LED market into the inflection point of low-cost competition does not increase profits

In 2013 a new year, LED industry will usher in a "spring" policy, from the beginning of the six ministries jointly issued the "semiconductor lighting industry plan" to the executive meeting of the State Council in the year determined to promote the semiconductor lighting industry, China's LED industry a swagger stride forward singing militant songs. In the industry to pick up the popular rhetoric of the moment, 2013LED corporate semi annual report have been released, the market situation in the first half of the LED industry also announced one by one.

Market into the inflection point 60% of the first half of the performance of enterprise growth

Since July this year, LED related listed companies have announced a semi annual report or interim results notice. At present, 25 key LED has 23 listed companies to disclose semi annual report or interim results notice, according to statistics, 60% pre growth companies, comparable data show that the 23 LED enterprises in the first half of the total net profit of 1 billion 600 million yuan to 1 billion 900 million yuan, the total net profit rose 5% to 26%.

Among them, in the middle reaches of the packaging LED most eye-catching performance, in July 6th, poly fly photoelectric released 2013 semi annual results notice. Announcements, from January 1, 2013 to June 30th, attributable to shareholders of listed companies net profit of 57 million 61 thousand and 800 yuan -7075.66 million, an increase of 25%-55% over the previous year.

Also occupy most of the packaging market in the first half of this year, Ruifeng photoelectric also have good performance. July 11th, Ruifeng photoelectric released in 2013 semi annual results notice. Announcements, from January 1, 2013 to June 30th, attributable to shareholders of listed companies net profit of 23 million 870 thousand yuan -2785 million, an increase of 20%-40% over the previous year.

In the first half of this year, the LED industry has become an indisputable fact. It is reported that most of the domestic LED packaging factory orders full hand. Honglitronic a responsible person revealed to the media, although the machine full production, the company orders still to be routed to September. Due to the packaging in the middle reaches of the LED industry chain, the upstream and downstream market situation is directly reflected in the packaging sector, therefore, the operating rate of the packaging industry is to observe the domestic LED industry boom.

In fact, from the beginning of the first quarter of this year, LED industry will usher in the development of the market "inflection point", from the mature development of the policy support to technology, to manufacturers of distribution channels are continuously stimulated LED industry to pick up "". In addition, the three quarter of the traditional peak season for the lighting industry, therefore, the industry agreed that the LED industry is expected to get rid of this year's decline in the previous two years, ushered in the real outbreak".

Lighting market hot stimulating the rapid growth of the industry chain

After a long winter LED industry, finally ushered in the spring of 2013". From the relevant LED listed companies, the main driving force for growth in the performance of the lighting market. 2013 LED lighting market directly stimulating the rapid growth of the whole industry chain.

According to the announcement, Zhejiang sunshine lighting two quarter operating income of $812 million, a record high revenue growth of 32%. The company disclosed that LED has become the main driving force in the first half of the company's performance growth. It is reported that the main business of solar lighting is divided into energy-saving lamps, LED, T5 high-power fluorescent lamps and special lamps, which accounted for 53% of the first half of energy-saving lamp business, accounting for LED. During the reporting period, in addition to LED to achieve 337% of revenue growth, the other three business revenues have varying degrees of decline.

LED lighting main business rectangular lighting the first half of 2013 to achieve the product sales income growth, the company believes that the main reason is because the LED industry, to pick up the first half of 2013, and showed a gradual positive trend, market demand continued strong. At the same time, the company's products to market access to cost-effective, with strong competitiveness, various types of products, sales, sales, rapid growth in sales revenue to maintain rapid growth. At the same time, the company began to show results in the construction of the channel, greatly promoting the company's application of product sales, product sales revenue grew significantly.

Industry boom is also starting from the upstream to the downstream conduction. Sanan optoelectronics disclosed in the semi annual report released in the first half of this year, due to strong demand for LED lighting equipment, basically in a state of full production, the company's revenue growth of 22.13% over the previous year, attributable to shareholders of listed companies net profit after deducting non recurring gains and losses of more than 33.47% of the year. At the same time, another Fujian LED upstream industry chain company changelight, also released the first half performance snapshot, because in 2013 the LED industry in the first half of the growth in demand, the company's product sales and operating income of the year showed a growth trend.

Price decline does not increase profit margin phenomenon still exists

Although the industry to pick up the environmental impact, the rapid growth of chip package, demand, but because of further price decline and other factors, some LED companies are still unable to get rid of the plight of income does not increase profits, HC semitek, Lehman photoelectric company have notice of interim decline.

July 12th, Hua Guang photoelectric released the 2013 semi annual results notice. Announcement shows that from January 1, 2013 to June 30th, China net attributable to shareholders of listed companies net profit fell by about 46.1%-67.6%, profit of about 12 million yuan -2000 million. At the same time, honglitronic also released the 2013 semi annual results notice. Announcements, January 1, 2013 to June 30th, honglitronic total operating income of 308 million 686 thousand and 100 yuan -33440.99 yuan, a year earlier than the 20%-30% growth; attributable to shareholders of listed companies net profit of 20 million 331 thousand and 900 yuan -2345.99 million yuan, down 25%-35% over the previous year.

The main profit decline