Orient Securities: LED industry performance inflection point now

Just after the new year, affected by the national policy LED stocks in the Chinese stock market suddenly emerged as a bright spot in the A-share market A. In this regard, the research on the structure of LED industry have released a research report, yesterday, Orient Securities yesterday also released the latest report, pointed out that LED industry performance inflection point now.

Orient Securities said that due to the snake spring festival in February, plus, energy-saving appliances subsidy stimulation, before the Spring Festival promotional TV fanatic, the number of terminal TV sales reached a record high; followed by the complete prohibition and Chinese, incandescent lamps LED lighting demonstration project promotion, LED lighting penetration acceleration. January 2013 revenue performance, due to the impact of the Spring Festival holiday in February, the chain is expected to decline. But TV is expected in March will be in the holiday promotion LED backlight, lighting in the policy stimulus, is expected to have a better performance, an expected performance will be greatly improved LED enterprises throughout the first quarter, the chain is expected to continue upward, the performance inflection point.

Orient Securities believes that due to the Spring Festival LED TV sales, inventory digestion is good, is expected as a new batch of energy-saving appliances subsidy promotion, holiday promotions, then back to inventory the strong, is expected to drive the industry chain continued to improve.

Outside the case, LED manufacturers began to benefit from the wisdom of mobile phone and TV stocking effect, overall, LED backlight market demand relative to enter Nirvana, LED upstream and downstream manufacturers in Taiwan area are showing bright revenue growth.