The Ministry of Science and Technology of the People’s Republic of China on the 3rd released news on their website that the expert panel discussion over the “LED lighting standard optical component technology and management system” policy is convening in Guangzhou. The policy was first initiated in Guangdong and must go through expert appraisal before being passed.

This hints towards the progression into the promotion stage for the LED standard optical component case. Traditional LED supply chain systems are being replaced by industrial standardization product models. It is hoped long term problems affecting production development such as product standardization, serialization, and compatibility can be smoothed away.  

During the first part of the year, the LED market sales volume increased greatly year-on-year (YOY) with good industrial profit. China Times reported LED manufacturers San’an Optoelectronics, Electech, Nationstar, Kingsun and Cnlight in the first half of the year had a revenue of RMB$ 1.7 billion (US$ 280 million), RMB$ 1.35, RMB$55 million, RMB$ 46 million, and RMB$ 19 million respectively, and YOY growth of 2.13 percent, 10.52 percent, 22.93 percent, 26.78 percent, 8.73 percent respectively. Accordingly, LED industry output for the first half of the year continues to increase with YOY growth of 25 percent, higher than 2012 annual growth of 23 percent.

According to statistical data provided by Wind, the above green energy lighting industries published by China Times had an accumulated institutional ownership total of RMB$3.8 billion shares, among this RMB$ 903 million shares are in funds. That is a 40 percent growth since last year’s RMB$ 65million.