Jingdian estimates that LED lighting revenue will increase to 25% in 2011
Jingdian (2448) has become the most important LED chip supplier in the mainland LED lighting factory. It is benefited from the “Twelfth Five-Year Plan†in mainland China, which has listed the green energy industry such as LED as a key industry in the mainland to actively support the industry. In 2011, LED lighting related products will account for more than 25% of revenue.
China's mainland pushes energy-saving and carbon-reduction, LED street lights and LED lighting are pushed by the national policy. At present, the LED lighting era has been fully mobilized. In order to accelerate the LED lighting era, the mainland government will bid for LED lighting products for the first time in late November. The company's land-based enterprises mostly use the LED chips of Jingdian. The market estimates that by 2015, the mainland LED lighting business opportunity will be as high as RMB 500 billion, and Jingdian will become the biggest beneficiary of the mainland's central government to promote green lighting.
In addition, in the past two years, Jingdian has invested heavily in Taigu (3339) and Guangjia (8199), and gradually transferred LED backlight products to Taigu and Guanglu, and cooperated with international manufacturers and mainland LED factories to attack LED lighting. Huge business opportunities, in the first three quarters of 2010, LED lighting related products accounted for 20% of revenue. With the LED lighting application gradually taking off in 2011, Jingdian estimates that LED lighting related products will account for the proportion of revenue in 2011. More than 25% has gradually become another kinetic energy for the future operation of Jingdian.
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