Securities Times Network July 28th Who is inciting * Xintai? On the morning of July 27th, it was a difficult day for tens of thousands of individual investors holding *Xintai. Due to fraudulent issuance, it was determined that “Xingtai†will have fallen for the 11 consecutive trading days since the resumption of trading. In order to recover the losses as much as possible, the investors who bought *Xintai earlier have gotten up the list day after day, hoping to become the lucky ones to be picked up on the same day. However, this day seems to be different. In the early trading session of the Shenzhen Stock Exchange, * Xintai's purchase orders at the price limit of the daily limit quickly accumulated. At 9:30, * Xintai released the volume, instantly opened the limit and pulled straight up. After 2 minutes and 52 seconds, *Xintai hit the daily limit under the eyes of the public. After a brief opening, it closed the daily limit and kept it until the close. The Shenzhen Stock Exchange repeatedly reminded that *Xintai will "return to the end" and cannot resume listing or re-listing. The company itself also announced that the current production and operation are difficult and the funds are tight, and it is unable to fulfill the share repurchase commitment. In this context, yesterday, around Xintai's 227 million yuan turnover, 57.37% change hands, is undoubtedly a naked capital game. Perhaps everyone in the game who is a counterparty is confident in the moment of the deal. However, when the game finally ended, who is paying for it? Big funds 23 seconds to adjust the daily limit The information disclosed by the Shenzhen Stock Exchange showed that *Xintai opened at a price of 4.11 yuan yesterday, with a turnover of 16.899.8 million shares. After the opening, it rose rapidly. At 9:32:52, it reached a daily price of 5.03 yuan, and closed at the price limit. The turnover of the whole day was 51,843,300 shares, the turnover was 227,427,900 yuan, and the turnover rate was 57.37%. According to account statistics, there were 7372 accounts bought in the stock yesterday, of which only 2 institutional accounts, others are individual investors. The total number of personal accounts purchased was 49,229,400 shares, accounting for 94.96% of the total purchases, of which the oversized households bought 2,770,500 shares, accounting for 53.57% of the total purchases. The Shenzhen Stock Exchange believes that the main factor driving the stock price to rise sharply in the short-term yesterday was the pursuit of individual investors. During this period, there were 1267 accounts bought, and the distribution was relatively scattered. The data on a case-by-case basis reveals more information. The Level2 transaction data shows that there are many large orders that are knocked in during the centralized bidding stage and are mixed and mixed. The small ones are hundreds of lots, the other ones are thousands of hands, and the largest one is up to 2453 hands, which is calculated by the price of the daily limit. 1.008 million yuan. These large orders attracted the attention of the market during the stage of concentrated bidding, which laid the foundation for the opening of the volume of *Xintai. Stimulated by the opening and closing volume, after the opening, Xintai appeared intensive small order purchases, and 500 to 700 lots of orders appeared from time to time. * Xintai's share price rose to 4.53 yuan in an instant, only 4 cents from the previous day's closing price. Since then, * Xintai has fallen into a "turbine war" of up to 23 seconds. Small sell orders began to appear intensively, and the stock price fluctuated around the previous day's closing price. The long-term funds will use the previous day's closing price of 4.57 yuan as the core point to wait for work and defensive counterattack. The price list shows that the total number of transactions at the 4.57 yuan level was 7,431 lots, and the final multi-headed force made a breakthrough. This point became one of the most fierce barriers in the day of the Xintai daily limit. After 23 seconds of opening, *Xintai shares turned red for the first time, the market sentiment was fully mobilized, the shorts were turned over, the big single funds were hidden behind the scenes, and the small purchases became the main pusher after the stock price was lifted. From 23 seconds after the opening to the first contact with the daily limit, * Xintai sold 26,900 hands, and before that date, more than 360,000 hands were sold. That is to say, despite the fact that more than 200 million yuan of funds yesterday raised the Xintai from the down limit to the daily limit, the timing of the opening of large funds was relatively earlier, and the cost price was estimated to be below 4.57 yuan. "Seesaw" technique seems to have met According to the transaction disclosure information disclosed after the close of the Shenzhen Stock Exchange, the top five buying seats and selling attendance of Xintai yesterday were all brokerage business departments. The first place to buy is CITIC Securities Hangzhou Fengqi Road Sales Department, net purchase of 32,854,100 yuan. Followed by the three business departments of Huatai Securities, namely Huatai Securities Shenzhen Liuxian Avenue Zhongguan Building Business Department, Huatai