and reorganization, the survival of the fittest. As the combined force of Qingyuan venture President Liu Jianyun said, M & A is just a tool that often occur in the growth stage.and increasingly fierce industry resource matching process.M & A is a normal phenomenon.