Wuhan Hua photoelectric layout of the LED lighting to the bankruptcy of the bottleneck

LED lighting a huge market prospects, just listed near the LED chip manufacturers to accelerate the HC semitek.

"Company third LED wafer capacity expansion project 50%, will be used for the lighting market. "In June, Hua Wei photoelectric secretaries Ye Aimin said, Hua Guang photoelectric investment plan in 2011, the third phase of LED epitaxial chip construction project total investment of up to $1 billion 398 million, is expected to be put into operation in 2013. By then, China will be able to increase the annual output of 22 billion new LED chip.

HC semitek vice president Bendiffer pointed out that because of capacity limitations, HC semitek only roots of LED display market, since the LED lighting chip revenue accounted for the proportion of total revenue is less than 30%.

"In fact the company has accumulated a number of large customers such as LED lighting, honglitronic, Hualian Group and simple electric appliance etc.. Therefore, the company's primary task is to expand the LED epitaxial wafer, chip production capacity. "Biandi Fei said.

HC semitek May issued prospectus, as of the end of last year, HC semitek has debugged MOCVD equipment (LED wafer production equipment) 25. In the third phase of the expansion project will add 48 new MOCVD devices, only the need for 48 MOCVD devices $760 million.

Invested huge amounts of money to let HC semitek cash flow is tight. From 2.98 times in 2010, the ratio of the current rate of optical fiber in China dropped to a factor of 1.46 in 2011, and the rapid speed ratio decreased from about 2.6 times in 2010 to about 1.08 times in the year of 2011.

Liquidity ratio and quick ratio reflects the liquidity of the enterprise, and the enterprise's ability to repay short-term debt, general corporate cash flow rate of filling, in general more than 2 times, the quick ratio in general more than 1 times.

Fortunately, HC semitek at the end of May a successful login Shenzhen gem, issue 50 million shares, the net funds raised 923 million yuan.

Nevertheless, HC semitek still tight cash flow. Because, LED lighting customers LED chip product performance requirements are getting higher and higher, especially the consistency of the LED chip brightness rate, which also requires LED chip manufacturers in the lighting chip stocking to have a certain amount of inventory.

HC semitek also said that the company in 2011 sales rate compared to one of the reasons is the decline in previous years, since 2011 the company began to enter the LED lighting market, leading to more LED lighting chip stocking. As of the end of last year, China photoelectric inventory has reached 123 million yuan.

Is also based on this, HC semitek announcement at the beginning of June, due to the lack of liquidity, will use the funds raised over 22 million 560 thousand yuan and 85 million yuan of idle funds to supplement the company's liquidity.

In fact,, HC semitek is so anxious to expand the LED chip production capacity, and develop the LED lighting market. Because, the domestic lighting market has begun to show a comprehensive transformation of LED lighting trends.