LED lighting products accelerate the decline in prices, coupled with the durability and energy-saving features, LED bulbs have a substantial cost saving lamps win. Coupled with the implementation of the national policy to phase out incandescent, LED lighting market is starting. Philips, Osram and other international companies have increased efforts to promote sales of LED lighting products. According to Digitimes predicted that in 2014 the global LED lighting output value will reach 350-400 billion. Our downstream applications and channels has obvious home advantage, midstream packaging capacity also has China transferred upstream chip proportion is not high, but the technology is breaking barriers of scale. We are optimistic about LED lighting market brought about the outbreak three years of rapid growth, full domestic chip, package, and application channels will benefit. LED lighting product prices continued to decline, the international brand manufacturers to replace 40W bulb LED products has been reduced to $ 10 "sweet spot" of the following, the domestic manufacturers of the products also dropped to 30 yuan, while the common brand of LED bulbs has dropped 12-20 million, consistent with the energy-saving lamps. Coupled with the durable and energy-saving features, LED bulbs have a substantial cost saving lamps win. Earlier this year, the United States began to implement plans to phase out incandescent lamps, LED lighting market trigger outbreaks. Philips, Osram and other international companies have increased efforts to promote sales of LED lighting products. According to Digitimes predicted that in 2014 the global LED lighting output value will reach 350-400 billion. Domestic LED chip, package, and the whole industry chain downstream applications also driven by the lighting market, a big increase over last year. Since 2014, the industry continued to pick up the data, the index of leading manufacturers sufficient confidence in the market outlook, while the existing capacity from the previous month cautious stocks are also in the process of going, we believe that although the growth rate dropped compared to last year, but the slow recovery of the same trends in the industry. Outlook 2014 second half, consumer electronics new product launches, innovations in intelligent terminal micro, wearable devices will bring investment opportunities in popularity; LED lighting market broke out, the whole industry chain full orders, performance improvement is also of concern.