LED industry take off no doubt golden ten years will be pro

"We (LED industry) that the industry has a great opportunity to come, it is necessary to replace the traditional lighting, only the market will have a trillion market size. "In August 22nd by the Shanghai Securities News - Chinese securities network sponsored by the industry forefront (Shenzhen) Roundtable, a brief REFOND dongmi Ke Hanhua, in many industry voices at the same time, may also reveal the causes of mergers and acquisitions activity industry investment.

Chau Ming technology, REFOND and other executives of listed companies and the largest fund, Bauhinia fund, the south fund managers agreed that a new round of industry consolidation tide is different from previous years of capacity expansion, this round of mergers and acquisitions are relatively rational, leading power industry leading enterprises, and competitive differentiation trend that industry will enter an era of competition". At the same time, the policy support, the upstream technology breakthroughs, falling prices, strong market demand and other factors, the LED industry has no doubt that the next ten years is the golden period of development.

Investment mergers and acquisitions

Last week, LED shares rose contrarian, 80% LED enterprises semi annual performance of the Annunciation, and agencies in the two quarter 2 billion 300 million gallon 16 LED stocks, or is the catalyst.

This year, LED industry investment, expansion, mergers and acquisitions unusually active.

Allring technology merger day optoelectronics, Feile audio acquisition of Beijing Shenan, FSL's acquisition of LaPO photoelectric, photoelectric distance, Beijing Electronics acquisition advanced photoelectric acquisition is...... Mergers and acquisitions involved in the LED industry, the first half of this year completed a total of 11 M & A transactions, the total amount of 3 billion 500 million yuan.

At the same time, the investment of billions of the world's first three optical Yuzuo, HC semitek 1 billion 180 million investment expansion epitaxial wafer production capacity, nationstar expects this year in packaging production capacity increased by 40%, frequently on electric plans to invest 500 million expansion of industry... LED enterprise expansion of the news also heard.

This does not ban people recall 2010 to 2011 when the LED industry, when the company crazy expansion, but eventually led to overcapacity in the next few years, the industry downturn. Will this happen again?

From the recent mergers and acquisitions on the photoelectric, etc., the company is very rational in terms of mergers and acquisitions. A company in recent years, based on the old bank, namely the package, and use the advantage gradually to the downstream extension; two, the expansion of the downstream areas, and further promote the company's packaging capacity to absorb, so the current and subsequent acquisitions mainly concentrated in the lower reaches, downstream will be Future Ltd profit growth point. Wan ran, director of Finance and technology, north of the actual case of military and detailed strategy refuted the question of the market.

Rational M & A is not a minority. First, the company's main business will not give up, but we insist that mergers and acquisitions will increase our highlights. "Moso Dong Ji said Penang recipe.

"We are now a lot of companies are looking for the subject of mergers and acquisitions, you bought, you can digest it? This is very worthy of our consideration. "The state of science and technology director Liu Jiao pointed out that the state of science and technology will not easily carry out mergers and acquisitions, and if the merger, will think again before the merger, the company mergers and acquisitions by what each other, what can bring value to each other," suggested that enterprises in Mergers and acquisitions before make themselves stronger, then think big. "

For example, Liu Jiao, the acquisition of a technology company in Europe - Ming, Dior, mainly because the company has been doing a lot of work in the creative display, to strengthen the company's display business.

Takeoff in integration

Look back on the development process of the LED industry, from the last century in 90s officially put into operation, more than and 10 years, the industry homogenization of intense competition, lack of innovation and other industries have been bound to soar.

It is precisely because the homogenization of competition, brutal competition, we want to survive, then the scale is not large, can only rely on integration, industry consolidation may be further accelerated. "A new round of consolidation, alto electronic secretaries Yang four think,

Industry sources have not been eliminated, and this round of consolidation will continue for 3-5 years. However, the LED industry market demand, technology space, there are still a lot of space to be tapped, the future development prospects of the industry is very good. "

LED prospects are very broad, regardless of the middle reaches of the downstream packaging enterprises or enterprises can have a way to go. "Liu Jiao also agrees.

However, the industry established a good proposition, when is the best layout point? The answer is now! Participants agreed that the current time is the best time for the development of the LED industry, but also the opportunity to do bigger and stronger LED companies. First, the policy level is in the stage of national support. In addition, the downstream market demand after a few years ago the concept of popularity, is gradually growing, the industry took off at that time.

A number of LED companies following the 2013 semi annual report shows that the recovery of the LED lighting market growth, mainly by the incandescent lamp the United States and the European Union and other countries and regions, China out plan, reduce the cost of driving force of batch terminal prices and other factors, LED lighting market capacity will significantly expand and started and achieve sustained growth, the future of 3-4 the LED lighting market penetration of the fastest rise in the golden period of development. At the same time, the rapid growth of lighting applications, will also promote the improvement of supply and demand of lighting applications packaging components. Authorities are expected in 2014, China's LED lighting industry output value will grow 58%, reaching $180 billion.

However, the integration of the industry, the period of great development, the gap between the more obvious. At this time, investors in A shares 50