Benefiting from the recovery of the LED industry and the improvement of market demand, the LED packaging leader Mls Co.Ltd(002745) (002745) is expected to realize a net profit of 1.1-1.2 billion yuan in 2021, with a year-on-year increase of nearly three times.
Company executives expect that this year’s packaging business orders will be full and the capacity utilization rate will remain at a high level; The company actively plans the mass production and shipment of mini LED products and looks forward to becoming a new profit growth point of the company in the future.
profits will reach a new high
It is predicted that in Mls Co.Ltd(002745) 2021, the net profit attributable to the shareholders of the company will reach 1.1 billion yuan to 1.2 billion yuan, which is expected to achieve the highest profit level in history, with a year-on-year increase of 264.55% – 297.70%; After deducting non profits, the net profit will reach 1.05 billion yuan to 1.15 billion yuan, with a year-on-year increase of 279.20% – 296.27%, and the basic earnings per share will be 0.74 yuan / share – 0.81 yuan / share.
Mls Co.Ltd(002745) said that during the reporting period, the prosperity of the LED industry recovered, the downstream demand improved, and the sales price and sales volume of the company’s main products increased; In addition, the company’s acquired landvance achieved remarkable operational results, and achieved steady growth in landvance’s profits through continuous upgrading of products and integration of brands and channels; At the same time, the company strengthened internal management, adhered to cost reduction and efficiency increase, and achieved good results.
In the first three quarters of last year, Mls Co.Ltd(002745) achieved a net profit of 937 million yuan, a year-on-year increase of 36%, and the net profit after deduction increased by 14 times year-on-year. Among them, the net profit in the third quarter was 290 million yuan, which means that the company’s net profit in the fourth quarter of last year was the highest or 264 million yuan, down from the previous quarter.
In response to the impact of the lack of core in the industry, Mls Co.Ltd(002745) executives pointed out in a recent survey that the company purchased chips from Huaian, Aoyang, Shunchang and Xiamen, and also purchased chips from Taiwan Jingdian, Sanan Optoelectronics Co.Ltd(600703) , Hc Semitek Corporation(300323) , Shenzhen Mtc Co.Ltd(002429) and other major chip manufacturers outside China to jointly ensure chip supply, The price rise of upstream chips will not affect the normal production and operation activities of the company.
In terms of market performance, since the second half of 2021, Mls Co.Ltd(002745) share price has experienced two rounds of adjustment, with a cumulative decline of about 15% from the highest level on September 7 last year.
layout new display and energy storage business
As a leader in traditional LED packaging, Mls Co.Ltd(002745) has vigorously developed high-end lighting through the acquisition of LED lighting leader landvance, covering LED packaging, lighting brand business, LED application products and innovation.
In a recent institutional survey, senior executives of the company introduced that on the one hand, Mls Co.Ltd(002745) strengthen overseas brand construction and channel maintenance, expand in emerging markets such as Asia Pacific and Latin America, increase the share of emerging markets, and take advantage of the continuous promotion of new infrastructure in Europe and America and the improvement of overseas led penetration to improve the market share in Europe and America; On the other hand, Mls Co.Ltd(002745) comprehensively transferred overseas high-cost and inefficient procurement and manufacturing links to China, streamlined personnel and reduced costs. At the same time, the company’s existing LED lighting packaging products are gradually introduced into the supply chain of landvance to realize the layout coordination of the industrial chain with the light source business of landvance, so as to highlight the cost performance advantages of landvance products.
Since 2021, China’s LED industry has maintained a high momentum. The company’s executives expect that this year’s packaging business orders will be full and the capacity utilization rate will remain at a high level; The company actively plans the mass production and shipment of mini LED products and looks forward to becoming a new profit growth point of the company in the future.
In the field of mini led, Mls Co.Ltd(002745) has developed a new manufacturing technology of mini led RGB display module, including mini LED electrode technology, anisotropic conductive solder technology, hot pressing reflow process technology and related supporting equipment, and has accumulated a number of matching invention technologies. In addition, the company’s Mini LED has entered the display field, and the backlight field has been connected in business.
In addition to the layout of mini led business, Mls Co.Ltd(002745) also expanded plant lighting, air purification and UVC deep UV killing business, as well as distributed optical storage integration business.
In November last year, Mls Co.Ltd(002745) signed a memorandum of cooperation with landvance and Zhuhai harmony excellence investment center. The three parties intend to establish a joint venture to mainly engage in the integrated business of distributed household and commercial photovoltaic systems and optical storage overseas. The total investment in the first phase is planned to be 1 billion yuan; Then at the end of December last year, Mls Co.Ltd(002745) disclosed that it planned to establish landvance new energy Co., Ltd. with its subsidiary Shenzhen landvance, of which Mls Co.Ltd(002745) held 62.5%. In the future, the company will layout the photovoltaic and energy storage business fields with the help of and give full play to the resource advantages of the platform of listed companies according to the development stage of the new company and the market demand at home and abroad.
