LED lighting is the third light source revolution after incandescent and fluorescent lamps. Since January 1, 2014, the best-selling 40-watt and 60-watt incandescent lamps in the US market have stopped selling. After the elimination of incandescent lamps, the United States encourages the use of energy-efficient compact fluorescent lamps, LED lamps and other bulbs with higher energy efficiency. At the same time, in Asia, South Korea, Thailand, and the Philippines have also taken measures to promote the use of energy-saving light bulbs instead of incandescent light bulbs. As countries begin to completely ban incandescent lamps, the replacement of light sources will be fully opened in 2014, and LED lamps are expected to gradually occupy the lighting market. At present, the global LED industry has entered a period of rapid development. In 2013, the global LED market will be 12.4 billion US dollars. In 2020, it will reach a scale of 150 billion US dollars, with a compound growth rate of 42.6%. As one of the world's major LED production and consumption countries, with the gradual advancement of policies and the outbreak of demand, China's LED industry faces significant historical opportunities and will generate huge investment opportunities. Under the general trend of LED lighting, Qilu Securities is optimistic about the long-term investment value of the LED sector. The investment perspective is divided into the following four aspects: First, look at the entire LED sector, with over-value. In the long run, the penetration rate of lighting will accelerate. It is expected that the penetration rate of LED lighting will increase from 10% to 50% in 2013~2016, driving the entire industrial chain of LED lighting into a high boom cycle. Second, the mid- and long-term LED industry chain has the most investment value in the upstream and downstream links: from the lighting industry value chain and development trend, the current LED epitaxial chip profit accounts for about 70%, and the packaging link is about 10~15%, and the application link It is about 10~20%, and it has a very high added value in the front-end chip of the value chain. Third, the short-term configuration has arrived. At present, the LED sector is in place and the purchase point is coming: 1. Taiwan's LED industry data exceeds expectations in January and February; 2. The traditional April-May peak season is coming; 3. The LED sector is expected to be in 2014. In 2015, the revenue growth rate was 50% and 30%. Currently, the corresponding P/E ratio is only 30 times and 21 times. Fourth, the industrial integration is accelerating, and the advantageous enterprises in the segmentation segment have rapid and large investment opportunities. The integration speed of the LED industry has obviously accelerated, and the industrial concentration has gradually increased. The industry chain segmentation leader with core technology advantages, channel advantages, and scale advantages will grow rapidly through extension expansion.

PBL Tube

PBL (Polybutylene terephthalate laminate) plastic tube packaging is a type of packaging that is commonly used in the cosmetics and personal care industries. It consists of a laminate of polybutylene terephthalate (PBT) and aluminum foil, which provides a high barrier to moisture, oxygen, and light. The PBT layer also provides a high level of chemical resistance, making it suitable for a wide range of products.

PBL plastic tube packaging is available in a variety of sizes and shapes, and can be customized with different colors, finishes, and printing options. It is typically used to package products such as creams, lotions, gels, and serums.

Some of the benefits of PBL plastic tube packaging include:

1. High barrier properties: PBL plastic tube packaging provides a high level of protection against moisture, oxygen, and light, which helps to preserve the quality and shelf life of the product.

2. Chemical resistance: The PBT layer in PBL plastic tube packaging provides a high level of chemical resistance, making it suitable for a wide range of products.

3. Customization options: PBL plastic tube packaging can be customized with different colors, finishes, and printing options, allowing brands to create a unique and eye-catching design.

4. Convenience: PBL plastic tube packaging is lightweight and easy to use, making it a convenient option for consumers.

Overall, PBL plastic tube packaging is a versatile and effective packaging option for a wide range of products in the cosmetics and personal care industries.



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