LED lighting enters high boom cycle
According to the statistics of the "Securities Daily" Market Research Center, as of yesterday, a total of 44 companies in the electronics industry announced the 2014 first quarter results forecast, 26 companies reported a pre-happy performance in the first quarter, pre-history the number of companies accounted for the total number of companies in the industry 19.85%. Specifically, among the 26 companies that reported their performance in the first quarter of 2014, eight companies reported a pre-annual increase in performance.
LED lighting penetration rate will accelerate. It is expected that the LED lighting penetration rate will increase from 10% to 50% from 2014 to 2016, driving the LED lighting industry chain into a high boom cycle. Based on the unexpected forecast of Taiwan's February revenue and customs export data, as well as recent research on domestic LED listed companies and overseas leaders, we believe that the visibility of LED industry in 2014 is significantly better than last year. Driven by factors such as restocking and strong branding by brand manufacturers in March, the LED industry will continue to improve.
Recently, Sanan Optoelectronics has released a number of large domestic orders such as Jufei, Anxin Energy and Nanrui, indicating that the current industry is in a high degree of prosperity and chip localization. Looking into the future, we believe that under the combined effect of technological advancement, cost reduction, policy subsidies and promotion of large factories, LED lighting will exceed expectations. The overall trend of the industry is improving.
Apple new effect fermentation
The overall performance of the Apple industry chain in the early stage was not good. Compared with the forecast of iPhone shipments in the first and second quarters, it was more than expected. We judged that the shipments in the first quarter were about 35 million units, and the second quarter continued to decline, mainly due to the transition of new and old products. The decline in the share price of A-share companies with a higher proportion of Apple business and a higher share has reflected this expectation. With the digest of the performance of the quarterly report, and the iPhone6 ​​and iWatch supply chains released in September and October, the goods will be pulled in June, and the theme market in the second half of the year can be expected.
In addition, with the support of Apple, the accelerated rise of the mainland supply chain is a general trend. The ultra-thin tablet notebooks that are expected to be released in the first half of the year will have more new supply chains in the mainland, and the Microsoft version of the iPad Office is also the victory of the Apple platform. In 2014, Apple will bring innovation to more component companies. We can see from recent patents, including sapphire, wireless charging, liquid metal, 3D printing, and battery-wound. In the future, there will be a large number of mainland manufacturers with new product introductions and a large increase in share, especially new entrants participating in Apple's new product innovations, such as Lixun Precision, which belongs to such companies. In addition, the main manufacturers are Goer Acoustics and Desai Battery.
Sapphire use trend
The use of sapphire in Moto360 smart watches has undoubtedly increased confidence in the industry chain, and the use of sapphire in wearable devices will become a trend. We further confirmed the optimistic expectations of Sapphire from the GTAdvanced Technologies (GTAT) annual report and conference call. The company's new product launch further emphasized the efficiency of Hyperion's 4th generation ion implanter in sapphire sheet processing.
We have pointed out in the early stage that the market size of sapphire cutting equipment is significantly higher than expected due to the high processing complexity of iWatch, and that Han's laser has a high probability of getting orders for small-size iPhone cover equipment, thus cutting into the iWatch supply system. After confirming the industry chain, Apple's probability of using sapphire cover plates in iWatch and some high-end versions of the iPhone this year is greatly enhanced. The Han's laser sapphire laser cutting equipment is expected to fully benefit, and the new business will open up the growth space from 2014 to 2016 and regain its leap. In addition, the major manufacturers of the sapphire industry chain include Tiantong, Dongjing Electronics, Jingsheng Electromechanical, and Jinfu New Materials.
Smart cars are unstoppable
We believe that the general trend of the car becoming the next killer smart terminal is irresistible. Whether it is the dispute of smart platform such as Tesla, Apple, Google, Microsoft, QNX, or the change of power system, it will give the electronic supply chain Come to a big chance. Intelligentization will bring incremental demand to chips (IGBT, MCU, analog, wireless, etc.), sensors (camera, inertia, temperature and humidity, micro-acoustic, etc.), connectors, touch screens, displays, etc., while power system changes Potential kinetic energy for hydrogen fuels, lithium batteries, supercapacitors, high voltage and high current chips.
For example, it has cut into many German and Japanese first-line automobile supply systems and is already the connector leader of Apple's main supplier, Lixun Precision. Its precision parts are expected to be supplied in bulk in the whole series of BMW, Audi and other models in the second half of the year. Other companies that have existing or potential layout of the automotive business include Farah Electronics, Tongfeng Electronics and Jianghai, the battery industry, Desai Battery and Xinwangda in the battery industry, and Leybeck High-Tech and Changxin Technology in the touch screen. In terms of deep horses, connectors, and electronic electronics, Goer Acoustics and Edifiers for car audio, ultrasonic electronics for PCBs, etc.
Security industry value is highlighted
The previous Malaysia Airlines and Kunming incidents continued to raise public awareness of personal safety, and safety security rose to the national strategic level, which also brought a better policy environment to the security industry. Benefiting from the smart city landing, export and civilian HD market, this year's security sector will be better than last year, leading companies will continue to usher in a share of high growth or no worries.
For example, Hikvision's new Internet business layout will open up the market value and valuation bottleneck, and Dahua's recent equity incentives have also been made. In addition, such as the pre-announcement and Qihoo 360's establishment of the "Qihu Net Power" joint venture's Oriental Netpower, as well as the layout of smart cities, parking meters and community business, Anjubao is also expanding the security field.
Stamping Part,Stamping Enclosure,Stamping Steel Enclosure,Stamping Matal Parts
Dongguan Formal Precision Metal Parts Co,. Ltd , https://www.formalmetal.com