The UN Climate Change Conference in Copenhagen closed at the end of last year. Even though leaders and ministers failed to reach a consensus on emission reduction targets and funding scales for developing countries, the market has always turned its attention to green. Economically, it is considered to be the general trend of global development; among them, LED new light source technology is regarded as a major development advantage of the country. It is estimated that the value of the entire industry will exceed 100 billion yuan this year, bringing business opportunities to related enterprises.
As the stock of non-renewable resources is declining and pollution is brought about, the ecological environment is seriously affected, and the market focus is gradually shifted to the development of renewable clean energy and the investment opportunities created by the green economy. The industry believes that new energy is playing a very important role in the low-carbon economy, and LED technology is expected to become a key area of ​​the country.
Qi Jun, deputy secretary-general of the National Semiconductor Lighting Engineering R&D and Industry Alliance, has stated clearly that with the advantages of abundant resources and strong market demand, it is believed that the mainland LED industry will achieve the goal of becoming one of the top three in the world. He also expects that by 2012, the technical level of the LED industry in the mainland can reach 120 lumens per watt, and in 2015 it will further increase to 150 lumens per watt. By then, the market share of lighting will reach 20%. It is expected that the central government will continue to promote LED lighting. Including the NDRC intends to include LED lighting in the scope of subsidies during the year, and provide subsidies for local governments to set up LED street lights. Some insiders even estimate that the LED industry will exceed 100 billion yuan in the year.
In fact, as early as the beginning of 2008, China Trend Holdings Co., Ltd. ("China Trend", stock code: 08171.HK) has been aware of the development opportunities of the new light source project, and is keen to set foot in new LED technology and related products business, the main development to LED new A series of light source consumer electronics solutions, products can be widely used in home entertainment, digital education, e-sports, environmental lighting and other fields.
It is worth noting that China Trends has completed the acquisition of Legend Century Investments Limited (LCIL) at the end of the previous year. LCIL and its subsidiaries will formally become wholly-owned subsidiaries of China Trends and will be principally engaged in LED/LCD solutions and media business. Set target customers to Internet cafes, schools, hotels and enterprises.
In fact, as early as July 2008, LCIL entered into a cooperation framework agreement with another Hong Kong listed company, Zhongqing Foundation Group Co., Ltd. (01182.hk), which developed a computer game competition for 30,000 Internet cafes operated by Zhongqing Foundation. And LCIL provides LEDLCD-NC to Internet cafes, while Zhongqing Foundation provides computer software. In the future, China Trends plans to further develop its development goals for new energy, new light sources and new materials through its subsidiaries.
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