Industry veteran missing billion yuan LED companies face bankruptcy
As one of the two founders of the listed company Zhou Ming Technology (300232), Xing Yi, the LED company currently operating alone, Shenzhen Vision Light Electronics Co., Ltd. is facing a bankruptcy due to poor management. I have disappeared and the workers are sitting outside the company. Waiting for wages. According to the prospectus of Zhouming Technology, the company was formerly known as Shenzhen Zhoulei Electronics Co., Ltd., which was established on October 26, 2004. On May 19, 2008, Zhoulei Electronics was renamed as “Shenzhen Zhouming Technology Co., Ltd.â€. Zhou Lei Electronics was jointly funded by natural persons Lin Yifeng and Xing Yi. Lin Yifeng invested 325,000 yuan, accounting for 65%. Xing Yi invested 175,000 yuan, accounting for 35%. In September 2006, Xing Yi intentionally transferred 35% of his equity. After negotiation, he decided to transfer 35% of the capital contributed by Lu Delong to Xing Yi. Among them, 2.5% is Lu Delong's investment share, and the remaining 32.5% is Dai Linyi. Hold, held in the name of Ludron.
Because Zhouming Technology is unwilling to accept interviews from reporters, it is impossible to know whether Xing Yi still has business contacts with Zhouming Technology, but the disappearance of such a veteran LED leader reflects the LED more or less. The current status of the industry and the difficulties it faces.
Large but not standardized upstream companies need to integrate
"The LED market is very big, but it is really messy." Hongli Optoelectronics (300219) deputy general manager, CMO Ding Feng told reporters that there are many LED companies, there is no standard, everyone is fighting for price, "real forward-looking products, is Need to invest."
According to statistics from the High-tech LED Industry Research Institute as of the end of last year, there are about 4,000 downstream companies operating purely LED products and about 1,200 mid-stream enterprises, plus materials and equipment upstream. There are no more than 6,000 enterprises in the country.
In addition, there are some half-way companies that are transforming LED companies or making LED products. There are about 2,000 companies nationwide. Together with pure-type companies, there are no more than 8,000 LED products companies. Among them, Shenzhen enterprises accounted for about 40% of the country, which is about 3,200. "The LED industry has a high elimination rate. Large state-owned enterprises are entering, and small enterprises are withdrawing due to competition." Ding Feng estimates that this year's LED enterprises in Shenzhen will be reduced by 20%-30%, which means that nearly 1,000 LED companies will Going to death in the economic winter. "The lack of talents in the LED industry in the upstream of the industry chain is more serious. The upstream enterprises need to be integrated. Many enterprises will certainly not survive this year."
As the industry's sluggishness intensifies, major shareholders of LED companies cash out more frequently. On July 3, Alto Electronics (002587) announced that the company's second largest shareholder, Shenzhen Guocheng Technology Investment Co., Ltd., has reduced its shareholding of Alto Electronics by 3.482 million shares and the cash amount is 36.16 million yuan. In recent years, with the cooling and heating of the LED industry, the performance of Alto Electronics, which is the main LED optoelectronic product, fluctuated. This major shareholder reduction, in addition to its own business factors, the industry downturn is also one of the catalysts for cash.
The company's performance continues to decline, the industry is in the reshuffle period
Under the influence of multiple factors such as the European debt crisis and the weak US economic recovery, domestic LED export orders declined sharply in the second half of last year. The information from the Canton Fair also shows that since the beginning of this year, the orders of domestic LED companies in Europe and the United States have generally dropped by 30% to 50%. It will take time for the domestic lighting market to start on a large scale. Due to the lack of core technology and the majority of LED chips relying on foreign companies, domestic LED lighting is difficult to reduce in cost, and the civilian market is developing slowly.
