"Energy-saving technology, light up the world", LED industry-renowned enterprises, Ningbo Andy Optoelectronics not only can not "light up the world" as their slogans, and even their own insurance, recently filed for bankruptcy.
Lu Weiqiang, general manager of GuangZhou ShuaiYang Lighting, said that at present, the LED market capacity is between 120 billion and 150 billion yuan, but the production capacity is over 500 billion yuan, and the production capacity is in excess. “People in the industry hear news of the collapse of LED companies every day, Guangzhou, Shenzhen, Dongguan, Foshan, Jiangmen, everywhere. LED packaging companies in the middle reaches of this year may have to die for 40%, downstream LED applications of SMEs You want to drain half."
Andy Optical filed for bankruptcy
“Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees 4 months of wages, and Chairman Yan Weifeng has ran off the road.†In May of this year, some netizens posted that Andy Optoelectronics “can't go onâ€. In March of last year, it owed 200 million yuan. , About three months to change the director, the electricity owes more than 100,000.
Two months later, Andy Opto fell and founder Yan Weifeng was restricted from leaving the country.
“The current situation description of Ningbo Andy Optoelectronics Technology Co., Ltd.†shows that due to the over-expansion of the company's investment, unsatisfactory sales growth, and high financial costs, the company’s business is difficult and the capital is insolvent. At present, the company has filed for bankruptcy and the court has The bank accepted the debtor’s bankruptcy application in the month, and the relevant department was processing it according to procedures.
Yan Weifeng registered and established Andy Optoelectronics 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 applications. 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 Wei Weiqiang's view, the blind expansion of production capacity and weak market sales are the main reasons for the closure of Andy. Andi Optoelectronics has been operating at a high level of debt. Bank loans are used to expand production plants, purchase equipment, and develop technology. The capital chain is tight.
According to sources, the companies owned by founder Yan Weifeng, including Andy Optoelectronics, have owed more than 300 million yuan.
SMEs have no power to parry
Prior to Andy Optoelectronics, Xu Ruiru Optoelectronics Co., Ltd., which is known as China's largest Sino-foreign joint venture LED chip project in Foshan, has announced the suspension of production; LED display companies that claim to be “the top five consecutive companies in the industry for two consecutive years†and Shenzhen Vision Optoelectronics Co., Ltd. have also come to an end. Legal representative and majority shareholder Yin Yi did not know what to do.
Going back further, Mou Duoli and Bolent are the "martyrs" of LED flashing.
According to estimates, there are currently about 8,000 LED companies in the country, which are in a small and scattered state. "A lot of them are just a few." Lu Weiqiang said that on the one hand, the opening is too large, the threshold is too low, and there is a serious excess capacity; on the other hand, LED new The production cycle of the product is about 3-6 months. The shortage of funds and SMEs lacking core technologies have no protection.
"It is no exaggeration to say that people in the industry hear the news of closure every day. At least 40% of LED SMEs will go out of business this year," Lu said.
LED quality door
"Why are so many companies dead now? Because everyone saw only the government's high subsidies, they all want to take the opportunity to make money." Lou, for example, a subsidy red envelope opened by a city, a MOCVD machine (LED epitaxial wafer production Equipment) Financial subsidies 10 million yuan, and some even as high as 12 million yuan.
In some cities in Guangdong, companies participating in LED demonstration projects of government-invested projects are given a 10% subsidy based on the price of the lamps, and discounted for 3 years. For companies that undertake LED application demonstration projects for corporate investment projects, 30% of the price of LED lamps and lanterns Give subsidies.
Under reward, there must be a warrior. LED companies around the country quickly launched, and then or stranded, or fallen.
According to statistics, there are a total of 46 domestic LED chip projects between 2009 and 2010, and up to 16 projects have not yet been put into production, accounting for 35% of the total number of projects.
In addition to the aforementioned Xu Rui photoelectric announced the suspension of production, the four LED production bases of GCL Optronics in the country, in addition to Xuzhou continue production, all other operations ceased. In addition, there are LED chip projects such as Ordos Core Energy Technology, Crystal Blu-ray (Quanzhou), Lixin (Yingkou) Electronics, Tianjin Excellence Zhongguang Power, Zhejiang Tongling Optoelectronics, etc. As of now, they have not entered the actual production stage according to the original plan. .
Even LED products that are put on the market face quality problems. Just last month, the nationwide LED lighting fixture recall incident occurred on the top of the market for only four months, and the recalled 3WLED candle bulbs that had already been sold on the Chinese market were recalled and destroyed. According to industry sources, rectangular lighting needs high sales to stimulate the capital market, and price cuts have become the most direct means. The price of a lighting product for rectangular lighting has dropped from 70 yuan to 30 yuan, but quality problems have also exploded. "Rectangular lighting will never be a lone case, and LED industry quality issues will continue to emerge.
