"Energy-saving technology, light up the world", a well-known LED industry, Ningbo Andy Optoelectronics is not only unable to "light the world" as its own slogan, even its own is difficult to protect, recently formally filed for bankruptcy.
Lu Weiqiang, managing director of Guangzhou Shuaiyang Lighting, said that the current LED market capacity is 120 billion to 150 billion, but the production capacity is more than 500 billion, and the production capacity is seriously overcapacity. "The people inside the industry, every day, I heard the news of the closure of LED enterprises, Guangzhou, Shenzhen, Dongguan, Foshan, Jiangmen, everywhere. This year's LED packaging companies in the middle reaches may have to die 40%, downstream SMEs for LED applications I have to drop half."
Andy Opto applied for bankruptcy
"Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees four months' salary, and the chairman of the board Yan Weifeng has already run." In May this year, some netizens posted that Amidi Optoelectronics could not support it. In March last year, it owed 200 million yuan. I changed the director about three months, and the electricity bill owed more than 100,000.
Two months later, Andy Optoelectronics fell and the founder Yan Weifeng was restricted from leaving the country.
"Ningbo Andy Optoelectronics Technology Co., Ltd. Current Situation Description" shows that due to factors such as excessive expansion of the enterprise, unsatisfactory sales growth, and high financial costs, the company has difficulties in operating and the assets are insolvent. At present, the company has filed for bankruptcy, and the court has already The debtor’s bankruptcy application is accepted in the month, and the relevant departments are handling the procedures according to procedures.
Yan Weifeng registered and established Andy Optoelectronics Co., Ltd. in 2005 with a registered capital of 10.98 million US dollars. At present, the LED industry is mainly divided into upstream chip manufacturing, midstream packaging and downstream application fields. Andy Optoelectronics is mainly engaged in LED packaging and application lighting, with an annual output value of about 1-2 billion yuan, the scale is not small.
In Lu Weiqiang's view, blind expansion of production capacity and weak market sales are the main reasons for Andy's collapse. Andy Optoelectronics has been operating with high debt, and bank loans are used to expand production plants, purchase equipment and technology research and development, and the capital chain is tight.
It is reported that the companies controlled by founder Yan Weifeng, including Andy Optoelectronics, have owed more than 300 million yuan.
SMEs have no power to fight
Before Andy Optoelectronics, Xu Rui Optoelectronics Co., Ltd., which claims to be China's largest Sino-foreign joint venture LED chip project, has announced that it has stopped production; LED display companies that claim to be “the top five companies in the industry for two consecutive years†and Shenzhen Vision Optoelectronics Co., Ltd. have also come to the end. Legal representative and major shareholder Ji Yi did not know what to do.
Going back, 钧多立, åšä¼¦ç‰¹ is the "martyr" of the LED closure.
According to estimates, there are currently about 8,000 LED companies in China, which are in a small and scattered state. "Many are indiscriminate." Lu Weiqiang said that on the one hand, the mouth is too big, the threshold is too low, and the production capacity is excessively overcapacity; on the other hand, LED new The production cycle of the products is about March-June. The shortage of funds and the lack of core technology for SMEs have no power.
"It is no exaggeration to say that people in the industry hear news of bankruptcy every day. At least 40% of LED SMEs will close down this year," Lu said.
LED quality door
“Why are so many companies dying now? Because everyone only saw the government’s high subsidies, they wanted to take the opportunity to make money.†Lu, for example, a subsidy red envelope issued by a city, a MOCVD machine (LED epitaxial wafer production) Equipment) financial subsidies of 10 million yuan, and some even as high as 12 million yuan.
For some enterprises in Guangdong, the enterprises participating in the LED demonstration project of government investment projects will be given a subsidy of 10% according to the price of the lamps and a discount for 3 years. For enterprises that undertake the LED application demonstration project of enterprise investment projects, according to the price of LED lamps, 30% Give subsidies.
Under the reward, there must be a brave man. LED companies around the world quickly launched, and then stranded, or fallen.
According to the statistics of the High-tech LED Industry Research Institute (GLII), there are 46 domestic LED chip projects between 2009 and 2010, and there are as many as 16 projects that have not been put into production, accounting for 35% of the total number of projects.
In addition to the aforementioned Xu Rui Optoelectronics announced the suspension of production, GCL Optoelectronics in the country's four LED production base, in addition to Xuzhou continue to produce, all others stopped operating. In addition, there are also LED chip projects such as Erdos Core Energy Technology, Crystal Blue Light (Quanzhou), Lixin (Yingkou) Electronics, Tianjin Excellence China Sunshine Power, Zhejiang Tongling Optoelectronics, etc. As of now, they have not entered the actual production stage as planned. .
Even LED products that are put on the market face quality problems. Just last month, only 4 months of listing of Changfang Lighting (300301.SZ) occurred a national LED lighting recall event, a national recall of 3W LED candle bulbs that have been issued and sold in the Chinese market, and centralized destruction . According to industry sources, the long-term lighting needs high sales to stimulate the capital market, and price cuts become the most direct means. The price of a lighting fixture for the rectangular lighting has dropped from 70 yuan to 30 yuan, but the quality problem has also exploded. “Changfang lighting will never be an isolated case, and the quality problems of the LED industry will continue to emerge.â€
Lu Weiqiang, managing director of Guangzhou Shuaiyang Lighting, said that the current LED market capacity is 120 billion to 150 billion, but the production capacity is more than 500 billion, and the production capacity is seriously overcapacity. "The people inside the industry, every day, I heard the news of the closure of LED enterprises, Guangzhou, Shenzhen, Dongguan, Foshan, Jiangmen, everywhere. This year's LED packaging companies in the middle reaches may have to die 40%, downstream SMEs for LED applications I have to drop half."
