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The capital chain dilemma hits the LED lighting industry again
Recently, the term “funding chain break†has once again been mentioned by the LED lighting industry, and has even become a sensitive vocabulary in the minds of many lighting manufacturers. Even if relevant industry insiders believe that the LED lighting industry is expected to grow at a compound annual growth rate of 8% per annum in the next five years, the market prospects are promising. However, at present, the problems of excessive expansion of the company and the inconsistent scale and excessive customer credit are the important reasons for the LED capital chain break. In recent years, LED lights have been increasingly used in public facility lighting, commercial lighting and special field lighting, such as medical and agricultural. According to the "2016 Global LED Lighting Market Trends" research report, the LED lighting market will reach $25.7 billion in 2015, with a penetration rate of 31%; in 2016, it will reach $30.5 billion and the penetration rate will increase to 36%. According to the relevant national planning, by the end of the 13th Five-Year Plan, 80% of the lighting field should use LED lighting. Such a huge application market has also spawned more and more companies entering the LED field. The initial development of domestic LED companies is very rapid, mainly relying on advanced technology to develop new products, and has been rapidly developing by continuously improving the overall level of the industry, but LED has been developed so far, especially in recent years, enterprises have reduced the intensity of research and development. The slowdown in the pace of developing new products, relying solely on the cloning of foreign advanced technologies, led to the lack of innovation in the domestic LED industry in recent years, the slow pace of development, severe overcapacity and falling profits, which have affected the benign development of the industry. Even because of the funding problem, some large enterprises have to face the difficulties of bankruptcy. In July this year, after the product lighting and Zhongzhou Optoelectronics collapsed, it was reported that Zhongshan Tongji Technology Lighting went bankrupt, due to the inability to pay the supplier 6 million in payment and the staff's salary was unable to be distributed; July 22, Shenzhen Ruigu Technology The announcement stated that the company is currently facing difficulties in operation and is facing bankruptcy; in September 2015, a capital chain break in a lighting company in Shunde, Foshan was exposed, and hundreds of suppliers and employees surrounded the company to ask for money and wages; October 22, 2014, The legend of Zhongshan Fengguang was exposed due to the break of the capital chain and the boss ran. In the past two years, the competition in the LED industry has become increasingly fierce, and the profit of the products has shown a rapid decline. The growth rate of market demand has also slowed down. It is reported that more than 90% of power companies in 2015 should be very tormented. In fact, the company has a broken capital chain. In fact, it is not only the company itself, but also suppliers, distributors and employees. After the enterprise defaults on the payment, the supplier will suffer double loss of goods and funds; after the enterprise capital chain breaks, its dealers may encounter the embarrassment of losing money, and the sales of the later products are not guaranteed; Money, you can't get the corresponding labor compensation, and finally there is no way to pay.