Prime Minister "Green light" LED Industry "Patron" Central

Air pollution, noise pollution, light pollution, are a threat to human health in recent years, several major killer. Two sessions, Premier Li Keqiang in the "Government Work Report" lists a number of specific measures in the field of energy and environmental transformation of the industry, I believe that this shows that the Chinese government's determination to control pollution in general, but also government attaches importance to balanced economic development model , restructuring determination. We can see that China will further reform to achieve more focused, more green economic growth, to pollution war.

The LED as a new green energy industry, but also naturally more attention. Moreover, in recent years, from the effectiveness of local governments to promote the LED industry, such as road lighting retrofits, energy management contract obtained by other measures, but also for the vigorous development of China's LED undertakings providing strong evidence.

In terms of pollution, such as toxic and hazardous substances or elements, LED lighting than traditional lighting products have great advantages. Environmentally friendly energy-saving lamps use a period of 10 years, LED lights use for a period of 30 years of environmental protection, LED lights use for a period of three times the energy-saving lamps, pollution of the environment is also smaller, is the choice of green lighting. LED lights in energy saving effect is obvious, with respect to the energy-saving lamps have better energy utilization results. The longer illumination time, the more obvious energy saving effect.

LED Lighting The Way forward Both Opportunities And Challenges

LED lighting

Since 2013, LED lighting market crowded into the era of war, whether a veteran lighting companies or start-ups, are aimed at sharpening LED this big cake, a variety of means to snatch market are endless, which, price war undoubtedly one of the most effective and most respected strategy, and the price war not only in online trading, trading under the line of more flooding.

But thinking, LED lighting products is expected to implement the price back. From the cost side, with the chip, package and other technologies mature, natural product prices will lead to more close to the people; From a consumer perspective, LED lamps prices, especially in the first two years, the price of LED lamps is indeed too high, Let discouraged many buyers, leading the LED lighting market, "new and not busy" embarrassing situation, even the producers PAK forest on a rock in the summit also bluntly that they will not be willing to spend so "expensive" to buy a lamp lamps. Facts have proved that even the best products, high above the consumer price is also difficult to accept, so the price of LED lighting products also meet the actual market situation.

Many industry insiders predict that the price war or even the next few years will continue in 2014, which is the market advantage and eliminating the inferior and shuffling necessary process. Price war irrespective of right or wrong, moderately good, the short term may reduce corporate profits, but for the promotion of consumption and stimulate consumers to buy is indeed recipe. And as long as companies do their own position, from a technical and quality control and improvement, to develop a cheap, cost-effective products, enriched soft power and hard power, worry that the market is not favored.

LED Export Situation Is Becoming More Complicated

LED lighting

Overall, in 2014 China's foreign trade situation, both factors of production costs continue to rise, as well as the weakening of the traditional comparative advantage "WTO dividend" tends to subside and other more serious side, there are also constantly improve the level of trade facilitation, cross-border e-commerce the rapid development of new trade patterns and the state has adopted a series of policies and measures to promote the development of foreign trade and other positive side.

LED lighting favorable policies continue. In recent years, phase out incandescent lamps, coupled with a huge government subsidies for export of energy-saving lamps, LED lamps based industry companies, the market is a tremendous positive. After 30 years of development, China's LED industry has experienced buying the device, to buy chips, buy a wafer after the road has been achieved production of epitaxial wafers and chips, initially formed a relatively complete industrial chain, has become the world's major purchase LED products ground. With the expanding global LED outreach, China's LED lighting exports will face unprecedented opportunities.

LED lighting market penetration will be increased dramatically. According to global market research firm estimates that in 2014 the output value of LED lighting market $ 35.3 billion, an increase of 47.8% compared with 2013, 2014, LED lighting penetration rate will increase to 32.7%; And, in the past in the LED lighting market, because prices are Higher reason, the civilian market penetration has been low, and as LED lighting technology to improve and change their prices continue to move to the sweet spot. According to foreign UBS Securities noted that in 2014 the global LED lighting demand will surge 60%, with the largest increase household lighting, next year will be greatly increased 9 percent, well above the 37% and 57% of industrial commercial, where the application the most widely used light bulb and lamp penetration rates of 20% and 15%, a huge high-profile LED lighting market prospects civilian space.

