LED lighting industry boom picked up

LED lighting in 2013 is undoubtedly the most beautiful part of the entire LED industry chain. Whether it is Philips, Osram or domestic listed companies involved in LED lighting, they have produced brilliant transcripts. At the same time, in the first two months of this year, the sales of LED lighting products of some companies surged year-on-year, indicating that the off-season is not thin.

Boom rise

Recently, a number of listed companies announced 2013 performance report, confirming the hot market of LED lighting market last year. Since the second quarter of 2013, the market demand for downstream LED lighting has surpassed expectation in terms of scale, which has directly led to the increase in productivity and utilization of midstream device packaging and upstream chip and epitaxial wafers. The trend of LED boom has been further established.

According to Philips's annual report for 2013, the company’s revenue from its LED business continued to increase, and its revenue grew by 38% for the full year of 2013. At the same time, Philips’ traditional energy-saving lamp business has declined slightly. In the annual report, the company pointed out that the current global lighting consumption accounted for about 19%, through the promotion of LED lighting, it is expected to reduce global lighting energy consumption by more than 40%.

Another lighting giant OSRAM's LED lighting business has also grown. The company's 2013 business revenue reached 1.528 billion euros, an increase of 11.4%. The traditional lighting revenue was 3.761 billion euros, a year-on-year decline of 6.7%. LED lighting sales revenue accounted for 29% of OSRAM's total business revenue, the company said it will focus on the development of LED lighting, the goal is to achieve more than half of the total revenue of LED lighting before 2017.

With the warming of this round of LED lighting market, domestic listed companies also made great gains. Last year, Hongli Opto's net profit increased by nearly 20%. The company said that the demand for LED lighting market has effectively released the company's production capacity, and its main business has maintained a steady growth. At the same time, the performance of its LED lighting project project has gradually appeared and it has produced positive results in operating performance. Impact.

Some upper-middle-stream companies also began to extend to the downstream lighting sector. Wanrun Technology, which is engaged in the LED packaging business, has entered the downstream lighting field since the second quarter of last year. The 2013 annual report announced by the company recently showed that the company’s LED lighting products achieved an operating revenue of 120 million yuan, an increase of 28.91% year-on-year, and the LED lighting product gross margin reached 43.34%. .

Packaging company Ruifeng Optoelectronics also saw the opportunity of LED lighting. The company said that based on the stability of the LED LCD TV market, it has increased the development of LED lighting and achieved a corresponding increase in sales and profits.

However, some companies are willing to sacrifice short-term profit margins in order to take advantage of the trend and have a long-term layout. For example, Qinshang Optoelectronic's net profit declined last year due to the company's vigorous laying of a global channel network in 2013 and increased advertising investment, resulting in increased costs.

Off-season is not light

Although listed companies in Mainland China have not yet foretold the first quarter of this year's performance, the LED lighting market continued its good momentum of last year's rebound from the sales figures announced by some companies in the Taiwan region, indicating that the off-season is not thin.

In the first quarter of the year, the LED industry chain in Taiwan Province of China is booming. Statistics show that in January 2014, the total revenue of the LED industry chain in the region totaled NT$ 8.57 billion, a slight decrease of 2.19% from the previous quarter and 21.13% year-on-year; overall revenue in February was NT$ 7.789 billion. The year-on-year increase was 29.41%.

The first quarter was the traditional off-season of the LED industry. The year-on-year growth rate of such high operating income only occurred in 2010. However, the growth in 2010 was due to the recovery of the economic environment after the international financial crisis, and the market in the first quarter of this year was entirely derived from Started in market demand.

BDO Runda is optimistic about the overall market situation in 2014. The company’s recent announcement stated that the overall sales revenue for 2014 is expected to increase by approximately 50% over 2013, in which the sales revenue of the LED business is expected to increase by approximately 100% over 2013, with an amount of approximately RMB 3 billion. The main reason for the growth of LED business is It is estimated that the LED general lighting market demand will have a better growth in 2014.