LED lighting may show explosive growth next year1

LED's third-quarter results are under pressure, and lighting will grow next year. With the LED lamps price decreased we is expected to 2014 will is LED lighting real outbreak of year future three years of composite growth rate is expected to reach 50. The third quarter industry performance is not as expected may constitute a good configuration point in the fourth quarter. The recovery situation of the photovoltaic industry is determined. The photovoltaic industry has shown a gradual recovery under the strong support of national policies. The national policies are mainly based on the six photovoltaic countries to give specific guidance to all parties in the industry. In general, the driving force for the recovery of the photovoltaic industry comes from the subsidy policy and the expected guidance of the planned installed capacity of the photovoltaic industry. 1) It is planned that the installed capacity will be 35GW before 2015, while as of August 2013, the installed capacity in China will be 8. 5%. 9GW, the installed capacity in the next two years is considerable. The worry of whether the installed capacity of this plan can be realized is eliminated. The introduction of photovoltaic subsidy policy (See the domestic photovoltaic policy in the article for details) The internal rate of return for enterprises to build power stations has increased from 8 to about 10. In September 30, the government issued a document to reduce the tax on the operating end of photovoltaic power stations by 50, which further increased the internal rate of return to more than 12. With such a high internal rate of return and the government's return to active financing for the photovoltaic industry, photovoltaic operators are expected to obtain high returns by increasing leverage. 2) The problem of grid connection in the photovoltaic industry is now being implemented, which has solved a major factor restricting the installation of photovoltaic, which is expected to push the photovoltaic industry into a new round of rapid growth. 3) The price of photovoltaic products will show a gradual downward trend for a long time. In the future, photovoltaic power generation will be cheaper and closer to the internet. Under this round of favorable policies, some excellent enterprises are expected to gradually step out of the periodic regulation of government subsidies. We believe that an industry can form its own periodic fluctuation only when government subsidies do not constitute factors affecting large profits. At least for now, the recovery of the photovoltaic industry is still driven by policies. We expect that after this round of policy stimulus, the promotion of photovoltaic technology will bring the industry into its own cycle. This time point is expected to be realized in 2015, the cycle will be on the rise before 2015, and it will enter the industry's own cycle after 2015. 4) We still insist that this year's deterministic sub-sector is distributed photovoltaic power generation. It is expected that distributed photovoltaic power generation will usher in a development peak in 2013. We recommend photovoltaic monocrystalline silicon module manufacturers, such as Zhonghuan stock, Mangu stock and monocrystalline silicon equipment manufacturers, Jingsheng electromechanical, and photovoltaic power station construction company Zhongli technology.