Securities Nantong Tongzhou Renmin Road Sales Department, Huatai Securities Shenzhen Yitian Road Rongchao Business Center Sales Department, respectively, bought 16.44 million yuan 1,123.20 million yuan, 11.266 million yuan. Ranked fifth is Founder Securities Ningbo Jiefang North Road Sales Department, buying 8,384,400 yuan. Some senior market participants pointed out that many of the above-mentioned sales departments are well-known "fake board professional households" in the market. There are not a few listed companies that have set a limit by the number of seats in these sales offices, including Busen, *ST Huangtai, and Rotary Information. Rotary pole information is a big success story of the above-mentioned "flapboard professional households". Rotating pole information was suspended for reorganization on November 30 last year. On the evening of March 9 this year, the company announced plans to strengthen the top-level design, implementation and operation of smart cities on the basis of the original business, and purchase 100% of the shares of Beijing Taihao Intelligent Engineering Co., Ltd. Despite the good resumption of the card, but due to the market retreat 20% during the period, the reversal of the reversal of the reversal of the card, after the two-word limit, the stock successfully opened the limit, "the professional board of the seesaw" appeared in the dragon and tiger list. Although the information on the second day after the opening of the daily limit continued to fall, it quickly stopped the decline on the third day, and then rose sharply with the rebound of the market, during which the stock price once approached the all-time high. If it is said that the information on the rotation of the pole is the "seesaw" funds optimistic about the future development potential of the company, then what is the trading logic behind the ST stocks that have been investigated by the regulatory authorities? On June 19 this year, *ST Huangtai disclosed that the company was investigated by the China Securities Regulatory Commission for suspected information disclosure violations. Therefore, according to relevant regulations, the major shareholder Shanghai Houfeng Investment Co., Ltd. suspended commercial negotiations on equity transfer matters. Since the company resumed trading on June 20, it has been suspended without a suspense. After five consecutive wordboards, *ST Huangtai ushered in the "White Knight" to open the limit, and the "Board Professionals" reappeared. . According to industry insiders, some listed companies have strong stock price maintenance needs after major negatives. Therefore, they will take the initiative to find active hot money on the market, hope to open the limitless market through their hands, and stop the trend of the secondary market, such as the stock price to further stabilize and recover. Some senior market participants pointed out that the "seesaw" technique was known to the market because it was used by Xu Xiang, the boss of Ze Xi, who is now in the trap, and the "seesaw" itself is only the first step in a set of profit models. The core profit logic is that in the initial stage, a large amount of funds will be used to open the down limit at any cost, thus attracting the attention of the market. After the market expectation is reversed, the capital inflow will catch up. The “squatterâ€â€™s seesaw funds together with the previously ambushed chips will be profitable. field. Therefore, whether the big money of Xintai can finally make a profit, the key is whether there are more investors in the next few trading days to “make the moths†and help them to ship smoothly. A private equity fund manager pointed out that some stocks have been oversold due to negative factors due to negative factors. At this time, funds are involved in the “seesawâ€, which is a normal market game and, to a certain extent, is conducive to the return of listed companies. (Securities Times News Center) Securities Times Network July 28th Avoiding short- and medium-term product supervision insurance companies The "Notice on Standardizing Short-term Renewal Products" issued in late March was heard, and the relevant person in charge of the China Insurance Regulatory Commission "stayed at the bottom line of non-regional systemic risk" was still in the ear. The entire insurance industry is driving towards sustainable development. On the driveway of the transformation. However, there are policies and countermeasures. After only four months, individual insurance companies began to play the game of “cat and mouse†with the supervision, that is, through the design of “easy-to-capacity†in the design of insurance products, the newly added policy pledge loan design, to avoid both supervision In disguise, the purpose of shortening the term of insurance products. From the perspective of early warning, although it is not illegal on the surface, this new type of “easy-to-capacity†has once again led to the evolution of scale and long-term, which is likely to trigger new liquidity and risk misleading risks. Whether it is a new challenge for consumers, insurance companies or regulators. Industrial enterprise profit growth accelerates the leading of private enterprises According to the financial data of industrial