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On the one hand, the industry's differentiation has become increasingly fierce, and the industry's reshuffle has gradually settled. On the other hand, companies have adjusted their market strategies, and globalization of China and China's globalization are becoming the focus. For the LED industry, the tide of mergers and acquisitions and the rising tide of prices have swept the entire industrial chain. Looking back on 2016, the LED industry has been in great success, and there are joys and sorrows. On the one hand, the industry's differentiation has become increasingly fierce, and the industry's reshuffle has gradually settled. On the other hand, companies have adjusted their market strategies, and globalization of China and China's globalization are becoming the focus. For the LED industry, the tide of mergers and acquisitions and the rising tide of prices have swept the entire industrial chain. Whether it is for survival or to adjust the frontline considerations, the traditional lighting giants shut down the factory, withdraw from a certain market, and divest the business, indicating that the industry competition is becoming increasingly fierce. The thinking of the enterprise has changed, from the stage of expanding the channel and grabbing the share, to the new normal of ensuring profitability and survival. This is an industry integration process that must be experienced. This is a cruel process and a process of rebirth. Technological innovation, cross-border interconnection, and global competition are still the propositions for the sustainable development of the LED industry for a long time to come. Xiaobian comprehensive 2016 industry events impact on the industry to sort out the major industry events of the month. Major Events in January 2016 1. According to the disclosure information of the official website of the China Securities Regulatory Commission, as of January 7, 23 companies have suspended IPO review, and 7 of them have suspended the review reasons as the issuer has requested to suspend the review. This also includes LED companies Zhejiang Shengdi Optoelectronics and Shenzhen Rejing Optoelectronics. Brokers who do not want to disclose their names believe that the voluntary suspension of these companies may be waiting for the implementation of the registration system. 2. The products released by SETi in China in November 2015 are still in the preliminary development stage, and the development time is expected to be 6 months. SETi will continue to supply sensor chips to the Chinese market, while providing both standard and customized products. Sensor Electronic Technology Co., Ltd. (SETI), the world's first company to supply short-wave UV LEDs to the market, was established in 1999 and has been providing customers with a range of wavelengths from 240nm to 360nm since 2004. LED lights. SETI is recognized by the industry as a global leader in UV-B and UV-C LEDs. 3. On January 4th, Huacan Optoelectronics issued the announcement on the “Project Investment Framework Agreement with Zhejiang Yiwu Industrial Park Management Committee†and announced the resumption of stocks. The investment framework agreement shows that Huacan Optoelectronics will invest in LED extension, chip and industrial chain extension projects in Yiwu Industrial Park. It is estimated that the total investment will be about RMB 6 billion. At the same time, both parties agreed to jointly set up LED industry M&A funds for Huacan Optoelectronics LED The industry chain conducts mergers and acquisitions. 4. On the evening of January 22nd, a message released by Royal Philips of the Netherlands broke the temporary silence of the lighting industry's gossip circle. Philips said it has terminated its original plan to sell its lighting components and automotive lighting division LUMILEDS to the Jinsha River and Chinese-funded syndicates for regulatory reasons in the United States. 5. On the evening of January 3, Qinshang Optoelectronics released the restructuring plan and disclosed the draft purchase of assets. The company intends to purchase 100% equity of Guangzhou Longwen held by Yang Yong and Huaxia Life Insurance in the form of issuing shares and paying cash. Obviously, this protagonist continues to be bold, and this cross-border seems to be more thorough. The semiconductor lighting industry is the focus of Qinshang Optoelectronics, began to transform the education industry, and plans to achieve dual main business layout. February 2016 Events 1. Due to safety issues, the US Consumer Product Safety Commission (CPSC), Health Canada and IKEA North America Services LLC (IKEA) jointly announced the recall of 840,000 sets of ceiling lamps produced in China. At the same time, IKEA (China) Investment Co., Ltd. also submitted a recall plan to the Shanghai Municipal Bureau of Quality and Technical Supervision, and decided to recall some 350,000 sets of ceiling lamps from February 9, 2016. 