According to the statistics of the High-tech LED Industry Research Institute (GLII), there were 13 IPOs of LED companies last year. Among them, the Mulinsen IPO will be listed on the market, and the actual IPO will be listed on the market. According to statistics, there are already 8 LED companies that have been listed and ready to go in the first quarter of this year, and there are 6 listed and attended in March. At the same time, there are not a few LED companies that are waiting in line to go public. In 2012, the LED company's listing will continue to stage.
Statistics show that from the listing of Sanan Optoelectronics in 1996 to 2010, there are only 9 listed companies involved in the LED business; and from January 2011 to April 2012, 16 months have been listed and There are already 15 LED companies that have already passed the conference, far exceeding the total number of LED companies listed in the previous 15 years.
External factors: policy "rain dew" and capital pusher
What kind of support is this kind of craze? The answer is the policy "rain dew" and capital pushers. Under heavy pressure, IPO has also become a way for LED companies to escape the acquired bad luck.
On March 20th, the “2012 Financial Subsidy Promotion Project for Semiconductor Lighting Products†organized by the Ministry of Finance and the National Development and Reform Commission was held in Beijing for public bidding. The subsidy ratio is about 30% of the purchase price. 110 companies from all over the country participated in the tender, the purpose of which is to hope to eat this big cake that is said to be worth hundreds of billions. According to the National Development and Reform Commission, in 2012, only the streetlight procurement part, the government will spend 40 billion yuan, the same as the LED street light users provide 30% financial subsidies.
But for domestic LED companies, such policy springs have become accustomed to it. Since 2009, the national policy that benefits the LED industry has been continuously introduced, and local governments have also increased their support for the LED industry. Many provinces have developed the LED industry as a strategic emerging industry.
The policy banner makes the capital market also favor the LED industry. Capitals from all walks of life have made the LED industry, which was originally fanatical, continue to be fanatical. According to statistics, in the first half of last year alone, the total investment in China's LED industry plan has quadrupled in 2010. In 2011, under the impetus of the capital, the LED industry staged a listing boom. In 2011 alone, seven LED companies went on the market. Among them, from December 8 to December 12, 2011, there will be four LED companies from Jufei Optoelectronics, Shenzhen Wanrun, Liard Optoelectronics and Shenzhen Changfang.
Internal Cause: If you don't go public, you have to wait for the merger.
The director of Hualin Securities Investment Banking Department believes that the reason why LED companies are relatively easy to market is because it is easier to meet the conditions for listing: "LED industry is a key recommendation industry for the GEM, and the LED industry is developing rapidly, innovative and Growth is easier to embody."
Policy and capital are only external drivers. Under a lot of pressure, IPO has become a way for companies to get out of the quagmire and seek to grow.
Why have there been only a handful of listed companies in the LED industry in the past few years, but have chosen to get listed in the past two years? Liu Jianyun, president of Shenzhen Lihe Qingyuan Venture Capital Management Co., Ltd. believes that unlisted companies have to accelerate the pace of listing when they are under pressure from listed companies. “Post-marketing companies usually extend upstream and downstream of the industry, putting pressure on unlisted companies. At the same time, due to the capital-intensive nature of the LED industry, IPO-successful companies have greater competitive advantages and thus accelerate industry consolidation.â€
On the other hand, continued overcapacity and sluggish demand have caused LED companies to struggle on the verge of winter. According to high-tech LED data, in 2011, China's LED industry output is expected to increase by 50% year-on-year, while the output value is only 22%, which is far from the 100% to 200% growth rate that many LED companies originally expected. Zhang Xiaofei, director of the High-tech LED Industry Research Institute, said: "This indicates that the industry is transitioning from the early winter to the deep winter." Liu Jianyun believes that the industry downturn has increased the urgency of the company's listing: "In the overall downturn of the LED industry, most companies The performance cannot continue to grow, and it may miss the listing opportunity. According to the current domestic listing conditions, it is necessary to wait for 1-3 years."
At the same time, the international LED giants such as Philips and Osram, which have entered the Chinese market in a big way, have entered the LED industry in the United States, Tsinghua Tongfang and other large-scale domestic enterprises, as well as traditional lighting companies with perfect brands and channels have become potential buyers of many LED companies. Choose an IPO, or wait for it to be acquired? This has become a difficult problem for domestic LED companies that lack Big Mac.
Forecast: More than 100 companies will be listed in the stock reform
"Because of the huge market capacity of LED industry chain, according to China's listing standards, there are hundreds of enterprises to meet IPO conditions." Liu Jianyun said. According to the data, in the list of 515 IPO applications submitted by the China Securities Regulatory Commission in early February, nine LED-related companies are waiting in line for listing. At present, there are more than 40 LED-related enterprises in domestic listed companies. The statistics of the High-tech LED Industry Research Institute show that there are more than 100 LED companies that have been listed for stock reform. The industry expects that the 2012 IPO boom in China's LED industry will continue to be staged.
