2015 LED packaging industry development prospect forecast analysis

Even if the downstream demand rebounded again in the first half of 2015, and effectively improve the capacity utilization rate of packaging manufacturers, the packaging sector is difficult to intercept profits due to low industrial concentration, scattered distribution, low industry threshold and fierce competition. keep falling. In addition, from the chart below, in 2014, the expansion of China's packaging giants increased by 50% year-on-year, which was higher than that of Chinese chip makers, which increased by 20% year-on-year. The barbaric expansion of the packaging industry has intensified industry competition.

From the chart below, the average gross profit margin of the packaging plant is gradually declining and the chip maker's gross margin trend is completely different. This is a reflection of our view: the industry concentration of the packaging industry is low and the expansion of production is increasing, resulting in the vendor's bargaining power. Going lower, the outlook for the loading industry in 2015 is not optimistic.

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