enterprises released by the National Bureau of Statistics on the 27th, from January to June, the profits of industrial enterprises above designated size increased by 6.2% year-on-year, and the growth rate dropped by 0.2 percentage points from January to May. However, profits in June increased by 5.1% year-on-year, and the growth rate was 1.4 percentage points faster than that in May. He Ping, the industrial division of the National Bureau of Statistics, explained that the profit growth of industrial enterprises accelerated in June, mainly for two reasons, including the acceleration of industrial production and sales growth, and the decline in product prices continued to narrow. According to statistics, in June, the added value of industrial enterprises above designated size increased by 6.2% year-on-year, and the growth rate was 0.2 percentage points higher than that in May; the income from main business increased by 3.8% year-on-year, and the growth rate was 0.8 percentage points faster than that in May; Prices fell by 2.6% year-on-year, and the decline was 0.2 percentage points lower than that in May. In terms of industries, profit growth in industries such as electronics and petroleum processing has accelerated. In June, due to the better development of mobile phones and other businesses, the profits of computer communications and other electronic equipment manufacturing industries turned from negative to positive, up 19.5% year-on-year, and down 15.1% in May. Affected by the low base in the same period of last year, the profit of petroleum processing coking and nuclear fuel processing industry increased by 61.9% year-on-year, and the growth rate was significantly higher than that of May by 60.7 percentage points. The two industries combined to boost the profit growth rate of industrial enterprises above designated size by 3.6 percentage points. In addition to the acceleration of profit growth, there have been some positive changes in the efficiency of industrial enterprises in June. Private enterprises performed well, and the decline in revenue from the main business of state-owned holding companies narrowed. Since the beginning of this year, the profit growth rate of private enterprises has continued to increase steadily, with a cumulative year-on-year growth of 8.8% from January to June, an increase of 5.1 percentage points from the previous year's 3.7%. State-owned enterprise profits fell negatively for 19 consecutive months after a sharp decline at the end of 2014. From January to June this year, the total profit of state-owned holding companies was 558.04 billion yuan, down 8% year-on-year. “Although the decline in January-June has increased by 0.7 percentage points from January to May, the decline in main business income has narrowed by 0.7 percentage points. It is expected that the decline in profit of state-owned holding companies in the third quarter is expected to narrow.†Analysis of the macro-receipt team of Soochow Securities think. The growth rate of industry profit growth has narrowed, and the growth rate of downstream industries has improved significantly. The Soochow Securities macro-receiving team said that benefiting from rising raw material prices, the profits of upstream industries such as coal and oil and gas mining have recovered. The growth of the mid-stream industry is obvious. Among them, non-ferrous metals and ferrous metal smelting industries are picking up due to product prices. The growth rate of high-tech industries such as pharmaceutical manufacturing and electrical machinery manufacturing was stable; the downstream industry improved significantly, and the growth rate of the automotive industry and food manufacturing industry in the first half of the year was 6.5% and 13.4%. The effect of destocking is significant, and corporate pressure is reduced. The inventory of finished products of industrial enterprises decreased for three consecutive months, down by 1.9% year-on-year in June, indicating that the effect of “destocking†under the supply-side reform was highlighted. The inventory turnover days of finished goods were 14.4 days, a decrease of 0.6 days compared with the same period of last year. The pressure on enterprise stocks continued to ease. Shen Wan Hongyuan Research reported that GDP growth in the third quarter will reach 6.7%, which is the same as that in the second quarter. The PPI decline continues to narrow, and cost reduction measures continue to be implemented. Corporate profits are expected to continue to improve in the third quarter. The Soochow Securities macro-receiving team also believes that with the deepening of state-owned enterprise reform in the second half of the year, the profits of industrial enterprises are expected to remain at the growth rate of 6.0%-6.5%. (Securities Times News Center) Securities Times Network July 28th The central bank’s reverse repurchase volume continued to create a new high in this month’s capital Near the end of the month, the central bank in the open market "plus yards" reverse repurchase. On July 27th, the central bank placed 180 billion yuan of 7-day reverse repurchase on the market, and continued to refresh the record of reverse-repurchase single-day operations in the past month. Benefiting from this, the