LED lighting industry: a comprehensive recovery of 60% to achieve profitability

Review: 60% full recovery of the industry to achieve profitability, 2014 LED lighting era. LED industry inflection point upward, profit improvement, policy catalytic acceleration.

Annual report will soon enter the climax, the next annual market will be how to start? Industry insiders believe that companies in the industry to benefit from economic recovery after the results of the inflection point, with the market adjustment victimizes, which line the value of the investment will appear, is likely to become the main force of the third wave of the annual market. This newspaper today launched a series of reports on "the annual market nuggets, through annual data reporter combing, choose those industries for investors, are the main body of the inflection point of the concern of the industry and company, in order to help investors.

Comprehensive recovery of 60% to achieve profitability

2014 LED lighting era coming. LED industry inflection point upward, profit improvement, policy catalytic acceleration. 2014 industry boom and expansion of confidence will continue to rise, industry growth is expected to resume high growth. Many aspects of information display, LED industry has encountered a turning point in 2013, 2012 LED is almost the entire trade deficit last year has changed, many companies reported earnings news, indicating strong demand for LED lighting has downstream packaging and chip transfer to the upper reaches of the enterprise. Authorities are expected in 2014, China's LED lighting industry output value will grow 58%, reaching $180 billion. At the same time, public information display, China's Taiwan LED industry chain in the first quarter of this year, high degree of prosperity, showing the traditional industry off-season not weak phenomenon. According to incomplete statistics, as of March 19th, A shares 53 LED shares of the company has a total of 43 companies announced in 2013 annual report or performance letters, of which more than 31 companies that last year to achieve profitability of the company.

LED lighting industry: a comprehensive recovery of 60% to achieve profitability

The recovery of the industry is reflected in five aspects:

One: LED and the lowest price difference of nearly 1 times;

Second: $10 sweet point of rapid increase in product types;

Third: the demand to enter the high elastic growth stage, the demand for price sensitivity increased significantly;

Fourth: the proportion of LED lighting applications output value will be comparable with the backlight, is expected to reach more than 40%;

Fifth: 2014 price decline is relatively limited, a single quarter decline in less than 5%.

From the financial point of view, the industry continued to improve profitability, gross margin is expected to gradually stabilize. From a policy perspective, in 2014 the world entered the second wave of incandescent ban peak, accelerate the promotion of LED lighting related products. The profit chain of transmission company overweight investment industry recovery prospects, a broker researcher pointed out that LED industry companies benefit from the order is, by the downstream demand, then transfer to the middle reaches of industry, then the upstream chip field. In fact, from the perspective of the industrial chain, benefiting from the second half of last year, lighting and other market demand is strong, downstream lighting, applications and other related businesses have been basically profitable.