LED industry year-end inventory: some are not just routines

In 2016, many things happened in the LED industry: from early spring and March to next January, four rounds of price hikes, raw materials, chips, packaging to downstream lighting, all affected; From Jason's acquisition of Osram lighting business, Lumileds sold to Apollo's funds, etc. , cross-border overseas horizontally and vertically, LED to various large and small acquisitions one after another; Tang qionglan resigned from the vice general manager of Guoxing Optoelectronics, Xie Qing, the vice general manager of Foshan Lighting, Lei lining resigned from the general manager of Hongli optoelectronics, and then the chairman and vice chairman of Qianzhao Optoelectronics resigned in October, the independent directors and supervisors of Lianjian Optoelectronics left, and Shao Jiaping moved from the general manager and technical director of Kerui China to Osram, etc. The changes of senior management personnel have been similar for three years. However, we are still willing to talk about it all the time. We don't blindly pursue hot spots, don't feel sad and complain all over the floor, don't talk about the past and complain about the past, and just want to track the trajectory of the arrows and shuttles, looking for the clues and context of LED development, and thinking about the future development direction of lighting. The deep integration of the value chain is still the main theme. Forgive the old tune, and there is no new idea to integrate. However, it is undeniable that integration has long been the new normal for the development of lighting enterprises in the past two years. Integration comes first, big win of big integration, small win of small integration and lose of non-integration, it is an era of comprehensive resource integration at present. Whoever takes the lead will be the winner. While these voices are endless, lighting companies have already taken action (See table below). From the above table, it is not difficult to see that the LED industry mergers and acquisitions in 2016 show several characteristics: 1. Acquisition becomes luxury purchase; 2. Overseas acquisitions have increased and blocked; 3. Cross-border mergers and acquisitions have increased, mainly in sports, education, VR, unmanned aerial vehicles, medical and health fields, etc.