Andy Opto applied for bankruptcy
"Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees four months' salary, and the chairman of the board Yan Weifeng has already run." In May this year, some netizens posted that Amidi Optoelectronics could not support it. In March last year, it owed 200 million yuan. I changed the director about three months, and the electricity bill owed more than 100,000.
Two months later, Andy Optoelectronics fell and the founder Yan Weifeng was restricted from leaving the country.
"Ningbo Andy Optoelectronics Technology Co., Ltd. Current Situation Description" shows that due to factors such as excessive expansion of the enterprise, unsatisfactory sales growth, and high financial costs, the company has difficulties in operating and the assets are insolvent. At present, the company has filed for bankruptcy, and the court has already The debtor’s bankruptcy application is accepted in the month, and the relevant departments are handling the procedures according to procedures.
Yan Weifeng registered and established Andy Optoelectronics Co., Ltd. in 2005 with a registered capital of 10.98 million US dollars. At present, the LED industry is mainly divided into upstream chip manufacturing, midstream packaging and downstream application fields. Andy Optoelectronics is mainly engaged in LED packaging and application lighting, with an annual output value of about 1-2 billion yuan, the scale is not small.
In Lu Weiqiang's view, blind expansion of production capacity and weak market sales are the main reasons for Andy's collapse. Andy Optoelectronics has been operating with high debt, and bank loans are used to expand production plants, purchase equipment and technology research and development, and the capital chain is tight.
It is reported that the companies controlled by founder Yan Weifeng, including Andy Optoelectronics, have owed more than 300 million yuan.
SMEs have no power to fight
Before Andy Optoelectronics, Xu Rui Optoelectronics Co., Ltd., which claims to be China's largest Sino-foreign joint venture LED chip project, has announced that it has stopped production; LED display companies that claim to be “the top five companies in the industry for two consecutive years†and Shenzhen Vision Optoelectronics Co., Ltd. have also come to the end. Legal representative and major shareholder Ji Yi did not know what to do.
Going back, 钧多立, åšä¼¦ç‰¹ is the "martyr" of the LED closure.
According to estimates, there are currently about 8,000 LED companies in China, which are in a small and scattered state. "Many are indiscriminate." Lu Weiqiang said that on the one hand, the mouth is too big, the threshold is too low, and the production capacity is excessively overcapacity; on the other hand, LED new The production cycle of the products is about March-June. The shortage of funds and the lack of core technology for SMEs have no power.
"It is no exaggeration to say that people in the industry hear news of bankruptcy every day. At least 40% of LED SMEs will close down this year," Lu said.
LED quality door
“Why are so many companies dying now? Because everyone only saw the government’s high subsidies, they wanted to take the opportunity to make money.†Lu, for example, a subsidy red envelope issued by a city, a MOCVD machine (LED epitaxial wafer production) Equipment) financial subsidies of 10 million yuan, and some even as high as 12 million yuan.
For some enterprises in Guangdong, the enterprises participating in the LED demonstration project of government investment projects will be given a subsidy of 10% according to the price of the lamps and a discount for 3 years. For enterprises that undertake the LED application demonstration project of enterprise investment projects, according to the price of LED lamps, 30% Give subsidies.
Under the reward, there must be a brave man. LED companies around the world quickly launched, and then stranded, or fallen.
According to the statistics of the High-tech LED Industry Research Institute (GLII), there are 46 domestic LED chip projects between 2009 and 2010, and there are as many as 16 projects that have not been put into production, accounting for 35% of the total number of projects.
In addition to the aforementioned Xu Rui Optoelectronics announced the suspension of production, GCL Optoelectronics in the country's four LED production base, in addition to Xuzhou continue to produce, all others stopped operating. In addition, there are also LED chip projects such as Erdos Core Energy Technology, Crystal Blue Light (Quanzhou), Lixin (Yingkou) Electronics, Tianjin Excellence China Sunshine Power, Zhejiang Tongling Optoelectronics, etc. As of now, they have not entered the actual production stage as planned. .
Even LED products that are put on the market face quality problems. Just last month, only 4 months of listing of Changfang Lighting (300301.SZ) occurred a national LED lighting recall event, a national recall of 3W LED candle bulbs that have been issued and sold in the Chinese market, and centralized destruction . According to industry sources, the long-term lighting needs high sales to stimulate the capital market, and price cuts become the most direct means. The price of a lighting fixture for the rectangular lighting has dropped from 70 yuan to 30 yuan, but the quality problem has also exploded. “Changfang lighting will never be an isolated case, and the quality problems of the LED industry will continue to emerge.â€
12V Power Battery,Electric Car Battery,Lithium Ion Battery,Lithium Rechargeable Battery
Sichuan Liwang New Energy Technology Co. , https://www.myliwang.com