Adding more Mini LED! Mulinsen has partnered with this company.

Cooperate to carry out the R&D and production project of MiniLED backlight and display modules.

The announcement shows that Mulinson Industry and Shenzhen Yuanxin recently signed a "Project Investment Agreement" in Ji'an, Jiangxi, deciding to cooperate on the R&D and production project of MiniLED backlight and display modules, and reached a preliminary cooperation intention. In order to seize the rapid development opportunities in the Mini industry, both parties will cooperate to produce and promote Mini direct display and Mini backlight products.

According to the information, Shenzhen Yuanxin was established in 2019, co-founded by Professor Wu Yiping, the founder of the electronic packaging major at Huazhong University of Science and Technology, and Dr. Zhu Ling from Shenzhen University, possessing advanced technology teams related to ultra-small pitch packaging Mini display and Mini backlight fields.

Shenzhen Yuanxin's general business projects include: developing electronic display devices, information display management systems, software products, integrated circuit products; engineering installation, debugging, maintenance, leasing, and technical consulting services for self-produced products; sales of electronic display products, lighting products, electronic signage products, stage film and television equipment, computer software and hardware and auxiliary equipment; import and export of goods and technology; technology development, technology transfer, technology consulting, technology services; development and sales of computer software and information system software; integrated circuit design and R&D. Licensed business projects include: production of electronic display devices, information display management systems, software products, integrated circuit products.

Invest to establish new companies in Ji'an and Shenzhen.

According to the cooperation agreement, Mulinson Industry and Shenzhen Yuanxin will jointly invest to establish a new company in Ji'an, Jiangxi, and set up a wholly-owned subsidiary in Shenzhen as the parent company. The new company in Ji'an will mainly be responsible for product production and operation, while the new company in Shenzhen will be responsible for product R&D.

The proposed name for the new company in Ji'an is Jiangxi Mulinson Yuanxin Technology Co., Ltd., subject to approval by the industrial and commercial registration authority. The registered capital is 200 million yuan, of which Mulinson Industry will contribute 102 million yuan in cash, accounting for 51% of the registered capital; Shenzhen Yuanxin will contribute 98 million yuan in the form of technology and intellectual property, accounting for 49% of the registered capital.

The name of the new company in Shenzhen will be determined by both parties through further negotiation, subject to final approval by the industrial and commercial registration authority. The registered capital is 5 million yuan, all contributed in cash by the new company in Ji'an.

Mulinson stated that the signing of the strategic cooperation agreement with Shenzhen Yuanxin by its wholly-owned subsidiary is in line with the company's development strategy in MiniLED direct display and backlight. In the future, both parties will provide ultra-small pitch (P1.0-P0.25) ultra-high-definition splicable Mini LED direct display modules and flexible transparent Mini LED displays for the display industry. They will cooperate in Mini direct display and Mini backlight products and services, further strengthening the company's product diversity in the upstream and downstream, which is conducive to accelerating the realization of the company's strategic layout, enhancing the company's core competitiveness, and achieving steady development.
 

Betting on MiniLED, diversified products boost performance growth.

MiniLED is one of the key development areas for Mulinson in the next three years. Since the beginning of this year, Mulinson has continued to expand its investment scale and has specifically established an optoelectronic display division responsible for the promotion and production of small pitch and Mini direct display products. Currently, small pitch products 1212/1010 and modules have achieved bulk supply. Products and modules of Mini P0.9375/P0.8mm are currently in the testing phase and will soon be put into mass production.

In addition, Mulinson has also introduced Xiaomi Yangtze River Industry Fund as a strategic investor. Currently, Mulinson is in deep communication and discussion with Xiaomi regarding MiniLED, and related products are in the trial production stage.

By signing the Mini backlight and display module production project through its wholly-owned subsidiary, Mulinson's production capacity in the MiniLED field will be further enhanced, and the company's products will gradually develop towards diversification, with more profit growth points expected to drive performance growth. Currently, Mulinson's operating conditions are gradually recovering, and the company recently announced its performance forecast for the first three quarters, with a projected net profit growth of 18.49% to 69.28% in the third quarter.