At present, many executives of listed companies and several fund managers agree that the new round of industry mergers and acquisitions is different from the capacity expansion in previous years. This round of mergers and acquisitions is relatively rational, the leading forces are industry leading enterprises, and the differentiated competition situation is obvious, and the industry will enter the "post-competition era."
Statistical data from CSA Research shows that from January to June 2014, LED lighting companies in mainland China completed 11 M&A transactions, with a total transaction amount of approximately 3.5 billion yuan, and the average capital size of each case was approximately 300 million yuan.

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