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Exports of LED lighting products soared under the severe impact of the new crown pneumonia epidemic

In 2021, under the severe impact of the new crown pneumonia epidemic on the global market and the increasingly complex external environment, the domestic LED lighting industry once showed strong resilience and growth potential, and the annual export volume increased by 33.33% year-on-year. The industry also encountered a short-term "stall", but the survey found that the current domestic LED lighting export situation is changing from the first quarter's decline and returning to the growth trend.

According to the data of China Lighting Association, the total export value of the whole industry in 2021 is US$65.470 billion, a year-on-year increase of 24.50%, of which the export value of LED lighting products is US$47.445 billion, a year-on-year increase of 33.33%. The export value has been refreshed again after 2020. The historical record of lighting industry exports.

The recovery of overseas markets has also driven the performance of listed companies in the LED lighting industry to boom in 2021.

Judging from last year's annual report, a total of 32 LED lighting companies achieved revenue growth, accounting for 82% of the total. The top five companies in operating revenue The amounts were 18.615 billion yuan, 12.385 billion yuan, 8.847 billion yuan, 7.909 billion yuan, and 7.767 billion yuan respectively; in terms of net profit growth, the top three companies with increases were  with an increase of 362.43%, 284.10%, 278.70%.

Secretary of the board of directors of an LED company: In 2021, our revenue will be 18.6 billion yuan, the net profit will be 1.16 billion yuan, and the operating cash flow will be 4 billion yuan, of which the contribution of overseas income exceeds 10 billion yuan, accounting for more than 60%. (Last year) both gross and net margins were all-time highs.

Vice president of an LED company: (Last year) our overseas performance also increased by more than 50%, of which lighting performance increased by 40%, m

ainly due to the recovery of overseas markets.

Entering 2022, due to the impact of repeated domestic epidemics on the production and material supply of enterprises at the beginning of the year, domestic LED lighting exports in the first quarter suffered a brief "stall". However, since April, the LED lighting export industry has also gradually recovered. According to customs data, the national export value of lamps, lighting devices and their parts in April was 23.46 billion yuan, a year-on-year increase of 7.81% compared with 21.76 billion yuan in April 2021.

Vice president of an LED company: The entire supply chain has fully returned to normal, which is beneficial to the recovery of production capacity and the development of the entire industry. Overseas, after returning to normal, it took the lead in building Internet celebrities (check-in landmarks), people flow (diversion), commerce (value), and consumption (new models). The whole world is such a model. Therefore, our overseas orders in April still grew very fast.

According to industry insiders, LED lighting products will use light-emitting chips and driver chips. The prices of these two types of chips have begun to fall this year. In addition, the shipping prices that remained high last year are also falling all the way. This efficiency increase provides favorable conditions.

Secretary of the board of directors of an LED company: For example, the price of light-emitting chips has dropped by about 2

0% to 30% year-on-year. The price drop of driver chips may be even larger, perhaps around 40%. In terms of freight, because our current main markets are in Europe and the United States, our freight is mainly freight by sea, and the decline in freight is also 20% to 30%. The fall in the price of upstream chips and the fall in the price of shipping freight has a good impact on the cost reduction and efficiency increase of enterprises.