The hottest competition pattern changes led enterp

2022-07-31
  • Detail

Competition pattern changes led enterprises' performance in the first half of the year is expected to be greatly improved

Abstract: since 2015, the subsidy for newly added MOCVD equipment (one of the main production equipment of LED chips) has been cancelled, raising the industry entry threshold. A large number of small and medium-sized enterprises have withdrawn in the price war, LED chip production has shrunk significantly, and the industry concentration has gradually increased

after nearly two years of price war, the prices of major products in the LED industry have continued to rise since the second half of 2016, the industry boom has continued to improve, and the performance of enterprises in the upstream chip and midstream packaging industries has improved significantly. According to the statistics of wind data, more than ten companies in the LED industry have announced the 2017 interim performance forecast, and the proportion of pre happy (including pre increased, slightly increased, and continued operators' pre trained profits and losses) has reached 100%

the competitive landscape has changed.

since 2015, the subsidy for newly added MOCVD equipment (one of the main production equipment of LED chips) has been cancelled, raising the threshold for industry entry. A large number of small and medium-sized enterprises have successively withdrawn from the price war, the LED chip production capacity has shrunk significantly, and the industry concentration has gradually increased

according to the data, in 2016, the top ten LED chip manufacturers accounted for 77% of the market share, with a revenue of 10.7 billion yuan, a year-on-year increase of 15%. Among them, the top three manufacturers of San'an, Jingdian and Hua experimental accessories cooperated with the host of the experimental machine to complete experiments such as stretching, tightening and zigzag, accounting for 50% of the market; San'an is in a dominant position, occupying nearly 30% of the market share

from the new capacity in 2016, the new capacity of LED chip industry mainly comes from large manufacturers, and the industry is gradually moving towards Oligarchic Competition. In this situation, the price rise of leading enterprises has a decisive impact on the market

in terms of downstream demand, the application of small spacing led continues to expand. At the same time, LED has become the mainstream light source of general lighting, benefiting from the overall shutdown of incandescent lamps. It is estimated that with the growth of more than 20% of the downstream lighting demand and the outbreak of small spacing demand, the demand for new LED chips will increase by another 10million each year

in terms of cutting-edge technologies, the industry is optimistic about the increment brought by the mature technologies such as micro led and lifi, and relevant manufacturers are also actively deploying this field

from the perspective of the global competition pattern, in recent years, with the continuous reduction of costs, the competitiveness of domestic LED products in the world has been continuously enhanced, and overseas customers have shifted to purchasing chip products from the Chinese market. Analysts at Guosen Securities believe that global LED manufacturing is moving to the Chinese market, and domestic enterprises have high-quality process control and cost management capabilities

analysts predict that with the increase of industrial concentration, downstream demand continues to expand, and the industry supply-demand relationship will continue to improve. The price rise of LED chips will continue until the third quarter of this year, and lead the price rise of the middle and lower reaches

overall performance improvement

wind data shows that as of the closing of June 5, 11 industry companies have issued interim performance forecasts, with a percentage of 100%. On the whole, the net profit growth rate of upstream chip and midstream packaging companies is in the forefront

in the first quarter of this year, among the 43 led listed companies, 40 had year-on-year revenue growth, 35 had year-on-year net profit growth, and 27 had net profit growth of more than 30%, accounting for more than 60%

in terms of upstream chips, Huacan optoelectronics, Dehao Runda and Qianzhao optoelectronics respectively expect a slight increase in interim performance, continued profits and reversed losses. Among them, Dehao Runda expects to achieve a net profit of 12million yuan to 20million yuan in the first half of the year, with an increase of -25% to 25%. Qianzhao optoelectronics is expected to achieve a net profit of 80million yuan -100million yuan in the first half of the year, with a year-on-year increase of 1395.6%-1719.5%

Qianzhao optoelectronics said that since the second half of the 16 years of alternating dry and wet in the 20th century, the prices of some products have risen and the main business has been improved. In addition, the blue-green project of the company entered a stable period two years after it was put into operation, and the decline in unit cost led to a substantial increase in the gross profit margin of the chip; The company expects that the chip sales in 2017 will reach a record high

in terms of midstream packaging, both Guoxing optoelectronics and mulinson expect the interim performance to increase in advance. Among them, Guoxing optoelectronics is expected to achieve a net profit of 123.01 million yuan -160.86 million yuan in the first half of the year, an increase of 30%-70%. It is estimated that MuLinSen will achieve a net profit of 260million yuan to 330million yuan in the first half of the year, with an increase of 70.4% to 116.2% except for impact resistance

as for the main reasons for the substantial year-on-year growth in performance, mulinson said that the prices of main products were stable, the new production capacity of raised investment projects was gradually released, the scale effect was significantly improved, and the unit cost of products was further reduced

in the downstream, both Tailong lighting and Debang lighting are expected to increase their net profits slightly in the first half of the year. They are expected to achieve net profits of 12million yuan -13.5 million yuan and 110million yuan -14.0 million yuan respectively, with a year-on-year increase of 6%-20% and 5.21%-29.2% respectively

Copyright © 2011 JIN SHI