CE approved input 220V output AC24V CCTV power distribution unit led transformer power supply box
Features:
Soft starting current, effectively reduce the impact of AC input, independent short-circuit protection and surge protection, resume automatically after clearing of fault, EMI filter, minimum ripple, 100% load test, quality guarantee, high efficiency, low T-rise, continuous duty.
Individual LED Power Indication:
Input with a switch, LED indicators lighten when the power supply operates normally.
Individual PTC Output Protection:
each output contains independent PTC, LED indicator, which is not interfere with each other.
Application:
Product Images:
Boxed Power Supply,Boxed Power Supply 24Vac,Cctv Boxed Power Supply, Boxed Power Supply Ups Dongguan Xiaoerduo Electronics Co., Ltd. , https://www.steadysmps.com
At the end of the year, a group of LED companies to be listed will speed up the submission of listing applications in order to catch up with the time of the statement audit. According to informed sources, if you enter the 2012 declaration, the data in the prospectus will be added to the latest content in the fourth quarter of 2011. The underwriters will have to change the prospectus again, which will make the work more difficult.
However, in 2011, the overall situation of the LED industry is not good. In the third and fourth quarters, the relevant data is generally poor. If it is dragged to next year, it will undoubtedly make it more difficult to succeed.
According to the plan, Changfang Semiconductor intends to publicly issue 27 million ordinary shares of RMB to the public, accounting for 25% of the total issued share capital. After deducting the issuance expenses, the fund will be mainly invested in the following projects: LED lighting source expansion project, with a total investment of 190,056,400 yuan; LED lighting and expansion project with a total investment of 65,217,700 yuan; LED lighting technology research and development center project The total investment is 30,031,100 yuan.
Main product lacks advantage
According to the disclosure of the rectangular semiconductor prospectus, the company's output of LED lighting source devices reached 3.797 billion in 2010, accounting for 2.84% of the total output of domestic LED packaging. The output value of the LED lighting package in the elderly in 2010 was 2.5072 billion, accounting for 1% of the domestic LED package production value. According to this calculation, the average price of the LED lighting source device of the rectangular semiconductor is less than half of the average price of the industry. It is obvious that the products of the rectangular semiconductor are mainly low-end. From the perspective of market competition, the biggest competitor of Changfang Semiconductor is Mulinsen. In 2010, the average unit price of rectangular semiconductor in-line LED lighting source was RMB 62/K, while that of Mulinsen's in-line white light was 91 yuan/K. However, from January to June 2011, the gross profit margin of rectangular semiconductor LEDs was as high as 23.71% (this data is much higher than the gross profit margin of similar companies).
From January to June 2011, rectangular semiconductor in-line LEDs accounted for 63.76% of the output value. According to the reporter, in the field of lighting applications, in-line LEDs are mainly used in lighting or low-end lighting products. The overall product structure of the square semiconductor is relatively low-end.
In terms of LED lighting applications, the company's LED lighting output accounted for only 4.9% from January to June 2011, and it has not yet formed an advantage.
The prospectus is self-made "Oolong"
What surprised the reporter even more is that in the rectangular semiconductor prospectus, there is a place where the self-formed Oolong appears: the prospectus disclosed that the global LED output value in 2009 was 7.015 billion US dollars, according to December 2009, the US dollar was 6.8282 yuan. The calculation of the RMB exchange rate is equivalent to RMB 47.9 billion. In 2009, China accounted for 11% of the global distribution of LED packaging, so China's LED packaging output value in 2009 = 479 * 11% = 5.286 billion yuan.
On the 79th page of the prospectus, it is mentioned that the output value of China's LED packaging in 2009 reached 20.4 billion yuan, about 4 times that of 5,268.9 million, which is far from the above figures.
Financial situation is a big worry
At the same time, the reporter also found that the company also has a large risk in terms of product gross margin, accounts receivable and inventory balance.
According to the prospectus, Changming Semiconductor's comprehensive gross profit margin for 2008-2010 was 25.55%, 31.13%, and 26.11%, of which the in-line LED gross margin was 26.24%, 30.37%, and 24.93%, respectively. According to the statistics of the High-tech LED Industry Research Institute, the average gross profit margin of LED packaging in 2008-2010 was 45%, 38%, and 32%, respectively, which was significantly lower than the industry level.
In addition, the company's accounts receivable also has a rising risk. In 2009-2010, the balance of accounts receivable of the company was 16.9322 million yuan and 80.74 million yuan respectively. The year-on-year growth was as high as 376.87%. Compared with listed companies such as Ruifeng Optoelectronics and Hongli Optoelectronics, the company's accounts receivable has the highest proportion of accounts receivable. The sharp rise in accounts receivable means that the company’s risk of bad debts has gradually increased.
At the same time, the company's inventory also showed a substantial growth. In 2009-2010, the company's inventory balance increased by 372.82% year-on-year. The Gaogong LED Industry Research Institute predicts that due to the influence of the industry, the company's inventory may continue to increase, and the provision for price declines will surge, and the company's cash flow will further tighten. As of the end of June 2011, the company's asset-liability ratio has reached 63.66%, the current ratio is 1.16, and the quick ratio is 0.93. The two are measures of the ability of enterprises to repay short-term debt. In combination, the company's liquidity is relatively high. Poor level. 
[High- tech LED report] On December 12, the GEM Board issued an announcement, and it is scheduled to conduct an IPO application review for Shenzhen Changfang Semiconductor Lighting Co., Ltd. on December 16.