Mulinsen: Major supplier of domestic LED packaging and application products

LED packaging company is the major supplier of products and applications

the predecessor company was first established in March 1997, the company since its inception has focused on LED packaging and application products development, production and sales operations. The company's products are widely used in household electronics, lighting, landscape lighting, traffic signals, flat panel display and lighting engineering, etc., is the main supplier of LED packaging and application products in China.

The rapid development of LED industry, the rapid development of the industry scale has been too large

China's LED industry, the period 2007 to 2013, including chips, LED packaging and application, including the overall production value increased from 48.3 billion yuan to 2,576 100 million yuan, the average annual compound growth rate of up to 32.2%. It is estimated that by 2017, the scale of China's LED market will reach 748.5 billion yuan, with a compound annual growth rate of nearly 31.5%. The LED packaging industry has also followed the rapid development of the LED industry. In 2013, the output value of LED packaging increased by 25.9% compared with the previous year, reaching 40.3 billion yuan.

Steady and rapid revenue growth, gross margins at a reasonable level

company in recent years business has developed rapidly, 2010 - The 2013 revenue growth were 78.52%, 56.31%, 40.20% and 60.94%. With the large-scale production and the accelerated popularization of LED products, the company's main product unit price and unit cost have decreased at a matching rate. The company's gross profit margin has remained relatively stable and reasonable range fluctuations, and the gross profit margin level is comparable to comparable listed companies. quite.