Top ten keywords of the LED industry in 2018

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Year end inventory: the top ten keywords in the LED industry in 2018

change of control

on May 25, rectangular group announced that the controlling shareholder and actual controller agreed to transfer the company's shares on May 24, the controlling shareholder of the company was changed to Nanchang Optics Valley, and the actual controller of the company was changed to Wang min

in July this year, Hongli zhihuiyuan experiment date: 15:52:04 liguoping, the first largest shareholder and chairman, and Ma Chengzhang, the second largest shareholder, transferred their shares to jinrudder investment respectively. Since then, jinrudder investment has gained shares through increasing its holdings in the secondary market. After the increase, jinrudder investment became the controlling shareholder of the company, and Luzhou SASAC became the actual controller of the company

1 in January, the actual controller lizhijiang family plans to transfer 20.21% of the equity to Hubei Hongtai state owned capital investment and operation group Co., Ltd., a subsidiary of Hubei SASAC. After the transaction is completed, Hubei SASAC will become the actual controller of the listed company

in 2018, A-share listed companies' control rights changed to a new high. From the perspective of the recipient, there are not only local state-owned assets, but also venture capital companies, natural persons, etc. Since this year, many major shareholders of private listed companies have fallen into the dilemma of equity pledge crisis and increasingly tense capital chain. The main purpose behind the entry of local state-owned assets into private enterprises is to "rush to help and rescue". However, the "rescue" of private enterprises by state-owned assets has failed to reverse the decline of the share prices of listed companies. Most share prices are still falling, and some state-owned assets that have completed their shares are now in a state of floating losses

price increase

since July, major PCB manufacturers in the industry, including omway electronics and Jiantao group, have issued price increase notices. Under the double pressure of environmental protection and rising prices of raw materials, more and more large PCB manufacturers have "bowed their heads" and chose to raise prices

the rising cost of upstream raw materials leads to the rising cost of LED raw materials procurement, which brings huge economic pressure to downstream led enterprises. In order to comply with the development of the market, major led enterprises have also adjusted product prices

acuity brands announced a 6% increase in the price of all traditional lighting technologies and various LED products in the United States from June 11

Eaton announced to adjust the product price, with an average increase of 6%, which varies according to the product type. Products with high proportion of metal materials may rise by more than 6%, and this adjustment will be implemented from July 16 this year

the U.S. government began to impose a 10% import tariff on more than 30 LED lighting products produced in China on September 24, 2018, and plans to increase it to 25% from January 1, 2019. Due to the imposition of tariffs, American lighting suppliers acuity brands and Easton raised the price of LED products by 10%. As the tariff is about to rise to 25%, the retail price of acuity brands and Easton products will also increase by 15% from January 2019. The current retail price level and OEM export price will be maintained until the end of 2018. After the suspension of tariffs between China and the United States, the two enterprises announced the suspension of price increases one after another

on July 25, Riad issued a notice on price adjustment of products, and decided to adjust the price of a full range of indoor and outdoor products on the basis of the existing price from now on

on July 26, Fujian Haijia Cailiang Optoelectronic Technology Co., Ltd. also issued a notice of product price adjustment, deciding to adjust the selling price of P-Series, D-series and A-Series products on the basis of the existing price from August 1

ofweek semiconductor lighting believes that due to the continuous rise in the cost of metal materials, raw materials, freight and parts, the implementation of price increases by led enterprises is justifiable. The increase in the price of LED products may promote the LED industry to get rid of the vicious competition of "low price" and move towards benign price competition. In addition, the "price rise" will also accelerate the reshuffle of the LED industry, and those enterprises that lack innovation will either be eliminated, or upgrade their products and take an innovative development path

mini/micro led

mini LED has high brightness, high contrast and high display effect, which can compete with OLED display. At present, it has been gradually applied to cinema display, home cinema and other home markets. According to relevant data, miniled application demand will soar in the second half of 2018. It is expected that the average annual compound growth rate of the LED industry will reach 8% from 2017 to 2023, mainly from the growth of mini led and micro led. The global output value of mini led and micro module will also reach $4billion, of which the output value of mini led and micro will be as high as $400million

at present, major manufacturers are making every effort to sprint mini, including car, TV, or it panel products. Most of them have the technology that can be mass produced and shipped. In addition to competing with OLEDs, it also paves the way for grabbing a higher-level micro LED application market

in terms of policy, wushengwu, deputy director of the electronic information department of the Ministry of industry and information technology, said on April 8 that the Ministry of industry and information technology and the national development and Reform Commission jointly prepared the "three-year action plan for surpassing the development of new display industry", which will be released soon. Next, the Ministry of industry and information technology will guide and support enterprises to accelerate the research and development of mass production technologies such as new backplanes, Ultra HD, flexible panels, accelerate the research and layout of AMOLED micro display, quantum dots, printed OLED display, micro display and other forward-looking display technologies, and complete the exploration and layout of new industrial technology routes

ofweek believes that after years of research and development, major manufacturers will launch mini one after another, and the market penetration will increase rapidly in the future. Under the relatively high cost and price, mini led must start from the professional market at the top of the market pyramid, and then gradually expand to the commercial and household markets


