In 2017, the LED industry experienced a dynamic year filled with both challenges and opportunities. The year saw a mix of growth, expansion, acquisitions, and even some bankruptcies. Despite the turbulence, 2017 marked a significant milestone for China's LED industry as it began to embrace internationalization. Companies started expanding their global presence, and the capital market showed increasing interest in this fast-growing sector.
The first half of the year witnessed a price correction in LED products, which led to improved performance for many listed companies. As a result, Chinese LED firms accelerated their overseas acquisition strategies, drawing more attention from investors. This period also saw a surge in IPO activities, with numerous LED companies entering the stock market and creating a wave of listings in the industry.
March was a notable month for several LED companies. Sanxiong Aurora made its debut on the GEM (Growth Enterprise Market) on March 17, raising 1.351 billion yuan through its IPO. The company specializes in LED lighting, traditional lighting, and lighting control systems. Its sales are primarily domestic, with a well-established distribution network in first- and second-tier cities. However, it still has room for growth in third- and fourth-tier cities, as well as in overseas markets and e-commerce.
Debang Lighting also made headlines by listing on the Shanghai Stock Exchange’s main board on March 30. Established in 1996, Debang is a leading supplier of green lighting products, with production bases in Zhejiang and Jiangxi, and R&D centers in Hengdian and Hangzhou. The company has expanded into smart lighting in recent years, further solidifying its position in the market.
April brought more excitement with Guanghao Shares (Guangyi Shares) going public on the Shenzhen Stock Exchange’s GEM. The company has been active in the LED industry for years, producing panel lights, ceiling lamps, and light panels. It works mainly through ODM/OEM partnerships with international brands and also engages in LED packaging, supplying components to major display manufacturers like TPV and Foxconn.
May was another busy month for the LED sector. Tailong Lighting successfully listed on the GEM, becoming the first A-share LED commercial lighting and engineering company. Overclocking III and Shanghai Mingzhi Electric also made their debuts, with the latter focusing on LED intelligent lighting control and drive products, targeting markets in Japan, Europe, and the U.S.
June saw Huashi Technology go public on the Shanghai Stock Exchange’s main board. Known for its urban lighting solutions, the company saw a strong opening day, with its stock rising over 40% on the first day. Jucan Optoelectronics and Huayang Group also joined the list in October, with the former specializing in LED epitaxial chips and the latter operating across multiple sectors including automotive electronics and LED lighting.
November brought Chenfeng Technology to the Shanghai Stock Exchange, while December saw Igor Electric make its mark on the stock exchange. Founded in 1999, Igor is a leader in power component manufacturing, with a strong presence in the LED driver market.
Overall, 2017 was a transformative year for the Chinese LED industry, setting the stage for continued growth and global expansion in the years to come.
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