MLS Lighting Starts 2014 with a Bang with Billion Dollar Order

MLS Lighting signed an order of RMB 1.42 billion (US $232 million) with 44 providential and regional dealers in China on Feb. 22, 2014. 

Just eight months ago on June 12th, 2013, shipments were only ”a bit over  80 million”. MLS has since seen a jump in shipment volumes. 

Lin Jiliang, General Manager of MLS Lighting revealed the company’s conservative 2014 revenue projection of RMB 1.6 billion during an interview with LEDinside. Revenue for the company as a whole is estimated to reach RMB 6 billion, which suggests that the company’s lighting business will make up over 25 percent of overall revenue compared to about 10 percent last year. 

In comparison, LED package manufacturers that have entered the capital market's 2013 financial results have been excellent.

Nationstar revenue for 2013 was RMB 1.14 billion, YoY growth of 20.51 percent; net profit reached RMB 112 million, a YoY increase of 184.49 percent. 

Jufei Optoelectronics revenue in 2013 underwent YoY growth of 52.19 percent to reach  RMB 754 million,; net profit was RMB 131 million, a YoY increase of 43.06 percent. 

Honglitronic 2013 revenue was RMB 736 million, YoY increase of 38.79 percent; net profit was 58.88 million, YoY growth of 24.56 percent. 

Refond Optoelectronics reported 2013 revenue reached RMB 682 million, YoY growth of 36.37 percent; net profit was RMB 56.6 million, YoY growth of 20.78 percent. 

Changfang Light 2013 revenue was RMB 813 million, YoY growth of 42.03 percent; net profit was RMB 29.31 million, YoY drop of 38.37 percent. 

Ledman Optoelectronics revenue was RMB 315 million in 2013, YoY growth of 10.91 percent; net profit was RMB 17.38 million, YoY drop of 23.27 percent. 

Although in early June 2011, MLS’s IPO application was approved by China’s Securities Regulatory Commission, the company did not decide the date of listing. As a package company that has expanded into upstream lighting applications, the company’s growth in the lighting field can be said to be a step ahead of the rest of the industry. 

”Our current focus is on expanding production capacity, recruitment, and adding new equipment. In the future we hope to become fully automated to increase production efficiency and reduce reliance on human labor,” said Lin.      

(Author: Amber Liu, Reporter, LEDinside/ Translator: Leah Allen, Editor, LEDinside)


Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE