Zhejiang LED lighting industry has been tested

Investment Capabilities Double Surplus Industry Faces Life and Death Test

Failure frequency book. Due to weak market demand and fierce competition, many LED SMEs have closed down.

On the 25th, the third quarter reports of LED companies were released: Tianlong Optoelectronics (2012) reported in the third quarter of 2012 that the company's current revenue decreased by 76.67% year-on-year; BDO ​​Runda (002005, stocks) three quarterly report showed that the company's current revenue A year-on-year decrease of 12.23%; Tiantong (600330, stocks) third-quarter report shows that the company's current revenue decreased by 19% year-on-year.

Analysts at related institutions said that there are more than three LED companies that are in a state of loss. It is understood that 21 LED companies also experienced a decline in net profit.

In the face of the status quo of the LED industry today, Guan Baiyu pointed out that it is not surprising that some companies operating LED products have suffered losses or even closed down, because this industry has already had an excess of investment since 2010.

“Upper upstream investment is the main reason for the loss of the company,” said Zhu Xiaoyu, chairman of Zhejiang Zhongzhou Optoelectronics Co., Ltd. (600184, Share Bar) Co., Ltd., saying that the current LED industry has market chaos, no independent brands, and low consumer acceptance.

He Zaihua, a senior research fellow at China Investment Consulting, said that the immediate cause of the current situation in the LED industry in China is overcapacity. There are two main causes of excess capacity: First, the global economy is sluggish, which is unfavorable for domestic LED companies that rely mainly on exports for profitability. Second, domestic and foreign low-end products get together and companies blindly fight price wars despite quality.

The risk of depository policy favorable or quadruple the LED output value

Studies have shown that most incandescent lamps convert 90% of the energy consumed into useless heat, and less than 10% of the energy becomes light.

"China's electricity consumption for Lighting accounts for about 13% of total electricity consumption in society. If we replace all of the 1.4 billion incandescent lamps in use in China with energy-saving lamps, we can save 48 billion kwh per year, which is equivalent to reducing carbon dioxide emissions by 48 million annually. Ton, so the reduction and phase-out of incandescent lamps is an important measure for energy conservation and emission reduction, said Li Jingning, head of the accounting department of the Zhejiang Provincial Economic and Information Commission.

Zhu Xiaoyun said that under the current macro background of global energy shortages, energy conservation is an important issue in the future. In the field of lighting, the application of LED is attracting people's attention. LED lighting's global market share has increased from 2% in 2007 to 11% in 2012.

"LED as a new type of green light source product is bound to be the trend of future development. In the 21st century, it will enter the era of LED lighting represented by a new type of lighting source." Zhu Xiaoyun said.

It is against this backdrop that Zhejiang Province established a provincial LED lighting industry and technology alliance to promote the application of LED lighting in Zhejiang Province. “Zhouhou Optoelectronics will serve as the first president unit and will assume the responsibility of building, developing, and expanding the influence of the alliance. They will work together to break through the technical bottlenecks of LED lighting technology innovation and industrial development, and increase the overall level of the semiconductor lighting industry in our province. "Zhu Xiaoyu said.

According to the relevant person in charge of the National Development and Reform Commission, China is a major producer and consumer of lighting products. The output of energy-saving lamps and incandescent lamps ranks first in the world. In 2010, the output of incandescent lamps and domestic sales were respectively 3.85 billion and 1.07 billion. “The National Development and Reform Commission is studying and formulating measures to encourage LED promotion and it is expected that the industry will quadruple its output value in five years,” said the person in charge.