On February 9, the latest disclosure by the China Securities Regulatory Commission on the listed companies showed that 16 LED companies in the industrial chain including materials, chips, packaging and applications are waiting for IPO. China's LED industry has thousands of enterprises, but the annual sales of a single enterprise exceeding 1 billion yuan, most of them are around 100 million yuan, and the main reason that affects enterprises to do large-scale is the shortage of funds. After the successful listing of Lehman Optoelectronics and Hongli Optoelectronics last year, Wanrun Technology once again opened the gate of the LED industry financing tide. However, experts pointed out that the current LED industry environment is no longer the same, the relevant companies should not blindly IPO, need to consider industrial risks.
16 proposed IPOs
In recent years, the development of China's LED industry can be described as turbulent, and people are “should be overwhelmedâ€. The biggest feature is that enterprises have accelerated the pace of landing in the capital market. “Flying in the market†has become the main tone throughout the entire year. In January 2011, Lehman Optoelectronics was officially listed; in May, the domestic LED packaging company Hongli Optoelectronics successfully landed on the Shenzhen GEM; in June, Alto Electronics and Zhouming Technology also successfully landed in the capital market; in July, Ruifeng Optoelectronics joined LED listed company camp; in October, Lianjian Optoelectronics was also officially listed; in November, Qinshang Optoelectronics was listed on the Shenzhen Stock Exchange.
According to the statistics released by the High-tech LED Industry Research Institute, the output value of China's LED industry reached 154 billion yuan in 2011, a year-on-year increase of 22%, and the output increased by more than 50%. This speed of development has made many companies "coveted."
This year, China's LED industry is still continuing the listing boom last year. Shenzhen Wanrun Technology took the lead in landing in the capital market. On February 8th, it held the first public offering of stocks to sign the lottery ceremony, and released the results of the online lottery and the placement.
On February 9th, the CSRC revealed the latest information on listed companies, and 16 companies involved in LEDs. Among them, there are 6 small and medium-sized boards to be listed, including Mulinsen, Shenzhen Maoshuo Power Technology, Ningbo Hualong Electronics, Shenzhen Kelly Technology, Guangdong Jinlaite Electric Appliances, and Ocean King Lighting Technology. There are 10 companies on the GEM, including Changfang Semiconductor, Liard, and Jufei Optoelectronics.
Obviously, a new wave of listings has taken shape, and companies have been "arrowing on the strings and having to send them." From the list of companies listed and listed, it is not difficult to find that most of these enterprises are small and medium enterprises.
More than 100 million enterprises are the "poor money" is the main cause
Undoubtedly, listing is a tool for enterprises to break through the bottleneck of funds and leverage the development of enterprises. This is especially important for Chinese LED companies. Zhou Jun, an analyst at Orient Securities Co., said that there are currently a large number of LED industry companies in China, with thousands of them, but the scale of enterprises is relatively small, basically around 100 million yuan.
“For small and medium-sized LED enterprises, the listing has brought advantages in capital, brand advantage and corporate governance, which provides a good foundation for the company to further expand and strengthen.†Chairman and General Manager of Shenzhen Lehman Optoelectronics Technology Co., Ltd. Manager Li Mantie said.
In addition to financing, listing is also conducive to building a comprehensive strength of the enterprise. It is understood that whether it is extension, chip, or optical, heat dissipation, materials, etc., China's LED-related enterprises are small in scale, lack of core technology, and professional LED companies do not have advantages in terms of channels and brands, so the fundraising will help improve the company. The ability to develop, manage, brand and other aspects.
In addition, listing can increase the company's ability to take risks. For example, in 2011, there were many LED enterprise bankruptcies in China. Although there were weak technologies, too small scale, intensified market competition, and a decline in the growth of the terminal market, many of them were due to the rapid expansion and the collapse of the capital chain.
16 proposed IPOs
In recent years, the development of China's LED industry can be described as turbulent, and people are “should be overwhelmedâ€. The biggest feature is that enterprises have accelerated the pace of landing in the capital market. “Flying in the market†has become the main tone throughout the entire year. In January 2011, Lehman Optoelectronics was officially listed; in May, the domestic LED packaging company Hongli Optoelectronics successfully landed on the Shenzhen GEM; in June, Alto Electronics and Zhouming Technology also successfully landed in the capital market; in July, Ruifeng Optoelectronics joined LED listed company camp; in October, Lianjian Optoelectronics was also officially listed; in November, Qinshang Optoelectronics was listed on the Shenzhen Stock Exchange.
According to the statistics released by the High-tech LED Industry Research Institute, the output value of China's LED industry reached 154 billion yuan in 2011, a year-on-year increase of 22%, and the output increased by more than 50%. This speed of development has made many companies "coveted."
This year, China's LED industry is still continuing the listing boom last year. Shenzhen Wanrun Technology took the lead in landing in the capital market. On February 8th, it held the first public offering of stocks to sign the lottery ceremony, and released the results of the online lottery and the placement.
On February 9th, the CSRC revealed the latest information on listed companies, and 16 companies involved in LEDs. Among them, there are 6 small and medium-sized boards to be listed, including Mulinsen, Shenzhen Maoshuo Power Technology, Ningbo Hualong Electronics, Shenzhen Kelly Technology, Guangdong Jinlaite Electric Appliances, and Ocean King Lighting Technology. There are 10 companies on the GEM, including Changfang Semiconductor, Liard, and Jufei Optoelectronics.
Obviously, a new wave of listings has taken shape, and companies have been "arrowing on the strings and having to send them." From the list of companies listed and listed, it is not difficult to find that most of these enterprises are small and medium enterprises.
More than 100 million enterprises are the "poor money" is the main cause
Undoubtedly, listing is a tool for enterprises to break through the bottleneck of funds and leverage the development of enterprises. This is especially important for Chinese LED companies. Zhou Jun, an analyst at Orient Securities Co., said that there are currently a large number of LED industry companies in China, with thousands of them, but the scale of enterprises is relatively small, basically around 100 million yuan.
“For small and medium-sized LED enterprises, the listing has brought advantages in capital, brand advantage and corporate governance, which provides a good foundation for the company to further expand and strengthen.†Chairman and General Manager of Shenzhen Lehman Optoelectronics Technology Co., Ltd. Manager Li Mantie said.
In addition to financing, listing is also conducive to building a comprehensive strength of the enterprise. It is understood that whether it is extension, chip, or optical, heat dissipation, materials, etc., China's LED-related enterprises are small in scale, lack of core technology, and professional LED companies do not have advantages in terms of channels and brands, so the fundraising will help improve the company. The ability to develop, manage, brand and other aspects.
In addition, listing can increase the company's ability to take risks. For example, in 2011, there were many LED enterprise bankruptcies in China. Although there were weak technologies, too small scale, intensified market competition, and a decline in the growth of the terminal market, many of them were due to the rapid expansion and the collapse of the capital chain.
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