[High-tech LED reporter report] On February 9, 2012, Aisiqiang Europe Co., Ltd. (Frankfurt: AIXA; NASDAQ: AIXG), one of the global MOCVD equipment manufacturing giants, announced at the headquarters of Beijing Minsheng Bank China Minsheng Financial Leasing Co., Ltd. (MSFL) established a strategic alliance to jointly develop the MOCVD equipment financial leasing market in China.
Mr. Wang Feng, President of the Financial Leasing Division and Wolfgang Breme, Chief Financial Officer of Aisiqiang Co., Ltd. attended the signing ceremony and signed a memorandum of understanding.
According to the agreement signed by the two parties, Ai Siqiang provided MOCVD equipment to Chinese customers with the assistance of Minsheng Financial Leasing.
According to the reporter's understanding, the financial leasing model means that the equipment company has sold the equipment to the leasing company as a form of leasing to the customer, and has no relationship with the equipment supplier. This model mainly depends on the needs of customers. If the loan chain of customers in the bank is relatively tight, this model can be initiated, but the follow-up also depends on the risk assessment of the leasing company.
Founded in April 2008, China Minsheng Financial Leasing Co., Ltd. is one of the first five financial leasing companies with bank backgrounds approved by the China Banking Regulatory Commission (CBRC).
“By establishing a strategic alliance, Chinese LED manufacturers will enjoy the most ideal financial services when purchasing MOCVD equipment,†said Wang Rong. “In China, due to the temporary limitations of financial services, it is expected that this news will be Very positive response."
“The MOCVD equipment leasing business is a relatively new concept in China, and we are convinced that this concept will be widely recognized by LED manufacturers.†Mr. Wolfgang Bremer said in an interview with Gao Gong LED reporter. “Working with the largest and fastest growing leasing company in Asia is significant to us, which will enhance the financial flexibility of our clients.â€
In September last year, Aisi stressed that the 2011 financial forecast was lowered, with a drop of 33% to 20%, which is higher than the market estimate of 27%. At the same time, the estimated amount for subsequent machine orders has dropped from 220 million euros to 100 million euros.
Since Aixtron and Veeco account for 85 to 90% of the global MOCVD market, order changes are indicative of LED equipment demand.
“When a leading equipment manufacturer at the front end of the supply chain significantly reduces revenue expectations and order expectations, the entire industry needs to pay attention. The medium and long-term prospects for the LED market are still optimistic, but the continued economic turmoil and rapidly shrinking prices will allow Manufacturers in the LED supply chain are on thin ice.†A foreign institutional analyst expressed his concern about the short-term market prospects of upstream equipment manufacturers such as Ai Siqiang.
According to the reporter, the current market price of mainstream MOCVD equipment (55 pieces, 2 inches) is about 2.5 million US dollars. If you need to configure the entire LED epitaxial wafer production line, only about 5 million US dollars (about 35 million yuan) will be needed for the related equipment investment. It is not difficult to explain why Aisiqiang took the lead in trying to expand the market in the form of financial leasing in the global LED equipment market.
"In fact, this kind of cooperation is not a new model in the semiconductor industry. This model existed long ago. The leasing company also sees that the LED industry has such a hot demand, and the LED industry is currently at a low tide, and the stock market is sluggish. The client's capital chain is relatively tight, and it is not surprising to seek new ways of fund cooperation." A relevant domestic equipment manufacturer told reporters.
Mr. Wang Feng, President of the Financial Leasing Division and Wolfgang Breme, Chief Financial Officer of Aisiqiang Co., Ltd. attended the signing ceremony and signed a memorandum of understanding.
According to the agreement signed by the two parties, Ai Siqiang provided MOCVD equipment to Chinese customers with the assistance of Minsheng Financial Leasing.
According to the reporter's understanding, the financial leasing model means that the equipment company has sold the equipment to the leasing company as a form of leasing to the customer, and has no relationship with the equipment supplier. This model mainly depends on the needs of customers. If the loan chain of customers in the bank is relatively tight, this model can be initiated, but the follow-up also depends on the risk assessment of the leasing company.
Founded in April 2008, China Minsheng Financial Leasing Co., Ltd. is one of the first five financial leasing companies with bank backgrounds approved by the China Banking Regulatory Commission (CBRC).
“By establishing a strategic alliance, Chinese LED manufacturers will enjoy the most ideal financial services when purchasing MOCVD equipment,†said Wang Rong. “In China, due to the temporary limitations of financial services, it is expected that this news will be Very positive response."
“The MOCVD equipment leasing business is a relatively new concept in China, and we are convinced that this concept will be widely recognized by LED manufacturers.†Mr. Wolfgang Bremer said in an interview with Gao Gong LED reporter. “Working with the largest and fastest growing leasing company in Asia is significant to us, which will enhance the financial flexibility of our clients.â€
In September last year, Aisi stressed that the 2011 financial forecast was lowered, with a drop of 33% to 20%, which is higher than the market estimate of 27%. At the same time, the estimated amount for subsequent machine orders has dropped from 220 million euros to 100 million euros.
Since Aixtron and Veeco account for 85 to 90% of the global MOCVD market, order changes are indicative of LED equipment demand.
“When a leading equipment manufacturer at the front end of the supply chain significantly reduces revenue expectations and order expectations, the entire industry needs to pay attention. The medium and long-term prospects for the LED market are still optimistic, but the continued economic turmoil and rapidly shrinking prices will allow Manufacturers in the LED supply chain are on thin ice.†A foreign institutional analyst expressed his concern about the short-term market prospects of upstream equipment manufacturers such as Ai Siqiang.
According to the reporter, the current market price of mainstream MOCVD equipment (55 pieces, 2 inches) is about 2.5 million US dollars. If you need to configure the entire LED epitaxial wafer production line, only about 5 million US dollars (about 35 million yuan) will be needed for the related equipment investment. It is not difficult to explain why Aisiqiang took the lead in trying to expand the market in the form of financial leasing in the global LED equipment market.
"In fact, this kind of cooperation is not a new model in the semiconductor industry. This model existed long ago. The leasing company also sees that the LED industry has such a hot demand, and the LED industry is currently at a low tide, and the stock market is sluggish. The client's capital chain is relatively tight, and it is not surprising to seek new ways of fund cooperation." A relevant domestic equipment manufacturer told reporters.
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