Mulinsen: M&A LEDVANCE Completes The Whole Industrial Chain Layout To Achieve LED Integration
May 05, 2018

In the first quarter of 2018, the turnover of Mulinsen increased 31.70% year-on-year, and the net profit attributable to the mother was 24.94% year-on-year, basically in line with expectations.

In the first quarter of 2018, the company's revenue was 2.023 billion yuan, a year-on-year increase of 31.70%, net profit attributable to the mother was 166 million yuan, a year-on-year increase of 24.94%, net profit attributable to non-return to the home was -0.14 billion yuan, and gross profit margin was 13.69%. The year-on-year decrease was 11.27 pct, and the net interest rate was 8.15%, which was basically the same as the same period of last year.

Mulinsen expects net profit for January-June 2018 to be between RMB 330 million and RMB 450 million, a year-on-year increase of approximately 7.80%-47.00%.

It is worth mentioning that in 2017, Mulinsen has been promoted to the world's fourth largest packaging plant. At the same time, since April of this year, LEDVANCE 100% equity has been transferred to the name of Mulinsen, and Mulinsen has become the integrated aircraft carrier of the LED industry chain.

Through LEDVANCE's double-hundred-year brand awareness, the company has won important bids in the Indian market, and successfully explored the global sales region, from 120 countries to 140 countries. The integration of synergies has shown good momentum, and LEDVANCE’s LED business in fiscal year 2018 is expected to exceed 60%.

At the same time, the company continues to strengthen the supporting capabilities of the entire industry chain and build a global LED integration aircraft carrier. The upstream strategic alliance LED chip leader, including Australia, Huacan, Crystal, etc., to ensure the safety of chip supply, increase the technical investment in IC packaging and smart manufacturing production center.

The downstream continued to vigorously expand the lighting industry, and accelerated the completion of the lighting implementation and distribution of sales outlets in Yiwu and Xinyu.

The profit for the first half of the year is expected to increase by 7.80% to 47.00% year-on-year. Considering LEDVANCE consolidation, it is expected that the net profit for the period from 2018 to 2020 will be approximately 9.77/13.80/1933 billion yuan.

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