LED lamp production costs high, gross or pressure
Since 1996, China has officially started the implementation of environmental lighting projects, and promotes the use of efficient lighting energy-saving lamps instead of incandescent lamps in all corporate units to reduce carbon dioxide emissions? In recent years, in order to further promote the development of the market, the government plans to formulate a subsidy policy for LED lamps. Liao Kai, an analyst of the new energy industry at Qunyi Securities Research, said that as far as the current development is concerned, there are still fewer LED lighting products in China, and the production technology is not yet available. In place, I believe that the short-term deficiencies in the lighting industry have been reflected. In addition, the production cost of LED lamps is too high. If the infrastructure development fails to cooperate, the market may experience oversupply, and it will definitely negatively affect the gross profit of the manufacturers. influences? The central government's subsidy to the industry has so far no specific plan. Therefore, the policy has little lasting effect on the industry, and it is too early to say that it will affect the future development of domestic sales.
However, she also pointed out that the government’s reform plan to phase out incandescent bulbs within five years is believed to be of great help to the development of energy-saving lamps. In terms of market share, the share of energy-saving lamps in the market has increased from 20% in 1996 to 85% in the previous year. It is believed that the degree of benefit to the development of the industry will be even greater.
LED benefits energy-saving emission reduction observation subsidy base
In recent years, many companies have entered the LED environmental protection lighting market. For example, Demp Technology (03823) purchased LED companies for 124 million yuan, significantly increasing the LED business share; another company, Junling (01997), has continued to limit the expansion of LED. Business, it can be seen that energy-saving products such as the business will become the development trend in the future, and the competition is relatively fierce. Xie Jianying, an analyst at the Bank of Communications International Electronics Industry Group, said that the current development of the LED lighting market in the Mainland is imminent. It is believed that if the Ministry of Finance subsidizes LED lighting, China's lighting consumption will consume about 12% of the total power and will have higher energy efficiency. LED lamps replaced incandescent lamps and greatly reduced exhaust emissions; and after more companies joined the market, the role of energy-saving and emission reduction was even more effective.
He also stated that the government’s subsidy policy for LEDs is believed to be a continuation of the incandescent lamp policy. In the long run, we must observe the bases for subsidy implementation. If subsidizing industrial infrastructure projects such as street lamps and street lamps, the direct benefit of relevant manufacturers will be stronger. In the future, if there is a subsidy for household decorative lamps, the current technology is not a high-end quality and the production cost is high, so the impact on the industry development will not be too great.
Decompose support policies for LED industry and observe the impact of subsidy policies
With the development of the incandescent lamp policy, many companies have entered the relevant industries and gradually increased the industry's growth. Under the central government's plan to provide financial subsidies for the LED lighting market, analysts believe that if the specific policies are effectively implemented, the incandescent lamp will be effective in 2016. After the year will be completely eliminated, it will be beneficial to the future development of the industry. What needs attention is that since the specific plan of the policy has not yet been implemented, it will have little impact on the actual short-term face of individual stock companies. In addition, the LED lighting costs are high and the technical level is insufficient because it is more optimistic about the future development of energy-saving lamps.