Emerging markets LED lighting needs warming. According CPbay comprehensive data show that, due to vigorously promote environmental awareness and government, LED lighting penetration in the rapidly emerging markets such as Russia, India, Southeast Asia, Middle East, Africa and other countries or regions due to the high heat of infrastructure investment for LED lighting products demand showed a clear upward trend, or will become in 2014 the global LED market is another bright spot. In addition, China and ASEAN countries have bilateral trade agreements, exports to these countries to enjoy lower tariffs LED products even zero tariffs; especially the Russian demand for LED lighting is also very large, less its local LED enterprises, enterprise scale much technology is relatively backward, the demand for LED lighting is also larger.

LED TBT become the biggest obstacle. Europe and America as the world's major LED application base, LED standards, has been ahead of other countries and regions, technical and safety standards has been high demand in Europe and America, Japan and other developed countries as trade protection measures frequently used. Them through the development of technical regulations, safety standards and other ways to set up a demanding commodities market access conditions, has become the biggest obstacle to our LED lighting products of foreign exports.

Increase the risk of trade friction and other intellectual property disputes. In recent years, despite significant growth in the number of patent applications LED China mainland, but the position in the global LED pattern of intellectual property has not been fundamentally improved. Instead, the homogenization of competition caused by the LED intellectual property issues are intensified, industry dominance missing a growing problem, also increasing the risk of trade friction. Meanwhile, as China's rapid increase LED lamps exported annually exports between the increasingly intensified price competition in the industry is bound to take on China's LED products anti-dumping, countervailing and other trade sanctions after international markets become saturated, will increase trade friction risk.

Export Prospects Bright LED Lighting Industry Preoccupied Immature

LED lamp

2014 China's foreign trade situation, both factors of production costs continue to rise, as well as the weakening of the traditional comparative advantage "WTO dividend" tends to subside and other more serious side, there are also constantly improve the level of trade facilitation, the rapid development of cross-border e-commerce and other new trade the state has adopted a series of policies and measures to promote the development of foreign trade and other positive side. Therefore, the combination of the status quo of China's LED industry development, comprehensive judgments, our 2014 LED lamps export trade situation facing slightly better, both favorable factors, there are also disadvantages.

6 Highlights · Tenth Guangzhou Pazhou Colorful LED Exhibition Opening on The 23rd

 LED exhibition

February Guangzhou , Some Like It Hot , much concern to the industry 's largestLED & LED lighting industry event - the 10th Guangzhou LED (LED CHINA) exhibition was held on June 23 at the Pazhou Complex, Area B in Guangzhou . The exhibition is sponsored by UBM Trust Services Limited organized more than 1,800 exhibitors dressed appearance . South City ( second-hand housing prices apartment rental ) network as the official media partner invited to participate.

"Guangzhou International LED Exhibition" began in 2005 , is the world's first set of LED lighting , LED display, LED advertising light , LED packaging , LED chips and LED equipment as one of the industrial chain business procurement platform ; After nine years of international promotion and brand accumulation , has developed into the world's most important event in the LED industry , LED industry has been hailed as an important industry trends "benchmark ."

The 10th Guangzhou LED exhibition features eight large exhibition hall five major global advertising sign industry "Oscar ( second-hand housing prices apartment rent ) ," an annual event - Twelfth Guangzhou International Exhibition advertising logo located on the third floor hall , Juhui top quality resources for industry insiders to provide the most professional business platform and broad development opportunities. Furthermore , how will the field of LED and LED lighting industry technology exchange forum for exhibitors custom theme product seminars , held at the same new conference .

Carry out the first day of the show , the scene localities. This exhibition highlights six major concern :


1 1800 exhibitors , including LED lights, solar LED lights , fluorescent lights, decorative lights and other indoor and outdoor LED lighting solutions provider of new and dressed appearance .

