Yesterday, the LED sector bucked the market trend and rose by 1.01%. Jufei Optoelectronics rose by the daily limit. Five concept stocks including Unilumin Technology, Leyard, Huacan Optoelectronics, Hongli Optoelectronics, and Qinshang Optoelectronics all rose by more than 5%. In addition, stocks such as Tongfang Guoxin, Fujing Technology, Alto Electronics, Absen, Changfang Lighting, and Ledman Optoelectronics also experienced significant gains.
In terms of performance, as of yesterday, 31 of the 55 LED companies have disclosed interim reports. Among them, 24 companies have achieved year-on-year growth in net profit in the first half of this year, accounting for 77.42%. Companies such as Tiantong, Huacan Optoelectronics, Unilumin Technology, Hengshun Vinegar, Leyard, Silan Micro, Absen, and Aoyang Shunchang have all experienced year-on-year net profit growth of more than 50% in the first half of this year.
It is worth noting that institutions held 39 LED concept stocks in the second quarter. Among them, institutions increased their holdings of 16 performance growth stocks in the second quarter, with a cumulative increase of 154.614 million shares and a cumulative increase of 2.352 billion yuan. Specifically, in the second quarter, institutions newly held three stocks, including Wanrun Technology, Nationstar Optoelectronics, and Ledman Optoelectronics. The number of new shares held were 3.9811 million shares, 3.4996 million shares, and 2.3173 million shares respectively. At the same time, institutions continued to increase their positions in 13 LED stocks in the second quarter. Among them, institutions increased their holdings by more than 20 million shares, including Zhaochi (33.986 million shares), Tongfang Guoxin (28.8040 million shares), and Sunshine Lighting (23.825 million shares).
In this regard, analysts said that the LED industry, which has recovered since the second half of last year, has maintained a positive trend in industry prosperity. Looking at the reasons for the performance growth of various companies, most of them are the growth of the main business due to the recovery of the market in which they are located. The general growth in the performance of LED listed companies has become one of the important factors for institutions to increase their holdings.
A few days ago, according to media reports, Grudev, the representative of the Russian Federation’s Commercial Representative Office in China, visited and investigated leading LED companies in Shenzhen, Guangzhou, Foshan and other places to seek opportunities for further cooperation between Guangdong companies and the Russian and CIS markets. It is reported that many companies are already gearing up and setting their sights on Russia and the CIS countries, and some companies have increased their research and observation of emerging markets in Russia and the CIS countries.
Data show that in the lighting market in 2013, the sales volume of Russian LED bulbs was 1 billion, with sales of 40 billion rubles. As the Russian government has introduced a series of measures to promote energy-saving lamps, it is expected that by 2016, the market share of LED lighting in the Russian lighting industry will increase to about 35%.
ANNA