LED industry form is good, National star builds integrated industrial chain

Benefiting from the growth of downstream LED lighting application demand, LED industry in various fields have shown a good growth momentum. Guoxing Optoelectronics, which specializes in LED packaging, revealed to reporters that the company has formulated and implemented a production expansion plan for the first half of 2014 and will gradually build a vertically integrated industrial chain. With the gradual maturity of domestic LED technology, domestic chips have been more and more recognized by domestic packaging enterprises. Since the middle of 2013, the downstream lighting market has begun to recover, and the demand is strong, which has driven the recovery of chip packaging in the upper and middle reaches. Packaging has already felt this trend. In particular, white light devices for lighting were in short supply in the second half of 2013. Indoor lighting, commercial lighting, the replacement speed of chip localization is very fast. Li Guoping, chairman of Hongli Optoelectronics, said that before year 34, 80 of the chips were purchased from Taiwan or foreign brands, and now 90 have begun to purchase domestic chips. Thanks to the recovery of the packaging market, Guoxing Optoelectronics realized operating income of 11. In 2013. 4. 2 billion yuan, an increase of 20 compared with the same period last year. 51, net profit attributable to shareholders of listed companies is 1. 1. 3 billion yuan, up 187 from the same period last year. 23. The gross profit margin of Guoxing Optoelectronics is also relatively stable, and the comprehensive gross profit margin has always remained at around 25. On 8th day of last month, when Morgan Stanley, China Resources Yuanda fund, Jinyuan Securities, China Merchants Fund, Beijing shengshijing investment, Huatai Securities, Qilu securities and other institutions conducted research on Guoxing Optoelectronics, Guoxing Optoelectronics said, the company's current orders are relatively full. In the first half of 2014, the company has formulated and implemented an expansion plan, including product research and development and capacity expansion. It is understood that since 2013, Guoxing Optoelectronics has launched a series of new products ( Including display devices, white light devices and terminal lighting products) Start to build new factories and install and debug new equipment. Tang qionglan, head of the company's finance department, said that the competition in the LED industry will become more intense in 2014. The company will continue to increase investment in research and development, strengthen the construction of brands and channels and fine management. Liu Di, secretary of the company's board of directors, also revealed to reporters that the company's monthly packaging capacity reached 1000kk by the end of 2013, and it is expected to start expanding production in July and this year, with a monthly production capacity of 1400kk, the scale advantage will be fully revealed after the relocation of new factories and the installation and commissioning of new equipment in the first half of 2014. In combination with the current development situation and development trend of the industry, the management of Guoxing Optoelectronics has set a business target of sales growth of more than 20 in 2014. At the same time, the 2013 annual report formulated an overall development strategy based on packaging, strengthening and expanding, extending the industrial chain in due course, and realizing vertical integration. According to the development strategy deployment, in the upstream, the holding subsidiary Guoxing semiconductor mainly carries out the research and development, production and sales of chips; In the field of downstream lighting, it has opened up the market and established its own sales channels by means of its own brand and self-built channels. At present, there are nearly 1000 distributors nationwide. As for semiconductors, the company said that the first phase of 20 MOCVD equipment of Guoxing Semiconductor will be put into production in the second half of 2013. It is expected that 18 units will be put into production in the year and the remaining 2 units will be used for research and development. The company's non-public offering of the proposed investment project is the second phase of Guoxing semiconductor, and plans to add another 20 MOCVD equipment.