Electronics industry: Lighting Japan2014 years LED lighting outbreak

Investment point of view: LightingJapan -LED lighting --LED lighting needs consensus outbreakcontinued upward, intelligent lighting boosting intelligence Home Furnishing implementation. The whole industry chain to maintain a high rate of capacity utilization, lighting needs to accelerate the rise. Table factory enthusiasm, strongly optimistic about the postganglionic demand continued. Last week, Japan's LightingJapan, intelligent lighting concern, intelligent lightingoverall boost smart Home Furnishing implementation, LED design, Lifi communicationapplication of attention. In addition, the international companies to reach a consensus, LEDlighting demand in 2014 to enter the outbreak period, LED lighting will be rolled out in the round,2014-2015 impact more than 50% proportion. The LCD panel: off-season effect, price continued to fall, 4K acceleration. Because of the influence of Spring Festival off-season, panel prices are still falling channel, small and medium size is the apple Q1 sales decline, prices fell. Outlook 2014, large size is the trend, whether the mobile terminal or on television. G8 high generationline gradually put into operation in 2014, the release of production capacity, the application of G8 in small and medium size proportion ascension, manufacturer of small size panel price pressure. Panel prices, accelerating catalytic panel manufacturers to promote the 4K panel, 4K panel penetration in 2014 is expected to exceed expectations, more than 15%. TP touch: largesize touch is still the largest niche market, but the price and the technical route is still theobstacle, the medium and small size integrated continuous. Japanese touch a sustained force,to seize more share of the global. Leading is expected through the epitaxial extension method.Investment advice, the proposed attention: LED high elastic stock Hongli photoelectric (300219,not rated), Huacan photoelectric (300323, not rated), leading an optoelectronic (600703, not rated), Yankon (600261, not rated), poly (300303, flying photoelectric Unrated) etc.. The LCD panel equipment and materials related: seven electronic (002371, not rated), Jinfu new material(300128, not rated).

Industry trends:

(1) sapphire demand Wang Taiwan factory capacity load want to raise prices

(2) Jingsheng Electromechanical is expected in the first half will begin 100 sapphire furnace

(3) demand growth "Davies double attack LED lighting"

(4) the LED market demand better crystal electric current off-season full of pomp

(5) China local manufacturers rising domestic rate of 80% of LED chip

(6) 4Q'13 Taiwan small and medium size panel shipments to decline 2.6%

(7) in January 10% drop of large size panel shipment

(8) the first quarter flat panel continued weak demand,

(9) the liquid crystal panel: net profit year-on-year increase of 176% TCL outbreak

(10) in 2014 China's LCD panel self-sufficiency rate of over 45%

(11) the research; Apple inventory, iPad panel, Q1 demand estimation down 15%

Institutional perspective:

GLII:2013 China LED industry output value reached 263800000000 yuan

Market review:

This week, A shares of the optoelectronic industry stocks, Hongli photoelectric, Zhou Ming technology, Moso power supply, Huacan photoelectric, Cohen shares in or before 5; Kang Dexin, Ou Feiguang, Tian Tong shares, *st rainbow, BOE A drop the top 5 ranks; Moso power supply, rectangular lighting, Hongli photoelectric, East crystal electronics, Zhou Ming Technology in exchange rate before 5