At present, LED companies continue to develop new businesses, and "cross-border" has become a hot vocabulary, including companies above designated size such as Op, NVC, Sanxiong Aurora, Mingjiahui, etc., and almost all of them continue to extend their product lines. Among them, OP is mainly expanding into the pan-home furnishing field, and in early 2021, it has jointly invested and established a subsidiary with Poly Real Estate to expand the drying rack business; Mingjiahui is planning to acquire Aitewei, if subsequent acquisitions are successful, Mingjiahui’s original lighting project The business remains unchanged, and the chip business will be added.
And Mulinsen (002745) also said recently that in the future, it will use photovoltaic and energy storage as a strategic business to look for new profit growth points.
The global consensus on “carbon neutrality” brings opportunities for rapid growth in the solar market
In order to cope with the risks of climate change and promote sustainable development, more than two-thirds of the world's economies have announced the goal of "carbon neutrality". At present, the international community has basically reached a consensus on coping with global climate change through emission reduction and carbon reduction, and "carbon neutrality" has become an inevitable choice for coping with global climate change.
Among them, China has proposed that carbon emissions reach a peak before 2030 and achieve carbon neutrality by 2060; the European Union has successively announced new energy development measures such as the "EU Green Agreement" and the offshore renewable energy strategy; the United States New One The current government announced its return to the "Paris Agreement", set a goal of zero-emission vehicle sales accounting for 50% of total new vehicle sales by 2030, and pledged to achieve carbon neutrality by 2050.
In this context, as an important area of carbon emission reduction, the transition to new energy in the power generation industry and industrial production is the general trend.
On the one hand, in the power generation industry, the proportion of new energy power generation such as photovoltaics and wind power will increase rapidly, and energy storage as an important supporting facility will also usher in rapid growth, low-cost, long-life, high-safety, high-energy-density energy storage Technology will be the development goal of the energy storage industry;
On the other hand, in the field of industrial production, currently mainly relying on coal, oil, and natural gas for energy supply, in order to achieve carbon emission reduction, the application scenarios of electrification in industrial production will continue to increase. As the development trend of clean energy in the whole society becomes clearer, the energy storage industry will usher in a broad space for development.
In line with "carbon neutrality", Mulinsen actively deploys photovoltaics and energy storage
When replying to investors’ questions on December 24, Mu Linsen said frankly that the company is very optimistic about the development prospects of the photovoltaic energy storage industry. Under the background of "carbon peak and carbon neutral", it uses advanced energy storage technology to achieve peak reduction and fill. It has important economic and social significance to reduce the use of electrical power and ensure production. The global photovoltaic and energy storage market has huge space.
Currently, Mulinsen is actively deploying photovoltaic and energy storage businesses.
On the evening of December 28, Mulinsen issued an announcement stating that the company held the 24th meeting of the fourth board of directors on December 28, at which the "Proposal on Foreign Investment" was reviewed and approved, and the company and its subsidiary Landevan Operation Management (Shenzhen) Co., Ltd. (hereinafter referred to as "Shenzhen Landvance") will establish a holding subsidiary Landvance New Energy Co., Ltd. (tentatively named as the final approved name by the industry and commerce department due to the needs of business development Shall prevail, hereinafter referred to as "Landvance New Energy") matters.
It is reported that Landvance New Energy has a registered capital of 300 million yuan, of which Mulinsen subscribed 187.5 million yuan, accounting for 62.50%, and Shenzhen Landvance subscribed 112.5 million yuan, accounting for 37.50%.
Mulinsen pointed out that in order to comply with the trend of “carbon neutrality and carbon peaking”, the company will give full play to the advantages and influence of the Landvance brand as the world’s top two international general lighting brand. Landvance is present in more than 50 countries around the world. There are legal entities and sales networks in regions and regions, and business channels cover more than 140 countries and regions around the world. From the perspective of brand influence and channels, they have a good foundation for business development. In the future, the company will deploy photovoltaic and energy storage business areas based on the development stage of the new company and the needs of the domestic and overseas markets, leveraging and leveraging the resource advantages of the listed company's platform.
