Chinese manufacturer Refond Optoelectronics (Refond Opto) released their 2014 half year financial report on July 9. The company estimates net income available to stockholders for the first half of the year to reach RMB 19.64-23.56 million (US $3.2-3.8 million), YoY drop of 10-25 percent. 

The LED lighting industry is transforming. As LED lighting develops, new technology, applications, and models will drive a revolution in the production process of the industry. Industry insiders have weighed in on the future of the industry at the New LED Technology Conference held by the Shenzhen Light Emitting Diode Industry Association. With more new chip scale packaging (CSP) technology springing up, industry insiders believe that the industry chain consolidation process will accelerate.