Successfully participated in the acquisition of Osram's light source business, Landewans; plans to invest a total of 5.5 billion yuan in the construction of 600 acres of LED lighting products production base in Yiwu, Zhejiang; to obtain 80% of the shares of Super Time Light Source; the dealer conference held in the country is also a frequent news. In 2016, Mulinsen's scale expansion also achieved good performance.
In 2016, Mulinsen's operating performance has increased significantly, its profitability has continued to increase, and its operating conditions are good. In 2016, the total operating income was 5.52 billion yuan, an increase of 42.22% over the same period of the previous year; the operating profit was 579 million yuan, an increase of 114.06% over the same period of the previous year; the net profit attributable to listed companies was 473 million yuan, an increase of 85.16% over the same period of the previous year.
Mulinsen completed a “cross-level jump†of 3 billion to 5 billion in one year.
As early as January 18 this year, Op Lighting released the 2016 annual performance report, achieving a total operating income of 5.477 billion yuan in 2016, an increase of 22.55% compared with 2015, and Mulinsen surpassed Op Lighting in 43.857 million yuan. Among the domestic LED lighting companies with annual performance, Mulinsen temporarily ranked first.
Mu Linsen said that as the price of LED lighting products stabilized, the production capacity of Mulinsen's fundraising project was gradually released, and the scale effect was significantly improved, which led to a further decline in the unit cost of the products. The market competitiveness of Mulinsen products continued to increase and the market share continued to expand. .
In addition, in 2016, it successfully completed non-public offering of shares, the gradual construction of fundraising projects, increased investment in production equipment and related fixed assets, and the expansion of asset size and marketing scale.
As a company in the fast-growing period, Mulinsen's advantage lies in the LED packaging market. As the scale of the company expands, the company's layout begins to extend to the upstream chip field and downstream terminal applications of the LED industry.
Mulinsen's acquisition of Osram's lighting business will accelerate the scale of its LED industry chain. After the successful acquisition, Mulinsen will expand its overseas lighting business by virtue of the channel business and brand image of multinational giant Osram, and further extend the industrial chain to the downstream, and the terminal marketing market, especially the European and American markets, will be improved.
The long-term goal is to consolidate its position as the world's largest LED manufacturer. In addition, in the announcement on December 21 last year, Mulinsen announced that it plans to invest 500 million yuan to increase capital of Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. to increase the company's upstream extension to the LED industry chain.
As of now, Sanan Optoelectronics has not announced its 2016 annual results.
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