liquidity of the interbank market was further relaxed yesterday. On July 27, the central bank launched a 180-day reverse repurchase operation of 180 billion yuan by interest rate bidding. The winning bid rate was 2.25%, which was the same as the previous period. The operation volume increased by 50 billion yuan compared with the previous trading day. This is the third consecutive trading day of the central bank to carry out reverse repurchase operations of more than 100 billion yuan. The last time such a large-scale reverse repurchase was carried out at the critical time point at the end of June. After a lapse of one month, the open market reproduces a large-scale reverse repurchase operation, and the amount of reverse repurchase operations was further “plus yards†yesterday, indicating that the central bank’s intention to maintain funds at the end of the month has increased. According to the statistics of the reporter, this week, the central bank’s single-day reverse repurchase in the open market was 150 billion yuan, 130 billion yuan and 180 billion yuan respectively. After the hedging against the expired reverse repurchase volume, the accumulated net investment this week was as high as 2750. 100 million yuan. So far, in the last week of July, the open market has locked in the net release of funds in advance. Benefiting from this, the tightening of market funds has been further eased yesterday. After the funds surface slightly loosened in the afternoon of Tuesday, according to traders, the market liquidity situation improved further yesterday. Gong Chenliang, a researcher at the DM financial peer quotation platform, told reporters that yesterday's short-term fund quotations fell by 20 to 25 basis points from the previous day. The continuous large-scale net investment by the central bank has greatly enhanced the market's confidence in the smooth flow of funds across the moon. The data showed that the Shanghai Interbank Offered Rate (Shibor) continued to differentiate significantly on Wednesday. The overnight, 7-day and 14-day Shibor rates continued to rise, with the 7-day Shibor interest rate leading up, rising 1.20 basis points to 2.3600% yesterday. The variety Shibor interest rate fell. In the view of some market participants, compared with the end of June, the liquidity of the banking system was abundant at the end of July. Chen Hao, a senior researcher at the Bank of Communications Research Center, told reporters that according to its monitoring, compared with the tighter funds at the end of June, the situation of funds in the interbank market at the end of July was still stable. Judging from the operational thinking of the central bank's open market this month, the central bank has maintained a limited amount of funds in the open market before, and began a large-scale reverse repurchase operation near the end of the month. Looking back at the reasons for the tightness of this round of funds since late July, in addition to the tax payment factors and the expiration of the medium-term loan facility (MLF), in some institutions, the decline in the over-reserve rate in July is also one of the reasons. According to the calculation of the China Fortune Securities collection team, due to the increase in the central bank's increased capital investment and the acceleration of fiscal deposits, the ultra-reserve rate rebounded to 2.1% to 2.2% at the end of June. In July, due to the tax payment superimposed open market, it is expected to exceed the reserve. The rate has fallen back to the level of 1.7% to 1.8%. (Securities Times News Center) Securities Times Network July 28th The "package" design is to be circumvented by the Shanghai Stock Exchange. In view of the strictening of the supervision of “reorganization listing (commonly known as backdoor)â€, the restructuring plan of listed companies in the near future is also trying to avoid touching this “red lineâ€. Among them, attempts are made to prove that the asset injection party does not constitute a “purchaserâ€; some shareholders of the underlying assets automatically waive the voting rights and nomination rights, so as not to trigger the actual controller change conditions. And the restructuring plan announced by Antai Group recently has shunned the means to “comprehensive integrationâ€: in order to avoid triggering the reorganization of listing conditions, by reducing the shareholding ratio of the major shareholders of the underlying assets, partially acquiring the equity of the target company, and reducing the shareholders of the target assets. The issuance of shares and other "package" arrangements, trying to circumvent the "backdoor" determination. However, the company's design was strictly cross-examined by the regulatory authorities. The reorganization inquiry letter disclosed by the company today shows that the SSE has “targeted†the suspected evasive backdoors in the company's plan, and asked the company to combine the design of the plan to further discuss whether there are situations to avoid reorganization and listing. Asset restructuring changes *ST Dongjing changed to stripped inefficient assets Affected by changes in the securities market, *ST Dongjing decided to change the major asset restructuring into asset sales. Today, the company released