Under the pressure of severe overcapacity, Guangdong, which occupies more than half of the country's LEDs, has experienced the risk of large LED companies failing. At the same time, there is also a branch of the state-owned Guangdong Branch to urgently notify subordinate branches to warn of systemic risks.
Recently, the Guzhen Town Government of Zhongshan City, known as the “China Lighting Capitalâ€, reported that a large-scale billion-dollar operator of the Xiongji LED Lighting Factory was suspected of escaping, suspected of contract fraud and refused to pay labor compensation. The local public security department Already involved. The reporter also learned that just a few days ago, the boss of Shihao's LED LED factory opposite the LED factory was also running. These are just the latest cases in the trend of LED business failures this year. Before that, LED companies with a scale of more than one billion yuan were closed.
It is understood that Xie Yingxiong, the boss of Xiongji LED, has a reputation in the ancient town of Zhongshan and has been engaged in the lighting industry for 24 years. From the original one of the light bulb factory employees to their own bosses, after being defrauded in more than 7 million yuan in 1999, Dongshan restarted. In 2005, he set up a 3,000 yuan to build Xiongji lighting. Last year, the output value was as high as 150 million yuan. However, Xie Yingxiong could not be contacted a month ago.
The rise and fall of the industry is warm and cold, and banks will be aware of the risks before they are considered. The reporter recently learned that a branch of a state-owned Guangdong branch has issued an urgent notice. "In recent years, the investment scale of the LED industry has grown rapidly, and the overcapacity situation has become prominent, and systemic risks have emerged." At the same time, branches of subordinate branches and other branches are required to The industry's stock credit customers conduct surveys and require that the details of the survey, the credit status, and the proposed method of handling the risk response be reported before August 2nd.
The reporter also learned that other banks have also noticed the risks involved, and issued risk warnings to their subordinate branches and account managers. They intend to tighten credit and credit, and collect debts.
In recent years, LED investment has overheated to overcapacity, or an important source of risk. Guangdong has a strong support for the development of the LED industry. There are few in the country, but this is also controversial while stimulating Guangdong to become the LED leader.
According to GLII data, in 2012, Guangdong's LED output value reached 150 billion yuan, accounting for more than 70% of the country's total of 205.9 billion yuan. At present, there are more than 6,000 LED companies in Guangdong Province. “However, Guangdong Province still has no core competitiveness in terms of LEDs, and the LED industry has brought severe capacity pressure,†industry analysts said.
What worries the industry is that Shenzhen, which occupies half of Guangdong's LEDs, issued a government gazette in March this year, abolishing the "Notice on Printing and Distributing Shenzhen LED Industry Development Plan (2009-2015)" issued in 2009. Although Shenzhen has repeatedly denied the abandonment of the LED industry, there is still no substantial support policy in Shenzhen.
It is worth noting that the momentum of overheating LED investment has begun to return to rationality. The latest statistics from the High-tech LED Industry Research Institute (GLII) show that in the first half of 2013, the newly planned investment in China's LED industry was 37 billion yuan, down 16% year-on-year, setting a new low since 2010.
Reporters combing the performance data of listed companies in the LED industry found that despite the high subsidies of the government, many companies achieved profitability, but the net profit in 2012 began to decline from the previous year. The situation in the first quarter of this year is not optimistic, and the year-on-year decline. Taking Dehao Runda as an example, in 2012, the company's net profit fell from 392 million yuan in 2011 to 162 million yuan, and net profit in the first quarter of this year was 432.9 billion yuan, down 30% year-on-year.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Recently, the Guzhen Town Government of Zhongshan City, known as the “China Lighting Capitalâ€, reported that a large-scale billion-dollar operator of the Xiongji LED Lighting Factory was suspected of escaping, suspected of contract fraud and refused to pay labor compensation. The local public security department Already involved. The reporter also learned that just a few days ago, the boss of Shihao's LED LED factory opposite the LED factory was also running. These are just the latest cases in the trend of LED business failures this year. Before that, LED companies with a scale of more than one billion yuan were closed.
It is understood that Xie Yingxiong, the boss of Xiongji LED, has a reputation in the ancient town of Zhongshan and has been engaged in the lighting industry for 24 years. From the original one of the light bulb factory employees to their own bosses, after being defrauded in more than 7 million yuan in 1999, Dongshan restarted. In 2005, he set up a 3,000 yuan to build Xiongji lighting. Last year, the output value was as high as 150 million yuan. However, Xie Yingxiong could not be contacted a month ago.
The rise and fall of the industry is warm and cold, and banks will be aware of the risks before they are considered. The reporter recently learned that a branch of a state-owned Guangdong branch has issued an urgent notice. "In recent years, the investment scale of the LED industry has grown rapidly, and the overcapacity situation has become prominent, and systemic risks have emerged." At the same time, branches of subordinate branches and other branches are required to The industry's stock credit customers conduct surveys and require that the details of the survey, the credit status, and the proposed method of handling the risk response be reported before August 2nd.
The reporter also learned that other banks have also noticed the risks involved, and issued risk warnings to their subordinate branches and account managers. They intend to tighten credit and credit, and collect debts.
In recent years, LED investment has overheated to overcapacity, or an important source of risk. Guangdong has a strong support for the development of the LED industry. There are few in the country, but this is also controversial while stimulating Guangdong to become the LED leader.
According to GLII data, in 2012, Guangdong's LED output value reached 150 billion yuan, accounting for more than 70% of the country's total of 205.9 billion yuan. At present, there are more than 6,000 LED companies in Guangdong Province. “However, Guangdong Province still has no core competitiveness in terms of LEDs, and the LED industry has brought severe capacity pressure,†industry analysts said.
What worries the industry is that Shenzhen, which occupies half of Guangdong's LEDs, issued a government gazette in March this year, abolishing the "Notice on Printing and Distributing Shenzhen LED Industry Development Plan (2009-2015)" issued in 2009. Although Shenzhen has repeatedly denied the abandonment of the LED industry, there is still no substantial support policy in Shenzhen.
It is worth noting that the momentum of overheating LED investment has begun to return to rationality. The latest statistics from the High-tech LED Industry Research Institute (GLII) show that in the first half of 2013, the newly planned investment in China's LED industry was 37 billion yuan, down 16% year-on-year, setting a new low since 2010.
Reporters combing the performance data of listed companies in the LED industry found that despite the high subsidies of the government, many companies achieved profitability, but the net profit in 2012 began to decline from the previous year. The situation in the first quarter of this year is not optimistic, and the year-on-year decline. Taking Dehao Runda as an example, in 2012, the company's net profit fell from 392 million yuan in 2011 to 162 million yuan, and net profit in the first quarter of this year was 432.9 billion yuan, down 30% year-on-year.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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