Domestic LED driver IC market will face shuffling in the second half of the year
[High- tech LED reporter / Long Zonghui] On July 11, Silan Micro (600460, SZ) issued an announcement. It is estimated that the company's net profit attributable to listed companies from January to June 2013 was between 2552.5-63 million yuan. Compared with the same period last year, it will increase by 250%-300%. According to Silan Micro Announcement, the same period last year, the performance was about 10.21 million yuan.
The announcement said that the main reason for this round of performance growth was in the first half of 2013, driven by the growth of downstream LED lighting, smart terminals and other segments of the market, as well as the improvement of the European and American economies. The company is in power management IC (LED driver IC), separation device chip, power. The shipments of finished products and other products have increased significantly, which has led to a significant increase in the capacity utilization rate of Hangzhou Silan IC Co., Ltd., an important subsidiary of the company, and a significant improvement in the profitability of chip production lines and power device packaging lines.
However, Li Zhaohua, vice president of Mingwei Electronics, said that the domestic LED driver IC market is very good in the first five months of this year. It is expected that Mingwei's revenue growth in the first half of the year will exceed 200%. The current order is scheduled for September. But since June, there have been some unstable factors in the market. â€
Ye Jun, general manager of Saiwei Technology, also said, “The LED driver IC market in the first five months of this year is basically active, but after June, there has been relative cooling.â€
As for the reason why the LED driver IC market became weaker in June, Li Mingfeng, vice president of duty cycle in Shanghai, gave his opinion. He believes that 6.7 months is the off-season of LED driver ICs, but the market in the first few months of this year is very good, so Everyone thinks there is no off-season this year.
In recent years, the domestic LED driver IC market has risen rapidly, and the number of local LED driver IC companies has occupied half of the country. However, most of these companies are stuck in the low-end market. The huge LED driver IC capacity and the current LED industry scale are not matched.
Domestic LED driver IC manufacturers currently mostly market at a price. It is understood that the current average industry profit is only 30%, and the IC price for the Zhongshan market has dropped to about 20%. Even if a company publicly clades for robbing customers, I must be lower than you. Power plants seem to find their rules, and now the price is a few cents.
Different from the performance of domestic enterprises, the competition of major international companies such as TI, PI, and ON Semiconductor is mainly reflected in the high-end market, and they almost completely fight technology and services, so the gross profit is relatively stable. Power Integrations released its first quarter 2013 earnings, with net revenues of $77 million for the quarter, down 3% from the previous quarter but up 7% from the same period in 2012. According to the US GAAP, the gross profit in the first quarter was 51.7%, and the operating profit margin was 11.8%.
"Our sales have increased by more than 100%, but the gross profit margin has dropped a bit." Hu Liqiang, general manager of Jingfeng Mingyuan said. Li Qiang believes that LED driver IC manufacturers are mostly in the investment stage in the past few years, and now the capacity is beginning to be released, but the market can not accommodate so many IC companies, shuffling is certain.
Li Zhaohua believes that the quality of the LED market is uneven now, and the European and American markets continue to be weak, although the LED lighting situation has been good in the past few months. However, in the second half of the year, no one in the market can say that it is not good. There are certainly many LED-driven IC companies that have withdrawn because they cannot continue. Ye Jun also said that in the current situation, if the market is still the same in the second half of the year, the market will begin to reshuffle large areas.
The announcement said that the main reason for this round of performance growth was in the first half of 2013, driven by the growth of downstream LED lighting, smart terminals and other segments of the market, as well as the improvement of the European and American economies. The company is in power management IC (LED driver IC), separation device chip, power. The shipments of finished products and other products have increased significantly, which has led to a significant increase in the capacity utilization rate of Hangzhou Silan IC Co., Ltd., an important subsidiary of the company, and a significant improvement in the profitability of chip production lines and power device packaging lines.
However, Li Zhaohua, vice president of Mingwei Electronics, said that the domestic LED driver IC market is very good in the first five months of this year. It is expected that Mingwei's revenue growth in the first half of the year will exceed 200%. The current order is scheduled for September. But since June, there have been some unstable factors in the market. â€
Ye Jun, general manager of Saiwei Technology, also said, “The LED driver IC market in the first five months of this year is basically active, but after June, there has been relative cooling.â€
As for the reason why the LED driver IC market became weaker in June, Li Mingfeng, vice president of duty cycle in Shanghai, gave his opinion. He believes that 6.7 months is the off-season of LED driver ICs, but the market in the first few months of this year is very good, so Everyone thinks there is no off-season this year.
In recent years, the domestic LED driver IC market has risen rapidly, and the number of local LED driver IC companies has occupied half of the country. However, most of these companies are stuck in the low-end market. The huge LED driver IC capacity and the current LED industry scale are not matched.
Domestic LED driver IC manufacturers currently mostly market at a price. It is understood that the current average industry profit is only 30%, and the IC price for the Zhongshan market has dropped to about 20%. Even if a company publicly clades for robbing customers, I must be lower than you. Power plants seem to find their rules, and now the price is a few cents.
Different from the performance of domestic enterprises, the competition of major international companies such as TI, PI, and ON Semiconductor is mainly reflected in the high-end market, and they almost completely fight technology and services, so the gross profit is relatively stable. Power Integrations released its first quarter 2013 earnings, with net revenues of $77 million for the quarter, down 3% from the previous quarter but up 7% from the same period in 2012. According to the US GAAP, the gross profit in the first quarter was 51.7%, and the operating profit margin was 11.8%.
"Our sales have increased by more than 100%, but the gross profit margin has dropped a bit." Hu Liqiang, general manager of Jingfeng Mingyuan said. Li Qiang believes that LED driver IC manufacturers are mostly in the investment stage in the past few years, and now the capacity is beginning to be released, but the market can not accommodate so many IC companies, shuffling is certain.
Li Zhaohua believes that the quality of the LED market is uneven now, and the European and American markets continue to be weak, although the LED lighting situation has been good in the past few months. However, in the second half of the year, no one in the market can say that it is not good. There are certainly many LED-driven IC companies that have withdrawn because they cannot continue. Ye Jun also said that in the current situation, if the market is still the same in the second half of the year, the market will begin to reshuffle large areas.
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