an asset sale plan. *ST Dongjing intends to sell its 80% equity interest in Chengdu Ruikang and 100% equity of Huangshan Optoelectronics held by Dongjing Jinhua, a wholly-owned subsidiary, to Zhongji Investment Management Co., Ltd. at a price of 145 million yuan. According to the disclosure, the current counterparty is Zhongji Investment Management Co., Ltd., with a registered capital of 136 million yuan, and the legal representative is Xu Hongwei. The business scope includes investment in industry and service industry; asset trusteeship management. According to the announcement, on March 31, 2016, the evaluation date of the audit, the 100% equity of Huangshan Optoelectronics and the 80% equity of Chengdu Ruikang were estimated to be 39.77 million yuan and 104 million yuan respectively. After consultation between the two parties, the prices of the two target companies were 40 million yuan and 105 million yuan respectively. Announcement shows that *ST Dongjing is mainly engaged in the production and sales of quartz crystal components. The main products are resonators. In recent years, the company has expanded into the sapphire field. However, due to changes in the market environment, the competition in the resonator product market has become more intense, the overcapacity in the sapphire market, the demand in the new field has been delayed, and the company's expansion speed is too fast and the scale is too large, resulting in the sale of the company's two major categories of products. Jia, the performance decline in the past two years is significant. In this context, the company began to suspend the re-planning of major issues on April 11th, and plans to cooperate with Zhongji Electromechanical to carry out asset injection cooperation. However, due to the impact of the recent regulatory policy environment and the progress of the target asset audit assessment, the company said that the backdoor listing program could not be determined during the suspension period of the license, so the cooperation was terminated. The company thus decided to change the asset reorganization into asset sales, and gradually divest in inefficient assets through internal asset structure adjustment. According to the disclosure, due to fierce market competition, the price of Huangshan Optoelectronics' main products, LED sapphire series, has been falling all the way, resulting in a negative gross profit margin. Chengdu Du Kang also faces similar situations. The data shows that its gross profit margins for January to March 2016, 2015 and 2014 were 16.27%, -19.50% and -59.10% respectively. After the completion of the transaction, the company's main business is the production and sales of quartz crystal components. The sapphire Huangshan Optoelectronics and some of the resonators with low operating efficiency have been divested in Chengdu Ruikang. The company's losses have been alleviated, which is conducive to the company's continued operation. . It is worth noting that although this transaction is conducive to further concentrating the direction of the company's main business, the decline in operating income and operating scale still brings certain uncertainty to the company. It is reported that the underlying assets to be sold mainly operate sapphire business and resonator business. In 2014 and 2015, the total operating income of the two target companies was 52.623 million yuan and 110 million yuan respectively, accounting for the proportion of the company's operating income. 17.00%, 32.51%. After the completion of the transaction, the company will no longer have operating income from sapphire products, and the revenue of the resonator will also decline. (Securities Times News Center) Securities Times Network July 28th IP, second-element, and movie-visual linkage capital targeting pan-entertainment labels Although the A-share market has been deeply concerned about the theme of speculation, the trend of securitization in the industries of film and television, games and animation continues. The corresponding "pan-entertainment industry" labels such as IP, VR, secondary yuan, and movie-visual linkage are the eyes of capital. Not long ago, at the 2016 Pan-Entertainment Industry (Game) Summit held by several entertainment dream factories and Soochow Securities, many companies shared their development philosophy: Blueport Pictures, a subsidiary of Hong Kong-listed company, Hong Kong Interactive It will open up the film and television, games, animation, products are clearly located in the new generation market after 90, 95; and like the C-round valuation of 4 billion yuan rice film, it is believed that the opportunity of local animation film has arrived. However, some insiders pointed out that the prospect of pan-interior entertainment is wonderful. Capital can also be rational. By trying to find the natural integration between industries and finding the best model for enterprise development, it may be better to grasp the market pulsation and the bubble. income. According to the 2015-2016 China Pan-Entertainment Industry Development White Paper, the core idea of ​​the pan-entertainment industry lies in the exploration and re-engineering of IP value, and the essence of “moving and moving linkage†is still to find two major fields