The industry will implement fiscal subsidies for energy-saving lighting stocks welcome

Recently, the Ministry of finance, development and Reform Commission jointly issued the "Interim Measures for efficient lighting products to promote financial subsidies to fund management". The approach shows that the government to promote efficient lighting products, to promote a number of energy-saving lighting stocks strong trend, but also to promote the whole energy saving plate. Energy saving and environmental protection sector rose 5.08% yesterday. Shares in LIAN lighting, photovoltaic, A large, Zhejiang sunshine, snow Wright, FSL in intraday trading, the Zhejiang sun and FSL on Tuesday Ruoshi rise against the market trend.

Favorable subsidies related enterprises

According to the way the country will focus on support through financial subsidies efficient lighting products to replace incandescent lamps in use, and other inefficient lighting products, including self ballasted fluorescent lamps, three color double end straight fluorescent lamps for general lighting (T8, T5) and metal halide lamp, high-pressure sodium lamp, electric light source products semiconductor (LED) lighting products, as well as supporting the necessary ballast.

The provisions, bulk users each efficient lighting products, the central government by the successful supplier of protocol 30% of the price subsidies; urban and rural residents per user efficient lighting products, the central government by the successful supplier of protocol 50% of the price subsidies. According to the planning objectives, the state will be in 11th Five-Year through fiscal subsidies to promote the 150 million energy-saving lamps, the formation of energy-saving capacity of 29 billion kwh.

Insiders said that the implementation of government subsidies for energy-efficient lighting products, will enable enterprises operating income increase, help to promote the development of the industry; at the same time, it also shows that the country will continue to increase efforts to promote the implementation of energy-saving emission reduction targets, there are incentives for the energy saving and environmental protection plate.

Industry risks need to be cautious

Green lighting product development and promotion has become one of the important measures of energy saving and emission reduction work, with the work to further expand, enterprises will continue to usher in good. Is expected to total sales of lighting industry in China in 2009 will exceed 160 billion, day care analysts also said that the industry of domestic energy-efficient lighting in the next five years the average annual compound growth rate will reach 27%.

Insiders said that in the continuous introduction of basic national policy support, industry leading enterprises have investment value, is expected to greatly benefit. Such as Zhejiang sunshine, the company's main products are used for general lighting from the town of fluorescent lamps and three color double end straight fluorescent lamps in the domestic sales will be promoted, is expected to grow rapidly; FSL, snow Wright is also worthy of attention.

At the same time, we should also pay attention to the risk of the existence of the industry. In the current market volatility process, the stock has been rising continuously should not chase high. In addition, CITIC Securities analyst also pointed out that the competition to domestic lighting industry rapidly at present to large enterprises, the price transmission mechanism is not smooth, the industry profit rate is still hovering in the low price competition caused; and because of the relatively slow progress of government bidding, the implementation of this policy brings to the specific enterprise is still not good uncertainty.

Source: Daily Economic News