LED lighting will grow explosively next year


LED's third-quarter results are under pressure, and next year's lighting or bursting growth. As the price of LED lamps declines, we expect 2014 to be a true year for LED lighting. The compound growth rate in the next three years is expected to reach 50. The industry performance in the third quarter is less than expected, which may constitute a good configuration point in the fourth quarter.
The recovery situation of the photovoltaic industry is determined. The photovoltaic industry has shown a gradual recovery under the strong support of national policies. The national policy is mainly based on the six aspects of the photovoltaic industry to make specific guidance on all aspects of the industry. Overall, the biggest driver of the PV industry's recovery comes from the expected guidance of subsidy policies and the installed capacity of PV plans.
1) The installed capacity before 2015 is 35GW, and as of August 2013, China's installed capacity is 8.9GW, and the installed capacity in the next two years is considerable. The worry about whether to achieve the installed capacity of this plan is eliminated. The introduction of the photovoltaic subsidy policy (see the domestic PV policy in the article) makes the internal rate of return of the enterprise construction power station rise from the previous 8 to 10. On September 30, the government issued a document to reduce the tax on the operating terminal of the photovoltaic power station 50, which is the internal income. The rate has further increased to above 12. With such high internal rate of return and government's positive return to financing for the photovoltaic industry, PV operators are expected to gain high returns through increased leverage.
2) The grid-connected problem in the photovoltaic industry is now being implemented, which has solved a major factor limiting PV installation, which is expected to push the PV industry into a new round of rapid growth.
3) The price of photovoltaic products will show a gradual decline in the long-term. In the future, the price level of photovoltaic emission is getting closer and closer. Under this round of favorable policies, some excellent enterprises are expected to gradually step out of the cyclical regulation of government subsidies. We believe that an industry can form its own cyclical fluctuations under the condition that government subsidies do not constitute the biggest profit influence factor. At least from now on, the recovery of the photovoltaic industry is still driven by policies. We expect that after this round of policy stimulus, the promotion of photovoltaic technology will enable the industry to enter its own cycle. This time is expected to be achieved in 2015, and the cycle will be on the rise before 2015, and enter the industry's own cycle after 2015. 4) We still insist that the most certain sub-sector of this year is distributed photovoltaic power generation. It is expected that distributed photovoltaic power generation will usher in the peak of development in 2013. Recommended photovoltaic monocrystalline silicon module manufacturers Zhonghuan, Mann, and monocrystalline silicon equipment Manufacturer Jingsheng Electromechanical, and photovoltaic power plant builder Zhongli Technology.

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