After the overall downturn of the industry in 2015, the overall prosperity of the LED industry has slowly recovered since the spring of 2016. As market adjustments and destocking pressures eased, the market gradually returned to a state of balance between supply and demand. Following the price increase of some LED package manufacturers in March, LED chip manufacturers have also adjusted their prices. The major manufacturers such as Jingyuan, Sanan and Huacan have slightly increased their respective products. From the market point of view, with the market, such as display screen, small pitch, automotive LED, etc., LED chip shipments are tight, driving the price increase. This also reflects the gradual improvement of the market's prosperity. The improvement in the performance of LED listed companies in the first quarter of 2016 also reflects the market's expectations.

Big mergers and acquisitions

In 2016, the wave of mergers and acquisitions in the LED industry has intensified. In the first half of this year, what other eye-catching mergers and acquisitions took place?

Liard -Ryder announced on the evening of June 29 that the company intends to acquire 100% equity of Zhongtian Lighting held by Jingsheng Business and Runying Business in cash of RMB 350 million. In the aforementioned equity transfer process, the transferor used 70% of the transfer amount of the 350 million yuan acquired (corresponding to 245 million yuan) to purchase the controlling shareholder of the company and the actual controller Li Jun. Company shares. Liad said that the above acquisition is conducive to the company's national layout of the lighting sector business.

Hyun Shuo Optoelectronics - On the morning of May 18, Zhengye Technology disclosed a major asset restructuring plan. The company intends to purchase a share of the company and pay cash to purchase a 100% stake in Hyun Shuo Optoelectronics at a price of 450 million yuan. After the transaction is completed, Hyun Shuo Optoelectronics will become a wholly-owned subsidiary of Zhengye Technology. Zhengye Technology said that after the completion of the acquisition, the principle of a high degree of autonomy of Hyun Shuo will be maintained, and the entire production and operation activities of the company will be dominated by the dazzling team.

Dehao Runda - On April 25th, Dehao Runda announced that Dalian Dehao Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, and its subsidiaries intend to purchase Dalian, Dalian Dingda and Dalian Comprehensive lighting 76.33%, 23.67% of the total 100% of the shares. The estimated value of 100% equity of Dalian Zude Lighting is RMB 20,065,510. The equity transfer is based on the evaluation value of Dalian Jingde Lighting, which is RMB 20,065,510.

Mulinsen shares - On March 24, Mulinsen issued an announcement that the company intends to purchase 80% of the shares of Chaoyang Light Source by Yan Jianguo in cash. The transaction price was initially determined by both parties. The value of 80% of the shares of Chaoshi Light Source is 300 million yuan to 350 million yuan. According to the announcement, the main assets of Chaoshi Light Source are the land use rights, the ownership of the above-ground buildings and their production equipment of Sunhe Xinhe (Shaoxing) Green Lighting Co., Ltd. Xinhe (Shaoxing) is mainly engaged in the production and sales of energy-saving lamps, LED lamps and their parts, components and accessories. It is the largest manufacturer of LED filament lamps in China.

NVC Lighting - On February 4, NVC Lighting Co., Ltd., a wholly-owned subsidiary of NVC Lighting, entered into an equity transfer agreement with the transfer party, Zhongzhonghe Investment Co., Ltd. on February 3, 2016, and will acquire Yao Neng Holdings. 75% of the company's equity. A subsidiary of Zhongshan NVC, the company holds a 50% stake in Zhongshan NVC, and the target company holds a series of international patents for new generation LED semiconductor technology and another 50% stake in Zhongshan NVC. The consideration for this acquisition is tentatively set at RMB 500 million.

Slightly counted a bit, the LED industry in the first half of 2016 turned out to be so wonderful! Although there are still many incidents that have not been summed up, but the glimpse of the leopard can be seen, although the growth rate of the whole industry slows down, as the industry reshuffles into the final stage, a large number of low-quality industry enterprises are eliminated, and the industry gradually enters benign Development track. As the pace of market integration and mergers accelerates, the capital shopping between enterprises will be further upgraded. It is expected that the industry pattern will be settled within two years.

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