2. The US Department of Energy (DOE) has announced a proposal for a light source efficacy standard that is said to provide a more cost effective and energy efficient alternative to home and office lighting. The US Department of Energy's proposal for light efficiency standards follows the pace of change in lighting technology. With the development of advanced LED technology, in order to meet existing standards, traditional light bulbs such as halogen lamps and CFL energy-saving lamps on the market may be replaced. The transition from traditional light bulbs to LED lights is consistent with changes that have taken place in industry and throughout the market. 3. Anhui Konka Green Lighting Technology Co., Ltd. (referred to as Konka Lighting) and Toshiba Lighting Co., Ltd. (Toshiba Lighting Co., Ltd.) recently reached a strategic cooperation and supply agreement involving an amount of over RMB 1 billion. Konka Lighting obtained the right to use Toshiba Lighting's Toshiba brand of general lighting products in mainland China and Hong Kong. The two parties signed a cooperation agreement on December 21, 2015. The relevant work of the transaction has been started, and all business and personnel transfer will be completed on April 1, 2016. 4. NVC Lighting announced that its wholly-owned subsidiary, Hong Kong NVC Lighting Co., Ltd. (hereinafter referred to as Hong Kong NVC) and the transfer party Jinzhonghe Investment Co., Ltd. (referred to as Jinzhonghe Investment) entered into an equity transfer agreement, which will be acquired 75% of the shares of Energy Holdings Limited. The NVC Lighting Board believes that the intellectual property owned by the target company Yao Neng Holdings will benefit NVC lighting technology upgrades and new product development, and will enhance NVC lighting competitiveness, develop the international market for NVC lighting products, and promote mines. The growth of lighting performance. In March 2016, the big event 1. Mulinsen announced that the company intends to purchase 80% of the shares of Yanshiguo with the payment of cash in the form of cash payment. The transaction price is as of December 31, 2015. The assets are based on the bank liabilities that should be repaid before delivery, and are determined by mutual agreement. According to the announcement, the main assets of Chaoshi Light Source are the land use rights, the ownership of the above-ground buildings and their production equipment of Sun Company Xinhe (Shaoxing) Green Lighting Co., Ltd. (hereinafter referred to as Xinhe Shaoxing). Xinhe Shaoxing is mainly engaged in the production and sales of energy-saving lamps, LED lamps and their parts, components and accessories. It is the largest manufacturer of LED filament lamps in China. 2. On March 11, Sanan Optoelectronics announced that it had announced that the company’s wholly-owned subsidiary, Xiamen Sanan Integrated Circuit Co., Ltd. (hereinafter referred to as Sanan Integration Co., Ltd.) plans to use its own currency with a total transaction value of US$226 million. Consolidation of British Cayman Islands Commercial Huanyu Semiconductor Holdings Co., Ltd. (hereinafter referred to as US Universal). According to the data, U.S. Universal was established in 1997 and is the world's leading compound semiconductor wafer fabrication service provider. The company's products include RF integrated circuits (RFICs) and millimeter-wave integrated circuits for the wireless communications market, power components for the power electronics market, and photodetectors and lasers for fiber-optic fiber optic communications. 3. On the evening of March 7, Mulinsen announced that the company had received the “Approval of Approving the Non-public Issuance of Shares of Mulinsen Co., Ltd.†by the CSRC, and approved Mulinsen’s non-public issuance of no more than 83.5 million new shares. In 2015, Mulinsen Lighting built two LED lighting and component production bases in Jiangxi Xinyu and Ji'an, which is ready for better and faster entry into the global market. In 2016, Mulinsen is poised for development and is ready to enter the global LED lighting market. The issuance of new shares will also be able to reserve sufficient ammunition for Mulinsen's global expansion. 4. On March 9, the CSRC issued a notice stating that the application for the IPO (initial public offering) of Op Lighting was approved. According to the latest A-share prospectus of Op Lighting, the company plans to issue no more than 58 million shares, and the funds will be used for green lighting production, lighting R&D center construction, exhibition center and marketing network construction. It is not easy for Opp to succeed in this meeting. In fact, Oupu, as a well-known LED lighting company in China, has been listed as early as 2013. Many people in the industry believe that the success of the Opto Lighting will be a stimulant for the LED industry for the silence of the first quarter. On the evening of April 2016, on the evening of April 10, Huacan Optoelectronics announced that the company signed a strategic cooperation agreement with its main customer, Mulinsen. Mulinsen will preferentially purchase Huacan Optoelectronics products under the same conditions. Mulinsen will be in the next 3 years. The amount of LED chip products purchased by Huacan Optoelectronics will be no less than RMB 1.5 billion. Huacan Optoelectronics will give priority to the supply of Mulinsen under the same conditions. Previously, Huacan Optoelectronics announced that it plans to invest no more than RMB 3 million to participate in the capital increase of Beixing (Beijing) Photonics Technology Co., Ltd. (hereinafter referred to as Beixing Photonics), accounting for 3.75% of the total registered capital after its capital increase. North Xingguangzi is currently engaged in research and development and sales of radar-related hardware and software products in the field of robotics. 