Incandescent lamp "retreat" light industry reshuffle will accelerate

After phasing out incandescent lamp, energy-saving lamps and LED lamps will completely replace the former market share, this will inevitably lead to industry changes, A stock market, we can also find a number of long-term beneficiaries.

LED industry restructuring is a major trend

From the data, the incandescent lamp production enterprises in China are more concentrated in the Pearl River Delta and Yangtze River Delta, to small and medium enterprises, many enterprises have started the production of energy-saving lamps, energy saving lamp is about 80% of the country from Guangdong. A stock market, "the light industry enterprises are many, including terminal Yankon, FSL, snow Wright, and upstream enterprises Fangda group, Sanan optoelectronics, microelectronics, East China Science and technology etc..

Prior to Ping An Securities has issued a research report said that in 2012 is expected to become the first year of the popularity of LED lighting, LED lighting and the full liberalization of government subsidies to promote. Under the "LED lighting is expected to be formally included in the subsidy policy" expectations, how many companies will receive subsidies? How many companies will therefore get into trouble? The only thing we can be sure of is that in the process of pattern formation, which will inevitably lead to "light industry" reshuffle, while listed companies undoubtedly accounted for more advantage.

In this regard, lianxun securities analyst Chen Ye believes that the "theme of the elimination of incandescent" rather than substantial. Incandescent in recent years in the gradual withdrawal of history, LED and other products have occupied the market share. But this is for the market, the funds can be an excuse to operate. "

Soochow securities analyst Xie Xiaoyan believes that the "five line" is a big market, although LED is now somewhat overall industry overcapacity, the relevant profit rate is not very high, but in the future, "the State encourages change, the market will have". Xie Xiaoyan said that the current LED market occupies more serious, many small companies choose a lower threshold of the type of production, the profit is very small; leading enterprises are trying to improve the technology to reduce costs, such as higher threshold for high power chip direction, and increase market share. In this case, the future of mergers and acquisitions is a big trend, investors choose stocks to choose the main, leading stocks.

Crystal light began to change into energy-saving bulbs

From the data point of view, the current production center of the light industry in the south, Shenyang only a few companies involved in the production of incandescent lamp. In the Shenyang North Railway Station Lighting City, nine road furniture city, energy-saving lamps are generally placed in the most eye-catching position, very rare incandescent lamp. In the north of the city lighting lighting sales of Ms. Liu said that this situation began last year, her family is now selling the best LED lamp based eye protection lamp.

During the interview, many lamps and sellers have said that incandescent lamp is the most used on the crystal, because the strongest penetration of incandescent lamp, crystal lamp appears to be unique, colorful effect is better.

At present, China's production of crystal lamp enterprises are mainly east, imperial eagle, meihing, sxuan, Aldo, sxuan, Aldo meihing, which mainly produces Home Furnishing crystal lamp. Since this year, launched a crystal lamp energy-saving lighting meihing new functions, the use of E27 energy-saving bulb.

Currently, most of the use of incandescent lamps for the hotel engineering crystal lamp, crystal lamp is still home to energy-saving bulbs.

Outsiders "for" light industry cake

From the main business point of view, A shares of the light industry listed companies generally dominated by LED. In addition Yankon A shares listed on the lamp company, NVC also has a part of a lighting company listed in Hong Kong stocks or outside, in addition, GE, PHILPS, OSRAM and other foreign brands have begun to layout in the domestic light industry, this is also an impact on the A shares "the light industry company.

In October this year, the global GE lighting CEO attended GE lighting and Topstar Topstar new joint venture, limited company of science and technology of new T5 production line put into operation the ribbon cutting ceremony, this line of products is straight tube fluorescent lamp. GE has been involved in a number of tunnels and stadiums in China since the establishment of the first GE in Shenyang in 1908. In addition, in November 3rd of this year, the U.S. Honey Well Company also announced in Shanghai, its LED lighting products have been fully applied in China's 100 WAL-MART supermarket. Sheng Weili, vice president of the Asia Pacific Division of Honey Well Company's environmental controls, told the media that the goal of the LED market in China is to achieve sales of $100 million within 5 years, saying that the product can be reduced every year".