LED listed companies need to get rid of subsidy dependence1

Recently, a number of LED listed companies or listed companies concurrently engaged in LED business announced the first half of the year's performance forecast, with the majority of enterprises with pre-increased performance. Among them, the net profit increased by more than 185, including Huacan Optoelectronics, zhouming technology, Lianjian optoelectronics, and Jiawei shares. The net profit in the first half of the year increased ~ 215, 82. 97 ~ 112. 65, 247. 61 ~ 270. 78, 148. 65 ~ 175. 77. Judging from the specific situation of various enterprises, the demand for downstream applications in the LED industry in the first half of 2014 continued the strong momentum since last year, while this demand has been transmitted to all links of the entire industrial chain, including the middle reaches of the packaging device, glue, packaging equipment, upstream epitaxial chip, Sapphire, MOCVD equipment. The sales volume of each enterprise is steadily increasing, but due to the comprehensive effect of various factors such as price war, cost and channel development, the profits are different. But sales growth is certain. This is also a consensus in the LED industry. In the recent G20- At the LED lighting summit, the CEOs of the participating enterprises all said that since 2014, driven by the rapid growth in demand for downstream lighting applications, the application field of the whole LED industry shows a trend of rapid growth or even explosive growth, and at the same time drives the production and sales in the upper and middle reaches of the industrial chain to flourish. However, at the same time, it is also believed that the current vigorous development of LED industry, especially LED lighting industry, is an opportunity, but not all enterprises can share the feast. The profit growth brought about by the expansion of extensive mergers and acquisitions was obvious in the first half of this year. Liad, Lianjian optoelectronics and other enterprises have benefited greatly. Liad's semi-annual performance forecast said that the reporting period increased the performance scope of Beijing Liad Video Technology Co. , Ltd ( That is, Beijing Internet Yida Technology Co. , Ltd. acquired by the company in November 2013)1- Performance in June, Shenzhen Jinda Lighting Co. , Ltd (The delivery was completed on May 2014)5-Performance in June. For Lianjian Optronics, the seven-year increase in performance came mainly from the acquisition of Sichuan Time-Sharing Advertising Media Co. , Ltd. , which began to be included in the consolidated statement in May, resulting in a net profit increase of 20 million to 21 million yuan, the total net profit of Lianjian optoelectronics in the first half of the year was only 3000-RMB 32 million. The continued popularity of the export market has also added a lot to the first half performance of listed companies. The relevant person in charge of zhouming technology said that in the first half of the year, the company increased its expansion and investment in the foreign trade market. The export orders increased significantly compared with the same period of last year, and the export revenue also increased accordingly. The first half is expected to LED lighting business revenue growth close to 95 overall keep the smooth. G20-LED lighting summit member enterprises- Zhang Jianzhong, deputy general manager of sunshine lighting, revealed that the company has increased its revenue space by continuously strengthening its development in overseas markets such as Europe, Oceania and the United States. However, it is worth noting that in the first half of the year, non-recurring gains and losses and government subsidies of many enterprises still accounted for a large proportion of the company's net profit, which also shows that during the period of rapid growth of LED demand, the competition is more intense, and the profitability of some enterprises has not improved greatly.