LED industry or step by step photovoltaics nearly 60% of corporate profits fell

For the LED industry, winter has been going on for a year, but spring is still so far.
At the beginning of November, LED companies gathered in Shenzhen and news that the company stopped production. "Daily Economic News (microblogging)" reporter learned that Shenzhen Haobo Photoelectric Co., Ltd. (hereinafter referred to as Haobo Optoelectronics), this billion-level LED enterprise, was caught in a quagmire due to the problem of capital chain.
After the carnival in previous years, the aftermath of the LED industry has continued to emerge. Some industry insiders predict that the reshuffle period of the LED industry may last until the middle of 2014, and may even repeat the mistakes of the photovoltaic industry.
Nearly 60% of LED companies' profits have fallen behind Haobo Optoelectronics, and a large number of LED companies are experiencing the pain of a loss or a sharp decline in profits. According to the rough statistics of the "Daily Economic News" reporter, among the 42 LED-related listed companies, the profits in the third quarter fell or lost to 24 in the third quarter.
On October 25, Tianlong Optoelectronics reported the third quarter of 2012. The company's current revenue was about 41.38 million yuan, down 76.67 year-on-year; the net profit attributable to shareholders of listed companies was about 32.66 million yuan.
On October 26th, the three quarterly report of Dehao Runda's loss came one after another. The company's third-quarter revenue was about 721 million yuan, down 12.23 year-on-year; the net profit attributable to shareholders of listed companies was about -8.88 million yuan.
On October 29th, LED related enterprises in the third quarter lost another Tiantong shares: the company's current revenue was 287 million yuan, down 19% year-on-year; the net profit attributable to shareholders of listed companies was 30.08 million yuan.
In addition to these three loss-making enterprises, there are 21 LED companies that have experienced a decline in net profit. Among them, the net profit of Shilan Micro, China Microelectronics and Zhouming Technology fell by more than 80%.
For the current status of the LED industry, Wang Luyao, a senior analyst in the secondary market of Gaogong LED Research Institute, said that there is a surplus of upstream investment. He Zaihua, a senior researcher at China Investment Consulting, believes that the direct cause is overcapacity. This phenomenon is mainly affected by two factors: on the one hand, the global economy is weak, investment production is slowing down, and most of the profits of domestic LED companies are obtained by exports; on the other hand, the market blindly follows the trend, and the products are piled up at the low-end. Long-term scuffles drive down prices.
Enterprises sacrificed profits to release inventory For many LED companies, the direct way to overcapacity is to start a price war.
Recently, the "Daily Economic News" reporter called the company as the investor's name, the staff said that many companies were expanding production last year, many companies have the phenomenon of selling goods, so the price of chips is falling. . But she stressed that although the price dropped, the company's sales still rose.
According to the third quarterly report of Ganzhao Optoelectronics, the total profit and net profit of the current period decreased year-on-year, mainly due to the large decline in chip prices compared with the same period of last year, and the decline in chip gross margin.
The relevant person of Huacan Optoelectronics Co., Ltd. also said that the company’s sales have increased, but the price has dropped considerably.
He Zaihua believes that the current disordered development of the LED market, insufficient demand, and the focus on the low-end products are similar to those of the photovoltaic industry. If LED companies do not see the market environment in time, they are likely to fall into a similar stalemate with the PV industry.
Guo Xiu, secretary-general of the Guangdong Lighting Association, predicted that the LED industry reshuffle will continue until mid-2014.

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