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LED lighting pull effect is obvious Taiwan LED business performance in August
Event: In August 2014, eight LED chip companies in Taiwan (Yuanyuan, Dingyuan, Guanghong, Guanglei, Huashang, Jingdian, Taigu, New Century Optoelectronics) had a total revenue of 4.65 billion (NT), the same , RMB 948 million yuan, up 19.5 year-on-year, 6.74.9 month-on-month decline in LED packaging companies (佰鸿, Dongbei, Hongqi, Huaxing, Lizhou, Longda, Yiquan, Yiguang, Addison) Revenue of 7.02 billion yuan (about 1.432 billion yuan), up 18.34 year-on-year, 4.82% month-on-month. The cumulative revenue of chip-ends in August-August was 36.5 billion yuan (about 7.444 billion yuan), an increase of 25.4% over the same period of last year. (RMB is about 9.993 billion yuan), a year-on-year increase of 15.7. Comments: Chip-side inventory adjustment factors fell from the previous month, and the packaged end reached a record high. In August, the chip-end revenue decreased by 6.74 points, and Jingdian said that the LEDTV backlights entered the seasonal adjustment effect, the order visibility was not high, and the third quarter began to have digested inventory pressure. However, LED lighting is still optimistic. It expects that the demand for LED bulbs will increase from 500 million to 1.2 billion last year, and will exceed 2 billion next year. In the short term, it is necessary to observe the 11 holiday and the December Christmas demand. The performance of the package side was bright. The revenue in August increased by 4.82 points (mainly flat in August last year), a record high, and the package side is closer to the downstream, showing the current good performance of the LED industry. In the first eight months of the year, the chip end revenue reached 25.4%, and the package side increased by 15.7%. With the increasing proportion of LED lighting in the industry, the high-speed growth of LED lighting will become more and more obvious to the industry, and the subsequent growth rate is expected to accelerate. Looking forward to the follow-up LED subsidy policy. As the subsidy policy for energy-saving lamps will end in 2008, more subsidies will be implemented on LEDs. It is currently in August. If the downstream subsidies for LEDs start from next year, the subsequent LED subsidy policy should be a high probability. event. The introduction of follow-up policy plans will be accompanied by stimulation of downstream demand, and the industry boom is expected to be further improved. It is expected that with the LED lighting volume in the third and fourth quarters, the driving effect of LED lighting on the industry will become more and more obvious. The industry's continued prosperity in the third quarter is better than the market expectation will be a high probability event, and the LED subsidy policy that will be introduced will also be a catalyst. At the same time, the performance of mainland LED companies is also very bright, Liard's small-pitch LED TV instead of DLP trend is established, its civilian indoor TV is worth looking forward to; Sunlight Lighting relies on locking in the world's first-class customers and expanding to other customers, rapidly expanding the scale of LED, And has a stable profit level, is the downstream leader of LED lighting; Hongli Optoelectronics will have better development prospects in LED general lighting and automotive lighting in the next few years; Sanan Optoelectronics domestic chip leader position is gradually established, will benefit from the larger Evergrande's competitive landscape; Alto Electronics is a high-quality LED display company. After the growth of the small-pitch industry is determined, the company's strength will be promising in the small-pitch industry.