After the “big reshuffle†of the industry in 2015, the LED industry began to show signs of recovery in the first half of this year.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), LED listed companies recently announced the results of the first half of 2016. About half of the company's earnings have increased year-on-year, and at least five companies have doubled their performance.
Among them, many listed companies have deployed emerging markets such as virtual reality and culture and sports to diversify. But among them, the voice of a key market seems to be particularly prominent, providing investors with a pointer.
On July 14, Alto Electronics (002587) intends to purchase 100% equity of Shenzhen Qianbaihui Lighting Engineering Co., Ltd. through the issuance of shares and payment of cash. Qianbaihui is a well-known integrated solution provider for lighting engineering industry in China. .
Also this week, Liard (300296), a wholly-owned subsidiary of Shenzhen Jinda Lighting Co., Ltd. won the bid for “PPP Project for the renovation and upgrading of night lighting in Chifeng New District†with RMB 256 million.
At the same time, the first name of the landscape lighting project, which was just launched on the GEM this year, Mingjiahui (300506) announced the 2016 semi-annual performance forecast, achieving a net profit of 2,217,900 yuan to 28,822,200 yuan, an increase of 0% to 30%.
M&A and earnings indicators indicate that the current domestic lighting engineering market is booming, and Zheng Jian points out that the LED industry is under the blue ocean.
Among them, and marry into the giants; turn, go up the stairs. And, you can go with the capital, and go with the listed company, this is a way out; turn, you can improve the transfer, do smart lighting, do smart home, do smart city.
Nowadays, China's urban construction is developing at a rapid speed. As a necessity for urban construction, the lighting engineering industry is constantly improving. Many engineering projects are in vain, and it is believed that many industrial enterprises will benefit a lot.
1. Alto Electronics plans to acquire 300 million Huizhou landscape lighting projects (click for details)
Alto Electronics (002587) disclosed a major restructuring plan on the 14th. The company purchased 100% equity of Qianbaihui held by Shen Yongjian, Zhou Weijun, Wang Yawei, Luo Xiaoshan, Zhongzhao Longteng and Hanhuayuan Investment, and paid a transaction consideration of RMB 30,000.
Qianbaihui is a well-known integrated solution provider for the lighting engineering industry in China. It is mainly engaged in the construction and design of landscape lighting projects and the development, production and sales of lighting products. The first major customers in 2014 and January-March 2015 are Wanda Group.
Due to the operating characteristics of the lighting engineering construction industry. As of March 31, 2016, the net amount of accounts receivable of Qianbaihui was 57.095 million yuan, accounting for 47.87% of the total assets. Qianbaihui promised that the company's net profit attributable to owners of the parent company in 2016, 2017, 2018 and 2019 after deducting non-recurring gains and losses shall not be less than 23 million, 28 million, 33 million and 39 million respectively. .
If the transaction is successful, it will increase the scale of Alto's LED lighting business, thus driving the company's performance growth. The company and Qianbaihui's main downstream customers have cross-cutting and similarity. After this transaction, the company and Qianbaihui will use each other's customers and channel resources to realize the coordinated development of the two businesses through cross-selling resource integration mode.
2, let LED illuminate the territory of China's South China Sea is inviolable (click for details)
ASEAN's rapid economic growth, large infrastructure investment, low tariffs and even zero tariff policies are all very attractive, providing another market for China's LED export enterprises.
A single Philippines alone is not a threat to China, but if it is united throughout ASEAN, it is another matter. From the trade data of China and ASEAN in 2014 (to reach 480.394 billion US dollars), ASEAN and China account for 13% of world trade. This is a huge economy with a population of 1.9 billion and a GDP of 6 trillion.
At present, in the industrial chain of ASEAN LED lighting, domestic LED manufacturers occupy a very important position. Chinese manufacturers are looking for partners in the local area, mastering OEM orders, and quickly opening up the Southeast Asian market. In addition, "the brand is also very important." Mulinsen executive general manager Lin Jiliang said more than once. Establishing a brand image and mastering the advantages of local channels will also help to seize the opportunities in the Southeast Asian market and achieve higher product profit margins.
The data shows that among ASEAN member countries (Malaysia, Indonesia, Thailand, Philippines, Singapore, Brunei, Vietnam, Laos, Myanmar and Cambodia), Vietnam, Malaysia and Singapore have become the top three exports of China's LED products to the ASEAN market in 2015. country.
3, Yiguang Electronics: Product specifications to fully enhance the LED faucet to seize new opportunities! (Click for details)
The most important thing for Yiguang is to achieve a balance between cost and quality. Taking the existing 2835 device as an example, Yiguang is working on the development of single crystal to polycrystalline, and the upstream suppliers of small-size wafers have high yields. The development of crystal direction is an effective solution to reduce costs.
In the second half of the year, the 2835 device of Everlight's three-chip 9V 1W will be enlarged in the second half of the year. The cost is relatively lower than that of the previous two chips. This is also an effective way for Yiguang to improve its product performance and competitiveness in response to market demand.
In the whole industry, the control of the entire cost and quality is far ahead of other manufacturers. Compared with other LED manufacturers, they are mainly in lighting and backlighting, and these two pieces are the hardest in the industry. In addition to these two layouts, Yiguang accounts for 60% of the other profits. The products, such as infrared, display, flash, automotive and other industries, the prospects are promising, and the future of Everlight is also accelerating the overall rapid development of such markets.
At present, the overall plan is to further expand production. Both Taiwan and the mainland are conducting simultaneously. In the next step, Yiguang will continue to be optimistic about the development of display, lighting, infrared and automotive products, which will also become the focus of expansion.
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