2 Show the global supply and demand docking, one-stop shopping on the meet , middle and downstream LED industry needs . Since the beginning of the show the breeze , not targeted investment in the LED industry chain, so participating businesses in the industrial chain uniform layout for the industry to provide a multidimensional choice.

3 LED digital technologies to accelerate the pace of business . 30 Several exhibitors demonstrated their LED digital technology solutions in the large-screen display technology , three-dimensional touch technology , even snapshot technology , equatorial latitude distribution technology , automatic brightness adjustment technology and other fields ( second-hand housing prices apartment rent ) are experienced performance.

4 Customization service to become the new demands of the LED industry chain. Because buyers Guangzhou LED Fair globalization , the power of the individual needs of the business continue to highlight the negotiations , the first in the customization aspect of the layout of the exhibitors get more opportunities.

5 The new conference and bright . By the 2014 Consumer Electronics Show (CES) stimulation, new conference in LED display technology industry booming , more support for ultra wide variety of APP application system technology has become a wonderful spectacle ; addition, the LED industry chain upstream end products favored by overseas exhibitors .

6 Exhibitors visitors highs , overseas exhibitors and exhibition concept very active person . As at 13:00 on the 23rd , visiting the exhibition visitors has exceeded 30,000 , the exhibition is expected to attract nearly 100,000 people participated , LED manufacturers and industry from the United States , Turkey, Japan, Brazil and other countries to come to the show.

2013 Guangdong LED Output Value Increased Three Percent Corporate Income Does Not Increase Profits Probably Will Continue

LED lighting

After experiencing the 2011 to 2012 market downturn, overcapacity , the domestic LED market ushered in the turning point in 2013 , the industry pick up signs of obvious.

City of Guangdong, for example with LED . According to Guangdong Semiconductor Lighting Industry Joint Innovation Center on Feb. 28 released a report in 2013 in Guangdong LED industry output value of 281.1 billion yuan , an increase of three percent . Shenzhen LED output value of which exceeded 100 billion mark for the first time , ranking first in Guangdong Province.

" On the one hand technological advances resulting in lower prices of LED lighting products , thus contributing to improve market acceptance ; hand began to promote public lighting , indoor lighting market gradually opened , and the increase in demand for backlighting , prompting higher demand real ." The center responsible said .

According to director of the Joint Innovation Center of Guangdong Province semiconductor lighting industry , Shenzhen LED Industry Association president Sui Sai Wing introduced Guangdong LED street reconstruction project will wrap up by the end of this year , the future of the province will shift to indoor lighting market , and public indoor lighting will be the first start .

Data show that in 2009 only 39 billion yuan output value of Guangdong LED , four years sevenfold . Sui Shirong said 2013 LED output value of 281.1 billion yuan in Guangdong , an increase of 29.52% over the previous year , in the province of the eight strategic emerging industries, the output value ranked second , the growth rate of the first .

From the point of view of market segments , LED lighting lamps , accessories and packaging materials class device class to occupy the top three , respectively, accounting for 19.76% , 19.33% and 15.07% . Notably , LED chip wafer Guangdong is still weak , the output value of only 1.159 billion yuan .

LED market rebound largely due to public lighting renovation project propulsion and landing. Guangdong province last year tender LED lights and tunnel lights totaling 991,300 , of which a total of nine cities in the Pearl River Delta tenders 808,600 , accounting for 81.57 percent of the province the number of tenders .

In addition to the LED market in Guangdong , Guangdong enterprises have obvious advantages. "Last year, the National Development and Reform Commission 1 billion yuan project bidding and tendering of 2 billion yuan , Shanxi , Guangdong enterprises bid up to eighty percent ." Sui Shirong said .

Terms of the number of listed companies , according to statistics , 25 listed companies in Guangdong LED , with a total market capitalization exceeded one hundred billion yuan

In addition, Guangdong LED industry leader is also reflected in the patent application . As of the fourth quarter of last year , the province's total LED-related patent applications 50,061 , accounting for 26.63% of the national total LED patent applications.

Exports, exports of Guangdong LED related products totaled 68.804 billion yuan , and showed increasing trend by quarter , the fourth quarter in which exports 21.81 billion yuan , accounting for 31.7 % of the total year-round . The main exporters are still Asia, North America and Europe. In this regard , the aforementioned sources, LED continuous improvement in Europe under the access threshold , the growth of Guangdong LED indicates its main export product quality is improving .

