Are LED companies "drinking sea water" or "eat seafood"?

According to statistics, the performance of 19 LED industry companies showed that the growth rate of 2015Q4 and 2016Q1 industry revenues increased significantly, much higher than the same period last year. The apparent increase in revenue growth was affected by mergers and acquisitions. Excluding the impact of mergers and acquisitions, the year-on-year growth rate of revenue in the fourth quarter and the first quarter of this year was approximately 22.36% and 26.44%, respectively, still higher than the same period last year. The net profit of LED industry in 2015Q4 decreased by 14.9% year-on-year; the net profit of 2016Q1LED industry increased by 31.1%.

Are LED companies "drinking sea water" or "eat seafood"?

2015Q4 LED industry revenue increased significantly year-on-year but net profit fell for the first time year-on-year. First, due to continuous supply oversupply in the industry, the price war caused the overall gross profit margin of the industry to decline by 2.5% compared with the same period of last year. Second, the company's industry in the fourth quarter significantly reduced assets. The value loss was 720 million yuan, a year-on-year increase of 317%. Among them, LED chip leader Sanan Optoelectronics made a one-off loss of 250 million assets in the fourth quarter, and the net profit decreased by 40%.

2016Q1 Excluding the merger, the actual revenue growth and net profit growth year-on-year growth are ahead of other quarters, mainly due to the emergence of three major positive factors in the industry. First, in 2016, it was a big year for sports, and the demand for display screens was good. The small pitch is now particularly eye-catching. Second, the price of low-power packaging has gradually bottomed out, which is good for midstream packaging manufacturers. Third, LED lighting penetration has accelerated.

The asset-liability ratio of 2015Q3 increased significantly compared with Q1 and Q2, mainly due to the fact that the LED industry participated in the acquisition in Q3 quarter, but it fell to 35.7% in 2015Q4. This year Q1 once again rose slightly, up nearly 2% year-on-year. Mainly due to the increase in M&A and expansion in 2016.

Commercial and lighting prices rise, light source and outdoor trend

From the time period, in January, the lighting industry entered the production rest period, many lighting factories entered the "Spring Festival mode" in advance, but the trading volume of the lighting market has not been greatly reduced, and the overall market sentiment preference. In February, all lighting factories and merchants were still in the "Spring Festival mode", and they started to work in the middle and late.

At the beginning of March, the lighting and lighting market relied on the "opening of the year" and the exhibition effect. As usual, the "small peak season" appeared. Compared with the index of the same period last year, the index rose slightly and showed a steady upward trend, indicating that the lighting lighting market was not pessimistic. The influence of the tone.

The overall performance in April was in line with expectations. At the beginning of the month, it was slightly down, but the trend was strong, and the end of the month was the highest in the beginning of the year. The lighting industry's production and sales entered the normal state, coupled with the relatively concentrated exhibitions, the increase in product orders, driving the overall index to remain at a high level.

From the product line of view, the price index of lighting lighting series products is in a floating state, mainly because the traditional lighting and some lighting products will have a short-lived phenomenon of "opening out of stock" after the opening of the year, which will boost the total index upward to a certain extent, but In March and April, the merchants held a new product launch conference and dealer conference in a concentrated manner, which made the influence of "opening out of stock" weaker. Once the supply channels were fully unblocked, the lighting products were highly competitive and the price will continue to decline for a period of time. The lighting series will be weak or entangled.

The commercial lighting price index, which maintained a moderate growth from January, showed a small decline at the end of March, mainly because commercial lighting products were directly affected by the rigid demand of the market. The new opening of the exhibition and large lighting stores after the opening of the year stimulated commercial lighting. Product sales. However, all kinds of large-scale projects in March have not yet fully entered the normal state, so the sales volume and purchase volume of commercial lighting products have not been greatly improved. By the end of April, various lighting exhibitions were active, and various large-scale projects were gradually resumed. The sales of commercial lighting products increased significantly.

The price index of outdoor lighting and light source series showed a steady and falling trend. In terms of outdoor lighting, at present, the construction work plan of local governments is still unclear. Although most of the market orders are relatively stable, dealers and buyers still hold a wait-and-see attitude, but it is expected that a large number of key projects and municipal facilities will be officially put into operation in May. Construction, increasing the rigid demand for outdoor lighting, is expected to pick up.

After a period of rest period, the light source series gradually returned to normal with the operation of the enterprise. The original inventory was digested and tightened for one month, which pushed the price of the light source product to rise slightly. In addition, the LED light source has undergone continuous innovation and increasingly mature. Technological improvements and increasing market penetration will also drive the market share of light source products. In the future, the light source series index will remain stable.

Anti-blue Light Films

Anti-blue Light Protective Film is a product developed based on reducing the harm of blue light to people. Compared with the emerging screen protectors on the market, in addition to anti-fingerprint, anti-scratch and other functions, the most distinctive function of anti-blue light screen protectors is blue light blocking. By absorbing and converting the blue light emitted from light sources such as mobile phones, computers, TVs, and LED lights, the anti-blue light protective film can greatly reduce the irritation of blue light to the eyes and control the deepening of myopia; in addition to preventing myopia, the anti-blue light protective film can also prevent myopia Absorption and conversion of ultraviolet rays to prevent skin dryness caused by ultraviolet reflection, resulting in skin pigmentation, chloasma and other problems.

All in all, blue light is indeed harmful to our eyes, but the Anti-blue Light Screen Protector can play a role in filtering blue light. As for the pots with visual fatigue and visual impairment, the blue light cannot be completely ignored. The best way is to try to control the time of playing with the mobile phone as much as possible. In daily life, we should learn to use our eyes reasonably and appropriately, which is the best way to prevent blue light and protect our eyesight.

Not only the use of mobile phones, but also when we use computers and watch TV for a long time, we should also use our eyes moderately, and look into the distance for a while every 20 minutes, so that our eyes can get enough rest. In addition, turning on the night mode on mobile phones and computers is also a feasible preventive plan.

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