Since the beginning of the electronics industry , many companies deeper correction . Our key recommendation of the LED and smart home stocks are brisk performance , out of the sharp rise in the stock market. Consumer electronics slowdown, lack of innovation , and LED, smart home, automotive electronics, chip localization big cycle has just started . The current stand point , it is necessary to re-sort the framework of logic and thinking 2014 electronic investment. We believe that technological innovation is the lifeblood of concentrated areas of electronics investment. Throughout the past few years, the electronic market, we believe that its logic is that technological innovation, boost hardware upgrades , which led to explosive growth in user demand . Over the past three years, the intelligent machine is the most intensive scientific and technological innovation terminal . In Apple's push , touch screen , lithium batteries, electro-acoustic and other parts companies have ushered in a golden age of investment. The current stand point , mobile phones, tablet PCs lack of innovation , user penetration is already close to saturation , investors should take a greater effort needs to find the next tipping point . This is also the next two to three of the most important opportunities in the electronics industry lies. Currently , we believe , LED, smart home, automotive electronics, chip localization, civil security are the future of the electronics industry "Hardware Innovation + Flex " areas of concentrated outbreak , very worthy of attention and study. From the downstream demand, the overall demand growth of electronic products is not high. Mobile phone , PC, LCD TV , such as major consumer electronics , for example, its growth rate in the single digits . Increase in the current round of the electronics industry boom will rely more innovation , especially to promote new technologies, new products and new applications. This determines that this rally will occur in the electronics industry division , the focus is to grasp the structural opportunities. We re-emphasize LED sector investment opportunities. With the season approaching the industry , the market is about to begin a new round plate . From a global perspective , LED industry continues to triumph in 2014 , the economy and high prices . We believe that this round will bounce LED industry boom throughout the year , and even into the future LED home lighting penetration rate rising two to three years . Since the beginning of the global LED industry chain company shares were significantly higher, while the A shares related enterprises lagged . We believe the market underestimates the upward after the outbreak of the elastic LED home lighting industry, the short-term correction will usher in the industrial layout golden opportunity . We are optimistic about Sanan Optoelectronics , sun lighting, Foshan Lighting, Jufei industry leading companies such as investment opportunities throughout the year, the proposed focus , actively buying .