Rapid growth in the LED industry panel shipments continued to grow

Analysis of the electronic industry weekly, 2015 1-5 months, the overall size of China's semiconductor lighting industry reached 179 billion 300 million yuan, representing an increase of 22.7% over the same period last year, to maintain a high growth rate. Upstream epitaxial chip size of about 6 billion 600 million yuan, an increase of 15% in the middle of the package size of about $25 billion 900 million, an increase of 20%; downstream application size of $146 billion 900 million, an increase of 23.6%. On the growth of each link during the first half of the upper and middle reaches of the situation, due to fierce market competition, a slight excess capacity, the overall growth rate decline last year, but growth is still rapid downstream application link. In addition, automotive lighting, agricultural lighting market started significantly faster than last year. Exports, the first 5 months of 2015, China's exports of LED lighting products $4 billion 80 million, compared with the same period in 2014 fell by 7.06%. The first four months compared with the same period last year fell significantly, in May the export growth rate increased to 9.28%.

In the first half of 2015, the global panel market showed a downward trend. According to IHSDisplaySearch data show that in 2015 a quarter of the global panel shipments grew by 3.1%, while shipments in the quarter is expected to decline by 1.4%, showing a downward trend. In particular, tablet PCs and other IT products, shipments decreased by 1/5. In the face of the overall decline in market demand, accelerate the development of domestic panel shirt innovative products, the proportion of high value-added products steadily; the production line structure adjustment by providing flexible, multi size, diversification of products, to meet the diverse needs of customers at home and abroad; deepening strategic customer cooperation, strengthen the ability to withstand market volatility. IHSDisplaySearch is expected in the second half of 2015, global panel shipments will grow by 5% over the first half. With the October golden week sales season, the panel market demand will keep rising trend during the first half of the year. Accordingly, we recommend investors concerned about the panel industry related enterprises, such as East China Science and technology, BOE A, rainbow shares.

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