On January 4, Mulinsen announced that he had recently received the National Development and Reform Commission (hereinafter referred to as the “National Development and Reform Commissionâ€) “Reply from the National Development and Reform Commission on the Approval of Green Bonds issued by Mulinsen Co., Ltd.†(Development of Corporate Bonds [2017] No. 364), agree that Mulinsen Co., Ltd. publicly issued green bonds of no more than 1.5 billion yuan, raised funds of 1 billion yuan for annual production of 100 billion light-emitting diode (LED) expansion and expansion projects, and 500 million yuan for supplementary working capital .
According to the announcement, after the listing of the bonds, only institutional investors will participate in the transaction, and the relevant trading venues should establish an isolation system to prohibit individual investors from participating in the transaction.
In addition, the current bond has a maturity of 5 years and is in the form of a fixed interest rate. The current issue of the bond is subject to the issuer's option to adjust the coupon rate and the investor's option to sell back. That is, at the end of the third year of the bond's life, Mulinsen Co., Ltd. may choose to increase or decrease the original bond yield by 0-300 basis points. The person has the right to resell part or all of the current bonds held to Mulinsen Co., Ltd.
Gaogong LED noticed that the fund raised by Mulinsen to issue green bonds is planned to be used for LED expansion and expansion projects. Mulinsen is currently the largest packaging factory in China. From the lamp-bead business, the market share of Mulinsen lamp beads has been high. Taking 2121 lamp beads as an example, the monthly shipments exceeded 10,000 kk, accounting for 70% of the total market of 2121 lamp beads. %.
From the global leader in LED packaging industry, Nichia's revenues exceeded US$2 billion, OSRAM's revenue was 2 billion Euros, and Samsung's LED division revenue was US$1.4 billion. After that, Seoul Semiconductor, Cree, Lumileds, and Everlight were all around. One billion dollars up and down. The Mulinsen headquarters will likely exceed $1 billion in 2017 and has become a member of the world's leading clubs in the field of LED packaging.
In 2018, Mulinsen + Ledvance is expected to achieve $3.5-3.8 billion. The driving force of Mulinsen's growth comes from the troika, "components and semiconductor materials + world-class foundry services + global brand business", and finally form the carrier-class enterprise of LED industry chain.
In terms of components and semiconductor materials, Mulinsen is deployed throughout the industry chain. In the upstream, the acquisition and development of crystals for layout, the development of crystal has a proprietary high-end patent, can be oriented to international companies. In addition, Mulinsen invested in Aoyang Shunchang; in the middle reaches, Mulinsen ranked sixth in the world in 2016, and is also the fastest growing company among the top ten in the world. This year, he will have the opportunity to enter the top five in the world and even the fourth.
In terms of foundry, Mulinsen has carried out a joint venture this year as an OEM OEM business in the United States, creating a unique integrated flagship store enterprise in the whole industry. As we all know, next year, Europe and the United States will eliminate tungsten halogen lamps, filament lamps will enter the development and expansion period, so Mulinsen mainly focuses on the manufacture of filament lamps, and acquires strong customer resources through acquisition. Lin Jiliang revealed that Mulinsen should have more expansion next year.
In terms of brand, Mulinsen was founded in 1997. It is a packaged device company. After 20 years of development, it has gradually entered the field of lighting products manufacturing, and is committed to building a global brand. Today, Mulinsen hopes to create a pattern of integrated lighting companies that translate into a complete lighting system.
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