To 500 billion LED lighting low boom continues counter attack Road

Already set the tone for the 500 billion scale, mean that LED company counter attack dream. July 12th, the beginning of this year has fallen over 20% of the LED plate collective red, was included in the statistical category of the reporter's main industry companies gain a gain of 2.5% of the 20. Among them, REFOND (300241.SZ) closed in the limit, KingSun (002638.SZ) rose 5.26%, honglitronic (300219.SZ) rose 5.06%, Sanan Optoelectronics (600703.SH) rose to 3.84%. On the same day, the Shanghai Composite Index edged up 0.46%.

The day before yesterday afternoon, the Ministry of science and technology website issued "semiconductor lighting technology development" 12th Five-Year "special plan".

Although the relevant draft May has come out, the market has been expected to plan out, but the market is still played a boost after the official announcement. Semiconductor lighting sector long-term bullish, but the fundamentals or difficulties, industries in the low state of the economy, not short-term opportunities. July 12th, Warburg securities analyst Wu Binghua told reporters.

Corresponds with the basic face, the industry sector long-term downturn. According to our reporter statistics, from the beginning of 2012 to early July 11th, the aforementioned A shares 20 related industry companies fell by as much as 25.47%, the market fell by more than the same period of 5.56%.

The 500 billion pie

Countries to promote national energy-saving emission reduction under the background, the semiconductor lighting industry policy support.

As of May 28th, most of the domestic LED enterprises, application program of LED lighting launched in Guangdong Province, the province of all the public lighting in the field of the government or state-owned capital investment, will be the use of LED lighting products, its support is much larger than the previous state subsidies for energy-saving lighting products.

In the economic downturn, the government at all levels clearly support the industry, companies have the confidence to move forward boldly. But the market is not good, it is difficult for enterprises to do the performance. KingSun secretaries Wei Li told reporters.

In fact, for the semiconductor lighting industry, the domestic industry reached 500 billion yuan in 2015 is quite a leap of the target.

For comparison, according to data provided by the national semiconductor lighting engineering research and development and Industrial Alliance (CSA), in 2011 the scale of China's semiconductor lighting industry is only 156 billion yuan. This means that in the next three years, the industry needs to be more than 3 times the size of last year's figures.

This goal is not necessarily the size of 500 billion yuan can be achieved, but at least one point, that is, the state attaches great importance to this industry, which in itself is very important. July 12th afternoon, an industry analyst told reporters.

REFOND secretaries Wang Yuchun told reporters, "this kind of planning efforts, as companies in the industry not hard, I only in today with our chairman said that the company must strive to become one of 20 to 30 to master the core technology of the leading enterprises. "

In Wang Yuchun's view, planning clearly stated in the "12th Five-Year" white LED light effect to industry (150-2001m/W), the cost is reduced to 1/5, chip localization rate of 80% for each point are quite difficult, business pressure is not small, such as the white LED light effect of Japan's industrialization is also only can achieve 1501m/W, and REFOND this data is currently 120-1301m/W.

Hard turn

LED industry has been referred to as the second photovoltaic industry, since the second half of 2011, the industry boom continued downturn.

At present, the market is still not good, the industry overheating, competition is fierce. The fatal problem of this industry is quick success, many companies do not have the intention to do the product. But this is the stage of the problem, the market is still large, I believe that the long-term trend of the industry will be good. "Shenzhen city aibisen Au Optronics Co deputy general manager Li Haitao told reporters in July 12th.

Wang Yuchun believes that the first half of the industry boom is not bad, most of the company's sales revenue has been improved, the reason for the low profit, it is because of the overall decline in product prices. Ruifeng photoelectric performance in the first quarter of the poor, but the two quarter and up. "

In fact, REFOND is in another July 12th trading day before the evening released a semi annual results notice, the first half of 2012 attributable to shareholders of listed companies net profit of 18 million yuan -2051 yuan, 20 million 513 thousand and 200 yuan more than the same period last year fell 12%-0.

The two quarter is mainly large size LCD backlight LED sales growth. The company's semi annual notice of this decline in the industry listed companies can be regarded as a very small. Wang Yuchun said.

With the application package, REFOND belong to the business of the listed company, Chau Ming Technology (300232.SZ) released in July 12th half year performance forecast for net profit attributable to the listed companies are expected to reduce 10.16%-31.76%, honglitronic the same data for the same 0-25%, Mason technologies (002654.SZ) with 0-10%, only rectangular lighting with the increase of 1.61%-11.44% (300301.SZ) is expected to.

Optoelectronic companies get together serious, the industry is still in the shuffle stage, and the fundamentals of the turning point can not see. I am not optimistic about the current investment in this sector. Wu Binghua said.