It is reported that last week, Shenzhen Lehman Optoelectronics (hereinafter referred to as "Lehman") moved to Huizhou base due to an urgent decision, and some employees wanted to leave the company and caused compensation disputes. According to informed sources, Lehman’s eagerness to move the factory to expand its scale is due to the continued deterioration of its profitability. In fact, many LED companies are currently struggling with the decline in orders and the decline in net profit. Industry insiders expect that this year and next year will become the bursting period of the LED industry bubble.
The reporter learned that in 2011 Lehman raised 605 million yuan to establish LED industrial park, of which 143 million yuan was invested in high-brightness LED package device expansion project, high-end LED display and LED lighting energy-saving product expansion project. The above Huizhou base is one of the fundraising projects. People familiar with the matter said that the reason why they were eager to relocate was due to the double pressure of small scale and low gross profit, which had to be expanded.
As one of the earliest LED companies to land on the GEM, Lehman's scale is not outstanding. The performance in the past two years shows that the gross profit margin has been declining. In the first half of this year, the company's revenue was 148 million yuan, a year-on-year increase of 21.50%, but the gross profit margin slipped to a low point, only 13.67%. An industry analyst said that regardless of size and gross margin, Lehman is far lower than its peers. In this year's market environment, its survival pressure has become even greater.
In fact, the Lehman family struggled far beyond the scale and gross margin. According to interviews from the Canton Fair, the number of orders for many LED companies declined sharply in the first half of the year. The foreign trade manager of an LED lighting company in Shenzhen told reporters: "In the first three quarters, exports have dropped by nearly half." Bao Enzhong, executive deputy secretary-general of Shenzhen Semiconductor Lighting Promotion Association, even bluntly said: "This year is the worst year."
Xu Zhensen, chairman of Yinghui Lighting, said: "At present, 50% of LED companies in China are in trouble." Bao Enzhong said that in Shenzhen, where the domestic LED enterprises are most concentrated, "every day, a company has closed down," but it has closed down. They are all small businesses.
However, in stark contrast to the collapse of small businesses, some leading companies have bucked the trend. According to Xu Zhensen, the overall growth of the Yinghui Group in the first three quarters of this year is still double-digit. He believes that from the last year to the end of this year, a series of corporate closures, such as the Shenzhen Dodoli CEOs’ run, the vision of photoelectricity collapse, and the bankruptcy of Ningbo Andy, are all performances of industry reshuffle. "In the past few years, domestic investment has formed too many bubbles, and the next two years will be the period of concentrated foaming." Xu Zhensen said.
(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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The reporter learned that in 2011 Lehman raised 605 million yuan to establish LED industrial park, of which 143 million yuan was invested in high-brightness LED package device expansion project, high-end LED display and LED lighting energy-saving product expansion project. The above Huizhou base is one of the fundraising projects. People familiar with the matter said that the reason why they were eager to relocate was due to the double pressure of small scale and low gross profit, which had to be expanded.
As one of the earliest LED companies to land on the GEM, Lehman's scale is not outstanding. The performance in the past two years shows that the gross profit margin has been declining. In the first half of this year, the company's revenue was 148 million yuan, a year-on-year increase of 21.50%, but the gross profit margin slipped to a low point, only 13.67%. An industry analyst said that regardless of size and gross margin, Lehman is far lower than its peers. In this year's market environment, its survival pressure has become even greater.
In fact, the Lehman family struggled far beyond the scale and gross margin. According to interviews from the Canton Fair, the number of orders for many LED companies declined sharply in the first half of the year. The foreign trade manager of an LED lighting company in Shenzhen told reporters: "In the first three quarters, exports have dropped by nearly half." Bao Enzhong, executive deputy secretary-general of Shenzhen Semiconductor Lighting Promotion Association, even bluntly said: "This year is the worst year."
Xu Zhensen, chairman of Yinghui Lighting, said: "At present, 50% of LED companies in China are in trouble." Bao Enzhong said that in Shenzhen, where the domestic LED enterprises are most concentrated, "every day, a company has closed down," but it has closed down. They are all small businesses.
However, in stark contrast to the collapse of small businesses, some leading companies have bucked the trend. According to Xu Zhensen, the overall growth of the Yinghui Group in the first three quarters of this year is still double-digit. He believes that from the last year to the end of this year, a series of corporate closures, such as the Shenzhen Dodoli CEOs’ run, the vision of photoelectricity collapse, and the bankruptcy of Ningbo Andy, are all performances of industry reshuffle. "In the past few years, domestic investment has formed too many bubbles, and the next two years will be the period of concentrated foaming." Xu Zhensen said.
(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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