LED lighting industry will meet new development opportunities

Some people in the industry said that if the lighting industry did not emerge as a green new energy LED, traditional lighting may be like the home appliance industry into several big giants era. However, due to the emergence of the fourth generation of green energy LED, the lighting industry ushered in a new round of investment peak, and then ushered in a new round of bankruptcy, the industry turmoil kept. Now ushered in the opportunity to phase out incandescent lamps, state subsidies and promotion policies, and Guangdong launched a new round of promotion of the use of new products LED lighting upsurge, I would like to ask, LED lighting will be a perfect spring, ushering in new opportunities for development.

In order to implement the 12th Five-Year Plan for Energy Saving and Emission Reduction, since the implementation of the Ten Cities Ten Thousand Pilot Program in 2009, the state’s subsidies for the LED lighting industry have only increased. This year, the state has provided finance subsidies for the 8.73 million LED lighting products of 39 companies. In addition, in May 2012, the Guangdong Provincial People's Government proposed to fully popularize LED lighting products in the province's public lighting field within three years. Several cities in the Pearl River Delta have successively launched implementation plans and are now entering the tendering stage. At the same time, the Guangdong Science and Technology Department and the Industrial Bank's Guangzhou Branch jointly signed a Guangdong-based LED lighting product promotion comprehensive cooperation agreement and a special cooperation agreement. According to the agreement, Industrial Bank will provide special financing services with a total amount of RMB 10 billion in total to high-quality enterprises in the province's eligible LED industry chain, subject to compliance with the requirements of the China Banking Regulatory Commission and internal approvals.

The country's subsidy to the LED lighting industry is undoubtedly sent to the rescue, and credit financing can solve the current financing difficulties. At present, many companies in the lighting industry have entered the market to expand and maintain the company's survival difficult progress, funding shortages, difficulties in opening the market and other issues plagued LED lighting companies. However, the local government has prescribed the financial subsidies and policy guidelines to support the case. Will LED lighting companies seize the opportunities and sound channels to usher in the lighting industry spring?

Although the country’s local subsidy on LED lighting has brought new enthusiasm to the industry, but for the state to subsidize new energy to bring a new round of investment, some media called this LED “investment” as “herd group effect”, due to blind obedience, LED Investment becomes "funded." Secondly, large corporations receive state subsidies, madly invest in LED projects, and establish industrial bases. Their profits have always depended on government subsidies and have been controversial. Such as Sanan Photoelectric third quarter profit of 666 million yuan, subsidies up to 328 million yuan, accounting for nearly half. In addition, Haobo Optoelectronics was caught in a "stopping production door" due to cash flow difficulties. For a time, "Forecasting rain, full of wind." The CEO said that it was only a rest and the resigned employees said that the “factory went out of business” and related media reports at the moment caused the industry to reshuffle.

Summary: The LED lighting industry advances if it does not move forward. Although there are various problems in the industry, there is no doubt that the popularization of LED lighting is conducive to the realization of energy saving and emission reduction. Under the encouragement of national policies, enterprises should be based on market demand and enterprise capabilities. We will vigorously produce and promote a new generation of green lighting energy.