LED industry go from here? Many fund managers have said

With the traditional LED season, the backlight market return to steady growth, lighting penetration rate rising quarter by quarter, shipments of LED lighting enterprises rapid growth, the scale effect will be gradually reflected, high-quality LED lighting enterprises enter the stable profit stage, change the past status of income does not increase profits. With the lower prices of LED lighting products, traditional lighting brands with channel advantages to fully explore the LED market, the lack of core competitiveness of enterprises began to appear obvious profit pressure, the market concentration rate is also rising.

A closed Jingfu fund manager Wang Wenxiang think, is optimistic about the LED lighting industry, the proposed active layout of the LED industry. First of all, with the promotion of cost, energy-saving lamps and LED lighting to replace incandescent lamp of the trend is very clear, the current penetration rate in 15%, is expected to enter the stage of rapid growth; secondly, LED lighting industry is expected in the global space is very large, the scale of 300 billion yuan.

Wang Wenxiang believes that from the investment point of view, the chip and the downstream channel upstream of the high barrier, have a higher investment value; the middle reaches of the package due to low barriers to entry, price competition is more intense, the future through mergers and acquisitions to expand the field of engineering, lighting is the spectacle. In the second half of the industry to enter the high prosperity, chip links and have the scale advantage, channel advantage downstream brand manufacturers will reflect the high growth.

Analysis of Bauhinia Hongli income fund manager Zhang Xiaoren, LED industry boom began in the fourth quarter of 2013. On the one hand, TV/NB shipments stabilized, LED backlight demand bottomed out, on the other hand, LED lighting demand from the beginning of the fourth quarter of 2013 volume. Two factors superimposed, giving birth to the inflection point of LED demand.

Zhang Xiaoren believes that the future is really strong demand for the LED industry and the huge space is LED lighting. In 2013 Chinese mainland lighting value of 450 billion, is expected in 2015 will reach nearly 700 billion by the end of 2013, while the LED lighting penetration rate of less than 20%, the estimated LED lighting penetration rate is only about 30%, a huge space for future.

In the background of the rapid development of LED lighting industry, Baoying fund Zhang Xiaoren believes that both channel + manufacturing capacity of enterprises will be the ultimate strength.

Channels, the channel is the fundamental lighting industry, regardless of the traditional lighting or LED lighting, only to have the channel to have the scale and pricing, which has the possibility of bigger. At present, China hardware circulation, Home Furnishing monopoly, commercial lighting market segments, scanty enterprises have nationwide channel advantages, only OPPLE, NVC, FSL lighting, acoustics, auroral and a few enterprises.

Manufacturing capacity, at present, LED lighting has the obvious trend of light source, lamp integration, and because LED is a point source, the lighting design forms, a large number of new products constantly updated product update cycle before the traditional lighting 3-5 years significantly accelerated to 1-2 quarters. Frequent product updates, through large-scale procurement to reduce costs, the characteristics of the industry, the company's design, manufacturing capacity to become the core competitiveness. In other words, LED lighting manufacturers need to have the lighting design and manufacturing capabilities, barriers far higher than the traditional lighting era.

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