2. Keheng shares announced that in order to promote the development of the company's business, Jiangmen Keheng Industrial Co., Ltd. (hereinafter referred to as the company) signed a "Agreement on the Establishment of a Joint Venture to Establish a Company" with the natural person Zhibo and Zhou Wei. New Materials Co., Ltd. The original Hangzhou Fire Crane Photoelectric Material Co., Ltd. stopped the production and sales activities of phosphors. The original production orders were handed over to Keheng Company. The original business of Yinghe Optoelectronics was under the responsibility of the newly established joint venture company. 3. Op Lighting and Huawei officially signed the Smart Home Strategic Cooperation Agreement, becoming the preferred lighting partner of Huawei Smart Home and jointly launching strategic cross-border cooperation. The agreement announced that Opto will integrate Huawei Hilink protocol on the smart home lighting platform. The two parties will interact in intelligent routing and chip, mobile intelligent terminal and intelligent lighting device, cloud platform docking and data sharing, channel and marketing, brand building and standards. Agreements and other aspects form an all-round cooperative relationship. 4. On the evening of April 14, Dehao Runda issued a notice stating that the company intends to issue non-public offerings of no more than 368 million shares at a price of not less than 5.43 yuan, raising funds of not more than 2 billion yuan to overweight the main business. Among them, 1.5 billion yuan is intended for LED flip chip project, the project will form an annual production capacity of 5 billion flip-chips after production, 500 million yuan is intended for LED chip-level packaging projects, forming an annual output chip-scale package The production capacity of the device is 4.25 billion. 5. Australian company BluGlass Co., Ltd. announced that it will cooperate with China's leading LED chip manufacturer Huacan Optoelectronics to explore the application of aluminum nitride (AlN) low-temperature deposition on high-brightness LEDs and explore the advantages of RPCVD in green LED production. . Through the cooperation agreement, Huacan Optoelectronics will supply BluGlass with 4-inch wafer products and manufacture LED devices for testing. The company also plans to explore the use of aluminum nitride (AlN) low-temperature deposition on sapphire substrates for the manufacture of high-brightness LEDs. Major Events in May 2016 1. Zhengye Technology disclosed a major asset restructuring plan. The company intends to purchase 100% equity of Hyunshuo Optoelectronics by issuing shares and paying cash, and raise matching funds. Upon completion of this transaction, Zhengye Technology will hold 100% equity of Hyun Shuo Optoelectronics, and Hyun Shuo Optoelectronics will become a wholly-owned subsidiary of Zhengye Technology. The trading partners Zhao Yutao, He Mingli, Hua Yinghao, Hyun Shuo Investment Commitment, Hyun Shuo Optoelectronics achieved net profit of 36 million yuan, 46.8 million yuan and 60.84 million in 2016, 2017 and 2018 respectively. yuan. 2. Wanrun Technology announced on the evening of May 26 that the company signed the “Project Investment Agreement†with Chongqing Fuling District People’s Government in Fuling District of Chongqing Municipality on the same day. The company authorized the wholly-owned subsidiary Shenzhen Rishang Optoelectronic Co., Ltd. in Chongqing. Fuling District invested RMB 100 million to build LED Industrial Park project. At the same time, LED upstream and downstream supporting enterprises will be introduced to create an LED industrial park integrating R&D, production and international and domestic trade. The project is expected to start construction in early 2017, with a construction period of 2 years, which will be solved by Shenzhen Rishang Optoelectronics Co., Ltd.. 3. On May 23, Ai Siqiang officially disclosed the information. The Fujian Grand Chip Investment Fund has officially issued an offer to Ai Siqiang, which is willing to pay a price of 6 euros per share and a total price of 670 million euros. Acquired Ai Siqiang. According to the disclosure, Fujian Hongxin Fund is controlled by Liu Zhendong, who holds 51% of the fund. Xiamen Investment Company Xiamen Bohao Investment (Xiamen Boao Investment Co., Ltd.) holds the remaining 49% of the shares. 