Jan 28, 2021 09:01 PM (GMT+8) · EqualOcean
Mu Linsen announced that the net profit of 2020 is expected to be 230-280 million yuan, with a year-on-year growth of 105.19% - 149.79%. After the merger and acquisition of landvance, the company vigorously promoted the integration of various businesses. On the one hand, the high-end business field was expanded, on the other hand, the overall competitiveness of landvance was improved and the business performance was improved by optimizing the manufacturing link to reduce costs and increase efficiency. With the recovery of the LED industry, the downstream orders continue to increase, the capacity utilization rate of the company's manufacturing business increases, and the profitability is significantly improved year on year. The company disclosed the performance express on the same day, with the net profit of 313 million yuan in 2020, a year-on-year decrease of 36.35%.

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