[Source: "High-tech LED-lighting market" July issue]
In early July, I chatted in the antique office of a Taiwanese LED company CEO. Between tea and tea, the boss suddenly threw a sentence: "The ratio between 2011 net profit and government subsidies of two LED listed companies in mainland China is very slim." Industry media people to confirm the reliability of the news. In the next "confessions," my heart is in vain.
In these years, we often see in a professional or mass media that a local government will give local LED oligarchy tens of millions of yuan or even 100 million yuan in cash subsidies, and some places will happen every quarter.
The oligarch said: I want to buy equipment, the local government promised: give money; the oligarch said: I want to build a factory, the local government promised: to the ground. The subsidized company will be included in the current profit and loss without exception, so even if the loss, the quarterly and annual profit data is still beautiful. Such naked "blood transfusion" is often also known as "investment reward, technology funding."
It is no wonder that the voice of doubt in the industry is endless: in the past two years, companies related to lighting have engaged in LEDs, and now they have developed into a free ride with the capital of the lighting industry. However, their purpose is not to manufacture, but to cater for political achievements and obtain government subsidies, leading to an increase in disorderly competition in the industry.
At this time, I suddenly remembered Wu Zongxian. The media has been tired of his long articles this month. In fact, it is nothing more than "LED, loss, bankruptcy, mismanagement" and other keywords. Entertainment masters also go to work part-time to engage in LED, and there is no reason to take care of it and mismanagement. However, if Taiwan gives up the construction of a good industrial environment and diverts funds to engage in local government blood transfusion subsidies, perhaps Master Wu will not have Loss and even bankruptcy troubles.
The author is not hateful, but it is not difficult to imagine: if there is no subsidy for blood transfusion, the profitability of these domestic LED “big brothers†is probably not as good as the “little brother†who can “create blood†on the small scale in the industry.
It is true that, in a sense, for the small and medium-sized enterprises of LEDs, the oligarchs can disdain their scale, despise their research and development, and despise their prices, but they should not ignore their ability to support themselves (of course, with arrears of payment and Except for assembly plants that sacrifice quality to maintain survival).
Domestic small and medium-sized LED companies are actually suffering from the difficulty of financing. These enterprises have experienced years of accumulation and are eager to become bigger and stronger, but they have to wait for the funds to continue and have to wait for the opportunity to borrow high-interest loans. I haven't seen you. Recently, there have been incidents in which the LED industry base has seen a company with a production value of over 100 million due to a broken capital chain and the boss is running.
At present, more than 95% of the domestic 6 or 7 thousand LED application companies are still small and medium-sized. From the point of view of the circulation of goods in the industry chain, if the application side “high feverâ€, the middle and upper reaches will definitely “cold†and be at risk of collecting money. Worried, the middle and upper reaches will also speed up the collection of goods, and the downstream funds will be more tense.
It’s hard to come. Everyone is looking forward to subsidies and support for LED terminals from the national level. However, with limited resources, they are still only benefiting local LED oligarchy. The stronger the strong, the weaker the weaker the formation pattern has been formed in the context of local administrative protection and has been continuously consolidated.
Five years ago, few people would believe that LEDs can dominate the field of lighting sources; five years later, few people would doubt that LEDs already represent the future of lighting. In this quasi-LED era where people and gods are "exciting", stimulating "hematopoiesis" or disguised "transfusion" is not only related to the survival and development of some LED enterprises, but also the problem of whether the domestic LED industry can achieve a healthy blood circulation.
Fortunately, in addition to the "transfusion" dependence, we have several areas to make a fuss: differentiated competition, cost-effective products, channel channels, direct terminal consumption.
In the future, these are the most "hematopoietic" value chips.
In early July, I chatted in the antique office of a Taiwanese LED company CEO. Between tea and tea, the boss suddenly threw a sentence: "The ratio between 2011 net profit and government subsidies of two LED listed companies in mainland China is very slim." Industry media people to confirm the reliability of the news. In the next "confessions," my heart is in vain.
In these years, we often see in a professional or mass media that a local government will give local LED oligarchy tens of millions of yuan or even 100 million yuan in cash subsidies, and some places will happen every quarter.
The oligarch said: I want to buy equipment, the local government promised: give money; the oligarch said: I want to build a factory, the local government promised: to the ground. The subsidized company will be included in the current profit and loss without exception, so even if the loss, the quarterly and annual profit data is still beautiful. Such naked "blood transfusion" is often also known as "investment reward, technology funding."
It is no wonder that the voice of doubt in the industry is endless: in the past two years, companies related to lighting have engaged in LEDs, and now they have developed into a free ride with the capital of the lighting industry. However, their purpose is not to manufacture, but to cater for political achievements and obtain government subsidies, leading to an increase in disorderly competition in the industry.
At this time, I suddenly remembered Wu Zongxian. The media has been tired of his long articles this month. In fact, it is nothing more than "LED, loss, bankruptcy, mismanagement" and other keywords. Entertainment masters also go to work part-time to engage in LED, and there is no reason to take care of it and mismanagement. However, if Taiwan gives up the construction of a good industrial environment and diverts funds to engage in local government blood transfusion subsidies, perhaps Master Wu will not have Loss and even bankruptcy troubles.
The author is not hateful, but it is not difficult to imagine: if there is no subsidy for blood transfusion, the profitability of these domestic LED “big brothers†is probably not as good as the “little brother†who can “create blood†on the small scale in the industry.
It is true that, in a sense, for the small and medium-sized enterprises of LEDs, the oligarchs can disdain their scale, despise their research and development, and despise their prices, but they should not ignore their ability to support themselves (of course, with arrears of payment and Except for assembly plants that sacrifice quality to maintain survival).
Domestic small and medium-sized LED companies are actually suffering from the difficulty of financing. These enterprises have experienced years of accumulation and are eager to become bigger and stronger, but they have to wait for the funds to continue and have to wait for the opportunity to borrow high-interest loans. I haven't seen you. Recently, there have been incidents in which the LED industry base has seen a company with a production value of over 100 million due to a broken capital chain and the boss is running.
At present, more than 95% of the domestic 6 or 7 thousand LED application companies are still small and medium-sized. From the point of view of the circulation of goods in the industry chain, if the application side “high feverâ€, the middle and upper reaches will definitely “cold†and be at risk of collecting money. Worried, the middle and upper reaches will also speed up the collection of goods, and the downstream funds will be more tense.
It’s hard to come. Everyone is looking forward to subsidies and support for LED terminals from the national level. However, with limited resources, they are still only benefiting local LED oligarchy. The stronger the strong, the weaker the weaker the formation pattern has been formed in the context of local administrative protection and has been continuously consolidated.
Five years ago, few people would believe that LEDs can dominate the field of lighting sources; five years later, few people would doubt that LEDs already represent the future of lighting. In this quasi-LED era where people and gods are "exciting", stimulating "hematopoiesis" or disguised "transfusion" is not only related to the survival and development of some LED enterprises, but also the problem of whether the domestic LED industry can achieve a healthy blood circulation.
Fortunately, in addition to the "transfusion" dependence, we have several areas to make a fuss: differentiated competition, cost-effective products, channel channels, direct terminal consumption.
In the future, these are the most "hematopoietic" value chips.
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