Lighting industry will enter the integration period

Last year, the top 10 enterprises in the lighting and electrical industry earned a revenue of 13.743 billion yuan, a year-on-year increase of 19.71%, accounting for 12.15% of the lighting industry's revenue, down 0.45% from 2005; total profit was 929 million yuan, up 0.7 %, accounting for 20.35% of the total profit of the lighting electrical industry, down 4.35% compared with 2005. As can be seen from the above data, the concentration of the top 10 in the industry is declining, both in terms of sales revenue and total profit. Some experts believe that in 2007, the lighting industry has not been effectively integrated, and the domestic market is disorderly. One of the consequences is export dependence, and the industry's outward orientation remains high. The outward trend of the industry is slowly declining, which has a certain relationship with the implementation of the EU RoHS Directive. The implementation of the RoHS Directive has caused the export of enterprises with poor domestic technology to be blocked and to fight the domestic market. The domestic market has developed steadily. In recent years, the output of electric light sources and lamps has grown relatively flat, and the global lighting appliance manufacturing industry has rapidly shifted to the Chinese market. Among the top 10 listed companies in the lighting industry last year, Zhejiang Sunshine (600261) and Snowlight (002076) net profit increased by 34.76% and 40.6% respectively in 2006; Foshan Lighting (000541)'s main business grew by 1.3%. Relying on investment income, its net profit also increased by 8.15%. Among the three companies, Foshan Lighting and Zhejiang Sunshine have chosen strategies to integrate domestic markets with cost-effective products. Some experts predict that the concentration of “brands” in the domestic electric light source market will gradually increase in the future. The export of lighting electrical industry products has a certain periodicity, reaching a peak every year around September. At the beginning of the year and at the end of the year, exports are at a low point. Many export-oriented enterprises have turned their eyes to the domestic market during the trough. Some insiders believe that the advent of the 2008 Olympic Games is conducive to this high growth trend. In addition, the strong growth of the industry is also largely due to the active domestic real estate market during the same period. From 2001 to 2006, fixed investment in real estate maintained steady and rapid growth, with a compound annual growth rate of 17.3%. The good growth trend of real estate investment indicates that the domestic lighting industry has a clear growth prospect. The constraints continue to be analyzed by experts this year. In 2007, the lighting industry continued to continue its growth last year, and some factors restricting the development of the industry also existed. First, the price of copper, the main raw material, hit record highs. It reached its peak in May and June last year, and then fell back. Currently, copper prices are still consolidating at high levels. Since the beginning of 2006, tin prices have continued to rise, hitting record highs and are currently at historically high levels. The price of molybdenum wire has been stable since the sharp rise in early 2005. The price in 2006 has continued since 2005. Tungsten wire has risen rapidly in early 2006 and has stabilized since March. Only crude oil prices have a certain degree in the second half of 2006. The fall. Affected by the tight supply and demand of non-ferrous metals in the world, the price of non-ferrous metal materials used in lighting appliances is at a historically high level, and there is no sign of price easing. Due to the fierce competition in the domestic lighting electrical industry, it is difficult for electric light source manufacturers to completely pass on the rising cost of raw materials. Going out, this will weaken the industry's profits to some extent. In addition, due to the regulation of the real estate industry, there will be a certain impact on the demand for domestic lighting appliances in the short term. At the same time, the appreciation of the renminbi and international trade barriers may also affect the export of China's lighting industry.

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