Lu Weiqiang, general manager of GuangZhou ShuaiYang Lighting, said that at present, the LED market capacity is between 120 billion and 150 billion yuan, but the production capacity is over 500 billion yuan, and the production capacity is in excess. “People in the industry hear news of the collapse of LED companies every day, Guangzhou, Shenzhen, Dongguan, Foshan, Jiangmen, everywhere. LED packaging companies in the middle reaches of this year may have to die for 40%, downstream LED applications of SMEs You want to drain half."
Andy Optical filed for bankruptcy
“Ningbo Andy Optoelectronics Technology Co., Ltd. owes employees 4 months of wages, and Chairman Yan Weifeng has ran off the road.†In May of this year, some netizens posted that Andy Optoelectronics “can't go onâ€. In March of last year, it owed 200 million yuan. , About three months to change the director, the electricity owes more than 100,000.
Two months later, Andy Opto fell and founder Yan Weifeng was restricted from leaving the country.
“The current situation description of Ningbo Andy Optoelectronics Technology Co., Ltd.†shows that due to the over-expansion of the company's investment, unsatisfactory sales growth, and high financial costs, the company’s business is difficult and the capital is insolvent. At present, the company has filed for bankruptcy and the court has The bank accepted the debtor’s bankruptcy application in the month, and the relevant department was processing it according to procedures.
Yan Weifeng registered and established Andy Optoelectronics 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 applications. 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 Wei Weiqiang's view, the blind expansion of production capacity and weak market sales are the main reasons for the closure of Andy. Andi Optoelectronics has been operating at a high level of debt. Bank loans are used to expand production plants, purchase equipment, and develop technology. The capital chain is tight.
According to sources, the companies owned by founder Yan Weifeng, including Andy Optoelectronics, have owed more than 300 million yuan.
SMEs have no power to parry
Prior to Andy Optoelectronics, Xu Ruiru Optoelectronics Co., Ltd., which is known as China's largest Sino-foreign joint venture LED chip project in Foshan, has announced the suspension of production; LED display companies that claim to be “the top five consecutive companies in the industry for two consecutive years†and Shenzhen Vision Optoelectronics Co., Ltd. have also come to an end. Legal representative and majority shareholder Yin Yi did not know what to do.
Going back further, Mou Duoli and Bolent are the "martyrs" of LED flashing.
According to estimates, there are currently about 8,000 LED companies in the country, which are in a small and scattered state. "A lot of them are just a few." Lu Weiqiang said that on the one hand, the opening is too large, the threshold is too low, and there is a serious excess capacity; on the other hand, LED new The production cycle of the product is about 3-6 months. The shortage of funds and SMEs lacking core technologies have no protection.
"It is no exaggeration to say that people in the industry hear the news of closure every day. At least 40% of LED SMEs will go out of business this year," Lu said.
LED quality door
"Why are so many companies dead now? Because everyone saw only the government's high subsidies, they all want to take the opportunity to make money." Lou, for example, a subsidy red envelope opened by a city, a MOCVD machine (LED epitaxial wafer production Equipment) Financial subsidies 10 million yuan, and some even as high as 12 million yuan.
In some cities in Guangdong, companies participating in LED demonstration projects of government-invested projects are given a 10% subsidy based on the price of the lamps, and discounted for 3 years. For companies that undertake LED application demonstration projects for corporate investment projects, 30% of the price of LED lamps and lanterns Give subsidies.
Under reward, there must be a warrior. LED companies around the country quickly launched, and then or stranded, or fallen.
According to statistics, there are a total of 46 domestic LED chip projects between 2009 and 2010, and up to 16 projects have not yet been put into production, accounting for 35% of the total number of projects.
In addition to the aforementioned Xu Rui photoelectric announced the suspension of production, the four LED production bases of GCL Optronics in the country, in addition to Xuzhou continue production, all other operations ceased. In addition, there are LED chip projects such as Ordos Core Energy Technology, Crystal Blu-ray (Quanzhou), Lixin (Yingkou) Electronics, Tianjin Excellence Zhongguang Power, Zhejiang Tongling Optoelectronics, etc. As of now, they have not entered the actual production stage according to the original plan. .
Even LED products that are put on the market face quality problems. Just last month, the nationwide LED lighting fixture recall incident occurred on the top of the market for only four months, and the recalled 3WLED candle bulbs that had already been sold on the Chinese market were recalled and destroyed. According to industry sources, rectangular lighting needs high sales to stimulate the capital market, and price cuts have become the most direct means. The price of a lighting product for rectangular lighting has dropped from 70 yuan to 30 yuan, but quality problems have also exploded. "Rectangular lighting will never be a lone case, and LED industry quality issues will continue to emerge.
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