Nowadays, the lighting industry is really not calm, and it is blowing up a "LED merger whirlwind."
Since the beginning of 2015, the “slimming plan†of the giants has been shocked by the industry. In the middle of the year, Jinshajiang Venture Capital took the lead in acquiring Lumileds, and CEC acquired Purui Optoelectronics. At the end of the year, Feile Audio acquired Osram’s brand “SYLVANIA†and acquired a number of domestic enterprises. A series of reports on the related business of international lighting giants set off a debate in the industry.
In a twinkling of an eye, when we arrived in 2016, we were still not calm. The “you and me†between domestic enterprises began to become the protagonist, and the pace of mergers could not be stopped. It also directly led to the frequent occurrence of billion-dollar acquisitions.
For example, NVC Lighting spent 500 million to acquire Yao Neng Holdings, Mulinsen 350 million to acquire Xinhe Lighting, and Lehman's total price of 780 million to acquire Huashi New Culture. This is not the case. Recently, Zhengye Technology has planned to inject 450 million to swallow Hyun Shuo Optoelectronics... ...
From this, the author can also observe one or two, regardless of the slimming of the giants, gradually divesting the low-profit sector, or domestic mergers and acquisitions, focusing on the integration of resources and channels, economic globalization today, this way has become a rapid realization of capital accumulation, An important way of resource possession and market expansion.
Some people say that Chinese companies are beginning to combine the inherent cost of genetics and price wars, the continuous acquisition and integration, and even the changes in the global lighting industry will play a positive role, or have a strong opinion. "The future LED industry will be Chinese. Industry"!
At this point, the author must mention "LED globalization". As the pace of global lighting mergers and acquisitions intensifies, it seems to bring more good news to Chinese enterprises: China has sufficient human resources, sufficient market space, sufficient economic base, Sufficient industrial security... All of these are the strong backing for the future global lighting industry to move to China.
For the time being, this trend is classified as the “post-lighting†era! In this era, the competition of enterprises is not the competition among the existing small business groups, but it is likely to be the competition between large enterprises of more than 1 billion yuan. For technology or for channels, it is to meet the LED backlighting era of the arrow.
But at the same time, the author also wants to mention that mergers and acquisitions, restructuring is not a profit for the enterprise, there is still a lot of risk: the investment company may find that the company it bought is worthless after it has been dumped. After the retreat of passion, the financing companies found that the big companies they ran into did not have such a solid foundation... In this case, they are not listed one by one.
Therefore, before decision-makers make up their minds, they must undergo serious research and careful thinking. Otherwise, these high-profile mergers and acquisitions can only become a farce.
The so-called "winning the king, since ancient times", but the persistent heart can always let us see the unprecedented development! In the post-lighting era, the weak meat and strong food, the survival of the fittest, please sharpen your claws, there is no choice, LED The lighting industry is actually a game of chess, either you are eaten or eaten by his son!
1 Hyun Shuo Optoelectronics: Intelligent Equipment "Chinese Dream" The truth behind the 450 million mergers and acquisitions (click for details)
On the 18th of this month, Zhengye Technology (300410) disclosed a major asset restructuring plan. The company intends to purchase 100% equity of Hyun Shuo Opto by way of issuing shares and paying cash. After the transaction was completed, Hyun Shuo Optoelectronics became a wholly-owned subsidiary of Zhengye Technology.
The protagonist of the transaction, LED packaging equipment company - Hyun Shuo Optoelectronics, High-tech Research Institute LED Research Institute (GGII) has provided data reports, in 2015 China's top 10 packaging equipment rankings, Hyun Shuo Optoelectronics ranked second.
After the merger, Zhengye Technology also clearly stated that it will maintain the principle of a high degree of autonomy of Hyun Shuo Photovoltaic. The entire production and operation activities of Hyun Shuo are led by the dazzling team.
In this transaction, Hyun Shuo's performance promisers must promise that Hyun Shuo Optoelectronics will achieve a net profit of 36 million yuan, 46.8 million yuan and 60.84 million yuan in 2016, 2017 and 2018 respectively.
