Original title: Investing in mergers and acquisitions, clouding, LED industry taking off
"We (LED industry) feel that the industry has a big opportunity, and its replacement of traditional lighting is inevitable. Only this market will have a trillion market size." The industry sponsored by Shanghai Securities News and China Securities Network on August 22. At the frontier (Shenzhen) Roundtable Forum, the short words of Ruifeng Optoelectronics Secretary-General Ke Hanhua, while revealing the voices of many industry people, may also reveal the incentives for the industry's investment M&A activity.
According to statistics from CSA Research, from January to June 2014, China's LED lighting companies completed 11 M&A transactions with a total transaction amount of about 3.5 billion yuan, and the average fund size per case was about 300 million yuan.
Senior executives of listed companies such as Chau Ming Technology and Ruifeng Optoelectronics, as well as fund managers of Dacheng Fund, Baoying Fund and Southern Fund, agreed that the new round of mergers and acquisitions in the industry is different from the capacity expansion in previous years. Rationality and leading power are leading enterprises in the industry, and the differentiated competition situation is obvious, and the industry will enter the “post-competition era”. At the same time, driven by multiple factors such as policy support, upstream technology breakthroughs, price declines, and strong market demand, the LED industry has taken off indefinitely, and the next decade will be the gold development period.
⊙Reporter Lei Zhongxiao Yan Cui ○Editor Qiu Jiang