Downward phase of the economic cycle, some industry experience complete industry reshuffle, mighty wave crashing on a sandy shore, the pattern has been set, leading the company talent shows itself. Definition of the industry reshuffle is a completely, after several years of investment too fast; two is in recent years the price decline is very obvious, the price of the chain continued to decline; three is the industry's big companies restructuring or bankruptcy liquidation; four is the leading companies market share continue to improve. Founder Securities said good LED packaging industry, the follow-up will further supplement, active interest in the proposed LED packaging industry leader rawlinson. 1, the period of economic downturn, the industry reshuffle. The cycle performance is roughly 2010-2012 annual capacity of investment accelerated, especially in manufacturing investment, for three consecutive years to maintain the growth rate at 20%-30%, is a huge increase of capacity. 2012-2015 prices continued to decline, has been 4 years, part of the industry carried out a thorough reshuffle, in the macroeconomic stage and stable background, some industries have been reversed. 2, reversal industry: LED packaging industry. Due to the encapsulation of LED low barriers to entry, the scale of investment in more than 20 million, in the early development of the industry has attracted a lot of capital to enter, the packaging industry to form a small and scattered pattern, more than 10 years ago the industry basically presents the warlords hegemony pattern, 14, 15 years LED package prices fell 30%, of which 14 years 15 years, down 30%-50%, in this context, the large-scale enterprises bankruptcy restructuring, mergers and acquisitions industry increased significantly, large merger cases increased significantly, the amount of billions of M & A case number reached 39, accounting for 73.6%. 3, LED package leading companies: rawlinson. From the packaging capacity, M.L.S. was 360 billion 2015, nationstar 48 billion, honglitronic 15 billion, Linsen the advantage of no shake. The core aspect: one is set by the LED package will continue to expand production capacity; the two is to layout the lighting field is downstream; three overseas acquisitions expected, the international brand OSRAM is likely to target.