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According to industry insiders, the price of LED lamps is high and the production capacity has not been released collectively. Therefore, the large-scale promotion in a short period of time will not be realistic. The state has released the “Planning of Incandescent Lamps Roadmapâ€. According to the "Road Map" requirements, by 2016, the domestic phase-out of incandescent lamps will be phased out completely, and the energy-saving lamps that can save 48 billion kWh annually can be fully introduced. This is also a clear roadmap for domestic energy conservation and environmental protection after the elimination of incandescent lamps in dozens of countries and regions around the world.
He Zaihua, a senior researcher at China Investment Consulting, said that China's lighting power accounts for the total electricity consumption of 12, and China's proposed carbon dioxide emissions per unit of GDP by 2020 are 40-45 lower than that of 2005. Therefore, energy saving and emission reduction in the lighting industry. It will be an important measure to achieve carbon emission reduction. In order to achieve a low carbon economy in the field of lighting, governments have proposed and implemented green lighting projects, and the elimination of incandescent lamps is the most important measure to achieve energy saving and emission reduction in the world. It has far-reaching implications for China's energy conservation and emission reduction market.
In this regard, some insiders said that the release of the elimination of the road map also shows the country's substantial step forward in eliminating backward production capacity. Accordingly, the energy-saving lamp market will usher in development opportunities, and LED lights will become the protagonists of the future. Among them, dry photo photoelectric will benefit.
The rising cost of raw materials The company's pressure shows that China is a big producer and consumer of incandescent lamps. In 2010, the output and domestic sales of incandescent lamps were 3.85 billion and 1.07 billion respectively. According to estimates, domestic lighting power accounts for about 12 of the total electricity consumption in society. An analyst said that the country's elimination of incandescent lamps is not only conducive to accelerating the technological advancement of China's lighting industry, promoting the upgrading and optimization of the electrical industry, providing a good market environment for the production and sales of energy-saving lamps and LED lamps. It is good for the industry, and those who are winning in the industry will be the beneficiaries.
With the introduction of the elimination route for incandescent lamps, a number of listed companies in the secondary market will benefit directly from the secondary market and have good performance. However, the reality is also telling everyone that due to the rising prices of raw materials such as rare earths, the cost of enterprises has increased. In listed companies that have issued interim results reports, costs have become the biggest obstacle to the profit growth of these companies.
According to statistics, the net profit of Zhejiang Sunshine, Silan Micro and other companies reported a year-on-year decline, and the reason for the decline in corporate profits was mainly due to cost pressure.
According to the 2011 mid-year report released by Sunlight Lighting, the largest energy-saving lamp manufacturer in China, the increase in rare earth prices has caused domestic lighting companies to increase their costs substantially, and on the other hand, greatly increased the pressure on purchasing funds, resulting in a general decline in gross profit in the energy-saving lighting industry. Even in the case of losses, many companies have reduced production, restricted production or even stopped production. In the first half of this year, the company achieved a net profit of 72.69 million yuan and a net profit of 25.09. As a result of the decline in performance, the company said that the company's rare earth silver powder material prices and labor costs increased significantly year-on-year.
Another of China's largest color screen chip suppliers, Silan Micro, last year, the company's LED chips entered the lighting market from the color screen market, and ordered eight MOCVD devices (which will solve the chip and epitaxial film capacity bottleneck). In March of this year, Silan Micro's LED chip shipments exceeded 700 million, and it is expected to reach more than 1.1 billion planned in August. With the availability of equipment, the self-sufficiency rate of the company's epitaxial wafers will gradually increase from 50 to 70 this year. Last year and this year is a two-year expansion of chip capacity in the LED industry, so the price of chips will drop significantly this year and next.
In addition, the company's mid-year report shows that the company's net profit attributable to shareholders of listed companies from January to June 2011 was 85.24 million yuan, a decrease of 28.66 compared with the same period of last year; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 79.43 million. Yuan, a decrease of 23.92 compared with the same period last year.
As for the decline in the company's profits, Mr. Ma said that the company mainly introduced equipment last year, and the production capacity of new products has not been completely released. In addition, the rise in raw materials is also one of the reasons for the decline in the company's net profit.
He Zaihua said that the dilemma of the energy-saving lamp market caused by the development of the rare earth industry is not a case. This is caused by fluctuations in the upstream and downstream markets of the normal industrial chain, and it is not only reflected in the energy-saving lamp market. Overall, the industry's future development prospects are promising, but the cost pressures currently encountered are indeed very prominent, not only the rising cost of rare earth materials. The main reason for the slow penetration of LED lighting is that the price is still at a high level so far, which belongs to high-end products, which greatly limits the expansion of the market. Therefore, the progress of the market in the future is mainly reflected in the price decline, with the gradual cost Control, the future market space of the industry will be further enlarged.