Entering 2011, the domestic LED industry began to show signs of a mid-stream investment boom. In particular, the focus of the capital market has shifted from the upstream of last year to the middle and lower reaches.
Recently, Jinshajiang Venture Capital Fund has invested nearly 200 million US dollars in LED R&D and manufacturing bases in Wujin High-tech Industrial Development Zone.
In addition to the expansion project of Jingneng Optoelectronics, another downstream application vendor has received much attention. Sunsun Light Co., Ltd. is located in Nanjing City. The Jinshajiang Venture Capital Fund will invest in it and set up a R&D and manufacturing base in Wujin High-tech Zone with a total investment of USD 100 million. It is mainly engaged in the development of LED bulbs, backlight modules and display systems. Among them, the registered capital of the first phase is not less than 35 million US dollars. It is estimated that the sales income will reach 2 billion yuan by 2013, and the project will be listed overseas before 2014.
Zhang Gao, chairman of Shanghai Dingfeng Asset Management Co., Ltd. told reporters that the upstream of LED is a chip, and the middle and lower reaches are packaging and terminal applications. Last year, the upstream speculation was very strong. Now the upstream production capacity is very fast, and the chip price will show a downward trend in the next few years. The packaging and application of the middle and lower reaches are now developing rapidly. He believes that the industry's annual compound growth rate of China's middle and lower reaches of LED industry can reach more than 30% in the future, and the industry structure has not yet fully formed.
Recently, Jinshajiang Venture Capital Fund has invested nearly 200 million US dollars in LED R&D and manufacturing bases in Wujin High-tech Industrial Development Zone.
In addition to the expansion project of Jingneng Optoelectronics, another downstream application vendor has received much attention. Sunsun Light Co., Ltd. is located in Nanjing City. The Jinshajiang Venture Capital Fund will invest in it and set up a R&D and manufacturing base in Wujin High-tech Zone with a total investment of USD 100 million. It is mainly engaged in the development of LED bulbs, backlight modules and display systems. Among them, the registered capital of the first phase is not less than 35 million US dollars. It is estimated that the sales income will reach 2 billion yuan by 2013, and the project will be listed overseas before 2014.
Zhang Gao, chairman of Shanghai Dingfeng Asset Management Co., Ltd. told reporters that the upstream of LED is a chip, and the middle and lower reaches are packaging and terminal applications. Last year, the upstream speculation was very strong. Now the upstream production capacity is very fast, and the chip price will show a downward trend in the next few years. The packaging and application of the middle and lower reaches are now developing rapidly. He believes that the industry's annual compound growth rate of China's middle and lower reaches of LED industry can reach more than 30% in the future, and the industry structure has not yet fully formed.
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