Among the key listed companies in the LED industry in 2012, corporate profits generally suffered from “waistâ€.
After the global financial crisis, Dehao Runda, which started with small household appliances, suffered a loss of 60 million yuan in operating profit. The 2012 performance of Dehao Runda, which is in the transition period, has not been satisfactory. The annual report shows that the company's operating income and net profit have declined in 2012. The company achieved operating income of 2.76 billion yuan last year, down 10% from the previous year, operating profit -243.291 million yuan, down 117% from the previous year, net profit attributable to shareholders of listed companies will reach 162 million yuan, down 59% from the previous year. .
The bleak performance of Dehao Runda also reflects to some extent the epitome of the bleak performance of LED chips and epitaxial wafer companies in the upstream of the industrial chain.
According to statistics, at present, among the LED listed companies that have released the 2012 annual report and performance report, Silan's net profit fell the most, down 80% year-on-year. Last year, the net profit of the entire industry fell by about 30%.
A researcher believes that overcapacity and price war are the two main reasons for the decline in profits of listed companies in the LED industry.
A few days ago, Shenzhen Municipality abolished the "Notice on Printing and Distributing the Development Plan of Shenzhen LED Industry (2009-2015)" in the form of "Government Gazette". As an LED industry, Shenzhen's enterprises engaged in the LED industry has accounted for nearly half of the country's national market, and as the country's first LED industry planning blueprint was abolished, causing various speculations in the industry.
In an interview, Shenzhen LED manufacturers believe that Shenzhen’s LED-based LED companies have closed down, and the entire LED industry has actually experienced overcapacity. It is based on the fear that the LED industry will become the second photovoltaic industry, which may be an important reason for the Shenzhen government to abolish the plan. .
The reporter also learned in the interview that the LED industry has been hailed as a sample of the national energy conservation and environmental protection industry. With the support of national policies and various subsidies, China's LED industry has quickly become the "darling" of capital. With the rapid development of the LED lighting industry, the domestic LED industry's production capacity continues to expand, and a large number of low-end and medium-end products have excess capacity, which also leads to weak industrial competitiveness. For a time, bankruptcy, price wars, and competition for resources "smoke up", and behind this phenomenon revealed that the LED industry is changing.
The above-mentioned researcher said that due to the influx of funds from various sources, various local governments have also introduced relevant policies to vigorously support the development of the LED industry. The subsidies for LED upstream equipment are also the most important. The upstream chips of LEDs are in short supply from 2009 to 2011. There was an oversupply and it was already a serious oversupply in 2012. From the perspective of the entire upstream investment, the growth rate of investment in epitaxial wafers has dropped from 46% in 2011 to 10% in 2012, while the growth rate of investment in downstream applications has reached 21% in 2011 and 53% in 2012, which means The focus of the LED industry investment shifts from upstream to downstream.
The LED industry, which has been heated up by capital, seems to pay the price for blind injection of funds. According to the data of the High-tech LED Industry Research Institute (GLII), the upstream of the LED industry is seriously oversupplied, the operating rate is less than 50%, and nearly 50% of the entire LED upstream is idle.
The industry believes that due to the obstruction of exports, the downstream demand for LED lighting has decreased, which has caused serious overcapacity in the upstream chip field. To resolve this contradiction, we must first expand domestic demand and change the situation that the downstream is heavily dependent on exports. In addition, it will guide the LED industry to carry out structural changes, improve the concentration of low-end and mid-end areas, and encourage enterprises to increase development and research in high value-added fields.
In the eyes of the industry, the most important point is to reduce the government's administrative subsidies for LED companies, and effectively use the market to eliminate LED companies. Like many industries, the main external factor encountered in the LED industry is the excessive structure. In addition to the market conditions of the downturn, the government's administrative subsidies can't escape.
Recently, in the "Semiconductor Lighting Energy Conservation Industry Plan" issued by the National Development and Reform Commission, the target value of LED lighting in 2015 will be lowered from the 500 billion yuan in the "Twelfth Five-Year Plan" to 450 billion yuan. The industrial plan issued by the National Development and Reform Commission may be a rational policy for the future development of the LED industry.
For the future development of the LED industry, the person believes that LED companies may wish to base themselves on overseas markets and focus on expanding the domestic market. From the perspective of industrial structure, the current is mainly low-end capacity, while high-end production capacity is insufficient. Therefore, a strong enterprise should focus on the research and development of core technologies, accelerate mergers and acquisitions in the low-end and mid-end areas, and enter the high-end field.