of film and game in the pan-entertainment industry. The cooperation space, the implementation of IP linkage development, open up an interactive entertainment ecosystem. According to reports, the most well-known representative of the movie-visual linkages on the market are: the TV series "Hua Qian Bone" mobile game jointly released by Tianxiang Interactive and Iqiyi, and the online drama "Xianjian Inn" launched by Digital Sky, the same name mobile game, Sanqi Mutual entertainment in the page tour and mobile game double-end release of "Journey to the Sun Wukong three dozens of bones", the network of the tourist network and the travel of the film industry "three-body" film game development. Under the dual drive of industry and market, a number of listed companies have also listed the film and television linkage as a strategic development direction. In addition to the network of tourists, Huayi Brothers, Sanqi Mutual Entertainment, Aofei Entertainment, and Tenjin Entertainment have also adopted this. The layout of the pan-entertainment industry. In addition to the competitive layout of A-share listed companies, there are also some new companies planning to enter the field. For example, Blueport Pictures, which participated in the Pan-Entertainment Industry (Game) Summit Forum, was established in March this year as a subsidiary of the Blueport Interactive. In the view of Ren Zhaonian, CEO of Langang Films, the past cooperation based on pure commercial IP licensing and purchase is a shallow cooperation. Nowadays, a series of business models such as video game linkage and roaming linkage have gradually become hot spots in the industry. Therefore, as a film and television company with game genes, Blueport Pictures will rely on innate game resources, combined with the current animation hotspots, to try the development strategy of film, game, animation and trinity. Ren Zhaonian said that the most important audience of Langang Pictures is young people. Based on the independent game IP, the company will dig deep into the needs of the crowd after 90s and even after 00, focusing on creating new generation film and television and animation projects and exporting to the secondary group. Cultural content that combines entertainment and value. On the other hand, today, when everyone is talking about IP, film and television companies sometimes find it difficult to avoid being a "wage earner" of popular IP projects. From production (acquisition) to production, “giving red†an IP often requires a lot of energy and resources, and after the IP is popular and realized, how to retain the popular IP has become a new test. In this regard, Zhang Qing, the chairman of the rice film industry who participated in this forum, has a unique view that the cartoon will really retain the IP. Since its inception, Miyuki Film has determined that it will focus on the production of animated films. If the 2015 dark horse "Grand St. Return" lets him see the dawn, then the success of this summer's summer light media "Dayu Haitang" makes Zhang Qing more and more determined the value of animated films. In the choice of animated films and live-action movies, Zhang Qing pointed out: "The IP behind the live-action movie (content copyright) is not the film company, because the director and the star are brought out. But for the animated film, the fire is a Department, this belongs to the company, and IP will always remain on the company's account, creating value for the company." Zhang Qing further explained that in the comparison with live-action movies, the production cost of animated films predominates. For example, the cost of "Grand St. Return" is about 40 million yuan, and the cost of "Big Fish Begonia" is about 60 million yuan. This price is equivalent to the pay of the first-line star. In contrast, it can be found that cartoons have a certain cost advantage in the case that production costs are getting higher and higher, and real small-cost movies are getting less and less. In addition, Zhang Qing believes that the back end of cartoons is more extensible, that is, animation IP can develop more derivative industries, especially in the field of games. In fact, since the second half of last year, a number of film and television companies have turned their attention to the animation industry. For example, Light Media has invested in several animation companies, and animation has been identified as one of the key development directions of the future of the light film industry. Huayi Brothers also actively deployed this field. This year, a wholly-owned animation company was established, and the "Rock and Mastiff" was launched at the opening of the summer program. In addition, Aofei Entertainment, Great Wall Anime, Caesar shares, etc. have also laid out the field. (Securities Times News Center) Securities Times Network July 28th Gold ham 430 million "banquet" Zhongyi Capital shareholders get arbitrage opportunities After the path of PE-type business injection into the new three-board listed company was blocked, the well-known PE Zhongyu Capital took a different approach and won an “arbitrage channel†in the A-share market. Yesterday, the trading of gold hams in the past six months was suspended for a daily limit. Although the company’s planned