Key Analysis
The international status of China's mainland chip companies has been continuously improved, and the pace of domestically produced chips has accelerated. In contrast, the Taiwan and Japan-US chip factories are relatively depressed.
In the first quarter, the price of chips and devices in the mainland LED market remained steady or rose slightly, and the market performance showed signs of recovery. The LED market in Taiwan remained relatively sluggish.
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According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in 2015, the output value of China's LED chip industry reached 13 billion yuan, an increase of 8.3% year-on-year, and the sales volume increased by more than 60%. The global LED chip market has seen a slight increase of 1.4% in 2014. The international status of China's mainland chip companies has been continuously improved, and the pace of domestically produced chips has accelerated.
In contrast, the Taiwan and Japan-US chip factories are relatively depressed. Taiwan chip maker Jingdian and US chip giant CREE have cut production by 25% since the second half of last year, in an attempt to alleviate the oversupply of global chips in order to stabilize the price of chips. However, the market supply and demand relationship is complicated, and domestic chip companies do not buy it. Although the pace of expansion has slowed down but continued, on April 13, Jingdian said that this year's output will continue to drop by 25%. The global leader of the LED industry, Nichia, also issued a warning. Mainland Chinese companies rely on government subsidies to cut prices. The major manufacturers have fought price wars and the market has fallen into a comprehensive Red Sea battlefield. The LED market will remain grim in 2016. In 2016, global output increased by only 5%.
In mid-April 2016, LED listed companies released their first-quarter performance forecasts (Express). From the first-quarter performance forecast (Express) of LED listed companies in the mainland market, the first-quarter revenue was better than that in 2015. increase. In the first quarter, the price of chips and devices in the mainland LED market remained steady or rose slightly, and the market performance showed signs of recovery. In contrast, the LED market in Taiwan is still relatively sluggish.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), in the first quarter of 2016, the total revenue of six listed sapphire substrates in Taiwan was 101 million yuan (unit: RMB, the same below), a decrease of 72.5% year-on-year; The total revenue of the company was 1.638 billion yuan, a year-on-year decrease of 10.4%; the total revenue of 10 LED packaged listed companies was 3.091 billion yuan, a year-on-year decrease of 8.5%.
In the first quarter, the total revenue of six sapphire substrate plants decreased by 72.5% year-on-year.
According to GGII statistics, in the first quarter of 2016, six sapphire substrate plants in Taiwan achieved a total revenue of 101 million yuan, a year-on-year decrease of 72.5%. Specifically, in the first quarter of 2016, the revenues of six sapphire substrate companies in Taiwan all declined. Except for Ruijie Technology, the rest of the company's revenue declined by more than 40%.
Figure 1 Revenue of six sapphire substrate plants in Taiwan in the first quarter of 2014-2016 (unit: 100 million yuan, %)
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Source: Company Gazette GGII
In the first quarter, the total revenue of five LED chip factories decreased by 10.4% year-on-year.
According to GGII statistics, in the first quarter of 2016, the total revenue of five chip factories in Taiwan was 1.638 billion yuan, a year-on-year decrease of 10.4%. Specifically, in the first quarter of 2016, Taiwan’s five chip companies only saw revenue growth, while other companies’ revenues decreased year-on-year. Taiwan’s LED chip giant Jingyuan Optoelectronics’ first quarter 2016 revenue decreased 8.8% year-on-year. The third chip giants saw a large decline in revenue in the new century, down 55.3% year-on-year.
Figure 2 Revenue of five LED chip factories in Taiwan in the first quarter of 2014-2016 (unit: 100 million yuan, %)
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Source: Company Gazette GGII
In the first quarter, the total revenue of 10 LED packaging plants decreased by 8.5% year-on-year.
According to GGII statistics, in the first quarter of 2016, the total revenue of 10 LED packaging factories in Taiwan reached 3.091 billion, a year-on-year decrease of 8.5%. Specifically, in the first quarter of 2016, among the 10 listed LED packaging companies in Taiwan, only Lianjia’s revenue growth was good, and the rest of the company’s revenues declined. Taiwan’s LED packaging giant Yiguang’s revenue in the first quarter fell 4% year-on-year. Both Dongbei and Hongqi's revenues fell by more than 20%, the largest decline.
Figure 3 Revenue of 10 LED packaging factories in Taiwan in the first quarter of 2014-2016 (unit: 100 million yuan, %)
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Source: Company Gazette GGII
Analyst:
Name: Li Shengfa
Email: sf.
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GGII latest industry research report:
"2016 China LED Chip Industry Research Report (Seventh Edition)"
"2016 China Sapphire Industry Research Report (Seventh Edition)"
"2016 China LED Phosphor Industry Research Report (Seventh Edition)"
"2016 China LED Packaging Silicone Industry Research Report (Seventh Edition)"
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Gaogong LED Industry Research Weekly (20160411-20160415)
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