LED芯片是所有LED電子屏的核心上游產業，去年LED芯片連續幾次漲價對LED電子屏行業及照明市場形成了很大的沖擊，今天初始就傳來LED芯片又一次調價，對LED電子屏下游產業形成了巨大壓力。隨著需求穩定增長，LED電子屏行業(ye)(ye)(ye)(ye)(ye)(ye)供(gong)需(xu)(xu)(xu)關系逐步改善(shan)，近期更(geng)是(shi)出現(xian)產(chan)(chan)品(pin)(pin)密集漲(zhang)(zhang)價(jia)(jia)(jia)事件。業(ye)(ye)(ye)(ye)(ye)(ye)內人士(shi)對中國證(zheng)(zheng)券報記者表(biao)示，不僅是(shi)LED芯(xin)(xin)(xin)(xin)片(pian)在漲(zhang)(zhang)價(jia)(jia)(jia)，LED電(dian)子(zi)屏(ping)等也在漲(zhang)(zhang)。此(ci)前(qian)(qian)廠(chang)商對需(xu)(xu)(xu)求(qiu)預測過于(yu)(yu)保守，從而造成產(chan)(chan)能準備(bei)不足;同時(shi)(shi)，智能化(hua)(hua)產(chan)(chan)品(pin)(pin)拓(tuo)展迅速(su)，對芯(xin)(xin)(xin)(xin)片(pian)LED電(dian)子(zi)屏(ping)等產(chan)(chan)品(pin)(pin)的(de)(de)需(xu)(xu)(xu)求(qiu)大(da)幅增加(jia)。這些因素疊加(jia)，使得供(gong)需(xu)(xu)(xu)矛(mao)盾(dun)加(jia)劇。2016年之前(qian)(qian)，LED芯(xin)(xin)(xin)(xin)片(pian)廠(chang)商紛(fen)(fen)紛(fen)(fen)擴(kuo)大(da)業(ye)(ye)(ye)(ye)(ye)(ye)務，造成產(chan)(chan)能過剩明顯，價(jia)(jia)(jia)格持續快速(su)下滑，使得LED行業(ye)(ye)(ye)(ye)(ye)(ye)發(fa)生劇變。眾多經營不善(shan)的(de)(de)小(xiao)企(qi)業(ye)(ye)(ye)(ye)(ye)(ye)由于(yu)(yu)技術(shu)落后(hou)等原(yuan)(yuan)因，紛(fen)(fen)紛(fen)(fen)減產(chan)(chan)或(huo)者轉型(xing)(xing)，大(da)量(liang)(liang)LED電(dian)子(zi)屏(ping)企(qi)業(ye)(ye)(ye)(ye)(ye)(ye)退出市場;同時(shi)(shi)，國家對MOCVD設備(bei)補貼(tie)力度(du)降低(di)，缺乏(fa)資(zi)金的(de)(de)小(xiao)企(qi)業(ye)(ye)(ye)(ye)(ye)(ye)無力擴(kuo)產(chan)(chan)。海外LED芯(xin)(xin)(xin)(xin)片(pian)廠(chang)商的(de)(de)利(li)潤也都出現(xian)大(da)幅下降，產(chan)(chan)品(pin)(pin)毛利(li)率較低(di)。三安光電(dian)日前(qian)(qian)發(fa)布漲(zhang)(zhang)價(jia)(jia)(jia)通知，上(shang)(shang)調S-30MB/S-32BB系列產(chan)(chan)品(pin)(pin)價(jia)(jia)(jia)格8%，打(da)響了2017年LED芯(xin)(xin)(xin)(xin)片(pian)漲(zhang)(zhang)價(jia)(jia)(jia)**槍。業(ye)(ye)(ye)(ye)(ye)(ye)內人士(shi)表(biao)示，由于(yu)(yu)供(gong)給側(ce)產(chan)(chan)能下降，而需(xu)(xu)(xu)求(qiu)量(liang)(liang)穩(wen)步上(shang)(shang)升(sheng)(sheng)，LED芯(xin)(xin)(xin)(xin)片(pian)在2017年將處于(yu)(yu)供(gong)不應(ying)求(qiu)的(de)(de)局面。廣發(fa)證(zheng)(zheng)券認為，三安光電(dian)的(de)(de)漲(zhang)(zhang)價(jia)(jia)(jia)一(yi)方(fang)面是(shi)成本上(shang)(shang)的(de)(de)原(yuan)(yuan)因;另一(yi)方(fang)面，隨著中小(xiao)廠(chang)商的(de)(de)退出，LED芯(xin)(xin)(xin)(xin)片(pian)行業(ye)(ye)(ye)(ye)(ye)(ye)主(zhu)要集中在幾家大(da)型(xing)(xing)廠(chang)商手中，賣方(fang)地位更(geng)強勢。