The poor economy has led to the development of led new applications, and promoted the performance of stocks. As of now, the LED factories that have announced their revenues in June have all achieved record highs. Among them, Huaxing Electronics has a monthly growth rate of 22.38%, the most outstanding performance.
LED factories announced their revenues in June, and Huaxing, Dongbei, Yiquan, Qihong and Longda all continued to create new monthly highs.
The economy is not good, consumer products are developing in M-type, and the consumption power at the top of the pyramid is still strong. In order to attack high-end consumer groups, the world's major brand factories are rushing to launch LED TV, which will drive the LED industry to flourish.
The development of LED lighting has the same effect as TV. Although the economy is not good, manufacturers are actively introducing new LED lighting equipment to develop new markets.
The alternating generations of backlights and lighting have brought unprecedented business opportunities to the LED industry, and have also become a major factor driving the "flying" growth of LED operators this year.
Among them, "the fastest" is Dongbei Optoelectronics, which took the lead in the past three years ago.
Dongbei's revenue in June was 737 million, hitting a new monthly high for four consecutive months and growing at multiples for six consecutive months; cumulative second quarter revenue of 2.04 billion, quarterly growth of 69%, third quarterly increase 2 to 30%.
Dongbei accumulated revenue of 3.25 billion yuan in the first half of the year, an annual growth of 118%; the three major product lines increased simultaneously, and the order visibility was high. It is estimated that the second half of the year will grow by 60% compared with the first half of the year.
Dongbei said that revenue in the first half of the year has reached 81% of the full year of 2009, and it is estimated that Q3 will surpass last year's performance. With the Q3 entering the backlight season, coupled with the rapid growth of LED lighting application market demand, as well as the European and American LED automotive application market, the market for LED industry is expected to continue.
Huaxing's revenue in June was 164 million yuan, up 39.26% from the same period last year of 117 million yuan, an increase of 22.38% from the historical high of 134 million yuan last month. With the opening of new production capacity, Huaxing's peak season effect in the second half of the year can be expected.
In June, Luhongâ€™s revenue was 530 million yuan, with an annual growth rate of 69.66%. The revenue for the first half of the year was 2.55 billion yuan, with an annual growth rate of 52%. The revenue for the first half of the year reached 60% of last year's revenue. Qi Hong pointed out that the current order visibility is about 1 to 2 months, which coincides with the traditional peak season in the third quarter, and the third quarter revenue is expected to continue to grow.
Yiquan Precision also benefited from the continued growth of the industry. Together with the new capacity, the consolidated revenue in June exceeded 600 million for the first time, reaching 605 million yuan, and hit a record high for three consecutive months.
LED stocks continued to strengthen today. Huaxing clipped its performance and jumped to the daily limit in the early session. The daily limit was 25.25 yuan per share. Dingyuan's gains also exceeded 5.5%, and multiple stocks rose by 2%. The stocks performed relatively strong.
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