Mullinsen released its 2026 half-year report, with first-half net profit attributable to the parent of 662 million yuan, up 330.7% year on year. Operating revenue was 9.795 billion yuan, up 23.7% year on year; net profit attributable to the parent excluding non-recurring items was 404 million yuan, up 181.1% year on year; net operating cash flow was 1.092 billion yuan, up 195.5% year on year; earnings per share were 0.45 yuan. In the second quarter, operating revenue was 5.07 billion yuan, up 25.8% year on year; net profit attributable to the parent was 243 million yuan, up 2,144.2% year on year. As of the end of the second quarter, total assets were 25.267 billion yuan, up 10.3% from the end of the previous year; net assets attributable to the parent were 12.054 billion yuan, up 4.3% from the end of the previous year. The company said industry prosperity has recovered, overall gross margin has improved, industrialization of emerging display technologies has accelerated, and certain sub-sectors such as Mini LED and automotive optoelectronics have shown good growth momentum. The company has built a complete LED industry chain and extended into key upstream links through the acquisition of Bridgelux, enhancing its industry chain integration capability.
MLS Co LtdFirst-half net profit attributable to parent rose 330.7% YoY with revenue up 23.7% and improved gross margin.
