Preface: The recent epidemic in Shanghai has been affecting people's hearts. Under the epidemic prevention and control, "grocery shopping" has become the focus of the epidemic control. Vegetables have become a "luxury product" in everyone's eyes. Grabbing food from the fresh food platform has become a top priority in Shanghai peopleâs daily lives. While the epidemic situation remains severe, Internet giants such as JD.com and Alibaba rushed to help Shanghai, further expanding Shanghai's supply guarantee team, and the daily supply problems of local residents are expected to be fully alleviated.
When the epidemic and home isolation have become almost the norm, LED plant lighting has begun to attract more attention from people. The 2022 Guangzhou International Lighting Exhibition (GILE) will be held at the Canton Fair Complex from June 9 to 12. GILE Invite you to pay attention to today's LED plant lighting information:
In the past two years, home isolation due to the epidemic has become almost the norm. The resulting tight supply of household vegetables has also stimulated everyone's strong interest in growing their own vegetables. Coupled with the US MORE Act plan to legalize industrial hemp and the food crisis caused by the new coronavirus epidemic, LED plant lighting will have a great opportunity to enter cities and homes. Many manufacturers have begun to increase their presence in the plant lighting industry.
Leading Industry acquires Yuanhui Optoelectronics for HKD 1.1 billion to expand plant lighting
html On April 1, Kingsoft Technology Industry announced that as of March 31, 2022, GP Industrial Co., Ltd., a subsidiary of the company that holds 85.59% of the equity, owns 38.13% of the equity. The associated company Leading Industrial Co., Ltd. (the buyer) entered into a sales and purchase agreement with Weizhi Optoelectronics (Group) Co., Ltd. (the seller) and Mr. Luo Zhongwei. The buyer will acquire Yuanhui Optoelectronics at a price of HK$1.1 billion (approximately RMB 894 million). All issued share capital of Technology Co., Ltd.It is reported that Kingsoft Technology Industry is an Asian multinational group. The company owns a number of high-quality industrial investment projects mainly through GP Industry. It is reported that GP Industries is a listed company in Singapore, and currently, Kingsoft Technology Industries holds 85.59% of its shares.
Yuanhui Optoelectronics Group is mainly engaged in the development, manufacturing and sales of LED lighting products and modules. It is currently committed to expanding new business in LED lighting products related to sustainable horticulture and smart cities. According to
information, on May 20, 2021, Jinshan Technology Industry also announced that it had signed a master supply agreement with Yuanhui Optoelectronics. The agreement stipulates that in the daily business process of Jinshan Science and Technology Industry, Jinshan Science and Technology Industry agrees to: sell Class A products to Yuanhui Optoelectronics Group; purchase Class B products from Yuanhui Optoelectronics Group. The agreement is valid until March 31, 2024.
Xingbao International increased its focus on medicinal plant lighting
html On the afternoon of April 6, Xingbao International held a board meeting to adopt a private placement capital increase and set the price. It is expected to raise 6,800 funds from specific persons at 43.52 yuan (New Taiwan dollars, the same below) per share. According to market speculation, It should be related to the new business of medicinal plant lighting. It is very likely that the strategic investors introduced are Japanese companies. If this private placement is fully funded, Xingbao's shareholding will reach 15% in the future and become the single largest shareholder.is optimistic about the development of medicinal plant factories. Huang Kunjian, chairman of Xingbao, said at the beginning of this year that new technologies and materials will be introduced from Taiwan, Japan, etc., and invested in plant factories through reinvestment. Considering that the economic value for people's livelihood is relatively low, the plan will be The existing pharmaceutical factory was upgraded to a new medicinal plant development factory.
The capital of Xingbao International is 375 million yuan. Today, all 6,800 shares are taken by Japanese companies. In the future, Japanese companies will hold up to 15% of the shares of Xingbao International and may become the largest single shareholder. If the new business is launched smoothly, the overall operation is expected to strengthen accordingly.
Mulinsen
An investor asked on the investor interactive platform: During the epidemic, many people are staying at home, and the current price of vegetables is relatively high. Is the plant growth chamber produced by the company suitable for urban agriculture such as indoor growing vegetables and flowers?
Mulinsen stated on the investor interactive platform on April 1 that the plant growth chamber produced by the company is based on the expansion of LED plant lighting applications. It controls illumination, photoperiod, spectral distribution, and light uniformity under completely closed or semi-closed conditions. etc., combined with temperature, humidity and water circulation control systems, to optimize plant growth and development and achieve an efficient agricultural system for planned crop production, which can be used for indoor planting of plants.At present, the plant growth chambers produced by the company are mainly used in the field of forage cultivation, and are committed to helping alleviate the problems of grass-livestock imbalance and winter forage shortage in the western region. It has also cooperated with the Center for Excellence in Molecular Plant Science of the Chinese Academy of Sciences and the Institute of Urban Agriculture of the Chinese Academy of Agricultural Sciences. Waiting for cooperation with many domestic research institutes.
Wanrun Technology
An investor asked on the investor interaction platform: Hello, can the company's LED plant lighting be used in the cultivation of industrial hemp?
Wanrun Technology stated on the investor interactive platform on March 28 that some of the company's LED plant lighting products have passed the LM-80-Q90 certification of a third-party laboratory authorized by the U.S. NVLAP. The company's LED plant lighting products can intelligently control lighting and adjust the spectrum accordingly according to the different growth cycles, lighting requirements and other characteristics of different plants (including industrial hemp, etc.) to effectively promote plant production and income.