List of listed and pending LED companies this year
| Securities name | First launch date |
| Rectangular lighting | 3-21 |
| Jufei Optoelectronics | 3-19 |
| Moso Power | 3-16 |
| Liard | 3-15 |
| Huan Xu Electronics | 2-20 |
| Wanrun Technology | 2-17 |
| Vig Optoelectronics | Waiting for release |
| Huacan Optoelectronics | Waiting for release |
Statistics show that from the listing of Sanan Optoelectronics in 1996 to 2010, there are only 9 listed companies involved in the LED business; and from January 2011 to April 2012, 16 months have been listed and There are already 15 LED companies that have already passed the conference, far exceeding the total number of LED companies listed in the previous 15 years.
External factors: policy "rain dew" and capital pusher
What kind of support is this kind of craze? The answer is the policy "rain dew" and capital pushers. Under heavy pressure, IPO has also become a way for LED companies to escape the acquired bad luck.
On March 20th, the “2012 Financial Subsidy Promotion Project for Semiconductor Lighting Products†organized by the Ministry of Finance and the National Development and Reform Commission was held in Beijing for public bidding. The subsidy ratio is about 30% of the purchase price. 110 companies from all over the country participated in the tender, the purpose of which is to hope to eat this big cake that is said to be worth hundreds of billions. According to the National Development and Reform Commission, in 2012, only the streetlight procurement part, the government will spend 40 billion yuan, the same as the LED street light users provide 30% financial subsidies.
But for domestic LED companies, such policy springs have become accustomed to it. Since 2009, the national policy that benefits the LED industry has been continuously introduced, and local governments have also increased their support for the LED industry. Many provinces have developed the LED industry as a strategic emerging industry.
The policy banner makes the capital market also favor the LED industry. Capitals from all walks of life have made the LED industry, which was originally fanatical, continue to be fanatical. According to statistics, in the first half of last year alone, the total investment in China's LED industry plan has quadrupled in 2010. In 2011, under the impetus of the capital, the LED industry staged a listing boom. In 2011 alone, seven LED companies went on the market. Among them, from December 8 to December 12, 2011, there will be four LED companies from Jufei Optoelectronics, Shenzhen Wanrun, Liard Optoelectronics and Shenzhen Changfang.
Internal Cause: If you don't go public, you have to wait for the merger.
The director of Hualin Securities Investment Banking Department believes that the reason why LED companies are relatively easy to market is because it is easier to meet the conditions for listing: "LED industry is a key recommendation industry for the GEM, and the LED industry is developing rapidly, innovative and Growth is easier to embody."
Policy and capital are only external drivers. Under a lot of pressure, IPO has become a way for companies to get out of the quagmire and seek to grow.
Why have there been only a handful of listed companies in the LED industry in the past few years, but have chosen to get listed in the past two years? Liu Jianyun, president of Shenzhen Lihe Qingyuan Venture Capital Management Co., Ltd. believes that unlisted companies have to accelerate the pace of listing when they are under pressure from listed companies. “Post-marketing companies usually extend upstream and downstream of the industry, putting pressure on unlisted companies. At the same time, due to the capital-intensive nature of the LED industry, IPO-successful companies have greater competitive advantages and thus accelerate industry consolidation.â€
On the other hand, continued overcapacity and sluggish demand have caused LED companies to struggle on the verge of winter. According to high-tech LED data, in 2011, China's LED industry output is expected to increase by 50% year-on-year, while the output value is only 22%, which is far from the 100% to 200% growth rate that many LED companies originally expected. Zhang Xiaofei, director of the High-tech LED Industry Research Institute, said: "This indicates that the industry is transitioning from the early winter to the deep winter." Liu Jianyun believes that the industry downturn has increased the urgency of the company's listing: "In the overall downturn of the LED industry, most companies The performance cannot continue to grow, and it may miss the listing opportunity. According to the current domestic listing conditions, it is necessary to wait for 1-3 years."
At the same time, the international LED giants such as Philips and Osram, which have entered the Chinese market in a big way, have entered the LED industry in the United States, Tsinghua Tongfang and other large-scale domestic enterprises, as well as traditional lighting companies with perfect brands and channels have become potential buyers of many LED companies. Choose an IPO, or wait for it to be acquired? This has become a difficult problem for domestic LED companies that lack Big Mac.
Forecast: More than 100 companies will be listed in the stock reform
"Because of the huge market capacity of LED industry chain, according to China's listing standards, there are hundreds of enterprises to meet IPO conditions." Liu Jianyun said. According to the data, in the list of 515 IPO applications submitted by the China Securities Regulatory Commission in early February, nine LED-related companies are waiting in line for listing. At present, there are more than 40 LED-related enterprises in domestic listed companies. The statistics of the High-tech LED Industry Research Institute show that there are more than 100 LED companies that have been listed for stock reform. The industry expects that the 2012 IPO boom in China's LED industry will continue to be staged.
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