Grasp new opportunities for plant lighting and rapidly expand production capacity
In 2020, the new crown virus epidemic will sweep the world, but the LED lighting and supporting LED drive power industry where Songsheng shares are still growing against the trend. According to the statistics of the China Lighting Association, the total export value of China's lighting industry in 2020 was 52.588 billion U.S. dollars, breaking through 50 billion U.S. dollars for the first time, an increase of 15.7% year-on-year. Among them, the cumulative export value of LED lighting products for the whole year was 35.594 billion U.S. dollars, year-on-year. An increase of 17.9%, both set a record for the largest increase since 2016.
In emerging markets, the performance of LED plant lighting is particularly eye-catching. Because plant lighting is in a special environment, it is not restricted by seasons, space and other factors, relying on the advantages of increasing crop growth speed, saving energy and saving water resources. This year 2020 ushered in explosive growth. According to public information, LED plant lighting has become one of the fastest growing lighting applications in 2020. The export of plant lighting in the first three quarters has increased by more than 5 times year-on-year. It is estimated that by 2021, the global LED plant lighting system market will exceed US$2 billion.
Plant lighting represents one of the important development directions of agricultural science and technology in the future, and has received strong support from the agricultural sector. In the future, it will burst out with stronger technology and market potential, and the market prospects are broad. Relying on its own technology and product advantages, Songsheng has carried out a forward-looking R&D layout and market expansion for new power products in the field of plant lighting as early as 2018, and grandly launched related series of products in 2019, and finally in 2020 When the plant lighting ushered in the golden development opportunity, it quickly seized the market opportunity and realized the sales breakthrough of the company's plant lighting power products. In 2020, Songsheng Co., Ltd. will realize a total sales income of about 80 million RMB from related products in the field of plant lighting applications. In the future, the company will continue to make efforts in the field of plant lighting, and the plant lighting power supply is expected to become a key star series product that promotes the company's continuous take-off.
In order to meet the continuous and rapid growth of market demand, Songsheng once again expanded a 10,000 square meter factory building, added a number of highly automated production lines, introduced more advanced production equipment, and further improved the level of production automation and product technology. At the same time, in the production and supply management, the company has fully applied the operating technologies of SAP, MES and other information-based intelligent manufacturing management systems to the new production line, which has greatly increased the company's capacity utilization rate.