Prospects of how the layout of the elimination of incandescent or achievements LED

Background

LED lighting alternative effect

Draft proposed, from October 1, 2012 onwards, to prohibit the sale and import of 100 watts and above ordinary incandescent lighting; from October 1, 2014 onwards, to prohibit the sale and import of 60 watts and above ordinary incandescent lighting; on the basis of energy efficiency standards, prohibit the production, sale and import of the light effect is lower than the energy efficiency of limited inefficient tungsten halogen lamp the value of the. According to reports, the Chinese version of the elimination of incandescent roadmap will be officially released in October 1st this year.

In fact, energy saving and emission reduction in the power of the "12th Five-Year" period, high power consumption and short service life of the incandescent lamp is already approach death time.

Investment adviser photoelectric industry researcher Tian Berson pointed out that for the incandescent lamp industry, completely out of the use of ordinary incandescent lighting of this industry is a fatal blow. To the production of incandescent lamp industry will be greatly affected by the performance of the company. But in recent years, enterprises have successively to the incandescent lamp, energy-saving lamps and other lighting products, transfer, and outlook of the energy-saving lamp demand, the original production of incandescent lamp enterprises through the transformation of the growth of the possibility of maintaining is still great. In the elimination of the use of ordinary lighting incandescent lamp, energy-saving lamp industry benefited from the increase in market demand, will usher in a strong demand. This is the biggest benefit is low power consumption, long life LED energy-saving lighting industry.

State investment officer Huang Daolin also pointed out that now LED energy-saving lamp cost with the improvement of industry chain and technology breakthrough has been achieved using the widespread promotion, "Chinese NDRC compiled out incandescent roadmap" is the right time. This roadmap for the LED industry is a big positive, LED energy-saving lamps instead of incandescent lamps is only a matter of time.

Strategy

Upstream focus on LED chip

In the LED industry chain, Huang Daolin believes that LED chip, related electronic components, LED energy-saving lamp products, there is a huge investment opportunities, although the relevant listed companies in the last year there had been a wave of speculation, but after a long time after the adjustment, the valuation has a comparative advantage, with a certain investment space. For example, LED chip related listed companies Silan, Sanan optoelectronics LED energy-saving lamps, the listed company are big group, LIAN opto electronic components, LED related listed companies have long power technology, Fenghua etc..

LED Societe Generale Securities industry analysts optimistic about the long-term development of the LED industry, that the "12th Five-Year" will be the golden period of development of the industry, promising on the industrial chain of high-end packaging and downstream application link. Societe Generale Securities believes that the LED package is the LED lighting industry chain of the throat, will usher in a development opportunity, this trend will appear modular links; while in LED lighting applications, the accumulation of breakthrough LED industry chain enterprises with the traditional lighting optical design field, has certain advantages in the LED lighting link channel the King's law also applies to the field of LED lighting applications, has a certain scale, optimistic about their own brand of LED lighting production enterprises, the scale and channel is the win in the fierce competition in the downstream of the advantage, recommend Zhejiang sunshine.

And Societe Generale Securities point convergence, Shenyin Wanguo Securities at the end of last year had asserted that, with the energy-saving and emission reduction in advance, belongs to the LED lighting is coming. In the field of LED packaging, SW securities recommend the country star optoelectronics. In addition, because Fu Jing technology with technological innovation and packaging technology is expected, are worthy of attention.

Berson Tian believes that benefit from the LED energy-saving lighting industry listed companies, REFOND LED engaged in high-end packaging business, is currently the third largest SMDLED packaging manufacturers, the gross margin level is located in the forefront of the industry, has a number of patents in the field of lighting, have unique advantages, the rapid expansion of production capacity, the expected future development prospects better; FSL in the lighting business strength, strong profitability, LED lighting products also achieved significant breakthroughs in technology leading level. With the further expansion of energy-saving lamps and LED market, FSL's future growth potential is still strong.

Long term layout Enterprises

Yinteng prospective SEEC analyst Sun Xudong analysis the development potential of LED industry, he pointed out that with the LED lighting the overall popularity of the forthcoming era, estimates that global LED industry output in 2011 will reach $20 billion 800 million, the annual growth rate of 38%; in 2012 will reach $30 billion, the annual growth rate of more than 40%; in 2013 have the opportunity the challenge of 50 billion dollars, annual growth rate will reach more than 60%. There are indications that the next 3-5 years, LED lighting really replace the traditional lighting era is coming, at that time, LED into the market conditions of thousands of households will be basically perfect. LED industry is bound to undergo a massive reshuffle, market restructuring movement.

Investors for domestic LED listed companies to choose, the first problem to consider is 3-5 years later, when the LED industry market and facing reshuffle, the layout of domestic manufacturers in the fierce competition and foreign giants to suppress crowding both inside and outside pressure to survive the company. At present, has been cut into the LED field obviously shares the same side, Australia Shunchang and other leading enterprises is expected to be the first mover advantage, to enjoy sustained high growth industry cake.

In addition to outside lighting, Sun Xudong pointed out that the LED industry has been widely used in intelligent mobile phone, tablet computer and other fields. With smartphones, tablet PCs boom and LED LCD