LED (Light Emitting Diode) as the protagonist of green environmental protection, and LED semiconductor lighting source, LED industry has heated up rapidly in recent years.
In the recent securities market, the LED sector has sprung up, and Sanan Optoelectronics and Dehao Runda have closed at the daily limit.
Analysts said that with the breakthrough of core technologies such as luminous efficiency and the widening of application fields, the scale of domestic LEDs is rapidly expanding, and the industrial chain is gradually opening up. However, the concentration of funds has flocked to LEDs, and the sequela of large-scale expansion of upstream manufacturers has begun to emerge. The expansion is not enough to digest the oversupply of the industry. In the next few years, there will be a “great leap forward†in investment, repeating the mistakes of polysilicon.
Competing in the construction of LED base in Hubei
On December 6, last year, Shenzhen Changfa Lighting Group, which was invested by Wuhan Economic Development Group and Changjiang Communication Group, will build the largest LED green lighting industry base in Central China in Huanghua and apply it in the Hankou North Trade Logistics Hub. LED lighting.
According to relevant persons, the construction will be carried out in phases according to market development. It is planned to start construction this year. The first phase will invest 200 million yuan to build 20 automatic production lines with an estimated annual output value of 2 billion yuan.
On September 11, LED street lighting and LED industrial park project settled in Xiangfan. Zhuo Ling Technology (China) Co., Ltd. signed an agreement with Xiangfan City to invest 500 million yuan to build LED Industrial Park in Shenzhen Industrial Park in Hubei (Xiangfan), achieving an annual industrial output value of more than 1 billion yuan. At the same time, the LED street lighting demonstration project was built on two roads in Xiangfan Shenzhen Industrial Park.
Previously, Hong Kong Ruiya Real Estate and Singapore Chuangyuan jointly invested 50 million US dollars to produce LED products in Laohekou.
At present, Wuhan East Lake High-tech Zone has initially formed a new light source industry belt around Binhu Road, and has gathered many LED R&D and production enterprises such as Foxconn, Optics Valley Electronics, Diyuan Optoelectronics, Yuanmao Optoelectronics, and Huacan Optoelectronics.
According to the relevant plan of the new light source industry in Donghu High-tech Zone, we will strive to achieve a new light source industry of 5 billion yuan after 4 years, and cultivate a group of new light source enterprises with considerable competitiveness, forming 2 to 3 new output value of over 1 billion yuan. The light source enterprise group, 5 to 8 new light source application products with an output value of over 100 million.
Application broadening to change the industrial structure
"It is expected that in the next 3-5 years, the main growth momentum of the LED market will come from LCD panel backlights, automotive lighting, general lighting and other application markets." Goldman Sachs Securities Research pointed out that the global LED market scale from 2008 to 2010 The growth rate is expected to be 18%. "Time is value, the sooner it goes into production, the better it will be for the company's future development." A company executive admitted that entering the LED is a huge market prospect and a high gross profit margin.
On December 14, Zhuo Ling Technology (Xiangfan) Co., Ltd. with a registered capital of 100 million yuan settled in Xiangfan High-tech Zone.
Liu Xiong, chairman of Zhuo Ling Technology, said that considering the huge market share in applications, the number of companies investing in LED applications is gradually increasing.
With the breakthrough of LED luminous efficiency, the application range of the product has also been expanded.
LED street lamps have the characteristics of low operating voltage, low power consumption, high luminous efficiency and long life. In particular, the acquisition of white light has broadened its research and development and application fields.
According to experts' tests, replacing 300,000 ordinary street lamps in a medium-sized city with high-power LED street lamps can save 285 million kWh of electricity per year, save 200,000 tons of standard coal and reduce carbon dioxide emissions by 100,000 tons.
People from the high-tech zone of Xiangfan City said that the LED street lighting demonstration project has started, and the public can enjoy the healthy environment without radiation.
"A mobile phone screen requires about 10 LED devices, but a 42-inch LCD TV requires 1000 LEDs." According to Chen Gang, Xiangcai Securities, LEDs have improved their performance in addition to their application in the field of lighting. The penetration rate in the field of TV backlights.
Liu Liang, Industrial Securities, said, "In 2010, global LED backlights are expected to grow rapidly. It is estimated that the demand for TV is 30 billion, the demand for notebooks is 6 billion, and the demand for mobile phones is 7 billion." This figure is applied to LCD panels last year. The 8 billion on the list has increased fourfold.
It is precisely to see the prospects of the industry, all the funds have flocked to the LED.
Little control over independent core technology
At present, there are more than 60 LED epitaxial and chip companies in China, more than 1,000 LED packaging companies, and nearly 2,000 LED application companies. However, there are very few companies that truly achieve upstream and downstream integration and have independent core technologies. There are only a few companies with an annual output value of over 100 million yuan. Under the background of rapid expansion of industry scale and active layout of foreign manufacturers, domestic industries are not required to be shuffled.
In the LED industry chain, LED chips account for about 70% of the industry's profits, LED packages are about 10% to 20%, and LED applications are 10% to 20%. "LEDs have high gross profit margins in the upper, middle and lower reaches of the LED. Directly making chips and epitaxial wafers is in line with industry trends, which is conducive to opening up the industrial chain, gaining market voice and reducing costs," analysts said.
It is noteworthy that companies such as Philips and Cree are actively expanding their domestic markets through equity participation and mergers and acquisitions of traditional lighting companies. Domestic LED companies will face greater competitive pressures.
Overcapacity promotes industry reshuffle
In 2008, the domestic LED industry market reached 6.8 billion US dollars, an average annual growth of 20% to 30%. The LED industry is in short supply from the beginning of the year to overcapacity in the second half of the year. The overall performance of LED manufacturers in 2008 was not satisfactory.
It is expected that the output value of the LED industry in the Chinese market will exceed 150 billion yuan this year.
According to research firm LEDinside, Taiwan's LED upstream manufacturers have been losing interest rates for three consecutive quarters, and the profit decline is out of market expectations. It shows that under the global economic recovery, the sequelae of the upstream manufacturers' large-scale expansion began to emerge, and the industry's oversupply problem will not be able to ease until the second quarter of this year.
Mao Ping, a home appliance industry analyst, believes that on the demand side, consumer electronics products bear the brunt, and shipments of mobile phones and digital photo frames begin to decline. At present, only NB backlight and lighting related products may become the growth source of the LED industry in 2009. “At the same time, upstream manufacturers also felt that demand was sluggish, capacity utilization was low, and capital expenditures began to shrink. This sluggishness has hindered the expansion of LED industry, which may help the healthy development of the LED industry.â€
In addition, policy factors are also stimulating the industry to shuffle. It is understood that many government orders are more than 100 million yuan, and the short-listed manufacturers must have a sales scale of at least 50 million yuan, and have sufficient cash turnover capacity to withstand more than one year of deferred payment. "At present, there are only about 10 LED packaging or application companies with domestic revenues exceeding 100 million yuan. It is foreseeable that the future LED market and policy will be concentrated to leading manufacturers."
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