Devaluation of Southeast Asia into the lighting industry export hot spots?

11, the central parity of RMB against the U.S. dollar reported a record low since April 25, 2013, compared with the previous trading day devaluation of 1136 points, nearly 2%, the largest one-day decline in history. Dollar spot Wednesday refresh intraday low of four years, the latest reported 6.4276 yuan, nearly two days of accumulated depreciation of approximately 3.4%.

Financial experts pointed out that an important step in the reform of the RMB exchange rate formation mechanism. The central bank introduced the background of this measure, first, the export growth performance is not satisfactory; two short-term capital outflows.

In this regard, the central bank in the interpretation of July credit data also said: "at present, China has been highly integrated into the global economy, the recent currency of emerging market economies generally dollar has depreciated, the Renminbi remained strong, this has brought some pressure to China's export. "

The RMB exchange rate against the U.S. dollar initiative means that the real estate and other heavy asset industry will be adjusted, resources may be re allocated to SMEs and emerging industries, contribute to economic structure optimization. Specific to the impact of the relevant industry, the devaluation of the textile, instrumentation, communications, computers and other export-oriented industries positive impact.

So, the devaluation of the LED enterprises have any effect? Some investors said that the devaluation of the renminbi is Elec-Tech benefit from the largest LED company, because its exports accounted for revenue ratio of more than 50%, the highest proportion in the same industry.

Let's listen to the views of the LED export enterprises themselves for the devaluation of the renminbi.

The general manager of Foshan Nanhai Mao domain Lighting Co., Li Zhipeng said that the RMB devaluation effect for the LED lighting business is not large, "China lamp manufacturing country, export demand need or need, do not take the goods in Chinese lamps where to get? A slight depreciation of the LED lighting manufacturing companies rely on this little impact, unlike textile and building materials and other manufacturing industries, they also Vietnam, India, Philippines, Malaysia, etc.. Foreign trade of the country's economy is good or bad for the lighting companies will have a significant impact. "

But for the LED chip companies and the circulation of the light source enterprises, the impact of fluctuations in the exchange rate is greater. Because the chip has the United States, Japan, Taiwan, South Korea and other competitive areas. Li Zhipeng added.

The general manager of Shenzhen city green SanDisk integrated science and Technology Co Ltd by Chen Heng believes that the devaluation of the renminbi in the influence of LED export enterprises have certain limitations and should be viewed from the market, exported to Southeast Asian markets, if the use of domestic chip, it is good, but exports to the United States or Europe, may not be good.

By then Chen Heng analysis, on the one hand, mainly to Europe and the United States, the domestic LED chip by patent restrictions, most need to rely on imports, the devaluation of the renminbi, import is relatively expensive, so China LED factory just to earn a very small part of the processing fees. From this point of view is to offset the impact of the elimination of imported chips, export the entire lamp, the interests of certain restrictions.

On the other hand, compared with the third world countries, such as Southeast Asia, the devaluation of the renminbi is good, but it is not absolute positive, with certain restrictions. "I think the most important is the enterprise's LED technology promotion, from the processing itself, technology, scale, standardization and reduce the control cost is much higher than the impact of exchange rate volatility of 2%, these two aspects are mutually. "

Based on this, Southeast Asia and other emerging markets should be the hot spot of the recent domestic LED companies export.

Dongguan crown semiconductor foreign trade business manager Huang held a different view: "the devaluation of the renminbi is a good news for the vast majority of export enterprises, more or less will stimulate the growth of foreign trade enterprises. But for the lighting industry, the need for different markets for export analysis. "

He carried out a more detailed analysis of the European and American markets:

The Western European market, because the purchase amount of enterprises is not large, and the market tends to saturation, they are not very sensitive to price, so the devaluation for most European companies is not attractive; in addition, there are a lot of enterprises to enter the Western Europe during the holiday, so a short time does not appear in order what type of growth.

The Eastern European market, I personally think that Eastern Europe is one of the treasures of the lighting industry, especially lighting accessories industry. In Russia, for example, they are very sensitive to price factors, after all, Russia is one of the major producers, will purchase materials from different countries, the devaluation of the RMB for them is to reduce the cost of production. "It will make the already active Russian market more active. "

The North American market, should be the most influential market devaluation. Because North American companies are not only large purchases, but also very sensitive to the price, and the devaluation of the Renminbi for them also greatly reduce the cost. At the same time, the lighting industry, because of the high market access, the North American market is still a lot of blank, so the North American market specializing in export enterprises should be expected to usher in a small increase in sales.

In summary, the devaluation of the renminbi in the LED export enterprises have influence, but is not large, enterprises should return to its comprehensive competitiveness, as Chen Heng said, LED enterprises to upgrade their technology is the most important.

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