As the growth champion of the eight strategic emerging industries in Guangdong Province in 2013, the Guangdong LED industry continued its strong growth momentum in the first half of this year.
Data show that from January to June 2014, the total output value of Guangdong LED industry reached 154.546 billion yuan, an increase of 23.47%.
Listed companies with industry benchmarks are even more amazing. The newly disclosed semi-annual report data shows that the overall income and profit of Guangdong listed companies with LED lighting and LED display as the main industry have increased significantly, such as Guoxing Optoelectronics, Lehman Optoelectronics, Alto Electronics, Hongli Optoelectronics, etc. The industry average during the same period.
In addition, mergers and acquisitions and expansion have become the hottest theme in the LED industry in the first half of the year. Many Guangdong LED companies have successively disclosed mergers and acquisitions and expansion announcements. Zhang Xiaofei, president of the High-tech LED Industry Research Institute, said that the LED industry is welcoming the era of integrated development.
Growth Drivers factor <br> <br> round LED boom driven mainly exports and rising upstream costs.
According to the monitoring of the top ten key areas of LED export in Guangdong Province, in the first half of the year, the export value of Guangdong LED key areas reached 38.277 billion yuan, a year-on-year increase of 39.35%. From the perspective of segmentation, the output value of LEDs in lighting, packaging and display products has increased by more than 26% year-on-year.
It is worth noting that the rapid growth of overseas emerging market demand represented by Russia is bringing greater opportunities for Chinese LED companies. The data shows that in the first half of 2014, the export value of China's LED lighting products was about 4.35 billion US dollars, of which about 440 million US dollars were exported to the BRICS countries, an increase of 350% year-on-year. In the first half of the year, the Russian market exported about 327 million US dollars, a year-on-year increase of 571%, which jumped to the second largest export market in China.
In addition to exports, due to the impact of upstream chip technology and rapid price decline, the price gap between LED lighting and traditional lighting products is gradually narrowing, and the price/performance advantage has already appeared. This has significantly boosted the growth of LED lighting products.
This "LED whirlwind" makes the performance of traditional lighting faucet Foshan Lighting shine. It is understood that Foshan Lighting's LED lighting products revenue in the first half of this year reached 421 million yuan, a surge of 341.1%, business gross margin was 20.37%, an increase of 6.68% over the same period last year, driving the company's overall gross profit margin increased by 1.97% over the same period last year. The LED business has become the company's main growth driver.
The good development trend of active LEDs in M&A expansion has also stimulated the desire of enterprises to expand. More and more LED listed companies choose to seize the market through mergers or acquisitions. Among them, Guangdong LED listed companies are particularly active.
According to the data, in the first half of 2014, a number of Guangdong enterprises including Foshan Lighting and Changfang Lighting successively disclosed the acquisition announcement. For example, Foshan Lighting plans to acquire Suzhou Mengtai Libao Optoelectronics Co., Ltd., which focuses on LED commercial lighting products and engineering product development; Changfang Lighting announced that it plans to acquire 60% stake in Shenzhen Kang Mingsheng for 528 million yuan, the latter is LED mobile lighting application Provider, if the acquisition is successful, the product line of Changfang Lighting will be broadened.
"Other industry bosses often ask each other to 'make no,' and now our industry bosses meet, especially if they have not yet listed, they will ask 'turned no.' It means that there is no change in selling." The business owner believes that the listed company's acquisition of non-listed companies in the industry has just begun with the help of financing advantages.
As hot as mergers and acquisitions, there is also the impulse of listed companies to expand their production capacity. On August 19 this year, LED packaging leader Hongli Optoelectronics disclosed that it plans to invest about 1 billion to 1.5 billion yuan to build an industrial park in Nanchang, and expects to achieve an annual output value of 1.5 billion yuan within three years.
In addition, Guoxing Optoelectronics has publicly stated that in the first half of 2014, the company has formulated a plan to expand production. It is expected that by the middle of 2014, the company's packaging capacity will reach 1400 KK per month. Compared with the end of 2013, 1000KK monthly capacity growth reached 40%.
The rapid expansion of production capacity has also caused concern among all parties, especially the negative impact of the previous round of overcapacity and the previous lessons of the photovoltaic industry, which has caused many market participants to worry that the LED industry will repeat the same mistakes.
In this regard, some insiders pointed out that overcapacity is not enough, because the LED industry is in the development stage. With the expansion of application fields and the surge in overseas exports, the market scale continues to expand. Even if there is overcapacity, it is only partially Local products in the region appear, not like PV.
Zhang Xiaofei, president of the High-tech LED Industry Research Institute, is also optimistic. He believes that this round of expansion is mainly led by industry leaders, which is relatively rational and will not bring too much pressure on the industry as a whole.
