Increased demand for LED lighting in China

　　With the way when countries gradually coming to ban incandescent bulbs , plus the recent rise in energy prices , while the LED bulb prices and rapid decline in the fourth quarter of 2013 have seen ( replaces 40W) Product price fell to less than $ 10 terminals , brand manufacturers replace 40W and 60W LED bulb factory price to $ 4.5 , respectively, have been pressed and $ 8 , the price hit a sweet spot , indoor LED lighting penetration rate is expected to rise significantly.

　　Based on relevant tenders and subsidy policy in 2014 continued the implementation of the regional markets , to enhance the penetration of LED lighting produces a great help , but , LED lighting with energy-saving light bulbs for general lighting , such as spreads have little environmental consciousness of consumers promote global tide appeared for lights , and there are many traditional lamp factory has the production line closed in 2014 LED bulbs, fluorescent tubes will have a high margin growth.

　　We believe that , despite the nature of the industry with the traditional attributes of LED lighting fixture industry is no difference , however , LED lighting also has semiconductor properties , has some of the characteristics of consumer electronics , LED lighting penetration rate as in 2013 to reach about 17% , we expect 2014 LED lighting penetration will rise significantly , we expect LED lighting penetration rate in 2014, 2015 has rapidly risen to 31 %, 47% , year on year volume growth of 91% , 59%, China in the next 2 years 1008,1650 one hundred million RMB output value of LED lighting , respectively, year on year growth of 81% , 63%.