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Sun Qinghuan said that because LED lighting market is still less than 10%, LED lighting still has a stable high growth space in the next 5 to 10 years. In the past few years, the filament lamp has become the LED lighting product with the largest growth rate in recent years because of the ban on tungsten halogen lamps in the EU and the elimination of tungsten halogen lamps in the United States in 2020. L Mulinsen's 2017 annual performance online briefing was held on the panoramic network on Friday afternoon. Sun Qinghuan, chairman of the board of directors, said that Mulinsen will increase the finished product manufacturing business and leverage the popularity of filament lamps and LED tubes to open up overseas markets. In addition, after the completion of the acquisition of LEDVANCE, the company will leverage its internationally renowned brands such as OSRAM and Xiwannian. Channels from more than 140 countries around the world will be the world's top three lighting groups. Regarding the exchange rate, the financial department has always prepared for the exchange rate risk. Sun Qinghuan said that because LED lighting market is still less than 10%, LED lighting still has a stable high growth space in the next 5 to 10 years. In the past few years, the filament lamp has become the LED lighting product with the largest growth rate in recent years because of the ban on tungsten halogen lamps in the EU and the elimination of tungsten halogen lamps in the United States in 2020. LED chip prices will be slightly reduced this year as in previous years, but as the price of chips declines, it will drive the use of smaller pitch displays. In addition, Sun Qinghuan also said that the lighting part, in 2018 will launch high-power LED devices, to seize the lighting market, the display part, will launch a new series of 1919, 1515, 1010 and other products to seize the small pitch market. On March 5, Mulinsen Lighting released its 2017 annual report, which stated that the company achieved operating income of 8.169 billion yuan in 2017, a year-on-year increase of 47.97%; net profit of 669 million yuan, an increase of 41.20%. Mulinsen believes that the strong demand for LEDs has led to a significant increase in the net profit attributable to the parent company's main business realized by the company in 2017. As a package leader, Mulinsen's LED industry chain layout is remarkable. In recent years, the barbaric expansion has been carried out, and non-stop production projects, joint ventures, and capital increase companies have been established. Through extensive expansion, they have enhanced their economies of scale and leveraged overseas mergers and acquisitions to open up the entire industry chain and overseas channels. In addition, the radical marketing strategy, as well as innovations in production equipment, process technology, etc., quickly became the absolute leader of China's LED packaging industry in a few years.