Over 80 percent of Chinese LED companies have reported good profits in first half of 2014, according to data compiled by Shanghai Securities News.

Despite China’s blooming LED industry, many LED manufacturers will be eliminated from the market, according to a report by Yicai.com.

The Chinese LED industry restructure is only starting as product prices fall dramatically, a Nandu.com report cited Elec-Tech International (ETI) Chairman Donglei Wang saying at the recent 2014 Guangzhou International Lighting Show.