After half a year, LED industry to produce a beautiful results.
From the current announcement of the 2017 interim results notice of the LED business, including pre-increase, slightly increase, continued surplus and loss, including the proportion of pre-hi almost 70%.
In fact, since the second half of 2016, LED industry boom continued to improve, the upstream chip and the middle of the packaging industry business performance have been greatly improved.
In the industry pattern gradually formed, the domestic market demand for rapid outbreak of the market background, the market pick up, export recovery, integration of mergers and acquisitions, capital operation, cross-border, etc. become the key to the development of LED industry in 2017.
Industry boom to the good, business performance improved significantly
LED industry in the downturn after 2015, in the second half of 2016 ushered in the industry recovery. The first chip prices led the upstream and downstream of the economy boom.
From the LED industry in 2016 and 2017 1 quarter report, the listed company's core financial indicators are showing a significant improvement trend, the core indicators, including ROE, revenue scale and growth rate, the net profit and growth rate, gross margin, net profit and Operating cash flow and so on. LED industry trends to have a solid financial data as a verification, more firmly optimistic about the industry optimistic about the LED industry trends.
According to statistics, there are now more than 20 LED industry companies announced the 2017 interim results notice, including pre-increase, slightly increase, continued surplus and losses, including pre-hi ratio of 80%. Overall, the upstream chip and midstream packaging companies net profit growth in the forefront. Statistics show that in the first quarter of this year, 43 listed companies in the 43 companies, 40 companies revenue growth, 35 net profit year on year growth, net profit growth of more than 30% of the companies up to 27, accounting for more than 60%.
From the specific performance of the enterprise point of view, the upstream chip, Hua Can photoelectric, Silan micro and dry photoelectrics have appeared in varying degrees of growth. Among them, Huacan Optoelectronics is expected in January to June 2017 the company expects net profit over the same period last year will achieve a greater increase, forecast the beginning of the next report to the overall operation of the overall situation, the business situation steadily.
In addition, including the trillion Chi shares, snow Wright, Wanrun Technology, Qin on shares, crystal optoelectronics, Riard, etc., including LED listed companies have issued a notice of performance, net profit to achieve a different degree of growth.
Capital help, LED industry into the final integration period
Enterprises to develop, capital is a "no". In the value of the pattern of 10 billion yuan LED industry, enterprises through the listing of financing to achieve sustained growth seems to be a visible development. For the growing LED business, the listing may be benign "ripening agent."
June 21, 2017, the domestic city lighting leading enterprises China Science and Technology (603679) registered on the Shanghai Stock Exchange, the auction stage, the stock turnover, the continuous auction stage of the stock rose to 43.99%, to reach the first day of listing restrictions.
This is following this year's three male aurora, the state lighting, light Po shares, overclocking three, too dragon lighting, Huarong shares, and a lighting company listed.
Capital of the importance of LED business is self-evident. LED listed companies can successfully through effective technology research and development to produce higher profits, and ultimately in the capital market "contribution." China's LED industry has been from the beginning of the technology research and development, policy support and market-driven gradually transferred to the capital. More and more enterprises have been riding on the capital of the express to achieve leapfrog development. As this year's new listing of the three male aurora, also in the first quarter is also impressive, received 22.21 million yuan in net profit, an increase of 35%. And in order to continue to maintain profit growth, three male Aurora that will continue to increase R & D investment on the one hand, on the other hand, according to the actual situation push the project construction.
At present, the LED industry has been from the price competition to the value of competition, industrial development is moving in the capital, technology, scale and other directions, industrial concentration is getting higher and higher, the industry pattern has been initially formed. Access to capital-driven enterprises will be from the technical, scale and other aspects of the market, while the lack of advantages of small and medium enterprises will only get less and less opportunities.
"2017 overall change is the industry into a final integration period, the big one big, the market order has become more benign, a new development atmosphere or in the CSP this place, we have to pay attention." Crystal photoelectric (Jiangxi ) Co., Ltd. Vice President Liang Fubo said.
