Benefit subsidies LED lighting industry is expected to pick up

Market long-awaited LED lighting (semiconductor lighting) to promote financial subsidies finally landing. In February 28th, the NDRC and the Ministry of Finance and the central information secretary Secretary for economic planning and the Ministry of science and technology high-tech company jointly commissioned China Electronics Import and Export Corporation for domestic public tender on 2012 financial subsidies to promote LED lighting products, determine the promotion of efficient lighting products enterprises, product specifications and protocols for goods price.

The industry believes that, although it is still not clear the amount of subsidies to promote the program, but in the context of energy-saving emission reduction, which will open the prelude to the introduction of LED lighting subsidy policy. In fact, in the LED batch of IPO enterprises, industrial investment overheating, excess capacity in the background, the government's subsidy policy is like nectar for the LED industry into the catalyst, leading companies will also benefit from the industry. Analysts suggest that attention to benefit enterprises, commercial lighting LED lights and tunnel lights and power related companies, manufacturers, specific to the listed companies including honglitronic [18.23 1.45% shares research report], REFOND [16.40 0.61% shares Research Report].

Subsidy policy kicked off

According to the Ministry of finance, the national development and Reform Commission "efficient lighting products to promote financial subsidies to fund management Interim Measures" (hereinafter referred to as the "measures" requirements "), to encourage the promotion of LED product demonstration applications, to further promote the green lighting project and the work of energy-saving emission reduction, semiconductor lighting (LED) to guide the healthy and orderly development of the industry, the Ministry of Finance and the national development and Reform Commission and the Ministry of science and technology of semiconductor lighting products in 2012 to carry out financial subsidies to promote the project bidding.

It is reported that this tender will select a number of LED products manufacturers, products, and determine the supply price. Subsidies take indirect subsidies, by the financial subsidies to the successful enterprise, and then by the enterprise according to the sales price minus the agreement to supply financial subsidies after the price to the end user, the ultimate beneficiary is the end users.

In fact, in 2007 the introduction of the approach covers the energy-saving lamps, LED lighting, but did not include the implementation of LED lighting. The market has been looking forward to LED lighting can be included in the scope of subsidies, by reducing costs to promote the promotion and popularization of LED lighting. Earlier, on the LED lighting subsidy policy market also has a variety of claims, the recent China ring committee director He Xuemin said China ring committee will be in the "12th Five-Year" period for 8 billion yuan from the central budget funds for the purchase of 4 million LED high road lighting products, at the same time will lead to not less than 3 billion yuan of local matching funds. This news came out, immediately aroused the attention of the industry and have said that the subsidy policy will further improve LED lighting applications market, accelerate the application of LED lighting demonstration and popularization, and is expected to ease chip overcapacity expected pressure fundamentally. And forecasts to the end of 2015, China LED lighting penetration is expected to reach even more than 20%.

Although this allows the industry as well as LED companies look forward to looking forward to the subsidy policy has yet to meet with the public. However, the introduction of LED lighting into the financial subsidies for efficient lighting has also been a strong concern in the market, although the specific amount of subsidies is not clear, but this opened the prelude to the introduction of LED lighting subsidy policy.

Terminal lighting enterprises directly benefit

China's LED lighting industry, the rapid development of the driving factors, the policy played an important role in boosting. From 2003 onwards, China has proposed the LED lighting industry development plan, in 2008 the Ministry of science and technology and puts forward the "ten city lights" LED application demonstration of the city, to the 2011 national support policies continue to ferment, released a roadmap for phasing out the incandescent lamp China. Industry is expected this year may be the policy of frequent. Since October 1, 2011 China's relevant departments announced schedule planning to ban incandescent lights out, from the beginning of October 1, 2012, so in the meantime, formulate the related LED standards is expected to accelerate, LED related products promotion and demonstration policy may be launched.

Huatai Securities optimistic about the prospects of LED lighting in the outdoor and commercial areas. Think subsidies will accelerate the promotion of LED lighting in the outdoor and commercial areas. LED terminal lighting companies will benefit from the subsidy policy and the promotion of LED lighting, packaging and chip companies also indirectly benefit.

Orient Securities recommendations related to the benefit of the company. Commercial lighting enterprise benefit: honglitronic, REFOND, nationstar; LED lights and tunnel lamp enterprises: KingSun optoelectronics, Elec-Tech, etc.. Especially honglitronic and refond,