LEDs, that is, light-emitting diodes, have many advantages such as high luminous efficiency, fast starting speed, no pollution, and long service life compared with conventional light sources. Supporting the development of the LED industry has long been established as a national-level strategy. The government has successively formulated various projects such as the “863†plan, green lighting project, semiconductor lighting project, and “Ten Cities and Ten Thousand†semiconductor lighting application demonstration. After years of development, the industry has gradually matured, forming a complete industrial chain of LED chip preparation, LED epitaxial wafer production, LED device packaging and LED product application.
In the early stage, the domestic demand for LED lights was concentrated on hotel and commercial transformation, and policy support caused the competition in the industry to a certain extent. In 2013, the newly expanded chip manufacturing equipment in the upstream market was very limited, while the price of downstream products fell by nearly 20%. Shi Lei, a researcher at Founder Securities, said that controlling investment, price adjustment and industry consolidation have caused corporate pain to a certain extent, but it is conducive to promoting long-term development of the industry. "The prices of some products on the market have been reduced to about 5 yuan per watt, and they have civilian conditions."
According to the research of the High-tech LED Industry Research Institute, the total output value of China's lighting industry in 2013 was 263.8 billion yuan, of which the domestic market sales were slightly lower than the export value. According to China's 2012 roadmap for the phase-out of incandescent lamps, it is planned to ban the import and sale of ordinary lighting incandescent lamps of 15 watts and above on October 1, 2016. The market expansion potential brought by the stock market replacement is amazing. . Dou Linping, secretary-general of the China Lighting Society, predicts that in the next three to five years, the industry's output value is expected to exceed one trillion yuan.
Judging from the 2014 semi-annual report, the peak season is first transmitted to the upstream chip manufacturing and downstream sales leaders. Take the LED chip manufacturing company Sanan Optoelectronics as an example. In the first half of the year, the revenue reached 2.177 billion yuan, a year-on-year increase of 30.03%. The sales revenue of LED related products was about 2.028 billion yuan, up 40.68% year-on-year. At the same time, the company's large-scale production brought about a continuous decline in costs, which led to an accelerated increase in the gross profit margin of the chip business, reaching about 39%. "In the future, the company intends to continue to expand production equipment, accelerate market mergers and acquisitions, and scale benefits will be further highlighted." Ping An Securities [microblogging] electronics industry analyst Liu Yifeng said.
Of course, some companies may go out early and it is difficult to enjoy this bonus. Dou Linping believes that in the industrial chain of LED lights, the mid-stream packaging enterprises belong to the processing of incoming materials, and the entry threshold is relatively low. At present, nearly 2,000 enterprises have overcapacity, and may be shuffled in advance.
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