LED concept stocks grew rapidly in the first half of the year and performed well

In August, the LED sector bucked the market trend and rose by 1.01%. Companies such as LED lighting and LED display screens all performed well. Jufei Optoelectronics hit the daily limit strongly during the session, and concept stocks such as 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.

Among the 55 LED-related listed companies, most of the net profits in the first half of this year achieved year-on-year growth, accounting for 77.42%. Companies such as Tiantong Co., Ltd., Huacan Optoelectronics, Hengshun Vinegar, Leyard, Silan Micro, Absen, Aoyang Shunchang and other companies all increased their net profits by more than 50% year-on-year in the first half of this year.


In this regard, industry insiders 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 growth of each company's performance, most of them are the growth of the main business due to the recovery of the market in which they are located, the gradual expansion of foreign markets, and the general growth of the performance of LED listed companies, which has become one of the important factors for institutions to increase their holdings.

Recently, 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 Commonwealth of Independent States.In CIS countries, some companies have increased their research and observation of emerging markets in Russia and 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%.