Investment aspect: Xiamen XinDa will share an electronic LED concept of positive

The Ministry of finance, the national development and Reform Commission recently jointly issued the "Interim Measures" efficient lighting products to promote financial subsidies to fund management, related enterprises crashed against the market trend, such as FSL, LIAN, Zhejiang sunshine, snow Wright photoelectric, Party etc.. The industry generally believes that the policy of energy saving and emission reduction work to accelerate cash, consumers purchase costs, such products will stimulate domestic demand, improve the industry competition pattern, one of the leading enterprises more obvious benefit. With the disk, like the LED concept of the party, Zhejiang sunshine, snow Wright, LIAN photovoltaic and other related species, the inflow of funds is very obvious, the transaction price is soaring rapidly enlarged, at least, are recorded two consecutive daily limit. It seems that the market is expected to further the development of energy-saving lighting plate depth. Therefore, we believe that only in the field of LED love Xiamen XinDa, is more worthy of positive attention, especially the Sanan electronics company shares will become the largest shareholder of S*ST north-teny through asset restructuring, Xiamen XinDa will also share the tangible equity appreciation income! The stock market is currently lagging behind the two market trend, so the future is facing a blowout rise!

LED won the industry policy support for the good

The excellent performance of semiconductor lighting with its high luminous efficiency, high color, power saving, long life is known as the third generation light source, new green products, on behalf of the development direction of light in twenty-first Century. In our country, lighting electricity consumption accounts for about 12% of the total electricity consumption of the whole society, if the existing ordinary incandescent lamp all replaced by energy-saving lamps, the national one year can save electricity by about 60000000000 degrees, equivalent to the annual power of the Three Gorges power station.

Recently, the Ministry of finance, the national development and Reform Commission jointly issued the "Interim Measures" efficient lighting products to promote financial subsidies to fund management, will focus on supporting efficient lighting products to replace incandescent lamps in use, and other inefficient lighting products, mainly including self ballasted fluorescent lamps, three color double end straight fluorescent lamps for general lighting (T8, T5) high pressure sodium lamp and metal halide lamp, such as electric light source products, semiconductors (LED) lighting products, as well as supporting the necessary ballast. Country to take an indirect way of subsidies to promote, namely unified bidding to determine the promotion of efficient lighting products enterprises and supply agreement price, financial subsidy funds supply of successful enterprises, again by the enterprise according to the sales price minus the agreement to supply financial subsidies after the price to the end user. Interim Measures provides that the bulk of the user by the central government to provide 30% of the contract price of the supply price subsidies; urban and rural residents of the central government in accordance with the contract price of the supply price of subsidies granted to the 50%. "11th Five-Year" period, the state will promote 150 million energy-saving lamps, saving 29 billion kwh, reducing carbon dioxide emissions by 29 million tons.

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. CITIC Securities (600030) research report pointed out that, due to the specific tender product type and quantity are unknown, roughly according to the average price of 6 yuan, a comprehensive subsidy rate of 40% estimate, 150 million to promote energy-saving lamp in 2008 to 2010 three years the average distribution, the annual income subsidy income amounted to 120 million. As the leading enterprises in the lighting industry in the production capacity, after-sales service, quality and other aspects have greater advantages, leading enterprises to benefit more obvious.

Xiamen XinDa LED industry has a special liking

It should be said that Xiamen is a XinDa, the company not only established a joint venture holding subsidiaries engaged in LED packaging, application development and industrialization of the Xiamen langxing photoelectric Co Ltd soft spot for the LED industry, also holds the largest and most complete industrial chain products, most of the LED manufacturers in Xiamen three Electronics Co. Ltd 10% equity.

At the end of October 2007, the Xiamen XinDa announced the signing of a "joint venture agreement" with the Xiamen langxing photoelectric Co Ltd, jointly invested 200 million yuan to set up a XinDa in Xiamen Photoelectric Technology Co. ltd.. Data show that the photoelectric XinDa registered capital of 200 million yuan, the company money invested 140 million yuan, accounting for 70% of the registered capital; langxing photoelectric money invested 60 million yuan, accounting for 30% of the registered capital. The company is engaged in the field of photoelectric technology research and consulting services, optoelectronic products production, sales, engineering and services. Xiamen XinDa said that the purpose of the foreign investment is to accelerate the pace of development of the company's main industry, electronic and information industry, to seek a new profit growth point of the optoelectronic industry. Long term joint venture star in ultra high brightness light emitting diode (LED) packaging and other products R & D and production has been more mature experience. To this end, the two sides take advantage of their respective capital and industrial resources, and jointly establish ultra-high brightness LED packaging, application research and development and industrialization base.

Xiamen XinDa currently holds a 10% stake in Xiamen Sanan Electronics Co. Ltd., the total assets of 800 million yuan, net assets of 500 million yuan. Data show that three electronics is the largest ultra high brightness light-emitting diode epitaxy and chip industry base, the main products for full-color LED epitaxial wafers, chips, optical communication core components, national semiconductor lighting project leading enterprises department of Ministry of national science and technology delineation, current production capacity accounted for more than 58% in China, ranking first in the country who, in the Asia Pacific region (excluding Japan) ranked fourth.

An electronic white S*ST Tianyi good Xiamen XinDa

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