China's LED industry has formed a basically complete industrial chain, and has initially formed four major regions: Pearl River Delta, Yangtze River Delta, Northern China, Jiangxi, and Fujian. Each region has initially formed a relatively complete industrial chain, accounting for more than 85% of the total. LED companies are located in these areas. The first semiconductor lighting project industrialization bases approved by the National Semiconductor Lighting Project in Shanghai, Xiamen, Dalian, and Nanchang basically reflect this industry structure.
Pearl River Delta Pearl River Delta semiconductor lighting industry is mainly concentrated in Shenzhen, Guangzhou, Foshan, Dongguan and other places, the most obvious competitive advantage is the application of a larger market and the convergence of the middle and lower reaches of the enterprise, is the largest domestic package, the most concentrated investment area; Guangzhou Dozens of downstream packaging companies have been concentrated, with leading advantages in packaging and LED applications. Shenzhen has formed a complete industrial chain of “sapphire-extension-chip-packaging-applicationâ€, and a number of famous companies have emerged. The weak link in the Pearl River Delta is that the technical power is relatively weak, and the existing technical forces are too concentrated in a few companies.
The Yangtze River Delta LED industry in the Yangtze River Delta region is mainly concentrated in Shanghai, Jiangsu, and Zhejiang. Shanghai has shown good industrial development trend in semiconductor chip manufacturing and packaging applications, and formed a relatively complete industrial chain and enterprise group; Jiangsu has begun to take shape in LED packaging and application; Ningbo has a very good industrial foundation and The advantages of economic location are the major production bases for special lighting in China and have great potential for development. The advantage of the semiconductor lighting industry in the Yangtze River Delta is that it has a large number of technical and commercial talents, rich experience in industrialization, and strong capital strength.
The North China R&D institutions represented by Beijing and Dalian are the most concentrated, the R&D strength is the strongest, and they have the best domestic technology for epitaxial chips; Dalian has obvious location advantages and strong industrial strength through industrialization. With the introduction and industrialization, Dalian has become an important LED industry base in China. The advantage of the semiconductor lighting industry in the northern region is that there are more R&D institutions and talents.
Jiangxi and Fujian provinces in Jiangxi Province have achieved large-scale production from upstream epitaxial materials, middle-stream chip manufacturing, and downstream device packaging; Xiamen in Fujian Province already has dozens of chip manufacturing, packaging, and applied product R&D and production companies with cluster advantages. Talent advantages and location advantages form a relatively complete industrial chain and a larger industrial scale. Xiamen will also incorporate Taiwan's regional advantages into its overall plan for industrial development, hoping to attract Taiwanese investment to form a complete industrial chain and industrial scale.
The listed companies currently engaged in the LED business mainly include Fangda, Lianchuang, Silan Micro, Suchang Electric, etc.; among them, Silan Micro has certain advantages in chip manufacturing, and Su Changjiang's main products are discrete devices. And IC; Fangda's semiconductor lighting business is still in its infancy, and the company's main business is still the decoration materials industry; in contrast, Lianchuang is a domestic and even internationally competitive semiconductor lighting industry. Producers and distributors, they are highlighted below.
Lianchuang (600363)
As one of the five major industrial bases for semiconductor lighting projects in China, Lianchuang has the most outstanding advantage among many LED manufacturers: it has the most complete industrial chain to date (from LED epitaxial wafers, chips, devices to application products). The company's investment of 500 million yuan of Lianchuang Optoelectronics Technology Park has become China's largest semiconductor light-emitting materials and equipment industrialization base. As the key high-tech enterprise of the National Torch Plan, the company is the national industrialization base for the "863" project and the national "Indium gallium nitride nitrogen LED epitaxial wafers and chip industrialization" demonstration project. Its leading product has the highest market share in the domestic market.
As the earliest LED R&D and production enterprise in the country, Lianchuang Photoelectric LED has formed a complete industrial chain including the upper, middle and lower reaches. Its LED business is mainly composed of five subsidiaries. Among them, the photoelectric branch established on the basis of the former Jiangxi Jiangnan Material Factory is engaged in the production of LED epitaxial wafers on the upstream; the subsidiary Nanjing Xinlei is the largest LED chip manufacturer in China. The products are mainly on the medium and low-end routes, and the profitability is among the domestic counterparts. At a high level, in addition to producing large quantities, it also shoulders the task of mass-producing blue-chip chips with high technical content for listed companies. Lianchuang Nanchang Branch, Xiamen Hualian, and Lianchuang Zhiguang are LED downstream packaging companies. According to the plan, the Nanchang branch in 2010 will strive to increase the annual output of LED optoelectronic devices from the current 200 million to 1 billion. Nanchang LED industry clustering effect has begun to appear, and has been included in the industry's "Eleventh Five-Year" development plan, it is expected that by 2010 will achieve the annual output value of 10 billion -200 billion yuan, and Lianchuang is the implementation of this plan The most important is even the only company.
The company's relay products will gradually open the military market. Xiamen Hongfa (subsidiary) is the company's finest asset. It is the world's sixth-ranked relay manufacturer and has strong competitive strength. Its sealed relay will gradually open the military market in 2006.
Cable and communication services have seen the fastest growth. The cable company is the company's fastest-growing business, and its RF cable has reached a world-class level, ranking third in the country. The company's customers include mobile, telecommunications, Unicom, Huawei, Samsung and other major operators and equipment vendors as well as military users. The company's telecommunications business is mainly supplied to the military. Its product gross margin is above 40%, and its products are in short supply. It will maintain its rapid growth momentum in the coming years. The company's cable and communications dedicated systems (military) will maintain a good growth trend in the next 2-3 years.
