LED lighting up the future will usher in a high growth period

"Three optical rise so good acoustics are not the best, go up a little? "There are 18 investors in the stock it in said audio, audio with backdoor theme, green lighting industry currently belongs to industry and is located in the country's strong support, and at the same time, the Shanghai local shares, investment highlights a lot. In fact, in the A shares of listed companies, the main business of LED research and development and production of the Sanan optoelectronics and acoustics, Han's laser, Silan, etc.. Especially the 12 billion Sanan optoelectronics investment LED industry of heroic, let people seem to see the bright future of green life LED.

Market will usher in a high growth period

In October 2009, the NDRC and other 6 departments have jointly issued the "opinions" the development of semiconductor lighting industry, the goal is to 2015, the output value of the semiconductor lighting industry with an average annual growth rate of around 30%; product market share increased year by year, functional lighting can reach about 20%, more than 50% LCD backlight, landscape decoration and other products market share more than 70%. According to reports, LED semiconductor lighting industry itself is a low energy consumption, low emission model, its energy consumption is only 1/10 of incandescent lamp, energy-saving lamp 1/3, and the theoretical luminous efficiency and life far more than incandescent and fluorescent lamps. CO2 emission in the power industry first, accounting for the global emissions of 21%. in the United States, energy consumption and emissions accounted for the lighting business and life emissions of 28% and 13%, accounting for indirect accounts for about 4% of global emissions, power saving huge space.

International high brightness LED products are mainly used in large screen, mobile phone backlight, traffic lights, etc.. At present, the domestic LED is mainly used for landscape lighting and mobile phone backlight. With the decline in costs and advances in technology, LED will gradually replace the CCFL to become a laptop, LCD TV backlight, is expected in 2012, the laptop backlight penetration will reach 100%, strong demand for LED. With the development of low-carbon revolution in the future, landscape lighting and indoor lighting will become the LED application market. At present, the main policies promulgated by the State Ministry of science and technology of semiconductor lighting planning and ten city lights, is expected to popularize 6 million LED lights in 21 city, and in 2009 the year only about 300 thousand in the popular light, demand in the short term, the local government's promotion is still strong, LED the future is expected to usher in a period of rapid growth.

Potential market opportunities

Haitong Securities Industry Analyst Qiu Chuncheng believes that it now appears that this year's LED industry fundamentals will continue to improve the development of short-term investors should actively participate. For long-term investors, in addition to the white horse like Sanan optoelectronics company, but also the strategy and management of the industry development prospects, other companies have a clear comb, looking for potential mining stocks.

Such as Shanghai instrument and Electronics Group under the Shanghai local green lighting leading audio, in addition to much market attention its shares 24% cooperation and Morgan Stanley Huaxin securities is expected to a position, its recent pace to enter the LED lighting is also very fast. In May 2009, in order to meet the development of the third generation lighting source -LED lighting era, a wholly owned subsidiary of Shanghai Ya Ming Bulb Factory Co., Ltd. and Taiwan billion optoelectronics co founded Shanghai Solid State Lighting Co., ltd.. Where the light bulb factory invested 10 million yuan in cash, accounting for a stake of $50%. In fact, before April 22nd, Ya Ming had won the bulb factory promotion project in 2009 3 National efficient lighting products package project, Ya Ming lighting factory in 2009 to promote efficient lighting products tasks as a high-pressure sodium lamp 560 thousand, market analysts generally believe that the LED industry will bring high performance support to the company.

Another company is Han's laser, in January 13th this year, the announcement of the company decided to invest 18 million yuan acquisition of Shenzhen yaham 26.5% shares of the Au Optronics Co, at the same time, Yuanheng photoelectric acquisition and replenishment of 23 million 800 thousand yuan, after the capital increase, the company holds a total of 51% Yuan Heng photoelectric shares.

Statistics show that the company is mainly engaged in LED Yuan Yuan indoor, outdoor display and semiconductor lighting technology development, production and sales. 2009 1-10 month sales of 53 million 150 thousand yuan, net profit of $2 million 120 thousand. Haitong Securities is expected in 2009 the company's LED business income scale may be more than 200 million yuan, in the premise of the smooth development of the market, in 2010 LED business revenue is likely to reach $400 million, net profit in the scale of 3000-4000 million. Expected 2009, 2011, earnings per share were $0.14, $0.36, $0.46, the target price of $14, corresponding to 30 times earnings in 2011.

But the market has been the attention of the LED industry leader - Sanan optoelectronics, recently announced its plans to invest 12 billion yuan LED production base construction plan, and with the market rumors of Sanan Optoelectronics in 2009 May 10 to send 10 annual report rumors, Bank of China international industry analysts refer to a light show, the company can continue to pay attention to future performance.