major asset restructuring was defeated, it still issued a 430 million yuan acquisition of Zhongyu Capital (full name “Zhongyi Capital Management (Beijing) Co., Ltd.)), avoiding “empty back. ". The Shanghai Securities Journal reporter noted that Zhongyu Capital acquired the new three-board company Huaxin Yuanda (now known as “Zhongyi Medicalâ€) in the early 2015, but it was unable to do so because of the sudden change in supervision. Further investigations revealed that at the end of last year, before and after the suspension of asset restructuring in Zhonghao Medical, Zhonghao Capital absorbed a total of 18 new shareholders. Now, with the termination of the Lieutenant Medical Rehabilitation, a number of shareholders who have rushed to invest in Zhongyu Capital may take advantage of the shareholding of this gold ham to profit. LED acceleration replaces the traditional lighting mid-stream packaging industry boom The 11th China (Qingdao) International LED and LED Lighting Exhibition was held in Qingdao today. The products of this exhibition will cover LED lighting equipment, LED packaging, outdoor lighting, professional lighting and ancillary equipment. In the same period, we will hold a number of technical exchanges, summit forums and new product launches, and strive to create a professional exchange and cooperation platform, which is expected to further promote the rapid development of China's LED lighting industry. The global lighting market can be divided into three categories: general lighting, automotive lighting and display. General lighting includes office lighting, home lighting, rail transit lighting, etc., with a market share of up to 80%. Last year, the global LED lighting market reached 29.9 billion US dollars, and the market penetration rate was 27%. According to international research firm Technavio, the replacement effect of LED lighting technology on traditional lighting technology is increasing year by year. It is expected that by 2019, the global LED lighting market is expected to reach about 64.9 billion US dollars. In addition, LEDinside report pointed out that in June this year, the global retail price of LED bulbs replacing 40W incandescent lamps was 9.5 US dollars, down 0.2%; the average retail price of LED bulbs replacing 60W incandescent lamps was 12.9 US dollars, down 0.1%. As the price of LED bulbs declines and market demand picks up, the replacement speed of LED lighting will further increase. As the most promising light source, LED has many advantages such as energy saving, environmental protection and long service life. With the phasing out of incandescent lamps, countries have introduced a timetable for disabling incandescent lamps. As early as 2012, the European Union, Japan, and Canada had completely banned the use of incandescent lamps. Since 2014, the United States has banned the sale of 40W, 60W, 75W and 100W incandescent bulbs. At the same time, China also prohibits the import and sale of incandescent lamps of 60W and above, which will vigorously promote the sustainable development of China's LED lighting market, and the market penetration rate is expected to further increase. At present, China's LED lighting applications are still in the initial penetration stage, mainly including general lighting, LED displays, traffic lights, car lights and LCD backlights. From the perspective of the LED industry chain, it can be mainly divided into upstream raw materials and chips; midstream LED packaging; downstream LED applications. Among them, the core technology of LED upstream chip and epitaxial wafer market is monopolized by foreign giants. Compared with the chip industry, China's midstream LED packaging industry is the most competitive, and the package varieties are more comprehensive. At present, China's LED packaging has formed a certain industrial scale, becoming an important low-end LED packaging production base in the world. At the same time, with the continuous improvement of process technology and the rapid increase in the market share of high-end packaging, the competitiveness of LED packaging companies will continue to increase in the future. Last year, China's LED lighting penetration rate reached about 30%, slightly higher than the global level, there is still room for development in the future. LEDinside report shows that China's LED packaging market last year was 8.8 billion US dollars, an increase of 2%. This year, the demand for lighting manufacturers to replenish stocks has increased. It is expected that the scale of China's LED packaging market will reach 9.3 billion US dollars in 2016, and the growth is expected to exceed 5%. With the improvement of LED technology and the increasing market demand, the LED industry will usher in a period of rapid development. (Securities Times News Center) Silicone Cover and Rubber Sleeves Rubber Silicone Bottle Sleeve, also known as Silicon Sleeve, silicone Sheath, Rubber Sleeve, etc, produced by compress mold, working in wrapping, insulating, holding. Rubber Silicone Bottle Sleeves are is mainly used for Glass Bottle and Coffee Cup to prevent heat, breaking, slipping, leakage, etc. Silicone Cover ,Rubber Sleeves,Colorful Silicone Cover ,Silicone Case Xiamen The Answers Trade Co.,Ltd. , https://www.xmanswerssilicone.com