With the continuous emergence and development of smart city, telecommuting and other emerging application fields, good market space has been created for the LED industry, while the industry competition has been further intensified. At present, high-quality local LED enterprises are expected to accumulate and prosper, give full play to their industrial chain layout and product accumulation advantages, and seize more market shares. In A-shares, such as Lehman Optoelectronics and Wanrun Technology, etc., all make great efforts in industrial chain layout. Among them, Lehman Optoelectronics mainly focuses on Micro LED field and is an LED display enterprise covering the middle and downstream of the industry, with strong core competitiveness.

In 2019, due to the double impact of the global economic downturn and trade frictions, the overall growth rate of the LED market slowed down and the industry became more competitive. However, the rise of the Internet of Things, cloud computing, big data and other new generation of information technologies further expands the application scope of the new display industry and presents a diversified development pattern. In recent years, the relevant departments of the state have issued a series of relevant policies to support the development of the panel industry, done the top-level design, standardized layout, dynamic adjustment, and played an important role in guiding and promoting the high-quality development of China's new display industry.

In this context, opportunities and challenges coexist in China's LED display industry, and domestic listed companies have been practicing their internal skills to constantly improve the company's core competitiveness. The industry believes that enterprises with a complete industrial chain have obvious competitive advantages in both cost and efficiency, and are expected to occupy more market shares. For example, wanrun Technology, a listed company, is a provider of medium and high-end LED light source device packaging and LED lighting products integrating r&d, design, production and sales. Its main products can be divided into LED light source devices and LED lighting products two categories.