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Four major inventory of LED industry in 2016: big keynote, big event, big market, big mergers and acquisitions

TIME:2016-7-5 1:22:17  PV:1210

  Yesterday was July 1st, the anniversary of the birth of our party, and it also marked that 2016 has officially gone through the first half and entered the second half. Looking back at the changes in the LED industry this year, we should also come up with a summary. Analyze gains and losses and look to the future.

The keynote: the industry's prosperity improved in 2016, and the market rebounded slowly

  After experiencing the overall downturn in the industry in 2015, since the spring of 2016, the overall prosperity of the LED industry has slowly rebounded. As the market adjusts and the pressure of destocking eases, the market gradually returns to a state of balance between supply and demand. After some LED packaging manufacturers raised prices in March, LED chip manufacturers have also adjusted prices one after another. Major manufacturers such as Epistar, Sanan, and HC Semitek have raised individual products slightly. From the market point of view, with the increasing volume of the display screen, small pitch, automotive LED and other markets, the shipment of LED chips is tight, which drives up the price. This also reflects the gradual improvement of the market's prosperity. The performance improvement of LED listed companies in the first quarter of 2016 also reflects the support of market expectations.

Big market

  In the first half of 2016, which LED markets became popular keywords in the industry? Daily Jun summarized the following major markets, which are one of the hottest keywords in the first half of the year.

  Outdoor display screen: With the continuous improvement of LED display technology, the display effect is continuously enhanced. At the same time, the progress of LED display technology has also greatly reduced the cost of operators' screen construction and later operation and maintenance costs. Therefore, LED display screens have become the first choice of outdoor media. new darling. From 2008 to 2014, the compound annual growth rate of LED outdoor media screens reached 31.4%.

  Small-pitch LED: In 2015, the global small-pitch LED market reached 2.4 billion yuan, with sales increasing by 180%. It is expected to exceed 10 billion yuan in 2020. Although the growth rate of the small-pitch LED Chinese market has dropped to more than 80%, the global market is still growing significantly. In 2015, the market demand for small-pitch LED screens in Europe, America and the third world countries increased by more than 2 times, and finally supported the high growth of the global market for small-pitch LED screens.

  Automotive lighting: The 13th Five-Year Plan pointed out that the new energy automotive industry will be vigorously developed, and the market share of domestic automakers will gradually increase. Currently, automotive LED suppliers are mainly OSRAM, Lumileds, and Hongli. The rise of the automotive lighting market provides new market opportunities for LED manufacturers.

  Outdoor lighting: According to statistics from the Urban Lighting Professional Committee of China Municipal Engineering Association, there are 270 million street lamps in more than 1,000 cities across the country, while LED street lamps account for only 15%. It is expected that the demand for LED street lamp renovation will increase in the future. More than 200 million lamps. At present, high-pressure sodium lamps in many cities in China have been used for about ten years, and it is the best time to replace them. Driven by the government, the replacement of public lighting across the country is accelerating, especially the outdoor lighting market will usher in a peak of development.

Big event

  The LED industry is never lacking in excitement, and the market in the first half of this year is particularly brilliant! In 2016, the government's attention to LED has risen from the local level to the national level, which also makes us more confident in the future development of the LED industry!

Xi Jinping advertised filament lamps, and LED filament lamps became popular again!

  On May 25, President Xi Jinping walked into Orient Optoelectronics Co., Ltd. for investigation and investigation. Chairman Xi personally picked up the LED filament bulb and listened to the introduction of the product by Zuo Hongbo, chairman of Orient Group.

  In recent years, filament lamps have gradually become a prairie fire in the European and American markets. Especially in the second half of 2015, the market sales are booming. Research institutions predict that the global LED filament lamp market demand will reach 220 million in 2016. In the next three years, the output will increase rapidly. Coupled with technological breakthroughs and the vigorous promotion of well-known manufacturers, the acceptance of filament lamps in the market is not low. At the Guangya Exhibition in 2016, filament lamps were also a favorite of manufacturers.

Market value of 3 billion euros! Philips Lighting's first day IPO share price rose 8%

  On May 27, Beijing time, Philips Lighting was listed on the Amsterdam Stock Exchange in the Netherlands, and its stock price rose on the first day of IPO on Friday. Shares in Philips Lighting rose 8 percent to 20 euros ($22.36) in early trading that day. It means that the market value of Philips Lighting is 3 billion euros, and the debt calculation is 4.5 billion euros, making it the world's largest independent lighting manufacturer.

  After more than a year of tug-of-war between public sale and independent listing, the whereabouts of Philips Lighting has finally been settled. And through an independent IPO listing, Philips will also usher in a more free market space to play, and look forward to the emergence of a stronger Philips lighting company.

Jiawei Subsidiary received a large purchase order from Wal-Mart, the first batch of deposits exceeded 13 million US dollars

  Jiawei Technology (Hong Kong) Co., Ltd., a wholly-owned subsidiary of Jiawei Co., Ltd., received an order confirmation from Wal-Mart Stores in June. Outdoor LED photovoltaic lighting fixtures agreed a two-year procurement contract, which stipulated that the first batch of orders will be shipped from the fourth quarter of 2016 to the first quarter of 2017, and the amount of the first batch of orders should not be less than 13 million US dollars, that is, RMB 86 million Yuan.

  The sky-high price contract was born! This is the first large-scale cooperation between Jiawei and Wal-Mart in the United States, and it is also another major business development for the company in the North American retail market.

Opple and Huawei carry out strategic cooperation to link up the "smart life" ecosystem

  In April this year, domestic lighting giant Opple Lighting and Huawei officially signed a smart home strategic cooperation agreement. As Huawei's preferred lighting brand, Opple has strategically joined the "Huawei Smart Life" ecosystem across borders, relying on Huawei's super "connection" capabilities to create the concept of "Opple Smart Lighting".

