Shenzhen announced the abolition of LED industry planning, the China Banking Regulatory Commission issued warnings on the credit risk of enterprise clusters and overcapacity industries, the improvement of LED lighting industry standards, and the government's weakening of the LED lighting industry. All these measures will once be "red" The one-time LED lighting industry has been pushed to the forefront, causing high attention from the industry and investors to the industry.
However, in the absence of core technology, overcapacity, and overheated investment, the LED lighting industry “falls out of favor†may be a matter of course. As an emerging industry, policy support is limited. Whether the industry can continue to grow and develop in the future will ultimately be determined by the market.
It is reported that Shenzhen's LED industry enterprises have accounted for nearly half of the country. In March 2009, the Shenzhen Municipal Government issued a plan to propose to build Shenzhen into a national and internationally important LED industry R&D and production base. By 2015, the industrial scale will reach more than 130 billion yuan. At that time, the plan was regarded as the blueprint for the formulation of relevant plans in many cities across the country. However, the Shenzhen Municipal Government recently abolished the Notice on Printing and Distributing the Development Plan of the LED Industry in Shenzhen in the form of the “Official Gazetteâ€. For more than four years after the implementation of the plan, it was “waistâ€. Although the document did not disclose the specific reasons and details, it was directly related to the development trend of the industry, especially overcapacity and overheated investment.
Industry chain of crisis
In fact, since 2012, the overheated investment in LED upstream has caused a rapid decline in prices, and the competition of downstream companies has been fierce, which has caused some enterprises to close. This situation continues until this year. The survival status of Shenzhen LED enterprises can be described as the epitome of the whole country. There are many porridges and few good and bad, and some enterprises rely on subsidies to take the project to live. At the same time, the lack of technology, core parts such as chips, is highly dependent on imports. Enterprises do not have research and development strength, rely on plagiarism, and fight price wars, making the market that is not standardized more chaotic. Coupled with government support, it will not only solve the problem of overheated investment in the industry, but even have counterproductive effects.
In addition, industry risks are linked to financial risks. The dilemma faced by the LED lighting industry has also triggered commercial banks' concerns about the increase in non-performing loan ratios. It is reported that the focus of the CBRC's work in 2013 still covers the prevention and resolution of financial risks, which are specifically classified into “credit default risks in financing platforms, real estate, enterprise clusters and overcapacity industriesâ€.
What worries the government and banks is that the LED industry has been very impetuous and obviously overheated. Many companies have failed because of the lack of land and local government policies, and the capital chain has broken down. The entire LED industry has actually experienced overcapacity, and even worried that the LED industry will become the second photovoltaic industry. In addition, as of now, there are not many LED companies in Shenzhen with an output value of over 100 million yuan. Compared with the emerging strategic industries that have developed over 100 million Internet or biological projects, the LED industry, the government has no driving force in the current shortage of land resources.
Domestic and overseas markets have two paradoxes
However, even in the current situation where LED investment has become excessive, compared with Shenzhen, the heat of other local governments in the LED industry is still not decreasing. At the just-concluded 7th Shanghai International New Light Source New Energy Lighting Forum, the Merchants Group from Fuyang High-tech Zone in Hubei Province issued an invitation to the participating companies to focus on the LED industry as the future development of the high-tech zone. Prior to this, 15 industrialized bases such as Xiamen, Shanghai, Dalian, Nanchang, Shenzhen, Yangzhou and Shijiazhuang have been formed nationwide. Although the LED industry has the same core technical defects as PV, due to its wide application field and wide domestic market, the industry expects that 2013 will be the year of LED industry explosion.
In addition to the launch of the domestic market, the growth of overseas demand is also very strong. From the export data of LED lighting products, the growth of overseas leading companies in the first quarter, and the export orders of domestic companies, the demand for overseas LED lighting market is becoming more and more obvious, which is beneficial to enterprises with greater export business flexibility. At the same time, with the release of incandescent lamps by major countries and regions in the world, LED lighting has ushered in more and more room for development. In 2012, the European Union and Japan completely banned the use of incandescent lamps. The United States and Canada gradually phased out most incandescent lamps from 2012 to 2014.
However, some governments have announced the abolition of LED industry planning, domestic commercial banks to continue to implement measures to limit the overcapacity of enterprises, and the signal at the national level to resolve the LED industry has been released. As far as the general lighting field is concerned, with the “popularization†of LED lamp prices, the LED lighting industry will also have an outbreak period, and its energy-saving and durable features will be favored by individual users. LED general lighting will get rid of the engineering landscape. Bondage. From the perspective of industrial growth, the development rate of LED general lighting is likely to reach 100% or more. High growth is the result of a combination of incremental and stock markets.
The concentrated outbreak may mislead the market and bring crisis to the future industrial development. That is, the fast-growing industry will attract more foreign capital to intervene and intensify industry competition. At the same time, the strong demand for terminals overseas has added weight to domestic structural imbalances. If traditional lighting manufacturers turn into the LED field, the number of enterprises in the industry will far exceed the current level, when the overcapacity will undoubtedly increase, the next one is the LED industry.
