Benefiting from the recovery of the LED industry, the market demand is improving, and the LED packaging leaderLinsen(002745) It is expected that the company will achieve in 2021net profit1.1-1.2 billion yuan, a year-on-year increase of nearly three times the highest.
companyexecutiveIt is expected that the packaging business will be full of orders this year, and the capacity utilization rate will remain at a high level; the company is actively planning the mass production and shipment of Mini LED products, and expects to become a new profit growth point for the company in the future.
Profits will hit record highs
It is predicted thatLinsenIn 2021, the vesting company will be realizedshareholderThe net profit is 1.1 billion to 1.2 billion yuan, which is expected to achieve the highest level of profitability in history, a year-on-year increase of 264.55%-297.70%; the net profit after deducting non-deductibles will reach 1.05 billion to 1.15 billion yuan, a year-on-year increase of 279.20%-296.27% , the basic earnings per share is 0.74 yuan / share – 0.81 yuan / share.
LinsenSaid that during the reporting period, the prosperity of the LED industry has recovered, downstream demand has improved, and the sales price and sales volume of the company’s main products have increased; And channels, to achieve steady growth in the profits of LEDVANCE; at the same time, the company has strengthened internal management, insisted on reducing costs and increasing efficiency, and achieved good results.
In the first three quarters of last year, Mulinsen achieved a net profit of 937 million yuan, a year-on-year increase of 36%, and the net profit after deductions increased by 14 times. The highest or achieved 264 million yuan, a decrease from the previous month.
For the response to the impact of the lack of cores in the industry, Mulinsen executives recently acceptedresearchAt the time, the company pointed out that the company purchased chips from Huaian Aoyang Shunchang and Xiamen Development Crystal, which invested and participated in the shareholding, and also purchased chips from Taiwan Epistar,Sanan Optoelectronics、Huacan Optoelectronics、Zhaochi Co., Ltd.Other major chip manufacturers at home and abroad purchase chips to jointly ensure the supply of chips. The increase in upstream chip prices will not affect the company’s normal production and operation activities.
From the perspective of market performance, since the second half of 2021, Mulinsen’s share price has undergone two rounds of adjustment, and has fallen by about 15% from the highest point on September 7 last year.
Layout of new display and energy storage business
As a traditional LED packaging leader, Mulinsen vigorously develops high-end lighting through the acquisition of LED lighting leader LED Vance, with business covering LED packaging, lighting brand business, LED application products and innovation.
accepted by the day beforeInstitutional research, the company executives introduced that on the one hand, Mulinsen has strengthened overseas brand building and channel maintenance, expanded in emerging markets such as Asia-Pacific and Latin America, and increased its market share. On the other hand, Mulinsen fully transferred the overseas high-cost and low-efficiency procurement and manufacturing links to China, and streamlined personnel to reduce costs. At the same time, the company’s existing LED lighting packaging products have been gradually introduced into the supply chain of LEDVANCE, and the layout of the industrial chain has been coordinated with LEDVANCE’s light source business, which makes the cost-effective advantage of LEDVANCE products more prominent.
Since 2021, the domestic LED industry has maintained a high level of prosperity. The company’s executives expect that the packaging business orders will be full this year, and the capacity utilization rate will remain at a high level; the company is actively planning the mass production and shipment of Mini LED products, and expects to become the company’s new profit in the future. growth point.
In the field of Mini LED, Mulinsen has developed a new Mini LED RGB display module manufacturing technology, including Mini LED electrode technology, anisotropic conductive solder technology, hot pressure reflow technology and related supporting equipment, and has accumulated A number of matching invention technologies. In addition, the company’s Mini LED has entered the field of display, and the field of backlight has been connected with business.
In addition to deploying the Mini LED business, Mulinsen also expands the business of plant lighting, air purification and UVC deep ultraviolet disinfection, and also deploys the integrated business of distributed light storage.
In November last year, Mulinsen signed a “Memorandum of Cooperation” with LEDVance and Zhuhai Harmony Excellence Investment Center. The three parties plan to establish a joint venture company, mainly engaged in distributed household and commercial photovoltaic systems and photovoltaic storage integration business overseas. The total investment is 1 billion yuan; then at the end of December last year, Mulinsen disclosed that it planned to establish LEDVance New Energy Co., Ltd. with its subsidiary Shenzhen LEDVance. Among them, Mulinsen held 62.5% of the shares. In the future, the company will be based on the new company. According to the development stage and domestic and overseas market demand, we will make use of and give full play to the resource advantages of the listed company platform to deploy the photovoltaic and energy storage business fields.
(Article Source:securitiesTimes)
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