Analysis conclusion
Key planning
At present, 90% of the TV sets sold in China are LCD TVs, and the proportion of LED TVs to LCD TVs has reached more than 70%. LED TVs are the mainstream of the TV market.
Since April of this year, the share of Japanese TV manufacturers in the domestic TV market has begun to decline. In August, the market share of all major Japanese TV manufacturers has dropped by 13 percentage points from April. In September, its market share will continue to decline, and Japan’s “purchase of islands†farce will make Japanese TV manufacturers worse.
The High-Tech LED Industry Research Institute (GLII) expects that the Japanese goods resistance caused by the Japanese "purchase of island" farce will not be quickly eliminated. By December 2012, the market share of Japanese LED TV manufacturers will be possible. It fell below 10%, and the market share of Japanese TV manufacturers will fall below 15% in 2012.
Domestic LED TV manufacturers will become the main beneficiaries. Among the key LED listed companies, Ruifeng Optoelectronics and Jufei Optoelectronics are the main customers affected by the incident. The main customers of Ruifeng Optoelectronics large-size backlight LED products are TV manufacturers such as Konka, Skyworth and Changhong, and according to the semi-annual report of Jufei Optoelectronics. Its large-size backlight LED products have begun to be supplied to TV manufacturers such as Hisense, Skyworth and Changhong on a small scale; among other LED concept listed companies, the main affected companies are Zhaochi and TCL Group.
High-tech observation
GLII: P3 display will become the mainstream of indoor display market in 2013 GLII: Talking about the way of operation through Crawford Optoelectronics Shenzhen has introduced outdoor LED display planning policy, LED screen is forbidden in pure residential area
Market review
This week's high-tech LED industry index closed at 1051.23 points, a sharp drop of 7.89%, falling for the second consecutive week. This week, the Shanghai and Shenzhen 300 Index fell 5.30%. The LED sector followed the overall market trend and the decline was more obvious.
The 25 key LED stocks all fell, with an average decline of 9.59%. The top five declines were Yuanfang Optoelectronics (-20.55%), Jufei Optoelectronics (-14.89%), Moso Power (-14.64%), Dry Photoelectric (-14.14%) and Hongli Optoelectronics (-12.46%). The smallest drop was sunlight (-1.00%).
Investment recommendation
Sanan Optoelectronics (600703), Sunlight (600261), and Far Optoelectronics (300306).
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