New opportunities for LED display, LED display companies have taken the lead in setting up
[Article source: led big screen network] From 2016, the LED industry is in the stage of rapid development, the global LED market maintains rapid growth mainly from indoor general lighting, architectural lighting, landscape lighting, backlight and outdoor led Big screens and other explosive growth. In 2018, with the continuous improvement of LED boom, the profitability of listed companies in the LED industry has ushered in a comprehensive recovery, and the industry turning point has emerged. In the next 3-5 years, with the maturity of technology and the decline of cost, the penetration rate of LED in the field of general lighting will be further improved, and the continued expansion of applications such as automotive lighting and small-pitch LED display is expected to usher in the new LED industry. The round broke out. The industry believes that the rapid growth of the industry will drive the demand for LED from production to manufacturing to packaging industry chain, and actively deploy LED industry chain such as Hongli Zhihui, Dehao Runda, Mulinsen, Zhaochi Energy Saving, etc. will win More market dividends.
The core financial data of the LED industry has improved significantly, and the industry trend is solid and reliable.
From the 2017 annual report of the major LED industry and the 1st quarter of 2018, the core financial indicators of listed companies all showed obvious improvement trends. The core indicators include ROE, revenue scale and growth rate, net profit and growth rate of returning home, gross profit margin. , net profit and operating cash flow. The core financial data of the LED industry has improved significantly, and the LED industry trend has been verified to be solid and reliable.
Among them, Alto Electronics, Dehao Runda, Guangdong Ganhua three listed companies 1Q18 net profit increased by more than 100%. The net profit growth of Mulinsen and Hongli Zhihui ranges from 0% to 100%.
Alto Electronics achieved a total operating income of 410 million yuan in the first quarter of 2018, a year-on-year increase of 172.76%, mainly due to the year-on-year increase of 190.22% in LED application revenue.
In the first quarter of 2018, Dehao Runda achieved a total operating income of 870 million yuan, a year-on-year increase of 2.80%; the net profit attributable to shareholders of listed companies was 300,470 yuan, a year-on-year increase of 103.47%, mainly due to the increase in operating profit during the reporting period. The pre-earnings are very good in the first half of the year
In response to the intensification of competition strategy to seize the commanding heights, LED companies have laid out the development of the entire industry chain
In addition to the increase in profit revenue, Dehao Runda, Hongli Zhihui, Mulinsen, etc. are also actively deploying the expansion of the entire industry chain.
Since 2009, Dehao Runda has entered the LED industry and established LED research and development bases through the acquisition and integration of enterprises in Guangdong Jianlongda and NVC Lighting and through the funds raised through its own funds, bank loans and non-public offerings. , formed the "extension and chip - package and module - LED application products (lighting and display) - brand and channel" LED industry chain business structure.
The management of the company stated that Dehao Runda will continue to strengthen its technology research and development capabilities, develop more new products for the technical characteristics of LEDs, and lead the market with new products. Under the premise of ensuring product quality, strengthen cost control and product innovation, and enhance The comprehensive competitiveness of the products; continue to take advantage of the channel advantages of the entire industry chain, technology, and NVC, while continuously optimizing the marketing system and improving marketing capabilities to further enhance the market share of products.
Mu Linsen is also constantly strengthening the supporting capacity of the entire industry chain. Leading companies in upstream strategic alliance LED chips, including Aoyang, Huacan, and Jingdian, ensure the safety of chip supply and increase the technical investment in IC packaging and intelligent manufacturing production centers. The downstream continued to vigorously expand the lighting industry, and accelerated the implementation of lighting facilities such as Yiwu and Xinyu and the distribution of sales outlets.
Ping An Securities said that in 2017, the output value of LED downstream applications in China reached 531 billion yuan, and the compound growth rate in the next three years was 18.8%. In the future, the value chain of LEDs will gradually shift downstream. With the continuous development and maturity of LED technology, market competition has entered a stage of white-hot, and major LED companies have adjusted their strategies to strive for a commanding height. "The big ones are Evergrande, the strong ones are strong and strong, and the survival of the fittest" is vividly displayed in the LED industry. The intensification of competition allows enterprises to constantly think about their own positioning, in addition to consolidating the competitive position in the LED market, while actively extending the industrial chain, accelerating resource integration, and striving to achieve optimization of the upstream and downstream industry chain has become a new development trend!
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