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Macro Optoelectronic Co., Limited

Tel:0086-755-2321 2809

Fax:0086-755-3693 6875

Add:H1 Building, Hongfa Hi-Tech Park, Tangtou, Shiyan Town, Baoan District, Shenzhen, China

"Energy-saving technology, lights up the world", one of the leading enterprises in LED industry, Ningbo Andy Optoelectronic can not even save itself from bankruptcy, let alone light up the world as its slogan.
Lu Weiqiang, general manager of Guangzhou Shuaiyang lighting, said that the LED market capacity is from 120 billion to 150 billion yuan (same below), but production capacity has more than 500 billion with serious excess capacity. "People in LED industry in China can heard the news of the LED business failures everyday, The areas include Shenzhen, Guangzhou, Dongguan, Foshan, Jiangmen, everywhere.

Andy photoelectric with registered capital of $10.98 million USD. At present, the LED industry is mainly divided into the upper streams of the LED chip manufacturing, LED packaging in midstream and downstream of LED applications, Andy photoelectric mainly engaged in LED packaging and application of lighting in the area, the annual output of about 100~200 miillion RMB.

It is said that the founder of Andy Optoelectronic Yan Weifeng, including Andy photoelectric and his other enterprises, has defaulted on payment of more than 300 million RMB.

Before Andy photoelectric, the so called  China's largest Sino-foreign joint venture, Foshan Xu Rui Optoelectronics has announced its shutdown; self-proclaimed "one of the five finalists in LED display industry in consecutive two years, Shenzhen Vision Electronics Co., Ltd. has also come to the end. The corporate representative and chief shareholder Xing Yi disappeared.

It is estimated that there are around 8,000 LED companies in mainland China. Most of them are middle and small business and in scattered state.  On one side is the serious excess capacity; on the other side, it needs 3 to 6 months to develop new LED products. Those middle and small business can not afford the funds and core technology.

"It is not exaggerated to say 40% of LED packaging companies may have to close down while the half of companies in LED applications will go bankrupt in 2012 "" Lu said. .