According to statistics, many LED companies listed before 2010 have experienced a decline in performance for two consecutive years. Taking Chau Ming Technology as an example, the net profit for the first quarter of this year was only 1.7 million yuan, a year-on-year decrease of 80.46%. The main reason for the company's decline in performance was attributed to the European debt crisis and the intensified domestic LED competition. Since 2011, the company's quarterly results have been almost “waist†compared to the previous year. In addition, Hongli Optoelectronics also announced that the company's first-quarter operating income and net profit fell sharply, also because of the impact of the international financial crisis and the domestic lighting market demand has not yet started.
An industry person who did not want to be named told reporters: "Our company entered the industry in 2008, it is too late, but in the past two years, many chemical, rubber and real estate companies have also been transformed into this, from the second half of last year to this year. In the first half of the year, the newly approved and listed LED companies of the Shenzhen Stock Exchange have exceeded our expectations. In the first quarter of this year, there were 8 LED companies that have been listed and ready to go, more than the total number of listed companies in the LED industry last year; And there are still many emerging companies that are not listed or listed, and we don’t know. These LED companies that don’t have the real core technology will only let a lot of land, funds and equipment idle, which will accelerate the chaos in this market.â€
Industry analysts believe that the emergence of the listing tide is actually the company is preparing for the future, otherwise it is likely to be swallowed by potential mergers and acquisitions: "The industry's temporary trough provides a shuffling opportunity, international giants and domestic LEDs vying for listing Enterprises have become the leader of shuffling. From last year to now and until next year, it is a shuffling period."
2.0mm (0.079") Pitch Pin Headers
2.0mm pin headers are board-to-board or PCB to PCB Connectors rated for 250VAC and an industry-leading current of 3.0A. Antenk offers numerous configurations for this pin header. Designed for low-profile applications, this pin header is made from high-temperature thermoplastic and is offered with several means of connections and mounting styles such as through-hole (THM) or surface mount (SMT) and can be in vertical (straight), elevated or at a right angle configuration/orientation
Pin header customization is also available upon your request. The 2.0mm pitch pin header is highly recommendable for signal and low power PC board connections when space is at a premium and when 1.0mm and 1.27mm pitch headers cannot dissipate the required current. In addition, the 2.0mm pitch pin header holds an excellent mating quality that fits with various types of female connectors.
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2.0mm pitch pin (male) headers are offered in either Surface-mount or Through-hole mount termination. At one side of this pin header is a series of pins which can either be mounted and soldered directly onto the surface of the PCB (SMT) or placed into drilled holes on the PCB (THM).
Best used for high-reliability products that require stronger connections between layers.
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2.0mm vertical single row header, 2.0mm vertical dual row header, 2.0mm Elevated single row pin header, 2.0mm Elevated dual row pin Header, 2.0mm Right-angle single row header and 2.0mm Right-angle dual row header are some examples of Antenk products with through-hole mount type.
Surface-Mount
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2.0mm Right-angle Dual Row pin header, 2.0mm SMT Single row pin header, 2.0mm SMT Dual row pin header and 2.0mm Elevated Dual Row Pin Header are Antenk`s SMT pin headers.
Soldering SMT pin connectors can be done at a maximum peak temperature of 260°C for maximum 60 seconds.
2.0mm pitch headers may be further classified into pin orientation as well, such as vertical or straight male header or right-angle male header.
Vertical or Straight Pin (Male) Header Orientation
One side of the series of pins is connected to PCB board in which the pins can be at a right-angle to the PCB surface (usually called "straight" or [vertical") or.
Right-Angle Pin (Male) Header Orientation
Parallel to the board's surface (referred to as "right-angle" pins).Each of these pin-types have different applications that fit with their specific configuration.
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For a 2.0mm straight or vertical male pin header, the standard number of rows that Antenk offers ranges from 1 to 4 rows. However, customization can be available if n number of rows is needed by the customer. Also, the number of contacts for the single row is about 2-40 pins. For dual row, the number contacts may vary from 2-80 pins. For triple row, it`s 2-120 pins, while for four-row, it`s 2-160 pins.
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The pins of the connector have been designed with copper alloy. With customer`s demand the pins can be made gold plated.
Breakaway design
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Custom 2.0mm Pitch Pin Headers
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