(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.)
After the global financial crisis, Dehao Runda, which started with small household appliances, suffered a loss of 60 million yuan in operating profit. The 2012 performance of Dehao Runda, which is in the transition period, has not been satisfactory. The annual report shows that the company's operating income and net profit have declined in 2012. The company achieved operating income of 2.76 billion yuan last year, down 10% from the previous year, operating profit -243.291 million yuan, down 117% from the previous year, net profit attributable to shareholders of listed companies will reach 162 million yuan, down 59% from the previous year. .
The bleak performance of Dehao Runda also reflects to some extent the epitome of the bleak performance of LED chips and epitaxial wafer companies in the upstream of the industrial chain.
According to statistics, at present, among the LED listed companies that have released the 2012 annual report and performance report, Silan's net profit fell the most, down 80% year-on-year. Last year, the net profit of the entire industry fell by about 30%.
A researcher believes that overcapacity and price war are the two main reasons for the decline in profits of listed companies in the LED industry.
A few days ago, Shenzhen Municipality abolished the "Notice on Printing and Distributing the Development Plan of Shenzhen LED Industry (2009-2015)" in the form of "Government Gazette". As an LED industry, Shenzhen's enterprises engaged in the LED industry has accounted for nearly half of the country's national market, and as the country's first LED industry planning blueprint was abolished, causing various speculations in the industry.
In an interview, Shenzhen LED manufacturers believe that Shenzhen’s LED-based LED companies have closed down, and the entire LED industry has actually experienced overcapacity. It is based on the fear that the LED industry will become the second photovoltaic industry, which may be an important reason for the Shenzhen government to abolish the plan. .
The reporter also learned in the interview that the LED industry has been hailed as a sample of the national energy conservation and environmental protection industry. With the support of national policies and various subsidies, China's LED industry has quickly become the "darling" of capital. With the rapid development of the LED lighting industry, the domestic LED industry's production capacity continues to expand, and a large number of low-end and medium-end products have excess capacity, which also leads to weak industrial competitiveness. For a time, bankruptcy, price wars, and competition for resources "smoke up", and behind this phenomenon revealed that the LED industry is changing.
The above-mentioned researcher said that due to the influx of funds from various sources, various local governments have also introduced relevant policies to vigorously support the development of the LED industry. The subsidies for LED upstream equipment are also the most important. The upstream chips of LEDs are in short supply from 2009 to 2011. There was an oversupply and it was already a serious oversupply in 2012. From the perspective of the entire upstream investment, the growth rate of investment in epitaxial wafers has dropped from 46% in 2011 to 10% in 2012, while the growth rate of investment in downstream applications has reached 21% in 2011 and 53% in 2012, which means The focus of the LED industry investment shifts from upstream to downstream.
The LED industry, which has been heated up by capital, seems to pay the price for blind injection of funds. According to the data of the High-tech LED Industry Research Institute (GLII), the upstream of the LED industry is seriously oversupplied, the operating rate is less than 50%, and nearly 50% of the entire LED upstream is idle.
The industry believes that due to the obstruction of exports, the downstream demand for LED lighting has decreased, which has caused serious overcapacity in the upstream chip field. To resolve this contradiction, we must first expand domestic demand and change the situation that the downstream is heavily dependent on exports. In addition, it will guide the LED industry to carry out structural changes, improve the concentration of low-end and mid-end areas, and encourage enterprises to increase development and research in high value-added fields.
In the eyes of the industry, the most important point is to reduce the government's administrative subsidies for LED companies, and effectively use the market to eliminate LED companies. Like many industries, the main external factor encountered in the LED industry is the excessive structure. In addition to the market conditions of the downturn, the government's administrative subsidies can't escape.
Recently, in the "Semiconductor Lighting Energy Conservation Industry Plan" issued by the National Development and Reform Commission, the target value of LED lighting in 2015 will be lowered from the 500 billion yuan in the "Twelfth Five-Year Plan" to 450 billion yuan. The industrial plan issued by the National Development and Reform Commission may be a rational policy for the future development of the LED industry.
For the future development of the LED industry, the person believes that LED companies may wish to base themselves on overseas markets and focus on expanding the domestic market. From the perspective of industrial structure, the current is mainly low-end capacity, while high-end production capacity is insufficient. Therefore, a strong enterprise should focus on the research and development of core technologies, accelerate mergers and acquisitions in the low-end and mid-end areas, and enter the high-end field.
(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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