[Text|High-tech LED reporter Yue Mengdi] In 2015, the M&A tide in the LED industry has intensified, and mergers and acquisitions among enterprises are no longer limited to the middle and lower reaches, but have spread to the field of packaging equipment.
At the beginning of April, a paper announcement by Jingsheng Electromechanical (300316.SZ) re-invigorated the nerves of the LED automation equipment industry. The announcement shows that Jingsheng Electromechanical will invest RMB 138 million to acquire a 51% stake in Hangzhou Zhongwei Optoelectronics. The biggest reason is that Zhongwei Optoelectronics’ “Intelligent Manufacturing Solution†and Jingsheng Electromechanical “become based on the industrial 4.0 background†The concept of intelligent equipment and service providers is highly consistent.
Zhongwei Optoelectronics has a high reputation in the LED industry. This LED equipment company started from packaging single-machine automatic splitting and braiding equipment. Since 2009, it has captured the opportunity of lighting automation equipment and vigorously developed a fully automated production line for LED lighting. The business has fully covered the upper, middle and lower reaches of the LED industry chain. The concept of Industry 4.0 and China Manufacturing 2025 is to make Zhongwei Optoelectronics, which advocates “smart manufacturingâ€, become the “leader†of the automation equipment industry.
"In fact, the case of Jingsheng Electromechanical Co., Ltd. is a case of optoelectronics." The valuation of Zhongwei is not too high, but it is also an explanation for the efforts of Zhongwei Optoelectronics in these years. "The same is the general manager of a domestic equipment manufacturer." This evaluation of the merger case.
The packaging equipment has five core parts: solid crystal at the front end, wire bonding, dispensing and back-end beam splitting, braiding. In the traditional thinking, the equipment is better for foreign manufacturers, and after the rapid advancement of domestic enterprise technology in recent years, the gap between domestic equipment and equipment of international manufacturers is gradually narrowing.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in 2014, the number of new crystallizers was 2,500-3,000, the wire bonding machine was 3,500-4,500, the dispensing machine was 2000-2,500, and the optical splitting machine was 2,500. With a machine 1800-2000 units. GGII senior researcher Li Shengfa said that due to the decline in equipment prices and the current capacity expansion of the packaging industry is more cautious, except for listed companies and larger-scale enterprises, other small and medium-sized enterprises have less expansion.
The rapid growth of Hyun Shuo Optoelectronics is actually a microcosm of domestic equipment companies.
Another typical representative is Shenzhen Xinyichang Automation Equipment Co., Ltd. (hereinafter referred to as “Xinyichangâ€). Xinyichang began to enter the LED industry in 2005. At the beginning, it also looked up to AMD as a representative of international equipment manufacturers. Shipments began to increase steadily after 2010. “Starting in 2010, our equipment basically has more than 1,000 shipments per year.†Song Changning, general manager of Xinyichang, told reporters.
In fact, the days of domestic LED packaging equipment companies are not as moist as the surface. Although there are about 20% of gross profit, the billing period is the pain that all equipment manufacturers do not want to mention.
From 2011 to 2012, the recycling rules of the packaging equipment industry were broken. At present, at least half a year's account period has made some enterprises become passive, as if living in the crater, always alert the downstream customers' funds. Last year, Juliang photoelectric running road caused great vibration in the industry. The suppliers of Juliang Optoelectronics all complained, and some of them were directly affected by the equipment manufacturers.
At the beginning of April, a paper announcement by Jingsheng Electromechanical (300316.SZ) re-invigorated the nerves of the LED automation equipment industry. The announcement shows that Jingsheng Electromechanical will invest RMB 138 million to acquire a 51% stake in Hangzhou Zhongwei Optoelectronics. The biggest reason is that Zhongwei Optoelectronics’ “Intelligent Manufacturing Solution†and Jingsheng Electromechanical “become based on the industrial 4.0 background†The concept of intelligent equipment and service providers is highly consistent.
Zhongwei Optoelectronics has a high reputation in the LED industry. This LED equipment company started from packaging single-machine automatic splitting and braiding equipment. Since 2009, it has captured the opportunity of lighting automation equipment and vigorously developed a fully automated production line for LED lighting. The business has fully covered the upper, middle and lower reaches of the LED industry chain. The concept of Industry 4.0 and China Manufacturing 2025 is to make Zhongwei Optoelectronics, which advocates “smart manufacturingâ€, become the “leader†of the automation equipment industry.
"In fact, the case of Jingsheng Electromechanical Co., Ltd. is a case of optoelectronics." The valuation of Zhongwei is not too high, but it is also an explanation for the efforts of Zhongwei Optoelectronics in these years. "The same is the general manager of a domestic equipment manufacturer." This evaluation of the merger case.
The packaging equipment has five core parts: solid crystal at the front end, wire bonding, dispensing and back-end beam splitting, braiding. In the traditional thinking, the equipment is better for foreign manufacturers, and after the rapid advancement of domestic enterprise technology in recent years, the gap between domestic equipment and equipment of international manufacturers is gradually narrowing.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in 2014, the number of new crystallizers was 2,500-3,000, the wire bonding machine was 3,500-4,500, the dispensing machine was 2000-2,500, and the optical splitting machine was 2,500. With a machine 1800-2000 units. GGII senior researcher Li Shengfa said that due to the decline in equipment prices and the current capacity expansion of the packaging industry is more cautious, except for listed companies and larger-scale enterprises, other small and medium-sized enterprises have less expansion.
Hyun Shuo SMD-LED automatic beam splitter
The rapid growth of Hyun Shuo Optoelectronics is actually a microcosm of domestic equipment companies.
Another typical representative is Shenzhen Xinyichang Automation Equipment Co., Ltd. (hereinafter referred to as “Xinyichangâ€). Xinyichang began to enter the LED industry in 2005. At the beginning, it also looked up to AMD as a representative of international equipment manufacturers. Shipments began to increase steadily after 2010. “Starting in 2010, our equipment basically has more than 1,000 shipments per year.†Song Changning, general manager of Xinyichang, told reporters.
In fact, the days of domestic LED packaging equipment companies are not as moist as the surface. Although there are about 20% of gross profit, the billing period is the pain that all equipment manufacturers do not want to mention.
From 2011 to 2012, the recycling rules of the packaging equipment industry were broken. At present, at least half a year's account period has made some enterprises become passive, as if living in the crater, always alert the downstream customers' funds. Last year, Juliang photoelectric running road caused great vibration in the industry. The suppliers of Juliang Optoelectronics all complained, and some of them were directly affected by the equipment manufacturers.
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