Giants exit, the global LED industry pattern adjustment
China's LED industry's rise, is also changing the pattern of global LED industry. International giants have to sell lighting business, perhaps one of the most direct proof.
As the traditional lighting giant iron triangle - Philips, OSRAM and GE, LED lighting technology in the mature and product price war under the dual impact, the lighting business is declining. The sale of this business, or to play its maximum residual value of the effective method. Philips as early as 2014 on the split lighting business, and want to divest the lighting business, in May 2010 Philips Lighting listed, and the sale of 25% stake; in December 2016, Philips agreed to its LumiLEDs 80.1% stake in 15 Billion dollars sold to private equity giant Apollo Global Management (US companies). And Osram will be its Landers named lighting business to 500 million euros price to sell to the shares of the Chinese company consortium, in addition, OSRAM revealed that the buyer will also receive the team within the next few years to use its trademark rights Payment of up to 100 million euros in patent licensing. Maybe, GE is not the last one.
With the international first-line lighting brand or stripping, or sell, or weaken the LED lighting business, China LED lighting business ushered in a new round of development tide. In fact, the current China LED manufacturing industry is the world's first, but also become an important force in industrial globalization can not be ignored.
On the other hand, domestic capital is also a little bit to buy out related businesses. For example, the company will be the world's leading lighting technology business Havells hi years into its subordinate; wood Linsen successfully won the Langdewans (LEDVANCE, OSRAM light source business), and will have their own advantages from the light source Starting with Randivans in the light source and more lighting applications and other aspects of product development, trying to become the global lighting market leader.
The domestic lighting business has a perfect channel, but the relevant lighting technology patents accumulated very weak, to the expansion of international business has brought great obstacles, so take the opportunity to win the acquisition of foreign LED enterprises, the core technology and patents for the international competition Have more and more right to speak.
China LED enterprises are facing great opportunities
In the past few years, whether it is upstream production equipment, chip manufacturing, packaging, or downstream application industry, China's LED industry made progress and achievements are obvious to all, in terms of technological innovation and scale production and international Plant a higher status, the competitiveness of the international market has been significantly improved.
China Lighting Industry Association, said Chen Yansheng, China's lighting industry after years of development, has become the world's largest producer and exporter of lighting products, China's lighting products in the global market share of the market has more than 50%, the future direction of development Not to do bigger, but to be strong, so as to be competitive in the international market, at the same time, to create the brand of Chinese enterprises, which is our future efforts.
At the same time, China's LED industry is also moving towards a centralized trend. Photo taken from the chip to the packaging, to the terminal application, will form two to three camps, the first camp is based on three security photoelectric, which supplies the chip, the terminal to the main package, the downstream to three An and CREE and other cooperation as the sea, the formation of three security system. It is characterized by large and complete, the cost has an advantage, after the three series will become the first camp, occupy the industry can not shake the status. Sanyo optoelectronic chip supply as the core, the upstream to Hua Can, Australia, the development of crystal as the main chip supplier, the downstream plus the formation of terminal lighting industry chain, upstream and downstream integration, the formation of China's third LED field system.
In addition, with capacity and cost advantages, the domestic chip companies will undertake the transfer of international manufacturers capacity. In this round of expansion, in the general lighting, display, backlight and other applications, the international LED manufacturers basically no expansion, the future production capacity will be transferred to mainland China. The future does not rule out the international manufacturers or even most of the chip by the domestic business foundry. There is a saying, 2013, the world's top ten packaging plant is not a mainland enterprises, but by 2017 the world's top ten packaging plants are four mainland Chinese enterprises, for the development of this industry chain, the Chinese packaging enterprises in the future voice More and more time, the Chinese packaging business is certainly the priority procurement of Chinese chip business products, resulting in the transfer to the Chinese mainland.
Today's LED industry pattern, is undergoing tremendous changes. The face of the withdrawal of international giants and the rise of local industries, China's LED business is facing a huge historical opportunity. As Chairman of the NVC Group Chairman Wang Donglei said: In recent years, the global LED lighting market has emerged a number of outstanding Chinese enterprises, they absolutely have the strength to compete with international brands, and in the global lighting market for greater market share.