China Securities Network announced that on July 24, Qinshang Optoelectronics participated in the Maoming City LED street lamp energy-saving renovation service procurement project public bidding to win the bid. Qinshang and Guangdong Bega Energy Saving Services Co., Ltd. (referred to as “Bega Energy Savingâ€) are the only successful bidders for the above bidding projects. The total amount of bids for this project is 46.2 million yuan, involving about 10595 æ”¹é€ LED street lights, and the skill-utility sharing period is 84 months from the date of acceptance of the project.
According to China Securities Network, downstream demand is tight and the industry is picking up. Since the beginning of this year, the LED market has begun to improve, especially in the second quarter, demand growth has been strong, and the production capacity of various manufacturers has generally tightened, and the demand for products is in short supply. In the face of the industry demand for obvious recovery, LED manufacturers have recently increased their capital and expanded production. Ruifeng Optoelectronics and Sanan Optoelectronics have successively proposed or have begun to expand production plans, and downstream orders have continued to grow.
LED lighting will not be light after the off-season in May and June, and the second half will usher in the peak season. Coupled with the low base of the overall industry last year, CSI expects that the LED industry will achieve significant growth in the second half of the year. From the perspective of the life cycle of consumer electronics, the penetration rate of new products has increased the fastest from 10% to 60%. At present, the penetration rate of LED lighting is around 10%, which is about to enter the stage of rapid improvement.
Diligence has continued to win the bid in the near future and is expected to become the norm in the future. At the beginning of July, the company issued a notice to win the bid for Qingyuan Urban Lighting Improvement Service Procurement Project. The project amount is about 19.5496 million yuan. After 20 days, the company won the bid for the Maoming project again. Continued bidding will help further enhance the company's market share in the LED lighting sector in Guangdong Province, and strengthen the company's brand influence and leading position in the industry. With the gradual deepening of the energy-saving lighting policy, the municipal energy-saving lighting renovation project will continue to advance in the future. As a leading LED lighting driver in Guangdong, it is expected that the winning bid will become the norm in future government lighting projects.
Taking into account the advantages of Qinshang Optoelectronics Technology, R&D and customer, coupled with the continued high demand in the downstream of the industry, CSI expects that the performance of Qinshang Optoelectronics will continue to grow significantly. For the first time, CSI.com gave the company an “overweight†investment rating.
According to China Securities Network, downstream demand is tight and the industry is picking up. Since the beginning of this year, the LED market has begun to improve, especially in the second quarter, demand growth has been strong, and the production capacity of various manufacturers has generally tightened, and the demand for products is in short supply. In the face of the industry demand for obvious recovery, LED manufacturers have recently increased their capital and expanded production. Ruifeng Optoelectronics and Sanan Optoelectronics have successively proposed or have begun to expand production plans, and downstream orders have continued to grow.
LED lighting will not be light after the off-season in May and June, and the second half will usher in the peak season. Coupled with the low base of the overall industry last year, CSI expects that the LED industry will achieve significant growth in the second half of the year. From the perspective of the life cycle of consumer electronics, the penetration rate of new products has increased the fastest from 10% to 60%. At present, the penetration rate of LED lighting is around 10%, which is about to enter the stage of rapid improvement.
Diligence has continued to win the bid in the near future and is expected to become the norm in the future. At the beginning of July, the company issued a notice to win the bid for Qingyuan Urban Lighting Improvement Service Procurement Project. The project amount is about 19.5496 million yuan. After 20 days, the company won the bid for the Maoming project again. Continued bidding will help further enhance the company's market share in the LED lighting sector in Guangdong Province, and strengthen the company's brand influence and leading position in the industry. With the gradual deepening of the energy-saving lighting policy, the municipal energy-saving lighting renovation project will continue to advance in the future. As a leading LED lighting driver in Guangdong, it is expected that the winning bid will become the norm in future government lighting projects.
Taking into account the advantages of Qinshang Optoelectronics Technology, R&D and customer, coupled with the continued high demand in the downstream of the industry, CSI expects that the performance of Qinshang Optoelectronics will continue to grow significantly. For the first time, CSI.com gave the company an “overweight†investment rating.
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