Mulinsen: Plant lighting business has launched pilot projects in many places

On February 7, Mulinsen revealed to investors the latest developments in LEDVANCE, plant lighting, UVC air purification and energy storage businesses.

It is reported that in recent years, Mulinsen has invested heavily in building lighting brands and channels, building a business system dominated by the LEDVANCE brand, Mulinsen brand and intelligent manufacturing business, and diversified its business layout in MiniLED, plant lighting, air purification business, UV LED, photovoltaic and energy storage.

Regarding the LEDVANCE brand, Mulinsen said that the brand is mainly engaged in lighting brand business overseas. Despite the complicated overseas market environment in recent years, LEDVANCE's revenue has remained relatively stable, and its cost reduction and efficiency improvement actions have achieved certain results. In the first half of 2022, LEDVANCE achieved revenue of 4.779 billion yuan, accounting for 58.9% of MLS's total revenue.

Regarding the future development plan of LEDVANCE, Mulinsen pointed out that in recent years, the company has been focusing on the regional markets of Poland, the Czech Republic and Latin America such as Brazil and Argentina. The domestic and Indian markets are also continuing to advance. In the future, it will continue to explore new markets and new products, while continuing to promote cost reduction and efficiency improvement to improve the company's profitability.

In terms of plant lighting business, Mulinsen revealed that the company has expanded the application of LED spectrum technology to more crops such as wheat grass, barley grass, alfalfa and rice seedlings, and has launched plant lighting pilot projects in many places. In regions such as Xinjiang, Qinghai, Inner Mongolia and Gansu in the north, the company mainly engages in the business of forage shelters and plant factories; in places such as Chengdu and Hunan in the south, the company mainly engages in agricultural machinery business such as rice seedling cultivation. Some projects have signed cooperation orders and achieved product delivery.

In terms of UVC air purifier business, multiple products of Air Purifier Vision, a subsidiary of Mulinsen Company, have been proven to have protective and disinfecting effects on coronavirus. During the Spring Festival, sales of related products were good. Regarding business development in the post-epidemic era, Mulinsen believes that people's requirements for indoor air quality will continue to increase, and UVC products will be more and more widely used in logistics cold chains and medical disinfection, which will have a positive impact on the company's UVC air purification business.

In the field of energy storage other than LED, Mulinsen is actively expanding its overseas household storage business. This business is currently in the early stages of development, and Mulinsen is improving product sales, design, production and other business links. Mulinsen predicts that as the household savings business gradually matures, the overall gross profit margin of the business is expected to be between 20% and 30%.