In 2006, the company established a new development strategy of “One Main and Three Supportsâ€, namely LED-based industry, relays, cables, and communications as support, increased investment in LED industry through centralized resources, and sought rapid support through listing. Development, and adjustment, withdrawal, and clean-up of related industries will bring new opportunities for the development of enterprises.
Pearl River Delta Pearl River Delta semiconductor lighting industry is mainly concentrated in Shenzhen, Guangzhou, Foshan, Dongguan and other places, the most obvious competitive advantage is the application of a larger market and the convergence of the middle and lower reaches of the enterprise, is the largest domestic package, the most concentrated investment area; Guangzhou Dozens of downstream packaging companies have been concentrated, with leading advantages in packaging and LED applications. Shenzhen has formed a complete industrial chain of “sapphire-extension-chip-packaging-applicationâ€, and a number of famous companies have emerged. The weak link in the Pearl River Delta is that the technical power is relatively weak, and the existing technical forces are too concentrated in a few companies.
The Yangtze River Delta LED industry in the Yangtze River Delta region is mainly concentrated in Shanghai, Jiangsu, and Zhejiang. Shanghai has shown good industrial development trend in semiconductor chip manufacturing and packaging applications, and formed a relatively complete industrial chain and enterprise group; Jiangsu has begun to take shape in LED packaging and application; Ningbo has a very good industrial foundation and The advantages of economic location are the major production bases for special lighting in China and have great potential for development. The advantage of the semiconductor lighting industry in the Yangtze River Delta is that it has a large number of technical and commercial talents, rich experience in industrialization, and strong capital strength.
The North China R&D institutions represented by Beijing and Dalian are the most concentrated, the R&D strength is the strongest, and they have the best domestic technology for epitaxial chips; Dalian has obvious location advantages and strong industrial strength through industrialization. With the introduction and industrialization, Dalian has become an important LED industry base in China. The advantage of the semiconductor lighting industry in the northern region is that there are more R&D institutions and talents.
Jiangxi and Fujian provinces in Jiangxi Province have achieved large-scale production from upstream epitaxial materials, middle-stream chip manufacturing, and downstream device packaging; Xiamen in Fujian Province already has dozens of chip manufacturing, packaging, and applied product R&D and production companies with cluster advantages. Talent advantages and location advantages form a relatively complete industrial chain and a larger industrial scale. Xiamen will also incorporate Taiwan's regional advantages into its overall plan for industrial development, hoping to attract Taiwanese investment to form a complete industrial chain and industrial scale.
The listed companies currently engaged in the LED business mainly include Fangda, Lianchuang, Silan Micro, Suchang Electric, etc.; among them, Silan Micro has certain advantages in chip manufacturing, and Su Changjiang's main products are discrete devices. And IC; Fangda's semiconductor lighting business is still in its infancy, and the company's main business is still the decoration materials industry; in contrast, Lianchuang is a domestic and even internationally competitive semiconductor lighting industry. Producers and distributors, they are highlighted below.
Lianchuang (600363)
As one of the five major industrial bases for semiconductor lighting projects in China, Lianchuang has the most outstanding advantage among many LED manufacturers: it has the most complete industrial chain to date (from LED epitaxial wafers, chips, devices to application products). The company's investment of 500 million yuan of Lianchuang Optoelectronics Technology Park has become China's largest semiconductor light-emitting materials and equipment industrialization base. As the key high-tech enterprise of the National Torch Plan, the company is the national industrialization base for the "863" project and the national "Indium gallium nitride nitrogen LED epitaxial wafers and chip industrialization" demonstration project. Its leading product has the highest market share in the domestic market.
As the earliest LED R&D and production enterprise in the country, Lianchuang Photoelectric LED has formed a complete industrial chain including the upper, middle and lower reaches. Its LED business is mainly composed of five subsidiaries. Among them, the photoelectric branch established on the basis of the former Jiangxi Jiangnan Material Factory is engaged in the production of LED epitaxial wafers on the upstream; the subsidiary Nanjing Xinlei is the largest LED chip manufacturer in China. The products are mainly on the medium and low-end routes, and the profitability is among the domestic counterparts. At a high level, in addition to producing large quantities, it also shoulders the task of mass-producing blue-chip chips with high technical content for listed companies. Lianchuang Nanchang Branch, Xiamen Hualian, and Lianchuang Zhiguang are LED downstream packaging companies. According to the plan, the Nanchang branch in 2010 will strive to increase the annual output of LED optoelectronic devices from the current 200 million to 1 billion. Nanchang LED industry clustering effect has begun to appear, and has been included in the industry's "Eleventh Five-Year" development plan, it is expected that by 2010 will achieve the annual output value of 10 billion -200 billion yuan, and Lianchuang is the implementation of this plan The most important is even the only company.
The company's relay products will gradually open the military market. Xiamen Hongfa (subsidiary) is the company's finest asset. It is the world's sixth-ranked relay manufacturer and has strong competitive strength. Its sealed relay will gradually open the military market in 2006.
Cable and communication services have seen the fastest growth. The cable company is the company's fastest-growing business, and its RF cable has reached a world-class level, ranking third in the country. The company's customers include mobile, telecommunications, Unicom, Huawei, Samsung and other major operators and equipment vendors as well as military users. The company's telecommunications business is mainly supplied to the military. Its product gross margin is above 40%, and its products are in short supply. It will maintain its rapid growth momentum in the coming years. The company's cable and communications dedicated systems (military) will maintain a good growth trend in the next 2-3 years.
In 2006, the company established a new development strategy of “One Main and Three Supportsâ€, namely LED-based industry, relays, cables, and communications as support, increased investment in LED industry through centralized resources, and sought rapid support through listing. Development, and adjustment, withdrawal, and clean-up of related industries will bring new opportunities for the development of enterprises.
Jiangmen Hongli Energy Co.ltd , https://www.honglienergy.com