LED Integration driven by 'catalyst'

Following the merger of Dehao Runda with NVC and San'an Optoelectronics to acquire Taiwan's Yuanyuan, nearly Tongfang shares acquired the true Mingli listed in Hong Kong. In the industry's view, this year's LED industry integration will be greater than last year. Reporters learned from the organizing committee of the Guangzhou International Lighting exhibition, which will be held on June, that the scale of the exhibition will reach a new high of 22. 50 thousand square meters, covering 22 exhibition halls. By the end of April 2014, the number of exhibitors had reached 2237. The area of enterprises in the brand exhibition area has increased by 10, and domestic enterprises have become the main force of the brand Pavilion. LED lighting continues to lead the lighting trend, accelerating the pace of industry integration. Guangzhou International Lighting exhibition covers LED products and technologies in the whole industry chain, presenting the new situation and future trend of lighting and LED industry. Mr. Hu Zhongshun, general manager of Guangzhou Guangya Frankfurt Exhibition Co. , Ltd. , the organizer, said that more than 100 seminars at the Guangzhou International Lighting exhibition in 2014 were comprehensively innovated, focusing on four major themes: lighting design, lighting technology, lighting market, lighting, communication, and other industries have achieved better interaction and development in lighting concepts and business practices. Guangzhou International Lighting exhibition is a wind vane for the development of lighting industry. In terms of exhibition theme design and event arrangement, Market Development Trend and market demand will be fully considered to actively guide the development of the industry. Dr. Pan Wenbo, founder of Guangzhou International Lighting exhibition and president of Guangya Lighting Research Institute, believes that the increase in listed companies and the demand for energy-saving transformation in the market are all catalysts for accelerating the integration of the industry. In the first year of industry integration, the reporter found that the cost performance of LED lighting has been accepted by the market and has generated actual demand. It does not need to be promoted by the government, but the elimination of incandescent lamps has played a role in promoting. According to the statistics of Guangya Lighting Research Institute, the domestic LED application market last year exceeded 200 billion yuan, of which indoor lighting accounted for nearly; By 2015, the proportion of indoor lighting will further increase to more than 40. According to China's roadmap for phase-out of incandescent lamps, the import and sale of incandescent lamps for general lighting of 60 watts or more will be prohibited from October 1, 2014. Indoor lighting has become one of the major pushes for the growth of China's LED application market. At the same time, the market becomes hot, and enterprises that have not had time to increase supply will go to the acquisition; Some projects that were purchased last year will also land this year, so industry integration will accelerate this year. The reporter found that before the Spring Festival, Tongfang shares announced that it plans to acquire the equity of zhenmingli 51 with 0. 7 billion yuan, which is similar to the merger of Dehao Runda and NVC Lighting. Dehao Runda is interested in NVC's domestic channel, the Tongfang shares are interested in zhenmingli's overseas channels. Almost at the same time, Sanan Optoelectronics successfully completed a new round of additional issuance around the Spring Festival this year, with a financing of 3. 3 billion yuan, and plans to double the current LED chip production capacity. 2013 is only a prelude to industry integration, and 2014 is the real year of integration. Pan Wenbo believes that although the overall market size will continue to expand in the future, the competition will be extremely fierce and many companies will be eliminated. Judging from the dispersion of the industry, many enterprises in the minority field will become the priority targets for mergers and acquisitions, and these enterprises may find it difficult to become bigger and stronger independently. Therefore, the intensity of integration is yes, and it will have a decisive role in promoting the process of the industry from scattered to concentrated. Two forces to promote integration: policy and capital. For the acceleration of industry integration, Dr. Pan Wenbo believes that it is related to two factors: policy and capital. In the government procurement of LED lighting projects in 2013, a number of major projects for LED lighting energy-saving renovation have been selected (EMC)Contract energy management mode. However, this model requires enterprises to have a large amount of funds. Enterprises without funds either choose to cooperate with energy management companies or go public for financing. It is worth noting that the IPO has recently opened, which has also facilitated the listing of LED companies. In the list of IPO declaration enterprise information recently released by the CSRC, the names of Abison and mulinsen are in the list. Pan Wenbo said that after the IPO is opened, there will be a large number of LED companies listed, and the industry's capital strength will become stronger and stronger, allowing industry integration to last for a long time. Judging from the dispersion of the industry, many enterprises in the minority field will become the priority targets for mergers and acquisitions, and these enterprises may find it difficult to become bigger and stronger independently. Therefore, the intensity of integration is yes, and it will have a decisive role in promoting the process of the industry from scattered to concentrated.