Domestic LED chip "second" who will pick the laurel?

An optoelectronic LED chip is still unshakable "big brother", and began to turn to the LED development Elec-Tech whole industry chain HC semitek facing the pressure of high cost of financing, who will become the LED chip industry's "brother"?

"I just came back from the LED exhibition in Guangzhou, mainly to understand the development situation of this year's LED. "In March 10th, a private equity fund manager, told reporters in twenty-first Century economic report, 2014 is likely to be the outbreak of the LED industry era," this is a good industry, the collapse of the market is not the focus of our attention, our task is to find a good investment targets in many listed companies in the LED, especially the invisible LED stock. "

So weak pattern let institutional investors uninterested, they began to run around to find more investment targets this year.

Industry experts said that the benefit of lighting, backlight demand pull, January Taiwan LED industry as a whole continues to improve. In particular, sapphire manufacturers, on the one hand to benefit from the downstream demand driven LED, but also to benefit from the non LED industry terminal application market demand to enhance its performance eye-catching.

Industry statistics show that in January 2014 5 Taiwan sapphire manufacturers total revenue of 150 million yuan, an increase of 46%; 7 chip manufacturers total revenue of 670 million yuan, an increase of 14%; 14 of firms total revenue of 1 billion 60 million yuan, an increase of 15%.

"In the global incandescent lamp, the LED lighting receives more and more attention. "Australia Shunchang general manager Chen Kai told reporters, after several years of development, LED lighting technology has been greatly improved, it is no longer the LED indoor lighting promotion obstacles," cost reduction will be the future of various manufacturers fight mode. "

Data show that since 2013, the global replacement of 60W LED bulb retail price has dropped by more than 28%.

A broker researcher bluntly, which will bring the LED chip industry 'integration era', in the whole industry chain, the agency is now more optimistic about the listed companies do chips. Domestic listed companies with real investment value is relatively small. We believe that the competition pattern of the chip industry gradually clear, the future will be 1-2 leading enterprises, 3-5 has the characteristics of market segments in the corporate structure, the leading position of the basic establishment of Sanan optoelectronics, Elec-Tech to do the whole industry chain, HC semitek cost is too high, changelight has advantages in red and yellow light segments. The advantage of low cost expansion Australia Shunchang also has strong competitiveness. "

In the view of Shanghai, a public fund manager, LED chips, is currently the industry leader Sanan optoelectronics, "so, who is the second? Elec-Tech? Hua Guang photoelectric? But from the point of view of listed companies, can endanger the BDO Huacan industry position and only Australia Shunchang, although many people are not aware of this company is to do LED. "

The chip industry and the performance of listed companies also seems to support the fund managers on the subject to the chip, net profit of 3 main LED chip has been disclosed in the 2013 results notice of listed companies there are different degrees of decline, which fell by 94%, Elec-Tech HC semitek dropped 79% and changelight micro drop 1%.

Guoxin Securities analyst Liu Xiang believes that low-cost competitive strategy for the LED industry is the most effective strategy. He said Australia Shunchang LED equipment after the completion of MOCVD equity investment reached 30 units, more than three optical MOCVD after the completion of equity investment reached 264 units, an optoelectronic market value of 36 billion. The calculated Australia Shunchang LED business valuation of about 4 billion 100 million, plus 2 billion of the traditional business valuation, Liu Xiang believe that a reasonable valuation of 6 billion 100 million yuan Australia Shunchang.

Then, spoiler Australia Shunchang will become a LED chip field second? All wait and see.