Gaogong LED News of the Week (9.13~9.19)|Foshan Tovi owes 180 million yuan on the verge of bankruptcy

[Text / Gaogong LED Huang Yaping]

One week focus

Foshan Tovey has a capital crisis, and the amount owed to suppliers is about 180 million yuan. According to informed sources, there are more than 500 suppliers owed by Towe, of which more than 80 are owed more than 1 million, and the largest "victim" is owed 12 million.

Recently, the G20-LED Lighting Summit hosted by Gaogong LED and Guoxing Optoelectronics (002449.SZ) held the 2015 CEO closed-door meeting at Guoxing Optoelectronics. The top leaders of G20 member companies, including Mulinsen (002745.SZ), Sunlight (600261.SH), Lianchuang Optoelectronics (600363.SH), and Guangyu Lighting, discussed the new industrial structure in the form of closed-door round tables. supply chain finance".

The 2015 Golden Globe Awards were selected on September 17th to enter the WeChat voting stage.

Market trend

The High-tech Research Institute LED Research Institute (GGII) predicts that the global LED market will grow by about 17% in 2015, and China will maintain a 20% growth. In the case of fewer and fewer participants, it is even more precious to stay and play.

The 2835 device has become the most important standard component in the LED industry chain. According to the research data of the High-tech Research Institute LED Research Institute (GGII), the market share of 2835 in 2014 has exceeded 50%, while 3528 and 3014 have gradually faded out of the market.

Some changes are taking place in the industry starting in 2015. From the demand point of view, the LED package end appeared in the off-season in July and August, and demand began to increase in September. In terms of price, the rate of decline is still relatively rapid, probably down 50%, which is the current normal.

In 2015, the integration of M&A in the LED lighting industry continued to ferment, setting off a new round of “mergers and acquisitions”. Up to now, there have been more than 25 cases of mergers and acquisitions in the LED industry, with a scale of nearly 30 billion yuan.

In the view of Dr. Zhang Xiaofei, Chairman of Gaogong LED, the reduction of suppliers, peers and even customers is not a bad thing. This is the stage when the industry is mature. “Customers are decreasing, but their volume is increasing,” he believes, which is more conducive to the growth of quality customers.

Li Shengfa, senior analyst of the High-tech Research Institute LED Research Institute (GGII), said that the display market is very mature and fiercely competitive. From the first half of the year, the traditional display business has basically no growth rate, and small spacing is the biggest highlight.

Listed company

Liard announced that it intends to purchase 100% of the shares of Lifeng Culture held by 10 parties, including Zhou Lihe, and 99% of Jin Lixiang, which are held by 9 counterparties such as Lanxia, ​​through the issuance of shares and payment of cash. And raise matching funds.

Qinshang Optoelectronics announced that it plans to indirectly invest 100 million US dollars (equivalent to RMB) by changing all remaining funds of LED indoor lighting projects, all remaining funds, LED outdoor lighting and landscape lighting projects, and part of the company's liquidity. About 655 million yuan) for the indirect acquisition of 6.15% of Philips Lumens.

Nanda Optoelectronics announced that in order to expand the company's business field and speed up the company's development process, it is planned to invest RMB 42.27 million to acquire a 14.24% stake in Beijing Kehua held by the original shareholders of Beijing Kehua.

Abisen announced that the company recently signed a strategic cooperation agreement with Beijing Yundong Digital Media Technology Co., Ltd.

Zhou Ming Technology announced that the company intends to increase its capital by Beijing Century Dingyuan Investment Co., Ltd. with its own funds of 2.778 million yuan. After the investment is completed, the company will hold 10% equity of Century Dingyuan.

Big Data

Up to now, Foshan Lighting has issued 2,182 cases, and it has to compensate investors for RMB 151 million, HK$2,268,300, and legal expenses of RMB 2,458,600. Foshan Lighting announced that as of August 25 this year, the company has paid compensation to 1,162 plaintiffs.

According to the survey data of the High-tech Research Institute LED Research Institute (GGII), in the first half of 2015, the output value of LED outdoor lighting power reached 580 million yuan, a year-on-year increase of 20.8%, and the growth rate slowed down. “According to the research, the price dropped by about 25% year-on-year.” – “2015 China LED Lighting Driver Power Industry Research Report (Sixth Edition)” showed.

See overseas

Yiguang September-October LED lighting orders are optimistic, in order to meet the customer's price demand, Yiguang scattered LED chip procurement sources, this year LED lighting for the first time using mainland LED chips; not afraid of the LED industry boom, Yiguang copper new The factory expansion of the factory is unchanged.

The intelligent LED plant lighting developed by German intelligent lighting technology expert Heliospectra AB has obtained European patents.

The Indian government plans to cut the price of LED bulbs from the average retail price of 300 rupees (contract 28.8 yuan) to 44 rupees (contract of 4.2 yuan) in accordance with the High Efficiency Lighting Demand Management Program (DELP).

A few days ago, Philips announced the recall of 370,000 halogen bulbs, because the lens of the bulb may suddenly break or fall off, causing scratches and burns.

Recently, LED upstream chip maker Cree announced the launch of an LED bulb with a life expectancy of 27 years (about 30,000 hours) and a price of only 8 US dollars (about 51 yuan).

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