Zhao Yutao, chairman of Hyun Shuo Optoelectronics, also mentioned that the semi-annual report will be added later. It is estimated that Hyun Shuo will complete 20 million net profit in the first and second quarters, and the two businesses of lighting automation production line and bulk placement machine will be guaranteed as net profit. In addition to the traditional main business splitting tape machine, the latter achieved a performance target of 36 million yuan in the whole year, still full of confidence.
For the current automated production line concerned by lighting companies, how long can the owners recover the cost, Zhao Yutao said that the human-machine hybrid line from August to December, fully automatic production line for 12-16 months, which has come to the current enterprise equipment investment An excellent input-output cycle.
Under the background of “Made in China 2025â€, through the implementation and implementation of “smart manufacturingâ€, it will promote more equipment enterprises to enter the common stage of integration, and become a domestic intelligent and systematic intelligent equipment solution provider. And keep moving forward.
2LED chip prices return to rational domestic manufacturers continue to expand production pace? (click for details)
Recently, a message was raging, and Jingyuan Optoelectronics released a price adjustment letter in the mainland sales company Jingyuan Baochen Optoelectronics.
The contents of the letter show that due to the recent increase in various raw materials and labor costs, the company has exceeded the company's current cost accounting price, so it is planned to gradually increase the price of some series of chips currently on sale. In fact, Jingdian has started to cut production by 25% since the second half of last year to stabilize the price of LED chips.
In addition, Samsung Electronics, CREE and other international companies have also made a decision to selectively reduce production, Cree is a substantial reduction in production, high-power chips on the simultaneous reduction of 25%, to ease the current situation of LED industry supply and demand imbalance and price pressure.
However, according to the author's multiple sources, in the face of the continuous reduction of production by a number of LED chip manufacturers, domestic chip companies represented by Sanan and Huacan have not followed up to curb the current overcapacity.
According to informed sources, the 13th Five-Year Plan has transferred high-tech subsidized projects to the semiconductor industry. The subsidies for the LED industry seem to be suspended. However, local governments are still inclined to complete the subsidies previously promised. Will not affect the production capacity of domestic chip companies, in the latter stage, a number of domestic manufacturers should continue to sprint capacity to maintain the pace of expansion.
3 Small and medium-sized power supply market “small and less meat†Overseas market into a fragrant 饽饽? (Click for details)
The LED lighting industry has entered the era of low profit. As the end market advocates high cost performance, downstream application manufacturers have infiltrated this concept into all aspects of the supply chain and selected lower-priced power products. Therefore, power products are also unable to escape the price competition vortex, and industry profits are rapidly declining.
The competition in the domestic power supply market is more fierce. Many LED power companies have set their sights on the overseas power market in order to highlight price competition and seek more market share and profits.
The European and American markets are gradually maturing. Since last year, the overseas power market has started to grow steadily. Although it is not like the initial blowout situation, the market capacity is still relatively large.
For the domestic power supply manufacturers to export, the price is no longer the focus, improve the cost performance of the product, the layout of the high-end field is the "king".
It is believed that with the improvement of domestic consumption capacity and the improvement of living standards in the future, the demand for high-end market will become more and more prosperous. In the long run, the differences in quality at home and abroad will be smaller and smaller.
With the advent of LED "globalization" era, Gaogong LED Feige also wrote a seven-year itch confession letter on the occasion of the 5th 20th: Fei Ge's autograph - Zhang Xiaofei's "seven-year itch" ( Click on the details), the 14th High-tech LED Industry Summit Forum is about to kick off, and let's talk about the globalization of LEDs with the parents.
Let's have a meeting together. Gaogong LED invited the heroes of the world to fight in the world. Please invite the newcomer Mu Linsen of the North American sweetness, and invite the lurking old Nie who lurks in North America to guide the old beauty. Feige will also face the opportunity: LED opportunities and traps of globalization!
Are you heartbroken? Not coming will be your loss.
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