Behind the Q1 performance of LED enterprise overall rosy reality

According to TrendForce LEDinside in green energy division under the State Science and technology statistics showed that in 2015 the global LED output value (including visible and invisible light LED) reached $14 billion 325 million, up to 3% years of recession; the LED chip market reached $2 billion 20 million, 7% years of recession, the first negative growth; LED packaging market size of up to $8 billion 800 million the annual growth of only 2%. Chinese manufacturers grew 7%, while international manufacturers fell by 10%.

LED output value of the capital decline, LED behind the market exactly how? To this end, LEDinside statistics of 17 Listed Companies in the first quarter of 2016 LED reported revenue data to view the current status of the LED industry.

Gross profit margin has shrunk, but the overall performance gains across the board

LEDinside statistics of 13 LED enterprises LED in 2015 the main product gross margin, package gross margin in 2015 the overall decline, only to maintain Hongli growth of 0.18%, gross margin is still maintained three chip field growth, while Australia Shunchang, Elec-Tech LED gross margin fell 5.94% and 8.72% respectively. As a net profit growth of high technology, whether it is packaged or lighting, gross margin also showed a downward trend.

Of course, the display field could not escape the decline trend, although Lehman shares of gross margin show a slight increase, but the company's display product gross margin, gross margin decline is the only product appeared in numerous product company. This point in the Alto electronics and Abby's gross margin trend can be seen, display gross margin shrink.

From 17 LED companies revenue and net profit point of view, the growth of the revenue of the 14 companies, the decline of the 3; net profit growth of 13, down 4. Among them, income does not increase profits, the enterprise is poly fly optoelectronics and Abison.

14 revenue growth in the enterprise, and mosopower, Hongli Wan Run, Lehman, Jiawei's revenue growth rate of more than 50%; and the corresponding net profit, in addition to Lehman, the other four have reached more than 90%.

According to the LEDinside data analysis showed that the ratio of the 2015 LED chip industry pile up in excess of requirement of up to 22%, the impact of LED chip industry supply and demand imbalance, leading to LED chip manufacturers wantonly cut, so that a portion of the main specifications of LED average price fell more than 40%; and the dollar appreciation, many manufacturers are showing revenue decline, but the overall performance is why mainland enterprises rosy?

Mergers and acquisitions performance continues

Since LED has gradually entered into the mature stage, the development of LED industry, almost all around the capital operation in mergers and acquisitions, has been released from the corporate earnings can be seen, in 2015 LED listed companies earnings revenue profit almost due to the acquisition of capital gains across the board. Among them, rectangular lighting, Wan run technology, National Star optoelectronics and other enterprises in a large number of mergers and acquisitions, the performance of the most obvious statements.

To the first quarter of 2016, the phenomenon of mergers and acquisitions dress performance continues. According to LEDinside statistics, as of April 26th, the LED design industry in 2016 amounted to nearly 10 billion m, which represents the chip Sanan optoelectronics intends to nearly 1 billion 500 million acquisition of universal package; on behalf of Linsen purchase LED filament lamp enterprises over the age of light for 80% shares, the amount is unknown; display on behalf of Lei Manguang electric 780 million yuan acquisition of Shenzhen city as the new culture media on behalf of NVC to start lighting; 500 million acquisition etc.. (text /LEDinsideSkavy)

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