According to the "China's roadmap for phasing out incandescent lamps", starting from October 1 this year, China will ban the import and sale of incandescent lamps for general lighting of 60 watts and above. From October 1, 2016, the import and sale of incandescent lamps of 15 watts or more will be banned. This basically means that the incandescent lamps will be completely suspended and banned, and the Chinese lighting industry will be fully transformed and upgraded. With the implementation of the national policy of eliminating incandescent lamps, the LED lighting market is starting. According to the agency's forecast, the global LED lighting output value will reach 35 to 40 billion US dollars in 2014. GF Securities said that the green lighting represented by LED has begun to penetrate the traditional market with its outstanding advantages, and has set off a new revolution in the field of lighting. According to McKinsey's forecast, by 2020, the global general lighting industry sales revenue will reach 82.505 billion euros, of which LED lighting products sales revenue will reach 56.928 billion euros, accounting for 69. The government has successively launched incentive policies; China will LED Lighting has been included in key areas and priority themes. As of 2012, a total of 4.175 billion yuan of financial funds have been allocated to support the development of the energy-saving and environmentally-friendly lighting industry. With the ban on the sale of incandescent lamps and the promotion of LED lighting in major countries and regions around the world, the lighting industry will usher in a turning point in development. China Merchants Securities believes that 14 years of LED lighting entered a large cycle, visibility is significantly better than last year. In terms of terminals, the market demand has become clearer since May. From the photos of Fo Zhao, Zhou Ming and some non-listed companies, we have learned that the enthusiasm of domestic and foreign terminal customers for stocking has been greatly improved, and we have begun to strive to achieve the goal of doubling the whole year. China Merchants Securities believes that Q3 year-on-year high growth is worth looking forward to, and will push the sector to restart. In addition, the trend of intelligent lighting is gradually clear, which will open up long-term space in the industry. We firmly push Sanan, Sunshine and Jufei, grasp the flexibility of Dehao and Zhouming, and pay attention to Hongli, Buddha, Huacan, Liard and so on.
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