As a leading enterprise in the galvanized & pre-painted industry in china. Shandong Xinghan Materail Corporation with an annual output of 1 million tons of picking coils. 1 million tons of cold roll. 800,000 tons of hot-dipped galvanized and galvalume steel sheets. 450,000 tons of thicker galvanized steeel sheets.300,000 tons of pre-painted steel sheets. occupies a stable leading position in the industry.
Steel Slit Coil,Galvanised Slit Coil,Galvanized Slit Coil,Stainless Steel Slit Coil SHANDONG XINGHAN MATERIAL CORPORATION , https://www.xinghansteel.com
Guoxing Optoelectronics: to create a fully developed LED enterprise
After the major reshuffle, the industry's supply and demand relationship improved. Affected by the sharp price increase of products from 2009 to 2010, the LED industry experienced a substantial expansion, resulting in a serious overcapacity in the industry. After more than five years of full competition, some enterprises and their production capacity gradually withdrew from the market. Especially in the past two years, the M&A boom in the LED industry not only has vertical and horizontal integration within the industry, but also has many cross-border integration. In 2015 alone, there were 46 major M&A integration transactions in the LED industry, of which the total transaction amount disclosed was nearly RMB 40 billion, and the industrial concentration was further improved. Due to the large supply capacity and rapid accumulation and release, in 2015, LED products were caught in price competition, and the price of chips and packaged devices fell by more than 30%. Despite the rapid expansion of demand, the output of LED chips and devices increased by more than 40% and 50% respectively, but the total output value of the industry was only 424.5 billion yuan, a year-on-year increase of 21%, and the growth rate dropped significantly. And the industry once again fell into a state of increasing income and not increasing profits. The total revenue of 23 LED listed companies in 2015 increased by 22.47% year-on-year, but operating profit fell 10.33% year-on-year. The brutal competition in 2015 once again prompted some LED companies to withdraw from the market or slow down the expansion plan. By the first half of 2016, the industry's prosperity has rebounded significantly, and some varieties have been in short supply. Prices have begun to rebound and corporate profits have improved. In the first half of 2016, the total operating income of 23 LED listed companies increased by 26.79% year-on-year, and operating profit increased by 17.52%. As a leading company in the packaging field, Guoxing Optoelectronics has outstanding advantages in the small pitch market. The company started in the LED package, and comprehensively laid out the LED industry chain, involved in the upstream chip, midstream packaging and downstream applications. In the first half of 2016, the company achieved a total sales income of 1.055 billion yuan, an increase of 16.36%; net profit of 95 million yuan, an increase of 13.23%. Although the overall gross profit margin decreased by 0.8 percentage points year-on-year, the gross profit margin of the company's packaging business has rebounded slightly compared to the chip factor. The company is a leading company in the packaging field, second only to Mulinsen and Xiamen Xinda, ranking the top three in the domestic industry. In the first half of 2016, the company's packaging business revenue was 936 million yuan, accounting for 88.94% of the total revenue. Among them, the revenue of indicator devices, display screens and general lighting devices accounted for 1/3. Total revenue from chips and applications accounted for 11.06% of the company's total revenue. The company's display packaging devices are mainly small-pitch products. At present, small-sized indoor small-pitch high-density 0808/0606 and outdoor high-defense high-density 1921 devices have been developed, achieving indoor P2/outdoor P4 small-pitch high-density display. The domestic display packaging field has maintained a leading position. LEDinside estimates that in the next two years, the average number of LEDs used per square meter of indoor LED display will increase from 60,000 to 270,000 in 2015. It is estimated that by 2021, the consumption of small-pitch LED will reach 189.8 billion particles. The growth rate is as high as 46%, and the output value is expected to grow from 300 million US dollars in 2016 to 800 million US dollars in 2021. The annual compound growth rate can reach 21%; the consumption of outdoor LED will grow from 93.6 billion in 2015 to 2021. In the year of 286.4 billion, the annual compound growth rate reached 20%. The company is expected to significantly benefit from the high growth of the small pitch screen market. With the increase in costs and the release of demand, prices are expected to stabilize and rise for a long time. Since May 2016, the price of crystal chips has increased, and by August, the price of small and medium-sized products of Sanan Optoelectronics has risen by 10%. Huacan Optoelectronics has adjusted the products with lower profits; Mulinsen, Guoxing Optoelectronics, etc. The screen uses RGB lamp beads to raise the price by about 10%. The price of the LED industry has continued to decline for many years, and the price has rebounded for the first time since 2010. The main reason is that the cost is rising, the price of upstream materials has stopped falling and rebounded, the substrate has increased by more than 30% compared with June, the gold has increased by more than 27% compared with the beginning of the year, and the labor cost has also increased. Second, the downstream demand continues to grow, while the production capacity After 12 years and 15 years of elimination, the expansion rate of the supply has slowed down significantly. According to feedback from Taiwan's Jingdian in early September, its orders and production capacity have gaps. Among them, blue LEDs have been fully discharged in September, and red LEDs have been scheduled for November. We believe that the fierce competition in 2015 has once again prompted LED companies to rationally view the development of the industry. A considerable number of companies that have withdrawn or transformed will return to the LED industry in the short term or have a small probability of expanding again. The LED industry is expected to enter a long-term rational development stage. Corporate profitability will stabilize and improve. Focus on the LED industry and adhere to the development of upstream and downstream integration. In the future, Guoxing Optoelectronics intends to focus on the LED industry, deepen the field of LED display, lighting, backlight, etc., adhering to the development ideas of upstream and downstream integration, is committed to building a fully developed LED enterprise. In the upstream chip field, the company currently has 31 MOCVD companies, including 20 sets of China Star Semiconductor (the company holds 71.76%) and 11 sets of Yaweilang (62.5% of the company), which can meet the chip demand of one of the company's three. The company's chips are now in full production and will continue to expand in the future to reduce costs through economies of scale while meeting the company's packaging needs. In the downstream application field, Guoxing Optoelectronics continues to improve the channel layout. It has more than 1,000 lighting sales channel outlets nationwide and more than 800 core dealers. The issue of horizontal competition with Foshan Lighting will be resolved by July 2017 according to the actual commitment of the company's vast assets. Future companies and Foshan Lighting are expected to give full play to their respective advantages and achieve synergistic development. At present, the LED industry has passed through the most difficult stage. As a superior enterprise in the packaging field, Guoxing Optoelectronics is expected to maintain long-term stable development in the future.