From the perspective of institutional research in the first week of 2014, LED has become a key industry for New Year research. Analysts believe that in the first quarter of the LED industry, the performance and theme concepts are not lacking, it may become the most important layout direction of the spring offensive.
A joint survey by a Shanghai brokerage this week showed that it has organized a total of five companies in the Pearl River Delta, four of which are LED industries, including LED leading companies such as Dehao Runda, Foshan Lighting, and Lianjian Optoelectronics.
After the in-depth exploration of the TMT industry by investors in 2013, the industry valuation was generally high, and it also accumulated a large increase. In 2014, once the performance failed to meet expectations, the risk of falling back was high, so the focus of the New Year layout was on companies with performance support. At present, as far as the whole electronics field is concerned, the LED industry has shown good performance support, and there are related industry events driven in the future, which may become the pioneer of the A-share traditional spring offensive. The above-mentioned brokerage joint research organizer said.
In 2014, the US government's comprehensive ban on the production and import of incandescent lamps was officially in force. Canada also officially banned 75W and 100W incandescent lamps from January 1, 2014, while 40W and 60W bulbs will be fully banned on December 31, 2014. The European Union has also banned the sale of incandescent lamps in 2012. In 2014, the incandescent lamp phase-out plan for major countries and regions in the world took effect in batches.
From the perspective of industry performance, the industry's off-season in the fourth quarter of last year was not weak. According to the survey, China's major LED companies have maintained good orders and started operations since the fourth quarter of 2013. Recently, chip prices have continued to be strong, and the price declines of lighting and backlight package devices have shrunk to around 4 in the fourth quarter of last year. According to the analysis of China Merchants Securities, the stable price reflects the high industry sentiment. Under the superposition of factors such as stocking before the holiday and placing orders from overseas customers, the industry has continued to maintain production and sales since December 2013. It is expected that the prospect of the Spring Festival will continue.
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