China subsidies LED lighting end of the year

Chinese NDRC announced 4 incandescent lamp plan, determine the next October 1st, will ban the import and sale of 100 watts (inclusive) above the incandescent lamp. In addition, the NDRC said it was working with the Ministry of finance to develop policies to encourage the promotion of LED lights, the output value of the industry is expected to rise two times within 5 years.

In August this year, the national development and Reform Commission announced that China gradually phased out incandescent roadmap (Draft), decided to gradually disable incandescent lamp from the year of 2012, plans to completely eliminated in 2016. CIC Securities Research Director Wang Peng expects the plan will be announced after the LED lighting industry and energy-saving lamp industry to form a long-term bullish, only replace the existing incandescent lamp market scale will reach hundreds of billions of yuan (below).

At the same time, the Chinese industry is expected to be included in the scope of the LED lighting subsidies, and before the end of the year there will be the opportunity to launch the first wave of related products subsidy policy, the total amount of about 8 billion yuan. At first, it will be subsidized for indoor lighting and commercial lighting, such as tube lamp, projection lamp, etc., and then gradually expand the scope of subsidies.

China is a big country in the production and consumption of incandescent lamp, the stock of incandescent lamps around 15 billion, the annual output and sales of up to 3 billion 850 million and only 1 billion 70 million. The roadmap announced the establishment of China's 5 phase of the elimination of incandescent. Development and Reform Commission, said the new lighting industry is expected to produce an output value of about 8 billion yuan, providing new jobs about 15 thousand.

By eliminating the plan, from October 1st next year will be the first out of 100 watts and above ordinary incandescent lighting; and from October 1, 2015 to September 30, 2016 for the mid-term evaluation period, according to the evaluation results, and then decided to October 1, 2016 15 watts and above ordinary incandescent lighting is for sale or adjustment.

Stimulated by the news, the market ahead of reaction. November 2nd China LED lighting stocks rose sharply, of which 10 stocks on the daily limit, the 14 gear rose by breaking the 6%. 3, LED lighting plate Redubujian, stocks overall rose 1.94%; this information is driven by Taiwan stocks rose from LED.