LED lighting pull effect is obvious Taiwan LED companies in August revenue brisk

Event:

In 2014 August, 8 LED chip companies in Taiwan area (canyuan, Dingyuan, epileds, Guang Lei, Hua, EPISTAR, Taigu, new century photoelectric) total revenue 4 billion 650 million (NT, the same below, about 948 million yuan RMB), an increase of 19.5%, a decline of 6.74%. 9 LED packaging companies (Bai Hong, East Bay, Hong Qi, Huaxing, Li Zhou, Ronda, I-Chiun, Everlight, Edison) total revenue 7 billion 20 million (about 1 billion 432 million yuan), an increase of 18.34%, rose 4.82%.

1-8 chip end of the total revenue of 36 billion 500 million yuan (about RMB 7 billion 444 million yuan), an increase of 25.4%, the end of the package accumulated revenue of about $49 billion (about RMB 9 billion 993 million yuan), an increase of 15.7%.

Comment

Chip side inventory adjustment factors decline, a record high end package. August chip end revenue fell 6.74%, crystal electricity, said LED TV backlight into seasonally adjusted impact, order visibility is not high, the beginning of the third quarter to digest inventory pressure. But still optimistic about the prospects for LED lighting, it is expected that the demand for LED bulbs will grow from 500 million last year to the top 1 billion 200 million, next year can break through the 2 billion, in the short term, it is necessary to observe the eleven holiday and Christmas demand in December.

The end of the package performance is brisk, August revenue growth of 4.82% (in August last year, the chain was essentially flat), a record high, the package side closer to the downstream, the performance of the current LED industry boom. Before August chip revenue totaled 25.4% year on year, the end of the package grew by 15.7%. With the gradual increase in the proportion of LED lighting in the industry, the rapid growth of LED lighting industry pull effect will become more apparent, the subsequent growth is expected to accelerate.

Look forward to follow-up LED subsidy policy. Since 2008, energy-saving lamps subsidy policy at the end of this year will follow more subsidies will be implemented on the LED, is now in August, if the downstream LED subsidies from the beginning of next year, the subsequent LED subsidy policies should be a high probability event. Follow up the introduction of the policy is bound to stimulate downstream demand, the industry boom is expected to further improve.

Is expected in the three or four quarter with the heavy volume of LED lighting, LED lighting stimulating effect on the industry will become more apparent, the 3 quarter of the industry continues to boom, better than the market expected is a high probability event, subsidies or the introduction of LED and will be the catalyst.

At the same time, LED enterprise, performance is quite brisk, liard small pitch LED TV to replace the DLP trend is established, the domestic indoor TV is worth looking forward to Yankon; rely on first-class customers and continuously expand the global lock for other customers, the rapid expansion of the scale of LED, and has a stable level of profitability, LED lighting downstream leading honglitronic in the future; in recent years LED general lighting and automotive lighting will have good prospects for development; the domestic leading position of an optoelectronic chip has been gradually established, will benefit from the bigger competition; the Alto electronic LED display screen is part of high-quality companies in the small space industry growth is determined, with the strength of the company will have a brilliant future in small space industry.

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