On March 14, Mu Linsen officially announced that the company’s board of directors had reviewed and approved a proposal for its wholly-owned subsidiary, Hong Kong Mulinsen, to inject 30 million U.S. dollars into its subsidiary, Mulinsen Electronics. The capital injection will increase the registered capital of Mulinsen Electronics from 30 million to 60 million U.S. dollars. This move is expected to strengthen the financial foundation of the subsidiary and support its long-term growth.
Mulinsen Electronics specializes in the production and sales of liquid crystal display devices, light-emitting diodes, related materials, accessories, lighting systems, mechanical equipment, hardware products, and electronic goods—excluding automotive electronics and energy storage batteries. In addition, the company engages in import and export trade, urban lighting engineering services, lighting design and construction, energy-saving technology services, landscaping projects, and contract energy management.
As a key subsidiary under the Mu Linsen Group, Mulinsen Electronics aligns closely with the group's strategic direction and adapts its business model based on market dynamics. The recent capital infusion is aimed at expanding its production scale, optimizing its asset structure, and enhancing operational efficiency. These steps are expected to drive further business expansion and improve overall competitiveness.
The funds for this capital increase come entirely from Hong Kong Mulinsen’s own resources. Following the investment, Mulinsen Electronics will remain a subsidiary of the parent company, and the consolidation scope of the group’s financial statements will not be affected.
According to publicly available data, Mulinsen Electronics generated an operating revenue of 248 million yuan in 2017, with net profit exceeding 31.8 million yuan. This indicates a solid financial performance and consistent profitability.
Unit: yuan
With the capital injection, Hong Kong Mulinsen is expected to significantly boost the operational strength of Mulinsen Electronics, further improving its profitability. However, the company acknowledges that external factors such as market trends and changes in industry regulations may still influence its future development.
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