集中度(du)提升(sheng)(sheng)專家表(biao)示，產(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)經過深度(du)洗牌后(hou)，供(gong)給側(ce)改革比較充(chong)分。從LED上(shang)(shang)游看，集中度(du)加(jia)速(su)提升(sheng)(sheng)，形成較高行業(ye)(ye)(ye)(ye)(ye)(ye)壁壘，扼(e)制無序產(chan)(chan)能擴(kuo)張;同時(shi)(shi)下游應(ying)用(yong)創新驅動(dong)產(chan)(chan)業(ye)(ye)(ye)(ye)(ye)(ye)鏈(lian)發(fa)展。從目前(qian)(qian)情況看，LED電(dian)子(zi)屏(ping)加(jia)速(su)滲(shen)透，LED電(dian)子(zi)屏(ping)智能化(hua)(hua)、網絡(luo)化(hua)(hua)推動(dong)

三(san)安(an)光(guang)電作(zuo)為芯(xin)片(pian)(pian)(pian)環節的(de)(de)龍頭(tou)，是(shi)(shi)國內(nei)**從(cong)事全色系LED芯(xin)片(pian)(pian)(pian)生(sheng)(sheng)產(chan)的(de)(de)企(qi)業。公(gong)(gong)司(si)積極擴(kuo)張產(chan)能(neng)，至2017年(nian)(nian)(nian)年(nian)(nian)(nian)底(di)有望(wang)擁有400臺MOCVD設(she)備。飛利浦(pu)、首爾半(ban)導體、LG、三(san)星、CREE等海外(wai)LED巨頭(tou)已基本停(ting)產(chan)，新(xin)增(zeng)需求外(wai)包給三(san)安(an)，公(gong)(gong)司(si)海外(wai)客戶訂單有望(wang)進一步(bu)提(ti)升。南大(da)光(guang)電公(gong)(gong)司(si)主打產(chan)品(pin)為高(gao)純金屬有機源主要用(yong)于(yu)LED外(wai)延片(pian)(pian)(pian)生(sheng)(sheng)長。2012年(nian)(nian)(nian)公(gong)(gong)司(si)約占全球(qiu)市場份額(e)(e)的(de)(de)20%，國內(nei)市場份額(e)(e)高(gao)達(da)60%。三(san)安(an)光(guang)電公(gong)(gong)司(si)是(shi)(shi)國內(nei)規模(mo)**的(de)(de)全色系超高(gao)亮度LED芯(xin)片(pian)(pian)(pian)生(sheng)(sheng)產(chan)企(qi)業。公(gong)(gong)司(si)目前(qian)前(qian)已形成年(nian)(nian)(nian)產(chan)LED外(wai)延片(pian)(pian)(pian)580萬片(pian)(pian)(pian)、芯(xin)片(pian)(pian)(pian)1280億(yi)粒的(de)(de)生(sheng)(sheng)產(chan)能(neng)力，總產(chan)能(neng)位居****。2013年(nian)(nian)(nian)公(gong)(gong)司(si)將形成年(nian)(nian)(nian)產(chan)LED外(wai)延片(pian)(pian)(pian)1000萬片(pian)(pian)(pian)、芯(xin)片(pian)(pian)(pian)3000億(yi)粒的(de)(de)綜合生(sheng)(sheng)產(chan)規模(mo)。華燦光(guang)電公(gong)(gong)司(si)自設(she)立以來(lai)一直從(cong)事LED外(wai)延片(pian)(pian)(pian)及芯(xin)片(pian)(pian)(pian)的(de)(de)研發、生(sheng)(sheng)產(chan)和(he)銷(xiao)售業務報告期內(nei)，應(ying)用(yong)于(yu)LED電子屏的(de)(de)芯(xin)片(pian)(pian)(pian)銷(xiao)售量(liang)比上年(nian)(nian)(nian)增(zeng)長22.65%，同時(shi)在用(yong)于(yu)白(bai)光(guang)封裝的(de)(de)藍光(guang)芯(xin)片(pian)(pian)(pian)銷(xiao)售規模(mo)上取得(de)重大(da)突破，銷(xiao)量(liang)占比超過10%，同比增(zeng)長1262%

