On the eve of the era of LED general lighting, a wave of mergers and acquisitions is surging in the LED lighting industry in China. "Next, NVC will meet the needs of the domestic and international LED lighting market through industry mergers and acquisitions." On the 12th, NVC, Chairman of NVC Lighting (02222.HK) revealed to the "First Financial Daily" that the current NVC lighting It is looking for domestic and foreign companies with core technologies, certain channels, or complementary products with NVC Lighting to enrich NVC lighting LED products. " NVC Lighting has formed strategic partnerships with Keyu and Taiwan Jingdian LED giants. The global LED lighting market has reached a critical point of breakthrough, because product prices have been relatively reasonable, and product technology and quality have matured." The Yangtze River said. In fact, Zhen Mingli (01868.HK) and Sunshine Lighting (600261.SH) have already taken the lead in launching the overseas LED lighting market by means of mergers and acquisitions. On January 25, Zhen Mingli announced that it had acquired US HCI for US$17 million. According to the announcement, HCI is a designer, manufacturer and distributor of commercial professional LED lighting products with a wide range of architectural and distributor channel resources worldwide. Prior to this, Zhen Mingli also acquired two leading LED lighting market companies in North America, Ilio International and American Lighting. While Sunshine Lighting won 50% of Hangzhou Hanguang Lighting at a price of 13.5 million yuan, it also held a 30.188% stake in Japan's LIREN Company at a price of 1,237,600 yuan. Fan Minghong, president of Zhen Mingli, said that the merger will strengthen the sales force of Zhen Mingli LED lighting and lighting products in the United States and Canada. Sunlight said that Japan's LIREN has rich R&D experience in LED lighting products. Through cooperation between the two parties, the manufacturing level of solar lighting LED light source will reach the same level of high-level manufacturers in Japan or internationally. “Dehao Runda will also launch some strategic mergers and acquisitions in China.†Wang Donglei, Chairman of Dehao Runda (002005.SZ), told reporters that according to the current development progress of the domestic LED industry, and domestic MOCVD equipment (LED chip production equipment) As for the arrival and production progress, the LED light source may drop to US$1 per watt by the end of this year, and this price is only 1.2~1.5 times of the current price of energy-saving lamps. “When the price difference between LED products and energy-saving lamps is only 1.2. At the rate, the LED lighting market will suddenly expand. It is estimated that the replacement rate of China's energy-saving lamps will reach 10%, and the replacement rate in Europe and the United States will reach 50%." Wang Donglei also revealed that by the end of this year, Dehao Runda will have 50 MOCVD The equipment is put into production. And Wang Donglei's statement seems to explain the merger behavior of Zhen Mingli and Sunshine Lighting. In the eve of the LED lighting era, the LED lighting market may suddenly be magnified. “Everyone expects to use acquisitions to make up for their shortcomings in the industry and channels.†Zhang Xiaofei, CEO of Gaogong LED, pointed out that traditional lighting manufacturers represented by NVC Lighting are still lacking in LED lighting research and development and core technologies. The LED vertical integration enterprise represented by Zhen Mingli is naturally lacking in overseas channels and brands. “M&A is undoubtedly the best means to quickly enter and rush to the LED lighting market.†While wearing the LED concept, the acquisition behavior is also Easy to get support from the capital market. Based on this, the LED lighting industry has been shrouded in the atmosphere of “big fish eat small fishâ€. "Because lighting companies want to use the transformation of LED lighting, they will quickly become stronger and bigger, and change the pattern of the traditional lighting market in the past." Zhang Xiaofei said. At present, there are more than 10,000 lighting companies in mainland China, and the top three sales including NVC Lighting and Philips account for only 2.5% of the total sales of lighting products in the Mainland. It is difficult to market in general energy-saving lighting products. The upper and lower levels are divided, and the future competition focuses on LED lighting.
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Gouge: the cutting edge is semicircular, mainly used for opening circular or elliptical holes;
U type chisel: the cutting edge is U-shaped, which is rare now, mainly used for carving and repair;
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