8 billion catalytic policy to boost confidence in LED

Investment points

1, the national LED street lamp procurement plan to boost confidence in the LED industry. In 2011, due to the terminal TV backlight demand growth is significantly lower than expected, a large number of investment in the upstream MOCVD equipment, resulting in a serious imbalance between supply and demand, more hope in lighting, but lighting prices, on the demand of huge subsidies. 8 billion, a total of 4 million (local funds in more than 11 billion of the national level of LED street lamp procurement plan, a great boost to industry confidence, is expected to accelerate the recovery of LED industry).

2, China Street stock is larger, the annual demand in the 300-600 million, about 30-60 billion market size. According to Taiwan's topology Research Institute (TRI) statistics, Chinese Street stock in 2800-3000 million. In recent years, an annual increase of the number of 15-20% street, about 300-600 million in 2010, LED lights and tunnel lights installed about about 500000 lamps installed in 2011 less than 1 million years of political light, an increase of more than 50%, is expected in the policy boost, 2012 continued to maintain a high growth rate of installed capacity of up to 1 million 500 thousand or more. In accordance with the annual number of new street lights for all LED lamps, 1000-2000 yuan per lamp, the annual stock of 30-60 billion yuan.

3, China's LED street market is more serious regional, local enterprises benefit from the larger.

LED street lamp related enterprises:

Dongguan KingSun (Unrated), Sanan Optoelectronics (Unrated), de Ho Runda (Unrated), Xiamen XinDa (Unrated), as in Varitronix (Unrated), Shenzhen sed (Unrated) and Wuxi seastar (Unrated), Fujian Furi Electronics (Unrated), Jiangmen zhenminglee (Unrated) Zhejiang, Yankon (for rating), Huizhou NVC (Unrated), Jiangsu Ford, Ningbo Liaoyuan, history of Shanxi Guangyu, Zhengzhou, Weifang Shengmao photoelectric microphotoelectric Henderson, Nanjing, Dalian, Jiangxi Lu Ming latticepower, Wuhan Di source, Chongqing, Sichuan four photoelectric photoelectric photoelectric, OSRAM, PHILPS, kyushu.

Recommendations related to the benefit of the company:

On LED Street production and power related enterprises: ledone - power supply, power supply, Moso power supply - Shenzhen Creek - power supply etc..

The upstream lighting package enterprises: honglitronic (buy), REFOND (Holdings), nationstar (Unrated).

Risk warning:

LED Street area restrictions risk; rapid price decline risk.