Honglitronic Monthly Package Production Reaches Historical High

Honglitronic’s LED packaged products, mostly used in lighting applications, are being produced at 750KK to 800KK per month, said a member from the company’s Securities Department. Those in the industry believe the LED manufacturer’s profits will surface at the end of 2014.

According to sources, Honglitronic’s monthly production rate was about 500KK in 2012. The company has only used two production factories out of a total of four, if all four factories re activated it can reach a monthly production capacity of 2,000KK, said the company Chairman Li Guoping in March 2013.

The company hopes to extend into LED industry’s downstream, and use its rule of using its advantages to compensate each other to take into account both synergy and growth. The company is actively seeking high quality targets to fulfill the company’s integration and leap developments.

From white light LED package manufacturers current situation, Guotai Junan Securities analyst believes the company’s current production capacity remains limited, and its LED company’s profits remain low. It is possible that profits will not show up till end of 2014. The LED industry will be developing market channels in 2013 to 2014, hence costs remain relatively high.

The global LED lighting market penetration rate is rising rapidly, according to LEDinside, a subsidiary of global market research institute TrendForce latest silver member report. According to the institute’s statistics, LED lighting industry will be worth US$ 17.8 billion in 2014. Overall, the LED lighting product shipment volume reached 2.67 billion units, and shipment volume grew 68 percent compared to 2013.

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