Mr. Wu said that since the beginning of this year, due to the downturn in the lighting market, the LED driver power industry is extremely competitive. In the first half of 2012, although Xinruite's revenue increased by more than 50% year-on-year, corporate profits did not increase with revenue growth, and the price decline was the main reason.
Xinruite has a total of more than 220 employees, of which more than 60 R&D personnel, accounting for nearly 30%. However, what worries Wu is that the investment in research and development is difficult to recover. Even so, Mr. Wu said that the annual R&D expenditure cannot be reduced because it is a necessary condition for maintaining the company's continued competitiveness.
“Technology innovation is the only way for enterprises to maintain sustainable competitiveness.†Wu said, “Chinese LED driver power companies lack real patent technology. The patents applied are only patents for appearance or patents applied. This is also easy for foreign companies to fight. The reason for entering the Chinese market."
GLII believes that:
Innovation is a necessary condition for the sustainable development of enterprises. Quality is the basic requirement for long-term development of enterprises, and price is a non-negligible factor in the popularization of LED lighting. Therefore, in the process of technological innovation, enterprises must take into account the price factor under the premise of ensuring quality. Otherwise, the so-called technological innovation will have no meaning.
Xinruite introduction:
Shenzhen Xinruite Technology Co., Ltd. was established in 2005, the main products include LED fluorescent lamps, bulbs, downlights, street lamps and display power supplies. At present, more than 80% of the products are exported to Europe, America, Japan, Australia and Southeast Asia. Xinruite is the main undertaking unit of the “12th Five-Year Plan†863 Project of the Ministry of Science and Technology of the People's Republic of China. It has obtained 20 national invention patents and 32 utility model patents. Product positioning in the high-end, excellent technical strength makes its products have strong competitiveness in the market.
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