[Text / Zhou Xiaoqing] "In the next two or three years, the number of companies that can survive in the LED chip industry is estimated to be no more than 10." Chen Wenyuan, formerly the general manager of China Light and Power Zhenhua Crystal Technology Co., Ltd., told the "High-tech LED" reporter.
In Chen Wenyuan's view, many listed companies in the capital market have recently claimed to expand production capacity. In contrast, many small and medium-sized enterprises are reducing production capacity and even stopped production. The overall production capacity on the market surface is expanding, but more accurately it should be that the market is integrating production capacity, especially in the field of upstream epitaxial chips.
“2013 is an exciting year. Due to the rapid development of the lighting industry, the production capacity of the upper, middle and lower reaches has been fully utilized, and the overcapacity has been alleviated. But 2013 is also a year of anxiety for the industry, although There are a lot of orders, and revenue has increased, but due to the price war, the gross profit margin of the company has become lower and lower,†said Dr. Zhang Xiaofei, Dean of GLII.
Judging from the 2013 annual report released by the company, in addition to Sanan Optoelectronics chips and LED products achieving revenue of about 3.28 billion yuan, gross profit margin increased by 7.1% year-on-year, other companies' performance is not good. Although Silan Micro's Shilan Mingxin achieved operating income of 180 million yuan, a year-on-year increase of 19.6%, but the net profit was -41.3 million yuan, and the loss increased by 41.76% compared with 2012. Similarly, the Dehao Runda 2013 annual report also showed that the company's LED operating income was 1.44 billion yuan, an increase of 42.8%, while the gross profit margin decreased by 8.0%.
Wu Yongsheng, deputy general manager of Jiangsu Xinguanglian Technology Co., Ltd. said that although the phenomenon of increasing revenue in the chip market continues, the shipments of many domestic chip manufacturers have increased rapidly in the first quarter of this year, and the upstream chip market has also improved overall. All companies are full of production, the market is very hot, and prices are stabilizing.
Judging from the performance of the company in the first quarter of this year, Wu Yongsheng’s statement is true. According to GLII statistics, the total output value of China's LED industry reached 74.68 billion yuan in the first quarter of 2014, a year-on-year increase of 25.9%. The output value of LED upstream chip industry was 2.40 billion yuan, up 21.6% year-on-year. It is expected that the output value of LED chips is expected to exceed 10 billion yuan in 2014.
After the winter, LED chip companies seem to usher in the spring of development. Many people think that the downstream market can save some chip companies and bring them new opportunities, but the reality is not as optimistic as expected.
Chen Wenyuan analyzed that the downstream volume is the engineering market this year, and the growth is indeed very fast. However, the characteristics of the chips used in the engineering market are high-power, and a few of them can meet the requirements in China, such as Sanan Optoelectronics and Blu-ray Technology. Most SMEs or smaller listed companies have no way to enter this market, and naturally they are unable to obtain the favorable demand from the downstream lighting market.
"Taking the bulbs with larger shipments as an example, the chips required by IKEA bulbs have three levels of control over suppliers, and the average company can't get in." Chen Wenyuan said: "On the contrary, this pair Most companies are not only not good, but will accelerate the industry reshuffle. Because most orders now have higher requirements for chips."
Therefore, Chen Wenyuan believes that the good days of the industry should be next year, this year enterprises will experience the pain of asset restructuring, the days should not be better. "If the company can survive this September, it should not lose at least next year."
However, it is better to see if this year will usher in a good day next year. More industry insiders still say that it is still unknown.
According to Chen Wenyuan's forecast, in the future chip market, only about 5 to 10 companies will be able to solve the problem of insufficient capacity or overcapacity according to market supply. At that time, the company will slowly subdivide the market according to its own characteristics, because the chip market still has a lot of technology to be broken, each of them may have different technical conditions, and the main direction will be different. After the market segmentation, there should be one or two leading companies like Sanan Optoelectronics, positioning the integrated market, and pleasing the size of the market, but they can not take into account each market segment, and other market space is still considerable.
In Chen Wenyuan's view, many listed companies in the capital market have recently claimed to expand production capacity. In contrast, many small and medium-sized enterprises are reducing production capacity and even stopped production. The overall production capacity on the market surface is expanding, but more accurately it should be that the market is integrating production capacity, especially in the field of upstream epitaxial chips.
“2013 is an exciting year. Due to the rapid development of the lighting industry, the production capacity of the upper, middle and lower reaches has been fully utilized, and the overcapacity has been alleviated. But 2013 is also a year of anxiety for the industry, although There are a lot of orders, and revenue has increased, but due to the price war, the gross profit margin of the company has become lower and lower,†said Dr. Zhang Xiaofei, Dean of GLII.
Judging from the 2013 annual report released by the company, in addition to Sanan Optoelectronics chips and LED products achieving revenue of about 3.28 billion yuan, gross profit margin increased by 7.1% year-on-year, other companies' performance is not good. Although Silan Micro's Shilan Mingxin achieved operating income of 180 million yuan, a year-on-year increase of 19.6%, but the net profit was -41.3 million yuan, and the loss increased by 41.76% compared with 2012. Similarly, the Dehao Runda 2013 annual report also showed that the company's LED operating income was 1.44 billion yuan, an increase of 42.8%, while the gross profit margin decreased by 8.0%.
Wu Yongsheng, deputy general manager of Jiangsu Xinguanglian Technology Co., Ltd. said that although the phenomenon of increasing revenue in the chip market continues, the shipments of many domestic chip manufacturers have increased rapidly in the first quarter of this year, and the upstream chip market has also improved overall. All companies are full of production, the market is very hot, and prices are stabilizing.
Judging from the performance of the company in the first quarter of this year, Wu Yongsheng’s statement is true. According to GLII statistics, the total output value of China's LED industry reached 74.68 billion yuan in the first quarter of 2014, a year-on-year increase of 25.9%. The output value of LED upstream chip industry was 2.40 billion yuan, up 21.6% year-on-year. It is expected that the output value of LED chips is expected to exceed 10 billion yuan in 2014.
After the winter, LED chip companies seem to usher in the spring of development. Many people think that the downstream market can save some chip companies and bring them new opportunities, but the reality is not as optimistic as expected.
Chen Wenyuan analyzed that the downstream volume is the engineering market this year, and the growth is indeed very fast. However, the characteristics of the chips used in the engineering market are high-power, and a few of them can meet the requirements in China, such as Sanan Optoelectronics and Blu-ray Technology. Most SMEs or smaller listed companies have no way to enter this market, and naturally they are unable to obtain the favorable demand from the downstream lighting market.
"Taking the bulbs with larger shipments as an example, the chips required by IKEA bulbs have three levels of control over suppliers, and the average company can't get in." Chen Wenyuan said: "On the contrary, this pair Most companies are not only not good, but will accelerate the industry reshuffle. Because most orders now have higher requirements for chips."
Therefore, Chen Wenyuan believes that the good days of the industry should be next year, this year enterprises will experience the pain of asset restructuring, the days should not be better. "If the company can survive this September, it should not lose at least next year."
However, it is better to see if this year will usher in a good day next year. More industry insiders still say that it is still unknown.
According to Chen Wenyuan's forecast, in the future chip market, only about 5 to 10 companies will be able to solve the problem of insufficient capacity or overcapacity according to market supply. At that time, the company will slowly subdivide the market according to its own characteristics, because the chip market still has a lot of technology to be broken, each of them may have different technical conditions, and the main direction will be different. After the market segmentation, there should be one or two leading companies like Sanan Optoelectronics, positioning the integrated market, and pleasing the size of the market, but they can not take into account each market segment, and other market space is still considerable.
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