Analysis on the credit investment of LED industry from Olympic Games

The opening ceremony of the twenty-ninth Olympic Games, directed by Zhang Yimou, shows the splendid civilization of China for the past 5000 years with its great boldness. In this magnificent opening ceremony, LED has been widely used. Numerous LED will be built into the digital era of the stadium multimedia space.

The opening ceremony of a large number of LED, the future development of the industry has a huge role in promoting. At present, the LED industry chain has been basically mature, local manufacturers have been able to provide epitaxial film, LED chip, driver chip, lamps, engineering complete industrial chain.

First, the Chinese government strongly support the development of LED industry

China's LED industry started in the 70s of last century, in the late 90s high brightness LED industry has been rapid development. China's LED industry has initially formed a relatively complete industrial chain. China's LED industry has experienced a buy device, buy chips, buy epitaxial film after the road, has now achieved the independent production of epitaxial wafers and chips. At this stage, the number of people engaged in the industry reached more than 50 thousand people, research institutions, enterprises, more than 4 thousand, of which more than more than 50 upstream enterprises, more than more than packaging enterprises, more than 1000 downstream enterprises in the application of more than 3000. Especially in 2003 to set up China semiconductor lighting working group marks the government hopes for the development of LED lighting in the area of high, LED as the light source to enter the general lighting market has become the core industry development after the day. In the "national semiconductor lighting project", the formation of the six industrial base Dalian light industrial park, Shanghai Zhangjiang hi tech park, Nanchang Technology Park, Xiamen Kaiyuan LIAN photoelectric science and Technology Park, Beijing Yizhuang economic and Technological Development Zone and Shenzhen Guangming hi tech zone. Yangtze River Delta, Pearl River Delta, Fujian Delta and the northern region has become a gathering place for the development of China's LED industry.

Due to the overall strength of China's LED industry is not strong, is still in its infancy, the size of the enterprise is generally small. The state attaches great importance to, and in the "national long-term science and technology development plan" will be clearly classified as "semiconductor lighting products in key areas and priority themes", put forward "semiconductor lighting products focus on high efficiency and energy saving, long life". National Development and Reform Commission has launched ten key energy conservation projects, put forward in 11th Five-Year will achieve the goal of saving energy saving of 2.4 tons of standard coal, which is an important aspect of green lighting.

Earlier this year, the Ministry of finance, the national development and Reform Commission jointly issued the "efficient lighting products to promote financial subsidies Interim Measures for the management of funds" (Choi Building [2007]1027). This is the Chinese government to increase efforts to promote efficient lighting products, and promote energy-saving emission reduction targets to achieve another important measure. Because China's energy-saving lamp market accounted for the entire lighting market share is not great, it also has great development space, the Agency predicted the next five years the domestic energy-saving lighting industry will reach a CAGR of around 27%, and in support of national policy, the development may be faster.

In the field of lighting, China is the world's largest producer of lighting appliances, the second largest exporter, semiconductor lighting industry has a strong industrial base, so the future of China's LED will face enormous opportunities for development.

Two, enterprises focus on the lower reaches of the industrial chain

The world has formed the industry pattern in the United States, Asia and Europe as the leading and showing to a situation of tripartite confrontation, Japan and the United States, Germany as the industry leader, Chinese Taiwan, followed by South Korea, Chinese echelon distribution of mainland China and Malaysia and other countries and regions actively follow up. In the upper reaches of the LED epitaxial wafer, chip production, the United States, Japan, the European Union still has a huge technological advantage, while China's Taiwan region has become the world's important LED production base.

China's existing LED more than 600 enterprises, enterprises are mainly concentrated in the downstream packaging and application areas, the domestic LED upstream epitaxial wafer and midstream chip companies in more than 10.

In 2007, China application product value LED market has been more than 30 billion yuan, has become the LED full-color display screen, solar LED landscape lighting application products the world's largest producer and exporter of semiconductor lighting industry is emerging. Chinese LED market has formed a certain characteristics in the field of lighting, the outdoor lighting is the fastest, there are hundreds of enterprises and the construction of LED Street dozens of demonstration Road, but China market in large size LCD backlight and automotive headlamp is still backward. LED display screen has been widely used in china. LED car lights are a large number of applications, including the highest technical requirements of the headlights this year, there may be a new breakthrough. LED backlight applied to LCD this year has reached the stage of practical application. LED street lamps in 2008 may be a large number of inputs to the road lighting, LED general lighting concept will be more clear.

Three, bank credit investment opportunities analysis

LED technology is recognized as one of the most promising high-tech fields in twenty-first Century. It will lead to a revolution in lighting, but also to promote energy-saving emission reduction, environmental protection, building a conservation oriented society to make a significant contribution. The rise of global economic integration, international LED lighting industry is to China industry echelon transfer, which makes the LED lighting industry has China achieve leapfrog development possible.

Industry competition in the future will depend on two aspects, one is technology, which includes improving the luminous efficiency and reduce the cost, improve the device power technology, extends the existing technical route direction, there may be a new technical route; also including technology for high quality products, such as lighting and peripheral system design and driver chip design technology; two is the size, one is due to the large scale can reduce the cost of market