The Central Committee of the Communist Party of China and the State Council recently issued the plan for the new urbanization of the country (2014-2020 years) (hereinafter referred to as the plan). As a microcosmic, strategic and basic plan for the healthy development of the national urbanization in the next period, the plan will play an active role in many occupations, including LED.
2013-2016 years is the LED lighting gold development period, the penetration rate will increase from 20% to about 45%, is rare, rare growth faster, relatively high occupation.
Technological progress and industrial upgrading to accelerate the cost of a substantial decline in the use of LED product planning continued to increase, expanding market planning, 3~5 years, LED lighting needs planning compound growth rate of 30%~40%. Need to start and policy promotion, LED professional driving force from backlighting to use of lighting changes, 2013~2016, LED lighting penetration rate increased from 10% to about 50%, driving the LED lighting industry chain into the high business cycle. Third, changes in competition format, LED production capacity gradually from the United States, Japan and the European Union to China, China, Taiwan and South korea. Fourth, the speed of industrial integration has been remarkably accelerated, and the concentration of industry has been gradually improved. The professional leaders with central technological advantages, ways, advantages and planning advantages have been growing rapidly.
Qilu Securities Analysis said that for a long time, the penetration rate will accelerate the increase in lighting, it is estimated that 2013~2016 LED lighting penetration rate increased from 10% to about 50%, driving the LED lighting industry chain into the high business cycle.
The other, in the long time LED industrial chain upstream and downstream sectors most investment value from the value chain and the development trend of the lighting occupation, the current profit accounted for approximately 70% of LED epitaxial chip, part of the package is about 10~15%, and the use of links is about 10~20%, in the value chain of front-end chip with high added value link. With the use of LED and brand service status improved, the added value of indecent use and brand services will gradually increase. We believe that the long time LED industrial chain chips and lighting at the end of the use of the most valuable investment, short and medium term, LED lighting industry chain has investment value.
From the trend of occupation development, LED industry is to accelerate the integration and expansion of the investment opportunity, agile subdivision link: LED industrial advantage with speed significantly accelerated, industry concentration is gradually increased, the center has technical advantages, advantages, advantages and ways of planning industrial chain link will be fine leading through epitaxial growth to expand quickly.
