The enlarging market scale of led high bay didn’t come as expected, rather affected by sharply decreased demand in Europe after European debt crisis, the increase rate of LED Lights industry has slowed down. The structural surplus of the whole industry has deteriorated the operating conditions for enterprises, and some of them have already shut down. If we analysis from individual cases, the major reason for the shutting down was certainly on the enterprise itself, the crisis only revealed their problem more quickly. Going against the general trend, some well-operated enterprises survived in the difficult conditions. For most enterprises, they have to depend on cash flow and multi-channel financing to get through the depression.