LED lighting market is hot

LED lighting market is hot In the first half of the year, the LED industry was picking up. Twenty-five major LED listed companies have already disclosed 23 semi-annual reports or interim performance forecasts. Sixty percent of companies have increased their pre-increase, and comparable total net profit has increased by 5% to 26% year-on-year.

Packaging company orders full <br> <br> present, Silan, three optical, lighting and sun Ruifeng power and other seven companies announced semi-annual report, in addition to another Union Optical, Foshan lighting, the other 16 LED Listed companies have issued interim results forecasts, and 60% of companies have increased. Comparable data show that the net profit of the 23 LED companies in the first half of the year was between RMB 1.6 billion and RMB 1.9 billion, a year-on-year increase of 5% to 26%.

Ruifeng Dickey Board Director Zhuang Jili told the Securities Times in early April that “Whether the entire industry is picking up depends on the market conditions in April and May.” He judged that the industry’s rapid warming in the first quarter of this year was mainly due to domestic lighting manufacturers. At the inventory level. If the order's explosive situation can continue into the second quarter, the industry can truly stabilize and pick up.

Ruifeng Optoelectronics is located in the middle reaches of the industry. Several large-scale listed packaging companies, such as Jufei Optoelectronics and Hongli Optoelectronics, divide up most of the major LED chip packaging markets in China. The operating rate of these companies is a benchmark for observing the prosperity of the entire LED industry in China. At the same time, it is also sensitive to upstream and downstream supply and demand.

The semi-annual report announced by Ruifeng Optoelectronics recently showed that the net profit for the first half of the year was 26.182 million yuan, a year-on-year increase of 31.61%. Benefiting from the increasing popularity of LED LCD TVs and the increasing proportion of large-size TVs, Ruifeng Solar’s ​​sales of medium and large-size backlight LED products in the first half of the year were RMB 135 million, a year-on-year increase of 112.55%. At the same time, Ruifeng Optoelectronics sales of LED products in the first half of this year were 137 million yuan, an increase of 49.23% year-on-year. Lighting LED products already accounted for half of the company's main business.

From the perspective of the second quarter, packaging companies still have full orders. An executive at Hongli Optoelectronics revealed to reporters that despite the full production of the machines, the company’s orders still have to be scheduled for September. From this point of view, the packaging manufacturers can still guarantee "there is food to eat" at least in the third quarter.

Lighting market hot <br> <br> However, for such a hot market can be sustained long-term, industry sources said inner portion of the doubt. In an industry forum in June, entrepreneurs said: “The LED lighting market broke out one year earlier than expected. It is really hot! But we must pay attention to the issues of technology, quality, patents and standards, and we will not beware of heat stroke.”

With the hot market, blind investment has come back. Some listed companies have also started refinancing machines to expand production capacity. Some non-listed companies have also followed suit to expand production, but the industry's "continual bond" situation has not changed, some small companies are prone to capital chain breaks, and the wave of closures once again invaded the industry. For example, in July of this year, LED manufacturers such as Shenzhen Yiguang and Zhongshan Shihao Epistar have successively experienced boss running incidents.

Judging from the performance forecast of listed companies, the uneven hot and cold conditions in the LED industry chain still have not improved much. This year, the lighting market has developed rapidly. Benefiting from the rapid increase in the demand for LED indoor lighting and outdoor street lighting, Qinshang Optoelectronics, Sunshine Lighting and rectangular lighting have achieved year-on-year growth and continued to maintain a steady growth momentum.

Although affected by the industry's environment, the demand for chips and packages has grown rapidly, but due to factors such as further price declines, many companies have still not been able to escape the plight of not increasing their profits. Huacan Optoelectronics, Qianzhao Optoelectronics and Lehman Optoelectronics And other companies are forecasting a decline in their interim results. In addition, industry policy subsidies have plummeted and some companies’ net profits have also dropped.

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