Last week, Shenzhen Lehman Optoelectronics 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.
Expansion of self-help and labor conflicts It is understood that in 2011 Lehman raised 605 million yuan (the same below) to establish LED industrial park, of which 143 million yuan for investment in high-brightness LED package device expansion projects, high-end LED display screen 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 of only 13.67. A meta-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 in the abyss of scale and gross profit. In the first half of the year, the number of orders for many LED companies fell sharply. The foreign trade manager of an LED lighting company in Shenzhen said that exports fell by nearly half in the first three quarters. Bao Enzhong, executive deputy secretary-general of Shenzhen Semiconductor Lighting Promotion Association, even bluntly said: This year is the worst year.
The reduction of orders directly leads to the survival of enterprises. Xu Zhensen, chairman of Yinghui Lighting, said: At present, the survival of 50 domestic LED companies is a problem. Bao Enzhong said that in Shenzhen, where the mainland LED companies are the most concentrated, one company has closed down every few days, but some small businesses have closed down.
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, the mainland has invested too much bubbles, and the next two years are the period of concentrated foaming. Xu Zhensen said.
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