The number and share of national LED lighting subsidies determine the strength of large enterprises to benefit

The number and share of national LED lighting subsidies have been determined
On September 26, the first round of national LED lighting subsidy results were announced. Some securities institutions estimated that the total amount of this round of bidding was about 2 billion yuan, and the subsidy rate was about 30% of the winning bid price. According to the statistics of Gaogong LED, this book A total of 39 sub-winning enterprises, the total number of successful LED lighting products totaled 8.73 million. Among them, the number of indoor lighting reached 7.85 million, accounting for nearly 90% of the total promotion. ( Click to view: 2012 Financial Subsidy to Promote LED Lighting Products Winning Enterprise Situation Table) The High-Tech LED Industry Research Institute (GLII) believes that it is mainly due to the elimination of the incandescent lamp policy.

The first successful bidders were Qinshang Optoelectronics and Langbo Optoelectronics. The total number of successful bids was 470,000, accounting for 5.4%. In the follow-up LED energy-saving renovation project, the winning bidder will apply for subsidies with the number of winning bids as the upper limit.

Local projects are expected to follow up quickly, Q4 is expected to enter the tender period
On May 28th, Guangdong Province proposed that the LED industry will achieve an annual output value of more than 500 billion yuan at the end of the “Twelfth Five-Year Plan” period, and will promote LED lighting into the performance evaluation indicators for energy conservation and emission reduction. Sources of funds include: from the electricity rate of 1.4 points / kWh, the city construction surcharges extracted 0.3 points / kWh, equivalent to allocate more than 6 billion yuan of funds, and then supporting strategic emerging industry special funds. At present, a number of projects in Guangdong Province have entered the final stage of preparation. It is expected that the fourth quarter of this year will enter the intensive period of local project bidding, and LED enterprises in Guangdong Province will benefit the most.

At the beginning of the model exploration, companies with strong financial strength are more competitive.
Local government LED energy-saving renovation projects mainly include EMC and BT models. At present, BT is the mainstay. EMC is still in the mode exploration stage due to the problems of measurement, payment and coordination of local interests. In the context of tight local finances, both EMC and BT need different levels of capital, and companies with sufficient funds (such as over-raised funds) or credit facilities are more capable of grabbing orders.

Powerful mainland LED chips and packaging applications companies benefit most
It is expected that in the short term, outdoor LED lighting chips will be dominated by European and American chips, and indoor lighting will be dominated by Taiwanese and mainland chips. In 2013, mainland chips are expected to cut into outdoor lighting.

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