Nearly five years of LED industry revenue and net profit trends show that before 2016 due to the end of the LED application, the middle LED package beads and upstream LED chip, all in the price decline and sales trend, so the overall revenue is still growing , Only the slowdown in growth.
First, the overall performance of the industry have a good news
Domestic LED industry in 2016 annual report and 2017 1 quarterly report has been released, the overall performance have a good news. Which in 2017 1 quarterly, 43 LED listed companies in the 40 revenue growth, 35 LED companies 1 quarterly net profit rose year on year growth, which net profit growth of more than 30% of the listed companies up to 27, Accounting for more than 60%.
Nearly five years of LED industry revenue and net profit trends show that before 2016 due to the end of the LED application, the middle LED package beads and upstream LED chip, all in the price decline and sales trend, so the overall revenue is still growing , Only the slowdown in growth. Data show that revenue growth from 2015 to stabilize the first, while the return of net profit growth continued to decline until the first quarter of 2016, net profit growth began to rise. 2016 LED listed companies total revenue reached 160 billion yuan, the growth rate of more than 25% to 2017 in the first quarter of the industry as a whole revenue growth and wealth growth rate of more than 30%, a record high of nearly 5 years.
Second, the industry trend to a solid and reliable
From the LED industry in 2016 and 2017 1 quarter report, we observed that the core financial indicators of listed companies are showing a significant improvement trend, the core indicators, including ROE, revenue scale and growth rate, the net profit and growth rate, gross margin, net Profit and operating cash flow. LED industry trends to a solid financial data as a valid, more determined We are optimistic about the LED industry trends confidence.
From the trend can be seen, before 2015 due to the rapid growth of supply industry, leading to the industry as a whole in an oversupply situation, the industry as a whole return on net assets declining, 2012 to 2016 decline in more than 40%. So small and medium enterprises and backward production capacity to withdraw from the supply side of the clear, industrial concentration to enhance the industry to enhance the barriers. 2016 began LED industry upstream industry subsidies subsidy slope, slowdown in production capacity, and the downstream incandescent blockade and the demand for small gap between the outbreak triggered the LED downstream demand, the three together began to reverse the LED industry supply and demand pattern, 2017 1 quarter Industry average ROE increased significantly by 20% year on year to 1.8%. Has clearly reflected the LED industry's overall profitability upgrade.
Third, the global LED manufacturing to China transfer
The global trend of LED manufacturing to China has been questionable, China's electronics industry in the accumulation of years has been fully equipped with excellent process control and cost management capabilities, while the engineer dividends are gradually released, prompting Chinese enterprises to develop and have more Multi-independent intellectual property rights of the international advanced technology, with the international manufacturers of technological progress bottlenecks and slow down, Chinese enterprises will make full use of national policies, industrial capital and engineers dividends and many other advantages, to achieve the hair, will eventually overcome the traditional international Plant, and become the industry leading the development of beach-goers
Fourth, firmly optimistic about the industry leader
Continue to be optimistic about the LED industry leader, industry rating "overweight." We firmly optimistic about the LED chip industry Big Three: San'an Optoelectronics, Hua Can photoelectric, Australian Ocean Shunchang. LED packaging giant: wood Linsen. In the LED industry continues to improve and the concentration of continuous improvement trend, the leading will continue to give priority to benefit.
Some business analysis:
Huacan photoelectric
Domestic inertial sensor faucet
After the successful acquisition of MEMSIC company, will become the domestic inertial sensor leader, beach 10 billion market.
Ochang Shunchang
Profitability increased significantly
Huai'an photoelectric and wood Linsen and local government strategic cooperation, continuous access to capital increase. December 2016 as a strategic partner, as a strategic partner, the company jointly to Huai'an photoelectric Silver Wing capital increase of 500 million yuan, in March 2017 once again get Qinghe development of 310 million yuan capital increase. At present, the company, Mu Lin Sen and Qinghe development respectively held Huai'an photoelectric 70.93%, 26.07% and 3% stake.
Mu Lin Sen
The acquisition of Landwans welcomed the outbreak of overseas business
First, the overall performance of the industry have a good news
Domestic LED industry in 2016 annual report and 2017 1 quarterly report has been released, the overall performance have a good news. Which in 2017 1 quarterly, 43 LED listed companies in the 40 revenue growth, 35 LED companies 1 quarterly net profit rose year on year growth, which net profit growth of more than 30% of the listed companies up to 27, Accounting for more than 60%.
