LED lighting performance in the first quarter exceeded expectations and entered a period of high growth

With the decline in the price of LED lamps in China and the opening of the civil market for LED lighting, the penetration rate of LED lighting in 2013 has rapidly increased from less than 3 in 2012 to 6. LED lighting will accelerate the replacement of traditional lighting in 2014, and the industry will enter a period of rapid growth. In addition, thanks to the incandescent lamp exit roadmap introduced by various countries, orders from overseas markets will continue to grow explosively. Guoxin Securities released the electronic industry research report, which said that the ban on incandescent lamps in major countries and regions will enter into the phase of batch entry into force in 2014. With the decrease in the cost of LED lighting fixtures, it will certainly promote the outbreak of the LED general lighting market. According to the Investment Express report, industry insiders pointed out that the LED sector, as a sub-industry with relatively certain growth, provides a better layout opportunity. Generally, the complete penetration cycle of electronic products is about 10 years. 2011 is the first year of LED lighting penetration. It is expected that high penetration will not be completed until at least around 2020. From the past experience of rapid penetration in other industries such as consumer electronics, the investment in the first 3/4 penetration periods has a very good return. With the price drop and the new round of White ban climax pushing LED lighting into an accelerated penetration period, the LED industry has 3-5-year investment value. It is understood that the LED industry, especially the LED lighting field, is one of the industries supported by the state. In recent years, China has successively issued policies such as 'China's road map for phasing out incandescent lamps', 'semiconductor lighting energy-saving industry plan' and 'China's road map for gradually reducing mercury content in fluorescent lamps. The government will gradually increase the intensity of financial subsidies for LED lighting products, and gradually promote the application of LED lighting products with mature technology and obvious energy-saving effects. The ban on incandescent lamps in major countries and regions will gradually enter the effective stage this year. The performance of the industry's first quarterly report exceeded expectations. It is reported that a number of LED manufacturers have recently recruited to complete emergency recruitment before the end of April in order to cope with the short supply after the peak season. The newly released Taiwan LED March revenue showed that the industry as a whole increased by 20, a record high. In fact, the first-quarter reports of many LED enterprises in China are also quite bright: for example, the LED revenue of sunshine lighting reached 0. 3 billion in the first quarter, up from last year. 0. 4 billion yuan doubled; Huacan Optoelectronics's revenue in the first quarter increased by 150 year-on-year; Sanan Optoelectronics's first quarter revenue increased by 30. Hongli Optoelectronics's first-quarter operating income and net profit were 30. 26 and 71. 95. The strong quarterly reports such as Sanan Optoelectronics and Huacan Optoelectronics confirm that the LED is in a high boom cycle. Zhang Fan, a researcher at CITIC Securities, pointed out that LED lighting is at 20- During the high-speed penetration period of 50, there was also a superposition of backlight demand in the second quarter, further driving the economy to accelerate. Domestic chip companies have expanded their production to a large extent. With the cooperation of capital, it is expected to seize the industry boom and achieve leap-forward development. Qilu Securities Research reported that LED lighting is the third light source revolution after incandescent lamps and fluorescent lamps. Due to its many advantages such as energy conservation and environmental protection, long service life and wide application, major countries and regions in the world are vigorously developing LED industry. At present, LED industry has entered a period of rapid development, the LED market scale in 2013 was 12. 4 billion US dollars, and in 2020 it will reach 150 billion US dollars, with a compound growth rate of 42. With the gradual advancement of policies and the outbreak of demand, China, as one of the major LED producing and consuming countries, is facing great historical opportunities and will have huge investment opportunities. Qilu Securities researcher pointed out that the investment gold mine of the LED industry is rich in changes in industrial development trends. First, technological progress and industrial upgrading are accelerating, the application scope of LED products is continuously increasing, and the market scale is expanding day by day. Second, demand start-up and policy promotion drive the whole LED lighting industry chain into a high boom cycle. Third, the speed of industrial integration has accelerated significantly, and industrial concentration has gradually increased.