Regarding the current overcapacity problem, Zhu Baoliang, director of the Economic Forecasting Department of the National Information Center, said: “We must eliminate a batch, get out of the batch, and merge a batch.†It is generally believed that there are four main ways to resolve overcapacity: Demand growth; second, relying on market mechanisms; third, implementing mergers and acquisitions; fourth, implementing restrictions on the development of overcapacity industries, improving their industry entry barriers, and eliminating backward production capacity.
In the LED industry, the current solution, the most typical and obvious is the vigorous implementation of mergers and acquisitions.
Faced with the economic environment in which the traditional manufacturing industry is developing and the competition is weak and overcapacity, major LED companies are beginning to seek a breakthrough, or as a good opportunity for enterprise integration, and accelerate mergers and acquisitions in a chaotic and complicated pattern. Reorganize to further expand its strength.
In the past two years, investment M&A cases that have occurred in LED companies have been very hot. In the first three quarters of this year alone, there have been more than 30 M&A cases in the LED industry, and the amount involved has exceeded 30 billion. According to reports, some listed company executives and several fund managers believe that the current round of industry mergers and acquisitions integration tide is different from the capacity expansion in previous years. This round of mergers and acquisitions is relatively rational, the leading force is the leading enterprises in the industry, and the differentiated competition situation Obviously, the industry will enter the "post-competition era." This fully shows that the LED industry will emerge in the future with a group of powerful giants with strong competitive strength. The whole industry is gradually getting rid of the pattern of “overcapacityâ€, “not competitive overall†and “price war is fierceâ€. .
In addition, technological innovation is also seen as an important way for companies to solve overcapacity. Some analysts believe that as the total number of young people in China will peak in the next few years, it means that the domestic industrial economy with the housing and car as the core or the peak, also means that the extensive growth of resource-based growth has been difficult to adapt to the economy. The requirements for development are replaced by the economic form of fighting capital and spelling technology.
It is reported that in China's most competitive home appliance industry, the core technology is controlled by the United States and Japan and South Korea; in the emerging LED field, Chinese companies are more fully controlled by Japan and South Korea; in the automotive field, the core technology is also controlled in the United States, Germany. In the hands of Japan and other countries. China's most advanced and proud aerospace industry actually lags behind the world's advanced decade. For Chinese manufacturing enterprises, in order to realize the transformation and breakthrough of the manufacturing industry, it is necessary to develop emerging industries and high-tech industries, and further master the core technologies of the industry.
In this process, technological innovation is also an important way and foundation for the development of the LED industry, and it is also an important breakthrough for enterprises to win business opportunities in the future. To some extent, a large part of the future competition is represented by competition in the technical field.
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