Data show that from January to June 2014, the total output value of Guangdong LED industry reached 154.546 billion yuan, an increase of 23.47%.
Listed companies with industry benchmarks are even more amazing. The newly disclosed semi-annual report data shows that the overall income and profit of Guangdong listed companies with LED lighting and LED display as the main industry have increased significantly, such as Guoxing Optoelectronics, Lehman Optoelectronics, Alto Electronics, Hongli Optoelectronics, etc. The industry average during the same period.
In addition, mergers and acquisitions and expansion have become the hottest theme in the LED industry in the first half of the year. Many Guangdong LED companies have successively disclosed mergers and acquisitions and expansion announcements. Zhang Xiaofei, president of the High-tech LED Industry Research Institute, said that the LED industry is welcoming the era of integrated development.
Growth Drivers factor <br> <br> round LED boom driven mainly exports and rising upstream costs.
According to the monitoring of the top ten key areas of LED export in Guangdong Province, in the first half of the year, the export value of Guangdong LED key areas reached 38.277 billion yuan, a year-on-year increase of 39.35%. From the perspective of segmentation, the output value of LEDs in lighting, packaging and display products has increased by more than 26% year-on-year.
It is worth noting that the rapid growth of overseas emerging market demand represented by Russia is bringing greater opportunities for Chinese LED companies. The data shows that in the first half of 2014, the export value of China's LED lighting products was about 4.35 billion US dollars, of which about 440 million US dollars were exported to the BRICS countries, an increase of 350% year-on-year. In the first half of the year, the Russian market exported about 327 million US dollars, a year-on-year increase of 571%, which jumped to the second largest export market in China.
In addition to exports, due to the impact of upstream chip technology and rapid price decline, the price gap between LED lighting and traditional lighting products is gradually narrowing, and the price/performance advantage has already appeared. This has significantly boosted the growth of LED lighting products.
This "LED whirlwind" makes the performance of traditional lighting faucet Foshan Lighting shine. It is understood that Foshan Lighting's LED lighting products revenue in the first half of this year reached 421 million yuan, a surge of 341.1%, business gross margin was 20.37%, an increase of 6.68% over the same period last year, driving the company's overall gross profit margin increased by 1.97% over the same period last year. The LED business has become the company's main growth driver.
The good development trend of active LEDs in M&A expansion has also stimulated the desire of enterprises to expand. More and more LED listed companies choose to seize the market through mergers or acquisitions. Among them, Guangdong LED listed companies are particularly active.
According to the data, in the first half of 2014, a number of Guangdong enterprises including Foshan Lighting and Changfang Lighting successively disclosed the acquisition announcement. For example, Foshan Lighting plans to acquire Suzhou Mengtai Libao Optoelectronics Co., Ltd., which focuses on LED commercial lighting products and engineering product development; Changfang Lighting announced that it plans to acquire 60% stake in Shenzhen Kang Mingsheng for 528 million yuan, the latter is LED mobile lighting application Provider, if the acquisition is successful, the product line of Changfang Lighting will be broadened.
"Other industry bosses often ask each other to 'make no,' and now our industry bosses meet, especially if they have not yet listed, they will ask 'turned no.' It means that there is no change in selling." The business owner believes that the listed company's acquisition of non-listed companies in the industry has just begun with the help of financing advantages.
As hot as mergers and acquisitions, there is also the impulse of listed companies to expand their production capacity. On August 19 this year, LED packaging leader Hongli Optoelectronics disclosed that it plans to invest about 1 billion to 1.5 billion yuan to build an industrial park in Nanchang, and expects to achieve an annual output value of 1.5 billion yuan within three years.
In addition, Guoxing Optoelectronics has publicly stated that in the first half of 2014, the company has formulated a plan to expand production. It is expected that by the middle of 2014, the company's packaging capacity will reach 1400 KK per month. Compared with the end of 2013, 1000KK monthly capacity growth reached 40%.
The rapid expansion of production capacity has also caused concern among all parties, especially the negative impact of the previous round of overcapacity and the previous lessons of the photovoltaic industry, which has caused many market participants to worry that the LED industry will repeat the same mistakes.
In this regard, some insiders pointed out that overcapacity is not enough, because the LED industry is in the development stage. With the expansion of application fields and the surge in overseas exports, the market scale continues to expand. Even if there is overcapacity, it is only partially Local products in the region appear, not like PV.
Zhang Xiaofei, president of the High-tech LED Industry Research Institute, is also optimistic. He believes that this round of expansion is mainly led by industry leaders, which is relatively rational and will not bring too much pressure on the industry as a whole.
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