China released incandescent roadmap released 18 LED shares poised

China's national development and Reform Commission recently announced the elimination of incandescent road map (draft). According to the draft, by 2016, China will completely eliminate the use of incandescent lamps for general lighting. China's final version of the elimination of incandescent roadmap will be officially released in October 1st this year.

The draft proposed, from October 1, 2012 onwards, to prohibit the sale and import of 100 watts and above ordinary incandescent lighting; from October 1, 2014 onwards, to prohibit the sale and import of 60 watts and above ordinary incandescent lighting; on the basis of energy efficiency standards, prohibit the production, sale and import of the light effect is lower than the minimum allowable value of low halogen tungsten lamp; from October 1, 2016 onwards, to prohibit the sale and import of 15 watts and above ordinary incandescent lighting. Among them, the reflective incandescent lamp, spotlight, decorative lamps and other types of incandescent lamp and special purpose incandescent lamp is not within the scope of elimination.

The industry believes that China's elimination of incandescent roadmap and the gradual implementation of the production of energy-saving lamps and LED lamps related to listed companies, will undoubtedly bring some positive.

LED industry prospects for new shares strong market performance

Originally used as an indicator for instrumentation, then extended to traffic lights, landscape lighting, automotive lighting and mobile keypad and backlight. As a kind of green light source, LED has a wide range of applications. At present, the main fields of application in China include LCD backlight, lighting, industrial applications, mobile phones, automotive applications, display and so on.

It is worth noting that the recent IPO of LED stocks showing a "blowout" market, REFOND, honglitronic, Chau Ming technology, alto electronics...... In the already listed LED plate, such as light, such as LIAN, Elec-Tech photoelectric, have good performance in recent days, so what is the reason for LED sector shocks in the market during the transaction?

Will enter the high growth period

It is predicted that in 2010 the global LED industry output value of about $15 billion 100 million, an increase of 68%. With the advent of the era of full penetration of LED lighting, the estimated global LED industry output value will reach $20 billion 800 million in 2011, an annual growth rate of 38%. 2012 will reach $30 billion, an annual growth rate of over 40%. 2013 has the opportunity to challenge the $50 billion mark, the annual growth rate will reach more than 60%.

Kim Braun consulting analyst Qin Hong believes that the global LED industry has broad market capacity, which means that China's LED industry leading enterprises will have a vast global market space ride. What's more, China's domestic LED industry also has a lot of room for growth. According to the national semiconductor lighting engineering research and development and Industrial Alliance (CSA) data show that in 2010 the overall size of China's LED market will reach 100 billion yuan. It is expected that by 2015, the domestic LED market will reach more than 500 billion yuan, the annual compound growth rate will reach 38%. This means that the LED industry has a broad market capacity, which is expected to give birth to new investment opportunities for high growth companies. That is to say, has been cut into the LED field, Elec-Tech obviously REFOND, changelight, Sanan Optoelectronics (600703) and other companies are expected to get first mover advantage to enjoy sustained high growth industry cake.

More importantly, the LED industry in addition to lighting, but also in the field of smart phones, tablet PCs and other fields have a wide range of applications. With the rapid growth of smart phones, tablet PCs, as well as the rapid penetration of LED LCD TV, so that LED backlight has become the main driving force to promote the rapid growth of the short-term LED market. 2009 LED LCD TV penetration is only 3%, but in the first half of the rapid rise to 16%, which means that the company can quickly adapt to the LED backlight industry in the field of emerging enterprises to obtain new high growth momentum of the 2010.

The day before the release of Societe Generale Securities in LED Industry Research Report also believes that the current can focus on LED lighting applications and has the advantage of brand high quality chips and other fields, to maintain the LED industry "recommend" investment rating.

Societe Generale Securities pointed out that in June the domestic LED industry index is still weaker than the same period in China's Taiwan semiconductor component index and the Taiwan weighted index. The domestic LED industry, factors of product structure and customer structure, so that the domestic LED enterprises and the LED TV backlight boom degree is smaller, revenue volatility is less than China's Taiwan industrial chain, but still facing a slowdown in demand, production capacity of pile up in excess of requirement risk. If the demand continues to be insufficient, only have the technical strength and the ability of cost management, and actively develop new products in the field of enterprise can survive in the industry reshuffle.

GF Securities believes that from the beginning of 2011, LED industry will enter the era of high growth. Expected from 2011 to 2012, the output value will reach $14 billion and $20 billion 500 million, year-on-year growth rate reached 40% and 46%, the LED industry into the high growth track, the possibility of the existence of explosive growth in the second half of this year LED lighting.

Orient Securities analyst Zou Hui believes that the new energy, in recent years, by the positive factors of the national industrial policy to promote the role of local government on the one hand, especially in landscape lighting financial subsidies, greatly stimulated the development of LED industry, and promote significantly reduce the cost of LED products; on the other hand, it is because the progress of technology also, the product cost decreased rapidly. Therefore, the recent LED industry stocks have been favored by the funds. Accordingly, analysts believe that there are two types of stocks can be actively concerned about, one is to expand the production capacity of large varieties. According to the recent listing of new shares, according to IPO to raise funds