In fact, this is the second time that Mu Linsen has invested in photovoltaics and energy storage this month.
On December 1, Mulinsen issued a "Announcement on Signing a Memorandum of Cooperation with Related Parties." According to the announcement, Mulinsen, Shenzhen Landvance and Zhuhai Harmony Excellence Investment Center (Limited Partnership) (hereinafter referred to as "Harmony Excellence") signed the "Memorandum of Cooperation" on November 30, 2021.
The memorandum pointed out that Mulinsen plans to give full play to the company’s wholly-owned subsidiary LEDVANCE GmbH and Shenzhen Landvance’s existing overseas sales channels. The company will be jointly funded by Mulinsen, Shenzhen Landvance and Harmony Excellence or its designated parties to establish the company LEDVANCE ENERGY. SOLUTIONS CHINA is mainly engaged in the business of distributed household and commercial photovoltaic systems and photovoltaic storage integration overseas. Its business scope includes the research and development, design, manufacturing, sales and service of related products. The total investment in the first phase of the project is planned to be RMB 1 billion.
It can be seen that through the establishment of Landvance New Energy and LEDVANCE ENERGY SOLUTIONS CHINA, Mulinsen is expected to promote photovoltaic and energy storage business to the world in the future, and Mulinsen will also expand its business areas and profitability based on the LED industry. And comprehensive competitive strength will be further improved.
The ultimate interpretation of the LED track, the continuous layout of the photovoltaic energy storage business
From an obscure small factory to a leader in LED packaging, and from the packaging business to the LED lighting finished product market, Mulinsen's development path is very inspirational.
At present, Mulinsen has built a comprehensive platform for the integration of upstream and downstream industrial chains in the LED field. It has world-class lighting brand Osram general lighting brand "Landvance" and domestic lighting brand "Mulinsen", with sales channels covering more than 140 countries around the world.
In the past two years, the external market environment has become complex and changeable, and the profit rate of the traditional LED industry has gradually decreased. Mulinsen is also seeking to change and achieve a multi-point layout. In the future, Mulinsen will follow the technological upgrade trend of the LED industry, focusing on the layout and development of MiniLED direct display and backlighting businesses; and in emerging business areas, Mulinsen has extensively deployed plant lighting, air purification and UVC deep ultraviolet disinfection businesses.
Among them, the plant lighting business has achieved an integrated layout of production and research, and is expected to achieve rapid development in the future.
In terms of research and development, Mulinsen signed a "Project Cooperation Agreement" with the Center for Excellence in Molecular Plant Science of the Chinese Academy of Sciences and the Institute of Urban Agriculture of the Chinese Academy of Agricultural Sciences in August and September 2021, respectively, to deploy plant lighting projects in the pasture field such as alfalfa;
In terms of products, the company's plant growth chamber has been mass-produced and gradually promoted. Subsidiary Kuitun Mulin Senguang Biotechnology and Tianxing Animal Husbandry signed a plant growth chamber equipment procurement contract on September 26, with a total contract value of 160 million yuan.
As for MiniLED, Mulinsen has successfully developed a new MiniLED RGB display module manufacturing technology. At the same time, Mulinsen also cooperated with well-known universities to successfully develop a technical solution and anisotropic conductive soldering process that can solve the problem of short-circuit between the positive and negative electrodes of MiniLED. At present, Mulinsen's MiniLED products have entered the display field, and the MiniLED backlight business has also been in business docking.
Mulinsen has achieved the ultimate layout in the LED field. Combined with the recent in-depth layout in the photovoltaic market, Mulinsen is carrying out a far-reaching cross-border layout.
The photovoltaic and energy storage business is different from the LED business. The former is mainly project-based, and Mulinsen will face many new challenges in entering the photovoltaic and energy storage business. However, Landvance's sales network and business channels are all over the world, and its brand influence and channels are conducive to Mulinsen's promotion of energy storage business, and Mulinsen will be a strong driving force for future performance growth.