Nearly five years of LED industry revenue and net profit trends show that before 2016 due to the end of the LED application, the middle LED package beads and upstream LED chip, all in the price decline and sales trend, so the overall revenue is still growing , Only the slowdown in growth. Data show that revenue growth from 2015 to stabilize the first, while the return of net profit growth continued to decline until the first quarter of 2016, net profit growth began to rise. 2016 LED listed companies total revenue reached 160 billion yuan, the growth rate of more than 25% to 2017 in the first quarter of the industry as a whole revenue growth and wealth growth rate of more than 30%, a record high of nearly 5 years.
Second, the industry trend to a solid and reliable
From the LED industry in 2016 and 2017 1 quarter report, we observed that the core financial indicators of listed companies are showing a significant improvement trend, the core indicators, including ROE, revenue scale and growth rate, the net profit and growth rate, gross margin, net Profit and operating cash flow. LED industry trends to a solid financial data as a valid, more determined We are optimistic about the LED industry trends confidence.
From the trend can be seen, before 2015 due to the rapid growth of supply industry, leading to the industry as a whole in an oversupply situation, the industry as a whole return on net assets declining, 2012 to 2016 decline in more than 40%. So small and medium enterprises and backward production capacity to withdraw from the supply side of the clear, industrial concentration to enhance the industry to enhance the barriers. 2016 began LED industry upstream industry subsidies subsidy slope, slowdown in production capacity, and the downstream incandescent blockade and the demand for small gap between the outbreak triggered the LED downstream demand, the three together began to reverse the LED industry supply and demand pattern, 2017 1 quarter Industry average ROE increased significantly by 20% year on year to 1.8%. Has clearly reflected the LED industry's overall profitability upgrade.
Third, the global LED manufacturing to China transfer
The global trend of LED manufacturing to China has been questionable, China's electronics industry in the accumulation of years has been fully equipped with excellent process control and cost management capabilities, while the engineer dividends are gradually released, prompting Chinese enterprises to develop and have more Multi-independent intellectual property rights of the international advanced technology, with the international manufacturers of technological progress bottlenecks and slow down, Chinese enterprises will make full use of national policies, industrial capital and engineers dividends and many other advantages, to achieve the hair, will eventually overcome the traditional international Plant, and become the industry leading the development of beach-goers
Fourth, firmly optimistic about the industry leader
Continue to be optimistic about the LED industry leader, industry rating "overweight." We firmly optimistic about the LED chip industry Big Three: San'an Optoelectronics, Hua Can photoelectric, Australian Ocean Shunchang. LED packaging giant: wood Linsen. In the LED industry continues to improve and the concentration of continuous improvement trend, the leading will continue to give priority to benefit.
Some business analysis:
Huacan photoelectric
Domestic inertial sensor faucet
After the successful acquisition of MEMSIC company, will become the domestic inertial sensor leader, beach 10 billion market.
Ochang Shunchang
Profitability increased significantly
Huai'an photoelectric and wood Linsen and local government strategic cooperation, continuous access to capital increase. December 2016 as a strategic partner, as a strategic partner, the company jointly to Huai'an photoelectric Silver Wing capital increase of 500 million yuan, in March 2017 once again get Qinghe development of 310 million yuan capital increase. At present, the company, Mu Lin Sen and Qinghe development respectively held Huai'an photoelectric 70.93%, 26.07% and 3% stake.
Mu Lin Sen
The acquisition of Landwans welcomed the outbreak of overseas business
The acquisition of Landers, overseas business Ying broke out to create the global LED package + lighting faucet. Mulan Sen the acquisition of OSRAM LED lighting plate LEDVANCE is the advantage of manufacturing capacity and a hundred years the perfect combination of brand, through the acquisition of Wood Linsen will make full use of Landers Vance's overseas high-quality marketing channels and brand influence, the wood forest products output to the world. In particular, the company currently holds the core products LED filament lamp, 2017 company LED filament lamp sales are expected to more than 1.7 billion, up 232% year on year. With the rapid growth of the company's overseas business overseas, as the global LED package + lighting leading just around the corner.
