LED enterprise IPO great leap forward

February 1st, the Commission published a total of 515 IPO applications in the enterprise name list, at least 9 LED enterprise is the queue waiting for the listing. According to the engineering LED Industry Research Institute survey, currently has about 50 LED enterprise has been completed or ongoing reform, in order to introduce investment, fast implementation of listed.
Expansion, to scale down costs, is LED enterprises listing and financing main purpose. But with the IPO tide corresponding is, LED application market opened slowly, at present domestic LED lighting market penetration rate is only 5%. LED lighting advantage has not yet been excited, experts say, enterprise to open the market it is necessary to strengthen the research and development.
IPO trend will continue
High technology industry research institute in LED research report pointed out, these to be listed on the LED enterprises are concentrated in the packaging field.
In fact, LED package enterprises less lucrative. Zhejiang High Technology Industry Research Institute president Zhang Xiaofei said, China's packaging enterprise has many 1200, productivity is more than market demand. Packaging enterprises, small scale, homogenization of competition trigger price war, wool interest rate goes low continuously.
" Excess capacity is not necessarily a bad thing, profiteering business will automatically exit." BDO chairman Wang Donglei believes that, in the current domestic LED market, cost control ability has become the core competitiveness of enterprises, can not depress the cost of enterprises can only accept be merger or bankruptcy.
Large enterprises hope to scale to keep costs low, in this field have started a price war to survive. Zhang Xiaofei thinks, at present domestic LED industry is still in its initial stage, the gap between the enterprises is not obvious, advantage company hoped to quickly open a gap, established in the industry 's dominant position in the field of. " There are some enterprises choose to buy the way for expansion, either expansion or acquisition, need a large sum of money." He said.
In December last year IPO approved poly fly photoelectric, its financing is the main purpose of expansion. Poly fly a prospectus ( draft declaration ) display, the company plans to raise funds to invest in LED backlight device expansion project, lighting LED device expansion project and LED technology R & D center project. The project raised a complete production, LED backlight device products production capacity will add 1440 million / year, lighting LED device products production capacity will increase by 660 million / year.
"Without a doubt, the LED upstream investment overheat, everyone thinks they can talent showing itself." Zhang Xiaofei said, although the excess capacity of the question can be heard without end, but the capital market for LED industry pursued continues," in the upper reach of the LED enterprise in funding for scientific research or after expansion, the main purpose is to hold down costs." Zhang Xiaofei predicted, the next two years will have a number of LED enterprise IPO.
VC also prompted the LED IPO factors. Zhang Xiaofei said, the domestic LED in early development by multiplex VC favor, but when the enterprise has developed into a subdivision leading the field, VC is clearly hoping to promote enterprises listed and timely exit.