Up to now , the PRD has been basically completed nine cities street reconstruction task , "Pearl River Delta region of LED lights bidding completed, the remaining work is expected to be completed in May this year ." Sui Shirong said . This means that the two-year implementation of Guangdong LED public lighting scheme into the closing stages , the LED application market by taking over the leading role of indoor lighting .

According to reports, the Guangdong indoor lighting retrofits will be in full swing this year , and the use of contract energy management, lead in promoting public indoor lighting from the Pearl River Delta region.

But several insiders told the "Daily Economic News" reporter said , LED market continues to improve not only in hopes of Public Works, the civilian market is a real force in the future .

This trend is emerging . According to the Shenzhen LED Industry Association latest survey , Shenzhen, home improvement market share of the entire lighting LED lighting market share has risen to 30%. I do not want to be named , said insiders , the future market competition will become more intense, the reshuffle is inevitable , many LED companies income increased profits without fear of embarrassment will continue.

Electronic Components Industry:Sustained Attention LED And Sapphire

Recent Industry

MWC quiet ending, the recent focus of the consumer electronics industry focused on sapphire with LED, smart phone supply chain is relatively weak.

Comment

LED lamp prices have reached the beginning of indoor lighting can significantly enhance penetration : We research found that the domestic market packaged LED lamp beads price , can already do price of 0.8 yuan a watt , LED chips are used abroad about a tile one yuan .

Basically, bulb manufacturers have reached the expected price band, now the main terminal is waiting for the second half of the subsidy policy ground, then the time point to the heavy volume of domestic LED lighting market will come. In the first half of the whole industry with high certainty , is to look at the second half of June, overseas and domestic terminal inventory LED bulb subsidies. Upstream chip plant and downstream channels share price after the early rise more recent pullback , recommendations concern: Sanan Optoelectronics ( market share it traded points ) , BDO Runda ( market share it traded points ) , the sun lighting ( market share it traded points ) , Foshan Lighting ( market share it traded points ) , Hongli Opto-electronic ( market share it traded points ) .

Sapphire Price succession price : LED lighting demand poised to take off , and Apple will expand the use of the new bullish on the second half , the market is particularly concerned about the sapphire industry . Sapphire substrate plant in the first quarter of the price hike after successfully patterned sapphire substrate (PSS) prices will also begin in the second quarter to PSS substrate , the supply and demand gap is quite large, has a major plant orders 2 times capacity The actual gap of 2 to 3 percent. Recent market for sapphire cover on iPhone6 ​​expected more pragmatic, but favorable results related to ethnic visibility for next year. Sapphire stocks include : Tiantonggufen ( market share it traded points ) , East Crystal Electronic ( market share it traded points ) , Han's Laser ( market share it traded points ) , Jing Sheng Electrical ( market share it traded points ) , Crystal Optical ( market share it traded points ) .

Valuation And Recommendation

This week the market adjustment of 2.72% ~ 3.77% , the electronic sector fell by only 1.12% , outperforming the broader market .

As of February 28, 2014 , electronic plate overall earnings (TTM_ whole law excluding negative ) dropped to 45.87x. Sub-sectors , the touch screen is more resilient , down 1.40 percent , security , LED, sapphire fell 8.49 percent , respectively , 7.06% , 5.51 %. The MWC smartphones and wearable devices new one after another , the scarcity of spare parts ( metal chassis, fingerprint recognition ) will continue to benefit from industry leading manufacturers . New energy vehicles ( market area ) outbreak driven by concern automotive electronics stocks , short-term memory at up space. March is about to enter intensive release of the annual report , we recommend investors growing selection of high uncertainty stocks possessed margin of safety , such as security leading manufacturers .

Risk

Downside risk in the first quarter : 1 ) prepare shipments of apples and apple terminal industry chain does not match the actual shipments ; 2) LED decline in value too quickly. Upside risks: iPhone went on sale after the move , the demand is higher than expected.