In the last article, LEDinside summarized upstream Chinese LED manufacturers performance during first half of 2014, now it is time to inspect midstream and downstream sectors.

With many LED manufacturers releasing their latest revenue performance in August 2014, LEDinside will now review and rate their performance as “excellent”, “pass” or “fail”.

Intensified market competition in the Chinese market caused local manufacturers to turn their attention to emerging oversea markets. Russia has become a dark horse in China’s LED industry, quickly ascending to second largest export market status in less than one year. In 2013, the country could not even be found among China’s top five LED export markets.

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