The first meeting of the "G20-LED Summit", which was initiated by the world-renowned industry research and media organization - Gaogong LED, and the global LED industry chain enterprise in the form of membership, was held on August 29, 2011. It was successfully held at the Shanghai International Convention Center.
The summit brought together more than 20 corporate predators in the LED industry at home and abroad. The leaders of the summits discussed in depth the five key issues of LED industry patents, talents, production capacity, standards and market. After these ten days of thinking, exchanges and proposals from the leaders of the G20 member companies, feedback on the opinions and feedback, we respected and integrated the opinions of the leaders, and finally formed the "Shanghai Communique of the First Meeting of the G20-LED Summit".
The communique recorded the insights of the leaders of the first G20 members. It is believed that through such a communique, both the government, the industry, enterprises, and the public have a clearer understanding of the current state of the LED industry and better expectations for the future.
The following is the full text of the Shanghai Communique of the First Meeting of the G20-LED Summit.
2. Overall, the global LED lighting market performance in the first half of this year was not as expected, but continued to grow, LED penetration rate continues to increase. Since the market generally believed that the LED backlight market and its optimistic forecast for the rapid development of general lighting, the large amount of investment into the LED upstream, the number of upstream enterprises increased sharply, resulting in talent shortage and a certain degree of short-term overcapacity. Most of the enterprises in the midstream packaging industry are small in scale. Compared with the initial stage of the industry, the gross profit of the entire packaging industry has declined. Some small and medium-sized packaging companies lacking core technology and stable customers are facing reshuffle. Relatively speaking, the downstream LED lighting application enterprises are generally small in scale. At present, there is still a big gap between the price of LED lighting and traditional lighting. In the early stage, most of the business was concentrated in sales to developed regions such as Europe and the United States; The acceptance of LED lighting is still very low. At present, a large number of inferior LED lighting sources and lighting products on the market are flooding the low-end market, which has greatly damaged the reputation of LED.
The LED industry is experiencing the most critical period of development in history. We all agree that the LED industry needs strong support from the national policy in the short term, and the joint efforts of the whole industry can promote the healthy development of the industry.
The summit brought together more than 20 corporate predators in the LED industry at home and abroad. The leaders of the summits discussed in depth the five key issues of LED industry patents, talents, production capacity, standards and market. After these ten days of thinking, exchanges and proposals from the leaders of the G20 member companies, feedback on the opinions and feedback, we respected and integrated the opinions of the leaders, and finally formed the "Shanghai Communique of the First Meeting of the G20-LED Summit".
The communique recorded the insights of the leaders of the first G20 members. It is believed that through such a communique, both the government, the industry, enterprises, and the public have a clearer understanding of the current state of the LED industry and better expectations for the future.
The following is the full text of the Shanghai Communique of the First Meeting of the G20-LED Summit.
1. The leaders of 20 G20-LED member companies from the global LED industry successfully held this meeting in Shanghai, China on August 29, 2011. The G20-LED Summit is held annually by Gaogong LED and is the most representative high-level conference in the LED industry. This is the first meeting of the 2011 G20-LED Summit (first session).
2. Overall, the global LED lighting market performance in the first half of this year was not as expected, but continued to grow, LED penetration rate continues to increase. Since the market generally believed that the LED backlight market and its optimistic forecast for the rapid development of general lighting, the large amount of investment into the LED upstream, the number of upstream enterprises increased sharply, resulting in talent shortage and a certain degree of short-term overcapacity. Most of the enterprises in the midstream packaging industry are small in scale. Compared with the initial stage of the industry, the gross profit of the entire packaging industry has declined. Some small and medium-sized packaging companies lacking core technology and stable customers are facing reshuffle. Relatively speaking, the downstream LED lighting application enterprises are generally small in scale. At present, there is still a big gap between the price of LED lighting and traditional lighting. In the early stage, most of the business was concentrated in sales to developed regions such as Europe and the United States; The acceptance of LED lighting is still very low. At present, a large number of inferior LED lighting sources and lighting products on the market are flooding the low-end market, which has greatly damaged the reputation of LED.
The LED industry is experiencing the most critical period of development in history. We all agree that the LED industry needs strong support from the national policy in the short term, and the joint efforts of the whole industry can promote the healthy development of the industry.
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