The packaging industry is absolutely leading the interpretation of Mulinsen's first quarterly report for 2016

On the evening of April 28, Mulinsen disclosed the first quarterly report for 2016. The report showed that in the first quarter, the company realized operating income of 819,708,300 yuan, an increase of 9.15% year-on-year; the net profit attributable to shareholders of listed companies was 50,046,300 yuan. The year-on-year decline was 45.32%. Mulinsen said that the reason for the decline in net profit in the first quarter compared with the same period of last year was mainly due to the decline in gross profit margin. It is estimated that the profit for the first half of 2016 will be 150 million. Mr. Mu Linsen expects the net profit to be attributed to shareholders of listed companies from January to June 2016 to be between RMB 1,350 and RMB 150 million. The reason for the change in performance is that since the second half of 2015, the price of the LED industry chain (upstream epitaxial chips, midstream packaging and downstream applications) has generally declined compared with the previous year. In the second half of 2015, the company's lighting products and components have a large decline in unit price, resulting in lower product gross profit. In the first half of 2016, as the price of the product stabilized and the cost decreased, the gross profit will gradually pick up. Mu Linsen Co., Ltd.'s strong competitive advantage and brand effect in the first quarter of 2016 Since its establishment, Mulinsen has formed its own strong market competitive advantage after a long period of development and accumulation: the advantages of technology research and development drive the innovation of production technology and enhance products. Market competitiveness; large-scale production advantage, enhance brand market influence; rich product series, LED downstream application market is broad, improve market share; diversified sales channels and customer resource advantages; excellent product quality, establish brand image. In 2015, Mulinsen actively participated in well-known exhibitions at home and abroad. Through the appearance of well-known exhibitions at home and abroad, Mulinsen lighting brand was widely recognized in domestic and foreign markets and consumers. At the same time, we will continue to expand domestic sales channels, and through the opening of the theme of good lighting in thousands of cities in China's large cities and second-tier cities, Wandian Qili win the peak season and other dealer conferences, and positive interaction with dealers and consumers, improved The exposure, popularity and reputation of the company's brand. As of December 31, 2015, the number of core distributors nationwide has reached 1,777, with more than 23,000 distributors and 880 specialty stores and specialty stores. It is reported that in 2016, Mu Linsen will speed up the construction of two production bases in Xinyu and Ji'an, Jiangxi, and take market demand as the guide to improve the market share of products. Actively promote the work of non-public offering of shares, raise funds for development, ensure the realization of the company's development strategy, and ensure the company's sustained, stable and healthy development. At the same time, strengthen brand building, strive to enhance the brand effect, enhance profitability and core competitiveness.

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