Multiple positive fermentation LED plate rose 4.32%

Yesterday to the concept of LED as the representative of the concept of science and technology sector led the market to become the leader in the market. According flush IFIND data show that yesterday LED plate rose 4.32%, outperforming the Shanghai Composite Index by 3.42 percentage points.

Specifically, LED plate yesterday, Lehman photoelectric (9.97%), Yankon (9.96%), Silan (6.95%), de Ho Runda (6.7%), Sanan Optoelectronics (6.23%) and other 5 stocks rose more than 5%. From the aspects of capital flows yesterday, LED plate single net inflow of funds amounted to 233 million yuan, of which, Sanan Optoelectronics (136 million yuan), Yankon (40 million 858 thousand and 300 yuan), shares the same side (38 million 383 thousand and 600 yuan), Elec-Tech (21 million 349 thousand and 400 yuan), Silan (15 million 440 thousand and 900 yuan), Lehman photoelectric (12 million 726 thousand and 800 yuan).

In this regard, analysts believe that the recent multi positive gathering in the LED concept, under the guidance of relevant policies, this year is expected to become a turning point in the concept of LED year.

First, the recent development and Reform Commission announced the semiconductor lighting energy saving industry planning, the recent development of China's LED lighting industry guidance. According to the plan, by 2015, more than 60W general lighting incandescent lamp will be eliminated, energy efficient lighting and other traditional lighting products market share stable at around 70%.

Secondly, it is reported that China gradually reduce the amount of mercury in fluorescent light road map has been officially released. "Road map" proposed by the end of 2014 and strive to completely eliminate the production of liquid mercury target. The industry believes that with the elimination of backward production capacity, with advanced production capacity of leading enterprises will have more room for development. At the same time, by the end of 2013, for the elimination of compact fluorescent liquid mercury production process; by the end of 2014, and strive to completely eliminate liquid mercury production process.

Data show that in 2011, China's fluorescent lamp production of about 7 billion, accounting for more than 80% of global production. Among them, the compact fluorescent lamp production of about 4 billion 700 million, export 2 billion 800 million; other types of fluorescent lamp production of about 2 billion 300 million, exports of only 770 million. According to China's 2008 release of the industry standard "lighting electrical products of toxic and harmful substances in the limited requirements" provisions of the compact fluorescent lamp mercury content up to 5 mg, fluorescent lamp mercury content up to 10 mg per year, dozens of tons of mercury fluorescent lamp industry consumption.

Benefit from a series of industry support policies, the industry generally optimistic about China's LED lighting market. According to statistics, from 2009 to 2013, the market size of the compound growth rate of 43.58%, is expected by the year of 2013, China's LED lighting market is expected to reach RMB 73 billion yuan. Residential lighting is the world's largest application market, home lighting is essential for consumers. The LED lighting system to quickly enter the market, residential lighting lighting to replace the traditional light bulb, but because the consumer sensitivity to price is high, so in 2012 the penetration rate of LED lighting in the residential lighting market is about 13%, still needs to be improved.

It is worth mentioning that the large inflow of funds yesterday most is Sanan optoelectronics, the largest manufacturer of color high brightness LED chip. The company has formed an annual output of 5 million 800 thousand LED epitaxial wafer, chip production capacity of 128 billion, the total production capacity ranked first in the country. In 2013 the company will form an annual output of 10 million LED epitaxial wafer, chip size of the integrated production of 300 billion.

In this regard, Founder Securities believes that the LED industry experience integration and price adjustment in the previous two years, the market order and competition are more healthy and stable, this year for the rapid development of LED will be the ideal time. Over the past two years, the phenomenon of excessive investment capacity gradually ease and shift to the middle reaches, upstream chip and downstream terminal product bargaining power will be strengthened. The ends of the industry chain enterprises have a strong brand and product reputation in the early stage in the LED industry policy will be more benefit, it is recommended to focus on with the largest production scale LED chip manufacturer Sanan optoelectronics and domestic has the advantage of brand lighting manufacturers lighting yang.