China's LED companies are thinning profits
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According to the LEDinside survey of the Green Energy Division of TrendForce, a global market research organization, the average value of LED chips in mainland China in 2013 was 849 million US dollars, with an annual growth rate of 17. LEDinside analysts. Yu Bin said that the rapid increase in the penetration rate of LED commercial lighting in 2013 boosted the capacity utilization rate of wafers. However, as the price of LED chips continued to decline, the growth rate of output value was not as good as that of production. It is expected that the output value will increase by the same growth rate in 2014. 992 million US dollars.
In the first half of 2013, LED commercial lighting market demand was strong, traditional lighting accelerated the transformation speed, and midstream packaging manufacturers gradually integrated downstream lighting, which led to the phenomenon of mid-power lighting chips in the first half of the year. The capacity utilization rate of manufacturers based on lighting chips has increased rapidly. LEDinside pointed out that Dehao Runda's LED chip revenue in 2012 was only US$35.5 million, and it is expected to reach US$56.5 million in 2013, which will grow by more than 50%. Yuanrong Optoelectronics will double its revenue in 2013. Sanan Optoelectronics, Tongfang Optoelectronics and Hualei Optoelectronics maintain a high level of capacity utilization.
Manufacturers based on display chips have increased their lighting wafer business. Huacan Optoelectronics LED lighting chip revenue ratio has gradually increased, it is expected to reach 50% by the end of 2013; Silan Mingxin new production machine is mainly used to produce lighting wafers. In the case of the rise of local chip companies in mainland China, the market share of Taiwan and international manufacturers in the mainland is gradually shrinking. LEDinsde data show that in 2013 China's LED chip production rate has reached 80.
According to LEDinsde's observations, in the field of display chips, 2013 still showed a trend of rapid price decline. Corporate profits failed to grow in direct proportion to revenue. The decline in prices led to a sharp drop in profits. This is why display chip manufacturers have increased their lighting wafer business. one.
In 2013, China's LED chip industry concentration increased further. From the top five manufacturers' revenue market share, it grew from 61.9 in 2012 to 64.4. As the industry continues to develop, the concentration will continue to increase, and the industry will be reshuffled and integrated. It is inevitable. Yu Bin said that from the current wafer industry situation, although the price decline rate has slowed down, corporate profitability is still difficult to upgrade, and small and medium-sized chip makers lacking funds and technology will become the next batch of bankruptcies or mergers and acquisitions. Object.
Looking forward to 2014, LED lighting is still the main field for wafer manufacturers to compete in the slow growth of backlights and displays. LEDinside expects global LED lighting output value to reach 17.8 billion US dollars in 2014, the total number of LED lighting products shipped to 1.32 billion, an increase of 68.
In terms of technology, the 4-inch epitaxial growth technology has been rapidly increased by the mainland Chinese manufacturers. In addition to the use of Dehao Runda 100, it is expected that the proportion of Sanan Optoelectronics, Huacan Optoelectronics and Guoxing Optoelectronics will reach more than 30%; In addition, the flip chip packaging method (FlipChip) will also be sought after, and it is widely used in the field of high-power lighting and flash lamps by virtue of its own advantages.