(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.)
However, in the absence of core technology, overcapacity, and overheated investment, the LED lighting industry “falls out of favor†may be a matter of course. As an emerging industry, policy support is limited. Whether the industry can continue to grow and develop in the future will ultimately be determined by the market.
It is reported that Shenzhen's LED industry enterprises have accounted for nearly half of the country. In March 2009, the Shenzhen Municipal Government issued a plan to propose to build Shenzhen into a national and internationally important LED industry R&D and production base. By 2015, the industrial scale will reach more than 130 billion yuan. At that time, the plan was regarded as the blueprint for the formulation of relevant plans in many cities across the country. However, the Shenzhen Municipal Government recently abolished the Notice on Printing and Distributing the Development Plan of the LED Industry in Shenzhen in the form of the “Official Gazetteâ€. For more than four years after the implementation of the plan, it was “waistâ€. Although the document did not disclose the specific reasons and details, it was directly related to the development trend of the industry, especially overcapacity and overheated investment.
Industry chain of crisis
In fact, since 2012, the overheated investment in LED upstream has caused a rapid decline in prices, and the competition of downstream companies has been fierce, which has caused some enterprises to close. This situation continues until this year. The survival status of Shenzhen LED enterprises can be described as the epitome of the whole country. There are many porridges and few good and bad, and some enterprises rely on subsidies to take the project to live. At the same time, the lack of technology, core parts such as chips, is highly dependent on imports. Enterprises do not have research and development strength, rely on plagiarism, and fight price wars, making the market that is not standardized more chaotic. Coupled with government support, it will not only solve the problem of overheated investment in the industry, but even have counterproductive effects.
In addition, industry risks are linked to financial risks. The dilemma faced by the LED lighting industry has also triggered commercial banks' concerns about the increase in non-performing loan ratios. It is reported that the focus of the CBRC's work in 2013 still covers the prevention and resolution of financial risks, which are specifically classified into “credit default risks in financing platforms, real estate, enterprise clusters and overcapacity industriesâ€.
What worries the government and banks is that the LED industry has been very impetuous and obviously overheated. Many companies have failed because of the lack of land and local government policies, and the capital chain has broken down. The entire LED industry has actually experienced overcapacity, and even worried that the LED industry will become the second photovoltaic industry. In addition, as of now, there are not many LED companies in Shenzhen with an output value of over 100 million yuan. Compared with the emerging strategic industries that have developed over 100 million Internet or biological projects, the LED industry, the government has no driving force in the current shortage of land resources.
Domestic and overseas markets have two paradoxes
However, even in the current situation where LED investment has become excessive, compared with Shenzhen, the heat of other local governments in the LED industry is still not decreasing. At the just-concluded 7th Shanghai International New Light Source New Energy Lighting Forum, the Merchants Group from Fuyang High-tech Zone in Hubei Province issued an invitation to the participating companies to focus on the LED industry as the future development of the high-tech zone. Prior to this, 15 industrialized bases such as Xiamen, Shanghai, Dalian, Nanchang, Shenzhen, Yangzhou and Shijiazhuang have been formed nationwide. Although the LED industry has the same core technical defects as PV, due to its wide application field and wide domestic market, the industry expects that 2013 will be the year of LED industry explosion.
In addition to the launch of the domestic market, the growth of overseas demand is also very strong. From the export data of LED lighting products, the growth of overseas leading companies in the first quarter, and the export orders of domestic companies, the demand for overseas LED lighting market is becoming more and more obvious, which is beneficial to enterprises with greater export business flexibility. At the same time, with the release of incandescent lamps by major countries and regions in the world, LED lighting has ushered in more and more room for development. In 2012, the European Union and Japan completely banned the use of incandescent lamps. The United States and Canada gradually phased out most incandescent lamps from 2012 to 2014.
However, some governments have announced the abolition of LED industry planning, domestic commercial banks to continue to implement measures to limit the overcapacity of enterprises, and the signal at the national level to resolve the LED industry has been released. As far as the general lighting field is concerned, with the “popularization†of LED lamp prices, the LED lighting industry will also have an outbreak period, and its energy-saving and durable features will be favored by individual users. LED general lighting will get rid of the engineering landscape. Bondage. From the perspective of industrial growth, the development rate of LED general lighting is likely to reach 100% or more. High growth is the result of a combination of incremental and stock markets.
The concentrated outbreak may mislead the market and bring crisis to the future industrial development. That is, the fast-growing industry will attract more foreign capital to intervene and intensify industry competition. At the same time, the strong demand for terminals overseas has added weight to domestic structural imbalances. If traditional lighting manufacturers turn into the LED field, the number of enterprises in the industry will far exceed the current level, when the overcapacity will undoubtedly increase, the next one is the LED industry.
(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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