Key Analysis
The High-tech LED Industry Research Institute (GLII) released the Ruifeng Optoelectronics research report, arguing that the company's net profit growth in the first three quarters of this year was significantly reversed. The main reason for the continuous expansion of the medium and large-size backlight LED packaging business and the steady development of the lighting LED packaging business Two aspects. The company's large-size backlight LED business growth rate will face a significant decline in 2014, the company's long-term development still depends on the lighting LED business.
GLII expects that the first largest customer of Ruifeng Optoelectronics, Konka Group, will purchase more than 90 million this year, a year-on-year increase of more than 240%. In addition to the rapid growth of the LED TV market, there are several factors in addition to the rapid growth in downstream LED purchases:
1. The improvement of the quality of domestic backlight LED products;
2. Downstream customers increase the proportion of domestic backlight LED purchases to reduce production costs;
3. Ruifeng has strong market competitiveness in the domestically produced large backlight LED market.
GLII expects Ruifeng Optoelectronics' revenue from 2012-2014 to be 449 million, 769 million, and 987 million respectively; net profit attributable to owners of the parent company is 408 million, 179 million, and 100 million respectively; corresponding diluted EPS is 0.45. Yuan, 0.74 yuan, 0.93 yuan.
According to the latest report released by GLII, as of 2012, 44 of China's 44 companies have a total of 896 MOCVD enterprises, and the current capacity utilization rate is only about 31%.
High-tech observation
GLII: The global OLED lighting market will reach US$4.2 billion in 2015. GLII: The LED industry has encountered bottlenecks. Does the non-sapphire substrate become a new direction for cost improvement?
Chen Hongda, deputy director of the Institute of Semiconductors, Chinese Academy of Sciences: Half of incandescent lamps can be replaced with LED lights to save 2.5 Three Gorges Dam
Market review
This week's high-tech LED industry index closed at 950.93 points, down 4.95%, once again fell below 1000 points, the Shanghai and Shenzhen 300 index fell 2.85%, the high-tech LED index fell more than the broader market.
Among the 25 key stocks, only Alto Electronics rose by an average of 5.71%. The top three declines were Wanrun Technology (-16.79%), Jufei Optoelectronics (-10.89%) and Dehao Runda (-8.62%).
Investment recommendation
Sanan Optoelectronics (600703), Qinshang Optoelectronics (002638), Ruifeng Optoelectronics (300241).
For this download, please click: http://?1352799460
Click to download more high-tech LED production research weekly report: http://
The High-tech LED Industry Research Institute (GLII) released the Ruifeng Optoelectronics research report, arguing that the company's net profit growth in the first three quarters of this year was significantly reversed. The main reason for the continuous expansion of the medium and large-size backlight LED packaging business and the steady development of the lighting LED packaging business Two aspects. The company's large-size backlight LED business growth rate will face a significant decline in 2014, the company's long-term development still depends on the lighting LED business.
GLII expects that the first largest customer of Ruifeng Optoelectronics, Konka Group, will purchase more than 90 million this year, a year-on-year increase of more than 240%. In addition to the rapid growth of the LED TV market, there are several factors in addition to the rapid growth in downstream LED purchases:
1. The improvement of the quality of domestic backlight LED products;
2. Downstream customers increase the proportion of domestic backlight LED purchases to reduce production costs;
3. Ruifeng has strong market competitiveness in the domestically produced large backlight LED market.
GLII expects Ruifeng Optoelectronics' revenue from 2012-2014 to be 449 million, 769 million, and 987 million respectively; net profit attributable to owners of the parent company is 408 million, 179 million, and 100 million respectively; corresponding diluted EPS is 0.45. Yuan, 0.74 yuan, 0.93 yuan.
According to the latest report released by GLII, as of 2012, 44 of China's 44 companies have a total of 896 MOCVD enterprises, and the current capacity utilization rate is only about 31%.
High-tech observation
GLII: The global OLED lighting market will reach US$4.2 billion in 2015. GLII: The LED industry has encountered bottlenecks. Does the non-sapphire substrate become a new direction for cost improvement?
Chen Hongda, deputy director of the Institute of Semiconductors, Chinese Academy of Sciences: Half of incandescent lamps can be replaced with LED lights to save 2.5 Three Gorges Dam
Market review
This week's high-tech LED industry index closed at 950.93 points, down 4.95%, once again fell below 1000 points, the Shanghai and Shenzhen 300 index fell 2.85%, the high-tech LED index fell more than the broader market.
Among the 25 key stocks, only Alto Electronics rose by an average of 5.71%. The top three declines were Wanrun Technology (-16.79%), Jufei Optoelectronics (-10.89%) and Dehao Runda (-8.62%).
Investment recommendation
Sanan Optoelectronics (600703), Qinshang Optoelectronics (002638), Ruifeng Optoelectronics (300241).
For this download, please click: http://?1352799460
Click to download more high-tech LED production research weekly report: http://
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