  In addition to accessing the Huawei Hi-Link protocol, Opple will also connect and share data on the cloud platform in the future, so that smart home products have the ability to adapt to learning, provide more diverse content and services, and meet users' needs for smart life. individual needs. With the deepening of Huawei's smart city layout, OPPLE will also be able to achieve strong alliances and make achievements in the field of smart lighting.

Rumor has it that Samsung wants to monopolize Apple's OLED screen orders for $9 billion

  In April this year, it was reported that Samsung was negotiating with Apple to become its exclusive display supplier for the new iPhone that will be released next year. And Samsung will invest a lot of money in the development of new technology capacity, and the initial expenditure is expected to be close to 9 billion US dollars.

  Foreign media reported that Samsung is expected to supply 40 million OLED panels to Apple next year. In 2018, the supply of OLED panels for Apple will double to 80 million pieces, and in 2019 it will reach 120 million pieces. Apple is rumored to be redesigning the iPhone in 2017. The new 5.5-inch iPhone is said to be equipped with a curved screen and an all-glass casing, and the demand for OLED screens will increase by then.

Lattice Optoelectronics silicon substrate LED technology won the first prize of the National Technology Invention Award

  On January 8, at the 2015 National Science and Technology Award Conference held in the Great Hall of the People in Beijing, the "High Luminous Efficiency of Silicon Substrate" jointly completed by Nanchang University, Lattice Optoelectronics (Jiangxi) Co., Ltd., and CECEP Lattice Lighting Co., Ltd. GaN-based blue light-emitting diode project" won the only first prize of the National Technology Invention Award.

  Relying on this technology, Nanchang City, Jiangxi Province will set up a Municipal Optoelectronics Industry Research Institute and a national testing center to speed up the construction of the Nanchang LED Industry Innovation Demonstration Park, further improve the layout of the electronic information industry, and strive to create "Nanchang Optics Valley". In 2020, the target income of the LED industry is 50 billion yuan. Lattice Optoelectronics is also determined to build a leading brand in China's semiconductor lighting industry and march towards internationalization.

Big M&A

  In 2016, the wave of mergers and acquisitions in the LED industry intensified. What eye-catching mergers and acquisitions occurred in the first half of this year?

  Leyard - Leyard announced on the evening of June 29 that the company intends to acquire 100% equity of Zhongtian Lighting jointly held by Jingyu Business and Runying Business with RMB 350 million in cash. In the aforementioned equity transfer process, the transferor used 70% of the equity transfer funds of 350 million yuan (corresponding to 245 million yuan) to purchase the company’s controlling shareholder and actual controller Li Jun through an agreed block transaction. shares of the company. Leyard said that the above-mentioned acquisition is conducive to the company's realization of the national layout of the lighting business.

  Xuanshuo Optoelectronics——On the morning of May 18, Zhengye Technology disclosed a major asset restructuring plan. The company plans to purchase 100% of Xuanshuo Optoelectronics’ 100% equity by issuing shares and paying cash at a price of 450 million yuan. After the transaction is completed, Xuanshuo Optoelectronics will become a wholly-owned subsidiary of Zhengye Technology. Zhengye Technology stated that after the completion of the acquisition, Xuanshuo Optoelectronics will maintain the principle of high autonomy, and Xuanshuo's entire production and operation activities will be decided and led by the Xuanshuo team.

  Dehao Runda - On April 25, Dehao Runda announced that the company's wholly-owned subsidiary Dalian Dehao Optoelectronics and its subsidiaries intend to purchase the Dalian Dehao Optoelectronics held by them from Dalian Dehao and Dalian Comprehensive 76.33% and 23.67% of Zongde Lighting have a total of 100% equity. The appraised value of 100% equity of Dalian Zongde Lighting is 200.6551 million yuan, and the valuation value of Dalian Zongde Lighting is 200.6551 million yuan as the transaction price for this equity transfer.

  Mulinsen Shares - On March 24, Mulinsen announced that the company intends to purchase Yan Jianguo's 80% stake in Super Times Light Source by cash payment. The transaction price was preliminarily determined by both parties, and the value of 80% shares of Super Times Lighting was 300 million to 350 million yuan. According to the announcement, the main assets of Chaodai Light Source are the land use rights of Sun Company Xinhe (Shaoxing) Green Lighting Co., Ltd., the ownership of the buildings on the ground and its production equipment. Xinhe (Shaoxing) is mainly engaged in the production and sales of energy-saving lamps, LED lamps and their parts, components and accessories. It is the largest manufacturer of LED filament lamps in China.

  NVC Lighting——On February 4, Hong Kong NVC Lighting Co., Ltd., a wholly-owned subsidiary of NVC Lighting, entered into an equity transfer agreement with the transferor Jinzhonghe Investment Co., Ltd. on February 3, 2016, and will acquire Yaoneng Holdings 75% of the shares in the company. Zhongshan NVC is a subsidiary of the company, the company holds 50% equity of Zhongshan NVC, the target company holds a series of new generation LED semiconductor technology international patents and another 50% equity of Zhongshan NVC. The consideration for this acquisition is tentatively set at RMB 500 million.

  After a little inventory, the LED industry turned out to be so exciting in the first half of 2016! Although there are still many events that have not been summarized one by one, it can be seen that although the growth rate of the entire industry has slowed down, as the industry reshuffle enters the final stage, A large number of low-quality industry enterprises have been eliminated, and the industry has gradually entered a sound development track. With the accelerated pace of market integration and mergers, capital shopping among enterprises will be further upgraded, and it is expected that the industry structure will basically be settled within two years. In the second half of 2016, what wonderful stories will happen in the LED industry? We will wait and see!