November 17, 2024

Ruifeng Optoelectronics: LED backlight demand continues to be strong


Polaris Power Environmental News: Ruifeng Optoelectronics released the first three quarters of results forecast, revenue increased by more than 50, net profit increased by 20-40. In the third quarter, revenue increased by more than 100, net profit increased by 85-162. Low, the year-on-year growth rate is expected to rise further to nearly 50.
In the second half of the year, the LED backlight market continues to flourish. After the market conditions in the TV market deteriorated in the second half of last year, the trend of warming up the market this season is obvious. The price of LCD panels has risen steadily. The price of 42-inch panels has increased by nearly 10,8 million in 2008. , an increase of 18% over the same period, also set a record for single-month shipments since 2009. According to our industry chain research, LCD panel manufacturers are in strong demand from July to September, and the capacity utilization rate of backlight module factories is generally high. Stimulated by the domestic energy-saving TV subsidy policy, during the 11-day holiday period, domestic LCD TV sales reached 3 million units, a year-on-year increase of over 15, and it is estimated that TV manufacturers' inventory will be lowered from the 8 weeks before the festival to the current 4-5 weeks. Demand for display terminals is strong, and subsequent market conditions are expected to maintain a high level of prosperity.
On the other hand, the energy-saving TV subsidy started in June, the demand for LED backlights has risen sharply, and the rise of low-cost direct-lit type low-cost LED backlight solutions has also promoted the improvement of LED backlight penetration. At present, the domestic LED backlight penetration rate has increased to more than 80, TCL and so on has even approached 90.
The company's performance this year and next year will be better than the industry as a whole. LED market conditions in general this year: the display market is poor, the lighting sector policy stimulus has not yet begun to contribute to large-scale performance, the backlight is accompanied by large-size panel demand recovery and LED penetration rate continues exuberant.
We believe that the LED backlight market will also be good next year. On a global scale, the overall LED backlight penetration rate will increase to around 70 this year. There is still room for improvement. The demand for pellets has also increased. In addition, the demand for LED backlights by 4K high-definition panels recommended by Japanese manufacturers has also increased.
The company is one of the few companies in China that can package large-size backlight LED particles. At present, LED backlighting and lighting business are about half of each. The strength of the backlight market this year and next will make the company's performance trend significantly better than the overall level of the LED industry. The company is also one of the most promising companies in the LED field in the short term.

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