Net profit in the first quarter increased by 24.94% year-on-year. What is the performance of Mu Linsen in the first half?

Since entering April, various LED listed companies have released the first quarterly report of 2018. On April 25, Mulinsen (002745), a leading LED packaging company in China, also released the first quarterly report for 2018.

According to the report, Mulinsen achieved operating income of 2.023 billion yuan in the first quarter of 2018, an increase of 31.70% over the same period of last year; net profit attributable to shareholders of listed companies was 166 million yuan, an increase of 24.94% over the same period of last year.

Mulinsen said that the first quarter performance growth was mainly affected by two aspects. First, the price of major products is stable, and the layout of the entire industry chain effectively controls costs. Second, the newly added capacity of the fundraising project was gradually released, and the scale effect was significantly improved, which led to a further decline in the unit cost of the product and a steady increase in the market share.

The net profit in the first quarter increased rapidly. What was the performance in the past six months? In the 2018 semi-annual performance forecast, Mulinsen expects that the net profit attributable to shareholders of listed companies from January to June 2018 will be between RMB 330 million and RMB 450 million, a year-on-year change of 7.80% to 47.00%.

For the pre-growth of semi-annual net profit, Mulinsen said that the main reason is that the company's production and operation is stable, the production capacity is gradually released, and the performance has maintained steady growth.

It is undeniable that Mulinsen's performance can maintain steady growth, naturally it is inseparable from years of accumulation and precipitation.

It is understood that in the field of LED packaging and application, Mulinsen has achieved a series of technical achievements through independent research and development, and established a good brand image in the industry with strong influence. After years of technology and product innovation, Mulinsen and its subsidiaries have nearly 400 patents granted.

Up to now, Mulinsen's LED packaging products have been at the domestic leading level in technology and have corresponding independent intellectual property rights.

Of course, in addition to continuous efforts in independent research and development, Mulinsen is also very advantageous in terms of strategic planning and business planning. Therefore, to a certain extent, Mulinsen's first-quarter results can achieve excellent results, and can not do without the strategic plan of 2018.

Gaogong LED consulted Mulinsen's 2017 financial report and found that Mulinsen will continue to focus on the main business in 2018, continue to innovate, increase product research and development efforts; complete the company's mergers and acquisitions and restructuring business, promote the linkage development of domestic and foreign market business, and rely on various types of finance Service and capital platform, grasp the development opportunities of the industry, and build Mulinsen into an internationally competitive LED manufacturing enterprise integrating LED chip production, packaging and application lighting products.

The specific business objectives are as follows:

(1) Completion of major asset restructuring, integration of acquired LEDVANCE assets, active use of OSRAM brand and business synergies, expansion of the company's estuary, and rapid opening of the global market.

(2) With the help of various financial services and capital platforms, the upstream and high-quality assets such as production chips will be merged and reorganized, and the company will become an industry leading enterprise with the entire industrial chain of LEDs, middle and downstream.

(3) Make full use of the company's large-scale production and customer resource advantages, accelerate the production and sales of LED lighting components, and form a production system with leading technology, cost saving and diversified product series, thereby increasing the company's profitability and enhancing The company's market competitiveness.

(4) Further strengthen the construction of sales channels, build a nationwide, efficient and fast LED sales network, consolidate the company's market position, form a product development and technological innovation system with strong competitiveness, efficient and reasonable and low-cost manufacturing. The system and the vast marketing network system. Actively expand overseas markets and focus on expanding the North American market.

(5) In the future, we will increase investment in IC packaging and intelligent manufacturing production centers, realize sustainable development of the company with technological innovation, and accelerate related preparatory work.

All in all, it is no accident that Mulinsen can develop into an internationally competitive LED manufacturer. We have always insisted on the high level of automated production brought by R&D, the management brought by large-scale procurement and production, the high bargaining power brought by the enrichment of downstream products, and the layout of the whole industry, which makes Mulinsen's core competitiveness, cost control and technology development. The ability has been further strengthened, and the development has been steady and rising.

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