In 2021, under the severe impact of the new crown pneumonia epidemic on the global market and the increasingly complex external environment, the domestic LED lighting industry once showed strong resilience and growth potential, and the annual export volume increased by 33.33% year-on-year. The industry also encountered a short-term "stall", but the reporter found that the current domestic LED lighting export situation is changing from the first quarter's decline and returning to the growth trend.
According to the data of China Lighting Association, the total export value of the whole industry in 2021 is US$65.470 billion, a year-on-year increase of 24.50%, of which the export value of LED lighting products is US$47.445 billion, a year-on-year increase of 33.33%. The export value has been refreshed again after 2020. The historical record of lighting industry exports.
The recovery of overseas markets has also driven the performance of listed companies in the LED lighting industry to boom in 2021.
Judging from last year's annual report, a total of 32 LED lighting companies achieved revenue growth, accounting for 82% of the total. The top five companies in operating revenue were Mulinsen, Bull Group, Op Lighting, Xingyu Shares, Guangri Shares, revenue. The amounts were 18.615 billion yuan, 12.385 billion yuan, 8.847 billion yuan, 7.909 billion yuan, and 7.767 billion yuan respectively; in terms of net profit growth, the top three companies with increases were Tailong, Mulinsen and Igor, with an increase of 362.43%, 284.10%, 278.70%.
Industry insiders told reporters that LED lighting products will use light-emitting chips and driver chips. The prices of these two types of chips have begun to fall this year. In addition, the shipping price that was high last year is also falling all the way. Cost reduction and efficiency increase provide favorable conditions.
Xiao Yansong, secretary of the board of directors of an LED company: For example, the price of light-emitting chips has dropped by about 20% to 30% year-on-year. The price drop of driver chips may be even larger, perhaps around 40%. In terms of freight, because our current main markets are in Europe and the United States, our freight is mainly freight by sea, and the decline in freight is also 20% to 30%. The fall in the price of upstream chips and the fall in the price of shipping freight has a good impact on the cost reduction and efficiency increase of enterprises.
