Since the third quarter of last year, the LED industry has experienced an inflection point and began to decline in the fourth quarter. Until now, the LED industry has not bottomed out.
On October 25, Lianjian Optoelectronics disclosed the third quarterly report of this year. From July to September, the company's operating income was 140 million yuan, a slight increase of 2.52% year-on-year, but the net profit fell by 30.2%, and the company's profit decline in the first nine months. It is 25.99%. According to the company, during the reporting period, the macro economy at home and abroad was complicated and market competition intensified. The company was affected by this, and the income growth slowed down, and the gross profit margin decreased slightly.
In the LED industry, the decline in profits was not a joint venture of the Group. The third quarter net profit of Ganzhao Optoelectronics fell by 45.91%, while operating income fell by 13.14%. The company's staff explained that since the third quarter of last year, the LED industry has experienced an inflection point and began to decline in the fourth quarter. Until now, the LED industry has not bottomed out.
"Compared to know that it is an industry problem. It is not a problem of which company operates. Compared with the same industry, in terms of product cost control, (we) is already quite strict." The above said.
Huacan Optoelectronics, a manufacturer of LED chips, had a total operating revenue of approximately 71.03 million yuan in the third quarter, down 40.61% year-on-year; the net profit attributable to shareholders of listed companies was approximately 5 million yuan, down 76.73% year-on-year.
Huacan Optoelectronics said in the report that the unfavorable factors affecting performance in the first half of the year still existed in the third quarter, and the market maintained fierce competition. The company's operating data still dropped significantly compared with last year. The company's securities department told reporters that the reason for poor performance was that the company basically did not receive government subsidies in the third quarter.
According to the statistics of the reporters, a total of 20 LED-related companies disclosed the third quarterly report for 2012, and 11 of them reported a different degree of decline in net profit in the third quarter, accounting for 55% of the disclosed amount.
Wu Yulin, president of the Foshan Lighting Association, told reporters that the current economic environment at home and abroad is not good, which is a cause of the general downturn in LED companies. The more profound reason is that a large number of enterprises and funds have entered the industry before, resulting in overheated investment, resulting in overcapacity.
"Since the second half of last year, the LED industry has entered a reshuffle period, just in time to catch up with the global economic situation. Before everyone expanded, they are all on the market, but in fact the market demand is so much." People said.
Guo Xiu, secretary-general of the Guangdong Lighting Association, said that the enterprises invested in the previous two years are now mass-produced, resulting in a situation of oversupply in a phased manner. Under such circumstances, the sale will not be more profitable, and enterprises will only desperately cut prices. Guo Xiu also said that the current supply of LED related products exceeds demand, and the industry reshuffle period will continue until mid-2014.
Wu Yulin analyzed that LED companies need to expand the field of LED applications, and not only limited to lighting, but also expand the downstream application areas before they can drive the middle and upper reaches. In addition, he also said that companies must follow the path of design and meet the individual needs of consumers like clothing.
(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.)
On October 25, Lianjian Optoelectronics disclosed the third quarterly report of this year. From July to September, the company's operating income was 140 million yuan, a slight increase of 2.52% year-on-year, but the net profit fell by 30.2%, and the company's profit decline in the first nine months. It is 25.99%. According to the company, during the reporting period, the macro economy at home and abroad was complicated and market competition intensified. The company was affected by this, and the income growth slowed down, and the gross profit margin decreased slightly.
In the LED industry, the decline in profits was not a joint venture of the Group. The third quarter net profit of Ganzhao Optoelectronics fell by 45.91%, while operating income fell by 13.14%. The company's staff explained that since the third quarter of last year, the LED industry has experienced an inflection point and began to decline in the fourth quarter. Until now, the LED industry has not bottomed out.
"Compared to know that it is an industry problem. It is not a problem of which company operates. Compared with the same industry, in terms of product cost control, (we) is already quite strict." The above said.
Huacan Optoelectronics, a manufacturer of LED chips, had a total operating revenue of approximately 71.03 million yuan in the third quarter, down 40.61% year-on-year; the net profit attributable to shareholders of listed companies was approximately 5 million yuan, down 76.73% year-on-year.
Huacan Optoelectronics said in the report that the unfavorable factors affecting performance in the first half of the year still existed in the third quarter, and the market maintained fierce competition. The company's operating data still dropped significantly compared with last year. The company's securities department told reporters that the reason for poor performance was that the company basically did not receive government subsidies in the third quarter.
According to the statistics of the reporters, a total of 20 LED-related companies disclosed the third quarterly report for 2012, and 11 of them reported a different degree of decline in net profit in the third quarter, accounting for 55% of the disclosed amount.
Wu Yulin, president of the Foshan Lighting Association, told reporters that the current economic environment at home and abroad is not good, which is a cause of the general downturn in LED companies. The more profound reason is that a large number of enterprises and funds have entered the industry before, resulting in overheated investment, resulting in overcapacity.
"Since the second half of last year, the LED industry has entered a reshuffle period, just in time to catch up with the global economic situation. Before everyone expanded, they are all on the market, but in fact the market demand is so much." People said.
Guo Xiu, secretary-general of the Guangdong Lighting Association, said that the enterprises invested in the previous two years are now mass-produced, resulting in a situation of oversupply in a phased manner. Under such circumstances, the sale will not be more profitable, and enterprises will only desperately cut prices. Guo Xiu also said that the current supply of LED related products exceeds demand, and the industry reshuffle period will continue until mid-2014.
Wu Yulin analyzed that LED companies need to expand the field of LED applications, and not only limited to lighting, but also expand the downstream application areas before they can drive the middle and upper reaches. In addition, he also said that companies must follow the path of design and meet the individual needs of consumers like clothing.
(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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