Ledman Optoelectronics
An investor asked on the investor interaction platform: How is the company's plant lighting development going?
Ledman Optoelectronics stated on the investor interaction platform on March 29 that the plant lighting solutions of the companyâs wholly-owned subsidiary Tuoxiang Technology have been implemented in plant factories and other planting farms in overseas markets. Tuoxiang Technology will continue to strengthen product research and development and Marketing efforts.
Songsheng Shares
Songsheng Shares In the investor interactive Q&A, investors asked what is the outlook for the plant lighting business this year?
Songsheng Shares said that in 2021, the companyâs plant lighting LED drive power product revenue will be 446 million yuan, year-on-year. An increase of 435.69%, accounting for 40.48% of operating income from 12.30% in 2020, and the application of LED plant lighting has become an important new growth point to drive the company's business development.
From the perspective of industry growth, according to statistics from the China Lighting Electrical Appliances Association, the export volume of plant lighting in the first three quarters of 2021 is approximately US$360 million, and the full-year export volume is approximately US$450 million, compared with last year's export volume of US$500 million. There has been a decline, and it has not shown the expected high growth. Looking back at the development of plant lighting in the past year. We believe that the main reason is that plant lighting is still an industry in an early stage of development. It can be seen that the short-term development last year was affected by a number of fluctuation factors:
(1) Structural fluctuations in overseas market demand, last year In the first quarter and the second quarter, under the situation and expectation of the explosive growth of plant lighting, terminal and downstream lighting customers continued to expand production capacity and stocking up. At the same time, the impact of tight supply of raw materials was superimposed. The demand for terminal and downstream orders formed a relatively advanced stocking state. , companies in the driving power manufacturing sector have also experienced rapid growth in operating income;
(2) Since the third quarter of 2021, the United States has suppressed illegal cultivation of cannabis, and many small unlicensed growers are facing a reshuffle. Due to industrial hemp In the early stage of plant lighting, it still occupies a relatively important position, so the impact is relatively large. However, due to its short impact in the third quarter, the impact lags behind. In the fourth quarter, the overall impact of overseas demand gradually emerged, coupled with the advance in the early stage Stocking up takes time to digest, causing growth to slow down or even fall back. However, due to the relative concentration of large companies in the power supply manufacturing sector, we can still maintain a relatively stable business scale.
(3) The domestic market demand has not yet fully formed the conditions for industrialization. The country is still exploring mature and replicable business models, and further mutual promotion of policy, technology and market is needed.
In the long term, we are still very optimistic and value the field of plant lighting. Although there were short-term demand fluctuations last year, the underlying logic of the development of this industry has not undergone fundamental adverse changes. First, the development of agricultural technology is still It is of great significance. Secondly, there is no alternative transformative technology for LED and its supporting driving power technology at present and in the foreseeable future. Thirdly, the ceiling of the LED lighting and driving power industry is still mainly raised by the professional emerging market space. High, currently plant lighting is still one of the important areas in the professional emerging market. In addition, we can also see some positive and favorable factors reflected last year and currently:
(1) More than 500 national standard plans released at the end of 2021 include technical standards related to plant lighting, filling the gap of domestic industry standards. Blank;
(2) Some large domestic manufacturers and institutions such as the Academy of Agricultural Sciences are accelerating the deployment of cutting-edge plant lighting technology. We will also keep up with the pace of related technologies. In the future, our research and development direction will focus on the new generation of plant lighting technology and For power supply applications, the R&D center financed by this convertible bond is also used to reserve this technology;
(3) According to media news reports, the use and cultivation of industrial hemp in the United States will be legalized at the federal level, showing the legalization of industrial hemp. One step closer, it may be beneficial to the promotion and application of plant lighting in the short term.
The plant lighting market will reach US$5.70 billion in 2024
According to Canopy Growth estimates, the global industrial hemp market exceeds US$300 billion. In 2020, the US legal cannabis market will be nearly US$18 billion (the world's largest market), with a year-on-year growth rate of at least Reaching 50%, the compound growth rate is expected to remain around 20% in the next 10 years, and the market space is expected to reach 100 billion US dollars by 2030.
Guosheng Securities pointed out that indoor cultivation is currently the mainstream of cannabis cultivation in the United States and is driving the growth in demand for plant lighting.
According to Guosheng Securities estimates, global demand for plant lighting LED lamps will be US$3.2 billion in 2021, and will reach US$7 billion by 2026. The global plant lighting system-level market was only about US$3.8 billion in 2017; it will rapidly increase to US$17 billion in 2027, with a compound annual growth rate of 16%; the LED device-level market was only US$100 million in 2017, and will expand to US$700 million in 2027; The compound growth rate reached 21%.
Data source: Frost & Sullivan,
data compiled by Guanyan Tianxia shows that the global LED plant lighting equipment market size increased from US$310 million in 2015 to US$1.22 billion in 2019, with a compound annual growth rate of 40.8%. It is expected that LED plant fill light equipment will be further used in modern agricultural production in the future, and the market size will reach US$5.70 billion by 2024.
In addition, with the improvement of LED light efficiency, the continuous decrease of costs, and the domestic and local policy support for digitalization and modern agriculture, Guosheng Securities said that in the future, LED plant lighting solutions will solve the problem of limited land resources and unstable climate, which will affect agriculture and harvest. It plays an important role in influencing stability and has huge room for development.
Article source: Guangdong LED
