LED industry concentration is increasing year by year, investment enthusiasm remains unabated
In the beginning of 2017, Mulinsen invested 1.035 billion yuan in the Xinyu LED lighting accessory project; Guangpu shares, which were successfully transferred from the NEEQ to A shares, invested on May 25 132 million yuan in the expansion project of LED lighting products; on June 9th, overclocking three also invested 187 million in the radiator production base construction project. Although the development of the LED lighting industry has gradually matured and market competition has become increasingly fierce, the enthusiasm for investment and production expansion of large enterprises focusing on the lighting industry is still unabated.
This issue sorts out my country's investment in LED lighting projects from 2016 to the present, for reference only.
From 2016 to May 2017, investment in my country's semiconductor lighting industry projects was active, packaging and application were investment hotspots, and the regional distribution was concentrated in the southeast coastal area.
There are not many new projects at the same time, and most of the projects are expansions and expansions based on the original projects.
According to incomplete statistics, the total number of investment projects involving the upper, middle and lower reaches of the LED industry chain and related materials supporting fields from 2016 to May 2017 has dropped significantly from 2015.
From the perspective of regional distribution, the two provinces of Guangdong and Fujian accounted for half of the country, an increase of 40% from 2015. At the same time, the regional distribution is not as scattered as in 2015, mainly concentrated in the southeast coastal area.
The packaging link has surpassed the application link and has become a new investment hotspot. The number of investment projects in this link exceeds 38% of the total, which is an increase of 17% from 11% in 2015. The number of investment projects in the application sector has declined, from 49% in 2015 to 30.77%, which is still not small. The number of epitaxial chips and supporting projects accounted for only 11.54% and 19.23%, of which supporting projects dropped by nearly 10% compared with 2015.
Overall, my country’s investment in the field of semiconductor lighting is concentrated in the upper and middle reaches, with a small number of projects but a large investment amount, while downstream applications are more scattered. It shows that the middle and upper reaches of the industry tend to be centralized and large-scale development, and the application links are still small and scattered. It is necessary to enhance the concentration and enhance competitiveness through further integration.
From the perspective of overweight investment companies, more than 90% of the companies are listed companies, and newly listed LED companies have higher investment enthusiasm, such as Sanxiong Aurora and Debon Lighting. There are also a small number of non-listed companies in the investment layout, but the amount of investment is relatively small.
With the continuous development of the LED lighting industry, the trend of the larger Evergrande is obvious. Through appropriate increase in production, enterprises can maintain their existing advantages to a certain extent and further obtain adequate market response guarantees. Investment expansion mainly depends on listed companies as the main force, and it is bound to drive more and more companies to join the ranks of IPOs. With the help of the capital market, the emergence of new LED competitive power factions cannot be ruled out in the future. In short, the market penetration rate of the LED lighting industry is increasing year by year, and the market will be unprecedentedly high. To move towards the trillion-dollar market scale in 2020, both enterprises and industries need further layout and thinking.
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