The lighting market has broad prospects. No one wants to give up easily. However, the development of LED lighting has found that this piece of meat is not so good. This time, Ai Biesin decided to stop the LED lighting business in order to stop the loss. Abbison announced on the evening of May 18 that the company's board of directors reviewed and approved the “Proposal on Terminating and Adjusting Part of the Fundraising Project and Permanently Replenishing the Funds Raised by Related Funds†and decided to stop the existing LED lighting business. At the same time, it decided to terminate the LED lighting product construction project and adjust the LED technology R&D center construction project, and the total raised funds of the above two fundraising projects totaled 4,742,300 yuan for permanent replenishment of working capital. The LED lighting business is not profitable and decided to terminate the investment. For the reason of terminating the LED lighting project, Abbyson said that LED lighting is a hot spot in the market. Due to the lack of high technology and capital threshold, a large number of enterprises and funds are beginning to enter this field. In recent years, the industry's production capacity has expanded rapidly, and product prices have continued to fall. Except for a few companies with brands, technologies and channels, most companies mainly rely on price means to compete. The gross profit margin of the industry is generally low. Abbyson has already entered the field of LED lighting as early as 2010. After nearly five years of hard work, although the LED lighting business has a certain growth, the overall growth is slow. The sales revenue from 2012 to 2014 was 32.127 million yuan, 39.53 million yuan and 4,206.0 million yuan respectively, while the gross profit margin continued to decrease during the same period. From 2012 to 2014, it was 20.21, 11.61 and 5.22 respectively. In the first quarter of 2015, LED lighting products were only ordered. About 6.4 million yuan. Since the company entered the LED lighting business, it has not only not made a profit, but also has a certain degree of loss every year. From the perspective of market competition and the company's resource capacity, the short-term still cannot change the status quo. Therefore, if you continue to invest in the LED lighting business, it will only drag down the main business and harm the interests of the company and shareholders. In order to improve the efficiency of the use of raised funds, and promote the company's operations and maximize the interests of shareholders, after careful study, the company decided to terminate the LED lighting product construction project. Abbyson said that at present, LED lighting business accounts for a small proportion of the company's business, the company's main income and profit sources are in the LED display business, and from the current development of the LED display industry, LED display There is still a lot of room for growth in the screen business. Ending the LED lighting product construction project and using the remaining raised funds for the development of the LED display business of the main business, so that the company concentrates on the main business, which is not only conducive to the development of the main business, but also helps to improve the efficiency of the use of raised funds. Maximizing the interests of shareholders will not adversely affect the company's production and operation. LED technology research and development no longer includes lighting categories According to the original plan of the project, LED technology R & D center project will focus on EMC technology, portable LED display production technology, LED display reliability technology, LED display energy-saving technology, automatic heating and cooling The research and development of the LED indoor lighting system, the tunable LED plant growth lamp and the portable solar LED street lamp were carried out separately. According to the plan of the "feasibility study report" at that time, the equipment related to the research and development of LED lighting products was intended to be invested. 157.576 million yuan. In view of the company's decision to stop the LED lighting business, and intend to terminate the LED lighting product construction project, the technology research and development center will no longer carry out cold and warm color automatic control LED indoor lighting system, tunable LED plant growth lamp, portable solar LED street lamp and other LED lighting The research and development investment in product related aspects, so the LED technology research and development center construction project will be adjusted accordingly, no longer purchase related equipment.
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