in 2018, the industry subsidy fever reappeared, and many enterprises received subsidies in succession. Led enterprises also receive subsidies for a variety of reasons, including science and technology research and development subsidies, production equipment subsidies, loan discount and so on. As of July 2, according to the incomplete statistics of OFweek, 13 led listed companies disclosed in the non recurring income statement that they had received government subsidies, with a total amount of nearly 3billion yuan, a significant increase over the same period last year

on the whole, the subsidy amount ranges from hundreds of millions to millions. Among them, the amount of government subsidy of 972 million yuan ranks first, followed by 659 million yuan. Mu Linsen ranks third with 595 million yuan, and jucan optoelectronics, Dongshan precision,,, Hongli Zhihui, Debang lighting

summary of government subsidies for some listed enterprises

note: 1. The above data are from the subsidy announcements issued by enterprises; 2. The ranking in the table is based on the amount of government subsidies included in 2018 non recurring profits and losses

according to OFweek semiconductor lighting consulting enterprise subsidy announcement, in 2018, government subsidies tended to chip industry and packaging leading enterprises with high threshold. It can be seen that government subsidies are becoming more and more centralized, and then closer to several listed companies. However, for enterprises, if they want to have better development, they must improve their hematopoietic capacity, rather than relying solely on policy red envelopes to maintain profitability

plant closure

in January this year, ledvanc announced the closure of factories in Exeter and de la mondville, where the production of some T12 products and related auxiliary equipment will be transferred to Versailles and Kentucky plants. Some equipment and R & D departments in Exeter will be redeployed to other places. About 135 employees will be affected. Ledvanc said that the decision to close these plants was a difficult but necessary step in order to concentrate resources on developing a solid-state lighting portfolio that best meets market demand and helps ensure future development

in December, ledvance announced that it would close its manufacturing plant in Versailles, Kentucky, and 260 employees would be affected

In April, Philips Lighting will close its manufacturing plant in Fall River in the United States. Melissa Kanter, head of communications at Philips Lighting, said that the closure of Philips' Fall River manufacturing plant would affect about 160 employees, and the transfer would be completed by the end of the first quarter of 2019. Kanter said that production will be transferred to their factory in Monterrey, Mexico, and R & D will be transferred to boisbriand, Canada

on September 14, Toshiba Lighting & technology, a subsidiary of Toshiba lighting products, announced that in order to improve production efficiency, it would close the umajin factory producing LED lighting at the end of March 2019, and production would be concentrated in the luuma factory

OFweek semiconductor lighting believes that some manufacturers close factories, reduce the production capacity of traditional light sources, and concentrate resources on solid-state lighting, or turn to high-profit areas. Another part of manufacturers choose to withdraw from the market due to fierce market competition

sale of assets

on January 11, zhaochi sold the inventory assets and equipment assets of its subsidiary Shenzhen zhaochi optoelectronics Co., Ltd. to the company's associated legal person Shenzhen zhaochi Lighting Co., Ltd. at the price of 44.1086 million yuan (excluding value-added tax)

on March 6, Ruifeng optoelectronics plans to transfer 100% equity of its wholly-owned subsidiary Shanghai Ruifeng optoelectronics Co., Ltd. at the price of RMB 250000000

on March 14, it entered into a non binding cooperation framework agreement with and Wang Donglei, according to which, subject to the signing of the specific agreement, Rex lighting intends to sell the domestic lighting product manufacturing business, including but not limited to the entire share capital of Huizhou Rex Optoelectronic Technology Co., Ltd. to Dehao Runda and Wang Donglei

In August, OSRAM sold siteco, a European lighting business headquartered in Germany, and SLS lighting services in the United States

On September 3, Guoxing optoelectronics agreed to sell 100% equity of its wholly-owned subsidiary, Xinye Guoxing Semiconductor Lighting Co., Ltd

on September 11, Guangbao technology sold 100% of the shares of three subsidiaries under its portable institutional business group, including Zhuhai Guangbao Mobile Communication Technology Co., Ltd., Guangzhou Guangbao mobile electronic components Co., Ltd. and Shenzhen Guangbao mobile Precision Mold Co., Ltd., to Shenzhen listed company Zhejiang Xingxing Technology Co., Ltd., a subsidiary of Shenzhen Xingxing Technology Co., Ltd., by signing an equity transfer agreement, The equity transaction price is 530million yuan

in October, acuity brands, an expert in LED and IOT lighting, sold carandini, a Spanish lighting company with a market value of $23million

on November 6, GE announced that it would sell its current to American industrial partners (AIP), a private equity company headquartered in New York

on November 29, NEC announced that it would sell its fully funded subsidiary, NEC lighting, which is engaged in the lighting industry, to a new company funded by 100% of the investment fund Nippon miraicapital. The transfer date is scheduled to be April 1, 2019. As the transfer consideration, NEC will acquire 5% of the shares of the new company

OFweek semiconductor lighting believes that the main purpose of most enterprises to sell assets is to reduce the relevant operating pressure of the company, meet the strategic needs of the company to focus on its main business, help the company improve the efficiency of asset use, promote the effective allocation of resources, and further promote the stable development of the company's core business

in 2018, due to the rise in the price of raw materials, the increase in tariffs in the United States, the 337 survey and many other factors, enterprises had a very "difficult time". In the sluggish market environment, major lighting enterprises adjust by integrating mergers and acquisitions, repurchasing shares, closing factories, selling some assets and other different ways to deal with the adverse situation faced by enterprise development. Now, OFweek has sorted out the top ten

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