乾(qian)照光(guang)電(dian)(dian)公(gong)司(si)(si)現有(you)8臺(tai)德國(guo)AIXTRON公(gong)司(si)(si)的(de)MOCVD外(wai)延(yan)爐，其(qi)中7臺(tai)用于生產(chan)四元系紅(hong)、黃(huang)光(guang)LED芯(xin)(xin)(xin)片(pian)(pian)(pian)，已(yi)經形成年(nian)(nian)產(chan)近158億(yi)粒芯(xin)(xin)(xin)片(pian)(pian)(pian)的(de)產(chan)能。澳洋順昌(chang)2013年(nian)(nian)6月(yue)，公(gong)司(si)(si)擬以不(bu)低(di)于5.12元/股定(ding)增(zeng)(zeng)不(bu)超過1億(yi)股投資LED外(wai)延(yan)片(pian)(pian)(pian)及(ji)(ji)芯(xin)(xin)(xin)片(pian)(pian)(pian)產(chan)業化項目(mu)。士蘭微2012年(nian)(nian)12月(yue)，公(gong)司(si)(si)全資子公(gong)司(si)(si)士蘭明芯(xin)(xin)(xin)的(de)LED外(wai)延(yan)片(pian)(pian)(pian)產(chan)能已(yi)經提升(sheng)至(zhi)6萬(wan)片(pian)(pian)(pian)/月(yue)，LED管(guan)芯(xin)(xin)(xin)的(de)生產(chan)能力已(yi)提升(sheng)至(zhi)14億(yi)顆(ke)/月(yue)。小(xiao)間距(ju)LED電(dian)(dian)子屏市場(chang)加速爆(bao)發，成為新一輪LED行業增(zeng)(zeng)長(chang)的(de)主要驅動力。據國(guo)信證券測算，到2017年(nian)(nian)年(nian)(nian)底，LED芯(xin)(xin)(xin)片(pian)(pian)(pian)有(you)效(xiao)產(chan)能約(yue)8328萬(wan)片(pian)(pian)(pian)，需求(qiu)(qiu)約(yue)9235萬(wan)片(pian)(pian)(pian)。其(qi)中，LED電(dian)(dian)子屏芯(xin)(xin)(xin)片(pian)(pian)(pian)需求(qiu)(qiu)4704萬(wan)片(pian)(pian)(pian)，同(tong)比增(zeng)(zeng)長(chang)20%;戶外(wai)全彩LED電(dian)(dian)子屏需求(qiu)(qiu)2602萬(wan)片(pian)(pian)(pian)，同(tong)比增(zeng)(zeng)長(chang)5%;戶內小(xiao)間距(ju)需求(qiu)(qiu)102萬(wan)片(pian)(pian)(pian)，同(tong)比增(zeng)(zeng)長(chang)50%;手(shou)機背光(guang)需求(qiu)(qiu)139萬(wan)片(pian)(pian)(pian)，平板電(dian)(dian)腦背光(guang)需求(qiu)(qiu)44萬(wan)片(pian)(pian)(pian)，電(dian)(dian)腦及(ji)(ji)電(dian)(dian)視(shi)機背光(guang)需求(qiu)(qiu)699萬(wan)片(pian)(pian)(pian)，汽車燈具需求(qiu)(qiu)106萬(wan)片(pian)(pian)(pian)。業內人(ren)士認(ren)為，LED芯(xin)(xin)(xin)片(pian)(pian)(pian)產(chan)能仍低(di)于需求(qiu)(qiu)。考慮(lv)到2017年(nian)(nian)需求(qiu)(qiu)穩定(ding)增(zeng)(zeng)長(chang)，LED芯(xin)(xin)(xin)片(pian)(pian)(pian)將處于供不(bu)應求(qiu)(qiu)的(de)狀態。