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In Contrast The Unit Price Of 10,000 Street Lights Is Much Higher Than The Market Average

By: DeRun   Views:4834   Date: 06/17-2013

In contrast, the unit price of 10,000 street lights is much higher than the market average. In 2011 at a unit price of 23 yuan / watt to count, Wuhu 46 yuan / watt order execution price exceeds the average market price times Quanzhou Anxi 62 yuan / watt order price exceeds the average market price of 1.5 times; 2012 to count, according to the average market price of 15 yuan / watt Sanan Optoelectronics Quanzhou Anxi street lamps order price exceeds the average market price more than three times, even by Cinda photoelectric up to 19 yuan / watt quotes to count, the two government procurement of the street is also super offer 226%.

Sanan Optoelectronics were not disclosed until the breakdown of the disclosure of LED lights in the 2012 semi-annual and annual reports, the main revenue and gross margin. Sanan Optoelectronics insiders say, street gross profit margin is too high, in order to avoid unnecessary trouble, so faded.

Examine the situation of of Sanan Optoelectronics street execution of orders, these large street lamp procurement contracts signed with local governments, in addition to the Huainan City and Rural Construction Committee (hereinafter referred to as the implementation of the orders of Huainan City Construction Committee “) street is better, other orders may there is the difficult problem of execution of the contract (Table 2).

Sanan Optoelectronics 26.5 million led street lights orders, some orders may be empty promises.

As of 2011, the Construction Committee for two years lived in Wuhu purchase a total of LED street lights 3.7 billion, which means, if you want to fulfill 3 of 6 billion procurement contracts (Table 1), at least in 2012 to complete the 2.3 million street lights procurement. But disclosed in the 2012 Annual Report, Wuhu lived Construction Committee did not enter the top five customers of the three safety optoelectronics, and the fifth largest customers contributed operating income of $ 1.54 billion.

Reporters from Wuhu street procurement related to informed sources informed that the 2012 procurement Sanan Optoelectronics street less BDO Runda and asked the day quantum street lights. Sanan Optoelectronics publicly available information also shows that the first half of 2012, the Wuhu Municipal Construction Committee live only purchased less than 38 million yuan of the street.

LED lights procurement contracts signed Sanan Optoelectronics Quanzhou Anxi, also have similar annual purchase requirement. Quanzhou Anxi street light procurement contract implementation period of four years, 2011-2014, for each of the two places should purchase 163 million yuan and 2.37 billion yuan.

The contract shows that the total purchases of 9.5 million street lights orders Anxi four years. At the end of 2012, Anxi State-owned Assets Investment Co., Ltd. (hereinafter referred to as “Anxi SDIC) total purchases of 4.35 billion.

Anxi News reported that, the Anxi Total street lights and landscape lights nearly 20,000. The aforementioned the Shun contract energy officials, who said to correspondents, as of the end of 2012, AnxiCounty has completed the replacement and installation of all 24,000 city street lights and landscape lights.

If the the Anxi news reports are true, Anxi SDIC has been executed a contract of 435 million yuan, the highest price of 12,400 yuan per lamp, purchased 35,000 street lights, far more than the actual installation of street lights and landscape lights in Anxi needs.

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