4. On May 3, Philips announced that it will spin off its lighting equipment division, Philips Lighting, for an initial public offering. Philips is currently the world's largest manufacturer of lighting equipment, with revenues of 7.5 billion euros ($8.7 billion) in 2015 and operating profit of 331 million euros ($382 million). Philips Lighting will be listed on the Euronext Amsterdam, the Netherlands, and Philips will sell at least 25% of its shares in Philips Lighting's initial public offering. 5. On the evening of May 16th, Mulinsen Co., Ltd. (hereinafter referred to as Mulinsen) held the 27th meeting of the second board of directors. The meeting reviewed and approved the legally binding of the company to participate in the bidding consortium to submit to OSRAM Licht AG. Force's proposal for the proposal. In June 2015, the OSRAM Supervisory Board approved the spin-off plan. OSRAM's channel business spin-off is mainly related to the division of lighting products, brand licensing schemes, and restructuring plans for global factories. The June 2016 event 1. Liard announced on the evening of June 29 that the company intends to acquire a 100% stake in Zhongtian Lighting held by Jingsheng Business and Runying Business in cash of RMB 350 million. The above acquisition is conducive to the company's national layout of the lighting sector business. After the company acquired Jinda Lighting in 2014, the market share of the Liede Group in the LED lighting engineering sector has achieved explosive growth. Jinda Lighting has won the bid and is implementing the target amount of 277 million yuan on the banks of Wuhan and Liangjiang. The city lighting show has become a new benchmark for urban landscape lighting. 2. On the evening of June 7, Hongli Zhihui increased its capital by 411,074,300 yuan to the holding subsidiary Jiangxi Hongli Photoelectric Co., Ltd. (hereinafter referred to as Jiangxi Hongli) by raising funds from non-public offering of shares. The capital source of the company's capital increase is the funds raised by the company's non-public offering of shares. The company implements the fund-raising investment project by increasing capital to Jiangxi Hongli, which is conducive to the smooth promotion and implementation of the fund-raising investment projects, further enhancing the company's competitiveness and Profitability. 3. The first phase of Jiangxi Mulinsen Lighting Co., Ltd. was officially put into operation. As a wholly-owned subsidiary of Mulinsen Investment Co., Ltd., it mainly produces display packaged display screens, and is expected to achieve an output value of 2.5 billion yuan. After the project is completed and put into production, the plant area is nearly 400,000 square meters, and the dormitory building is 100,000 square meters. The products will be fully covered from the packaging to the application LED industry chain. It is expected to achieve an output value of 15 billion yuan to 18 billion yuan. 4, June 13 On the day, Ochs announced that it had received a total of 8.695 billion orders from Shanghai Gaoyuan Investment Development Co., Ltd. (hereinafter referred to as Shanghai Gaoyuan) for the three years from 2016 to 2019. This announcement has caused great concern in the market as soon as it is released. Some media raised doubts that Otis had a revenue of only 440 million yuan last year, and Shanghai Gaoyuan's customer contributed 2.988 billion yuan in revenue in the next three years, which is 6.5 times its current revenue. 5. On the evening of June 28, Mulinsen announced that it plans to increase the capital of its own funds by RMB300,000,000 to develop Jingguang (Xiamen) Co., Ltd., and increase the proportion of shares acquired by increasing capital from 10.91% to 25.50%. Mulinsen extended the upstream of the LED industry chain through strategic investment, completed the layout of the entire industry chain, and played an important role in the future development of the company. At the same time, through the development of Crystal and the United States Bridgelux in the patent technology and market cooperation, the company's related products can effectively open up foreign patent barriers, paving the way for the company's products to go international. 6. Philips Lighting Manufacturing (Shenzhen) Co., Ltd. stopped production and disbanded, causing various conjectures. The root cause is the adjustment of the Philips lighting business structure, shutting down the traditional lighting business. At present, the main LED lighting business may gradually turn to OEM production. Philips Lighting officially stated that in response to the demand for smart home development in the home lighting market and increased industry competitiveness, Philips Lighting decided to close Philips Home Lighting Manufacturing (Shenzhen) Co., Ltd. in Shenzhen. 7. Dutch chipmaker NXP Semiconductors and Beijing Jianguang Asset Management Co., Ltd. reached an asset sale agreement. The chip company agreed to sell its Standard Products division to China's state-owned investment company Jianguang Assets and private equity firm Wise Road Capital for $2.75 billion. The Standard Products division achieved revenues of $1.24 billion in 2015, while NXP's 2015 revenues totaled $6.1 billion, including Freescale's approximately one-month revenue. Standard Products' business includes discrete devices, logic chips and PowerMOS chips.
October 28, 2019