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The contract stipulates that Zijin Mining Headquarters, subsidiaries within the whole group, and branches will carry out energy-saving lighting renovation, which is implemented by Anxin Energy in the contract energy management mode. The LED lighting products needed for energy-saving lighting renovation are provided by Sanan Optoelectronics; The procurement of LED lighting products within two years (up to three years) shall not be less than RMB 300 million. According to the situation of Zijin Mining's energy-saving renovation project, the quantity and amount of purchase may be added.
The company said that this cooperation is an infiltration of the company's previous application products, in line with the national energy conservation and emission reduction call, the development of the LED industry and the company's development goals. The contract performance will have an impact on the company's sales revenue and performance in the next two years (up to three years).
Driven by the constant decline in prices and the continuous improvement of quality, the overall industry has reached a time of massive outbreak. According to a report released by the High-Tech LED Research Institute (GLII), the overall output value of the LED industry will increase by about 20% in the fourth quarter of this year, while the annual output value of LED indoor lighting will increase by 110% year-on-year. It is expected that by next year, the growth rate of output value will remain at around 60%.
Analysts said that in the field of street lamps, LED street lights have become the mainstream choice for new projects, and the future will completely replace the trend of high-pressure sodium lamps. In the field of commercial lighting, LED penetration rate has increased rapidly. From the perspective of development in recent years, commercial lighting has not only become the primary market for LED manufacturers to actively attack, but also one of the main sources of power for the growth of LED lighting market in the next few years. In the field of home lighting, the penetration rate of the European and American markets has reached a rapid increase. In China, with the improvement of cost performance and consumer awareness of energy conservation and environmental protection, LED has become the first choice for many users' housing renovation.
With the improvement of chip light efficiency, packaging method and scale effect, the price drop of LED lamps will continue. It is expected that domestic home lighting will also explode on a large scale next year, and the LED lighting era is coming soon. As the world leader in LED chips, Sanan Optoelectronics will become the most beneficial target in the era of LED lighting.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves. 
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Sanan won 300 million LED lighting contracts into the LED lighting era
Sanan Optoelectronics (600703) announced on the evening of December 25 that the company signed a Cooperation Framework Agreement with Zijin Mining (601899) and Fujian Anxin Contract Energy Management Co., Ltd. (referred to as “Anxin Energyâ€) on the 24th.