In 2017, the LED industry as a whole recovered, and the stability of product prices injected new hopes into the industry. The industry activity was significantly strengthened compared with the past. The upstream chip is growing at a high speed, the midstream package is developing steadily, and the downstream application maintains a rapid growth trend.

According to the data of the High-tech Research Institute LED Research Institute (GGII), the overall scale of China's LED industry in 2017 was 636.8 billion yuan, a year-on-year increase of 21%.

Since entering January 2018, various LED listed companies have released the 2017 company performance forecast. Overall, the joy is greater than sadness. Gaogong LED counted the performance of 25 LED listed companies, of which 5 fell, 2 lost, and the remaining 18 companies maintained different growth.

Upstream

According to the tabular data, 7 LED chip listed companies, including Dehao Runda and Guangdong Ganhua, showed a loss, Sanan Optoelectronics, Huacan Optoelectronics, Ganzhao Optoelectronics, Jucan Optoelectronics, and Silan Micro’s performances were all significant. Growth situation.

From the perspective of LED chip quality and capacity, the domestic LED chip market has a clear hierarchy.

Among them, Sanan Optoelectronics is in an absolute leading position in China both in terms of capacity and scale. Huacan Optoelectronics has expanded its production and technology innovations, and has narrowed its distance from Sanan Optoelectronics. It has become the first echelon. In 2017, Ganzhao Optoelectronics adhered to its main business, making the LED industry bigger and stronger, and taking a different path in blue-green. In terms of light, it has achieved a leading edge; Jucan Optoelectronics, as a newly listed chip company, has repeatedly used capital to expand production after listing, further strengthening itself; Dehao Runda is committed to flip chip and become the leader in CSP field. Sheep; Guangdong Ganhua is more miserable, and its subsidiary LED light business has been sold for 300 million yuan.

According to GGII analysis, with the decline of chip prices and the expansion of LED chip manufacturers in 2018, small and medium-sized LED chip companies will face enormous challenges. China's LED chip production capacity will continue to Sanan Optoelectronics, Huacan Optoelectronics, Ganzhao Optoelectronics and other enterprises. concentrated.

Zhang Xiaofei, chairman of Gaogong LED, suggested that the tactic of LED chip companies is to increase investment in general-purpose products, form a monopoly advantage, and violently fire at foreign companies, and have been chasing them overseas.

Midstream

This time, Gaogong LED has aggregated 10 mid-stream LED listed companies, of which only Xiamen Xinda has experienced a decline in performance. Hongli Zhihui, Ruifeng Optoelectronics, Changfang Group and Dongshan Precision have doubled their growth; Mulinsen and Guoxing Optoelectronics and Zhaochi shares also grew at a rate of over 50%.

Nowadays, the packaging industry is initially set, and the market is concentrated in leading enterprises, forming a situation of “one super and many strong”. One super is Mu Linsen, and the other is Guoxing Optoelectronics and Hongli Zhihui. However, the concentration of China's LED packaging industry is still low, and the expansion of large factories and industry reshuffle will continue in 2018.

Dr. Zhang Xiaofei suggested that, next, the strategy of the mid-stream large enterprises is to upgrade the performance of high- and low-end products without reducing the price, gradually remove domestic imported products, and actively enter the foreign market. At the same time, we must improve our soft power.

Downstream

Gaogong LED has statistics on four LED lighting listed companies. Opto Lighting, Tailong Lighting and Jinlaite all grew steadily. Sanxiong Aurora was affected by rising raw material prices. The gross profit margin of the company's products declined year-on-year, and it is expected to show a slight decline; Screen business performance is not optimistic.

Overall, the LED lighting market is growing steadily. According to the data of the High-tech Research Institute LED Research Institute (GGII), the output value of China's LED downstream applications reached 531 billion yuan in 2017, a year-on-year increase of 22%.

According to the GGII analysis, the growth of the output value of the downstream application market in 2017 is mainly affected by three factors. First, the rapid increase in LED lighting penetration has promoted the rapid expansion of the LED lighting market. Second, benefiting from the outbreak of small-pitch LED displays, the LED Display market has also shaken off the trend of low growth in the past. Third, LED niche markets such as LED car lights, LED smart lighting, LED plant lighting and other emerging markets also showed growth of more than 20%.

In this context, Dr. Zhang Xiaofei suggested that the next LED lighting companies should not only pursue scale, but also pursue quality and pursue brand value.

other

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According to the performance forecast of Netac Smart and Overclocking III, the performance of Overclocking 3 in 2017 was not optimistic and showed a small decline. Overclocking 3 said that in 2017, the company continued to promote and implement development goals, increase market development and product research and development investment, resulting in increased costs. In addition, the relocation of the production line in 2017 caused some of the company's production capacity to be effectively released, which had a certain impact on the 2017 annual results.


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