Huatai Securities believes that global LED lighting has grown steadily and China's LED lighting exports have increased in size. At present, LED lighting replaces traditional lighting sources and lamps speeds up. In 2015, the global LED lighting market reached 29.9 billion US dollars, with a penetration rate of 27.20%. It is estimated that by 2020, the annual average growth rate of global LED lighting will reach 20.36%; “One Belt and One Road†Bringing new opportunities to China's LED industry upgrade and transformation. In 2015, China's LED lighting export “One Belt, One Road†market was about 10 billion US dollars, up 43% year-on-year, accounting for 38% of the country's LED lighting products.
Foshan Lighting keeps pace with the LED industry and actively transforms LED lighting
In 2014, Foshan Lighting LED sales revenue increased from 277 million yuan in 2013 to 926 million yuan in 2014, an increase of 233.99%, and LEDs accounted for 30.17% of the entire product system. In the future, with the further deepening of the company's transformation and upgrading work, the proportion of LED products will become larger and larger, and the company will continue to develop through continuous transformation and upgrading and self-innovation.
Strengthen channel innovation and basically solve litigation problems
In 2015, Foshan Lighting has 3,000 outlets in China, and signed a 613 million yuan product order contract with the advantage of channels. In 2016, we will continue to increase investment in materials, advertising, etc., and seize the channel market such as engineering and home improvement. As of the end of 2015, the company's compensation for the lawsuit has been basically completed, and will not have a material impact on 2016 and future results.
Broaden the way, integrate industrial resources, and enlarge and strengthen the LED industry
Guangsheng entered the National Star Optoelectronics in September 2014 and integrated the upstream chip and packaging fields. On December 4, 2015, it directly and indirectly held 23.144% equity of Foshan Lighting (cost is about 15.3 yuan/share), and arranged LED lighting; Guangsheng Group has rich experience in capital operation, which is conducive to the development of brand, channel and technology through the merger and acquisition of Fozhao. Personnel adjustment is the first step in the company's change. At present, the company's new management (the chairman and chief financial officer) has taken on a new position.
International rivals gradually withdraw, and overseas merger opportunities appear
The international lighting market is fiercely competitive. Major manufacturers such as OSRAM and Philips have plans to divest their lighting business. In the future, the manufacturing of lighting products is likely to be transferred to China, and brands may be acquired by Chinese companies. Therefore, Huatai Securities considers Chinese capital and industry. The platform is likely to conduct overseas mergers and acquisitions, and it is believed that Foshan Lighting will also participate.
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S/N
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Project
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General Parameter
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1
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Number of series
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15S
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2
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Rated voltage
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48V
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3
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End of discharge voltage
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40V
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4
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Charging voltage
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Recommend 51V (50.5V – 51.5V) for floating charge
Recommend 54V (53.5V – 54.5V) for equation charge |
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5
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Continuous charge and discharge curren
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≤100A
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6
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Internal resistance (battery pack)
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≤100mΩ
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7
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Self-discharge rate
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≤2%/month
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8
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range of working temperature
(≤95%R.H.) |
0~65℃ charge
-20~65℃ discharge |
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9
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Storage temperature range(≤95%R.H.)
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-40~70℃
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10
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Positive and negative lead way
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Fence Terminal 2P*2
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11
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Display screen
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LED display, four physical buttons
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12
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Protective function
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Overcharge, over discharge, short circuit, overload, over temperature, etc.
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13
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certificate
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MSDS,ISO9001,CE,UN38.3,ROSH
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LIFEPO4 Battery For Home Energy Storage
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